what are the main Pillars of Wealth?
Reject getting rich slow:
While making investment decision it’s better to consider and assess opportunity based on its continuous and sustainable cash flow, profitability, lowest risk constraints of business tools and operations, time required to revert investment to return.
It’s better to be promising and profitable opportunity as it’s called “cash cow”, than being a “50-50” chance, which can’t be forecasted properly or with less than 60% accuracy, and has changeable indicators every now and then as it could affect your initial plans.
Separate time frames from money:
?When you think about money its vital to consider all terms of money; the total amount you will invest, the expected amount to yield early, the time required to retain your equity back, and the cost of generating money.
Accept being better than anyone else:
It’s better to treat yourself as a brand and portable corporate than individual contributor or employee, as most of your time you will sacrifice your wants by travelling, hanging out with affiliates and partners in order towards the targeted milestones towards your optimal goals.
To grow you should always look forward for a better version than your current state, better than any pioneer at the same industry, and it’s supposed to expect tackles from other contenders and to overcome it and keep moving forward.
Don’t interfere once you centralized your subordinates:
Once you initiated your corporate and you are on the top of the grid as far as decision making, hiring, and funding then there is no room for cascading, rectifying, helping your subordinates at any of the pre-established tasks you have trained, coached them earlier and become one of their responsibilities unless you have any update on the process you should cascade it.
Spoiling your subordinates will be your pain in neck for you to grow and will waste your time along, remember as your overrated kindness could ruin your whole corporate.
Once you hire, set your rules, cascade your: code of conduct, rules, procedures, train, monitor, coach, mentor your employees then they should give an effort to adapt and work on their areas of improvement towards their targets and the efficient wrap-up, so it’s better to avoid helping them to reach their tasks, to mitigate your repeated interference.
Forgetting what if and focusing on what is:
The only valid forecasting is based on historical analysis, market research, guidelines required for similar scenarios or circumstances, but being a pessimistic over thinker is a mess.
It’s better to be optimistic and plan while considering future and current challenges and by moving forward no more no less.
If you thought about your doubts you will attract your doubts, if you thought about what is needed you will be on track to follow your optimal milestones and targets. ?
Mapping out actions and achieve goals
While the brain storming and mind mapping process with your subordinates organize their actions and arrange it based on the business requirement priorities.
My advice, don’t pay for anyone, who didn’t implement or match the business requirements pre-established by you.
Focus on what get you paid
It’s better to increase your chances of getting paid than planning and executing on long term profitable projects.
It’s vital to have a weekly stable money flow, by investing on various sectors than investing time and resources at long payment cycle migrations without any supporting facilities like money in advance especially when you are at high liquidity markets.
People give money to people that get people
If you are a managing director or founder be selective while hiring your staff. Calibers with high exposure and good connections have access to various affiliates, clients, other calibers with your aimed areas of expertise, communities in order to expand, grow, and enrich your market presence
Hiring these calibers will be an asset and they will add value to your pioneers and cover the missing parts of any of your business future plans
Adapting an abundance mind set
If you are a founder it’s better to be overwhelmed with all your SOPs, market challenges, new trends, and open opportunities to generate more income along than relying only on your current business state.
You have to be concerned more about your outcome quality, invest in cash cow secured opportunities. And Reinvest on your profitable migrations in order to grow and have financial freedom
Increase your sense of urgency
As a founder you should be aware to any updates taking place at any time for all your LOBs, be attached to market changes and challenges to know when to cascade new knowledge to your staff.
And when to rectify your process to match your business priorities in order to provide consistent performance and return on investments.
Part 2:
Skills and perks needed to attract wealth
To attract wealth its vital to start working on your staff areas of improvement toward your expected productivity and profits.
Throughout the way you will find many challenges and tackles by competitors, industry constraints and rules, change in cost of tools of production, so it’s vital to have many contingency plans with all the required Manuel work around for each scenario would take place to tackle and enrich your empire and wealth.
