Author name: Gary Furr

Are You Feeling Lucky?

Improve Your Odds of Success

When things don’t go as we like, it’s easy to blame bad luck—it spares us from blaming ourselves! But a recent Wall Street Journal article* calls that idea into question. The writers, Janice Kaplan and Barnaby Marsh, assert that luck is a combination of random chance, talent, and hard work.  They suggest that attributing success to random chance is misleading, and if we think luck is somehow going to fall from the sky, we’re probably not going to get lucky or recognize it if we do.

Although there isn’t much we can do about random chance, there are things we can do to influence the other factors that contribute to “luck”:

  • Pay attention:Be more observant of your environment and increase the probability that you will notice opportunities.
  • Get off the standard path:Stop following the herd. Get off the beaten path, and look for a less crowded space to occupy. The outliers tend to find what others have missed.
  • Change the odds:One of the best ways to improve your luck is to stop worrying about failure and take more chances. Keep trying, and accept that failure will happen—it’s part of the process. The more times you swing the bat, the better your odds of hitting a home run.
  • Think yourself lucky:Psychologist Martin Seligman, author of Learned Optimism,says that if he were looking for a lucky person, the number one ingredient that he would select would be optimism. Believing that you have some control over what happens to you and your life causes you to try more often.

The writers conclude that many of us act on only a fraction of the opportunities around us. We can increase our odds of success by paying better attention, getting off the beaten path, and thinking of ourselves with a positive mindset.

Grant Cardone’s book The 10X Rule says luck is actually a byproduct for those individuals who take the most action—in other words, those who completely commit themselves to success seem to get lucky in life. It takes hard work and effort to generate luck.

Are you feeling lucky in your business or do you want to put talent, knowledge, experience, and hard work together to increase your odds? Contact us at 503-312-3145 to put our 40-plus years of C-level business experience to work for you and increase your odds of getting lucky.

* “Make Your Own Luck,” Wall Street Journal, March 3, 2018.

garyfurr@garyfurrconsulting.com

--- END POST ---

Developing a Gratitude Framework

Developing an Attitude of Gratitude

“Gratitude can be cultivated at any age,” said Jennifer Breheny Wallace in a recent Wall Street Journal article.* The author cited a 2012 national online poll of 2000 adults, which found that 59 percent of those surveyed thought that most people today are less likely to have an attitude of gratitude than 10 or 20 years ago. She goes on to show that a growing body of research points to the many psychological benefits of regularly counting your blessings.

The article reminded me of the time I heard Tony Robbins speak at a five-day business mastery conference in London. Something he said really struck a chord: that we should be grateful for the trials and tribulations we have gone through because they have made us the person we are today. We need to have an attitude of gratitude for these experiences; doing so helps us to reframe them for our benefit. Robbins said that the more we acknowledge and appreciate our lives and the opportunities we have to grow, the more that positive things will show up—and we should make time to express gratitude for all of it. https://www.tonyrobbins.com

Robbins also suggested that we should not live in a suffering state because it is a lousy state to be in. We should choose to live in a beautiful state each day, no matter what, because life is too short to suffer. By changing how we frame things, we can choose to live with an attitude of gratitude for everything that comes our way.

I meet many business owners who are living in a suffering state because their business is not performing the way they envisioned it. We can help you diagnose what isn’t working in your business and get it back on track. Let us help you use your trials as the launch pad to achieving what you’ve always dreamed of. Call or email today.

*Jennifer Breheny Wallace, “How to Raise More Grateful Children,” Wall Street Journal, Feb. 24, 2018.

 

--- END POST ---

Gary Furr Consulting—The Most Helpful Family Business Professional

              Gary Furr Consulting—The Most Helpful Family Business Professional

At the November 2017 Excellence in Family Business Awards presented at the Austin Family Business Program, a part of Oregon State University, our client The Higher Taste, a vegan and vegetarian food processor, was awarded the Generational Development Award. In turn, The Higher Taste named Gary Furr Consulting as the most helpful family business professional.

