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Does Your Favorite Game Reveal the Type of Entrepreneur You Are?

Your favorite gameLife is a BIGG game for entrepreneurs.

The question is: Which game?

The answer is: It depends on which type of entrepreneur you are.

We think there are three types of entrepreneurs: Specializers, Serializers and Synchronizers.

Hear George & Mary-Lynn discuss today’s topic on The BIGG Success Show podcast. Click the player to listen.

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The game they play

  • Specializers play Solitaire. They focus on one business. They strive to master their craft so they can make more money.
  • Serializers love Legos. Now we realize that Legos is not technically a game. But serial entrepreneurs love building. They start business after business, always hoping to build something more spectacular the next time.
  • Synchronizers are playing Monopoly. They don’t want to own one business; they want a collection. They’re always trying to pass Go, so they can collect $200 and purchase another property.

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Mary-Lynn FosterMy favorite game of the three is Solitaire. I just love trying to get better at beating the game.

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George KruegerIt’s consistent with your personality. You love to master a craft – whether it’s radio, audio production, website development or consulting. You’re a Specializer, Mary-Lynn.

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Mary-Lynn FosterSo what’s your favorite, George?

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George KruegerAs many people will find, I have an affinity for two of them. My dad was a builder so I always loved Legos. But Monopoly is definitely my favorite.

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Mary-Lynn FosterIt makes sense. You’ve owned multiple businesses for most of your adult life. You’re mostly a Synchronizer.

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How they win

There are nuances for how you run your business depending on which type of entrepreneur you are. For example, each one has a unique strategy for winning:

  • Specializers win by taking the income from their business and investing passively. By doing this, they diversify their assets which reduces their risk. They also don’t waste precious time away from their core business.
  • Serializers will likely invest everything they have to make their first business a BIGG success. Then they take part of that money off the table and invest it passively while pouring the rest of it into their next business.
  • Sychronizers win by building a portfolio of businesses. They may never have much money invested in stocks or bonds. They trust themselves more than they trust the markets. So they are constantly directing income from their existing businesses into new businesses.

The key is figuring out how you build from a base of one business, which may represent a huge portion of your total net worth, to a more stable portfolio of assets.

It helps you make more money, more dependably. That’s BIGG success!

What’s your favorite game?

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Track Your Time with this Popular Toy

legosWe read a very interesting post by Michael Hunger at the Better Software Development blog. What we learned from Michael is that sometimes it pays to think inside the box! He uses Legos to track his time. You have to see his illustrations to really understand it. So go to his site and check it out!

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His system

He puts a whole week on a single 8-peg by 16-peg base. He uses a different colored 1-peg by 8-peg piece for each day of the week. He breaks each hour into four 15-minute segments. So each row has a maximum of four blocks across, one for each fifteen minutes. If you work eight hours, you’ll have a max of eight rows high, one for each hour.

Then he assigns one of the nine colors to each project. He checks his start time and end time and then places a block for each fifteen minutes worked on that project. So if he worked on two projects in the first hour, for half-an-hour each, he would have a row with two colors in it, one color for each project.

The result

The overall result is that, at the end of each week, he can look back and see exactly what projects he worked on and how much time he spent on each one.

We loved how you could see what you worked on with a quick glance.  It really pops. It’s in 3D, so it brings time management to life. You can get a real sense of accomplishment by seeing exactly what you’ve worked on.

And it’s fun! Who doesn’t like playing with Legos?

In fact, Michael’s been using this system for four months and can only come up with one disadvantage – his co-workers keep coming into his office and disassembling his blocks!

Plan vs. actual

He points out that you could easily use this system to plan your week. You could determine what projects you need to work on and plan for how long it should take.

We thought it would be great to use one base for your plan for the week. Then use another one as Michael does to track your time. Then you could compare your plan vs. actual at a glance.

Identify time wasters

Instead of using the different colors for projects, consider using them for categories – the ways you spend your time. For example, one color could represent time at work, another could be for commuting time, yet another could be for watching television. You pick the categories. At the end of the week, you’d have a great visual of how you spent your time.

All kinds of other uses

There are a number of other ways to use Legos as a system. For example, why not track your diet. Use a different color for each food group and track the number of servings. You’d know at a glance if you have a balanced diet.

Why not track spending with Legos? Use different colors for different categories so you see where your money goes.

What are some ways you can think of to use Legos as a tool?

 

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(Image by Michael Hunger)