Big Dividends

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First Principals

First Principals

The Importance Of Getting Back To First Principals

I had the good fortune to join a webinar on Monday night with the man who was my mentor Alex Jeffereys, he had invited all of his ex students to an online get together and it was really enlightening, this is a man who earns a lot of money and yet he wanted to talk about his frustrations in the last year and why we needed to go back to First Principals

Personally I think it re enforces what I had always known that here was a man who would always go the extra mile, he talked about what he thought had gone wrong and he wanted to take us all back to First Principals as well, we could take the lesson of his mistakes and he added in a coaching session as well

Now he didn’t need to do this but he had chosen to ensure that none of the rest of us went through what he did, at first glance going back to First Principles sounds like a retro grade step but that is to miss understand the importance of having a clear plan and of working without getting diverted

But how you may be thinking can I get anything out of your get together on Monday night with your fellow students down the last two or three years, well I also happen to think First Principals are critical and I will explain why as this post develops, in fact I would go as far as to say without them we are all sunk

The Importance Of First Principals In Your Future Success

So why do I see this as so important, why should we all look at First Principals as part of our strategy? I see it as part of the importance of keeping focused, of keeping a longer term plan because without it you are basically like a little boat in a choppy sea, being blown around at will, with no real direction

You see First Principals says that you must link your day to day to do list to your One month and three month planning, it is the vital glue that keeps you in place, there are so many distractions, so many shiny objects to chase, so many glitches, loop-holes and magic buttons promising instant riches hmm!

The reality of First Principals is that you need accountability, an accountability partner to keep you on track, a clear strategy both day to day and a way of looking back and seeing what is working and what still needs to be done, otherwise we end up as so many do looking back at the end of a week and asking what have I actually achieved

Keeping your projects in a logical sequence is also essential, how many I wonder have 5 or 6 projects on the go but none finished, why is that a major problem? simple really, without a plan you wont earn any money, First Principals asks you the difficult questions that we sometimes try and brush aside

So How Can I Harness First Principals In My Business?

It’s a good question and one that the answer to will pay big dividends for you, you see when harnessed properly First Principals will increase your income whilst reducing your stress and anxiety, a true definition of win-win and one that you must pay attention to if you want to succeed

So what resources are there out there that can help you develop sound First Principals? personally I can think of none better than
Rich Schefren’s Internet Business Manifesto It’s been downloaded over a million times, it’s free but worth I think a great deal, you will see immediately why this man is the person everybody turns to when they get stuck

I would also recommend that you listen to his interviews with Mike Filsaime, Jim Edwards and Danny Johnson, I’ve had them for the last three years, I listen to them regularly, they always take me back to First Principals, I would put their value at around $297 Dollars but again they are free

So my message today is simple, without a clear plan and a way to put it into action you are sunk, the difference between a guru figure and everybody else is not knowledge it’s action a crystal clear plan of action and accountability, remember what Michael Gerber said, the problem with the boss is the boss doesn’t have one?

I will finish as always by asking for your thoughts, to see how you hold yourself to account, how you work your plan, how you stay on track despite all the distractions, how you manage to get back to First Principals

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