Learn to Delegate by Empowering Managers and Teams

Problem:

Delegating was a tough skill to learn.  I had to get over some personal baggage and deal with all the psychological barriers of handing off work to another person, let alone a team of people who were – I dare say – better than me.  Gasp!

But delegating, outsourcing – whatever you want to call it – was only the first step.  I grow my business further and to really create that time freedom that I’ve always wanted, I have to take it one step further.  I’ll have to bring in a manager to handle the business.

Learn to Delegate

Just remember, I have a lot of baggage…

It isn’t easy to just let go of that decision making authority, but to really grow your business, you have to empower managers.  You have to take on a higher purpose role of being the leader and visionary in your business.

Objective:

  1. Discover how to make use of managers.
  2. Getting the most out of your teams.

Time frame:

As with most personal development skills, this won’t happen overnight.  One way to grow your skill and gain by-in from your team is to share your objective of being a better leader and empowering them with more authority and responsibility.

Action Plan:

Step 1: Vision Casting

Just as the steps to delegating to your team, we begin with the organization’s goals.

Notice, this is the ‘organization’s goals’ and not your own personal goals.  When you begin to build a business, there will be a point when you have to stop equating your business goals with your own goals.  While your personal goals might be to meet the business goals, your business goals should not be to help you mean your personal goals.

Does this sound counter-intuitive?  Let’s think this through for a moment.

The true purpose of your business is not to make you happy.  The true purpose of a business is to make its customers happy.

Happy customers = happy business.

And as a business owner, happy business = profits.

With that in mind, you have to set a vision for your team to follow.  This is the ‘true North’ your company follows and positions your team towards a positive, idealistic goal.

One way to think about this vision is a measuring stick your employees can use to evaluate their decision making.  By asking the question does this action align with our company’s vision, they should be able to determine whether the action is beneficial to the company long-term.

Still stuck on what your vision statement should be?  Check out these 20 Sample Vision Statements from lifehack.org.

Which brings us to the second step…

Step 2: Creating Alignment

You have a vision statement and you’ve rallied the troops behind it.  Now what.

What you have to determine has a manager of managers and as a leader is does it resonate with your team?  Does your vision appeal to and inspire them to take action?

If not, you might to do a little more soul searching.  But assuming that your vision statement takes hold, you should consider the ways in which you wish to see this vision played out day-to-day.

Now is the time to have your managers and team members chime in on what they believe they can do to achieve that vision.  While the vision will be so idealistic that it’ll never be reached, each team member should be able to do something actionable to work towards that goal.

As they contribute ideas and strategies on what they’d like to see in the workplace and in their work, you are creating ownership and by-in to accomplishing the vision you’ve set forth.  This stage is often called the “Agreement Stage” as you are getting your organization to come up with what they’ll agree to do to help the company be successful.

You’re building consensus and the only way to do this is by getting folks to take ownership of these goals.  Take their contributions and draft up your “Corporate (or ‘Company’) Culture Agreements” document with the different thoughts folks have shared.  This document can then be presented to every employee for them to sign and acknowledge that they are willing to abide by these conditions to make the company successful and work towards it’s vision.

If you’ve done a good job of developing consensus, getting folks to sign off on this document should be the next logical step.

Step 3: Delegating Decision Making

As you continue to grow your business, you cannot be the decision maker on everything.  In fact, the only way for your business to grow is to be less of a decision maker.

What you’ll find is that the decisions you’ll be making now impact the entire organization.  You teams should be autonomous.  Managers should be able to make decisions for their area of responsibility.

And you’ll notice that there a several “should’s” in there.   If it were that easy, we would all be successful at delegating responsibilities.

But if you’ve gotten this far, you’re on the right track.

Your manager(s) should have a clear vision of what it takes to make the company successful now.  Your role now, as a leader, is to help them develop as managers.