The Higher Taste was founded in 1987 when Hans and Rhonda and their two children relocated to Portland, Oregon, from New York. Thirty years later, The Higher Taste is still very much a family business, and the second generation is helping to run the company alongside their parents.

Gary Furr Consulting has been working with the owners of The Higher Taste to develop a business growth plan that will allow them to expand into a new 15,000 square foot facility and develop a frozen food product line. We helped them get their financials in order and developed metrics to improve both forecasting and business plan development for this next phase of growth. This process has included working with their banker and Business Oregon to bring this next phase to fruition.

Gary Furr Consulting has helped hundreds of owners and executives gain greater results in their businesses and personal lives. Become the effective, focused, and productive business person you want to be. Call or email us today and let us help you achieve more of what you want and less of what you don’t.

--- END POST ---

Make 2018 Your Best Year Ever

                                    Make 2018 YOUR BEST YEAR EVER!

As you approach a New Year, it is a good time to reflect on 2017 and ask yourself some serious questions in order to make 2018 your best year ever. This will lay the groundwork for a fabulous 2018. Planning for the upcoming year is the best way to get better results. If you make a good start to the New Year, you will most likely have a good finish next December.

 Here are some questions to ask yourself to prepare for an even better year in 2018. Take some time to think about these questions, and be honest with yourself. Without honesty, this will be a fruitless exercise. Successful business owners are intentional about the results they want. Then they apply intense focus to achieve those results.

In order to have the best year ever in 2018, we need to understand where we have been and where we want to go.

 

  1. What went well this year?
  • List the things that you accomplished.
  • Compare the list to the goals that you set for 2017.
  • How did you do? What can you do better?
  1. What didn’t go so well this year?
  • What can you improve on moving forward?
  • What strategies have you already tried to improve your business that worked or didn’t work?
  1. What do you want to accomplish in this New Year?
  • What is your vision for 2018, 2019, and 2020?
  • What will be your goals be in the next 90-days to help you accomplish your one year vision?
  • What do you think you need to do to double your business this year?

4. How can you develop more clarity of direction?

  1. How can you develop a relentless focus to succeed?
  2. How can you become more disciplined to accomplish your goals?
  3. What would it take to make 2018 the most extraordinary year ever?

These are just a few of the questions you can ask to prepare for a prosperous 2018. The coming year will turn out as you choose and what you are intentional about. In business, things don’t just happen. Without belief and without goals, you won’t put in the necessary effort or resources. In 2018 develop an intense focus to achieve your vision and goals and realize amazing results.

We can help you plan for the most successful year ever. Give us a call. 503-312-3145

We are here to help you achieve dramatic success in 2018. http://www.garyfurrconsulting.com

 

--- END POST ---

7 Steps to Accelerated Business Growth: Step 7 – Motivation

Seven-Steps-to-Accelerated-Business-Step-Seven

One of the benefits of following these steps is that it motivates us to repeat the process. What is more motivating than results? It’s like going to the gym. When I exercise and start losing weight (and see those results on the scale), then I’m motivated to continue going back.

Read or Click to Listen

If I’m disciplined to go to the gym every day, I get great results. Once I get great results, I get highly motivated. Once I get motivated, I want to repeat the process to continue to get results. What I’ve found with successful business owners is that they keep raising the bar to go higher and higher and get better and better. This tends to be true not only in their business but in their personal lives as well. That intense motivation keeps the process going.

Brendon Burchard says that individuals are like power plants. Power plants don’t bring energy in, they generate it. You have to generate energy in order to gain the success you want to gain, and you can do that through these steps. Once you start getting results, you get highly motivated, and once you’re highly motivated, you want to repeat the process. You’re like a power plant, generating energy and enthusiasm for your own success.

It’s Worth the Effort

Business can be discouraging at times, and it can take courage to believe you have the power to create the business and the life that you want and deserve. It’s up to you. Start by writing down what you want to achieve and put your subconscious mind to work for you. You deserve a successful business and the life you want to live, but it won’t happen unless you apply the steps necessary to get there.

Accelerated business growth is within your grasp. If you’re ready to put Gary’s principles to work for your business, give Gary a call at 503-312-3145.

