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    Tali Sharot: The Neuroscience of Positivity, How Our Brains Create Our Future | E236

    enJuly 31, 2023

    Podcast Summary

    • The Power of Positive FramingUnderstanding how our brains process information and our innate optimistic bias can help us communicate effectively and create meaningful change.

      The way we present information greatly influences how it's received and whether it leads to change. Professor Tali Sherritt, a neuroscientist and the director of the Effective Brain Lab, emphasized the importance of framing information positively rather than negatively. She explained that throughout history, humans have learned primarily through anecdotal examples and stories, which are more emotionally engaging and impactful. During her PhD studies, she discovered that people naturally switch negative imagined events into positive ones. This discovery led her to explore the role of optimism in our brains and its impact on influence. By understanding how our brains process information and our innate optimistic bias, we can learn to communicate more effectively and create meaningful change.

    • The impact of optimism bias and emotions on our perception of the future and memories of the pastOur memories of past events and our perceptions of the future can be influenced by optimism bias and emotions, leading to inaccurate but believable interpretations. Emotional memories, like those of traumatic events, are not as accurate as we believe and evolve each time we recall them.

      Our perception of the future and our memories of past events can be influenced by optimism bias and emotions, leading to inaccurate but believable interpretations. During a study on imagination and brain activity, the researcher found that participants often imagined positive outcomes for mundane events, making it difficult to study negative brain responses. This phenomenon is linked to the optimism bias, a tendency to imagine a rosy future and overestimate the likelihood of positive events. Furthermore, memories of traumatic events like the 9/11 attacks are not as accurate as we believe. Emotional memories, such as weddings or breakups, feel vivid and authentic, but they are subject to change every time we recall them. This evolution of memories is not surprising, but it is intriguing when it comes to emotionally charged events, as we often believe they are more accurate than everyday memories. Understanding the role of optimism bias and emotions in shaping our perception of the future and our memories of the past can provide valuable insights into human behavior and cognition. Additionally, exploring the evolutionary origins of memory formation can offer further insights into how our brains process and store information.

    • The Role of Memories in Imagining the FutureMemories shape our perception of the future by influencing our optimism bias, motivation, mental health, and exploration. Understanding this connection can provide insights into human behavior and decision-making.

      Memories serve a purpose beyond just remembering the past. They help us imagine and plan for the future by piecing together old experiences. Memory and imagination share the same neural pathways, and the more arousing an experience, positive or negative, the more likely we are to remember it. This optimism bias, our tendency to imagine a better future, has evolutionary advantages. It enhances motivation and mental health, leading to better physical health and exploration. However, it also comes with downsides. Understanding the role of memory in shaping our perception of the future can provide valuable insights into human behavior and decision-making.

    • Our brains have an optimism biasUnderstanding optimism bias can help make informed decisions and mitigate potential negative outcomes in the financial domain

      Our brains have an inherent optimism bias, which helps us move forward in relatively safe environments. However, this bias can be reduced when we're in dangerous situations, allowing us to make more realistic assessments of risk. This optimism bias, while not always accurate, has likely contributed to our evolution as a species. In the financial domain, this bias can lead to taking unnecessary risks, but it can also drive innovation and progress. It's important to be aware of this bias and consider the context in which we're making decisions. For instance, investing in the stock market requires a certain level of optimism, but being overly optimistic can lead to financial losses. Understanding our optimism bias and how it influences our decision-making can help us make more informed choices and mitigate potential negative outcomes.

    • Easy Business Solutions with ShopifyShopify offers an accessible platform for entrepreneurs, regardless of industry or coding skills, with AI tools and top-notch support to simplify selling and focus on business growth. Most people, including older adults and children, have an optimism bias towards their personal experiences and prospects.

      Shopify provides an easy-to-use platform for entrepreneurs to start and grow their businesses, from various industries like beauty and shoe brands, even for those with no coding skills. Shopify's AI tools and award-winning support make it easier to sell and focus on the important aspects of running a business. Additionally, the optimism bias, which is higher in children and older adults, reaches a peak in late life due to reduced stressors. Contrary to popular belief, most people, around 80%, have an optimism bias towards their own experiences and prospects, while only about 10% are pessimistic. It's crucial to understand that this optimism bias applies to personal experiences rather than the world at large.

