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Shape Shifting Leads to Bigg Success

dog-shape-shifting.jpgLast time, we discussed the two ways to create wealth: other people’s money and other people’s labor (i.e. their time and talent). Historically, there’s been more focus on other people’s money as the lever to riches. Now, other people’s labor holds more promise.

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Today’s show extends that concept and is inspired by one of the characters from the HBO hit series, True Blood. Sam Merlotte, who owns the bar, is a shape-shifter. He can change forms – from human to dog and back.

So here’s a little behind the scenes here at Bigg Success: we often get asked how we get ideas for our shows. We’ve been thinking about this shape-shifting thing for some time as a possible fun topic. Then we saw a Harvard article about a new business strategy.

The words “a shape-shifting enterprise” leapt off the page. Voila … a show was born!

Back to the article – it discusses how many large companies are starting to outsource core activities in order to focus resources on solving customer problems.

The author postulates that the future value of companies will be the sum total of all their arrangements. Let’s emphasis that – using words we use more often here at Bigg Success – the future value of businesses, both large and small, will be in the total value of its relationships.

But a key thing to keep in mind is that businesses don’t have relationships; it’s the people in those businesses who have relationships.

You may have a relationship with a customer who has a problem. How many other customers like this customer have the same problem? With how many do you have relationships?

Once you’ve identified that, who in your network can best solve that problem? By becoming the customer’s go-to person (or company) – by delivering the right product or service at the right time for the right price, you’ll create value for your business.

The Harvard article we talked about references a Fortune article about how Chinese and Indian companies are structuring themselves. The answer: they’re positioning themselves to be shape-shifters!

Shape-shifting is a key for us, as entrepreneurs, to survive and thrive in all economic conditions. It extends well beyond outsourcing. It’s an even deeper relationship, which will create more opportunities for small businesses to work with large companies.

To become a shape-shifter:

Watch your operating leverage. The more fixed costs your business has relative to its total costs, the greater your degree of operating leverage. Just like with financial leverage, higher operating leverage can work against us if things take a downturn.

That’s one of the secrets to being able to be a shape-shifter. If you keep your fixed costs low, you can quickly maneuver your organization to take advantage of opportunities that may present themselves.

Seek out strategic alliances. Explore opportunities to collaborate or joint venture with other people and organizations. The do-it-all-yourself mindset is so yesterday. Focus on what you do best and work with people doing what they do best. This is another key to shape-shifting.

Work with anyone and everyone where it’s mutually beneficial, including your competitors. You may find ways to do more together than either of you can do on your own.

Sometimes you may take the lead; sometimes they may take it. You don’t care. You’re shape-shifting yourself to bigg success!

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We thank you so much for reading our post today. Please join us next time when we’re “getting to know you.” 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/00417-061609.mp3

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(Image in today's post by wundel)

Profitable Passions – Part 2

career_renegade Today, we continue our conversation with Jonathan Fields, author of the great new book Career Renegade: How to Make a Great Living Doing What You Love.

Last time, Jonathan discussed why it’s so important, especially in tough times like these, to understand how to operate online because it’s an inexpensive way to swap work for money. Let’s get back to the conversation …

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georgeJonathan, I believe that really good entrepreneurs are masters at minimizing risk. I think one of the great secrets of being online is that you can test concepts with a relatively small amount of money compared to what it used to cost us in the real world. You find out fairly quickly whether or not that concept can get traction. If it doesn’t, you move on. If it does, you keep funding it.

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jonathanThat’s such a great observation. We were talking briefly before we started recording. You said that it seems like everything I do is a success. And I said, “No, everything that lasts that I do is a success.”

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Test, listen, adapt

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marylynnBecause you have two successful blogs, you have this book and then you have best yoga center in New York? You have the magic touch.

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jonathanI do a lot of different things. I’ve had failures offline and I’ve had failures online. I will continue to have many more failures in both worlds. I can tell you, hands down, that I have lost so much less money in my online failures. I’m able to jump back in to the next adventure in the blink of an eye online. Whereas when something goes wrong offline, you have a substantial amount more money, overhead or time invested in it. Everything is recoverable in my mind, but it takes longer. It may take months or years. In the online world, I’m sort of off and running. I have tried and failed online too many times to count, but that’s just part of being an entrepreneur. You’re constantly testing. The ability to listen and adapt are critical to survival, whether you’re online or offline.

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Getting started online

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marylynnSo for our audience, Jonathan – they may be thinking, “This sounds interesting. I may like to explore this online world. But I have no idea how to build a web site. I have no idea how to get started with an online business.” What would be some critical, career renegade, first steps for someone like that?

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jonathan
Step 1 – Buy my book!

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marylynn
Ha-ha, good suggestion! Does your book help walk people through that?

