Although you do need a good strategy to reach 7 figures, what you really need is the mindset of a 7 figure business owner to really succeed.
They say that you can hustle your way to 6 figures, but when it comes to 7 figures, what got you here won’t get you there.
When 6 figure business owners turn inwards and develop the mindset of a 7 figure business owner, they reach their goals faster than anyone could ever imagine.
It’s not always obvious what 7 figure business owners are doing differently to 6 figure business owners and that’s because most of it is hidden away in the mind.
8 Secret Steps To A 7 Figure Business Owner Mindset
Most of the long-time six-figure earners hold this particular belief that they already have what it takes to bring their businesses to the next level.
Spoiler Alert: They don’t.
Thing is, scaling up a business doesn’t always reciprocate in terms of profit.
You may resort to business expansion yet still remain stuck in the same 6 figure income.
Apparently, as many business analysts see it, there are far more things to do to get to that 7-figure status. And most of them involve steps as trivial as cultivating the right mindset and setting up a vision.
So today, I’d like to show you how exactly it is done and why each point contributes to your 7-figure profit dream.
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1. Begin With A Vision
Every successful 7-figure business starts with a long term vision for their company. It is very hard to grow a business to 7-figures without thinking at least 5 years into the future. You can’t adopt a “let’s see what happens” attitude towards your business when you’re working at these levels.
If you’ve never set a long term vision for your business I encourage you to do it right now. Where would you like your company to be in 5 years, 10 years or even 20 years?
Really dream big. Think outside of the box and write it down. Read it out loud twice a day and really believe that this is what you are working towards.
This is exactly what I did to get to six figures and it only took me a few months once I started doing this exercise.
Keep going with it and don’t give up, as long as you still feel like it is your purpose to pursue this particular business. Don’t worry, you can change your mind.
2. Become A 7 Figure Business Owner
If you want to reach 7-figures in your business, you need to start asking yourself, what would a 7-figure business owner do? What would they think? How would they behave? What would they wear?
If you’re not sure the answer to these questions, go looking for a 7-figure business owner in your niche, and have a look at their Instagram account, read their biographies, and watch their Youtube videos. Soon you’ll find someone you can resonate with. A lot of people share their mindset secrets in their biographies so it is well worth reading them.
Then you just need to create a new version of yourself and perhaps give yourself a nickname like KK 2.0 and literally step into that version of yourself.
You are now the owner of a 7-figure business, and you can immediately start to think like one and act like one.
Once you do this, your reality will have a habit of catching up with your new belief system very quickly.
3. Embrace A Positive Attitude Towards Growth
Napoleon Hill was famous for saying “What the mind can conceive, it can achieve,”.
This is especially true in business. You need to psych your mind into believing you can achieve everything you need to get that coveted 7-figure income.
Even the Harvard Business Review reiterates this by stating that a growth mindset is an essential quality an entrepreneur should have.
You should view growth not as a risk, but more as an opportunity to upgrade your existing income.
Always develop an attitude that never shies from the future’s uncertainty. After all, we’ll never know what awaits us if we don’t give it a chance.
Granted, upscaling and expansion are often scary. But with the right attitude, you can conquer this initial fear.
Even if you’re confident that your niche will last for more years, you’ll need to have a positive growth attitude to reach a better income bracket that will cement your presence in the business industry.
4. Update Your Business Strategy
“Hustling” is what gets a lot of entrepreneurs to six figures.
But this alone won’t get you to 7 figures anytime soon.
You need to plan that you intend to earn this amount of money at a specified timeframe, with equally specific goals and an updated business model.
Unlike hustling, the mindset of a 7-figure business owner should be one that leverages their resources to maximize and streamline their business activities.
Also, you should incorporate into the strategy not only the internal aspects of the business but the wellbeing of your customers as well.
Today’s businesses put an emphasis on client retention and market outreach. You may come up with an innovative approach to perform these tasks effectively.
5. Act Upon Your 7-Figure Vision
A plan without an action is just a dream; so, therefore, you should never fail your strategy by not acting upon it to the letter.
For many business owners, execution is the most difficult part and rightly so.
This is because situations may arise that might force you to swerve from your actual plans. They come in the form of poor investment decisions and temporary emergencies.
But to become a 7-figure earning entrepreneur, you should know when to make adjustments and when to stay firm with your goals.
Otherwise, if you keep saying “yes” and commit mindlessly to everything, you’ll find yourself still stuck in your 6-digit hustling business.
6. Revamp Your Systems
The path to a 7 figure business is paved by an efficient system.
Want to know why?
It’s because it streamlines your business activities, making more room for your schedule for maximizing important routines.
For example, if you keep doing the same task, you can simply create a system that simplifies the process for everyone concerned.
As a result, it will minimize mistakes and reduce backlogs that hinder your business from upscaling and expanding.
Systems create efficiency, which in turn increases your team’s productivity.
7. Invest In Your Team’s Talents
A good 7-figure business system would be nothing without a team of highly-skilled individuals.
Even if you’re hiring only a few employees, it pays to invest in exceptional people.
At first, it may cost you a lot to keep them in the team, but soon with consistently positive results, you’ll realize that it is all worth it for your business.
For every successful entrepreneur, there is a staff of talented individuals who make things easy for the owner to achieve their business goals.
Don’t hesitate to invest in your team’s training as you’ll soon find them indispensable for your business.
8. Set Yourself Up As An Authority
The secret to fast-tracking to a seven-figure income status is having the guts to position yourself among the pioneers and authorities in your niche.
If you’ve already achieved a six-figure income, this shouldn’t be difficult.
All you have to do is be confident and capitalize on your market presence by communicating the right message to your client base, creating a movement, maintaining your business credibility, and seeking social proof.
Through reviews and testimonials, you can easily establish authority in your niche that will set your business apart.
This translates to more income and eventually, a seven-figure earning status.
Now that you’ve got the tools you need to get your mind in the right place for success, now you might be looking for the right tools your online business needs for success? I have a free gift for you that will give you all the tools that I used to create a six-figure blog.
Indeed, what made you achieve the 6-figure business income isn’t going to serve the same purposes for getting you at a 7-figure status.
Still, using the steps above, there’s still hope that one day your business will soar higher and before you know it, you’ll be rubbing elbows with industry leaders.
It may take time to materialize, but with sheer dedication and cultivation of a 7-figure business owner mindset, you can achieve what your mind has conceived.
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