The most common metaphor you hear when talking about emotions is ‘weather’. And it’s a good metaphor because our emotions do, just like the weather, come and go.

The key is that people mistake thoughts for feelings. And so rather than disciplining their thoughts, they try to discipline their feelings – force them into narrow band centred around happiness, bliss and contentment.

Today I want to talk to you about an idea – no – a philosophy, which if you adopt will make an incredible difference inside your business. You’ve heard of it for sure – but you might not be applying it to your own business with enough intensity.

It’s the Concept of Kaizen.

Kaizen, a Japanese term, also known as continuous improvement, is a long-term approach to work that systematically seeks to achieve small, incremental changes in processes in order to improve efficiency and quality.

You can’t be a successful Entrepreneur of any size business if you have a ‘Give-Me’ or ‘Owe-Me’ mindset like that of an Employee.

Likewise, you will need to focus your thinking and think about what you are thinking about. You become what you think about… so be a positive thinker.

“If you’re not a risk taker, you should get the hell out of business.”
~ Ray Kroc, McDonald’s founder

One of my business mentors is a guy called Charlie Munger. He’s Warren Buffett‘s business partner, a fellow billionaire, and one of the smartest people on the planet.

Warren Buffet's friend- Billionaire Charlie MungerA cornerstone to his success has been looking for problems before they become problems and doing everything he can to avoid them.

His exact words: “Invert, always invert: Turn a situation or problem upside down. Look at it backward. What happens if all our plans go wrong? Where don’t we want to go, and how do you get there?

Instead of looking for success, make a list of how to fail instead – through sloth, envy, resentment, self-pity, entitlement, all the mental habits of self-defeat. Avoid these qualities and you will succeed.

Tell me where I’m going to die, that is, so I don’t go there.”

Most of the problems you’ll face in business will be internal problems.

I forget who said this, but someone once told me most businesses don’t die due to starvation – they die due to indigestion.

They make unforced errors – like mismanaging cashflow. Or hiring the wrong person. Or ignoring a customer complaint, which turns into a legal issue. Or having a lagging fulfilment process that can’t keep up with sales, etc.

All of these challenges can suck up cash very fast. And there’s a strange habit of them all showing up at once, at the most inconvenient times. This is why making predictions about what could go wrong, and then proactively fixing them is so important.

We are here to help. If you want any help, just Messenger us (Private Message Us) at our Facebook Messenger link – m.me/EasyOnlineBizSolutions

Remember to invert, always invert.

Talk Soon,
Dave

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“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”
– Colin Powell

The difference between being ‘Well-Off vs. ‘Ultra-Wealthy’ is their … FOCUS!!!

There was a speaker that spoke on wealth. Who unfortunately is no longer with us. He said, “that you need TWO Businesses.”

Your PRIMARY Business, the one you’re likely putting all your focus on right now. And then your money management business.

Most people put 95% of their energy into their primary business.

If they want to make more money, they trade more time for money in their given profession. The accountant takes on more clients. The shop owner extends their trading hours. The mechanic fixes more cars.

They only put 5% of their energy into their 2nd business that manages their wealth. Which is often fairly PASSIVE. So you can even make money while you sleep!

For ultra wealthy people, it’s the other way around. 95% of their energy goes into their money management business – picking stocks, investing in real estate and checking their investments.

Only 5% of their energy goes towards their primary line of work. Master the same concept as the ultra wealthy and you’ll escape the hamster wheel sooner than you might expect.

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If you want or need any help just Messenger us (Private Message Us) on our Facebook Messenger link – m.me/EasyOnlineBizSolution

Get our Tips and Tools for Budding, Struggling and Seasoned Entrepreneurs here.

Talk Soon,
Nicky and Dave

We are all faced with increasing pressure to make well-judged decisions about every aspect of our lives.

Make the correct choice and you can give yourself a pat on the back. But make a bad decision and you can be left with feelings of regret, punishing yourself for picking an inferior option without the benefit of hindsight.

Your decision-making style will likely fit into one of two categories: Maximizer or Satisficer. I touched on these in my last article: ‘Good Enough is Good Enough.’

You might ask what’s the difference between the two decision-making styles. I have broken it down for you…

Satisficer Vs. Maximizer

Maximizer – Yearns for Perfection.

downfails of being a perfectionist

They task themselves with making the most informed, intelligent decisions by weighing all the choices. They can often suffer under the pressure of high self-expectations.

