The Millionaire Mind Support Network

Protect Your Ideas and Business Solutions — Part Six

30th April 2007

Protect Your Ideas and Business Solutions — Part Six

Copyrights, Patents, and Trademarks —

Protecting your Ideas or Inventions from Others’ Infringement

Just a reminder — I’m not a lawyer, I don’t even play one on TV and I did not stay at a Holiday In Express last night. I’m just a retired SBDC counselor, who knows where to look stuff up — both online and IRL. In this case my source is the SBA.

Are there federal regulations governing use of the “TM” or “SM” designations?

No. Use of the symbols “TM” or “SM” (for trademark and service mark, respectively) may, however, be governed by local, state, or foreign laws and the laws of the pertinent jurisdiction must be consulted. These designations usually indicate that a party claims rights in the mark and are often used before a federal registration is issued.

When can I use the registration symbol (the letter R enclosed within a circle-O ) with the mark?

The federal registration symbol may be used once the mark is actually registered in the U.S. Patent and Trademark Office. Even though an application is pending, the registration symbol may not be used before the mark has actually become registered. The federal registration symbol should only be used on goods or services that are the subject of the federal trademark registration.

Do I need an attorney to file a trademark application?

No, although it may be desirable to employ an attorney who is familiar with trademark matters. You may access the trademark forms, plus information about applying for a trademark by clicking Basic Facts About Registering a Trademark.

How do I find out whether a mark is already registered?

In order to determine whether any person or company is using a particular trademark, a trademark search can be conducted. Searches can be performed at our offices at 2900 Crystal Drive, 2nd Floor, Arlington, Virginia. Also, word marks may be searched at over 70 Patent and Trademark Depository Libraries located throughout the country.
For a listing of these locations please click PTDL at http://www.uspto.gov/main/trademarks.htm.

Is a federal registration valid outside the United States?

No. Certain countries, however, do recognize a United States registration as a basis for registering the mark in those countries. Many countries maintain a register of trademarks. The laws of each country regarding registration must be consulted.

Should I search the PTO records before filing an application?

Yes. The Patent and Trademark Office (PTO) Public Search Library for trademarks is located at 2900 Crystal Drive, 2nd Floor, Arlington, Virginia 22202. The Public Search Library is open between 8:00 a.m. and 5:30 p.m. Use of the Public Search Library is free to the public. Also, certain information may be searched at a Patent and Trademark Depository Library. For locations go to http://www.uspto.gov/main/trademarks.htm and click PTDL. These libraries have CD-ROMS containing the database of registered and pending marks. (However, the CD-ROMS do not contain images of the design marks.)

Can the Office conduct a search for an applicant?

No. After a trademark application is filed, the Patent and Trademark Office (PTO) will conduct a search of the records as part of the official examination process. The official search is not done for the applicant but rather to determine whether the mark applied for can be registered. It is advisable to search the records before filing the application. of the design marks.

Can trademarks be searched online?

Yes. The USPTO Trademark Database is now available for searching on the World Wide Web by anyone who has Internet access. Understanding the limitations of the Web database can help you avoid significant problems.

Source: SBA Publications

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Intellectual Property Rights | 0 Comments

27th April 2007

Protect Your Ideas and Business Solutions — Part Five

Copyrights, Patents, and Trademarks —

Protecting Your Ideas or Inventions from Others’ Infringement

Just a reminder — I’m not a lawyer, I don’t even play one on TV and I did not stay at a Holiday In Express last night. I’m just a retired SBDC counselor, who knows where to look stuff up — both online and IRL. In this case my source is the SBA.

What is a trademark?

A trademark includes any word, name, symbol, or device or any combination used or intended to be used in commerce to identify and distinguish the goods of one manufacturer or seller from goods manufactured or sold by others and to indicate the source of the goods. In short, a trademark is a brand name.

What is a service mark?

A service mark is any word, name, symbol, or device or any combination used or intended to be used in commerce to identify and distinguish the services of one provider from services provided by others and to indicate the source of the services.

What is a certification mark?

