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The Pain Of Regret Or The Pain Of Discipline

We’re halfway through the year, and I’m curious: how are your New Year’s resolutions holding up?

Here’s a quick question for you to consider:

“Do you prefer the pain of discipline or regret?”

Research shows that we regret those things we have not done MORE than we do the things we have done. Can you relate?

What I’ve experienced personally and observed in others is that procrastination blocks us from creating the business and life we want to the fullest. You already know that we procrastinate because taking action can cause us a certain amount of “pain, a certain amount of discomfort.”

Coaching clients have shared with me the following:

“I avoid undertaking certain tasks because of the risk of shame, vulnerability, or failure.”

Taking action means we might be making a mistake, or we might fail. Let’s face it, it’s easier to not take action and avoid the pain of looking less than perfect. Thus, many instinctively retreat to their comfort zone and miss creating their ideal business. In trying to protect ourselves from failure, erecting our own barriers to success is easier. Can you relate? If you’ve ever been in this place – as I have – how do you get out?

Psychologists call this a strategy of self-sabotaging. Research shows that we protect our sense of self-competence by creating impediments that make success less likely. And believe it or not, we as humans tend to do this more when the stakes are the highest.

So how do we procrastinate less and take action more?

Practice… practice taking action faster and more often. Get an accountability partner and join a mastermind group. By taking more small steps that lead to more significant steps, you’ll build the “take action muscle.” By creating an accountability partner and mastermind group, you’ll have others who can help you discern what is an excuse and what’s not.

Consider these 5 action steps:

  1. Remember, a goal is NOT a system. A system will produce what a system will produce nothing less, nothing more. For example, losing 10 pounds by September 1st is a GOAL, and learning to change your eating habits is a SYSTEM.
  2. Make your goal tangible and specific. “Grow my business” sounds great but is also meaningless.” Land five new clients a month” allows you to determine exactly what you need to do to land those clients. Always set a goal that allows you to work backward and create a process to achieve it. It’s impossible to know exactly what to do every day when you don’t know exactly what you want to achieve.
  3. Make it matter to you! If you want to get in better shape, so other people will think you look better at the pool this summer, you’re unlikely to follow through. Ultimately, who cares what other people think? Yet, if you want to get in better shape because you want to feel better, feel better about yourself, set an example for your kids, or prove something to yourself, then you’re much more likely to stick with it. Now your goal has meaning–not to your doctor, not to strangers at the pool, but to you.
  4. Make it positive. “Stop criticizing other people in meetings” is a great goal, but it’s a negative goal. It’s much harder to give up or stop doing something than to embrace a new and positive challenge. For example, setting a goal like” stop eating sweets” means you constantly have to choose to avoid temptation. Since willpower is often a finite resource, why put yourself in a position of continually needing to choose? When you pick positive goals, you’ll work to become something new rather than avoid being something you no longer wish to be.
  5. Focus on the process, the daily process. All the incredibly successful people I’ve worked with have one thing in common: They set a goal and then focus all their attention on the process necessary to achieve that goal. Sure, the goal is still out there. But what they care about most is what they need to do today, and when they accomplish that, they feel happy about today.

So, I’ll ask again: Do you prefer the pain of discipline or the pain of regret? The choice is yours.

 

Process goals
Process goals perform the best

 

 

Embracing Humility: Navigating Ego and Pride

We all carry a little ego and pride within us, yes? They’re like two sides of a coin: one shiny and the other tarnished. But how do we wield this coin wisely?

The Ego: Friend or Foe?

Ego is that whisper that says, “I’m better than others.” It’s the silent applause when we outshine someone. But beware! An inflated ego can be a stealthy saboteur. It blinds us to our flaws, muffles our curiosity, and distances us from genuine connections.

Self-Awareness Checkpoint

Pause and reflect:

  • Are your actions driven by genuine self-worth or ego?
  • Do you listen more than you speak?

The Paradox of Pride

Pride the medal we pin on our chests after a hard-fought victory. It’s the warmth of accomplishment, the “I did it!” moment. Yet excessive pride can morph into arrogance. It builds walls, making it hard to admit mistakes or seek help.

The Empathy Bridge

Cross it:

  • Understand that everyone has their battles.
  • Recognize the worth in others—their struggles, their victories.

