Good Morning Brett and everyone on the call today…
I’m really glad to be here with everyone today…
Happy Holidays, Merry Christmas, Happy New Year to everyone…
This week as Brett said we are discussing business growth-financial independence by creating assets…
I prefer to start a couple steps before that and this is an excellent time of the year for what I would like to share today.
I work with individual clients as well as small, medium and large companies and large corporations and a several high income network marketer’s 6-7 figures. We use different words to talk about the same things in the area of financial independence or financial strength or financial growth.
Corporate hard assets, retained earnings, per share earnings, net ROI, long term share value, golden parachutes.
Small-medium business, sales per transaction, profit margin growth and retention, profit per labor hour, again retained earnings and hard assets, exit strategies with long term sustained income.
Network marketers, team width and depth, team growth, Team retention as an asset, PSI, TSI, long term residual income.
That’s some of the different words we use to communicate the same idea and the same concerns for financial independence and asset acquisition…
Now here is the list of some of the words used by all the successful people who fit into this list… They are using the same words in this case… Words like:
- Vision
- Goals
- Action Plans
- Time Management
Let’s break down this very short basic list…
Vision, mid-term, long-term, life vision plans. They all have a very clear picture of the end picture, in great detail. They have taken the time to define their life vision and it includes what they will attain, achieve and acquire. Specific hard assets, life style, financial reserves, income streams, charitable giving and their legacy. They start at the end result and work backwards in time, they visualize their ultimate destination and then work backwards in time building the vision in stages.
They can then move on to goals…
Goals, they all have very specific short-term, mid-term and long-term goals. These are most often broken down into 1-3-5-10 year goals with time lines attached to each goal time frame. These goals are specific, measurable, attainable, relevant and timely, SMART Goals
Their 1 year goal is then broken down into 12 monthly segments, with monthly target points. They are actionable goals and they remain fluid in order to adjust to conditions or circumstances that require such adjustments. In that way a surprise road block doesn’t throw them off track and derail their goals or plans…
This allows them to move into action plans…
Action Plans, they all use action plans. Action plans are more of a weekly strategic system of breaking down their monthly goals into weekly manageable segments. The action plans incorporate their needs in the area of assistance, collaboration, assets, objectives, meetings, activities, weekly targets, with pre-determined priorities.
I have an international client in NY. We set their annual goals for 2017 last month, in detail, including sales, new products, staffing, distribution channels, profit margins, asset acquisition, stock par value goals, retained earnings and short term and long term investments etc. We meet for 3 hours each week the entire management team from the CEO to all major department heads, they get coached weekly, and we review everything on our action plan list for the week, for the month and certain annual plans that require early intervention. You need to do this if you are a team of one or a team of 5, 10, 50, or 100’s.
Time Management, They all are masters of time management, outlining their month in general time blocks and needs and any pre-set meetings, events etc. AND they tend to specifically set aside time to time block their week in advance each week. I require all my clients to use a well-designed planner (mine, by Sara Jane). We will review this planner among other things weekly. They stay focused and pay attention to their time demands and do not get distracted very often. They usually however build time blocks into their planning that allow for surprises and special needs that can and will arise.
I will have a special 4 session class coming up on WEVO that goes through all of these steps in greater detail and depth and in fact Sara Jane from Time Managed is doing an entire session with me for this WEVO class. She rocks it in this category of time management.
That’s all my time this week, thanks Brett for inviting me once again to share this small presentation and thanks to everyone on this international call for being here and for being present. The energy of this group is amazing, I applaud you all.
I wish you all an amazing 2017….
Frank White MBA, PhD
