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By admin on March 21st, 2012
“Ric Elias: 3 things I learned while my plane crashed”
Please watch this video – it just might change your life to the better!
Author Archive for admin
By admin on March 14th, 2012
The Average Mutual Fund Investor Has Done WHAT?
How do you think the average mutual fund investor does with his/her investments over time compared to the market as a whole over the same time frame? Well, this is a shocker… This is exactly what the Dalbar Study measures. They measure the results of the market annually (S&P500) with the average results that individual [...]
By admin on March 11th, 2012
“If I Had My Life To Live Over”
Here is a special poem that Stephanie from WealthClasses wanted to share with everyone. If I Had My Life To Live Over by Erma Bombeck The following was written by the late Erma Bombeck after she found out she was dying of cancer If I had my life to live over, I would have [...]
By admin on March 05th, 2012
How To Do ANYTHING Better!
If you could implement ANYTHING you want better, what would it be? How about making a list of things you want to improve? It could be business, investing, personal life, anything you want. It turns out there’s a scientific way to make sure you do anything better, called the Plan-Do-Check-Act Cycle, or PDCA Cycle (it’s [...]
By admin on March 01st, 2012
The Greatest Real Estate Investing Book Ever Written?
Many of you that know me know that I hate these “get rich quick” schemes out there. So the next few sentences might appear like that, but just keep reading, you’ll understand Many years ago, an employee working for a telephone company became a millionaire investing in real estate part time. He ended up writing [...]
By admin on June 12th, 2011
Power Interview: Michael Linenberger
An Interview with George Antone & Michael Linenberger MASTER YOUR WORKDAY NOW! Proven Strategies to Control Chaos, Create Outcomes and Connect Your Work To Who You Really Are!” Workday Mastery is that feeling and knowledge that work is flowing smoothly, that workday chaos is a thing of the past, that your goals are clear and [...]
By admin on May 13th, 2011
Phase II: Launching Your Business (Part 4)
In this post, I’ll be talking about Joint Ventures. Joint ventures and strategic alliances can provide businesses with new revenue channels, and often, and anchor to maintain stability in the market. Before we jump into filling this worksheet, let’s talk about why you might want to consider joint ventures. It really boils down to a few simple [...]
By admin on May 06th, 2011
Phase II: Launching Your Business (Part 3)
In this post, I’ll cover Distribution Channels. I’ll keep it brief since I’ll be asking you to read a book on this topic. Depending on the business, you probably need to get a product to market. Distribution Channels explains how to get products and services to market through the various methods (we call channels). Each [...]
By admin on April 29th, 2011
Phase II: Launching Your Business (Part 2)
You probably have an idea of what you might want to name your business. However, we’ll go through the process of naming the company in this post. This is step 1 of Phase II. You will need some trusted partners/people to do this exercise. You will also need a nice big white board if possible, [...]
By admin on April 22nd, 2011
Phase II: Launching Your Business (Part 1)
Congratulations! You have made it this far. Looks like you’ve got a pretty good idea. In Phase II, we start building the foundation of the business. This phase is mostly preparing paperwork. It is important to remember that we are trying to build a business here as opposed to be self-employed. There is a big difference. [...]
By admin on April 15th, 2011
Phase I: Launching Your Business (Part 10)
Finally, we are almost done with Phase I. Remember, Phase I is meant to develop the idea and make sure it makes sense. By now, if you are still working through this, then your idea might have something interesting. Many ideas are filtered out through the steps we have covered so far. In this last [...]
By admin on April 09th, 2011
Phase I: Launching Your Business (Part 9)
Okay, we are almost done with Phase I. Now, I’ll cover Risk Management. In this step, you will identify all risk factors, mitigation and contingency plans. You have to be as comprehensive as possible. Make sure to list the obvious risks as well. Create a worksheet with 3-columns. Use the following column headings: “Risk Factors” “Mitigation Plan” [...]
By admin on April 02nd, 2011
Phase I: Launching Your Business (Part 8e)
Almost there…. We are at the last section of step 8 in our Phase I. We are still working on out “Financial Analysis.” So at this point, you have identifies the one-time startup costs, the first 90 days ongoing expenses, your monthly burn rate beyond your first 90-days, and finally your income streams. Now, you [...]
By admin on March 27th, 2011
Phase I: Launching Your Business (Part 8d)
In this post, I’ll cover income streams (or revenue streams). Step back and identify all income streams in your business. Furthermore, identify characteristics of each income stream. It is important you understand the income streams and the overhead of each stream. Round 1: Document these income streams. Add an explanation next to each. Complete this [...]
By admin on March 20th, 2011
Phase I: Launching Your Business (Part 8c)
Last post (part 8b), we covered our Startup Cost and Monthly Cost for the first 90 days. Now we need to get an idea of our ONGOING monthly cost beyond the first 90 days. This is out “Monthly Burn Rate.” It’s very important you have an idea what that might be. Make sure to include [...]
