passive income streams

Popular Passive Income Streams in Modern Business

Passive Income is a topic that many still struggle with today in 2019. And, I have to admit, while I understand why people aren’t too familiar with the concept, it still kind of blows my mind. Personally, I think it’s been 18 years since I first read Robert Kiyosaki’s Rich Dad, Poor Dad and his second book, Rich Dad’s Cashflow Quadrant. Since then I’ve picked up the basics of developing passive income streams and understanding how it all works. In this post, we’re going to explore the top 8 methods of developing passive income.

Yes, it’s really that simple!

I Quadrant Opportunities

If you’re familiar with Robert Kiyosaki’s work, you’ll recognize his company, Rich Dad, Poor Dad. Robert himself is a fan of all passive income opportunities, however, when he originally wrote his first book, his experience was via Real Estate Investing (REI) and Traditional Investing through Stocks, Bonds, 401k’s, Mutual Funds, etc.

Real Estate Investing (REI)

REI is probably one of the most well represented options out there. However, when most people think of REI, they believe that they can’t get in the game. In fact, I remember starting to read Robert’s book Rich Dad’s Guide to Investing when I was in college and thinking “When I get a real income when I’m out of college, this will be how I make my fortune!”

While I still haven’t gone that route, it’s definitely something I see myself eventually getting into.

If this is a track you might be interested in, I’ve had several REI success stories on the show:

Chris Prefontaine (AoL 155)

Damion Lupo (AoL 125)

Kevin Bupp (AoL 124)

Whitney Nicely (AoL 123)

Traditional Investing

Outside of REI, when most people think of passive income, they think of making money through stocks, bonds, and mutual funds. 401k’s fit in this area as well.


While this isn’t necessarily a bad topic to think about, I will say that if you do the math, it takes about $1.25M to be invested in various assets to yield a comfortable $50k+ per year income.

Thing is, most people won’t ever smell that kind of lump sum amount in their career working a day job. However, there are tactics you can use to save a little bit here and there to eventually make that work out. Fortunately, you can read material by folks like Dave Ramsey to make this more of a reality than a dream.

Also, if this is an arena you’d want to play in, I’d also recommend checking out Tony Robbins’ book Money: Master the Game

B Quadrant Opportunities

If you’re already in the S Quadrant, you should definitely look at the B Quadrant!

In the I Quadrant, we’re mainly focused on making our money work for us to make more money. However, again, not everyone has access to that seed money to get up and running. So what’s one to do if they want to get in the passive income game?

They should totally look at the B Quadrant. The B standing for Big Business or Business Systems. These terms can be used interchangeably because you can’t have a big business without harnessing the power of business systems.

What’s great about the B Quadrant is that it’s the scaled up version of the S Quadrant. The main difference being that while in the S Quadrant you’re capped by the activity you can put in yourself, in the B Quadrant you can grow your business through fractal patterns or fractals. If you’re unfamiliar with fractals, a basic example is a tree in a forest. A tree has a trunk, limbs, branches, and twigs. They all are formed using a pattern of nodes and branches. Depending on the type of tree, however, the pattern might keep going. 

Most trees have a tap root that counterbalances the tree and keeps it in the ground. When the tree is growing, a lot of energy is put into creating that tap root.

However, Giant Sequoia trees have a network of roots that support the entire forest like a mesh. Sure, a tree can grow by itself and support itself, but Sequoias, being the largest trees in existence have evolved to support each other in this network. The trees themselves act as the nodes, while the roots act as the branches. 

So simply saying when it comes to fractals, the larger the network, the more potential for growth.

Traditional “Tried and True” Opportunities

The B Quadrant isn’t anything new. In fact, you probably already know of examples of people who are successful in this quadrant.

Insurance

As long as there’s been insurance, there’s been agencies. And insurance has been around a pretty long time.

When someone takes the leap from being an agent and starting their own insurance agency, then they’re taking a step into the world of the B Quadrant. Those agencies can continue to grow to a point where they train other agents and agencies. At this point they become a Field Marketing Organization (FMO). Their most basic role is to offer insurance products, services and possibly training to insurance agents or agencies.

An example of one here in Indiana is Gordon Marketing.

Franchising

Using the same idea as an insurance FMO, a business can eventually grow to the point where they franchise the model of their business.