    • Private optimism, public despairPeople hold optimistic views of their lives but pessimistic views of global issues. This can lead to benefits like motivation and success, but also risks like underestimating dangers. Recognizing optimism bias and adjusting policies can help mitigate risks.

      People tend to have an optimistic view of their own lives while holding pessimistic views about global issues. This phenomenon, known as "private optimism, public despair," can have both benefits and drawbacks. On the positive side, optimism can enhance motivation, improve mental health, and drive success in various fields. However, it can also lead to underestimating risks and not taking sufficient precautions, potentially putting individuals in danger. To mitigate this, recognizing the existence of an optimism bias is crucial, and implementing policies or practices to account for it can help ensure better outcomes. For instance, the British government's Green Book adjusts budgets for optimism bias in project appraisals. Overall, while maintaining a positive outlook on one's personal life is essential, it's crucial to acknowledge potential risks and take appropriate actions to mitigate them.

    • Combating Biases for Accurate Estimation and LearningRecognizing and addressing optimism and pessimism biases through maintaining records, identifying errors, adjusting confidence, and practicing optimistic interpretation can improve estimation and learning.

      Recognizing and addressing biases, whether they lean towards optimism or pessimism, is crucial for accurate estimation and learning. To combat optimism bias, we can maintain records of past predictions and evaluations, identify the sources of errors, and adjust our confidence levels. For those struggling with pessimism, techniques like optimistic interpretation of events and avoiding the belief that negative events have far-reaching consequences can be helpful. Martin Seligman's research on training pessimistic individuals to think optimistically showed positive results in terms of mental and physical health. The way we learn is influenced by the type of information we receive, and our reactions to better-than-expected and worse-than-expected information can significantly impact our estimations.

    • The power of positive framing and optimism biasOur brains process positive info more precisely, leading to optimistic biases. Present positive opportunities for progress to encourage learning and change, and focus on positive actions to motivate people.

      Our brains process positive information more precisely and effectively than negative information, leading to optimistic biases in our predictions and beliefs. This phenomenon, known as the "optimism bias," can be influenced by how we frame and present information to others. To encourage learning and change, it's essential to consider how we present positive opportunities for progress rather than negative consequences. Additionally, our brains are wired to associate action with rewards and inaction with avoiding punishments. Therefore, to motivate people, it's more effective to focus on the positive actions they need to take to achieve their goals rather than the negative consequences of not taking action.

    • Using rewards and punishments to influence behaviorRewards motivate actions, punishments deter unwanted behaviors. Social info and progress monitoring can also influence behavior.

      The effectiveness of feedback or messaging depends on whether we want people to do something or not. Rewards can motivate actions, while punishments can deter unwanted behaviors. For instance, if we want our kids to tidy up their room, we can use rewards like finding their favorite toy at the bottom of the pile. On the other hand, if we want them not to eat cookies before dinner, we can use punishments. Our brains associate rewards with actions and punishments with not-actions. However, it's important to remember that these are broad principles, and individual responses may vary. When it comes to marketing messages, social information and progress monitoring can be effective ways to influence behavior. Social information refers to highlighting the good behaviors of others, which can motivate people to join in. Progress monitoring, like health apps, can be rewarding and motivate people to continue their actions. For example, a marketer trying to encourage seat belt use could emphasize that 90% of individuals wear seat belts, and even more so, 90% of individuals in their neighborhood wear seat belts. This social information can motivate people to join in and be part of the majority. Similarly, a health app that tracks steps taken can be rewarding as people see their progress and are motivated to continue their daily steps.

    • The power of immediate feedback and emotions in shaping behaviorImmediate feedback and emotions, particularly hope and fear, can significantly influence behavior. Social media uses this principle effectively. While fear can motivate, it's crucial to consider the potential negative effects on mental health.

