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Building a foundational legacy business is essential if we want to make a meaningful impact on the world. It is our responsibility to take the knowledge, skills, and experiences we possess and share them with others. By doing so, we not only contribute to society but also create a lasting legacy for our families and future generations.
Allow me to introduce myself. I am the founder and CEO of The Life School. My journey into entrepreneurship began when I felt unfulfilled after working as a Fortune 500 executive in the retail industry for many years. Since then, I have become a seven-figure business owner, continuously striving to elevate my impact and income. I am also a best-selling author, a passionate speaker, and the organizer of summits that have brought together over 30,000 entrepreneurs. I have been fortunate to be featured in various media outlets such as Disrupt, Business Insider, CEO Weekly, and New York Weekly. Seeking out these platforms has been instrumental in reaching the right audience and establishing credibility and authority. I will be sharing some valuable insights on utilizing media for branding and business growth during this article. At the core of my approach is a strong focus on service. I firmly believe that by serving others, we can achieve our goals and aspirations. Service is the key to unlocking success in all areas of life. Now, if any of you are currently facing challenges such as a lack of clients, inconsistent cash flow, or limited time to focus on your business, you're in the right place. This masterclass is designed to address these pain points and provide you with effective strategies. On the other side of these challenges lie the results you desire, such as consistent clients, steady cash flow, and a supportive business model. Throughout this session, we'll explore various business models and how they can align with your goals. Remember, there's no need to be attached to a specific business model. Whether you prefer one-on-one interactions, group settings, memberships, masterminds, or a hybrid approach, what matters is finding the structure that works best for you and your business. We often hear about the importance of achieving time freedom and the challenges of getting caught up in the day-to-day operations of our businesses. Trust me, I can relate to the never-ending list of tasks and the constant desire to explore new opportunities. You see, many of us have found ourselves in that very same predicament. We get so absorbed in the hustle that we forget to take a step back and assess our progress. That's why I believe it's crucial to prioritize two key elements: generating profitable income and reinvesting it wisely. As entrepreneurs, we must recognize that the cash flow we generate provides us with the means to reinvest back into our businesses. Whether it's investing in our personal growth as CEOs or exploring new tools and technologies, these investments nourish our businesses and allow them to flourish. Now, let's dive into the heart of the matter. The first topic I'd like to address is inner alignment and mindset. Just as in our personal lives, our businesses thrive when they align with our values, vision, and mission. At every phase and stage of our business journey, it's immensely helpful to clarify our personal values and our long-term goals for our companies. As service providers, our personal values often intertwine with our business values. However, as our businesses grow, they develop their own unique identity, complete with culture and a team. It's essential to recognize this evolution and regularly reevaluate our alignment with our business. As we shift our focus to long-term visionary thinking, we must always keep in mind the impact of our decisions. It's easy to succumb to short-term pleasures and lose sight of our long-term vision and mission. However, by maintaining a clear outlook on both our personal and business aspirations, we can make more effective choices. Every action we take today plants seeds for what we will harvest five years down the line. As visionaries and CEOs, we continuously work ahead, manifesting the future we desire. I personally find great fulfillment in realizing that what I have now is a result of the seeds I sowed five years ago. It's a testament to the power of deliberate actions and calculated decisions, even with the occasional misstep. Remember, it's through trial and error that we learn and grow. Now, let's talk about aligning our business model with the current stage of our business. I've noticed that many entrepreneurs, including myself, often grapple with determining the right business model that supports their growth and aspirations. For those of you just starting out and building the foundational pieces, it's crucial to consider a one-to-one model. It may not be the glamorous option that everyone desires, but it lays a solid groundwork for your future endeavors. However, transitioning to a one-to-many model requires careful consideration. It demands the presence of supporting systems, a solid marketing strategy, strong relationships, influential partnerships, and established brand authority. As I always say, I built my business one person at a time, and I understand the challenges that arise when choosing the right business model. It's vital to be wise and discerning at each phase of your journey, ensuring that your business model aligns with your goals and supports your growth. So, my friends, I hope you now have a clearer understanding of the essential components that contribute to a thriving legacy business. By cultivating inner alignment, embracing a long-term visionary mindset, and aligning our business models with our goals, we can pave the way for a successful and fulfilling entrepreneurial journey. Now, let's explore what might be missing in your current approach, allowing you to identify the perfect offer that will support your continued growth and success. For further support lets schedule a time together: https://api.leadconnectorhq.com/widget/booking/G7xHWvTvLi5GuKYH2dyK The name of my company “The Life School” came to me in one of my visions.
