Archives June 2023

5 Keys to building a successful business - part 4 of 5. The Miller Firms, LLC
5 Keys to Building a Successful Business: Part 4

If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.

I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.

There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.

Subscribe now as we continue to examine all of the best business tools, skills, and practices to boost your business success.

See Part 1 Here

See Part 2 Here

See Part 3 Here

4. Residual Income Growth:

This one is closely related to Step 3, but they are different in fact. As we discussed in part 3, relying solely on one source of income puts you at risk of losing everything if that source dries up. Automatic income streams provide a stable, predictable income that can help you weather any economic storms. Now it’s time to go one step further with step 4 and build that automatic income with a residual component.

Here are 2 ways you can start adding more residual elements into your automatic income strategy today.

Residual Income Option #1

One way to add a residual income component to your business model is by finding a way to charge a monthly fee for something you do on a regular basis. For example, I hold a weekly training meeting every Thursday night which some who would like to attend are not always able to. In order to solve the issue of them missing the session, I created a group where they could catch the replay and I upload all replays to that group so that they can see all of them through the history of the meetings from the beginning. I charge about $10/mo to be a member of that group and get access to these recordings, but I also provide a forum for the members to ask questions, promote their ideas, and even their own services as part of that fee. With each new member I add, my residual monthly revenue rises without me doing anything more than I would be doing normally. A good friend of mine does something similar by charging a continual access fee of $150/mo to use his business tools and access his knowledge base. You can do that as well in your business. You just need to stop and think about the best way to make use of it.

Residual Income Option #2

Another option is to create an online product or course that can be sold, and then include an automatic membership element to stay active or as an added benefit to the customer. For example, we just discussed my friend who sells his tools, and then monthly access at $150 to continue to use it. Additionally, I also have products that I charge as high as $1000/month to access and use. When it comes to course offers, find something that you can supply to support those who have invested in your course and setup a monthly service to provide it to them and help them out. For example, We sell off extra leads which are no longer of value to our company to other clients of ours who have purchased one of our business building courses and could make better use of them. We do this as a monthly recurring service of $500/mo, and you could do something similar as well. If you want more information on how to build a course of your own and start doing this for yourself and your business, we even have a course specifically designed to teach you how to build a course of your own and start selling it to the masses. Check out our Course Offers now.

Do you need help building your dream?

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: 

TheMillerFirms.com/Coaching

coaching - Success is not an accident

Want more Articles About Automation Tools for Your Business?

Subscribe now as we continue to examine all of the best business tools to boost your business success.

Check out our other business tool explainer posts from this series so far:

Secrets Found: Remarkable Marketing Automation Tools For Your Business
Using the right tools for your business can boost performance and growth!
Best Proven Marketing Tools: 5 Tools to Explode Strong Growth
We explore 5 Fantastic Tools for your Business to Grow Exponentially
Choosing the Right CRM Software for your Business Growth
A look at the differences in CRMs out there, and our recommendation!
Intro to Business Automation with Rocket Business Tools
Which Business Tools are Most Important to Your Competitors and How can you get into the Action!
5 Reasons Why Small Businesses Need to Automate
Here are five reasons to get on the band-wagon and automate your business today!

the-Miller-Mindset-podcast
Mindset: Overcome Your Fears to Live Your Dreams

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The Miller Mindset: Episode # 0013

Welcome to “The Miller Mindset”, a weekly podcast where we explore the power of positive thinking and its impact on our lives. Join me, Chris Miller, as we dive into such topics as goal- setting, overcoming obstacles, and developing a growth mindset. If you’re looking to improve your life and reach your full potential, then this podcast is for you. Don’t miss an episode. Be sure to subscribe today!

On today’s show, we will be discussing the importance of overcoming fear in our mindset. Fear can be a powerful emotion that can hold us back from achieving our goals. In fact, studies have shown that fear can actually cost us in business.

The Miller Mindset: Episode 13

Fear Mindset

Let’s talk for a moment, about the fear of failure. Many people are so afraid of failing that they never even try to start their own business. This fear can be paralyzing and prevent people from pursuing their dreams.

For example, the Small Business Administration conducted a study a few years back and found that 50% of small businesses fail within the first five years. Furthermore, this study sought to understand the reasons behind such a high rate of failure, and do you know what they found to be the number one culprit? It was that the owners were, in most cases, too afraid to take risks and try new things. They played it safe, and as a result they played it safe right to last place.

Playing It Safe Will Not Get You There

Folks, remember something when your out there working for your future and you think to yourself, “I should just play it safe here.” History doesn’t remember those who played it safe. History remembers those who went for it. Those who ran into the flames while others were fleeing for their lives. Those who took on the challenge that everyone said couldn’t be done. People told Henry Ford he couldn’t mass produce an automobile and make it affordable for the everyday American family as well. But then he did it.

People told Steve Jobs he couldn’t make a computer be elegant and easy for the everyday college or high school kid to use. But then he did it. Again, they told jobs you can’t put an entire computer into a phone in someone’s pocket. But then he did that too.

