Episode 89: Expanding Your Money Mindset with Michelle Nedelec

'There is absolutely a difference between an employee mindset and the mindset required for an entrepreneurial role.' -Michelle Nedelec Click To Tweet

Michelle Nedelec the founder and owner of Success Therapy and the author of Business Ownership Mindset is here to talk about fostering and developing a true entrepreneurial mindset.

Too many entrepreneurs start a business, but still have that employee mindset. We talk about the differences in mindsets for employees, entrepreneurs, and business owners. Running a business is not the same as buying a job. Michelle gives advice for removing yourself from your business and thinking like an owner instead of an employee.

You can find Michelle here:

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Success Therapy

'There is a different way of thinking that needs to be embraced in order to take on staff, take on business, and step out of the business in order to run it.' -Michelle Nedelec Click To Tweet

Show Notes

[01:28] Michelle’s book is called the Business Ownership Mindset, because a business owner’s mindset needs to be completely different than an employee mindset.
[02:20] How many entrepreneurs still do not have the business ownership mindset.
[02:55] The first mistake a lot of people make is checking their email first thing hoping that a client has put in an order. They are looking for direction from someone else. Which is completely the wrong way to look at business.
[04:04] How business owners need to be the ones running the show. They have to figure out what they want and then tell the team how to get it done.
[04:10] It’s a completely different way of looking at things and business owners and leaders have to be able to do that.
[04:21] Michelle focuses on the concepts that need to be owned as an entrepreneur first and then a business owner. You have to have an entrepreneurial mindset first.
[05:00] When you really understand how to take the focus of control internally and start directing what is going on in your business.
[06:01] The success therapy process which helps people get to the root cause of why they do what they do.
[06:15] The three ways we change our beliefs include reason, repetition, and emotional charge.
[06:38] It doesn’t take 21 days to form a new habit. The more emotionally involved you are the faster you will change.
[06:57] Seeing how people who already have the millionaire mindset operate can help you develop that same mindset.
[07:06] These people aren’t afraid of what other people think of them. They’re not afraid of making the tough choices and they have internal control.
[07:34] If someone else is making you angry, then you are giving them control. Once you take control of things then you can do something about it.
[09:04] When you have resistance towards something you are rejecting the part of you that could be good at that.
[10:55] The line of knowing when to hire versus when you should be doing it yourself. If you have a lot of resistance towards something, you should probably learn how to do it. You can hire someone but understand what they’re doing and how they do it.
[12:01] If your company is running effectively without you in it, you have probably learned the business mindset.
[13:02] Plan what you want your day to look like first thing in the morning.
[14:00] Look at areas of your business that cause anxiety and decide what action you can take right now to improve that.
[14:38] You can find business ownership mindset on Amazon. Michelle wrote the book by having an interview with a friend and transcribing it. She wanted to get it out of her head, because it was occupying mental space.
[16:33] By getting your book out of you more content will come to you.
[16:37] Michelle also wants to write a book about strategic building or how to think strategically. Too many entrepreneurs think tactically and don’t have a overall big picture strategy.
[17:16] She also wants to write about systematizing a business.
[18:10] How important it is to design an organizational chart of your business without you in it.

'A business owner has to be the one running the show. They have to figure out what they want and then tell the team how to get it done.' -Michelle Nedelec Click To Tweet

Links and Resources:

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Free Think & Grow Rich For Women book excerpt

My good friend Sharon Lechter is releasing a new book, “Think and Grow Rich for Women” later this year…I can’t wait for you to get your hands on it! You can get more info on the book here: www.thinkandgrowrichforwomen.com.

For those who have read the American classic “Think and Grow Rich” by Napoleon Hill…this is the sequel to that – for women. Yes, us women! I’m so excited to get my copy when it’s published later this year…

Sharon sent me a quick excerpt that she wanted me to give to you…you can read it below.

Chapter: Burning Desire

Sharon Lechter has once again teamed up with the Napoleon Hill Foundation on a new book titled Think and Grow Rich for Women. In the book, Sharon addresses each of Napoleon Hill’s 13 success principles from a female perspective and she shares the following wisdom on BURNING DESIRE:

You may be asking yourself, “Do I have a burning desire?” Different than a simple want for something, a burning desire may feel like a need to do something or accomplish something. It starts out as an idea or realization and grows to become a driving force behind your everyday actions. It is guided by your personal values and infiltrates your decision-making processes. In your dreams, expectations or yourself and your life, as well as your passions, you will most likely find your BURNING DESIRE!

