C-Suite Network™

Categories
Advice Best Practices Growth Leadership

How to Acknowledge and Reward Your Highest Performing Franchises

A great leader motivates and empowers their team. This can be more challenging in a franchise, where the structure can create barriers between top management and individual franchise owners. How can leaders overcome these obstacles to acknowledge and motivate their franchisees effectively?

Understanding Motivations

People are driven by various factors, not just money. Competition is a significant motivator, where franchisees strive to outperform each other and rival franchises. Another powerful motivator is the desire for appreciation. Like in childhood, when praise from respected figures spurs us to excel, adults in the workplace also thrive on recognition.

The Power of Awards

Awards can effectively acknowledge efforts and inspire excellence. Common awards include:

  • Rookie of the Year: Best new franchisee.
  • Top Growth Awards: For highest sales growth in single and multiple locations.
  • Spirit of the Franchise: Exemplifying company values and mission.
  • Marketer of the Year: Best marketing strategies.
  • Top Trainer of the Year: Best use of training programs.
  • Business Development Award: Encouraging new franchisees to join.

Consider using a combination of metrics like sales volume and net promoter scores for awards. Engage franchisees in suggesting new awards and possibly include an invitation to join the franchise advisory council for a year as a form of recognition.

Effective Award Practices

  1. Transparency: Clearly explain how award winners are chosen based on measurable benchmarks to avoid perceptions of favoritism.
  2. Peer Nominations: Encourage franchisees to nominate others, emphasizing the legitimacy of the awards.
  3. Special Awards Night: Host an elegant awards ceremony, possibly with a special presenter, evening wear, and an Academy Awards-style format to enhance the experience.
  4. Travel Prizes: Offer trips as prizes, combining excursions with educational and training sessions, bringing in special speakers, and involving key vendors to add value.

Conclusion

By implementing these strategies, you can effectively reward and motivate your franchisees, fostering a sense of community and family within your franchise. This connection can transform your franchise from a collection of isolated locations into a cohesive and supportive network.

About Evan Hackel

As author, speaker and entrepreneur, Evan has been instrumental in launching more than 20 businesses and has managed a portfolio of brands with systemwide sales of more than $5 billion. He is the creator of Ingaged Leadership, is author of the book Ingaging Leadership: The Ultimate Edition and is a thought leader in the fields of leadership and success.

Evan is the CEO of Ingage Consulting, Delta Payment Systems, and an advisor to The Learning Network. Reach Evan at ehackel@ingagen.net, 781-820-7609 or visit www.evanhackel.com.

Categories
Growth Leadership

Stop Blaming the Economy: The Real Reason Your Business is Failing and How to Fix It Fast

Hey there, movers and shakers! Baz Porter here, and I’m about to hit you with a truth bomb: Your business is dying. Yeah, I said it. The numbers don’t lie, nor do those sleepless nights you’ve been having, wondering why things just aren’t clicking. But guess what? There’s a lifeline, a game-changing secret that can revive your business in just 30 days. Intrigued? You should be.

The secret sauce is something I call the High-Performance Mind State. This isn’t your run-of-the-mill mindset mumbo jumbo. We’re talking about a complete mental overhaul that will flip your business from failing to flourishing faster than you can say “profit margins.”

In the next few minutes, I will take you on a wild ride through the world of high-performance thinking. By the end, you’ll have a crystal-clear action plan to transform your business and life. So, buckle up, pay attention, and get ready to unleash your full potential. This isn’t just about surviving; it’s about thriving and leaving a legacy to make history. Let’s dive in!

The RAMS Framework: Your Secret Weapon to Business Revival

Alright, folks, let’s dive into the meat of this transformation—the RAMS framework. It’s not some fluffy, feel-good concept. It’s a hard-hitting, results-driven approach that will take your business from zero to hero. Think of it as your business’s new best friend, minus the awkward small talk.

Results: The Ultimate Measure

First up, we’ve got Results. At the end of the day, it’s all about what you achieve. You can have the best intentions in the world, but if you’re not hitting your targets, you’re just spinning your wheels. Think of Results as your business’s GPA—except instead of getting a gold star from your teacher, you’re getting profits, growth, and maybe a few pats from your accountant.

So, set those big, hairy, audacious goals (BHAGs, for those in the know). Aim high and then some. Measure your progress ruthlessly and celebrate your wins—throw a party if necessary. Just make sure you’re moving the needle in a meaningful way.

Attitude: The Fuel for Success

Next on the list is Attitude. And no, I’m not talking about the kind you give your spouse when they leave dirty dishes in the sink. I’m talking about the type of attitude that fuels success. The can-do, won’t-quit, bring-it-on attitude that makes challenges look like child’s play.

A positive attitude is like rocket fuel for your business. It turns obstacles into opportunities and setbacks into setups for a comeback. It’s contagious, too—your team will catch it faster than the common cold. So, put on your game face, and let’s turn that frown upside down. Your attitude sets the tone for your entire operation. Make it count.

Mastery: The Pursuit of Excellence

Now, let’s talk about Mastery. This isn’t just about being good at what you do but being the best. Picture yourself as the Yoda of your industry—wise, unstoppable, and maybe a little green around the edges. Mastery means continuous learning and relentless improvement. It’s about striving for excellence in every aspect of your business.

Mastering new technologies, refining your leadership skills, or learning the art of delegation without micromanaging (seriously, stop hovering) is the name of the game. Remember, the day you stop learning is the day you start dying. So, keep pushing and striving, and never settle for mediocrity.

Systems: The Backbone of Success

Last but not least, we have Systems. If Results, Attitude, and Mastery are the muscle, Systems are the backbone. They hold everything together and keep your business running like a well-oiled machine. Without the right systems, even the best ideas will fall flat. Think of systems as your business’s skeleton—crucial, even if they’re not always visible.

