Tag Archives: mentors

Brisbane Lord Mayors Economic Development Business Forum- Rapid Business Growth

The night was one of two excellent speakers. Both young at age 36. I also invited along with me a young entrepreneur in the making. Dean is 25 and wanting to learn about business. I am glad I invited him to attend this particular forum.

Ian Davies, Managing Director and CEO of Senex Energy gave an excellent presentation of how he took a public company with $20m turnover in 2010 to become a $200m turnover business in 2014. All of this from a man who is only 36 years old. Ian noted the struggles his company faced as an energy explorer, from a flood wiping out roads and bridges and having to build new ones. To then be hit by another flood that wiped out that road and having to build another one higher. Some of the key points I took away from Ian’s presentation

  • Systems and Procedures– Ian noted that once you start to grow a business, the importance of systems and procedures becomes even greater to ensure the business is running course. Growth means more people, increasing the need to manage them more efficiently and keep them on course with a given framework of how the business is to operate.
  • Mentors– Ian as a young MD and CEO was targeted early by his now mentor to take on his current position. He quickly had to learn about all facets of the business. Ian stated that he is not a geologist, but he can talk with the best of them from his having to understand the core business of exploration. He did this by finding mentors whose knowledge and experience he could draw upon.

Anthony Yap, Managing Director of Good Price Pharmacy gave an inspiring presentation. From the time he left university aged 21 Anthony had one ambition, to own his own pharmacy. He started as a manager at a pharmacy working tirelessly to learn about how they ran their business. In one year he had purchased his first pharmacy. That quickly began to grow in numbers where the second pharmacy he bought for $270k he sold one year later for $1.2m. Anthony also told of his fight against a major competitor who setup a discount pharmacy only doors down from his own. At a meeting with his competitor, they told him they had the budget to drive him out of business. Anthony stood his ground to now run 44 stores. Some of the key points I took away from Anthony’s presentation

  • Systems and Procedures– This was the first thing Anthony learnt about while managing a pharmacy. He wanted to know every process that was involved in running a pharmacy so he could implement them into his own. This is how he could buy a business for $270k and sell it one year later for $1.2m.
  • Passion and Persistence– You need to be hungry for business to drive you to work at it. Anthony was asked “How do you know if you have a passion for business?” his response was “If you have to ask yourself that question then you don’t have the passion”. Persistence is what got him his first store and allowed him to endure the ordeals of his competitors.
  • Directors and Shareholders Agreements– As one of 4 partners initially, Anthony went through the ordeal of buying out his partners where there was no partnership agreement in place setting out the agreed buy out/exit procedure for a partner. This cost both time and money, taking a toll on the business.

 

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How I Lost 18Kg By Eating An Elephant (Part 1 of 4)

eating-an-elephantIn June 2013 I weighed 92 kg’s, was a size 36″ waist and 43cm neck. Today writing this I weigh 74 kg’s with a 34″ waist and 40cm neck. I lost about 3kg’s per month to November 2013. Many people have asked me “how did you lose so much weight?” I haven’t been able to give them the full story because I didn’t have the time, nor is it easy to explain. But I did it by first deciding I was going to lose weight and make myself the promise I will keep it off. This is the hard part, making the decision. I am not talking about the decision many people are doing at this time of year by making a “New Years Resolution”, where on the 1st January they start eating rabbit food, starting fad diets and going to the gym for 3 hours each day. Only to stop after 3 weeks because they have lost the motivation to continue. I am talking about the real decision of whether you want to lose weight and keep it off. And the decision begins by asking the question “Why do I want to lose weight?”

Why I Wanted To Lose Weight

My story begins with a general check up with my doctor. One of the general questions he asked was “are you short of breathe when walking up steps or doing normal activity?” my response was “Yes, but that is because I’m just unfit and I am carrying a few extra kilo’s. Yes, I know I should do some exercise and eat better.”

In those two sentences I realised I had a problem I knew the solution to, yet I had done nothing about it. Any reasons I had for not exercising or not eating healthier were not reason’s, but excuses I used as reasons! I now had no excuses, I only had myself to admit it to. I needed to lose weight to improve my health. Also to improve my self esteem and later it helped to improve my work.

