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The Advice That Changed One Entrepreneur's Life: 'Being Comfortable Is The Enemy'

The Advice That Changed One Entrepreneur's Life: 'Being Comfortable Is The Enemy' | TheBottomlineNow | Scoop.it
Sara Rotman turned a fashion advertising business run from in her living room into a $90 million company. She learned that business owners need to stay hungry.
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HardWorkIsHighlyOverated: Do You Want To Be Rich Or Just Not Broke

HardWorkIsHighlyOverated:  Do You Want To Be Rich Or Just Not Broke | TheBottomlineNow | Scoop.it

You know I have a few friends that it has occurred to me that really don't want no money.  They say they want some money but their actions don't say the same thing.  Actually their action say" I just don't want to be broke.  As a matter of fact, why don't you get rich and I'll become your consultant on how to spend your money."  Now they may fool you into believing they want some money because they are constantly telling folkes how hard they are working (be careful with this one because different people have different definitions of work.).  But the way I know that they really don't want no money is they are not willing to sacrifice whatever they feel is their comfort zone (their bills, their vices, their whatever, their job ect).

 

So to get rich you have to strive for huge risk to get huge returns.  The wealthy realize this, that's why they created a savings system to take those risk with your money from your labor (oh my bad , you weren't  aware of this).  Now there's nothing wrong with this strategy, what's wrong is that most people are not aware of this strategy.  So while many work very hard to accomplish something for themselves and their families, by them not being aware that this is a strategy they really only accumulate wealth for other to take advantage of opportunities hoping that the wealthy will be nice enough to share in the winnings (yeah right).  Folkes it don't work that way.  if the wealthy hit a lick (make money) usually the only ones who will be rewarded will be their inner circle.  But you always are welcome to put more money in their institutions while they wait on the next big thing with money from your labor( I wish I could get in a game where someone pays me for 30 years to rent my money.  The banking system, you see what I mean).  Also while you are supposedly earning interest on you money, quietly inflation, taxes and fees eat away at your principle (not good).

 

So now that you are aware, what's next?  Good question.  The answer focus and learn.  Entrprenuer be mindful of what is the most key term to an investor.  R.O.I. return of investment.  Basically how long will it take to get my money back and what will be my return.  Be mindful some wealthy people have no problem giving the financially unaware money, the financially unaware can't wait to put it back in the system.  If the investor can get his money back in a timely fashion and at a healthy return (most investor are real happy to see a 15% turnaround quartetly (every 3 months). Real happy.  Example: $10,000.00 @ R.O.I. of $1500.00 per quarter non taxible (That's $500.00.00 per month) and you handle the taxes, you are their best friend.  So be aware decide if you want to be rich or you just don't want to be broke.  Being rich will probably make you feel a whole lot better.  Remember "If you knew better you will do better."

 

I'm ReggieRedd and that's #TheBottomline

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32 Ways To Quickly And Easily Improve Your Life

32 Ways To Quickly And Easily Improve Your Life | TheBottomlineNow | Scoop.it
Lessons from science....
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NEWSFLASH: You Will Never Get Really Rich Working For Someone Else

NEWSFLASH: You Will Never Get Really Rich Working For Someone Else | TheBottomlineNow | Scoop.it
An IRS study shows how wealthy people make their fortunes, and it's not by sitting at a desk.
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The Two Key Questions for Success

The Two Key Questions for Success | TheBottomlineNow | Scoop.it
Connie Podesta has worked with hundreds of organizations to open more effective lines of communication.
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Mark Cuban: Outwork and Outlearn Your Competition

Mark Cuban: Outwork and Outlearn Your Competition | TheBottomlineNow | Scoop.it
The billionaire tech entrepreneur and popular 'Shark Tank' star on working hard and finding success.Get the latest blog articles on business ideas...
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TheBottomineNow: Organized Time = Organized Dimes (Control your time)

TheBottomineNow:  Organized Time = Organized Dimes (Control your time) | TheBottomlineNow | Scoop.it

Where you put your time is key in becoming an entreprenuer.  There's only 24 hours in a day.  I got a saying that goes, "You have 8 hours to work and 8 hours to sleep.  What you do with those 8 hours in between will determine your wealth.  If you work 8, play 8 and sleep 8, then your just going to make enough to get by.  If you work 8, then work 8 more and then sleep.  You're probably going to be tired and most likely unfulfilled.  Work 8, sleep 8, then sleep 8 more, well you get the idea.

 

Those 8 hours in between are what I call #TheThatsTheDifference8(TTTD8),  because those 8 hour will tell the story.  Some people go to school (to increase their value in the labor market) but the most efficient way is by investing wisely.

 

If you can create a situation that generates income during those 8 hours without you having to excert physical labor, then you are getting in the hot zone.  To create passive income while you are in your daily 8 hours of work and during you 8 hours TTTD8.  Then you are on your way to wealth.  To get passive income during all three 8 hour segment is jackpot.  You won't get rich till you are making money while you sleep.

 

So organize that time so you can collect those dimes that turn into dollars.