Like insurance, the idea of franchising goes way back to the Middle Ages. However, the franchising that we’re aware of today didn’t really start until after World War II.

Of course, one of the most well known franchises is McDonald’s. And luckily for us, a movie was released about the man who built the franchise. The Founder is the story of Ray Kroc and his journey to create the business that we know today.

It’s easy to see that this method of creating passive income works. There’s more franchises today than ever! In fact, there’s so many suburbs of one city resemble those of another city.

Personal Franchising

When it comes to franchising, you can do it one of two ways. The first is the more familiar route we just talked about. However, one issue with this method is that it can take quite a bit of startup capital.

Most people don’t have a spare $10k+ just sitting around.

So they participate in the age old tradition of direct sales. Direct sales is defined as “The direct personal presentation, demonstration, and sale of products and services to consumers, usually in their homes or at their jobs.” With that kind of definition, you could say that just about any kind of sales outside of a traditional store or place of business is a form of direct sales.

Many direct sales companies today allow their sales associates or Independent Business Owners to sponsor other people to do what they do. One of the oldest companies that is set up to do specifically this is Amway. In fact, the reason  Amway was created, was so that anyone could have the capability to start their own business. At the same time, they’d also have the support from those who sponsored them as well as the company itself. 

If you’d want to know more about this form of direct sales, often referred to as multi-level marketing, you can check out our friend Robert Kiyosaki has to say on the subject. Interestingly, it’s how he met his wife Kim!

Like Robert, I highly recommend checking out this path if you’re stuck in the E Quadrant and want to quickly move to the B. Or even if you’re in the S Quadrant and don’t have enough to pursue the other options we’ve talked about so far.

Here’s a couple of folks I’ve had on the show who are experts in Direct Sales:

Mark Nathan (AoL 23)

Jeff Gamble (AoL 156)

Licensing

I’d be admiss if I didn’t cover the topic of licensing and what that means. Basically, it’s the sharing of Intellectual Property (IP) from one company (company A) to another (company B) in agreement that if the company B uses the company A’s IP, company A gets a commission. While it is similar to franchising, franchises differ in that they are in charge of how company B is actually ran. In licensing, while company A might have recommendations and regulations set, it’s pretty much left to company B to work out their own systems of operation.

As an owner of America Multi-Sport, I’ve had first hand experience to see how this can work out. While on the surface it might seem like a great idea since you’re skipping over some pretty hefty fees to actually make a franchise, there’s a good chance you’re going to fall behind. Since your licensees don’t have to operate to a certain standard, it leaves a lot of room for interpretation. Just with us, we’ve had a handful of licensees come and go in the last couple of years simply because they couldn’t do what we recommended to them.

However, just because it hasn’t been overly successful with us doesn’t mean it can’t be successful. The NFL got started the same way. Even though it’s had its ups and downs,  it’s celebrating 100 seasons!

Internet Powered Opportunities

Now that we’ve covered forms of opportunities that have been around 100 years or more, let’s look at a few things that have popped up in the last 20 due to the advent of the internet.

Scaled S Quadrant Work

If you’re more familiar with the podcast, you know that a number of the guests are simply people who have taken their service to the next level. They’ve found their Ikigai and have used technology to build a lifestyle that they’re proud of. Of the numerous hats I wear as an entrepreneur, one is helping people take their solopreneur business and scaling it through technology if they haven’t done so themselves. 

Of course, there’s different ways to capitalize on technology. You can become a digital nomad where the only work you do is through your laptop as you travel the world. Or you can start a brick and mortar agency that offers a service which can be executed online. Or perhaps you already have an agency and you’re up to your eyeballs in work and need help with all the work that’s coming your way.

There’s ways to do all of this. It really depends on what you want to do. Of course if you’d like help with this, shoot me an email. I’d love to help you get to the next level.

Affiliate Marketing

The internet has brought on another form of direct sales called e-Commerce or internet marketing. Today, most of us no longer go to places of business and buy something on the spot. We opt to do our shopping from the comfort of our own home.

Lots of online business owners get their start in internet marketing by pedaling other company’s products or services. Most of the reviews that you see on YouTube, have an affiliate link in their description that you can buy the product through them and they get a commission. 

