How To Make Money: 2 Secrets of Famous Entrepreneurs
When I reached the age of 30, I was still just as broke as when I was 20 and I truly did not know how to make money the right way. Then I did something that changed my life. I began asking myself, why are some people, especially famous entrepreneurs more successful in business and business development than others? This question set me off on a search for the answers, which led to this blog.
Key Business Development Secrets
These 2 “secrets” of famous entrepreneurs, are the keys to learning how to make money the right way and be a success in business development. Since you are reading this blog, I know that one of your great goals in life is to become an extraordinary business person. Each of these business success secrets will help you to move ahead more rapidly toward the wonderful life that is possible for you. Enjoy the journey!
Secret #1: Learn How To Make Money For Your Business
My secret for learning how to make money is focused on what you can contribute to your business. The market pays excellent rewards for excellent performance. It pays average rewards for average performance and below-average rewards, failure, and frustration for below average performance. If you need to know how to make money for your business, your goal should be to become an expert in your chosen field by learning every single detail about how to do your work better and better.
Read all the magazines and blogs in your field. Read and study the latest books. Follow and add famous entrepreneurs in your industry on social media to receive their news feeds. Attend courses and seminars given by experts in your field. Join your industry or trade association, attend every meeting, and get involved with the other top people in your field.
If you are in sales, become an aggressive, lifelong student of the selling process. The top 20% of salespeople earn, on average, 16 times the amount earned by the bottom 80% of salespeople. The top 10% of salespeople earn even more. If you are in management, resolve to become an outstanding professional manager. If you are starting and building your own business, study entrepreneurial strategies, famous entrepreneurs and tactics and try out new ideas every single day.
Secret #2: Famous Entrepreneurs Get Around The Right People
Fully 85% of your success and happiness in life is going to be determined by the quality of the relationships that you develop in your personal and your business activities. Similar to famous entrepreneurs, the more people you know and who know you in a positive way, the more successful you will be and the faster you will move ahead.
At virtually every turning point in your life, someone is standing there to either help you or hinder you. Famous entrepreneurs make a habit of building and maintaining a network of high-quality relationships throughout their lives, and as a result, they accomplish vastly more than the person who goes home and watches television each night.
More than 90% of your success will be determined by your “reference group.” Your reference group is defined as the people with whom you habitually identify and pass the time.
You are like a chameleon in that you take on the attitudes, behaviors, values, and beliefs of the people with whom you associate most of the time. If you want to be a successful person in business, if you want to become one of the famous entrepreneurs, associate with positive people. Associate with people who are optimistic and happy and who have goals and who are moving forward in their lives. At the same time, get away from negative, critical, complaining people. If you want to fly with the eagles, you cannot scratch with the turkeys.
Whenever you meet new people, ask them to tell you about their businesses and, tell you what you would need to know to send clients or customers to them. Then, as soon as possible, see if you can send some business their way. Be a “go-giver” rather than a go-getter. Always look for ways to put in before you start thinking of ways to take out.
The very best way to network and build your relationships is to constantly look for ways to help other people achieve their own goals. This is the best secret for learning how to make money without expecting something in return.
Become A Successful Business Person
If you consistently and persistently do the things that famous entrepreneurs and successful business people do, nothing in the world can stop you from becoming a big business success yourself. You are the architect of your own destiny. You are the master of your own fate. You are behind the steering wheel of your own life. There are no limitations to what you can do, have, or be except the limitations you place on yourself by your own thinking.
If you need to learn how to make money through business development, study the habits of famous entrepreneurs and identify the trends in your business. What are the core competencies or key skills that you will need to lead your field in the future?
Make a plan today to develop those skills and then work on them every day. If you enjoyed reading and would like to learn more, order 21 Success Secrets of Self-Made Millionaires. To YOUR success!
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To learn all about how to achieve optimum success, take a look at my recent post How To Be Successful In Life.
Topics included in this article are:
How To Make Money
About Brian Tracy — Brian is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on Google+, Twitter, Facebook, Pinterest, Linkedin and Youtube.