      Immediate positive feedback and rewards are effective in influencing behavior due to the strong connection in time between the action and the feedback. Social media is an excellent example of this principle in action. Emotions, particularly hope and fear, also play a significant role in shaping our actions. While fear can cause inaction, highlighting the potential positive outcomes can motivate people to act. However, it's essential to consider the potential negative effects of fear on mental health before using it as a motivator. Furthermore, our brains are not wired to be persuaded by facts and data alone. Instead, stories and emotional connections are more impactful and memorable ways to influence behavior. Evolutionarily, we learned by observing the experiences of those around us, and this instinct remains a powerful tool in shaping our beliefs and actions.

    • Understanding Biases in Information ConsumptionBe aware of biases like confirmation and desirability bias when consuming information. Strive for a balanced and informed understanding of the world.

      While data and numbers are important, they should not be the sole focus when sharing information with others. Instead, humans have a natural inclination towards storytelling and remembering information that is presented in a relatable and emotional way. In the age of infinite information, it's crucial to be aware of biases, such as confirmation bias and desirability bias, that influence how we select and consume information. These biases can lead us to seek out and believe information that confirms our existing beliefs or makes us feel good, while avoiding negative information. Fake news and misinformation are effective because they often appeal to these biases and use emotional language and relatable stories to spread quickly. Therefore, it's essential to be mindful of these biases and strive for a balanced and informed understanding of the world around us.

    • Understanding cognitive biases essential for self-protectionIncrease knowledge about biases, recognize their impact, and implement policies/habits to correct negative outcomes. Acknowledge biases within yourself to advise others effectively.

      Understanding our cognitive biases is essential for protecting ourselves from their negative impacts. Despite being aware of these biases, there's a lack of incentives and oversight, leading people to continue spreading harmful content. To mitigate this, we can start by increasing our knowledge about how our minds work and how these biases affect us. By recognizing how biases impact our personal and professional lives, we can implement policies or habits to correct for potential negative outcomes. For instance, we can use immediate rewards or punishments to encourage desired behaviors. Additionally, it's challenging to recognize biases within ourselves, but acknowledging their existence allows us to advise others more effectively. My upcoming book, "Look Again," co-written with Cass Sunstein, explores the phenomenon of getting used to constant things and offers strategies to help us notice and appreciate them again, whether positive or negative.

    • Noticing and addressing negatives for growthRegularly acknowledge negatives, write down goals, and embrace diversity for personal and professional growth

      Our brains are naturally wired to be optimistic, which can help us survive and thrive. However, this optimism bias can also make us overlook negative aspects of our environment, preventing us from making positive changes. To combat this, it's important to regularly notice and address the negative aspects of our world, whether it be social media negativity or environmental pollution. One actionable step towards becoming more profitable tomorrow is to write down your goals and the steps to achieve them, which can enhance optimism and motivation. Additionally, incorporating diversity and change into your life can lead to innovative ideas and a more fulfilling life. Overall, being aware of our optimistic biases and actively working to notice and address negative aspects can lead to personal and professional growth.

    • The Power of Personal Optimism and StorytellingUnderstanding optimism bias and using storytelling to tap into emotions can help influencers communicate effectively and make greater impact

      Our personal optimism can influence our perception of the world around us. This phenomenon, known as the optimism bias, can lead us to have private optimism but public despair. We tend to view our own lives and prospects positively, while remaining skeptical about the world. Emotions, rather than facts, are more effective in shaping our beliefs and actions. As influencers, understanding this can help us frame our communications more effectively and tap into others' emotions for greater impact. Storytelling is an essential tool in this regard, as humans are naturally drawn to stories. So, remember, if you want to influence others, learn to tell compelling stories that resonate with their emotions. And don't forget to share this episode with your network if you found it valuable!

