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10 Essential Keys to Success

10 Essential Keys to Success

I’ve traveled around the country, and regardless of your definition of success, or the level of success you’ve achieved, there are 10 distinct characteristics that differentiate successful people from the rest of the globe. I’ve had the opportunity to hang out with and learn from incredibly wealthy individuals with incomes ranging up to $100,000 a month. These individuals have lived ordinary lives but took the extra steps necessary to create extraordinary opportunities for themselves. Here I want to share with you the 10 keys to success that make these individuals stand apart.

1. They Are Fearless.

“To me, Fearless is not the absence of fear. It’s not being completely unafraid. To me, Fearless is having fears. Fearless is having doubts. Lots of them. To me, Fearless is living in spite of those things that scare you to death.” Taylor Swift

It’s not what you know that matters; it’s what you do with what you know that matters. Every action has a consequence, but to be successful it’s necessary to be patient and have faith. While you’re probably familiar with the quote, “The grass is always greener on the other side,” the truth is, “The grass is greener where you water it.” By tracking your behavior and actions you become aware of the results and consequences, making it easier to achieve your goals. We are lazy, so if something is inconvenient we have a tendency not to do it. Successful people understand that not doing it is not an option, so they step into challenging situations and get rejected thousands of times before getting any kind of recognition for their work or achievements. They understand that it isn’t how hard, fast, or much you can do, but how long you can endure.

2. They Are Passionate.

“The most powerful weapon on earth is the human soul on fire.” Field Marshal Ferdinand Foch

Successful people are incredibly passionate about what they do. In fact, they don’t do anything they aren’t passionate about. You will never catch them muttering the phrase, “I never have time to do what I want,” because they know that they are already investing their time doing what they value most. Successful people are extremely focused on using and building their strengths—and outsourcing their weaknesses—to get the best results and feel fulfilled both personally and professionally. Passion is the driving force behind every action they take.

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3. They Invest In A Coach.

“People before profits. Relationships before results.” Melissa Krivachek

When it comes to investing in a coach, successful players don’t leave anything to chance. In fact, investing in a coach isn’t even an option, it’s a priority and a necessity because the biggest difference between where you are and where you want to be is knowing how to get there. An average financial advisor makes $60-80k per year, yet Dave Ramsey makes $50-60 million. The average personal trainer makes $45-50k per year, yet Jillian Michaels makes $14-17 million. No matter where you are in your business there is someone better than you and you should invest the time, effort, and energy in listening to what they have to say. Stop being a smart ass, cheap ass, wise ass, and broke ass! Start taking your knowledge, adding value, changing lives and living the lifestyle you’ve always dreamed of. It isn’t about what you know, it’s about who you know and what they know. So how do you know when it’s the right time to get a coach? If you are fulfilled personally, professionally, or financially then you probably don’t need one (which is 1% of people). If you want to transform your mindset, life, and finances, then there is no better time to invest in a coach than the present.

4. They Remove All Distractions, Mentally And Physically.

“If you are afraid of failure you don’t deserve to be successful!” Charles Barkley (Phoenix Suns)

Distractions cost employers $650 billion a year. They crush potential, limit progress and cripple success. Ever wonder why you are derailed, diverted, unsatisfied, unfulfilled, under-producing, under-performing, over-stressing, over-scheduled, and overtired? The epic battle for all of us is the six inches between our ears. The #1 threat is distractions. Here are some staggering statistics. There are:

  • 145 million emails sent per day
  • 175 million Tweets sent per minute
  • 1,000 new posts on Facebook per second
  • 2.7 billion “Likes” on Facebook per day
  • 75 million new blog posts per day
  • 100 hours of video uploaded on YouTube every minute

So what do elite performers and successful individuals do that others don’t? They remove all roadblocks to success. Setting a timer and working in 90 minute increments on one thing—and one thing only—that’s what differentiates these high performing individuals.

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5. They Are A Master At One Thing Vs. Mediocre At Many

“One can have no smaller or greater mastery than mastery of oneself.” Leonardo da Vinci

Successful people master the vital few things: functions, priorities, metrics, improvements, and support. They don’t do everything, they do the one thing they’ve mastered. Let’s look at some examples: Joel Osteen runs a $700 million a year organization, yet only focuses on the 22 minute speech he gives each week at Lakewood Church in Houston, Texas; Dr. Mehmet Oz has his own TV show, book, is one of the most recognized heart surgeons in New York City, and is highly involved in the community, yet he only focuses on performing the surgery, letting others plan, prepare, and execute everything else for him. Steve Jobs spent three hours of his own personal time every single day on the number one thing that would propel his organization forward. When they perform they only perform these vital few functions and they aren’t distracted by anything. They use this technique to elevate mental and physical capacities and increase skills, making them the absolute best at what they do.

