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Posts Tagged ‘Applying Proven Entrepreneurial Methods to Achieve Success in Every Day Life’

Part 2 – Goal Setting – Answering the “Why” question

Tuesday, January 18th, 2011

In my last blog, I covered the first step to goal setting with the concept of “painting the picture”.  Once you’ve identified your goal and specifically defined it, the next step involves asking why this goal is important to you.  This is one of the most important steps in the entire process, because once you know why you are doing something, you will do whatever it takes to figure out how to accomplish it.  Answering the why question is essential to defining the importance of the particular goal.

If I have a goal of eating healthy and exercising on a regular basis, then I have to know why this goal is important.  Am I setting this goal, because I somehow think it’s what I’m supposed to do?  I might say to myself, “I guess I should be healthy.  Everyone lists that as important, so I guess it should be important to me as well.”  That answer is not an effective “why” answer.

Instead, you need to really define why this goal is so important.  I’ll give you an example.  Health is an important goal for me.  Unfortunately my family struggles with high cholesterol and high blood pressure.  I’ve had several family members suffer from heart attacks at very young ages.

My health is directly tied to my family.  I want to be healthy because I want to live to see my children grow up and have children of their own.  I not only want to be alive, but I want to enjoy it.  I don’t want to be confined to a hospital bed or medical equipment.  I also want to have more energy in my life now.  I have a lot of worthy goals that I’m excited about pursuing, but I can’t do that if I have limited energy and I’m out of shape.

Do you see how I’ve answered the why question?  I’ve given very specific reasons that are important to me.  Answering the why question is one of the greatest secrets to accomplishing great goals. You may have practiced this principle in your own life without even realizing it.

Many years ago, my uncle was in terrible shape.  He ate terrible foods, never exercised, smoked, drank, and he rarely saw the doctor.    In his early 40’s, he had a massive heart attack.  Fortunately he survived, but his life was changed forever.

Once he recovered and was out of the hospital, my uncle was a changed man.  He changed his entire diet.  He started exercising every day.  He quit smoking and drinking, and he never missed regular check-ups with his doctor.  He lost an enormous amount of weight.  He looked great, and you would have never guessed he was so out of shape a few years before.

So what happened to my uncle?  I’ll break it down for you.  He answered the why question.  His goal was to get healthy, but the key to his success was that he knew why.  Once you know why, you’ll do everything you can to figure out how.  Do you see the power of this principle?  Answer the why question, and you’ve got 80% of the goal setting process accomplished to do great things.

Learn Several Powerful Strategies to Goal Setting (Part 1)

Wednesday, December 8th, 2010

Goal setting can be an invaluable exercise that can literally revolutionize your life for the good.  Most of the great entrepreneurs who have accomplished amazing things have been extremely effective at setting goals.  While goal setting is important, it’s effectiveness can increase exponentially if you practice the steps that I will be outlining in the next several blog posts.  You are about to learn several of the great secrets to effective goal setting.

The first step in the goal setting process is getting specific.  It is imperative that you specifically define what your goal is.  Generic goals are ineffective, because they fail to identify what you are really trying to accomplish.  For example, you might have a goal to be healthy.  If that is as specific as you get, then you really haven’t defined it.  What does healthy mean, especially to you?  A better goal would be, “I am going to increase my health by lowering my blood pressure and cholesterol to xyz levels, and I am going to lose 15 pounds.  You might have a goal to become rich.  Again, this is a very generic goal.  Instead, you could have the following goal, “I will become debt free by paying off my house, car, credit card balance and student loan”.

The specifics outline exactly what you are talking about, and this step forces you to really think about what you want to achieve.

Once you’ve specifically outlined the goal, then you need to burn the image of that goal into your brain by using the strategy of “painting the picture”.  Most people are visual, and it’s amazing how powerful a picture can be.  Imagine you are planning a vacation to Hawaii, and you are trying to select which resort you will stay at.  Would you rather have a written description of the resort or pictures?  While the description is very important to identify the amenities, etc., the pictures are what move you emotionally.

You need to visualize exactly what accomplishing your goal would mean to you.  It’s critical to see it in your mind as if it has already been achieved.  Meditate for a moment on the completion of the goal.  What does it feel like?  Can you see it?  Can you taste it?  Imagine the rush of accomplishing this goal.  Now find a picture that represents the goal.  It can be something cut from a magazine or a picture that you have taken.  This picture should instantly take your mind to the place of accomplishment.  If you have a goal to spend better quality time with your children, then you might consider using a picture of you playing with your children.

