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Daily Boost — Motivation and Coaching

Calculating Your Success

Daily Boost — Motivation and Coaching

Scott Smith

Education, Self-improvement, Health & Fitness, Business

3.91.5K Ratings

🗓️ 28 March 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Calculating Your Success You have big dreams, and you've set your goals. Filled with excitement and setting your fears aside, you are off and running toward your success, but it's more complicated than you thought it would be. What's going on?  That was the question on my client's mind when I stopped by for a visit. His new business was growing but slower than expected, and he was beginning to wonder if his dreams would come true. Stress was high, and time and money were running out. Having seen these situations before, I decided to walk him through three questions that, while they would have been better answered before starting the business, there was still time. My first question was, "How long will it take you to learn the skills required to succeed? Sales, Marketing, Customer Service, anything and everything needed to run a successful business. Everything takes time, and you need to be able to survive the learning time. Next, I wanted to know how long he would churn and work at the goal. Was he committed for as long as it takes, or was there a set deadline? Building momentum in anything can be exhausting. How long can you keep going? I saved the most important question for last. How long will it take until you burn through your resources? Cash, credit lines, free rent on your building, favors from friends and family? Knowing the answer to that question can be humbling and scary, but it can also set you free. After several hours of our learn, churn, and burn conversation, he could pinpoint exactly how long they had to reach their goal. With a definite timeline, the entire team focused their energy on the minimal viable actions that would achieve success and fit their schedule. Within months, they reached their goal and have enjoyed a successful business. Whether you own a business or not, any worthwhile project has a far better chance of success when you are realistic about the process before you get started. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hold that please level five. Thank you.

0:02.0

Ah, you must be one of our new interns.

0:04.0

Yeah, hi, nice to meet you.

0:06.0

Hi, now the most important thing to know is to Ertz and the Bipartis plug sale.

0:10.0

The most important thing is what?

0:12.0

The single most important thing is to Ertz and the channelized Bingus of the

0:14.7

by parcel rise plug sale and you'll be fine.

0:17.1

Uh, yeah, that sounds important.

0:19.6

Does work chat will sound like gibberish to you?

0:22.2

Find collaborative articles with tips from the LinkedIn community

0:25.2

to help you get through those tricky conversations.

0:27.7

Making work makes sense.

0:29.0

LinkedIn knows how.

0:31.3

Are you ready for a Monzo Business Bank Account?

0:33.0

It's made to help you navigate cash flow and tax season.

0:36.0

Perfect for bosses with a growing business,

0:39.0

freelancers searching for financial freedom,

0:41.0

side hustlers juggling 9-to-5s with 5-9s, and over 350,000 businesses

0:46.8

already with us.

0:48.9

Sale through your business banking.

0:50.8

Apply for an account in minutes. Search Monzo Business.

0:53.6

Tees and sees apply. Soul traders or limited company directors in the UK can apply.

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