--- END POST ---

7 Steps to Accelerated Business Growth: Step 6 – Results

Seven-Steps-to-Accelerated-Business-Step-Six

Amazing results are what you get when you’ve taken the time to clarify the direction you want to go, communicated that clearly to those around you, created a plan of action to bridge the gap between your current state and your desired future, and then used focus and discipline to stay at it every day. People who take the first five steps are amazed at the results they get and they’re amazed at how fast it happens.

Read or Click to Listen

One Day at a Time

Full disclosure: many people believe the steps sound overwhelming. I agree that it can seem that way, but the key to actually implementing the steps is to realize it’s all done one day at a time. If you make a 1/10 of a 1 percent improvement in your business and your personal life every day, that adds up to a 0.5 percent improvement each week, which equals a 2 percent improvement each month. That is a 24 percent improvement over the course of a year, and that is a lot. If you look at it like compound interest, then that improvement (if you keep at it) would double ever 2.7 years. This means in 10 years you would have 1000 percent improvement in your business and your personal life. Who wouldn’t want 1000 percent improvement? (Including in your bank account?) These are serious results, and they start with clarity of direction, communication, a plan of action, focus, and discipline.

I started working with a particular client in 2014 and he’d been in business for five years. In 2014 he made his first profit in that business (of $125,000), and so I started working with him because he wanted to sell his business. He said he was tired of working so hard and not getting the kind of results that he wanted. We worked together and concluded that he wanted to sell his business in two years. That became the direction. He had one staff member who was working with him, so we communicated that to her along with the plan: We’re going to sell the business in two years and here’s how we’re going to go about doing it.

It didn’t take me long to see that focus was an issue we needed to work on. My client was distracted by all the things that were happening every day. He would be in the office for eight hours, but really he wasn’t accomplishing anything. He was distracted by LinkedIn, Facebook, Twitter, emails and texts. He would chat on the phone for hours at a time. So I made him commit to spending four hours a day eliminating distractions, intensely focused on his business, and disciplined to stay at it. He was supposed to maintain that focus and discipline from eight to noon every day without distractions. I told him that from noon on, I didn’t care what he did.

He committed to do that every day—five days a week, four hours a day, which is only 20 hours per week. That was in 2014 at the end and of 2015 he had generated $800,000 of cash in his business and was able to pay off all his debt. In 2016 that went to $1.2 million, still only working four hours a day. That was when he decided he didn’t want to sell his business anymore because it was generating lots of revenue.

Amazing results and accelerated business growth are Gary’s specialty. If you need help, call him at 503-312-3145.

--- END POST ---

7 Steps to Accelerated Business Growth: Step 5 – Discipline

Seven-Steps-to-Accelerated-Business-Step-Five

We tend to think of discipline as something negative, but discipline is really nothing more than commitment. To achieve the success we’re looking for, we have to be committed to coming in each day with the focus to accomplish what that day requires. Successful people are willing to do what unsuccessful people are not willing to do, and they are disciplined to stick at it every day. They’re persistent.

Read or Click to Listen

It’s not much different than going to the gym. I don’t like getting up in the morning and going to the gym, but I do it. So you could say that I’m disciplined to stay at it. Successful people may not always like it, but they’re disciplined to do what needs to be done every day. World class athletes or musicians don’t just dabble, and they don’t practice only when they feel like it. They’re intensely focused and they’re disciplined to stay at it every single day.

Keep Up the Pressure to Maintain Course

For 22 years I flew an airplane for the company I worked for. When you’re flying and you need to change direction, you turn the yoke. The yoke is similar to the steering wheel in your car. But when I learned to fly, I learned that if I didn’t keep the pressure on the yoke when I was turning, the airplane would naturally spin back and go the direction it had been going due to momentum. It’s the same in business. If you don’t keep the pressure on that yoke and on the direction you’re going, you’ll drift back to your previous state. Momentum is a powerful force, and to break it requires discipline to keep the pressure on and be intensely focused on your goals. Discipline is maintaining that pressure every single day.

