It was not long ago that the formula for success was go to school and get a good job with great benefits. Once you completed those steps you could basically put your life on auto-pilot and be set.
Today those rules no longer apply. Having a good job is about as secure as having a good used car. It might be reliable for the first couple of years but then things start to break down. Like the job market is breaking down with downsizing, layoffs, and many company’s closing their doors completely or picking up shop to go to another country.
This seems like bad news but it is better defined as new rules. The new rules include an entirely different formula than the go to school and get a good job formula.
So what is the Formula for success in today’s economy?
It is a very simple formula but I will warn you that it does not involve putting your life on auto-pilot…………
The New Economy’s Formula is:
New Skills= More Value= Increased Income Potential
In today’s “new economy” as more and more people are finding themselves without a job, more are looking to start a business. Other people looking are just tired of not having any control of their lives in an uncertain job market. Most that are looking want to start a business they can run from the comfort of their own home utilizing the internet.
To start any new business it is critical to learn new skills. Simply committing to this will invariably increase your value to the marketplace. As you increase your value and provide it to the marketplace your increased income potential grows.
But let’s be real here, the thought of learning new skills can be daunting. It can be downright scary for people who have not been actively learning for years or in some cases decades. The process of gaining new skills is full of ups and downs as well. It is critical to celebrate every small victory as you learn and apply! This will provide you with the staying power to keep you excited and motivated to keep plowing ahead.
Another little secret about gaining new skills is that they never produce results as fast as you think they should. When you apply each new technique it always takes longer to work than you think it should. Accept that fact and run with it! Persistence and tweaking are key. Hold on to these two skills and you will achieve great things!
As you are on your journey of gaining new skills do not forget the more value part of the equation. Pass this value into the world and you will attract the people you desire to you and your business. Leverage your new value and position yourself as a leader. Most people are looking for a leader to help them on their way. Be that person and you will experience great success in the new economy!
Last note for you to remember in this equation is that everyone has their own time-line. Do not compare yourself to anyone. If you must compare yourself to something compare your progress and growth from one week to another. If you embrace this new economy formula you will be shocked at how many doors will open for you!
To your continued success!
Mary Thayer
Speaking of new skills I invite you to a free webinar held every Monday night for learning new skills in Free online lead generation. This webinar will be hosted by a hand selected industry top income earner. It will provide you with concrete action steps to implement the skills immediately following the webinar. Get access Here. (Because this information is in high demand the webinar is routinely packed (all 1,000 seats) so register early to secure your place!)
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14 Comments on The New Economy’s Simple Formula For Financial Success
14 Comments
Great points Mary! It is daunting to start off in a new direction, especially after establishing yourself in a traditional j-o-b but certainly has its potential to be most rewarding.
As Jim Rohn would ask, would you rather work full time making a living or part time making a fortune? In an industry such as network marketing someone CAN start out part time and build a business which will take care of them the rest of their lives. They just have to be willing to invest that extra time to do it, but at least it is on their own terms!
Thanks for the great content, have an awesome day!
Vicki
Vicki Berry´s last blog ..You Are Already Programming Your Mind – Let it Be for Success
Hi Mary!
Thanks for sharing your article with me today…I really appreciate it.
Yep, long gone are the days of working for a company ‘forever’, a gold watch, a pension & retirement.
TGFTI…Thank God For The Internet, when one uses it productively with good intent.
Have a pleasant day…your tribal friend Steven Suchar
Steven Suchar´s last blog ..Are Your Tweets Being Retweeted?
Mary, great article. This morning on NPR’s Mid-Morning there was a great discussion relating to the new rules, as you say, for this economy. The focus was on high school graduates and the pressure to attend college. It was very interesting to hear what the general public had to say with their own experiences.
Paige
Hello Vicki,
Yes it is a whole different world on the entrepreneurial side! But a great different that makes you psychologically unemployable!
Thanks for stopping by!
Mary
Steven,
I love that you mention the gold watch. It was good times for many who received their gold watches but those times have passed us by! I agree on TGFTI it has brought many great things to our everyday lives but has especially helped the entrepreneur!
Mary
Hello Paige,
Thanks for stopping by. Yes the news is covering this new age a lot more these days!
Mary
Hi Mary,
Great post as usual. In this new economy, people need to be better equipped with new skills in order to increase their value in the marketplace and make a living.
Thanks for sharing.
To Your Success,
Mavis Nong
Mavis Nong´s last blog ..Mavis Nong Shares Motivational Quotes – Get Inspired!
Awesome info Mary. Thank you for taking the time to share your knowledge with us. Ghyslain
Mary, Great insight to the simple formula to the straight line towards success – new skills, continuing education, perseverance, goals…..
Hi Mary,
Great post!
It is interesting how many people I have met recently who are not involved at all with Internet business who have also realized how huge the global shift taking place right now is.
Mary, yes we do live in very different times. Developing new skill sets is something we all need to do. What better way to apply this than in our own MLM businesses. As RN’s you and I know the value of an education, but it doesn’t always have to take place in a university. Compare the cost of a bachelor’s education to a $197 marketing product that potentially could take your business to the next level. Once you leave your employee-mentality and take on an entrepreneur mindset, the world literally open up to you.
Thanks Mary!
~Renee
Hi Mary,
I really enjoyed your post. You make several great
points and I have to agree with you as a fellow online
entrepreneur. As home business owners we are unique.
How many people have you talked to you and said “NO”, they
are happy with their job.
There are many people like that, so we take the time out of our lives to make a better living for ourselves. We don’t know what tomorrow will be like, though we are always striving for the best.
Thanks for the continued value!
Have a great weekend!
Tommy D.
Tommy DiPietro´s last blog ..As A Network Marketer, If It’s For Free, It’s Not Always For Me
Hi Mary!!
This is a great post. I totally agree that our world has totally changed. It’s a shame that the average person doesn’t understand the need to diversify their skill set. A skill set that allows you to take on more opportunities makes a difference in how you design your future.
Thanks for connecting! I’m looking forward to seeing more of you.
Mark
Mark Gubuan´s last blog ..Network Marketers Beware – MLM Launch Formula is Here
of course, I commented on this great content back in BN… THEN clicked on your blog to find it here.
One thing I could say here, too – I believe one of the things we can educate people with is what it takes to pioneer this new economy.
Coincide with what this industry has been saying for years – associate with people’s dreams and goals … this is how we enhance their lives and fuel the fire of desire.
Paul Klaszus´s last blog ..Practice Holding your Vision
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