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    Dean Graziosi watched his hardworking parents struggle financially. Driven to break the cycle and create a secure, prosperous future, he turned to entrepreneurship. He started a firewood business in high school, fixed wrecked cars, and ran a tow truck company, among other ventures. By 25, he had amassed millions of dollars in real estate. By 30, he had retired his parents. In this episode, Dean shares his journey, the power of the underdog mindset, and strategies for turning adversity into success. Dean Graziosi is a renowned entrepreneur, real estate investor, and bestselling author known for his expertise in personal development. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform. In this episode, Hala and Dean will discuss: - Dean's journey from humble roots to millionaire by his mid-20s - Using financial struggles as a drive to succeed - Resourcefulness over having resources - What is the Underdog Advantage? - How to adopt an underdog mindset  - Desperation as a powerful tool for persuasion - Maintaining enthusiasm and authenticity in sales - The biggest misconception in business - Why you need confidence to make sales - Overcoming the fear of failure and impostor syndrome - And other topics… Dean Graziosi is a multiple New York Times bestselling author, entrepreneur, and educator. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform. His books include Millionaire Success Habits and The Underdog Advantage. Dean’s philanthropic contributions include donating over 8,000,000 meals to Feeding America to help feed families in need, building multiple schools in Africa with the help of Village Impact, and donating $500,000 to help liberate children from human trafficking and sexual exploitation through Operation Underground Railroad. Connect with Dean: Dean’s Website: https://www.deangraziosi.com/  Dean’s LinkedIn: https://www.linkedin.com/in/deangraziosiinc/  Dean’s Twitter: https://twitter.com/deangraziosi  Dean’s Instagram: https://www.instagram.com/deangraziosi/  Dean’s Facebook: https://www.facebook.com/deangraziosi Dean’s Podcast, Own Your Future: https://podcasts.apple.com/us/podcast/own-your-future-with-dean-graziosi/id1085301578  Resources Mentioned:  YAP Episode #294 with Dean: https://youngandprofiting.com/dean-graziosi-its-never-been-easier-to-turn-your-passion-into-entrepreneurial-success-e294/  Dean’s Books:  The Underdog Advantage: Rewrite Your Future by Turning Your Disadvantages into Your Superpowers: https://www.amazon.com/Underdog-Advantage-Rewrite-Disadvantages-Superpowers/dp/0578568462  Millionaire Success Habits: The Gateway to Wealth & Prosperity: https://www.amazon.com/Millionaire-Success-Habits-Gateway-Prosperity/dp/1401975763  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify  Indeed - Get a $75 job credit at indeed.com/profiting  Facet - For a limited time Facet will waive $250 enrollment fee for new annual members! Visit facet.com/profiting for details. Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP  Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING    More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    Dean Graziosi: It’s Never Been Easier to Turn Your Passion into Entrepreneurial Success | E294

    Dean Graziosi: It’s Never Been Easier to Turn Your Passion into Entrepreneurial Success | E294
    Nearly 30 years ago, Dean Graziosi had to build physical products, ship DVDs, and spend over $200k just to sell a $37 course. Today, he could sell the same course for a fraction of the money and time using the power of AI. In this episode, Dean shares insights on the evolving entrepreneurial landscape, leveraging new technologies, and monetizing personal knowledge.    Dean Graziosi is a renowned entrepreneur, real estate investor, and bestselling author known for his expertise in personal development. He has started or played a major role in over 14 successful companies, including the Mastermind.com platform.   In this episode, Hala and Dean will discuss: - Why the American Dream needs a generational reboot - How to stay resourceful as an entrepreneur - Why work-life integration trumps work-life balance - The best and worst businesses to start right now - His formula for freeing up time to build your dream business - Transforming life experiences into business opportunities - How to gain a competitive edge using AI - Maximizing business potential with niche markets - The importance of confidence and persistence - Practical tips for automating and delegating tasks - The significance of having a big purpose in business - How to model proven practices for faster success - And other topics… Dean Graziosi is a renowned entrepreneur, real estate investor, bestselling author, and motivational speaker. With over 25 years of experience, he’s on a mission to provide self-education for those seeking transformation and fulfillment outside the traditional education path. He co-hosts numerous training events with Tony Robbins, including the highly anticipated virtual live event, The Game Has Changed. He has played a pivotal role in the success of over 14 companies, including the Mastermind.com platform. Dean is also a dedicated philanthropist, supporting various charitable causes worldwide. Connect With Dean: Dean’s Website: https://www.deangraziosi.com/  Dean’s LinkedIn: https://www.linkedin.com/in/deangraziosiinc/  Dean’s Twitter: https://twitter.com/deangraziosi  Dean’s Instagram: https://www.instagram.com/deangraziosi/  Dean’s Facebook: https://www.facebook.com/deangraziosi Dean’s Podcast, Own Your Future: https://podcasts.apple.com/us/podcast/own-your-future-with-dean-graziosi/id1085301578  Resources Mentioned: The Game Has Changed: http://deanandtonylive.com/hala  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Facet - For a limited time Facet will waive $250 enrollment fee for new annual members! Visit facet.com/profiting for details. Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING   More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    YAPClassic: Marshall Goldsmith, What I’ve Learned From 40 Years of Coaching the World’s Most Successful Business Executives

