9/14/2013

Eight Keys For Forming Business Habits


There eight principles that apply to form a new business habit, and they help other areas of a person’s life.  How you understand, and implement, each principle depends on where you are in the life cycle. 


Students will see ways to enhance their education.  Employees will see ways to increase their value and subsequently increase their income.  Entrepreneurs will find the keys so enlightening that they will want to share them with everyone … which is what I do.


Eight Keys to Forming New Habits

1. Use your own stuff:  If you do not use your own products, it is like you are selling a horse, when in reality the prospect sees the old man.  (See the man on the horse, by seeing the old man’s nose as the horseman’s elbow.)

Zig Ziglar tells the story of a sales trainee who could not overcome the “too expensive” objection.  The trainee had not bought his own set of $1,200 waterless cookware because he believed he could not afford the pots and pans.  Using your own stuff allows you to share a personal experience, which will show a client that you love the product or service.
Similarly, I could not sell a RedOx Machine until AFTER I had created and used one long enough (a year) to experience an overt improvement in my health and well being.  As John Jollife, a business psychologist commented at a seminar I attended years ago, “Truth leaks.”

2. Sell some stuff: Everyone has something they want to sell AND a sale does not necessarily involve money or even bartering.  For example, the Grand Master chess player Kenneth Kirkland has to sell people on the value of learning to play chess in order to strengthen logic and focus.  The process of sharing personal knowledge and experience (not necessarily selling something for money) with others reinforces your belief in what you are selling or promoting. 

Competitive chess is also a good example of the “old paradigm” of business (dog eat dog) because each player is intent on winning the game.  Each person wants the other person to lose.  In contrast, teaching someone (especially your own children) how to play chess is a “new paradigm” because the chess teacher is not intent on winning but really seeks a win-win … the teacher really wins when the student finally beats them.
3. Teach others #1 principle and #2 principles: This is intentional viral marketing, sometimes called “cloning.”  A grand master chess champion both plays chess and teaches chess.  He would like nothing more than having one of his protégés become a grand master, so the student becomes a teacher. 

I have made three referral sales of RedOx Machines from three users of the machines (actually they did the whole sales presentation … their experience). 

In “old paradigm” marketing like TV and print advertising, a coast to coast blitz would cost a $100 Million, with no guarantee of a single sale.  Based on studies of conventional advertising, a consumer has to see an ad at least 17 times before a sale even becomes potential.  Prior to 17 exposures, consumers do not instantly recognize the product. 

In contrast, one friend telling another friend, “out-mouth-advertising” just has to happen once.  That is why “out-mouth-advertizing” is very efficient.
4. Find and use a coach: In “old paradigm” business, coaching primarily happened in large corporations.  In contrast to large corporations, small business coaching was minimal. 

A small business owner who coached an employee would be concerned that the employee would use what he learned and start a small business … thereby becoming another competitor.

In the “new paradigm,” coaches abound (particularly in the online business community).   Coaches teach how to market a product, set up a webpage, refine your sales techniques, discover and correct limiting beliefs, ad infinitum.  Personal and/or business coaching is becoming one of the fasting growing businesses in the USA (hear Bob Proctor in http://www.symbiosis4u.us/MP3/BobProctor-Coaching.html (6 min) talking about his coaches).  

In the past decade I have had two coaches: One is a retired millionaire who lives on a ten acre mountain top estate near Redding, and the other is a general contractor who lives in Placerville.  The millionaire coached me on economics (he taught me that I did not see the gorilla in the team http://www.symbiosis4u.us/MP4/ChangeBlind-Gorilla.html 2 min) and the contractor helped me with interpersonal skills.  Both are considered very dear friends, whose company I enjoy every chance I get around them.
5. Learn language of success: Language is a right brain phenomenon.  Brian Tracy refers to his car as his “University on Wheels.”  I listen constantly in my truck.  I recommend people listen to audio recordings by coaches every time they are in their car, or anywhere else where they can listen for even a few minutes.  I believe this so strongly that I give away over 100 audio CDs every year. 

There are three phases to learning the language of success with audio CDs.  First, is when you can start a CD and recognize the speakers’ voice from among ten or fifty other speakers in your stable of coaches.  Second, is when you can start a CD at any point and instantly know what the speaker is going to address next.  Third, is when you are in a casual conversation with someone and something you learned on a coaching CD comes out of your mouth without any thought … just as if the idea were yours … because now it is.
6. Train your mind: Reading in general is a left brain activity.  We are taught the alphabet and the multiplication tables by reading them over and over until they become ingrained in our mind.  Reading books should be approached in the same vein.  A book should be read and re-read until the ideas are impressed, or imprinted, until the author’s thoughts become your thoughts … just as you automatically know the answer to “What is four times four?” without having to think about it. 

Bob Proctor still reads Napoleon Hill’s “Think and Grow Rich” over and over.  He has carried a leather bound copy everywhere he goes … for forty years. I am in process of converting this book into an EZ format. 

A multi-millionaire I met years ago told me that he has carried a dog eared copy of Albert Grey’s “The Common Denominator” for thirty years (printed in 1937).  He re-reads random portions of it whenever he has a few quite moments.  I made it easy reading on your phone. Click the link below for an EZ copy you can read on the screen in about ten minutes. http://www.symbiosis4u.us/eBooks/Common Denominator-EZ.pdf

Video is easier than reading a book, but ineffective for real learning.  Video is good to study people, how they move alone, non-verbal, and interpersonal movements.  Watch videos when you are tired of reading a book.
7. Attend events:  A “meet up” for entrepreneurs with five or twenty attendees is a mini-event.  A large event would have about 5,000 people.  Whether large or small, the purpose for any event is to allow like minded people to sharpen each others’ saws (to borrow an analogy from Covey’s Seven Habits). 

Large events are hectic times with little opportunity for mutual saw sharpening.  An unexpected benefit from attending a large event is the “event after the event,” when like minded people break bread together and share what they have learned or experienced (saw sharpening) with their peers. 

In contrast, peer sharing should be the emphasis of small venue events.  When I speak to small groups, I make it a point to involve the attendees in a conversation with me, and not deliver a lecture.

Some of my marketing associates are experimenting with a new format for events: a hybrid event.  For example, a hybrid event would be large event that is live in Southern California and streamed via the internet to other locales around the globe.  I could attend the large event on line while rubbing shoulders with about a dozen of my peers in a friend’s living room, as I would at a small event. 

Hybrid events may be the wave of the future as they provide the left brain food of a large event with lectures and slide presentations, and the right brain food of camaraderie (saw sharpening) of a small event.  They also benefit those who learn best in a large event as well as those who learn best from a small event.    
8. Make friends with five high achievers: Have you ever heard the expression, “In five years you will have the average income of the five people with whom you spend the most time.”  The five people with whom you spend the most time probably share similar beliefs about money, work ethics, education, fitness, etc. 

If at least one of those five people is not at a place in life that you are envious of achieving, then you may want to consider adding a sixth person.  More than ten people is too many relationships, and are not “saw sharpening” relationships, just having fun. 

As I wrote that sentence, I couldn’t help but recall the reverent tone of a young entrepreneur’s voice when he mentioned his friendship with Guy Kawasaki.  Imagine the impact on this young man’s life if he were to have FIVE Guy Kawasakis with whom he rubbed shoulders most days.  Now that would be a “saw sharpening” experience, nonpareil.      

Be happy, healthy, wealthy, and wise,

Tom Van Drielen

 
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