Ever heard of the hockey stick effect in performance? It’s when it seems like nothing is happening for a while, and then suddenly all the small changes, improvements, steps, and actions start to compound, leading to an overnight success. That’s the real secret behind achieving greatness. The challenge lies in not giving up during the […]
Just telling them to go figure it out? That’s an excuse of lazy leadership. True leaders in the corporate world understand the value of providing clear direction and guidance to their hardworking employees. Most employees crave structure, clear expectations, and effective leadership. They want you to step up and lead them, not evade your responsibilities
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I wanted to take the time to reflect on the entrepreneur ladder and its significance in our business journey. Firstly, I shared this ladder with you to illustrate that there is a path to the top, where you can become an investor, leveraging your skills at each rung along the way. However, it’s essential to
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Let’s wrap up the investor rung with some final thoughts. One mental hurdle that often crushes people’s dreams is the fear of making money with other people’s money. “If I invest their money and lose it, I’ll be a terrible person.” If you can’t overcome this mindset, then investing may not be for you. The
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The Holy Grail? As we reach the pinnacle of the entrepreneur ladder, our focus shifts entirely towards making money with money, often utilizing the funds of others. Look at Warren Buffet. Warren Buffet assesses investments and deploys capital to generate more capital. The key to maximizing our earning potential is allowing our money to work
Once you’ve completely freed yourself from the daily operations of a business, you’ve truly stepped into the role of an owner, but there’s still more room to grow. Transitioning from being self-employed to becoming an entrepreneur requires you to consolidate and leverage all the skills you’ve acquired thus far. Because on the entrepreneur rung, your
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The rung of business owner is a game-changer. On this owner rung, you will have built a remarkable leadership team that has assumed full responsibility for the day-to-day operations of your business. This step is tough. It requires you to step back, to cultivate a team capable enough to run the business on your behalf,
Once you make your first hire, you embark on the journey of mastering the art of management. This is the pivotal skillset you will acquire on the manager rung of the entrepreneur ladder. Your focus now shifts to cultivating productive and efficient employees. You transition from being the sole driver of your business to accomplishing
Once you ascend to the director level, your focus shifts inward to the realm of your mind. By the way, job titles at this level include prestigious positions like CEO, CFO, and others. Your role as a director is to steer the company towards success, and your tasks and tactics revolve around two key objectives.
Let’s delve into the second rung of the entrepreneurial ladder: becoming self-employed. On this rung, your role is quite similar to that of an employee, rather than a manager. Continue learning and leveraging the knowledge you gained during your time as an employee. Utilize this knowledge to create efficient processes for your business. However, it’s
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