When it comes to out-of-the-ballpark business success stories, many entrepreneurs find themselves wondering just how those businesses made it all work. Here are four key practices that have not only helped me make tens of millions of dollars over the years, but which have also supported the companies I work with in significantly driving up their profits.
1. The person who gets up the fastest wins.
The difference between an average business owner and someone who is outside-the-box successful and really able to reach their goals comes down to this: We all get knocked down, rejected and disappointed. Projects don’t work out. We lose customers. You lose a big sale. Someone on your team quits. That’s life, and that’s just part of business. What separates those who succeed in business from those who don’t is the time it takes them to recover after a setback. Those who thrive get back up quickly.
Of course you’ll feel down and disappointed sometimes, but if you want to succeed, you’ve got to keep your eye on the big picture, get back up and keep going. Some people get knocked down and then get off track for weeks, a month or even longer. If you stay focused on the big picture, you can turn things around within a week, maybe even within a day. Look at the lapsed time that it takes you between getting knocked down, getting up, brushing yourself off and getting back out there again. Minimize that time, and you’ll maximize your success.
2. Surround yourself with influencers and focus on the power of relationships.
When I started doing this, I saw a dramatic difference in the opportunities coming my way and the doors opening for me. Greek shipping magnate Aristotle Onassis was asked what he would do if he lost everything tomorrow. He said he…