Some of you may have read recently that Adcom, the advertising agency my father had founded in 1972 (44 years ago, even older than me!) is being applied to be wound up by SPH after failing to pay $1m in debts.
Not many companies are able to last for more than 10 years. For Adcom to have prospered and survived for 44 years (overcoming more than 5 major recessions is no easy feat). My father was one of the best bosses I know. He always empowered his staff to be the very best they could be and always conducted himself with the utmost integrity and honesty. These traits, I picked up from him.
In its glory years, Adcom ran some of the most famous advertising campaigns in Singapore… AIA Trust Campaign, the M1 Launch and building the M1 brand and many of the Ministry of Family and Social Development Family campaigns in Singapore (encouraging Singaporeans to get married, start a family etc…)
Although I was very proud of the business he built, my passion was in trading stocks and children’s education and building my own company (Adam Khoo Learning Technologies Group). Maybe if I had helped him to run his business instead, things would have turned out better. That is a regret I would always have.
Sadly, after many of Adcom’s recent clients failed to pay up (they closed down because of tough times), Adcom incurred bad debts of over $4 million dollars. The funny thing is that when the company’s clients do not pay, Adcom has to still pay SPH for the bill of $4m++… The clients get away scot-free… that’s just how it is.
I have seen my dad having to take millions of dollars of his own money to pay up clients’ debts over the years and having to sell properties to cover the bill. Although it no longer made sense to keep the business running, my dad kept it going for the sake of giving the staff a job (many have been with the company for 10-20 years) and paying back the debts slowly.
Then early this year, SPH decided not to give any more credit to Adcom. With Adcom having no more financial resources to keep going, and not being able to take on any more clients without credit facilities, the painful decision was made to let SPH wind up the company. Although my dad can afford it, I don’t think it makes sense for him to keep paying off his retirement savings into a business that is no longer viable. It is sad that something that is 44 years old has to come to an end but that is how life is. Nothing lasts forever.
I don’t know what SPH has against me but they decided to report that Adam Khoo’s company was being sued for $1m , knowing full well that I do not run Adcom at all (though I am technically a director and shareholder). Maybe it’s because I am well-known and they want to embarrass me so that my dad will pay their debts. Maybe they want to create conflict between my dad and me. Well, that will NEVER HAPPEN. I love my dad and am very proud of him and what he has accomplished as a businessman and I owe everything I have to him. For all the friends and students who have been calling me to ask me how I am, I thank you for your care and concern. I love all of you!
Some of you may have read recently that Adcom, the advertising agency my father had founded in 1972 (44 years ago, even older than me!) is being applied to be wound up by SPH after failing to pay $1m in debts.
FLIP THAT SWITCH: How to Overcome those Crippling Doubts and Go for Your Goals with 100% Confidence and Focus
Dear friend, have you ever set a goal but fell short of achieving it?
Have you wanted to ask for a pay raise or go for that career switch, only to back down last minute because “I’m not good enough”, “What if I get rejected?”
Have you aimed to break your sales target or win that top award, only to be pulled back by that little voice saying “I can’t do it”?
Have you ever got all fired up to start that exercise or diet routine, only to give up the next day because “It’s too tough”, “I’ll start tomorrow”, “Let me indulge one last time”?
You are not alone.
You see, many of us started out with exciting dreams and goals.
We aimed to perform at our best, challenge our limits, pursue our dreams and make our lives better.
But sadly, many of us ultimately resign to an average life because, somewhere along the road, we stopped believing we have what it takes to succeed.
As we faced criticism from our bosses, pressure from co-workers, rejections from clients, discouraging words from our family… we started to settle for less and lose sight of our goals.
Worst of all, we let ourselves drown in motivation-killing thoughts like “It’s too late to try”, “I’m not talented like him”, “I don’t have enough time”, “It’s too hard”.
These negative self-talk don’t empower us — they only reinforce the false belief that we can’t do it.
Truth is, the only thing stopping us from achieving our full potential is ourselves.
It’s all in the mind.
Now, imagine if you could “FLIP THAT SWITCH” and transform all your limiting beliefs, fears, doubts, worries, insecurities… into POSITIVE, POWERFUL affirmations for yourself and your goals.
How much more do you think you can achieve?
