Posts Tagged ‘discipline’

7 Tips About Employee Discipline

Sunday, September 20th, 2009

1. Never procrastinate with a performance problem. If you don’t address the issue when it arises, staff will question whether you are doing anything at all.

employee discipline2. When talking to an employee about a problem, phrase your comments in terms of preventing the problem from recurring. Use the inappropriate performance as a jumping off point, indicate why it is problematic, and then quickly move on to preventing reoccurrence. This moves the focus from blame to improvement.

3. Whenever possible, elicit the employee’s suggestions about how to prevent the problem from recurring. Put the responsibility for suggesting solutions with the employee. When possible, help the employee implement their solution.

4. Make it clear that your comments pertain to behavior or performance, and not the person. Restrict your comments to particular instances of inappropriate performance and avoid inferring cause (lazy, uncaring, incompetent).

5. Remember that to improve problem performance it is often necessary to “drive out fear”. Some think that putting the fear of God into employees will spur them on to better performance. Fear is more likely to reduce performance, loyalty and effort.

6. If you never recognize effective performance, and do not praise those who perform well, you will not be effective in dealing with problem performance.

7. Above all, remember that even the best of employees will find a discussion about inappropriate performance to be unpleasant. Some will take it personally, some will not. Be prepared for some defensiveness, and do not rise to the bait. Stay in control of yourself, and the situation.

Forex Trading – Why a Complicated Mathematical Formula is Not the Way to Succeed

Thursday, November 27th, 2008

You see a lot of Forex trading systems online that claim that there complicated mathematical formulas can beat the market but this is not true for one simple reason.

Fact – Forex markets do not move to a mathematical theory which you can predict forex price movement with and the rest of this article will explain why, give the proof and show you a better way to win with your forex trading strategy.

You will hear a lot of traders telling you maths works and that gurus theories such as Gann, Elliot and Fibonacci are scientific and mathematical ways of doing trading but the definition of a mathematical theory is:

It works ALL the time not now and again!

The theories just mentioned don’t and neither do any other mathematical theories – its rubbish to say forex markets move to mathematics.

You often see systems sold that say they work to complex mathematical algorithms or were devised by a wiz kid – but look at the track record and what do you see?

A made up track record in hindsight, using closing data and knowing everything that happened! Well that’s not hard to do, anyone can make a profit if they know tomorrows price today but that’s not real life. Real life is – trading without knowing the price.

The track records are simply bent to show a profit, on the data segment studied and the more it’s bent, the more unlikely it is to work in real time, as no two segments of data ever repeat exactly.

If You Want to Win at Forex Remember this:

The markets don’t move to some mystical law that repeats exactly – but they do move on probability and by trading high odds set ups, you may not win every time but you will win more than you lose and with sound money management you can win long term.

The key is to use a simple odds based method, as simple systems always work best, as they have fewer elements to break in the brutal world that is forex trading.

Think About this key Point

In 100 years despite all the advances in computers, forecasting and speed of communications, we have seen no increase in the number of winning traders and this goes to show that complicated mathematics and fancy theories do not increase the odds of success.

A Simple Way to Succeed

Success in forex trading is dependant on a simple robust forex trading system, combined with discipline and sound money management; this has always been so and always will be.

NEW! 2 X FREE ESSENTIAL TRADER PDFS ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf’s, with 50 of pages of essential info on how to Become a Forex Trader visit our website at: http://www.learncurrencytradingonline.com

Is an Online Masters Degree Worth the Paper It’s Written On?

Tuesday, November 11th, 2008

In order to secure that deserved job promotion, you often need to obtain a higher education level. One great way to do that is through online learning. You can even get Online Masters Degrees this way. This exciting and innovative means for professional and personal improvement can allow you to earn your desired graduate degree, to enhance your available career opportunities.

People who earn Masters Degrees typically get higher pay, more challenging and interesting work, and growth potential of an unlimited nature. Online Masters Degrees can really help those seeking job promotions from within their current organization or from other prospective employers. They can also help those wanting to completely change their professional lives altogether. Online colleges offer both flexibility and convenience. Many have accelerated degree programs online. Most also allow students to pursue graduate degrees upon a part-time basis.

