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What is Bigg Success?

life on your own terms When you study anything, it’s important to understand the definitions. So today, we’re happy to announce that we have refined the definition for bigg success:

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Bigg success is life on your own terms.

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marylynnI just love that because it is so empowering. Who else can tell us how to live our lives?

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georgeIt’s not about money or material possessions. Or it can be. It’s not judgmental. If it works for you, it works!

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Your terms, not others

We don’t always live our lives on our own terms. We live by the terms set by others.

Our families and friends, with all good intentions, have their thoughts about how we should live.

Society sets expectations of us. Hollywood and Madison Avenue paint a picture of how our lives should look. Teachers, bosses and others guide us to the life they want us to live.

Sometimes we even place demands upon ourselves that aren’t congruent with what we really want.

Taking charge

Enough is enough. We must take our lives back. We must claim the most precious gifts that we have been given.

To choose who we are and who we become.

To live the life we dream of living.

To find our path to happiness without regard for what others think.

To feel in control no matter what situation we face.

When we feel that we have power over our own lives, we can relish in every moment even if things aren’t going exactly as planned.

Not a selfish endeavor

Life on your own terms sounds selfish, but it’s not. In fact, it’s quite the opposite.

It means figuring out how to get from where you are now to where you want to be for the benefit of yourself and the people you care about.

How we’re doing it

We understand this definition well because we’re living it.

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marylynnI worked in the corporate world. I had outgrown the place where I was working and I didn’t want to move for two reasons: I was engaged to George and the industry I worked in was experiencing troubles so I thought a move would be risky.

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georgeI’ve been a passionate business owner for years and teach entrepreneurship at our local University. I saw the internet as a great place for learning and a way to combine those two passions. I also have a passion for a certain young lady named Mary-Lynn and working together seemed like a slam dunk!

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So we created an opportunity for ourselves – Bigg Success – to be partners both personally and professionally. It works for us, but it doesn’t work for everyone. It’s how we’re living life on our own terms.

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Would you like more tips and tools to live your life on your own terms?
Subscribe to the Bigg Success Weekly – it’s FREE!

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People in transformation

We’ve designed Bigg Success to be the place for goal-gettin’ go-getters … bigg goal-getters as we like to call you. That’s the reason for the second “g” in Bigg!

Bigg goal-getters don’t just talk the talk. We also walk the walk. Because we’re positive thinking, fun-loving people.

We’re people in transformation. Usually happy, but never content. Always striving to grow. Always looking to expand. Always in search of our next bigg opportunity.

So from two bigg goal-getter to another, welcome to Bigg Success! We look forward to getting to know you better. To growing together. To seeing you reach your bigg goals while we attain ours.

Reach bigg success in your life even faster

Bigg success is, and always will be, a developing concept. That’s the nature of bigg success!

It’s still about personal and professional development. We think by defining bigg success the way we have, we can have a richer conversation.

We will discover new things which we’ll share with you. We hope you will share your knowledge with us and the entire Bigg Success community.

Because all of us know more than any of us.

Start by telling us what life on your own terms means to you.

You can share that with a comment below, by calling us at 888.455.BIGG or by e-mailing us at bigginfo@biggsuccess.com

When you share, whether by writing it or speaking it, you get the ideas out of your head. So you learn and so will everyone else in the community.

By all of us sharing, we learn from each other so we all reach bigg success in our own lives even faster!

Thanks so much for reading our post today.

You’ve probably heard of Brand You. You may have heard that you’re the CEO of your own life. We don’t think either one is correct. Join us next time as we dive deeper into the definition of bigg success to find out why.

Until then, 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/00356-032309.mp3

Related Posts

Own Your Life

The Power of Defining Your Terms

The 5 Elements of Bigg Success

The Bigg Idea Behind Bigg Success

A New Beginning for Bigg Success

budding_spring It’s the first day of spring, a day many of us look forward to every year. It represents transition from winter to summer, dark to light. We think of new beginnings and new life. It’s the season of growth.

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But spring is also a verb. We spring forward or spring into action. It implies moving forward by leaps and bounds.

