Learning From The Best

Why struggle to figure out how to get there when someone has already walked the path you are now walking and they can help guide you along the way.

“If you ask any successful businessperson, they will always (say they) have had a great mentor at some point along the road.” – Richard Branson

Mark Zukerberg, Bill Gates & Richard Branson have all talked about the benefits of learning from mentors.

No matter what stage your business is at, a start up, established and/or expanding, learning from someone who has done it before just makes sense.

It amazes me still how some people view asking for help as a sign of weakness instead of the smartest thing to do.

Why struggle to figure out how to get there when someone has already walked the path you are now walking?

The biggest investment you ought to make by far in any business is in yourself. No business plan or any amount of money can overcome a confused mind.

Think about it. You can have a co pilot in the plane with you who is vastly more experienced who can show you how to fly a plane or you can jump into the pilots seat by yourself and either crash & burn or take a lot longer to land safely at your destination. Your choice.

“One of the greatest values of mentors is the ability to see ahead what others cannot see and to help them navigate a course to their destination.” — John C. Maxwell

In our Book Arb community we have both coaches and mentors who are showing us the way in specific detail. Because they are in our industry and not just general business mentors they are keenly aware of the specific challenges we meet.

Their attitude to the person is “‘Let’s go do it,’ not ‘You go do it.’ How powerful when someone says, ‘Let’s!’” — Jim Rohn

In addition to all the other supports in our community this kind of mentoring delivers awesome reinforcement. Their intention as I continuously experience it is not just to empower us to make book arbitrage a successful business. They are actively developing entrepreneurs which goes far beyond this current business model.

Their vision is much more expanded than book arbitrage alone and it is a privilege to be a part of such conscious empowerment. Jon & Luke are changing lives forever.

“Vision is the art of seeing what is invisible to others.” ~ Jonathon Swift

They are changing the way we see ourselves and providing the practical steps to achieve our goals. It really is incredible.

If you are in the Book Arb community, in addition to buying books to grow your business, be sure to invest in yourself so that your business and you expand side by side.

That is the formula for success i.e. constant expansion and in our community success is the culture. How can we fail?

Next week, I will discuss the importance of challenges in your business and why they are a positive.

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Maintaining Focus

I would ask you to reflect on where you lose your focus in your business. You will find it shows up in the same ways over and over until you address it.

“You can’t depend on your eyes when your imagination is out of focus.” ~ Mark Twain

Since no one can think for you or live your life the importance of maintaining your focus on your own horizon is essential.

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Sometimes people around us are afraid we’ll fail and sometimes they’re afraid we’ll succeed. Either way their dominant focus is based on fear and if you allow that into your world, their focus on fear can influence you too.

For the most part we are surrounded by well meaning people. However, even when they share your goals & dreams their fears can distract you if you allow it and if you are not in charge of your own mind.

With our Book Arb community we are very fortunate to be surrounded by so many powerful leaders who are succeeding & their collective success is a persuasive example for individual success.

Since however, we are each responsible for our own journey, and there are many ways to continuously achieve that, it is possible to become distracted by other’s experiences.

It is vital to help others through your own achievement of success and not at the expense of it. It is easy to get caught up in helping others, especially when you live to serve, but it is vital to remember that you are in charge of your time and the ways in which you spend it. Period.

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In the last blog I shared my work flow. In it you can see how important it is to prioritize achieving daily goals in order to achieve overall goals. Then you are in a position to help others. It’s about saying ‘Yes’ to the right things & equally important to say ‘No’ to other things i.e. demands by others.

This balancing act of growing my business & loving helping others is something of an ongoing challenge for me. I love love love to share what I am learning and what is working for me. It is the coach in me.

However, this is where my diluted focus can show up when this is out of harmony.

“As you grow older, you will discover that you have two hands, one for helping yourself. The other for helping others.” ~ Maya Angelou

Helping myself is as important as helping others. That’s where my learning is.

By focusing on enjoying my own journey and helping others as I go, this allows me to experience my definition of success. Maintaining my balance in this is what brings fulfilment.

Do you lose focus when you don’t know what to do next and therefore procrastinate? Or does it happen because of other’s demands on your time be they family obligations or children? Is it because you have a very active social life?

“Focus on remedies, not faults.” ~ Jack Nicklaus

There is power in identifying where you leak focus because it will be habitual i.e. automatic. You can only change it when you see it.

What one thing could you change today that will help you maintain your focus in a clear way?

Once you are clear on the change you require, consciously create a new habit to combat it. For me, for instance in not answering emails or social media in the mornings, I achieve my goals first. Then I am in a position to help others.

Next, I will discuss the fundamental tasks of this Book Arb business and how best to apply them.

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Compounding Money

If you think of a business expanding 8 fold in 7 months in its first year of business it’s pretty unbelievable and it is growing because we are rolling all our profits back in. The bigger the inventory the greater the speed of expansion and the more powerful effect of compounding.

“The smallest good act today is the capture of a strategic point from which, a few months later, you may be able to go on to victories you never dreamed of.”   ~ C.S. Lewis

At the time of my writing this blog we are over half way through our current peak season for textbooks. As I have stated before, textbooks sell all year round it’s just that there are 2 big bumper seasons (January & August) and one mini one (May) as well. It’s like Christmas comes three times a year in terms of a sales boost which is pretty awesome.2018 08 30th Sales Screenshot

 

As you can see creating over $2,000 a week is a substantial boost in profits and that figure will only continue to rise.

For our first textbook season we had an inventory of 54 books and sold 22, so nearly half our inventory. Roll on 7 months later and we have an inventory of 400 books which is almost 8 times the number of books we had in January and we are making weekly sales of $2,000 and more. Remember too that we have been selling books nearly every day in between.

If you think of a business expanding 8 fold in 7 months in its first year of business it’s pretty unbelievable and it is growing because we are rolling all our profits back in. The bigger the inventory the greater the speed of expansion and the more powerful effect of compounding.

If we were to open any well known franchise for any other kind of business we would never have been able to begin with just $1,000 and create this level of success (one of our community members started with $100 in the pot and has grown that into a multiple 5 figure business in 18 months or less). Not to mention we don’t have to deal with the hassles that come with running that kind of operation (franchise) with employees, insurance etc.

So, we are growing our own business that we can do from anywhere in the world. Our business is growing in a predictable and powerful way. We are continuously honing our  skills for working smarter and not harder. We are becoming wealthier.

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Our money works for us all day every day. The boost we get from sales in textbook season further accelerates our book buying power and therefore book profits so by the next peak season we will be hitting even juicier numbers. What’s not to love?

Next, I will share the value of great customer service and how that adds to our bottom line personally and professionally.

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