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Capitalizing on Your Strengths
- By Brian Tracy
- Published 09/25/2008
- Motivation
- Unrated
Brian Tracy
Brian Tracy is Chairman and CEO of Brian Tracy
International, a company specializing in the training and development of
individuals and organizations.
Brian's goal is to help you achieve your personal and business goals faster and
easier than you ever imagined.
One of the qualities of superior men and women is that they are extremely
self-reliant. They accept complete responsibility for themselves and everything
that happens to them. They look to themselves as the source of their successes
and as the main cause of their problems and difficulties. High achievers say,
If its to be, its up to me. When things arent moving along as fast as they
want, they ask themselves, What is it in me that is causing this problem? They
refuse to make excuses or to blame people. Instead, they look for ways to
overcome obstacles and to make progress.
Totally self-responsible people look upon themselves as self-employed. They see
themselves as the president of their own personal services corporation. They
realize that no matter who signs their paycheck, in the final analysis they
work for themselves. Because they have this attitude of self-employment, they
take a strategic approach to their work.
The essential element in strategic planning for a corporation or a business
entity is the concept of return on equity. All business planning is aimed at
organizing and reorganizing the resources of the business in such a way as to
increase the financial returns to the business owners. It is to increase the
quantity of output relative to the quantity of input. It is to focus on areas
of high profitability and return and, simultaneously, to withdraw resources
from areas of low profitability and return. Companies that do this effectively
in a rapidly changing environment are the ones that survive and prosper.
Companies that fail to do this form of strategic analysis are those that fall
behind and often disappear.
To achieve everything you are capable of achieving as a person, you also must
become a skilled strategic planner with regard to your life and work. But
instead of aiming to increase your return on equity, your goal is to increase
your return on energy.
Most people in America start off with little more than their ability to work.
More than 80 percent of the millionaires in America started with nothing. Most
people have been broke, or nearly broke, several times during their young-adult
years. But the ones who eventually get ahead are those who do certain things in
certain ways, and those actions set them apart from the masses. Perhaps the most
important thing they do, consciously or unconsciously, is to look at themselves
strategically, thinking about how they can better use themselves in the
marketplace, how they can best capitalize on their strengths and abilities to
increase their returns to themselves and their families.
Your most valuable financial asset is your earning ability, your ability to
earn money. Properly applied to the marketplace, its like a pump. By exploiting
your earning ability, you can pump tens of thousands of dollars a year into
your pocket. All your knowledge, education, skills and experience contribute
toward your earning ability, your ability to get results for which someone will
pay good money.
And your earning ability is like farmland. If you dont take excellent care
of it, if you dont fertilize it and cultivate it and water it on a regular
basis, it soon loses its ability to produce the kind of harvest that you
desire. Successful men and women are those who are extremely aware of the
importance and value of their earning ability, and they work every day to keep
it growing and current with the demands of the marketplace.
One of the greatest responsibilities in life is to identify, develop and
maintain an important marketable skill. It is to become very good at doing
something for which there is a strong market demand.
In corporate strategy, we call this the development of a competitive advantage.
For a company, a competitive advantage is defined as an area of excellence in
producing a product or service that gives the company a distinct edge over its
competition.
In capitalizing on your strengths, as the president of your own personal
services corporation, you also must have a clear competitive advantage. You
also must have an area of excellence. You must do something that makes you
different from and better than your competitors. Your ability to identify and
develop this competitive advantage is the most important thing you do in the
world of work. Its the key to maintaining your earning ability. Its the
foundation of your financial success. Without it, youre simply a pawn in a
rapidly changing environment. But with a distinct competitive advantage, based
on your strengths and abilities, you can write your own ticket. You can take
charge of your own life. You can always get a job. And the more distinct your
competitive advantage, the more money you can earn and the more places in which
you can earn it.
There are four keys to the strategic marketing of yourself and your services.
These are applicable to huge companies such as General Motors, to candidates
running for election and to individuals who want to accomplish the very most in
the very shortest time. The first of these four keys is specialization. No one
can be all things to all people. A jack-of-all-trades also is a master of none.
That career path usually leads to a dead end. Specialization is the key. Men
and women who are successful have a series of general skills, but they also
have one or two areas where they have developed the ability to perform in an outstanding
manner.
Your decision about how, where, when and why you are going to specialize in a
particular area of endeavor is perhaps the most important decision you will
ever make in your career. It was well said that if you dont think about the
future, you cant have one. The major reason why so many people are finding
their jobs eliminated and finding themselves unemployed for long periods of
time is because they didnt look down the road of life far enough and prepare
themselves well enough for the time when their current jobs would expire. They
suddenly found themselves out of gas on a lonely road, facing a long walk back
to regular and well-paying employment. Dont let this happen to you.
In determining your area of specialization, put your current job aside for the
moment, and take the time to look deeply into yourself. Analyze yourself from
every point of view. Rise above yourself, and look at your lifetime of
activities and accomplishments in determining what your area of specialization
could be or should be.
And by the way, you might be doing exactly the right job for you at this
moment. You already might be capitalizing on all your strengths, and your
current work might be ideally suited to your likes and dislikes, to your
temperament and your personality. Nevertheless, you owe it to yourself to be
continually expanding the scope of your vision and looking toward the future to
see where you might want to be going in the months and years ahead. Remember,
the best way to predict the future is to create it.