Julius Caesar was a mere Army General, ordered to stop and sentenced to death by the Roman Senate. Had he obeyed those orders, or allowed himself to be killed, no one today would even know his name. But didn’t did he. In fact he led his Army across the Rubicon and took Rome for his own, replaced the Senate which had condemned him to death, and became the owner of the very name which is today, synonymous with our word for King.

History remembers those who took the risks. It doesn’t have room for those who play it safe. Remember that, and wrap your mind around it. Go out there and get what you want, and never hold back.

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: TheMillerFirms.com/Coaching

Mindset of Fearing Rejection

Another example of how fears cost someone in their business and in their careers. I’m talking about the fear of rejection. This fear can prevent people from reaching out to potential clients or partners. They may be afraid of being told no or being seen as a nuisance. However, this fear can cost them valuable opportunities.

For instance, a salesperson who is too afraid to make cold calls may miss out on potential clients who could have helped their business grow. Have you ever skipped a house, or a business just because there was a sign by the door that read “No Solicitors”. Many have, and I can tell you it was a mistake. Let me tell you something. Those signs don’t just come with the property when they buy the place you know.

This is a product they had to take their time to go out and purchase, or have printed up, and then post it on their door. Why do you think they do this? In my experience as a door-to-door salesman for more than 30 years, and top salesperson in my State, and Region for several major National and Global Companies, I am uniquely qualified to explain this to you.

The reason that the majority of them do it is because they are tired of buying things from people who come to their door. And why are they tired of it? Because they know that they have a difficult time saying no and turning the shiny little bobble in front of them away. 18 times out of 20, you’re going to meet with little to no resistance in these situations, and your sale will be all but guaranteed because you did not allow something as trivial as a sign get in your way.

Be Bold, and Speak Out

Overcoming fear can pay off big for you in business. Overcoming your fears about speaking in public is a terrific example of this. Many people have a fear of speaking in front of others, but those who overcome this fear can see great rewards in their career.

For example, a CEO who is able to confidently give presentations may be able to land more clients or secure greater investments for their company. A nobody, fresh out of college amasses millions of followers and becomes an overnight influencer because they decided to get on stage and talk about their passion.

With risk comes the equal potential for both failure, and reward. Roll the dice. Take the risk. The worst that can happen is that you mess it up and leave no better off that you were at that moment. The other side of that coin however, leads to notoriety, fame, and fortune.

Caution is Prudent, but Don’t let it be Crippling

Don’t misunderstand me here however. Caution and calculation is still important. If someone asked me to jump off a bridge as an example, I would not likely entertain that idea. But while it’s important to be cautious, those who are too afraid to take risks may miss out on valuable opportunities.

For instance, a business owner who is too afraid to invest in new technology may fall behind their competitors who are more willing to take risks and innovate. There was a sign posted on the exit door in a shop I worked in a long time ago. I saw it every time I left that office, and I really liked the message it sent me out with. The Sign read,

“Take good care of your customers today or someone else will be taking good care of them tomorrow.”

Think about that for a moment and let that sink in.

Conclusion

Well, that’s our show for today folks. I hope you enjoyed and and perhaps learned a little something that you found to be of value to you today. Remember, fear can be a powerful emotion that can hold us back in business. However, by overcoming our fears, we can see great rewards and achieve our goals. As Nelson Mandela once said, “I learned that courage was not the absence of fear, but the triumph over it.” Thank you for tuning in to our podcast today.

If you feel you enjoyed the show, please do leave me a comment, and don’t forget to subscribe as well so you don’t miss a thing. You can also see this episode in blog form if you like, and sign up to receive email alerts when new episodes are released at themillermindset.com. Until then, I’m Chris Miller, reminding you to always keep smiling.

On the Next Episode:

Next time, on The Miller Mindset, we’ll be be talking about the revolutionary war and exploring the importance mindset played in achieving victory. Plus I’ll give you five simple steps to achieve everything you want. That’s Independence Day 2023 next Tuesday, July 4th at 2pm EST; so Don’t miss it.

Want more Episodes of The Miller Mindset. 

Subscribe to our Episode Alerts here.

Follow us on Social:

Also, check out Episode two: 3 Simple Steps: Maximize your Strengths and Down Play Weaknesses

Episode three: Creating a Cultural Mindset of Growth for Your Business

Episode four: Mindset for Productivity – Revealing the Simple Truth

Episode 5: Overcome Imposter Syndrome: Use These 2 Simple Tips For Results

and Episode 6: Time Efficiency: When You Make Small Mindset Shifts For Big Improvements

Schedule an Appointment to speak with Chris Miller and discuss ways you can improve your mindset and grow as a business leader. Pick a time that works for your schedule now: Access Chris’ Calendar.

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Unlocking Long-Term Business Growth made with an Adaptable Mindset

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The Miller Mindset: Episode # 0012

Welcome to “The Miller Mindset”, a weekly podcast where we explore the power of positive thinking and its impact on our lives. Join me, Chris Miller, as we dive into such topics as goal- setting, overcoming obstacles, and developing a growth mindset. If you’re looking to improve your life and reach your full potential, then this podcast is for you. Don’t miss an episode. Be sure to subscribe today! On today’s show, we will be discussing the importance of having an Adaptability element in your mindset for growing long-term business growth, and I’ll share with you, one little known trick that can help you stay on top of the competition as you continue to grow your business. So let’s get into it.

