Joining the top 20 percent of the top earners in your field should be a goal for every entrepreneur. If you are going to invest your time, money and energy in a commercial company. Then give that company a chance to succeed by committing to join the top twenty percent.
Is it about 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 run off into the sunset. But since you started a business, you could also live to be in 20% of your industry.
The amazing thing about the Top 20 is that they all started in the last 20. Those successful people did something different with their time, talents, strengths, and money. That set them up for financial success.
How to get into the top 20 percent
Make a decision
Know 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 act.
Follow the leaders|
Decide to follow the leaders. You do not suffer from a 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 plan for success, so model success. Learn from the best. Does it cost an investment? Yes, so invest in yourself.
What do the top 20 do?
The truth is, if you are looking to earn an additional $ 100- $ 500 per month, look for a job. It’s a lot easier and you can get by financially with it. Don’t waste your time fighting for those short dollars.
Works at Starbucks on weekends, delivers pizza, buys a paper lane. Don’t waste time on a business for just $ 6,000 a year. Google 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. Go to seminars, events and if you can get private advice. 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 great tax write off.
3 easy steps
Being in the top 20 percent requires discipline and application. Here are 3 simple steps to help you get 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 to it. Read before going to work. This will make it easier for you to compete because most people don’t commit to reading.
2. Convert your travel time into learning time: Listen to the audio training while driving or using public transportation. Take notes and record moments aha.
3. Expect seminars and events: Take online courses, attend industry events, and meet people. I put my business partners, my inner circle, and mentors at events. It’s a great way to connect with like-minded people while learning.
Follow these simple guidelines and set your target at the top 20 percent.