Posts Tagged ‘self-help’

Yea and Nay!

Tuesday, May 11th, 2010

 

By B. Scott Binion, CPA

“Let Your YEA be YEA and Your NAY be NAY”

Have you heard this saying before?   I’m sure we all have from time to time.   It comes from Matthew 5:33 and is great advice for all.   Let me share what it means to me and my business.   In its simplest form – if you say it, do it.   If you can’t do it, say so.

We have all been in situations where something didn’t get done by another team member, co-worker or manager that adversely affected others and the overall company.   But they said it would be done, on time, and within budget!   We trusted them to get it done and then made our plans accordingly.    Again, they didn’t follow-through and we all had to suffer from their mistake.

Not a welcome outcome, but it is far too common.   I know in the past, I have been the one making this mistake, most likely you have too.   Let’s work hard not to see it happen ever again.

Here are a few simple sayings that can help everyone stick to what they say or to follow-through with greater success:

·          Practice saying NO more often

·          Say NO when you are unsure or have serious questions

·          Say YES when you can actually do it, without reservations

·          When something comes up, as it always will, let others know

·          Set a pattern or habit of doing what you say

If you want to learn more, go to my website www.InsightCos.com and sign up for the FREE Insight of the Week publication.  Over the next few weeks, I will go a little deeper into each one of these helpful suggestions.    

If there is anything that you need help with, call me at (952) 270-1800.  Make it a wonderfully successful day!

Take Off Your Boots!

Thursday, February 18th, 2010

 

By B. Scott Binion

 

If you were outside in two feet of snow with temperatures below zero, would you take off your boots to shovel the driveway?  Of course not!  But did you know that a lot of business owners do that very thing, maybe not literally, but in how they operate their business?  They remove or change something as a pure reaction instead of thinking it through like they should. 

 

Here are a few examples:

  • Let go of your “star” sales person due to a bad couple of months
  • Spend needed funds on non essential things, such as that fancy new red sportscar
  • Stopping what’s working like your networking activities because it takes too much time

I’m sure there are a thousand other examples of “when the boots come off in the cold” you can think of.  To put it bluntly, you most likely will sacrifice future gains for a so-called urgent course of action.  Which usually leads to unfavorable results.

 

Before you take those boots off, think about how cold it will be.  Same with your networking, count the cost before making drastic business-changing decisions.  It may cost you more than you think.

 

If you have cold feet right now, call one of us at BNI Minnesota and let’s see what can be done to get your networking activities ready for the New Year.

Got a Light?

Tuesday, November 3rd, 2009
 
by B. Scott Binion      

 

What do we turn to when we can’t find something in the dark?  A flashlight helps, doesn’t it!  I recently heard a comment about light and darkness.  It went something like this – light simply punches holes in darkness.  Never quite looked at it that way, but it makes sense.  So what does that have to do with my job or my business?

 

In many businesses, key managers often make decisions while they are in the dark.  Sometimes, not knowing all of the key information can be compared to trying to find your lost keys in the pitch black.  Not having the right information available, when you need it, to make an informed decision is the same very thing.

 

Here are a few observations that may give you a new perspective on this very subject:

 

  1. Light dispels dark – more info will often lead to better decisions
  2. Your flashlight provides focus for your company’s direction
  3. It’s hard to see where you’re going if you don’t have the right tools, like a flashlight
  4. Make sure your flashlight is in good working order – last thing you want is for your light to grow dim or burn out when you need it most
  5. Lastly, your flashlight needs to be working – guiding you along the path to profitability

 

Next time your power goes out and you reach for that flashlight, remember these few simplistic perspectives.  If you find it challenging to even find your flashlight or not even sure if you have one, seek help right away to lighten your path!

 

 

 

 

 

If Only……

Tuesday, January 20th, 2009

 

By B. Scott Binion, CPA, MBA

 

  • If only I could have had one more week to get ready
  • If only I had closed that deal and got the project, my year would look great
  • If only I stayed away from doing work for them, what a hassle
  • If only things could be different!

The answer is “You’re right!”  Things would not be the same as they are today, they would be much different.  Constantly knocking yourself for missed opportunities or deals gone bad does one great big thing for you……..causes REGRET!  If only I could have or should have or would have – Oh there I go again, got to stop doing that.

 

So next time you are about to use one of those “shoulda, coulda, woulda” terms – STOP!  Instead reflect on what is going right. Dwelling on what you missed out on doesn’t help anyone.  You can’t change one thing about what happened in the past.  Come to think of it, right now you can’t change anything in the future.  But, you can immediately impact the now or present.

 

If you want to learn more about my regrets – I mean the ways to make an impact on where you are now, call me today and I’d be happy to listen.  Make this year the best of your life – that’s what I’m going to do! 