The Learning Mindset

True wisdom lies in acknowledging our limitations. When we learn, our ego shrinks, and our pride becomes a stepping stone.

Gratitude Attitude.

Practice it:

  • Celebrate your achievements, but remain grateful.
  • Excessive pride blinds us to the collective effort—the mentors, the late nights, the shoulders we stood on.

The balance?

It seems we don’t obliterate ego and pride; we channel them. Like a river, they can nourish or flood. So, let them flow constructively.

Be humble, empathetic, and curious.

How do you navigate ego and pride?

 

Reflect. Repair. Renew.
Reflect. Repair. Renew.

The Rockefeller Habits: A Blueprint for Business Success

John D. Rockefeller, the founder of Standard Oil, left an indelible mark on business history. His disciplined approach to management and leadership principles inspired Verne Harnish to outline the “Rockefeller Habits.” These habits, originally embraced by Rockefeller himself, can transform your business. Whether you lead a team of 1 or 500, implementing these habits can create a winning “operating system” for your organization.

The 10 Rockefeller Habits

  • Healthy and Aligned Executive Team
    • Your company’s performance hinges on its leadership team. Ensure they understand and complement each other’s strengths. Regular meetings and commitment to learning are essential.
  • Quarterly Focus
    • Everyone should be aligned with the #1 priority for the quarter. This clarity drives progress and prevents distractions.
  • Effective Communication Rhythm
    • Establish a rhythm for sharing information across the organization. Timely communication keeps everyone informed and engaged.
  • Accountability for Goals
    • Assign accountability for achieving goals in every facet of your organization. When everyone knows their responsibilities, progress accelerates.
  • Employee Input and Feedback
    • Collect ongoing input from employees to identify obstacles and opportunities. Their insights are invaluable.
  • Customer Feedback Analysis
    • Treat customer feedback data as crucially as financial data. Regular analysis ensures you stay customer-centric.
  • Living Core Values and Purpose
    • Infuse your organization with core values and purpose. When these are “alive,” employees feel connected and motivated.
  • Articulate Strategy
    • Every employee should understand the key components of your company’s strategy. Clarity empowers action.
  • Quantify Employee Satisfaction
    • Can your team quantify whether they had a good day or week? Regularly assess employee satisfaction.
  • Transparency in Plans and Performance
    • Make your company’s plans and performance visible to everyone. Transparency fosters trust and alignment.

Implementing the Rockefeller Habits isn’t just about business growth; it’s about creating a thriving culture. Embrace these habits, adapt them to your context, and watch your organization flourish. Remember, it’s not the size of your team that matters—it’s the commitment to excellence that defines success.

Mark, are there other management operating systems to consider? Fore sure, many of the clients I work with our 4DX or EOS shops. It’s really up to which process resonates the most with you and your team. Pick your system and get started – remember a system will produce what a system will produce, nothing less and nothing more!

Not happy with your results? Be HARDER on the system.

 

A System Will Produce What A System Will Produce, Nothing Less and Nothing More!

Overcoming Call Reluctance: Mastering Phone Prospecting in 5 Steps

Overcoming Call Reluctance: Mastering Phone Prospecting in 5 Steps

Making phone calls is critical to achieving your goals and dreams. Whether you’re reaching out to potential clients, networking, or following up, effective communication over the phone is essential. In this guide, we’ll explore five steps to conquer call reluctance and become phone masters to create new sales opportunities.

Cold calls are often feared; they are just one piece of the lead generation pipeline.

  • Referral Sources: Start by tapping into your existing network. Past clients and other referral sources can provide valuable leads.
  • Influencers: Identify influential individuals within your network. These influencers can introduce you to potential clients and expand your reach.
  • Networking Groups: Consider joining networking groups like BNI (Business Network International). These platforms allow you to connect with other professionals and exchange referrals.
  • Follow-Up and Follow-Through: Don’t underestimate the power of consistent follow-up. Whether it’s from referrals, influencers, or networking events, diligent follow-through is essential.
  • Cold Calls: Finally, cold calls can be a part of your prospecting strategy as a last resort—when the other sources are not in place. With the right mindset and techniques, they can be effective.

