Module 1 ~ Lesson 4

Lesson 4: Six Components of a Successful Business


1 – Know Your Why

What is your big WHY – your Purpose?

When you discover with complete clarity your WHY, then you have uncovered the absolute secret to success for your life and business.

You are at your best when your heart (passion) and mind (attitude) are in alignment and connected with your true path and purpose. This is true in your personal life as well as with your business. When they aren’t aligned, there is always a degree of dissatisfaction and unrest.

12 Signs that You Are Living Your Passion – Your Life with Purpose

  1. You lose track of time.
  1. You smile and laugh more.
  1. What you are doing does not feel like “work”. It brings joy and a true sense of accomplishment and satisfaction.
  1. You trust your heart and your instincts and act on it.
  1. You really light up and become animated when you talk about what you do.
  1. Your friends and loved ones notice the shift and …
  1. Everything just flows better. Synchronicities happen. You recognize that things happen more effortlessly.
  1. You feel truly alive. You are inspired all the time.
  1. You find the courage to take the risks necessary for growth and to move forward.
  1. You no longer feel like you are selling out for a paycheck. Your income and purpose are in alignment.
  1. You no longer have that nagging feeling that something is missing in your life.
  1. You are enjoying the journey (living in the now) and know it’s not about the destination. It’s about the relationships and shared experiences along your path.

Read this article for more on the topic of Living Your Purpose and Passion.

2 – Have a Plan

Know Your Desired Outcomes.   Commit to a written Business Plan with clearly defined, vibrant goals.

Make your goals S.M.A.R.T.

S    Specific; Simple

M    Measurable; Meaningful to You

A    As if Now; Achievable; All areas of your life

R    Realistic; Responsible/Ecological

T    Timeframe; Toward What You Want

Are you aligned and connected with your true passion and purpose? A business plan and set of accompanying written goals is meaningless and not effective without clarity and alignment with your true passion.

3 – Take Action

Be willing to do what it takes to accomplish your outcomes.  Be consistent in your actions and build the positive habits. Practice leads to mastery.

Small Steps
Any movement or action, no matter how small, toward what you desire is all it takes to build momentum and achieve results.

Focus on what you want (not on what you don’t want).

Create a Success Action Plan that outlines the action steps (tasks and habits) to move you toward your desired outcome.
Implement effective and productive business systems. Leverage your time and resources by establishing duplicatable systems to help your business operations run smoothly and efficiently.

Be aware of your health, physical and mental well-being.  Ingest healthy, nutritious foods that uplift you and give you energy. Moderation is the key! Discover and practice methods that support your overall well-being.

4 – Measure & Track Your Results

Be accountable!  You can’t improve what you don’t measure.

Identify the method for determining achievement of your goal/outcome and track your progress.  An excellent tracking system will allow you to make necessary course corrections and adjustments as well as gage your overall success.

5 – Be Open & Adaptable to Change

Change is the only constant and requires you to remain flexible and adaptable.

Embrace change – don’t fear it. There is always opportunity when circumstances or your environment changes. Find those opportunities and act on them right away instead of being reactive.

Be flexible.  The Law of Requisite Variety states that the person or system with the most flexibility of behavior will control the system and eventual outcomes.

Operate from a physiology and psychology of excellence.  Be in control of your mindset (attitude).  Choose to be in a powerful, positive state.

Take Personal Responsibility for your actions. Choose the “cause” side of the equation – be the victor not the victim – take personal responsibility for your actions.

6- Ask for Help!

Collaborate. The journey is so much more fun and enjoyable when you share it with others.

Hire someone – a mentor, coach, consultant, expert, professional – to assist you in reaching your desired outcome(s).  The right person can offer a third party perspective; provide necessary guidance, accountability and expertise.

Find an accountability partner.

Form or join a mastermind group to support each other’s goals and commitments.

Participate in the RETB Private FACEBOOK GROUP

Module 1 - Lesson 1

Introduction to Real Estate Team Building 

Module 1 - Lesson 2

Primary Focus Areas for Team Building

Module 1 - Lesson 3

The Four Archetypes and How They Fit

Module 1 - Lesson 4

Six Components of a Successful Business

Module 1 - Lesson 5

Two Critical Keys to Team Building

Module 1 - Lesson 6

Agent Team Models

Module 1 - Lesson 7

Know Your Company and State Requirements

Module 1 - Lesson 8

Let’s Get to Work!

If you have not already done so, go to the Module 1 Overview page and download the Workbook, Slide Decks, and all related Documents for this module.

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