The Automated Millionaire

In yesterday's episode we discussed the fact that most of the businesses I have helped all have made the mistake of not charging enough for their products and services.

We looked closer at just how powerful and effective a price change can be for your bottom net result.

But in conjunction with the advice of increasing your price by far the most common objection I receive is that of: "But, I cannot charge any more; I'll lose business to my competitors!" or words to same effect.

So let's handle this objection. Just how could you get away with a price increase? How can you charge more than all your competitors, even in a highly competitive marked?

We are starting our third series of episodes with this episode today. This series leans a bit up against the second series we had which was all about the mistakes business owners make. 

This third series will have a lot to do with more mistakes business owners tend to make, but these mistakes we will be looking at in this series will be concentrated much on the topic of price setting, price structures, discounting and the like.

To shoot off this series we will be looking at what is the easiest, the fastest and the most effective way to grow your business. As you will find out, it is in fact just one simple avenue that actually is the easiest, the fastest and the most effective way to grow your business and your results.

Where there is no vision the people perish.

I believe this passage is mentioned in the bible and I believe it certainly seems very true of ourselves as individuals and likewise for our business. I believe the more clear our vision is for our business and what it is we wish to grow that into, the greater the chances are that you'll actually achieve  it.

There's a dreaded human condition that as we business consultants see all to often. 

The fizzle factor is when clients willingly spend a lot of money with you, implement and learn what you instruct them in, get great results, but soon after the consultancy engagement is over and the consultant is no longer in the business keeping an eye on things, the client engagement starts to fizzle.

Soon enough the client "forgets" the great leaps and results they were getting with the changes that were implemented and soon enough the client begins to reap the same mediocre results the client used to get before the consultant came and showed a better way.

In this episode we will talk about Mindset, and the need for being able to keep a positive and constructive outlook even when everything seems to be doom and gloom and not working out for you.

It's pretty much impossible to go through life without experiencing some mishaps and upsets along the way from time to time.

Redirecting our focus when these occur can help us become not just more resilient, but also more constructive, so that we can quickly overcome the challenge and move past it and end up stronger and more capable.

Life shows up and as I have mentioned before, as entrepreneurs we kinda put ourselves in a place where we probably get even greater share of these little events that life sometimes tests us with.

But what are the consequences of breaking your commitments? What does it mean when you break your own commitments to yourself.

Our discussion go deeper into this in this episode of The Automated Millionaire Podcast.

Often in life and certainly as entrepreneurs we are met with the occasional setback. As entrepreneurs we take risks and sometimes these give us extra challenges.

In this episode I provide insights on how to handle these more constructively and also so that you can actually be happier.

One of my mentors has a little saying he shared with me just the other day.

He says: Perfection = Poorhouse

He is so right. When we wait till things are perfect before we make our next move, the opportunities pass us by and soon enough we won't get anywhere and won't get any results. Certainly no results we do want to get.

Aiming for perfection is also in fact another avenue for procrastination.

We all have these tendencies of procrastinating. Some people more than others. Some people too terribly much....

In every business you'll be met with challenges along the way. Sometimes these challenges can become rather severe, and you may find yourself in a position that truly stresses you out and which really gives you high levels of anxiety.

I learned from one of employees once how to view this with a bit of a different mindset, that really helped me not to be so nervous when landing in these kinds of situation.

With a different way of looking at things, I could calm myself better and become more resourceful, which I needed to become in order to solve the serious issue(s) at hand.