Online degree programs offer many advantages over traditional classroom-bound degree programs. You do not need to reside near a college or university when you can take classes online. Online graduate school programs are also great for those who have been out of school for some years. Getting back into an academic routine for school projects and class work should be easier, and fitting in with younger class members should become less of a concern.

Online course availability is also generally more convenient for those already working full-time or caring for families. Students can keep their day jobs or maintain other familial responsibilities by enrolling in evening or weekend course sections, when they must take courses that require their online presence at a given time.

Many excellent, accredited universities can be found online, offering many types of programs and areas for further study. Colleges and universities may supplement their traditional campus programs with online courses, or they may exist as online-only schools. Today, most traditional institutions of higher learning also offer some online learning options to remain competitive. Either way, you can obtain advanced degrees in business, nursing, health care management, information technology, education, liberal arts, or many other fields.

Financing any sort of college degree can be quite expensive, but your return on that educational investment is generally very good. Even though graduate tuition is typically much pricier than undergraduate tuition, you should remind yourself how many high-earning professionals have advanced degrees. Even at the graduate school level, you may still qualify for student loans, grants, and scholarships. You just need to check with your school of interest, since certain types of aid require certain qualifying requirements such as full-time student status. Many employers may also willingly pay for all or some of an employee’s higher education tuition, as part of a good company investment in its people and its organizational future.

Although many people believe that Online Masters Degrees are inferior to Masters Degrees that were obtained through traditional classroom settings, that assumption is not necessarily true. Excellent online programs can offer comparable opportunities for producing group work, utilizing both interpersonal communication and independent study. Additional self-motivation and self-discipline may be needed for students to complete a degree online, but the time management skills that they finely hone in the process can prove advantageous. Their high degree of comfort with cutting-edge Internet technologies can also prove advantageous. Online attainment of your Masters Degree can be both valuable and convenient for broadening your career horizons.

Phil Rogers is working two jobs, to support a wife and 4 kids. He’s trying to find ways to get his Masters Degree Online so he can pay off his Credit Card Debt. He is also considering taking a Online Project Management Course

Forex Expert Advisors – Are There Actually Legitimate Trading Systems Out There?

Saturday, November 8th, 2008

How many times have you come across a new Forex expert advisor that claims to make you overnight riches within the Forex market. These trading systems are being pumped into the industry at excessive levels and unfortunately they have saturated the market and in turn given the automated Forex trading industry an abysmal reputation.

Most of these Forex Expert advisors have computer software they have programmed within their system which they claim will make you money – however the vast majority of them are based on unsound logic which has no chance of working and producing consistent winning trades.

The major issue concerning these phony expert advisors is the fact that most of them will present you with a hypothetical back test as evidence of the systems money making power. These records are basically made up and simulated to fit the creator’s needs and they prove absolutely nothing. The vendor clearly knows all the opening and closing prices, the exact tops and bottoms, and therefore knowing all these facts he is easily able to simulate a dodgy track record to prove his system is making immense profits. Obviously the main problem is that these records are not real and just a tactic to steal your hard earned money.

Most of these systems are released by those extra savvy marketing gurus, who have only one thing on their mind, SELL SELL SELL, and they don’t care if their product works or if it is actually beneficial, they just want to make that sale. Their sites are fairly easy to spot out, as they will have pictures of tons of cash, Ferrari’s, mansions etc. and also don’t forget about that “ever convincing” backtest record. If you come across an expert advisor vendor who has all of the above elements on his site then you should leave the site immediately, it is 99% likely the trading system is a scam.

So forget those get rich quick methods that don’t work and seek out a Forex expert advisor which has a real track record or something worthwhile to teach you so you can devise your own. Legitimate Forex expert advisor will always show you proof of their results, and yes all of them will incur losing trades, there is no trading system out there that doesn’t ever lose, if you have found one then please let me know. However the best expert advisor will consistently produce a lot more winning trades than losing ones and will have a very low drawdown level, in turn assuring you make some decent long term profits off the market.

When searching for a good Forex expert advisor always look for live forward test statements, these tests are conducted in real market conditions with real money, therefore they actually let you know how the EA will perform in real live market conditions. These tests are probably the closest things to letting you know how profitable the expert advisor is and they should be the basis of your selection criteria when looking for a legitimate expert advisor.

