Kavit’s Blog

observations from an internet entrepreneur

The mindset of a successful business owner

The other day, as I was driving to St Albans, I was thinking about the differences in mentality between the successful business owner and the unsuccesful business owner. What is it that makes one person successful whereas in that same very industry there are others who are not doing so great.

There are many reasons why one is doing better than the other.

Maybe it's because he has more money to invest in the business.
Maybe because his skills are much better.
Maybe it's because he is more passionate about the idea.
Maybe he is better at traffic generation.
Maybe he knows how to lead a team of people to work towards a common vision.

All the above, and more, are very important attributes.

But I think above all of those "tactics" it comes down to your attitude, your mindset and your beliefs.

Applying Pareto's Law to this, success is always an 80-20 relationship between your mindset and your action plan. 80% of your success comes down to your mindset and 20% is from your strategies – your A-B action plan. This concept has been reiterated to us more times than we can count on two hands, but here again, it is vitally important if your product or service is going to be the latest talking point in circles around the world. 

Let's talk about your needs. 

Most people when going for success in their business look to satisfy one need – they want to make money. When you see your need (your ultimate motivation) as wanting to make money, there are really only three paths to making it happen: (1) you get the knowledge (2) you do the labor and (3) you leverage your resources. 

However good it may sound to you, having money as your ultimate need and core motivation is not the major driving force for success. Let’s take another need for example. Let’s look at your ultimate need as being your need for food. When you have a need for food, there are two ways to go about satisfying that need. One is to buy food with money, and two, is to grow your own food. 

When you decide to buy food with money, you have the three options again – knowledge, labor and leverage. When you decide to grow your own food, you have another three options – (1) learn from successful gardeners, (2) borrow seeds in exchange for cooking and (3) get someone else to grow it for you. 

The idea I’m trying to portray here is that no obstacle should really be an obstacle for your business when your need is deep and strong. The solution should be an almost no compromise answer so that your business gets what it needs to succeed.  

This is one step towards discovering your core motivation.

Take a moment now to do this exercise: 

Let’s just assume reincarnation doesn’t happen. One day you will be dead. And in your place you will have left something. What will that something be? How will you be remembered? What impact will you make? What will you create that continues on after you are gone?

What you want to come up with are reasons why you are really in this arena – reasons why you’re doing it. Here are my five reasons: 

1. I love the game. It’s scary; it’s fun, it’s challenging & stimulating. 

2. I like being able to provide opportunities and give back to the community. 

3. I enjoy being part of a team that is helping thousands and thousands of people all over the world. 

4. I like the concept of being financially free and the opportunities, experiences, and influence that come along with having money. 

5. I’m passionate about changing the world on a global scale by working towards cultivating peace 

What will be your core motivation? We get motivated by the venture of making money. A desire for respect motivates us. A thirst for achievement motivates us. The desire to excel both mentally and physically is a drive we want to pursue. Also the goal of being a creator and living a memorable legacy can be a motivation for many of us. Here are some questions to help you come up with your own reasons for playing in this arena. 

  • Why do you want to create worldwide buzz with your product and solution?
  • What do you want to get out of it? 
  • What do you really crave to learn? Another culture, a foreign language, ski-jumping?
  • Which material objects are you motivated to possess? Are you craving a motorbike, a mansion, a Mercedes Benz?
  • Does the benefit of financial security and prosperity motivate you? Do you crave things in your life that money can buy which makes it more comfortable and enjoyable? 
  • How do you want to contribute to the world and how does that motivate you?

Get out and give all you have. Make your goals. Find your motivation and core reasons for being. Then give it your all, plus that extra 10%. In the end, be happy that you made a difference, accomplished something meaningful to you, added value to the world, and had fun. That’s real success in my book. 

Please leave me your thoughts below...

What are you most grateful for?

On this American day of gratitude, what are you most grateful for?

 

I strive to wake up every day making a list of the things I'm grateful for. So I don't think this Thanksgiving day is the only to show gratitude.

 

I'm grateful that I've acquired the entrepreneurial ability, know-how and confidence to build my business.

 

I'm grateful to the opportunity of helping other individuals become internet entrepreneurs.

 

I'm grateful for the thousands of musicians that have entrusted the support and training from my organisation, Insider Music Business.

 

I'm grateful that my birth in human form allows me the opportunity for spiritual growth.

 

I'm grateful for my parents, my family, my friends and my loved ones.

 

I'm grateful to moments and experiences in my life that have made me who I am today.

 

I realise that when I'm most grateful, and when I'm hanging out with those who are grateful, I live a graceful life.