This means clearly communicating to them the responsibilities and expectations you have for them and setting a clear goal for them and their team to achieve.  And it is their team now.  He or she should be taking ownership over this team and it’s responsibilities.

With this responsibility comes the ability to make certain decisions.  There must be some freedom within the role.  Start off by being very specific and deliberate in the decisions that can be made within the team and what you want to travel up to you.  As you see success, you can continue to transfer decision making to your manager so long as it is within the scope of his/her responsibilities.

Remember that you have to be clear about the responsibilities you want your manager to oversee and not overload a single person.  When the need arises, look at building more teams and bringing on more managers.

Within my own business, I look at my role and responsibility as the person to help my managers get the resources they need to be successful.  When necessary, I will work to remove any obstacles in their path.  If they’re the ditch diggers, I’m the person clearing out people and traffic ahead of them so they can keep making progress.

Today that’s my job, but one day there will be a team for even that.  And ultimately, my role will be solely ensuring that each manager on my team is meeting their goals and expectations.

Summary:

Whether you’re hiring your first manager or your 50th manager, vision casting and building alignment is a crucial component of any successful company.  As you continue your entrepreneurial journey, remember that one of the ways successful people grow is learning to let go.

You can build a multi-million dollar corporation when you start to realize that you can’t do it all on your own.  In the end, you need a team and you need to delegate.

And if you’re looking for more insight on how to delegate, outsource or automate your business, contact me for a free 15-minute consultation.

Cheers!
-Alex

Inspired by: https://www.teresdevelopment.com/blog/empowering-managers-and-teams-to-make-decisions-to-achieve-your-vision

Why We Don’t Delegate Enough And How To Get Better At Delegating

Problem:

There’s loads of psychological reasons for not delegating and if you’re like me the main one is that you’re a perfectionist.

As we dig deeper in to delegating and outsourcing, we’ll see why you have to let go of all your notions of perfection if you want to truly grow your business. I’ve faced this issue at many stages of with my own company and each time I have to let go of another piece of my business, I feel more and more expendable.

But the other side of the equation is that we have the opportunity to grow our business exponentially when I get out of my own way.

Working-through-getting

Don’t be your own worst enemy. Get out of the way.

Today, we’ll be deep diving into the psychology of Pride and why its holding you back in your business.

Objectives:

  • Understanding the psychological barriers that Pride creates.
  • Learn how to overcome them to get better at delegating.

Timeline:

These concepts can take a lifetime to master, but most will take consistent practice over the next 4-6 weeks to make stick. That’s about how long a habit takes to stick in most cases.

Action Steps:

Step 1: Recognizing Your Personal Ego

While’s its a hard pill to swallow, many of us have an ego. As a business owner myself, I can relate to want to do everything on my own.

At the beginning, I thought it was fear talking. People won’t do it as well as I do it. My customers won’t be happy with the quality of work. This job just won’t be done right.

But what I realized over time is that it wasn’t fear, it was my own ego. I didn’t think there could be anyone as capable as me or as qualified as me to run this business. I needed to do everything because, clearly, I was the best.

This is the trait that takes over when we micro-manage, don’t let go of tasks, and don’t empower our teams. It’s lack of trust in the ability of others, but more than that. It’s an inflated sense of our own abilities and expertise.

If you really want to see your business grow, recognize that you have a personal ego and learn to let go of your pride.

Step 2: Stop Overcompensating

Are you overcompensating?

A more subtle way that pride sneaks in is as overcompensation for fear and insecurity. There are times when we begin to worry about our own abilities and whether we’re replaceable.

When our ego (self) get’s threaten it tends to lash out and react in a way to protect itself. In this scenario, if you believe that you’re replaceable, you won’t get credit for the job well done and have a need for attention your business will suffer.

Realize that these thoughts come from a deeper place of insecurity and that the most important thing that you can do is to be aware of your invisible scripts. As you uncover these self-destructive thought patterns, begin to question how you can shift your mindset and perspective on each of these issues.

