Thinking Ahead Journal: 11th January 2010

Page 1

L me

Ideas and Insights from the First Step Member Community www.first-step-community.info 11th January 2010

Thinking Ahead is a collection of blog posts from members of the First Step Member Community. Each contributing author retains their copyright for their individual content. The material contained in this publication is general and is not intended as advice on any particular matter. The authors expressly disclaim all and any liability to any persons whatsoever in respect of anything done by any such person in reliance, whether in whole or in part, on this publication.


7hinking -DQXDU\

www.first-step-community.info

AheaG

62 :+$7¶6 1(;7"

,I \RX GRQ¶W PDNH WKH PRRODK DQ\ EL] ZLOO FHUWDLQO\ IL]

7ZR JUHDW SRHPV IRU VXVWDLQDELOLW\ FKDPSLRQV E\ -DPHV 0F&DOOXP

, WKRXJKW VRFLDO QHWZRUNLQJ DQG FURZG VRXUFLQJ ZHUH WKH UDJH 'R \RX WKLQN WKLV LQGXVWU\ LV LQ D GHFOLQLQJ VWDJH" :KDW RI )DFHERRN 0\VSDFH $PD]RQ DQG /LQNHG,Q" 3URILWDELOLW\ IRU GLGJLH EL]QHVV WDNHV WLPH WR NLFN LQ

-$1 $ 0 ,W PD\ EH 0LFURVRIW 9LVWD RU DQ RUSKDQHG VPDUW SKRQH DSS RU D PLOOLRQ VWDUW XSV IDOOLQJ LQWR D WHFK WUDS

7KH IROORZLQJ DUH WZR JUHDW SRHPV IURP D FROOHDJXH RI PLQH EDVHG LQ 1HZ <RUN -DPHV 0F&DOOXP

:H¶YH JRW ,3KRQHV DQG 'URLGV QRZ EDWWOLQJ LW RXW ,W¶D D FODVK RI WKH 7LWDQV +RZ ZLOO WKLV WXUQ RXW"

$Q $O &KHW IRU 5LVN 0DQDJHUV

+RZ DERXW FRXQWULHV LQGXVWULHV ZDU DQG UHFHVVLRQ" 7KH JUHDW GDQJHU LV WR VHH D VOLGH LQWR D GHSUHVVLRQ

, ZDV QRW VWURQJ HQRXJK WR VWDQG XS WR P\ ERVV , SXW VHOILVK JDLQ DKHDG RI HWKLFDO FRQVLGHUDWLRQV , IDOVLILHG RU KLG GDWD WR FRQFHDO UHVXOWV , IDLOHG WR EH REMHFWLYH 0\ ULVN PRGHO ZDV WRR VXEMHFWLYH , LJQRUHG ZDUQLQJ VLJQV , ZDV LQ RYHU P\ KHDG , GLG QRW XQGHUVWDQG DOO WKH ULVN IDFWRUV , IDLOHG WR JHW DQ RXWVLGH RSLQLRQ , ZDV EHKROGHQ WR PRQHWDU\ JDLQ

,W¶V P\ IRQGHVW KRSH WKDW FRQIOLFW DQG GLYLVLRQ ZLOO GZLQGOH DQG IL]]OH 3HDFH ZLWKRXW HTXLYRFDWLRQ 6R , VHQG VHDVRQV JUHHWLQJV WR DOO IURQW DQG PLGGOH DQG VD\ JXDUG \RXU GUHDPV GRQ¶W HYHU OHW WKHP IL]]OH <RX FDQ ILQG RXW PRUH DERXW -DPHV DQG KLV ZRUN KHUH

, ZDV YLFWLP WR JURXS WKLQN , SODFHG LQVWLWXWLRQDO LQWHUHVW DKHDG RI HWKLFDO FRQVLGHUDWLRQV , IDLOHG WR DGPLW , ZDV ZURQJ , ZDV QRW KRQHVW ZLWK UHJXODWRUV , ZDV QRW KRQHVW ZLWK VKDUHKROGHUV , ORRNHG WKH RWKHU ZD\ , IDLOHG WR DFW , FRQYHQLHQWO\ RYHUORRNHG LQIUDFWLRQV LUUHJXODULWLHV , PDGH H[HPSWLRQV , GLG QRW XQGHUVWDQG WKH GHSWK RI WKH SUREOHP , NQRZ WKHUH DUH PDQ\ PRUH 3OHDVH KHOS PH WR XQFRYHU XQGHUVWDQG PDNH ULJKW DQG RYHUFRPH 6KDORP

%H UHPDUNDEOH ,DQ )RXQGHU 'LIIHUHQFHPDNHUV &RPPXQLW\ 3DUWQHULQJ SDVVLRQDWH SHRSOH WR FKDQJH ZKDW¶V QRUPDO IRU WKH JRRG RI SHRSOH RXU SODQHW DQG IRU SURILW GRLQJ WRGD\ ZKDW RWKHUV ZLOO RQO\ EH WKLQNLQJ DERXW WRPRUURZ

DQG WKLV DOVR IURP -DPHV LQ UHSRQVH WR D /LQNHGLQ JURXS TXHVWLRQ :KDW ZLOO IL]]OH LQ " 1RZ WKDW LV KHUH 2QH DVNV ZKDW ZLOO IL]]OH" 7RXJK TXHVWLRQ WR SRQGHU ,¶OO DQVZHU DQG QRW TXLEEOH 0RVW VD\ WKDW WZLWWHU LV \HVWHUGD\V QHZV ,I LWV WUXO\ SDVVH ORWV RI WZHHWHUV ZLOO JHW WKH EOXHV 7KH GHWUDFWRUV DOO VD\ WZLWWHU FDQ¶W PRQHWL]H WKH EL]


www.first-step-community.info

-DQXDU\

*,+$1 3(5(5$

6R RQO\ FKRRVH JRDOV WKDW \RX ZDQW WR DFKLHYH ,Q IDFW ,¶OO JR D VWHS IXUWKHU DQG VD\ \RX VKRXOG RQO\ FKRRVH JRDOV WKDW \RX ZLOO ORYH WR DFKLHYH 7KLV LVQ¶W DERXW EHLQJ VHOILVK LW¶V DERXW FKRRVLQJ ZLVHO\

7KH +HGRQLVW¶V *XLGH 7R *HWWLQJ 7KLQJV 'RQH *RDO 6HWWLQJ 0DGH (DV\

/RYH ZKR \RX¶OO EH 7KLQN FDUHIXOO\ $UH \RX JRLQJ WR EH KDSS\ WUXO\ KDSS\ ZLWK WKH SHUVRQ \RX¶UH JRLQJ WR EHFRPH LI \RX GR DFKLHYH \RXU JRDOV"

-$1 $ 0 0RVW JRDO VHWWLQJ SURJUDPV DUH KDUG 7KH V\VWHP PLJKW VRXQG HDV\ EXW DFKLHYLQJ WKH JRDOV LV GLIILFXOW ,W XVXDOO\ WDNHV GLVFLSOLQH ZLOOSRZHU D VWURQJ PLQGVHW KDUG ZRUN VDFULILFH DQG VWUXJJOH

,I \RX JHW WKDW ELJ SURPRWLRQ ZLOO \RX EH 2. VSHQGLQJ PRUH WLPH DZD\ IURP \RXU VSRXVH DQG NLGV" ,I \RX JR RQ WKDW FDUURW MXLFH GLHW DQG ORVH NLORV FDQ \RX WROHUDWH KDYLQJ WR JD]H ORQJLQJO\ DQG ZLVWIXOO\ DW FKRFRODWH FDNH IURP QRZ XQWLO WKH HQG RI \RXU OLIH" ,I \RX JHW DOO WKRVH EXVLQHVV WUDYHO RSSRUWXQLWLHV FDQ \RX FRSH ZLWK VSHQGLQJ ZDVWHG KRXUV LQ DLUSRUWV WD[L TXHXHV DQG KRWHO URRPV"

1R ZRQGHU PRVW SHRSOH IDLO DW WKHLU JRDOV RU 1HZ <HDU¶V 5HVROXWLRQV ,¶YH JRW D GLIIHUHQW DSSURDFK WR JRDO VHWWLQJ 7KLV \HDU FKRRVH SODQ DQG DFKLHYH JRDOV WKDW EULQJ \RX MR\ HDVH DQG KDSSLQHVV QRW RQO\ ZKHQ \RX DFKLHYH WKHP EXW DORQJ WKH ZD\ DV ZHOO

