Today we dive into 3 insights to reach your potential.
Although there are a variety of steps to reach your potential, there are three critical steps that are vital to both your personal as well as professional success.
Step 1: Find the Passion.
Finding your passion also known as your “Why” changes everything— personally and professionally. When your career passes the passion test, you’re tempted to throw away your alarm clock. There is no more rolling out of bed in a grumpy mood with a heavy dread in the pit of your stomach, knowing you’ve got to face another grueling day. Instead, you’re motivated to jump out of bed with can’t-wait excitement, even when challenges arise. Finding your passion truly makes all the difference.
You may be saying, “OK, I understand it is important to identify what I am passionate about but where do I begin?” An easy way to discover your passion is by spending quiet time in contemplation and writing in a journal to get clear on your values and dreams. Pay attention to the activities that make time fly by. What motivates and inspires you to show up at your best? When do challenges have little or no impact on your attitude, focus, or commitment to achieving your goals?
Step 2: Find the Wealth.
To reach your potential, you must find the wealth. Two key components of wealth are income and net worth. While it’s essential to make enough money to meet your basic needs, you also want to accumulate a reserve or excess of money. I refer to your reserve of money as “freedom chips” or “stored energy” which ultimately allows you to become financially free. This is important because once you accumulate enough money, you can do what you want, when you want, with whom you want (the ultimate freedom).
The next step to accumulating wealth is to determine if your career is really a career or more of a hobby. The difference between a hobby and career is your ability to make income. If you love doing something but it doesn’t pay the bills, continue searching for something that can ideally combine the two. Once you find a career that provides enough income, you’ll be able to afford the hobbies you love.
Money is a means to an end, a short-term motivator. Your “Why” is your long-term sustainer. Money is important because it allows you to send your kids to the best schools, support your favorite charities and provides you access to the best medical treatment.
Step 3: Find the Time.
The vast majority of people include passion and wealth in their career equation but very few factor in the time component. Most careers trade time for money. The result is a life that may include financial freedom but provides no time freedom— leaving you very little time to enjoy the things you love.
The easiest way to include the time component is to create both passive and residual income in your small business. First determine your client’s biggest challenges and then provide them a solution that solves their problem and also provides you residual income.
Examples of residual income include products offered through on-line digital offerings, royalties on books and products, content marketing, affiliate marketing, joint ventures or products offered through direct selling or network marketing, fixed fees earn, renewals on product sales and money under management fees. The secret is to find the residual options that fit seamlessly into your business.
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