You may instantly be reminded of a goal you have had for a while. It could be a personal, business, financial, physical, or spiritual goal. If you have not yet to achieve the goal, ask yourself why. Is it possible that this goal has NOT been backed with the burning desire you need to reach it successfully?

Now, turn the tables. Think of a time when someone has described you with the following terms: Passionate. Driven. Purposeful. Focused. Committed. Determined. Motivated. Single-minded. Compelled Doggedly in pursuit. Devoted. Consumed with obsession. Pledged. Steadfast. Unswerving. Staunch. Dedicated. Headstrong.

More than likely, you were in pursuit of something for which you had a true burning desire.

When you combine a definite goal with a burning desire to achieve that goal, it will provide you with the necessary fuel (motivation, drive, stamina) to create and execute a plan that will allow you to realize that goal successfully.

To learn the 6 steps to turn BURNING DESIRE into wealth, visit www.thinkandgrowrichforwomen.com and pre-order Think and Grow Rich for Women. With your pre-order, you receive Sharon’s free bonuses- tools you can begin to use today to create the life you deserve!

Chapter: Decision

The following excerpt is a sneak peak of Think and Grow Rich for Women, by Sharon Lechter. In the book, Sharon shares wisdom on DECISION- one of Napoleon Hill’s original success principles.

Have you ever procrastinated? Put something off until some point in the future? Waited until the last minute to do something, then squeezed it in just before the deadline?

Do you ever justify delaying a project, saying to yourself that you work well under pressure, so it will all work out?

Hill defines PROCRASTINATION as the opposite of DECISION and as the common enemy that we all must face in our quest for success.

His study of success people, who had accumulated fortunes, showed that “every one of them had the habit of REACHING DECISIONS PROMTLY, and of changing these decisions SLOWLY if and when they were changed.” Conversely, “People who fail to accumulate money, without exception have the habit of reaching decisions, IF AT ALL, very slowly, and of changing these decisions quickly and often.”

When you combine your DEFINITE PURPOSE with your BURNING DESIRE, you can more easily reach decisions promptly and are much less likely to procrastinate. If, however, you are easily influenced by the opinions of others, it will impact your ability to reach a decision.

For tips on implementing DECISION and eliminating the habit of PROCRASTINATION in your life, visit www.thinkandgrowrichforwomen.com to pre-order your book! With your pre-order, you receive Sharon’s free bonuses- tools you can begin to use today to create the life you deserve!

Chapter: Persistence

The following excerpt from Think and Grow Rich for Women shares wisdom on PERSISTENCE- one of Napoleon Hill’s original success principles and is a sneak peak of Sharon Lechter’s new book!

There you are, so close to your goal or feeling the fire within to start something new- and a wall rises in front of you. How will you scale and overcome the wall?

You get unexpected news. Life changes immediately and you cannot begin to imagine how it will turn out. How do you make in through the uncertainty?

You have been working so long. You feed your passion with action and have faith that your determination to continue will one day be rewarded. How do you trek on down what seems like an endless road?

If you have ever found the light at the end of the tunnel, have ever faced down fear and been the victor, or have ever answered doubt and criticism with achievement, you already have the answer inside you. PERSISTENCE is the key to successfully batting obstacles back that life catapults in your way. This is the weapon that causes enemies such as fear, doubt, and negativity to crumble.

Hill observed in his study and synthesis of the philosophy of achievement: “Will power and desire, when properly combined, make it an irresistible pair.”

For steps to train yourself to employ PERSISTENCE, pre-order Think and Grow Rich for Women today at www.thinkandgrowrichforwomen.com. With your pre-order, you receive Sharon’s free bonuses- tools you can begin to use today to create the life you deserve!

Chapter- Autosuggestion

The following is a sneak peak of Sharon Lechter’s new book with the Napoleon Hill Foundation, Think and Grow Rich for Women.

Most of us have somehow engaged in the use of self-talk, not realizing the role it has in our mind-set as well as our subconscious. Just as these moments of constructive (or sometimes destructive) self feedback can magnify feelings of accomplishment or inadequacy, AUTOSUGGESTION can directly influence our level of success and, more important, our belief it its possibility.

The term AUTOSUGGESTION often brings reactions from people that clearly demonstrate it is a misunderstood term. Many people immediately think it is New Age or relates to hypnotists performing on stage. Others believe it is somehow anti-Christian or non-religious. Let’s set the record straight.

