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The Mind Your Business Podcast

All entrepreneurs want to know the secret to success. James Wedmore, a seven-figure online entrepreneur, believes success is created by mindset over strategy, magic over metrics, and attitude over action. In this podcast, James and co-host Phoebe Mroczek untangle the common misconception that hustle and hard work are all it takes to be successful.
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Now displaying: September, 2016
Sep 26, 2016

In this solo episode, James reviews “The Code of the Extraordinary Mind” by Vishen Lakhiani and discusses some major concepts from the book, which can allow you to live the best life possible.

In his book, Lakhiani reveals how he built Mindvalley, but got to a breaking point and almost had to close the doors. After making a major shift, which he refers to as “Bending Reality”, the company grew revenue over 400% in just 8 months and started attracting their dream clients along with an amazing team.

He did this by bringing the powerful presence of gratitude and happiness into the present moment, and in the book he says:

“Be happy now. Your thoughts and beliefs do create your reality, but only when your present state is joyful.”

The second step was creating an excited anticipation for the future. James notes that as entrepreneurs, we already have goals, but often run into frustration, become impatient and burn out. He says there is a huge difference between going through the motions of gratitude and having an experience of truly feeling it.

“Gratitude is the vibration of receiving, and if you’re grateful for what you already have, it only invites more to come your way”

Lakhiani refers to Dan Sullivan’s theory of appreciating the “reverse gap.” We often beat ourselves up when we’re not where we want to be in life, but we can take a moment to reflect and look back at how far we’ve come. To do this, make a list of the results that you’ve created in your personal and work life. This can be one of the best things you can do to move forward when feeling overwhelmed.

Every day, as part of your routine, Lakhiani says to identify three to five things that you’re grateful for. You can start with the small things that make you happy and you smile about.

“We shouldn’t do things so we can be happy, we should be happy so we can do things”

To shed our past, one of the most powerful things we can do is to practice the act of forgiveness. First, make a list of people that you don’t feel 100% complete with in your life. Then, follow the next steps:

1) Set the scene

Close your eyes, get present and imaging the person standing before you. Then recreate the scene that has triggered your emotions.

2) Step into the anger and pain

Relive the situation while bringing up the emotions as much as you can.

3) Forgive and love

Take a moment to actually step into the other person’s shoes and imagine what life might be life for them. Then, intentionally forgive them and imagine them doing the same for you.

James adds that carrying around frustrations of the past will affect your productivity, intuition and creativity, and these steps will act as “detox” for your soul.

“Take a moment to forgive and move on; the past is done and this is about now”

The book also asks readers three important questions to consider:

1) If time and money were no object and I did not have to seek anyone’s permission, what kind of experiences would my soul crave?

2) In order to have these experiences, how do I have to grow? What sort of man or woman do I need to evolve into?

3) If I have the experience that I have listed above and I’ve grown in these remarkable ways, then how can I give back to the world?

Make sure that you don’t have an attachment to your big goals, and remember that the future doesn’t define you if things don’t happen to go your way.

Submit Your Question!

LINKS:

“The Code of the Extraordinary Mind” by Vishen Lakhiani

Why Happiness is the New Productivity (Video)

Mindvalley

“The Great Pain Deception” by Steve Ozanich

“Waking Up” by Sam Harris

Forty Years of Zen

Dan Sullivan’s Website

 

Sep 15, 2016

In this latest “Listener Question of the Week” episode, James and Phoebe talk about how to enjoy success without feeling guilty. They present three common limiting beliefs, and how you can reprogram your thinking around them, along with providing the affirmations that they each use on a regular basis.

Limiting beliefs around money will dictate our actions, and how we show up in the world. Do we enjoy the success and abundance without feeling guilty or undeserving of it?

James say that a dichotomy exists where people either have a fear of failure, or even a fear of success. Often, they fear that if they become successful, they won’t be able to control it and somehow won’t deserve it.

He’s had these issues in the past, but he got by them by remembering that the way he lives his life and runs his business is to inspire others through his actions.

He realized that in order to be a source of inspiration for others, he would have to charge higher prices and build a team to truly make an impact. Ultimately, these are the things that his ideal clients want for themselves.

“We tend to listen to, respect and look up to authorities that have the elements of the things we want”

Three common limiting beliefs (with ways that you can delete this programming and replace it).

1. Money is evil

You can let this one go and instead use “the more money I have, the more I can help.” By making more money, you’ll be able to donate more finances, and time, as well as having a bigger platform for which to give your message to others.