In today’s rapidly changing business landscape, adaptability is a crucial element that separates successful businesses from those that fail. By having an adaptable mindset, you can navigate through unexpected challenges and capitalize on new opportunities. It means being able to adjust to new situations and challenges quickly and effectively.

Adaptability Mindset In Action ( Example #1)

For example, during the COVID-19 pandemic, many businesses were forced to quickly adapt to the new reality of remote work and social distancing. Companies that were able to pivot their operations and adapt to the new landscape were able to not only survive but thrive during the pandemic. One such example is Zoom, which quickly became the go-to video conferencing platform for remote work and virtual events.

Adaptability Mindset In Action ( Example #2)

Another real-world example of the importance of having an adaptable mindset is the rise of the gig economy. With the rise of platforms like Uber, Lyft, and Airbnb, traditional employment models are being disrupted, and individuals must be able to adapt to new ways of working. Those who have an adaptable mindset can take advantage of the opportunities offered by the gig economy, earning income on their own terms, and creating their own work/life balance. In contrast, those who are resistant to change or unable to adapt may struggle to find employment in the new economy. In conclusion, having an adaptable mindset is crucial for success in today’s world, and examples such as Zoom and the gig economy illustrate the importance of this trait in navigating through unexpected challenges and capitalizing on new opportunities.

Speaking of new opportunities.

Where do you think you’re at right now in your business and in your professional career? Do you know? Are you where you want to be? If not, consider my coaching program over here at themillerfirms.com/coaching and become another one of my many clients which are super happy with the results they’ve received. Our goal is to help you put $10,000 into your monthly revenues within the first 60 days. Find out more at themillerfirms.com/coaching.

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: TheMillerFirms.com/Coaching

Now. At the start of this, I told you I was going to give you one little trick that is often overlooked, which can help you stay on top of your competition. So here it is.

A little-known trick to staying on top of the competition is to constantly seek feedback from your customers and employees. This feedback can provide valuable insights into areas where your business can improve and help you stay ahead of the curve. It can also help you identify new trends and emerging markets early on, giving you an advantage over your competitors.

The simplest way to get feedback from your customers is simply to just ask them for it after they purchase something from you. You can do this real easy just by sending an e-mail that says thanks for your purchase. Tell us how we did. Also you can send requests for reviews or just ask them how well they liked the product that they purchased the next time that they call.

Conclusion

Well, that’s our show for today folks. I hope you enjoyed and and perhaps learned a little something that you found to be of value to you today. Remember, a business that is not adaptable is a business that is not sustainable. By embracing adaptability, you can ensure long-term growth and success for your business. So, take the time to evaluate your mindset and make the necessary changes to become a more adaptable business owner. Thank you for tuning in to our podcast today. If you feel you enjoyed the show, please do leave me a comment, and don’t forget to subscribe as well so you don’t miss a thing. You can also see this episode in blog form if you like, and sign up to receive email alerts when new episodes are released at themillermindset.com. Until then, I’m Chris Miller, reminding you to always keep smiling.

On the Next Episode:

Next time, on The Miller Mindset, we’ll be exploring the importance of overcoming fear in your mindset and taking the leap on those calculated risks. I could think of no better subject to discuss on our 13th episode than dealing with the fears that hold us back, so it should be a lot of fun to explore. That’s next Tuesday, June 27th, 2023 at 2pm EST; so Don’t miss it.

Want more Episodes of The Miller Mindset. 

Subscribe to our Episode Alerts here.

Follow us on Social:

Also, check out Episode two: 3 Simple Steps: Maximize your Strengths and Down Play Weaknesses

Episode three: Creating a Cultural Mindset of Growth for Your Business

Episode four: Mindset for Productivity – Revealing the Simple Truth

Episode 5: Overcome Imposter Syndrome: Use These 2 Simple Tips For Results

and Episode 6: Time Efficiency: When You Make Small Mindset Shifts For Big Improvements

Schedule an Appointment to speak with Chris Miller and discuss ways you can improve your mindset and grow as a business leader. Pick a time that works for your schedule now: Access Chris’ Calendar.

5 Keys to building a successful business - part 3 of 5. The Miller Firms, LLC
5 Keys to Building a Successful Business: Part 3

If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.

I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.

There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.

Subscribe now as we continue to examine all of the best business tools, skills, and practices to boost your business success.

See Part 1 Here

See Part 2 Here

3. Automatic Income:

If you are unable to work, maybe due to illness, injury, or family obligations, would your income still continue to roll in each month? Would your bills continue to get paid? If the answer to these questions is no, or that you aren’t sure, then you need to take a hard look at setting up automatic income. Adding automatic income streams to your business model is crucial for the security of your business and personal financial future. Relying solely on one source of income puts you at risk of losing everything if that source dries up. Automatic income streams provide a stable, predictable income that can help you weather any economic storms.

Here are 3 ways you can start adding more automatic income into your business strategy today.

