Brian Watkins the Extreme Entrepreneur

 
Personal Blog Feed In my Personal Blog I talk about anything I feel like that doesn't fit into my other blogs. Here you can read a lot about me and my life as well as my thoughts on other interesting stuff.

My Four Major Achievement Constraints

I’ve always had the obsession of asking “Why?, Why?, Why?” to everything, especially important parts of my life. As a result, I deeply understand myself as well as many other things very well. You know I’m also obsessed with achievement in my life. Throughout the past couple years, while focusing on becoming a millionaire and transitioning into asset acquisitions, I haven’t yet had the success that I’ve wanted. So I’ve been asking why that has been for just as long. I’ve known about all of my constraints and the factors that are driving my success throughout this entire timeframe. However, it wasn’t until the middle of this year (2007) that I really figured out the major constraints and their relationships that are holding me back.

Here are my four major achievement constraints…

Internal – Within my own self.

Confidence – I’ve never liked having to persuade other people to do things. However, this can be a limit in business as I’ve experienced. I’m working on reframing my view of this as give others extremely profound opportunities. I truly believe that but conditioning this mindset emotionally is the key.

Diligence – I’m a massive action machine when I have ample leverage on my side. However, without it I tend to slip in diligence and not consistently take massive action like I should. I’m always working on achieving but I tend to lose my diligence at times if I don’t feel the presence of momentum.

External – Outside of my self.

Capital – I’m pursuing some extremely capital intensive ventures, like my buyout firm. I am going to need at least a few hundred thousand more than I currently have before being able to go full force in acquiring businesses.

People – Leveraging other people is one of the biggest keys to success in my life in achieving my goals. I am primarily looking for tenacious dealmakers to join my team at this point in acquiring high-end assets.

Now it is not that I am completely lacking in these resources. Instead, I’m only lacking relative to the ambitious goals that I am attempting to achieve. When your goals are big, your resources & leverage have got to match or else the odds of succeeding in the assumed timeframe will go down. This is what my position is and what has held me back throughout recent months.

All of these four constraints (confidence, diligence, capital, and people) are clearly the top resources that are holding me back from producing massive short-term results. If I had to put a hierarchy of their individual impact on my success, I’d rank them like this (from highest impact to lowest impact)…

Confidence
People
Capital
Diligence

Does that mean that I should deal with all of them in that order and proceed to achieve more as I improve these factors? Not so fast. As a strategist, I know the obvious solutions aren’t always the best. When it comes to finding the right strategy that will efficiently propel me beyond these constraints and achieve at least one million dollars in net worth as well as put me in the position of fully executing & operating my buyout firm, Watkins Capital, in Manhattan, NYC, I have many options. But I believe that I’ve found one that clearly stands above the rest that I can see. But first, let me teach you a bit about the dynamics of these achievement constraints in my life.

Obviously the quantity and quality of the resources one has at their disposal to leverage for results is important. I could efficiently hit my goals with very little resources of the right powerful nature. I could also efficiently succeed with many resources of a poor quality nature. So the key is to find the right mix of quantity & quality of resources that is easily acquired and will predictably & efficiently yield the goal. I’ve looked for game changing combinations for myself that would produce the result and the few that would work within these four constraints are an extreme amount of confidence, high six to seven figures of capital with good terms, or high quality people with some working capital. With just one of those positions, I’d efficiently turn that into the end result for myself in a matter of months.

In those strategies for getting the result, I am dealing with some of my major constraints while circumventing others. Another solution could be to circumvent all of my major constraints all together and invent a strategy that will predictably get the result with my current framework of resources. With this strategy, I don’t have to spend any extra time acquiring new resources because the strategy is fit to work from what I’ve got. The problem throughout the past has been that my strategies haven’t had enough leverage in them to yield success with my current framework of resources. However, overall, the key focus for whatever strategy I use needs to be predictably getting the end results within the shortest timeframe.

Well, I recently came upon a modification of a previous strategy that I believe will efficiently get me the result I want. Remember, that result is a net worth of one million dollars as well as being execute & operate my buyout firm, Watkins Capital, in Manhattan, NYC. The primary strategy that I have chosen to pursue is my previous entrepreneurship business that I developed earlier this year. However, I found a new spin that I’m putting on it that will increase the predictability of ample fast profits even further. One of the biggest reasons that it now accomplishes this is that I’ve lowered the complexity & operating costs of the whole business system by a large multiple. It is going to take some redevelopment to go live again with this venture but it is so worth it. I plan to go live with it in Q1 of 2008. So how will it achieve my goals? It is a pure play on capital resources where I will build up my personal net worth through entrepreneurship before fully transitioning into asset acquisitions as my primary income profile that I am earning from. The bet is that it will efficiently make me at least a millionaire and allow me to execute my buyout firm, Watkins Capital, by hiring key employees and establishing expensive legal infrastructure.

So to recap, I’ve been limited by my four major constraints of confidence, diligence, capital, and people, where my goals have been too big for my strategies to efficiently achieve success, considering my current levels of these resources. My goals are to efficiently achieve at least one million dollars in net worth as well as put me in the position of fully executing & operating my buyout firm, Watkins Capital, in Manhattan, NYC. As a result of recent strategizing, I’ve found a new angle on an entrepreneurship business that I developed earlier this year that will add a lot of leverage to it. With this added leverage, I believe it will directly yield me a million dollar net worth and allow me to pursue buyouts full time with a killer team. This strategy virtually circumvents my four major constraints and gives me the leverage necessary to succeed with my current balance sheet of resources.


Published on: December 1st, 2007 | Permanent Link | Trackback URL | Comments ()

Published in: About Me, Personal Blog, Personal Development, Wealth Building

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