%H VXUH \RX¶UH ZLOOLQJ WR DFFHSW DOO WKH FRQVHTXHQFHV RI DFKLHYLQJ \RXU JRDO

1RZ , NQRZ WKLV IOLHV LQ WKH IDFH RI PDQ\ PRVW" JRDO VHWWLQJ SURJUDPV 6R EH ZDUQHG WKDW ZKDW ,¶P JRLQJ WR VKDUH KHUH PLJKW EH FRQWURYHUVLDO FRQIURQWLQJ RU FRQIOLFWLQJ ZLWK RWKHU DGYLFH \RX¶YH VHHQ %XW KH\ LI \RX GR HPEUDFH P\ DGYLFH \RX ZLOO HQMR\ WKH QH[W WZHOYH PRQWKV 6R ZKDW KDYH \RX JRW WR ORVH"

7KLQN ELJ 0RVW SHRSOH GRQ¶W IDLO EHFDXVH WKHLU JRDOV DUH WRR ELJ WKH\ IDLO EHFDXVH WKHLU JRDOV DUH WRR VPDOO 7KRVH JRDOV DUH HDVLO\ IRUJRWWHQ RU WRVVHG DVLGH ZKHQ VRPHWKLQJ ELJJHU FRPHV DORQJ 6R PDNH VXUH \RX VHW ELJ EXW DFKLHYDEOH JRDOV

7KH WLWOH RI WKLV DUWLFOH LV WRQJXH LQ FKHHN $ KHGRQLVW LV SXUHO\ PRWLYDWHG E\ SOHDVXUH SHUKDSV HYHQ VHOILVK SOHDVXUH ,¶P QRW VXJJHVWLQJ WKDW¶V DSSURSULDWH DV D ZD\ RI OLIH %XW , GR WKLQN ZH VSHQG ZD\ WRR PXFK WLPH LQ RXU OLIH GRLQJ WKLQJV ZH GRQ¶W ZDQW WKDW ZH¶UH QRW JRRG DW ZLWK SHRSOH ZH GRQ¶W OLNH DQG ZLWKRXW JHWWLQJ DQ\ UHZDUG :K\ QRW GR VRPHWKLQJ GLIIHUHQW WKLV \HDU"

$V -RQDWKRQ .R]RO VD\V ³3LFN EDWWOHV ELJ HQRXJK WR PDWWHU VPDOO HQRXJK WR ZLQ´ .QRZ WKH UHDVRQ ZK\ ,W¶V QRW WKH ³ZKDW´ DQG ³KRZ´ RI D JRDO WKDW PRWLYDWHV \RX LW¶V WKH ³ZK\´ 6RPHWLPHV \RX¶OO HQG XS ZLWK VRPHWKLQJ WKDW ZDVQ¶W H[DFWO\ ZKDW \RX LPDJLQHG EXW LW VWLOO DFKLHYHV WKH VDPH UHVXOW

+HFN WKHUH¶OO EH SOHQW\ RI WLPHV ZKHQ OLIH LVQ¶W SHUIHFW 6XUH \RX PLJKW JHW VWXFN LQ WUDIILF ILJKW ZLWK \RXU SDUWQHU VWUXJJOH JHWWLQJ WKH NLGV WR VOHHS GR ZRUN WKDW \RX GRQ¶W ZDQW WR GR MXVW EHFDXVH LW¶V LQ \RXU MRE GHVFULSWLRQ RU IRUFH \RXUVHOI WR EH PRUH GLVFLSOLQHG DW ZRUN %XW WKRVH WKLQJV DUH JRLQJ WR KDSSHQ DQ\ZD\ :K\ ZRXOG \RX GHOLEHUDWHO\ VFKHGXOH PRUH RI WKRVH WKLQJV LQ \RXU JRDO VHWWLQJ DV ZHOO"

3ODQ /RYH ZKDW \RX GR

6R GR \RXUVHOI D IDYRXU ZKHQ \RX¶UH VHWWLQJ \RXU JRDOV IRU WKH \HDU 'RQ¶W FUHDWH JRDOV DQG DFWLYLWLHV WKDW LQYROYH VWUXJJOH FRPSOLFDWLRQ KDUGVKLS DQG VDFULILFH , NQRZ WKDW VRXQGV FRXQWHU LQWXLWLYH HVSHFLDOO\ LI \RX¶YH GRQH RWKHU JRDO VHWWLQJ SURJUDPV %XW KDQJ LQ WKHUH ,¶OO H[SODLQ

3ODQ WR HQMR\ WKH MRXUQH\ ,I LW WDNHV ZLOOSRZHU GLVFLSOLQH RU VDFULILFH WR DFKLHYH \RXU JRDO LW¶V KDUGHU WR GR DQG HDVLHU WR VOLS XS ,QVWHDG PDNH LW IXQ

,¶YH JRW WHQ JXLGHOLQHV KHUH EURNHQ GRZQ LQWR WKUHH DUHDV &KRRVLQJ WKH

,W¶V QR IXQ WR FUDZOLQJ RXW RI EHG DQ KRXU HDUO\ WR H[HUFLVH EXW SHUKDSV \RX FDQ PDNH LW IXQ E\ H[HUFLVLQJ ZLWK D IULHQG VR \RX PDNH LW D VRFLDO

ULJKW JRDOV JXLGHOLQHV SODQQLQJ DQG WDNLQJ DFWLRQ

HYHQW DV ZHOO

&KRRVH

,W¶V QR IXQ WR VHW DVLGH RI \RXU LQFRPH IRU ZHDOWK FUHDWLRQ EXW ZKDW LI \RX DOVR VHW DVLGH DQRWKHU DV ³SOD\ PRQH\´ WR EH VSHQW RQ IXQ DQG IULYROLW\"

'R ZKDW \RX ORYH ,W¶V VXUSULVLQJ KRZ PDQ\ SHRSOH VHW D JRDO EHFDXVH WKH\ WKLQN WKH\ ³VKRXOG´ GR LW RU WKH\ ³QHHG´ WR GR LW RU VRPHERG\ HOVH ZDQWV LW IRU WKHP 7KRVH JRDOV DUH WKH ILUVW WR JR ZKHQ OLIH JHWV LQ WKH ZD\

,W¶V QR IXQ WR FDOO SDVW FXVWRPHUV WR EULQJ WKHP EDFN LQWR \RXU IROG EXW ZKDW LI \RX LQYLWHG WKHP WR D FRFNWDLO SDUW\ LQVWHDG" +DQJ RXW ZLWK SHRSOH \RX OLNH


www.first-step-community.info

-DQXDU\

/LIH¶V WRR VKRUW WR VSHQG ZLWK SHRSOH \RX GRQ¶W OLNH ORYH LQVSLUH RU DUH LQVSLUHG E\

6R WKDW¶V LW 7KRVH DUH P\ WHQ JXLGHOLQHV IRU HDV\ JRDO VHWWLQJ *RRG OXFN DQG , ZLVK \RX DOO WKH EHVW IRU PDNLQJ WKH EHVW \HDU RI

'HFLGH ZKR \RX ZDQW WR VSHQG PRUH WLPH ZLWK WKLV \HDU DQG PDNH VXUH WKH\¶UH SDUW RI \RXU MRXUQH\ 7KH\ GRQ¶W KDYH WR EH DFWLYHO\ LQYROYHG LQ KHOSLQJ \RX DFKLHYH \RXU JRDOV DOWKRXJK WKDW¶V D ERQXV %XW PDNH VXUH WKH\¶UH DURXQG $QG EH HVSHFLDOO\ VXUH \RX GRQ¶W QHJOHFW WKHP ZKLOH DFKLHYLQJ \RXU JRDOV

\RXU OLIH

*,+$1 3(5(5$

7KH 6HYHQ %LJJHVW 0LVWDNHV %XVLQHVV 2ZQHUV 0DNH :LWK 7KHLU :HE 6LWHV

*HW KHOS :KDWHYHU \RXU JRDOV WKHUH¶V D JRRG FKDQFH VRPHERG\ HOVH KDV DOUHDG\ DFKLHYHG WKHP 6R ILQG WKH ULJKW PHQWRUV DQG DVN IRU WKHLU KHOS <RX PLJKW KDYH WR SD\ RU \RX PLJKW QRW (LWKHU ZD\ LW¶V WKH EHVW ZD\ WR IDVW WUDFN \RXU VXFFHVV