Automatic Income Option #1

One way to add automatic income to your business model is through affiliate marketing. By promoting other companies’ products or services and earning a commission on each sale, you can generate a steady stream of income without creating your own products. If you would like to learn more about affiliate marketing and how you can best put it to use in your business model, sign up now for this FREE Course from 1400Now.com

Automatic Income Option #2

Another option is to create an online course or e-book that can be sold on autopilot. Once you’ve created the content, you can set up a sales funnel that will automatically sell your product to customers, generating passive income while you sleep. At the Miller Firms, we have 9 different course offers running constantly to continually feed revenue into the machine. We even have a course specifically teaching people how to build a course of their own and start selling it to the masses. Check out our Course Offers now.

Automatic Income Option #3

Finally, consider offering a subscription service that provides ongoing value to your customers. This could be a monthly membership site or a software as a service (SaaS) product. With a subscription service, you can generate recurring revenue that will continue to grow over time. At The Miller Firms, we have incorporated this into our business model through monthly membership to one of our information sharing groups, as well as through monthly webhosting services, and breaking down larger priced services into payment plan options for our clients. While these bring in smaller revenue initially, the monthly revenues continue to grow each month without additional work output needed by the sales team which we track with our Complete Business Management System from TW3 Systems and Rocket Business Tools.

If you would like to learn more about how to incorporate some tools into your business model that will help you automate your income and add multiplied effort, without hiring more workers, check out Rocket Business Tools website. I use these tools for all of my businesses and they work really well together.

Do you need help building your dream?

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: 

TheMillerFirms.com/Coaching

coaching - Success is not an accident

Want more Articles About Automation Tools for Your Business?

Subscribe now as we continue to examine all of the best business tools to boost your business success.

Check out our other business tool explainer posts from this series so far:

Secrets Found: Remarkable Marketing Automation Tools For Your Business
Using the right tools for your business can boost performance and growth!
Best Proven Marketing Tools: 5 Tools to Explode Strong Growth
We explore 5 Fantastic Tools for your Business to Grow Exponentially
Choosing the Right CRM Software for your Business Growth
A look at the differences in CRMs out there, and our recommendation!
Intro to Business Automation with Rocket Business Tools
Which Business Tools are Most Important to Your Competitors and How can you get into the Action!
5 Reasons Why Small Businesses Need to Automate
Here are five reasons to get on the band-wagon and automate your business today!

the-Miller-Mindset-podcast
Perseverance Mindset: 1 Simple Trick to Make You More Effective in Negotiations

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The Miller Mindset: Episode # 0011

Welcome to “The Miller Mindset”, a weekly podcast where we explore the power of positive thinking and its impact on our lives. Join me, Chris Miller, as we dive into such topics as goal- setting, overcoming obstacles, and developing a growth mindset. If you’re looking to improve your life and reach your full potential, then this podcast is for you. Don’t miss an episode. Be sure to subscribe today! On today’s show, we will be discussing how developing a mindset of perseverance in business can help you get to the top of the mountain. So let’s get into it.

As an entrepreneur or business owner, it’s important to have a strong sense of perseverance. Perseverance is your ability to keep going, even when things get tough, and if you are a business owner, I guarantee you this. At one point or another, things will get tough. Because of this, a mindset of perseverance is crucial for the success of your business, and yourself, during these moments of challenges and setbacks.

So, how do you develop a mindset of perseverance?

One way is to focus on your goals and create a plan to achieve them. Break down your goals into smaller, more manageable steps and celebrate each accomplishment along the way. This will help you stay motivated and focused on your end goal because it will always remain in focus, and it will seem more manageable with each task completion.

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: TheMillerFirms.com/Coaching

Another important aspect of perseverance is having a positive attitude.

Embrace challenges as opportunities to learn and grow, rather than as roadblocks. Surround yourself with supportive people who will encourage you and help you stay motivated. Its more about restructuring your approach to how you look at things. For example, if their is something I want to buy, but I don’t have the cash on hand, I don’t even look at it in terms of cost. I look at it in terms of sales needed. That car for example costs $47K. If I look at it as an expense of $47K, that seems like a big purchase and maybe I don’t want to spend that much on a car. On the other hand, the reality is that I can buy the car for the cost of just 5 sales, which I know I can do in about a month. Now that car is not so expensive to me and I might be more inclined to buy it. By having a mindset of perseverance in place, I found another way to look at the problem and find a solution I was happy to live with. That same concept is the concept you need to approach when dealing with your clients as well. Help them find a way to look at it that they are happy to live with.

Now, let’s talk about a simple trick to becoming more authoritative in sales negotiations.

There are many strategies people use in negotiation, but one effective strategy is to use the concept of “anchoring.” Anchoring is a psychological technique where you establish a starting point for the negotiation by throwing out a number or value that is higher or lower than what you actually expect to receive. This creates a reference point for the negotiation and can help you control the direction of the conversation. Sometimes you will get your price without question and you make more money. Other times, you can negotiate a deal which makes the client feel as though they have won in some manner. In either case, you ensure that you get the price you want and then add up a cushion by which to negotiate on.

For example: Many years ago, I built a business as a Hypnotherapist with the goal to work with returning war veterans that had been injured and wanted a drug free solution to dealing with pain management. I got so much out of that work at the time, but first I had to meet the requirements for working with the Department of Veterans Affairs which required that my business be in operation for a minimum of a year before I could be awarded the contract. That meant I would need to see regular clients before I could fulfill my company’s purpose.

