One of the qualities of superior men and women is that they are extremely self-reliant. They accept complete responsibility for themselves and everything that happens to them. They look to themselves as the source of their successes and as the main cause of their problems and difficulties. High achievers say, “If it’s to be, it’s up to me.” When things aren’t moving along as fast as they want, they ask themselves, “What is it in me that is causing this problem?” They refuse to make excuses or to blame people. Instead, they look for ways to overcome obstacles and to make progress.

Totally self-responsible people look upon themselves as self-employed. They see themselves as the president of their own personal services corporation. They realize that no matter who signs their paycheck, in the final analysis they work for themselves. Because they have this attitude of self-employment, they take a strategic approach to their work.

The essential element in strategic planning for a corporation or a business entity is the concept of “return on equity.” All business planning is aimed at organizing and reorganizing the resources of the business in such a way as to increase the financial returns to the business owners. It is to increase the quantity of output relative to the quantity of input. It is to focus on areas of high profitability and return and, simultaneously, to withdraw resources from areas of low profitability and return. Companies that do this effectively in a rapidly changing environment are the ones that survive and prosper. Companies that fail to do this form of strategic analysis are those that fall behind and often disappear.

To achieve everything you are capable of achieving as a person, you also must become a skilled strategic planner with regard to your life and work. But instead of aiming to increase your return on equity, your goal is to increase your return on energy.

Most people in America start off with little more than their ability to work. More than 80 percent of the millionaires in America started with nothing. Most people have been broke, or nearly broke, several times during their young-adult years. But the ones who eventually get ahead are those who do certain things in certain ways, and those actions set them apart from the masses. Perhaps the most important thing they do, consciously or unconsciously, is to look at themselves strategically, thinking about how they can better use themselves in the marketplace, how they can best capitalize on their strengths and abilities to increase their returns to themselves and their families.

Your most valuable financial asset is your earning ability, your ability to earn money. Properly applied to the marketplace, it’s like a pump. By exploiting your earning ability, you can pump tens of thousands of dollars a year into your pocket. All your knowledge, education, skills and experience contribute toward your earning ability, your ability to get results for which someone will pay good money.

And your earning ability is like farmland. If you don’t take excellent care of it, if you don’t fertilize it and cultivate it and water it on a regular basis, it soon loses its ability to produce the kind of harvest that you desire. Successful men and women are those who are extremely aware of the importance and value of their earning ability, and they work every day to keep it growing and current with the demands of the marketplace.

One of the greatest responsibilities in life is to identify, develop and maintain an important marketable skill. It is to become very good at doing something for which there is a strong market demand.

In corporate strategy, we call this the development of a “competitive advantage.” For a company, a competitive advantage is defined as an area of excellence in producing a product or service that gives the company a distinct edge over its competition.

In capitalizing on your strengths, as the president of your own personal services corporation, you also must have a clear competitive advantage. You also must have an area of excellence. You must do something that makes you different from and better than your competitors. Your ability to identify and develop this competitive advantage is the most important thing you do in the world of work. It’s the key to maintaining your earning ability. It’s the foundation of your financial success. Without it, you’re simply a pawn in a rapidly changing environment. But with a distinct competitive advantage, based on your strengths and abilities, you can write your own ticket. You can take charge of your own life. You can always get a job. And the more distinct your competitive advantage, the more money you can earn and the more places in which you can earn it.

There are four keys to the strategic marketing of yourself and your services. These are applicable to huge companies such as General Motors, to candidates running for election and to individuals who want to accomplish the very most in the very shortest time.

The first of these four keys is specialization. No one can be all things to all people. A “jack-of-all-trades” also is a “master of none.” That career path usually leads to a dead end. Specialization is the key. Men and women who are successful have a series of general skills, but they also have one or two areas where they have developed the ability to perform in an outstanding manner.

Your decision about how, where, when and why you are going to specialize in a particular area of endeavor is perhaps the most important decision you will ever make in your career. It was well said that if you don’t think about the future, you can’t have one. The major reason why so many people are finding their jobs eliminated and finding themselves unemployed for long periods of time is because they didn’t look down the road of life far enough and prepare themselves well enough for the time when their current jobs would expire. They suddenly found themselves out of gas on a lonely road, facing a long walk back to regular and well-paying employment. Don’t let this happen to you.

