Joining the top 20 percent of income earners in your field should be a goal for all entrepreneurs. If you are going to invest your time, money and energy in a commercial venture. Then give that company a chance to succeed by committing to join the top twenty percent.
Is it all about the money? Yes it is. Money is not everything but it is important. If it weren’t for the money, you would have kept your job and ridden off into the sunset. But since you started a business, you might as well strive to be in the top 20% of your industry.
The amazing thing about the top 20 is that everyone there started in the bottom 20. Those successful people did something different with their time, talents, strengths, and money. That put them on the path to financial success.
How to get into the top 20 percent
make a decision
Find out why you started your business. You have vision. All it takes is for you to decide to be one of the best people in your field. Decide and take action.
follow the leaders|
He decides to follow the leaders. You do not suffer for lack of information. There are tons of books that can teach you about your industry. There are trainers and seminars.
The best people in your industry learn and improve. Don’t reinvent the wheel. There is a model for success, so model success. Learn from the best. Does it cost an investment? Yeah, so invest in yourself.
What do the top 20 do?
The truth is, if you’re looking to make an extra $100-$500 a month, look for a job. It’s much easier and you can get ahead financially with it. Don’t waste your time working for those short dollars.
Worked at Starbucks on weekends, delivered pizza, picked up a newspaper route. Don’t waste time on a business for only six thousand dollars a year. Search Google for the top 20 percent and align your plan with that income level.
3% formula
Take 3% of your annual income and invest it in your education. Attend seminars, events, and if you can, get private counseling. Read books and implement what you learn. If you earn $100k per year then you should invest $3000 in your self education. It’s a big tax deduction.
3 individual steps
Being in the top 20 percent requires discipline and application. Here are 3 simple steps that will help you break into the top 20 percent and become one of the best in your field.
1. Read for 60 minutes every day: Stop texting, watching TV, and checking your social media accounts. Read material in your field, industry, and personal development. Get a reading plan and stick with it. Read before going to work. This will make you win the competition because most people do not commit to reading.
2. Turn your travel time into learning time: Listen to the audio training while driving or using public transportation. Take notes and record aha moments.
3. Attend Seminars and Events: Take online courses, attend industry events, and meet people. I put my business partners, my inner circle and mentors at the events. It’s a great way to connect with like-minded people while learning.
Follow these simple guidelines and set your destiny to be in the Top 20 percent.