Transcript
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You love what you do. You also love the idea of not doing it one day. But it's getting harder to know the best way to move into the future towards retirement. We hear about inflation, rate hikes, the changing market, gotta get the kids through college, build an emergency fund, and then there's retirement. Here's where Fidelity comes in. Fidelity can help you find clarity in saving for the future, even as your path and priorities evolve. How? Well, they'll help you create a free, personalized plan that adapts as your priorities change. They'll also show you what's called timely insights, small tips on ways to save and invest to help meet your goals. And you can monitor your plan so you stay on target. The future's coming and so is retirement. Fidelity can help you take it on your way. Learn more@fidelity.com future expenses charged by your investments and other costs and fees associated with trading or transacting in your account. Apply Fidelity Brokerage Services Member NYSE SIPC.
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Savings versus Comparable Verizon plans plus the cost of optional benefits, plan features and taxes and fees vary. Savings with three plus lines include third line free via monthly bill credits Credit Stop if you cancel any lines.
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Qualifying credit required if you feel stuck. If you feel like you're in the same place you've been a month ago, six months ago, even a year ago, this episode is you. Because most people don't fail because of lack of motivation. They fail because a lack of structure. Today I'm going to give you my Fast Action Framework. These are three practical ways to force yourself to take action even when you don't feel like it. These steps are simple and they're pretty powerful if you apply them and you'll start to feel momentum immediately. Let's get into it. Welcome Back to the $100 MBA Show. I'm your Olmar Zenholm where I deliver practical business lessons three times a week, Monday, Wednesday and Friday to help you start, grow and scale your business. I got a quick favor to ask if this show has helped you in any way. Leave me a quick review you could do so wherever you listen to podcasts. This helps me and my team reach even more people who need the same no fluff, practical business advice that you're getting from the show. It only Takes a few seconds, but it makes a huge difference. Thanks for being a part of our journey to help others on their journey. If you're feeling stuck, if you feel like you're not making any progress and you're starting to really disappoint yourself, then let's get going. Let's make this happen. Let's start with the first strategy in this framework, which is accountability overload. This is the fastest way to get unstuck, and that's why I start with this one. Accountability overload means you're stacking accountability so high that it becomes harder not not to act than to act. Let me say that again. You're gonna make it so hard for you not to act that you have no other choice but to act. Most people try to hold themselves accountable in isolation, and I'm telling you right now, if you're new to the game and you haven't made progress, this is not going to work. You are asking for trouble, you're asking for failure. You need several forms of accountability. So what does work? Well, we do things for other people that we won't do for ourselves. Our pride starts to kick in, our integrity starts to kick in. Worrying about our reputation starts to kick in. So you need to use that to your advantage. When you're getting started and you have no audience, you have no product, you have no revenue, you need to use everything to your advantage. You need to use anything that you have at your disposal. And accountability is one of those things. So here's how to create accountability overload. The first part is you have to have an accountability partner, somebody that you can check in with every single week. This could be another founder, somebody else who's building a business. This could be a friend that is rooting for you. This could be your spouse. But you need somebody that will put your feet to the fire and say, hey, you said you're going to do this this week. Did you get that done? By the way, you can buy yourself an accountability partner by just joining any kind of coaching program or online course. Usually there's a community aspect to it where you can be held account through your peers or with your peers. But you gotta ask for it. You gotta say, hey, I want somebody to hold me accountable who wants to be my accountability partner. The next level or the next stacking of accountability is telling your friends and family exactly what you're working on. Make it public to the people around you that, hey, you are building a business. You are creating a podcast, you're starting a channel on YouTube and the reason why you want to voice this is so that you feel like you need to follow through. So the next time you see them, the next time you hang out with them, they don't kind of, you know, ask you the question, how's it going? And you say, I haven't started yet. That is going to be in the back of your mind and you're going to kind of spring into action along with your buddy that's going to be holding you accountable. The next level accountability is share what you're committed to doing this week, not someday. What does this mean? Well, it means that with your accountability partner, with your friends and family, be specific. But like, hey, this week I'm going to launch my channel with my first video and put the COVID image on top of the channel, whatever it is. The point here is that you need to say, this is what I'm going to get done this week. That way it's specific and you know exactly what you have to do. But also that they can hold you accountable to that. Not, hey, you haven't had a million subscribers yet in a week. No, the goal for this week is xyz. The next level accountability is telling your audience what you're building and what you're launching. So if you have any audience, like on social media or on an email list, let your audience know. Let your subscribers know, hey, I'm launching a new product in April. This is what the product is. By just putting it out there, they know that they're expecting that from you. Okay? And you're going to feel accountable to the people that you said that to, right? You're going to feel like, hey, my integrity is at stake here. If I don't follow through. Now, if you want to really notch up the accountability, build in public, meaning share the progress you're making. When you make this announcement, say, hey, you know, it's January now, in April, I'm going to launch this product. You know, each week you can put an update in your email or in on social media, hey, I've made this progress. I've launched the site, I've made this progress with the product. This is what I'm working on next. And now working on the pricing tiers, whatever it might be. The point here is that by sharing more, you're holding yourself even more accountable to your audience. Now, this isn't private anymore. You created social pressure and that is not a weakness. It's leverage for you to make sure that you take action. If you struggle with follow through with actually taking the steps you need to actually make something happen. You don't rely on willpower. You just can't. You have to design in an environment so action becomes the easiest option. It's actually easier for you just to do the work than to feel really bashful and feel embarrassed in front of your audience, in front of your peers, in front of your friends and family. That is more painful than actually doing the work. See what we're doing here? We're actually making it more painful for you not to work and take action than to work and to make it happen.