In determining your area of specialization, put your current job aside for the moment, and take the time to look deeply into yourself. Analyze yourself from every point of view. Rise above yourself, and look at your lifetime of activities and accomplishments in determining what your area of specialization could be or should be.

And by the way, you might be doing exactly the right job for you at this moment. You already might be capitalizing on all your strengths, and your current work might be ideally suited to your likes and dislikes, to your temperament and your personality. Nevertheless, you owe it to yourself to be continually expanding the scope of your vision and looking toward the future to see where you might want to be going in the months and years ahead. Remember, the best way to predict the future is to create it.

You possess special talents and abilities that make you unique, different from anyone else who has ever lived. The odds of there being another person just like you are more than 50 billion to one. Your remarkable and unusual combination of education, experience, knowledge, problems, successes, difficulties and challenges, and your way of looking at and reacting to life, make you extraordinary. You have within you potential competencies and attributes that can enable you to accomplish virtually anything you want in life. Even if you lived for another 100 years, it would not be enough time for you to plumb the depths of your potential. You will never be able to use more than a small part of your inborn abilities. Your main job is to decide which of your talents you’re going to exploit and develop to their highest and best possible use right now.

So, what is your area of excellence? What are you especially good at right now? If things continue as they are, what are you likely to be good at in the future—say one or two or even five years from now? Is this a marketable skill with a growing demand, or is your field changing in such a way that you are going to have to change as well if you want to keep up with it? Looking into the future, what could be your area of excellence if you were to go to work on yourself and your abilities? What should be your area of excellence if you want to rise to the top of your field, make an excellent living and take complete control of your financial future?

When I was 22, I answered an advertisement for a copywriter for an advertising agency. As it happened, I had failed high-school English, and I really had no idea what a copywriter did. I remember the executive who interviewed me and how nice he was at pointing out that I wasn’t at all qualified for the job.

But something happened to me in the course of the interview process. The more I thought about it, the more I thought how much I would like to write advertising. Having been turned down flat during my first interview, I decided to learn more about the field.

I went to the city library and began to check out and read books on advertising and copywriting. Over the next six months, while I worked in a department store, I spent many hours devouring them. At the same time, I applied for copywriting jobs to advertising agencies in the city. I started with the small agencies first. When they turned me down, I asked them why they did so. What was wrong with my application? What did I need to learn more about? What books would they recommend? And to this day, I remember that virtually everyone I spoke with was helpful to me.

By the end of six months, I had read every book on advertising and copywriting in the library and applied to every agency in the city, working up from the smallest agency to the very largest in the country. And by the time I had reached that level, I was ready. I was offered jobs as a junior copywriter by both the number-one and number-two agencies in the country. I took the job with the number-one agency and was very successful in a short period of time.

The point of this story is that you can become almost anything you need to become, in order to accomplish almost anything you want to accomplish, if you simply decide what it is and then learn what you need to learn. This is such an obvious fact that most people miss it completely.

Some years later, I decided that I wanted to get into real-estate development. Again, I went to the library and began checking out and reading all the books on real-estate development. At the time, I had no money, no contacts and no knowledge of the industry. But I knew the great secret: I could learn what I needed to learn so that I could do what I wanted to do.

Within 12 months, I had tied up a piece of property with a $100 deposit and a 30-day option. I put together a proposal for a shopping center, and I tentatively arranged for major anchor tenants and several minor tenants that together took up 85 percent of the square footage I had proposed. Then I sold 75 percent of the entire package to a major development company in exchange for the company’s putting up all the cash and providing me with the resources and people I needed to manage the construction of the shopping center and the completion of the leasing. Virtually everything that I did I had learned from books written by real-estate experts, books on the shelves of the local library.

As you might have noticed, the fields of advertising and copywriting and real-estate development are very different. But these incidents, and every business situation I have been in over the years, had one element in common. Success in each area was based on the decision, first, to specialize in that area and, second, to be extremely knowledgeable in that area so that I could do a good job.

