Speeding to Wealth: Are you on the Slow Track or Fast Track Game of Business and Life?
In the article Speeding to Wealth: How to get on the Fast Track to Wealth, I spoke to you about how the American Dream and the game of business and life has changed. It is my belief that the following Dynamic Forces have changed the game. Depending upon how you perceive and respond to these Dynamic Forces, you will either stay on or be put on the Slow Track or Fast Track to Wealth.
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Speeding to Wealth: Are you on the Slow Track or Fast Track Game of Business and Life?
In the article Speeding to Wealth: How to get on the Fast Track to Wealth, I spoke to you about how the American Dream and the game of business and life has changed.
It is my belief that the following Dynamic Forces have changed the game. Depending upon how you perceive and respond to these Dynamic Forces, you will either stay on or be put on the Slow Track or Fast Track to Wealth.
Critical Dynamic Forces:
1. Speed
2. Internet
3. Time
4. Technology
5. Culture
6. Depreciation of the dollar
7. Overregulation
8. Cost of protection
9. Narcissism Self Indulgence and Instant Everything
10. Relativism
In the new Fast Track World, here are a few ways to see how these Dynamic Forces are combining to deliver powerful results:
1. People want to look better and feel better. When I attended a conference of natural ingredient suppliers, a spokeswoman from Airborne said her sales went from $8 million to $250 million when surveys said to focus on making the customer feel
better.
2. The Internet reflects various aspects and combinations of the Dynamic Forces:
a. The Internet brings together Dynamic Forces such as Speed, Time, Community, Collaboration, Visibility.
b. The Internet also is a vehicle for delivering instant communication, instant gratification, innumerable options, overwhelming amounts of information and a global marketplace.
c. An exchange of information that lowers prices; cuts out middlemen; allows for anyone to voice an opinion;
d. Alters traditional time and space relationships by operating 24/7 in cyberspace (non physical)
e. Ironically, its strength in seeking truth, real facts and democratization of thought is its weakness in creating an environment of invented identities that can cheat misrepresent or misinform. Amateurs masquerade as professionals and
experts.
f. Social Media such as Facebook and MySpace make the average Jane and Joe their own heroes. “It’s all about me.” “Look at me!”
g. Direct Marketing is King.
In the Fast Track World, the combination of innovative technology – such as mobile phones; IPODS, Iphones, nanotechnology, new software applications – creates an environment both of fierce global competition and endless innovation. Competitors become partners to guard and increase their turf.
Fast Track Insight: Buyers rule. Most things are in oversupply.
Fast Track Critical point: Without innovation and a unique message, most products and services will be reduced to commodities.
More Fast Track Observations:
1. Our culture has increasingly become more and more narcissistic.
2. There is a sense of entitlement.
3. There is over consumption and self indulgence.
4. Relativism rules. There is a denial of absolute universal principles and context that are universal and timeless. Relativism breeds promiscuity – an anything goes attitude. There is a lack of moral context.
5. Most people want benefits from the government which just keeps printing money to keep everyone happy – eroding hard earned wealth or the ability to create and keep wealth.
6. With an oversupply of attorneys and numerous vested interest groups, overregulation and complexity breeds higher and higher costs and greater and greater paranoia.
If you are finding that your investment business or career seems to be stalling and you can’t get to the next level, you will begin to see that as much as you may think you are in the game, you may not be.
What I am saying is you may be using Slow Track Thinking even though you have the latest technology and seem to be working at nano speed.
The key of Fast Track thinking is understanding and leveraging these Dynamic Forces in your favor. How many people do you know who look and speak the part but really have no substance?
Just buying all the bells and whistles does not get you there. Some business people are more humble – Gates, Buffet, Lynch – and some are more showy – Branson, Jobs, Trump. But, they all understand beneath the outer appearances that there are fundamentals used through out the ages to create wealth achievement and success in business and in life.
As the game changes, Fast Track Wealth Builders are able to adapt, to create, and to build wealth. They use their entrepreneurial resourcefulness to see opportunities in a constantly changing context, i.e., marketplace or environment. They build strategies to take advantage and leverage these opportunities.
To become a Fast Track Wealth Builder you need to understand the Entrepreneurial Mindset; the context, in which you are operating and the opportunities in which you can leverage to maximize your business.
Fast Track Wealth Tips:
1. Assess the Dynamic Forces I have enumerated and think of others. How many are affecting you positively and negatively?
2. Become a Dynamic Force Tracker. List other Dynamic Forces that are affecting you such as outsourcing; increasing energy prices; the rise of China and India; travel costs and delays.
3. Evaluate how each Dynamic Force can increase your wealth or decrease it.
4. Can you offset wealth - decreasing Forces?
5. Are there Dynamic Forces in your non business life affecting your wealth and your personal life?
6. What changes must you make right now or else grow poorer monetarily and as a person.
AskDestiny®.com is dedicated to identifying Dynamic Forces - the trends and patterns that can catapult you to the next level of achievement or success in any area of your life. AskDestiny®.com realizes some of your greatest challenges are self reflection, self analysis, self discipline and taking the right action.
Being on the Right Track, i.e., doing the right thing often takes effort. Even when you do the right thing, there is no guarantee you will be immediately rewarded.
So, your inner self, your core being, must be nourished and resilient to move ahead. You may be the only person who believes in what you are doing. You need to learn to follow your inner voice if you believe in what you are doing. In time, you will be seen as right or wrong and that “time” may not even be your lifetime. But, you will enjoy your life if you are congruent with whom you are and with the work you do.
A major goal is to develop an Entrepreneurial Mindset. The Entrepreneurial Mindset explores not only exterior opportunities but inner opportunities that lead to self confidence purpose meaning and happiness. Fast Track Wealth is entrepreneurial wealth in its broadest terms. It is the wealth of the total person and the total enterprise. Alignment with Entrepreneurial Thinking and the Dynamic Forces creates positive leverage and accelerates all forms of wealth in life and business.
For more content and FREE eBooks from AskDestiny visit:
www.askdestiny.com/blog
AskDestiny.com
AskDestinyr.com is dedicated to identifying Dynamic Forces - the trends and patterns that can catapult you to the next level of achievement or success in any area of your life. AskDestinyr.com realizes some of your greatest challenges are self reflection, self analysis, self discipline and taking the right action.
Being on the Right Track, i.e., doing the right thing often takes effort. Even when you do the right thing, there is no guarantee you will be immediately rewarded.
So, your inner self, your core being, must be nourished and resilient to move ahead. You may be the only person who believes in what you are doing. You need to learn to follow your inner voice if you believe in what you are doing. In time, you will be seen as right or wrong and that "time" may not even be your lifetime. But, you will enjoy your life if you are congruent with whom you are and with the work you do.
A major goal is to develop an Entrepreneurial Mindset. The Entrepreneurial Mindset explores not only exterior opportunities but inner opportunities that lead to self confidence purpose meaning and happiness. Fast Track Wealth is entrepreneurial wealth in its broadest terms. It is the wealth of the total person and the total enterprise. Alignment with Entrepreneurial Thinking and the Dynamic Forces creates positive leverage and accelerates all forms of wealth in life and business.
For more content and FREE eBooks from AskDestiny visit:
www.askdestiny.com/blog
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