SHARE

Think about what it means when governments create policies (like minimum wage) that make it much harder on small businesses. Remember this when it's time to vote.

When I look at a business, the first thing I want to know is: Your formulas.

Stop winging it. Instead, create formulas, measure formulas, and drive behavior to improve the execution of each formula. This requires both data and leadership.

Who do you need to recruit to reach your BHAGs? What enemies do you need to contend with? Who do you need to connect with that can open up new doors or take you to new places?

Stop thinking you can do it all yourself. At every level, you must build alliances. When you raise your own game, you will attract others playing at a high level. Share on Twitter.

This clip about the power of magical words.

Use better words. One word can transform your customer interactions into extraordinary moments. Use phrases such as ‘Can I make a suggestion?’ or ‘Can I make a request?’ to enhance your communication skills and create meaningful connections.

High earners tend to be big spenders and blow off personal budgeting. These people have a spending problems. Savers tend to be penny-wise at the expense of taking risks that grow their income. Neither group will ever earn massive wealth.

To accumulate big money, you have to take risks. You also have to invest in your brand and network by spending money. That doesn't mean you can waste money or get sloppy with personal expenses. To build wealth, you need to both earn and spend wisely. Delay upgrading your lifestyle as long as you can.