6. They Have An Undeniable Drive To Succeed.

“The more you lose yourself in something bigger than yourself, the more energy you will have.” Norman Vincent Peale

Staying up late, waking up early, getting no sleep at all is what successful people learn to do from the very beginning. Building a business is just like harvesting a crop: you have to prepare to plant, water, wait, commit and harvest. The same goes for reaching any kind of success: you have to prepare, build relationships, drip market, consistently take action, commit to getting a result, and reap the rewards. While many people think it’s easy, it really is anything but. Successful crops, just like successful businesses, take time to build, hours of planning, years of experimenting and changing directions, and an unwavering commitment from the farmer or entrepreneur to make a difference regardless of the circumstances. Old equipment, new equipment, dry ground, wet ground, corn, beans, it doesn’t make a difference. The farmer’s drive to succeed is relentless and so is the successful entrepreneur’s.

7. They Define Success In Their Own Terms.

“Most new jobs won’t come from our biggest employers. They will come from our smallest. We’ve got to do everything we can to make entrepreneurial dreams a reality.” Ross Perot

The definition of success varies across the country. The value of family, friends, and faith supersede the need to make millions of dollars, although making millions is often the result. Successful people know that success is an action not a definition.

8. They Are Incredibly Creative.

“If you hear a voice within you say, ‘You cannot paint,’ then by all means paint, and that voice will be silenced.” Vincent Van Gogh

Many businesses bootstrap it while picking up the momentum needed to succeed. The ability to be creative without an investment is what many communities teach growing up. It doesn’t always take money to make money. In fact, the support of the community is often the driving force behind the success of both a person and a business. There is no doubt that entrepreneurs are not afraid to get down and dirty, and lend a helping hand in times of need. While many start-ups have little to no funding to begin with, they focus on the tools, resources, and knowledge they do have and become as resourceful as possible to achieve their end goal.
What are the qualifications of Steve Jobs, Mark Zuckerburg, Bill Gates, Ty Warner, Ted Turner and 29 other billionaires? They are all college drop outs! They didn’t have the luxury of buying opportunities, support, or even the basic things they needed to start their new venture. Successful people understand applied knowledge is more important than the consumption of knowledge, so they use what they have to create what they desire.

9. They Refuse To Give Up Even When The Going Gets Tough.

“Nothing is more common than unsuccessful people with talent.” Calvin Coolidge

Times are tough across the country but that doesn’t deter business owners, entrepreneurs or already successful companies from giving up the hope of wanting something more. In fact, it drives them to keep going. Many successful business owners aren’t rich, they are abundant. And while they don’t have a formal education, they embrace lifelong education. The same applies for entrepreneurs. This willingness to face adversity and come up with creative solutions to get through tough times with the support of the community separates those who become successful from those who don’t. Many of the successful individuals I’ve been fortunate enough to be around give 10-20%, or more, of their yearly income to charities within their own community, while investing additionally in their own personal growth.

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10. They Understand Minor Semantics Mean Major Differences.

“He who refuses to embrace a unique opportunity loses the prize as surely as if he had failed.” William James.

Do you know the This Guy Got Lucky Syndrome? (This is a real example, using real numbers) People ask successful people how they got so lucky. It wasn’t luck! The root of all your results is the small things: success is not a result of heroic feats, grand acts of bravery, and quantum leaps. It is the result of making small, good decisions over time. Here are small changes you can make that can completely transform your life, even if you’re making $40k a year:

Daily:

  • Read 10 pages of a good book (15 minutes)
  • Listen to 30 minutes of an instructional CD
  • Eat 125 calories less each day then you normally eat
  • Drink two bottles of water a day
  • Walk 2,000 steps a day, roughly one mile
  • Make a few more prospecting calls instead of calling it a day
  • Make date night with your significant other a priority

27 months later you’ve:

  • Read 47 books
  • Listened to 465 hours of audio on success and improvement
  • Saved 117,500 calories = lost 33.5 lbs.
  • Drank 3,720 gallons of water
  • Walked 900 miles = an additional 30 lbs. lost (that’s 63.5 lbs in total!)
  • Had 124 dates with your partner = XOXOXO!!!
  • Made 1,860 extra calls at a 3% closing rate (which is a terrible rate that would increase with the books and audios) = $279,000 increase in yearly revenue. That’s five times more than your friends because they are treading water, falling behind, becoming disenchanted, bored, apathetic, passionless and disengaged.

