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Lessons Learnt

21 Ways to Achieve Wealth and Success

Using author Tom Corley as inspiration, here’s a checklist to the best things in life.

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In his book, Rich Habits – The Daily Success Habits of Wealthy Individuals, Tom Corley outlines several habits that distinguish the wealthy from the non-wealthy.

It got me to think, How many people operate on autopilot and don’t stop to monitor their everyday patterns?

Below I’ve summarised 19 of his habits for success (nine culled from his book and the next 10 from his recent article in Success) plus two of my own. If you’re not actively engaged in these 21 things, you are, in effect, leaving money on the table.

Related: The 3 Biggest Obstacles to Entrepreneurial Success

Setting good daily habitsalarm-clock_daily-habits

Good habits are the foundation of wealth building. The difference between successful and unsuccessful people lies in their daily habits. Simply put, successful people have many good habits and few bad ones.

If you understand that your bad habits may be preventing you from becoming wealthy, that realisation will be the first step in your improving your circumstances.

In his book, Corley invites you to take out a sheet of paper and list your bad habits in one column and then invert each one to place under a new column for good habits. It should look like this:

Bad Habit/Good Habit

  • I watch too much TV. I limit myself to one hour of TV per day.
  • I don’t remember names. I write down names and remember them.

Then for 30 days, follow the guidance of your new good habits list. You’ll be amazed at how much you can accomplish.

Related: 2 Proven Launch Methods to Leap Frog Your Start-Up Success

Regularly creating goals

Successful people are goal driven. They create goals all the time. They plan their day the night before with to-do lists.

People who are headed for success think for the long term. They have daily, weekly, monthly and yearly goals. But what’s a goal without a plan to reach them? So not only do successful people have goals, they also come up with ways to achieve them and hold themselves accountable.

Engaging in self-improvement daily

Successful people are always looking for ways to improve themselves. They read every day and are students of their profession. They don’t spend their time on activities that don’t bring them closer to their goals.

I recently attended an event hosted by author Brendon Burchard, who said he consistently blocks out time to create. Successful people like Burchard know that time is too valuable a commodity to waste.

They spend their time on the things that will move the needle for them in their business: Being committed to self-improvement means you engage in activities every day that will stretch you.

Seek ways to expand your knowledge. This won’t always be easy, but people grow from things that pose a challenge. Once your knowledge grows, opportunities appear.

Regularly taking care of personal healthman-exercising_personal-health

Each and every day successful people make an effort to eat right and exercise. Eating right is of utmost importance. Exercising daily can become a regular habit, just like taking a bath.

People who exercise routinely have more energy to get things done. How are you doing in this area?

Often making time for relationship building

People who are successful are other-people focused. They take time out of their day to strengthen the bonds of friendship and form long-lasting relationships with others.

Networking is something they do all the time. They reach out to their contacts and look for ways to help them with no expectation of in return.

The most beautiful sound on Earth, I once heard someone say, is your name. So make it a goal to learn the names of every contact you meet.

Aren’t you impressed when someone remembers your name? I know I am. So stand out as different and start remembering names.

Doing things in moderation

You live in a balanced way if you do activities in moderation. This means having a balanced approach to work, eating, exercise, consuming alcohol, watching television, surfing the Internet and so forth.

As a result, people will enjoy your company. If people like being around you, then you will be more apt to collaborate or find the new business partner that you need to take your business to the next level.

Related: Why Starting Small, But Thinking Big Is Your Ticket to Success

Getting things doneJust-do-it-logo_Nike-logo

Don’t put off to tomorrow what you can do today: Accomplish things. All people have fears, but successful people push past them. They don’t procrastinate. They get the important things done, no matter the cost.

In Rich Habits, Corley explains that when the thought of putting off something enters the mind, immediately shed notion by saying, “Do it now.” He says repeat these words 100 times if necessary. Just don’t stop till the task is done.

Keeping a positive outlook

Consider the most successful person you know. Is that person positive or negative? Most likely this individual is positive, enthusiastic, energetic and happy.

This person chooses to see the good in others and in himself or herself. To this person, problems are just opportunities waiting to be uncovered.

Every day people are bombarded by news of bad deeds and doings. Successful people minimise their exposure to this type of thing and instead opt to fill their minds with positive ideas from books and magazines.

