Ep #56 Match Your Business Model to Your Personal Aptitude

Elizabeth speaks to Dr Todd Fiegel, of AptitudeDoc.com, an Online Business Coach who helps people match their business model to their personal, natural aptitudes to achieve rapid success. Dr Todd shares why an online business appeals to our human nature, tips to choosing the right business model for your success and what mistakes people make and how to avoid them.

Elizabeth answers a Listener Question about where to invest your money when you get started in business, specifically speaking to her recommendations for seminars, courses, info products and other resources; and the Entrepreneur’s Success Tip of the Week: Going on an Information Moratorium.

Click Here To Download the Show!

To learn more about Dr Todd’s Aptitude Quiz & Mind Map visit www.aptitudedoc.com

The Three “S’s” of Investing in Your Business: Self

One common questions I get from small business owners and entrepreneurs is, "How much should I be investing in my business? What expenses are important?" When you are deciding how to invest in your business, and want to grow your business not just at 2% or 5% a year, but an exponential 100-200% per year, you need to stick to one of the three "S’s" — Self, Systems, and Support. #1 — Self You must constantly invest in your personal, professional, and business owner development, in order for you to achieve exponential growth.

Personal development, means not just working on time management, but also your own health, spirituality, and relationships. Everything you do to make you a more fulfilled and balanced person, makes you a better person, and therefore, a better entrepreneur. Professional development means developing you as an expert. Whatever your industry, continue to develop your expertise through reading, conference, study groups, and whatever else keeps you in the know. But also add what makes you a professional expert - training in writing, speaking, and relating to the press. But be aware … you could spend 52 weeks and $100,000 on seminars each year … only choose education that is tailored to your niche and vision of your business. Business owner development means sharpening your business strategy, marketing, personnel, finance, legal, and management skills. Don’t forget - you may think your business is financial planning, photography, graphic design, or coaching, but you are wrong. You are in the marketing business. And, you need to stay sharp to grow fast.