Finally, you need to place your picture and goal in a place that you will see it every day.  The daily reminder and visual impact of the goal will keep your focus on the task at hand.  Many people will set goals and then quickly forget in the busyness of their lives.  Painting the picture by itself is not enough.  You have to look at that picture on a daily basis, so that you start internalize the value and importance of the goal.  In the process of reviewing and visualizing your goal, you will start to focus.  Focus is the secret ingredient that actualizes the efficacy of the goal setting process.  As you continually focus on the goal at hand, your mind will commence a process of determining how to achieve it.  In the next blog, we will cover the next essential step – answering the why question, and you will be further equipped to go out and do great things.

Learn the secret to asking powerful questions

Saturday, November 13th, 2010

The questions that you ask yourself on a regular basis can have a profound effect on you.  You are always asking yourself questions, whether you know it or not.  In every situation, your brain is using questions to evaluate what’s happening.  Think about this for a moment and see if it is true.  If you are in a dangerous situation, what are you saying to yourself?  Am I going to be alright?  Should I run?  Should I fight?  What’s going to happen next?

As we ask ourselves questions, our brain operates like a super human computer designed to deliver an answer.  God provided us with this mechanism, and it is the means for how we evaluate things.

We use questions to evaluate situations and circumstances.  The problem is when we start asking ourselves bad questions that inflict damage instead of empowering us.

You might be asking yourself questions like the following:

-Why do I always screw everything up?

-Why do people hate me?

-Why am I so stupid?

-Why can’t I be successful?

As you ask yourself these disempowering questions, your brain is programmed to deliver answers.  Of course you will not receive very empowering answers when you are asking questions like the ones above.  If you ask the wrong question, you get the wrong answer.  Many of these limiting questions carry an implied meaning in the very nature of the question itself.

For example, “why do people hate me?” presupposes that people hate you.  You have already assumed that people hate you.   You are now simply asking why that is the case.  That’s a terrible question to ask.  Your brain may provide an answer that’s damaging, because it’s presupposing that people hate you and there must be a reason for it.

I challenge you to start asking empowering questions.  If you ask yourself the right question, your brain will go to work and provide an answer.  A powerful, creative question will yield a powerful, creative answer.

For example, instead of asking why people hate you, you could ask the following questions:

-What things could I be doing to make new friends?

-What can I do to be a better friend?

-How can I become a person that attracts good friends?

Think about those questions for a moment.  Do you see the difference?  These questions have the potential to empower you and put your mind in a position to provide an answer that gives you real options.  Your brain will go to work and it will provide answers that you never thought possible.

Take a moment and list three questions that you are asking yourself right now that are disempowering.  Once you list those questions, I want you to determine how those questions are affecting you?  How are they limiting you?  How are they damaging you?

Now I would like you to create three questions that will empower you.  Once you create these questions, I want you to start asking yourself these questions every day.

Below are some examples of great questions that you could be asking yourself:

-How can I build my relationship with God in a way that is exciting and fresh?

-What can I do to become a better husband/wife/father/mother/friend?

-What can I do to get into shape and also have fun at the same time?

-What things could I be doing to be a more effective employee/manager/boss/entrepreneur?

-What things could I start doing to enjoy the process of learning?

-How could I change my life to become more disciplined and hard-working while still being   spontaneous and exciting?

Now it’s your turn.  Start creating amazing and powerful questions that you can ask yourself.  Remember that the more creative questions will yield the most creative results. I have personally found this process to be surprising.  My mind has generated some amazing responses to some well-designed questions.  I use this process on a regular basis in my businesses.  As an entrepreneur, you have to create options and solutions that are outside the box of conventional thinking.  Why not use this same approach in your personal life?  It will create an environment for you to do great things.

Learn one of the best kept secrets to success – delayed gratification

Saturday, October 30th, 2010

One common thread among great entrepreneurs and successful people is the idea of delayed gratification.  Delayed gratification means that you are willing to make a sacrifice now for something great in the future.  Unfortunately in today’s “fast food” society, we want everything now, not later.  As a result, future opportunities are short circuited and squandered away.

The best example of delayed gratification is revealed in a study known as The Stanford Marshmallow Study”.  Michael Mischel, a Stanford psychology researcher, performed a study that began in the 1960s with four year olds and marshmallows.  Four year old children were given one marshmallow.  Did I mention that these children were also very hungry?  The children were given two options.  They could eat the one marshmallow now or if they waited for 15 or so minutes until the researcher returned, they could have a second marshmallow only if they did not eat the first one.

