This started as a regular post and then turned into a Wealth Dynamics review so I’ve just gone with it. I think you’ll find the insights useful even if you’re not interested in finding out more about Wealth Dynamics in the end.
As mentioned recently I’ve been looking at how my business runs and what I can do to make it even better and more fun by focusing on the areas I’m truly passionate about. Well I was reminded of a report I did a while ago and thought I would share it since I found it (and continue to find it) very powerful. It’s given me some great insights over the last few years and again over the last few days I’ve spent thinking about this stuff.
It’s a process called Wealth Dynamics that involves a questionnaire that reveals your natural path to wealth. It looks at the fact that everyone is different and what one person did to create wealth will probably not work for everyone (or at least it will be a struggle to do it). The result is your own personal profile that tells you exactly what you should be doing and what you should be getting others to do to maximize your results.
The key insight Wealth Dynamics revealed to me
I think the best part of looking at your Wealth Dynamics profile is the realization that there is nothing “wrong” with us. I could see a bunch of people out there who were no smarter or hard working than me and yet there results were much more impressive than my own. It was hard to see why we were doing very similar things and yet the results were not on the same level.
But once I understood my Wealth Dynamics profile I had a much better handle on why things weren’t always working for me personally and why I seemed to struggle to do what others did with ease. For example it explained why I loved starting new projects and sucked at finishing them off. It also showed me why I was great at creating new products, businesses and marketing material but was weak when it came time to do the repetitive work after the launch.
Now you might identify with the same problems or you might struggle with completely different ones. You might find it hard to come up with new ideas, to run a team, to create and manage processes or be in the spotlight promoting your business. In your Wealth Dynamics profile you learn all of these come from being out of sync with your true path to wealth.
The reality of creating a successful business
As much as I enjoy living the “work from home making money in your underwear model” (although I usually prefer to wear clothes) I’ve had to accept the fact that business building and wealth creation is a team game. If I want to leverage my efforts in any way at all I really have to work with a team. That’s the only real way to spend my time doing what I love while everything else that is also just as important gets done as well.
For example my friend and I recently launched a little product that did US$11,500 in sales over a few days. I created the product and the marketing which was very well received… but my friend set up all the technical stuff, liaised with affiliates to promote it, ran ads and handled most of the customer support. While in theory I know I can do all those things… the reality is I would procrastinate and it would take ages to launch while my friend simply set a date and it was done.
This was a great example about how a team can achieve greater results than the individual. It also reiterated to me that with a solid team to promote my products then money just flows into my bank account with very little effort on my part… especially since the work I did was all stuff I really enjoyed anyway.
Some of the best advice I’ve ever received about business
When James Schramko (a very successful internet marketer) asked what one piece of advice he would give people who wanted to become successful it was so simple it was brilliant…
“Do the right things”
Now there are many layers to this advice but the key take away right now is that we need to identify the right things to do and then do them. However as I’ve discussed above we all naturally work in different ways so when we’re trying to work out the “right things” they’re going to be different from person to person. But once you find those “right things” for you and focus your efforts then amazing things start to happen.
What this means to you…
I know this has been a bit of rambling blog post but here is my point in a nutshell:
You are different… so you need to identify your own key strengths and focus in on them. Start doing what you love and work out how you can leverage with others to maximize all of your results.
Personally I also found the Wealth Dynamics profile to be a key part in identifying my own key strengths and how to get myself into flow. It’s unlike any other personality profiling type stuff you’ve already done because it specifically focuses on business and wealth creation. I highly recommend doing it for yourself… it’s one resource that I’m always referring to when I’m making decisions about my life and business.
Check out the website to find out more about the various profiles as well – Wealth Dynamics
(I’m a Creator btw)