You possess special talents and abilities that make you unique, different from
anyone else who has ever lived. The odds of there being another person just
like you are more than 50 billion to one. Your remarkable and unusual
combination of education, experience, knowledge, problems, successes,
difficulties and challenges, and your way of looking at and reacting to life,
make you extraordinary. You have within you potential competencies and
attributes that can enable you to accomplish virtually anything you want in
life. Even if you lived for another 100 years, it would not be enough time for
you to plumb the depths of your potential. You will never be able to use more
than a small part of your inborn abilities. Your main job is to decide which of
your talents youre going to exploit and develop to their highest and best
possible use right now.
So, what is your area of excellence? What are you especially good at right now?
If things continue as they are, what are you likely to be good at in the
future-say one or two or even five years from now? Is this a marketable skill
with a growing demand, or is your field changing in such a way that you are
going to have to change as well if you want to keep up with it? Looking into
the future, what could be your area of excellence if you were to go to work on
yourself and your abilities? What should be your area of excellence if you want
to rise to the top of your field, make an excellent living and take complete
control of your financial future?
When I was 22, I answered an advertisement for a copywriter for an advertising
agency. As it happened, I had failed high-school English, and I really had no
idea what a copywriter did. I remember the executive who interviewed me and how
nice he was at pointing out that I wasnt at all qualified for the job.
But something happened to me in the course of the interview process. The more I
thought about it, the more I thought how much I would like to write
advertising. Having been turned down flat during my first interview, I decided
to learn more about the field.
I went to the city library and began to check out and read books on advertising
and copywriting. Over the next six months, while I worked in a department
store, I spent many hours devouring them. At the same time, I applied for
copywriting jobs to advertising agencies in the city. I started with the small
agencies first. When they turned me down, I asked them why they did so. What
was wrong with my application? What did I need to learn more about? What books
would they recommend? And to this day, I remember that virtually everyone I
spoke with was helpful to me.
By the end of six months, I had read every book on advertising and copywriting
in the library and applied to every agency in the city, working up from the
smallest agency to the very largest in the country. And by the time I had
reached that level, I was ready. I was offered jobs as a junior copywriter by
both the number-one and number-two agencies in the country. I took the job with
the number-one agency and was very successful in a short period of time.
The point of this story is that you can become almost anything you need to
become, in order to accomplish almost anything you want to accomplish, if you
simply decide what it is and then learn what you need to learn. This is such an
obvious fact that most people miss it completely.
Some years later, I decided that I wanted to get into real-estate development.
Again, I went to the library and began checking out and reading all the books
on real-estate development. At the time, I had no money, no contacts and no
knowledge of the industry. But I knew the great secret: I could learn what I
needed to learn so that I could do what I wanted to do.
Within 12 months, I had tied up a piece of property with a $100 deposit and a
30-day option. I put together a proposal for a shopping center, and I
tentatively arranged for major anchor tenants and several minor tenants that
together took up 85 percent of the square footage I had proposed. Then I sold
75 percent of the entire package to a major development company in exchange for
the companys putting up all the cash and providing me with the resources and
people I needed to manage the construction of the shopping center and the
completion of the leasing. Virtually everything that I did I had learned from
books written by real-estate experts, books on the shelves of the local
library.
As you might have noticed, the fields of advertising and copywriting and
real-estate development are very different. But these incidents, and every
business situation I have been in over the years, had one element in common.
Success in each area was based on the decision, first, to specialize in that
area and, second, to be extremely knowledgeable in that area so that I could do
a good job.
In looking at your current and past experiences for an area of specialization,
one of the most important questions to ask yourself is, What activities have
been most responsible for my success in life to date? How did you get from
where you were to where you are today? What talents and abilities seemed to
come easily to you? What things do you do well that seem to be difficult for
most other people? What things do you most enjoy doing? What things do you find
most intrinsically motivating? What things make you happy when you are doing
them?
In capitalizing on your strengths, your level of interest, excitement and
enthusiasm about the particular job or activity is a key factor. Youll always
do best and make the most money in a field that you really enjoy. It will be an
area that you like to think about and talk about and read about and learn
about. Successful people love what they do, and they can hardly wait to get to
it each day. Doing their work makes them happy, and the happier they are, the
more enthusiastically they do it, and the better they do it as well.
In capitalizing on your strengths, the second key is differentiation. You must
decide what you are going to do to be
not only different but also better than your competitors in the field.
Remember, you have to be good in only one specific area to move ahead of the
pack. And you must decide what that area should be.
The third strategic principle in capitalizing on your strengths is
segmentation. You have to look at the marketplace and determine where you can
best apply yourself, with your unique talents and abilities, to give yourself
the highest possible return on energy expended. What customers, companies,
markets, can best utilize your special talents and offer you the most in terms
of financial rewards and future opportunities?
The final key to personal strategic planning is concentration. Once you have
decided the area in which you are going to specialize, how you are going to
differentiate yourself, and where in the marketplace you can best apply your
strengths, your final job is to concentrate all of your energy on becoming
excellent there. The marketplace pays extraordinary rewards only for
extraordinary performance.
http://www.personal-development.com/brian-tracy-articles/capitalizing-strengths.htm


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