-$1 3 0

'R

7KH ,QWHUQHW KDV FKDQJHG UHFHQWO\ SDUWLFXODUO\ ZLWK WKH JURZWK RI ³:HE

6WDUW EHIRUH \RX¶UH UHDG\

´ WRROV VXFK DV )DFHERRN EORJJLQJ 7ZLWWHU /LQNHG,Q SRGFDVWLQJ DQG <RX7XEH

<RX ZRQ¶W KDYH DOO \RXU SUHSDUDWLRQ FRPSOHWH <RX ZRQ¶W NQRZ H[DFWO\ ZKDW SDWK WR IROORZ 7KHUH¶V DOZD\V D UHDVRQ QRW WR VWDUW WRGD\ %XW LI \RX¶UH ZDLWLQJ IRU WKH SHUIHFW PRPHQW WR JHW VWDUWHG \RX¶OO EH ZDLWLQJ D ORQJ WLPH 7KH SHUIHFW PRPHQW LV QRZ 7DNH D ELJ VWHS ILUVW $ URFNHW XVHV PRVW RI LWV IXHO LQ HVFDSLQJ WKH (DUWK¶V DWPRVSKHUH $IWHU WKDW LW WDNHV YHU\ OLWWOH HQHUJ\ WR NHHS JRLQJ 0DQ\ RI \RXU JRDOV HVSHFLDOO\ WKH ELJJHVW DQG PRVW LPSRUWDQW JRDOV DUH VLPLODU 'RQ¶W VWDUW ZLWK EDE\ VWHSV VWDUW ZLWK PDVVLYH VWULGHV 7KH JRRG QHZV LV WKDW RIWHQ MXVW D IHZ VWULGHV FDQ PDNH D ELJ GLIIHUHQFH DQG WKHQ HYHU\WKLQJ HOVH LV HDV\ $OWKRXJK WKLV KDV WDNHQ VRPH RI WKH IRFXV RII :HE VLWHV IRU H[DPSOH \RX FDQ QRZ KDYH DQ RQ OLQH SUHVHQFH ZLWKRXW D :HE VLWH LW GRHVQ¶W PHDQ WKDW :HE VLWHV DUH REVROHWH )DU IURP LW ,Q IDFW WKH RSSRVLWH LV WUXH $ KLJK TXDOLW\ :HE VLWH LV HYHQ PRUH LPSRUWDQW WKDQ HYHU EHIRUH ,W¶V MXVW WKDW LW SOD\V D GLIIHUHQW UROH LQ \RXU RQ OLQH VWUDWHJ\ 1RZ LW¶V QR ORQJHU WKH RQO\ SODFH WKDW SHRSOH ILQG \RX RQ WKH ,QWHUQHW EXW LW¶V VWLOO WKH ODVW SODFH WKH\ WXUQ WR EHIRUH GHFLGLQJ WR GR EXVLQHVV ZLWK \RX

2EYLRXVO\ ,¶P QRW VXJJHVWLQJ \RX GR GDQJHURXV WKLQJV OLNH VXGGHQO\ WDNLQJ XS VTXDVK LI \RX¶UH XQILW %XW LI LW¶V 2. WR VWDUW ZDONLQJ IRU PLQXWHV D GD\ VWDUW ZDONLQJ 'RQ¶W ³EXLOG XS WR LW´ ZLWK XQQHFHVVDU\ OLWWOH VWHSV H J EX\LQJ QHZ VQHDNHUV VWDUWLQJ D MRXUQDO WR UHFRUG \RXU SURJUHVV WHOOLQJ DOO \RXU )DFHERRN IULHQGV VKRSSLQJ IRU D QHZ 7 VKLUW WR FHOHEUDWH WKH VWDUW RI WKH MRXUQH\ DQG SORWWLQJ WKH RSWLPDO ZDONLQJ URXWH IRU GLIIHUHQW ZHDWKHU FRQGLWLRQV 6XUH WKHVH VPDOO VWHSV DUH HDV\ EXW LW¶V WKH ILUVW ELJ VWHS OLWHUDOO\ LQ WKLV FDVH WKDW PDWWHUV

,¶YH UHFHQWO\ FRPSOHWHO\ UHZULWWHQ P\ H ERRN ³7KH 6HYHQ %LJJHVW 0LVWDNHV %XVLQHVV 2ZQHUV 0DNH :LWK 7KHLU :HE 6LWHV´ WR WDNH WKHVH

'R VRPHWKLQJ HYHU\ GD\

QHZ :HE WRROV LQWR DFFRXQW +HUH¶V P\ QHZ OLVW RI WKH VHYHQ ELJJHVW PLVWDNHV

'R VRPHWKLQJ WRZDUGV DW OHDVW RQH RI \RXU JRDOV HYHU\ GD\ $IWHU DOO ZK\ ZRXOGQ¶W \RX" 7KHVH DFWLYLWLHV DUH IXQ QRW D EXUGHQ RU D FKRUH 6R LQ DGGLWLRQ WR ZRUNLQJ WRZDUGV \RXU JRDOV \RX¶UH DGGLQJ VRPH IXQ DQG HQMR\PHQW WR HYHU\ GD\ RI \RXU OLIH

‡ 0LVWDNH 7KHLU :HE 6LWH 'RHVQ¶W &KDQJH VR ,W¶V ,QDFFXUDWH 2XW 2I 'DWH 2U -XVW 3ODLQ :URQJ ‡ 0LVWDNH 7KH\ 0DNH ,W 7RR 'LIILFXOW )RU 3HRSOH WR %X\

0RUH LPSRUWDQWO\ DW WKH HQG RI WKH \HDU \RX ZLOO KDYH WDNHQ VWHSV HQMR\DEOH VWHSV WRZDUGV DFKLHYLQJ \RXU JRDOV 7KDW¶V PRUH WKDQ WKH DYHUDJH SHUVRQ

‡ 0LVWDNH 7KH\ 'RQ¶W +DYH $ ³3ODQ %´ )RU 3HRSOH :KR 'RQ¶W %X\


www.first-step-community.info

-DQXDU\

‡ 0LVWDNH 7KHLU :HE 6LWH )RFXVHV 2Q 7KHPVHOYHV 1RW WKH 5HDO 3UREOHPV RI 7KHLU 6LWH 9LVLWRUV

KDQG D WKXPEV XS DUH ZD\V RI UHPLQGLQJ XV WR UHDFK RXW DQG XQGHUVWDQG /HW¶V QRW WDNH RXU IHOORZ IRON IRU JUDQWHG /LWWOH ZDYHV FDQ NHHS XV WUXFNLQJ

‡ 0LVWDNH 7KH\ 7U\ 7R 6HOO 7RR 6RRQ ‡ 0LVWDNH 7KH\ 7U\ 7R 3OHDVH (YHU\ERG\ $QG (QG 8S 3OHDVLQJ 1RERG\

62 :+$7¶6 1(;7"

5D\ $QGHUVRQ FOLPELQJ 0W 6XVWDLQDELOLW\

‡ 0LVWDNH 7KHLU :HE 6LWH 'RHVQ¶W )LW 7KH 5HVW 2I 7KHLU 2Q /LQH 6WUDWHJ\

-$1 3 0

,W¶V VWLOO IUHH DQG \RX FDQ GRZQORDG \RXU FRS\ KHUH DW P\ QHZ :HE VLWH %XLOG<RXU:HE6LWH,Q7ZR'D\V FRP

2QH RI WKH JUHDW FKDPSLRQV RI SURYLQJ WKH EXVLQHVV FDVH IRU VXVWDLQDELOLW\ 5D\ $QGHUVRQ RI ,QWHUIDFH JLYHV VRPH RI WKH LQVLJKWV KH DQG KLV SHRSOH KDYH JOHDQHG LQ FOLPELQJ ZKDW 5D\ FDOOV 0W 6XVWDLQDELOLW\

7+,1.,1* &$36

:DYHV $FURVV WKH 1XOODERU -$1 $ 0 %H UHPDUNDEOH ,DQ )RXQGHU 'LIIHUHQFHPDNHUV &RPPXQLW\ 3DUWQHULQJ SDVVLRQDWH SHRSOH WR FKDQJH ZKDW¶V QRUPDO IRU WKH JRRG RI SHRSOH RXU SODQHW DQG IRU SURILW GRLQJ WRGD\ ZKDW RWKHUV ZLOO RQO\ EH WKLQNLQJ DERXW WRPRUURZ

*,+$1 3(5(5$

7UXH KDSSLQHVV FRPHV IURP UHFXUULQJ LQFRPH QRW SDVVLYH LQFRPH

:KHQ \RX WDNH D VORZ RU IDVW GULYH DFURVV $XVWUDOLD \RX JHW WR GULYH µWKH ORQJHVW VWUDLJKW VWUHWFK RI URDG LQ WKH :RUOG¶ RU VR WKH VLJQ VD\V NLORPHWHUV HDVW RI 3HUWK RQ WKH 1XOODERU 3ODLQ \RX KLW WKH 0LOH 6WUDLJKW NP 1R EHQG QR NLQN QR GHYLDWLRQ 7KH RQO\ WURXEOH ZLWK

