"Experience is a hard teacher because she gives the test first, the lesson afterwards." - Vernon Sanders Law
Doing due diligence is something that is usually spoken about in regard to investing, buying companies, finances and that sort of thing. But there's another area that must not be overlooked - doing due diligence on yourself.
I first spoke of this particular concept a few years ago at an international conference. Many people in attendance were investors of various levels - both in the amounts they invest and the success they have had.
Several of the attendees asked me questions regarding their strategies about investing. They had followed the plans laid out by the "experts" yet hadn't received the results.
Not being a financial "expert", in the terms they were talking about, I gave them an answer that surprised them.
"When you did your due diligence on the investments, did you also due your due diligence on yourself?" I asked.
A few jaws dropped, one person said he's already "on top of his game" (he didn't last), and most had no idea what I was talking about.
Doing due diligence on yourself means knowing what your internal settings are. Understanding all the goings on in your mind, what your habits are, the things you focus on, how you focus on them and in what direction you are placing your energy.
It's making sure you have a vision in place and the beliefs to support that vision.
It's conditioning your mindset by proper communications with yourself and keeping yourself in good communications with others.
It's seeking the right knowledge to move toward your goals and then setting an example by your leadership.
It's taking action and pursuing your dreams with passion, and being sure to contribute - giving something back.
That's due diligence - at least in my not so humble opinion.
By understanding the points I've just mentioned you'll have a foundation from which to build a new self-image - which was the reason I gave to those who asked on why they weren't reaching their investment goals. They hadn't set their internal levels to allow them to reach that desired level of financial success with their investments.
It isn't really that simple, or is it? It's your choice on how you approach the remainder of 2011...that choice is uniquely yours.
The best is yet to come!