How to Think Like a Million Dollar Business Owner

Whenever I go to events run by people who have the level of success I aspire to have, I make a point of modeling their mindset, because I know that’s where it all starts.

Have you ever wondered how a Million Dollar passion-inspired Solopreneur thinks?

What beliefs they hold that have taken them to this level of success?

There are three key mindset aspects I took away from spending time with my Million Dollar Mentor and I want to share them with you here:

1. When making decisions, act from where you want to be, not where you are now

Say you want to create a 200,000 a year income business based on your passion (which by the way is a great goal to have, it’s a real point of momentum), then as an entrepreneur who has already achieved that,

1. What activities do you focus on?
2. What is your perspective when making decisions, what are you looking to achieve?
3. What do you need to let go of?

This is a really powerful concept and can move you forward big time.

Here is an insight into what that could mean for you: Most people who are aspiring to this income level need to let go of their focus on getting out to meet the next client and moving towards getting out to meet the next Joint Venture partner. Big shift in perspective!

2. Set your income high enough so you need to get things done differently

This was a big one for me. I realized that my income goals for next year needed to increase so I was forced to change the way I work and really step up and out of my comfort zone. If you don’t set a goal that is realistic but a real stretch, then you might cheat yourself by simply doing more of the same, which invariably gets you to get stuck.

Moving up the income ladder means letting go of your current work practices, adopting new ones and stepping into a new way of operating.

3. Plan further ahead, don’t start anything unless you can get at least 2 more streams of income out of it

Have you ever launched a new program, put lots of work into it, made money from it and then asked yourself, now what?

Every program you launch should seamlessly lead into a follow up of at least 2 other streams of income. You are robbing yourself of extra income if you don’t and you are robbing your clients of the opportunity to further benefit from your services.

How long is your planning horizon for your business? 12 months is a real minimum and the higher your income goals, the further out you need to plan. Knowing how to integrate different programs is a real essential skill for your 6 figure income success!

I personally love modeling people who are ahead of me without being at a Quantum Leap from where I am so I can see very clearly how I can get myself to the next level. It makes it very real and gives me the confidence to say, if they can do it, I can do it too!