-$1 $ 0

QR NLQNV LQ OLIH LV WKDW WKH\ FDQ VRPHWLPHV PDNH \RX EHFRPH FRPSODFHQW

$ SDUWLFLSDQW LQ DQ RQ OLQH FRPPXQLW\ UHFHQWO\ ZURWH DERXW 7LP )HUULVV¶ ERRN ³7KH )RXU +RXU :RUN :HHN´ +H OLNHG WKH ERRN EXW FULWLFLVHG LW IRU SURPRWLQJ WKH XQUHDOLVWLF JRDO RI ³ILQGLQJ D QLFKH IRU DQ RQOLQH EXVLQHVV WKDW ZLOO PDNH \RX PRQH\ ZKLOH \RX VOHHS $QG RQO\ WDNHV KRXUV D ZHHN´

2QH RI WKH PDQ\ EHDXWLIXO WKLQJV DERXW WKH ORQJ GULYH DFURVV $XVWUDOLD LV WKDW PRUH RIWHQ WKDQ QRW ZKHQ DSSURDFKLQJ RQ FRPLQJ WUDIILF \RX DQG WKH RQ FRPLQJ GULYHU H[FKDQJH D OLWWOH ZDYH RI WKH KDQG LQ SDVVLQJ 6RPHWLPHV \RX FDQ JR IRU KRXUV ZLWKRXW RQ FRPLQJ WUDIILF RWKHU WLPHV WKHUH FDQ EH WKUHH RI IRXU YHKLFOHV LQ WKH VSDFH RI DQ KRXU 7KHVH OLWWOH ZDYHV WKHVH DFNQRZOHGJHPHQWV RI WKH SDVVLQJ µVKLSV LQ WKH QLJKW¶ KHOS WR NHHS IRFXV KHOS WR MROW FRPSODFHQF\ 7KH\ PD\ EH RQO\ OLWWOH ZDYHV IURP VHHPLQJO\ µFRPSOHWH VWUDQJHUV¶ EXW LW LV D ZD\ WKDW ORQJ KDXO GULYHUV ORRN RXW IRU HDFK RWKHU ,W¶V D ZD\ RI VD\LQJ µ0DWH NHHS DOHUW <RX¶UH QRW DORQH ,W¶V JRRG WR VHH \RX ¶

, DJUHH ZLWK KLP ,W¶V QRW HDV\ WR FUHDWH D SDVVLYH LQFRPH VWUHDP RQ WKH ,QWHUQHW %XW , GRQ¶W WKLQN WKDW¶V WKH SRLQW RI WKH ERRN 8QIRUWXQDWHO\ , WKLQN WKDW¶V RQH RI WKH ELJJHVW PLVXQGHUVWDQGLQJV RI WKH ERRN 7RR PDQ\ SHRSOH ODWFKHG RQ WR WKH LGHD RI ³LQVWDQW ,QWHUQHW LQFRPH´ DQG PLVVHG WKH ZKROH SRLQW RI WKH ERRN ,W¶V QRW DERXW FUHDWLQJ DQ DXWRPDWHG EXVLQHVV LW¶V DERXW GRLQJ ZKDW \RX ORYH VR WKDW ZKDW VHHPV OLNH ZRUN RQO\ WDNHV D IHZ KRXUV D ZHHN

/LWWOH ZDYHV DUH LPSRUWDQW LQ OLIH ZKHWKHU ZH DUH GULYLQJ ORQJ VWUDLJKW URDGV RU ZDONLQJ EHQGLQJ VWUHHWV LQ D WKULYLQJ PHWURSROLV +XPDQ EHLQJV QHHG FRQQHFWLYLW\ ZH QHHG WR DFNQRZOHGJH DQG EH DFNQRZOHGJHG DV SDUW RI D ZKROH /LWWOH ZDYHV LQ WKH IRUP RI D QRG D NQRZLQJ VPLOH D JHQWOH

,¶YH KHDUG )HUULVV VD\ DV PXFK RQ D IHZ DXGLR LQWHUYLHZV DQG , ZRQGHU


www.first-step-community.info

-DQXDU\

ZKHWKHU WKH UHYLVHG YHUVLRQ RI WKH ERRN SODFHV OHVV RI DQ HPSKDVLV RQ RQ OLQH EXVLQHVV

0$77 &+85&+

3HUVRQDOO\ , WKLQN WUXH KDSSLQHVV LQ EXVLQHVV FRPHV IURP UHFXUULQJ LQFRPH QRW SDVVLYH LQFRPH 7KH GLIIHUHQFH" 3DVVLYH LQFRPH LV PDNLQJ PRQH\ LQ \RXU VOHHS ZKLFK , DJUHH LV GLIILFXOW 5HFXUULQJ LQFRPH RQ WKH RWKHU KDQG LV ZKHUH \RX KDYH D EXQFK RI OR\DO IROORZHUV ZKR ZDQW WR EH SDUW RI \RXU QHWZRUN \RX FRQVLVWHQWO\ GHOLYHU JUHDW YDOXH WR WKHP DQG WKH\¶UH KDSS\ WR SD\ \RX D VXEVFULSWLRQ IRU LW

-$1 $ 0

0\ UHQWDO SURSHUWLHV EULQJ PH SDVVLYH LQFRPH 0\ PHPEHUVKLS VLWH EULQJV PH UHFXUULQJ LQFRPH , KDYH WR ZRUN DW WKH ODWWHU EXW LW¶V ZRUN ,

NQHZ WKH µIODW¶ VFUHHQ ZRXOG EH WKH QRUP

'LVUXSWLYH ,GHDV +DSS\ 1HZ <HDU $V ZH ODXQFK LQWR D QHZ GHFDGH ZH JHW WR DVN VRPH ELJ TXHVWLRQV )RU PH WKH ELJ TXHVWLRQV DUH WKRVH DURXQG WKH LGHD RI IRUHVLJKW VR ZKDW ZLOO VWD\ WKH VDPH DQG ZKDW ZLOO FKDQJH RYHU WKLV GHFDGH" )RU PH WKH EHVW EXVLQHVV TXHVWLRQ LV µZKDW LGHD WHFKQRORJ\ RU LQQRYDWLRQ ZLOO GLVUXSW \RXU EXVLQHVV WKLV GHFDGH",I 79 PDQXIDFWXUHUV

ORYH VR LW¶V E\ IDU WKH PRUH IXOILOOLQJ 3(7(5 :(%%¶6 ³:,6'20 &,5&/(´

6HHLQJ &OHDUO\

*,+$1 3(5(5$

-$1 $ 0

6XSHU)UHDNRQRPLFV E\ 6WHYHQ /HYLWW DQG 6WHSKHQ 'XEQHU -$1 3 0

$W WKH VWDUW RI D QHZ \HDU DQG D QHZ GHFDGH KHUH DUH DVSHFWV RI OLIH , VHH PRUH FOHDUO\ QRZ :H DUH DOO FRQQHFWHG WR PRUH SHRSOH ZKR KROG XV LQ SRVLWLYH UHJDUG WKDQ ZH UHDOL]H &RUUHVSRQGLQJO\ ZH LQIOXHQFH PRUH OLYHV WKDQ ZH WKLQN <HW WKHUH LV D WHQGHQF\ WR LPDJLQH WKDW RWKHUV DUH MXVW DV YLWDOO\ HQJDJHG LQ P\ VWRU\ DV , DP 7KH\¶UH QRW 7KLV LV RQH RI WKH JUHDW VHOI GHOXVLRQV (YHU\WKLQJ LV DV LW VKRXOG EH /LIH PRYHV RQ ZLWK RU ZLWKRXW PH 0\ VWRU\ LV RQO\ D IDEULFDWLRQ RI P\ GUHDPV P\ GHVLUHV P\ DFWLRQV DQG UHDFWLRQV

/HYLWW DQG 'XEQHU KDYH IROORZHG XS WKHLU UXQDZD\ EHVWVHOOHU )UHDNRQRPLFV ZLWK DQRWKHU UROOLFNLQJ UHDG DERXW SHRSOH WKH ZRUOG DQG HYHU\WKLQJ VHHQ IURP DQ HFRQRPLVW¶V YLHZSRLQW 7KLV ERRN OLNH WKH ILUVW GLSV LQWR PDQ\ DUHDV RI OLIH LQFOXGLQJ SURVWLWXWLRQ WHUURULVP FKLOG VDIHW\ DQG FOLPDWH FKDQJH $JDLQ OLNH WKH ILUVW WKHUH¶V RQH DUHD WKDW¶V D SDUWLFXODUO\ KRW WRSLF ,Q WKH RULJLQDO LW ZDV WKH OLQN EHWZHHQ DERUWLRQ DQG D GHFUHDVH LQ FULPH UDWHV LQ WKH VHTXHO LW¶V JOREDO ZDUPLQJ %HLQJ D FRQWURYHUVLDO WRSLF LW¶V QRW VXUSULVLQJ WKDW WKLV VHFWLRQ RI WKH ERRN KDV EHHQ VFUXWLQLVHG DQG WDNHQ DSDUW E\ LWV FULWLFV 7KH IOLS VLGH RI FRXUVH LV WKDW LW JHWV PHGLD DWWHQWLRQ DQG VHOOV PRUH ERRNV ZKLFK PLJKW KDYH EHHQ WKH SRLQW DOO DORQJ , GRQ¶W NQRZ HQRXJK DERXW WKH FOLPDWH FKDQJH LVVXH WR FRPPHQW RQ ZKHWKHU WKH DXWKRUV¶ YLHZ LV DFFXUDWH RU QRW EXW , GR SRLQW RXW WKDW QRW HYHU\ERG\ DJUHHV ZLWK LW