If you do manage to find a mechanical Forex trading system with a real track record over a few years, just check the logic, make sure you understand it and can trade it with discipline through losing periods. Make sure it is suited to your risk and money management levels and do your research before making any final decisions. Also ensure that the vendor provides regular ongoing after sales support, so you know you are in good hands and will be looked after shall you encounter any problems.

Just remember most phony vendors will attempt to fraud you out of your money by hoping you fall for their simulated track records, and then one day get wiped out of your trading account. Don’t fall for their trap, shop around and find a real Forex expert advisor vendor, who provides legitimate live forward test statements, and is well recognized in the industry as a legitimate seller.

It is no secret that in order to succeed in the world of Forex Trading You must follow a good trading system and adhere to strict money management techniques. An Expert Advisor can seriously simplify the process and get you well on your way. If you wish to automate your Forex Trading Decisions by using a Forex Expert Advisor then check out this Collection of The Best Expert Advisors available for Forex Trading.

Forex Trading For Beginners – 10 Facts You Need to Know For Forex Trading Success

Thursday, October 30th, 2008

This article is all about forex trading for beginners and facts you need to know before you start trading. You can make a lot of money but keep in mind most traders lose but by being aware of these facts and getting the right forex education, you can win…

Let’s look at our list of key facts for forex traders for beginners.

1. Forex Robots are NOT a Route to Success

More novices buy a robot and think it will give them riches with no effort and they end up disappointed – Why? Because most have never even been traded and present worthless paper simulations which mean nothing in the real world. There not real profits so avoid them at all costs.

2. Forex Day Trading Doesn’t Work

It’s obvious that you can’t tell what countless millions of traders, will do in short time spans. It’s a good story and vendors know this but like the robots they only have paper simulations.

3. Anyone Can learn to Succeed

This the good news! Forex trading is a learned skill and if you get the right forex education, you can win.

4. You Need to Have Confidence and Discipline

This means accepting responsibility and learning the right information. Only then will you have the confidence to trade with discipline. So by all means get education from other – but success rests on your shoulders.

5. Big Forex Trends are Always Present

They last for weeks, months or years and if you use a long term forex trend following strategy, you can make huge gains.

6. Leverage is an Advantage and Disadvantage

Forex brokers will give you 200:1 as standard and most traders use it all. This is a mistake, over leverage simply wipes out more traders than any other reason. 10 – 20: 1 is plenty for most traders.

7. Markets Don’t Move to Science

You will read a lot about how they do and how you can follow a system that predicts and win, no you can’t. Markets don’t move to science, they are simply an odds based game and you need to trade the odds to win.

8. You are Going to Face Periods of Losses

All the best traders do and it’s how you handle them that will determine your trading destiny. Make sure you have strict money management and the confidence and discipline, to ride these periods out.

9. You Don’t Need to be Clever or Work Hard

It’s a fact that a simple trading strategy can be developed by anyone and you can make a lot of money with it. A few weeks to learn and about 30 minutes a day is all you need – if you get the right education. No other business, gives you such great rewards for your effort. You get rewarded for being right, not effort in forex trading and that means working smart NOT hard.

10. Ignore the Majority View and You Will be Successful

Forex trading success is all about ploughing your own path and ignoring the frequent myths you see online and also be prepared to not run with the majority – the majority of course lose, go your own path.

You Can Achieve What You Want

Want a good second income or even a life changing one? Well the opportunity is there for you and it’s up to you what you achieve. Forex trading for beginners, sometimes seems daunting – but if you have read the above, you know what to do and can get on the road to financial success.

NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf’s, with 50 of pages of essential info on Becoming a Currency Trader From Home visit our website at: http://www.learncurrencytradingonline.com

How to Lose it All in Forex – 3 Easy Steps

Wednesday, October 29th, 2008

Many new Forex traders have a naïve sense that Forex is easy. Ofttimes, this impression originates from hyped Forex advertisements like “How I made 300% per month in Forex!” and “Earn like professionals do! Use 100% Automatic Forex signals’… to ‘Earn Thousands of Dollars Each Day!”. These hype mongers distort the realities of Forex trading. They create a false sense of trading ease and in doing so are building an impressive army of new and ambitious Forex losers.

