5 Secrets of the Top 1% Most Successful Business Leaders in the World

Are you successful but feel burned out working 50-70 hours per weeks? Do you feel your business or company hitting the proverbial wall and plateauing in production overall? The most successful business leaders know working harder and longer hours are not the answer to overall business success and personal happiness. The following content is designed specifically to apply to multiple business industries, varied professional leadership positions and one’s own personal life. If these core concepts are learned and applied regularly in one’s own business and life, powerful positive results will result, and personal freedom and professional business success will be attainable again.

5 Secrets of the Top 1% Most Successful Business Leaders #1: Efficiency Does Not Equal Effectiveness.

Usually the most ‘busy” people in life are the least productive. Learn to live and work smartly. Time management is important – as a daily schedule. However, a daily schedule should only be a part of the long-term vision and planning formed in annual, monthly and weekly planners. Simply going to work and reacting to events that take place removes the control from your life and your business goals. It also adds extreme stress that can become unhealthy as it develops a vision that work and life circumstances are outside of our control. In fact, our circle of influence on areas of our life gives us as much control as we want. By using mental imagery and envisioning tough situations in your day or week before the happen – and how you will want to act, can help you anticipate conflict and keep the stress-level down and more in control of your actions and emotions.

5 Secrets of the Top 1% Most Successful Business Leaders #2: People Are Your #1 Asset.

Spend 20% of your time listening to your people and teams. Notice I said listening, not talking. This is on purpose. Try to make sure you are spending informal time “touching” and relating to as many team members as possible. Cultivate a relationship so they know you care about them as people first, employees second. In turn, they will start to see you the same way. Set aside scheduled time weekly to informally stop by or “make the rounds” visibly with your teams. Do not talk about work until they bring up the topic. Keep it light and personal.

5 Secrets of the Top 1% Most Successful Business Leaders #3: Your 2nd Most Important Asset is Your SELF.

– As the most important investment in your business – take care of yourself first. Balance is the key to everything. Make sure you touch on the 4 major areas of life every week: Physical, Mental, Social, and Spiritual (PMSS).

Try this exercise first: brainstorm for 5 minutes all of the roles in your life. Clearly define them and place them under the 4 above life areas (PMSS) – and see if you can place at least one role under each of these umbrellas. If you can’t – you may have discovered a root problem to your stress and imbalance already.

Rank your roles in one life list- #1 being the most important. Once you have prioritized your roles – spend 80% of your time in the top 20%. Make sure you are spending time weekly in each of the four categories – Physical, Mental, Social, and Spiritual as closely as you can. Keep balance for personal and professional health.

5 Secrets of the Top 1% Most Successful Business Leaders #4: Lead Leaders Not Followers.

This concept may take some explaining, but there is a critical difference in the above sentence that may have the single most impact on your overall business success. You will grow as an organization in numbers only if you add followers, but you will multiply and exponentially increase your ROI through duplication if you grow leaders. The old adage, “Give a man a fish, feed him for a day; but teach him how to fish and he will eat for a lifetime,” applies in principle here. If we tend to micro-manage our teams and people – we will create a bottle-neck in work process and flow. Our employees will become frustrated in our lack of trust as leaders in their capabilities to perform the tasks and solve problems without us.

We need to nurture and grow – teach and trust our people we rely on the most for personal and business success. Developing the aforementioned relationships with your people and getting to know them better will allow you to grow and help them in their weaker areas and take advantage of their strengths. As a leader your goal should be to guide and develop all your people on your teams to reach their maximum leadership capabilities individually. As their talents grow – they will take on more responsibilities – in line with the company vision and mission – and most importantly free up your time to work on income-producing activities.

5 Secrets of the Top 1% Most Successful Business Leaders #5: System, Process, People = Automation

A well-known vision and mission for your company and a system of “how we get work accomplished here” are foundations of the most successful business leaders worldwide. Your employees should take an active role in the process of forming the company mission, vision, and system. As the leader you can guide them through the process of where you want to take them and still build the trust and empowerment. All people will believe in you as the leader if you believe in them first. The key is employee trust and buy-in that is developed over time by empowering them in their roles, trusting them with appropriate decisions without you, and allowing them to participate or “have a voice” when company decisions are made. This trust and empowerment will dramatically improve your company’s work culture, employee motivation will become internal instead of external, and your retention numbers will soar as a result. People will WANT TO work for you as a leader.