Fear is natural.  Anxiety is normal. The key is not ignoring those feelings. The key is redirecting them. Accept and acknowledge the feeling. Reflect on what triggered it (lack of  preparation or organization, projecting what other people might think. etc.) and then redirect those thoughts to something more empowering. Accept, reflect and redirect. How? 5 steps:

1. Understand Your Value
To succeed in phone prospecting, you must have a clear understanding of the value you provide. Take a moment to list all the wonderful and valuable things you do for your clients. Additionally, identify the qualities that make you the ideal agent to work with. Keep this list handy by your phone as a reminder of your worth.

2. Set Realistic Goals
Creating momentum requires setting achievable daily goals. Consider using a daily action plan or a weekly action plan. By breaking down your objectives into manageable tasks, you’ll build confidence and stay motivated.

3. Tackle Negative Self-Talk
Negative self-talk can hinder your prospecting efforts. When you encounter self-doubt, write down the negative thoughts. Refute them on paper by creating positive responses. Remember, you’re in control of your thoughts—don’t let them control you.

4. Visualize Success
Before picking up the phone, visualize success. Picture yourself confidently handling objections, setting appointments, and achieving positive outcomes. Maintain a “bring it on” attitude, and watch your confidence soar.

5. Commit to Consistency
Resolve to make at least 10 to 30 minutes worth of calls each day. Consistency is key. Even on challenging days, stay committed. Remember, progress comes from persistence.

Accept, reflect and redirect to win the day.

Process goals
Process goals perform the best

No Pain, No Palm – My Friday Mindset

Friday mindset compliments of William Penn:

“No pain, no palm; no thorns, no throne; no gall, no glory; no cross, no crown.”

What is Penn saying?

Endure to Cultivate Success” – The journey to success is akin to nurturing a garden; it requires diligence and resilience. Just as a gardener patiently cares for their plants before reaping the harvest, one must toil and persevere to attain their aspirations.

Embrace the Thorns for the Throne” – True triumph is not without its trials. The path to greatness is lined with thorny obstacles, but it is through facing and overcoming these challenges that we ascend from the depths of difficulty.

Bitter Trials Bring Sweet Victories” – The road to glory is often paved with setbacks and sour moments. Yet, it is by navigating through these bitter experiences that we pave the way for substantial accomplishments. If you find yourself amidst adversity, remember this adage.

Sacrifice Paves the Way to Leadership” – Reflecting on his Quaker beliefs, Penn draws a parallel to the spiritual realm. Leadership demands sacrifice and endurance, much like the spiritual quest for a higher reward.

Choose your hard!

#WinTheDay

 

What's Possible?
What’s Possible?

You think differently!

Thursday mindset, note to self:

Someone told me today, “You think differently!” I picked up on this by studying George Patton: “If everyone is thinking alike, then somebody isn’t thinking.”

Yet what I’ve learned the most is summarized by Tim Ferriss: “It isn’t enough to think outside the box. Thinking is passive. Get used to acting outside the box.”

The winners are the doers.

#WinTheDay

Leave nothing to chance
Leave nothing to chance

Unlocking Effectiveness: A Journey of Intention, Commitment, and Action

In our fast-paced world, effectiveness has become more critical than ever. Whether you’re an entrepreneur, a student, or a seasoned professional, optimizing your efforts can lead to remarkable outcomes.

It all begins with setting a clear intention: What do you want to achieve? Is it better time management, improved productivity, or enhanced decision-making?

Why Does Effectiveness Matter?

Effectiveness isn’t just about doing more; it’s about doing the right things. Consider these key points:

  1. Resource Optimization: When you’re effective, you maximize your resources—time, energy, and focus. You avoid wasting effort on low-impact tasks.
  2. Impactful Results: Effectiveness ensures that your actions align with your goals. It’s not about busyness; it’s about purposeful progress.
  3. Reduced Stress: When you’re effective, stress decreases. You feel in control, knowing you’re moving toward your desired outcomes.

Motivation to Act

Ask yourself:

  • What drives me to improve my effectiveness?
  • How will it positively impact my life and work?

Promises to Yourself

  1. Prioritization: Promise to prioritize tasks based on their impact. Focus on high-value activities.
  2. Consistency: Commit to consistency. Small, daily actions compound over time.
  3. Learning and Adaptation: Stay open to learning and adjust your strategies as needed.

