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Wealth Building Strategies

The Importance of a Morning Ritual For Business Leaders

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Posted by Eamonn Percy - The Percy Group

on Wednesday, 02 November 2016 11:48

maxresdefaultIf you have been subscribing to my newsletter long enough, or following my blog, you will know how strongly I believe in good disciplines, rituals and systems.  I am 100% sure that achieving success, like growing your business, is never an accident. Rather, it results from doing a few critical things well and REPEATEDLY, over a long period of time. The path to achieving any significant accomplishment is very clear, as there are proven markers set by successful people who have gone before us.  One of the most important of these markers is the relentless focus on doing a few critical and important things every day, over and over, until it is no longer a conscious chore, but an unconscious habit.

In fact, I suggest business leaders actually take it a step further and create a ritual or routine every day (or every morning),



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Wealth Building Strategies

How To Learn From Every Failure

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Posted by Eamonn Percy - The Percy Groupmonn Percy - The Percy Group

on Thursday, 20 October 2016 16:46

1a8b8caLife is 10% what happens to me and 90% of how I react to it.’

- Charles Swindoll

Failure can be a good thing if you take it as an opportunity to learn and ‘Start again more intelligently.’ as Henry Ford said. No one has a consistent track record of success without ever experiencing failure. In fact, if you study the lives of great people, you find they experienced significant, repeated, and consistent failure, particularly early in their careers, before success was ultimately achieved.

You will also find by studying the lives of these successful people, that each failure produce the fruit of future success.

Abraham Lincoln famously failed many times including: one failed business, one lost sweetheart and seven losses for political office. However, he went on to win more often than he failed, and eventually became the President of the United States.

Henry Ford started as a machinist and went bankrupt twice before finally successfully launching the Ford Motor Company.

Steve Jobs was fired from the company he co-founded, Apple, only to be rehired and lead the company to incredible success.

Walt Disney was a high school dropout that was once fired for ‘not being creative enough’ and went on to launch and build one of the greatest entertainment companies in the world.

Even the best and the brightest have failed at one point but bounced back. If they can do it, so can you!

Once you have failed, strive to learn why, and what to do differently next time. If you fail and then do the same thing without learning, you will never achieve success, as you haven’t learned any lessons from the failure.

Be objective and realistic about failure. Do not spend hours dwelling on it, rather, examine and see what you can learn from it. Apply your new knowledge to your next endeavor, and you will find that over time that your rate of failure will go down, and likely, the magnitude of those failures will decrease.

Check out epercy's blog

 



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Wealth Building Strategies

Phoenix GDP Way Up

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Posted by Justin Smith

on Tuesday, 18 October 2016 10:48

phoenixgdp

Financial, advanced business services and manufacturing were big parts of the push up in our favourite market. These economic numbers are critical for investors to know and understand. Long term real estate investing success requires a robust job and growth profile. This article from the Phoenix Business Journal is a must read. ~ Justin Smith

CLICK HERE to read the complete article



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Wealth Building Strategies

Leading an Innovative Company

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Posted by Eamonn Percy - The Percy Group

on Thursday, 29 September 2016 03:55

“If you're not failing every now and again, it's a sign you're not doing anything very innovative.”
-  Woody Allen 
 

summary1Last week I published a post on called Creating a Culture of Innovation which featured the six most important steps I believe a leader should take to build a highly innovative culture.  The step that generated the greatest interest is leading by example, which is the subject of this article.
 
One of the biggest errors a leader can make while building and leading an innovative company is underestimating the impact of their own action.  It’s not their words that count, but the actions which impact culture.  Leadership is life under a magnifying glass.  Every trait, nuance, skill, error, belief or genius idea is first exposed and then magnified, its rawest form. Great leaders are humbled by this and strive hard to improve and build upon their strengths, or at least mitigate their weaknesses.  Average leaders are eventually exposed and, if they are fortunate, are given an opportunity to develop, or rebound at another time, hopefully, wiser.  This is good and healthy, since most people, whether in an innovative culture or not, demand much of their leadership and detect uncertainty much better than leaders think they can. 
 
An insightful leader will start with a full, honest and comprehensive appraisal of themselves through a process of reflection, analysis and objective 3rd party assessment.  Not just once, but on a continuous basis, with the improvement reinforced with accountability partners.

They will also embark on a process of lifelong learning and renewal.  Developing leadership skills requires tremendous effort and time dedication with a constant reinforcement of better habits.
 

A leader striving to lead by example will make the distinction between a company where innovation is revolutionary or evolutionary and then modify their approach accordingly.  Revolutionary innovation requires transformative thinking, disruptive business models and nerves of steel.  Evolutionary change requires exceptional management, timing and a high EQ to manage competing interests as the company transitions.
 
A good leader will recognize that any innovative company will need financial resources to see major projects through to fruition, and therefore, will maintain a long-term source of funding to maintain staying power. Strategies include full product pipelines with good margins, business unit portfolio management, and good access to capital.

Finally, leading an innovative requires any leader to show humility and turn to his talented people, not out of weakness, but out of strength.  This will encourage all employees to embrace a culture where it is okay to admit that they don’t have every answer to every question and that the true innovations coming from closing that knowledge gap in a way that creates something bigger for the company and better for the customer.

By Eamonn Percy

....also from Eamonn: Creating a Culture of Innovation



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Wealth Building Strategies

Phoenix attracts West Coast tech companies

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Posted by Justin Smith

on Tuesday, 27 September 2016 12:11

phoenix22In the 1980s and ‘90s, most of the tech jobs in Phoenix focused on back office and customer care centers for companies with headquarters elsewhere, city officials said.

Now, places like downtown Phoenix, Tempe and Scottsdale are buzzing with entrepreneurs and new companies in the tech space. There are an estimated 132,000 high-tech jobs in Arizona, according to a TechAmerica Cyberstates report.

“We’re beginning to gain a reputation that there’s a real tech community here,” said Steven G. Zylstra, president and CEO of the Arizona Technology Council... CLICK HERE for the complete article

brought to you by Western Wealth Capital



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