Bigg news

We’re happy to say that we have some bigg news to spring on you. We wanted to share it with you, our regular readers, first. We started Bigg Success about one-and-a-third years ago.

We said we were the how-to, can-do place. But we felt the need to refine that description and to simply define bigg success. So we got to work on it. What is bigg success? What does it mean?

About six months ago, we found the answer. So we started researching, studying, and talking with people. We searched for the answer to two questions:

What makes people a bigg success? What keeps people from being a bigg success?

So here we are … the first day of spring. We’re ready to announce a new beginning for Bigg Success. We’re ready for the transition, to share what we’ve learned.

Five shows

We’ll do that next time when we kick off the first of five shows that will help you really understand what bigg success means.

What are the elements of bigg success?

How do you get from where you are now to where you want to be – from success to bigg success?

How do you keep the risk of moving to this new level as low as possible?

What challenges can you expect to face? How do you overcome them?

How can you make it all work together so you’re not constantly pulled between your personal and professional lives?

Still the same

Our knowledge has sprung forward. We have so much we want to share with you and we’re looking forward to it. But we do want to reassure you …

We’ll still do five shows a week.

We’ll still offer a lesson and, hopefully, a laugh in five minutes or so.

We’re still all about personal and professional development.

What’s new is a framework for Bigg Success to help you build your bigg success even faster!

Sharing leads to bigg success

Because we still firmly believe that all of us know more than any of us, we hope you will bring your insights so we can all benefit. We encourage you to get in on the conversation and share both what you know and what you want to know.

If just one person benefits from every show, then Bigg Success is a bigg success. If we work together as a community, we can help each other reach bigg success even faster!

Please check in next time as we kick off this series of five shows. Until then, 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/00355-032009.mp3

Related posts

What is Bigg Success?

Own Your Life

The Power of Defining Your Terms

The 5 Elements of Bigg Success

The Bigg Idea Behind Bigg Success

(Image in today's post by straymuse)

Social Networking – The Line Between Work and Play

facebook

We love hearing from people in the Bigg Success community and recently, Rupa, one of our newsletter subscribers, sent us an e-mail with two great questions.

She said that Generation Y wrestles with the blurred lines between their private, public and professional lives. So colleagues in their professional world have access to personal information.

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Young professional

Which leads to Rupa’s first question is, “How do we uphold our ‘professionalism’ while still enjoying our youth?

Rupa continues by saying that we’re now a very visible society and are encouraged to share our information online. But she’s not thrilled segmenting who can see what by setting up different privacy settings.

So her second question is, “Should we – as a collective society – consider redefining ‘professionalism’ as we've always known it? Is it outdated?"

In the interest of full disclosure, we should tell you that we know Rupa. She is a very professional young person. That’s why her question carries even more weight with us.

Back in the day …

For the sake of simplicity, we'll use Facebook, the most popular social network right now. Generation Y users began using this social media service when it was just a place for Gen Y.

Back in those good old days, your boss wouldn't be on Facebook. Today, he or she may be. Back then, a colleague you met at an event would contact you via email. Today, that colleague may ask to friend you on Facebook.

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marylynnI think all active social networkers wrestle with this to some extent. I have a friend who holds a highly visible position in her community. We were talking the other day and she said that she originally got on Facebook to keep track of her kids. Her family joined her. It was mainly a personal space for her. But now she is getting a lot of requests from people she knows in the community and she worries about the same thing. I think you have to find a happy medium when using social media. Make it not too much personal and not too much professional.

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georgeWhen you create your profile on Facebook, they ask you to fill out all kinds of things. But you don’t have to. For example, I don't include my religious or political beliefs on my profile page. However, I also don’t walk around with those labels stamped on me when I network in person either. That’s something I only share with close friends.

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“How do we uphold our ‘professionalism’ while still enjoying our youth?”

We think you can do one of two things:

  • When a professional colleague asks to friend you on Facebook, reply with: "I would prefer to add you to my professional network on LinkedIn" and provide your link.  
  • If you do add them to your Facebook friends and you are concerned that they might see something you don’t want them to, then you don’t have a choice – you have to use privacy settings.