2WKHUV SODFH WKHLU RZQ LQWHUSUHWDWLRQV RQ P\ OLIH , KDYH QR LQIOXHQFH RQ WKDW %XW , FDQ EH WKH DXWKRU RI P\ RZQ HSLF HYHQ WR WKH ILQDO FKDSWHU 7KH IHDU RI GHDWK LV RQO\ IULJKWHQLQJ ZKHQ YLHZHG IURP WKH LPDJLQHG SHUVSHFWLYH RI RWKHUV :KDW ZLOO WKH\ VD\ DERXW PH" :LOO WKH\ UHPHPEHU PH" :KDW ZLOO , KDYH DPRXQWHG WR"

$OWKRXJK QRWKLQJ LQ WKLV ERRN LV OLNHO\ WR FKDQJH DQ\WKLQJ LQ P\ OLIH , VWLOO IRXQG LW WR EH DQ HQWHUWDLQLQJ UHDG


www.first-step-community.info

-DQXDU\

*,+$1 3(5(5$

*,+$1 3(5(5$

+RW 7RSLFV LQ ( /HDUQLQJ

,QWHUQHW 0DUNHWLQJ 3UHGLFWLRQV IRU

-$1 3 0 , SUHGLFW D ELJ ULVH LQ RQ OLQH HGXFDWLRQ RU ³H OHDUQLQJ´ DV LW¶V VRPHWLPHV FDOOHG LQ $OO WKH VLJQV DUH ULJKW IRU WKH ELJJHVW JURZWK HYHU LQ WKLV HYHU JURZLQJ ILHOG $IIRUGDEOH DQG HDV\ WR XVH WHFKQRORJ\ RUJDQLVDWLRQV ZDQWLQJ WR FXW H[SHQVHV WUDYHO EHFRPLQJ PRUH GLIILFXOW DQG LQFRQYHQLHQW DQG DQ LQFUHDVHG GHPDQG IURP HPHUJLQJ HFRQRPLHV

-$1 $ 0

,I \RX¶G OLNH D JOLPSVH DW WKH FXUUHQW VWDWH RI SOD\ UHDG 7RQ\ .DUUHU¶V EORJ SRVW ³+RW 7RSLFV LQ H/HDUQLQJ IRU ´ ZKLFK VXPPDULVHV WKH PRVW SRSXODU DUHDV LQ H OHDUQLQJ LQ WKH ODVW \HDU $OWKRXJK LW¶V ORRNLQJ LQ WKH UHDU YLHZ PLUURU LW¶V DQ H[FHOOHQW IRXQGDWLRQ LI \RX¶UH WKLQNLQJ RI

(ZHQ &KLD¶V UHSRUW LV UHIUHVKLQJO\ GLIIHUHQW

,W¶V WKDW WLPH RI \HDU ZKHQ HYHU\ PDQ DQG KLV GRJ LV FRPLQJ RXW ZLWK D VHW RI SUHGLFWLRQV IRU WKH FRPLQJ \HDU +HFN ,¶YH GRQH LW P\VHOI 6R ,¶P VFHSWLFDO EHFDXVH VRPHWLPHV WKLV LV MXVW D PDUNHWLQJ JLPPLFN

'RZQORDG LW KHUH IRU VRPH VROLG KLJK YDOXH SUHGLFWLRQV IRU ,QWHUQHW PDUNHWLQJ LQ

DGGLQJ H OHDUQLQJ WR \RXU VHUYLFH PL[ LQ

*,+$1 3(5(5$ 62 :+$7¶6 1(;7"

([SHFW 0RUH RYHU WKH ODVW IRXU \HDUV

:DV 3HWHU 'UXFNHU WKH )RXQGHU RI &65"

-$1 3 0

-$1 $ 0 +DSS\ 1HZ <HDU , KRSH LV WKH EHVW \HDU RI \RXU OLIH 7RE\ :HEE IRXQGHU RI EXVLQHVV LQWHOOLJHQFH FRPSDQ\ (WKLFDO &RUSRUDWLRQ VXJJHVWV 3HWHU 'UXFNHU NQRZQ DV WKH IDWKHU RI PRGHUQ PDQDJHPHQW LV DOVR WKH IDWKHU RI &65 ZKLFK VKDWWHUV P\ XQGHUVWDQGLQJ WKDW &65 VWDUWHG LQ WKH \HDU RI P\ ELUWK

)RU WKH ODVW IRXU \HDUV ,¶YH LQYLWHG P\ FOLHQWV DQG PHPEHUV WR HDFK FRQWULEXWH D RQH SDJH DUWLFOH WR D FRPSLODWLRQ H ERRN ([SHFW 0RUH )URP ([SHFW 0RUH )URP DQG VR RQ -XVW IRU IXQ ,¶YH SXW WRJHWKHU D ZRUG FORXG RI WKH ZRUGV LQ HDFK RI WKH IRXU H ERRNV IRU FRPSDULVRQ

<RX FDQ UHDG DOO DERXW WKLV LQ 7RE\¶V H[FHOOHQW EORJ KHUH 7KH PRVW LPSRUWDQW WKLQJ WKLV VXJJHVWV IRU PH LV WKDW JRRG WKLQJV RIWHQ WDNH DZKLOH WR EHFRPH WKH QRUP DQG LQ P\ YLHZ WKLV GHFDGH ZLOO VHH FRUSRUDWH UHVSRQVLELOLW\ DV WKH QRUP

%H UHPDUNDEOH ,DQ )RXQGHU 'LIIHUHQFHPDNHUV &RPPXQLW\ 3DUWQHULQJ SDVVLRQDWH SHRSOH WR FKDQJH ZKDW¶V QRUPDO IRU WKH JRRG RI SHRSOH RXU SODQHW DQG IRU SURILW GRLQJ WRGD\ ZKDW RWKHUV ZLOO RQO\ EH WKLQNLQJ DERXW WRPRUURZ


www.first-step-community.info

-DQXDU\

/(7¶6 *2 7+(5(

3DFN OLJKW IRU D QHZ GHFDGH '(& 3 0

$ QHZ GD\ LV XSRQ XV <HV D QHZ GD\ $ QHZ \HDU $ QHZ GHFDGH +RZ H[KLODUDWLQJ LW LV WR KDYH VR PXFK QHZQHVV $QWLFLSDWLRQ RI ZKDW LV WR FRPH ILOOV PH ZLWK H[FLWHPHQW

0RYLQJ WLPH

7KH FORFN WLFNHG RYHU WKH PLQXWH SDVVHG :LWKRXW HYHQ EOLQNLQJ ZH DUH QRZ LQ D QHZ WLPH VORW ,W IHHOV OLNH PHQWDOO\ ZH WRRN RXU EUDLQ RXW RI RQH VRFNHW DQG SOXJJHG LW LQWR DQRWKHU

<HW ZH DUH QRW PXFK GLIIHUHQW WKLV PLQXWH FRPSDUHG WR WKH ODVW ,Q RXU PLQGV DQG WKRXJKWV ZH JLYH WKH FKDQJH LQ WLPH SRZHU RYHU XV 6KRXOGQ¶W LW EH WKH RWKHU ZD\ DURXQG ± LH WLPH JLYHV XV WKH SRZHU WR FKDQJH" $V LW LV WKH ILUVW GD\ RI WKH QHZ GHFDGH , GHFODUH ³WKDQN \RX IRU WKH KLJKV DQG ORZV WKH OHDUQLQJ DQG WKH FKDOOHQJHV , LQYLWH P\ ZLVGRP WR FRQWLQXH WR WUDYHO RQ ZLWK PH , RSHQ XS WR QHZ H[SHULHQFHV GLUHFWLRQV DQG DEXQGDQW KDSSLQHVV 0D\ WLPH EH IULHQG DQG FRPSDQLRQ UDWKHU WKDQ IRH RU HQHP\ ´

/HDYLQJ WKH SDVW EHKLQG %HKLQG WKHVH ZRUGV WKHUH LV PXFK PRUH %\ WKH ZD\ \RX FDQ JHW DOO IRXU RI WKH H ERRNV LQ WKH IUHH UHVRXUFHV

