How To Create And Recreate "The Phenomenon" In Your Business (2 of 2)
Jul 14, 2023
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Dan Kennedy and Lee Milteer discuss how entrepreneurs can create and recreate 'the phenomenon' in their businesses by focusing on beliefs, behaviors, and leverage. They explore overcoming barriers to success, the importance of understanding customer needs, and utilizing multiple triggers for business success. Check out MagneticMarketing.com and NoBSLetter.com for valuable resources.
Leveraging resources like capital and relationships is essential for business growth.
Success involves breaking old beliefs, embracing new strategies, and understanding customer needs.
Deep dives
The Importance of Leveraging Resources
Leveraging resources is crucial for business success as working harder alone cannot achieve exponential growth. Capital, intellectual capital, marketplace capital, and relationships are vital leverageable assets. Time is the common factor for leveraging resources effectively. Safeguarding time from waste and attaching appropriate value to it based on your goals are essential for maximizing results.
Overcoming the Paralysis of Old Habits
Many people are held back by outdated practices and beliefs, limiting their potential for growth. Breaking new ground requires letting go of old methods and embracing new strategies, tools, and mindsets. Adversity often triggers phenomenal growth, and failure, viewed as a psychological barrier, can actually lead to valuable lessons and opportunities for success.
The Matrix of Success: Beyond Productivity
Success is a combination of factors beyond merely having the best product or service. Understanding the customer's needs and aligning offerings with those preferences is essential. Success involves a matrix of actions tailored to target markets and maintaining long-term relationships with customers. Phenomenal achievements stem from the convergence of multiple triggers, not relying solely on a single factor.
Every entrepreneur dreams of the day their business will experience "the phenomenon", or the period of time in which everything works out perfectly and great wealth and achievement are acquired. Many wait for this phenomenon to happen by chance, but very few know it's completely within their power to create and recreate "the phenomenon" over and over again.
In part two of this two-part episode, Dan Kennedy and Lee Milteer continue their discussion about the thoughts and behaviors that paralyze entrepreneurs and hold them back from accomplishing their highest goals. Be sure to check out part one first!