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How to identify your core assets

When I started thinking about what type of business to start, I took time to consider my values, passions, past experiences, education, but most importantly, I thought about all the skills I have that could have a positive impact on someone’s life. I call these core assets.

Having a business degree and background was a plus, on the business technical side. What really mattered to me was people’s skills. How I treat people, how I make them feel, how I can help them solve their problems.

Once I created my list of core assets, it all came together. I realized that I was meant to teach people based on my analytical, planning, and problem-solving skills, my top three skills.

Today, I’m able to teach others how to take an inventory of their assets through self-assessment so they can apply it to their ideal business and everyday life.

How to identify your core assets

A self-assessment will help you learn more about yourself, choose a business, reevaluate a current business, a career, move on with an idea, and determine your interests.

Your core assets are:

✔Your values – what is important to you in life?

✔Your passions – what do you enjoy doing day in and day out?

✔Your skills – what are the things you have learned to help you do certain tasks?

If you struggle with taking inventory of assets, one way to solve the struggle is by performing a personal SWOT – Strengths, Weaknesses, Opportunities, and Threats analysis.

A SWOT analyzes a person’s skills and external factors to determine which factors are favorable or unfavorable to them or their goal.

Ask yourself the following questions:

  • What do you do better than anyone else?
  • What tasks do you usually avoid because you don’t feel confident doing them?
  • What new technology can help you?
  • What obstacles do you currently face in your life?

Aligning your core assets will create harmony between you and your business because you are maximizing your abilities.

You are most likely to succeed in life if you make the most out of your abilities. If you need help, consider hiring a business coach or mentor to help you put it all together.

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5 Traits of Successful Entrepreneurs

It’s all about mindset. I’ll share five mindset traits that will help you move forward with your side business be successful. You’ll come to find that many entrepreneurs possess the same characteristics.

Trait #1: Self-confidence

When I decided to transition to business coaching while working full-time and raising a family, I asked myself how much do I want to commit to my side business so I can continue taking care of my responsibilities and keep motivated.

It was a rough ride at the beginning, trying to do it all. I used to think that it was impossible and I had no idea how others were doing it. But, as time went on, I managed to make it happen because I gained self-confidence and believed that it was meant to be.

One of the key factors to accomplishing my goal and kept me going was self-confidence. It’s that magical power of having confidence in oneself and one’s powers and abilities.

Trait #2: Achievement oriented

Focused and sustained effort gains results. It’s about concentrating on achieving a specific goal, not just accomplishing a string of unrelated tasks.

To reduce overwhelm, break down each task into smaller tasks that would be easier to follow through. Every task you perform that relates to your business, regardless of how small, moves you closer to achieving your goals.

Trait #3: Become a risk taker 

You realize that there is a chance of loss inherent in achieving your goals, yet you have the confidence necessary to take calculated risks to achieve your goals.

As a business owner, we’ll make decisions, take action, and can control our destiny. We are motivated by a spirit of independence which leads us to believe that our success depends on our effort and hard work, not luck.

So, which of these three main characteristics (self-confidence, achievement-oriented, becoming a risk-taker) is the most important? Believe it or not, it has to be self-confidence. Without confidence, nothing else is possible. If you don’t believe in your abilities, then the first challenge that arises may knock you off the path to achieving your goals. The other characteristics are a few things to keep in mind for maintaining a higher level of self-confidence.

Trait #4: Positive thinking 

Well, it all starts with a positive attitude, doesn’t it? Believing that something good will happen is the first step. Negative thinking simply is not allowed.

You must truly believe that there are no circumstances strong enough to deter you from reaching your goals. Remember too, that positive thinking can be contagious. When positive thinking spreads, it can open doors to new ideas, customers, friends, and so on.

Trait #5: Persistent Action 

Now all the positive thinking and believing in the world is useless if it is not applied towards a goal. You have to take action, no excuses are allowed. This action must also be persistent. Trying once and then giving up is not going to be enough. Keep at it one step at a time. If you can’t get by a particular task, then find a creative way to try again or just go around it.

We’ve identified five traits that are common among successful entrepreneurs. You should be able to look ahead and see yourself where you want to be. Now just maintain a strong belief in yourself and your skills, stick with it, and don’t give up. If you can do that, you’re already halfway there!

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Self-improvement and success are related

How do you know if a person is willing to attain self-improvement?  A question with no definite answer. It will all depend on the individual.

Many people have goals, dreams, or ambitions but do not know how to go about achieving them. They may have thought about what would make up self-improvement and their ideal life, but have no idea how to begin to make plans and take the actions required to make them a reality.

Some people perceive that self-improvement is about having a better job, given better opportunities, more money, meeting the love of their life, or whatever else, and they would be happy. They measure their happiness or lack of happiness by external factors and might think that their thoughts and actions are of little consequence, spending little time thinking about what they want from life.

Other people do not even know what they want from their lives and may have little idea what would make them happy. They seem to just drift from day to day, week to week, month to month, and year to year, and do little more than just about get by.

The reality is that throughout our lives we are all constantly growing and developing from circumstances that make us grow and develop, even if we do not make the conscious decision to do so.

Up to a certain age, we learn through formal education, and we continue to learn through our experiences for the rest of our lives. We learn and grow to deal with everything that life throws at us. We all go through self-improvement. For anyone living in modern society, there are more opportunities to do anything that you want to do with your life than ever before; the opportunities are endless.

A commitment to self-improvement and personal growth may well be the deciding factor in how anyone’s future will turn out.

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