I want to leave you with this thought the next time you think success isn’t within reach: consider implementing these small steps, they will leave you living the life of your dreams.

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Published on September 23, 2020

6 Effective Negotiation Skills to Master

6 Effective Negotiation Skills to Master

I don’t know about you, but many times when I hear the word negotiate I think of lawyers working out a business deal or having to do battle with a car salesman to try to get a lower price. Since I am in recruiting, the term “negotiation” comes up when someone is attempting to get a higher compensation package.

If we think about it, we tend to negotiate almost every day in a wide variety of things we do. Getting a handle on the important negotiation skills can be incredibly beneficial in many parts of our lives. Let’s take a look at 6 effective negotiation skills to master.

What is Negotiation?

First, let’s take a look at what negotiation is. Put simply, negotiation is a method by which people settle their differences. It is a process in which compromise or agreement can be reached without argument or dispute.

Anytime two people or sides disagree on something, they are almost always looking for the best possible outcome for their side. This could be from an individual’s perspective or someone representing an organization.

In reality, it’s rare that one side gets everything they want and the other side gets nothing that they are seeking. Seeking to reach a common ground of sorts where both sides feel like they are getting most of what they want is the key to being successful and maintaining the relationship.

Places We Negotiate

I’ve mentioned that we negotiate in just about all phases of our life. For those of you who are shaking your head no, I invite you to think about the following:

1. Work/Business

This one is the most obvious and it’s what naturally comes to mind when we think of the word “negotiate”.

When you first started at your current job, you might have asked for a higher salary. It could be that you delivered a huge new client to your company and used this as leverage in your most recent evaluation for more compensation. If you work with vendors (and just about every company does), maybe you worked them to a lower price or better contract terms.

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In recruiting, I negotiate with candidates and hiring managers all the time to land the best talent I can find. It’s very common to accept additional work with the (sometimes spoken, sometimes unspoken) agreement that it will benefit your career in the future.

Recently, I took over a project that was my boss was working on so that I would be able to attend a conference later in the year. And so it goes, we do this all day long at work.

2. Personal

I don’t know about you, but I negotiate with my spouse all the time. I’ll cook dinner with the understanding that she does the dishes. Who wants to mow the lawn and who wants to vacuum and dust the house?

I think we should save 10% for retirement, but she thinks 5% is plenty. Therefore, we save 8%. And don’t even get me started with my kids. My older daughter can borrow my car as soon as she finishes her chores. My younger daughter can go hang out with her friends when her homework is done.

Then, there are all those interactions in our personal lives outside our homes. The carpenter wants to charge me $12,000 to build a new deck. I think $10,000 is plenty so we agree on $11,000. I ask my neighbor if I can borrow his snowblower in the winter if I invite him over the next time I grill steak. And so on.

3. Ourselves

You didn’t expect this one, did you? We negotiate with ourselves all day long.

I’ll make sure I don’t skip my workout tomorrow since I’m going to have that extra piece of pizza. My spouse has been quiet the last few days, is it worth me asking her about, or should I leave it alone? I think the car place charged me for some repairs that weren’t needed, should I say something or just let it go? I know my friend has been having some personal challenges, should I check in with him? We’ve been friends for a long time, I’m sure he’d come to me if he needed help. I’ve got the #4 pick in this year’s Fantasy Football draft, should I choose a running back or a wide receiver?

Think about that non-stop voice inside your head. It always seems to be chattering away about something and many times, it’s us negotiating with ourselves. I’ll finish up that report that the boss needs before I turn on the football game.

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Why Negotiation Skills Are So Important

Put simply, negotiation skills are important because we all interact with other people, and not only other people but other organizations and groups of people as well.

We all rarely want the same thing or outcome. Most of the time a vendor is looking at getting you to pay a higher price for something than you want to spend. Therefore, it’s important to negotiate to some middle ground that works well for both sides.

My wife and I disagree on how much to save for retirement. If we weren’t married it wouldn’t be an issue. We’d each contribute how much we wanted to on our retirement funds. We choose to be married, so we have to come to some agreement that we both feel comfortable with. We have to compromise. Therefore, we have to negotiate.

