If you’re an entrepreneur and want to double your income, keep reading, because I’m going to share the formula for doing so in this post.
But first, let me ask you a question. Do you like change? If you’re like a lot of entrepreneurs, you may have fallen into the rut of doing things the same way. This is understandable because changes is one of the most painful words – but it’s also one of the most rewarding.
In this post I’m going to share with you why embracing change is the best way for entrepreneurs to double their income.
Money-Making Lessons from Kids
Think back for a moment to when you were 10 years old. At that time, how much money was a lot of money? Maybe $20.
How about at the age for 14? Maybe $300 was a lot of money then.
At the age of 18, when you graduated from high school and got a job, $1000 may have seemed like a lot.
By the age of 25, you may have felt that making $4,000 a month was a lot of money.
Now fast forward to the “mature adult” stage:
$5,000 a month salary may have seemed like a lot at the age of 35, and $10,000 a month at the age of 50.
Now here’s something for you to ponder. If you look at the biggest difference in income with the scenarios listed above, they happen between the ages of 10 and 25, and the slowest growth in income happens between the ages of 35 and 50.
Why is that? I believe the reason is that in the younger years (between the ages of 10 and 25), we re-create or change ourselves the most. We make a lot of changes in our younger years.
In contrast, from the age of 35 onward, in a lot of respects, we stay about the same. We settle into life and tend to go through the motions on autopilot, rather than shaking things up and trying new things.
So if someone says, “Patrick, I want to take my income from $4,000 to $20,000 a month,” I tell them that will require heavy-duty re-creating on their part to make that dream a reality. This is even more true if someone is at $20,000 a month of income and wants to increase to six figures per month.
If you want your income to grow exponentially as an entrepreneur, you have to use the same formula you did when you were in your younger years and that is to constantly add value to yourself. This works because when you re-create yourself, you end up getting new results. If you stay the same, you get old results.
My message to you is, don’t be the same old you. Recreate yourself to a new you and you’ll start seeing new results in your life and business that you never experienced before.
I wrote a book called “25 Laws For Doing The Impossible” where the first 10 laws are about how to go about recreating yourself.
If you’re looking for a simple formula to recreating yourself, this may be the book for you. Click here to purchase a copy.
Amazon sells out of this book pretty fast so you may want to order a copy before they sell out.