    YAPClassic: Marshall Goldsmith, What I’ve Learned From 40 Years of Coaching the World’s Most Successful Business Executives
    During COVID, Marshall Goldsmith spent several hours every weekend listening to successful people speak about their lives. From these sessions, he learned that even the highest achievers need help finding fulfillment. So, he wrote The Earned Life to address this need, drawing inspiration from Buddhism and his experience as an executive coach. In this episode, Marshall shares practical advice and exercises to help overachievers find personal fulfillment and live without regret. Dr. Marshall Goldsmith is the leading expert on leadership and coaching for behavioral change. He is also the author of several bestsellers, including Triggers and The Earned Life. In this episode, Hala and Marshall will discuss: - Marshall’s childhood and early years  - Marshall’s interpretation of Buddhism - How he uses his Buddhist philosophies in coaching  - The benefits and drawbacks of delayed gratification  - Impermanence and the ‘every breath’ paradigm  - Letting go of past successes - The definition of an earned life  - How regret and fulfillment are polar opposites  - Avoiding the big regrets - Why people don't live their own lives  - The three demands of living an earned life - And other topics…  Dr. Marshall Goldsmith is recognized as the leading expert on leadership and coaching for behavioral change. He has been named one of the top ten business thinkers in the world and the top-rated executive coach at the Thinkers50 ceremony in London since 2011. Marshall is the author of several Wall Street Journal and New York Times #1 bestsellers, including Triggers and What Got You Here Won’t Get You There, which is also the winner of the Harold Longman Award as Best Business Book of the Year. His newest book, The Earned Life: Lose Regret, Choose Fulfillment, was released in May 2022.  Connect with Marshall: Marshall’s Website: https://marshallgoldsmith.com/ Marshall’s LinkedIn: https://www.linkedin.com/in/marshallgoldsmith/ Marshall’s Instagram: https://www.instagram.com/coachgoldsmith/ Marshall’s Twitter: https://twitter.com/coachgoldsmith Marshall’s Facebook: https://www.facebook.com/Marshall.Goldsmith.Library Marshall’s YouTube: https://www.youtube.com/channel/UCtvlM6xRUC_ErV_q1FgUgiA Resources Mentioned:  Marshall’s Book, The Earned Life: Lose Regret, Choose Fulfillment: https://www.amazon.com/Earned-Life-Regret-Choose-Fulfillment/dp/0593237277   YAP Episode 42, Become a Better Leader with Dr. Marshall Goldsmith: https://youngandprofiting.com/42-become-a-better-leader-with-dr-marshall-goldsmith/  Marshall’s New Yorker Profile, “The Better Boss”: https://www.newyorker.com/magazine/2002/04/22/the-better-boss  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.    Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING Rakuten - Start all your shopping at rakuten.com or get the Rakuten app to start saving today!   More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    Shruti Joshi: Get Good With Money, Achieve Financial Zen With Personalized Financial Planning | E293