7KH SDVW LV WKH SDVW ,W LV JRQH ,W ZRQ¶W EH KHUH DJDLQ XQOHVV ZH GUDJ LW WKURXJK RXU PLQGV RYHU DQG RYHU :H FKRRVH ZKDW ZH EULQJ DORQJ ZLWK XV DV ZH PRYH RQ :H FKRRVH WKH WKRXJKWV WKDW ZH SDFN LQ RXU EDJV DQG OXJ DURXQG DJDLQ DQG DJDLQ ZKHUHYHU ZH JR

VHFWLRQ RI P\ :HE VLWH

&ROOHFWLQJ SHDUOV RI ZLVGRP (YHQ EHWWHU ZH FROOHFW DQG SLFN XS SHDUOV RI ZLVGRP DORQJ WKH ZD\ 7R


www.first-step-community.info

-DQXDU\

QRW SD\ DWWHQWLRQ WR WKHVH SUHFLRXV NHHSVDNHV LV D GLVFUHGLW WR RXU VHOI DQG RXU RZQ SHUVRQDO MRXUQH\ /HIW KLGGHQ DQG XQFRQVFLRXV VXFK JHPV GR QRWKLQJ IRU XV 8QHDUWKHG DQG DFNQRZOHGJHG ZH DUH DEOH WR OHYHUDJH OHDUQ DQG OHDG

, VD\ RXU VHOI LV FRQVWDQW EHFDXVH ZH NQRZ RXU VHOI :H DOVR FDQ EH LQ FRQVWDQW LQWHUQDO GLDORJXH DZDUHQHVV DQG NQRZLQJ RI RXU RZQ WKRXJKWV IHHOLQJV HPRWLRQV DQG SK\VLFDOLW\ 12 21( (/6( NQRZV DV PXFK DV ZH GR DERXW RXU VHOI :H PD\ KRZHYHU FKRRVH DW VRPH OHYHO WR QRW SD\ DWWHQWLRQ DQG WKHQ RWKHUV VHH ZKDW ZH GRQ¶W VHH 6R ZH DUH RXU RZQ OLJKW OHDGLQJ WKH ZD\ WKURXJK WLPH +RZ EULJKW ZH DUH GHSHQGV RQ KRZ PXFK ZH VHH ZLWKLQ RXU VHOI :KDW¶V LQ \RXU EDJ PDWWHUV

2YHU HQJLQHHULQJ KROGV \RX EDFN

3DFN \RXU EDJ 6R LPDJLQH WKDW DV \RX VWHS WKURXJK WKH WLPH FRQWLQXXP WKDW \RX RQO\ KDYH URRP IRU D VPDOO FDUU\ RQ EDJ :KDW LV LW \RX ZLVK WR OHDYH EHKLQG" :KDW LV LW \RX ZLVK WR WDNH ZLWK \RX"

:H FDQ SODQ :H FDQ FRPH XS ZLWK HODERUDWH GHWDLOHG OLVWV :H FDQ SUHVFULEH URXWLQHV DQG JRDOV WR DFKLHYH <HW GR \RX UHDOO\ WUXO\ NQRZ WKDW DOO \RX SODQ ZLOO XQIROG H[DFWO\ DV \RX LPDJLQH" 1R -XVW ORRN EDFN DW WKH SDVW DJDLQ IRU D PRPHQW +RZ PXFK ZHQW DV \RX H[SHFWHG" 3XW D SHUFHQWDJH RQ LW" 1RZ KRZ FORVH ZDV WKDW WR FKDQFH"

:KDW UHDOO\ DUH \RX QR ORQJHU JRLQJ WR OXJ DURXQG" :KDW DUH \RX QR ORQJHU JRLQJ WR SXW XS ZLWK" :KDW DUH \RXU SHDUOV RI ZLVGRP"

+RZHYHU DW DQRWKHU OHYHO FRQVLGHU WKH RXWFRPHV RI \RXU GHVLUHV GUHDPV ZDQWV ZLVKHV LQWHQWLRQV 'LG \RX HQG XS ZKHUH \RX ZDQWHG WR EH LUUHVSHFWLYH RI KRZ \RX JRW WKHUH" ,I VR WKHQ SD\ DWWHQWLRQ WR WKH ZD\ \RX IRFXVHG RQ ZKDW \RX GHVLUHG DQG QRW VR PXFK WKH PHDQV 7KLV LV QRW WR VD\ WKDW WKH HQG MXVWLILHV WKH PHDQV ,QVWHDG WKH HQG RFFXUV LUUHVSHFWLYH RI WKH PHDQV +DYLQJ WUXVW LQ WKH HQG EHLQJ ZKDW \RX ZDQW JLYHV \RX WKH HQHUJ\ WR JR D YDULHW\ RI ZD\V

/LJKW WKH ZD\

2WKHUZLVH LW LV VLPSO\ D OLIH OLYHG LQ FKDQFH 7KHQ , ZRXOG VD\ WLPH KDV LW¶V KROG RQ \RX

,W¶V WLPH UHDOO\ LW LV WR FUHDWH \RXU RZQ LWLQHUDU\ ,Q KRQRU RI WKLV QHZ GHFDGH WKLV QHZ \HDU ZK\ GRQ¶W \RX FRPPLW WR VKHGGLQJ VRPH RI \RXU ROG ZD\V DQG RSHQLQJ XS WR WKH QHZ :KDW \RX FKRRVH WR OHW JR RI DQG DFNQRZOHGJH LV HQWLUHO\ XS WR \RX 7KLV EDODQFLQJ LV WKH EHDXW\ RI WKH ZKROH HTXDWLRQ $QG JXHVV ZKDW \RX FDQ UHIOHFW HYHU\ GD\ RI WKH \HDU RI WKH GHFDGH <RX GRQ¶W KDYH WR GR D SHUVRQDO UHYLHZ RQFH D \HDU MXVW EHFDXVH LW LV -DQXDU\ 7KRXJK D GDWH OLNH WRGD\ LV QLFH DQG QHDW WR WLH \RXU WKRXJKWV DOO LQ ZLWK D VLJQLILFDQW

:KDW \RX WDNH ZLWK \RX LV WKH OLJKW WKDW OHDGV WKH ZD\ $V HDFK PRPHQW GD\ \HDU FRPHV DORQJ ZH HVVHQWLDOO\ KDYH RQH FRQVWDQW ± RXU VHOI (YHU\WKLQJ HOVH DURXQG XV FKDQJHV


www.first-step-community.info

-DQXDU\

WLFNLQJ RYHU RI WKH FORFN DQG FDOHQGDU

:KDW SHRSOH WDONHG DERXW PRVW RQ 7ZLWWHU LQ

62 :+$7¶6 1(;7"

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

6R ZKHUH GR \RX ZDQW WR JR" :KDW GR \RX ZDQW" &UHDWLQJ WKH W\SH RI MRXUQH\ WKDW \RX GHVLUH LV QRW WRR IDU DZD\ ,W¶V UHDOO\ \RXU FKRLFH :KDW DUH \RX ZDLWLQJ IRU"

7KLV LV ZKDW ZH GR DW GLIIHUHQFHPDNHUV FRPPXQLW\ 3OHDVH MRLQ XV KHUH

/HW¶V JR WKHUH

*UHHG DQG VWXSLG EXVLQHVV SUDFWLFH ZLOO FRQWLQXH LQ VRPH VHFWLRQV RI WKH ILQDQFLDO VHUYLFHV VHFWRU 6RPH IRON KDYHQ¶W OHDUQW WKHLU OHVVRQ 3HRSOH ZLWK GHPRQVWUDEOH HWKLFV JHQXLQH FRUSRUDWH UHVSRQVLELOLW\ DQG JHQHUDO JRRG EXVLQHVV SUDFWLFH ZLOO WKULYH

-HQQ

*,+$1 3(5(5$

/RRNLQJ %DFN 2YHU

7KH QXPEHU RI GRXEOH VRFLDO DQG HQYLURQPHQWDO DQG WULSOH ERWWRP OLQH VRFLDO HQYLURQPHQWDO DQG HFRQRPLF EXVLQHVVHV ZLOO FRQWLQXH WR

'(& 3 0

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

$ IHZ DVVRUWHG OLQNV WR UHYLHZV RI

7ZLWWHU RU VRPHWKLQJ VLPLODU QRW \HW LQYHQWHG ZLOO UHSODFH HPDLO DV WKH PDLQ PHDQV RI VWD\LQJ LQ WRXFK RQOLQH

)DFHERRN -RLQV WKH :HE 7UHQG 3DUW\ )RUEHV $ <HDU ,Q 5HYLHZ 6RFLDO 0DUNHWLQJ 7UHQGV

HERRNV DQG RWKHU PHDQV RI RQOLQH OHDUQLQJ ZLOO WKULYH LQ SDUWLFXODUO\ WKRVH WKDW IRFXV RQ VHOI GHYHORSPHQW WKDW LV SUDFWLFDO DQG UHDO PDNLQJ VRFLDO PHGLD ZRUN IRU EXVLQHVV VXVWDLQDELOLW\ LQQRYDWLRQ OHDGHUVKLS

