Most new business owners set themselves a big, daring goal.
It might be that they want to make a million dollars.
Aiming for the stars is great, but you’ve got to walk before you can run. Most people start a business because they’re sick of their job. What if your business could pay you the same as your old job, only you’re doing something you love? Would that still make you happy?
Probably it would, and now the million dollar goal doesn’t seem quite as important.
In this video, filmed at a Titanium Mastermind in Los Cabos, Mexico, Curtis Broome shares some wisdom to help you set the right goals and make the right choices.
PUT IT INTO PERSPECTIVE
A million dollars sounds impressive, but how many people actually do that?
In the United States, anyone who makes $100,000 or more in gross annual income – whether they are a business owner, a doctor, an executive – is in the top 2% of all income earners.
If you’re making $100,000 a year, it would take ten years for you to accumulate $1,000,000. For most people, that’s almost one seventh of their lifetime. If you took into account the taxes you would pay on that money, it’s going to take closer to one fifth of your lifetime.
Remember, only 2% of people are going to do this.
Before you set a high goal for yourself, put it into perspective. Recognize that if it were easy, a lot more people would be doing it. Be prepared for the hard work.
SUCCESS IS ABOUT CHOICES
Attaining extraordinary financial results is a choice. Those 2% didn’t get to where they are by accident. They chose to be above average and they made it happen.
That said, success is not a single choice. It is a choice repeated consistently. You have to show up every day and put in the work.
The magnitude of the task ahead of you may scare you, but consider this:
If the 55 year old janitor who cleans the offices of Coca-Cola wakes up one morning and decides he wants to be the CEO, what chance does he have? Little to none. He doesn’t have the qualifications, he doesn’t have the connections, he’s getting old and he doesn’t have the time or the money to get a degree and climb the corporate ladder.
If you start your own company, nothing can stop you. Your lack of qualifications can’t. Your lack of money can’t. Your age can’t – Colonel Sanders was 62 when he started KFC. Time can’t – Facebook reached a market capitalization of $250 billion after only 11 years of operation.
Anyone can start a successful company. The only thing standing in your way is your choices.
You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, in the MOBE Silver Masterclass. To learn more about the Silver Masterclass, click HERE.