Get Rid of Time Killers

Time Killer #1:  Most employees are in a re-active rather than a proactive mode.

Studies show only 20% of time is spent on the important activities.  80% is spent on things that get very low or NO results.  If we reverse these we can immediately get a 4 times increase in productivity.  That’s right, a 400% increase!!

Time Killer #2:  Re-reading the same information again and again without taking action.

Average business person spends 6 weeks a year re-reading the same information without taking action. This adds up to three and a half years in your career spent on something that has little or NO effect on your results.

Time Killer #3:  The “Open Door” policy.

This “Have you got a minute?” mode is the worst way to run a practice.  If anyone can interrupt anyone else anytime they want to, then the entire practice runs in a re-active mode.

Time Killer #4:  Not prioritizing your “TO DO” list.

Studies show that people who make “to do” lists will most often do the least important (or easiest) things first. The important things often get moved until they become urgent and then get done in a mad rush.

Time Killer #5:  No daily planning.

Most people only schedule appointments - not tasks or projects.  This makes it hard to focus on the important (but not yet urgent) things.

Timer Killer #6:  No system for dealing with documents and projects. 

This often leads to a messy desk and/or drawers and files.

Timer Killer #7:  No discipline for useless information. 

Most people keep and file away information only to toss it out 6 months later.

Questions - Are the key to a successful life

I love this picture and quote.  It really does say it all.  Have you ever found yourself stuck, and you keep trying the same thing over and over again and it doesn't quite work.  That has happened to me often in my personal life and business.  Sometimes, it is important to stop, and ask yourself a new set of questions and use your imagination.  Don't get stuck thinking that life is like the ABC's because in life sometimes Z actually comes before A to get you to the next step.  I find that when I don't allow myself time to stop and breath, I do not tap into my imagination/creative self.  So take time every day to be still and think about your biggest opportunities and greatest challenges.  And, when you are doing this, keep asking yourself questions that can provide you with the solutions.  My greatest successes have come when I do this.  The solutions come more quickly.

Keys to asking quality questions:

1. Be solution focused rather than focus on the problem.

2. Consult your Mastermind Group with your Opportunity or Problem.

3. Research this issue.

4. And, ask yourself if by doing this, is it going to bring you closer to your goals or not. (If not, you may consider not doing it.)

To your success,

Jesus Balderas "The Coach"

The words we choose can determine our success...

A couple of weeks ago we discussed creating multiple streams of revenue. This is such an important concept and foundation of your business. It is critical for your success. If you haven't yet figured out how to add this to your business, please get together with your mastermind group and brainstorm ideas or call me and we will sit down to determine how to create multiple streams of income as well as passive income in your business.
Today, I want to share a powerful concept that I was studying last week. Often times the thing that holds us back the most is ourselves. We are often our greatest obstacle to success. It is so important to constantly be developing oneself as a person. Read and listen to the personal growth coaches, and that will directly impact your business. In the book, Cash in a Flash, by Robert Allen and Mark Victor Hansen they discuss the power of the words we speak to ourselves and out load. Do you use positive or negative words and language? The words you choose can enable or disable you. They can energize or weaken you. They can take you to great heights or keep you in dark valleys.

They shared an exercise that I have found to be very powerful. I remember we did this exercise with my soccer team when they were 11 years old. Every time one of the kids made a mistake and started to get upset at themselves another player or one of the coaches would say CANCEL. It was amazing the impact it made over the season. This exercise is very similar. I want you to really listen to what you are saying to yourself and how you are speaking. Every time you hear yourself thinking or speaking a negative thought say SWITCH. 

And, then replace it with a positive thought. I am not saying that bad things don't happen, but I am saying that there is positive and good things in almost everything.

Let me give you some examples of positive and negative words:

Happy	Sad
Strong	Weak
Optimistic	Pessimistic
Easy	Difficult
Beautiful	Ugly

As you say the words, how do they make you feel?

Finally, let me give you an example of the SWITCH exercise in practice.

a problem	a challenge
a job that I hate	a job that I don't love
he is a real jerk	he is not a nice person
I have so much credit card debt	I had too much fun using my credit cards
Now, it's time to pay the piper	Now I have to learn to be more financially savvy.
I'm stuck in a dead end job	I'm in a place where I don't have the freedom I'd like to have.

These are just a few examples of changing your language. This can have a real impact on your outlook, your business and your relationships. Do the exercise for one week, and I'd love to hear your experiences.

Listen to this powerful song by Nina Landis, Greatest Weapon:



Committed to increasing your profits!

Multiple Streams of Income - Part 2

Last week we discussed creating multiple streams of income/revenue for you and your business. And, ultimately we want to create passive streams of income. The first stage of wealth building is to create a passive income stream that will cover all your expenses. Think about this for a minute. So often I have read books on buying property, shares, assets, or paying down debt, or increasing my income; but the first step to wealth creation is creating a passive income that will cover all your expenses. When you have done this, then you are in a position to accelerate your wealth creation. Whether you work or not, all your expenses are covered.

