Today I want to ask you a difficult question…
What motivates you financially?
Is it an inner personal standard you try to live up to? Do you have kids to feed? Do you have a sick family member that you are trying to support? Are you trying to create a better lifestyle for yourself?
Have you never really sat down and thought about this question?
The other day I was looking at this question in terms of our business. There are times where we experience great success and growth, and others where Carson and I see opportunity to improve in aspects of our company.
I thought about this. What exactly is the difference in our mindset that makes the difference between the “good” times and the “not so good” times? Shouldn’t a business just grow on it’s own once everything is in place?
I narrowed it down to one thing:
Really. In order to understand how to achieve greater success, you need to understand what exactly motivates you. Unlike a dead-end day job, no business will succeed without strong underlying motivation.
Motivation can be a pretty broad term. I mean you cannot say “I am a motivated” person unless you truly understand what your motivation actually is.
So what is our (Carson and myself) motivation to grow our business? Well, there are two main things that motivate (ie. causes excitement) us in the sense of our core business.
(1) Honest Company Growth
(2) Fear of Failing
There are other motivating factors that we have for personal fulfillment, but I am speaking here in terms of financial improvement online.
I know, it may not seem all that compelling on the surface, but let’s take a closer look at our main motivational factors and how these are leveraged to further success.
Honest Company Growth
Growth is exciting to us. Once you achieve a certain level of success, the monetary aspects of success are not the same. It becomes a numbers game. It becomes a percentage game. And for some people (like ourselves), growth is just not enough.
We want to grow in a manner that is ethical and that has an underlying ethical motive. We want to help people. We want to teach people. We want to provide timely and powerful tools for people. We want to change people’s lives.
The problem with most companies is they look purely at their yearly profits and will skin people in order to achieve these profits. Unethical business is all around us…we want to grow as fast as possible, but in a manner that motivates us (and would make our families proud).
Fear of Failing
Failure is good. Failing in it’s entirety is not an option. I have always believed that if you aren’t scared of failing, to some degree you will lack an inner sense of motivation. I personally love to take risks more than Carson…but at the same time I am freaked out of failing myself and others around me.
Failures that you learn from are good. They can help you improve your overall skill set. However, the actual “thought” of failure can be a very powerful motivational factor. Carson and I don’t plan on failing at business any time soon, but the thought of it really strikes a motivational chord.
When you reach a certain level of success where you can afford to live comfortably, there become different motives.
Looking back 8 years ago before I started in the Internet marketing world, my motivation was completely different. I was in a completely different mind-frame and I had different reasons to achieve success.
My motivations looked more like this:
(1) Get rid of my debt
(2) Be able to move out of my parents house
(3) One day be able to give back financially to those I love
Motivation is the driving force behind any action you take in your life. Whether it be to become a better athlete, become a better parent, start a charity, or to start a business, you need to understand exactly what your motivations are.
How to take your motivations and turn them into action?
Once you understand the motivation aspect, you can fulfill your goals through this motivation. Keep them current and keep them somewhere that you see them on a day to day basis.
HOLD UP A SECOND THOUGH…
Your actions need to be out of motivation, not DESPERATION!
I get this question all the time:
“I need to make $1,000 this week to pay my bills. Can you help?”
That is what I like to call “acting out of desperation”. This type of thinking will not lead to success. If this is what drives you, change your desperation into motivation.
Make a better life for my kids
Pay off my credit card debt
Earn enough to pay off my medical bills
You see, create a list of motivating factors. Urgency rarely (I mean RARELY) leads to success because it usually comes hand in hand with very irrational decision making.
So, I ask you today, what is YOUR motivation to succeed? Create a list with at least two items that motivate you to succeed.
Write these down and post them on a sticky note beside your computer. You will remember these every time you come back and start working towards your success. It will become a “motivational factor”.
This list has likely changed many times over the course of your life and will likely change again. That is OK. The main thing to understand and take from this is that we all need some form of motivation to succeed. Unless you understand what yours is, it is going to be much more difficult to achieve a level of success your are happy with.