business and personal mastery. commercial, profitable, enterprise that works without you! definition...
TRANSCRIPT
MASSIVE RESULTS
Results
Synergy
Team
Leverage
Niche
Mastery From Chaos to Control
Predictable Cash Flow
Systematize for Efficiency
Structure for Growth
Well Oiled Machine
Multiplication or Acquisition
Stability
Cash
Time
Happiness
Diversification
Freedom
6 Steps to a Great Business
4 Areas you WILL Master
Destination MasteryPersonal MasteryMoney Mastery Time MasteryDelivery Mastery
NET WORTH
• I AM WORTH $9.6 million• I GENERATE $3.5 million in sales each year• I DONATE $200k to the hospital and to help
ANZACS each year
WORKSHOP BUSINESS
• 100 people per year at 3 day course• 50 people on my Million dollar master class
program• Incredible support team around me• $20k per month passive income• 10 000 people on my database
CLARITY IS POWERFUL
10
• Confused• Foggy• Drained• Uncertain• Accidental• Limited Choices
• Clarity• Powerful• Certain• On Purpose• Energised• Possibilities• Flow
Lights OnLights Off
Neutral
5
0
WOW – WELCOME TO THE FLIP
• 120 000 people on the database• 1000’s monthly dialling into webinars• Growing to a $10 million business• Flipping 1000’s of people lives daily• $300k per month passive
• I LOVE MONEYMONEY LOVES ME
• MY MONEY KEEPS GROWING
MONEY COMES TO ME FROM EXPECTED AND UNEXECTED SOURCES
1. One coffee per day2. Discipline with alcohol3. Omega 3 works wonders4. 7 hours sleep5. Personal Training6. Baroque Music7. Meditation8. STOP REGULARLY
Small things make a BIG difference
• Too much coffee/alcohol• Negative people• Your environment• Too much work (no breaks)• No laughter• INTERUPTIONS
Watch Energy Stealers
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Fixed Costs
Fixed Costs
Money Mastery. Break Even or Else…
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
$1,600,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Fixed Costs
Variable Costs
Money Mastery. Break Even or Else…
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Fixed Costs
Total Expenses
Variable Costs
Money Mastery. Break Even or Else…
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
Revenue
Fixed Costs
Total Expenses
Variable Costs
Money Mastery. Break Even or Else…
BREAK EVEN
($1,000,000)
($500,000)
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
1 3 5 7 9
11 13 15 17 19 21 23 25
Revenue
Fixed Costs
Total Expenses
Net Profit
Variable Costs
Money Mastery. Break Even or Else…
MAX. UTILIZATION
PROFIT
B.E.
Income/Rev/Sales-COGS/COS/Variable=Gross Profit-Exp/OH/Fixed-Owner Salary=Net Profit+Equity Inflow =Cash Position
100,000-
75,000=
25,000-
15,000-
5,000=
5,000+0 =
5,000
75,000-
56,250=
18,750-
15,000-
5,000=
(1,250)+0 =
3,750
50,000-
37,500=
12,500-
20,000-
5,000=
(12,500)+0 =
(8,750)
75,000-
56,250=
18,750-
15,000-
5,000=
(1,250)+0 =(-10,000)
100,000-
75,000=
25,000-
15,000-
5,000=
5,000+
5,000=0
100,000-
75,000=
25,000-
15,000-
5,000=
5,000+0 =
5,000
JAN 10 APR 10MAR 10FEB 10 MAY 10 JUN 10
Money Mastery of your Cash Flow
Set up your Accounts properly
• GST and Tax account
• Profit account
• How much do you need to survive?
• Pay yourself first
• Everyone has the same time
• Each week = • 168 hours • 10,080 minutes• 604,800 seconds
• On average we each have 4000 weeks
• Time is a non-renewable resource
TIME: What is it?
1. How many hours do you work each week?2. Divide this by 2 – write it down3. How many weeks per year do you work?4. Multiply this answer by the answer in 2 above5. How much do you want to earn in next 12 month?6. Divide this amount by your answer in 4 above.7. WRITE THIS DOWN AND STICK IT IN FRONT OF YOU
Work out your hourly rate
STOP KIDDING YOURSELF!
(in 2 hours a successful person will achieve more than someone in delusion could in 1 weeks work)
1. Saying No to clients2. Lisa Kleiner story3. My story when I stopped driving4. Understand the dip
Short Term Sacrifice
• No goals / direction
• Lack of planning
• Poor organisational skills
• Poor management skills
• Procrastination
• Interruptions • Phone• People• Email
Cause of Bad Time Management
No Written or Verbal Goals or Plan
Verbal Goals
Written
Only 3% of people have written goals and plans, these people account for 98% of the wealth. Time frame 25
years.
3%
27%
70%
98% of wealth
The Power of Planning, and Written Goals…
Andrew’s Top Time Management tips…
• Set personally motivating goals…
• Don’t finish today until you plan tomorrow…
• Eat a frog for breakfast EVERY day…
• Don’t MAJOR in MINOR things…
• Create a default diary – and stick to it…
• Invest time. Don’t spend it…
• Have agendas for all meetings…
• Have a conference call / Skype to save time…
• Learn to delegate to your team…
Stop Interruptions
• Phone
• People interrupting you
• Travelling to meetings (can you do it on the phone)?
Respect your time, above all else.
• The power of 10 minutes
• Say No
• Stop doing list is more important that a to do list
• The Bridge of Discipline
• What are your rocks?
• Fix your rocks into a specific timeslot
• Everything else fits around the rocks
• Follow your diary (school timetable)
• Start small
The Default Diary
TO ACTIONS FROM TODAY
1. Set up your vision boards/powerpoints2. Pick 2-3 things you can start doing/stop doing to increase your
energy. Every bit counts3. Work out your break evens4. Design a budget5. Set up your financial structure6. Eliminate interruptions – JUST DO IT7. Stop working for anything less than your hourly rate – HIRE
SOMEONE8. Create a default diary9. Clear the clutter10. Create systems around ensuring you deliver consistently
MASSIVE RESULTS
Results
Synergy
Team
Leverage
Niche
Mastery From Chaos to Control
Predictable Cash Flow
Systematize for Efficiency
Structure for Growth
Well Oiled Machine
Multiplication or Acquisition
Stability
Cash
Time
Happiness
Diversification
Freedom
6 Steps to a Great Business