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Been Working On Something Really Cool – Will Soon Enlighten You Further

I’m excited for I have been working hard the past couple of days on something that I think is going to be really cool and that could be of interest for a lot of entrepreneurs and would be entrepreneurs.

I need to do a little more work on this before I can really talk more about it, but do keep your eyes peeled for future update on this.

It should be more than a day or two more then, it should be readily available. Thanks for you patience.

In Wonderland

The Plan For Success System

Running Multitudes Of Businesses – A Challenge For Sure


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Yes, running several businesses all at the same time on top of starting off multiple different projects is definitely a challenge. Spreading yourself thin over many projects all at once is definitely something that can make a lot of things, a lot of your projects, a lot of your dreams go nowhere. However, that being said, you can actually make it happen. It’s not necessarily easy, but with the right focus, tools and people it can be done.

I love to do a multitudes of things. Not just in my areas of interests and hobbies, but also in business. I like a lot of shiny objects that present themselves to me – so to speak. The challenge is of course how to master the in-all-places interests and actually achieve the results you hope and strive for.

One of the best ways to tackle this and your ambition for running multitudes of things all at the same time is to utilize people or teams and tools. The people factor is what you would come to expect hiring the right people for the various jobs at hand. The right people can make it possible for you to achieve the right results. It’s an obvious part of the equation you might expect me to suggest. Finding and getting that perfect right team is a different matter altogether. Not always very easy. Not always without some struggles, set backs and frustration – not to mention pain. Further details on people, hiring people and managing people I will leave for a future discussion. But going back to the other part of the equation leaves tools.

One of the very important tools for running your business – and even more so, running several businesses – is your P&L statement, reviewed on a regular basis, and your budget.

Yet, I’m often astounded by just how many business owners and entrepreneurs I meet on regular basis from all over who seem so unaccustomed to actually placing much effort and attention to this. If you wish to have a lifestyle that will afford you the income gained from running a business (or several) you need to utilize these tools. A budget will show you the viability of your business. Of course your budget can be completely off, but I do not see why it would be extremely off unless you didn’t do your budgeting work decently to begin with. A monthly review of your P&L statement (your profits & loss statement) will tell you if you are on track, lacking or perhaps hopefully ahead. It can also let you know if you need to do some adjustments to the way the business is run (or the way in which your team is running your business).

If you know your numbers well, then you can to a greater extend actually step away from the business and have others take care of most of the operations for you. Why? Well, because if you know your numbers well and you review your business numbers on at least a monthly basis, then you can very quickly access whether you are heading for the results you are striving for. If you are not you should relatively quickly be able to see where in the equation things go wrong and thus find out where it is that you need to address your team’s attention towards.

 

The Plan For Success System

I’m in the midst of finalizing a small program on this exactly topic.

The Plan For Success System

The program was born out of a chapter that I wrote for a great book-collaboration I was invited to do with one of my own mentors, Mr. Brian Tracy. You must know Brian Tracy. If you don’t, you are really missing out. I highly suggest you get acquainted with his material (there is a lot!). The book-collaboration resulted in the book called The Only Business Book You’ll Ever Need. It became an instant best seller on Amazon when it was released earlier this year. Among the other co-authors you find Robert G. Allen, with whom I have also worked and Masterminded and who has a long string of best selling books behind him and who has sold over a billion dollars worth of information products. Yes, that’s a billion with a b. Leigh Steinberg, who is the real life character of Jerry Macguire, portrayed by Tom Cruise in the the film of same name, also contributed to this book. I have had the great fortune of meeting Leigh on a few occasions and he has many lessons to share from his world. My friend Larry “The Connector” Benet is also part of the book collaboration along with a few other very remarkable people that I’m quite happy to be associated with and whose names you may know (or should get to know). In other words, the book is filled with insights from a lot of great people who have achieved much and who have made a remarkable life.

I expect the special program that looks a little further in depth of this particular aspect of running a business to be released within a week, so be sure to keep a look out for it. In fact, may I suggest that you sign up for my newsletter, so I can advice you on its release and/or progression?


Don’t Miss Out On Great Insights

 
 
 

Millions On Automation

I have been very fortunate in attaining a lot of freedom in my life. Freedom especially to choose how I spend my time and it has afforded me with what in my eyes is a dream lifestyle. At first what made this possible was unintentional, but came about as result of buying a business while being employed in another.

Since I did not want to give up my day job and the security of the paycheck of that day job and since the business I bought, was purchased 100% with borrowed money, I did not want to burden the financials of my newly acquired business further by drawing a salary from there, it meant that I had to have other people in place to handle the daily operations of the business while I was tending to my job. You see, while the owner of the company in which I was hired (at the time of purchase of the business I had advanced to the CEO position) it was naturally inherent, that I was not to be paid a salary for the CEO position if I spent my working days engaged in other business than the one I got my pay for. In other words my involvement in my own newly acquired business would have to be left for evenings and weekends (and holidays) and since most of the business’s customers interacted during normal business hours like most other businesses, then somebody else would have to handle the daily interactions.

The cool thing about this was that I inadvertently set myself up in a fashion where I became (close to) obsolete. Now, while that may sound horrible in many people’s ears, then think about it for a moment. Imagine if you could own a business (or several for that matter) and that the business would bring you great results, while at the same time the business had no need or certainly nor requirement from you to be in the business, well, wouldn’t you rather want this so your time could be freed up to explore further or new opportunities? Don’t get me wrong, I understand we all have a need to feel important to some degree and we probably all want to feel that our contribution towards something matters. In the words of one of my mentors, We All Want To Matter. But it is probably also the case, that if you managed to get to the point of acquiring a business, then you are probably also at a point in which you can contribute and matter without necessarily having to engage yourself full time in the operational side of the business. Instead you can promote yourself to the Chairman of the company and contribute to the company with your strategies, visions and experience and help direct the business on its path towards your goals for same. Or perhaps you can actually contribute on an even greater scale elsewhere, perhaps in charitable efforts.

Fact of the matter is, that you more than likely will be needed to some extend if you wish to obtain the right results and especially if you do have a vision for where you want to take the business. But the difference truly is that you can be in a place where you can work on the business rather than in the business. To me working on the business in so much more fun than working in the business, pretty much regardless of what the business is. And like I said, this set up can put your in a possible position of more freedom than you could ever have by working in the business.

I know what I prefer. Do You?

 

I have been invited to another book collaboration. This time it is with the famous multi-bestselling author Robert G. Allen, famed for highly successful real estate business, most notably utilizing no-money down purchases of real estate, his many books on same and on multiple streams of income, his teachings and his infopreneurship. Along with Robert G. Allen and me will be a number of my Mastermind colleagues who are all successful entrepreneurs, but from very varied backgrounds and businesses. The book is destined to be very interesting and will probably give us all some great insights that we can learn from. The book is due out in the fall of this year, but you can get a little preview of the topic on which I believe myself to contribute with by reading this article: Millions On Automation