Posts

The Second Way to Create Wealth

The Second Way to Create Wealth

There are two ways to create wealth – we’ll share both the well-known and the less-known ways with you today.

Click the player to listen on the BIGG Success Show podcast, or read the summary below.

When 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.

Read more

4 Signs It’s Time to Abandon Ship

4 Signs It’s Time to Abandon Ship

We hear it all the time, successful people stick to it. They don’t give up. They try, try again. But sometimes in spite of all that effort, success is still elusive. What should you do? It may be time to abandon ship!

Click the player to listen to this episode of The BIGG Success podcast. Find the summary below.

In our last podcast, we said that persistence is the single most important ingredient for your success. If you persist long enough, you’re sure to succeed! However, you have to be smart about it. There are 4 signs it’s time to abandon ship – some are internal and external.

Read more

4 Ways to Tap Into Your Hidden Potential

Image of woman with raised fist and sun illuminating with the title: 4 Ways to Tap Into Your Hidden Potential

Today we’ll discuss how to tap into your hidden potential – that powerful force that lies within you. Find ways to bring it to the forefront and you’ll change your life, the life of those you love, and perhaps even the world!

A lot of us tap into our potential, but the real question is this:

Are you tapping into your FULL potential?

If you’re like most of us, you’ve just scratched the surface of what you can do. You want to be all that you can be.

Read more

The 6 Types of People You Need in Your Network

image of a network grid with the blog post The 6 Types of People You Need in Your Network

You hear it all the time, “it’s not what you know it’s who you know”.  We’ll explore just “who” should be in your network….

Click the player to listen to this episode of The BIGG Success Show Podcast. Below is a summary.

Entrepreneurs do a great job of leveraging their resources, and your network is a BIGG resource!

That’s where you will find customers, employees, mentors, brand advocates, and more.

And while social media networks like LinkedIn allow us to grow our networks faster than ever, new research shows that having a large network may not be the way to go.

To build a strong network – who do you need to connect with?

Read more

Success as an Entrepreneur Stems from 4 P’s

Four Ps for BIGG SuccessHow do you reach BIGG success as an entrepreneur? Remember the 4 P’s:

People

Put people first. This starts with you. Your business should serve you, not the other way around.

It continues with your employees. You may not have any at first, but as your business grows, the need will likely arise. Don’t neglect these people. Happy employees lead to healthy profits – another one of the p’s as you’ll soon see.

But neither you nor your employees will have any job security if you don’t please your customers. Attracting and, more importantly, retaining customers should be job #1 for everyone in your business.

Purpose

Your purpose lies where your passions and strengths intersect with a market need. You and your people are able to solve a problem for another group of people.

Your purpose defines your firm’s reason for being – your why. It should be easy to say and even easier to remember.

More importantly, your stated purpose explains the difference you make in the world. It should inspire you and your people to perform at your highest capacity.

Process

Stated simply, a process is a set of procedures. A set of processes forms a system – more specifically, your operating system.

Purpose helps define the what while process describes the how. Purpose helps you determine the right things day to day. Process helps you do them the right way.

Together, purpose and process help you do the right things the right way. You need them both to be a BIGG success.

Profit

Finally, we come to the final P – profit. Contrary to many people’s misperceptions, profit is not a dirty word. Without profit:

  • you won’t be able to replace equipment as it wears out
  • you can’t repay your bank debt
  • you won’t have any money to invest in growth
  • you won’t be able to justify pay raises
  • you won’t have the funds to hire more help
  • you would be better off investing your time and money elsewhere

Even non-profit entrepreneurs have to earn a profit if they want to serve more people. It may come in a different form than a for-profit entrepreneur but – make no mistake – it is essential for all enterprises.

There you go – 4 P’s that lead to BIGG success!

Image in this post from stock.xchng