I looked first to see what my competitors were doing and what they were charging. There were at least 10 direct competitors within a 20 mile radius of my office, all of them in operation for years already, and all of them charging exactly $35/hr. So using the concept of anchoring, I set my pricing at $100/hr and I made sure that I advertised that price everywhere. I knew that I could settle for as low of $35 if I had to, but I certainly didn’t want to, and I needed a way for my clients to justify coming to the new guy on the block instead of my older, more established neighbors.

The results were that people would call me just to find out why I was the only guy in town charging 3x the price as everyone else. They were curious. They wanted to know what it was I was doing that the others were not. They wanted to understand what I knew that the others didn’t know. Ultimately, they came with me because of the perception that I must be better than the others because I was charging so much more than they were.

I took the business, and negotiated my fee a bit as needed, but most of the time I stuck to my numbers and got the deal at my asking price because I had instantly become the perceived authority by the prospective clients who called. Instant Authority, gained through nothing more than an anchor price, not through merit, work history, social media followers, social proof, client proof, concept proof, or any other means. I did it through my understanding of the psychological insecurity that most people have that they want and feel like they aren’t good enough as they are, and that they want to show the world that they are better.

These insecurities drive people to pay higher prices for status symbols, and $47K cars that won’t do anything more than a $14K car can do for them. Why spend the extra? For the same reason as anything else. We perceive that one is better than the other. This creates a higher reference point in our minds, and in the minds of our buyers as business owners. These perceptions make your initial offer seem more reasonable and actually help them decide on their own that it is better for them to do. In other words, you are helping them find a way to look at it that they are happy to live with.

Conclusion

Well, that’s our show for today folks. I hope you enjoyed and and perhaps learned a little something that you found to be of value to you today. Remember, developing a mindset of perseverance is crucial for your success in business. Focus on your goals, maintain a positive attitude, and surround yourself with supportive people that have the skills, resources, and motivations to build you up for your success. If you want to work on becoming more authoritative in sales negotiations, try using this anchoring technique we discussed here today to establish a reference point and gain a better control of the conversation as you go through your sales cycle. If you feel you enjoyed the show, please do leave me a comment, and don’t forget to subscribe as well so you don’t miss a thing. You can also see this episode in blog form if you like, and sign up to receive email alerts when new episodes are released at themillermindset.com. Until then, I’m Chris Miller, reminding you to always keep smiling.

On the Next Episode:

Next time, on The Miller Mindset, we’ll be exploring the importance of having an Adaptability element in your mindset for growing long-term business growth, and I’ll provide you with a another little known trick, just like the one we discussed here today, that can help you stay on top of the competition as you continue to grow your business. That’s next Tuesday, June 20th, 2023 at 2pm EST; so Don’t miss it.

Want more Episodes of The Miller Mindset. 

Subscribe to our Episode Alerts here.

Follow us on Social:

Also, check out Episode two: 3 Simple Steps: Maximize your Strengths and Down Play Weaknesses

Episode three: Creating a Cultural Mindset of Growth for Your Business

Episode four: Mindset for Productivity – Revealing the Simple Truth

Episode 5: Overcome Imposter Syndrome: Use These 2 Simple Tips For Results

and Episode 6: Time Efficiency: When You Make Small Mindset Shifts For Big Improvements

Schedule an Appointment to speak with Chris Miller and discuss ways you can improve your mindset and grow as a business leader. Pick a time that works for your schedule now: Access Chris’ Calendar.

5 Keys to building a successful business - part 2 of 5. The Miller Firms, LLC
5 Keys to Building a Successful Business: Part 2

If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.

I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.

There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.

Subscribe now as we continue to examine all of the best business tools, skills, and practices to boost your business success.

See Part 1 Here

See Part 3 Here

2. The Law of Multiplied Effort:

The law of multiplied effort is a powerful concept that can help you achieve greater success in your business and personal life by allowing you to allocate additional resources toward a task in order to get more done with time you have available. This law states that when you focus your efforts on a specific task or goal, and then apply additional resources to that task, your results will be multiplied. In layman’s terms, 2 people can accomplish a task quicker than one can when they divide up the workload and each do their part of the overall task objective.

There are 2 Simple ways to Implement the Law of Multiplied Effort into your Business Strategy and Culture.

Multiplied Effort Option #1

One way is to hire more staff. When you have a team of people working together, each with their own set of skills and expertise, you can accomplish much more than you could on your own. This allows you to take on more clients, complete projects faster, and ultimately grow your business. Another way to look at it is doubling or cloning yourself and your output. For example, if you bust your rump all week but the very best you can ever seem to accomplish is 3 new sales per week, the answer isn’t to work additional hours or to work more days. The answer could be to hire 2 more workers and train them to do the same tasks you do each week. Now you are bringing in 9 sales per week, a 300% increase in revenue production, and you are doing it with the same amount of time that it takes you to bring in 3 sales on your own.

Traditionally, many starting entrepreneurs shrink away form hiring others because they worry about creating competitors by training someone how to do what they are doing, or they worry about paying them. The answer to creating a competitor is simple enough to solve by having the staff member sign a Non-Compete Agreement with an NDA rider attached to it. If you are worried about having to pay them you probably aren’t ready to hire yet. However, another option might be to hire them as an independent contractor.