This can be done by creating a "Professional" friend list and applying specific privacy policies to that group. We found a fantastic article that lists some useful privacy settings for Facebook along with instructions on how to configure them.

Privacy settings allow you to present yourself in a youthful way to one set of friends and as a professional to another group. Don’t we do that, at least to some extent, in the real world as well? Imagine all of the people you know in one room together!

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george
I went too far with my privacy settings. Now, even I can’t see what I’m doing!

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Maintaining privacy settings may be a little bit of a pain but your efforts will give you peace of mind – especially if you are in Gen Y and used Facebook for its original intent but you’re now integrating your professional contacts too.

Is social media creating the need to change the definition of professionalism?

The more things change, the more they stay the same. Acceptable behavior hasn’t changed. People still hold each other to pretty similar standards as before.

What is different, and Rupa said it clearly in her e-mail, is the visibility. In other words, you’re more likely to get caught, we say tongue-in-cheek!

Because of that visibility, you have to be more careful about how you portray yourself online. For instance, let's say you are having a bad day. As a professional, you wouldn’t yell out, “I hate my job,” for everyone in the office to hear.

By the same token, it might be wise not to post that sentiment on your Facebook status, especially if you have co-workers in your network of friends. If you want Facebook to be a place to share the "authentic you", and you friend co-workers and managers, then it’s best to set up some privacy settings!

Your brand image

The bottom line is to remember that you are a brand. Your brand consists of your personal life and your professional life. Social media allows you to share both sides of your life with people in a public arena. You have to control your public brand image.

Thanks so much, Rupa, for your thought-provoking questions and for giving us permission to use them!

What are your thoughts about Rupa’s questions?

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/00350-031309.mp3

Related posts

Merge Your Networking Worlds

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10 Danger Signs for Business – Part 2

danger Last time, we discussed 5 of the 10 signs that your business may be heading for trouble. All involved looking at the structure of your top line, your sales. Now we want to move on to the next five signs.

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#6 – High employee turnover

When you lose employees, customers are affected – they deal with less experienced people who don’t know your business or the customer’s needs as well as long-time employees.

There’s a concept from Harvard Business School called The Service – Profit Chain. It says that employee satisfaction leads to customer satisfaction. Customer satisfaction leads to revenue growth. And revenue growth leads to profit growth.

So the chain starts with employee satisfaction. High employee turnover is often a sign of unhappy employees. That is why this is such an important early warning sign. Plus the costs of training people so they’re fully productive are significant.

#7 – Costs rising faster than sales

Costs rise for a number of reasons. As your sales rise, so will your costs. If they don’t, why do you need that cost at all? So rising costs are expected. However, it’s a bad sign if costs are rising faster than sales. You have less and less profit on each dollar of sales.

#8 – Disproportionate purchases from one vendor.

Sign #5 was being too dependent on a single customer. We don’t want to be dependent on any vendor either. This applies not just at the enterprise level, but within product categories as well.

If you’re too dependent on any one vendor in any one category, your vendor may have too much leverage in your business. They can pass on cost increases to you that you may not be able to pass on to your customers.

So it’s important to diversify your vendor base or at least have a back-up plan for needed supplies. Maybe you still use your vendor, but you know who you would go to if need be.

#9 – Unwarranted increase in receivables

It’s great to make sales, but not if you don’t get paid! That’s worse than not making the sale at all because it costs you money to make a sale. Slow paying customers also create problems because you can’t pay your bills with receivables; you need cash!

This is one of the biggest challenges facing small businesses right now. Their customers are paying slower, which means receivables are growing. Make sure you’re the squeaky wheel – you have to keep after them, make some noise, so you stay high on the list. Consider offering a discount for early payment or, even better, change your terms to cash-on-delivery if possible. And best of all, ask for prepayment. But that’s a whole other show!

If you can’t afford to offer a discount, make sure you’re charging a late fee and notifying your customers regularly of their balance due. Get on the phone and call them. See when they will pay and then follow-up if they don’t.