High achievers fall into the peculiar trap of getting mentally caught up in what they haven’t done. There’s always something else to be working on because it feels like, the more you do, the more you gain an edge. Setting unachievable goals for ourselves may itself impede our ultimate goal when making choices – making a choice that we will be satisfied with.

By focusing too hard on maximizing your productivity and choices can come at an ultimate cost to your time, health, and happiness. Maximizers also prone to experiencing a sense of ‘buyer’s remorse’ following a decision, doubting whether it was correct, and envisaging how life would have been had they chosen a different path.

Satisficer – Goes for Good Enough.Good Enough is Good Enough

The U.S. Nobel Prize-winning economist Herbert A. Simon introduced the ‘satisficing’ concept in his 1959 paper, Rational choice and the structure of the environment.

Simon believed that when satisficers are presented with a decision to make, they will consider what they want to gain or preserve from a situation, then evaluate their options to find the solution that meets their requirements.

Example:
When choosing a car to purchase a satisficer will consider the use of the vehicle (e.g. long commute to work), fuel efficiency, and would like the seats to be heated. When given multiple choices they will often choose the one that meets the initial decision-making criteria, without the extra lavish additional expenses (e.g. spacious interior that costs at little more).

Where maximizers might be led astray by unnecessary gimmicks and ostentation, these do not tempt a satisficer.

What approach do you take when tasked to make a decision? Test your decision-making approach – answer the quiz questions below!

QUIZ: Are You a Maximizer, or a Satisficer?

This quiz was developed by Barry Schwartz, Swarthmore College psychology professor as a way to determine your decision-making style. It may vary depending on what’s at stake.

For each statement, score yourself on a scale of 1 (strongly disagree) to 7 (strongly agree). The higher your score, the more of a maximizer you are.

1. No matter how satisfied I am with my job, it’s only right for me to be on the lookout for better opportunities.
2. When I am in the car listening to the radio, I often check other stations to see if something better is playing, even if I am relatively satisfied with what I’m listening to.
3. When I watch ‘TV, I channel surf, often scanning through the available options even while attempting to watch one Program.
4. I treat relationships like clothing: I expect to try a lot on before finding the perfect fit.
5. I often find it difficult to stop for a gift for a friend.
6. Renting videos is really difficult. I’m always struggling to pick the best one.
7. When shopping, I have a hard time finding clothing that I really love.
8. I’m a big fan of lists that attempt to rank things (the best movies, the best singers, the best athletes, the best novels, etc).
9. I find that writing is very difficult, even if it, just writing a letter to a friend, because of it, so hard to word things just right I often do several drafts of even simple things.
10. I never settle for second best.
11. Whenever I’m faced with a choice, I try to imagine what all the other possibilities are, even ones that aren’t present at the moment
12. I often fantasize about living in ways that are Quite different from my actual life.
13. No matter what I do, I have the highest standards for myself.

If your score is over 65, you tend to maximize. If your score is below 40, you are more of a satisficer. Schwartz says the test was given to thousands of people and the high score was 75.

Tell us in the comment section below your result and if you agree with the assessment or not.

Get our Tips and Tools for Budding, Struggling and Seasoned Entrepreneurs here.

If you want or need any help to connect with us on one of our social media platforms or just Messenger us (Private Message Us) on our Facebook Messenger link – m.me/EasyOnlineBizSolution

Talk Soon,
Nicky Cane

The conventional wisdom is that to be successful, you have to be really hungry for it, never content with mere sufficiency and outdoing everyone else. Surprisingly, aiming for good enough is a better approach.

This change in mindset took me from a struggling entrepreneur to a success…

A big turning point for me was when I started embracing the concept of, ‘Good enough, is good enough.’ It means you focus on launching things that bring in the money fast, and you don’t worry about getting every little detail 100% perfect.

It doesn’t mean you don’t care about quality. You do. It just means that you sacrifice a little bit of quality which no one really cares about, for the sake of speed of execution.

Example: 

Let’s say a project is going to take you 10 days to get done to a 100% perfection level.

After 1 day of working on your project, you’ve got your project to a 20% perfection level. After 3 days, you’re at a 45% perfection level. After 5 days, you’re at a 70% perfection level.

And after 6 days, you’re at a 80% perfection level, etc. These numbers aren’t an exact science, but you get the point. The greatest increases in completing something to perfection happen in the early stages.