In looking at your current and past experiences for an area of specialization, one of the most important questions to ask yourself is, “What activities have been most responsible for my success in life to date?” How did you get from where you were to where you are today? What talents and abilities seemed to come easily to you? What things do you do well that seem to be difficult for most other people? What things do you most enjoy doing? What things do you find most intrinsically motivating? What things make you happy when you are doing them?

In capitalizing on your strengths, your level of interest, excitement and enthusiasm about the particular job or activity is a key factor. You’ll always do best and make the most money in a field that you really enjoy. It will be an area that you like to think about and talk about and read about and learn about. Successful people love what they do, and they can hardly wait to get to it each day. Doing their work makes them happy, and the happier they are, the more enthusiastically they do it, and the better they do it as well.

In capitalizing on your strengths, the second key is differentiation. You must decide what you’re going to do to be not only different but also better than your competitors in the field. Remember, you have to be good in only one specific area to move ahead of the pack. And you must decide what that area should be.

The third strategic principle in capitalizing on your strengths is segmentation. You have to look at the marketplace and determine where you can best apply yourself, with your unique talents and abilities, to give yourself the highest possible return on energy expended. What customers, companies, markets, can best utilize your special talents and offer you the most in terms of financial rewards and future opportunities?

The final key to personal strategic planning is concentration. Once you have decided the area in which you are going to specialize, how you are going to differentiate yourself, and where in the marketplace you can best apply your strengths, your final job is to concentrate all of your energy on becoming excellent there. The marketplace pays extraordinary rewards only for extraordinary performance.

In the final analysis, everything that you have done up to now is simply the groundwork for becoming outstanding in your chosen field. When you become very good at doing what people need, you begin moving rapidly into the top ranks of working people everywhere.

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by Brian Tracy  |  ↑Top |  Permanent Link

We live in a society, and as a member of that society, it is likely that every change in your life is strongly influenced by other people in some way. The courses you take in school that shape your career are often at the instigation of a friend or counselor. The books you read, the tapes you listen to, and the seminars you attend are almost invariably the result of a suggestion from someone you respect. The occupation you select, the job you take, and the key steps in your career are largely determined by the people you meet and talk to at those critical decision points in your life. In fact, at every crossroad in your life there is usually someone standing there pointing you in one direction or another.

According to the law of probabilities, the greater number of people you know who can help you at any given time, the more likely it is that you will know the right person at the right time and in the place to give you the help you need to move ahead more rapidly in your life. The more people you know, the more doors of opportunity will be open to you and the more sound advice you will get in making the important decisions that shape your life.

Dr. David McLelland of Harvard did a 25-year research study into the factors that contribute most to success. He found that, holding constant for age, education, occupation and opportunities, the single most important factor in career success is your “reference group.” Your reference group is made up of the people with whom you habitually associate and identify. These are the people you live with, work with and interact with outside of your work. You identify with these people and consider yourself to be one of them. They consider you one of them as well.

When you develop a positive reference group, you begin to become a member of the in-crowd at your level of business. The starting point in this process is to develop a deliberate and systematic approach to networking throughout your career.

People like to do business with people they know. They like to socialize and interact with people with whom they are familiar. And they like to recommend people they trust. Fully 85% of the best jobs in America are filled as the result of a third party recommendation. The best networkers are never unemployed for very long.

One of the biggest mistakes that people make when they begin networking is scattering their time and energy indiscriminately and spending their time with people who can be of no help at all. Even if they attend organization meetings, they often end up associating with people who are neither particularly ambitious or well-connected.

When you network, you must be perfectly selfish. You want to become all you can over the course of your career. You want to rise as far as you can. Any success you could ever desire will require the active involvement and help of lots of other people. Your job is to focus your energies and attention on meeting the people who can help you and the only way you can do this is by staying away from the people who cannot help you at all.

When you network, your aim is to meet people who are going places in their lives. You want to meet people who are ahead of you in their careers and in their organizations. You want to meet people you can look up to with pride. You want to meet people who can be friends, guides and mentors. You want to think ahead and meet people who can help you move into your ideal future more readily. For this reason, you must sort people into categories: helpful vs. non-helpful, ambitious vs. non-ambitious, going somewhere vs. going nowhere. Remember, your choice of a reference group in your networking will determine the success of the process.

