The Millionaire Mind Support Network

Model, Model, Model —Who to Model

In The Secrets of the Millionaire Mind, Eker encourages his readers to
“Model Rich and Successful People.”

The Wealth File # 7 Declarations say it all:
“I model rich and successful people.”
“I associate with rich and successful people.”
“If they can do it, I can do it!”
“I have a Millionaire Mind!”

But first, I need to figure out whom to model…

For those of us who want to establish or expand an internet based business, identifying the rich and successful Netrepreneurs to model, while avoiding the posers is an interesting exercise. I approached analyzing the various internet-marketing training sources as I would any other research project. I’ve documented my research process here, as most research projects follow the same basic steps that are applicable to any project you might want to examine for your own business.

1. Define your problem or question

• Identify the source of internet marketing training that best matches my personal style and business model.
• Determine the best way to learn the information I need to be successful.
• Develop an internet-marketing education budget and an internet business startup plan, budget and project timeline.

2. Determine likely sources of information and plan steps to acquire it

• Develop a list of the top ten internet-marketing companies as ranked by Google.
• Conduct an independent Google search, including blog entries for each Internet Guru or company.
• Note client satisfaction, indications of unresolved claims unfulfilled warranties
• Review each site to determine if site includes complete contact information
• Call phone number to see if a real person answers the phone and to test the customer support.
• If phone contact is problematic, delete guru or company from consideration.
• Check eBay and other secondary market places to see the amount and price point of the companies training materials.
• — If large amount of training material being sold for $5 or less, delete guru or company from consideration.
• Set-up separate email address and sign up for every newsletter, webzine and free offer available from each Internet marketing company.
• Set up a separate email folder for each Internet marketing training company, so all correspondence and offers are segregated by vendor.
• Review websites that sell e-books or other training materials in my niche market.
• Analyze the top five site to determine what I like and why
• Order product from the top three sites to judge the quality of the product verses price point.
• Analyze the delivery process, customer service and follow-up.
• Review SBA and other industry literature concerning probable start-up costs and applicable metrics for internet based business.

3. Start reading, printing, analyzing and making notes

• Not only read but, study every single page of all the materials received from of various Internet Marketing vendors
• Note the claims, offers and testimonials — if the testimonials include a name and URL, test the website to see if it is a valid business, then look up the contact information and call, see if testimonial is accurate.
• Read the newsletters carefully, is it how to stuff or just fluff.
• Does the vendor’s sales approach match your business style? (When I was reading some of the marketing literature, I kept hearing our Millionaire Mind Intensive trainer Doug, “Remember how you act in one segment of your life, is the way you will act in all the rest.” Lets just say in some cases, I just wasn’t feeling the integrity-vibe.)
• If they are free or low-cost, sit in on some of the teleconference or the webinares conducted by some of the Internet marketing guru’s.
• Use SBA and other industry sources to find the standard ratios for online marketing businesses. It is all about the numbers. No Numbers — No Business

4. Organize all the data you have, review, record your conclusions and make decision

I’m still gathering and evaluating my data sets. I’ll report findings over the next month.

5. Evaluate research process and product, look for lessons learned and what could be done differently next project

The last, but important step, all researchers are temped to skip it, but please don’t. It will help you refine your ability to acquire analyze and utilize actionable business intelligence in the future.

Why Bother?

This type of research is a time consuming, but critical process. Not only do I want to find someone who is rich and successful to model, I’m about to implement a business structure I would not have even considered before my Millionaire Mind Intensive experience. Basic market research and business planning are essential steps to success.

The laws of commerce apply whether practiced in a brick and mortar edifice or in the bits and packets of the Internet — business is business.

To approach any Internet enterprise without a ‘Bottom Line’ sensibility is folly.

Ask any of the dot.bomb survivors. Even businesses with sound economic models, like Amazon and eBay shuttered in the tech implosion, but with sound business fundamentals, they went on to flourish. Their more brash brethren, chasten by the very rude reality of loosing it all, approached their next sip at the golden cup with more temperance.