Do You Care?

Tuesday, December 16th, 2008

by B. Scott Binion

Recently I heard a great story or analogy about those who care. It could be caring about your family, your work, your hobbies, your church - doesn’t really matter about what you care about, only that you care in the right way. Since the purpose of these writings is to help you in your business or to grow personally, I want to show you just that - how to care about making you a true success.

The first way to care is to be care-FULL. What this means is that you are FULL of care. You watch everything you do, no matter how small, large, important, or just plain meaningless. You are consumed with doing it just right, no matter the cost or benefit. An example of this would be in balancing your checkbook. For some reason, you are off by only five cents. You spend over an hour trying to find where that missing five cents went. Maybe I transposed a number when adding up the balance? Did I miss some kind of debit from my account? Maybe it’s much bigger than just five cents. Not sure, but it’s driving me crazy. Still can’t find that measly five cents. Then you realize your checkbook balance will be incorrect until you find it. So you start adding and subtracting all over again.

See my point? You care too much for such an insignificant amount. You are so care-FULL that you don’t see what you have lost in trying to find the answer. Simply put, you took your eye off of the ball on this one.

The next way to care is to be care-LESS. The complete opposite of being care-FULL. Instead of taking time to find a missing check entry, even if it’s as big as a car payment, you don’t even bother with the balance. There should be enough in there to pay for my gas this morning on the way to work - or at least I hope so.

In my opinion, this mindset of being care-LESS is the most prevalent in business today. Business owners just are consumed with staying afloat or paying their bills or making some kind of profit, they simply just don’t pay attention to the right things. Sometime they do, but mostly they just glaze over and hope it will be all right. Being care-LESS is a sure way to end up where you don’t want to be.

The overwhelmingly best way to care is to be care-FREE. Don’t confuse this will not caring - actually it’s the complete opposite. You are in such a position in your personal and business life that you can handle what comes your way. If you can’t find that missing five cents in the checkbook, you adjust it and move on. But you are far from the attitude of a care-LESS person who doesn’t know what the balance is. You have made numerous decisions over the last months and years that have set you up for being care-FREE. Your finances are in order. Your business is operating well, with the normal ups and downs along the way. You are making a profit more times than not. Overall, you life is in balance and it shows in how you can live care-FREE regardless of the circumstances.

Here are a few ways to make sure you are heading toward a life of being care-FREE:

* Take care of the important things first - you will have to make this list for yourself - we all know what should be important
* If it’s not important, don’t worry about it - most likely it will take care of itself
* Care about the right things in your personal and business life - it’s not all about money, how about integrity, quality, and trustworthiness?
* Simplify your circumstances - “dumb down” the way you operate. Most often, the more simple things are, the more simple it will be to be a success
* Lastly, do the things that will make you care-FREE

Obviously this list can be greatly expanded. Each of us could add more and more to it. Why not do exactly that! Add you own ways to being care-FREE right away - no better time than the present.

Some are care-FULL. Others are care-LESS. But we need more care-FREE individuals and companies, especially in these challenging times. Make your list today of the ways you can be FREE from the things that are holding you back. And about that five cents, call or email me and I will spot you the nickel so you can become a little more care-FREE.

If I can help in any way, feel free to call me at (952) 270-1800.

Afraid - That’s a Good Thing!

Tuesday, September 2nd, 2008

by B. Scott Binion

Let me start with asking a question; why would anyone let anything stand in their way of being as successful as they want to be? To being a significant part of making their own success, having more time, and increasing their level of income? For the life of me, I don’t understand to those who actually object to this! Mind boggling! Why would anyone put up a wall to block having more time and a sensible income to enjoy it? I believe it boils down to primarily four fears of normal day living! They are;

  • Fear of change
  • Fear of failure
  • Fear of the unknown
  • Fear of success

The first three are understandable, but the fourth one – fear of success – hard to believe? Let’s look further into these fears; what causes them, how do we overcome them, as well as helping others along the way.

Fear of Change!

The fear of change is so intertwined in all of our lives, every facet, every aspect. This could be as small as changing brands of toothpaste or as large as leaving a job to pursue a life-long dream. It is prevalent throughout the workplace, at church, and at home. I have family members and friends that will not even think of doing things differently, because it involves change.

Frequently, people focus too much on the consequences of not making a change. They feel it is safer than making a different decision and then sticking with it. The fear of not changing your course of action can have a huge impact on different areas of your path to success. Change is a part of life. It’s there whether we like it or not, always following us. Our nation’s leader changes, our business associates, employees, our kids school teachers, little league coaches change and so on.

Fighting or obsessing on change will only slow down our progress. This fear is strong and takes significant, hard work to overcome.

Fear of Failure!