Systems are all about creating robust processes and structures that support your goals. They ensure consistency, efficiency, and scalability. Whether it’s a killer CRM, streamlined operations, or foolproof financial management, having solid systems in place is non-negotiable. Remember, chaos is the enemy of progress. Let’s bring some order to the madness.

Real-Life Success Stories: Transforming Lives with the RAMS Framework

Now that we’ve unpacked the RAMS framework let’s get to the juicy part: real-life success stories. These aren’t just feel-good tales; they’re powerful testimonials from people who’ve transformed their lives and businesses by embracing the High-Performance Mind State and the RAMS approach. Get ready to be inspired—and maybe a bit envious!

“Success is not final, failure is not fatal: it is the courage to continue that counts.”

Winston Churchill

Alexi Silance: From Pain to Purpose

Alexi was struggling with finding direction in his business and personal life. Enter the RAMS framework. By focusing on Results, Alexi set clear, achievable goals that turned his floundering startup into a thriving enterprise. His Attitude shift from defeatist to determined was a game-changer, fueling his drive to succeed. Through Mastery, he honed his skills and built a robust System that supported sustainable growth. Today, Alexi credits his turnaround to the powerful strategies he learned through RAMS and often says, “Baz has the best interests of his clients at heart. From pain to purpose should be his motto.”

Catharine T. Pearce: Elevating Business and Life

Catharine was looking for a way to elevate her business and personal life. After a coaching session with me, she embraced the RAMS framework wholeheartedly. She set ambitious Results that pushed her boundaries and adopted a positive, resilient Attitude. She saw immediate improvements by mastering new skills and refining her business processes. “Want to elevate your business and your life? Have a coaching session or even a conversation with Baz! He’s the real deal and oozes wisdom and intuition,” she shares enthusiastically.

“The only limit to our realization of tomorrow is our doubts of today.”

Franklin D. Roosevelt

Lee Van Dusen: Forward Momentum

Lee was stuck in a rut, unable to move his business forward. With the RAMS approach, he developed a clear strategy for achieving his Results. His shift in Attitude turned him from a pessimist into an optimist, ready to tackle any challenge. Mastery came through continuous learning and improvement, while Systems provided the structure his business desperately needed. Today, Lee firmly believes in the transformative power of RAMS, saying, “Baz is sincere, cares about the people he works with, and has a great perspective on what is possible.”

Shanna Davis: Passionate Entrepreneurship

Shanna’s passion for entrepreneurship was reignited through the RAMS framework. By setting tangible Results and maintaining a positive Attitude, she overcame obstacles that once seemed impossible. Mastery of her craft and implementation of effective Systems allowed her business to flourish. “Baz is easy to talk to and very knowledgeable. I love his passion for helping entrepreneurs—and people in general. Talk with him, and you’ll see what I mean,” she says, reflecting on her experience.

The Controversial Side of High-Performance Coaching: High-Performance Mind State

Alright, let’s cut the crap and dive into the controversial side of high-performance coaching and the High-Performance Mind State. This isn’t your typical feel-good, rah-rah motivational fluff. We’re talking about deep, sometimes uncomfortable truths that will ruffle a few feathers. If you’re not ready to face the hard facts, you might want to click away now. For those brave enough to stick around, let’s get real.

“It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change.”

Charles Darwin

High-Performance Coaching: More Than Just a Pep Talk

First, let’s clear up a major misconception: high-performance coaching isn’t about holding your hand and telling you everything will be okay. It’s about pushing you to your limits, challenging your beliefs, and forcing you to confront your own BS. If you’re looking for a coach who will coddle you, you’re in the wrong place. High-performance coaching is tough love, plain and simple.

The High-Performance Mind State: Not for the Faint of Heart

Achieving a High-Performance Mind State isn’t a walk in the park. It requires deep introspection, brutal honesty, and a willingness to embrace discomfort. Most people aren’t ready for that. They prefer to stay in their comfort zones, clinging to old habits and outdated beliefs. But comfort is the enemy of progress. If you want to achieve greatness, you have to be willing to get uncomfortable.

“The only way to do great work is to love what you do.”

Steve Jobs

Accountability: No More Excuses

One of the most controversial aspects of high-performance coaching is the level of accountability involved. No more excuses, no more blaming external factors for your failures. It’s about taking full responsibility for your actions and outcomes. This can be a tough pill to swallow for many, but it’s essential for growth. The moment you stop making excuses, you start taking control of your destiny.

Confronting Trauma: Unpacking the Baggage

Let’s talk about trauma. Most high achievers have some form of trauma lurking in their past. Ignoring it won’t make it go away. High-performance coaching forces you to confront that trauma, unpack it, and transform it into a source of strength. This process can be painful and messy, but it’s necessary for true growth. It’s about turning your wounds into wisdom and using your past experiences to fuel your future success.

Work-Life Balance: The Myth of Perfect Harmony

Another controversial topic is work-life balance. Spoiler alert: perfect balance is a myth. High-performance coaching acknowledges that achieving big goals often requires sacrifice. There will be times when work takes precedence and other times when personal life demands your full attention. It’s about finding a dynamic equilibrium rather than striving for an unrealistic ideal. Sometimes, you must go all-in on one area to make significant progress.

“Great things never came from comfort zones.”

Anonymous

The Price of Success: Sacrifice and Hard Choices

Success comes at a price, and high-performance coaching doesn’t sugarcoat this reality. You’ll have to make hard choices, sacrifice comfort, and sometimes let go of relationships or habits that no longer serve you. This isn’t for everyone, and that’s okay. High-performance coaching is for those truly committed to reaching their full potential, no matter the cost.