My personal choice has always been to hire independent contractors, although I have had some W-2 employees over the years here and there. As the saying goes, “you eat what you kill”, and contractors understand that. As a result, I have found them to be hungrier and more eager in reaching for their targets so they can earn that paycheck.

Multiplied Effort Option #2

Another way to utilize the law of multiplied effort is by employing automation tools. By automating routine tasks such as email marketing, social media management, and customer service, you can free up your time to focus on more important tasks. This not only helps you accomplish more, but it also allows you to provide better service to your customers and grow your business more quickly. This direction is definitely the most difficult of the two options because it requires you to take additional time to learn and to build these automated systems so that you can put them to work for your business. Those whom are crunched for time, or for whom technology adoption is not a simple undertaking might want to avoid this in the beginning or hire someone who has both the time and technological skillset to accomplish it for you while you focus on your business.

If you would like to learn more about how to incorporate some tools into your business model that will help you automate and add multiplied effort without hiring more workers, check out Rocket Business Tools website. I use these tools for all of my businesses and they work really well together.

In addition to these strategies, there is a 3rd way to apply the law of multiplied effort to your business.

Partnering with other businesses to offer complementary services or products is a great way to boost your business, drive sales, and do less work for your time spent. Become an affiliate for a product or service that you know will benefit your customers and promote their product for a small piece of the pie, but without the time, or additional workload needed for fulfilling the order that you would normally incur.

As an example, I use this method all of the time when it comes to qualifying my new leads. As they move through my sales process, they are making a determination about whether my service offer is right for them. If it is not, I refer them to a competitor which is similar in nature to what they are looking for, and whos program might be a better match for them than my own. I’ll make a couple of bucks for sending them over there, but I have no skin in the game, and I earn more without increasing my work load or time at all. Ultimately, the key to success with the law of multiplied effort is to figure out which of these methods, or combination of these methods are right for your business, and then putting them into operation within your business as quickly as possible.

One of my recent students took this advice and ran with it just 3 months ago, taking his business from an annual revenue of around $30K to more than $400K projected by the end of this year. That’s an AMAZING INCREASE of 1,333%. With the right mindset and approach, you can accomplish more, grow your business, and build wealth more quickly and efficiently than ever before by incorporating the Law of Multiplied Effort into your business model.

Do you need help building your dream?

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: 

TheMillerFirms.com/Coaching

coaching - Success is not an accident

Want more Articles About Automation Tools for Your Business?

Subscribe now as we continue to examine all of the best business tools to boost your business success.

Check out our other business tool explainer posts from this series so far:

Secrets Found: Remarkable Marketing Automation Tools For Your Business
Using the right tools for your business can boost performance and growth!
Best Proven Marketing Tools: 5 Tools to Explode Strong Growth
We explore 5 Fantastic Tools for your Business to Grow Exponentially
Choosing the Right CRM Software for your Business Growth
A look at the differences in CRMs out there, and our recommendation!
Intro to Business Automation with Rocket Business Tools
Which Business Tools are Most Important to Your Competitors and How can you get into the Action!
5 Reasons Why Small Businesses Need to Automate
Here are five reasons to get on the band-wagon and automate your business today!

5 Keys to building a successful business - part 1 of 5. The Miller Firms, LLC
5 Keys to Building a Successful Business in the United States: Part 1

If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.

I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.

There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.

Subscribe now as we continue to examine all of the best business tools, skills, and practices to boost your business success.

1. Income Diversification:

Relying on a single source of income can be risky. Diversifying your income streams can help you weather economic downturns and protect your business from unexpected events. Consider adding new products or services, offering consulting or coaching services, or exploring new markets to expand your revenue streams.

I’m sure you have heard the expression, “don’t put all of your eggs in one basket” This phrase is often referred to with regards to investing all your money or resources in a single venture or investment. This approach may seem tempting, but it poses significant risks to your personal wealth and security. If the investment fails, you risk losing everything. Diversification is essential to manage risks and protect your assets. By spreading your investments across different sectors, industries, and asset classes, you mitigate the impact of any single failure. This strategy helps you safeguard your wealth and ensure that you have a safety net in case of any unexpected event. Therefore, it’s crucial to diversify your investment portfolio and avoid putting all of your eggs in one basket.

The same principal is true regarding your income as well, but this aspect is often overlooked by the average person. According to a recent article posted by CNBC, 64% of Americans reported that they only had one source of income. This is a bad policy, and as stated previously, heightens the risk of losing everything suddenly if the income source ever dries up such as losing your job due to: illness, injury, family issues, getting fired or getting layed-off as examples. That same article illustrates the fact that current inflation rate rates outpacing wage growth to the point that even 48% of 6-figure earners now report that they are living paycheck to paycheck. What is the regular worker supposed to do to compete with numbers like that? Don’t fall into this trap of putting your eggs in one basket. Build a diversified set of income streams into your business model to protect your business growth and your future.

Do you need help building your dream?

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: 

TheMillerFirms.com/Coaching

coaching - Success is not an accident

Citations:

https://www.cnbc.com/2022/03/08/as-prices-rise-64-percent-of-americans-live-paycheck-to-paycheck.html

Want more Articles About Automation Tools for Your Business?