Instead of being afraid of being replaced, I began to think about being replaced in my business as a key to having more time freedom. I changed my thought pattern from fear of being unimportant which made me cling to my work and tasks at hand to excitement for having more personal freedom.

Does this sound funny at first? Sure. But these are deep issues that take time and introspection to sort out. You won’t find everything over night nor will you be able to change everything all at once. But over time, you’ll see that you can be a better leader in your business by learning to let go of your fears and insecurities.

In fact, you can do even more than letting go. You can transform these thought patterns into positive reinforcement for success in your business.

Step 3: Trust Your Team

The last part of the formula is relying on your team.

We all want to be great leaders, right? If your answer is no, just click the ‘X’ button in the corner right now.

What happens when you let your ego run the show? I believe that it turns us into a de-motivator. Instead of being excited to be at work, our employees or partners get frustrated with us and don’t feel like we value their contributions.

When we don’t trust our team to get the job done, we’re just adding overhead without maximizing our benefit. Employees and contractors should be guided by your vision and the goals you set for them. But they should be allowed creative oversight over how to reach that goal. This is how you empower your team.

Depending on the job, you may have more or less structure over the process. But at the end of the day, you should be able to hand over a task with a deadline and get good results.

When you begin to realize that your team is the true lifeblood of your organization, you must also realize that your role is to encourage and motivate them to be top performers. When you try to hoard all the credit and exalt yourself, your team’s morale will suffer. And when their morale suffers, so will performance.

Be lavish with your praise and minimal with your criticism. Yes, you have to offer correction and guidance, but if you’re only seen as a critic and a micro-manager, how do you expect your team to do their best work?

Summary:

Many times we let our need recognition and control to drive our decision making. When we let our team take the helm and entrust them to run your business, some great things start to happen.

When I stopped believing that I was the only one who could manage the invoicing and bookkeeping of the business, I was able to contract a part-time bookkeeper to help us with record-keeping. I now have more time to manage our consultants and relationships with clients. And I soon realized how bad at record-keeping I really was.

Finding the right team members is one of the toughest jobs that a entrepreneur can take on, but without understanding your own psychological hang-ups even an all-star team will fail.

Ultimately, you are the boss and if you don’t lead your team no one else will. The more self-aware you become, the better you can lead.

And if you’re looking for more insight on how to delegate, outsource or automate your business, contact me for a free 15-minute consultation.

Cheers!
-Alex

Inspired by: https://medium.com/the-art-of-delegation/what-keeps-us-from-delegating-93dd8270dd23

3 Skills You Need to Stop Being an Employee in Your Own Company

Problem:

One the the big problems that I have in running my own business is feeling like an employee.  This often means working long hours in my business.  If you’ve felt this way before, you know how burnt this can leave you.

Michael Gerber’s E-Myth Revisited is an excellent book which talks about the three mindsets that all entrepreneurs have and how to start working on your business instead of in it.

Delegate Your Business

I read this book for the first time 2 years ago and it has been a tremendous asset to my business thinking.  And it covers an issue I think many of us face.

The biggest problem is that I’m a perfectionist.  I have to have things done my way or no way at all.  It’s a personality flaw that I think many of us have.  It keeps us from success, though.  The same trait that makes us top performers is holding us back from the ultimate success in life.

Don’t let your perfectionism hold you back.  You need to learn how to delegate and manage a team.  You’ll start to get your life back and your time which is better than the alternative – working yourself to death.

Trust Me.  Been there – done that.  Not Fun.

Objective:

  1. Develop a strategy for delegating responsibilities to your employees.
  2. Implement the strategy for successful delegation.

Time frame:

Drafting your delegation plan can take up to 2 weeks, but gets quicker the more you do it.  Implementation depends on your relationship with your current employees and the systems you already have in place.

Action Plan:

Step 1: Planning

This stage is spent identifying your goals and objectives.  What are you trying to achieve within your company?

