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Posts Tagged ‘entrepreneurial’

Aaron Speaks to the U.S. Coast Guard

Friday, June 15th, 2012

Aaron spoke to the U.S. Coast Guard on June 14th, 2012 in St. Louis, Missouri.

Aaron’s company, FTRL Railway, featured by Terry Bradshaw on Today in America

Wednesday, April 25th, 2012

FTRL Railway, one of the companies Aaron co-founded, is being featured on Terry Bradshaw’s show Today in America. The show covers FTRL Railway and its role in the rail industry. Both Aaron and his father, Bill Broyles, are interviewed in the segment in addition to one of FTRL Railway’s clients, Gateway Terminals.

The show is currently airing in regional markets across the nation including St. Louis on Charter on CNN Headline News (HLN, channel 39). You can view the show right now on the FTRL Railway website at www.ftrail.com. It airs in St. Louis on the following dates and it will also run nationally on Fox Business sometime later this summer:

Thursday, April 26, 9:54 AM, CNN Headline News Charter Cable
Thursday, April 26, 8:24 PM, CNN Headline News Charter Cable
Friday, April 27, 6:54 AM, CNN Headline News Charter Cable
Saturday, April 28, 6:54 AM, CNN Headline News Charter Cable
Saturday, April 28, 8:24 PM, CNN Headline News Charter Cable
Sunday, April 29, 11:24 AM, CNN Headline News Charter Cable
Sunday, April 29, 3:54 PM, CNN Headline News Charter Cable

Aaron Speaks at The Bank of Edwardsville

Thursday, April 12th, 2012

Aaron was invited to speak at The Bank of Edwardsville employee meeting on April 11th, 2012. It was a great event and amazing group of people. Aaron spoke about three key entrepreneurial attributes: the ability to see opportunity others do not see, using your uniqueness as a major advantage and the power of focus.

Tom Holloway, President and CEO of The Bank of Edwardsville, remarked following the presentation, “Aaron is an enthusiastic, energetic and interesting speaker. He is certain to quickly win over his audience. Expressing even complex notions in a simple and straightforward manner, Aaron makes his audience members feel as if he is carrying on a relaxed conversation with them alone. In a word, Aaron is ‘extraordinary.'”

Do Great Things Intro Video

Thursday, March 22nd, 2012

Learn one of the best kept secrets to success – delayed gratification

Saturday, October 30th, 2010

One common thread among great entrepreneurs and successful people is the idea of delayed gratification.  Delayed gratification means that you are willing to make a sacrifice now for something great in the future.  Unfortunately in today’s “fast food” society, we want everything now, not later.  As a result, future opportunities are short circuited and squandered away.

The best example of delayed gratification is revealed in a study known as The Stanford Marshmallow Study”.  Michael Mischel, a Stanford psychology researcher, performed a study that began in the 1960s with four year olds and marshmallows.  Four year old children were given one marshmallow.  Did I mention that these children were also very hungry?  The children were given two options.  They could eat the one marshmallow now or if they waited for 15 or so minutes until the researcher returned, they could have a second marshmallow only if they did not eat the first one.

This study revealed some very interesting results.  About one-third of the children devoured the marshmallow as soon as the researcher left the room.  Other children were able to wait a little longer before succumbing to the pressure.  The remaining one-third of the children waited 15 minutes or longer until the researcher returned without eating their one marshmallow.  The longer term results of this study are very telling.

The children that were able to view the longer term gain of two marshmallows while enduring the immediate pain of not eating the one marshmallow in front of them in the heat of the moment went on to experience a greater amount of success in their lives.

After the children graduated high school, the group that waited for the second marshmallow was more positive, self-motivating, and persistent in the face of trials and so on.  These children had the habits of successful people and those habits translated into better health, higher salaries, and better marriages.

Which group do you fall into right now?  If you are currently devouring your marshmallows the second they hit your plate, there’s good news.  You have the ability to alter your approach in this area of your life, but it involves sacrifice.  Sacrifice is a word that makes most people cringe, but I promise you that with great sacrifice, there is great reward.

Take a few minutes and identify two areas in your life where you lack discipline, and then ask yourself what needs to change.  Are you spending more money than you make right now?  Are you watching television in the evenings instead of spending quality time with your spouse or children?  Are you not giving your employer or business everything you’ve got when you’re at work?  Are you spending time reading the bible and praying?  Is the treadmill getting lonely at your house?  Think about it for a moment.  Once you identify those two areas that need to change, then go and do it.  Don’t worry about making big changes at first.  Start small and build incrementally.

The great entrepreneurs almost always delay present benefits for a future benefit by committing to hard work now.  Learn from them, and apply this principle in your own life.  Take action today.  Delay gratification.  Procrastinate on another day.  Step up and make it happen.  You will position yourself to do great things in the future, and the gratification will eventually come.  Trust me.