***If you found these concepts helpful – feel free to find similar resources and helpful tips by checking insights and stories from other top 1% business leaders, entrepreneurs, and worldwide success stories: www.entrepreneurs-life.com

Tips for a Successful Business

Tips for a successful business can help all business owners, whether you are just starting out or if you have been in business for a lengthy amount of time. Just because you believe that you have a product to sell that you feel will be a huge success, doesn’t necessarily mean that your business will be wildly successful. You must properly manage the business utilizing proper techniques to operate the business on a daily basis.

If you are just starting out, the business plan that you write should include how you intend to market your product and what you feel is the edge over the competition. This set of plans will help your business have the positive outcomes that will net a profit. Strategic goals will help the entrepreneur focus and edge out the competition. Start the business on a small enough level so that it is easily managed and learning from mistakes is not as costly. If overhead is low then the company will be more flexible as market demand changes. If possible, use savings to launch the business rather than taking out loans from a bank.

Tips for a successful business must include planned outlines for daily operations. There will be rental agreements, equipment purchase and lease agreements, and the purchase of materials to create product, or product for resale. These agreements will help curtail price increases that could harm a developing business. Staffing the business will require a large investment of time in training and retention. Labor costs are usually the greatest expense of any business and as an owner you will need to wait to hire until you are turning a profit. The wages must be high enough to attract quality personnel, but low enough that the business can still turn a profit. Employee turnover is a huge cost to each business owner. If possible, try to offer earnings based on commission which will help foster incentives and loyalty.

A business owner may have the greatest business plan ever conceived, but without a positive ‘can do’ attitude, the business may fail. An owner who blames the employees for negative outcomes and refuses to take responsibility will find that he cannot make the changes that will be necessary to survive in the business world. An owner who is passionate about his business and its success is more likely to achieve that success than one who is not as motivated.

One of the most important tips for a successful business operator is that self discipline is very important. The entrepreneur must be willing to invest the time and patience that it will take to make the business succeed. This will often require that the business owner will work the greater amount of time than anyone in order to see the outcome desired. If the business is going badly don’t automatically assume failure. Rather, be willing to network with colleagues or do research to find strategic changes that will ensure success of the business.

If you bring experience to the table when you start your business you will have a greater chance at success. If you have worked with the product or performed the service for an employer, your experience will help when you open your own business. If you are selling a product that you feel that already exists but that you have improved on, you may find the niche and outpace the competition. As an owner you must constantly survey the market looking for opportunities on which to capitalize and looking at market trends in order to guide your business. Acting immediately, without over analyzing, will sometimes be the way to edge out the competition. Tips for a successful business can best be learned from other entrepreneurs who are willing to mentor you.

Keys to a Successful Business

Running a successful business is no easy task. There are many things that a business owner can do in order to make, and keep, their business successful. On the other hand, there are exponentially more things that a business owner can do wrong which can hurt their chances at becoming a powerful and profitable force. If you are interested in some ways to make your new or growing business a success, here are some things to consider.

First and foremost, you must have a vision. Get a clear idea of what you want your business to be like. What products and services do you want to offer? What type of customers are your trying to gain? How do you want to be known in the industry? Once you answer questions like this you can gain insight into what direction you should take your business. Laying out a path before you start your journey is imperative to being successful. This includes writing out a business plan and noting your goals and desires.

Next, you must know your market. It is a wrong assumption to think that anyone and everyone is in your market. As an old saying goes “if everyone is in your market, no one is in your market”. Unfortunately, your business cannot be everything to everybody. Focus on a group, type, or specific niche that you’d like your business to benefit. The best way to do this is with market research. Doing qualitative and quantitative market research will do worlds of wonder when it comes to finding and understanding your market. Whether you just starting your business or you are wondering if it’s time to release, or retire, a product, market research will help steer you in the right direction to help ensure success.

Once you find out who your market is, it’s time to take a very focused marketing approach. Research the best ways to market to the people you’d like to reach and begin your marketing campaign. Some methods will work better than others, and some may not product instant results but will instead gain confidence and build reputation with potential clients. Don’t expect to do someone once than give up if it doesn’t produce immediate spectacular results.

Finally, you must be consistent. This is your business and you must be in it for the long haul. Don’t give up on working hard once you see a bit of success. Building and maintaining a profitable business requires constant attention and work. You will be required to keep up with changing times and adapt to new economic situations, etc. If you are able to follow the right path and keep going even when times get tough, you will be a happy and successful business owner.