A certification mark is any word, name, symbol, or device or any combination used or intended to be used in commerce with the owner’s permission by someone other than its owner to certify regional or other geographic origin, material, mode of manufacture, quality, accuracy, or other characteristics of someone’s goods or services or that the work or labor on the goods or services was performed by members of a union or other organization.

What is a collective mark?

A collective mark is a trademark or service mark used or intended to be used in commerce by the members of a cooperative, an association, or other collective group or organization, including a mark which indicates membership in a union, an association, or other organization.

Do I need to register my trademark?

No. However, federal registration has several advantages including notice to the public of the registrant’s claim of ownership of the mark, a legal presumption of ownership nationwide, and the exclusive right to use the mark on or in connection with the goods or services set forth in the registration.

What are the benefits of federal trademark registration?

• Constructive notice nationwide of the trademark owner’s claim.
• Evidence of ownership of the trademark.
• Jurisdiction of federal courts may be invoked.
• Registration can be used as a basis for obtaining registration in foreign countries.
• Registration may be filed with U.S. Customs Service to prevent importation of infringing foreign goods.

Do I have to be a U.S. citizen to obtain a federal registration?

No. However, an applicant’s citizenship must be set forth in the record. If an applicant is not a citizen of any country, then a statement to that effect is sufficient. If an applicant has dual citizenship, then the applicant must choose which citizenship will be printed in the Official Gazette and on the certificate of registration.

Where can I find trademark forms and basic trademark information?

You may access the trademark forms, plus information about applying for a trademark, by clicking Basic Facts About Registering a Trademark at http://www.uspto.gov/main/trademarks.htm.

The forms may be downloaded, filled out and mailed in, or, by clicking PrinTEAS, you can fill out, validate and print trademark and service mark applications via the PTO web site.

You may contact the Trademark Assistance Center at 1-800-786-9199 for a hard copy of the Basic Facts brochure or if you need answers to specific trademark questions or want to know more about trademarks in general.

Source:SBA Publications

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Intellectual Property Rights | 0 Comments

25th April 2007

Protect Your Ideas and Business Solutions —Part Four

Part Four
More Information About Intellectual Property

From SBA Publications

Copyrights, Patents, and Trademarks —
Protecting your ideas or inventions from others’ infringement

What does copyright protect?

Copyright, a form of intellectual property law, protects original works of authorship, including literary, dramatic, musical, and artistic works such as poetry, novels, movies, songs, computer software, and architecture. Copyright does not protect facts, ideas, systems, or methods of operation, although it may protect the way these things are expressed. See Circular 1, section What Works Are Protected — http://www.copyright.gov/circs/circ1.html .

How do I reach the Copyright Office and where do I get application forms?

The Public Information Office telephone number is (202) 707-3000.
To order application forms, the number is (202) 707-9100.
The mailing address is:
Copyright Office, Library of Congress, 101 Independence Avenue, S.E., Washington, D.C. 20559-6000.

Hours of service are 8:30 a.m. to 5:00 p.m. eastern time, Monday through Friday, except Federal holidays.

You may get forms from the U.S. Copyright Office by mailing in a request, or by calling our 24-hours-per-day forms hotline: (202) 707-9100.
Forms may also be downloaded from http://www.copyright.gov/forms/

Why should I register my work if copyright protection is automatic?

Registration is recommended for a number of reasons. Many choose to register their works because they wish to have the facts of their copyright on the public record and have a certificate of registration.

Registered works may be eligible for statutory damages and attorney’s fees in successful litigation. Finally, if registration occurs within five years of publication, it is considered prima facie evidence in a court of law. See Circular 1, section Copyright Registration http://www.copyright.gov/circs/circ1.html

How do I register my copyright, how long does it take?

To register a work, you need to submit a completed application form, a nonrefundable filing fee, and a non-returnable copy or copies of the work to be registered — see Circular 1, section Registration Procedures. The time the Copyright Office requires to process an application varies depending on the amount of material the office is receiving. You may generally expect a certificate of registration within approximately 8 months of submission. Generally, each work requires a separate application — see Circular 4.

How long does copyright last?

The terms of copyright are generally extended for an additional 20 years. Specific provisions are as follows:

For works created after January 1, 1978, copyright protection will endure for the life of the author plus an additional 70 years. In the case of a joint work, the term lasts for 70 years after the last surviving author’s death.

