“When you do the wrong thing, knowing it is wrong, you do so because you haven’t developed the habit of effectively controlling or neutralizing strong inner urges that tempt you, or because you have established the wrong habits and don’t know how to eliminate them effectively.” —W. Clement Stone
Self-mastery is part of the “Mind”ing Your Business mind strategy I introduce in more detail in the Business Launch Mastery program and Mastermind. If you really want to be a successful entrepreneur, there are certain habits that are critical to goal achievement and seeing your business vision fulfilled.
In a recent post I mentioned 3 things you can do to be more productive with your time management to get better results and have more balance. We’ll be continuing to go over additional tips that will make getting things done more effortless, but a lot of that starts with mastery in a few key areas of your life which I want to mention in today’s Tuesday Business Tidbit.
Mastering Your Thoughts
Doubt, fear, and a lack of belief do more to sabotage success than anything else. Your thoughts are the root of your actions, so negativity will stop activity, which hinders productivity. The end result is often failure…or even worse, quitting altogether. If you find your progress is blocked by chronic hindrances, indecision, and confusion, taking the time to look at your core beliefs might give you a new awareness of what needs to change. When you do the wrong thing do you struggle with the guilt and shame of that mistake? Are you held bondage by past failures, a negative environment, lack of forgiveness and personal grudges, or low self-esteem? If this is you, I have access to some great coaches who can help you identify what may be blocking your business and personal success.
If you’re doing well in this area, the 3 questions to ask yourself are…
- How well do you utilize your time? (Planning and Priorities)
- How successful are you at staying on task? (Focus)
- Do you think empowering thoughts? (Belief)
Mastering Your Time
When it comes to time management, I think one of the biggest hindrances is the belief that you have to do everything yourself. I struggle with this one and have had to look hard at myself to determine why I tend toward micro-managing…and even perfection at times. Again, it usually gets back to mastering our thoughts in order to let go of control and delegate to others the things we don’t need to do. I encourage mind mapping your strategies and tactics to incorporate leveraging and outsourcing into your plan so you can begin adding the systems and budgeting costs into your bigger picture. As my cash flow grows, I’m beginning to outsource more, which frees up time to do the things I do best. If a particular aspect of your business launch is standing in your way of progress, hire someone else to do it. It’s just that simple!
The other big time waster is the excess we allow to accumulate in our lives…excess email in our inbox, excess paperwork that just doesn’t seem to get filed away, excess stuff in our lives and business that we often don’t use or need. Simplifying your workspace and life can free up a lot of time and creativity.
The keys to consider here are…
- Am I leveraging my time through using systems, delegating tasks, and outsourcing?
- Am I freeing up productive time by having a plan in place, files and data organized, and a space to work that is free from clutter?
- Am I achieving goals because I have clearly defined and written them down, targeted dates for completion, and put accountability in place?
Mastering Your Money
Do you make wise buying choices or jump on every training offer and opportunity that comes along? Have you wasted money on unused mentoring or training? Do you make buying decisions impulsively or strategically? Having a clear vision, and then planning and budgeting to achieve goals is the beginning of mastering your money. Money, or the lack of, is one of the primary obstacles to successfully launching and growing a business. If you’re an entrepreneur, a basic knowledge of finances and budgeting is critical, and managing your cash flow will determine how fast and effortless your business launch will be. Even if you outsource your bookkeeping, you should have a basic knowledge of how you are spending and make sure you understand the reports that are generated to keep you on track with your budget.
Some of the important points are…
- Having a start-up budget in place (How much will it take to effectively launch?)
- Having an operational budget in place (How much do I need to stay in business and grow)
- Having a personal budget in place (Do I have enough to live on while planning and launching?)
- Having a contingency plan and resources lined up for the unexpected
- Having the discipline to manage your budget
Do you frequently do the wrong thing and want to shift your thinking? Are ready to Mind Your Business through the habits of self- mastery? The great thing about self- mastery is that we have the power to change the way we think. We can control the way we spend our time and money. So, if you struggle in this area, I encourage you to get some help in those weak areas and find accountability to change those habits that can hinder your progress. Just a few tweaks in daily habits can lead to a life of productivity and purpose.
Let me know if you need help!