The Automated Millionaire

How to show up confident.

How does the confidence - competence loop work and how do you show up showing confidence when you may in fact be lacking some.

Related to previous episodes, we continue our discussion of what sometimes holds us back, and what we need to do in order to break the vicious cycle, so we can achieve the success we seek and desire.

In this episode I discuss two of the greatest fears most of us have in some form or another.

It took forever for me to commence, and the reason it took forever really only had to do with my personal fears (these two fears I'll discuss in this episode).

Thank goodness there are actually ways of overcoming these fears, and I'll give you the key insights to do so here.

You may want to listen in...

I was challenged to write down my dedication to my clients for the rest of 2021.

This is actually a great idea as it helps to focus on who you want to truly help, what you need to do and keep your focus on and why.

Perhaps this would be a great idea for you do to do as well in your business and for your activities.

It's time for you to leave your garage.

If you're a business owner who started your business, maybe even from scratch, and maybe even literally from your garage, but now you're considerably bigger business, well, now you may find yourself still carrying what I call the garage mentality.

What is that?

Well, when you started you were happy just to make a little bit of money on what you sold, so your margins were very small, but you were happy. As you grew, your prices may have grown too, but actually grown too little, and now that you have dealerships and/or distributorships as part of your equation, there's too little margin to give everybody who needs a piece of the pie, enough to be happy.

I have seen this in many businesses, and it often leaves them in the situation where, they'll end up with the short stick. The distributor and dealerships won't take on their products if their cut doesn't make it interesting for them.

But that leaves very little left for the business owner and his/her business, and now they're struggling to make profits.

It's time you leave your garage mentality and perhaps charge way more than you used to. 

When your product is great, of great quality and has sound brand recognition, your customers will probably be alright with it too.

Hiring friends or family come with a myriad of challenges and the question quickly becomes whether it's worth it for you to hire either friends or family.

Mixing money and livelihoods with friendship or family relations can be a cocktail that can soon ruin any friendship and challenge a family.

I get it. I would hire either too for the right reasons, but for sure, I would also be a bit nervous about how well it would pan out. I mean, it isn't cool when you have to fire your friend for whatever reason, is it?

I believe, there are ways of hiring them and setting expectations that may help you should the need to part ways in your business become necessary later on.

We all have a tendency making assumptions.

But you do know the acronym of assumptions, right?

Assumptions make an ass out of u and me.

That's right. We often get it wrong, and that can wreck havoc or we can miss great opportunities.

In my unique business system, The Automated Millionaire Business System, we have set up metrics, goals and measures for what each individual, team and department need to fulfill upon in terms of performance.

Here in this episode we will discuss how to handle the experiences of when one or more come short on the agreed upon goal. We will talk about how to powerfully align employees and team members with delivering everything it takes to reach the goal.

Most business owners carry out their business without a true purpose or a true vision. Is this wrong? Perhaps and perhaps not.

However, what I believe is certainly true, is the fact that if you have a real purpose or a true vision for your business, your results are likely to get bigger. It's also more likely that you can rally your troops, i.e. your employees, around your vision and make them happier and more performing in the process of their daily work life.

Most businesses make the huge mistake of actually not setting measurable goals and milestones.

Not only do many businesses not even set overall goals, such as how much in sales they aim to reach for a fiscal year, but even more businesses fail at setting specific and time bound measures for what needs to be achieved with individuals or individual departments of their businesses.

We will dive deeper into the discussion on this topic here. It's a key area to get right if you truly wish to attain the grand results of your dreams.

As you most likely have experienced when you don't set expectations in your private life, soon enough others may feel you have let them down, because they set their own expectations of you or of what they believe you promised them.

The same goes for your business. It's extremely important that clear expectations are set in multiple areas.

E.g. when I sell my premier program, The Automated Millionaire Business System, I talk about the gain in making much more money that the client will be making fast when they implement my system. However, in the same breath it's critically important that I clearly set the expectation that they'll likely only make more money from the program when they adhere to using the system and methods I teach, and that when (or if) they revert back to doing things the way they used to, then they'll likely see the same old results they used to see.

Similarly, it's critically important in your pursuit for greater results and more profits that clear expectations are set for your people for their performance in their various roles.