If you have spent any time researching Forex you have likely come across the statistic that 90% of Forex traders ultimately lose money in Forex. While, I don’t know if someone has ACTUALLY commissioned a study to prove that statistic’s accuracy, my experience in most every financial endeavor, including Forex, is that 90% of people do fail. Take selling Real Estate as an example, the common saying is that 10% of the salespeople make 90% of the money. And why is that? Because making money requires EFFORT. So it is with Forex, beating the market in Forex requires more than just a computer program that takes the trades for you. It takes more than just opening a demo account and practicing for a week. The traders in Forex that are successful long-term are those that take the time to truly understand what moves the Forex market, execute with complete discipline a strong trading strategy and management plan, and have learned to control the emotions that will destroy any trader.

With that said, I have compiled a list of 3 Easy Steps to lose it all in Forex. I have also included counter measures that will help you turn those losing steps upside down and make you money.

1) TRADE FOREX ON YOUR OWN. The simplest way to lose it all in Forex is to say to yourself: “I don’t need anyone else’s help. I bought this ‘Forex auto trader robot monster thing’” or “I read ‘Forex Guide to Making Billions’, This is going to be easy.”
Counter Measures -Don’t stop learning. Interact daily with other Forex traders by visiting Forex Forums or chat rooms. Join a signal service and try to figure out why and how the signals are chosen. Read blogs written by other Forex traders and market analysis by Forex professionals. And if you don’t have the time, find someone successful who KNOWS how to trade Forex and hire them to trade for you.

2) UNDERCAPITALIZED – OVERLEVERAGED. Want to lose it all in Forex? Open a “micro account” at your broker and trade with $250 or open a “mini account” and trade with $2500 or a “standard account” with $25000. Most pros trade a standard lot for every $50,000 and a mini-lot for every $5000. But the loser says, “Why trade with such low risk? I’m not going to lose it all.”

Counter measures – Continue to trade a demo account until you save up enough money to trade $1000 in a “micro account”, $10,000 in a “mini account” and $100,000 in a “standard account”. Design a system that does not risk more than 2 or 3% per day. I trade two strategies. One risks, on average, 0.25% per trade and takes about 8 trades per day (2% risk per day). The other risks 0.75-1.25% per trade and takes about 5 trades per week.

3) JUST GIVE UP. Lose confidence in your trading strategy. Stop believing in your money management plan. Give up on yourself and your ability to trade. This will not happen when you are winning, it only happens when you are losing. Here is how it goes: You start trading and soon find yourself in a winning streak. Your confidence builds and you come to believe that your system is invincible. Then comes the losing streak. After the first loss you say, “bummer”. After the second you say “that sucks”. The third makes you start to question your trade rules and the fourth loss has you throwing your arms up in the air and saying “This trade system just doesn’t work”. What all to often happens next is that the you STOP trading the strategy and return to the drawing board to find another system. The final result – you have given up and your account balance is smaller than when you started. This can turn into a deadly cycle. Each time, you build a new system only to give up when it starts to lose. Eventually you quit all together having lost significant money in Forex.

Counter measures – Remember that you WILL have losing streaks in Forex. Learn to understand why your system works and why it loses. Consult your system backtest and note the maximum drawdown and losses. Know your system and it’s limitations. Stick with your plan. The great American author, Harriet Beecher Stowe once said: “When you get into a tight place and everything goes against you, till it seems as though you could not hold on a minute longer, never give up then, for that is just the place and time that the tide will turn.”

You CAN lose it all in Forex. In fact losing it all is much easier than making it big. But for every nine Forex traders not doing the right things to win, there is one disciplined, educated, persistent trader sticking to his plan, using the right leverage for his trades and leaning on others for help. It is this one noble trader in ten that makes it in Forex.

Echo FX prides itself on being an experienced, honest, disciplined, and emotion-free Forex Account Manager and quality Forex Trading Education provider. For more information about the company, their Managed Forex Account Programs, or Forex Trading preparation solutions – visit http://www.echocurrency.com (Forex Managed Account) and http://www.AcademyofForex.com (Forex Education)

Online Money Making Secrets Finally Revealed

Monday, October 27th, 2008

More and more people are finding the idea of working from their own home an appealing one. As a result of this, the online home business industry is growing rapidly, and there are many opportunities available for those who are willing to put in the effort and time. These opportunities can be extremely lucrative, but before you get started you need to learn the proper skills to success working online.