For anonymous and pseudonymous works and works made for hire, the term will be 95 years from the year of first publication or 120 years from the year of creation, whichever expires first.

For works created but not published or registered before January 1, 1978, the term endures for life of the author plus 70 years, but in no case will expire earlier than December 31, 2002. If the work is published before December 31, 2002, the term will not expire before December 31, 2047.

For pre-1978 works still in their original or renewal term of copyright, the total term is extended to 95 years from the date that copyright was originally secured.

For further information see Circular 15 (PDF file) at http://www.copyright.gov.

H. Sandra Chevalier-Batik
Copyright © Serendal Research Institute 2007

All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts.

Do you have a question for any of the Millionaire Minds Team?

Drop me a line at sbatik@mymillionairemind.org and you may see your question answered in an upcoming blog or featured in our Millionaire Minds Forum.

And remember, You Have a Millionaire Mind!

posted in Intellectual Property Rights, New Business Enterprises, Small Business & Entrepreneurship | 0 Comments

23rd April 2007

Protect Your Ideas and Business Solutions — Part Three

Copyrights, Patents, and Trademarks —

Protecting your ideas or inventions from others’ infringement

When must I file a copyright application?

Those who are familiar with the rather strict time limits for filing a U.S. patent application may find it to be a pleasant surprise that under the U.S. copyright law, a copyright application can be filed many years after the initial publication of a work and still be eligible for a copyright registration.

This does not, however, mean that you should put off filing your copyright registration. Stated differently, even though there is no particular time limit for filing a copyright registration application, this should not lull the author into a false sense that copyright registration is unnecessary or that it need not be done promptly. The registration of a U.S. copyright offers many benefits to the owner of the copyright. For example, it creates a presumption that ownership of the copyright is as set forth in the registration. In addition, if you happen to have the good luck that you registered the copyright on a date earlier than the date of an act of unauthorized copying or under certain other circumstances set forth in the copyright law, if you prevail in court against the unauthorized copier, you may find yourself eligible for statutory damages and for recovery of attorney’s fees. The damages and attorney’s fee benefits that come from registering a copyright in advance of infringement are so great, and the cost of registering a copyright is so small, that it is wise to attend to copyright registrations promptly.

Many people successfully file copyright registration applications on their own, without the assistance of counsel. However, some authors find it convenient to pay someone else to do it for them simply to avoid the paperwork. Additionally, those whose authorship is in computer software may wish to retain competent counsel to assist them in filing registration applications, since filing the application incorrectly could conceivably result in loss of trade secret rights, or, in an extreme case, could result in loss of all copyright rights. For example, there are steps in which may be taken in filing a copyright registration application in software which preserve trade secrets that are contained in the software.

Additionally, since most software is produced in versions, with each version based in part on previous versions, there are certain disclosures which must, under certain circumstances, be made in the registration application to acknowledge the older content. To give one example, the owner of the dBase programming language came very close to losing all copyright rights in the language due to failure to disclose that portions of the work were based on older works.

Can I register a copyright myself?

Many types of copyright registrations are easy and straightforward to do, in which case a layperson can obtain copyright registration for a few dollars and a bit of one’s time. In the area of computer software, however, it is often helpful to retain experienced counsel to prepare the copyright application. The reason for this is that for any copyright registration application, there is the requirement that the applicant deposit a copy of the work with the Copyright Office; the deposit becomes available to the public. In the particular case of software it is possible to deposit less than all of the work, which helps to protect trade secrets. (The Copyright Office has a helpful circular on this subject, in PDF format.)

Experience is helpful in determining what, exactly, needs to be deposited with the Copyright Office. Advice of experienced counsel is also helpful in determining whether the application is complete, e.g., whether it needs to disclose previous works upon which the present work is based. Failure to disclose prior works runs the risk that copyright protection will be lost later. Another trap for the unwary is characterizing a work incorrectly as a work-for-hire when it is not; this, too, runs the risk of later loss of copyright rights.

What does it cost to register a copyright?