In fact, Pat Flynn did pretty much this for years. However, as his platform grew, so did his need to create his own online products.

Influencer Marketing

When I first learned of Pat, I also learned of Brendon Burchard and his course called Expert’s Academy. Today I think he’s called it the Influencer Academy because more people are familiar with that term on Instagram.

The idea of Influencer Marketing is pretty straight forward. If you have an engaged audience, you have a list of potential buyers. The bigger the audience, the more potential buyers.

You make a product specifically designed for that audience, and there’s a good chance they’re going to buy from you. Why? Because of your influence on them through that engagement!

Typically speaking, those products take the form of digital products like courses and eBooks. That said, it’s not uncommon to see books, audios, and videos released by people in this arena.

Anyway, here’s the catch. It’s important that we never confuse three things. 

  • Don’t confuse your platform with your income. 
  • Don’t confuse your income with your career.

When people are getting started in the online entrepreneur space, many times they believe that they need to become an influencer way before they’re successful in making income. Problem is, you can’t really be an influencer unless you have some form of success in your career. They’re putting their platform ahead of their income.

To correct this, we need to learn how to separate the idea of these two. Sure your income will be multiplied as you become an influencer, but if you don’t have any income, you’re essentially multiplying by 0. 

So the next time you hear the phrase “become the next influencer” and think it’s a great idea, make sure that you already have a proven business based on the material that you want to help the masses with.

SaaS Platform

Finally, the last option I’ll mention because it’s the last category I’m personally familiar with is building a Software as a Service (SaaS) Platform. Now, doing this is just like building any other kind of business. You have to start small and in a well defined niche.

What I learned from Dane Maxwell (AoL 56) and his program called the Foundation is that if you’re creating something from scratch, you really need to do your homework up front. Find out what the people really want.

However, because it’s a product and not a service, you’re going to have to learn how to do a little bit of pre-selling the concept. Especially if you’re creating it without using your own funds. Why? Because hopefully, you’re going to hire someone to do the programming for you! 

Once you have the online tool built with the help and funding of your “champions” and early users, then you can market it and build your influencer platform like any other online business.

Action Steps

So, lots of information here! 

Hope that it provides some value and gives you a bit of clarity.

Again, if you haven’t, I really recommend getting started with reading Rich Dad, Poor Dad and the Cashflow Quadrant. Everyone should be financially literate and these are great starting manuals on passive income. 

From there, feel free to connect with me. We can do a strategy session based on where you’re at and what your needs are.

personal effectiveness

Interpersonal Effectiveness – One of Four Important Topics Not Taught in School

When I first started New Inceptions, I had a ton of ideas of what I could help people with. At the time, I had learned so much during my time in LTD that I thought that it would benefit others that didn’t have the opportunity. One of the biggest things that I started learning about at the time, was how to increase my interpersonal effectiveness. 

All the way up through grad school, I always struggled to convey my ideas and build emotional connections with my peers. Many times, I felt like the odd guy out. Of course, a large part of that was that I grew up an only child. And as any only child can tell you, we learn to amuse ourselves in our own time.

So while I had friends in school who were a lot like me, I felt it hard to connect with people who weren’t. In fact, in high school, I remember getting incredibly anxious as I tried to engage with popular people.

I simply didn’t realize that there were all these self development books out there that could have helped me understand how to connect with others better.

In this post, we’re going to look at some of the things that we can get better at when it comes to Interpersonal Effectiveness.

What is Interpersonal Effectiveness?

There’s a lot of topics that aren’t taught in school these days. Even more so today than when I was going through junior high through high school. For example, I remember taking both home economics and shop classes. Heck, I actually got credit to learn how to drive a car.

Today, those types of classes simply aren’t available to your typical high schooler. Instead, most high schools are focused on teaching for their state’s standards test. And while this might be a metric to measure a students hard skills, their soft skills are left behind.

Interpersonal effectiveness refers to the skills which help us to:

  • Attend to relationships
  • Balance priorities versus demands
  • Balance the ‘wants’ and ‘shoulds’
  • Build a sense of mastery and self-respect

And wow, I have to admit there are a ton of skills that fit this description.

