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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!

 

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)

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Profitable Passions – Part 2

Career Renegade book cover

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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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!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00285-121208.mp3

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(Image in today's post by merala)

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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?

 

 

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(Image by stevefaeembra,CC 2.0)

BIGG Success Logo boxed

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?

 

 

Related posts

166]

167] 

(Image by stevefaeembra,CC 2.0)