Secrets to Reducing Risk

Thursday, October 7th, 2010

As an entrepreneur, I’ve learned that risk assessment is an extremely important skill set. Before jumping into a new venture, you have to weigh all the risks and compare those to the potential benefits. You then have to evaluate the probability of those risks, and then do the really hard part – make a decision. I’ve also learned that risk assessment is just as important in our personal lives. Think about the big questions you’ve had to consider in your own life for just a moment:

• What am I going to choose to believe as it relates to God?
• Who am I going to marry?
• Where will I go to school?
• Should I take the new job in a different state and move my family?
• How do I handle the specific problem my child is facing?
• Should I sell the house and consolidate my debt?
• Do I retire now or work a couple more years?
• Etc., Etc.

In “every day life”, we are faced with decisions that must be made one way or the other. Choosing to delay a decision is in most cases the same as making a decision. As you evaluate the components of a decision, you must consider the risks and the probability of those risks. We can learn a great deal from how entrepreneurs evaluate risk.

Risk Assessment starts first with identifying all the things that could go wrong. I usually try to focus on the top 3 things that could go wrong as a result of the potential decision I’m about to make. Once I’ve identified those top 3 potential items, I then put my own percentage of probability that they will happen. I have found in my own life that I tend to fear those things that are really not that probable, and I’ll bet you do the same.

As you assess the downsides of making a decision, you must also assess the downside of not making the decision. For example, if I choose to not pursue an advanced degree, what might be the risk for my career over the next 10 years?

Upon completing your assessment of the risks, you must now list the top 3 benefits of your potential decision. What are you getting by making this move or action? You should also list the top 3 benefits of a “no-go” decision.

Once you’ve had the opportunity to look at every angle of your potential decision (top 3 benefits of a yes and a no, top 3 negative outcomes of a yes and a no), you need to do a creative alternatives list. This is an area of risk assessment that many people rarely consider. As a person confronts a decision point in their life, they become so locked on that particular situation, that other alternatives are never considered.

Imagine that you are looking for a new house. Let’s suppose you only look at one house, and it has a lot of potential. As you start evaluating if this is the right home, wouldn’t you continue to look at other homes on the market? Why would you limit yourself to only seeing one house?

Unfortunately many people make the mistake of closing off their mind to the idea of multiple options. It could be that the perfect solution is one that you haven’t considered yet. As an entrepreneur, I have limited capital, resources and time, so as I assess the risk of a potential business, I also have to consider other opportunities that might yield higher results with less risk.

Have you ever heard the term, “higher risk; higher rewards”? Well, this isn’t always the case. I have evaluated several opportunities that were high in risk without much upside potential. In your personal life, the same can be true, and that is why you must take the time and effort to do a proper evaluation.

The final component to your risk analysis should include this one question. “Is there anything that I can do to reduce the risk of this potential decision?” The answer may be no, but it could be that your creative thinking might just develop an alternative that could really be interesting.

Once you’ve evaluated the risks, the probability, benefits of both sides, considered all the potential options and you’ve considered how to reduce the risk, you will be equipped to do great things. In the next blog, I will reveal a great secret to taking the risk out of risk.

Two Things I learned from Storming Norman on Leadership (part 2)

Monday, September 13th, 2010

In my last blog, we addressed the principle of doing what is right, and today we will cover the second part of Schwarzkopf’s leadership advice – “When placed in command, take charge.”

I made the mistake early on in my leadership journey by letting the caboose drive the train, because I didn’t have enough confidence in my own judgment. Many inexperienced leaders tend to fear the consequences of their own decisions, and as a result, they allow the opinions of their followers to drive their decision making.

Here me now and do not forget this concept, when placed in command, TAKE CHARGE.

This is how you learn to be a leader. You will make mistakes, and your judgment will never be perfect. It’s acceptable to make mistakes, and most leaders do. You cannot lead if you elevate the opinions of your team above your own. There is great wisdom in seeking the thoughts and opinions of your team, but you are the one to call that final shot. Do not let anyone else make that decision for you. 

Take in all the advice and opinions and then draw your own conclusion based on your decision.  If the people you are leading sense for a second that you are indecisive and waffling on an issue, they will not respect you. In your effort to appease them, you’ll lose them.

People want to follow a leader who is not afraid to lead, but they will very rarely follow a leader who hesitates.  It’s perfectly acceptable to seek advice and counsel prior to making a decision, but the one who is leading is responsible for stepping to the plate and making the final decision.

Do not apologize for your decisions, especially if you chose against someone’s advice. Advice is only advice, but the leader has to gather all the data together in order to make the best decision. This is the job of the leader, so don’t be afraid to do it.

