Andrew Griffiths Blog
Andrew Griffiths on Twitter Business Bullet Australia's #1 Business Author The Andrew Griffiths 101 Series The Me Myth One on One Business Coaching

Archive for the ‘Self Development’ Category

You really are never too old…

Tuesday, January 26th, 2010

In recent months I have been encountering more and more older (50+) people who are busy starting up their own business. There are lots of reasons for this, and if you read this article at USA today they attribute the trend to:

1. Corporate layoffs - clearly more relevant in the USA than Australia.

2. Shifting values - people wanting to take control of their lives and actually have a life instead of the corporate treadmill.

3. An ageing population.

4. Innovative technology - this makes it easier and often cheaper to start a new business.

5. Business skills - the 50+ market has a lot of skill in the business world.

I have so much admiration for people who leave the semi-secure corporate world to enter the somewhat erratic and insecure world of self employment. It is a big step and it really takes courage. But, the reality is that this is an excellent time to start a business as long as you can get past the worry and lack of financial security.

It is certainly easier to start a business these days. There are “soft” businesses like EBay which really holds little or no risk to the business owner. There are many franchises targeted at the older buyer, with the realisation that there is a big market for products and services to be sold within the Baby Boomer’s demographic. Who better to sell to them - other Baby Boomers.

And if you are a little more mature, and you think you are getting a little long in the tooth to start your career as an entrepreneur - rest assured many very successful business owners didn’t get started until they were over fifty.

Two of the most famous mature entrepreneurs feed the masses, but with slightly different food. Colonel Sanders of Kentucky Fried Chicken fame needs little introduction. Even though he had run his own diner he didn’t embark on his franchising and global expansion of KFC until he was sixty years old. In ten years he had over 600 franchisees.

Secondly is Louise Hay, who started a global publishing and new age movement after her fiftieth birthday. Drawing on her own life experiences, Louise realised that things had to change so in her own life and she documented the steps she took towards a better life.

As people noticed the profound changes in her, she realised that she was not alone and in fact, many people wanted to make similar changes. So she started to share her own journey and experiences with like minded people, to the point where Hay House publishing has produced millions of books, products and events around the world and many say, this company has done more to help people that any other company on the planet.

I think we are going to see an entire new entrepreneurial generation evolving in the next 20 years and I think it is going to be very impressive. Maturity, calm, financial resources, energy, time, a supportive network and wisdom are all significant contributors to running a successful business and the older entrepreneurs - or the Boompreneurs, have it all.

Self Empowerment Pledge - UPDATE

Saturday, January 9th, 2010

Further to my earlier post, the author of the “Self Empowerment Pledge” is a man by the name of Joe Tye. He is a specialist Values Coach based in the USA. Take a moment to have a look at his site. Joe has some great tools and advice that really resonate with my own beliefs. Clearly he is a smart operator with real integrity. Congratulations Joe and we hope to see you in Australia sometime soon.

Joe Tye Website

Self Empowerment Pledge

Saturday, January 9th, 2010

This is a very good presentation with some practical advice for making big changes in your life by committing only a few minutes a day. Surely it is worth a go?

What makes a great idea great?

Wednesday, December 31st, 2008

You may have already seen the following movie, it has after all been viewed over 37 million times. It says a lot to me, first and foremost the power of the message about spreading love. But it also shows that if you want to create something of substance in the modern world, word of mouth promotion, or word of mouse promotion as I prefer to call it, will spread the news far and wide.

To catch people’s attention you need to have something worth saying or worth selling, be different in some shape or form and be compelling enough for people to want to share your message with the people who are important in their lives, their family and friends.

To me, this is the key to creating an incredibly successful business today, but the big news is that this has always been the secret. Enjoy this wonderful video and give out plenty of hugs in 2009.

The business owners sixth sense – use it to grow your business.

Thursday, December 4th, 2008

So what is this business owners “sixth sense” I’m talking about? In simple terms it’s the ability to be able to tell instinctively that something is not right in your business, it is the ability to be able to sense that something is wrong with a proposed deal or the person sitting across the desk from you is saying something that just doesn’t ring true.

From my experience if it doesn’t feel right it probably isn’t – this is the business owner’s sixth sense and whilst I can’t fully explain how it works I have no doubt that it does. I have spoken about this concept with many business owners and entrepreneurs around the globe and most are acutely aware of their own “sixth sense” and the smartest ones have learnt how to use it to their advantage.

For example, I had a friend who owned a transport company. He walked around his yard every morning and he could get a feeling on how busy the business was. He did this every morning and he could accurately predict how the business was trading, simply based on what was happening in his yard. Of course if the yard was empty it was fair to assume that the business was busy, but what impressed me the most was how this man could tell when the trading figures put in front of him by his financial controller were wrong, simply by his gut feeling. And the vast majority of times he was right.

I see many examples of this business owner’s sixth sense every day. I also perceive it as yet another tool that business owners can use to grow their business and because of this, I tend to call it a marketing tool.

If we listen to our sixth sense it can help us to identify problems in our day to day operation such as customer service issues, marketing shortfalls and other internal business challenges that ultimately have a significant impact on a businesses success.

This business owner’s sixth sense is something that develops over time and it is just as relevant in our private life as it is in business. We need to learn to listen to this little voice at the back of our mind, to train it and to encourage it to come out when we need it. Any time I have ignored it, it has either cost me money or caused me grief, or both.

Have you ever been in a situation in your business that just doesn’t feel right but you ignore the nagging feeling and go ahead anyway only to find out that it was a bad decision? Well that tingling wasn’t your spider sense, it was your business sixth sense trying to get out and to be heard. It is a priceless tool that will help your life as an entrepreneur to be far more successful and enjoyable if you let it.

So whilst this may sound less than a scientific marketing concept, please believe me that it is just as valid as any of the most accepted marketing procedures.

I have been in business in one shape or form for well over 20 years and I know that in this time I have developed my business sixth sense and it has helped me to become a much better and more successful entrepreneur. As I get older I put far more credence on my sixth sense then ever before and I always try to make time when pondering a significant issue, to just think and listen to that voice inside. It is always time well spent.