  • The WHY is more important than how and when. WHY will determine how and when.

I have listened to various business speakers on success and how to achieve goals. And the first thing you must do for any goal is to create a strong enough reason why you must do it. Tony Robbins and Robert Kiyosaki are two speakers that come to mind on this. I recommend you listen to Tony Robbins “Awaken The Giant Within” Youtube audio clip below. So now I had my WHY.

What Needed To Change.

Simply put, if I was going to lose this weight I knew I would have to change what I was doing.

Firstly, I had to eat better

I had to stop eating so much food. When I served up my plate, I would put more than I needed on it. And if there were left overs, because they were there I went back for seconds. So first I had to make the decision to cut back on how much I would eat. With the convenience of having food when ever we need it, we eat constantly and I must admit sometimes when we don’t need it but we eat it anyway. For example I am a boredom eater! I eat as something to do.

I had to eat better. I needed to eat better foods. I didn’t eat junk food all the time, but I ate a lot of things I shouldn’t have eaten a lot of, such as bread. I needed to eat more salad and vegetables.

Finally WATER!!!!!! If there was soft drink in the fridge, I would drink it. Water was far better.

So I had to do this in a way that I would continue to eat better. I had to start an eating habit that I would continue to do, not because I had to but because I enjoyed it! This was about a lifestyle change. Not a diet I would start and either get sick of and stop; or making my goal weight and then go back to my bad eating habits. I had to continue this because I enjoyed eating these foods.

Secondly, I had to exercise

Again, I had every excuse why I couldn’t or didn’t want to exercise. Not enough time; its boring; I can’t afford the gym or personal trainer- RUBBISH! I had a pair of joggers and a quiet 3 km’s of road. I also had enough knowledge of training work out’s that I could use to achieve my fitness goals without needing any equipment. All I needed was the right mind set and WHY to start.

Losing Weight By Eating The Elephant

Question: How do you eat an Elephant?

Answer: One mouthful at a time!

That was how I was going to change my lifestyle from not eating correctly to eating right; from not exercising to exercising and wanting to do more exercise! By making changes I would enjoy and making those changes incrementally, but still making a change!

Motivation-Inspiration- Education

My first goal was about changing my mindset, my way of thinking. If I couldn’t change this, then no matter how much exercise and dieting I did, I would eventually return to my old bad habits.

I had to find what would motivate and inspire me to do these things. I also had to educate myself or find people who would mentor me to learn them.

For example, I had to start waking up an hour earlier to go for a jog. The first thing I did was start going to bed earlier so I would get my 8 hours sleep. Easy done! Secondly, I started to set my alarm to wake me up 15 minutes earlier then I normally would wake up. I did this for one week then set it to 30 minutes earlier then I would normally wake up. Then a week later 45 minutes earlier until 3 weeks later it was 1 hour earlier. Why didn’t I set the alarm an hour earlier in the first week? I did, I turned it off and went back to bed until it was the time I would normally wake up! So, eating the elephant one mouthful at a time, I did this over a period of time until I was in the habit of waking up earlier.

But what was my motivation to get out of bed earlier? Well, every week I had a friend who when I met them I would ask “How are you?”. Their reply was “Great, I had Boot Camp this morning at 6am!” So when my alarm went off and I thought to myself “I don’t want to get out bed yet”, a voice inside my head would say “I did Boot Camp at 6am!” That was my inspiration and motivation to get out of bed when I could have turned the alarm off! They became my role model/mentor!

So look for people who will inspire you, motivate you and mentor/educate you to achieve your goals. Or do your own research to educate yourself no matter how big or small it is! To do my jog and exercise before work it was critical for me to get out of bed early.

IN SUMMARY

  • What is your WHY to losing weight?
  • WHAT do you need to change?
  • HOW and WHEN are you going to make those changes? Remember, you eat an elephant one mouthful at a time!
  • WHO is going to inspire and motivate you, mentor and educate you to do this?

Cont’d “Part 2 How I Lost 18Kg By Eating An Elephant”