Simply put, you don’t have to be hugely talented to do very much.
The rich, and the New Rich especially, are among the least talented. Accumulating money is actually pretty simple, you sell, they buy. Then once you get past that, you want to step it up a bit. You sell a lot, they buy a lot. They’re happy, you’re rich.
The Excuse(tm), Do You Make This Mistake?
I’m too short, too tall, too old, too young, not enough school, I don’t have a CPA, I don’t have enough time, I wasn’t born rich, I’m happy this way, I’m not sure/undecided, blah blah blah!
The guaranteed method to cut off all forms of prosperity from your life is to kill it before it even has a chance to grow. Another way is to put it off until you either die or the opportunity passes you bye.
5 Sure-Fire Attitudes To Guarantee You Die A Slow Death And NEVER Get Rich:
1. You need to have some grandiose idea that sweeps the world by storm!
If this isn’t the dumbest attitude about business ever, I don’t know what is. So much time, money and energy is WASTED by trying to invent some useless product that should be a no-brainer for everyone to buy, of course, “because it’s MY product, and my products have special magical powers that outsells everything out there.” This is such BS and it frustrates me when I see people pouring themselves into creating an amazing product that really doesn’t have any market value.
I’m sad to say it, but these people really aren’t entrepreneurs. They’re inventors who have a passion for building, publishing, baking, etc. They have unconditional love for their work, but don’t understand that not everyone is going to recognize their product’s value in the same way that they do.
They’re inventors, posing as entrepreneurs, pitching an inventor’s unconditional love for their BABIES to investors who expect an entrepreneurial valuation. Two different people, in two different worlds who speak different languages.
2. ASSuming the value of a business before it even has a chance to grow.
If your business worth $500,000? Is it worth $1 Million? $10 Million? There are several ways to valuate a business. It’s probably a good idea not to valuate a business on your own, at the very beginning. “This is too much like asking a mother how talented her child is.” says Susan Ward.
3. You need to be smart and talented.
I don’t know any really really smart business owners. Like, people who have an IQ of 170 and have 2 PhDs, an MBa, CPA and every other degree under the sun.
Most business owners need to be smart in a few specific, critical areas. The first is being able to handle and lead people. Being able to influence a sale to strangers. Pushing themselves to do things “smart” people are often too scared, or too smart, to do. It takes a unique view of the world. It takes persistence, guts, and courage. Emotional strength as well as physical. Being able to spot opportunities and handle failure.
Yes, the “talented” people often coast on their talents. Not feeling they need to develop themselves. Don’t make this mistake. No top performers have ever coasted without a good reason.
4. It Has “Great Potential!”
In an entrepreneur’s world, if it doesn’t make money, it’s not a great idea. I’m either making money or losing money. Potential is overrated. Everything has potential, few things actually sell. Few business actually get going because the owner gets frustrated when they don’t get rich overnight. When everyone doesn’t grab up their product. Potential is what it is, it’s just THAT. It’s like energy in dead wood, you need to light a match to get a fire going. If you don’t get the fire going, the energy alone won’t do anything.
5. Being Attached To Idea Like A Third Arm, Never Letting Go.
Let’s face it, some businesses are never going to go anywhere. They’re either marketed wrong, or there’s just no need for the product. I don’t buy things I don’t need or want.
Some products you can’t give away. When this happens, drop it like a hot coal, throw it away, tare it up, forget about it, erase it from your memory before you waste any more time on it. We know it’s your baby. You’ve raised it, you’ve put in the hours, sacrificed for it, dreamed about it…and NOW…it’s like a dead fish, you try to revive it, but you need to face the truth, it’s dead. Fry it up and eat it.
The Lazy Man’s Way To A Business That Works: Leave Your Ego At The Door
Let’s get something strait. You’re business is not your baby. Your business is not a work of art or a keep sake you keep in a hope chest for fond memories.
Your business is NOT a “sure-thing.”
Rather, treat your business like these two things: Your business is like a relationship. There needs to be the love, the passion, the attraction(feeling good about what it has to offer) and it requires commitment and energy. But eventually if there’s just no way that it can work out, you have nothing else to do but to end it, turn around and get on with your (career) life. There’s always something much better out there.
Another analogy that is perfect for business is that your business is like a vehicle. It’s good as long as it gets you there, doesn’t cost too much to maintain, and is relatively safe. A vehicle is only good until it’s outlived its years and has given all it can give. Maybe you get into an accident and the vehicle gets totaled–it costs too much to keep and get repaired. Maybe it’s time for a new one. What ever the case, you can always have more than one vehicle…just as many as you can handle.
The lazy man’s way to success in business is building businesses that you can turn on auto-pilot. You can create or buy multiple auto-pilot businesses and have multiple business incomes.
The lazy man’s way to business success is to stop stressing about who’s business it is, how it works, who gets what, etc and to copy and model other successful business entrepreneurs who have been there done that.
I don’t care about great ideas, or product or inventions. I love ideas that make money. I want to build businesses. And in business, I’m only concerned with what works. Because business is where the cash is at. Cash is where the lifestyle is. If you want to create lifestyle you need cash. The best vehicles for creating cash are businesses.
The real entrepreneur knows he doesn’t have a lot of time on earth to accumulate wealth and build successful businesses. He doesn’t stress about ideas with great potential or get over attached to a business he put his heart into. To the real business entrepreneur, money is money, value is value and a business is only as good as the value it creates and the money it makes. Successful business people are copy cats, they leverage other people’s experiences and failures to learn what to avoid. Poor business people are trying to come up with original ideas and methods for getting to success, that way they can brag about how they did it alone. Real business people understand the power of leadership, leveraging and OPT, OPM–other people’s time, other people’s money.
Maybe it’s just me. I don’t know. Maybe I’m lazy because I don’t want to spend 10-20 years creating one business. There are way too many books, speakers, role models, coaches who can teach me how to do it in half the time. It just doesn’t seem fair not to take advantage of that fact.
John C. Maxwell, one of the world’s experts on leadership, says that strong teams compensate for individual weaknesses. Everyone has special strengths and talents. But no matter how talented we are we’ll always have weaknesses. A strong team goes through self-assessment and finds strong points in the their team members. They then coordinate and use these strong points to compensate for members with weaknesses. For example, a web design firm would assign technical tasks to people are gifted in technical areas, presentations would be given by people who are gifted at presenting, design would be given to people who are good at design, etc.