#10 – Unjustifiable inventory build-up

Depending on your business, inventory may be even less liquid than receivables. First, you have to sell it; then you have to collect on the sale.

Inventory that’s not turning over is dead-weight. So if your inventory is building up too fast, your business will likely experience a cash crunch at some point. Get slow moving inventory out the door, even if you have to give it away!

How does that help, you ask? Because space is costly for any business. And shelf space is an incredible asset for retailers. Having a product sitting there as dead weight costs any business a little bit; it costs retailers a lot!

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

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Thanks so much for reading our post today. Join us next time when we ask, “Do we need to take the social out of social media?” Until then, 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/00349-031209.mp3

Related posts

10 Danger Signs for Business – Part 1

5 Marketing Strategies to Get the Most Bang for Your Buck During a Recession

The Secret to Survive and Thrive in Your Own Business

Growth: The Good, the Bad, and the Ugly

There’s Gold In Them There … Customers!

(Image in today's post by asifthebes)

10 Danger Signs for Business – Part 1

danger We’ve heard that diagnosing a medical condition early greatly increases the chances of successful treatment. The same is true for our businesses – we want to spot the minor issues so they don’t become major problems.

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Cash to a business is like blood to our bodies. It has to continue flowing or we won’t survive. As a small business owner, the bottom line is that you can’t run out of cash. So you have to know how to diagnose and treat the source of the ailment before it spreads. With that in mind, here are ten signs that your business may be heading for trouble:

#1 – Lost market share

Your sales may be growing, but your share of the market may be falling. Are they up because you’ve increased prices? Is the growth of your sales keeping pace with the growth of the markets you serve?

Market share is precious – among other things, it provides leverage to raise prices as your costs increase. As competitors enter your market, you have to work even harder to maintain (and hopefully increase) your share.

#2 – Declining customer counts

Your sales may be holding steady, but fewer and fewer people are making purchases. Your remaining customers are spending more, possibly because of price increases. There’s nothing wrong with that, but you have to find a way to attract new customers because a certain amount of customer attrition is natural.

We don’t want our customers to leave because they’re unhappy. But you can’t make everyone happy all the time so even that will happen. We’ll also have customers move away, pass away, grow out of our product or service, and the like.

#3 – Low repeat and referral business

Many businesses actually lose money to get a customer for the first-time. If they break-even, they’re very happy. It’s the follow-up purchases that make a difference to our bottom line.

A healthy percentage of repeat and referral business also shows that your product or service is still meeting the needs of a core base of people. And these people are the ones who will refer other people to you, which is much less expensive than depending totally on advertising to grow your business.

#4 – Declining sales

Right now, a lot of businesses are experiencing this. It may have nothing to do with you – it may be your industry that is experiencing trouble. So you have to ask yourself … is this a long-term trend or is it cyclical? That’s the first thing you have to determine.

Next, ask yourself, will my industry recover? Some industries were facing challenges even before this recession. It’s only accelerating the long-term trend. Other industries will do just fine coming out of it. You have to know which one applies to you.

Once you’re satisfied that your industry will survive, you have to look at your own business. A lot of shake-out is happening even in healthy industries. Isolate whether it’s a problem with your business or the industry as a whole to know your best strategy.

#5 – Disproportionate sales to a small group of customers

Picture this extreme situation – all of your sales come from one customer. You’re totally at the mercy of that customer. It’s like being an employee without the safeguards that go with employment!

Generally speaking, if more than ten percent of your sales are to one customer, you may face trouble at some point. Five percent is even better. Bigg customers are great. But serving a bigg number of customers leads to bigg success.

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

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Thank you for reading our post today. Join us next time when we talk about five more early warning signs of trouble ahead in your business. Until then, 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/00348-031109.mp3

Related posts

5 Marketing Strategies to Get the Most Bang for Your Buck During a Recession

The Secret to Survive and Thrive in Your Own Business

Growth: The Good, the Bad, and the Ugly

There’s Gold In Them There … Customers!

(Image in today's post by asifthebes)