This study revealed some very interesting results.  About one-third of the children devoured the marshmallow as soon as the researcher left the room.  Other children were able to wait a little longer before succumbing to the pressure.  The remaining one-third of the children waited 15 minutes or longer until the researcher returned without eating their one marshmallow.  The longer term results of this study are very telling.

The children that were able to view the longer term gain of two marshmallows while enduring the immediate pain of not eating the one marshmallow in front of them in the heat of the moment went on to experience a greater amount of success in their lives.

After the children graduated high school, the group that waited for the second marshmallow was more positive, self-motivating, and persistent in the face of trials and so on.  These children had the habits of successful people and those habits translated into better health, higher salaries, and better marriages.

Which group do you fall into right now?  If you are currently devouring your marshmallows the second they hit your plate, there’s good news.  You have the ability to alter your approach in this area of your life, but it involves sacrifice.  Sacrifice is a word that makes most people cringe, but I promise you that with great sacrifice, there is great reward.

Take a few minutes and identify two areas in your life where you lack discipline, and then ask yourself what needs to change.  Are you spending more money than you make right now?  Are you watching television in the evenings instead of spending quality time with your spouse or children?  Are you not giving your employer or business everything you’ve got when you’re at work?  Are you spending time reading the bible and praying?  Is the treadmill getting lonely at your house?  Think about it for a moment.  Once you identify those two areas that need to change, then go and do it.  Don’t worry about making big changes at first.  Start small and build incrementally.

The great entrepreneurs almost always delay present benefits for a future benefit by committing to hard work now.  Learn from them, and apply this principle in your own life.  Take action today.  Delay gratification.  Procrastinate on another day.  Step up and make it happen.  You will position yourself to do great things in the future, and the gratification will eventually come.  Trust me.

The Beginning of Great Things

Friday, October 22nd, 2010

I’ve always wondered what it would be like to do “great things”.  I’ve watched countless history channel specials and biography broadcasts of famous people in history who have done what the world generally considers as “great things”.  I’ve always admired the great founding fathers of the United States like George Washington, Benjamin Franklin, Thomas Jefferson, Alexander Hamilton, James Madison, John Adams, etc.  I’m amazed at the incredible accomplishments of these great leaders in addition to the countless others who fought for and established the great nation of the United States.

I am also inspired by the great accomplishments of the people who have changed our world with their intelligence, talent, bravery, leadership, sacrifice, hard work, wisdom and resolve.  I think of Mother Teresa, Thomas Edison, Albert Einstein, Harriet Tubman, Neil Armstrong, Elvis Presley, Warren Buffett, Billy Graham, Babe Ruth, Sir Isaac Newton, Winston Churchill, Charles Lindbergh, Helen Keller, Martin Luther, Martin Luther King, Jr., Henry Ford, etc.  How’s that for a list of amazing people?

Why are we so intrigued and obsessed with those who have done great things?  What is it about these amazing accomplishments that we find so fascinating?  Perhaps there is a desire in each one of us that longs for greatness, something deep within our soul.

Have you ever considered your own capacity for great things?  Do you believe you have the potential, ability and will to capitalize on life’s opportunities in order to fulfill your purpose?

Let me ask you another question…  If you could go do whatever your heart was designed to do with complete fulfillment, excitement, passion and adventure without the possibility of failing, would you do it?  If your answer is yes, but the concept is not reality in your life, then it’s time rethink some things.

The culture today has twisted the definition of great things.  The world says great things have more to do with fame, fortune, self-gratification, accumulation of things, power and popularity.  Although fame and fortune and power are not inherently bad, they are completely irrelevant to authentic great things.  In many cases, they are simply distractions to what’s really important.

Today I challenge you answer this one question.  If there was one thing that you could do consistently well that would have the greatest impact on your life, what would it be?  Ponder that question for a while and then answer it.

Once you’ve answered the question, make it your goal this week to put it into practice.  You will be starting down the pathway to great things.

How to define what’s really important

Thursday, October 7th, 2010

In my last blog, I feel like I may have left you hanging. Maybe you could identify with the idea of living a life without a mission or purpose or direction. Never confuse busyness with authentic purpose. In this blog, you are going to need to use your imagination. I want you to imagine that you only have one year to live. I know this isn’t something we like to think about or talk about, but it is necessary to get your mind focused on what’s really important.

I want you to imagine that you have just been notified that you’ve got one year, 12 months, 365 days. The clock starts right now. Don’t worry about saying good bye to loved ones or getting a will in place. Let’s assume that’s all done. Just focus on how you will live for the next 365 days. Take some time and answer the following questions the best way that you can.