An online home-based business has positives and negatives. Working at home is not for everyone; it takes a great deal of motivation and discipline in order to get the work done and keep going without getting off track, and it can take up to 24 months or more before your work will provide a full time income. If you take the time and learn the skills to create a long-term income, the returns will be well worth it.

For example, you can choose your own hours and work from anywhere that has an internet connection. Unlike conventional businesses, you do not need to create, store or deliver products as all this is taken care of. You can take a break anytime that you feel you’ve earned it. My family comes first, above everything so being able to spend time with them and earn enough money for the nicer things in life is a wonderful feeling. These are just a few of the benefits to working from home online.

Sadly, there are still some prejudices and suspicions surrounding the home based business industry. Past fraudulent activities have put many people on their watch, and you may experience many difficult questions or remarks. This is nothing to worry about there are many honest, legitimate and profitable online business opportunities available if you just know how to find them and have motivation. You truly can live your dream of working for yourself. Doesn’t the idea of setting your own hours, being your own boss, and spending more time with your family sound inviting?

If you’re ready to learn the skills that will create a long term income, working online, please visit my blog at http://easytoworkathome.blogspot.com/

Trading Algorithms – Autopilot Algo Trading Reveals the Forex Tracer

Monday, October 27th, 2008

Trading Algorithms are relatively new to the Forex Market and there are a few products on the market which now incorporate these Algo trading detection mathematics into their software. One of these is the New Forex Tracer. Released on to the market in June 2008 this new software comes with the following trading system set up.

A sophisticated strategy developed to analyze currency markets, it combines break out systems with an indicator based system to confirm the market and is analyzed and set up the way it should be. A risk management tool, that calculates the amount of lots related to the risk associated with each trade and shields against excessive losses and margin calls.

A market engine strategy where an automatic engine enters the market as safely as possible, which through its algorithms protects the trade from unpredictable behavior and/or the brokers false doings. A set of money management tools that exit each trade as safely as possible to make the most of multiple trades.

Forex Tracer also trades their system live so traders who use the algorithm trading software can publish their live trades online. The Forex Tracer also runs a Blog where traders offer there day to day trading stats from up to 11 currency pairs available within this Algo trading software.

The Foreign Exchange Market is a relatively new trading platform and as this unpredictable market continues to be sourced and scalped with difficulty, only a few Forex Algorithm Trading Products have been released on to the market.

For beginners wanting to get ahead in this market it is strongly advised you trade on a play account before you get involved for real.

You can put this system to the test on a Demo account. You can do that here at http://www.forextracertrading.com which allows you to trade with play money, so you won’t be risking a penny. After you’ve tried, tested and retested, you can then open your real account where you can collect $100 and start trading on Autopilot immediately. A Final Note for Beginners: Stay focussed, be extremely disciplined, and you will succeed.

Make Money Fast – A Simple Powerful Business Method Anyone Can Use

Sunday, October 26th, 2008

The method enclosed is proven to make money fast, anyone can do it and you don’t need much to get started, so it really is the best way to build small stakes into significant wealth – let’s look at it…

The business is becoming an online forex trader – Hang on!

You might be thinking I couldn’t do that, it’s too hard or only for big investors – no its not. Check out the advantages below and you will see why this is such a great opportunity to make money fast.

- Anyone can learn it no college education required in a few weeks

- You only need a few hundred dollars to get started

- You can leverage your account by 200:1 – In simple terms this means put down $500.00 and can trade 100,000! No credit checks required!

- There are opportunities for profit everyday

- There is never a bear market as one currency rises another must fall and vice versa

- You don’t need staff or stock just an internet connection and a computer and your all set

- This business takes just 30 minutes a day to run

So what do you actually need to do to make money fast in this business – what education is needed?

The answer is simple; you need to learn how to spot repetitive patterns on a forex chart.

Currency movements reflect changes in human psychology which never changes and shows up in high odds chart formations. All you need to do is spot the high odds chart patterns and trade them and currencies trend for weeks months or years, if you can lock into them and hold them you can pile up huge gains with leverage on your side.

You can learn to do this in just a couple of weeks and your all set to trade.

The key difference between winners and losers in currency trading is having the discipline to cut your losses – leverage is a double edged sword and you must do this. However, discipline is a mindset and you can acquire this trait, if you want to.

Taking small losses is part of the game of making big profits long term in fact, you can lose 70% of the time and make triple digit gains easily, if you run your profits and cut your losses.