 

Thats TheBottomlineNow 

 

 

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Having A Hot Wife Could Help You Land That Job

Having A Hot Wife Could Help You Land That Job | TheBottomlineNow | Scoop.it
Brilliant strategy, or piggish?...
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Ford Is A Better Company Than GM Because They've Followed The Same Idea Since The Beginning

Ford Is A Better Company Than GM Because They've Followed The Same Idea Since The Beginning | TheBottomlineNow | Scoop.it
How it competes....
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The Bottomline "ItsYourMoney

The Bottomline "ItsYourMoney | TheBottomlineNow | Scoop.it

Since it's your money don't you think it would make sense to respect it a little more.  Make friends with your money (some of us spend it so quick we don't even get a chance to really get aquainted with our funds).  They're really nice and helpful guys if you just give them and yourself a chance to get to know each other.  #MakeMovesThatMatter

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TheBottomLine.........

TheBottomLine......... | TheBottomlineNow | Scoop.it
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Clarity & Purpose By Anthony Robbins - Motivation Video

A quick video by Tony Robbins with a topic on Clarity and Purpose. This video very motivational and inspiring. I am using the information and material presen...
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Motivational video "Change your mind in just 2.50 mins"

http://www.facebook.com/pages/Motivation/406652539362510 Motivational video for success.When you feel depressed,failed ,Change your mind in 2.50 mins.Inspira...
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Secret Formula For Business Success

Blair Singer, reveals his secret formula for business success...
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39 New Scientific Concepts That Everyone Should Understand

39 New Scientific Concepts That Everyone Should Understand | TheBottomlineNow | Scoop.it
The shifting baseline theory, structured serendipity, and more.
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TheBottomlineNow: You Net Worth Is Your Network (It's only a net if your network don't work)

TheBottomlineNow: You Net Worth Is Your Network (It's only a net if your network don't work) | TheBottomlineNow | Scoop.it

Many of today's aspiring entreprenuer love code words.  These words let everyone who knows you know that you have a plan.  That plan is to be your own  boss.  You've gone to the seminars.  You've learned O.P.M. (other's peoples money), incubator ( a startup investor group) and the new entreprenuer's personal favorite, networking.

 

This term is a term where groups of entreprenuers find each other and trade information and services.  It's a great concept in theory and a very useful tool if used effectively.  Actually it's probably one of the foundating strategies that set social media in motion.  So when used correctly it works.

 

So make sure that if you are networking, make sure that you are collaborating with individuals of a like mind and direction.  This is important because if this is not the case, then people just wind up  getting a lot of business cards.

 

Build your networks like you would build your relationships.  Quaility arrangements that benefits both parties.  Make arrangements in your network that establishes the foundation for valuable future moves that benefit both parties.   Make sure your network benefits all parties.  That way your network WORKS.

 

That TheBottomlineNow  

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Are You Coachable?

Are You Coachable? | TheBottomlineNow | Scoop.it
If you aren't open to feedback and new ideas, it could be what's keeping you and your business from long-term success. Here's how to be more...
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TheBottomlineNow: Its All About How Your Team Work. (Teamwork only works when your team works)

TheBottomlineNow:  Its All About How Your Team Work.  (Teamwork only works when your team works) | TheBottomlineNow | Scoop.it

Every entrepenuer's journey starts off with an idea, a service or some thingamajig to sell to whodoneit or whowantit (You get the idea).   The key to that idea getting of the ground is that entrepenuer ability to develope a team that can bring that idea to the marketplace.  Just like basketball,  you sort of have to have those pieces in places before you hit the floor. 

 

You need a point guard to bring the product in play.  A number 2 guard that can score.  A power forward that not only can score but can rebound and pivot to defense.  A rebounding forward that can create opportunities out of the competitions missed shots and a center who is close to the basket, can score, rebound and create oppotunities.  All of these folkes are important.

 

You must also have chemistry.  You must have the ability that these parts can function in motion and score when the opportunity is there.  Your team has to be able to come down the floor and put the ball in the basket and when they do this right, the fans cheer (your customers), the word of mouth expands (from your customers),  and your team has the ability to create other scoring opportunities (for your fans).

 

So question number one.  "Do you have your Fab5 (your team).  Is there enough air in the ball (your products ability to function).  Do you know where the basket is located (your opportunity to score).  Do you have enough fans in the stands and are they cheering for you (Do you have what they need or want?).  Can you win the away games along with the home games (away games: new clients, home game: current clients).  And the most important part, is your team practice ethic as good as their work ethic( because you have to win unconsciencely and consciencely as a mix, that is the only way you will overcome the distractions).

 

Now go get your team and bring home those rings

 

ThatsTheBottomlineNow 

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The Bottomline "ItsYourMoney

The Bottomline "ItsYourMoney | TheBottomlineNow | Scoop.it

Since it's your money don't you think it would make sense to respect it a little more.  Make friends with your money (some of us spend it so quick we don't even get a chance to really get aquainted with our funds).  They're really nice and helpful guys if you just give them and yourself a chance to get to know each other.  #MakeMovesThatMatter

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