    Shruti Joshi: Get Good With Money, Achieve Financial Zen With Personalized Financial Planning | E293
    Shruti Joshi launched her company just before the COVID-19 pandemic, only to see it crumble. This setback, however, provided a window for her to take on a consulting role at Facet, where her entrepreneurial experiences set her up for success. Before long, she became the company’s COO and later, President. In this episode, Shruti discusses Facet’s mission to democratize financial wellness for millions of Americans and shares strategies for holistic financial planning. Shruti Joshi is the President and COO of Facet, a fintech company disrupting the financial wellness industry. She has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024. In this episode, Hala and Shruti will discuss: - Shruti’s background and early career - Her transition from investor to COO at Facet  - Limitations within the financial planning industry - Why entrepreneurs need professional financial advice - The holistic approach to financial planning - The results of Hala’s financial wellness quiz - How Facet is disrupting financial planning - The role of AI in financial planning - Actionable steps for financial wellness - The importance of fiduciaries for conflict-free advice - The subscription model vs. traditional financial planning fees - Why Certified Financial Planners are the industry gold standard  - And other topics…  Shruti Joshi is the President and COO of Facet, a leading fintech company revolutionizing financial planning with a subscription-based model. Before joining Facet, she founded a peer-to-peer recommendation service and held key roles at Verizon and Altman Solon. She is passionate about democratizing financial planning and making it accessible to everyone. Shruti has been recognized as Wealth Solutions Report’s AAPI Innovator of the Year and one of the top women industry leaders of 2024. A true globetrotter, Shruti has visited over 75 countries and is deeply interested in the psychology of wellness. Connect With Shruti: Shruti’s LinkedIn: https://www.linkedin.com/in/shruti-joshi-282369a/  Shruti’s Twitter: https://twitter.com/shruti_jo  Resources Mentioned: Facet Website: https://facet.com/   Financial Wellness Test: https://facet.com/profiting  LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course.   Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING Rakuten - Start all your shopping at rakuten.com or get the Rakuten app to start saving today! More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

    YAPClassic: Alex Hormozi, How To Make Offers So Good People Feel Stupid Saying No

    YAPClassic: Alex Hormozi, How To Make Offers So Good People Feel Stupid Saying No
    One of Alex Hormozi’s portfolio companies was underperforming, and he saw a clear solution—raise prices by 50%. Despite the CEO's resistance, which took nine calls to overcome, they implemented the price increase. The result? The business tripled its profit within three months. Alex knew the key to maximum profitability was delivering maximum value, a lesson he learned from his own mistakes. In this YAPClassic episode, Alex breaks down his value equation and shares strategies for creating irresistible offers. Alex Hormozi is an entrepreneur, philanthropist, and co-founder of Acquisition.com, a portfolio company overseeing multiple businesses. He is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals. In this episode, Hala and Alex will discuss: - Providing high value without cutting prices - Alex’s ‘value equation’ for crafting irresistible offers - The four key drivers of value in business - How to identify profitable markets - Strategies to scale your business rapidly - Focusing on high-return activities for maximum impact - Leveraging high-impact opportunities with minimal effort - Eliminating your side hustles to scale your main business - Techniques to attract and retain loyal customers - And other topics… Alex Hormozi is a first-generation Iranian-American entrepreneur, investor, and philanthropist. In 2013, he started his first brick-and-mortar business. Then, he transitioned from gym ownership to founding GymLaunch, a fitness business consultancy, which expanded to over 4,000 locations within four years. Alongside his wife, Leila, Alex bootstrapped three additional companies, which generated $120 million in sales. Then, the Hormozis founded Acquisition.com through which they manage a portfolio of bootstrapped companies. Alex is the bestselling author of $100M Offers, where he shares strategies for creating irresistible business proposals. He is also the host of The Game podcast.  Connect with Alex: Alex’s Website: https://www.acquisition.com/bio-alex Alex’s LinkedIn: https://www.linkedin.com/in/alexanderhormozi/ Alex’s Twitter: https://twitter.com/AlexHormozi Alex’s Instagram: https://www.instagram.com/hormozi/ Alex’s Facebook: https://www.facebook.com/ahormozi Resources Mentioned: Alex’s Book, $100M Offers: How To Make Offers So Good People Feel Stupid Saying No: https://www.amazon.com/100M-Offers-People-Stupid-Saying/dp/1737475715 YAPClassic: Robert Greene on Decoding the Laws of Human Nature: https://youngandprofiting.com/yapclassic-decoding-the-laws-of-human-nature-with-robert-greene/   LinkedIn Secrets Masterclass, Have Job Security For Life: Use code ‘podcast’ for 30% off at yapmedia.io/course. Sponsored By: Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Indeed - Get a $75 job credit at indeed.com/profiting. Yahoo Finance - For comprehensive financial news and analysis, visit YahooFinance.com Kajabi - Get a free 30-day trial to start your business at Kajabi.com/PROFITING LinkedIn Marketing Solutions - Get a $100 credit on your next campaign at linkedin.com/YAP Industrious - Visit industriousoffice.com and use code PROFITING to get a free week of coworking when you take a tour!   More About Young and Profiting Download Transcripts - youngandprofiting.com Get Sponsorship Deals - youngandprofiting.com/sponsorships Leave a Review - ratethispodcast.com/yap Watch Videos - youtube.com/c/YoungandProfiting   Follow Hala Taha LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ TikTok - tiktok.com/@yapwithhala Twitter - twitter.com/yapwithhala   Learn more about YAP Media's Services - yapmedia.io/

