The Power Of Self Assesment

What makes the world’s top entrepreneurs as successful as they are? That’s the million-dollar question. The million-dollar answer is more simple than you’d think — self-assessment. A common thread between very successful people is that they know who they are. Self-assessment is a vital part of the path to success.

Think about it — if you really zoned in on your strengths and weaknesses, without any excuses, how prepared would you be to position your strategies accordingly? It’s for the same reason we pursue education, or even familiarize ourselves with the rules of a board game. The more you understand how things work, how you work, the better you’re able to make a smart move.

Many of the successful entrepreneurs out there have mapped themselves so clearly, that they were then able to partner with others who had done the same. When unique abilities find complementary unique abilities, and everyone is fulfilling their purpose, incredible things happen.

So how do you get to the truth of who you are?

Really, the possibilities are endless if you do the work. I’d encourage you to actively engage in self-assessment each and every day. But I’d like to share with you some great places to start.

A few of my favorite tools out there are the Kolbe A Index, StrengthsFinder, and Wealth Dynamics. These tools help you identify three key things in your entrepreneurial journey: how you get results, what your unique strengths are, and what type of wealth creator you are.

Combined, these tools help you pinpoint essential qualities about yourself. Think about it — if you understood how you get results on projects, would you waste time solving problems any other way? And if you knew your strengths inside and out, wouldn’t you be better able to delegate or find partners who compliment you? And if you identified what type of business person you are, you’d feel less pressure to conform to other’s business models.

Kolbe A Index

The brain is fascinating because for everything we understand, there are so many things we don’t. What has been determined, however, is that there are three parts of our mind: cognitive, conative, and affective. The Kolbe profile is particularly special, because it focuses on the conative part of your brain. This part of the mind is all about drive, instinct, necessity, innate force, and talents. I’m sure you can guess that the cognitive brain is all about intellect and experience, while the affective brain deals with emotion, desires and values.

Our conative mind is important because we all have different instincts when it comes to approaching work. That’s why some people like to tinker with the fine details, and some like to approach projects from the big picture.

Kolbe A is broken into four parts, all of which you are “scored” on. Score is a loose term, because there’s no pass or fail, and a higher number does not equal “better.” What it shows is where on the scale you are in terms of four qualities: Fact Finder, Follow Thru, Quick Start, and Implementor. Fact Finder expresses how you gather information, Follow Thru deals with your organization, Quick Start shows your ability to be flexible and manage uncertainty, and Implementor is how you handle space and tangibles. Your numbers reflect different characteristics.

One of the coolest aspects of the Kolbe, is that because it deals with the instinctual part of your mind, it really doesn’t change that much. This profile can help you understand, and then optimize, how you approach your work.

StrengthsFinder

The StrengthsFinder tool is unique in that it assesses your individual strengths, based on a list of 34 specific traits. The assessment is fairly quick, and then your personalized results share what you’re strongest traits are and how to implement those, and how to strengthen some of the weaker traits. Together, StrengthsFinder and Kolbe are amazing — you get a good idea of how you get results and where your strengths lie, allowing you to build personal business strategies that fit you uniquely. This is the self-work that makes your vision a reality.

Wealth Dynamics

The last tool is Wealth Dynamics. This one focuses on the “eight paths to wealth.” What that really means is — what type of entrepreneur are you? Are you a Creator, Mechanic, Star, Supporter, Deal-maker, Trader, Accumulator, or Lord? In a nutshell, these paths to wealth express the qualities that make you the entrepreneur that you are.

Creators can’t help but create. Mechanics are into details and fine-tuning. Stars are the ones that you can’t help but adore — I’m sure you can think of a few celebrities who leave you starstruck. Each one of these paths has unique characteristics, but if you consider the wealthiest people in the world, they somehow found their way to success because they followed one of these paths. Knowing which path you’re on (or should be on) is essential to your success.

Go Forth and Discover

The tools above are examples of the work that it takes to know yourself and who you are. The more you can learn, the more you can make your business work for you. Remember, you are your greatest asset. Invest time into knowing yourself — the good, the bad, and the ugly. Doing so honestly helps you become the best and most productive version of yourself. By extension, it also helps you build your best team possible.

You can listen to the podcast episode I recorded on my new show, Cashflow Investing Secrets here.

Live your Freedom, Live Your Legacy, On Your Own Terms,

M.C.

M.C. Laubscher is a husband, dad, podcaster & Cashflow Specialist. He helps business owners and investors create, recover, warehouse & multiply cashflow. You can learn more about exclusive cash flow strategies in M.C.’s new video series at https://www.yourownbankingsystem.com/