Actions to Take

  1. Time Blocking: Allocate specific time blocks for essential tasks. Guard these blocks fiercely.
  2. Single-Tasking: Multitasking reduces effectiveness. Concentrate on one task at a time.
  3. Feedback Loop: Regularly assess progress. What’s working? What needs adjustment?

Setting a Timeline

  1. Weekly Goals: At the start of each week, review your week ahead. Set specific goals.
  2. Daily Routines: Each morning, allocate time for your most critical tasks.
  3. Monthly Reflection: At month-end, evaluate your overall effectiveness. Celebrate wins and recalibrate.

In my experience, effectiveness isn’t a fixed point—it’s a dynamic journey. When I wholeheartedly embrace the process and remain committed, I witness my impact soaring to new heights, and you can do the same with these 6 steps:

  • What is your intention?
  • What is your outcome?
  • Why is it important to you?
  • What is your motive to act?
  • What promises will you make, and what actions will you take?
  • By when?

Ready?

By when?

What's Possible?
What’s Possible?

Staying On Top Of The Housing Market

Staying on top of the housing market is key to serving your clients. Here’s a quick snapshot of the latest trends that will impact your real estate practice:

  • Price Adjustments: Sellers are increasingly adjusting their expectations, with a notable uptick in price reductions from initial listings in the last few weeks.
  • Conditions Count: Homes that aren’t “move-in” ready are facing pressure in this competitive market.
  • Market Dynamics: A significant 34.4% of homes on the market have experienced price corrections, signaling a shift in supply vs. demand.
  • Buyer’s Options Expanded: With a 36% increase in inventory compared to last year, buyers now have a wider selection to choose from.
  • Regional Variations: While New York and Nevada maintain a tighter grip on their inventory, Texas is experiencing a bump in sales activity thanks to a more abundant selection.
  • Mortgage Mysteries: Curious about what drives mortgage rates? They’re more intricate than you might think. Send me a direct message for a detailed breakdown.
  • Sales Trends: The rhythm of new sales has dipped recently, but the overall pace remains consistent with last year’s figures.

Some interesting highlights: 

Understanding these trends is one thing, but distilling them into actionable insights is where true leadership shines. For a personalized analysis, slide into my DMs for a one-on-one chat.

Discover how these trends are playing out locally on my Altos link included by clicking here.

#WinTheDay by making informed decisions and keeping your clients informed and up to date.

 

Follow Up
Follow Up

Now Is Not The Time To Sit Back and See How Things Turn Out

Now is not the time to sit back and see how things turn out.  You’ll be left behind.

Last year 18% of agents changed firms across the US and a recent survey from Inman news  39% of agents plan to switch brokerages this year-up 56% from those who shared a similar desire in 2023.

Old math / new math – regardless of what number you believe – that’s a lot of movement and right now somewhere between 25% up to 39% of your own agents are looking to make a move.

Why?

Uncertainty …  with all the changes, all the news are you LEADING or going SILENT?

What’s missing?

  • 52% want more referrals and leads
  • 44% want better training and education
  • 42% want more support

What’s on their “must have” list?

  • 93% want to be connected to a trusted/recognizable brand
  • 88% want top-notch marketing and advertising support
  • 82% want leading edge technology and tools.

Look this is what we do – if you need help we should have a conversation.  Yet, in the meantime I’d leave you with this: quickly go on the OFFENSE immediately to re-recruit the keepers.

  • Identify who in your office is most likely to leave and proactively start re-recruiting them.  Find out what they’re missing and fix the problems before it’s too late.
  • Energized Recruiting: If you have strong solutions in the areas where agents are feeling deficits, step out in confidence and get connected to as many prospects as possible.
  • Use the survey findings as a guideline to prepare scripts and talking points that address these issues.
  • Plan talent attraction events that highlight your expertise in the areas where they are feeling deficiencies.

At the end of the day YOUR SYSTEM PRODUCES WHAT IT PRODUCES NOTHING LESS NOTHING MORE – we can help you get the right systems in place to win the day.

Power Of Compounding Effort
Power Of Compounding Effort