An Entrepreneur’s Guide to Lifestyle Freedom: Episode 24

Over the years, I’ve learned that great leaders are not only comfortable sharing their vision, their passion overflows and spills out to others in such a way that everyone they share their vision with can’t wait to be a part of it. When you share your passion, you transfer that passion to others and inspire them to be part of something that makes them feel good about themselves.

So Leadership Law 2 is Convey an Inspiring Vision. The first step is to create a vision for all facets of your life (your company, your family, everything)… A vision doesn’t have to be strictly related to your business. I’ve created a vision for my family as well because I strongly believe that families rise and fall based on leadership…

Far too many families live by the philosophy that their success both financially, spiritually, and even in their love and harmony, is going to happen by chance. It doesn’t work that way! Your family’s success is going to come from leading your family to success. (Read page 85 of The Unemployed Millionaire for a deeper explanation of conveying your inspiring vision to your family!)

Carrots vs. Cause

The other important part of Leadership Law 2 is developing the ability to understand what motivates people to take action. Dollar bills are generally the most widely used carrot in traditional business.

What happens when you use money as the biggest motivator is that people will leave you in a second if they can earn more money somewhere else. If money is your carrot, you have no competitive advantage because just about everyone is using money as the motivator.

In general, people will be more motivated by a cause than they would be by money. If you look at many of the truly great companies in the world, you’ll see that their leaders inspired them to go after an inspiring vision…

The Vision Behind Microsoft

A perfect example of a leader using vision to inspire an entire team of people is Bill Gates. In the mid-1980′s, Bill Gates set a goal to have Microsoft software running on a personal computer on the desk of every person in the world. At the time, his goal seemed absurd since computers were ridiculously complicated to use and priced at a premium.

To reach his goal, Bill Gates had Microsoft develop Windows to make personal computers much more user-friendly. Windows also adopted the most popular productivity programs to run on the new system. This new combination of popular productivity programs and easier to use personal computers, gave more people a reason to buy a personal computer and use Microsoft’s software.

Today, over 90 percent of all computers run some form of Microsoft software!

Life is short; we all have a very limited time on this planet. I believe that if you want to experience fulfillment, it will not be created through any amount of money you can earn but by the impact you can make on this world.

How are you motivating the people you are closest to? I’d love to discuss it with you below in the comments section.

P.S. Want more information about the leadership laws? Get your copy of The Unemployed Millionaire and help me feed 5 hungry children right here: http://www.MattMorris.com/book.

P.P.S. Did you miss the latest episodes of The Unemployed Millionaire Show? Watch them right here: Intro to the Laws of Leadership and Leadership Law 1.