The 5 Stages of Empire Building (2017 NAHREP National Convention Keynote)

Replay Summary-

A lot of people think they run businesses but all they have are high-paying jobs. How do you build an empire and a legacy? What are the five stages of empire  building? Why is personal responsibility such an important part of your path to success? This episode talks about finding what’s missing in your business, and relentlessly going after it.

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At the start of the show, we talked about the confusion people make between an income and an empire. Next, we talked about how some people limit their own income because of their mindset, and the importance of knowing what’s lacking in your business. We also talked about the power of trusting your gut, the 5 stages of building an empire, and why you’ll never make money if you’re scared of it.

We also discussed;

• The power of leveraging growth
• Why money is a by-product of value
• The importance of having an exciting vision of your future

Takeaways + Tactics

The 5 stages of building an empire - idea formation, launch, massive never-ending execution, momentum, and legacy.

If you want to be wealthy trust your gut if you want to be mediocre follow what everyone else says.

Do whatever you do in a duplicatable fashion, if not you’ll always have a high paying job.

If you can’t delegate a file, you will never be able to delegate a company.

There’s a major difference between building an income and building a business. A business is something that grows independent of you, and until you have that, all you have is income, not an empire. Your grind is about a longer vision, a long-term purpose, a destiny you’re trying to achieve and an impact you’re trying to make. The size of your business and the speed at which you will achieve your goals is determined by how much and how urgently you want to receive what’s missing.