Are you trying to sell more Jimmy John subs?  Are you trying to be the Tropical Smoothie king?

For me, its cranking out quality content every single day and currently its a team of one.  But after my 30 day challenge, I plan to take my experience and turn it into a job that can be outsourced.

Sometimes, this phase is just you creating a specific result or accomplishing a single task.  The more you can create a routine around the task and build a system, the easier it will be to delegate.

At the end of the day, though, you must have a clear objective of what your end result should look like.  There must be a clear guidance on how to accomplish the task as well.  This is all part of creating a system.

As you develop your system and conduct your planning, consider timelines and dates that you need tasks done by.  These will be important to communicate to your team and will ultimately become one of your measures of success.

And finally, don’t forget to consider the resources needed to make your team successful.  This may take the form of tools, money, time and/or expertise.  Make sure folks have the right skill set for the job, or you’re just setting them up to fail.

Planning should make up roughly 50% of your time as a leader, visionary and Master Delegator.

Step 2: Organizing

At this stage, we’re taking the plan and allocating resources to meet each one of the goals.  Sometimes, you’ll have to work around constraints and you’ll realize that not all goals can be met on day one.

And that’s OK.

When you decide that you’re going to delegate, you’ve made the decision to entrust your team with the responsibility to execute on your behalf.

You have to also expect that some task might take longer than expected or they might require more resources than you to do the same job.  Part of organizing is monitoring and aligning resources for your employees to get the job done right.

It’ll be important to track their progress and give them clear metrics to measure success by.  These are all things that should have been considered in the planning phase, and you’ll be glad that you did it ahead of time.

As you continue to grow your business, you’ll find 30% of your time spent organizing your systems and helping to align resources with goals.  A very crucial part of running your business.

Step 3: Leading

The final piece of the puzzle will be leading.  Every business needs a leader at the helm of the ship guiding and giving direction.  You are that leader.

You have to be strong.  Not necessarily ruling with an iron fist, but you must be able to take charge.  Remember that its your business.

The flip side of this is that you must be able to be honest and have clear lines of communication with your employees.  Focus on building a culture of trust and understanding motivations.

As an entrepreneur your focus should be not just goal setting, but vision casting.  Employees and contractors alike should be inspired by the work that you want to accomplish.  Give people something to reach for and then let them go after it.

There’s a lot that can be said about leadership and how to inspire others, but today recognize that you’ll be spending time regularly communicating your vision to your employees and will be responsible for the culture of your company.

This is the final 20% of the equation and often the most overlooked portion.  You can only get so far with the first two pieces.  This step will take you the rest of the way.

Summary:

50% Planning; 30% Organizing; and 20% Leading is the equation of delegation and management success in my opinion.  Having observed it first hand at a large corporation and implementing it in my own businesses, I have to encourage folks to spend time thinking about these things.

Not everything you do will be a success and delegating is one of those activities that you cannot learn through a text book or a blog.  You have to work at it and actually practice it.

If you’re ready to start delegating a task, start now.  Don’t wait.  The experience you’ll gain will lead to a lifetime of success.

If you’re looking for more insight on how to delegate, outsource or automate your business, contact me for a free 15-minute consultation.

Cheers!
-Alex

Inspired by: http://delegatedtodone.com/isnt-it-time-to-stop-being-an-employee-of-your-own-company/

 

Personal Log – 003

It’s week three and I’ve found the Holy Grail!!!

At least it feels like it.  I’m going to get really specific this next 30 days and get deep into my subject matter.

And the crazy thing that I’m going to be doing is publishing posts daily for the next 30 days.  Insane, right!

For a site that talks about outsourcing, I’m going to be doing a lot of in-sourcing and hard-labor.  But that’s the true secret to living the outsourced life… Its something no one wants to talk about.

I’ll let you know the dirty little secret about the outsource life…

It takes a lot of hard work on the front end.  It take’s stamina and dedication to your craft and honing your skill set.