According to the Merriam-Webster’s Collegiate Dictionary, AUTOSUGGESTION is, “an influencing of one’s own attitudes, behavior or physical condition by mental processes other than conscious thought.” This type of self-hypnosis had its first known use in 1980, well before the New Age movement.

We each have the ability to consciously change our circumstances by intentionally concentrating on positive actions and thoughts, which in turn influences our subconscious mind to follow suit. This happens by focusing on achieving positive outcomes in our life, both what we WANT to receive, as well as what we are willing to give in exchange for receiving it.

For methods on utilizing AUTOSUGGETION in your life pre-order Think and Grow Rich for Women today at www.thinkandgrowrichforwomen.com. With your pre-order, you receive Sharon’s free bonuses- tools you can begin to use today to create the life you deserve!

Loral Appears on “The Street”

This week, Loral Langemeier appeared on “The Street.” For those of you who missed it, we have it right here for you! Here are some of the highlights.

Do What You Are Good At: In order to make more cash now, you need to identify those 5 things that you do really well that will allow you to make lots of money and delegate the rest. Too many people spend too much time doing what they don’t want to do or what they don’t have to do. Are you?

Service-Based Businesses are Booming: No overhead, fast cash, based on your gifts – there is no quicker way to make money than with a service based business. Find out which ones are seeing HUGE growth.

Real Estate is still Hot, Hot, Hot: If you haven’t noticed, half of America is on a massive garage sale right now. Land, commercial properties, residential, it’s all on sale for less than it’s worth. If you are on the buying side, now is your time.

Small Businesses are the Ones Hiring Americans Back: Small businesses and entrepreneurship is the way to go. Not only are you less likely to be standing in that unemployment line, you are more likely to be able to hire help and improve this country’s unemployment situation. Take your skills and learn to make some money.

This interview is one you CAN NOT miss!

Wild, Wonderful, BIG Life

As I sit here in New York, soaking in the good vibes all around me and the recent news about the #1 status of “Yes! Energy: The Equation to Do Less, Make More,” I have to reflect on what a wild, wonderful, BIG life I have had and thank YOU for being a part of it. A big, big, big part of success is surrounding yourself with people who have the same high energy as you and I feel that every member of this Live Out Loud Community is bubbling over with energy right now. You are posting reviews of the book on Amazon.com and other sites. You are spreading Yes! Energy to everyone you know (and even people you don’t). YOU have brought this movement to life. YOU are the reason that this massive, 10 ton gorilla of a message is spreading like wildfire.

What are your intentions for your life? When I started writing this book, my intention was always to be a bestseller. I put it out there. I have had books that have been bestsellers before (four times before in fact) but this one is really special because I am seeing the ripple effect of it throughout the world. I saw it as soon as we started pre-selling the book and I am seeing it now in book stores. It’s that light in people’s eyes… that acknowledgement that they are holding some special ideas in their hands and their excitement to start consuming those ideas.

What is your project? What project do YOU have that is going to light up the world? I know you have one. I know you do and I know you have what it takes to make it a reality and live that wild, wonderful, BIG life you deserve. Whatever it is, go after it. Go, go, go and don’t let anyone stop you from achieving your EVERY dream. Because I will tell you, the only person who can stop you in this world is YOU, no one else.

Go out and LIVE with Yes! Energy. Today and every day is YOUR day!

And thank you again for helping make this game changer a bestseller. New York Times list – here we come!

Yes! Energy Hits Amazon and Barnes and Noble #1

Today is the day! Yes! Energy has been released upon the world and what do we wake up to? #1 on Barnes and Noble! YES!

Intention is a wonderful thing. If you put the right intention in the world and take action upon that intention, you WILL see results. Things will happen in your life for the better. This is just one snippet of evidence of that. There’s a lot of evidence of this in Loral’s life, which is why you need to pick up the book. It’s a very personal account of the times when she has needed Yes! Energy the most, the people she has encountered and clear, concrete, examples on how you can activate Yes! Energy in YOUR life to life the biggest, best, life possible.

Loral is in New York today on her media tour (she was on “The Street” this morning) and then she is appearing at the Connecting to Greatness MeetUp. The pre-sale deadline just passed, but you can get your tickets at the door still for $20. Come toast to the success of Yes! Energy! It’s going to be QUITE the event!

More updates to come throughout the day as we get results back.

Amazon – You are NEXT!

UPDATE: Day 1 we were #3 on Amazon and day 2 we are now #1!