Regularly saving money

According to Corley, successful individuals put away about 10 percent to 20 percent of their gross earnings in a savings, investment or retirement plan. Not everyone can afford to do so, but what percent are you putting away?

Related: How to Start a Small Business

Rejecting self-limiting thoughts

Successful people command their thoughts and emotions. As soon as bad thoughts intrude, they cast out anything that challenges their ability to succeed at the task at hand.

They do not dwell on negative notions. Their self-talk is positive and not overly critical. They replace bad thoughts with good ones.

Because successful people engage in self-improvement daily and are constantly involved in positive things, they don’t allow themselves time to indulge in negative emotions.

Living within meansluxury-car_wealthy-businessman

Wealthy people avoid overspending. Among many of those struggling financially, some are living above their means.

They spend more than they earn, live from pay cheque to pay cheque and are drowning in credit-card debt. If this is you, resolve today to turn things around for you and your family.

Reading daily

Many successful people read 30 minutes or more every day. Reading can increase your knowledge and know-how.

When you read, often you are seeking to improve yourself. This automatically sets you apart from your counterparts. You will stand out from the competition.

Limiting TV watching

Did you know that many successful  people limit the amount their TV time to one hour or less a day? How much time do you lose in front of the television that you could be spending doing something more productive?

Doing more than what’s required

Successful people regularly go above and beyond the call of duty at work. Even if something is not in their job description, they will volunteer to do it. Wealthy people make themselves invaluable.

As an entrepreneur, you may not have a boss. But in what ways do you go above and beyond for your clients? How do you wow them?

Related: The Companies Act: Friend or Foe of Small Business?

Talking less and listening morebusiness-meeting_listening-to-others

When you listen, you learn. And as the adage goes, that’s why people have two ears and one mouth.

When you take the time to really pay attention to what another person is saying, it can truly help not only you but your bottom line as well. When you listen, you are in a better position to help others.

Not giving up

Don’t give up when the going gets tough. Successful people hang in there. They pivot. They try something new. They persist. They may have to change their direction, but they keep moving forward.

Spending time with like-minded ones

There’s a saying that goes, “Show me who your friends are and I’ll show you who you are.” I believe that.

People are only as successful as those they choose to surround themselves with. Good associations can help you more quickly achieve your goals.

Related: 3 Things To Consider Before Meeting A Mentor

Finding a mentor

Many people who have had a mentor have attributed their success to that person. Mentors can help you achieve your goals faster and keep you accountable. They can share valuable experience that can cut your learning time in half.

Knowing your why

When you know why you’re doing something, you will get what you want quicker than if you don’t.

Having a purpose is essential to being successful in business and in life. Why do you want to be successful? Why do you really want to be wealthy?

Not giving fear the upper handmaking-a-jump_jumping-off-a-cliff

Everyone has fears. Successful people don’t allow their fears to limit or define them. Fear inevitably keeps you in the same position and stunts your growth.

Recognise your fears and seek ways to overcome them. Interview someone you admire and ask that person how he or she overcame a fear or pick up an autobiography and take notes.

Upgrading skills

If you want to get ahead, there’s only one way to do it: Become better at something than you are today.

What’s the one thing you can focus on for the next 30 days that will catapult you to rock-star status in your industry? Focus your attention on that. I heard John Lee Dumas from Entrepreneur on Fire define “FOCUS” like this: Follow one course until success. Will you?

What I know for sure is that what gets tracked, gets done. If you’re truly serious about transformation, be sure to check out my ebook, 21 Ways To Achieve Wealth and Success Plus 21-Day Resource Book.

how to achieve wealth and success

This article was originally posted here on Entrepreneur.com.

San Diego-based Meiko Patton is a writer and editor for the federal government, a career consultant and the principal blogger at Career Savvy Fed.

Lessons Learnt

3 Lessons I’ve Learned In Krav Maga That Have Changed My Approach To Business

This fighting style packs a big punch on and off the mat.

Kristina Libby

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I started taking Krav Maga lessons this year at the recommendation of both my personal trainer and my therapist. I was physically assaulted years before in a nice neighbourhood in Washington, D.C. at 7 p.m. on a Tuesday.

Not a time or place one would expect to be attacked, and it has had long-lasting impacts on my mental and physical health. My trainer and my therapist, for different reasons, thought that learning a fighting skill would help me address the assault and move forward. It turned out to do much more than that.

