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Welcome to the belivernomics blog

 

I will try my best to update this webpage with  thought provoking and interesting content, as often as I can.  Please feel free to leave comments as  there is much that can be learnt from the sharing of ideas.

By pa360, Dec 26 2015 02:40PM

Like it or not, what we believe is key to what we achieve. Look at it this way, to be successful you must first believe that you can achieve success in the first place. People who believe that they can be successful, organise themselves towards their chosen objective and pursue it until they achieve success. Meanwhile, those who doubt, choose not to organise their effort towards an objective and therefore succeed in achieving nothing. Isn't it sobering to think that doubt is indeed its own belief system, albeit one that traps people in mediocrity and limits their access to opportunity?


So how do you re-model and recharge your belief system? Well here are my six steps to turn belief into opportunity.


1. aim for something that you don’t have – if you have nothing to aim for you have nothing to believe for and if you have nothing to believe for you have nothing to reach for. Whether you have a big vision or a smaller personal target, having something to aim for means that your belief can provide a bridge to get you from where you are to where-ever you want to be.


2. start with reasons why you should, not the reasons why you shouldn’t – if you are going to change your belief system your pre-disposition must be geared towards the reasons why you ‘should’ do things as opposed to the reasons why you ‘should not’. A can do attitude opens up your thought pathways to fresh ideas, new possibilities and innovative solutions that take you closer to your success. By contrast, a can’t do attitude crowds out solutions and makes it easier for you to do nothing.


3. be comfortable with being outside your comfort-zone – everyone knows their comfort zone. It is a place where we feel least threat, least risk and are most assured. However, it is also the place where we are least likely to be tested and least likely to experience dynamic growth and progression. As a rule of thumb, anything that doesn’t require investment will invariably deliver a nil return.


4. beware the path of least resistance – someone once said that ‘you should never second guess your first instinct’, well I beg to differ. Remember, when we face challenges or crises our first instinct is often to travel the path of least resistance. Unfortunately, the path of least resistance often delays and defers until tomorrow what we ought to do today. Things that are easy may be attractive, but ultimately they offer little reward. By contrast, real recognition and a true sense of accomplishment is to be found, when we do the awkward and difficult thing.


5. be inspired by yourself and others – there is nothing more inspiring than the experience of getting something done or seeing others do it. When you have experience of succeeding it inspires you to go again and to reach further and higher than before. Likewise, the achievements of others can blaze a trail and open up opportunities that you might not have thought possible. Yes it is possible that you may believe and still fail, but for sure if you do nothing you will achieve nothing.


6. do not make or accept excuses – few things are more self destructive than the excuse. Those who make excuses only serve to disempower themselves and justify their mediocrity. People who get in the habit of making excuses quickly become complacent and those that believe their excuses end up in a state of denial. By all means assess evidence, appraise options and reflect soberly, but never make excuses.


Belief is an incredibly powerful tool that, once harnessed, can have a transformational impact on our lives and on the lives of those around us. However, in order for this to happen, we need to make sure that our belief system is working for us and not against us.


By pa360, Aug 16 2015 11:56AM

In the market-place of opportunity, you need to stand out to compete and you need to compete effectively to succeed. For start-ups, the key to sustainable success is the ability to turn all things to do with ‘size’ to your advantage. By doing so you effectively re-define the market-place in a way that makes ‘scale’ work in your favour irrespective of what larger competitors are doing. So how do you do that? Well here are eight top tips for successful start-ups.


1. just because you can’t compare doesn’t mean you can’t compete – successful competition is not necessarily about doing the same things better than others, it is about disrupting the market-place with a unique and distinctive offering. Study your market, don’t just look at what others are doing, look at what they are not doing. These gaps could provide the next big growth opportunity.


2. better to get your strategy right than to get it written – a clear and coherent strategy is the price of admission for success. If you do not know where you are trying to get to, you will not know how to get there or know when you arrive. A strategy that is written to please your bank manager is neither use nor ornament. Invest the time needed to get it right and then use the strategy as a road map to get from where you are to where you need to be.


