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Carol Roth on The Entrepreneur Equation – Part 1

Carol RothWe were so happy today to visit with Carol Roth on our show. Among many other things, Carol’s an investment banker, business strategist and deal maker who has helped clients from solopreneurs to multinational companies raise more than $1billion of capital.

You may have seen her on Fox News, MSNBC or Fox Business. She has her own TV show in development and she’s the author of the fantastic new book, The Entrepreneur Equation, which is why we want you to meet her.

Listen to the podcast to hear:

  • Carol’s secret to doing it all
  • what her “spinach in your teeth” philosophy is
  • why the failure rate for small business isn’t acceptable
  • the key to approaching a new business for greater success
  • Carol’s “FIRED UP system” to help you assess the timing of your startup
  • why you probably don’t need to worry about someone stealing your idea

Carol has some incredible special offers if you pre-order her book by February 18, 2011. We highly recommend it to you!

To listen to Parts 2 and 3 of our interview with Carol Roth, click here.

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00671-021511.mp3

How Do I Find My Passion?

Bigg Challenge
Amy knows she’s not passionate about her career, but she doesn’t really know what she would love to do. She wants to know how to discover her passion.

Bigg Advice
We recommend that you get a notebook to write down your thoughts and answers to the following questions, Amy.


These things all revolve around one simple theme –

Look to the past to discover your future.

#1 – What did you want to be when you grew up?
Now you may think that’s a silly question to ask at this point in your life, but it’s not. Because it leads to the more important question …

Why? Why did you want to do that one thing when you grew up?

Mary-Lynn wanted to be a singing star. She wanted to be like Cher – up on stage performing in front of an audience with a microphone. Unfortunately, she couldn’t sing!

But today, she does perform in front of an audience with her very own microphone. It’s not exactly what she envisioned as a kid, but the elements are there.

#2 – What classes did you really enjoy?

You probably thrived in these classes. What were they, from grade school all the way up through college? And more importantly …

What about that particular class did you enjoy so much?

George loved philosophy – learning how to think logically and debate a subject. He’s used those skills his entire career. He has found that the work that’s most enjoyable to him often has to do with problem-solving.

#3 – What extracurricular activities did you love?

And more importantly, what did you love about that activity?

Mary-Lynn loved music. She loved being in the pep band and going to competitions. These additional benefits were a bonus to learning to play an instrument well. It appealed to her competitive nature and fulfilled her social needs.

#4 – What jobs or roles have given you the greatest satisfaction?
More importantly, what common themes were there?

George has been an entrepreneur and a teacher. As his career as a business owner advanced, he found that teaching and inspiring others was what he really enjoyed. He got great feedback about meetings he conducted. He also got positive reviews from his students. Today, Bigg Success gives him that outlet to share knowledge with others.

#5 – What is, or was, your favorite hobby?

What do you, or did you, do for free?

Mary-Lynn has loved writing since she was a kid. It taps into her creative side. That desire to be creative has guided her throughout her career. She once left a job because it didn’t offer creative freedom. Her need for creative control in her job spills over from her hobby. Being in touch with what you naturally do, even without pay, can help you discover your passion.

So as you ponder these five questions, think about the elements of the activity, rather than the activity itself, to discover your passion.

Thanks, Amy, for sharing your bigg challenge with us. We’re confident you’ll discover your passion soon!

If you have a bigg challenge, e-mail it to us at bigginfo@biggsuccess.com
What advice do you have for Amy? Click on the Comment link below

Our bigg quote today is by Georg Wilhelm Friedrich Hegel, who said,

“Nothing great in the world has been accomplished without passion.”

So find your passion to uncover your greatness.

Next time, we’ll discuss what to do if working harder isn’t working anymore. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

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The Two Most Powerful Words You Can Use

We were pleased to welcome Steve Harper, author of The Ripple Effect: Maximizing the Power of Relationships for Your Life and Business, to The Bigg Success Show today.

Steve shared the two most powerful words you can use … thank you.

People take these two words for granted or don’t use them enough. Steve said that in his work of helping people create bigger and better relationships, he has noticed that relationships accelerate when you recognize people who have helped you out. People want to feel appreciated for what they’ve done for you.

It’s sad to say that this simple philosophy of thanking people can set you apart from all of your competitors. But because so many people fail to show any appreciation, it will if you regularly show your gratitude.

We discussed three specific groups of people that you should thank. Now don’t think this list is all-inclusive. It’s just all we had time for!

Customers
One of the most important times to say thanks is when someone does business with you and your company (or the company for whom you work). Show your sincere appreciation to your customers. Making this a habit will open doors with that customer, and with people that customer knows.

People who introduced you to someone
Another important time to say thanks is when someone connects you with someone else. If you show them your appreciation, you’ll make an impression and reinforce their belief that you’re a good person to introduce to others.

Co-workers
This is so important today with good help increasingly harder to find. You should show your appreciation when the people you work with (or who work for you) go above and beyond their normal duties. They are far more likely to do it again when you recognized them for a job well done. They appreciate that you appreciate what they do for you.

As we told Steve … now we understand why Elvis was so popular. He didn’t just say, “Thank you.” He said, “Thank you very much!”

Steve’s #1 secret to success: Be a resource to others.
This goes along with the “thank you mentality”. Steve says that one mantra that he has always lived by is “The Treasure Chest Principle”.

The Treasure Chest principle holds that people are an unbelievable treasure chest of opportunity if you just take the time to pick the lock, lift the lid, and look at what’s inside.

Gain a true appreciation of the people that cross your path in life. One of the best, and quickest, ways to build better relationships, move up in your career, or build a better organization is to have this “resource mentality”.

You have to connect with the people who cross your path and engage them so you can find out how you can help them. If you do that with no expectation of anything in return, the ripples will come back to you.

Steve offers you a great resource
You can download a FREE chapter of The Ripple Effect at Steve’s site and learn about other services that he offers as well.

And in case you’re wondering, we didn’t forget to say “thank you” to Steve for sharing his time and wisdom with us today!

Our bigg quote comes from G.B. Stern:

“Silent gratitude isn’t much use to anyone.”

So don’t just think “Thanks”, thank out loud. 

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Next time, we’ll share three things to make your banker less intimidating. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

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(Image by joka2000, CC 2.0)