Saturday, September 1, 2007

Discover The Secret To Building A Wealth Team When You're Just Starting Out

Discover The Secret To Building A Wealth Team When You're Just Starting Out
Are you a lone wolf? It means trying to do everything
yourself. This is very ambitious and not an efficient way
to accelerate your wealth.

How do you stop being a lone wolf? Tap into your current
family and friends experiences, expertise's, or networks.
Take out a piece of paper and make a table with 4 columns.

The first column heading is "Wealth Building Activity".
Write down 3-6 wealth building activities you want to
accomplish this year. These can include items that you
already have in process, are incomplete, or haven't been
started yet. For example, you can list "Develop a lead
generation process", "Buy a duplex rental property",
"Invest in the stock market", "Outline tax strategies for
my business", or "Put together my personal financial
statements (balance sheet, cash flow statement, income
statement)".

The second column heading is "Who Can Help?" List people
you ALREADY know who have skills to help you start or
complete the wealth building activities. These people
already know you and are very willing to give advice. If
these people are unable to help, they may be referral
resources for someone else who could help you achieve your
goals and accelerate your wealth. Examples of people you
already know can be your family (Mom, Dad, sisters,
brother-in-law), friends (college, parents of your
children's friends, health club), neighbors or people from
work. Go through your address book for additional people
who can help.

The heading for the third column is "Ask or Call? When?"
Determine ahead of time if you will be requesting a
face-to-face meeting or requesting for help via a phone
call or email. To hold yourself accountable, identify the
date when you will call or meet with the person. It is
critical that you follow through on making contact with the
people you've identified to help you out.

The last column is entitled, "When Can We Start?" Assume
your family and friends say "yes" to your request for help.
You need to find a time for both parties to meet and
review the items with which you need the most help.

When you meet with these people, be honest, direct and be
prepared ahead of time by stating your goal or desire and
asking the person how they can help you achieve this goal.
Ask them, "What they would do to accomplish the wealth
building task?" Take notes, ask questions and discuss what
your actions will be to move you closer to achieving your
wealth building activities. In your discussions, make sure
you are clear about the next steps. If you're not clear,
then keep asking questions until you are confident you know
the next action step. This also is a perfect opportunity
to ask your family or friend if you can request additional
information or help from them in the future.

You will be amazed at how quickly you can begin to build
wealth once you lose the lone wolf syndrome. Tap into
resources you already have and build your wealth team. You
will achieve your wealth building goals faster, more
efficiently, and with more confidence once you have people
around you who support you and your goals.


----------------------------------------------------
Sharon Marsh, Ph.D., entrepreneur and wealth coach, is the
founder and owner of Professional Wealth Solutions, LLC. Go
now to http://www.buildwealthmakemoney.com for Free Wealth
Building and Money Making tips. Take your wealth building
program to the next level.

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