Tag : Wealth Dynamics

  • Wealth Dynamics: When is a shortcut not a shortcut?

    Posted Nov 23rd, 2010 By in Clarity & Focus, Decision Making, Motivation & Management With | 1 Comment

    When talking about Wealth Dynamics, Roger Hamilton points out that successful people follow radically different paths to wealth.  Bill Gates and Warren Buffett – for years the #1 and #2 richest men in the world – have completely different ways of being successful.

    Gates had all his eggs in one basket, relying on innovating within Microsoft for his success.  Buffett, on the other hand, grew his wealth by spreading Berkshire Hathaway’s assets amongst a number of stable businesses, and actively avoids technology stocks.

    Hamilton’s conclusion, explained very well in the Wealth Dynamics concept, is that there are lots of different ways to become wealthy.  And that each of us has one way that will work better for us than any of the others.  So what is a direct route for me could easily be an unfulfiling short-cut for you.  You may get some fleeting success, it may even come to you quicker, and if it’s taken you off your true path, the way that you, and you alone, add maximum value for others, that success is likely to be short-lived.

    So are you learning from people like you – or are you trying to become someone you’re not?

    Click on this link to take the Wealth Dynamics profile test and find your best path to wealth.

  • Inquisitive Analysis

    Posted Nov 1st, 2010 By in Business Strategy Coaching, Clarity & Focus With | No Comments

    Inquisitive analysis for business strategy coachingBusiness Strategy Coaching:

    Following on from my blog “I wish I’d known that then” about the Wealth Dynamics profiling system (for details go here), I’ve been working with my “Accumulator” profile for over six years, and have really got a handle on how the 8 profiles interact.  I particularly understand which profiles my Accumulator works well with, and how.

    My steady, analytical, considered approach is a great counterpoint to the dynamic and rather chaotic energy of a ‘Creator’.  I describe myself as ‘the guy who holds on to the kite strings’ – we all know if kites are allowed to just go wherever they want, they soar straight up into the sky and quickly come crashing to earth, and with a steady and experienced hand on the strings they can rise and rise (my thanks to Patrick Moore, Supporter/Dealmaker extraordinaire, for that analogy).

    When I left corporate world, the first thing I did was consulting on Key Accounts Strategy – analysing the accounts’ strategic value, using my peculiar analysis skills. I say “peculiar” because for about 15 years I’d shoe-horned myself into a role that wasn’t really the best for me – as an Accumulator I love being analytical, and the Key Accounts roles I was doing really needed the more relationship-building skills of a Dealmaker. So I adapted my analytical bent, and analysed the relationships as well as the hard numbers. And in the process created the style I call “Inquisitive Analysis” (IA).

    IA is all about understanding the numbers and the people.   A core question in the approach is: “What else has to be going on here for this to make sense?”  With the numbers, it’s “What variables are we missing here, that lead to this market or financial performance?” (scarily often, it’s competitor activity that hasn’t been considered!).  And with people, it’s “What has to be in their mind, for that behaviour to make sense?”  Starting from the premise that people rarely do things they know to be wrong or stupid, it’s generally possible to construct a workable approximation to their model of the world – and to communicate more effectively within it.

    So despite being in essentially the “wrong” job for a fair chunk of my career, I still managed to come out of it with a unique talent, something that really sets me apart.

    What’s your unique talent, the thing that makes you truly special?

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