Thank you!!!!!

Meet Loral in New York

So we were on the phone with Loral the other night (she just go, go, goes and we are right there with her) and she had the greatest idea!

“While I am in New York doing 3 Days 2 Cash and my Yes! Energy book tour, why don’t I stop in and have a toast with some of the people who have supported me and the book this whole time?”

LOVE IT! You need to be there!

Visions of entrepreneurs toasting, meeting Loral, getting their books signed, photo opportunities, all that fun surrounded by Yes! Energy just swirled in our heads (like all good ideas do, it inspired us) and we knew just how to make it all happen – MeetUp.com!

We want to make sure our community members are there, but we also want to introduce Loral to NEW people. “Yes! Energy: The Equation to Do Less, Make More” is hitting stores on February 21. Loral will be in New York the week of the 20th.

The timing is perfect!

So this is where you come in. We want you THERE!

Check it out!

We’ll see you there!

The Live Out Loud Team

New York Events

February 21: Camp out at your local bookstore! “Yes! Energy: The Equation to Do Less, Make More” Releases!

February 21: New York Meetup! REGISTER NOW!

February 23 – 25: Three Days 2 Cash NY/NJ

That’s Yes! Energy – Thank You!

Video Transcript:

Here we are in August and my new book Yes! Energy, The Equation To Do Less Make More, doesn’t launch until February 21st, 2012, but I want to thank all of you. Many, many, many of you have contributed to the announcement today that we have just passed 1,000 book orders!

We have a huge target for this book. We have a big launch. I’d love for you to continue to buy books. We have cool Yes! Energy stuff coming out, like bracelets, tee shirts, Yes! Energy drinks, Yes! Energy wine, Yes! Energy water bottles — all sorts of fun things we’re making up. So…

Thanks for an amazing first part of our launch! We have just past the thousand book mark on our way to another New York Times best-seller.

Thanks and stay in touch!

Loral

Loral Langemeier, 4-time best-selling author, has created a step-by-step approach to guide you to finding inspiration, motivation, and passion in your daily life. Through her new book, Yes! Energy, with her strategic “Energy Equation,” Loral demonstrates how her method has helped change thousands of lives with a few simple shifts in daily activity.

Yes! Energy – Get More Out Of Life

Have you got Yes! Energy?

When it comes to money, few people know how to make it. Less know how to keep it. And very few know how to grow it. Yet, it’s so easy. Money comes easy to those willing to change the conversation, and who are determined and committed to moving forward.

The problem is most people are having the wrong conversation, conflicting conversations, or worse, no conversation at all. We continue to live in the old models of how we go about making a living, getting an education, finding relationships, and our life’s fulfillment — and they just don’t work. I’m not sure they ever did.

History has always had one constant among mankind, from the days of the hunter gatherer to present times, and that’s frustration. Many have always been, and continue to be, tired and unsatisfied. That type of living can and should end.

Living is an action. And we can all do it better.

A lot of people want more out of life. They want their lattes, fun toys, to feel good and they want to work less and engage in life more. Hooray for them! Say “Yes!” with Energy, instead of no.

It’s time to rediscover the power within you to live and lead in optimism and energy. If you lead with motivating, directed, and committed energy and you maintain a perspective of calm, certainty and optimism, you can achieve each your objectives.

That’s what my new book, Yes! Energy, is all about.

You need to know what you want, be committed to getting it, lead the conversation, and go get it. What do you think? Do we need to work on this together?

Do you have certainty and confidence?
What do you feel when you’re feeling your best?
How often do you feel that?
What’s your source of calm?
From where do you draw strength?
In what do you have faith?
What sits at your core, deep, what’s definite for you?
What do you know for sure?

If you’re not fully aware and living in certainty and confidence, you need to change your conversation to the right one.

People are often more likely to state what they don’t want, rather than what they do want. It could be because it’s so easy to do it that way. I hear it all the time: “I don’t want to work … I don’t want to be single … I don’t want to be so unhealthy …. I don’t want to be saddled with all these bills …. I don’t want to spend my whole life not getting what I want … I don’t want to be so stressed out all the time.”

We’re constantly setting boundaries, more clear on what we “don’t want” than on what we “do want.”

That’s the complete opposite of Yes! Energy.

The routine of life, the pattern of it, goes something like this: we’re born, meet our families, go to school, hope we get educated and after 18 years or so of incubation, are on our own, thrust into the prospect of making a life. Okay, so that’s the short version. But regardless of how you got to where you are in life, something along those lines pretty much happened to you.

