I’m sure you’ve come across different posts regarding the “Millionaire Mindset”, but I assure that this is worth reading.
What is a millionaire? It is someone who has a net worth of over $1 million USD! Below there are 10 steps that you can follow to acquire that MILLIONAIRE MINDSET.
1. BUSINESS MINDSET
You need to understand that you can’t do it all, therefore you’ll have to build a team that will strengthen your vision.
Your team should be able to manage your entire business; from the production to the marketing of the business. This will require you to attend seminars or be part of gatherings to get valuable people and build a team for the success of the business.
2. MANAGE YOUR FINANCES WELL
I’m sure you’re familiar with the 50:30:20 rule.
Where you use 50% of your income towords your needs, 30% towards your wants and 20% towards your savings and debts. If you don’t have any debts to clear, be sure to generate assets with the 20% of your income.
With regards to business, ensure to keep record of every purchase and sale in a form of a document. Luckily! There are filing systems that you can use keep the business’s financial records.
3. INVEST IN YOURSELF FOR YOUR BUSINESS
I’m sure you know that before and during the running of your business, you should invest in yourself regularly. You should get yourself a coach, buy an online course, listen to positive affirmations or be part of a community that serves the same vision as yours. It’s just like upgrading yourself into becoming a better person!
4. ALWAYS NEGOTIATE
Being able to negotiate will do your business a lot of good. It is definitely the catalyst to the success of your business.
You can read the book by Chris Boss on “Never split the difference” to gain more insight on negotiations.
5. AUTOMATE
Make use of email automaters to attract a large number of potential customers, instead of sending them individual emails regarding your product, service or business. This will save you time and energy to do other important things that your business requires.
6. CREATE A SCALABLE BUSINESS MODEL
Don’t just focus on marketing your business, by creating too much content explaining your business on social platforms. You should put equal focus on all aspects of your business model. Create a smaller businesses model, if you need to. This will increase the chances of success within your business.
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7. ADDRESS YOUR FEARS
Fears keep you from taking action for the success of your business. If you are able to address your fears you will be able to find solutions. Such as researching or getting a second opinion before making a decision. Remember, successful people are not ones to make foolish decisions, they ensure to take calculated risks.
8. DON’T WAIT TOO LONG
There’s no perfect time to do something, just remember the 5 second rule and carry on with that idea you have your head! You will learn everything as you go along.
9. CREATE BOUNDARIES
Healthy boundary setting will ensure that you avoid people that take advantage of your services. It ensures that you’ll meet viable people who will contribute to the success of your business, instead of contributing to the downfall of your business.
10. SET GOALS
Your goals will be your roadmap, to compare whether or not you’ve achieved your goals, and take the necessary action to achieve those goals. The most successful people are always planning for the short-term and the long-term and gather a team to implement those goals.
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