You begin your networking process at your place of work. Look around and identify the top people in your organization. Make these people your role models and pattern yourself after them. One of the best ways to start networking is to go to someone you admire and ask for his or her advice. Don’t be a pest. Don’t tie up several hours of their time. Initially you should ask for only a few minutes and you should have two or three specific questions. When you talk to a successful person, ask questions like, “What do you think is the most important quality or attribute that has contributed to your success?” and, “What one piece of advice would you give to someone like me who wants to be as successful as you some day?” You could also ask, “Can you recommend a particular book, tape, or training program that would help me move along more rapidly in my career?”

There is a law of incremental commitment in networking. It says that people become committed to helping you, or associating with you, little by little over time. In some cases the chemistry won’t be right and the person with whom you would like to network will really not be interested in networking with you. Don’t take this personally. People get into, or out of, networking for a thousand reasons. However, if there is good chemistry, if you like the person and the person likes you, be patient and bide your time. Don’t rush or hurry, just let the networking relationship unfold without over-eagerness on your part. If you try to go too fast, you will scare people away.

Instead of asking your superiors for more money, ask for more responsibility. Tell your boss that you are determined to be extremely valuable to the organization and that you are willing to work extra hours in order to make a more important contribution.

There is nothing so impressive to a boss as an employee who continually volunteers for more responsibility. Many people have the unfortunate goal of doing as little as possible for as much money as possible. But not the winners. The winners realize that if all you do is what you’re being paid for today, you can never be paid any more in the future. The person who continually volunteers for extra assignments and does more than is expected gains the respect, esteem and support of his or her boss.

Whenever you do something nice or helpful for others, they feel a sense of obligation. They feel like they owe you one. They have a deep subconscious need to pay you back until they no longer feel obligated to you. The more things you do for people without expectation of return, the more they feel obligated to help you when the time comes.

We have moved from the age of the go-getter to the age of the go-giver. A go-giver is a person who practices the law of sowing and reaping. He or she is always looking for opportunities to sow, knowing that reaping is not the result of chance. You will find that successful people are always looking for opportunities to help others. Unsuccessful people are always asking, “What’s in it for me?”

The surprising thing is that the more of yourself you give away with no direct expectation of return, the more good things come back to you in the most unexpected ways. In fact, it seems that the help we get in life almost invariably comes from people whom we have not helped directly. Rather, it comes from others who have been influenced by people whom we have helped directly. Therefore, since you can’t control where your help or assistance is coming from, you must establish a blanket policy of giving with complete confidence that it will come back to you in the most wonderful ways.

Whatever your job or occupation, there are trade and industry associations, business associations and service clubs that you can join. Excellent networkers are among the best known and most respected people in the community. To reach that status, they followed a simple formula. They carefully identified the clubs and associations whose members they can help and support and who can help and support them in return. And then they joined and participated.

When you look at the various organizations you should join, you should select no more than two or three. Target the ones with the people that can be the most helpful to you. When you join, your strategy should be to look at the various committees of the organization. Volunteer for the committee that engages in the activities that are most important to the organization, such as governmental affairs or fundraising. Then get fully involved in your chosen responsibilities.

You will find that the members of the key committees are usually key players in the business community as well. By joining the committee, you create an opportunity to interact with them in a completely voluntary and non-threatening way. You give them a chance to see what you can really do, outside the work environment. And you contribute to the committee as a peer, not as an employee or subordinate.

Remember, in any committee 20% of the people do 80% of the work. In any association, fully 80% of the members never volunteer for anything. All they do is attend the meetings and then go home. But this is not for you. You are determined to make your mark and you do this by jumping wholeheartedly into voluntary activities that move the association ahead. And the key people will be watching and evaluating you. The more favorable attention you attract, the more people will be willing to help you when you need them.

Networking fulfills one of your deepest subconscious needs — getting to know people and being known by them. It fulfills your need for social interaction and for the establishing of friendly relationships. It broadens your perspective and opens doors of opportunities for you. It increases the number of people who know and respect you. It makes you feel more in control of your career. And it can be one of the most exciting and fulfilling experiences of your life.

Imagine if you could become a millionaire today! Your life would be easier and more fun. You could be taking more vacations, and spending the kind of time with your family that you really want.