The new economics have been a wakeup call for us all. No longer can you create a hobby business around what you love to do just to make a living. Not only is it imperative to make sure your business delivers a comfortable living. But because of the next wave of taxes and inflation, if you are not aiming for a million dollar business or more, your business will always struggle instead of thrive. I heard Debbie Allen http://www.debbieallen.com/ say the same thing in her talk this weekend.
With the goal clearly in mind that every entrepreneur must strive for a million dollar business, here are Debbie Allen’s characteristics of a Millionaire Entrepreneur.
1. Manifest Money with Opportunity
- See the opportunity and act on it
- Hang around smart people
- Ask successful people for help
2. Take Disciplined Action
- Through your own thoughts, you can shift your business and increase revenues 2-3 times by the way you think and take action.
- You need to be catapulted forward to take action. Always be looking for those opportunities. Always be ready for those opportunities
3. Action Is The Most Important Success Habit Anyone Can Possess. It determines how your business will grow.
4. Take Calculated Risks And Learn From Failed Ideas. That is, make all the mistakes and live to tell about them. They make you stronger and add value for your clients.
5. Act In Spite of Fear. How?
- Name It – What am I afraid of?
Create your own belief system. Own your beliefs. Talk about your beliefs. - Share It – Share your fear.
Be vulnerable and open to trust (but leave the dream snatchers behind). - Imagine the best possible outcome
6. Develop and Sustain Relationships. Which means you must do what you say you will do plus 10%.
7. Get your ASK in Gear. Ask for anything that’s a WIN-WIN. Get rich friends, connect with rich people. They think different from everyone else.
8. Dare to be different from anyone else. It’s OK. Differentiate your offer.
Recommit to yourself and your business that you will stretch outside your comfort zone to do these things, and you will attract more business than you thought possible. When you set your sights on a million dollar business, you will structure your business differently, you will make different decisions, and your approach to implement those decisions will have a bigger focus.
Decide what you want for your business. If you indeed want to lead a million dollar business, this is a great list to print out and post where it will remind you daily of the characteristics of Millionaire Entrepreneurs you want to master.