Mental Toughness: Embracing Failure and Resilience

Lastly, let’s address mental toughness. Developing a High-Performance Mind State means embracing failure and building resilience. You will fail, and you will face setbacks. The key is to learn from those experiences and bounce back stronger. High-performance coaching teaches you to see failure not as a defeat but as a stepping stone to success. It’s about cultivating a mindset that thrives on challenges and grows from adversity.

Seven Actionable Steps to Unleash Your High-Performance Mind State

Alright, time to roll up those sleeves and get down to business. Here are seven practical steps to start unleashing your High-Performance Mind State and reviving your business in 30 days. Ready? Let’s go!

1. Set Clear, Measurable Goals

Why It Matters: Without clear goals, you’re like a ship without a rudder—aimlessly drifting without direction.

Action Step: Write down three specific, measurable goals you want to achieve in the next 30 days. Make them challenging yet achievable. Break each goal into smaller, actionable tasks and set deadlines for each one. Track your progress daily and adjust your plan as needed.

2. Cultivate a Positive Attitude

Why It Matters: Your attitude shapes your reality. A positive, resilient attitude can turn obstacles into opportunities.

Action Step: Start each day with a positive affirmation. Surround yourself with positive influences—books, podcasts, people. When faced with a challenge, consciously shift your perspective to see the opportunity within the obstacle. Practice gratitude daily by writing down three things you’re thankful for.

3. Pursue Mastery

Why It Matters: Excellence isn’t a destination; it’s a continuous journey. Striving for mastery keeps you ahead of the curve.

Action Step: Identify one area of your business or personal life where you want to improve. Dedicate at least 30 minutes daily to learning and practicing skills in this area. This could be through reading, online courses, or hands-on practice. Track your progress and celebrate milestones along the way.

“Knowledge is power. Information is liberating. Education is the premise of progress, in every society, in every family.” – Kofi Annan

4. Implement Robust Systems

Why It Matters: Systems create consistency and efficiency, freeing up your mental space for strategic thinking.

Action Step: Identify three key processes in your business that need improvement. Document each process step-by-step and look for ways to streamline or automate them. Implement the changes and monitor the results. Adjust as necessary to ensure the systems run smoothly and effectively.

5. Engage in Self-Discovery

Why It Matters: Understanding your strengths, weaknesses, and triggers is crucial for personal and professional growth.

Action Step: Set aside 15 minutes each day for self-reflection. Use this time to journal about your thoughts, feelings, and experiences. Seek feedback from trusted colleagues, friends, or a coach to gain insights into areas for improvement. Regularly review your reflections and feedback to identify patterns and opportunities for growth.

6. Tackle Burnout Head-On

Why It Matters: Burnout is a productivity killer. Maintaining your energy and motivation is essential for high performance.

Action Step: Schedule regular breaks throughout your day to recharge. Incorporate activities such as exercise, meditation, or hobbies that rejuvenate you. Set boundaries to protect your time and avoid overworking. Make sleep a priority—aim for at least 7-8 hours per night. Remember, rest is essential for sustained high performance.

7. Confront and Transform Trauma

Why It Matters: Unresolved trauma can hold you back. Confronting it allows you to transform it into a source of strength.

Action Step: Acknowledge any past traumas or significant challenges you’ve faced. Seek professional help if needed—therapists, counselors, or coaches can provide valuable support. Engage in practices that promote healing, such as mindfulness, meditation, or journaling. Use your experiences to fuel your growth and resilience, turning past pain into present power.

Conclusion: Take Charge and Transform Your Business Now!

Alright, trailblazers, we’ve covered a lot of ground. From embracing the brutal reality of why your business is failing to dive deep into the transformative power of the High-Performance Mind State, you’re now armed with the knowledge and tools to turn things around in just 30 days.

Let’s recap the key points:

  • Set Clear, Measurable Goals: Without a clear direction, you’re going nowhere fast. Define your goals and break them down into actionable steps.
  • Cultivate a Positive Attitude: Your mindset shapes your reality. Stay positive and turn obstacles into opportunities.
  • Pursue Mastery: Excellence is a journey, not a destination. Continuously improve and hone your skills.
  • Implement Robust Systems: Efficiency and consistency come from having strong systems in place. Streamline your processes to free up mental space.
  • Engage in Self-Discovery: Understand your strengths and weaknesses. Reflect regularly and seek feedback for growth.
  • Tackle Burnout Head-On: Protect your energy and avoid burnout by prioritizing rest and rejuvenation.
  • Confront and Transform Trauma: Use your past experiences as fuel for your present and future success. Seek help if needed and turn pain into power.

These steps are your roadmap to achieving a High-Performance Mind State and revitalizing your business. It won’t be easy, but the rewards are more than worth the effort. Imagine a business

that’s thriving, a team that’s inspired, and a legacy that you’re proud to leave behind. It’s all within your reach, but you have to take the first step.

The journey to high performance starts with a single decision: to commit. Commit to changing your mindset, to pushing your boundaries, and to relentlessly pursuing your goals. Embrace the RAMS framework, face your fears, and transform your setbacks into setups for success.

“The future belongs to those who believe in the beauty of their dreams.”

Eleanor Roosevelt

So, what are you waiting for? The clock is ticking, and your 30-day challenge starts now. It’s time to stop making excuses and start making progress. Take charge of your destiny, unleash your High-Performance Mind State, and watch your business and life transform before your eyes. Your future self is cheering you on—don’t let them down.

Let’s make it happen. Take the plunge, embrace the journey, and become the hero of your own story. The path to greatness is yours to take. Let’s do this!

Take the Leap: Schedule Your Adventure Call Now!

Ready to stop making excuses and start making progress? It’s time to take the plunge and embark on a transformative journey with Baz Porter. The path to a thriving business and a legacy of success starts with a single step: scheduling your Adventure Call.

Unlock Your High-Performance Mind State:

  • Personalized Insights: Get tailored strategies to overcome your unique challenges.
  • Proven Framework: Leverage the RAMS approach to achieve extraordinary results.
  • Transformational Coaching: Experience the game-changing power of high-performance coaching.