Skills to Help You Be More Effective with Others

So let’s take a look of this grocery list of skills. Here’s a list that comes to mind in no particular order:

  • General Communication and Conversation
  • Emotional Intelligence
  • Civic Awareness (Government, Religion, Law, Volunteerism, Philanthropy, etc.)
  • Negotiation
  • Intimate Relationship Building
  • Digital Etiquette (including Social Media Safety)
  • Manners
  • Sales
  • Finding a Job
  • Marriage / Family Dynamics
  • Leadership
  • Networking
  • Entrepreneurship

Wow – just wow. Right? I mean, if you’ve been out of academia for any period of time, you probably realize how important many of these skills are. 

Personally, the two that have made the biggest impact in my life up to this point are emotional intelligence and entrepreneurship. 

As I mentioned, growing up I had no idea that others had different personalities and motivators. I didn’t even really understand what I should do when someone gave me a compliment. I was sooo totally awkward!

As I’ve learned more and more about entrepreneurship, I’ve realized a couple of things. First, and foremost, is that it’s what makes the US amazing. When done right, nothing beats the free market system. Another thing I’ve realized is that most of these skills actually play a role in some way or another. For example, if you’re a better leader, you’re a better business owner. Or, as another example, if you’re good at negotiation, you might be able to get more for less.

Action Steps

Anyway, I just wanted to point out some of these skills out as we continue going down this journey of life.

Personally for me, I feel I need to master sales and negotiation a bit more. Luckily, there’s all kinds of resources out there.

What are some skills you’ve already been developing? What are the ones that make you think “Oh, I should probably work on that a bit more…”? Do a bit of an inventory for yourself and list what you would like to know more about.

However, it doesn’t stop there. Other topics that aren’t discussed in school include Mindset (how you talk to yourself), Financial Literacy, and what I call “Ikigai Maximization”. We’ll be sure to go over some of these topics in the future as well!

film distribution

Ray Murphy – That’s a Wrap! – An Insider’s Look at Production, Festivals, and Film Distribution (AoL 151)

As we learned in session 149 with the Shohawk Media founders, the film world can be amazing experience. But one thing is clear: it’s vital that as a filmmaker you take advantage of the right opportunities to get ahead and get things done. This includes properly funding your production, going to film festivals, and knowing the inner workings of film distribution.

For many new filmmakers, these things can seem overwhelming. Many questions come up. How will I fund this project? How will I find the right people to partner with to get it done? When it is done, how will I get it out to the masses?

Today’s guest is someone that has the chance to get to know the film industry inside and out. With 30+ years of experience, Ray Murphy has seen it all. From starting off in security to becoming a producer to now helping with distribution, he can help those projects that won’t get the time of day from the big studios.

In this conversation with Ray, we talk about that journey of his.

Not only is he a great resource for young and veterened filmmakers alike, but he does a great job of shining the light on parts of the industry outsiders, like myself, might not understand.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • Growing up in Brooklyn, NY, did Ray ever imagine seeing the level of success he’s seen in his career? 6:27
  • What was his first experience like in the film industry? 10:25
  • What are the definitions of the various titles of producer? 14:24
  • Has Ray ever considered being a director himself? 17:40
  • How can young film producers take their career to the next level? 25:06
  • Where does Murphy Media Distribution come in to help film producers? 27:40
  • What types of individuals is Ray looking to work with? 37:42
  • What’s going on in 2019 for Murphy Media Distribution? 41:40
  • Who are the three influencers who have helped Ray get to where he’s at today? 49:28
  • Is there anything Ray considers a waste of money that others buy regularly? 51:40
  • What advice does he hear adults giving kids that he calls BS on? 52:44
  • Is there anything he’d like to do that no one knows about? 54:29
  • Three truths that he’s learned over time that he’d want others to know? 55:30
  • What’s it mean to live a life of abundance? 57:49

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

A Day in the Life of a Production Assistant

What does a Producer Actually Do?

How to Shoot a No-Budget Film

How to Start and Grow Your Own Production Company


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

order from chaos

Making Order From Chaos – Understanding the Roles of Containers and Expanders on Your Team

It’s interesting how the universe works. This morning as I was watching the local news, and heard that several people have mysteriously died recently in the Dominican Republic – one of which was Barbara Corcoran’s brother.


If that name doesn’t ring a bell, she’s been one of the more prominent sharks on Shark Tank over the years.