So, how can we create passive income streams, and really what is a passive income stream. The crux of passive income stream is that you make something once that you can sell once and get paid over and over again for the one effort. Most people have a product or service that you are required to continually resale to get paid so if they don't work they don't get paid. Are you in that situation? Here are a few ideas that lead to passive income:

• Write a book, audio recording, or video recording. (Create it once, find a vehicle to sell it and get paid for the one effort over and over again.)
• Build your business around a system, and then franchise it. (The initial franchise fees and the ongoing fees are an incredible source of passive income.)
• Direct sales or network marketing. (I know this may have a bad rap, but with the right research this is a legitimate way of creating an incredible passive income for the right person.)
• Products that are consumable and need to be purchased over and over again.
• Internet businesses that resale information. (Discover a niche that is underserviced, set up a website correctly, and you can create a cash cow.)
• Membership based services.
• Build a large sales team that you override a small percentage on the production. (Key point here is that they should not be salary based because this can kill your cashflow. Let the team get the lion's share of commission, and you take a overriding percentage for the training and support you provide.)

There are so many other ways to achieve a passive income. These are just a few to spark your creative juices. I have learned over the years that this is the most crucial step in creating a stable business. I am more than happy to sit down with you, look at your business, and make some suggestions on ways you can create a passive income stream over the next 6 - 18 months. Think about it - if you do not already have this in your business, how would it feel if you knew that every expense was covered before you even started working? 

Do you think you would be more excited, productive and effective?

Create multiple streams of revenue

The weather in Grapevine is incredible after an entire summer of 100+, isn't it? I am loving it. I want share with you an important component to building a successful business, but I want to start with two questions. 

• How many income buckets do you have? Do you have 1, 2, 3 or 10? This is an incredibly important question to ask yourself.
• And, do your income buckets require active selling to generate any revenue?

It is an important component of business for you to have multiple streams of income or multiple buckets, and some of those buckets need to generate income residually. As an exercise for you to work on, I want to ask you to spend an hour over the next week brainstorming other ways you can generate income through your clients and relationships by bringing more value to them.

Next week, I will share with you several strategies to creating multiple income buckets. And, the reason this is so important is that all markets fluctuate to a certain degree. You do not want to be held hostage by one product or service. Develop multiple streams of income starting today!

The words we choose can determine our success...

Today, I want to share a powerful concept that I was studying last week. Often times the thing that holds us back the most is ourselves. We are often our greatest obstacle to success. It is so important to constantly be developing oneself as a person. Read and listen to the personal growth coaches, and that will directly impact your business. In the book, Cash in a Flash, by Robert Allen and Mark Victor Hansen they discuss the power of the words we speak to ourselves and out load. Do you use positive or negative words and language? The words you choose can enable or disable you. They can energize or weaken you. They can take you to great heights or keep you in dark valleys.

They shared an exercise that I have found to be very powerful. I remember we did this exercise with my soccer team when they were 11 years old. Every time one of the kids made a mistake and started to get upset at themselves another player or one of the coaches would say CANCEL. It was amazing the impact it made over the season. This exercise is very similar. I want you to really listen to what you are saying to yourself and how you are speaking. Every time you hear yourself thinking or speaking a negative thought say SWITCH. 

And, then replace it with a positive thought. I am not saying that bad things don't happen, but I am saying that there is positive and good things in almost everything.

Let me give you some examples of positive and negative words:

Happy	Sad
Strong	Weak
Optimistic	Pessimistic
Easy	Difficult
Beautiful	Ugly

As you say the words, how do they make you feel?
Finally, let me give you an example of the SWITCH exercise in practice.

a problem	a challenge
a job that I hate	a job that I don't love
he is a real jerk	he is not a nice person
I have so much credit card debt	I had too much fun using my credit cards
Now, it's time to pay the piper	Now I have to learn to be more financially savvy.
I'm stuck in a dead end job	I'm in a place where I don't have the freedom I'd like to have.

These are just a few examples of changing your language. This can have a real impact on your outlook, your business and your relationships. Do the exercise for one week, and I'd love to hear your experiences.

Committed to increasing your profits,

Jesus

Take Action Today

The greatest key to success is ACTION. We can have goals, dreams, and motivation; but it is all for naught without action. Are you taking the right action to achieve your goal? Here are some activities I encourage every business owner to take:

• Set your daily plan daily
• Review your goals daily
• Spend at least 1 1/2 hours a day marketing your company
• Batch your activities together
• Read 2 - 3 books about leadership, business, sales and marketing a month
• Set goals for your employees
• Practice your sales presentation regularly
• Establish a new marketing pillar each quarter of 2011

If you have any questions on this or any other business growth matter, don't hesitate to call or email me.

Committed to increasing your profits,

Jesus

P.S. Don't forget that if you have previously attended my Life Management Workshop that you can re-attend at no cost to you. And, if you haven't attended, I'd encourage you to book your seat for my February 10th workshop, check it out.