Make a Power Shift

April 5, 20180 Comments

Yes, your mind is a terrible thing to waste and you have to get your mind in shape in order to embrace the power within and to grasp the power outside.  Making a Power Shift is all about you and how you act professionally.  This is an advanced level of thinking and doing – we are talking about positioning you in a way that reflects your goals as an entrepreneur.

To make a Power Shift, you have to develop what I call a “power mindset.”

This is how you compete. 

This is how you win!

Power is the ability to influence, it is not leadership or control. We implement processes that ensure you’re focused on an intelligent power shift in our entrepreneurship education.

A power mindset is a general term; moreover, we like to keep things simple.

Having a “power mindset” means understanding that owning and acquiring a successful entrepreneurial career is an investment and that investment should yield positive results.  In order to pick the right investments for your career and to perform at your best, you must develop a “power mindset.”

First, let me share how I define a “power mindset?”

According to WordNet® developed by Princeton University, a mindset refers to a habitual or characteristic mental attitude that determines how you’ll interpret and respond to situations.  Business is the principal activity in your life that you do to earn money.  Power is the capacity or ability to direct or influence the behavior of others or the course of events. Therefore, a power mindset allows you to think about how you’ll interpret and respond to business situations and determine the desired outcomes on all levels.  You must lead and influence your entrepreneurial career according to your career vision; not only by what’s happening today.

Here are seven examples of having a business mindset:

1.  Having a “power mindset” is knowing that the purpose of business is to make money.  Sometimes your hobby is just a hobby.  Either you’re going to have a hobby that makes you a little extra money or you’re going to have a business that requires a higher level of development in order to acquire a higher level of income.

2.  Having a “power mindset” means thinking for yourself vs. letting other people think for you.  Don’t allow the experts to control your destiny or your dreams, let them help you get there.  Take some time to think, document, research your own idea before asking for help – if you do – you will be better equipped to ask for exactly what you want and getting it.
 
3.  Having a “power mindset” means being more strategic about your business activity.  Don’t just go to any networking event or take on any job; know what results you want before you invest in business activity.

For example, do you know how much it really costs you to attend a training session or a networking event – Money, family, time, babysitter, gas, etc?  In order to recoup your investment your reasons for investing in the training must be things other than meeting people and “I just want to learn something.”  Why?  That’s a given when you go to networking (meet people) or training (learn something). Your purpose for attending any event must be  One, aligned with your vision and Two, focused on profitability.  So make sure you have a specific outcome in mind before investing in business activities like networking and training.

4.  Having a “power mindset” is knowing that we need to connect with our businesses and that connection is…profitability. How do you connect with your profitability?  By knowing your profit margin, cash flow, competitive advantage, sales goals, and your key profit indicators.

5.  Having a “power mindset” is understanding strategy and implementing it into your business practices.  These days we tend to focus on the day-to-day mundane tasks and deadlines, solving short-term problems, and implementing marketing tactics that aren’t a good fit for our businesses.  Strategy concerns itself with what’s ahead, looking at where you’re going and how to get there.  Thereby, making you ask the question—”is this task in line with where the company is going and/or where I want it to go?”

6.  Having a “power mindset” is being open to multiple streams of income and multiple businesses.  I met a lady at a conference a while back, and I will never forget what she told me – “I have one business that’s my passion that makes me a good income and I run it.  I have another business that generates substantial profit for me and I have someone else to run it.”  The point: you don’t have to put all your eggs in one basket – that’s part of having a business mindset.

7.  Having a “power mindset” is understanding your emotional ties to your business.  Understanding the emotional ties to your business will allow you to break through your personal barriers that prevent you from doing what you say you’re going to do and also doing what you want to do.  The next time you get emotional in your business jot down what you’re feeling and what triggered it, this is how you begin to recognize which emotions are keeping you from doing good business.

Every business decision you make today affects your business today, tomorrow, and in the future – so exercise your brain, gain skills-knowledge-intellect, and cultivate a power mindset.

Join me as a community member to begin reaching higher!

Your Transmogrifyer,

Sherese Duncan

© Effició, Inc.

p.s. Learn more about our Entrepreneurship Education.

Filed in: CEO Journal
Tagged with:

About the Author ()

Duncan has owned and operated Efficio, Inc., a business education company for over 20 years. As the visionary leader of Efficio, Inc., Duncan is spearheading a global initiative to help entrepreneurs build successful business enterprises. In addition, over the last seven years, Duncan’s expertise extends to seven additional viable businesses including dimage, an image consulting firm, Efficio Radio Network, a small business talk Internet Radio Station, Efficio's Business Institute, an online school for entrepreneurial credentials, Tactical Growth, a strategic marketing firm for small business owners and For Educators, an organization dedicated to serving higher education institutions with entrepreneurial curriculum, marketing support and program development.

Leave a Reply

training

Back to Top

error: Content is protected !!