Don’t let another day go by with your business stuck in a rut. Book your Adventure Call today and take the first step towards unlocking your full potential. Click the link below to schedule your call and start your journey to success!

Schedule Your Adventure Call Now!

Categories
Best Practices Growth Marketing

AI = Your Content Creation Catalyst

AI = Your Content Creation Catalyst

Artificial intelligence is a transformative force in content creation, particularly for those either swamped with writing assignments or wrestling with the mental block that often plagues writers. Where AI shines is in its capacity to automate tasks that are frequently time-consuming and repetitive. Imagine the freedom you’d experience when a machine efficiently scans vast datasets for you, verifying facts or even generating initial outlines. This time-saving aspect allows you to concentrate more on adding your unique narrative voice and emotional depth to your content rather than getting entangled in the web of endless research.

Similarly, AI is not just about raw computational power; it also offers advanced analytics that can deepen your understanding of your readership. This information helps you tailor your writing to better align with your audience’s needs, enhancing reader engagement and satisfaction. It can pinpoint trends and suggest styles or topics that are more likely to resonate with the audience.

But let’s not lose sight of why this complementary relationship between human creativity and artificial intelligence is so valuable to you. By leveraging AI to handle the heavy lifting—data collection, initial drafts, and audience analytics—you can devote more of your energies to the creative and emotionally nuanced aspects of your work. Essentially, AI is an invaluable partner, allowing you to fulfill the ever-increasing demands for high-quality, engaging content without sacrificing the personal touch that only a human can provide.

This balanced approach paves the way for a more efficient and compelling content creation process. You get to combine the best of both worlds: the computational efficiency of AI and the emotional intelligence and creative flair you bring to the table.

Categories
Best Practices Growth Marketing

Mastering AI for Optimal Content Creation

Mastering AI for Optimal Content Creation

When we discuss artificial intelligence in content creation, we’re often caught up in its output—what it produces. However, comprehending how it gets there is equally illuminating, especially for those who aim to harness its capabilities for more insightful and precise text. There are, essentially, four major elements when an AI model generates text.

The first is the training data, a compilation of extensive and diverse text samples from multiple sources. This is the foundational layer of AI with a broad base of existing knowledge. The role of this data can’t be understated; it serves as the raw material on which all subsequent activity is based.

The next element is the algorithmic interpretation of this data. Unlike the human mind, which comprehends and processes information organically, AI relies on mathematical formulas to sift through its training data. The algorithm identifies patterns, gauges context, and forecasts subsequent text, albeit without real comprehension. Essentially, it excels at determining what text is likely to come next based on statistical probabilities.

Then comes the user input, a crucial pivot in the AI text generation process. When you present a query or a prompt to an AI model, it matches your input against the patterns it has unearthed during its training. This doesn’t mean the AI is surfing the web to find real-time answers; instead, it leverages its internal database of pre-learned information to formulate a relevant response.

Lastly, we reach the output stage, where the AI produces the text after the steps mentioned earlier. The primary objective is to ensure the output is coherent, contextually appropriate, and grammatically sound.

So, why should any of this matter to you? The more you comprehend the intricacies of AI writing, the better equipped you are to fine-tune your queries for more accurate and meaningful responses. Being aware of AI’s capabilities and limitations enables you to tailor your input to elicit detailed output, thus amplifying the quality of the resultant text. So, while AI may not replace the unique qualities of human creativity, it can certainly act as a powerful tool for those who know how to wield it effectively.

Categories
Marketing Strategy

Unlock Next-Level Content with AI

Unlock Next-Level Content with AI

The role of AI in content creation is more significant than ever, and, likely, you’ve already encountered articles or copy generated by artificial intelligence without even realizing it. The growing influence of AI isn’t isolated to just content; it’s a transformative force across multiple industries.

As businesses increasingly understand the importance of attracting organic traffic and engaging their customer base, the demand for original, high-quality content is rising. The upside is that technology, remarkably, AI is poised to meet this growing need more efficiently than traditional methods.

So, whether you’re crafting articles, social media posts, or any other form of content, AI can streamline your creative process. Utilizing AI can save you considerable time and significantly reduce the financial investment needed to hire specialized writers.

Why is this important for you? Leaning on AI tools for content creation allows you to focus more on strategy and less on the manual labor of writing, thereby giving you an edge in today’s competitive landscape. By understanding how to integrate AI into your content generation process effectively, you can fulfill the ever-increasing content requirements without sacrificing quality.

The Role of Human Creativity

The notion that artificial intelligence might eventually overshadow human writers has indeed been a point of concern. While it’s easy to marvel at the technological prowess of AI, particularly its ability to sort through enormous datasets and generate text, one has to remember that it still lacks several crucial human attributes. Imagination, emotional resonance, and a deep understanding of cultural nuance are uniquely human traits. These are the elements that allow human writers to craft content that informs and deeply connects with the audience.

The Limitations of AI

AI is powerful but confined by its very nature. For example, while it can sift through millions of articles and web pages to collect data or verify facts, it cannot intuitively understand the subtleties of human experience, emotion, or cultural context. Imagine trying to program a machine to write humor or create a piece of fiction that truly captures the human condition. These tasks involve a level of creativity and a nuanced understanding of human psychology that AI cannot replicate.

Collaboration, Not Competition

In recognizing the respective strengths and weaknesses of both AI and human creativity, the wisest course of action is to combine their capabilities. AI serves as an invaluable ally, handling the labor-intensive, analytical tasks in content creation like data collection and preliminary drafting. This collaboration allows human writers to devote their energies to the creative and emotionally resonant elements, enriching the final content.

