Never Listen To The 'Experts'.

Just listened to one of my favorite podcasts this morning — How I Built This. They hosted Manoj Bhargava, the man who invented the 5-Hour Energy Drink. Manoj is a self-made man who started his career driving a $300 dump truck hauling away construction garbage. Now he's a billionaire dedicated to donate 99% of his estate to help the world. There were a number of powerful statements that caught my ear. Here are a few:

"You have to be totally determined - I hate the word passionate. If you get hit, passion tends to fade. Determination - if you get hit 20 times, you get up again." Everyone has a passion. Many people leave their jobs and start their own business based on that passion. Some do well, most don't. Manoj is spot on — passion will only take you so far, determination will pick you up when you fall down. TAKEAWAY: Drive, determination, and tenacity will help you build you a successful business.

"It's not rocket science. If you use common sense, you're in great shape. If you use experts, you're in so much trouble." I find this quote so fitting to my profession, being a Business Performance Coach. So many times I'm asked by prospective clients, "Do you have a lot of experience in my industry?" I usually say, "No, I don't. But it doesn't matter." Most businesspeople want 'experts' who know their industry and can give them the 'secrets of their success'. Unfortunately, most of the time, these experts are people who tried their hand in that industry and failed, that's why they're not doing it anymore. As a coach who uses 'common sense', I am looking at your situation from the outside in, a completely different perspective from where you are. I keep it simple and focus on the basics — that's usually where the problems hide. TAKEAWAY: "Experts are great for telling you what not to do. But what you should do? They haven't a clue."

"You've got to figure that out. How hard can it be? I'll figure it out." I love Manoj's simple way of attacking a complex problem. He makes the complex, simple — the gargantuan, a series of small steps. Sit down, get a piece of paper and map out the steps you have to do and the people you have to see. It's that simple. TAKEAWAY: Dive right in and attack. Don't over-think it.

"If these guys can come up with this, I can do better." Just because someone has done something, it doesn't make them geniuses — they just did it first. I love his philosophy and drive — I can do it too. TAKEAWAY: You can do it better if you just try.

"Most people who have invented great things didn't have a background in that area." They didn't follow the 'rules' of the experts. Again, they are thinking from outside of the bubble and not beholden to a series of arcane rules — in fact, they're the rule-breakers. TAKEAWAY: Be a rule-breaker.

P.S. If you want work with a coach who uses common sense and sticks to the basics,  Let’s talk. I’ve work with people from all over the world who want to play a bigger game — call me to schedule a free session.

Play With The Big Boys & Girls.

We've got a big snowstorm here in Oxford, Connecticut. Thankfully, I work from my home office on Fridays — so I really don't have to go anywhere — I just meander down to my first-floor home office and talk to my clients. We only get better when we play tennis with better tennis players. One way is to immerse ourselves into their lives, their learnings, and their tricks of the trade.

I thought I would do a "Rich's Favorite Things Early 2017" post and let you know what resources I use to stay at the top of my game. So here goes . . .

Podcasts:

How I Built This - I religiously listen to ever episode. It's about innovators, entrepreneurs, and idealists, and the stories behind the movements they built. Each episode is a narrative journey marked by triumphs, failures, serendipity and insight — told by the founders of some of the world's best known companies and brands. (from NPR)

The Tim Ferriss Show - I've listened to this since his first broadcast. Tim Ferriss deconstructs world-class performers from eclectic areas (investing, chess, pro sports, etc.), digging deep to find the tools, tactics, and tricks that listeners can use.

Smart Passive Income Online Business and Blogging - Pat Flynn reveals all of his online business and blogging strategies, income sources and killer marketing tips and tricks so you can be ahead of the curve with your online business or blog. Discover how you can create multiple passive income streams that work for you so that you can have the time and freedom to do what you love, whether it's traveling the world, or just living comfortably at home.

Books:

The One Thing - You'll learn to cut through the clutter, achieve better results in less time, build momentum toward your goal,  dial down the stress, overcome that overwhelmed feeling, revive your energy, stay on track, and master what matters to you. The ONE Thing delivers extraordinary results in every area of your life--work, personal, family, and spiritual.

The Pumpkin Plan - Each year Americans start one million new businesses, nearly 80 percent of which fail within the first five years. Under such pressure to stay alive—let alone grow—it’s easy for entrepreneurs to get caught up in a never-ending cycle of “sell it—do it, sell it—do it” that leaves them exhausted, frustrated, and unable to get ahead no matter how hard they try.  The Pumpkin Plan guides you through unconven­tional strategies to help you build a truly profitable blue-ribbon company that is the best in its field.

P.S. If you want to play with the big boys and girls,  Let’s talk. I’ve worked with people from all over the world who wanted to play a bigger game and I got them to Wimbledon — call me to schedule a complimentary session.

Do Whatever It Takes.

If you read Stop Playing In The Kiddie Pool the other day, you got a harsh introduction into running your business. You need to be SERIOUS, COMMITTED, & FEARLESS in yourself and your business. This is a 'Part Two' to that article. When people run a race or push themselves when they exercise, they tend to hit a physical and mental wall that tells them to stop running or exercising. They're too tired, they are over-taxing their body, or they might be close to passing out.

Physically, that might be true — there are many tell-tale signs (heart rate, breathing, etc.) that will tell you you're getting close. What's funny is that your brain usually takes over and tells you way before that you should stop. In fact, your body can go a lot longer than you think — check out this podcast — it opened my eyes!

When it comes to business and your mental state — many of us tend to give up when the going gets tough or when things get out of focus and we're afraid to make the next decision.

We are afraid to make a tough decision, spend money, hire a service — we get paralyzed. And we make no decision. We tell ourselves, "No decision is better than a bad decision." Unfortunately, that's not true.

Let's look at my simple decision matrix:

• Make the decision and it's good - Congratulations! Now make another. And another.
• Make the decision and it's totally wrong - Too bad! Now turn around and move in the other direction.
• Make the decision and it's partly wrong - You're going in the right direction, just recalibrate your angle.

In all three situations, you have to make a decision. In today's business world, no decision, no movement, and no action is bad for your business. Doing the same thing, the same way, with the same resources and moving nowhere is a prescription for failure. Someone else is going to come along and do it better, faster, and cheaper.

In the Welcome Packet I send to new clients, on the cover I have one of my quotes: “If you’re not continually reinventing yourself, your company, or your brand, it’s only a matter of time before you become obsolete, irrelevant, and end up in the bargain bin.”

So hire that new person, engage with that branding firm, move to a bigger office, or take out that needed business loan. Big businesses become big by taking chances and trusting their instincts.

As Walt Disney said so many years ago, “Around here, however, we don't look backwards for very long. We keep moving forward, opening up new doors and doing new things, because we're curious...and curiosity keeps leading us down new paths.”

Keep moving forward.