2. You have to work hard to make money and to deserve it

There is no direct correlation between hard work and more money; it’s simply about providing more value and solving bigger problems for people.

For this one, Phoebe shares a few affirmations that she uses:

“The less I do, the more I make”

“The more value I provide, the more money I make”

3. Making money is taking it away from somebody else

This belief comes from a place of lack. To switch to an abundance mindset, replace this belief with one that shows there is no limitation to money or abundance in this world.

James uses the affirmation, “The transformation is in the transaction”, and he notes that no one values what they get for free.

We should look for evidence and proof with each of these examples. Consider how many people today are making their living online; there is no limit to how many people can do this.

You can also look for clues in the way that you feel. If there is an internal conflict or struggle when you have achieved something, look for the source of the limiting belief. The more you do this, the more opportunity you’ll have to discover what is ruling your reality.

Phoebe adds that as you achieve more success, you can make small upgrades, like experiencing more expensive restaurants. This will help you reduce the effect of, or eliminate, any limiting beliefs around money that you might have.

Go easy on yourself if you have a certain way of thinking about money. Have fun, enjoy the process and look for the joy in every moment!

Submit Your Question!

LINKS:

“The Code of the Extraordinary Mind” by Vishen Lakhiani

Denise Duffield Thomas’ Lucky Bitch Money Bootcamp

Sep 12, 2016

In this episode, James and Phoebe share the importance of defining your own meaning of the word “success”, along with providing simple steps that you can use to achieve this.

Success can mean different things to different people. James says that the true secret is that we have to start by creating our own definition.

Abraham-Hicks states that success isn’t about material objects, but the amount of joy that you feel and that the achievement of anything that you desire must be considered success.

Phoebe notes that when online entrepreneurs introduce themselves, often it’s with the launch or sales numbers that they have achieved. Through journaling her own thoughts, she discovered that she was conditioned from an early age to believe that money equals power. She’s been working hard on reframing this to look at success by the amount of freedom one has.

James shares that money isn’t the root of all evil, but it’s the obsession or greed of money that is.

“Abundance in your business is a good sign of the energy you have flowing through you”

Also, comparing yourself to others is dangerous, as we don’t know that person’s full story behind where he or she is today.

“Look for the things that you can intentionally put into your life now and you will feel success immediately”

Phoebe always wanted to be a millionaire by the age of 30, and when this didn’t happen, a friend asked her how much her life really would change if it had actually happened.

“I realized in that moment that it wouldn’t change. I’m happy with my life, I love what I do (and) I have the freedom.”

She also now knows that being generous and impacting others is something that she can do right now.

James believes that we’re looking for an experience to have financial control where we can create money on demand.

Simple process for how to be successful:

1) Identify and question every one of society’s definitions of success

Think about how your family, friends, colleagues and other people in your industry define success.

2) Create your own definition based on what is important to you

What do you want and how to you want to feel? Set metrics, or rules for your own success and consider what you want to achieve (and what you are willing to give up to do it).

3) Enjoy every single second of the process

In this very moment, you have the opportunity to be the very embodiment of your definition of success!

Submit Your Question!

LINKS:

Episode 044: Creating Your Reality

Sep 8, 2016

In this latest “Listener Question of the Week” episode, James and Phoebe address how you can separate yourself in a crowded, noisy and saturated marketplace.

James says that the biggest mistake that we can make is not following our dreams and not stepping into our commitment to serve others simply because someone else is already doing what we want to do.

He challenges the whole idea of what it means to have a competitor, and in fact one of his good friends also offered his own YouTube course. However, since becoming friends, they’ve collaborated and partnered on a successful program together.

“I live in world where there are no competitors”

Remember that there is no other person out there that’s exactly like you and understanding that is the first step in standing out in the marketplace.

“You are so unique that no one can compete on that level”

Phoebe adds that the people you attract will want to hear from you. You might not necessarily have all the answers, but it’s up to them to pull out the messages that they need at that time.

“Once you start to hone your message and your vision, you’re going to attract those right people; set yourself apart just by being you.”

James shares one exercise where you can start listing out the things that make you unique. What is it that your friends and family love about you?

“When you lead your marketing with your story, your life (and) what makes you weird, that immediately is going to have you stand out”

You can then look for other ways to start separating yourself. To do this, know that people are craving two things: more time, and more connection with others. When you start with these two things, you can begin to deliver value in a unique and different way.