7KLV 'XPE 'HFDGH 7KH /DPHVW 0RPHQWV LQ 7HFK )RFDO 3RLQW 7KH <HDU LQ 5HYLHZ

, ZLVK DOO RI HDUWK¶V FLWL]HQV \RXU EHVW \HDU \HW LQ


www.first-step-community.info

-DQXDU\

%H UHPDUNDEOH ,DQ )RXQGHU 'LIIHUHQFHPDNHUV &RPPXQLW\ 3DUWQHULQJ SDVVLRQDWH SHRSOH WR FKDQJH ZKDW¶V QRUPDO IRU WKH JRRG RI SHRSOH RXU SODQHW DQG IRU SURILW GRLQJ WRGD\ ZKDW RWKHUV ZLOO RQO\ EH WKLQNLQJ DERXW WRPRUURZ

*,+$1 3(5(5$

)LUVW 6WHS 0HPEHU :HELQDUV IRU

3URIHVVLRQDO VHOOLQJ LV DQ RUFKHVWUDWHG HYHQW -RLQ PDVWHU VDOHV FRQVXOWDQW DQG IRXQGHU RI 6DOHV&RDFK&HQWUDO FRP 'DYLG 3HQJODVH DV KH WHDFKHV \RX KRZ WR VHOO PRUH LQ \RXU VSHDNLQJ WUDLQLQJ FRDFKLQJ FRQVXOWLQJ RU WKRXJKW OHDGHUVKLS SUDFWLFH

'(& 3 0

-XQH 7KH $UW DQG 6FLHQFH RI 0HQWRULQJ ZLWK $QQ 5ROIH

7KHUH¶V QR GRXEW WKDW ZDV WKH \HDU ZKHQ ZHELQDUV FDPH RI DJH DV D YLDEOH DIIRUGDEOH WRRO IRU EXVLQHVV RZQHUV QRW MXVW ODUJH FRUSRUDWHV +HUH¶V D UHFDS RI WKH ZHELQDUV , KRVWHG WKLV \HDU ,I \RX¶YH EHHQ D )LUVW 6WHS &RPPXQLW\ PHPEHU DOO \HDU \RX ZRXOG KDYH VHHQ WKHVH DOUHDG\ ,I \RX¶UH QRW D PHPEHU MRLQ WKH FRPPXQLW\ QRZ DQG \RX FDQ ZDWFK DOO RI WKHVH UHFRUGLQJV $SULO 3UHVHQWLQJ WR 0RGHUQ $XGLHQFHV ZLWK $OLFLD &XUWLV

&RDFKLQJ ZDV WKH KRWWHVW VHUYLFH RIIHULQJ IRU H[SHUWV WHQ \HDUV DJR QRZ WKHUH¶V D JUDGXDO VKLIW WR PHQWRULQJ ,Q WKLV ZHELQDU $XVWUDOLD¶V OHDGLQJ PHQWRULQJ VSHFLDOLVW $QQ 5ROIH WHDFKHV WKH DUW DQG VFLHQFH RI HIIHFWLYH PHQWRULQJ -XO\ 7KH :HELQDU RQ :HELQDUV

7HFKQRORJ\ KDV QRW MXVW FKDQJHG WKH ZD\ \RX GHOLYHU \RXU PDWHULDO LW¶V DOVR FKDQJHG WKH ZD\ DXGLHQFHV HQJDJH GXULQJ D SUHVHQWDWLRQ 0RGHUQ DXGLHQFHV H[SHFW PRUH WKDQ MXVW VLWWLQJ VWLOO OLVWHQLQJ DQG ZDWFKLQJ D SUHVHQWHU :DWFK WKLV SUHVHQWDWLRQ E\ $OLFLD &XUWLV DERXW KRZ WR HQJDJH ZLWK PRGHUQ DXGLHQFHV 0D\ 9LWDO 6WUDWHJLHV IRU 3URIHVVLRQDO 6SHDNHUV WR 0DVWHU WKH 6FLHQFH RI 6HOOLQJ ZLWK 'DYLG 3HQJODVH

:HELQDUV DUH WKH KRW QHZ ZD\ WR GHOLYHU LQIRUPDWLRQ HVSHFLDOO\ LQ WKLV WLPH RI FOLPDWH FKDQJH DZDUHQHVV FRUSRUDWH FRVW FXWWLQJ HPSKDVLV RQ OLIHVW\OH DQG JOREDO DFFHVV ,Q WKLV ZHELQDU , H[SODLQ KRZ WR XVH ZHELQDU


www.first-step-community.info

-DQXDU\

WHFKQRORJ\ WR GHOLYHU \RXU PDWHULDO HIIHFWLYHO\ $XJXVW <RXU ( /HDUQLQJ 6WUDWHJ\

0DQ\ SHRSOH GUHDP RI EHLQJ PLOOLRQDLUHV EXW RQO\ SHUFHQW RI $XVVLHV PDNH LW $V SURIHVVLRQDO VSHDNHUV \RX NQRZ \RX FDQ PDNH N SOXV D \HDU EXW GR \RX NQRZ KRZ WR NHHS LW DQG WXUQ LW LQWR ILQDQFLDO IUHHGRP" 2U GR \RX RIWHQ ZRQGHU ZK\ \RX GRQ¶W KDYH PRUH WR VKRZ IRU DOO \RXU KDUG ZRUN" ,I \RX¶G OLNH VRPH FOHDU KLJK LPSDFW ZD\V WR PDQDJH \RXU PRQH\ DQG LQYHVW WKHQ WKLV ZHELQDU LV IRU \RX ,Q WKLV ZHELQDU ZH¶OO GLVFXVV VWUDWHJLHV IRU VSHDNHUV WR RYHUFRPH WKH WKUHH IDWDO EHKDYLRXUV WKDW URE \RX RI ULFKHV

0DQ\ VSHDNHUV DQG WUDLQHUV ZDQW WR GHOLYHU WKHLU PDWHULDO RQ OLQH EXW GRQ¶W NQRZ KRZ WR GR LW HIIHFWLYHO\ ,W¶V QRW HQRXJK WR MXVW WXUQ D WUDLQLQJ SURJUDP LQWR DQ RQ OLQH FRXUVH RU D NH\QRWH SUHVHQWDWLRQ LQWR D ZHELQDU <RX PXVW JHW \RXU VWUDWHJ\ ULJKW DQG FUHDWH D SURJUDP WKDW GHOLYHUV PDWHULDO LQ D YDULHW\ RI ZD\V WR PDWFK GLIIHUHQW OHDUQLQJ VW\OHV DQG DXGLHQFH QHHGV

6HSWHPEHU 2Q /LQH 3UHVHQWDWLRQV DQG 6OLGH 6KRZV

$XJXVW &UHDWH 3URGXFWV )DVW ZLWK 'DYLG 3ULFH

,I \RX¶UH D VSHDNHU RU WUDLQHU XVLQJ 3RZHU3RLQW RU .H\QRWH \RX SUREDEO\ DOUHDG\ XVH LW PRUH HIIHFWLYHO\ WKDQ PRVW SHRSOH %XW DUH \RX OHYHUDJLQJ WKLV VNLOO LQWR RQ OLQH SUHVHQWDWLRQV DV ZHOO" ,Q WKLV ZHELQDU , VKRZ \RX KRZ WR XVH 3RZHU3RLQW RU .H\QRWH WR FUHDWH SRZHUIXO RQ OLQH SUHVHQWDWLRQV ZKLFK \RX FDQ HLWKHU XVH IRU PDUNHWLQJ SXUSRVHV RU DV SDUW RI \RXU RQ OLQH OHDUQLQJ SURJUDPV

'DYLG 3ULFH LV DQ DEVROXWH PDVWHU DW FUHDWLQJ SURGXFWV TXLFNO\ XVLQJ WKH SRZHU RI RXWVRXUFLQJ -RLQ KLP LQ WKLV PDVWHUPLQG VHVVLRQ DV KH WDNHV XV RQ D ZKLUOZLQG WRXU RI KRZ WR JHW \RXU LQWHOOHFWXDO SURSHUW\ RXW RI \RXU KHDG DQG LQWR WDQJLEOH SURGXFWV TXLFNHU HDVLHU DQG PRUH HIIHFWLYHO\ WKDQ \RX WKRXJKW SRVVLEOH