This powerful, mind-opening technique is exactly what my students and I use to turn all our life’s obstacles into opportunities, every day.
Many people look at me and say, “He’s brimming with confidence.” “He’s a natural speaker.”
But do you think I was born confident? Born with the ability to inspire thousands on stage?
In fact, I still feel nervous and break out in cold sweat every time I need to speak before thousands.
The difference is that I’ve mastered the skill to instantly turn my stage fright into overflowing confidence at a snap of my fingers.
I’ve mastered the skill to quickly convert all my self-crippling thoughts like “What if they don’t listen to me?” “What if I forget what to say?” into empowering ones like “I’m nailing this speech!” “I’m inspiring more lives tonight!”
And I’m going to show you how you can do the same for yourself to overcome the fears that hinder you and GO FOR YOUR GOALS with laser-focus and conviction.
So if you are tired of shortchanging yourself and believe this can be the spark to inspire change in your life…
I invite you to come for my upcoming FREE Patterns of Excellence workshop where I’ll share with you the powerful, life-transforming strategies my students and I use to create breakthroughs in our everyday lives.
In my Patterns of Excellence (NLP) training programmes, I demonstrate to people the power of our thoughts and our words. When you use empowering words like ‘I will DO my best’, it increases your personal power and generate powerful emotions that drive action. When you use lousy words like ‘ I will TRY my best’, it zaps away your power and your energy diminishes. Successful people have the habit of using words like ‘ I will DO my best, I LOVE what I do, I have lots of CHALLENGES’. Unsuccessful people program themselves to fail by using words like , ‘I will TRY my best, I HATE my work and I have lots of PROBLEMS’.
I also demonstrate the power of THOUGHTS. In the training, I show people that by thinking positive thoughts and sending the thoughts to someone else, that can literally empower the person and increase their energy and power. At the same time, when you think negative thoughts and send it out, you can destroy another person’s energy and power.
Thoughts are so powerful that they not only alter your energy (aura) and emotions, they can even alter your biochemistry and DNA at a cellular level! Watch this video on how sending powerful thoughts can even cure a person of diseases like cancer!
So, be careful about the thoughts you think everyday. Not only do your thought alter your emotions and behaviour, your thoughts alter your DNA as well. This is why people who are always thinking negative tend age faster, become physically less attractive (permanent scowl on their face) and get sick more easily.
People who focus only on thoughts of love, gratitude, happiness and forgiveness, keep looking young as the years pass, have high immunity against sickness and look more attractive as they age.
I brought my kids to watch Kung Fu Panda 3 last night and this was my favourite quote by Master Shifu. This was the exact same advice my mentors gave me when I was young
I was told, ” Adam… If you want to be exceptional, you must set goals that you know you CANNOT achieve with your current capabilities!” When you set such big goals, it will force you to raise your capabilities and grow out of your comfort zone”.
If you only set goals that are easy and goals that you know you can achieve with your current level of capability, your capabilities will always remain the same. You will only become mediocre in life!
This is why I have always set big and crazy goals that I never knew how to achieve like “becoming a best selling author”, “making a million in the stock market” and “building a multi-million dollar business”. This forced me to build myself and knowledge UNTIL I made it a reality. So can you!
Whenever I encourage people to attend my seminars on personal development, leadership training, NLP or financial mastery, there will always be some people who tell me, ” I don’t need to change. I am happy with where I am. I am comfortable. I already know everything”.
While I respect their decision, I cannot help but fear for their future. I know for a fact that when someone has a mindset of not wanting to constantly learn and improve, their job, income, business and happiness will soon be taken away.
We live in times where the world is changing so fast. The moment you stop growing, you start dying. The moment you stop climbing, you start sliding. It is impossible to maintain the status quo. The only constant is change itself!
In my company, my CEO and I constantly push our colleagues to aim for constant growth and to keep innovating newer and better strategies. To enter new markets and reach more people. Some staff have asked me, “we are already the market leader, why are you still pushing for us to grow even more? Why can’t you be satisfied? Again, I know the moment my company stops growing, it will start dying and be replaced by competitors who are faster and hungrier.