• Who will you spend your time with? Why?
• How will you spend your time with the ones you’ve chosen to be with?
• Is there anything you need to work out with God?
• Are there any big decisions that need to be made?
• Is there anything you’ve been putting off that you need to take action on?
• Is there anyone you need to apologize to?
• What legacy are you going to leave?
• What’s important now that wasn’t important before? Why?
• What do you worry about?
• What were you worrying about before that you are not worrying about now?
• Is there anything you haven’t done that you would like to do?
• Is there anything that you’ve been doing that needs to stop?
• Do you have any regrets? What are they?
• What are you most excited about?
• What do you want people to say about you in 12 months?
• What do you want people to know?

I hope you found this exercise enlightening. My hope is that your mind is really turning about the big things of life right now. Let me ask you this. Are you going to do anything different? Has anything changed in your life? If so, I want you to start writing it down immediately. Don’t wait for tomorrow or another minute. Write down the top 5 things that need to change in your life right now. Do not hesitate. Write them down.

Once you’ve written those things down, you are well on your way to defining your top priorities. The approach that you just took should have cut right to the chase. We want to get to the top priorities and not waste any time with things that don’t matter. You are beginning the process of doing great things.

Where am I going?

Thursday, October 7th, 2010

When I was a junior in high school, my family and I took a trip to a lake in Indiana for a week of water skiing and fun. I brought a friend with me, and we took two cars. My parents and my brother were in one car, and my friend and I were in the other. I only had my driver’s license for about 9 months, so I was not accustomed to reading maps and watching for landmarks.

I just followed my dad all the way. When my dad exited off for gas, I followed him. When it was time to stop and eat, I followed him to the restaurant. I didn’t even know the name of the place that we were going or the name of the lake or town that we were heading to. I just knew it was a lake in Indiana.
When we were within an hour or so of our final destination, something happened. I don’t even remember exactly how it happened, but I lost my dad. One minute we were right behind him, and the next minute he was gone. My friend and I were probably having some deep conversation about music or cars or something that high school boys tend to talk about, but somehow I found myself with no-one to follow.

To compound the problem, we were now on a back road, off the main interstate. I felt like Lightning McQueen from the movie Cars. This was my status:
• I didn’t know where we were
• I had no idea where we were going to
• I didn’t have a map (navigation systems had not been invented yet)
• There was no cell phone
• I had never been in the area we were driving in
• There were no gas stations or places of business to stop at
• We had no game plan

Have you ever been in that situation before? I didn’t know if we should just pull over or keep driving or try to find some place to stop. It was total confusion. There was no way to communicate, and it was a guessing game. Even if I stopped for directions, what would I say? Can you help me get somewhere? I don’t really know where it is, but I sure could use some help.

Maybe you’ve never experienced a situation like that on a trip, but let me tell you something. There are millions of people living that situation out every day in their personal lives. They started off by following someone, probably their parents. There wasn’t a need to really do much thinking or planning, because those things were done for them on a daily basis. Maybe they went to college or perhaps they started a job out of high school. Maybe they never finished high school, or maybe they got one degree after another for years and years.

And then something happened. They realized they had no idea where they were, where they were going, how to communicate and no game plan of any kind. When you don’t have a target destination, then what do you do? You can take action, but what action do you take?

Most people take some type of action, regardless of the result. Action makes us feel that we are in control. It gives us a false sense of accomplishment. The problem is that action without a plan is simply aimless busyness.

In subsequent posts, I will detail a plan for creating a mission for your life, and you will be well on your way to doing great things.

Taking the risk out of risk

Thursday, October 7th, 2010

“Do you want to be safe and good, or do you want to take a chance and be great?” – Jimmy Johnson, Dallas Cowboys Coach.

I think deep down there’s a part of every one of us that wants to throw caution to the wind and take a chance on being great. In theory it’s a great idea, but in reality, it means you would have to actually take the risk.

In my last blog, we walked through how to minimize risk, assess all the options, and maximize opportunity utilizing an entrepreneurial process. As your level of understanding and awareness around a particular situation increases, the potential to make a better and more creative decision increases exponentially. However, risk will always be present. I don’t care how thorough and complete your analysis may be, you are still facing some level of risk.

Let me present an additional approach to consider in parallel to the risk analysis approach presented in the last blog. In every situation, you can usually find someone who’s had some level of experience in a situation similar to yours. That kind of knowledge can be priceless, but it’s never perfect. Every situation is different and every person is unique, but there is one constant in the entire universe – God.

If there is a God and He created you, then don’t you think He would have the exact solution for your particular situation? Think about it for a moment. If God is all-knowing (and I know that He is), then He knows exactly how things are going to turn out.