As I was learning more about the loss of her brother, I ran across this tweet:

She goes on to talk about this further in her post on LinkedIn: There are Only Two Kinds of People

What’s ironic is that this is something that I’ve been thinking about quite a bit recently.

The Study of People Using Assessments

In my studies over the years regarding human and organizational behavior, I’ve come to appreciate personality tests. And one thing I’ve come to realize is that there are all kinds of ways to explain how a person ticks.

Some use academic means to assess the subject (Reiss Motivation Profile) while others are more widely used simply because they’re more well known and the information seems easier to convey (Myers-Briggs, DISC).

Up until recently, I’ve mainly used variations of the DISC profile to understand where people are coming from. Heck, I know the model so well that, when I’m waiting out in public, I’ll simply pass the time watching people and guessing their personality based on their personal style and how they’re interacting with others.

Here’s the kicker: most personality tests such as DISC are great if you’re checking to see how people react to a certain situation. I can tell what a person’s primary “personality” by how they respond to tasks and people.

If they’re given a task, will they try to do it or pass it off? Likewise, if they’re around others, will they try to be friends with them all or will they chill with a select group that they know well?

However, if you really want to know a person, you need to know what their Why is. Why do they approach certain situations in certain ways? This is what the Reiss Motivation Profile can help us with.

Instead of saying “they act this way around people/tasks” it instead helps us understand  “this is Why they act this way around people/tasks”.

Containers vs Expanders: Order vs Chaos

In conversing with upcoming guest of the AoL Podcast, Andy Dix, about Reiss Profile assessment, I’ve come to a realization. There are people who thrive in chaos and there are those who thrive with order.

Based on the results of my Reiss assessment, I like to think I’m somewhere in the middle. I like to make connections in chaos and help others apply that knowledge to their lives and/or business.

But I’m definitely more on the order side of things than the chaos side.

In other words, I’m more of a Container than an Expander.


Containers are detail oriented, like to keep on top of things, and like to create systems.

Expanders love ideas and action, thrive in chaos, and are 100% all out all the time.

Leveraging this Knowledge as a Leader

Generally speaking birds of a feather, flock together. Containers will naturally gravitate towards other Containers. Expanders will group with other Expanders.

Why?


Well, it’s human nature to see others from our own perspective.

Truth is, if let alone in the workplace, these individuals have the potential to drive each other crazy if made to work together without proper leadership. Containers might think Expanders are careless. Expanders might start believing that Containers aren’t moving forward fast enough.

If you compare them side by side, you might be right.

But as we’ve found out, they’re not the same. We’re comparing apples and oranges. So to avoid that frustration on your team and network, let’s tie this all together.

The Expander Leader

Let’s say that you’re an Expander – you’re constantly taking action. If you’re not making waves and meeting new people, you’re not happy.

That’s great and all, but if all your doing is planting seeds… who’s harvesting them? If all you’re doing is making the meal, who’s cleaning things up?

That’s where the Container comes in. Containers can make sense of the work you’re doing. They can help you be more efficient. And they can clean up after you if needed.

These are the types of individuals you’d want as part of your advisory team – your inner circle.

However, that being the case, you also need other Expanders. You can’t do all the things that need to be done in the field. So having other Expanders around will allow you to take more territory and explore new opportunities twice as fast.

The Container Leader

Likewise, if you’re a Container like myself, you’ll want at least one or two inner circle members to be Expanders.

Why?

If all you have is a group of Containers trying to make sense of things, you might get stuck in a loop of improvement. You’ll overthink things more than you need to.

With the addition of Expanders on your team, you can turn to them and ask “Hey, can you take this idea out to the market and see if this is something people want?”. Or, you can ask them “Hey, who do you know that could help us with…?”.

Because they love taking action, they’ll either find out the information themselves or, better yet, share the task with other Expanders in your network.

Action Steps

So to me, it’s fairly understandable why Barbara is so adamant about this topic. When paired together, Containers and Expanders can do amazing things!

With this knowledge, you can now determine whether you’re a Container or an Expander.

Then, it might be good to do an inventory of your team. What skill sets do your team members currently have? Which do you need?

Is your organization currently lead by Expanders? Then I’d imagine you need some Containers to make sense of things. There’s a good chance you’re making quite a lot of waves!

