3 Kinds of Business Owners: Which One Are You? (Only 2 Succeed)
Posted by Melissa Galt in Mindset, Prosperity Mindset
There are just three kinds of business owners in today’s marketplace. Which one you decide to be determines your level of success and the speed at which you get there. You can make success long and difficult or shorter and simpler, the choice is yours. And, you even have the choice not to succeed at all. There is no luck, you create your own luck with your mindset, your thoughts, your mood, your attitude, and your action or lack thereof. Make no mistake, this has nothing to do with your level of education, your experience, your upbringing, your heritage, or your history. It has everything to do with YOU.
Each of us today is the sum total of the decisions we have made to date. You can change your decisions at any given moment in time and create a new today and a brighter tomorrow. Or, you can choose to remain where you are. What will it be? Which type of business owner are you?
#1 The DIY Master ~ Now, there are those business owners who will take my content in my calls and run with it, I mean they are outstanding DIYers and can piece it together and make it work well. Is this you? Then awesome, you get exactly what you need from my calls and can move forward without going any farther. You are also very rare.
Very few are a master of all trades, most are merely a jack of all trades, master of none and while you may be top notch in a couple of areas, it is unlikely that you are top notch in all areas. Your reluctance to hire outside expertise and to delegate often leaves you stuck and stranded. You may make it in the long haul but you are definitely taking the longer and harder road to get there. You are on the on ramp to success, merging slowly into the lane of progress.
#2 The FREELOADER ~ These business owners and home based CEO’s are on the free bandwagon and they go from call to call to call just listening in, taking a few notes, but not really moving forward. Is this you? I think we all have been here and I stopped being here when I realized that really I was wasting my time with all the “free” information because Knowledge is NOT power; only the action you taken once you’ve learned something IS. Once I committed to my path and progress, profit started to flow my way, not always in great waterfalls but definitely steadily and surely. As long as I stayed in free, well trust me when I say my pipeline wasn’t exactly full.
Free is the illusion that knowledge is all you need and that somehow a full bookcase or a desktop loaded with free downloads will ultimately equal success. It won’t and you are indulging in true self sabotage by not stepping up to the plate and investing in action to take your mountains of knowledge farther. If you remain in this pattern of behavior, you are guaranteed to be living a Ground Hog Day life, the same day over and over and over again, no progress, no change. You aren’t even on the onramp to success but instead stuck in the bright shiny opportunities of which on ramp to take.
#3 The INVESTOR ~ Are you this business owner? You check out the market place, explore trusted mentors and invest in programs that really will move you forward. You understand the value in taking action not just creating a lot of desktop shelf help that doesn’t serve you. You are on the fast path to success and know who can help you get there.You climb on free to explore, investigate and evaluate, when it’s a fit you invest and move it forward rapidly. You are a RAPID ACTION TAKER and are on the fast lane to success.
Clearly, as detailed here when you can step into the shoes of being the INVESTOR in yourself, your experience, your knowledge and most importantly your action, you will move it forward not just step by step but in quantum leaps. You will eliminate the bright shiny distractions from your email, your networks, your time, and focus on those activities and contacts who can fuel your success engine best.
I’m looking for INVESTORS. I honor business owners like me who get it and believe in themselves and their future. I work with INVESTORS to move their business and their life forward faster, more easily, with more fun, and greater rewards. Will you join me on this journey of life and business where you make your dreams come true? I’d love your comments.
28 Responses - Join the Discussion!
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December 10, 2010
[...] I read the blog post, 3 Kinds of Buisness Owners by Melissa Galt, as I read, it came to mind there also 3 Kinds of Realtors. Many agents who work [...]
Jenni P
there are several meanings to the word ‘invest’ as well as the obvious one.
1. To furnish or endow with a power, right, etc.
2. To endow with a quality or characteristic: (to invest a friend with every virtue).
3. To infuse or belong to, as a quality or characteristic: Goodness invests his every action.
4. To provide with the insignia of office.
5. To clothe, attire, or dress.
6. To cover, adorn, or envelop: (Spring invests the trees with leaves).
By making an investment as an offering , we are demonstrating trust, respect, attention, admiration and also expectation of a return.
It is a natural and healthy dynamic as well as an essential one. Thankyou for that banner, Melissa.
I’ve ceased 80% of the service I was giving away because I’m now ready for people to invest in me as much as I invest in others. Natural and healthy!:)
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Melissa Galt Reply:
Jenni,
I know that feeling really well! It can be a difficult decision to make but very necessary as without investing there is no committment to real change and forward motion.
We are on the same train!
Hugs, Melissa
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Arika
Great article Melissa.
As someone who has been in business for over 5 years I can honestly say that I’ve been in each of these positions at one point or another. I think most business owners can relate to this, whether they want to admit it or not. Personally, I see it as a sign of business growth.
Right now I would say that I’m still a mixture of the DIY & the Investor, heading strongly to investor only now though!
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Melissa Galt Reply:
Arika,
I know what you mean and I admit I was a freeloader in the early days. My business didn’t shift until I became an INVESTOR!
Great to hear from you.
Hugs, Melissa
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DeAnna Troupe
I’ve definitely migrated between all three of these depending on how fat my pockets were at the time. I’m striving to get to the investor stage as I know that will help my business grow the fastest. Right now I’m in a mix of DIY and investor.