More than all of that though, it takes a system and a mindset shift.  The struggles that we face today are always the creation of our past paradigms.  Our thinking is the cause of our success and failures.

How do we change our thinking though??? I can’t think myself skinny (or muscular in my case), can I?

No, thinking is only the beginning.  Hard work and dedication is the other part of the equation.  It’s the 80% in the 80/20. Though the 20% is just as important if not more.  Without shaping our thoughts properly, we’ll get lost in doing the wrong things and wasting our precious time.

I’m here to help.  Don’t stress out and worry.  I’ve been the basket-case that wants to pull my hair out after failing to execute time and time again.

I’ve also wasted months and years doing the wrong things and gotten angry and frustrated about my lack of success.  There is hope though.  There is a better way.  Learn from the mistakes of others and keep challenging yourself to grow.

That’s my ra-ra speech for the day.

Back to publishing every single day. 

I did discover a very useful guide on content creation (remember, I need help with execution).

Here’s a brief summary of the guide contents (or you can read the whole article yourself).

Figure out what you want to publish and why.

  • If its boring and you’re not passionate about it, for-get-a-bout-tit (now I’m Italian)
  • Why do you want to have a blog?  Be honest about how much money you want to make and why.
    • Your goals really do matter and making money is the means to and end.
    • Don’t be ashamed of wanting to make money or lots of it, I’m not.
  • Figure out how you’re going to monetize your site.  Pick only ONE strategy (for now).
    • There might be many different ways for you to make money online, but if you try to do too many things, you’re never going to succeed.  Make one strategy work before trying another.
  • Validate that your product/channel will work by getting 3 sales before using it to monetize.

Content Creation

  • Use the 1-in-1-out strategy
    • If you’re like me, you read a lot.  I mean a LOT.  But do you retain half of the junk that you consume?  And each time you get a useful nugget, does it really go to good use?
    • This strategy is simply to take only one piece of content that you consume and turn it into a single article / post.
    • When you read 3-4 articles a day, consume 1-2 Blinkist summaries, and digest another YouTube or two; there’s a lot of content that you could teach others.  Stop hoarding your knowledge and share it with the world.
    • This slows down your consumption of information and helps you make it more usable, too.  When you have to summarize and create articles out of this content, you actually learn it better and you also have a reference guide to go back to in your own words.  It’s a 4xWIN because you also help the original content creator plus your audience.  And I’m all about winning — cue Charlie Sheen.
    • Have at least a 30 day content plan.  Make sure you have a list of articles and URLs that you can use to generate articles so you don’t have to go looking for content each day.
  • Have an Evergreen Structure
    • Create a template for your posts to make writing easy and consistent.
    • I’ve been working on creating an Action Plan type of post format which states a problem and how to solve it.  It’s how my mind works when I look up articles; and I like to find solutions.  I’m working on fine tuning my template to maximize my effectiveness in both post creation time and usefulness for my audience.  (I’m always looking for feedback, so please leave me comments.)
    • Each person’s will be different depending on your topic, but the article covers some SEO tips including proper tagging, an image above the fold with a quote or other signature detail that is consistently on each post, and using your keywords within the article.  Check out Yoast SEO plugin if you’re using WordPress for a handy way to be SEO ready.
  • Email Collection strategies
    • Be sure to collect e-mails and your copy writing can be very minimal to make this work.  This article is coming from SumoMe.com, so of course, they’re offering their tool set of Welcome Mat, List Builder and Scroll Box.  There’s tons that you can do with these tools for free and I use them myself, so definitely check out how to use these tools more on their site.
  • Promotion
    • After you finish creating your content, you should focus just as much time on promotion.  Content is worthless if no one can find it.  (AMO TIP: Once you create a system, you can outsource this piece.)
    • Create your checklist of places to submit this content to like StumbleUpon, HackerNews or other sites that fit your domain.
    • Think about scheduling out Tweets, Instagram updates, Snapchats, and Facebook updates using a tool like HootSuite.
    • Don’t forget to e-mail your post to one person you know and let them know you were thinking about them.  A personal touch goes a long way.
    • Once when you have system set, it should take you no more than 15 minutes to execute on your promotion plan.