Like all of the Millionaire Mind Intensive graduates I aspire to Speed Wealth.

Wealth creation is the fruit of our money trees. Sound business planning, based on solid research, are the roots of our inner game of wealth.

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!

SpeedWealth™Power Principle:
The Law of Income: You will be paid in direct proportion
to the value you deliver according to the marketplace.

In SpeedWealth™ T.Harv often focuses on the relationship between the value we deliver to customers and the level of income we receive.

How can we manage our existing client base more effectively?

Brick and mortar or home-based internet business, the old 80/20-Rule — Eighty percent of profitable business comes from twenty percent of the clients, is still in effect. Even when your concerted effort to expand your customer base, first by ten and the hundred-fold is successful, the 80/20-Rule — “The Vital Few and Trivial Many Rule.” will still apply.

What exactly is the 80/20-Rule?

The Pareto Principle was first developed in 1897, by the economist Vilfredo Pareto to describe his observations of wealth and income distribution. Pareto noted a fascinating pattern: 80% of the wealth was held by 20% of the population. As Pareto analyzed a wider spectrum of economic activity, he found the 80/20-Rule was applicable to most business events.

Most experienced business managers are familiar with the 80/20-rule, but few consistently use it as a business tool. Millionaire-minded entrepreneurs, who aspire to create wealth through their businesses, need to learn how and when to apply Pareto’s 80/20-Rule. It can target cost-cutting and performance improvement. The use of the 80/20-Rule can accurately identify where an organization is losing money and which customers; products, facilities and business initiatives are consistently generating 80% of the profits in their company.

Can you immediately identify the 20% of your customer base that add the most to your bottom line? That answer should focus your product and customer-service initiatives. The proactive business owner asks, “What can be done either to improve profitability of these business initiatives, or to scale back under-performing activities?”

Using Pareto tools can build an opportunity mentality, improve near-term profitability, generate more value with the least effort and investment. They can also identify hidden opportunities to accelerate growth by focusing on the 20% high-leverage areas of the business enterprise. One of the best books to explore Pareto tools is, The 80/20-Principle: The Secret to Success by Achieving More with Less by Richard Koch. It is a very insightful examination of the development of the implications of the Pareto Principle.

Why identify and sell more to your most valuable customers?

Being in a position to focus on your most valuable customers might sound like a luxury. After all, many small businesses are grateful for customers of any kind.

Every business finds that some customers are more valuable than others. This can be for a range of reasons, from the size of their purchases to the relative ease of managing their account. Successful businesses are generally those that identify these customers, build relationships with them and work to bring in new customers with a similar profile. Customers need to know that they are valued and their needs met. It is noteworthy that another of Pareto’s theories states that human beings are not, for the most part, motivated by logic and reason but rather by sentiment.

How do you identify which of your customers are the most valuable to you, sell more to them and attract new high-value customers.

You start by analyzing your customer base — who are they, what do they buy, when do they buy, how often, where did you find them, or how did they find you

• Your current customer base – age, sex, income, and neighborhood
• How your customers learn about your product or service – advertising, direct mail, word of mouth, Yellow Pages
• Patterns or habits your customers and potential customers share – where they shop, what they read, watch, and listen to
• Qualities your customers value most about your product or service – selection, convenience, service, reliability, availability, and affordability
• Qualities your customers like least about your product or service – can they be adjusted to serve your customers better? prospective customers whom you aren’t currently reaching
• Previous marketing methods you have used to communicate to your customers
• Methods that have been most effective
• Cost compared to sales
• Cost per customer
• Possible future marketing methods to attract new customers
• Percentage of profits you can allocate to your marketing campaign
• Marketing tools you can implement within your budget – newspaper, magazine, Yellow Pages, radio or television advertising, direct mail, telemarketing, and public relations activities such as community involvement, sponsorship, or press releases
• Methods of testing your marketing ideas
• Methods for measuring results of your marketing campaign
• The marketing tool you can implement immediately

More on other quality systems surveys management and planning tools in future Millionaire Mind Support Network™ Blogs.

