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elroy · Posted: Sat Dec 03, 2011 3:10 am Post subject: Solid Principles To Make it BIG

Almost 20 years now that I've been in business, blokes. Popped in and out this and other forums over the past years mining for the good stuff. Based on everything Ive read, and from my own experiences, these are the real tenents that can draw the difference between you being homeless, or living like Buffet

1. Get and stay out of your comfort zone.

I believe that not much happens of any significance when we're in our comfort zone. I hear people say, "But I'm concerned about security." My response to that is simple: "Security is for cadavers."

2. Never give up.

Almost nothing works the first time it's attempted. Just because what you're doing does not seem to be working, doesn't mean it won't work. It just means that it might not work the way you're doing it. If it was easy, everyone would be doing it, and you wouldn't have an opportunity.

3. When you're ready to quit, you're closer than you think.

There's an old Chinese saying that I just love, and I believe it is so true. It goes like this: "The temptation to quit will be greatest just before you are about to succeed."

4. With regard to whatever worries you, not only accept the worst thing that could happen, but make it a point to quantify what the worst thing could be.

Very seldom will the worst consequence be anywhere near as bad as a cloud of "undefined consequences." My father would tell me early on, when I was struggling and losing my shirt trying to get Parsons Technology going, "Well, Robert, if it doesn't work, they can't eat you."

5. Focus on what you want to have happen.

Remember that old saying, "As you think, so shall you be."

6. Take things a day at a time.

No matter how difficult your situation is, you can get through it if you don't look too far into the future, and focus on the present moment. You can get through anything one day at a time.

7. Always be moving forward.

Never stop investing. Never stop improving. Never stop doing something new. The moment you stop improving your organization, it starts to die. Make it your goal to be better each and every day, in some small way. Remember the Japanese concept of Kaizen. Small daily improvements eventually result in huge advantages.

8. Be quick to decide.

Remember what General George S. Patton said: "A good plan violently executed today is far and away better than a perfect plan tomorrow."

9. Measure everything of significance.

I swear this is true. Anything that is measured and watched, improves.

10. Anything that is not managed will deteriorate.

If you want to uncover problems you don't know about, take a few moments and look closely at the areas you haven't examined for a while. I guarantee you problems will be there.

11. Pay attention to your competitors, but pay more attention to what you're doing.

When you look at your competitors, remember that everything looks perfect at a distance. Even the planet Earth, if you get far enough into space, looks like a peaceful place.

12. Never let anybody push you around.

In our society, with our laws and even playing field, you have just as much right to what you're doing as anyone else, provided that what you're doing is legal.

13. Never expect life to be fair.

Life isn't fair. You make your own breaks. You'll be doing good if the only meaning fair has to you, is something that you pay when you get on a bus (i.e., fare).

14. Solve your own problems.

You'll find that by coming up with your own solutions, you'll develop a competitive edge. Masura Ibuka, the co-founder of SONY, said it best: "You never succeed in technology, business, or anything by following the others." There's also an old Asian saying that I remind myself of frequently. It goes like this: "A wise man keeps his own counsel."

15. Don't take yourself too seriously.

Lighten up. Often, at least half of what we accomplish is due to luck. None of us are in control as much as we like to think we are.

16. There's always a reason to smile.

Find it. After all, you're really lucky just to be alive. Life is short. More and more, I agree with my little brother. He always reminds me: "We're not here for a long time, we're here for a good time!"
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Ford · Posted: Sat Dec 03, 2011 7:13 am Post subject:

Great post.

The two points that have been most relevant to me are:

1. Get and stay out of your comfort zone.

2. When you're ready to quit, you're closer than you think.

At some point I changed from "trying to be the best" to focusing on getting better day by day. This shift in attitude actually brought me further than what I initially had thought was "the best" when I'd started and the ball is still rolling. Not only that but focusing on each day made my doubts fade far into the distance as I was just focused on what I was doing and achieving now.

scorpion · Reputation: 3 Joined: 28 May 2010 Posts: 104 'nother noob

1. Get and stay out of your comfort zone.

reminds me of "Do what you always do and you'll get what you've always got" ( or something like that anyway)

Guilty as sin here, until recently that is.

Only took me 35 years to work it out. Rolling Eyes

Great points all of them.

dragoneye · Posted: Sun Dec 18, 2011 11:36 am Post subject:

Comfort zone. Even the master pua people hammer on that. Seems its the universal mantra for all achievement

Status quo is death. Wouldn't you agree
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PleiadianHealer · Posted: Sun Dec 18, 2011 9:01 pm Post subject:

One thing elroy left out that would help you in any endevor, either business or life in general is to......increase your intuition!

A highly intuitive person always has an edge, and if you work at it enough, could bring you untold wealth.

PH
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Tye · Posted: Fri Dec 23, 2011 8:17 am Post subject:

PH, have you indulged in automatic writing? For me, it's one of the best ways to hone the vaunted intuition.

David st. Claire wrote some good tips on that
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scorpion · Reputation: 3 Joined: 28 May 2010 Posts: 104 'nother noob

Darkblade · Posted: Fri Dec 30, 2011 7:01 am Post subject:

That's the 80-20 rule. They taught me that at harvard MBA. Truly applicable in all aspects of life... Not just business school
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PleiadianHealer · Posted: Sat Dec 31, 2011 8:48 pm Post subject:

SolarFeline · Posted: Sun Jan 01, 2012 3:05 am Post subject:

cocomilo · Posted: Fri Jan 06, 2012 12:56 am Post subject:

Thank you Elroy!
I haven't been here for a while and what a beautiful post to read on my return Smile

drophead · Posted: Mon Aug 27, 2012 2:37 pm Post subject:

Great notes Elroy,
You gave me motivation to move on.

Thanks man
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lifexpert · Posted: Thu Sep 20, 2012 5:18 am Post subject: worldview for XXI century

if you know how to use full potential of your brain, you follow the mission of your own higher self and you correctly interact with nature, then health, success in business and personal life are a given.

search for lifexpert in google to find out more....

inspector_11 · Posted: Fri Dec 28, 2012 5:13 am Post subject:

I know this topic is old, but I can tell Elroy gets it. I've been reading a lot on business and have been pushing hard. He's right NEVER stop. A very good thread to re-visit.

I just posted the below in another forum on the question of why we fail. It's relevant and overlaps some of what elroy said. (IM stands for internet marketing, but the below really applies to anything you try and accomplish.

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Re: Reason as to why you are not making cash online?

1st. There isn't a lot of time. Right? Many of us have full time jobs, plus other obligations, and try and do IM on the side. This immediate eliminates most people.

2nd. With the little time we have, we try and do everything and thus find ourselves getting nowhere. And while this maybe OK at first to figure which area of IM you like or seem to do well at, if you don't eventually commit to one thing well, you probably aren't going to get anywhere.

3rd. Once we figure out what to concentrate on we still do not manage our time well. (look into time management software or systems)

4th. There is no goal setup. You should definitely have one at this point. Short term, midterm and long term specific goals.

5th. We don't track our costs or our results. How can you know if you are REALLY getting ahead? (elroy said this better, but for example if you are into IM you track ever click, but you also need to track where every dollar goes in your personal and business life.)

6th. Many of us have unrealistic ideas of how much we can make. (we think of huge numbers and when we only get a little at first we may not really understand how well on they way we are. Passive income = expenses IS financial freedom.)

8th. We quit. (love the Chinese quote)

I'm sure I could find more reasons. But the above applies with a lot of things in life. Not just with IM, but with other businesses and investing.
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Vitality · Posted: Sun Dec 30, 2012 4:41 pm Post subject:

Great post, I like the way you think Elroy.