Episode #82 – Reaching The Peak Of Your Performance with Thor Conklin

Motivation & Digital Marketing Solutions for Startups

In this episode, I chat with Thor Conklin of Peak Performance Group about his experiences in entrepreneurship. We have a very rich conversation about execution and where most startups miss the boat on this. This was a seriously good episode and we both had a great time recording it. Thor shares 3 tips for striving for your peak performance. No serious business owner should miss these insights. Check it out!

Conversation Notes from this Episode

  • Most people fail to execute because they fall in love with their product, but forget the other key components.
  • In any new business there are several key positions that need to be filled. They can be filled with others or yourself, but you have to be successful at all these components:
    • The visionary
    • Someone delivering the product/service
    • Selling/marketing
    • Finances
  • You have to have someone who understands the books and the finances or your business will never make money.
  • Remember just because you have a great product/service does not mean it will sell itself. There has to be someone handling the sales component.
  • It is important to remember you have to play to your strengths. If there is an important area you are not strong at, you need to bring in someone who is.
  • It is generally the psychology that gets in the way, not the lack of knowledge.
  • Businesses only go out of business for one reason… they are out of cash. Treat cash like it’s gold.
  • The biggest mistake many companies make is they throw money at issues vs. trying to fix it as cheaply as possible.
  • It is important to pay yourself first. Factor in X percent for profit, taxes and then expenses.
  • Three tips to get to your top peak performance:
    1. Ultimate success map that he got from visiting the Atlanta Airport.
      • F- Figure out what you want
      • E- Efficient/effective plan
      • D- Make a decision
      • B- Belief systems
      • A- Take massive action
      • A- Accountability, find someone to hold you accountable.
    2. It is important not to try to systematize and automate everything. We lose touch with our base this way.
    3. Do not lose the connections and relationships. There is no replacement for human interaction. Pick up the phone and call your customers. Just talk to them.
  • Every day ask yourself what are those things that are really top of mind and draining energy and focus away from things. If it takes up all your mental energy, it is affecting the other areas of your life.

Free Gift for Inspire Nation

Anyone who sends an email of 50 words or less to thor@thorconklin.com about a problem you are struggling with and cannot resolve, Thor will send you back a 4 step process on how to resolve your problem.

About Thor

Thor Conklin is an Entrepreneur, Profitability Consultant and host of his daily podcast, Peak Performers Podcast. 2017 marks his 17th year as an entrepreneur. The first company Thor created was a global risk management consulting firm that served the private equity community. His top 15 clients had a combined revenue of $12.7 billion USD and operated in over 100 countries worldwide. His background, in risk management, served him well when he lost 1/3 of his team, in the World Trade Center attacks, on 9/11. Since that time, he has started, bought and sold several multi-million dollar businesses making him a sought after, cross-industrial resource for entrepreneurs and executives in all stages of business.

Thor has a talent for slicing through the noise of every day distractions and bringing his clients and audiences intellectual commodities like his: “Ultimate Success Map”, a simplistic, easy-to- follow guide for individuals who need to break through to the next level of achievement.

96% of business fail within 10 years. The ONLY reason they fail is lack of Profits. Of the 4% that do survive, many only produce enough profits to break even, pay the owner a meager wage or provide shareholders below market returns. Mr. Conklin’s extensive background and expertise allows him to not only identify the specific profitability killers that are siphoning off profits but work with the business to fix them. Despite the leader’s best efforts, many business owners and executive cannot see these profitability killers as they are too close to the company.

Thor’s gritty, no nonsense and direct approach uncovers the real truth about what is holding people and organizations back from realizing their full potential. He can illuminate even the most successful and confident leader’s limiting beliefs. He is known as the Accountability & Execution Guy.

Through his latest venture, Peak Performance Group, he teaches the tools, tips, tricks, psychology and strategies necessary to be a Peak Performer. He qualifies the psychology of success in one word: “Execution”! “Nothing you’ve learned matters – unless you can EXECUTE”!

 

Website: www.ThorConklin.com

Email: thor@thorconklin.com

Facebook: https://www.facebook.com/Thor.Conklin

Twitter: https://twitter.com/thorconklin

LinkedIn: https://www.linkedin.com/in/thor-conklin-9b2b087?trk=hp-identity-name