The value here for you, particularly if you are involved in content creation or strategy, is multi-layered. Understanding the interplay between AI capabilities and human creativity allows you to optimize your content production process. You can deploy AI for time-consuming tasks requiring brute computational power and reserve the human touch for elements that require emotional intelligence and creative flair. This dual approach maximizes efficiency without sacrificing the quality that only human input can provide.

By recognizing AI as a powerful tool rather than a threat, you’re better positioned to create content that is not only efficient but also profoundly engaging for your audience.

AI writers like ChatGPT utilize natural language processing (NLP), which is a branch of artificial intelligence that focuses on enabling computers to understand, interpret, and respond to human language. This is far more than just a keyword-based search; it’s an intricate process that mimics human cognition to some extent.

Categories
Economics Growth Skills

The topstep of funded traders is APEX

The topstep of funded traders is APEX TRADER FUNDING

There are dozens of prop firms but none that have made it to the top like APEX.

Apex Trader Fundng topstep promo coupon affiliate link

New to investing? Understand your options!

Using a proprietary trading (prop) firm as a new retail investor can offer several benefits and opportunities, but it’s essential to understand the pros and cons before making a decision. Here are some reasons why a new investor might choose to use a prop firm to trade:

Benefits

  1. Leverage and Capital Access:
    • Prop firms provide access to significant capital, allowing traders to control larger positions than they could with their own funds. This can enhance profit potential.
  2. Reduced Personal Risk:
    • Trading with a prop firm means you risk less of your own capital. The firm typically absorbs the majority of the risk, although you might need to contribute a smaller amount for training or account setup.
  3. Education and Mentorship:
    • Many prop firms offer extensive training programs, mentorship, and resources to help new traders develop their skills and strategies. This can be invaluable for someone just starting out.
  4. Professional Environment:
    • Being part of a prop firm allows you to trade in a professional environment with access to advanced trading tools, software, and data. This can improve your trading efficiency and decision-making.
  5. Performance-Based Rewards:
    • Successful traders can earn substantial payouts based on their performance. This merit-based system can be motivating and rewarding.

Drawbacks

  1. Profit Split:
    • Prop firms typically take a significant share of your trading profits. The profit split can vary, but it means you’ll take home less than if you were trading independently.
  2. Pressure to Perform:
    • Trading with a prop firm can be high-pressure, as you need to meet performance targets to maintain your position and access to capital.
  3. Restrictions and Rules:
    • Prop firms often have strict rules and guidelines traders must follow. This can limit your trading style or strategies.
  4. Initial Costs:
    • Some prop firms require an upfront fee for training, software, or account setup. This can be a barrier for some new traders.
  5. Commitment:
    • Prop firms may require a significant time commitment, which could be challenging for those with other responsibilities or commitments.

Types of investments from the topstep of traders

Types Of Investments And Trading Hours

I have provided a chart listing various types of investments along with their typical trading hours in Eastern Standard Time (EST). If you need further details or have additional questions, feel free to ask!

How much money can a new investor make using a prop firm?

“The process may be confusing at first, but within a few hours, you will start to understand.”

Actual results may vary for each member, but the author of this article has passed 2 prop firm accounts.

Prop Account #1 : ( PROFIT $1637.80) It took about 10 hours to get to know the process, and I traded for 1 hour a day for about 6 days and passed.

At this point I realized 2 things:

  1. You can request deposits at certain times of the month, so I stopped trading in this account to ensure I was able to keep my profit and started a larger account that would allow for a higher profit withdraw and allow me to keep trading. (total out of pocket at this point $87.00) Using a Funded Trader Coupon to get discount!
  2.  So I thought it was easy and blew 3 accounts (cost $120.00) Added a 5th account, and passed so. had to pay $100.00 to convert.

I now have over $1600 coming to me, and have spent about $350.00 with 2 accounts to take profit from.

Trader Profit Training Account $15,257 ( I now have confidence in the process, making over $15k in 10 days) in an eval account that has turned into a PA account that will allow me to take $6k a month!

Goal: $15k a month PART-TIME

This is after about 40 hours of working in the first 40 days,  now have not only the confidence but the tools to make over $150k a year working part time!

Just broke $12k in profit in an eval account….I have started another account to allow for more profit (close to passing in less than 10 days)

Day Trader increase in Profit $28,883.08 in P&L increaase in under 30 days for under $300.00 out of pocket!

Apex Trader Fundng topstep promo coupon affiliate link

Conclusion

For a new investor, joining a prop firm can be a double-edged sword. The access to capital, training, and professional environment can accelerate learning and potentially lead to higher profits. However, the pressure, profit splits, and potential costs are important factors to consider. It’s crucial to thoroughly research different prop firms, understand their terms, and assess whether the environment and conditions align with your trading goals and risk tolerance.

Why is day trading one of the fastest-growing side hustles?

Why Day Trading with a Prop Firm is Perfect for Part-Time Work and Flexible Hours

In today’s fast-paced world, the allure of flexible work hours and the potential to earn a substantial income draws many to consider day trading as a side hustle. For those looking to dive into this exciting world, partnering with a proprietary trading (prop) firm can be an ideal way to start. Here’s why day trading with a prop firm is an excellent fit for people seeking part-time work with the potential to make full-time money.

1. Access to Capital

One of the most significant barriers to entry in day trading is the substantial capital required to make meaningful trades. Prop firms provide traders with access to their capital, allowing you to trade larger positions than you could with your own funds. This access can significantly enhance your profit potential without risking a large amount of your own money.

2. Comprehensive Training Programs

Many prop firms offer extensive training programs tailored to new traders. These programs cover the fundamentals of trading, advanced strategies, risk management, and the use of trading platforms. Learning from experienced traders and having access to professional resources can accelerate your learning curve, giving you the knowledge and skills needed to succeed in the markets.

