Good Morning Team – Here are the Top 3 Reasons people give for Starting, Not Starting, and Quitting a business. How is it that the reasons for starting are the same reasons they give for quitting?
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)
What’s the underlying difference? Answer =
Emotion(s). We are emotional creatures first. The part of our brain responsible for emotions is deeper, bigger and stronger than our logical rational brain. Where do emotions come from? Our interpretations and perceptions. Which are based upon limited sensory input (5 senses) and what we’ve learned previously.
For Starting, Not starting, and Quitting the underlying emotion is Fear. Fear mixed with excitement or just fear.
It is well known that we are born with just one innate fear – abandonment, and 2 learned fears – loud noises and falling. All other fears we have are ones we’ve learned. And therefore they can be un-learned. And all “un-learning” comes from having new experiences which are preceded by new thoughts which resulted in new actions which resulted in new experiences.
Therefore, the only known antidote to fear is Action. And the way we move human beings to act is to ask questions that help them find their inspiration or motivation. This is our main tool as coaches, mentors, friends, parents – asking questions.
Example: We ask children “how will you be certain there’s no boogeyman in the dark corner of the room?” Answer = action = “by turning on the light”.
Business Example: We ask new sales reps, business associates WHY they must have more time, more money, more Life and THEN assist them to ACT = make first phone call, invite to a demo, invite to a webinar or business presentation = new experiences = new learning = FUN. Fun like the anticipation of riding a roller coaster and/or the fun of opening presents on Christmas morning or birthday.
Ultimately, people are motivated by either Inspiration or Desperation (emotions). They will DO more to avoid pain than they will to seek pleasure. And they will ACT upon emotions first, THEN they seek to justify or rationalize or their decision.
Tomorrow, your psychology degree and the waitress.
Live with Intention,
DrBill
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