Here are the published filing fees of the U.S. Copyright Office as of 2006. To the best of my research, these fees are still in effect in 2007, but fees are subject to change. Also note that private companies or Web sites might do the registration for you for an additional fee. To enforce a copyright in a different country, you may be required to register there as well.

For a single work (Form TX, PA, VA, SR, or SE): $45 per application

For a group of serials or newsletters (Form SE/ GROUP): $25 per issue ($50 minimum)

For first appeal of denial of registration: $250

Registration of a group of published photographs: $45

Recording of a document (including assignment of ownership or exclusive licenses): $95 (plus an additional $25 for each additional 10 titles)

The Copyright Office will do a registration on an expedited basis as well; for example, if litigation is imminent. An extra fee must be paid and the application has to be submitted to a different address for expedited registration. The factors described above explain why the lawyer’s fees in a software copyright registration application are likely to be at least $200-$300, exclusive of copying and courier charges.

The Copyright Office is part of the Library of Congress (202-707-3000).
For more information about protecting intellectual property go to the U.S. Copyright Office .

Source: SBA Publications

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Intellectual Property Rights, New Business Enterprises, Small Business & Entrepreneurship | 0 Comments

20th April 2007

Protect Your Ideas and Business Solutions — Part Two

Copyrights, Patents, and Trademarks —
Protecting your Ideas or Inventions from Others’ Infringement

What is a copyright?

The owner of a registered copyright enjoys the ability of blocking the unauthorized copying or public performance of a work protected by copyright. Depending on how old a work is, whether or not copyright was renewed, when the work was published (if at all), and whether or not it is a work for hire, the U.S. copyright term for a work may be 28 years, 56 years, the life of the author plus 50 years, 75 years from the publication date, or 100 years from the date of creation. The reader will appreciate that these terms are much longer than the 17-year or 20-year term of a U.S. utility patent.

How do I copyright my software?

As my caller specifically asked me to address the issue of his training software, I’ve dealt with it specifically in this blog posting. However, training materials, and other print publications follow the same process.

The question of whether a work is copyrighted might, depending on who is talking, mean either of two things.

Someone who says a work is copyrighted might be trying to say that a copyright registration on the work has been obtained from the U.S. Copyright Office.

Another person who says a work is copyrighted might mean the work is protected by U.S. copyright laws. Lots of people say the former, but it is sloppy usage; the latter is more correct. In the United States an original work becomes protected by the copyright laws from the moment it is fixed in a tangible medium.

This provides several obvious examples of ways that a work could fail to be protected by the copyright laws: the work might contain no originality, or it might not be fixed in a tangible medium. Yet another example is if a work has gone into the public domain, perhaps because the term of copyright has expired or because the owner has dedicated the work to the public prior to the expiration of the copyright term.

From this it becomes clear that the answers to the question “What must I do to protect my software through copyright?” is, roughly, fix it in a tangible medium. This is a fairly simple step, one which probably occurred no later than when the author stored the software on a hard disk or floppy disk.

Generally once it is explained that works are automatically copyrighted from the moment the programmer saves the file to disk, the person asking the question restates the question “How may I register the copyright in my software?”

We will now address that question. It is, of course, possible for authors to obtain copyright registrations without representation by intellectual property counsel. The U.S. Copyright Office has a circular in PDF format on software copyright protection. There is the danger, however, that an improperly drafted copyright registration application could fail to preserve the trade secret rights in a work of software. For this reason, authors of computer software are encouraged to seek the advice of competent counsel.

There is another reason why the software author who is inclined to proceed pro se in applying for copyright protection might be well advised to seek advice of competent counsel. It is rare that the only steps needed to attend to a client’s intellectual property needs are copyright registration steps. It frequently develops that there are other aspects of the client’s business that also require attention. A work may contain material prepared by subcontractors or material recycled from a previous programming task. The software may call for design patent protection, utility patent protection, or trademark protection. The programmer may have failed to give enough attention to the placement and content of copyright notices. Dozens of other intellectual property issues may present themselves. A consultation with competent intellectual property counsel will improve the likelihood that these other aspects are considered. While there are several reasons to consult intellectual property counsel before filing a copyright registration application on software, it is also in our experience that an author who plans to register numerous similar works will find it fruitful to work with intellectual property counsel on the first one or two registration applications; after this it may be possible for that author to proceed filing subsequent registration applications with minimal assistance of counsel.

