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HardWorkIsHighlyOverated: Sometimes Our Values Are Our Worst Enemy

HardWorkIsHighlyOverated:  Sometimes Our Values Are Our Worst Enemy | TheBottomlineNow | Scoop.it

Who remembers the second person who died in the battle of Little Big Horn (for that part who was the first).  No disrespect but my point is (don't be so stupid that you run blindly into an ambush of an Indian Nation.  Uuh maybe...) that sometimes what we believe in can put us in positions where it will give others an edge to manipulate.  Sometimes the person who is telling you to work hard is just wasting time until they find a way to get an edge.  In essence they may be using your sense of commitment and honor against you.  They know that you're just stubborn enough that you will keep working until you either quit or find an answer that the person who delegated the task had no chance of finding.  The person who delegated this task may see this as Win Win genius, others may see it as disengenious (I for one).

 

In today's business climate noone needs to be trying to learn on the job.  Especially in small business.  The small businessman doesn't have the room to train a newbie or the patience to retrain an old know it all. So who do you keep?  The puppy or the old dog.  The one you keep is the one that's most commited to your strategy and you're values. that's easy.  Usually that will be the young puppy.  Why because the young puppy is open to new values and experiences.  Usually that old dog, who might work better, is slower and stuck in they're own value system. They may also need more money because of their adult obligation and those obligations will be the determining factor in their needs system.  There's nothing wrong with their values but business is not an enviorment where the values experiment should ever be in the conversation.  The only values that matter in business is the value that your product bring to your current customer solution (that will make them keep coming back) and your new customers solution (that will make them stay). 

 

When you as a business person get into trying to change the world, as a business you run the possibility who straying on course of your real focus, and that is to make money for you and the tools you need to stay in business (not just you and your past bills).

 

You will need pros and pros want their money.  If you are fortunate enough to get the pro bono services of a pro then make sure that you tactically know what you want them to do.  Don't waste their time or good faith in research or developement and look at it as a favor.  Not cool.  If you want to maintain your value as a leader, then be strong enough to lead or smart enough to follow.  Never take pros and use them as a research stem to your organizational research.  It's insulting to a person who values their value and time.  It also signals other professionals that you're either don't know what you're doing or you don't mind wasting others time.  Neither is good.  Because if you do this, unconcsiouslly you might be trying to impose your values and will upon someone else.  By doing this you run the risk of not only lowering your associates value but also your own.

 

I'm ReggieRedd and thats TheBottomline

 

 

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TheBottomline: Real Truths In Real Life

TheBottomline: Real Truths In Real Life | TheBottomlineNow | Scoop.it
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ThinkAboutIt

Over lunch recently a media executive repeated the accepted wisdom that “our content has value.” That often leads next to the contention that we “should be paid for it,” though I counter that “should” is never the basis of a business model.

 

Wow can it be said any better.  Should is a dangerous word.  A lot of entreprenuers make the mistake of using should in their business model as opposed to deliver.  You see to deliver is to supply to someone something they wanted or needed.  What good is it for me to give you a product or idea that wasn't at the top of your to do list.  If I do that then I risk the chance of being a distraction as opposed to being effective.  Is changing the world a function of entreprenuership?  Sometimes but not always.  Your top function in entreprenuership is top make enough money to continually fund your existance and to make your investors a profit.  Remember investors are gamblers and some don't care how they win, they just want to win.

 

For example, the subprime lending foolishness.  People "SHOULD" have enough sense not to get in over their heads in a bad loan (but they did) The people who wrote thoses loans "SHOULD" not allowed thoses customers to get those loans (but they did).  Their competitors "SHOULD" not have taken a stance that well if they don't do it I will (but they did) and other entreprenuers "SHOULD" not have seized upon the opportunities to capitalize in thoses markets (but they did) to earn money on the damage caused by this subprime foolishness (collection agencies, repo men, credit repair companies and the list goes on amd on.) I can go on forever but I guess you see my point.

 

Now if we choose "DELIVER" as opposed to "SHOULD".  Then we have taken the time to find out the customers needs and delivered them.  In a way to tell a customer what they "should" have is reall arrogant (politicians heed this message).  It's best to inform and respect their choice and at the end of the day a customers choice will be your best choice for your as a entrprenuer.

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TheBottomline: "It's not about the money, it's about the people who want to spend it."

TheBottomline: "It's not about the money, it's about the people who want to spend it." | TheBottomlineNow | Scoop.it
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Robert Kiyosaki / Mike Maloney Discuss Preparing for the Coming Crash 2012

It certainly seems as though the entire financial culture in America is changing. Once upon a time everyone wanted to know how to get rich. Now everyone want...
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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: 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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TheBottomline: GettingTheMoney >Venture Capital Structure | CPEP

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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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Ask Ash Cash: How Can I Manage My Money to Take Control of My Finances?

Ask Ash Cash: How Can I Manage My Money to Take Control of My Finances? | TheBottomlineNow | Scoop.it
ASK ASH CASH: MONEY MANAGEMENT 101...
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Five Biggest Mistakes That Entrepreneurs Make

Five Biggest Mistakes That Entrepreneurs Make...
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Maybe It's Not Such A Great Idea To Give Founders Like Kevin Rose Millions Before They Do Anything

Maybe It's Not Such A Great Idea To Give Founders Like Kevin Rose Millions Before They Do Anything | TheBottomlineNow | Scoop.it
Kevn Rose sold his stake in Digg for millions more than the price at which Digg eventually sold itself.
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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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How 19-Year-Old Alex Banayan Became The World's Youngest VC

How 19-Year-Old Alex Banayan Became The World's Youngest VC | TheBottomlineNow | Scoop.it
Banayan, a USC student, was recently hired by Aslop Louie. Here's how he got the offer.
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