Subscribe now as we continue to examine all of the best business tools to boost your business success.

Check out our other business tool explainer posts from this series so far:

Secrets Found: Remarkable Marketing Automation Tools For Your Business
Using the right tools for your business can boost performance and growth!
Best Proven Marketing Tools: 5 Tools to Explode Strong Growth
We explore 5 Fantastic Tools for your Business to Grow Exponentially
Choosing the Right CRM Software for your Business Growth
A look at the differences in CRMs out there, and our recommendation!
Intro to Business Automation with Rocket Business Tools
Which Business Tools are Most Important to Your Competitors and How can you get into the Action!
5 Reasons Why Small Businesses Need to Automate
Here are five reasons to get on the band-wagon and automate your business today!

the-Miller-Mindset-podcast
The Power of the Mind: Training Your Brain

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The Miller Mindset: Episode # 0010

Welcome to “The Miller Mindset”, a weekly podcast where we explore the power of positive thinking and its impact on our lives. Join me, Chris Miller, as we dive into such topics as goal- setting, overcoming obstacles, and developing a growth mindset. If you’re looking to improve your life and reach your full potential, then this podcast is for you. Don’t miss an episode. Be sure to subscribe today! On today’s show, we will be discussing how your brain works behind the scenes to keep you on a set pattern. If you can recognize it, you can change it. So let’s get into it.

How the Mind Works

I went to school for 1 1/2 years to learn this and I know a good deal about this subject. The mind is a beautiful thing, and many people think that they understand it, when in fact they don’t. The brain isn’t actually made up of 1 mind. It is made up of 2. One one side, you have the conscious mind that makes up roughly 12% of your mind and controls your short-term memory. The other side is the subconscious mind, which composes the remaining 88% of your thoughts, controls your long-term memory as well as the majority of things you do on a regular basis. Once you understand that, it is important to understand what actually happens inside your mind to get you functioning and doing what you do. It all comes down to information. Everything you see, smell, taste, and touch gets translated into information by the conscious mind and stored in a holding area waiting to be processed. If enough of the same information is gathered, it is allowed to pass through the critical mind filter into the subconscious, and it sticks.

The Critical Mind Filter

Think of the critical mind filter like a bouncer at a nightclub. It’s job is very similar. There is only so much space in the subconscious to store information, so only the most popular information is allowed to get into this trendy club. If you see something once for example, that isn’t enough to make it. If you see the same thing repeatedly however, now you are forming a popular group of similar information, and this group has the star-power to get into the club. It doesn’t matter if this information is good or bad; only that it is popular or, in other words, that it is prevalent enough to become a group.

Success is No Accident

Whatever you want in life, you can get it with the right mindset, training, and direction.

Our program will help you earn $10,000+/month in the first 60 Days. Find out more at: TheMillerFirms.com/Coaching

Understanding Knowns

The concept of the Known and Unknown is usually a difficult one for people to wrap their head around, but I will attempt to make it pretty simple to follow. Information itself is neither good or bad. It is just information. The associations we hold within our subconscious mind to a piece of information determines whether or not it is a known or an unknown and, by extension, whether or not we decide we like it or don’t like it.

The known is simply that enough information of the same type have grouped together to become a prevalent though in the subconscious. If enough information reinforces other information, it becomes a known for that particular idea in your mind. Once this happens, habits are formed. Look at smoking or drinking as a good example. People become chain smokers or heavy drinkers because they did it allot and formed the habit of doing it. Once that happens, it can be difficult to stop doing it because the subconscious mind keeps telling you to do it. It does this because, in it’s own way, it thinks this is something you want to do. It thinks this because you took the time to do it enough to become an established known in your mind. You made it a habit, and your subconscious wants you to keep repeating your habits because it believes that is what you want. The fact that you might not want to continue this habit at some point doesn’t have much weight, because the giant group of knowns formed from the information reinforcing this habit are drowning out the noise of the tiny group of unknowns which are trying to say, “I want to change.”

Understanding Unknowns

So unknows work the same way, but it is more difficult to make changes based on them because they are few fighting against the many. The only way to make effective changes is by reinforcing the unknows more and more, while deliberately no reinforcing the knowns any longer. This is not easy to accomplish however, because your subconscious mind controls 88% of all thought processes, and it works solely on the basis of pattern recognition. It doesn’t care if you want to make changes. It doesn’t get emotions or the concepts of right and wrong. These are conscious mind tasks to consider. The subconscious ONLY looks at the patterns, and it will continue to run them on a loop until you have reinforced enough of the unknowns associated with that particular thought to overtake the already established knowns that were there beforehand.