In other words, it should not be taken as a foregone conclusion that the legal costs for the first copyright registration would have to repeat themselves for subsequent copyright registrations. A good book on the subject of software copyright protection is, Copyright Your Software from Nolo Press, which you can purchase from Amazon Books. Professor Thomas G. Field, Jr. of the Franklin Pierce Law Center has written an excellent brochure called “Copyright for Computer Authors.”

Source: SBA Publications

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Intellectual Property Rights, New Business Enterprises, Small Business & Entrepreneurship | 0 Comments

18th April 2007

Protect Your Ideas and Business Solutions — Part One

Forget looking for opportunity, look for and solve problems.

Good advice that was repeated often during the Millionaire Mind Intensive weekend. OK we’ve identified a problem; come up with a solution to said problem, implemented and tested it.

The solution works great — NOW WHAT?

Innovations and new product ideas are valuable assets of a business and need to be protected so your property rights are not infringed upon by another. How do we protect our proprietary process or product and how do we monetize the solution?

I’ve received a few off-line calls about the “how” of Intellectual Property Rights.

First, let me state, I’m not a lawyer, I don’t even play one on TV and I did not stay at a Holiday In Express last night. I’m just a retired SBDC counselor, who knows where to look stuff up — both online and IRL.
In this case my source is the SBA.

Protecting Your Ideas

It’s not easy to think about ideas as property, but for some businesses it’s vital. Most of us have had an idea for a new product or service only to dismiss, postpone, or neglect it. Sometimes we later find that others had the same idea, but took it to market before we did. By that time, it is too late for us to take advantage of the idea.

Ideas are relatively easy to come by, but inventions are more difficult to produce. It takes knowledge, time, money, and effort to refine an idea into a workable invention, even on paper. Turning an invention into an innovation – a new product accepted by the marketplace – takes effort and a little luck. There are substantial barriers in the path of those who pursue innovation. Overcoming them requires careful planning and plenty of input from others.

Hundreds of thousands of inventors and innovators file each year for protection under U.S. patent, trademark, and copyright laws. However, it can be hard to decide which of the three vehicles is most appropriate for the protection of a particular invention. Although a single product or service may require a patent, a trademark, and a copyright, each category protects a distinct aspect of a creative work or expression.

Patents, copyrights, and trademarks, as well as know-how or trade secrets, are often collectively referred to as intellectual property. Many firms have such property without even being aware of it or of the need to take measures to protect it.

Many people’s notions of intellectual property are unrealistic. Some believe, for example, that simply having a patent on a product will enable one to succeed in the marketplace. Consequently, they may spend thousands of dollars to obtain the exclusive rights to market something that no one wants or can afford to buy. Others may decide that intellectual property protection is not worth the trouble.

People who may not be interested in protecting their own rights must still take precautions to avoid infringing on the rights of others. This calls for more than the avoidance of copying. Some copying is unavoidable, but one can easily infringe on the rights of others without deliberately imitating specific features of goods or services.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Intellectual Property Rights, Small Business & Entrepreneurship | 0 Comments

16th April 2007

Business Support Services for Millionaire Minds

After our Millionaire Mind Intensive Weekend and working through T. Harv Eker’s 90-day Wealth Conditioning Program we all know the answer our Financial Freedom is developing a personal business enterprise. That enterprise can take the many forms, but whatever type and size business you decide to pursue, follow T. Harv’s constant advice and pursue continuing business development education. Identify successful models and look for ways to copy those aspects of their business model that works for your enterprise. Identify mentors and ask for help.

Building a successful business is a team sport, even If you work home alone — especially if you are home alone. Dr. W. Edwards Deming, father of the modern quality management movement, famously stated that, “All profound knowledge comes from outside the organization.”

What does that mean to you?

Think about how energized you were during the Millionaire Mind Intensive. Think about the scores of new insights that came to you over those few days. All of us need someone to share and analyze business solutions. We all need a network — that is how the idea of the Millionaire Mind Support Network™ was born.