3. Flexible Trading Hours

Day trading offers flexibility that is hard to find in traditional jobs. Depending on the markets you trade (stocks, forex, futures), you can choose trading hours that fit your schedule. Prop firms often provide access to multiple markets, enabling you to trade at different times of the day. This flexibility makes it possible to balance trading with other commitments, making it an ideal side hustle.

4. Lower Personal Financial Risk

When trading with a prop firm, you are primarily using the firm’s capital. While you may need to deposit a small amount to get started, your personal financial risk is significantly lower than trading independently. The firm absorbs most of the financial risk, allowing you to focus on developing your trading strategies without the fear of losing a significant portion of your own money.

5. Performance-Based Rewards

Prop firms operate on a performance-based model, meaning your income is directly tied to your trading success. High-performing traders can earn substantial payouts, often much higher than what is possible in traditional part-time jobs. This merit-based system can be highly motivating, encouraging you to continually improve your skills and strategies.

6. Access to Advanced Tools and Technology

Prop firms provide their traders with state-of-the-art trading platforms, real-time data feeds, and advanced analytical tools. These resources are often too expensive for individual traders but are crucial for making informed trading decisions. With these tools at your disposal, you can enhance your trading performance and gain a competitive edge in the market.

7. Mentorship and Community Support

Being part of a prop firm means you are not trading alone. You have access to a community of traders and mentors who can provide guidance, share strategies, and offer support. This collaborative environment can be incredibly beneficial, especially for new traders looking to learn from more experienced professionals.

8. Scalability

As you gain experience and demonstrate consistent profitability, prop firms often increase the amount of capital available to you. This scalability means your potential earnings can grow significantly over time. What starts as a part-time side hustle can evolve into a highly lucrative career.

Conclusion

Day trading with a prop firm offers a unique blend of flexibility, education, and financial opportunity that is ideal for those looking to earn full-time money on a part-time schedule. The combination of access to capital, comprehensive training, and a supportive trading environment makes prop firms an excellent starting point for aspiring traders. Whether you’re looking to supplement your income or eventually transition into full-time trading, partnering with a prop firm can provide the resources and support needed to achieve your financial goals.

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Categories
Entrepreneurship

Burn the Rulebook: Why Your Next Big Move is Illogical

If you’re gunning for a legacy that laughs in the face of convention, welcome to the vanguard. It’s time to torch the traditional playbook and embrace the illogical as your new north star. For those with the courage to leap where there’s no ledge, the world doesn’t just open its doors—it gives you the keys to the kingdom.

Why Fit In When You Were Born to Stand Out?

“Only those who will risk going too far can possibly find out how far one can go.” —T.S. Eliot

Conventional wisdom is the crowded lane of the uninspired. If your dreams don’t scare you, they’re not big enough. Today, we’re not just stepping outside the box; we’re crushing it underfoot. Because the greatest achievements in history come from those who dare to appear foolish to the crowd.

Lead Like a Legend—Tomorrow Is For the Timid

“The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.” —Ronald Reagan

Every clock tick is a step toward obsolescence or a stride toward eternity. Choose your direction with audacity. Leadership isn’t about filling shoes; it’s about outgrowing them every damn day. Lead as if you were to live forever, and you’ll carve out a legacy that just might.

Throw Out the Rulebook—Innovation Waits for No One

“Learn the rules like a pro, so you can break them like an artist.” —Pablo Picasso

Whoever made the rules was banking on you to follow them. Break them, and you’re not just a player—you’re the game changer. The path less traveled is less traveled for a reason: it’s rough, it’s untamed, and it’s fraught with the shadows of uncertainty. Yet, it is also where new legends are born.

RAMS Unleashed: Redefining the Road to Remarkable

Here’s how R.A.M.S tears up the rulebook and redraws the map:

  1. Results: Don’t just aim to meet expectations; shatter them. Your results should leave a legacy that lingers long after you’re gone.
  2. Attitude: Your mind state isn’t just part of the game—it is the game. Cultivate a spirit that speaks before you even open your mouth.
  3. Mastery: Master your craft so that your very name becomes synonymous with excellence in your field.
  4. Systems: Build bold systems that defy tradition but deliver triumphs. Innovative systems are the secret recipes of legendary chefs.

Controversy as Currency: Investing in the Audacious

“If you are not willing to risk the unusual, you will have to settle for the ordinary.” —Jim Rohn

The more your moves defy explanation, the more they compel attention. Let them call your strategies mad; madness is just genius that hasn’t been understood yet. Controversial leaders are the ones who rewrite history, not just read it.

Laugh in the Face of Logic

“Logic will get you from A to B. Imagination will take you everywhere.” —Albert Einstein

The journey to legendary is littered with laughter—not just at the challenges you face, but at the absurdity of the notion that they could ever stop you. Your legacy is built on the bricks of boldness, cemented with the mortar of madness.

Why ‘Illogical’ Is the New ‘Logical

In a world that worships the rational, ‘illogical’ is your secret weapon. It separates the trailblazers from the trackers, the pioneers from the followers. When the crowd zigs, it’s your cue to zag—spectacularly.

So, here’s to the illogical, irrational, and outright insane strategies that pave the streets of the future. Burn the Rulebook because your next big move isn’t just outside the box—it’s beyond it.

Are you ready to light the match? Let’s ignite a blaze so bright that it burns through the pages of history.

Step Into the Arena of Legends

Are you ready to join a league where the ordinary is outlawed, and the extraordinary is the norm? Accept this invitation to revolutionize not just your business but your entire legacy. Click below to activate your 14-day free trial in the Legacy Leaders League, where bold minds converge to forge the future.

Join the Legacy Leaders League – Start Your Free Trial Now!

Dare to lead, dare to succeed. Welcome to your new epicenter of innovation.