As you analyze a particular situation or decision, take some time to consult the creator of the universe. It doesn’t mean things will be easy or perfect, but usually the great things aren’t easy. In the bible it says, “If any of you lacks wisdom, he should ask God, who gives generously to all without finding fault, and it will be given to him. But when he asks, he must believe and not doubt, because he who doubts is like a wave of the sea, blown and tossed by the wind” (James 1:5-6).

I believe that if you take the entrepreneurial approach of assessing risk, and you begin trusting God for His best direction in your life and situation, you will put yourself in a position to do great things.

Secrets to Reducing Risk

Thursday, October 7th, 2010

As an entrepreneur, I’ve learned that risk assessment is an extremely important skill set. Before jumping into a new venture, you have to weigh all the risks and compare those to the potential benefits. You then have to evaluate the probability of those risks, and then do the really hard part – make a decision. I’ve also learned that risk assessment is just as important in our personal lives. Think about the big questions you’ve had to consider in your own life for just a moment:

• What am I going to choose to believe as it relates to God?
• Who am I going to marry?
• Where will I go to school?
• Should I take the new job in a different state and move my family?
• How do I handle the specific problem my child is facing?
• Should I sell the house and consolidate my debt?
• Do I retire now or work a couple more years?
• Etc., Etc.

In “every day life”, we are faced with decisions that must be made one way or the other. Choosing to delay a decision is in most cases the same as making a decision. As you evaluate the components of a decision, you must consider the risks and the probability of those risks. We can learn a great deal from how entrepreneurs evaluate risk.

Risk Assessment starts first with identifying all the things that could go wrong. I usually try to focus on the top 3 things that could go wrong as a result of the potential decision I’m about to make. Once I’ve identified those top 3 potential items, I then put my own percentage of probability that they will happen. I have found in my own life that I tend to fear those things that are really not that probable, and I’ll bet you do the same.

As you assess the downsides of making a decision, you must also assess the downside of not making the decision. For example, if I choose to not pursue an advanced degree, what might be the risk for my career over the next 10 years?

Upon completing your assessment of the risks, you must now list the top 3 benefits of your potential decision. What are you getting by making this move or action? You should also list the top 3 benefits of a “no-go” decision.

Once you’ve had the opportunity to look at every angle of your potential decision (top 3 benefits of a yes and a no, top 3 negative outcomes of a yes and a no), you need to do a creative alternatives list. This is an area of risk assessment that many people rarely consider. As a person confronts a decision point in their life, they become so locked on that particular situation, that other alternatives are never considered.

Imagine that you are looking for a new house. Let’s suppose you only look at one house, and it has a lot of potential. As you start evaluating if this is the right home, wouldn’t you continue to look at other homes on the market? Why would you limit yourself to only seeing one house?

Unfortunately many people make the mistake of closing off their mind to the idea of multiple options. It could be that the perfect solution is one that you haven’t considered yet. As an entrepreneur, I have limited capital, resources and time, so as I assess the risk of a potential business, I also have to consider other opportunities that might yield higher results with less risk.

Have you ever heard the term, “higher risk; higher rewards”? Well, this isn’t always the case. I have evaluated several opportunities that were high in risk without much upside potential. In your personal life, the same can be true, and that is why you must take the time and effort to do a proper evaluation.

The final component to your risk analysis should include this one question. “Is there anything that I can do to reduce the risk of this potential decision?” The answer may be no, but it could be that your creative thinking might just develop an alternative that could really be interesting.

Once you’ve evaluated the risks, the probability, benefits of both sides, considered all the potential options and you’ve considered how to reduce the risk, you will be equipped to do great things. In the next blog, I will reveal a great secret to taking the risk out of risk.

Aaron’s new book, Do Great Things, will be coming in the Spring of 2011

Monday, September 13th, 2010

Aaron Broyles has a new book coming in the Spring of 2011 titled Do Great Things:  Applying Proven Entrepreneurial Methods to Achieve Success in Every Day Life.

Aaron has spent over a decade of research studying the attributes of the world’s most successful entrepreneurs.  He has compiled these findings and coupled them with Christian principles in a powerful formula for achieving great things in one’s personal life.

Great entrepreneurs go where others fear to go.  They analyze risk, think outside the normal parameters of what’s believed to be possible, set and accomplish great goals, create vision, inspire confidence and they get things done.  Entrepreneurs have an almost mysterious ability to achieve amazing things.  Imagine taking these incredible attributes and putting them to work in your personal life.

The book is sure to be an awakening of great things.  Stay tuned for further details on where you can purchase the book!