Personal Development

Escape From the Minimum Wage Mindset

Escape From the Minimum Wage Mindset

This week, as many of you saw or heard, or even maybe participated in, a number of Fast Food workers took to the streets to protest low minimum wage rates, asking that the wage be raised to $15 per hour. And, let’s face it – nobody can survive or support themselves, much less a family, if you are earning $7 or $8 per hour. But the issue of raising the minimum wage rate goes far deeper than a number on a piece of paper. To start, here is a short video of some of my thoughts: Video Link:   Escape From The Minimum Wage Mindset Keep in mind – my first minimum wage job paid $1.75 per hour, so $7.50 per hour is a relative ‘fortune’. From a global economic perspective, raising the minimum wage ultimately results in higher prices to the consumer, not only directly by the affected employers, but also from raw materials suppliers. I doubt highly that many of the protesters understood that a substantive increase of this magnitude hurts them in other ways in the long run. But, step back for a second and think about this from a different perspective. The idea that $15, $20, $25 per hour has any value to anyone but the most inexperienced worker is – to be blunt – preposterous! My feeling on this was borne out during a conference I attended last weekend. One of the ideas presented, which was seared to my mental registers, is a concept put forth originally by Grant Cardone: Success is your duty, obligation, and responsibility This, of course, is absolutely true, but unfortunately it is a concept that few people follow. Instead, people allow themselves to live trapped in some employer’s hourly gulag, hoping for the 3% raise instead of the 2%. Ouch! Why would people doom themselves to working for the smallest amount possible? I said this in the video, but let me emphasize it here: YOU Deserve An Abundant Life! After the 2008 financial meltdown, employment and the economy changed forever. We are NEVER going back to the pre-2008 economy. In general, the wealthiest people in the world have earned their wealth by building a business. Many people, trapped in the ‘minimum mindset’, don’t think they have the money or ability to start their own business. This is simply not true! Within the pages of this website you can find out...

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Lessons Dogs Teach Us about Growing a Business

Lessons Dogs Teach Us about Growing a Business

Starting and growing a business requires discipline and structure.  While raising a dog requires emphasizing different types of specific, simple commands, we can draw parallels to the high-level objectives of growing a business. These two beautiful pups are my male and female bullmastiffs, whose own highly-developed instincts can only be nurtured through proper training and development. Here are a few ideas to consider along the path to growing a business: 1. What is Your Purpose? Dogs who have achieved a balance in their life are constantly nurtured and satisfied in their interactions with their human friends. The same is absolutely true when running your own business. By clearly defining the purpose of the business – who you serve, what you deliver, what you believe – not only will you have established a good foundation for building your business, but your employees and customers will feel assured and nurtured in their interactions with you. Take the time now to define a purpose-driven vision for the foundations of your business, and you will find the rewards and enrichment follow naturally. 2. Establish Structure Early and Often. Anyone who owns a dog understands, or should understand, that a well-communicated structure for behavior, followed up by constant training and reinforcement, will lead to desired behaviors and outcomes. By clearly defining your objectives – daily, short-term, mid-term, and long-term – and strictly following the structure consistently, you will find it much easier to accomplish the tasks required for you to operate efficiently. Plus, you will be in a much better position to respond to the inevitable detours along the path to success. This is the stage when clearly-defined communications can positively impact the speed and direction of your enterprising efforts. But, as with a dog, poor communication skills will result in poor performance. 3. Trust your instincts. Dogs are amazingly well-programmed for acting on instincts and having situational intuition. Their keen awareness of their surroundings allows them to anticipate issues early with responses appropriate for the situation. When running your own business, it is important for you develop and get in touch with your instincts – your gut feelings – as more often than not, your first instinct on specific situations is usually correct. As humans, we are constantly bombarded with external inputs, many of which tend to be data-driven. Spending time each day comparing data-points with your instincts will help develop your own...

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Life is Fleeting

Life is Fleeting

A Brutal Reminder that Life is Fleeting Yesterday, I received news that my 26 year old niece collapsed and died at her home. While she had struggled with some health issues for some time, her passing was unexpected, and it is unfathomable how anyone so young can die so suddenly. It certainly puts life in perspective, doesn’t it? Having already passed the midpoint (hopefully) of my own life, I find myself reflecting on accomplishments and failures, and hoping that God grants me enough time in my own life to check off the still-growing list of things I want to achieve. My niece leaves a fiancé and two very young children.  How sad to see yet another young legacy left unfulfilled. Events like this definitely leave me focused – as well they should you – on what is important in life, and making sure that each day is approached with the proper amount of energy and desire to live this fleeting life to the fullest and work to accomplish the goals in front of me. It also presents the proper framework to review where one is headed, and to make sure that I spend enough time with the core components of my own life – family, faith, health, core passions – so that if my time passes sooner ‘than expected’, I will have hopefully left some feeling of fullness and love with those I leave behind. What is your legacy? If you died today, what will people think about you and how you affected their lives?  We live in a world today where decency and civility to one another are in decline.  That is unfortunate, because we have so many opportunities every day to make a difference in other people’s lives, and to improve this small planet that we inhabit. Life is Fleeting…. Do you begin each day and each week with a list of important items which you want to accomplish?  Are you checking the list to make sure it includes your own core components?  I know I personally struggle at times doing this consistently, and yet it is so critical to staying focused and tracking on your own personal development, and how you affect others. Have you spent time visualizing and putting down in writing the clear objectives you WILL accomplish in the next 90 days? And I’m not talking about a bullet-list.  Can you clearly visualize what...

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