3. being small and agile has distinct advantages – one of the greatest advantages of small enterprises is their ability to respond quickly to changing demands and the emergence of new opportunities. Use this distinctive trait to best effect by networking with like-minded others to build economies of scale when you need to grow and to spread risk when you need to diversify. The ability to assemble and disassemble as necessary will enhance your operational effectiveness and your strategic capabilities.


4. customers don’t want to know who did it first, they want to know who does it best – if you are going to build on the successes of others don’t imitate - innovate. In 1984 the first commercially available handheld mobile phone was unveiled by Motorola. Today, Motorola controls less than 6 per cent of the global smart-phone market, well below that of its two main competitors. Modern consumers are not interested in history or tradition; they are interested in personalisation, convenience and choice.


5. value is better than volume – establish a reputation for designing products and delivering services that people value. The time taken to ensure that you do not just get the right product, but that you get your product right is an investment in success. Products built on value breed confidence and confidence builds trust. When customers trust you they will follow you and they will bring others. Remember, it is better to do a few things well than to do many things badly


6. slow growth is better than no growth – incremental growth and consolidation is much better than rapid and unsustainable expansion. By all means have high ambitions, but these must be underpinned by realistic targets. As part of your growth journey you need to know what success looks like in the short, medium and longer term.


7. in the market place for ideas, speed of thought levels the playing field – good ideas are not the preserve of blue chip multi-nationals or those with the biggest market share. A good idea can come from anywhere, anyone and at anytime. Keep your mind fertile, be open to new opportunities and constantly assess & reassess consumer and market behaviour.


8. be fluent in the language of data – the data mine as the new ‘Klondike’ of product innovation and business growth. With a better understanding of data you can close the gap in performance between yourself and your competitors, better manage risk and expand into new markets. The importance of understanding data is crucial to sustainable success.


In summary, the most valuable asset available to a start-up is the ability to dominate economies where size gives you an advantage or where size makes no difference. Tactically, this will enable your start-up to compete and win on its own terms.


By pa360, Feb 28 2015 08:03AM

We have all heard the word 'transformation'. To transform something is to make it unrecognisable compared to whatever it was before. Think of a business, on the brink of going bust at the beginning of the financial year, recovering to become the market leader by the end of the financial year. That's transformation! For some people the key to their personal transformation relies on a similar seismic change in their circumstances . But whilst transformation implies something dramatic and life changing, the key to transformation does not always have to be so dramatic.


Let me explain. I am sure, like me, you have walked into a dark room to look for something and instead of fumbling around in the darkness, your immediate impulse has been to switch on the light. That very act of turning on the light will have a transformational effect on your surroundings. Suddenly you will be able to see clearly and your spatial awareness will be immeasurably increased. As a consequence, you will be more confident and better able to find whatever you are looking for and avoid tripping over things. Strange isn't it that an effect so transformational, as illuminating a dark room, can be brought about by an act so simple as switching on a light.


Thinking about it, the act of belief can have exactly the same transformational effect on someone's life. Much like flicking a switch, belief is an act of faith that illuminates our mind and enables us to see possibilities and opportunities that may have been hidden from us beforehand. Belief asks the question, without which the answer will always be no. I often remind myself of the great deeds of celebrated achievers in sports, business, technology, politics and science and without exception it would have been impossible for them to achieve their goals without first believing that such things were even possible.


Depending on your circumstances, making transformation happen may indeed require a significant change to your behaviours, habits and routines. These changes may be necessary to overcome significant obstacles that impede your ability to access opportunity. However, its is important to re-emphasise that the process of transformation doesn't just end with change, it starts with change as well. At the beginning, a change in perception, creates a change in attitude, a change in attitude informs changed behaviours and changed behaviours can deliver a change in outcomes.


But it all starts by switching on the light of belief. Once the light is on, we are better able to see the range of opportunities that are available to us.