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    – If you’re exploring this concept for yourself, use this as a chance to build a reputation for your strengths so that you’re more likely to be given assignments that live in your strengths zone.

     

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    2. Red Flag Situations At Work
    3. Fresh Application Ideas

    Career Branding When Responsibility Is Your Strength

    Let’s start with career branding. You probably already have a reputation for what you know. If you imagine your resume or your LinkedIn profile, I bet it’s full of “the what,” which are things like job titles, skills, knowledge, expertise, or the degree you earned. Now, what’s missing in most of them is “the how,” and this is where your StrengthsFinder talent themes live. This is an overlooked use for LinkedIn, which is not just for job seekers.

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    • Loyal
    • Diligent
    • Dependable
    • Accountable
    • Conscientious
    • Promise-Keepers
    • Honest
    • Committed
    • Responsive

    Red Flag Situations For Responsibility

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    Here are two Red flags for Responsibility:

    1. Chronically Missed Deadlines. If you lead through Responsibility and your team culture is one that is cavalier with deadlines, it will suck the life out of you. To you, your word is your honor, and you expect other people to honor their commitments as well. So when people miss their deadlines and treat it like no big deal, you’ll likely feel like it’s a place where mutual respect is severely lacking.
    2. Imposed Urgencies. You’re conscientious and dependable. You plan things out diligently so that you can keep your promises. So when other people constantly blow up your day with their lack of preparation, you’re likely fuming. If you work in a place where people tend to launch their hand grenades at you — which puts you at risk of not keeping your promises, this will suck the life right out of you.

    3 Fresh Application Ideas for Responsibility

    These are ways to apply the talent theme of Responsibility at work, even when the job duties on the team feel pretty locked in. If you’re exploring this concept as a team manager, be sure to have a conversation around these ideas. You’ll both be able to come up with places to apply them.

    For someone who leads through Responsibility, put this talent to good use with one of these options:

    1. The long haul. When you need someone who will consistently chip away at a project over time, assign it to someone with Responsibility. They are self-starters who will diligently follow it through the long term.
    2. Trust. When you need to hand something off to someone you can trust, assign those responsibilities to someone with Responsibility. When you know you can’t babysit the process, the person who leads with Responsibility will keep you posted on timelines, deadlines, and progress without any hand-holding necessary.
    3. Ownership. Think of a project or process that no one has really owned before — one of those things that sort of gets done, but never that well. Change that up by assigning clear ownership to someone with the Responsibility talent theme. They’re great at covering it from soup to nuts when they know they can take charge and bring order to a neglected part of the business.

    So there you have it. It’s a quick tour for building your career through the talent theme of Responsibility. So, here’s your homework:

    1. Go take action on your LinkedIn profile with the career branding section. Challenge yourself to write one sentence in the Summary section of LinkedIn that captures how you collaborate as a teammate at work.
    2. Then think over the red flags to see if there’s anything you need to get in front of before it brings you down.
    3. And finally, volunteer your talents through the application ideas. And if you’re a manager, have a conversation with your team members about which of these things sound like something they’d love to have more of.

    Rock Your Talents As A Team

    If you’re thinking about doing a virtual or in-person event to kick off your strengths-based culture, head on over to our training page to see if our current offerings are a good fit for you. Until next time, thank you for being part of this powerful strengths movement that helps people unleash the awesomeness already inside them.

    Enjoyed The Podcast?

    To subscribe and review, here are your links for listening in iTunes and Stitcher Radio. You can also stream any episode right from this website. Subscribing is a great way to never miss an episode. Let the app notify you each week when the latest episode gets published.