Is your startup made up of Containers? You’ll need to find some Expanders. You’ll naturally want to work on the product or service, but you need those Expanders to test it out in the market and get that feedback you need to make your company more relative to the outside world.

Either way you look at it, find and leverage those that compliment yourself.

community builders

6 Simple Practices for Community Builders

As we all know, it’s one thing to have the heart to want to make a difference in your community. It’s quite another to actually express that in a way that others can understand.

In the last post, I wrote about the mindset it takes to have an impact in your community. Essentially, if you want to grow your community, you have the community in mind as you’re working.

Meaning if you’re working with a nonprofit, for example, you want to be working with those people the nonprofit is meant to help to reach solutions. Same could be said about developing an online following. If you want people to engage with you, you have to reach out first.

But what does it mean to reach out? To be someone who cares? What are the actions that this person takes?

Here’s 6 simple practices to help you reach out and start impacting the lives of others.

6 Practices of a Community Builder

Listen and Examine

The first place you want to start when making an impact for your community is to simply listen. What are some of the problems that aren’t being addressed? Out of these problems, are there some issues you could personally help with? Is there something that sounds like it’d be fun, but maybe you don’t know that much about?

If so, get good at asking questions and digging deeper. This process, called Idea Extraction, is a skill just about anyone can put to use in their work.

Skill Up and/or Branch Out

Once you learn what the issues are in your community, it’s time to figure out some solutions. In the entrepreneurial space, this could be anything from coming up with a service of some sort to creating some software, or even creating a course that people can take on a particular topic.

If you’re in the nonprofit space, maybe you find out that a group of people aren’t being addressed the way you’d like. What would be the solution to that which would be beneficial to everyone in the community? How can you make it a win-win-win?

In either situation, you can choose to do the work yourself (or learn to) or you can team up with someone who’s already well vetted in the work you’re looking to do. A great skill to have is one where you find problems and plug people into them who are naturally gifted at fixing that kind of issue.

Act like Nick Fury and find your team!

Plan Together

Now that you’re starting to put together your own group of Avengers, it’s a good idea to get their input as far as decision making goes. Forming a council or a board of these early folks is a great idea so that you can regularly bounce ideas off of each other.

One thing you don’t want to do is to be the one constantly making decisions for the entire group. If you find yourself in that role, then there might be some things you don’t see and people might inadvertently keep info from you that would have helped make a better decision.

So make sure this group of yours plans together regularly to avoid these issues. Also, there’s the added benefit in iron sharpening iron… if you’ve selected the right people.

Oh, and make sure that these meetings are kept to a minimum. Idea people love to think things out, but if you include implementers into this meeting, they might just lose interest.

Mobilize and Implement

In the US military, there are two distinct groups of people. There are enlisted folks and then there’s officers. Officers are the supervisors of the enlisted. While they think about what needs to be done, the enlisted people have to figure out how to actually get it done.

In this new group of yours, it makes sense to plan. However, great plans don’t lead to great results on their own. You’ll need to take action to get the desired effect you want.

What’s great is that usually your implementers are usually not the idea people in your group. So make sure you let them figure out how something will actually get done once you figure out what that something is!

Adjust and Re-adjust When Necessary

Here’s the thing about implementing a plan. Sometimes it might not work out the way you thought it was going to go. In fact, most of the time, it’s not going to work out the way that you first expected it to. However, that’s not a problem. You’re not a sniper. You don’t have to calculate all the things that can go wrong with your one shot before you take it. Instead, you should think of yourself as someone who’s in control of a machine gun. Fire, then adjust your aim until your bullets start hitting the mark.

So, for example, what does this mean in the nonprofit world? Let’s assume you’re working with people who have a specific kind of health related issue. It’s your job to get them the care they need or connect them to people who can. However, they’re not showing up to their appointments with you or with the other people who can help them.

Why? Why is that not happening? It’s NOT your job to blame them for not seeking the help. It’s your job to reach them where they’re at!

Celebrate Wins

I’m sure there’s people out there that say that they don’t like taking the time to celebrate a job done well. However, those people are few and far between.

Truth is, people like being rewarded for their efforts. And sometimes, the work might be hard, and sure the outcome was worth it, but it might feel a little empty to some of your group members. They might feel like they’re being taken advantage of.