Publish Every Day

  • I’m working on turning this into a habit, but who knows what tomorrow will bring.  My goal it to create 5 posts each Monday evening and schedule them out for the week Monday-Friday.  Then on Saturday / Sunday, I’ll spend some time generating 2-3 posts to fill in the gaps.
  • The advice the article gives though is to set a rigid schedule that is planned out and allows you to work on your posts every day at the same time.  To block out your schedule.  It’s a great strategy and one that I highly encourage…
    • It just doesn’t work well for me.  I work best in concentrated bursts, so while Pomodoro might be a great strategy for many people, I prefer the 90 minute power session with a 30 minute break afterwards.  I do two of these power sessions each Monday night and I normally get more done over those 3 hours then I do the rest of the week.
    • Whatever your strategy, do what works best for you.
  • Execute like a champ.  Don’t stop publishing and executing every single day.

That’s the gist of the post.  It was a great piece and truly the only strategy I feel that I’ll need to create a successful blog.  Maybe you’ll be using this strategy too to create an amazing blog.

Remember this was a high level recap of the mega-post they had on SumoMe.  If you’ve enjoyed it, I highly suggest reading the whole thing on their site.

You’ll learn a lot.

Believe me.

Finally, will you be my accountability partner? 

I’m planning on making this strategy work for at least the next 30 days and I’ll be reporting back on whether it worked for me or not.  If I start missing days, comment and tell me that you want more posts.  I’m working hard to make this site work for you.  Your opinion matters.

Cheers!
-Alex

Financial Independence -Learning from the Rich

Problem:

If you’re like most of us, you’re looking for the road to financial independence.  I’ve been searching for the perfect system for allocating my assets.  Instead of trying to just figure it out, I decided to learn from the people already successful.

Why Reinvent the wheel right?  So, what is you’re financial goal?

Do you want to be in the top 20%, top 10% or top 1%?

Why not study how the rich invest and copy what they’re doing?

 

Simply put, the middle class keeps most of their assets tied up in their house or home.  That “American Dream” is actually holding you back on your financial freedom.

Now I’m not knocking home ownership, I’ve got a house myself.  And many folks look at it as a huge personal achievement.  It’s a self-esteem booster.  So, I’m not discounting the impact home ownership does for your life.  But if most of your net worth is tied up in a house, you might be doing this investing thing wrong.

What are some options for the budding entrepreneur who wants to reach for the top 1%?

Objectives:

  1. Build an asset allocation strategy to match the richest 1%.

Time Frame:

A Lifetime.  Keep working at this strategy.  The earlier you start the further ahead you’ll be, but remember it’s never too late to start.

Action Plan:

Here’s a few tips –

  • Rent and not buy when you’re starting out.  
    • Stay cheap.  Unless the housing market in your area makes the mortgage payments combined with taxes, insurance, utilities, HOA, and on-going maintenance make sense for you.  You’re probably better off renting when you’re trying to build up your assets.Don’t forget that you’ll have to mow that lawn, do landscaping, furnish all the space you now have and do repairs when things break.

      And disconnect your hoses during the winter – frozen pipes are no fun.  Learn from my first year of home ownership…

  • If you decide to purchase real estate, make it a duplex or small apartment which you can rent out to others.  
    • You want assets.  And an asset makes you money.  This is where you want to spend your money and credit (e.g. first mortgage) on to build up cash flow / income sources.

      Take a look at that 47% allocation in Business Equity and other real estate.  This is that ‘Other real estate’ part.  You can become a multi-millionaire by just doing this one thing, over and over.

      Money in real estate is a proven path to success, but it takes time.

