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The ActionCOACH Definition of Money

What is the ActionCOACH definition of money?

The ActionCOACH Definition of MoneyIt is a very simple concept. Money is an Idea Backed by Confidence plus Action.

Starting with an idea is critical. An idea is simply a thought about something. Many business owners become stuck and just don’t know what to do. When business owners are stuck they just need one thing to create momentum. That one thing is an idea.

As a business owner, if you lack ideas odds are you also lack money. How do you develop ideas? You can start by writing down every thought that comes to mind. If this doesn’t work then you need to figure out how to develop your skill set for creativity, thoughts and ideas.

When was the last time you read a book on creativity or thought? Who do you know that is a fantastic ActionCOACH that can help you develop these skills and provide you with a vast array of ideas?

If developing ideas isn’t a challenge for you and you haven’t earned the money you desire then the gap in money is related to your lack of confidence. Your confidence is backed by your successful experiences. If you are challenged with finding successful experiences to relate to then you must condition your mind to exude confidence. Confidence can be developed by partaking in daily rituals such as “I AM” Statements and Visualization.

Once you take action that is based on sound ideas and confidence you will increase your cashflow.

However, you need to be prepared to make mistakes. Not every idea is going to work. You need to consider the 80/20 rule. The 80/20 rule states that 80% of your revenue will be earned from 20% of your clients. It is the same for successful ideas. 80% of your revenue will be a direct result of 20% of your ideas.

The “key” is to continue moving forward with your ideas and remembering that although your ideas may only work 20% of the time the return will be well worth your effort.

Being disciplined in this process will build your confidence. The more you leverage your ideas and your confidence the more success you will achieve.

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