So make sure to celebrate the successful campaigns, the stressful events, and the big launches. Your team will feel like you actually appreciate them and will want to continue to put the effort into this meaningful work.

Action Steps

Now that you see what kind of work it takes to build a community, it’s up to you to fit in the details. This is simply a formula that works for just about any kind of mission. If you have any questions regarding some of the specifics of any of these steps, ask below. I’d love to tell you how we handled something for Amplify.

full stack designer

Sagi Shrieber – Mindful and Ruthless: Going from Full Stack Designer to Full Time Dream Achiever (AoL 146)

Having success in work you love doing can take awhile to actually happen. There’s certainly a Gap we all have to cross. In that Gap, we tend to ask ourselves different questions ranging from “Why am I still struggling?” to “Should I give up and do what I know I could get paid better for but not like to do as much?” to even “Why am I having so much trouble growing my audience?”.

I know I’ve had these questions myself.

In this session, our guest, Sagi Shrieber, talks to Veronica and I about his career in design and how he was fairly successful right out of graduation. But after awhile, he found himself at a point in his life where he was $50k in debt and still having to support a family.

In our conversation, we learn what he did to start climbing out of this funk as well as why he spent over $70k in improving himself in 2018.

Enjoy!

SPECIFICALLY, YOU’LL FIND OUT MORE ABOUT:

  • What led Sagi to school to be a designer? 9:40
  • How was he able to have as much success with his career after getting out college? 13:58
  • After having success early on in his career, how did things take a turn for the worse and how did he find himself getting out of his funk? 22:08
  • What did he learn from this experience that he’s still using to this day? 31:50
  • When it comes to the way that Sagi uses it, what does it mean to be “full stack”? 38:17
  • What are some pointers he recommends when someone is building their first business website? 42:56
  • Where can we expect to see Sagi in 2019 conference wise? 55:55
  • What are his favorite top three books he tells others about? 58:12
  • Is there a gift he likes to give? 1:03:31
  • What message is out there that’s a disservice to youth? 1:05:22
  • What one travel tip does Sagi have to share? 1:06:59
  • How can someone be a difference maker in their community? 1:10:23

ITEMS and PEOPLE MENTIONED IN THIS EPISODE:

Right click here and save-as to download this episode to your computer.

SHOW NOTE EXTRAS:

Russell Brunson makes $3 million on stage at 10X Growth Con

How to Network with Influential Entrepreneurs

Interview with Pat Flynn

Interview with Paul Jarvis


Thanks for Listening!

Thanks so much for joining us again this week. Have some feedback you’d like to share? Leave a note in the comment section below!

If you enjoyed this episode, please share it using the social media buttons you see at the top of the post.

Also, please leave an honest review for The AoL Podcast on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show, and we read each and every one of them.

If you have any questions feel free to email them over via the email mentioned in the show or by our contact form.

And finally, don’t forget to subscribe to the show on CastboxiTunesStitcherPodBean, and/or Google Play Music. It’s absolutely free to do so.

A huge thank-you to you guys for joining us!

Cheers!

out of curiosity

Out of Curiosity… Why Asking More Questions Leads to More Creativity and Solutions

When I was growing up, I remember that I was always curious about how things worked. “How does a controller send signals to the TV to control Mario?”, “How could people build things as big as the pyramids?”, or even something like “Why is the Great Wall of China still around after all these years?” were examples of questions I’d find myself asking.

Little did I know that when I found an interest in Leonardo Da Vinci, I’d learn that he too was a curious mind. And what I’ve come to find out since is that creatives, especially creative leaders, are curious in general.

In this post, let’s dive a little deeper into this idea that curious minds (and understanding them as a leader) lead to better results for your team and business.

Curiosity at Play

I often to think of myself as a gatekeeper when it comes to information – a natural advisor. When it comes to the social circles I find myself in, I’m usually the one that knows random pieces of information that actually help find the solution. When I look at this characteristic and how it plays a role in my life, I don’t think I can find a better example of it in play than when I was on my high school’s Quiz Bowl team.

Quiz Bowl, if you’ve never heard of it, is basically a game where two teams compete through answering trivia. The team that answers a particular question correctly first, gets the point. On a well rounded team, the members know info about all kinds of topics. And interestingly enough, it’s often suggested that players watch Jeopardy to get practice in when we’re not practicing together.

