Turn Your Business Dreams into a Thriving, Profitable Reality | MDIDS2E17

Hi everyone. This is Paul Finck The Maverick Millionaire of The Maverick Universe and you are listening to MavericksDo It Different Podcast today. Today I want to discuss the entrepreneurial journey to success. Certainly it's not an easy one or a smooth one. However, it is the greatest journey of all. What is this journey looks like? How can you navigate it to create the best outcome for you the best outcome for your business. As you know, we do things a little bit differently here in the maverick universe, different ideas, different thoughts, different approach to life. When you want different outcomes when you want the life of your dreams, this is the podcast for you. So grab a coffee, grab your notebook and buckle up porkchop we're about to dive right in and get busy on how you can begin your entrepreneurial journey. Let's start with the understanding that this is where we laugh in the face of mediocrity. We embrace the roller coaster ride of entrepreneurship. We strive for success with that capital s doing it different and playing full out every step of the way. Today is no different. We are diving into the thrilling, adrenaline pumping and sometimes utterly confusing journey of entrepreneurship. It's a road that's filled with dizzying heights, devastating loads. And yes, the occasional detour of crazy and laughter all combined into one as we engage with the world around us.

Picture this, you're an entrepreneur sitting behind the wheel of your metaphorical success mobiel revving up that engine eager to hit the road to success. Wait a second, you glance down and realize you have no map no GPS, not even a vague idea of where you're headed. This is how I experienced so many people in the marketplace, so many people in the entrepreneurial space. It's like asking your directionally challenged uncle for help, only to end up in a cornfield instead of the Conference Center. My friend, you need a plan and you need a plan today. That's where I come in. So sit back relax as I become your Maverick tour guide, if you will, walking you through the epic journey to entrepreneurial success. Complete with anecdotes and examples and perhaps a laugh or two. We're going to tackle the fears that might be holding you back the steps you need to take the turn to success to create your dreams into reality. And to list out the essential ingredients that will help you conquer the business world like a true Maverick. So let's get started.

This is where we begin. You've got to got to, got to, got to face your fears. Yes, that's right. We're going to kick start with that big bad F word fear. You knew it was coming. It's fear of success, fear of failure, fear of public speaking. Fear of your mother in law, there's a whole lot of fears going on. But seriously, the the list goes on these fears can paralyze you. Even the most ambitious entrepreneur making it nearly impossible to move forward and impossible to achieve your goals. To conquer your fear. You need to grab it by the horns develop a what we call a growth mindset and learn from your mistakes. Remember, failure is just a rehearsal for success, a stepping stone on your path to greatness. And hence well if that doesn't work, we can always go for therapy later. However, right now, you've got to face your fears. What fear isn't the only thing holding you back? What if you're stuck in the land of inaction unable to make a move for take the crucial first step. It's time to break those goals down into bite sized pieces. Like delicious pizza. Focus on the most critical tasks. The most critical tasks first prioritize your to do list and remember Rome wasn't built in a day. It all takes time. Everything I have developed over time. And here's the next piece of it the success formula, the magic formula that puts it all together. Now you've stared down fear and yes, whether you've done it or not. We'll come back to that another time. Now it's time to get into the game. Take action and pay attention to these essential ingredients for entrepreneurial success. The secret sauce if you will, turning your business dreams into a thriving profitable reality.

Number one is clarity of vision Vision. There's five of these by the way, you want to drive without a destination in mind with you. Knowing where you're going is paramount to getting there. You must create your goals. However, in the maverick community we refer to these as principal targets. Most people might guide you after you have your principal targets to create smart principal targets or smart goals. That stands for Specific, Measurable, Achievable, Relevant and time bound. However, in the maverick community, we do it a little bit different. So we do not focus on you being so smart matter of fact, we want to be effective instead. So we want to create dongles, Destiny driven, unrealistic, measurable, and binding. A clear principle target will provide you with direction, focus, motivation, and it's going to help you to stay on track, and make decisions that align with your vision and future pacing, if you will. An excellent example of a visionary entrepreneur, Elon Musk, CEO of Tesla and SpaceX. He has a clear vision and he's created a sustainable model with that of talking about renewable energy and space exploration and his vision drove to create innovative products, aiming to change the world, the electric cars, the solar panels, the battery storage systems. And he's created a whole new matrix for those industries, disrupting them, if you will. With all of that it had to do with his vision that drove the creation of everything that is Tesla now.