Just a reminder — 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 and The Memory Jogger Plus+ Featuring the Seven Management and Planning Tools, by Michael Brassard.

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!

The old saying is true: The rich are different.

Not only do their values and habits set them apart from the hoi polloi, they’re different from their wealthy predecessors of a generation ago. For those interested in joining their ranks, it helps to understand why.

To enter the nation’s top 1%, you need more than $5 million. And if you get there, you’ll have plenty of newly-arrived company: The number of U.S. “pentamillionaires” has quadrupled in the past 10 years, to more than 930,000. Indeed, 70% of the nation’s big family fortunes are less than 13 years old, according to research and marketing firm The Harrison Group. And the people who amassed them are, first and foremost, entrepreneurs — risk takers for whom wealth is a byproduct of pursuing their passion.

What got them to the highest level? It isn’t necessarily stock-market savvy: On average, folks who recently hit the $5 million mark report that only 10% of their money came through passive investments. And only 10% of pentamillionaires inherited their wealth. One might think that good fortune would play a role, but even luck is largely a matter of one’s own making. Psychologist Richard Wiseman has found that people who describe themselves as lucky share common habits that account for their success: They’re friendly and fond of new experiences, traits that put them on a collision course with new opportunities. In addition, “lucky” folks simply have higher expectations of success — they’re too pigheadedly optimistic to heed the long odds and call it quits.

Not to say that getting rich is simply a matter of having a swell attitude. The path to riches usually involves the kind of risk that would make most people feel a little queasy. Harrison Group head Jim Taylor recently persuaded more than 3,000 pentamillionaires to discuss their path to success. Perhaps not surprisingly, none of them had a cushy union job down at the DMV. The vast majority — 80% — either started their own business or worked for a small company that saw explosive growth. And almost all of them made their fortune in a big lump sum after many years of effort.

Surprisingly, today’s very rich say that money itself wasn’t much of a motivator. Once you’ve got food in your belly and a big-screen TV, the mere prospect of more Benjamins isn’t enough to get you leaping out of bed at 5 a.m. Rather, rich folks often make their fortunes after they make up their minds to solve a problem or do something better than it’s been done before. When Frank Darras graduated from law school, all he wanted in terms of material wealth was a middle-class life for his wife and kids. But while working as a doctor’s assistant to put himself through school, he developed a burning desire to help the folks he saw struggling with unpaid insurance claims. “It was the David and Goliath aspect that attracted me more than anything,” says the Ontario, Calif., attorney. Once he had his degree, Darras was like a cruise missile aimed at the insurance industry. By 1990 Darras had his first million-dollar year, and today he oversees one of the nation’s largest disability and long-term-care practices. “I never thought I’d make $5 million in two lifetimes,” he says. “I just loved the work.”

Getting rich also requires a certain amount of stubbornness and clarity of purpose. Consultant Joel Kurtzman, who evaluated 350 startups for his book Startups That Work, found that successful outlets usually have a team of two or three founders who share a common vision; the success rate for this model was a remarkable 50%. The odds for solo founders were more like the oft-quoted one in 10, in part because they often found themselves working at cross-purposes with hired guns who see things differently. That’s what 34-year-old Justin Jarvinen learned the hard way. The entrepreneur saw two promising business ventures go down the tubes after he took on partners who tweaked his ideas beyond recognition. But three years ago he started VerveLife, a service that helps companies promote online marketing efforts with free music downloads. Knowing that his success depended on his enthusiasm for bringing the idea to market, he carefully chose partners who supported his vision.