 

I've also learnt and understood that one of the most important skills you can have in your life is the "being grateful". If you haven't realised that, I invite you to a challenge of waking up the next 10 days and taking 5 minutes to feel, think and be grateful. You'll thank yourself for doing it.


What are you most grateful for?

Feel The Fear and Change The World

Arvind Devalia has written a brand new manifesto called "Make It Happen"

It's released for download today. You can claim your copy here.

He has also written a wonderful post called "Feel the Fear and Change the World" which I told him could be the title of his next book. It plays on the popular book by Susan Jefferson called Feel The Fear And Do It Anyway, and her popular Feel The Fear Workshops and Stories.

He has seven points here:

1. Get started.

2. Does the world even need changing?

3. Let your line shine

4. Make a difference to one Starfish at a time

5. Find like minded people

6. Get inspired by your heroes

7. Create your road map for change and keep going

Download your copy here and share it with your friends. It's definitely worth a read.

How Are You Creating Unforgetable Experiences?

Succeeding wildly in modern business is about creating unforgetable experiences for your customers, thus allowing you to leverage continuous and repetitive business.

 Giving them a moment of inspiration, joy, laughter, wisdom or insight is usually something that will impact them for the rest of their lives, and ultimately make them advocates of your brand and product line.

 A personalized business usually creates an unforgetable experience each and every time for their client.

 An assistant who deals with customers promptly, efficiently, joyfully and with love usually leaves a mark of warmth.

 An air hostess who attends to your needs in a flight, and goes the extra mile to check you are comfortable with a smile will leave a mark.

 So to will a cab driver who helps you find your destination, a bus driver who waits as he notices you run to the stand, a tour guide who waits as you slowly catch up, and the dentist who checks your teeth with care and love because he is passionate about his job.

 Create unforgetable experiences and you or your business won't be forgotten.

 Here's another example: The weekend just gone was the Young Jains convention, "Bridging The Gap". Over 150 people attended. Because of the love, compassion and culture from the entire team and audience, the weekend was awesome. That level of warm welcoming elevates the content and delivery to a deeper meaning. The end result: a transformative, unforgetable experience.

 Run a business or other operation? What unforgetable experience are you creating today? Do share...

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A Guide To Making Things Happen by Arvind Devalia

Arvind Devalia has written the ultimate guide to making things happen. I first met Arvind nearly seven years ago at a charity event where he spoke for one hour about the Wheel of Life exercise to help one determine their work/life balance.

He has just written a brand new manifesto called "A Guide To Making Things Happen" which he is about to release in the next few days or weeks for his blog readers. You'll want to check out his blog and sign up to be notified when he releases it.

The manifesto is broken down into three parts: (1) reasons for making it happen now (2) how to start making it happen and (3) go! make it happen.

He further breaks down part two into simplifying your life, your health and exercise, healthy eating, career fulfillment, relationships. He ends on a short discussion on your personal social responsibility (also the title of one of his paperback book's) and discovering your legacy.

The 43-page manifesto, colorfully laid out, is chock full of inspirational quotes and motivation to get you going. Arvind seems to have two purposes - first, to get you to get out and make something happen in your life that's in line with being socially responsible, and second, to check out his Make It Happen Club which is a group of people working to make things happen in their life and the world.

You'll want to read this manifesto to help you go from where you are to take the next step and be socially responsible. It helps you to think about what it is you want to get out of your life - and then strive to realize it.

Here is a section of the book in which Arvind writes his seven beliefs:

 

I See Your True Colours

This weekend just gone was the Young Jains 7th International Convention, BRIDGING THE GAP.

I feel completely humbled about how the entire weekend unfolded for the 150 people in the room. The presentations carefully delivered, the food prepared with love, the collaborative compassion from the team and the energy and atmosphere was all second to none. I'll write more and post videos in due course.

Here is a song played multiple times over the weekend. Listen to the words.

what's your biggest achievement so far this year?

Whether you think you have or you haven't, you've achieved something so far this year.

As we enter the sixth month of the year, and I've just turned a year older, it's appropriate that I acknowledge my own achievements in order to build on them.

My biggest achievement to date this year is by far the growth in my InsiderMusicBusiness.com company. The fact that we've grown our database which will directly affect our bottom line within the 12 month period and that I hadn't actively put more than 20 hours of work in the business for the first four months of the year. That has inspired me to return to drive it to the next level.

I've also more definitely enjoyed my life more this year - something that I felt I didn't do too much in the previous year because I worked too many hours every single day. Now, I'm able to enjoy the hours I put into my work and feel calm and happy within myself.

What is your biggest achievement to date this year?

Do tell and let's celebrate...