Clock Showing of Percentage Project Completed

In the final stages, each incremental % of completed becomes more insignificant. If you take the 10 full days, then yes, you might be able to make the project 100% perfect.

But rather than spending those final few days working on things that most people won’t even notice or pay extra for, your time is better spent getting something to a say, 75 – 80% perfection level.

And then you move on to working an other projects. Go for speed over perfection.

Keep in mind if something ends up being a big hit, that you can come back and perfect it, if you want. A lot of what you launch likely won’t be a big hit, so by working the way I describe above, you get through the duds faster and uncover the winners.

It all comes down to whether you’re a maximizer or a satisficer.

Do You Do More or Less - Weigh Your Answers

A maximizer yearns for perfection — making the best decision after weighing all the choices.

That’s why high achievers fall into the peculiar trap of getting mentally caught up in what they haven’t done. There’s always something else to be working on because it feels like, the more you do, the more you gain an edge.

However focusing too hard on maximizing your productivity and choices can come at an ultimate cost to your time, health, and happiness. Ironically, maximizing doesn’t lead to the optimal result.

While a satisficer goes for “good enough.” This doesn’t mean you have to settle for lower standards.

I trained myself to become a satisficer. I’m now all about speed and execution first, and then working out the details later. Once I adopted this this mindset, I finally started experience success in my life and business.

If you struggle to get things done, then maybe it’s because you’re focussed on perfection rather than fast execution. I’m going to suggest you change that.

Get our Tips and Tools for Budding, Struggling and Seasoned Entrepreneurs here.

If you want or need any help connect with us on one of our social media platforms or just Messenger us (Private Message Us) on our Facebook Messenger link – m.me/EasyOnlineBizSolution

Talk Soon,
Nicky Cane

“Don’t wait for extraordinary opportunities. Seize common occasions and make them great. Weak people wait for opportunities; strong people make them.”– Orison Swett Marden.

You want to own your own online business however you haven’t made it happen. Yet.

We get it—when something’s new it’s hard to be all in especially right off the bat.

Chances are you’ve been burned before—burned by a Business Opportunity, an Investment, a Partner or something—and that’s made you more than a little gun shy.

So what do you do?

You dip your toe in the water. You hem and haw. And you do so much due diligence that you’re paralyzed by it all—the ultimate paralysis by analysis.

You talk to everyone. You weigh the pros and cons over and over again. And, while you’re technically “doing something,” but are you really? Because while there’s some movement, it’s not enough to move the needle—at least not in any discernible way.

When people land there, the outcome is almost always the same.

Hangup their Hat - Give UpThey feel like it doesn’t work or doesn’t work for them. They’ve tried, they’ll explain, and they didn’t see any results—it’s a seam, they’re a failure or it’s “too much” right now.

Whatever the excuse is, it’s enough for them to hang up their hat and check the box. They tried and, apparently, that’s good enough. Here’s the thing: it’s not.

If you hem and haw long enough, someone else will do it first. In any business, you’re in or you’re out.

There’s no in between, there’s no testing the waters and there’s no small commitment. You want this or you don’t. You’re invested or you’re not. You’re building a business or you’re considering taking up a hobby.

That’s IT. Period.

We’re tired of people telling us that this traffic-driving method didn’t work or that business in a box or the sales funnel didn’t produce results. Because guess what?

It did for countless other Consultants and Entrepreneurs myself included. They didn’t Work for you because you didn’t try. You did the bare minimum so you could check box.

Then you completely disengage and hope that by some miracle of miracles, the pieces will fall into place. When they don’t, you blame everything and everyone—except yourself.

Our Advice?

Opt In or Opt Out

Get in or get out, but don’t try to walk the line.

If you try to play in the space in between, you’ll never excel and you’ll never get a true read on what works and what doesn’t.

The End Result of Little to NO Action?

You’ll do nothing, really, except throw a few dollars and a little time this way or that. This, of course, isn’t building a business. But instead you are creating an endless supply of excuses. And for us, we have no time for that.

If you want or need any help connect with us on one of our social media platforms or just Messenger us (Private Message Us) on our Facebook Messenger link – m.me/EasyOnlineBizSolution

So have you done so much due diligence that you’ve been paralyzed by it all?

Let us know in the comment section below how you overcame the paralysis by analysis!

Talk Soon,
Nicky and Dave

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