Jarvinen is now the majority shareholder in two dot-coms, and he claims an eight-figure net worth. But what really excites him is his freedom to explore and support new ideas; his current passion is mentoring younger entrepreneurs. “I’m interested in doing whatever I want, whenever I want,” he says. And chances are you feel similarly. When people dream of getting rich, it’s about more than nice clothes and fancy vacations. Being rich means freedom: to spend your time as you please, to pursue your real interests and to take a chance without courting utter ruin. Paradoxically, the road to riches often means acting as if you already have that freedom.

Source: Anne Kadet, SmartMoney.com

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!

In SpeedWealth™ One of the Power Principles states:
Copy someone who is rich and successful right Now!

When discussing successful business models, Eker says, “Model a Winner.”
Your goal is to grow your business enterprise as quickly, and safely as possible. Look around for those businesses, similar to yours, those consistently implementing winning strategies. Then figure out how you can apply those strategies and tactics to your economic model.

Modeling does not mean abandoning innovation. The entrepreneurs in the Millionaire Files Live credited their financial achievements to examining all aspects of their chosen market niche objectively. These Millionaire Minds researched enterprises that added massive value to their service or product, then extrapolated those strategies and applied them to their own businesses. A careful examination of even a very successful business can yield missed market opportunities or failed implementations. These observations can offer a wedge opportunity for the innovative entrepreneur to exploit and gain market share. Improving on every process related to your business is the basis of a winning business venture.

Eker’s “Model a Winner” strategy emphasizes that rapid organizational improvement can be accomplished by observing what is working for others and adapting those processes for you own use. In the business world this type of strategy has been called Best Practices. Such modeling is not a new idea. Wikipedia describes Best Practice as, “the most efficient (least amount of effort) and effective (best results) way of accomplishing a task, based on repeatable procedures that have proven themselves over time for large numbers of people.”

Most of us are either examining our existing businesses for new monetization opportunities, or we are initiating new ventures designed to achieve multiple passive and residual income streams.

How can we use modeling to help us move forward?

‘The Secrets of the Millionaire Mind and the Millionaire Files Live‘ interviews repeatedly stress continuous education, in the form of self-paced study. All of the millionaires T. Harv Eker interviewed said they listened to professional and personal development CDs at every opportunity — drive time being a universal favorite. They found inspiration, specific strategies and millionaire-minded thought processes, when reading or listening to audio book biographies of the very rich and super successful. The stories of Andrew Carnegie, Henry Ford, J.D. Rockefeller, Ted Turner, Warren Buffet, Steven Jobs, Sir Richard Branson and Jack Welch each have some tool, thought, or insight for everyone who takes the time to learn from these business titans.
There are modules of management strategy and implementation tactics in every chapter of Winning by Jack Welch. The millionaire minded home-based business owner, can measurably improve existing business strategies by reading and applying Jack’s business philosophy. I have read his book and listened to his Winningaudio program repeatedly. This is business information you can apply within your enterprise NOW, regardless of your organization’s current size.

If you feel the need for the pure inspiration of exceptionally executed entrepreneurial exploits — the biography of everyone’s favorite Business Viking, Sir Richard Branson, is guaranteed to thrill as well as educate, Losing My Virginity: How I’ve Survived, Had Fun, and Made a Fortune Doing Business My Way , is a must read for everyone who intends wealth, in the richest sense of the word. For the real, capitalist rebels amongst us, Screw It, Let’s Do It: Lessons In Life by Richard Branson is a fast and very inspiring read. If you want a model for outrageously successful personal branding, Des Dearlove’s Big Shots Series features, Business the Richard Branson Way: ”

Modeling the best practices of folks who “Play the money game to win!” is one way to integrate the lessons from our Millionaire Mind Intensive experience. Modeling, or best practices is a proven SpeedWealth™ process. It is philosophical approach based around continuous learning and continual improvement. Best practice practitioners understand that a growth business is continually evolving and they use process improvement to achieve their preferred result with the fewest problems and unforeseen complications possible.

