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Don't Solve Problems Dissolve Them

dissolveBigg success is life on your own terms. There are five elements of bigg success – money, time, growth, work and play. Today we want to focus on time with growth factoring in throughout.

It’s important to look at how you spend your time to determine how to save time. One question to look at is how much time you spend putting out fires.

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Pause and reflect

Certain jobs seem to require more reaction than others. The closer you are to the customer, the more you may respond reactively. If your direct charges are on the front line, you may spend more time reacting.

In those cases, you need to allow for more reactive time as you plan out your day. However, bigg goal-getters try to minimize the amount of time they spend reacting.

So if a large portion of your day is spent responding to situations, pause and reflect. Ask yourself what you can do about it.

It’s possible that nothing can be done about it, but in many cases there is more in your control than you might think. It’s about moving from a reactive mode to a proactive mindset.

That’s the higher order of personal leadership. As a bigg goal-getter, you want more in your tool kit than just problem-solving capabilities. You also want to be a problem dissolver. Here are three ways to do that:

Elimination

The best way to dissolve a problem is to never have it in the first place. Look ahead and try to discover potential problems. If you think it’s likely that you will encounter that problem, dissolve it by eliminating it in advance.

Many future problems can be handled this way. For example, leaders who establish clear expectations for their people eliminate many problems before they ever happen.

Preparation

The next best way to dissolve a problem is to have an answer in mind before you need it. You may have thought about these problems upfront, but it’s more effective to prepare for its eventuality than to eliminate it in advance.

A great example of this is contingency plans. You have a path you’re going down and you’ve determined in advance it’s your best path. However, as new evidence becomes available, you realize that you need to adjust. Planning that adjustment in advance helps you respond quickly if the time comes.

Prevention

Some problems just can’t be anticipated in advance. However, bigg goal-getters dissolve them by solving the problem now and preventing it from reoccurring in the future.

We have a tendency to rush to solve a problem, but oftentimes, with just a little more effort, we can keep it from happening again. Take time to figure out why it happened. Reverse engineer your process to see if you can prevent it in the future.

As the saying goes, “An ounce of prevention is worth a pound of cure.” The best time to start prevention is right after you’ve found the cure. You’re motivated then!

Use that motivation to your advantage to shift your thinking away from solving problems to dissolving them. It leads to bigg success!

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Thank you so much for reading our post today. Please join us next time as we discuss an emotion that leaders must control. Until then, here’s to your bigg success!

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The Second Way to Create Wealth

money.jpgWhen we think talk about capital for a business, we usually think about money. One timeless wealth-building secret is to use other people’s money, commonly referred to as OPM.

The idea is to use a small amount of your own money, levered with a large amount of other people’s money.

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The most obvious example is making a small down payment for your home and then borrowing the rest. Over time, you pay off the mortgage and you own the home outright. You’ve used OPM to add a significant asset to your Balance Sheet.

Of course, with our homes we have to work to pay off the mortgage. It works even better with a business or a piece of investment real estate.

All we have to invest is the small amount needed to get started. If all goes well, our customers or tenants pay off the loan for us. Now that’s a deal!

The second form of capital

We can also use human capital to create wealth. It’s kind of the Cinderella of the capital world – it doesn’t get as much focus as money as a form of capital.

But other people’s labor, or OPL, is also a way to build wealth. Of course, by “labor”, we mean time and talent. Instead of levering money, we lever time and talent.

OPL is more important going forward

OPM and OPL are the two ways people have traditionally created wealth. OPM has received more focus because we’ve relied heavily on investments in assets and infrastructure to create wealth.

But for small business owners today, the model for building wealth in the future is likely to rely more on OPL. Thanks largely to technology, we can start businesses with less money than it used to take.

Here are three guiding principles for using OPL to build wealth:

You must consider all peoples’ interests equally.

This is the principle of equal consideration of interests. It’s all for one and one for all. As the leader, you have to consider all people in your charge equally and then do what’s best for the collective whole.

So we think going forward, the people who create the most wealth will not be focused solely on their own self-interest. You have to think about what’s best for everyone who is part of your team.

Think win / win or wait.

If you’re going to work with someone, you both must win or you should wait. A win by one is a win by none in the long-term.

As bigg goal-getters, we’re always looking for ways to add value which creates opportunities to create wealth.

Your people must buy your vision.

If you have to sell your vision, the game is over before it’s even started. You want people to see how your idea benefits them. But it has to be bigger than that. It also has to serve society in a larger way – it needs to improve people’s lives. And your people must see it.

It’s a higher form of salesmanship – of leadership – that leads to bigg success today.

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Thank you so much for reading our post today.

Next time when we’ll talk about what a popular HBO show has to do with organizational structure in the years ahead. It’s related to this post so please check back in with us.

Until then, here’s to your bigg success.

Subscribe to The Bigg Success Show in iTunes. 

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00416-061509.mp3

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Lone Wolf or Lead Wolf

wolf.jpgBigg success is life on your own terms. Today, we want to focus on work, one of the five elements of bigg success.

We hear a lot of talk about passions. What do you love to do? Find that and do it.

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We don’t hear so much about preferences. Preferences are the Cinderella of success literature.

However, knowing your preferences is just as important as uncovering your passions. Your passions paint the bigg picture; your preferences are the finer points.

Picture a page of a coloring book. You see the outline that you’re supposed to color in. That outline represents your passions. The colors you use and how you use them together are your preferences. It takes both to make the drawing complete.

We have personal preferences. For example, some people prefer to live in the city. Others want to live in the suburbs or even in the country.

We also have preferences in our professional lives.
Some people prefer to work at a desk. It drives other people crazy.

Some people want to work in a large company with a lot of people. For others, small companies trip their trigger.