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jonathanIt’s interesting. When I started writing this book, I didn’t intend for it to have so much online advice, but it turned into a massive encyclopedia of references answering that question. So, if you’re interested in blogging, starting an information business, or figuring out how to turn your knowledge into a revenue stream – not just little products but real businesses – the book offers a ton of information. It also offers a ton of links and resources to other places where you can go a lot deeper because I don’t believe any one book is capable of covering the entire space. Beyond that, though, there is so much free information when you start to explore the blogosphere. I would start out with an idea, with what interests you. Search on it. Find the blogs where people write on a regular basis. To me, one of the critical things for almost anybody who is trying to build a reputation as a leader in any field is blogging. That’s something you can leverage into working for someone else or starting your own business. To me, it’s an amazing way to position yourself as the go-to person in your field of interest in an astonishingly short period of time. Anybody can start a blog, probably in less than an hour, and it costs almost nothing to do.

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georgeI became a renegade because I couldn’t find anybody to pay me what I thought I was worth. Then I found out I couldn’t afford to pay myself what I thought I was worth. What do you do about that? I had to adjust the value a little bit, but over time it’s been just fine!

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A very special offer

Jonathan amazed us with a special offer for you. He’s put together a sixteen-hour video training course called Career Renegade Flight School. You could expect to pay $1,000 for similar programs. He’s giving it away for a short while with proof that you’ve purchased his book. Go to Career Renegade to learn more.

Thanks, Jonathan, for the great advice!

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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!

___

Thanks so much for stopping by our site today. Next time we ask, “Is your idea worth your money?” 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/00320-013009.mp3

Related posts

Profitable Passions – Part 1

Seth Godin on Tribes: Part I

Freedom Or Security – Which Do You Choose?

(Image in today's post by Career Renegade)

Do You Make Your Friends Happy?

happy_people A recent study of happiness showed that the birds you flock with make a bigg difference. Nicholas Christaskis with the Harvard Medical School and James Fowler from the University of California at San Diego found that the more connections you have with happy people, the more likely you are to be happy.

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It cuts both ways

They likened it to a quilt. If the person in the patch next to you is unhappy, it increases the likelihood that you’ll also be happy by seven percent.

If the person next to you is happy, it increases the odds that you’ll be happy by fifteen percent. It’s interesting to note that we seem to have some resilience to unhappy people since happy people tend to rub off twice as often as unhappy people.

But the good news is that is doesn’t stop there. If the person who knows the person next to you (i.e. the person two patches away) is happy, the probability that you’ll also be happy increases ten percent. So happy people one step removed still increases the odds that you’ll be happy more than that unhappy person next to you!

In a quest to find out how happy we could be once we get to Kevin Bacon’s patch (six patches of separation) on the quilt, the researchers found that if the person three blocks away is happy, your chances of being happy increase six percent.
Happiness is contagious!

4 questions to discover if you spread happiness

To determine if someone was happy, the researchers asked four questions. During the past week, how often …

  1. Did you enjoy life?
  2. Were you happy?
  3. Did you feel hopeful about the future?
  4. Did you feel that you were just as good as other people?

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marylynnI feel blessed because I have positive responses to each and every one of these questions. I guess I’m a happy person.

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georgeI think I’m a happy person as well. In fact, if I remember right, I was voted the “Happiest” person in high school! But when I look closely at these questions, it makes me think. Like the first question … I enjoy my life, but how often do I stop and recognize it?

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This study was released recently, but imagine how you might have responded if you were asked the third question at the height of the financial crisis. Uncertainty creates fear, but as these questions show, it’s important to remain optimistic in any environment. That’s where happy people come in – they’ll help you have a brighter outlook no matter what the situation!

There’s one more benefit to hanging out with happy people. The researchers reference a study done in 1984 that showed that having an extra $5,000 increased a person's chances of being happy by about two percent. Based on those results and the results of this study, the researchers conclude that a happy friend is worth $20,000!

They say a happy friend is worth $20,000. We’ll borrow from MasterCard – we think having a happy friend is … priceless!

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The Bigg Success Weekly may not be priceless, but it is FREE!
Subscribe today to get the tips and tools you need to be a bigg success!

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We really appreciate you checking in with us today. Join us next time when we discuss the three categories of spending. Keeping them in mind will keep your budget in line! 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/00285-121208.mp3

Related posts

Two Proven Keys to Happiness

(Image in today's post by merala)

How to Know if You’re Persistent or Stubborn

balancingToday’s discussion was inspired by a great post on the pitfalls of persistence, written by Michael Bailey of Mobasoft.

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george When Mary-Lynn first started brought this post up, I thought she was asking me if she was persistent … or stubborn. Now I do have an opinion on that!

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marylynn I have an opinion on George, too … so we decided to keep our opinions to ourselves.

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Michael asks if there is a difference between persistence and perseverance.