The Demise of Nokia: “We Didn’t Do Anything Wrong”- Nokia’s CEO
One of the most powerful lessons to learn is from the demise of Nokia. Recently, after falling by 99% in market value, Nokia was bought by Microsoft. During the press conference to announce Nokia being acquired by Microsoft, the Nokia CEO ended his speech saying this “we didn’t do anything wrong, but somehow, we lost”. Upon saying that, all his management team, himself included, teared sadly.
In the beginning 1990-2012…
Nokia was one of the largest company in a world . It was the world’s largest mobile phone manufacturer
with 80% Market Share. The company’s share price was $42 and was worth €250 billion. Nokia was a respectable company with good managers who did their jobs well. Unfortunately, doing a good job and maintaining the status quo is not good enough today.
Nokia’s leaders did not learn, innovate and change fast enough. They were unable to foresee the rapid changes in the mobile phone industry brought about by Apple and Samsung, 2 companies that did not even sell phones a few years ago. Apple and Samsung were much faster in learning and changing with the new trend.
Very quickly, iPhone and Galaxy starting overtaking Nokia in mobile phone sales. From 2011 -2013, Nokia fell from #1 to #10 in smartphone sales. Their market share fell from 80% to less than 3%.
Their share price falls from $42.50 to $2.50 and thousands of hardworking employees lost their livelihood. By 2013, Nokia’s market value had fallen 99% from €250 billion to €3.79 billion.
Nokia didn’t do anything wrong in their business, however, the world changed too fast. Their opponents changed too fast. They missed out on learning, changing, and thus they not only lost the opportunity to succeed, they lost their chance of survival.
If you too don’t change fast enough, you shall be removed by the competition.If your thoughts and mindset cannot catch up with times, you will be eliminated. Those who refuse to learn & improve, will definitely one day become redundant & not relevant to the industry. They will learn the lesson in a hard & expensive way.
Another Lesson from Disney?
Laid-off Disney worker forced to train the foreign worker who replaced him
Another very sad story I read recently was that of a Disney IT employee who was told shortly before the holiday season that he was being replaced by a foreign worker despite his excellent work review. He was also told that he would have to train his replacement to receive his severance pay.
He broke down as he described the moment he had to tell his children they could not buy Halloween pumpkins because he was losing his job. Did Disney have to retrench him because they were losing money? No. Disney just announced record sales and profits. They retrenched him because they could hire someone cheaper, faster… leading to more profits for shareholders.
While it is terrible what Disney did and we can choose to blame these rich greedy corporations all we want, the important lesson we need to learn is to ensure this NEVER happens to us. Whether we are entrepreneurs or employees, we need to constantly learn, unlearn, relearn. We need to constantly grow and change with the times so NOBODY can replace us with someone cheaper and faster!
Instead of choosing to be the victim and blaming government, corporations and foreign labour for taking away our jobs, we need to choose to take responsibility as a leader to ensure we never become redundant and obsolete.
Have you ever wondered why some people are constantly plagued by negative thoughts and experience limiting emotional states like depression, procrastination, doubt and laziness daily? They may be talented and intelligent people but every time they attempt to achieve their goals, they start to lose focus, procrastinate, fail to follow through and give up. Have you experienced this yourself? I know I have in the past!
Successful people are able to bring out the best in themselves and achieve their goals because they are constantly driven by positive thoughts and powerful emotional states like passion, enthusiasm, confidence and motivation. No matter how hopeless or bad the situation may seem, they are able to reframe their minds to see solutions and opportunities. No matter how many times they get rejected or how many times life knocks them down with failure, they keep coming back with more determination and excitement than ever before. You know that it is not the events around us that determine our success or failure. Rather, it is how we respond to those events that determine whether we come out a winner or a loser.
Once I learnt how to program myself for wealth and success, I saw the dramatic changes within myself and started achieving my goals so much more easily… from topping the National University of Singapore, to Building a Successful Business and becoming financially free.
If you are the first kind of person who constantly experiences and attracts negative thought and events in your life, it is because you have PROGRAMMED your mind to be that way. That’s right! If you are constantly broke, it is because you have programmed yourself to be broke. If you are constantly attracting wealth, it is because you have programmed your mind to be rich. If you are constantly happy and cheerful, it’s because you have programmed yourself to be happy. if you are constantly depressed and angry, you too have wired your mind to be that way.