Successful people are consistent in their practice of applying discipline to their daily lives. Tony Robbins says, “Repetition is the mother of skill.” That means repeating it over and over and being intentional about the habits that we form. If we’re not intentional about the habits we form, our habits will form us. The genius of the most successful people in the world is rooted in discipline.

Discipline may sound unpleasant, but its results are not. it’s a requirement for success in business. Gary helps business owners use discipline to take their businesses to the next level. If you need help, call Gary at 503-312-3145.

--- END POST ---

7 Steps to Accelerated Business Growth: Step 4 – Develop Intense Focus

Seven-Steps-to-Accelerated-Business-Step-Four

One thing that successful businesses have in common with great athletes is focus. You have to develop intense, unapologetic focus on your plan of action in order to achieve the results you are looking for. Focus means eliminating the distractions that pull you off the path to your desired future. Most people underestimate the power of focus. But focus empowers you. You can have a great vision and a plan of action yet still not achieve what you want if you don’t have focus.

Read or Click to Listen

The 80/20 Rule

A critical aspect of focus is putting the 80/20 rule to use. You only have so much time, you only have so much energy, and you only have so much money, so what’s the highest and best use of my time, energy, and money? Generally speaking, 20 percent of your activities generate 80 percent of the results. Time, energy, and money are limited resources. How can you focus those resources to achieve your goals?

I have found that many business owners are distracted by all the stimulus and social media that exists these days. We’re checking our cell phones, listening to text messages, and doing Instagram, Facebook, and LinkedIn. All that takes us away from being intensely focused on the plan of action that we want to achieve our vision of the future.

Every time you get distracted, it takes 10 to 20 minutes to get refocused, which means you’ve just wasted all of that time, energy, and money on something that’s not the highest and best use of your time. If you can figure out the 20 percent of your activities that generate 80 percent of your results, you can use your time, energy, and money much more effectively. That is intense focus.

What Focus Looks Like

I read a story about Richard Branson that said an organization offered him $100,000 to come and speak at their event. He declined, and they came back and offered $250,000. He declined that as well, so they upped their offer to half a million. When he declined that, they asked what it would take to get him to come and speak. He said that no amount of money could take him away from what he was currently focused on. That’s the kind of focus every business owner needs, because that is what it takes to achieve goals.

One effective tool for achieving focus is blocking off periods of time to be productive. During those periods of time (they can be an hour or two), you should eliminate distractions: turn off your phone, turn off your laptop, turn off all the bells and whistles that bleep at you constantly. If you can learn to do that, you’ll find that in that one or two hours of intense focus you can get two, three, or even four hours’ worth of work done. It’s incredibly empowering.

I also recommend to my clients that they don’t check their email first thing in the morning because email is somebody else’s agenda for you. It’s not your agenda, and it’s not your priorities. When you allow yourself to get sucked into email at the start of the day, it often leads to not accomplishing what you want to accomplish. Block off the first few hours of the day for intense focus on your agenda, and then block off time later in the day to answer phone calls or emails or text messages. You can train your employees to learn to do the same thing. Have them block off time to focus on their priorities that are going to help them achieve their 90-day goals.

Know What Your Time Is Worth

Understanding what your time is worth can make it easier to take these steps. Learn what an hour of your time is actually worth. In other words, if you want to make $75,000 a year, you have to generate $36 an hour worth of value for your clients. That’s $3 every five minutes or $9 every 15 minutes. Think about how much time you’re wasting on social media, Facebook, LinkedIn, Twitter, and those kind of things, and evaluate whether you are spending your time wisely. If you want to make $125,000 a year, you have to produce $60 an hour worth of value for your clients. That’s $5 every five minutes. When you look at it that way, wasting 15 minutes on Facebook or Twitter or LinkedIn or taking 15 minutes longer to get back to work is costly.

Oftentimes I’ll ask clients, “What’s an hour of your time worth?” They’ll tell me, “Oh, $200 an hour.” Then I ask them, “Then why are you doing $15 an hour work? Why are you doing your bookkeeping that’s worth maybe $40 an hour? Why don’t you pay someone to do that?” Knowing what your time is worth and keeping that in the forefront of your mind allows you to focus your time and energy on what will deliver the most return for you.