By pa360, Feb 23 2015 05:44AM

Isn't it amazing how differently we behave when we are doing something that we enjoy? Our energy levels are much higher, our enthusiasm is greater and we are often prepared to go over and above what is required. Whenever people demonstrate that sort of behaviour (without direction, instruction or offer of reward) it is commonly known as goodwill. A simple one word definition of goodwill is 'willingness' or 'free-will'. Willingness and free-will are what we do of our own accord, not because we need to but because we want to.


People who extend goodwill are not looking for a reward, rather their motivation is one of selflessness, a sense of duty or a desire to help others. A good example of this sort of activity is volunteering, where people give of their time to help others. Another example is the professionalism shown by the person who chooses to stay behind after work, without compensation, to complete a task or meet a deadline. Although goodwill does not anticipate a reward, that does not mean that it goes unnoticed. Acts of goodwill are often recognised and celebrated because they are a testament to the good character and endearing traits that we so admire in others.


A willingness to do what needs to be done rather than to wait to be told what to do, can say a lot about an individual. For one thing it is an important measure of 'attitude', because someone who can be relied upon to act on their own initiative demonstrates conscientiousness, awareness and a capacity for self motivation. These characteristics help to establish a person's credibility; but it doesn't end there because with credibility comes confidence, with confidence comes trust and with trust comes influence. Once established, influence is evidence of a strong brand and a strong brand gives you greater spending power in the market-place of opportunity. Goodwill is therefore a dynamic economy all of its own, with the capacity to create meaningful opportunities for those who practice it.


That said, you cannot teach goodwill nor compel others to extend it. There are no five easy steps or tips follow. On the contrary, the capacity to demonstrate goodwill is a uniquely personal thing. One is either persuaded of the value of it or they are not. That value will be determined by a wide range of factors such as the unique merits of each case, the balance of competing priorities and the availability of time.


But if you are persuaded, it is actually really easy to build a goodwill economy. All it requires is for you to be willing.


By pa360, Feb 5 2015 05:31PM

An economy is a fascinating construct. These engines of growth, opportunity and wealth creation are comprised of numerous interdependent and interconnected moving parts. All these parts must operate in unison, in order for the economy to deliver at peak output. One factor that is crucial to stimulating and sustaining economic performance is optimism. At a fundamental level, optimism is a combination of positivity, hopefulness and expectation. But even more than that, a state of optimism provides a dynamic thought-space for decision-making and action.


When there is optimism, consumers are more confident. Confident consumers spend money and with money being spent, employers can recruit more staff. With more staff in employment, more tax is generated for the exchequer and with more tax being generated, governments can borrow less. If governments borrow less, then deficits can be reduced or eliminated and surpluses can be generated. Yes, optimism is a virtuous cycle, with the momentum to stir an entire economy into action and deliver growth and prosperity along the way.


As it is for the macro-economy, so it is for our own personal economy. Optimism, and the confidence that flows from it, are a stimulus for action. Things happen when people are optimistic. They are forward leaning and do things that they might otherwise not have considered. They anticipate change, are open to new ideas, take risks and seize opportunities. That's not all, our optimism can also inspire, embolden and galvanise those around us. This capacity to influence the thought patterns, attitudes and behaviour of others, empowers us to build a critical mass for transformational change.


In stark contrast to optimism, pessimism is inert, unconfident and risk averse. It suffocates possibility and chokes off opportunity. For the avoidance of doubt, optimism is to economic growth what pessimism is to economic decline.


It is also worth noting that optimism, like excellence and mediocrity, is a personal choice. To be optimistic is to make a conscious decision to focus on what we can do rather than what we cannot do. It is to identify with aspiration over anxiety and to draw inspiration from the rubble of our failures. An optimist is not a fantasist nor a pragmatist. Rather, he or she is realist, a shaper and an influencer - able to see the opportunity in every difficulty.


The mere fact that people can survive and overcome the most adverse of conditions, suggests that circumstances do not dictate optimism - people do.

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