Your biggest asset under any circumstances is the ability to see the “multipliers” in your life.
The world is full of people, technologies, ideas, and many other resources available to all of us, that can enhance our capabilities and enable us to accomplish far more than we could by ourselves. We can refer to these factors as “multipliers”. The most successful people in any situation are the ones who can recognize and identify the multipliers in front of them.
The masters of multipliers
These entrepreneurs have learned how to multiply their best assets and capabilities. They have teams that support them and multiply the impact of their ideas and leaderships. They use technology to provide exponentially greater value for themselves as well as people. They’re remarkably ability to identify, and capitalize on new and emerging trends and opportunities.
Setbacks, like the downturn in the economy don’t throw them off their game for long because they’re able to see ways around it because they’re always seeking out new multipliers to replace the ones that inevitably disappear. And these multipliers are applied not just to their businesses, making them more productive and profitable, but also to the lives of their associates and clients, giving them new direction, focus, confidence, and capability that they can’t get from anywhere else or competitors.
Achieving the Multiplier Mindset
Top-performing, growth-focused entrepreneurs have what is referred to as, “The Multiplier Mindset,” and because of their ingenuity and constant search for new and better, they’re able to capture opportunities when others fail to even see them. The good news is that anyone with a desire to succeed can develop this mindset and enjoy the benefits, and those who do, quickly begin to realize that there is an endless supply of multipliers in the world if they know how to look for them. When it feels like you’re standing still or even moving backwards in terms of your progress, you’re probably feeling the loss of certain multipliers you used to take for granted. Focusing on finding or developing new multipliers will get you back on track toward new goals and new growth. To strengthen your own Multiplier Mindset, a good place to start is with what you can control in any situation: your attention, your creativity, and your activities.
A few multiplier strategies aimed at entrepreneurs, anyone can apply them:
Focus on vision.
When things in the world change dramatically, as they have in the last few years, those with a clear, well-articulated vision will have a distinct advantage. Vision, especially a vision for assisting others and is bigger than yourself, has a way of drawing the most powerful talent and resources to you and igniting the passion of like-minded individuals to contribute to the cause and make it an entrepreneurial reality. Your ability to take advantage of the endless multipliers through technology, systems, structures, and relationships are dependent on you having a clear understanding of yourself and your future right now. Progress depends on always being able to see the bigger picture in any situation. When you know where you’re trying to go, you begin to find and see the multipliers that will enable you to get there.
Focus on free time.
We all need time out, if nothing more than to clear our heads, time away from our daily actions-related thinking and activity we consider essential to productivity. However, decades of experience with entrepreneurs from over sixty industries has shown that entrepreneurs are at their most creative and productive when they’ve had real time away. Taking free time allows you to recharge your mental batteries and approach your network of daily actions with renewed ingenuity on your return.
Focus on relationships.
The Pareto Principle suggests that 20% of people will produce 80% of the results. You probably have a few of the 20% in your life or network whom you would like to clone: the ones who love what you have to offer, and are generally a pleasure to deal with. On the other hand, difficult relationships can take up a disproportionate amount of time and take you away from the actions and activities that will increase your income or resources.
The best opportunities for growth lie in focusing on those who appreciate what you do and are willing to work with you. Searching for creative ways to strengthen these relationships and create new value within them using your unique wisdom and capabilities can help you multiply the opportunities for your life and business.
Focus on your strengths and delegate weaknesses.
Many people will tell you that the secret to success in life is to identify those things you don’t do well and try to get better at them. The most successful entrepreneurs focus on their strengths and delegate everything they’re not naturally good at to someone who has talent and passion in that area. Your strengths provide you with the greatest opportunities to excel. If you want to multiply your result exponentially, put your time and energy into getting even better at what you do best, and let the rewards that quickly follow pay for the help you need to do everything else.
Focus on capabilities and multiply confidence.
If there’s one thing everyone desires, it’s to be more capable. When people feel capable they feel confident. When they feel confident, more is possible. In fact, confidence is the foundation for all other abilities. When you’re confident, you can accomplish exceptional things. When you lack confidence, it’s much harder to put your capabilities to work effectively.
Dare to have a Multiplier Mindset.
It’s audacious to think that nothing can stop you, and that you will always be able to make your future bigger than your past. No matter where you find yourself, or what’s going on around you, nothing can take away your ability to utilize a Multiplier Mindset – to identify and capture opportunities to multiply yourself, your results, and your contributions to others.