What’s The One Major Difference Between Successful Entrepreneurs And Failures? It’s Not Brains, It’s Not Skill, It’s Not Fancy Marketing Tactics.

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matt-stand-rvDear Online Entrepreneur,

Why did I make millions … and Mike didn’t?

Back in 2009 while living in Perth, Australia, I was part of an affiliate program (not MOBE) for a company based out of the USA. This company had 3 main products priced at $1,755, $9,000, and $15,000.

I’d never seen anything like this business, and it intrigued me.

I ended up investing my entire life savings into it (and whatever I could borrow from friends and family). I didn’t think, “I’ll see how it goes, and if it doesn’t work out, then that’s OK because I’ll have a safety net.”

My mentality was “I’m going to make this work, no matter what it takes, or how long it takes.”

So, I started going to weekly meetings with other affiliates in this company. We’d originally met at a national seminar in Sydney, and all of us were brand-new.

Every week, we’d meet at the local Balmoral Pub, where we’d get lunch and have a few drinks. We were all very excited about the potential of our businesses, and how much money we were going to make. But as time passed, fewer people began to show up each week. Soon, it was down to just 3 or 4 of us.

And finally, it was just two of us–myself and a guy named Mike.

Everyone else had given up or “put the business on hold until later.”

After what ended up being our final meeting, Mike and I had some silly disagreement (I can’t even remember what it was about).  Mike soon quit and I assumed I’d never see him again.

Well, six years later I got a bit of a shock.

Not only did I see him, but it was in the most unlikely of places–on a beach at night in Phuket, Thailand! It was at the welcome dinner for one my big international Titanium Masterminds, and Mike was attending as a guest of one my affiliates, also from Perth.

I asked him what he’d been been doing, and with a look of disappointment he told me after quitting the business he’d gone back to his regular job.

I’m not judging him for that, but … pay close attention …

We both started out in the exact same place with the same resources and opportunities.

Mike was a smart guy, desperately wanted to be successful, and in many ways was similar to me.

Fast forward 6 years and:

I run an international training company (MOBE) that’s generated over $100 million in sales, and Mike is back at his old job, working pay check to pay check.

We were both brand-new to business when we started, but we got vastly different results.

Why?

Because of MINDSET.

I had a Success Mindset and Mike didn’t.

If you’re new to business, you’re probably thinking the first things you need to learn to start generating revenue is how to effectively market, or how to create products, or how to sell.

Wrong. Those things are important, but there’s something else that must come first.

And that is how to THINK like a successful entrepreneur.

You must get your Mindset–your thoughts, daily habits, and thinking patterns–in check before you do anything else.

If you don’t, then all the tactics and strategies in the world won’t help you one bit.

The sad truth is that most small business owners never get their Mindset right (even though it’s relatively easy).

It’s one of the main reasons why 40% of small businesses fail in their first year, and 80% fail within 5 years.

On the other hand, if you learn how to think like a successful entrepreneur now, then everything else will fall into place.

You must go into business KNOWING you’re going to succeed, and have that knowledge permeate everything you do:

  • How you spend your time
  • How you make decisions
  • Who you associate with and learn from

If you don’t have the mindset from the start, then you will be derailed at the first few inevitable challenges.

Like Mike.

WARNING: Most entrepreneurs will ignore this advice.

And that’s why this concept of mindset is so powerful.

In business and in life, it’s usually not what you pay attention to that cuts your throat.

It’s what you ignore that kills your dreams.

It’s what you fail to pay attention to properly.

And mindset is so easily ignored.

Mindset is tricky.

Here’s an example …

Studies have proven that if you use a smaller plate, you’ll eat less.

But almost everyone who hears that says, “Oh that’s silly, it doesn’t work on me…I’m too smart for that!”

And that’s exactly why it works against them.

Because they THINK that it does NOT work.

So they ignore it and continue to eat more because using big plates.

Telling an entrepreneur that mindset is the most important foundation is the same way.

Almost all of them say, “No, I don’t need to change my mindset, I need more traffic and leads!”

Or, “I need better staff!”

Our natural tendency is to look for external factors in explaining and justifying where we are today.  But in business (and many areas of life) it all starts from within.

If you want to be a high performance entrepreneur, you must take your mindset very seriously.

Only a handful of people are willing to do this, and that’s why only a handful succeed.

Are you on of these people?

If you are, here’s how to begin:

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Who Is The Silver Inner Circle For?

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  • You’ve tried to start businesses before and failed
  • You have inconsistent revenue (a warning sign of a bad foundation)
  • You’re working harder but making less

You’re constantly distracted and putting out fires (a bad mindset)

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The “Time vs. Money” Myth

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Nearly every month the Silver Inner Circle will feature articles about how to “reprogram” your mind to take advantage of our New Economy and all the opportunities it offers

How to Overcome Learned Helplessness

For new business owners–especially someone coming from an employee mindset–trying (and failing) may lead to “learned helplessness.” They may begin to doubt themselves and assume nothing they do is going to work.

The articles you read in Silver Inner Circle will help you identify this problem, and why “failures” are really learning opportunities that help you succeed next time.

The Pareto Principle (80/20)

The Pareto Principle states that 80% of your results come from 20% of your efforts. If you focus on the 20% you will be happier AND more successful.

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The Silver Inner Circle articles will teach you how to identify the 20% in all aspects of your business.

How to Laser-Focus on High-Level Activities

Everyone gets the same 24 hours in a day. Some people are constantly in “reaction” mode while others seem to know exactly what to do at all times. The key is focus.

Every month we’ll show you how to adopt the right daily habits for laser-like focus.

How to Get More Done in Less Time

As your business grows, you need to outsource time-consuming tasks so you can focus on high-level activities.

Silver Inner Circle issues will cover the high-level activities that need your attention, and show you how to outsource everything else with people (employees, Virtual Assistants) and tools (systems, automation software, etc.).

The “Thinking Patterns” of Successful People

Billionaires like Bill Gates, Warren Buffett, and Elon Musk think differently. The way they approach life and business is fundamentally different than 99.9% of the population.

Every Silver Inner Circle issue we’ll feature the thoughts and mindset principles of successful business leaders and show you how to model their thinking patterns.

Goal Setting

It’s said that 90% of the world’s wealth is held by people who make lists every day. That percentage is an estimate, but the fact is that people who write down their goals are more successful.

Silver Inner Circle issues hone on how to set short-term and long-term goals, write them down, and track your progress.

Daily Habits of Successful People

Once you have the right mindset, you have to apply it to your daily life. You must guard your time and instill daily habits that keep you productive and working ON your business (not IN it).

Every month we’ll focus on daily success habits, and how to adopt them for your schedule.

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If you implement just one idea per month, you’ll pay for your subscription 10 times over.

The Silver Inner Circle Newsletter arrives at your doorstep every month … crammed with foundational principles you must master if you want to build a successful business.

Sign Up For Your Inner Circle Now …

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Will You Be Just Another Mike?

Will You Be Just Another Mike?

Remember …

  • I wasn’t smarter than Mike
  • I didn’t have more money than Mike
  • I wasn’t older than Mike
  • I didn’t have more hours in the day than Mike
  • I didn’t have more business experience than Mike

I only had ONE thing that Mike didn’t have …

The success mindset.

And that was the million-dollar difference.

So, you have a choice …

  1. You can say, “Matt, I understand mindset is important, but I need to focus on traffic or emails or webinars or Facebook ads right now.”

And you’ll be just another Mike.

  1. Or you can join Silver Inner Circle and begin to lay the foundation for you own million-dollar business.

Choose wisely. Your future and your family are counting on it!

Best,

MATT LLOYD