Krav Maga is a military fighting system developed for the Israel Defense Forces. It is derived from a number of other fighting systems like boxing, wrestling, judo, etc. Those fighting forms were combined together to create a system for effective self-defense that is not based on bulk, height or gender. It is based on winning.

My first day at Krav Maga was scary. I did not feel like I was winning. I pushed back tears as my instructor Mike took me through different fighting stances and beginner moves. As I was learning to balance on my feet, he looked over at me. I was scared.

The terror and fear of the attack I had experienced years ago came flooding back. I kept flinching away and cowering as he came closer toward me. He looked me in the face and very slowly spoke to me: “The moment you get attacked, you are not the victim. You become the attacker.”

The moment you get attacked, you are not the victim. You become the attacker

This is a fundamental phrase in Krav Maga. It’s the idea that you don’t allow yourself to become the victim. If you are attacked, you attack back – stronger and more aggressively – because your job is to protect yourself.

In business, you are always at some point or another going to be the victim of an attack. This could be small, such as someone who leaves a negative product review, or big, such as a company slandering you or trying to take over your accounts.

The question is: How do you respond? Prior to Krav Maga, I would have been a little bit more “nice.” I would have shrugged my shoulders, known I would rebound in the end, or receded into a position of victimhood.

Not anymore.

My job is to protect myself and my company. It’s to protect my employees and my customers. And, Krav Maga has taught me to do that not from a position of victimhood but from a position of preparation. The only way to ensure you can attack an attacker is to have the skills to fight. In business this means:

  • Aligning your A-team: Ensuring you have a lawyer, an accountant and a good PR firm at the ready.
  • Preparing yourself: Ensuring you understand where threats can arise, what those threats may be and developing a plan to respond to them.
  • Preparing your team: Ensuring your team knows that you don’t play the role of the victim and that when attacked you address the situation head-on from a position of educated authority. This is about mindset for both leaders and employees.

Related: The 5-Hour Rule Used By Bill Gates, Jack Ma And Elon Musk

You will get punched in the face. Understand what that feels like

krav-maga-fighting

In my Krav Maga training, Mike will punch me in the stomach for a few minutes at varying levels of force. The intent is that I will get used to getting punched in the stomach.

He has me stand with my arms to my side, stomach muscles tightened and solar plexus alert. I can’t punch back. I can only wait and anticipate the blows, tighten my muscles and understand that practice punches in the stomach are the only way to prepare me for punches to my stomach (or anywhere) in a fight.

The first time he did this, I was terrified.

Now, I understand that the momentary pain makes me stronger, less afraid of the intentional punch or kick someone years down the road might throw at me. In business, this lesson is incredibly useful and has changed the way I think about planning and development.

Sometimes you need someone to punch you in the stomach.

The role of an advisor or a consultant for your business is the same role as Mike is playing when he punches me in the stomach. He knows what it’s like to get hit and he wants to ensure that if I do get hit, the shock of being hit won’t be debilitating.

Hopefully, those advising you are also seeing the future ways your business can get punched in the stomach. Their role is to help you avoid those punches by preparing you for the little bumps and bruises you’ll see along the way.

As a business owner, then, it is your role to:

  • Find advisors who have been punched in the stomach (metaphorically) and allow them to watch you along the way. They will know when you are careening too far in the direction of something dangerous and hopefully prepare you for the inevitable danger.
  • Allow the little punches to your stomach to be seen as training bumps. These small upsets should be dealt with as upsets, not massive failures. They are preparing you for bigger and more aggressive assaults down the road.

Related: Here’s What Jeff Bezos Prefers To Work-Life Balance And Why You Should Live By It

Even blindfolded, we can win

There is an exercise that Mike has me do, where I close my eyes and he attacks me. The intent is that I use the skills we have learned to ward off the attack. When I was attacked years ago, it was nighttime, and the attacker snuck up and surprised me. As such, Mike’s simulation is the hardest emotional thing I have to do all week. That is, until I actually do it.

Normally, I don’t do the counterattack move perfectly. I use an open-palm heel strike instead of a punch. Or, I use a knee rather than a kick because I know my knees to the groin are stronger. It doesn’t matter. I’m still able to disarm him (when he uses a knife), knock him away and clear enough space to get away. I still win.

