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Business Tip – Success advice of 2 millionaires
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Published on Thursday, 04 April 2024 10:04
Many business owners seek advice on achieving success, and continuous learning is a common practice among successful individuals. Brian Tracey and Loral Langemeier, who have achieved significant financial success, offer valuable advice.
Brian Tracey emphasizes the importance of setting SMART goals, which stands for Specific, Measurable, Achievable, Relevant, and Time-bounded goals. He suggests breaking down SMART goals into clear tasks and regularly reviewing and adjusting them to ensure business success.
The “SMART” model of goal setting:
S = Specific
M = Measurable
A = Achievable
R = Relevant
T = Time-bounded
To achieve business success, it is essential to practice and learn to negotiate effectively to secure higher prices when selling and lower prices when buying. This habit can result in significant savings and additional funds for investment. Additionally, practicing frugal living skills, such as seeking lower interest rates and better payment terms, is crucial. The ability to make a substantial amount of money quickly is rare and often attracts media attention.
Loral Langemeier advocates for hitting consistent "business home runs" by making numerous successful financial moves. She emphasizes the importance of taking daily actions, comparing them to hitting singles in baseball, to eventually achieve significant returns. She encourages taking risks and making continuous efforts, highlighting that success comes from consistently taking swings rather than waiting for a perfect opportunity.
Stop talking, stop thinking, stop over analyzing it ...
Just mitigate the risks as much as possible and take your best swing.
The worst that can happen is you miss. Learn from your whiff and take a stronger swing next time.
The biggest thing holding so many of you back (and maybe you reading this blog) isn't failure – it's the fact that you're not even swinging….
In conclusion, both Brian Tracey and Loral Langemeier stress the significance of setting clear goals, effective negotiation, and consistent effort in achieving business success. Their advice underscores the importance of taking proactive steps and continuously striving for financial growth.
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