While connecting the dots backwards through my personal life experience, I had the AHA moment that life is a school in itself. It teaches us so many lessons through our life experiences and it knocks us down at times so that we can learn and grow each day. The individual is just like the trunk of the tree. When they work on self mastery they can influence all the leaves of the tree around them and also go through all the changing seasons with grace. The courage to be your authentic self is what ensures that the right opportunities align along your unique path of the discovery of your purpose and gifts. I have also found that this has so much resonance for me compared to entrepreneurship. Entrepreneurship is just like life itself. It is a journey towards growth and evolvement towards a bigger vision/mission. As human beings, we get to contribute to another’s persons journey by sharing the lessons from our school of life while supporting them go through theirs. My vision of expansion continues as we bring in this “new school of life” principles and values to all entrepreneurs and beyond, while supporting everyone with the most important areas of their lives and the trunk of their tree. HEALTH, RELATIONSHIPS, WEALTH, ENTREPRENEURSHIP, INTRAPRENEURSHIP. https://register.elonaloparicoaching.com/thelifeschool What is the most important lesson that your school of life has taught you? I vividly remember my mom, brother, and sister starting our life in the United States. We had high expectations based on what we had seen on TV and our father's stories with us over the phone. When we landed at JFK Airport, we were very excited to reunite with our dad as we looked at our surroundings in awe. We wondered what this phase of our lives would bring.
While our father shared life stories here, I still remember we felt the people were so different, and the highways were so noisy. One saying that stuck with me that day was that he told us, "you could do and be anything you want to be here." I did not understand what he meant at that time, but I now realize what he meant many years later. We put down our suitcases in a rented basement and were very happy and hopeful to start our new life in a new country. Soon after, we registered for school. Since I was the oldest child, I helped our parents in translating the English language. My parents delegated the family budgeting and payment of bills to me at one point since they had difficulty with the language. These early responsibilities helped me to grow and shape my character. By this time, I also started taking up my first teenage jobs like babysitter, restaurant hostess, waitress, etc. I also remember using the money I earned while working to help my parents pay the family bills. My story of coming to America to reach the American Dream has taught me that we can persevere through any life struggle and the challenges we overcome in life become the stepping stones to our greatest opportunities to serve others later on. Read my full story and more in my book "Connecting the Dots Backwards" https://www.elonaloparicoaching.com/books.html When you work on purpose your actions and decisions with the goals that you are trying to accomplish have a powerful intention. For example, many of the entrepreneurs I've helped over the years have their full time jobs still. However, because they understand the alignment in the actions in their business that are going to make the most impact and income in the long run, they can still work until they're comfortable with walking away and going full time in their company. That’s exactly what I did at the beginning of my entrepreneurial journey as well.
Another helpful example to consider is this one also. When you have a local storefront business, let's say you own a beauty salon. You have a main entrance door from which people come to you, and they know where you are in case they need the services that you have to offer. Over time you build that business through referrals and word of mouth. Hopefully the owner has invested in other ads but that's more likely how traditionally people have built a local business. In the online world. We don't have a local store front. One where people can just constantly come and find you. So you have to think about your online presence, your omni brand presence as the main store that people see and get introduced to you. Whether it's your website,your Facebook group, Linkedin or your profile on Instagram; those are all the main doors of your online shop and business. And that's how you bring in new people constantly. You say welcome with your profile and introduce yourself as the host. Here's what I'm about and your content speaks to them that way also. It is the same way when you walk into a beauty shop and you have the person dying your hair, someone cuts your hair, someone can get all these different services when walking in. It is a similar concept. For more information check out episode 235 of our Podcast: https://podcasts.apple.com/us/podcast/the-life-school-masterclass-show/id1503411712?i=1000611631131 When I started my journey as an entrepreneur, I had an employee mindset, where I was used to working and getting paid right away for my work in the form of a salary. I had to shift that completely as I was building my business, because having an entrepreneur mindset is a completely different ball game. As I mentioned, as an employee, you have the mindset that you get rewarded for the work you do on a weekly or monthly basis through your pay. And every day, whatever you put in, you usually get out through the compensation of your salary. So that's the income level that you receive which is predetermined by your employer and role.