The major perks and skills needed to attract wealth:
Courage and willingness
consciousness and cautiousness
Focus and readiness
Haunter and rebellion
Assessor and analyzer
Rational and planner
Flexible and stable
Available and reachable
Detailed oriented and multitasker
Predictor and attached
Integrate and consistent
Humble and knowledgeable
Self-learner and result oriented
Open and sustainable
Hard to fragile
What is the self-learning role to attract wealth?
At this century its vital to invest in learning along to be aligned to the trends, every moment creates a new opportunity at various sectors and to be compatible to any and have your foot print it’s better to be open to the new markets, updates, and use the online learning tools to be eligible to go for new opportunities and markets with the same quality delivered by other competitors.
The online learning will expose you to the missing parts of your aimed puzzle and the dilemmas at any market grabs your interest.
Nowadays shadow working tools are taking over to maximize entities’ profits and earnings, it’s better to have a team of AI tools to occupy the required tasks at any process within the required delivery deadlines.
And it’s better to invest more time in learning about the project management tools and sync and harmonize with all task, time required for completion, ownership for all your subordinates to help them to find any room for development.
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?Learning is vital to know all the areas which needs development, and what to add to your venture, and how to add efficiently.
All what you need for your journey of growth
Be ready for lonely steps
Leverage your money wisely?
Don’t be sentimental
Know the power on introverts and individual contribution
Make failure your best friend
Show gratitude
Plan for the end
Don’t gamble with your business opportunities and equities ?
Be stealth with your wealth
Expect being the black swan
Focus on EQ and IQ
Attain to your annual wealth checks
Determine your financial super powers.
Understand numbers and beyond
Part 3:
How to be stubborn and beat your business bottle necks along the way?
While moving forward from milestones to another you attend many ups and downs which will lead you to unhealthy pessimistic state of mind.
Like business conflicts, embracement, demising processes, low credit, financial struggles, any of these could ruin your guts to operate efficiently with the same willingness, and you could feel down, feed up and you will have many negative calls to stop your operations and move on, and if you get trapped to this spirit you will lose everything.
To be stubborn rely on costs and profits rather than negative triggers and emotions aligned, pretend that you are ok and start moving forward to find substitutes to cover your missed return and costs with the aimed numerical values.
Think positive on what you have passed and achieved on similar situations to strengthen you spirit and regain your positive vibes.
Being smart rebellion is way better than smart manipulated, don’t waste your time on unsecured business ops, don’t follow others unless it’s worth it as far as return within the shortest time frame.
The more you resist and give an effort the more you grow along, and you will build up the required identity to face the next step struggles.
When the storm come across remember that You have your plan, targets, and staff and you have the whistle any time to shift your subordinates to different migrations or Sops.
It’s better to avoid being sentimental and analyze numbers and a rational expected outcome, and return??in order to know when to move forward and when to get out of business.
?Here are some life hacks by millionaires:
Avoid merging business with love: being emotional and playing favorites will cost you time, resources, and money.
Avoid discrimination unless it’s based on performance: to avoid un healthy work environment and to mitigate the staff dissonance.???
Be aware of your money management: be concerned about the diversity of your investments, and hedge it with secured funds.
Don’t stuck on Ego: because you will have fake projection to facts and un realistic business indicators which tend to the worst scenarios.
Think big: and plan on all scenarios which could take place, and be eager for expansion on trust worthy and profitable opportunities.
Steps to get started:
Initiate research
Plan
Forecast
Analyze your SWOT
Implement
Monitor
Track your indicators, and efficiency.
Cascade updates
Restructure your plan
Rectify
Mentor
My advice be attained to details even if it’s rarely occurred, to avoid being wider and turned to a gap and one of your areas of weakness
My advice:
Dream big, translate your dreams to rational figures, take all required initiatives, get over things, accept sacrificing part of time and life, resonate the struggles rather than being overacted, and lean only to your success.?