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marylynn I think there is – if things are working the way that you want them to, you have to be persistent with what’s making things work to persevere. Now, if things aren’t working out the way you want them to, then you have to change your course to persevere. So you can’t be persistent in the wrong thing.

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georgeI think it’s a matter of semantics. As a matter of fact, they are synonyms. I can respect the fine line that Mary-Lynn is drawing. But I’m going to be stubborn and stick with my original comment – they are one and the same.

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marylynn See, George just admitted that he’s stubborn! I agree that if you look it up, they are synonyms. But I equate persistence with action and perseverance with a destination.

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georgeSee how stubborn Mary-Lynn can be! And I was being persistent before. Mary-Lynn’s last comment is consistent with Seth Godin’s definition. Only he uses the word “persistence” instead of “perseverance.” He said, “Persistence isn’t using the same tactics over and over. That’s just annoying. Persistence is having the same goal over and over.”

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marylynn That’s interesting. Here’s an example – when I was in radio, I was very persistent about doing whatever I could to grow as a broadcaster.

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georgeSome might call it stubborn.

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marylynn But I got to the point, with my job, where I knew I couldn’t persevere. I had gone as far as it could take me. So I decided to walk away and start Bigg Success with George – I can still persist, grow, and learn more things, plus I can persevere on my own terms.

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One of the definitions of persistence, straight from Merriam-Webster’s Online Dictionary, is stubbornness. If you keep running into a wall, you have to ask yourself if you’re being persistent or stubborn. Michael refers to it as “blind persistence.”

2 questions to ask with your end goal in mind

  • Am I doing the wrong thing?
    If this is the case, persisting is just plain stubbornness. Of course, it’s not always that clear-cut. You may have invested a lot of time and money into a project, a direction, or a business. But it’s not working. You don’t want to give up so you just keep trying. Try to determine if it can work by honestly assessing why it’s not working. 
  • Am I doing the right thing in the wrong way?
    You may be doing the right things to reach your end goal, but you haven’t mastered the right techniques to advance toward your goal. In this case, you must persist … but change your methods.What do you think?

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed. 

Related posts

The One Ingredient That Guarantees Your Success

Abandon Ship! 

(Image by stevefaeembra,CC 2.0)

How to Know if You're Persistent or Stubborn

balancingToday’s discussion was inspired by a great post on the pitfalls of persistence, written by Michael Bailey of Mobasoft.

.

.

.

george When Mary-Lynn first started brought this post up, I thought she was asking me if she was persistent … or stubborn. Now I do have an opinion on that!

.

marylynn I have an opinion on George, too … so we decided to keep our opinions to ourselves.

.

.

Michael asks if there is a difference between persistence and perseverance.

.

marylynn I think there is – if things are working the way that you want them to, you have to be persistent with what’s making things work to persevere. Now, if things aren’t working out the way you want them to, then you have to change your course to persevere. So you can’t be persistent in the wrong thing.

.

georgeI think it’s a matter of semantics. As a matter of fact, they are synonyms. I can respect the fine line that Mary-Lynn is drawing. But I’m going to be stubborn and stick with my original comment – they are one and the same.

.

marylynn See, George just admitted that he’s stubborn! I agree that if you look it up, they are synonyms. But I equate persistence with action and perseverance with a destination.

.

georgeSee how stubborn Mary-Lynn can be! And I was being persistent before. Mary-Lynn’s last comment is consistent with Seth Godin’s definition. Only he uses the word “persistence” instead of “perseverance.” He said, “Persistence isn’t using the same tactics over and over. That’s just annoying. Persistence is having the same goal over and over.”

.

marylynn That’s interesting. Here’s an example – when I was in radio, I was very persistent about doing whatever I could to grow as a broadcaster.

.

georgeSome might call it stubborn.

.

.

marylynn But I got to the point, with my job, where I knew I couldn’t persevere. I had gone as far as it could take me. So I decided to walk away and start Bigg Success with George – I can still persist, grow, and learn more things, plus I can persevere on my own terms.

.

One of the definitions of persistence, straight from Merriam-Webster’s Online Dictionary, is stubbornness. If you keep running into a wall, you have to ask yourself if you’re being persistent or stubborn. Michael refers to it as “blind persistence.”

2 questions to ask with your end goal in mind

  • Am I doing the wrong thing?
    If this is the case, persisting is just plain stubbornness. Of course, it’s not always that clear-cut. You may have invested a lot of time and money into a project, a direction, or a business. But it’s not working. You don’t want to give up so you just keep trying. Try to determine if it can work by honestly assessing why it’s not working. 
  • Am I doing the right thing in the wrong way?
    You may be doing the right things to reach your end goal, but you haven’t mastered the right techniques to advance toward your goal. In this case, you must persist … but change your methods.What do you think?

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed. 

Related posts

The One Ingredient That Guarantees Your Success

Abandon Ship! 

(Image by stevefaeembra,CC 2.0)