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Melissa Galt Reply:
DeAnna,
The key is to be selective in your investments and truly take action on what you learn so you earn back your investment AND you also make a lot more. You are worth it!
Hugs, Melissa
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Lori Hoffman
Great article. I have moved through various stages of my life being all three types. For me, it is easiest to move forward and embrace the Investor side of myself when I am clear about my direction. It is then I have a focus, and because I have a type A personality, I employ a deadline. The DIY part of myself comes up when I am in the scarcity mindset and the freeloader comes up when I am conducting research and still deciding where I am headed. Fortunately, reality rears its ugly head and I realize I am never going to reach my goals unless I delegate and/or hire helpers. That’s why I enrolled in your BEAM class. Now it’s just a matter of protecting my boundaries and saying no to non-critical encroachments on my time.
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Melissa Galt Reply:
Lori,
You are absolutely on target, boundaries are critical for moving ahead as is a winning team to get it all done.
We really do all go farther together. Delighted to have you in the program.
Hugs, Melissa
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Teena Ingram
Well, as someone said earlier, I think all business owners go through every stage. I am big into delegating, but you definitely have to have the money to do it. I totally believe in being an investor because that is the only way to get your business off of the ground.
What we all need to realize that the element of rapid action while being an investor is the most important and critical piece. I am still learning this piece each and every day!
Thanks for the reminder!
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Melissa Galt Reply:
Hey Teena,
You are an INVESTOR and that will always serve you in good stead. When it comes to delegating, ask your mentors for their resources.
We are happy to share and often have gone through that painful curve of the wrong resources before finding the right ones.
Hugs, Melissa
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Valanda
This posting is right on time. I admit that I have been a freeloader and a DIY business owner. I now realize that in order to seriously grow my business I have to invest in it and take action. I am so very glad that you put into writing what I for one have been thinking. Thanks for taking the time to help all of us!
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Melissa Galt Reply:
Valanda,
My pleasure always and glad to have great timing. Look forward to learning of your progress now that you are going to step up and INVEST in your today and your tomorrow.
Hugs, Melissa
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Connie Koster
Thanks for another great article, Melissa. I love the way you always challenge us. And, I’m glad to see I’m not the only one who moves thru the various categories. It’s hard as a predominantly Type A personality to leave behind those DIY tendencies. Falling into the Freeloader category is easy when there are so many great ideas. But honestly, it sure feels great when you hit your stride in that Investor mode. Can’t wait for more info Thursday.
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Melissa Galt Reply:
Thanks Connie!
Yes, freeloader is easy but fast fills up the desktop shelfhelp! And for me, anyway, DIY is way over rated. I’m a delegator and investor and plan to keep it that way. Just a lot to choose from!
Hugs, Melissa
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Katrina
It was Sir Brian Wolfson, who stated: “Investment in equipment depreciates, while investment in people appreciates,” but we all find people, who are a drain on our resources. The free downloaders, who expect ongoing free uploads are a case in point. This one way street can invoke mistrust in investors, who may revert to a DIY mentality.
There is more we can accomplish by working in teams and it may be pleasant to invest more of our time in our passion if somebody else is holding the fort. By charging for our services we are accepting responsibility for supplying demand, rather than demanding other people to value our offering. We are right to expect growth from our investment if we take the time to find out what is wanted and invest our energy in catering for it.
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Melissa Galt Reply:
Well said Katrina!
I agree entirely and really enjoyed how you put this.
Hugs, Melissa
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Christina Rodriguez | The Diva's Home
I am a combination of #1 and #3 right now! I have to do a lot myself because I haven’t had much income and I changed my business completely. I finally listened to the advice that I knew all along: provide what your customer wants! As soon as I did that I found two customers! Put the advice you get into action!
Thanks Melissa for another great article! I appreciate you.
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Melissa Galt Reply:
Christina,
Congrats! That is awesome and betting easier and more fun than before. It will all happen, sooner than you realize.
Hugs, Melissa
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Agi Anderson
As mush as I want to be an Investor, truth be told I have am where I am because I have been both a DIY Master and as much as I hate to say, even a Freeloader. But as I approach 2011 I break the chains that bind me and I commit to being an Investor. I have a vision, I have talent and I now humble myself to admit I need some help. Show me the way.
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Melissa Galt Reply:
Agi,
And you recognize where you’ve been, know where you are, and have your sites set on where you want to be.
It’s all good!
Hugs, Melissa
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Enid Ballard
Hey Teena, You are an INVESTOR and that will always serve you in good stead. When it comes to delegating, ask your mentors for their resources. We are happy to share and often have gone through that painful curve of the wrong resources before finding the right ones. Hugs, Melissa
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jonkraftsmall
Thanks for info
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Melissa Galt Reply:
Always welcome!
Hugs, Melissa
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Cecilia
I’m at 2 & 3 stage. I’m running interior design & upcycling project company now. So far, i’m facing a lot of obstacle but at the mean time i can look for chances. Luck or opportunity would not wait for us. We need to create the result that we want. We think of something to sell. NOT sell hardly peoples’ product……..
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Melissa Galt Reply:
Cecilia,
Not sure what you mean by “not sell hardly people’s product?” I sell services and products from many other vendors as a designer, it is about how I put it all together that makes the difference.
Luck and opportunity are something we each create!
Hugs, Melissa
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Melissa Galt
Brendy,
YES, you can count on yourself.
Hugs,
Melissa
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