Some people like to work at home. Others just can’t do it. They find it too distracting or it makes others stir crazy.

One of the most important choices

Do you prefer to be the lead wolf or a lone wolf?

When we think of wolves, we often think of packs. As the lead wolf, you’re the leader of the pack. You recognize that you reach bigg success by organizing your pack to accomplish things together that couldn’t be accomplished individually.

It’s all about the pack and helping the individual members develop their talents to reach their full potential so the whole pack is a bigg success.

A lone wolf
, in nature, is usually a young adult in search of new territory. To apply this to our lives, your work is your craft. You prefer to do it alone. You want to master your craft, to push yourself beyond the boundaries that you’ve reached before. In order to do this, you don’t want to be distracted by the responsibilities of leadership.

Think about your preference – lead wolf or lone wolf – so you can live your life on your own terms. That’s bigg success!

Are you the lead wolf or a lone wolf?
Share that with us by leaving a comment below, calling us at 888.455.BIGG (2444) or e-mailing us at bigginfo@biggsuccess.com.

We’re howling at the moon because we’re so happy that you stopped in to see us today!

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And please join us next time when we discuss Picasso … on personal branding. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00408-060309.mp3

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The Need to Lead – Part 2

career_opportunities On The Bigg Success Show today, we continued our discussion with Douglas E. Welch, host of the popular Career Opportunities, podcast. Last time, we discussed why Douglas has declared 2009 the “Year of the Leader.” Let’s get back to the conversation …

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georgeOne of the challenges we face is getting started. You’ve talked about inertia – we tend to remain inanimate unless we really push ourselves. One of your quotes that I love is that we need “leadership over laissez-faire.”

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douglasThere’s the old phrase that the only person who likes change is a wet baby. I see that every single day. It is so important. Newton had it right – objects at rest tend to remain at rest; objects in motion tend to remain in motion. I find that if I can get someone in motion, making the smallest step, the next step becomes all the easier. There is something about momentum and forward movement that builds on itself. Unfortunately, inertia builds on itself too. We can become really sedentary in our lives in a variety of ways – both physically and mentally. That’s part of the reason I write the column. Sometimes when I write, I picture myself giving that stone just a little bit of a push downhill. If I can get it to roll a quarter of a rotation, maybe it will start to roll a little bit further. That’s something we need to do in our own life and also cultivate in others.

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marylynnLeaders are admired for their ability to keep pushing, taking all the steps necessary to keep progressing toward goals. Does your knowledge in this area stem from a time when you didn’t push yourself enough?

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douglasI have to admit that I face this problem every day. I think we all do. There are days when we just want to sit down and do nothing. We just want the world to go spinning around us and not have to worry about whether we have groceries in the house or if that check has come in from that client. It just gets a little overwhelming to us. I grew up in a very small town – a rural town – in Ohio of about 2,000 people. Frankly, in a town that small, there’s a lot of inertia. There’s not a lot of push to go on. I found out very early, though, that I get bored very easily. If I don’t have a constant set of stimulus coming in, I can very easily settle down and just let the world go by me. So as part of learning about myself, I realized I have to have a new book to read, something new to watch, a new place to go to, a new area to go for a walk. I have to constantly have that new input so that I can continue to create the output that I do create such as my column, my podcast, and the other stuff that I do.

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georgeThat’s a great way of looking at it. Look at the inputs – the actions that you take – and then the results will come at some point.

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douglasThat comes from an artist coach that I had become friends with many years ago. I worked at Walt Disney Imagineering for five years as an IT professional in the computer department. One of the biggest perks I got at that job was that I had access to all of the art coaches that all the creative people did. One of the things we discussed was that you cannot output art or other great things in life unless you have enough input coming in. Those are the raw materials that you use for your creation. I really took that to heart and have lived that particular philosophy for a long time now.

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georgeAnd if you can’t afford a coach, find that friend who may be a little bit ahead of you in life or in their career. I have a friend who I meet for coffee. We would always say we needed to get together more often, but it never happened because we didn’t make it happen. So we finally said that we would meet at a particular time every month. That’s what made the difference – getting it pre-planned.

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douglasI started a whole new event here in Los Angeles specifically for that reason. It’s LA Friday Coffee. It is coffee and casual conversation between work and dinner. We meet at various coffee places all around the city. But at its essence, that is my attempt to get myself out on a Friday night to meet and talk to people that I don’t see often enough.

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marylynn
And boy you just can’t beat coffee!

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george
Unless it’s a martini!

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douglas
Anyone who follows my Twitter stream knows that I’m into coffee!

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george
We have to be, doing what we do. Right?

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douglasIt’s weird. I’m a geek in all things. When I find a new interest, I geek out on it as much as I geek out on technology or anything else I’m interested in. So I’ve read up on roasting coffee, how to make coffee, and the perfect espresso shot. My wife’s family is Sicilian and we’ve been to Sicily so I’ve tasted real coffee. That whole geekness kind of filters into my whole life as well.

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george
I’ll bet you make a mean cup of coffee though. When will it be ready? We’re on our way!

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Thanks Douglas for sharing your thoughts with us. He has started a free online resource called Career Camp where members of his community can share their expertise. We highly recommend it to you!

And thank you for taking time to read our post today. Until next time, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00333-021809.mp3

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Seth Godin on Tribes: Part 3

tribes
On The Bigg Success Show, we’ve been talking with Seth Godin about his incredible new book, Tribes. So far we’ve discussed:

Part I: what a tribe is, what the leader does, and why quality trumps quantity

Part II: why Seth became a leader, the power of one, and the importance of leverage

Today we wrap up our conversation. Let’s get to it!

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Change and chaos creates opportunity

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