Episode #954 December 15, 2023
Owning a Business Is the #1 Way To Accelerate Your Personal Growth, Double Your Income and Take Charge of Your Future
If you’re pondering what it means to be wealthy, you’re in good company. Some people criticize the rich while secretly desiring more money themselves. But how you view wealth says a lot about your chances of achieving it.
Wealth holds tremendous power to unlock new opportunities, pursue dreams, and contribute generously. It’s not about materialism, but about the freedom and impact it can bring to our lives and the lives of others. From providing for our basic needs to confirming our direction and giving back to those in need, wealth can be a force for good in the world.
One of the best ways to “get rich” is to own a business.
Join me as we unpack the 7 Benefits of Owning a Business — and they’re not all about money. We’ll explore techniques to accelerate personal growth, double your income, and become the go-to person for innovative ideas. We’ll also discuss the concept of self-education, and its role in creating a fortune. If you’re considering owning a business or seeking to maximize your potential in your current career, these principles will surely resonate with you.
So, grab your cup of ginger tea – or maybe your Mt. Dew – and get ready for a power-packed episode filled with practical advice, inspiring stories, and valuable resources to help maximize your opportunities.
Questions:
How can I accelerate my personal growth?
How can I double my income next year?
I don’t seem to have any new ideas. How can I be the first to hear about good ideas?
How can I be a person that others come to for advice?
7 Benefits of Owning a Business
- You double the rate of personal development. I’ve always heard that the best way to learn something is to teach it. I’ve learned valuable principles about maximum success as I’ve coached other people to their own highest levels of success. Don’t think you have to be the expert in everything to run a business successfully – trust me, you’ll learn 80 percent of what you need to know from your clients.
- You can make an extraordinary living. Business owners typically make between $80 and $200 an hour. Once you understand the concepts of leveraging your expertise, you can see how $100,000 a year is not unreasonable. And then $300-500,000 seem possible. You can put yourself in the category of any other highly paid professional and see your network of contacts open new opportunities.
- You build lasting, empowering relationships. Having come from a traditional counseling background, this is one of the benefits I enjoy most about coaching. In traditional counseling, you have to maintain a professional distance from your clients and would seldom entertain the idea of actually being friends. With coaching, that is not the case. And with whatever business you have, you will see your relationships as having ongoing, residual value.
- You become a master of life. I don’t know of any other career choice that sets the stage so well for developing excellence in your own life. As I’ve walked through helping clients attain success in physical, spiritual, personal development, career and financial areas, it has prompted me to look for more success in those areas myself.
- You are well-positioned for the next opportunity. I never get tired of hearing about new ideas – and it gives me a driver’s seat position for getting involved if I choose to do so. Your business will set you up to be on the cutting edge of things developing in that industry.
- You get to give your gift. As business owners, we get to just be ourselves all the time. My interactions with clients, our neighbors, friends of our kids, business associates and casual encounters in restaurants and airplanes, all have the continuing theme of helping people find and fulfill their highest calling and purpose. Your business is your best opportunity to connect with people as you offer your solution to the challenges they are facing.
- You will be appreciated. When you truly do provide a solution to someone, they will love you for it. I don’t know of any more gratifying work than to be involved with people as they are moving from mediocrity to excellence – or from having a problem to having an amazing solution.
Owning a business, gives you the opportunity to double your rate of personal development and make an extraordinary living. By leveraging your expertise, you can position yourself as an equal to highly paid professionals, regardless of traditional educational paths. Owning a business also fosters lasting relationships, and puts you in a position to give generously and share your unique gifts with others.
Quotation:
“Formal education will make you a living, self-education will make you a fortune.” Jim Rohn
Resources:
Do you have what it takes to be an entrepreneur – 48days.com/entrepreneur
Watch my video on Serving from a Full Cup
48 Low or No Cost Business Ideas
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Owning a business has brought forth a multitude of benefits, from financial independence to the fulfillment of creative aspirations. One standout advantage for my small business is the integration of Connecteam software, which has streamlined operations, improved team communication, and fostered a sense of unity among employees. The adaptability and efficiency afforded by Connecteam contribute significantly to the overall success and growth of our business.