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Solopreneur Money

May 15, 2020

When it comes to your business, having a success mindset can help you overcome anything. Wherever you are in your journey, you need to BELIEVE in the success of what you're doing. In this episode of Solopreneur Money, I'm talking with Gene McNaughton who helped Gateway Computers become a billion-dollar business, worked alongside famed life-coach Tony Robbins, and then left it all to carve his path as a Solopreneur. 

Your mindset is a powerful tool to help you succeed in life and in business. If you believe you can succeed and you put in the time and effort it requires, you can achieve anything! In this episode we discuss the power of a success mindset, planning for the unexpected, and investing in yourself. If you're ready to win big with your business, this episode is a must-hear!

You will want to hear this episode if you are interested in...

  • Learning how to grow your skills to be better at your job [4:10]
  • Moving on from financial missteps to pursue new opportunities [5:59]
  • Discovering the mindset of success [7:29]
  • Learning how to spot patterns in life to anticipate drastic financial changes [12:20]
  • Transitioning your goals from dabbling to committing to completing [21:22]
  • What you can do to set yourself apart from your competition [24:18]

Grow yourself to grow your company

When you transition from working for someone to being your own boss, you may experience many unforeseen challenges. Learning what steps to take to get where you want to be will ease the process, but how do you figure out where to start? When your livelihood relies on your business entirely, you can't afford to learn as you go. You have to try to stay ahead of the curve to avoid potentially expensive mistakes. 

To do this, study trends in your market and look back historically at what your industry has done. About every 10-years we experience a drastic shift across all markets. Planning for potential losses can ease you through any challenges you may face. Gene quotes The Law of Attraction, stating, "What you think about the most, you tend to attract into your life." Apply this to your business by paying attention to the small details and figuring out what you don't know. Don't wait until you need something to try and figure out how to do it!

Finding financial freedom and investing in yourself

Any time you work FOR someone you will forever be focused on their goals and helping achieve them. When you decide to pursue YOUR vision, you have the financial freedom to proceed how you want.

Gene recommends all professional Solopreneurs keep these two things in mind:

1. The science of achievement

Learning the science of building businesses and relationships will help you achieve your goals. YOU can create the outcome that YOU want!

2. The art of fulfillment

What does a fulfilled life look like to you? Perhaps it's happiness, reduced stress, and being able to surround yourself with uplifting people. When you focus your energy on those details you receive them!

But what do you do when a financial crisis hits? When you're a Solopreneur, it's on YOU to navigate the peaks and valleys of your business. Plan for those times by making changes today that can have a lasting impact: save money, cancel unused memberships, and trim unnecessary spending to help you adjust when needed. As we've seen over time, there will always be another shift in the market. By making adjustments now it will be easier to pull through with your business intact. 

How a success mindset can move you from dabbling to committing

Most people dabble in a variety of different things regularly without making the commitment to complete the task. What would happen if you made the decision today to finish something that you've been wanting to for a while? People radically overestimate what they can do in 30 days, but then underestimate what they can do in a year, or even two years! To reach your goals take the time to plan out the steps you need to take to get there and hire help when needed.

Another area that people tend to undervalue is self-education. The skills you can learn by continually pushing yourself forward is what will separate you from your competition. Commit a little time regularly to build on the skills you need or want and don't settle for free or novice tutorials. Invest in yourself to learn the skills the RIGHT way!

Resources & People Mentioned

Connect with Gene McNaughton

Connect With Gabe Nelson

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