  • Business Equity is the other big chunk of the pie.
    • If you’re in a corporate gig and still a desk jockey, that’s OK.  You’re building up experience and that’s personal equity and intellectual capital.  But if you get the chance to advise on some projects on the outside and take a piece of equity, now you’re on the road to millions my friend.

      While I still work a 9-to-5 to keep the lights on, I participate in a tons of entrepreneurship activities around town.  And every so often, I get invited to help advise on a project.  I normally help folks pro-bono and truly want to see folks succeed.

      But there’s some projects where they see the value of having me advise long-term and I normally receive some ownership of the company in the form of 5-10% equity, or milestone bonuses if I can make a significant contribution through my network.  This is one way to get business equity…

  • The other way is to start your own business.  
    • I’ve started a few companies in my few years of business experience and each one has different challenges.  The lessons I’ve learned is that you don’t need everything to be perfect to get started.  You need an idea, some validation (get paid) and then a lot of execution.

      Normally, things don’t go according to plan anyways.  Projects fail, but life goes on.  You’re best bet at succeed at your own business is to start one up and give it a try.  If you fail, who cares, dust yourself off and try again.

      Do: Keep track of the lessons learned from each attempt and every experience.

      Don’t:
      Take out a ton of debt or borrow money from family and friends to try to start your first business.  If you can’t make money on day one by selling your product or service, or if you can’t pre-sell the concept to enough people to get started, try something else.

      If you can find partners to invest in your idea though, that’s good enough in my book.

  • Financial Securities is the other key investment.  
    • Everyone’s starting position is different, but if you can allocate even 5% of your income each month into stocks and bonds, you’re going to be sitting pretty in a few years.

      The key to financial investments is to keep it simple and to keep investing.

      People have all sorts of crazy ideas when it comes to investing money and everyone’s got an opinion.  But the truth is no one can predict where the market is going to go and what an individual stock is going to do.  They can only make educated guesses.

      Having started my career in derivative trading and later private equity, I’ve seen how most of the analysis is done in the pit and by the ‘big boys’.  My advice to the common investor is to use a site like Betterment or Motif Investing to manage your portfolio.  80% S&P 500 Market-Cap Weighted Index ETF and 20% in a Diversified Bond ETF.

      If you use Betterment, set up your account to automate your deposits and automatically re-balance each time there’s a new deposit.

      If you use Motif Investing, you’ll have to manually re-balance your account through their system, but you’ll be able to offset costs by depositing cash each time you do it.

      I personally started with Motif Investing, but now looking at moving over to Betterment because of the automatic system.  Remember, this is how you want your systems – automated.

Summary:

That’s all I have to say about portfolio allocations today.  I think there’s a lot of good that can be gained by looking at what the rich are doing.  If you can focus on these two types of investments, you’re on your way to making millions.

Two key points to remember:

  • Assets create Income / Liabilities create Expenses
  • Set Aside a portion of Your Income Each Month for Assets

Keep bettering yourself each day and if you like this article, you can receive more like it each week from our weekly newsletter.  More details to come.

Cheers!
-Alex

Inspired by: https://www.motifinvesting.com/blog/acquire-assets-like-rich

Personal Log – 002

This draft is a little late.  Due to the hecticness of last week, I wasn’t able to get my dedicated Monday night time.  So…

Week two – I’ve failed already.

But failure is where we discover our true character and how we react in the face of failure is telling of our resilience.  I want to be more resilient.

This week has been filled with adventure as my organization sent me to a three day Leadership Dynamics workshop… and what I learned was amazing!

Ever heard of conscious leadership?  Neither had I.

I’ve heard of being aware and conscious of your behaviors and all the self-development, psychology talk that is in the entrepreneurship space, but this was a bit different.

