Every business has 3 cycles; a time to get in, a time to stay in and a time to get out! For many professionals and business owners not understanding these business concepts gets them into big financial trouble and has bankrupt many. The timing of these cycles is extremely precise and offer little room for error. It’s kind of like those big revolving glass doors, if you jump on it to fast your face is going to slam into a plate of glass and you will pick yourself up with fewer teeth than you started with in the morning. If you exit too late, you are going to catch a foot or a hand in the door jam and you will yell like Hell!
It takes just the right timing to enter and exit on those revolving doors. I do not know who the genius that invented them was but they should require a medial doctor installed at each door. Far too many people go into business thinking it is a lifetime ordeal. The business may have a long life span but it is rare that it stays with one owner or one family. On the other hand, many people have got into the right business at the wrong time and lost everything they had including their mind.
The other culprit is getting out too soon. People jump ship because of rough waters, challenging times and slow growth periods. Most everyone is familiar with the true story of 3 Feet from Gold recorded in the famous success book “Think and Grow Rich” written by Napoleon Hill. It is the story of a man who was digging for oil and after much time, money and work was invested with no results, he decided to quite and sold all his oil drilling equipment to the junk yard. An engineer started studying his map and realized that the oil seeker was just three feet from black gold! The engineer purchased the oil equipment for a few dollars, moved it three feet over from where the last man left off and became a wealthy oil tycoon.
Quitting and getting out of a business too soon is most likely the number one mistake made by both armature and professional entrepreneurs. The reason being, business is no place for the faint in heart, the weak, the complainer, the excuse maker, the bull shit expert, or the fearful. If you cannot make a decision or make up your mind, don’t go into business or it will drive you out of your mind. For these reasons, many people get into business only to get out way to soon. If you are going to succeed in business you have to be as tough as King Kong and at times it will not hurt to look like him too.
But out of all the three cycles of business, the most deadly culprit and death trap of all is staying in a business too long. Thus my headline, “The Monkey and the Nut that Killed Him”. They tell me one of the main ways that monkey hunters in the Amazon Jungle hunt moneys is by taking a coconut that has been hollowed out and drilling a small hole at both ends and slipping in a small nut. Then they take that coconut and tie it to a tree. Before long, a monkey comes by and sticks his hand inside the coconut to grab the nut. When he does the hunters come walking up comely and easily captures him because when the monkey grabs the nut and makes a fist he cannot remove his hand.
Now the money knows what is coming, he is yelling and jumping up and down and trying to yank his hand loose (with the nut) but finds it impossible to do. All that monkey has to do is let go of the nut and he could easily slip his hand out of the coconut and go free, escaping capture. But for whatever reason, that monkey will not let go of that nut and thus gets captured.
That is a perfect illustration of entrepreneurs staying in a business too long even though they can see the end coming. They refuse to let go and get out. Many times they do not know how to get out, sometimes the emotional bond is too strong, for some they have been beaten down so bad they do not have the strength to let go. But for too many, they are like that money and choose sheer stupidity and refuse to let go of the nut that is about to kill them.
The three cycles apply not only to business ownership but also to working careers. Your income, lifestyle, health and peace of mind are determined by your ability to maneuver your way successfully through these three business and career cycles. One of the most important things you can do before you enter any business venture is have a plan of action for all three cycles. Know when to get in, know how long to stay in, and most important know when its time to save your ass and get out!
Take a look at where you are right now and ask yourself what cycle are you in? Because the understanding and timing of business cycles are so important, it is critical that you find an experienced Mentor to help you with this process. You cannot put a price tag on Mentorship, it is priceless and the value is beyond measure. Cycles are inevitable finding a Mentor to help you is optional (on your part).
Special Note: Relax…When you see my offers they are designed to give you the essential tools and resources you need to help you achieve everything you desire. Here is where the “Relax” part comes in. You will only respond to our offers when the “Timing” is perfect for you and not a moment sooner…I Guarantee It!
When someone does not respond to an offer it is simply because the “timing” is not right for them, and when they do respond it’s because the “timing” is perfect for them and both situations are a good thing! So relax and feel safe reading our resource offers, it’s not about selling its all about timing and you are in control of that not me.
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Don and Melinda Boyer