Posts Tagged ‘Business Coaching’

Don’t Hide

Posted: February 10, 2019 in Bayless Enterprises
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You accept it right from the jump that you will face trials and tribulation… If you accept it now, it will be much easier to tackle it when you walk right through it. It is all a matter of time. Be ready for these things; you can obviously not prepare and plan for every possible form of adversity… but key is to prepare for the idea of adversity.

Frequently people find ways to escape reality… That is only going to set back your progress and stifle your ability to overcome the problem at hand. I know people close to me who have their own forms of escape. They find ways to escape into a book or a video game or binge watch a tv show. Do not get me wrong, in it of itself, none of these are bad things… The problem doesn’t lie in the objects, yet their purpose… or more clearly, the motivation behind their use.

Although I will not argue that it has valid benefits other than simple entertainment, I, just like my Momma, enjoy watching tv. Now, when it comes to video games, it is all within perspective and a level of moderation. There have been many studies with evidence to suggest that video games promote a higher level of hand eye coordination; this seems to be a clear benefit; some would argue, why is that necessary… an argument for others to have… I do not choose to engage in such a topic. With books… you will never hear me express any reason to not read a book. I am a firm believer as are many other entrepreneurs and teachers that reading and learning should never stop. I mention other like-mined people in this instance not as evidence to support my claims moreover, to give credit as this is not an original idea and I appreciate giving credit where it is due. Continuing to read and educate one’s self is not a new idea…it is just something that needs to be reminded to each other as sometimes we forget.

Back on point… none of these things in themselves are harmful, some can even be beneficial within proper context and based on proper motivation.

Motivation:
What is driving to do them? Of you want to sit back and play some video games, catch a movie, watch your favorite show or just enjoy a book, these are all choice ways to enjoy some free time. I wouldn’t presume myself arrogant enough to tell you how you should enjoy your free time, but that isn’t what we are speaking on. We are talking about time that should be focused on your business. When something finds itself in your way, you need to be prepared to handle it and take it down opposed to needing a moment to escape. When you find yourself in a book, game, or tv just because you need to get away, you need to be making different choices in life or business. You shouldn’t need to escape; you need better coping skills. You need to accept that life happens, and problems arise even in business… even when you have made perfectly sound choices for your business… things happen, and things do not always go according to plan. It is okay when they don’t; you can handle it.

Escaping isn’t psychologically helpful, nor is it beneficial to the success of your business. Your business needs you. You need to be ready for you’re in for. Don’t fear the adversity; learn to thrive in it. It is going to keep coming for you; you are bigger and stronger.

Don’t hide.

Livin’ Larger Than We Outta

Posted: February 8, 2019 in Bayless Enterprises
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What does your lifestyle look like? You heard the phrase, “dress for the job you want, not for the job you have.” Let’s take that principle to a whole new level. You should be living the life you want, not the life you have…unfortunately, far too many people are doing this because they don’t really grasp the full scope of the principle.

You want to be rich and successful, live like you’re rich…

Okay…now, let’s dive into that…
You have to cherry pick the characteristics that help to get you to that level of wealth opposed to flaunting wealth you do not yet have. Some wealthy are just lucky… they have been born into it or inherited it or something… but many of the wealthy have become wealthy based on wise decision or success with a particular skill… The key is not where they gain their wealth but how they keep it.

The money you make, whether big or small, must be handled carefully. Far too often, people who are making less money are less careful with their money. If you are making more and a problem arises, you are more likely to be able to handle it. While when you are making less money, you have a higher likeliness of facing a struggle. The sad fact is that although, the wealthy can potentially handle said problem with more ease, they still are more careful when counting their dollars. You need to learn now to be careful with your money. You must be mindful of your spending and spend each dollar with intent now while you have less of those dollars so your bank roll can continue to grow.

You need not live a life of luxury… You aren’t there yet. Do not live beyond your means. That isn’t wise nor will it give you the wealth you are seeking and the wealth you deserve.

Make wise choices with your money. There was an employer that I worked for years ago that had the most perfect mind for money. He always seemed to know when it was time to cut his losses, invest in new areas… he saw the value in things that weren’t inventory such as an atmosphere in his stores, a basic comfortable moral amongst his staff, investments in the city around him by being involved in charities and working with many organizations around the city. He also operated under the mindset that it didn’t matter whether he spent $5 or $50, he wanted his money worth. There was an incident in which he had offered the staff a generous meal that was catered but the staff was stuck taking turns as they could not neglect their post tending to customers. As things were running a little behind, he politely requested that they give him an extra 30 minutes to ensure everyone got to eat… He offered them another $50 for 30 minutes. They politely agreed only to remain moody for that last 30 minutes and rush the last few people. Needless to say, he was frustrated at the idea that he had paid extra for his staff to be cared for only to have his staff somewhat snubbed and they didn’t stay for the full 30 minutes. As long as I have known this man, he is a man of principle a man who was going to get what he pays for… no matter how big or small. It isn’t about the money… but more the principle. For this discussion, I want you to focus on the money…

The point here is that every dollar should matter. I have had friends even family members who I watched live paycheck to paycheck. I also watched them go to the store and buy things they didn’t need and say, “ahhh…It’s only a dollar.” You say it’s only a dollar ten times, that’s $10; do that every week or every few days, that’s a lot of dollars tossed away.

I’ve watched friends go to concert after concert only to be wondering how to get gas money the day before payday. Years ago, I had a roommate that would get paid Friday; by Monday, he was trying to figure out how to make it through the week. The idea is simple… each dollar should matter.

If the dollars matter now while you have less of them, you will be much better equipped to manager your business as it grows. You will have lots of responsibilities that are all dependent upon your ability to manage things well.

You’ve got your whole life to party and go to concerts and whatever else it is that you’re spending your money on. The most important key you can take away from wealthy people about staying wealthy is to focus your attention on your business, investing, and watching your dollars. They can’t disappear if you’ve got your eye on them.

There is a great photo of Jay-Z when he had $600,000 listed as his net worth…. He was just getting started building himself and his brand. He was wearing a sweater and three enormous gold chains; the cost of each was probably quite ridiculous along with several large rings on his fingers… There is a later picture of him when his net worth is listed around 5 billion… he is wearing a long sleeve shirt with a single thin gold necklace and no other jewelry. He stopped focusing on the appearance of wealth and redirected his attention to actual wealth. He is known for spending money… But that is no longer his focus as it was when he was young. Learn from this. Focus on building your wealth, not appearing wealthy.

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