Another phase for best practices is Kaizen, a Japanese word meaning change for the better or continual improvement.

The Wikipedia definition of “Kaizen” sounds like the perfect system for anyone who wants to Model a Winner!

“Kiazen aims to eliminate waste (defined as “activities that add cost but do not add value”). It is often the case that this means, “to take it apart and put back together in a better way.”

Kaizen is a daily activity whose purpose goes beyond improvement. It humanizes the workplace, eliminates overly hard work (both mental and physical), and teaches people how to perform experiments using the scientific method and how to learn to spot and eliminate waste in business processes.

Kaizen must operate with three principles in place: process and results (not results-only); systemic thinking (i.e. big picture, not solely the narrow view); and non-judgmental, non-blaming (because blaming is wasteful).”

Kaizen sounds like the perfect formula to model business success!

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!

Monetize, Monetize, Monetize!

Like everyone else who participated in the Millionaire Mind Intensive, I left that training session with the words, MONETIZATION! RESIDUAL INCOME! and PASSIVE INCOME! etched in capital letters on my frontal lobe.

Those of us with service businesses had that dazed look normally reserved for small animals in the direct path of an oncoming vehicle.

Yuppers, I felt like I had an armadillo expiration date, stamped right across my forehead.

My partner and I own two businesses — a Graphic Design firm, Pleiades Publishing Services and a Market Research group, Serendal Research Institute. Although both these business have supported us for over 20-years, the Millionaire Mind Intensive brought home a sobering fact. We had not built sustainable businesses. No, we had simply provided ourselves with nice paying jobs. After all these years, we came to the realization that we were not business owners — we were self-employed.

What is the difference? We do not make income unless we were producing either words or pictures. Just like a dentist is not making money unless he has his hands in your mouth or a massage therapist isn’t earning income unless she is providing healing touch to a client. A business enterprise works while you are sleeping, or at a three-day, life changing seminar.

Based on the hall conversations, I’d estimate that over 50% of the folks who attended the Millionaire Mind Intensive left with the knowledge that their existing economic model was seriously flawed. The good news was that the trainer did give us with some suggestions for monetizing those models to build both passive and residual income.

Some folks with service business planned to add complementary product lines to their ventures. During informal networking, some participants shared MLM (Multi-Level Marketing) opportunities that could offer both residual and passive income. If you look through the My Millionaire Mind Support Network™ Directory you will see a number of MLM opportunities.
For the more introverted members of our group, those of us not fond of IRL (In Real Life) meetings, finding ways to expand our business though the Internet seemed a more natural fit.

Of course at the very minute I write this I can hear T. Harv’s voice in my head, “You don’t like face to face sales? You’re afraid to make a sales call — YOU’RE BROKE!”

However, he is also a big proponent of “Baby-Steps” as long as you are moving forward, pursuing your goal with integrity.

For a certain percentage of us, an Internet based business may be the best monetization solution for building a passive income stream. Some retail business are expanding their business on the net though venues like eBay or setting up their own e-commerce sites. Some of us, who are sometimes classified as “knowledge workers”, are examining the development of information products, such as ebooks and training courses.

As I started my internet-based businesses research, I found myself humming (if one can hum hip-hop) Will Smith’s “Wild, Wild, West”.

A common business truism states, “When a person with money meets a person with experience, the person with experience ends up with the money and the person with money ends up with an experience!”

One way to avoid such an unsatisfactory exchange is education — the ability to learn from the experience of others.

In the movie the Secret, the teachers often said that abundance liked speed. To make insure the Universe’s fast response is headed in the right direction, Millionaire Minds are very fond of EDUCTION.

Since I’m a professional research analyst who has been working on the internet since it was DARPA Net (Defense Advanced Research Projects Agency), I thought to document my own internet marketing education and share my findings with you.