In a time, not so long and not that far away, I was a Small Business Development Center Circuit Rider for the State of Colorado Small Business Development Office. A Circuit Rider is a business specialist that visits the various SBDCs to help their identified constituents. My specialty was Minority and Women’s business enterprise start up, state and federal procurement systems and SBA funding processes. For those of you who feel like they might need some support starting or expanding a business, there is a great SBDC resource here in Austin.

The City of Austin Economic Growth and Redevelopment Services created the Business Solutions Center as a resource center for existing small business owners or those considering entrepreneurship. Its hours of operation are, 8:30-11:30 a.m.; 1:00-4:30 p.m. (M-F) It is located in the One Texas Center
1st Floor at 505 Barton Springs Road, Austin, TX 78704 and the phone number is 512.974.7786

The services offered to clients are incredible even by SBDC standards.

• High speed Internet access to conduct market research, create web sites or establish email accessibility.
• Twelve workstations with software linking small business owners or potential entrepreneurs and construction contractors to public and private contract and bid opportunities throughout the state of Texas.
• Business plan software is available for the small business owner to chart direction for their business and to present for business loan application.
• Desktop publishing software and Microsoft Office Suite assists the entrepreneur in creating professional business documents.
• Construction contractors can view open bids and specification for upcoming public or private construction or service projects throughout the state of Texas.
• Contractors can print specs and plot plan prints on a state of the art printer.
High-end laser jet printers in color and black and white, a copier, fax machine, scanner and telephones are additional resources.
• Access to a collection of business books, periodicals, journals, newspapers and reference materials to aid the small business owner in pursuit of establishing or growing their business.
• A number of industry specific start up manuals are available for use within the Center or for sale at a discounted price.
• Information and referral for area small business owners to additional organizations that may be of benefit to them.
• Brochures and literature from various business assistance organizations are available at no price.

For our Millionaire Mind Support Network™ members who live outside of Austin, there are SBDC offices in every state, in big city’s and small towns. Just Google your state or Towns name + Small Business Development Center, or contact the SBA for their nearest SCORE office for additional mentoring support.

Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

!

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13th April 2007

Power Principle # 4 — Change Brings Opportunity!

Notes and thoughts concerning T. Harv Eker’s Speed Wealth™

“How to Make a Million In Your Business In 3-years or Less”

Power Principle # 4

Change Brings Opportunity!

Quick Change Brings Quick Opportunity!

The SpeedWealth Principles are designed to take advantage of today’s rapid deployment marketplace. Current product development cycles are more often measured in months, rather than years. Success depends upon accurate trend spotting, an understanding of what your customers want NOW, and developing the right business model to deliver it quickly – at a profit. The “Champ to Chump Cycle” used to be about twenty years. The expectation for the current economic model of constant innovation demands a generous payout is five-years or less.

Entrepreneur Magazine reported some startling figures concerning the effect of continuous change in the market place. “Fully 80 percent of the products and services being consumed today are different from those that were being consumed five years ago. And five years from today, fully 80 percent of the products being used will be new and different from those being used today.”(1)

Rapid change is great news for the Millionaire Minded. It makes for a target-rich business environment that offers an infinite number of opportunities to create wealth by offering needed products and services. Your ability to correctly define a winning product or service is critical to realizing your dream of creating great wealth. Being very clear about WHAT you want is the first step. The most promising business opportunity will flounder, if the business model is not in alignment with your personal belief system. No matter what product or service you choose to offer, you must believe in it completely. When considering a business opportunity ask yourself the following:

Do you use the product or service yourself and are so excited about it you want to share it with your friends and family?

Do you feel a passionate need to bring your product or service the marketplace?

Before you start running feasibility numbers for an economic model, you have to believe in the product or service. At the cusp of change lays opportunity.
Successfully surfing the waves of change always gets back to WHAT DO YOU WANT.

Need help defining WHAT you really want? The Passion Test: The Effortless Path to Discovering Your Destiny by Janet, Bray Attwood and Chris Attwood offers a good tool set to help define your personal “Go-Fast Path.”

If you suffer from my personal “Initiate-Slayer,” analysis-paralysis, get the book that T. Harv mentions in a number of his training sessions, Feel the Fear and Do It Anywayby Susan Jeffers. It is a great motivator to action.