Number two, that you need to create magic kids that excellent time management. Time is like money, you can't afford to waste it. Juggling the myriad of responsibilities an entrepreneur requires. To create massive real time management skills, you must set priorities you must plan you must delegate avoid distractions like a ninja. Steve Jobs was a great example of that. masterful at time management. He was laser focused attention to detail and had the ability to make quick swift decisions. He believed in the power of simplicity and use that vision and his time management to create products and a company that was elegant and easy to use, easy to work with. To achieve excellent time management entrepreneurs need to set boundaries, eliminate false concepts of multitasking, and automate repetitive tasks. They can also use tools like calendars and to do lists, time tracking software to stay focused and on task focused, if you will.

Number three, you've got to develop a targeted clear branding message. You know that catchy jingle, you can't get out of your head. That's the power of clear branding messaging. Craft a unique value proposition that resonates with your target audience and watch your business go through the roof. Nike is a great example of that and their company logo clear branding message of just do it. It's become synonymous with the company's whole ethos and of excellence and achievement. Nikes branding message has helped it become a global leader in the athletic football air in apparel industry. To create a targeted clear branding message. Entrepreneurs should understand their target audience. Develop a unique value proposition use compelling visuals, storytelling to convey their message. They should also pay attention to their brand's reputation, make changes as they need to to stay relevant. All these to create that messaging, great brand messaging.

Number four of the essential ingredients to success is systems and support. No entrepreneur is an island, you must build systems and support networks that fuel growth. streamline your operations enable you to scale like a champ. Sustainable Business is what it's all about. McDonald's has an excellent example of a company that has systems and support and created a consistent growth. It's how they built everything standardized processes quality control measures, supply chain management systems. It's enabled McDonald's to expand them more than 13,000 locations over 100 different countries. McDonald's provides its franchise and in franchisees with training and marketing support, operational assistance to help them succeed. All these things create the matrix of great systems and support which is supported their brand. So to establish this for yourself, develop those standard operating procedures SOPs for your business, automate repetitive tasks, and use technology to streamline all your operations. also build a network of mentors and advisors and partners who can provide guidance and feedback and opportunities so that you can instantly fine tune your systems and processes.

Number five is superb work ethic. You must stay pace with the entrepreneurship a strong work ethic is crucial to make that happen. standing out from the competition and achieving your goals. Success doesn't come to those who sit idly by waiting for opportunities to fall in your lap is foolhardy. Embrace relentless work ethic consistently put in the effort and watch your dreams transform in the reality. A shining example of an entrepreneur was to per work ethic is Jeff Bezos, the founder and former CEO of Amazon. Bezos is renowned for his tireless dedication to growing his business from small online bookstore into the mega giant it is today. His commitment to innovation, focus, focus on customer experience, if you will. And the mantra it's always day one exemplifies his relentless pursuit of work ethic and work environment. Develop superior work ethic for yourself, you need to establish a strong daily routine that's right every day, set high standards for yourself and others, and maintain healthy work life balance to create all of this. Prioritize continuous learning and improvement stay focused on your principal targets. And be prepared to make sacrifices along the way. Because it is not a straight easy road.

With the addition of superb work ethic, let's revisit some of the other components, a clarity of vision, excellence, time management, targeted clear branding, Message Systems and support and where we started superb work ethic. Those five components will lead you to an entrepreneurial journey that you're well equipped to navigate to manage the challenges and the obstacles that inevitably rise up. clarity of vision provides direction and motivation. Excellent time management ensures you make the most of every day. A target and branding message resonates with your audience and creates an attraction factor. systems and support enable you to scale your business efficiently. And of course, superb work ethic keeps you focused, committed and on task to achieving your principal targets. The road to successful entrepreneurs is paved with all these components. Once you grab hold of them that clear vision and excellent time management targeted branding, Message Systems and support and great work ethic. You're on track and ready to go to create everything that you want. continue refining your approach fine tuning how you balance the work life balance and creating businesses that leave a lasting impact on your customers industry in the world. Armed with this knowledge, you're ready to embark embark on your entrepreneurial journey with confidence and determination.