Friday, March 4, 2011

Successful Track Record of Owning a Business

The title speaks for itself, but its importance is often overlooked. Many people will think you are crazy for going out on your own, they will tell you you can't do it. Maybe they are right. Have you successfully run a business before? It is not so easy when you are the one responsible for everything. Whatever goes wrong - it is going to be up to you to take care of it - often at a loss. It can be very unpleasant. So, if you haven't met any of the other criteria, please be advised to think very strongly about keeping your day job!

Monday, January 24, 2011

New site Quotes by John Wooden

The new site Quotes by John Wooden has the coach's quotes plus discussion. John Wooden was the winningest championship coach in the NCAA, but he was also teaching people about life. Read his famous quotes on this site.

Sunday, January 23, 2011

My All Time Favorite Real Estate Get Rich Seminar Guy!

Tommy Vu is no longer in business or giving seminars, as far as I know. I do not endorse his seminars (even though they are somehow free) but I have always loved his ads - please enjoy my favorite all time infomercial guy from the 1980's in this youtube compilation. My favorite part is at about 2:40.

Wednesday, January 19, 2011

Combination of talents and experience to give you a Sustainable Competitive Advantage

This phrase is not new to me. But it perfectly describes the requirements for a long term successful company. Something has to be going on at the company to keep people coming back for its product or service. At Apple, its the highly innovative and functional products which have created a cult following. At the local bakery, it is the genius in the kitchen who creates delicious treats worth spending money on, and making you drool about the taste. At Starbucks, it is.....I'm not sure. But it must be something because it makes the company unique. People want to go there (OK, the employees have that Southwest Airlines type spirit!)Somehow Southwest Airlines has stayed unique and fun all these years, and now they have over 30,000 employees. Can they keep it up? Can you define why you like them? If you've ever flown on Northwest Airlines, contrast the experience and maybe it will be clearer to you.

Wednesday, January 12, 2011

The Donald May Run for President

As per today's radio broadcast on The Sean Hannity Show, apparently Donald Trump may run for President! He has some great ideas - such as making Iraq pay us back the 1.5 trillion Dollar cost of the war - plus paying every injured soldier a million dollars, and a million dollars to the families of the soldiers killed in the war.

Expert Skills Which Will Keep You Ahead of the Competition

If you like what you are doing, this will come naturally. This is what everyone thinks you are doing by running the business. This is why they come to you. You are an expert in your field. You will have to let people know, and give speeches, hold workshops, teach a class, etc. The by now famous E-Myth refers to the fact that everyone sees the small business owner in a sea of bliss doing what he loves. You will need to have this skill, if not immediately, then develop it along the way. Don't buy the business in the first place on this alone, however, unless there are people out there besides your mother who agree you are an expert.
If being an expert in your field is your only business qualification, if you don't meet the other criteria - you could be in for trouble.