Running the Pattern

Along that journey, until the unknowns take over the knowns, the subconscious will continue to try to correct what it thinks is an error in the pattern be making subtle suggestions to you to return to the established pattern. Remember that you thoughts are not entirely your own. They are representations of the pattern. If your pattern is:

x-x-x-o-o-o-x-x-x-o-o-o-x-x-x-o-o-o

but then you suddenly try to change it to:

ox-ox-ox-ox-ox-ox-ox-ox

your subconscious mind will try to put you back on the pattern it assumes is the true pattern you really want to live. It does this by making small, subtle corrects that will meet with relatively little resistance. Each tiny correction slowly moves you back to the established pattern until one day you realize all of your hard work to change didn’t pay off. Don’t get mad about it though, because your mind is only trying to help. You took the time, and made the effort, to make this pattern your reality after all. It is only trying to help you continue to get the things it thinks you want because of that fact. Now that you know this information, go out there and train you mind to establish new patterns. You have to consciously do that with the 12% of your conscious mind because your subconscious doesn’t think in terms of what is good for you or bad. Conscious effort, and all the time, keeping it fresh in your mind, is the only way to make change happen because you have to build on the unknowns until they become the knowns and take over the previously established pattern. When you do, the new pattern takes over, and your mind will help you stay on that path from then on; even when things veer off.

Conclusion

Well, that’s our show for today folks. Remember, changing your pattern to train your brain for positive change is all about your mindset. By adopting a positive and focused mindset that keeps conscious awareness on the information you want to replace the known your don’t want in your life, you can increase the size of those groups in the club and achieve the success in your life that you want to see. I hope you enjoyed and and perhaps learned a little something that you found to be of value to you today. If you feel you enjoyed the show, please do leave me a comment, and don’t forget to subscribe as well so you don’t miss a thing. You can also see this episode in blog form if you like, and sign up to receive email alerts when new episodes are released at themillermindset.com. Until then, I’m Chris Miller, reminding you to always keep smiling.

On the Next Episode:

Next time, on The Miller Mindset, we’ll be exploring the importance of perseverance in business, and I’ll give you a simple trick that will help you be more authoritative in your approaches. That’s next Tuesday, June 13th, 2023 at 2pm EST; so Don’t miss it.

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Also, check out Episode two: 3 Simple Steps: Maximize your Strengths and Down Play Weaknesses

Episode three: Creating a Cultural Mindset of Growth for Your Business

Episode four: Mindset for Productivity – Revealing the Simple Truth

Episode 5: Overcome Imposter Syndrome: Use These 2 Simple Tips For Results

and Episode 6: Time Efficiency: When You Make Small Mindset Shifts For Big Improvements

Schedule an Appointment to speak with Chris Miller and discuss ways you can improve your mindset and grow as a business leader. Pick a time that works for your schedule now: Access Chris’ Calendar.

7-Reasons-Working-for-Yourself-Will-Change-Your-Life
7 Reasons Why Working for Yourself Will Change Your Life

Working for yourself can completely change your life. It offers a level of freedom and flexibility that cannot be found in traditional employment. When you work for yourself, you have control over your schedule, your workload, and your income. You can pursue your passions and create a career that aligns with your personal values and goals. However, this level of autonomy also comes with challenges such as managing your own finances, finding clients or customers, and maintaining a work-life balance. Overall, working for yourself can be a game-changer that opens up a world of possibilities, but it requires dedication and hard work to make it a success.

Here are seven key reasons why getting started working for yourself now is in your best interest:

  1. You’re in control: When you work for yourself, you’re the boss. You set the schedule, decide how you’ll spend your time, and choose the projects you’ll work on.
  2. You can follow your passion: Working for yourself gives you the freedom to pursue your passion. You can focus on the work that truly excites you and make a living doing what you love.
  3. Choosing the type of work you want to do and the clients you want to work with, giving you the freedom to pursue projects that align with your interests and values.
  4. Having more control over your schedule, allowing you to allocate time for activities that inspire you and enhance your creativity.
  5. You can earn more money: When you work for someone else, your earning potential is limited by your salary or hourly wage. When you work for yourself, you have the ability to earn as much as you want, based on the value you provide.
  6. You can enjoy a better work-life balance: One of the biggest benefits of working for yourself is the ability to create a work-life balance that suits you. You can set your own schedule and work around your other commitments.
  7. You can build something that’s yours: When you work for yourself, you have the opportunity to build something that’s truly yours. You can create a business or brand that reflects your values and vision.

In conclusion

Working for yourself can be a powerful and beneficial choice. It gives you the freedom, flexibility, and opportunity to create a life and career that truly reflects who you are and what you want to achieve.

If you are interested in learning more about how you can build a business working for yourself, instead of the man, reach out to us here at TW3 Systems. Our group of experienced business professionals and entrepreneurs collaborate to bring each other success when building a business of your own. Join us and find the power of a cooperative team backing you up for success.

For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.

Want more Articles About Automation Tools for Your Business?

Subscribe now as we continue to examine all of the best business tools to boost your business success.

Check out our other business tool explainer posts from this series so far:

Secrets Found: Remarkable Marketing Automation Tools For Your Business
Using the right tools for your business can boost performance and growth!
Best Proven Marketing Tools: 5 Tools to Explode Strong Growth
We explore 5 Fantastic Tools for your Business to Grow Exponentially
Choosing the Right CRM Software for your Business Growth
A look at the differences in CRMs out there, and our recommendation!
Intro to Business Automation with Rocket Business Tools
Which Business Tools are Most Important to Your Competitors and How can you get into the Action!
5 Reasons Why Small Businesses Need to Automate
Here are five reasons to get on the band-wagon and automate your business today!