Currency trading is a learned skill and today is open to all – you can open an account with just a few hundred dollars and your grated 200: 1 leverage immediately and can start seeking big gains.

All you need is the right education around 2 weeks study and the mindset to want to make money.

Sure it’s a challenge and you have to get the right education but for the effort you need to put no other business can give you such high rewards and in 30 minutes a day, you could be on the road to a life changing income.

Are you up for the exciting challenge that is global forex trading and the opportunity to make money fast?

NEW! 2 X FREE ESSENTIAL TRADER PDFS
ESSENTIAL FOREX TRADING COURSE

For free 2 x trading Pdf’s, with 50 of pages of essential info and more on Currency Trading Basics visit our website at: http://www.learncurrencytradingonline.com.

Don’t Leave the House Until You’ve Cleaned Up Your Room!

Tuesday, October 21st, 2008

How is your year shaping up? With three months left, have you achieved your goals? Are you coping with the curve balls being thrown our way? We have just tax a fabulous Wealth Dynamics Weekend in India – but one that took place whilst an earthquake killed 40,000 in Kashmir. I arrived here after a fantastic Entrepreneur Business School in Bali – but one that took place days before the bombs went off. As the waves rise, we can hold more tightly business the boat – or we can jump in the water.

This month’s article is about jumping in the water. I hope you enjoy it.

“Don’t leave the house until you’ve cleaned up your room!” – It wasn’t the first time Mum had laid down the law. Where was the logic in cleaning up my room if I was going out anyway? Who was going to use it while I was gone? In fact, who was ever going to use it except me? I had always been quite happy with it messy.

But this time it was different. We were moving house. We were leaving this one forever, and the movers would be here tomorrow. She wanted me to clean a room where everything was going to go in boxes anyway. She wanted me to clean a room that I would never step foot in again! Now that was insane.

I remember the time it took to clean that room, and how I felt at the time. I was twelve years old and we were leaving Papua New Guinea forever. We were moving to Hong Kong. I was leaving partnership the friends I had made in the past four years – and I would never see them again. It was my last day to go out, have fun, say goodbye. But I was stuck inside, cleaning.

I am reminded of that time now, as I sit here with WWF’s latest Living Planet Report in front of me. The report is based on two key indicators: The Living Planet Index (LPI) which measures trends in species population, and the Ecological Footprint, which measures the weight of humanity’s demands on the Earth’s renewable resources.

Between 1970 and 2000, the LPI has fallen 40%. The index measures 3,000 population trends in over 1,100 species. Since the day I was born, 40% of the abundance of species on Earth has been wiped out. The population of freshwater species has halved and tropical terrestrial species have fallen by 65%. Two-thirds of the biomass (or total volume) of the bigger fish in the Atlantic, such as Cod and Tuna, have disappeared.

During this same period, the World’s population has grown by 65%. That’s the equivalent of today’s entire World Population outside of Asia Pacific – 2.5 billion new people. There are now over 6 billion people on the planet, compared to 4 billion when I was cleaning my room, and compared to less than 2 billion when my Mum was a child, being told to clean hers.

Since 1970, the global Ecological Footprint has grown by 70%. The footprint is the total area required to produce the food, fibre and timber we consume, to provide the space we inhabit and absorb the waste we create. This was 13.5 billion global hectares in 2001. Earth’s biocapacity – which is the total area it can sustainably offer for these functions – is 11.3 billion global hectares. Our footprint exceeded the Earth’s biocapacity in the 1980s, and by 2001 we were exceeding the Earth’s capacity to sustainably support our demands on it by 21%. As far as our planet is concerned, we are now living on ecological debt – at credit card interest rates.

“…We no longer live within the sustainable limits of the planet. Ecosystems are suffering, the global climate is changing, and the further we continue down this path of unsustainable consumption and exploitation, the more difficult it will become to protect and restore the biodiversity that remains.”

- Dr Claude Martin, Director General, WWF International

You may not have seen these specific numbers, but we’ve all heard this story before – just like I had heard my mum so many times before.

I was recently coaching an entrepreneur looking to make his next million and I found him laden with credit card debt. This is actually a very common occurrence with many entrepreneurs. I told him the first thing he needed to do was to become disciplined enough to turn cash flow positive, rather than expecting his habit of over-consumption to magically reverse one day. There’s no point in making a dollar if it costs more than a dollar to make it. He said “I’ve heard all that before. I haven’t come to you to be told that. I’ve come to you to find out how to make it big.” I simply told him “Don’t leave the house until you’ve cleaned up your room!”