Categories
Growth Leadership Operations

FAQ: “Typical North American Management”

I often refer to “Typical North American Management” in my presentations and writing. The term is even referenced in the Amazon listing for Iterate. Over the years I’ve gotten enough questions about it that I thought a quick Q and A would be useful. So here we go…


Q: What do you mean by “typical North American management”?

A: It’s a term I inherited from my mentor and predecessor; I use it as shorthand for the standard way that most companies are managed and run.  My understanding is that about 80% of companies across all spaces work in roughly this way. It’s the basis for what we see in media, and what we carry and reinforce in popular culture regarding how management works.

Why “North American”? Isn’t this worldwide?

It often is, but I’m reasonably certain this style of management comes from habits that grew out of North American industrialization and commercialization, influencing outward from there. (Think: cross-country railway construction.) Plus, in working globally on Iterative Management®, I’ve found other cultures often struggle with different aspects of the methodology, I think because they enter with different norms. For example, US managers frequently have a hard time with the idea that a management team succeeds or fails together – we’re still a bit culturally stuck on the idea of lone cowboys succeeding despite their coworkers or leadership.  Eastern cultures seem often to have fewer challenges on that front, but more difficulty than their US counterparts with the idea of making and acting on decisions in the face of overt disagreement.  So, I say “North American” to remind myself and everyone that not all cultures start from the same set of assumptions.

OK, so what is typical North American management?

There’s lots of nuance to that answer, but at a high level it’s the idea that management’s job is to set a strategy and a plan at the beginning of the year and then meet weekly or regularly with employees to check how things are going and report it upwards, fixing problems as they go.

What’s wrong with that?

Nothing… except that it doesn’t work because it’s not well-matched to reality.  As soon as we start to move forward in time, things change! Efforts go differently than expected or have different results, we learn new and different things about what we’re trying to accomplish and the environment we’re doing it in, and the all-important plan becomes progressively less reflective of real life.  Managers respond to that difference by running around between meetings trying to figure out what has changed, who they need to talk to about it, and what needs to be decided how and by whom, to get somewhat back on track. Then they go to meetings with their bosses and give performative status updates with various levels of positive spin that basically can be summarized as “things are mostly on track here, don’t worry, and please look somewhere else.”

This puts the boss in the position of having to suss out what’s really happening and work solo to uncover problematic interdependencies. Worse, with five of those updates at about nine minutes each, a one-hour weekly staff meeting can come and go without ever looking at any high priority issues or making any significant decisions.  It’s more like a series of one-on-one meetings with the rest of the team taking turns in the role of an audience that may be allowed to ask clarifying or philosophical questions but wouldn’t dare poke holes in the narrative for fear of having the favor returned.

Yeah, that meeting could have been an e-mail.

Then what’s the opposite of typical North American Management?

It’s what I call Iterative Management®, though it’s the behaviors that matter, not the label. In this approach, the group gets together, and someone says, “hey boss, we’re trying to get to point A in the future together. Right now my part of things looks like it’s pushing us more toward point B.  Here’s what I recommend all of us do to get back on track and/or adjust our expectations.” In about three minutes, one person can tee up a substantive discussion, and then the leader along with multiple impacted team members can make a decision and commit to some action before they leave. In this way you get more decisions per cycle, more actions per cycle, and more chances to revisit changes that didn’t work in the way that was expected in prior cycles. Meetings actively engage team members in deciding on what to do today to influence tomorrow, instead of saddling them with dog-and-pony shows or improvisational speaking exercises focused mostly on what’s already happened.

So both typical North American management and Iterative Management® are about meetings?

Yes and no. Meetings are where the management culture is most apparent, so it’s true that a move toward Iterative Management® will change how meetings look and how well they function. It’s also true that if you hire your friendly local Iterate® guy to assess your management culture, he’ll spend a lot of time watching meetings because they’re a showcase of what’s happening.  But you can’t fix management culture just by fixing meetings, because many of the behavioral norms required to make the meetings better happen before and after them. The change makes meetings more effective, but it’s much more than an effective meetings campaign.

The most useful way to think about meetings is as the stage on which your management culture plays out – in particular, its flexibility, its adaptability, and its capacity for intelligent group decision-making and quick action. If you watch for those issues in management meetings and aren’t happy with what you see, that’s a big hint that you have some improvement to do outside of them as well.  By the way, if you’re not sure how to observe your meetings for those elements, every copy of Iterate includes a pretty detailed Assessment of Iterative Management® Practices, so if you already have the book that’s a good (and free) place to start.

If I want to move my group away from typical North American management and toward Iterative Management®, what’s the best way to start?

Making this information as accessible as possible is part of my ongoing work and consistent with my values. If you want to do it yourself, the website and video collections are free, and the book is relatively inexpensive. If you want help, classes and simulations are engaging and moderately priced. If you just want to get thing started fast, the one-quarter accelerator provides quick and substantive payoff.

But whatever you do, I’d encourage you to get in the habit of noticing and steering away from typical North American management.  Unless you’re doing something as simple and linear as building long stretches of railway, you and your team would probably benefit from a more sophisticated approach.


Like this and want more? Watch Ed Muzio’s new TV Series, “One Small Step” on C-Suite Network TV. And, Visit the Group Harmonics Industry Intelligence Archive for ideas, whitepapers, and case studies about changing culture and how management culture impacts so many facets of the organization.

Categories
Advice Branding Marketing

Your Potential Franchisees Have Changed . . . Have You?

More and more of your potential franchise buyers today are members of Generation Y and Generation Z. Do you understand them? Are you sure you are selling to them in the most effective ways possible?

Just to review, members of Generation Y (who are also called millennials) were born in the 1980s and 1990s and are roughly between the ages 30 and 40 today. Members of Generation Z were born between the mid-1990s and the early 2010s. The older members of this group, who are about age 25 today, are out there shopping for franchises today too.