If we each lived on a planet by ourselves, we would be free to do just about anything we wanted to. We wouldn’t have to compromise with anyone because we wouldn’t interact with anyone. We would make every choice unilaterally the way we wanted to.

As we all know, this isn’t how things are. We are constantly interacting with other people and organizations, each one with their own agenda’s, viewpoints, and opinions. Therefore, we have to be able to work together.

6 Negotiation Skills to Master

Having strong negotiation skills helps us create win-win situations with others, allowing us to get most of what we want in conjunction with others around us.

Now, let’s look at 6 effective negotiation skills to master.

1. Preparation

Preparation is a key place to start with when getting ready to negotiate. Being prepared means having a clear vision of what you want and how you’d go about achieving it. It means knowing what the end goal looks like and also what you are willing to give to get it.

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It also means knowing who you are negotiating with and what areas they might be willing to compromise on. You should also know what your “bottom line” is. By “bottom line” I mean what is the most you are willing to give up to get what you want.

For instance, several years ago, I decided it was time to get a newer car. I say newer because I wanted a “new to me” car, not a brand new car. I did my research and figured out what type of car I wanted. I decided on what must-have items on the car I wanted, the highest amount of miles that would already be on it, the colors I was willing to get it in, and the highest amount of money I was willing to pay.

After visiting numerous car dealerships I was able to negotiate buying a car. I knew what I was willing to give up (amount of money) and what I was willing to accept, things like the color, amount of miles, etc. I came prepared. This is critical.

2. Clear Communication

The next key skill you need to be an effective negotiator is clear communication. You have to be able to clearly articulate what you want to the other party. This means both clear verbal and written communication.

If you can’t clearly tell the other person what you want, how do you expect to get it? Have you ever worked through something with a vendor or someone else only to learn of a surprise right at the end that wasn’t talked about before? This is not what you would call clear communication. It’s essential to be able to share a coherent and logical vision with the person you are working with.

3. Active Listening

Let’s do a quick review of active listening. This is when you are completely focused on the speaker, understand their message, comprehend the information, and respond appropriately. This is a necessary ingredient to be able to negotiate successfully. You must be able to fully focus on the other person’s wants to completely understand them.

If you aren’t giving them your full attention, you may miss some major points or details. This leads to frustration down the road on both sides. Ensure you are employing your active listening skills when in arbitration mode.

4. Teamwork and Collaboration

To be able to get to a place of common ground and a win-win scenario, you have to have a sense of teamwork and collaboration.

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If you are only thinking about yourself and what you want without giving much care to what the other person is wanting, you are bound to wind up without a solution. The other person may get frustrated and give up if they see you are unwilling to meet them halfway or care little for what they want.

When you collaborate, you are working together to help each other get what is most important to you. The other upside to negotiating with a sense of teamwork and collaboration is that it helps create a sense of trust, which, in turn, helps provide positive energy for working to a successful conclusion.

5. Problem Solving

Problem-solving is another key negotiation skill. When you are working with the other person to get the deal done many times you’ll face new challenges along the way.

Maybe you want a new vendor to provide training on the software they are selling you but they say it’s going to cost an additional $20,000 to provide this service. If you don’t have the additional $20,000 in the budget to spend on the software but you feel the training is critical, how are you going to solve that problem?

From what I’ve seen, most vendors aren’t willing to provide additional services without getting paid for them. This is where problem-solving skills will help continue the discussions. You might suggest to the vendor that your company will also be looking to replace their financial software next year, and you’d be happy to ensure they get one of the first seats at the table when the time comes if they could perhaps lower the pricing on their training.

There’s a solution to most challenges, but it takes problem-solving skills to work through them effectively.

6. Decision-Making Ability

Finally, having strong decision-making ability will help you seal the deal when you get to a place where everyone feels like they are getting what works for them. Each step of the way you can cross off the list when you get what you are looking for and decide to move onto the next item. Then, once you have all of your must-have boxes checked and the other side feels good about things, it’s time to shake hands and sign on the dotted line. Powerful decision-making ability will help you get to the finish line together.

Conclusion

There you have it, 6 effective negotiation skills to master to lead a more fulfilling life. Once we realize that we negotiate in one form or another almost every day in every phase of our lives, we realize how critical a skill it is.

Possessing strong negotiation skills will help you in nearly every one of your relationships at both the workplace and in your personal life. If you feel your arbitration tools could use some sharpening, try some of the 6 effective negotiation skills to master that we’ve talked about.

More Tips to Improve Your Negotiation Skills

Featured photo credit: Windows via unsplash.com

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