Ideas from the Million Dollar Club

Ideas from the Million Dollar Club

I began the Million Dollar Consulting® Million Dollar Club five years ago. A maximum of ten company owners of consulting practices, with spouses, meet for three mornings in exotic places to share ideas, techniques, philosophy, and innovation. We also ensure that world-class meals, recreation, and education are included. We’ve met in Naples (FL) when a hurricane destroyed our hotel in Nevis, St. Lucia, Bora Bora, Stresa, and Monte Carlo. Next year’s meeting is in Hong Kong.

Here are some ideas in two areas from one of our meetings that I hope can be of help to you:

Ideas from the Million Dollar Club

Here are some quick suggestions I’ve captured in two areas from discussions at the Million Dollar Club that may be helpful to my readers:

On Life Balance:

• Don’t be afraid to ask for help.

• Allow yourself to be vulnerable.

• Enable your clients to do the delivery instead of you.

• Accept help that’s offered.

• Learn to say “No” to requests for your time.

• Schedule all your vacations first and then plan around them.

• Manage your energy, not your time.

• Treat yourself like a million-dollar athlete: training and rest.

• Maintain physical fitness and mental fitness.

• Try new things without objection.

• Refuse to attend full-day meetings.

• Establish a favorable rhythm for your day.

• Associate certain activities with relaxation.

• Stop feeling guilty.

• “Close down” at certain intervals and enjoy the quiet.

• Live “juicy”—squeeze all you can out of life.

• Don’t waste energy worrying.

• Schedule carefully to your benefit, not others’ benefit.

• Maximize your delegation.

• Discard the unneeded.

• Do less, don’t crowd a day.

• Do not create “to do” lists.

• Do it or forget it.

• Limit time on tasks (when you’re 80% ready, move).

• Practice healthy selfishness. You can’t help others unless you help yourself.

Takeaways from the meeting:

• Business is simple, and we need to keep it simplified.

• There is unlimited “headroom” within clients to leverage your value.

• Focus on what you need to do with yourself, not your business.

• Reframe the focus of your results, don’t be afraid of such transitions.

• Business challenges are shared—we don’t have unique difficulties.

• “Retail” opportunities are there for me, as well as corporate ones.

• Talk about things others aren’t talking about, and talk dramatically.

• Your time is your time, don’t just give it away to others.

• Need to “polish” your brands to maximize their value to key prospects.

• Stop polishing shiny objects!

• Act like a success.

• Increase leverage wherever possible.

• Stop thinking so hard and judging so much.

• Build on strengths provocatively and aggressively.

• Build cash reserves to lower fear and create security.

• Only person in your way is you—don’t allow fear to paralyze you.

• Kindness and generosity toward others is always possible.

• There is a renewed appreciation of “community.”

• There is a growth in sharing and enjoying each other’s success.

© Alan Weiss 2012. All rights reserved.