And now, here you are, in a life most likely not of your own making. What’s difficult too is that you know, deep inside, that it could be, that you have the ability to create a life so much better than the one you’re living.

I’m here to tell you that your gut is right. Regardless of where you started, obstacles, poor decisions or where you are now, you do have the ability to create a great life of grace and abundance. And it’s all in my newest, soon to be released best-seller, Yes! Energy.

What too many people are doing is:

1) making life harder than it has to be.

2) work too much for too little,

3) are busy, but not productive

4) don’t have a vision for what they want their lives to be.

I know, because way back when … I used to be one of those people.

Fortunately, I was given a big gift of enlightenment. After years of struggling, trying to achieve and prove myself, I learned a wonderful truth:

There is an easy, graceful, simple way to do a lot less and achieve so much more. It’s Yes! Energy.

I’d love it if you would help me take my new book up the charts by pre-ordering it today. And I’ll give you great bonus gifts for showing your support. Check out the special offer here >>

Best Selling Author

THE MILLIONAIRE MAKER: Act, Think and Make Money the Way the Wealthy Do (2006)

THE MILLIONAIRE MAKER was a bestseller on The Wall Street Journal Personal Finance list and the Business Week bestseller list. “Loral is the real deal…she actually makes millionaires,” says T. Harv Eker. “Master coach” Loral Langemeier shows how even those with financial woes and a limited income can create real, sustainable wealth and the freedom it buys.

THE MILLIONAIRE MAKER reveals Loral’s proven wealth-building system-her trademarked Wealth Cycle for generating and maintaining wealth-that thousands of ordinary people have already used to declare financial independence. A cross section of case studies explores a variety of implementations, and Loral guides readers through the basic principles of financial matters including entity structuring, depreciation, and direct investing.

THE MILLIONAIRE MAKER’S GUIDE TO WEALTH CYCLE INVESTING (2006)

Loral hit the nation’s top bestseller lists again with THE MILLIONAIRE MAKER’S GUIDE TO WEALTH CYCLE INVESTING, a #1 bestseller on the USA Today Business list and a #2 bestseller on The Wall Street Journal list. It also lands as a bestseller on The Wall Street Journal Business list (#5), The New York Times Business list (#4), and among the top 50 on the USA Today bestsellers list.

Loral demonstrates how to tap into the wealth-building power of direct asset allocation-a proven system of financial strategies that the smartest (and richest) investors have been using for years. A personal investment “toolkit,” WEALTH CYCLE INVESTING is packed with step-by-step instructions and worksheets to help individuals organize assets, make the most of whatever assets they have and generate new income, supercharge their portfolio, profit from nontraditional investments, build cash in a Wealth Account, scout out new opportunities, use real estate and private equity to accelerate wealth, and balance risks with even bigger rewards.

THE MILLIONAIRE MAKER’S GUIDE TO CREATING A CASH MACHINE FOR LIFE (2007)

Loral’s title is a #1 Wall Street Journal bestseller and a #1 USA Today Money list bestseller; it also hits the bestseller lists of The New York Times and Business Week. Jim Cramer says, “You want to keep up with the Joneses, be my guest. You want to trounce the Joneses, don’t just read this book, act on it.” Loral Langemeier first introduced her exclusive Wealth Cycle system in her national bestseller The Millionaire Maker.

In THE MILLIONAIRE MAKER’S GUIDE TO CREATING A CASH MACHINE FOR LIFE, she reveals how to earn more money by building a viable business. Whether you want to partner with others or create your own team to start, fix, or buy a business, Langemeier illustrates how to turn it into a Cash Machine that makes money from Day One. The book delivers a step-by-step action plan for starting up a Cash Machine, helping readers get up to speed on marketing, sales, operations, finance, and management to keep a business operating effectively. Loral also shares instructive and inspiring real-life examples of successful Cash Machines and explains how to use profits to fuel the Wealth Cycle.

PUT MORE CASH IN YOUR POCKET (October 2009)

You don’t have fixed potential, why accept a fixed income?

By following Loral’s simple and straightforward approach, you’ll put more cash—$1000 or more a month—in your pocket in no time.

Loral has helped thousands of people make extra cash fast. People from all different backgrounds, in a variety of situations, all over the world. People just like you.

You can find Michelle here:

Show Notes

Links and Resources:

Have you got Yes! Energy?

What's the #1 Obstacle Holding You Back from Ultimate Wealth?