6 More Inspiring Business Lessons for Small Company Owners

By Dr. John Demartini

In last month’s edition of Small Business Today magazine Dr John Demartini gave you six inspiring business lessons for small company owners. Here are six more.

Prosperity and Austerity

Business often occurs in cycles. In times of perceived prosperity, you’ll probably feel elated, optimistic and complacent and you’ll tend to lax and begin focusing on lower priorities. You’ll commonly stop doing the very actions that brought you prosperity and the demand for your product or time can drop off while your supply can go up. In times of perceived austerity, you’ll probably feel depressed, pessimistic, and impatient. But, then you’ll probably become creative, go back to the basics and act purposefully once again. As your demand goes back up and your supply goes down, you will probably return to the prosperity side of the cycle. It’s a circle and money dips are an essential part of it until you develop a moderating discipline. So it is wise to embrace the cycle, the ups and the downs, but moderate them. When you start to feel prosperous and elated, or austere and down that’s the time to remain prioritized and focused.

Self-mastery Check List?

Ira Hayes was an authority on the laws of success. He was a genius who probably had as much effect on North America as Norman Vincent Peale. Every time he discovered a powerful and effective business idea that truly worked he wrote it down. He carried the original list with him wherever he went and updated and read it daily. I learned from Ira and created what I call a “Did I?” form which is a daily self-mastery checklist. Every time I discover something that helps my business grow I add it to the list and now I review that list at the end of each day.

“Did I?” Form

Did I read my inspiring visions or goals today?

Did I list and prioritize my daily actions today?

Did I act on my priority actions today?

Did I communicate in terms of people’s values today?

Did I save, grow and accelerate my wealth today?

Did I refine my speaking and presentation skills today?

Did I study the subjects I would love to master

Did I inspire someone or many to live their dreams more fully today?

Did I reward myself for my accomplishments today?

Did I count my blessings and focus on being thankful today?

Did I write at least one thank-you letter today?

Feedback

Make sure you request feedback about your products and services. Why? To keep refining and evolving what you do and how you do it. Not every suggestion will be of the greatest value but by being receptive and selective you can receive tremendous feedback.

Work and Play

During your business career, you’ll experience moments of work and play, seriousness and humor, tragedy and comedy. If you’re wise, you’ll embrace them all equally, for each side of the pair will help you remain centered and focused. If you make your business too serious, either some employee will try to create fun to provide the balance or they will feel urges to take time off and get away to express the playful side of their nature. Put work and play together and you and your employees will be more integrated, energetic and inspired. The purpose of life is life and it requires two sides to be complete.

Put Your Heart in It

When you truly appreciate and value where you are and what products or services you have to offer, so will others. Whatever you think about and focus on with inspiration is what you attract into your life. Clear away anything that’s in the way of your grateful inspiration. How can an appreciative and inspired life do anything but bring you more wealth and closer to appreciation? It’s a basic law of business. Until your innermost dominant thought is your clients, don’t expect their innermost dominant thought to be your business. When they are on your mind, you are on their mind.