SpeedWealth™ is a fast, easily accessible read.

(1) Entrepreneur.com, Inc., July 18, 2005, Brian Tracy
Copyright © Millionaire Minds, LLC 2007
All writings here are copyrighted. You may not use them without written permission but you may link to the posts or give out a link to the posts. And remember, You Have a Millionaire Mind!

posted in Small Business & Entrepreneurship, Speed Wealth, Zero to Millionaire, Wealth Creation | 0 Comments

11th April 2007

SpeedWealth Principal #1 — Develop A SpeedWealth Mindset

Notes and thoughts concerning T. Harv Eker’s Speed Wealth™
“How to Make a Million In Your Business In 3-years or Less”

SpeedWealth Principal #1
Develop A SpeedWealth Mindset

During the Millionaire Mind Intensive weekend, time and time again, we were asked to identify and challenge our internal belief systems. We sent a lot of time poking around our tree of life’s “Roots”. We came away knowing that whatever we manifest in our outer world (the fruits) is a direct reflection of exactly what is going on inside. At a soul-level you have to believe that you can achieve your stated goals. If the foundational, internal belief isn’t secure, external activity does not always mean, long-term success. The “make-a-fortune, lose-a-fortune, make-a-fortune” cycle described by billionaire Bill Bartmann in his Millionaire Files interview is an example of internal belief systems.

Developing a SpeedWealth Mindset is a direct result of that internal belief process.
Do you really BELIEVE that it is possible become wealthy quickly?
Do you BELIEVE that YOU can “Get Rich Quick”?

Just the phase “Get Rich Quick” has negative connotations. It brings to mind oily pitchmen on late-night TV or offshore, internet scam artists.

If that is the sleazy image that comes up on your “Get Rich Quick” file card, then it stands to reason that nice person like you would not want to get rich quick.

We all need to update our internal file cards concerning the rapid accumulation of wealth. There is nothing wrong with legitimately, making money quickly. In fact, based on the dynamics of our information-based economy, THE BIG IDEA backed by a strong business model is likely to be rewarded rapidly. Product development cycle times have never been faster and internet-based marketing offers almost immediate feedback on products and services.

Here is your Millionaire Mind homework for today: research entrepreneurs who have accumulated great wealth in under 5-years. Assuming that he’s an over achiever, we’ll use 5-years instead of T. Harv Eker’s 3-year benchmark. There are thousands of scrupulously honest business people who have used inspiration, insight and integrity to get rich quickly. Find out about them, replace you file cards for “get rich quick” and start developing your inner blueprint for SPEEDWEALTH.

SpeedWealth™ is a fast, easily accessible read.

H. Sandra Chevalier-Batik
MyMillionaireMind.org

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9th April 2007

Power Principle #3 — Success is a Learnable Skill

T.Harv Eker is fond of saying that “Every master was once a disaster.” He wrote SpeedWealth™ to help readers get to the “Master” level with less opportunity to meet delay and disaster. Although Eker and other prominent business mentors note that traditional scholastic achievement is not a reliable marker for entrepreneurial success, all agree that continuing self-directed education is a critical element to long-term business success.

In addition to seeking every professional-development opportunity possible, Harv advocates modeling rich and successful people. By analyzing both the strategies and tactics of successful entrepreneurs, you can identify problems that you can turn into high-potential business opportunities. By studying these business leaders you can learn how to gather resources such as top performers, funding, and manage accelerated growth using ethical, concurrent decision-making skills.

Successful entrepreneurs are life long learners. They read constantly, attend professional development courses and most likely listen to an extensive library of business and motivational CD’s. If you have not yet listened to the great CD package that you received as part of your Millionaire Mind Intensive registration package, get them out now.

When? NOW!

The “Millionaire Files Live” series featuring Keith Cunningham, Greg Habstritt, Bill Bartmann and Alex Mandossian are Millionaire Mind tips and tricks treasures. The “Millionaire Panel CD” is just as inspiring. Each time you listen to one of these CDs you come away with one more insight or approach that is relevant to your business model, or your life.

SpeedWealth™ is a fast, easily accessible read.
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