Coupled with the fear of change comes a seemingly insurmountable stumbling block called failure. People are driven by many things, money, fame, success, and also failure. Not succeeding in building a large business, family relationships, getting the large contract, getting that book published, to go on that sales trip, can cause a barrier to be built between you and success. If you look at each of our particular lives, failure is all around. It is also a part of life. Not a pleasant one though, but its affects still remain. I’ve failed. You’ve failed. Your neighbor has failed. We’ve all failed! What we do after or during a period of failure demands our focus and attention.

Fear of the Unknown!

The next type of fear is very similar to the fear of change – it is the fear of not knowing what’s going to happen or the unknown. This may cause you to not take advantage of an opportunity that has presented itself. It may also steer you into making decisions that take you further away from where you want to go.

A business associate of mine is quite successful in financial terms. One problem though, he wants to work for himself, and stop giving everything to his employer. He is overworked and underappreciated, but well compensated. At the surface, money doesn’t come into play, but in reality it does. He has the funds to start a business in the same profession. He has the drive to make it happen. He has the connections to build a successful network in bringing in business. He has potential employees waiting on him to make a move. What’s holding him back?

Fear of the unknown. What if this doesn’t work like it is supposed to? Giving up security is a logical consideration. Some people need security, others place less importance on it. I firmly believe that he would be an overwhelming success if he were to take the risk. But I don’t believe he will – because of not knowing what may happen going forward. Fear of the unknown is a powerful deterrent to reaching where you want to be. It can cause you to make emotional decisions, with little rationale of what the consequences may turn out to be.

Fear of Success!

The last fear is difficult to understand. In the opening statement of this article, I mentioned that this is mind boggling. But when you look below the surface of this odd fear, you will find some very interesting causes to be afraid of becoming successful.

The first cause of this fear lies with how we were conditioned while growing up. If you come from a relatively poor background, success may have been always out or reach or not for the working class. Success was for those who were able to have the money to start businesses, buy property, invest in stocks, etc. Growing up this just wasn’t a viable option for me. Was I wrong along with those that continually reinforced this way of thinking?

Another cause of fearing success is what our society expects, especially from business owners or professionals. You own a business, you must be a success. If this is a true slice of what the public thinks, they must have never owned a small business or been self-employed. Success is not owning a business, but allowing the business to work for you.

Successful people take chances. They study the risks and make calculated decisions in order to reach their goals. Some of the greatest leaders faced these same fears – Abraham Lincoln, George Washington, and Winston Churchill to name a few. Each learned from their fears and turned them into stepping stones toward success. You can too!

Steps to Overcome These Fears!

Believe me, I experienced all of these types of fears, on more than one occasion and probably will going forward. The following steps have helped me minimize or lesson the impact these fears have on reaching the goals before me. In order to combat these fears, a change in our perception of the fear itself has to take place.

Garbage in, garbage out! It’s most certainly true in dealing with our perceptions of how fear affects our road to success. The more we dwell on what can happen with fear, the less chance we can experience life without fear. The two go hand in hand. Successful people use fear to their advantage.

The first step is to view these fears as a stepping stone, not a stumbling block, to reaching success. What a paradigm shift! The very idea of our fears being an aid to success takes some time to grasp. Look at it this way – if you don’t receive that large contract or big sale, the world is not going to come crashing down. Sure it’s painful, but what can be learned by loosing that contract? Maybe you were counting on it, when in reality it was a long shot. Maybe the price was too high and not competitive. The basic assumptions behind bidding on the project could have been misunderstood.

At any rate, once you have gotten over the idea of loosing the project and are ready to move on, take a period of time to objectively reflect on the circumstances or situation around the whole process. It will surprise you how much information you can gain from not being on the winning side. This first step will take you a long way in overcoming all of these fears.

The next step is what you are going to do based upon your reflections – once your vantage point has changed. In overcoming the fears of change, failure, the unknown, and ultimately success, what is done next will determine which path we take - not only the direction that is taken, but our speed in getting there. Part of my perception is to fail quickly, and overcome it even faster. I have learned life’s most valuable lessons through both personal and professional failures. These lessons have changed my life and if you let them, they will change yours too. Once we change our perceptions of each of these fears, map out a direction to move forward, we can proceed toward the last step.

The last step is to put what you have learned to action. Some call it an action plan or business plan. Here are a few tips to help in making sure you achieve your action plan:

  • Keep it simple
  • Expect your plan to change
  • Make changes when necessary
  • Become accountable
  • Track your progress
  • Celebrate when you get there

Let these fears become your allies, not your nemesis. Fear can bring out both the worst and best in each of us. It is your choice which side comes out. Break down the many walls that fear builds and convert them into a platform to reach higher toward success.

So go ahead and start failing fast, it may be a quicker route to achieving your individual success.