Good Morning Everyone!
Getting the most out of business, and life really comes down to a pretty simple equation Opportunities – Resources = Profit (Profiit?) This can be in anything really. In business the goal is to make more money than you spend. So you have to take as many opportunities (sales etc…) to make as much money (Resource) and spend a little money as possible to become profitable.
It works that way in other things too.
Imagine you are a high school track star and you want to get recruited by a top college track team, but to do so you have to improve your time. You will need to practice to get better. In this case you will like need to increase the available resources you have (time) by removing as many things that take up your time as it is. You will also need to be in peak health (resource) so to increase that resource you will need to improve your diet and maybe take some supplements.
So in order to solve this equation and become as profitable as possible we occasionally need to do what I like to call a “Life Detox”.
What I mean by this is examining every area of your life and removing anything that doesn’t work so as to increase the resources you have in order to take advantage of the opportunities available to you.
• Health. Could you stand to remove some junk food from your diet?
• Money. Can you honestly say that you need everything that you are currently paying for (business or personal)? I bet if you look through your monthly transactions you will find tons of things you think are essential, that you really don’t need at all and can improve your money resources just by removing them.
• Relationships. Is everyone in your life helping you profit (in every sense of the word)? Or are there people who, whether they mean to or not, hold you back from your goals, drain you mentally or physically, or otherwise hold you back? If so remove them from your life or minimize them as much as possible.
• Time. How much time do you spend doing things that don’t push your life forward and help you profit?
Buy a journal and every hour spend 5 minutes writing down everything you did the previous hour. Be honest. Then after doing that for a week review it and see where you have used your time the least wisely and can improve in order to increase that resource.
Optimize these one at a time if you feel overwhelmed. Once you do you will see instant and dramatic results, and if you document where you are when you started and where you are after you life detox you will be amazed at your progress.
I’m working on all of these myself.
Health – I quit caffeine, started eating vegetarian, and started taking martial arts
Money – I am actively promoting more of my offers, using the resources I have (retargetting, email, groups etc…) to increase revenue.
Relationships – This one is unique for me… I am actually working on adding helpful relationships as I have been spending a lot of time alone so I am actively trying to be more social, and add productive team members (we just added a great new designer to Legiit for example). So for me this one is subtraction by addition.
Time – I have really spent a lot of time coming up with ways to optimize my time every day, mostly by turning off distractions and chunking tasks.
I will talk more about this in future updates.
So I challenge each of you to do your own life detox.
Feel free to share in the group things that you can detox to increase your resources, solve the equation, and make more PROFIIT in everything you do…
and if you don’t want to share with the group you can always tell me privately.
Talk to you tomorrow.