Tuesday, May 28, 2013

James Malinchak Foundations Of Business That Lead To Freedom

By Stanton Harper


When you're starting out in any business, or starting to branch out in a new direction in your business, it is instrumental that you've done your homework. You need a game plan; you need a blue print; you need a business plan. Think it over, the best played games have coaches with a game plan to win the game. Architects and designers provide the blueprints for the construction workers when erecting a building that will stand through time. Therefore, you have to have a business plan if you're going to move ahead in the right direction. However, your business plan will be so much better if you have the correct people in place to guide you in making educated decisions in how to proceed. My suggestion is always to have a mentor in place.

When it comes to finding a mentor, I may not know who you would like to learn from, but I sure as heck know you would like to learn from somebody who is doing right now whatever you would like to learn. I realize you have likely heard that line of BAD advice, learn from somebody who has been there, done that. Personally, that's a bunch of BS, because if they're not doing it right now, chances are they do not know how the market has changed. They don't know how the technology has changed. Additionally, they don't know how the culture has changed. The only way to learn the right way for the right time that you are doing whatever it is that you want to do is to learn from someone who has been there, done that, and who is still doing it right now!

When it comes to your business, we are building the foundation. You can build a house on a solid foundation or on shifting sand. What do you want? Of course you want to build on solid foundation. Your foundations are finding a mentor who is doing what you want to do, creating a business plan, and mapping out how you want to live your life in specific time frames. Once you have this plan and mentor in place, you are a force to be reckened. Seemingly, once everything is in place, all you have to do it take action, and "always be marketing." By taking action everyday based on your plan, you will line yourself up to fulfill the reasonable goals you set up with your mentor for yourself.

Folks, this is a really important business concept here. You're not in business to run a business. You're in business for freedom so that you can be financially free, have the financial resources to live your life how you would like to live it. Look between the lines to catch the mindset presented here. You're not in business to run a business. You don't become an entrepreneur to run a business. Ask yourself, "Why do I really do this?" Chances are the answer is that you do it because you would like to live your life the way you would like to live it. That's exactly why we become entrepreneurs if you think about it. We do it for freedom to make our own decisions.

Therefore, if you are going to live your life on your terms. If you are going to do whatever you want to do like spend the time with your family, then set up your life to do it. If you want to work 60 hours a week if that's what you love to do, then do it. If you only want to work 10 hours a week, then go hang out with your kids the rest of the time, then go do it. However, you are going to have to set up your life to do it, whatever it is as you define it! That is why you are doing it. That is why you became an entrepreneur. You have got to come at it from that angle or you will never make the right decisions to get your business ahead.

Therefore, the answer to succeed in business is to possess a business plan, but only after you align yourself with the proper mentor to assist you in developing the plan that leads you to what I call, "The Fastest Way to the Cash." Then, with your mentor, you formulate your business plan to create the financial ability to create the life you want. If you don't do these things, it's likely that you'll end up like what Michael Gerber says in "The E-Myth, "You'll find yourself working way too much in your business instead of on your business." Once you get that analogy, you're good to go forward in a successful career!




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