Ditching our ego will take us places we have never seen. Putting down the pride will make us do the right thing, we will be amore coachable and learn more at the same time. It won't be easy to raise the white flag and surrender but it's doable.
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Topics: Life Coaching, Accountability, Character, Community, Relationships, Success, Significance, Priorities, Commitment, Discipline, Clarity, Development, Self Development, Decisions, Crossroads, Encouragement, Leadership, Truth, Personality, Ego
You can make all the money you want, you can be as successful as you want, you can impress everybody, you can own whatever but if your family is not right, it's all useless. That is why I talk about the family about 75% more times than I do business.
Robin has a sign that sits on her nightstand and it says "always kiss me goodnight." So for 37 years now, almost every day, every year of our marriage, about 99 and half percent of the time we always practice this.
The Bible teaches us not to go to bed at night letting the anger stay with you. You got to deal with it. And even though we've gone to bed some nights, we fight just like you do, no we're not perfect, but Robin always comes up to me and kisses me goodnight. Kind of softens the anger a little bit. We'll talk through it and work through it. It's important that we deal with things. There are other things in life that we dealt with that have been instrumenta but Robin has taken the lead role in this. She said it's not healthy for us to go to bed angry at night.
Guys I want you to honor your wife. Ladies, do the same to your husband. Maybe implement that strategy yourself and get that little sign so you can can have a great relationship. Don't go to bed angry. A lot of times people say well a good night sleep will do you good but I'm going to tell you, a good night sleep just let you be passive and you just sweep it undr the rug. And there will be a day that you'll deal with it. It will be a lot easier to deal with things that day.
Honor that covenant because it will pay huge dividends in the future. Our families are the most important relationships on the planet. So honor them well and I just want you to pay attention. Always kiss me goodnight and it will serve you well.
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Topics: Life Coaching, Character, Family, Relationships, Success, Significance, Parenting, Clarity, Wife, Decisions, Crossroads, Wisdom, Encouragement, Leadership, Guide, Communication, Attitude, Legacy, Personality, Anger
Great habits and good company have a way of turning times like this from tragedy to triumph.
While I was working on the new personal assessment that I'm putting together for our community. When I was reading through the family section, it kind of touched me, my own heart. I started thinking about my own family, and my daughters and my grandkids.
Guys, listen, I want you to lean in. Family is the most important dynamic of what we deal with each and everyday. I am all fired up about making money. I love to make money. I never want to take away from making more money today. Don't hear me wrong. I'm not saying making money's wrong. I want you to go make all the money that you can. Absolutely. What I don't want you to do is do it at the expense of your family.
And what's difficult for some of you guys to hear right now is you're young, you've got a lot of financial obligations and responsibilities ahead of you. I know you're torn. I get it man. Listen, believe me, for 40 years I've been getting that. I understand it. But some of you guys are doing this success thing at the expense of your children.
Anybody can be a father but it takes a real man to be a daddy. I want you to build those boundaries. And be careful. When you come home at night and your little Billy or Susie says, "Daddy can we play?" Man shut those electronics off and go out in the yard and play with those kids. They never ever will ask you "Hey Daddy, how much money did you make today?" They don't care. What they want is your time and listen. Spend the time with them. Don't cheat them out of the most important part of your day.
Don't come home exhausted. Man up and go out there an play with those kids. And I promise you the returns on that time invested will be invaluable.
Don't waste your whole life coming home one day with a pocketful of money to a house full of strangers.
When you get old like me, fat and bald headed, you can look back and not have regrets.
Again, make all the money you can but man when those kids come up to you and say "Daddy can we go out and play?" Just answer "Yes, I'm on my way!"
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Topics: Motivation, Accountability, Character, Masterminds, Family, Balance, Relationships, Success, Significance, Priorities, Parenting, Commitment, Discipline, Clarity, Reputation, Development, Decisions, Encourage, Encouragement, Leadership, Father, Father Figure, Advice, Expectation, Legacy, Personality
10 Tips On How To Create A Great Partnership.
I have had about a dozen partnership over the years of me doing business. Don't let people stop your dreams when they tell you that partnerships don't work. That's not true! If they are carefully planned and structured. There has to be an operating agreement!
Here are some tips and things you need to consider so you can create a great partnership.
1. What is the business evaluation formula if we decide to sell? Deposit/length of time/interest rate/etc ( This should be a price that dissuades the partner to sell, not rewards him)
2. What if one partner develops a competing product? Does this negate the partnership? I suggest a length of time for a no non compete.
Who owns the product and platform if you dissolve? What happens if one partner dies?
3. Do I have first right of refusal if the other partner wants out? Will the same evaluation formula be used? Historically, you are penalized when leaving prematurely. This always encourages the partnership to remain in place. It keeps each partner from plotting an early exit. Keeps everyone honest.
4. If a cash influx is needed from the partners are you agreeing to bring your % equal to your ownership %? How much time is allotted for your contribution? What is the plan if the partner says I don’t have or do not want to contribute additional capital?
5. How will the profits/proceeds be distributed? This is a big concern. I suggest a % be distributed and a % be reinvested back into the business. Don’t establish a dollar amount, it always changes as the business grows.
6. When will profits be distributed? Monthly/Quarterly/Annually?
Your needs will always be different. A formula for distribution of profits needs to be in place regardless of your needs. Never distribute based on needs of the partner, this will cause hardship and confusion. Distribute on a schedule.
7. What is the job role/responsibilities, of each partner? Write them out.
8. What is the process if the partner falls on hard times and wants to sell? Non elected, forced ( Bankruptcy, divorce, health, etc..) Formula for evaluation/terms/first right?
9. Is there a dispute clause if you reach an impasse? Or, majority owner holds the red button?
This could be a phased approach. 1. Owners decide 2. Trusted advisors decide (predetermined) 3. Arbitration
Where will the partnership be incorporated?
10. There should be a vision/mission/core values.
You cover these big topics and your future life will be much better, I promise.
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Topics: Business, Motivation, Masterminds, Finances, Relationships, Success, Significance, Priorities, Commitment, Preparation, Clarity, Development, Decisions, Encouragement, Risks, Leadership, Guide, Communication, Execution, Trusted Advisor
The best asset you could possibly have is the way we respond.
Yesterday I went to a local medical supply company to buy a little device that I needed. When I walked in I greeted the receptionist good morning and asked how she was and her respond was "Thanks, could be better here but I'm just telling you it's just not gonna be a good day I can already tell!" And I thought öh my gosh! Who is the world they got at the reception!" But she still proceeded to tell me things I didn't have to know. This lady just can't wait to tell me the problem.
You know what I did next? I did not respond. I did not say anything.
If her respond could have been different, it could have been positive I just started laughing inside.
Is that you? Are you like the receptionist? Always looking for an opportunity to pounce on any opportunity that you can to get a word out and cut somebody? To make somebody feel less than so you'll feel better about yourself? Are you that person that sits in the water cooler always talking about this and that?
Lift those people up! It will change the dynamics of your conversation. It changes the air. It changes the attitude. Opportunity starts knocking in! Look for every opportunity to edify, lift up, encourage and watch what happens in your spirit for you personally. Listen, the money will come! I promise you. It will come if you change your attitude. This very day, choose what kind of attitude you're going to bring in any situation that you're in. Go out there and enjoy your family and have a great time!
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Topics: Character, Community, Relationships, Significance, Priorities, Tips, Discipline, Clarity, Reputation, Development, Self Development, Decisions, Crossroads, Encouragement, Leadership, Guide, Communication, Advice, Personality