Are you focused on the 20 percent of your activities that are going to generate 80 percent of the return? What’s an hour of your time worth? Are you generating that much value for your business or for the business you’re working for? Do the math, and let those calculations inform your choices.

For 40 years Gary has been helping businesses owners understand the value of their time and focus on activities that lead to results. Give Gary a call at 503-312-3145 for more information.

--- END POST ---

7 Steps to Accelerated Business Growth: Step 3 – Have a Plan

Seven-Steps-to-Accelerated-Business-Step-Three

Imagine you’re going on a hike in the woods. Would you bring a map or would you wait until you were in the woods before wishing you had thought to do so? Business isn’t much different. If you want to bridge the gap between your current state and your desire future, you’re going to need a map—a plan of action for getting there. Oftentimes organizations create bold visions for the future but then never follow through with a plan of action. Without a plan, they are doomed to wander aimlessly.

Read or Click to Listen

Staying on Track

The best way to create a plan of action that will keep you on track is to chunk things down into smaller increments. I like to break the plan into 90-day increments, because studies have shown that using 90-day increments is an effective tool that leads to success. At the end of 90 days people tend to get off track and lose direction. Using 90-day increments provides an opportunity to bring people back and refocus their attention on what they’re going to do in the next 90 days to help move the organization closer to that one-year vision.

I advise preparing written directions for the 90-day increments. This can be done by department: for the next 90 days this is what we will do to make progress toward the one-year vision. Then read it every day as reinforcement. This provides a valuable lens for questioning whether your actions are moving you closer to or further away from your 90-day goals, providing a framework for decision-making.

No one gets from New York to California without a map (or a GPS!). A plan of action is vital for reaching your destination. For 40 years Gary has been helping businesses get where they want to go, and he can do it for you too. Give Gary a call at 503-312-3145 for more information.

 

--- END POST ---

7 Steps to Accelerated Business Growth: Step 2 – Communication

Seven-Steps-to-Accelerated-Business-Step-Two

I have discovered that in many organizations, the leadership knows where they’re going, but the employees do not. When direction and vision are not communicated effectively, employees tend to figure it out themselves, and they may start pulling in directions that leadership or ownership doesn’t want to go. What’s the point of clarifying direction (Step 1 in my 7-step method to business growth) if you’re never going to communicate that? To achieve the future you want—fast—you must communicate your vision to everyone in your organization.

Read or Click to Listen

The Inefficiency of Chaos

When individual departments determine where they’re going (and this happens more often than you might think!), then it’s unlikely that each is in unison with the others or with the organization as a whole. In short, a lack of good communication creates chaos, and chaos is the enemy of efficiency. Organizations with silos simply can’t achieve the kind of results that they want to achieve. But this chaos is often self-inflicted because leadership has not effectively communicated where the organization is going to be five years from now, three years from now, and one year from now. In the absence of communicated direction, employees find their own.

Paddling Together

Effective communication will get everybody within the organization on the same team. Imagine how well your company could do if everybody was in the same boat and paddling the same direction. It’s different if there’s one person paddling the boat—then it’s pretty easy to set the direction. But when you have 20 or 30 or 40 people within the organization and they’re not all paddling in the same direction, you’ll never reach your desired destination.

Most employees want to know where they’re going and what the future holds. They want to be a part of something that’s bigger than them, and they want to be a part of an organization that’s going somewhere—that’s not stagnant and just getting by. This is especially true for young people today. They’re not interested in punching a timecard for 40 years and doing the same thing over and over. They want to know that there’s an opportunity for the organization and for them within the organization. Communicating that clearly is critically important.

Don’t worry: There’s no danger in over-communicating your vision. In fact, it’s a vital part of achieving your vision. For 40 years Gary has been helping businesses grow and make more money, and he can do it for you too. Give Gary a call at 503-312-3145 for more information.

--- END POST ---

Scroll to Top