If you think back on the people who have visited you at franchise expos and met with members of your franchise sales team lately, you will realize that a growing majority of your potential franchisees are members of Generations Y and Z.

But are you talking to them in the right way?

What Has Changed?

A great shift has taken place in the way members of those generations shop for franchises, compared to how members of older generations did. In brief, here is one thing that has changed .

  • Members of Generation Y and Generation Z do a much larger percentage of their buying research online. They are likely to know a lot about you before they even talk to you.
  • Members of older generations, including Baby Boomers (born between 1946 and 1964) still prefer to learn about you by having conversations with real, living people.

Members of both those groups will drop by to speak with you at franchise expos. They will call you up. And if they are interested, they will want to sit down with your representatives to make the most informed buying decisions possible.

The difference is that potential franchisees from Generation Y and Z will usually know a lot more about your franchise before they have made those contacts. They will often tell you, “I have read everything on your website, and I need you to tell me more.”

How can you do a much better job recruiting those members of Gen Y and Z?

Provide a Deeper Level of Information Online

On your website and your social media channels too, be sure to provide:

  • Testimonials from your current franchisees.
  • Deeper information about who you are, what you sell, how your systems work, and more.
  • Information about the unique technology you use, because technology “speaks” to members of those younger generations.
  • In-depth information about the training you offer, because when potential franchisees understand that you offer exceptional training, they feel more confident that they will know how to succeed if they become your franchisees.
  • Still more information about your annual franchise conventions, the systems you use to communicate with franchisees, and more. The more information they know, the more confident they will feel about coming on board.

What About Securing Your Information?

I have sometimes heard franchise executives say, “I hesitate to put too much information about our system online, where anyone can see it – our competitors, for example. We have to protect ourselves.”

That is a valid concern, but keeping your information hidden from sight can be a mistake in a day when many more of your potential franchisees – those members of Generations Y and Z – want to know everything before they will consider joining your franchise family.

One solution to this problem is to include a questionnaire on your website that potential franchisees can fill out to request more in-depth information or a call from a member of your franchise sales team. On this form, you can ask potential franchisees to indicate their locations, how far along they are with their decision-making process, and of course to provide contact information. Once these potential buyers become “qualified leads” by filling out your questionnaire, you can start those conversations while feeling more secure about providing them with a level of in-depth information that you might not want to provide openly on your website for all visitors to see.

Categories
Growth

Profit Over People: The Dark Arts of Billion-Dollar CEOs

The Unseen Cost of Billions

In the glossy world of billion-dollar enterprises, where every quarterly report is a battle won, there lies a shadowy truth—a relentless pursuit of profit that often comes at the expense of those who oil the gears of these corporate machines. As we peel back the layers of financial statements and investor presentations, we confront a disturbing question: At what cost does success come?

The Ruthless Pursuit of Profit

For many top-tier CEOs, the bottom line is the altar at which all decisions are made. Ethical considerations take a back seat when the relentless pressure to deliver returns clouds judgment. Whether it’s cutting corners in safety protocols in the rush to market a new product, or manipulating financial reports to inflate stock prices, the stories are numerous and the tactics, chillingly effective. The mantra seems clear: Deliver growth, by any means necessary.

Corporate Strategies That Sideline the Human Element

Take a walk through the annals of modern business strategies, and you’ll find a graveyard of jobs lost to the twin specters of outsourcing and automation. While these moves often boost profit margins and send stock prices soaring, they also leave a trail of disrupted lives and eroded community structures. Companies tout efficiency and lean operations, but the subtext often reads: maximum output, minimal human input.

The Ethical Dilemma and Public Image

In the high-wire act of managing a billion-dollar corporation, public image is the safety net. Today’s CEOs spend considerable resources on crafting a persona of corporate responsibility, often highlighted by well-publicized CSR initiatives. But scratch the veneer, and you find that these efforts are frequently more about image management than genuine social impact. The question arises: Are these leaders truly invested in change, or are they merely curating a brand?

The Consequences of a Profit-First Mentality

The ripple effects of a profit-over-people philosophy are profound. Beyond the immediate job losses and community impacts, there are long-term societal consequences that include widening economic disparities and environmental degradation. Companies that prioritize dividends over decency contribute to a cycle of inequality and instability that can undermine social fabric.

The Path Forward: Ethical Leadership

It’s not all doom and gloom, however. A new wave of business leaders is emerging—those who understand that true success is measured not just in currency, but in the currency of real, positive impact on society. These leaders champion business models that value employee well-being, sustainable practices, and ethical operations as core components of their strategy, proving that it is possible to achieve both profit and social good.

Conclusion: Rethinking Success in Corporate America

As we stand at this crossroads, it’s time to redefine what success looks like in the corporate world. Is it the relentless pursuit of profit at any cost, or is it the balanced achievement of wealth coupled with well-being? For those in the echelons of power, the choice is clear. The true measure of their legacy will be how they answered this question.

In a world teeming with challenges, from climate crises to stark inequalities, the role of a CEO is more than just managing a company—it’s about leading a part of humanity. Can our top executives rise to this challenge? The health of our planet and the well-being of its people may depend on their answer.

Join the Movement for Ethical Leadership

Are you ready to stand for more than just profit? To push for a corporate culture that values people just as much as it values performance? It’s time to challenge the status quo and demand more from our leaders.

Act Now:

  • Educate Yourself and Your Team: Learn and integrate ethical business practices into your daily operations. Knowledge is power.
  • Voice Your Values: Use your influence in corporate decisions to advocate for policies and practices prioritizing long-term well-being over short-term gains.
  • Support Responsible Businesses: Choose to partner with and invest in companies that are committed to ethical practices and sustainable growth.

Change begins with us. Let’s redefine business success. Become a champion for ethical leadership in your community and beyond. Start today by signing up for our newsletter for more insights and updates on making a difference.

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