Good Morning Team – Here are the Top 3 reasons people Quit their business;
1. Don’t have enough time
2. Don’t have enough money
3. Spouse, Significant other, relative, or LIFE (Birth, Death, Illness, layoff, Move, other)
The #1 Reason people Quit…
Time – “takes time away from family, friends, hobbies”
The Truth is: If someone were to get another part time job in order to make more money – they would have to take time away from family, friends, hobbies. They would have to negotiate with family members for the time away, for someone else to do their chores, for the extra use of the car, for the extra expenses associated with clothing, travel related to the other job. And what’s worse is – the time away would not be flexible…they would not be able to say to their new boss – “I’ll be there right after I clean the garage, go to My kid’s game, take care of my sick cat, parent, etc…” So Yes absolutely you must have all those same negotiations when you decide to make the time to build your business. We all have the same 24hours in a day and the great thing is that when you have your own business – you get to decide the business time vs family time.
The #2 Reason people Quit…
Money – They say “can’t afford it” …in other words they fail to see any capital output as an investment in building their business.
The Truth is: Some businesses can be built for free. As an independent contractor – example – real estate agent for Remax – After your initial courses and license fees you’ll have no employees, no overhead, no inventory, no advertising expense. You simply build a network using the very best form of marketing – word of mouth. Another example; there are about a dozen solid, reputable network marketing companies you can start with. Insurance agent, Consultant, etc etc. Only Consistent, Persistent, hard work is required to build a business from the comfort and safety of your home. It’s called NetWORK Marketing.
The #3 reason people Quit…
LIFE – Negative spouse, friend, relative. Too old, too young. Birth, death, divorce, illness, injury, layoff, move, and other life events.
The Truth is: LIFE is WHY we do this business. The same events happen to all of us. Some people use the “events” or “stuff” of life as reasons, excuses to play small, shrink or pull back. Some people let their negative friends and family talk them out of their dreams and goals. You and I use the same “events” or “stuff” as fuel, reasons to expand, grow, excel, succeed, BE, DO and HAVE more. It’s always our choice because;
Life is WHY we do this business – because
“It’s NEVER what happens to you – it’s ALWAYS what you DO about it”
Tomorrow – How is it that the reasons for quitting are the same reasons they gave for starting?
Live With Intention,
Dr Bill
About Dr Bill Toth
Bill’s Background
I’m just an average guy who’s learned a few things about Life, Success and Personal Development – thanks to some incredibly good and bad experiences during the past 25+ years. I’ve made many mistakes and have learned to combine down to earth values with a unique ability to distill complex concepts into simple powerful strategies which can be immediately applied to produce measurable results. In short;
“I’ve traveled the territory, drawn a few maps and I’m happy to share them”
I do not consider myself to be an “expert” and my work is never presented as the definitive doctrine on how you should live your life or what it takes to be successful in your business. I am a work in progress and if you were to you join me on life’s journey by hiring me as your coach or partnering with us in business – our learning will very likely be a two way street. In fact, I expect it to be.
“What you know dies with you – what you DO leaves a legacy”
I was raised in upstate New York and eastern Pennsylvania. This rural upbringing is strongly reflected in my personal value hierarchy: Faith > Family > Friends > Fitness and Finance.
Education and a commitment to continuous improvement are next on the list. All these and more are strongly reflected in my coaching, teaching, writing and speaking.
While growing my private practice I also taught Orthopedics and Neurology at both the undergraduate and graduate level, produced a TV show on fitness, appeared on numerous radio and TV programs, authored numerous journal articles, chapters for medical texts, served as vice-president of my state medical association, and started a family. I have had the honor and privilege of consulting with and coaching a diverse population of people from royalty to prisoners, from children to CEO’s, from amateur to professional athletes from 41 countries and people of almost every race, creed, religious belief and nationality.
I am passionately committed to contribution and Living With Intention. Part of my philosophy is to think globally while acting locally. I am a very active member of my church, as well as several community organizations. After church, my favorite philanthropy is the Nourish the Children. I have also performed extensive volunteer work for both the Anthony Robbins Foundation, and the Make a Wish Foundation.
Why become an Entrepreneur?
I became an entrepreneur because after 5 years of Health Care Reform I found I was merely an employee of the various insurance company’s I was interacting with. I became painfully aware I was working more hours for less money and that what I was doing wasn’t working!
At the same time my beautiful daughter, Casey, was born. This was the first time in my life I started to think about my future, and of course hers. When children come into your life, your perspective changes from Firebirds and Ferrari’s to Gymnastics, music lessons, horseback riding and so forth. Suddenly, I had to think longterm – was what I was doing going to provide all the things that a father wants for his children?
In October of 1998 I started my entrepreneurial endeavors on a very part time basis. Less than 3 months later my New Year’s Resolution was to put my practices up for sale. In May of 1999 I sold them and began to work on my dreams and my fortune on a full time basis. From there, it took me a full five years to get to the point where I could do whatever I wanted to do. Along the way I wrote my first book: “Morning Moments”…as well as learning a few things about money, transitioning careers and happiness. I am happy to share what I know, in short again;
“I’ve traveled the territory, drawn a few maps and I’m happy to share them”
In summary; Transitioning careers was the hardest challenge I’ve ever taken up and it’s been the most rewarding! In so many ways, this is the very best personal development seminar I’ve ever taken because I met mySelf and my wife in the process…and every perceived adversity was worth it.
Today, with my wife Julie, we “get to” pay the gift forward by coaching, mentoring others through the same process. There is no greater pleasure than showing others how to earn their freedom and then observing what good they do with it.
Life Will Never Be The Same