I win not because I have perfect form, or a super-human strength but because I don’t give up. I don’t stop fighting until I win because I don’t have the luxury of losing. Losing means victimisation. I don’t want to be the victim.

When I was assaulted years ago, I didn’t give up either. I fought on the ground and then standing until the assailant ran away. I screamed and kicked and refused to let him win. I didn’t have any training then; I won only because I had grit and a desire to live through the attack.

Now, I have more training but at the end of the day, I won’t be an expert. Few of us ever will be. The thing that all of us can do though is refuse to give up. We can refuse to let the attack keep us down. We can refuse to let the attacker win.

This is the Krav Maga lesson that I think is the most impactful for women business leaders. We are going to get attacked – every day. Often, we will not see the attack coming. We will be blindfolded in some way by lack of time, lack of awareness or lack of funding, and the attack will come.

The only thing we can do, the thing we must do, is know that even blindfolded we can continue to fight. We can refuse to be the victim. We can continue to raise and punch back. Because if there is something I know about female entrepreneurs, is that we all have a lot of grit and a lot of heart.

In the end of the day, heart and grit win fights.

This article was originally posted here on Entrepreneur.com.

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Lessons Learnt

Taking It To The Malaysian Market – Karl van Zyl Of Antipodean Café

Karl van Zyl approach has always been logical and simplified and he highlights three principles that he believes to be critical in the food and beverage industry.

Dirk Coetsee

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Karl van Zyl has a 17 year history in the food and beverage industry in South-Africa and now applies his skills and knowledge in the extremely vibrant and competitive Malaysian market. I had a very interesting conversation with him to explore both similarities and differences of both markets and to share his accumulative learning of this industry to those entrepreneurs considering to open a restaurant or café.

He has a history working for the Mikes’ kitchen and Fishmonger groups in South-Africa fulfilling a range of roles from being a General Manager to Operational Manager. Currently he both manages an well-known Café called Antipodean and facilitates the opening of new cafes’ in Klang Valley, Malaysia.

Karl shared that his approach has always been logical and that applying sound basics has always served him well. Would you eat the food served at your restaurant and really enjoy it? Posing questions such as the aforementioned to yourself as a restaurant owner or manager helps you to be aware of the quality of your operation and to always keep the customer in mind when making decisions.

One of the key learnings that he shared was to get a very good and experienced team of waiters together that has previous restaurant or hospitality industry experience. He strongly advises quality over quantity when it comes to waiters and fondly remembers one of the waiters that he managed whom could take orders from a group of twenty people and remember each order from the top of his head.

It is not only about quality of service to the customer but also when there is a small but quality team of waiters operating then their earnings are much higher and they will feel valued and happy as opposed to a large group of waiters competing for relatively small rewards.

Related: What Comfort Zones? Get Comfortable With Being Uncomfortable Says Co-Founder Of Curlec: Zac Liew

Karls’ approach has always been logical and simplified and he highlights three principles that he believes to be critical in the food and beverage industry:

  1. Quality of food
  2. Quality of service
  3. Pricing.

He adds that in addition to the above principles your location should of course be in area with very good ‘foot traffic’.

When the entrepreneur venturing into the food and beverage market considers the right suppliers it is a critical factor to go and visit their facilities, thoroughly check their quality and enquire which other quality brands they are supplying in addition to buying at good prices.

In his view comparing the Malaysian food and beverage market to the South African market there are a lot more Malaysians eating at restaurants than in South Africa. One of the reasons for this is that there are a lot of ‘street café/restaurant’ options with quality food at a very low price due to the restaurant not being air-conditioned and making use of for example plastic chairs and tables.

Personally the author has found much more twenty four hour food options and countless varieties of food compared to the South African market. If you are awake and hungry at 3 am in the morning in Kuala Lumpur, no problem! You also will not be limited to only 24 hour fast food options, almost any type of food that you desire will be available that is if you know where to go off-course.

Related: Don’t Be ‘Outside Standing’ On Your Own Exponential Growth Says Serial Investor, Jimmy Phoon

As a matter of interest Karl regards the prices of restaurants in general in Kuala Lumpur to be better than in South Africa and holds the service levels in KL in higher esteem due to it being more ‘personal’ and customer orientated. He believes that South African food matches the quality of Malaysian food but that there is however much more variety of food available in Malaysia.

