February 2019 « Confidence Coach

Profits

Today I want to talk about profits. Profits seem to always be at the top of your mind if you are in business. It’s one of the most important numbers.

Think about profits, not only in your numbers and your financials, but also start thinking about how you “profit” from mistakes that have happened in your business.

How do you profit from setbacks that have happened in your business?

How do you profit from losing customers or clients in your business?

How do you turn this around and learn from things that happen?

How do you turn them into ways in the future that will actually generate cash profits in your business?

Don’t shy away from your mistakes by not talking about them or really addressing them. However, instead of focusing on the negative aspects of a mistake, I want you to create a learning lab. Admit what went wrong or didn’t work but use this as motivation to change things for the next time.

Ask what CAN we learn from this?

What DID work?

Because there are always things that you DID DO RIGHT. Focus on what worked; what went right; how can we make things even better; what will we do different next time; what needs to be changed, fixed, updated?

You could be missing out on some great opportunities here. Because it’s the easiest thing to do, every business owner I know asks what went wrong last month, last quarter, last year.

Turn it around. Phrase things in the positive — here’s what we are going to do. Here are the things we are going to work on.

Think about it from the standpoint of positive outlook leads to positive future profits in your business — whether it be future benefits, future revenue, or future better client/customer experience.

How can we profit from mistakes or setbacks? How do we profit from a product that flops or a service that doesn’t work? How do we profit from customers leaving us? Can we actually get more from a customer leaving than a customer staying?

My answer to you is “Yes”!

Because I would argue that depending on how you look at the situation, you can profit by seeing what worked and how you can do better the next time.

Your future is huge if you change your perspective about profiting. If you need help in this area reach out to us and schedule a free consultation sometime.

by Scott Ballard , February 24, 2019

Mistakes are the Tuition for the Future

I like to focus on the positive, but if you’ve ever made a mistake in your business in the last month, quarter or year, you know how hard it is to stay positive sometimes. Here’s a way that I have learned to think about mistakes in a manner that will affect your future so that you can learn from it.

In last week’s blog I said there was Learning or Winning Only!! If you’ve ever made a mistake though, think of it in terms of part of the “learning” process. Think of mistakes as the tuition that we pay as business owners. It’s the entrance fee or tuition we pay for learning.

We can learn how to win the next time we run across the same situation. If you look at mistakes as the tuition for your future greatness, it is an opportunity for you to continue to learn, win and grow.

To learn more about what we do take a look at our website, leave a message if you have questions or subscribe to us on YouTube.

by Scott Ballard , February 17, 2019

Learning or Winning Only!!!

There is a cycle that I like to call “Learning or Winning.” If you keep repeating this cycle, you will always come out ahead and succeed as a business owner or entrepreneur.

If you recognize that something hasn’t worked in a particular situation, then you are already in the learning phase. You begin to try something else to see if you will have better results next time. This is called the learning stage.

You are learning from the past and then move on to try and implement something new so that you get a better result and this leads to the winning stage.

As it happens, even when you get to the winning stage, you sometimes have setbacks and find yourself back to the learning stage again.

This is the learning or winning process.

But it has to start with every day in every situation asking:

What went wrong?

What can we learn from this?

How can we get better to win bigger next time?

And then making those changes as fast as you can — and then doing it again and again and again.

To quote Nelson Mandela: “I never lose. I either win or learn.”

If everybody in your company applied this mindset of asking these three questions, it would make your business more valuable, you would serve your customers better, and you’d be creating a better future for everyone you come into contact with.

To learn more about what we do check us out at our website or schedule a free catalytic conversation.

by Scott Ballard , February 10, 2019

Find Your Underdog

Today the question I want to ask you is do you consider yourself an underdog?

Do you consider yourself an underdog because somebody else has labeled you this?

Or, have you labeled yourself as an underdog — as somebody that could never do anything; that could never be a success, could never win, could never have a big life?

If you have, use being called an underdog to inspire and energize yourself!!

Everybody roots for the underdog because we want him to come out on top. Be that overcomer, that achiever — learn and win!

I’ve been an underdog since first grade — so basically my whole life since I’m 59 now! I have learned to use this as motivation to overcome. You can do this too. Instead of being down, look up and keep going.

Learn from this experience of being an underdog and never give up.

Use it as motivation to overcome, to learn and then you are headed in the right direction towards Winning!

It’s all a matter of attitude and how we see ourselves.

You are valuable.

You matter.

You are important and you have things to share with the world that only you can do.

Be all that you are made to be.

So get in touch with your underdog right now. Think about those people that have said to you — “You’ll never make it.” “You’ll never be somebody.” “You’ll never be a success.” “This will never work.”

Go back and revisit those emotions of being an underdog and instead of feeling down, let yourself get energized by this. Then turn that energy into actions that will create winning and success for you — both personally and professionally.

If you need some encouragement on how to overcome being an underdog reach out and schedule a free consultation or send me an email and we can set up a time to talk. I’d love to help you in this area.

by Scott Ballard , February 3, 2019