Day 1 – Introspection:

We received 360 feedback and reviewed our Strengths Development Indicators and a couple of other models of our motivations and how that works with the motivations of other.  Very interesting stuff.  Turns out I’m a mix of all three nature and supposedly very flexible.  But that same strength is my weakness because at times I’m indecisive and/or I can’t stay focused… hold on my dog is wanting to go out…

Day 2 – Triggers:

We covered analysis of our behaviors and what happens to us when we react to specific circumstances, people or things in general.  There’s a lot going on behind the scenes and we looked at what 6 year-old Alex was really thinking when he gets pissed off by some guy cutting him off on the highway and driving 5 miles per hours after!!!

And its not just getting angry.  Apparently, there’s all sorts of invisible scripts going on that we’re not aware of and as we work through these exercises, I had a couple of eureka moments.

Day 3 – Conflict Resolution:

Finally, we started covering strategies on coping with conflict.  We talked about resiliency and how to improve it via physical exercise, preparedness, breathing, etc.  Really good stuff.  And also how to deal with the psychological games that people play in the work place or in life in general.

Am I a better leader because of all of this?  Too early to say.  I know I learned a lot from this, but it’ll be a daily challenge to implement some of what I learned.  I’m excited to share with you guys this experience and I might get into some of the exercises and training in more detail in another post.

That’s my time for today.  Cheers!

-A

Personal Log – 001

As all of my content on this site is iterative, this Personal Log will be no different.  I plan to use this to track and document my progress with building this website project and other life experiences along the way.  Thank you for joining me on my journey!  Cheers!

4/11/16 – My first Monday Session

Since launching this site in January of this year, I’ve been playing with the concept of teaching others how to outsource aspects of their lives.  As I continue with the ZTL Program, I keep refining my audience and my goal is to help entrepreneurs and small/mid-size businesses grow through outsourcing.

This is my first Monday session of many.  I’ve decided that each Monday, I will dedicate the evenings to pursuing my entrepreneurial activities.  On top of an active schedule during the day, volunteer time and family time in the evening, I love pursuing business.  It’s what truly makes me tick.  So, each Monday will be my night where I get to take some time to each dinner out on my own and work my butt off on building blogs, drafting RFPs, writing e-mails and all these other business related tasks.

Some of these tasks could be outsourced… OK, many of these tasks could be outsourced.  But these things take time.  Baby steps.

I’ve been spending most of my time tonight researching more about the outsourcing industry and how others have succeeded in this space.  It’s quite interesting how many people have successfully built businesses through outsourcing aspects of their work.  Amazing really!

As I continue to write more and grow this site, I want to pause for a moment and thank God for the opportunity to do all that I do; to have access to the technology and prosperity of this generation; and to be so very blessed and highly favored.  I always want to stay grounded in my faith and be reminded that I am but dust, here today and gone tomorrow.

But if I can leave one legacy, it would be to pass on my knowledge and experience to future generations that they can be better than we ever were.  This is my prayer that the world of our children’s children be filled with Joy, Love, Peace and all good things.

Alright, before I get too sentimental… this log right here is truly a peak into my mind and my approach with building this site.  I hope you enjoy reading this as much as I enjoy writing it.  Writing helps me to clarify my thoughts and opens me up to what I truly want to express.

If you would indulge me a little further, I think that you will find that life is as long or as short as you make it.  I hope you make the most of each moment of your life and the only way to do that successful is to focus on what you are best at and love most.  Don’t waste a precious second doing anything that you don’t need to be doing.

Maybe you can’t relate to what I’m saying today.  Stick around and maybe I’ll convince you.  You’ll come to see the LIGHT… just maybe, I’ll make a believer out of you, yet.

If you haven’t already, download your free 3 Life Questions Guide.

And if you want to keep moving forward in outsourcing your business, you’ll need to figure out these three things:

  • How Much is Your Time Really Worth?
    • Make More Money and Stop Wasting Your Time
  • Are You the Best at What You Do?
    • Key Strengths & Core Competencies
  • Where Should You Begin Outsourcing?
    • 3 Common Tasks You Should NOT Be Doing

Don’t worry, these articles are coming soon. 😉