2FWREHU %H 0RUH 3URGXFWLYH 6HSWHPEHU 6WUDWHJLHV )RU 3URIHVVLRQDO 6SHDNHUV 7R %ORZ /HVV 'RXJK $QG *HW :HDOWK\ ZLWK 0DWW +HUQ


www.first-step-community.info

-DQXDU\

7KHUH¶V DOUHDG\ PRUH LQIRUPDWLRQ DERXW \RXU EXVLQHVV DQG H[SHUWLVH WKDQ \RX FDQ KDQGOH LQ D OLIHWLPH DQG LW¶V JURZLQJ HYHQ IDVWHU WKDQ EHIRUH +RZ GR \RX NHHS RQ WRS RI HYHU\WKLQJ \RX QHHG WR NQRZ" ,Q WKLV ZHELQDU ,¶OO WHDFK \RX IRXU VLPSOH EXW HIIHFWLYH VWUDWHJLHV WR PDQDJH WKH LQIRUPDWLRQ RYHUORDG VR \RX FDQ EH SURGXFWLYH EH HIIHFWLYH DQG FRQWLQXH WR EH YDOXDEOH WR \RXU FOLHQWV

,W¶V WLPH WR GR \RXU VWUDWHJLF SODQQLQJ IRU ,Q WKLV ZHELQDU ,¶OO KHOS \RX GHVLJQ \RXU RQ OLQH VWUDWHJ\ IRU DQG PDNH VXUH LW LQWHJUDWHV ZLWK \RXU RYHUDOO EXVLQHVV VWUDWHJ\ 7KLV LV QRW MXVW D WKHRU\ VHVVLRQ ,¶OO JLYH \RX SUDFWLFDO WKLQJV \RX FDQ WDNH DZD\ DQG LPSOHPHQW HDVLO\ LQ

1RYHPEHU 2QOLQH 9LVXDOV :LWKRXW 9LGHR

*,+$1 3(5(5$

:ULWH D %RRN LQ 8VLQJ <RXU %ORJ '(& 3 0

2Q OLQH YLGHR LV KRW ULJKW QRZ EXW LW¶V QRW HDV\ WR FUHDWH D 352)(66,21$/ RQ OLQH YLGHR %XW ZK\ DUH ZH WKLQNLQJ WKDW YLGHR LV WKH RQO\ ZD\ WR SUHVHQW LQIRUPDWLRQ YLVXDOO\ RQ WKH ,QWHUQHW" 7KHUH DUH RWKHU ZD\V DV ZHOO VRPH MXVW DV LPSUHVVLYH DQG VRPHWLPHV HYHQ PRUH LPSUHVVLYH WKDQ YLGHR )RU H[DPSOH \RX FRXOG VKRZ 3RZHU3RLQW SUHVHQWDWLRQV H ERRNV D SKRWR VOLGH VKRZ VFUHHQ FDSWXUH YLGHR PLQG PDSV WLPH OLQHV DQG JUDSKV RU FKDUWV 'HFHPEHU ([SHFW 0RUH )URP <RXU 2QOLQH 6WUDWHJ\

:KHQ , ZURWH P\ ILUVW ERRN 6HFUHWV RI ,QWHUQHW %XVLQHVV 6XFFHVV DW ULJKW EXW QRZ RXW RI SULQW , ZURWH LW DV D VHULHV RI QHZVOHWWHU DUWLFOHV , KDG WKH 7DEOH RI &RQWHQWV PDSSHG RXW DQG HDFK ZHHN , ZURWH DQ DUWLFOH WKDW VORWWHG LQ WR WKH ERRN VRPHZKHUH $IWHU D IHZ PRQWKV YRLOD , KDG RI WKH FRQWHQW ZULWWHQ , VDZ 0LNH 6DQVRQH¶V EORJ SRVW WRGD\ WKDW¶V D YDULDWLRQ RQ WKLV WKHPH 1RZ WKDW EORJJLQJ LV VR SRSXODU DQG HDV\ KH VXJJHVWV \RX ZULWH D ERRN RQH EORJ SRVW DW D WLPH ,W¶V DQ H[FHOOHQW LGHD 7R PH WKH ELJJHVW EHQHILW LV WKDW \RX¶UH ZULWLQJ DERXW \RXU H[SHUWLVH IUHTXHQWO\ UDWKHU WKDQ ZDLWLQJ XQWLO LW¶V DOO UHDG\ WR EH FRPSLOHG LQWR D ERRN +HFN HYHQ LI \RX QHYHU


www.first-step-community.info

-DQXDU\

SXEOLVK WKH ERRN LWVHOI LW PDNHV WKH EORJ LWVHOI H[WUHPHO\ YDOXDEOH

*,+$1 3(5(5$

3(7(5 :(%%¶6 ³:,6'20 &,5&/(´

3HUVRQDO 3URGXFWLYLW\ DQG 7LPH 0DQDJHPHQW

%OLQG VLGHG

'(& 3 0

'(& $ 0

+RZ GR \RX PDQDJH \RXU SHUVRQDO SURGXFWLYLW\ DQG LPSURYH WLPH PDQDJHPHQW ZKHQ XVLQJ H PDLO )DFHERRN 7ZLWWHU *RRJOH DQG RWKHU WKLQJV RQ WKH ,QWHUQHW" :H JLYH \RX WLSV LQ PLQXWHV

2Q :HGQHVGD\ 'HFHPEHU WK , QRWLFHG D ³EORE´ LQ WKH SHULSKHUDO YLVLRQ RI P\ ULJKW H\H , FKHFNHG LQ WR P\ 2SWRPHWULVW ILUVW WKLQJ QH[W PRUQLQJ 'HFHPEHU WK DQG ZLWKLQ KRXUV , ZDV EHLQJ RSHUDWHG RQ IRU D GHWDFKHG UHWLQD :KDW IROORZHG ZDV GD\V LQ VXSSRUW HTXLSPHQW WR NHHS P\ KHDG GRZQ IRU RXW RI HYHU\ KRXUV $QG ZLWK D JDV EXEEOH LQ P\ H\H , ZDV DOVR XQDEOH WR IO\ WR WKH *ROG &RDVW IRU D IDPLO\ &KULVWPDV ³UHXQLRQ´ %R[LQJ 'D\ OXQFK ILUVW LQ \HDUV 7KH VXUJHU\ ZDV VXFFHVVIXO ZLWK UHFRYHU\ RI VLJKW %XW ZKDW ZDV , QRW VHHLQJ" &RPLQJ RXW RI D ORQJ DQG GLIILFXOW \HDU KRZ KDV P\ ³YLVLRQ´ EHHQ DIIHFWHG"

0$77 &+85&+

7UDQVLWLRQ /DJ '(& $ 0 $ IULHQG RI PLQH UHFHQWO\ FRPPHQWHG WKDW LW WRRN PH TXLWH D ELW RI WLPH WR WUDQVLWLRQ IURP RQH VWDWH WR DQRWKHU +H ZDV VXJJHVWLQJ WKDW ZKHQ , ZDV LQ SXEOLF HYHQW PRGH DQG SHUVRQDO IULHQG PRGH WKHUH ZDV D ODJ RU WLPH SHULRG ZKHUHLQ , GLG QRW VZLWFK ZHOO IURP RQH UROH WR DQRWKHU ,W JRW PH WKLQNLQJ DERXW WKH LGHD RI UROHV DQG WUDQVLWLRQV 0D\EH WKHUH LV QR ODJ DV , DP VLPSO\ EHLQJ PH LQ HDFK SKDVH


Regular Contributors Gihan Perera

www.gihanperera.info

Hugh Gyton

justaconversation-hugh.blogspot.com

Ian Berry

www.ianberry.au.com/ianberrysblog.html

Matt Church

www.thoughtleadersblog.com www.mattchurchblog.com

Glenn Capelli

glenncapelli.blogspot.com

Glenn Cardwell

glenn-glenncardwell.blogspot.com

Sharonne Phillips

sharonne-phillips.blogspot.com

Anne Riches

anneriches.blogspot.com

Matt Hern

financialfuturist.com

David Beard

lifelongfitness.net/blog

David Thomas

thinkglobalblog.blogspot.com

Ross Clennett

rossclennett.blogspot.com

Jenn Shallvey

feeds.feedburner.com/LetsGoThere

Peter Webb

www.peterwebb.com.au

Sue-maree McEnearney

hspotting.blogspot.com

Helen Macdonald

helenmacblog.blogspot.com

Steve Francis

www.stevefrancis.net.au

Ann Rolfe

mentoring-works.blogspot.com

Michael Harrison

www.michaelharrison.com.au

Gary Ryan

garyryansblog.blogspot.com

Vanessa Hall

thetruthabouttrust.blogspot.com

David Penglase

salessuccessforum.com.au

Neil Mattingley

neilmattingley.com


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.