Thursday, January 7, 2010

How to Ace your New Year's Resolution

It's not too late to make a new year's resolution. It is still the first month. Few days before New year, I had written and thought about my goals for 2010.
I had posted it here in my blog and even wrote it down in my diary just to keep me reminded of the things I want to achieve and do. When I read a blog from Adam-Khoo's website, a famous entrepreneur who got his first million when he was 26. wow! amazing isn't it. I want to know his secrets and read his insights so I can also be a millionaire before I even reach 30.

I just want to share what I had read from his article about achieving our goals, the reason why most of us fail to accomplish everything and its solutions.

Problem 1: Vague, unspecific goals
Solution: Get clear on what you want because CLARITY is POWER

I learned not to just put in my list as becoming rich, but being specific to what extent. Like, for this year 2010, my goal is to earn 500,000Php in my savings account.
Every month, I should be getting an average of 50,000Php.

Problem 2: Lack of consistent focus
Solution: Focus on what you want daily.

I should always remember what I want. So before getting up in bed early morning, I should think positive and think about what I like to achieve, my goals and before going to bed at night, I have to think again about my goals. To make this easier for me, I am making a visualization board near my bed so I can see it everyday to remind me about my goals.

Problem 3: Interest but not a commitment
Solution: Make a Public Commitment

Ouch! This is really true for me. I told myself I will start going to the gym so I can be healthy and burn those unnecessary fats. But unfortunately, since I was again focused on my stuffs in my office and I felt that I don't have time, I just say "Later, when I have the time." You see, what I realized is that if i kept on delaying going to the gym, I would never be able to accomplish my goal of being fit and healthy. So even if I am interested to be fit and healthy, if there is no commitment, then it's useless. So, I am planning to have a gym mate/partner, probably my sister or friend and will be accountable for each other.

Problem 4: Lack of Personal Power
Solution: Take Charge of your mind and tale action

I guess this is the result of the negativity around us. Just think of positive things like you can do it, don't limit yourself but instead think big and reach it. Be optimistic. I love this quote, "Nothing is impossible with God." and "I can do all things through Christ who gives me strength.", So even God assured us that nothing is impossible. Just be optimistic. Trust God and trust yourself. In everything, just do your best.
Think it. Learn it. Do it.

Entrepreneur 111

 Top 10 Lies of Entrepreneurs

10. Our projections are conservative.
9. Our target market is this big. $$$ BILLION.
8. We have a world class team.
7. Our average sales cycle is 90 days.
6. We have no direct competition.
5. No one else can do what we do.
4. All we need is 2% of the market.
3. We'll be cash flow positive in just 12 months.
2. Our contract with Hollywood will be signed next week.
1. I'll be happy to turn over the reins to a new CEO. 

Faced with lots of difficulties in the market, entrepreneurs think the other way around. He sees an opportunity for every difficulty. Being an entrepreneur is not an easy occupation. Entreps are not afraid to take the risk because taking risks also results to big rewards.
"Think It, Learn It, Do It. " - for me, that's what it takes to be a real entrepreneurs. Many people are trying hard to be entrepreneurs. Only a few made it to the top. These are the people who endures, perseveres, and even if they fail a lot of times because of the business, as what other people say as bad timing, bad economy, economic depression, and so on... they can always see an opportunity.
Here are a few quotations from famous entrepreneurs: Especially for those who are thinking about starting their own businesses..

"It is so easy to say I can get there than doing it faithfully." -- Ira Mae Ang (lol)

"The critical ingredient is getting off your butt and doing something. It's as simple as that. A lot of people have ideas, but there are few who decide to do something about them now. Not tomorrow. Not next week. But today. The true entrepreneur is a doer, not a dreamer."
- Nolan Bushnell, founder of Atari and Chuck E. Cheese's 

"Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service. It is capable of being presented as a discipline, capable of being learned, capable of being practiced. Entrepreneurs need to search purposefully for the sources of innovation, the changes and their symptoms that indicate opportunities for successful innovation. And they need to know and to apply the principles of successful innovation."
- Peter F. Drucker, "The Father of Modern Management" 

"I never perfected an invention that I did not think about in terms of the service it might give others... I find out what the world needs, then I proceed to invent."
- Thomas Edison 

"The important thing is not being afraid to take a chance. Remember, the greatest failure is to not try. Once you find something you love to do, be the best at doing it."
- Debbi Fields, founder of Mrs. Fields Cookies 

"We were young, but we had good advice and good ideas and lots of enthusiasm."
- Bill Gates, founder of Microsoft Corporation 

"Our success has really been based on partnerships from the very beginning."
- Bill Gates 

"Entrepreneurs are risk takers, willing to roll the dice with their money or reputation on the line in support of an idea or enterprise. They willingly assume responsibility for the success or failure of a venture and are answerable for all its facets."
- Victor Kiam, best known for his "I liked it so much, I bought the company" ads for Remington electric shavers 

"If it really was a no-brainer to make it on your own in business there'd be millions of no-brained, harebrained, and otherwise dubiously brained individuals quitting their day jobs and hanging out their own shingles. Nobody would be left to round out the workforce and execute the business plan."
- Bill Rancic, winner on Donald Trump's "The Apprentice" 

"The cover-your-butt mentality of the workplace will get you only so far. The follow-your-gut mentality of the entrepreneur has the potential to take you anywhere you want to go or run you right out of business--but it's a whole lot more fun, don't you think?"
- Bill Rancic 

"Nobody talks about entrepreneurship as survival, but that's exactly what it is and what nurtures creative thinking. Running that first shop taught me business is not financial science; it's about trading: buying and selling."
- Anita Roddick, founder of The Body Shop 

"I have always found that my view of success has been iconoclastic: success to me is not about money or status or fame, its about finding a livelihood that brings me joy and self-sufficiency and a sense of contributing to the world."
- Anita Roddick 

"Experience taught me a few things. One is to listen to your gut, no matter how good something sounds on paper. The second is that you're generally better off sticking with what you know. And the third is that sometimes your best investments are the ones you don't make."
- Donald Trump, real estate and entertainment mogul 

"My son is now an 'entrepreneur'. That's what you're called when you don't have a job."
- Ted Turner, broadcasting entrepreneur 

"I had to make my own living and my own opportunity! But I made it! Don't sit down and wait for the opportunities to come. Get up and make them!"
- Madam C.J. Walker, creator of a popular line of African-American hair care products and America's first black female millionaire

As we can see, all entrepreneurs start from the bottom. It is our choice whether to climb up the ladder or just stay where we are. It's really up to you.