I sometimes struggled with leading individuals who were more qualified or more experienced than me.  I would sometimes wonder if they were “second-guessing” my leadership and direction. It was not until I learned this valuable leadership principle that I later realized that you will always be “second-guessed”.  It comes with the territory.  

Instead of worrying about what other people think is or isn’t the right decision, I started leading. I soon discovered that you don’t have to be the smartest person in the room to lead.  I’m an excellent example of that truth. 

I do want to emphasize how important it is to solicit feedback and advice from key team members who can impart critical information to assist in the decision making process.  It is extremely valuable to have a team who can express their opinions openly and honestly without judgment.

The bible says, “Plans fail for lack of counsel, but with many advisers they succeed”. Your team should always feel safe that they can disagree with you and express their thoughts. But in the end, the leader calls the final shot.  You cannot be successful any other way.  When placed in command, take charge, and you will lead others to great things.

Two Things I learned from Storming Norman on Leadership (part 1)

Monday, September 13th, 2010

I had the opportunity to see General Normal Schwarzkopf speak several years ago, and he made a statement about two areas of leadership that changed my entire life.  He said, “Always do what is right and when placed in command, take charge”.   Today, we are going to address the principle of doing what is right, and in my next blog we will cover the idea of taking charge.

Over the years I have discovered in my own life there are millions of ways to bend the truth, push the limits, justify gray areas, and it is much easier to achieve so-called success by taking short-cuts and cheating.  Doing what is right on the other hand is usually the harder path to take.

Many professional athletes have discovered that using steroids can catapult their athletic ability faster and more effectively than working hard in the gym the old fashioned way. Countless politicians have learned that taking bribes and back-door agreements can get you ahead much faster than being honest and legal.

Every day you are faced with decisions that lead you down the high road or the low road, especially when you step into a leadership role, and the consequences multiply exponentially.   

Doing what is right will protect you every single time in the long run, and it will protect those whom you lead. The bible says, “There is nothing hidden that will not be revealed. There is nothing kept secret that will not come to light.” I assure you that if you choose to take the shortcut, your actions will be revealed some day, and you will pay tenfold. The easy road only leads to disaster in the end.

The low road never begins with major offenses in the beginning, but it starts with very small compromises. The man who finds himself in adultery usually doesn’t start his marriage off with that goal in mind. But as he chooses to make small compromises over time, he finds himself very far from his initial intentions.

The small compromises are the deadliest decisions you can make, because you often don’t see the consequences immediately.  Consequences usually do not become evident until it’s too late, and we are well down the path of destruction.

Our moral decisions not only affect our lives, but the lives of those around us. The decisions you make today will have a lasting impact on your life and almost everyone who comes in contact with you.  Most people tend to compartmentalize their lives, especially when making compromises.  We never think that the decisions we make in the work environment might one day affect the decisions our children might make.

Always do what is right, and you never have to fear. If your actions come into question, you will have no skeletons in your closet keeping you up late at night.  Your reputation and honor will be recognized, and you will never regret choices you’ve made in the past.  It sounds so easy, doesn’t it?  But it can be very difficult to do.  It is often the right choices that are the difficult choices. 

Another important aspect of doing what is right has to do with what we know to be true. I want to note that Schwarzkopf did not say, “do what others think is right”.  You have to do what you know is right independent of what others might think.

When you are leading ten people, there is a good chance that you will get 10 opinions on what the right choice might be in a particular situation. If you’re the leader, then make the decision you believe to be right.  Do not worry what anyone else thinks or says about your decision. 

Become addicted to making right choices. Make it a lifestyle and a habit, and you will be positioned to go out and do great things.

Aaron’s new book, Do Great Things, will be coming in the Spring of 2011

Monday, September 13th, 2010

Aaron Broyles has a new book coming in the Spring of 2011 titled Do Great Things:  Applying Proven Entrepreneurial Methods to Achieve Success in Every Day Life.

Aaron has spent over a decade of research studying the attributes of the world’s most successful entrepreneurs.  He has compiled these findings and coupled them with Christian principles in a powerful formula for achieving great things in one’s personal life.

Great entrepreneurs go where others fear to go.  They analyze risk, think outside the normal parameters of what’s believed to be possible, set and accomplish great goals, create vision, inspire confidence and they get things done.  Entrepreneurs have an almost mysterious ability to achieve amazing things.  Imagine taking these incredible attributes and putting them to work in your personal life.

The book is sure to be an awakening of great things.  Stay tuned for further details on where you can purchase the book!

AaronBroyles.com Launches

Sunday, September 12th, 2010

Aaron Broyles’ new site – www.aaronbroyles.com launches in support of the new book coming in the Spring of 2011 – Do Great Things:  Applying Proven Entrepreneurial Methods to Achieve Success in Every Day Life!