Being a great listener is an important part of marketing. What are people complaining about, and how can you help? It will take a healthy obsession on your part to find out who your customer really is.

Phoebe recommends that you look at Facebook groups to see what people are asking for and what they need. You can then ask yourself how to do things a little bit better than everyone else.

“You’re there to help other people and to serve them. Knowing how you can serve them best is just going to help you create an amazing community.” 

Submit Your Question!

LINKS:  

Episode 050: Three Mindset Hacks for Success with Rick Mulready

Episode 004: Who Are You To Be The Expert?

“Ask.” by Ryan Levesque

Reel Marketing Insider       

Sep 5, 2016

Everyone at some point will have a feeling of being stuck! In this episode, James and Phoebe explain a three-step process that you can use to get unstuck today and create the business that you envision.

Phoebe knows how being stuck can be scary, and leave your paralyzed to act. However, it really is a great place to be because you can do anything you want to from there.

James says that when things aren’t working, people usually think that the answer is to just try the same thing, but do it harder. Like the example of the fly or bee banging against the window, you can step back and look to find the opening.

“All we ever have is just a series of these present moments”

Our brain tends to focus on the past or the future, but in the present is where we really have the power. Here, we have the chance for infinite possibility, and our reality is based off of the actions that we take now.

“To get unstuck, we must be willing to create actions in this present moment that are not contingent upon or determined by the results of our past”

Tom Watson, founder of IBM, made this statement when asked what made them successful:

“For IBM to become a great company, I (realized) I would have to act like a great company long before it ever became one”

James shares that when you’re clear on the business you’re creating and the vision you have for it, use that as the “litmus test” for the decisions that you’re going to make.

“What got you here, won’t get you there”

Phoebe adds that when you’re vision is big enough, you’ll believe in yourself and your commitment to your customers.

When you use statements such as “that’s easy for you to say,” then you’re letting yourself off of hook and making excuses for why you’re not achieving results.

Three steps to get unstuck:

1) Identify your vision for the future

What is your vision; one that gets you “lit up” and excited? Determine why this vision is so important to you so that when it gets tough, you can remind yourself of why you’re doing it.

2) Write out how you or your business would operate when that vision has been fulfilled

Again, think about how a million dollar company would act and think about this when you have a decision to make.

3) Pull it into the present and operate that way now

Constantly ask yourself questions about how that company you envision would be acting, and act that way now!

Submit Your Question!

LINKS:

“The E-Myth Revisited” by Michael E. Gerber

Sep 1, 2016

In this latest “Listener Question of the Week” episode, James and Phoebe are going to help you figure out what is the right platform to use, for you and your business.

Often, new business owners lose sight of the fact that they are just starting their business, and begin comparing themselves to others.

There are lots of options for building your business, and a common feeling is that you need to be doing it all. The real answer is to only do one at first, in order to later expand to others.

If you’re a personal brand, James stresses that you need a platform. This will be a place where you can share your content for free and create a two-way conversation with your audience, or your tribe.

However, you also have to determine what is the modality of the context. Is it text (articles and blog posts), audio (podcasts) or video (which can combine the other things)?

Pick one; you do not want to be doing all three! James main focus before was YouTube, as he was teaching visual things that the platform was able to present effectively. He now uses podcasts to talk to listeners about deeper topics, and this gives people the ability to listen while they’re doing something else, like driving or doing the dishes.

Things like DYI tutorials, fitness and photography lend themselves well to YouTube or Facebook video. Interviews and entrepreneurial mindset topics will be better served by using a podcast.

Phoebe adds that you can choose one platform, but still incorporate different elements, like text into your videos.

James notes that can share quotes from your podcast, updates on upcoming guests and more on other platforms like Instagram, Snapchat, YouTube and Facebook groups, inviting the people to your main platform.

“Really the platform is about the message (or) content you’re creating and how you can promote it and create conversation around it”

One strategy you can use to determine which platform to use is to come up with a list of 10 to 30 content ideas and then see which modality would work best.

There are three questions to ask yourself when considering platforms: Where is your audience already hanging out? What’s a platform where you can listen, and not just talk? Do you really need video to release this content?

Phoebe feels that asking yourself what you enjoy doing can also help with your decision. By doing what you enjoy, you will stay consistent with your content creation and your audience will feel this energy and be more engaged.

“There is a delicate balance between what you love to do and where is your audience?”

Whatever platform you choose, it should be a great list (and community) builder!

Submit Your Question!

 

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