“There’s no point in making a dollar if it costs more than a dollar to make it.”

I didn’t tell him about the day I sat there in my room, on 21st March 1980, focusing reluctantly on my clean-up task ahead. I didn’t mention the process I went through: how I began emptying the cupboards, arranging my toys; how I began discovering parts of my history that had been long forgotten; or how, as I continued, I found myself surrounded by my life – things I thought had been forever lost; moments that I had taken for granted; gifts that still held the thoughts that counted. My task of cleaning somehow unexpectedly evolved into a celebration of my little life. It became an extraordinary exercise in both gratitude… and pride! I didn’t tell him these things, because I wasn’t sure it was relevant – although I somehow sensed that it was.

As entrepreneurs, with our businesses and our teams, we generally produce more than the average individual. We also consume more. Many entrepreneurs consume more than they produce. So the power to clean up the world’s ecological debt lies partly with its consumers, but mostly with its business owners: That’s you and me.

Where does the motivation come to put cleaning up as a priority, when we could be out playing? Can’t someone else clean up as we’re going to leave the house anyway? And can each of us really make that much of a difference? After a full day, I stepped out of my room, each one of my many treasures no longer taken for granted. I sat quietly at dinner in a contemplative mood. So did my brother and my sister who had been cleaning their rooms as well. I felt a strange sense of accomplishment – about my room and about my life. I felt an eerie sense of connection with my family. I felt a lightness, a purpose – a new view of my place in this world.

I can’t tell if my childhood story is relevant to you as you read the WWF report but I found it relevant to me. We enter this world with the choice to be a net giver or a net taker. As we increase our capacity to create, we also increase our capacity to consume – or contribute. Taking responsibility for this choice can lead to a transformation in how you view your place in this world.

The United Nation’s Median Growth projection for World Population is 9 billion by 2050. If our current consumption remains unchecked, by 2050, WWF calculates our consumption will exceed our home’s capacity to deliver by 120% per year, creating an ecological debt we have no means to service. Even if you don’t clean up for those who will inhabit our home when we’re gone, do it for yourself: The act of becoming debt free is a liberating experience. The act of becoming ecologically debt free on a global scale is a commitment that we can share, and will lead to a globally liberating experience we can share in our lifetime.

“Some people act like the World owes them something. The World doesn’t owe you anything. It was here first.”

AND FINALLY…

A group of our Life Members in Bali, during the Entrepreneur Business School, got to know one of the Meridien waitresses, 21 year old Wati. In conversation, she told them her dream for the last six years was to open a bar. Here’s what happened next, in the words of one of the team, Peter Taggart:

“We asked ‘why do you want to open a bar?’ Wati replied that she wanted to help support and look after the people in her village. We asked where she would set up her first bar. Wati responded with an address in Kuta. She had already been researching the best location for her bar. We asked her to meet us the next day with her plan. The next day, what she brought with her blew us all away. Having just spent four days at EBS learning about vision, attraction and a greater purpose, we were stunned that this young lady had a better grip on all these concepts than any of us. Eight of us – from Australia, Singapore and England committed there and then to help bring Wati’s dream to life. That day, we opened a bank account in Wati’s name, bought her a mobile phone so we could stay in touch and set up an email account.”

That day, seven of the team flew their separate ways, while the remaining member went with Wati to Kuta to see her proposed site. The following Saturday night, five of the team met on the Gold Coast to discuss the plan forward for Wati. That was the night the bombs went off.

“Wati sent us a text message as soon as the bombs went off in Bali. She said she was still committed to her dream but understood if we were not. We got everyone online that night from around the world and we all unanimously decided we were all still committed to Wati and her dream.”

I’ll let you all know when Wati has her bar opened. In the meantime, my hat goes off to these eight individuals. In that week, worlds were changed in Bali in more ways than one.

Together, we will always be able to create value faster than anyone can take it away.

“You must not lose faith in humanity. Humanity is an ocean; if a few drops of the ocean are dirty, the ocean does not become dirty.” – Mahatma Gandhi

BELIEF, COURAGE, ACTION.

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