That being the case, the members of my team were all over achievers. In fact, at times, I felt a little out of place. There were your typical book worms, sure. But there was also a few players who didn’t care about grades nearly as much as they cared about art, music, or their other usual extracurricular activities.

We were all curious. We all had great imaginations (we often referred to Whose Line Is It Anyway? and Star Trek on bus rides). And I have to admit, many members of the team were pretty damn creative.


Curiosity Yields Opportunity

While I don’t remember what each member of this team went off to do after I graduated high school, I do remember that I felt at home at Purdue when I started on my engineering degree. Not only were my friends and I focused on our school work, but we were constantly having conversations where we were asking “What If?” or “How Can I?”. We were always asking questions. And later, when I got involved with various student organizations, it was because of these brainstorming sessions that we were able to come up with all kinds of tasks and question.

Truth being, to get anything done in a particular group, you had to think outside of the box. Be it finding new sensors for a robot that was being built in IEEE to finding funding opportunities for projects in Alpha Phi Omega, thinking outside of the box was the norm.

So, from my perspective, the more questions you ask, the more options you get. And because you have more options, you’ll have more answers or solutions.

Roadblocks of Curiosity

Education

If you follow this blog at all, you might know that I’m not a huge fan of the current formal education system. Main reason? It’s hugely out of date. It’s not designed to be super flexible and frankly, most students are being left behind because they’re being told what to think, not how to think.

I started realizing this in grad school when I figured out that college wasn’t for everyone. I’d often find myself asking “Why are these students even in this class?”. Sometimes because there were some who didn’t put effort in their work, but others because they simply just didn’t seem to fit. Their personal gifts were more artistic, more EQ driven, and sometimes even more “real world” friendly.

These students were forced to think that formal education was the only way to get ahead. And 10 years later, I’ve realized that these students should have had education crafted more towards them as an individual than a one size fits all solution.

That’s what formal education is and it simply doesn’t work for everyone.

Training Managers vs Leaders

Another thing I realized during this time is that the traditional business world – the corporate world –  is the only other place where it’s frowned upon to be creative. While I was teaching in OLS, we would make it a point to remind students that an MBA is typically focused more on managing processes while our department was more focused on managing people.

It’s because of this that I think the corporate world sponsors more employees to seek an MBA. They don’t necessarily want leaders, they want managers.

These are two big hurdles in today’s world that prohibits people from being more creative.

Action Steps

So, at this point you might wondering “Ok, I have a team that could possibly be a bit more creative in their work. How do I help them get outside of the box when it comes to problem solving?” Here’s a few ideas to keep in mind:

Let Creativity Flourish!

I think, the first thing we have to realize is that creative people are inherently risky. Because they’re outside of the box, there’s going to be times when they’ll cross boundaries or simply be a bit rebellious. So you have to be willing to give them some space to work in their own world and come up with ideas. When it comes to these individuals, you’ll have to be comfortable with leaving the rule book at the door.

Help Flush Out Ideas

Speaking of ideas, another thing you want to do with creative types is work with them as they’re developing new ideas. As a business owner, you have to see them as your scientists or scouts. They’ll have many hypotheses or a half baked ideas, but they might not have thoroughly tested them. Instead of waiting for the entire process to conclude, it should be part of your job as a servant leader to help them through. Not only will you be able to sniff the idea out and determine if it’s useful for not, but if it is, you can implement it in your business quicker. Of course you have to work on your own curiosity to help them out!!

Be a Servant Leader

And finally, again as a servant leader, it’s your job to not do everyone’s job all the time, but make sure that every part of the business is working smoothly.

Take a restaurant manager as an example.

It’s not their job to just sit in the back and have the other employees come to them with issues. Sure, there might be some time in doing this, but they also need to be able to check in with those who are cleaning tables, dispensing ice cream, working the drive-thru, and serving food regularly. If they wait for something to actually go wrong until they address an issue, that’s not being proactive – that’s reactive. And we know that leaders can not be reactive!!

A quote I saw this week, goes like this:

“If you look at the people in your circle and you don’t get inspired, you don’t live in a circle, you live in a cage.”

– John Maxwell

In that same instance, don’t be the one creating the cage.