Karl pointed out that it is possible to have people from all five continents represented in one night at a restaurant as the food culture in Malaysia is very diverse and so is the cultural phenomenon in general in Kuala Lumpur.

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Lessons Learnt

What Comfort Zones? Get Comfortable With Being Uncomfortable Says Co-Founder Of Curlec: Zac Liew

Zac Liew was offered to be CEO and Co-founder of Curlec at the age of twenty six and took up the offer knowing that he would be engaged in a steep learning curve. Curlec is a FinTech company that is redefining the customer experience for Direct Debit.

Dirk Coetsee

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Botanica Deli, Bangsar South, Malaysia a vibrant environment where a number of entrepreneurs and office workers go to meet and have great food and coffee. I walked into the Deli to meet a man that might just possess the ‘entrepreneurial gene’ if indeed that gene exists.

Zac Liew always wanted to venture onto the exciting yet challenging playing field of entrepreneurial ventures having his dad and mother as examples. His father a lawyer, whom ventured into property development and his mother whom started the first chain of liquor stores in Malaysia.

His parents’ ventures interested him from a very young age and helped to ignite the entrepreneurial fire in this very young CEO and co-founder of Curlec. Zac is a qualified lawyer whom also did a stint in the banking industry but at all times he had a burning desire to do something entrepreneurial and always had an interest in tech.

To him tech was always logical and simply made sense within this ever changing business environment within which we as entrepreneurs launch our start-up ventures. He also enjoys the challenging demands that the tech environment places upon his problem solving skills.

Related: Brian Tan Of FutureLab.my – Bridging The Knowledge Gap Through Social Learning

The Creation of Curlec

curlec-malaysia-mobile-appZac Liew was offered to be CEO and Co-founder of Curlec at the age of twenty six and took up the offer knowing that he would be engaged in a steep learning curve. Curlec is a FinTech company that is redefining the customer experience for Direct Debit. They are the first Malaysian software company to enable online Direct Debit payments in Malaysia. One of the core principles that Curlec was founded upon is to Build great tech that solves a basic need.

Zac together with his co-founders Steve Kucia and Raj Lorenz found a simplified and effective solution to collecting money on a recurring basis. Normally recurring billing and collections is a big issue for SMEs’ and other options were exceptionally costly and timeous.

Zac pointed out that the size of the issue of recurring collections exceeded all expectations and that is one of the reasons that their start-up phase has been successful and gained very good traction in the market.

Curlec has a razor sharp focus on only two products which enables them to focus on giving a great service and customer experience. Curlec cuts through the normal levels of bureaucracy of big companies and has a laser focus on their customers.

How does this apply to start-up entrepreneurs?

Create a product or a system that is simplified, very user friendly, cost and time effective, and more importantly that solves a very challenging issue within the market place that adds great value to customers. Underpin this by being customer centric.

I asked Zac to enlighten me on the key learnings of his journey thus far and also share success principles that has served him well in business and in his life in general. He pointed out that he believes that every entrepreneur should get comfortable with being uncomfortable and venture outside the boundaries of their own comfort zones.

‘Be comfortable with making mistakes’ he says. Get feedback learn from it and integrate the useful feedback in your thinking and in practically applying solutions.’

As business and life has a natural and general ebb and flow to it persistence is a key factor to your success. Accept challenges as they occur and realise that the mind of the entrepreneur should always have a problem solving focus. As a fan of combat sports, Zac shared the following quotes that resonates with him:

“The more you seek the uncomfortable the more you will become comfortable” – Conor McGregor

And

“I have been training under the dark lights so that I can shine in the bright lights’ – Anthony Joshua

Related:  Zac Liew Channeling The Fire Of Authenticity: Asia’s’ Top ‘YouTuber’, Joanna Soh

As a writer I have always been fascinated by the wisdom imparted by philosophers and masters of their respective fields. I am even more excited and hopeful for our future when I hear wisdom ‘rolling of the tongue’ of a twenty six year old entrepreneur:

‘Be idealistic in your ideas but be pragmatic in actualising them. If things are not working out do not be stuck in that. Take what you can learn from your experiences and move on.’

Tech has the inherent power to reach the far ends of the world seamlessly and when we have more and more tech entrepreneurs solving big consumer issues and thereby making this world a better place we can be more and more hopeful of a better future.

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