Every day I work with small business owners who dream of making it big. And every month I interview successful entrepreneurs who have made it big. The big guys all started small. And they all (without exception) practiced the three D’s of business. I’ll outline them here and then ask you to rate yourself on each.
1. Determination When you’ve set your goal for a business that feeds you financial freedom (whether that’s from the sale of your business or the on-going semi-passive income it feeds you if built properly) you must be 110% determined to achieve it. Business is not easy. It’s a roller coaster of highs and lows. Your dream for financial freedom will keep you focused. Your determination will keep you going.
Determination gives you the resolve to keep going in spite of the roadblocks that lay before you. Denis Waitley
2. Drive I’ve yet to meet a wealthy entrepreneur who wasn’t driven. And believe me, I meet a lot. Without exception they are people who set out to be successful and were willing to drive themselves hard to ensure it happened. Drive makes you pick yourself up and keep going when it gets tough. Drive makes you put in the extra hours after everyone else has packed up and gone home. Drive makes the difference between ‘maybe’ and ‘no doubt’.
People who are unable to motivate themselves must be content with mediocrity. Andrew Carnegie
3. Discipline A definition of the word ‘discipline’ is ‘to train oneself to do something in a controlled and habitual way’. Successful people in any field all have good habits. Athletes get up early every day to train, practice, exercise. Authors set regular times to write every day (I get up at 5am every morning to spend two hours writing). Musicians practice for hours every day. The success elite study with coaches and experts to learn the right technique, the winning strategies, the best formulas for their chosen field or profession.
Business is no exception. It’s a craft and it takes hard work, practice and constant learning to become good at it.
Confidence comes from discipline and training. Robert Kiyosaki
How do you think you would rate yourself on the three essential D’s?
Have a go now. Rate yourself out of 5 for each of the them with 1 being ‘nah’ and 5 being ‘nailed it’.
Determination 1 2 3 4 5
Drive 1 2 3 4 5
Discipline 1 2 3 4 5
How did you go?
My guess is that your rated yourself high on determination and drive but not so high on discpline. Correct? If so, you’re not alone. In my view one of the main reasons some people make it big in business and others stay small or medicore comes down to level of discipline they enforce on themselves.
So here’s a challenge for the week. What disciplines could you introduce that would speed up your success? These could be business related – such as set a regular time each week to get that blog written, or work on your business plan. Or they could be personal – to get up an hour early to go for a run or meditate, if these things will make you stronger and more able to tackle the rest of your life with drive and determination.
Let me know how you get on.
From the desk of Liber8me. Small business mentors and author of Liber8 your Business: The revolutionary planning technique that will set every small business owner free