When you build a business, it's the contrary. You are usually putting in a lot of time, energy and monetary investment up front. A lot of times, that is going to come back to you as a return on investment, probably many months down the line or even years. So, first you have to reap so that you can sow at a later season. You are always working 5 or 10 years ahead in time. This is especially true as a beginning entrepreneur, where I personally built my business while I was also working full time still. I was able to replace my salary, before I made the pivot to full time entrepreneurship. This was not because I understood these concepts back then but because I had to be practical and resourceful as I needed my salary to cover my expenses as I was building my dream, my baby, my business. While growing a business, we can't just rely on the sales that we are able to produce. We have to make a lot of other investments in the form of expenses. So just because you have a client and you're receiving a certain amount of income from them, does not mean that you get to take home 100% of that income, right? You have to plan ahead for taxes, other tools you've invested in, mentorship, etc. Being mentally and practically prepared for these is crucial so that you build a successful business. Love to invite you to listen to more valuable content as a visionary entrepreneur that will help you level up to the next level in our podcast: https://podcasts.apple.com/us/podcast/the-life-school-masterclass-show-with-elona-lopari/id1503411712 THINK LEGACY!!
The Mindset needed to be a Legacy Builder! “Life is a big puzzle, and every day we all are collecting the pieces in putting the bigger picture together” Elona Lopari Long term vision, mission and long objectivity of commitment levels are going to be very, very important when you go into this journey of entrepreneurship for the long term impact. We all start as solopreneurs and we don't always have a very clear vision when we start from the get go. A lot of people might also get a little overwhelmed when they think of the big vision and mission of building a massive legacy company. But it all starts with one step at a time. Every great journey starts with that first step….It all starts with making an impact with one person at a time, whether it's through your day to day interactions, or whether it's through your first couple of clients. So having the mindset that business is really about investing and putting in the time, energy and commitment now, for the health of the business years to come. But it all starts with one step at a time. Every great journey starts with that first step…. It all starts with making an impact with one person at a time, whether it's through your day to day interactions, or whether it's through your first couple of clients. So having the mindset that business is really about investing and putting in the time, energy and commitment now, for the leverage of later use and return on your investment is a concept that I wish I knew when I started. For our Legacy Business Building Programs visit our website at https://www.elonaloparicoaching.com/services.html So how do we go about unlocking success?
Identify the complexity coming from your inner conflicts; see it clearly on what it is. You may know to use the tools, but how can you unleash when you're being pulled in two different directions? What's most important to you today may not be the thing which you wanted to do. Society puts the belief system in you in the form of a Blueprint. How do you spell success and self-align your life with what you value? Once you achieve success, celebrate and contribute by paying it forward. Once you've got what you wanted, please give it to someone else, and they can, in turn, give it to someone else. It continues the cycle of the fulfillment of joy that starts to happen in your life. Aligning your inner and out success is necessary so that you live a fulfilled life and most importantly live on purpose. For more articles such as this visit our website: https://www.elonaloparicoaching.com/blog As a first generation immigrant from Albania, I was raised under the belief that women belonged in the kitchen and needed to be good mothers in order to be valuable. I always rebeled against this expectation everytime I was told that this was my entire purpose for being on planet earth. I remember feeling so undervalued and the misalignment between what my intuition was telling me and what I saw on the outside was so strong. That's until I climbed the corporate ladder for 15 years as a corporate executive and a successful entrepreneur for 6. Here is what I learned to help me find my purpose, grow an amazing business while still enjoying to be in the kitchen parenting my now preteenagers.
Take the next steps in your business growth journey by participating in a Free 60 Minute MasterClass that will dive into these topics further. Visit elonaloparicoaching.com to get access to the Free Masterclass. Featured in Disrupt, Famous Times, TimeBusinessNews. I used to overstack my calendar to the point that I would overwhelm myself by looking at it not to mention completing all those tasks I assigned to myself.
I would feel defeated and leaned on procrastination. That is until I learned these 3 important strategies I will share with you now that could help you plan and execute on purpose. 1. I learned how to plan at a 3 months interval and not yearly. 2. I learned how to plan my self care and personal life priorities first. 3. I learned to reflect back on my week and adapt my strategies while the action I took was even more intentional keeping me focused and producing the right results. I have created “The Focus on Purpose Planner” available on Amazon that is structured around my productivity framework and helps you stay focused and working effectively on all the right priorities. Q2 is right around the corner so knowing that you have a great plan in place will help you execute with more confidence. Grab your copy here: "Focus on Purpose Planner": Design a Life and Business on Purpose https://a.co/d/3DPzTIY |