One way many people program themselves for failure is through COMPLAINING. Complaining literally re-wires your brain for failure and conditions your body for ill health! Let me explain how this works. Our brain is made of billions of brain cells called ‘neurons’. Every time, we have a thought, electro-chemicals are transmitted from one neurone to another over a ‘bridge’ known as a ‘synapse’.
Every time this electrochemical is transmitted, the synapses grow closer together in order to decrease the distance the electrical charge has to cross. Our brain rewires its own circuitry, physically changing itself, to make it easier and more likely to think that same thought in the future. In other words, having a particular thought makes it easier for you to have that thought again.
The more you complain and think negatively, the more likely your mind will think negative thought in the future, Not only do repeated negative thoughts make it easier to think yet more negative thoughts, they also make it more likely that negative thoughts will occur in your mind randomly.
When your brain is firing off these negative thought patterns, your brain release a chemical known as ‘cortisol’ which weakens your immune system, resulting in memory loss, increased blood pressure and greater likelihood of heart attack and cancer. So complaining literally kills your mind and your body! The complete opposite happens when you think of positive thoughts like love, gratitude and happiness.
The good news is that you can learn how to re-programme your mind easily with the right NLP (Neuro-linguistc Programming) and Success Condition strategies. Over the last 15 years, I have been helping thousands of people from all walks of life develop the mental patterns of excellence through the Patterns of Excellence Program and through my book, Master Your Mind, Design Your Destiny.
Gratitude Attracts Greater Abundance
“Nothing new can come into your life until you are grateful for what you have.” – Dr. Michael Beckwith, Agape International Spiritual Center
Besides just making us feel good and positively improving our health, having an attitude of gratitude actually attracts greater success and abundance into our life. How does this work?
Every thought we have is a quantum of energy that vibrates at a particular frequency. Negative, pessimistic and unhappy thoughts vibrate at a much lower frequency as compared to positive, happy and optimistic thoughts.
Since all matter in the universe is actually made up of vibrating atoms at the quantum mechanical level, our thoughts actually attract and shape the kind of people, object and events we experience in our lives. In my ‘Patterns of Excellence’ seminars, I demonstrate to the audience, to their amazement, how our thoughts actually travel and affect the people around us.
We tend to attract events and people that vibrate at the same frequency as our dominant thoughts. Simply put, if you constantly have positive, happy and grateful thoughts, you tend to attract even more happiness, abundance and positive circumstances into your life. You get more of what you focus on. This is a universal law of life. At the same time, if you always focus on lack and what you don’t have, you tend to attract more lack and more of what you do not want.
The Destructive Power of Ingratitude
The sad thing is that there are many people in life who have not learnt how to feel grateful for what they have. No matter where they are or how much they have achieved, they stay focused on what they lack or only on what doesn’t meet their expectations. As a result, they never allow themselves to feel good inside.
That’s crazy! Doesn’t it defeat the whole purpose of living our life and pursuing our goals? Isn’t our ultimate aim to experience the joy and fulfillment of living life?
We often read of people, like celebrities and millionaire CEOs who seem to have it all (i.e. money, power, fame, relationships etc…) but who are suffering from depression. As a result, they manifest physical illnesses like anxiety attacks, cancer and heart disease. This is because negative, angry, worried, hopeless and pessimistic thoughts activate our right pre-frontal cortex and flood our body with the stress hormones that depresses our mood and suppresses our immune system.
No matter what they have attained, these people feel that it is never enough for them to feel good inside. As a result, they find themselves having to turn to drugs, alcohol or food to fill the emotional pleasure that they lack. This in turn leads to even more emotional and physical problems.
The worst thing about it is that the more you focus on what you lack, the more lack you tend to attract into your life. When you don’t feel grateful for what you have, you are sending a message to the universe (or God) that you don’t deserve to get more of what life has to offer. When you are in a negative emotional and physical state, you will not have the passion and physical energy to notice and pursue the abundance of opportunities around you.
“Gratitude unlocks the fullness of life. It turns what we have into enough, and more. It turns denial into acceptance, chaos into order, confusion into clarity…It turns problems into gifts, failures into success, the unexpected into perfect timing, and mistakes into important events. Gratitude makes sense of our past, brings peace for today and creates a vision for tomorrow.”
—Melodie Beattie, Author of ‘Co-dependant No More’