I’ll report on my internet marketing research in future “Wild, Wild Net” posts. If some of you are already enjoying success using the internet to build or expand your business model, please share your insights with us. We want to celebrate each other’s successes with the same enthusiasm we had during the Millionaire Mind Intensive.

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!

I watched the movie “The Secret” and attended the Millionaire Mind Intensive within a few weeks of each other. Intellectually I grasped the, “What you focus on expands” theory.

It is logical that if your actions are in alignment with the stated mission, you will get to where you want to be.

The whole “Joyfully-thing” was new insight. The “Love what you do and the money will come through… Kum ba yah, feeling level” stuff was…well, uncomfortable. I was once stunned speechless when a dear friend sincerely asked me if I ever just felt contentment? Honestly, I had never considered personal contentment a priority. I flippantly replied that contentment was for cows. But her question has lingered in my mind for over twenty-five years.

I am a descendent of a long, matriarchal line of Catholic Doers. That’s where the, “By your works you shall be known”, comes in. I was born to get things DONE. There is not a lot of “Being” in our “No Quarter Given” brand of accomplishment.”

With “Doing” comes worrying…

Should I be doing this?

Am I doing this right?

What If I don’t get this DONE! Lions and Tigers and Bears! OH MY!

I was almost as good at worrying as I was at doing. Along the way, I fell in love, married and founded a business with a Zen Buddhist. Worrying was at the center of one of our biggest arguments. It is telling that I cannot remember WHAT the disagreement was about. I only remember HOW it got resolved.

I was concerned enough about that long-forgotten something, that I was fussing at Nick for not being as worried about it as I was. At some level I wanted Nick to either “fix-it” or at least keep me company in my worry-vigil. I finally accused him of not worrying enough!

In typical Nick fashion, he quietly smiled, said he loved me and wanted to support me. To be successful in reaching that goal, I’d have to quantify the amount of worry he needed to devote to the issue in order to make me feel better. Should he increase his worry index by 10% — would that be sufficient? Did the problem at hand require a bigger commitment of worry, perhaps 50% or 75%? If I did not indicate the specific metric required, how would he know if he had attained the desired level of worry I indicated in my request?

Obviously he survived the resultant estrogen explosion, but it was a near thing.

I now know that the worry game is one none of us can win.

It is far more productive to focus on solutions than fuss about the problem, or as T. Harv refers to them “Growth Opportunities”. I also now know that happiness is a conscious choice, not depend on circumstance. I understand that worry is just fear-expressed and a prayer for something you don’t want.

Each of us can choose to be happy once we release our need for conditional satisfaction… “I’ll be happy WHEN this deal closes, or WHEN this project is done, or WHEN I have X-amount in the bank.” Are you really willing to delay your personal happiness by weeks, months or even years, just to attain a self-imposed, arbitrary number or condition? You can attain goals and still be happy. Take the time to celebrate every day and make each day, one in a string of happy milestones.

Remember one of Eker’s favorite maxims, “When faced with a choice, take both!”

Books that are helping reclaim my personal HAPPY while still getting stuff DONE!

The Art of Happiness at Work by his Holiness the Dalai Lama and Howard C. Cuter, MD

And one first published in 1998 that I’m sure T. Harv has in his personal library: Don’t Worry, Make Money, Spiritual and Practical Ways to Create Abundance and More Fun in Your Life by Richard Carlson, PHD.

And remember, Don’t Worry, Be Happy!

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!

Since the June 8th Blog entry, “Whatcha Do?” I’ve fielded a number of questions about the difference between a mission statement and a vision statement.

A Vision statement summarizes WHAT the stakeholders of an enterprise intend it to be — its ideal identity. This future-focused statement is crafted as a source of inspiration, describes what winning looks like by identifying targeted milestones and accomplishments and provides clear decision-making criteria to get there. A well-crafted Vision statement is SMART — Specific, Measurable, Achievable, Relevant and Time-bound — and can motivate stakeholders to realize these defined objectives.

An effective vision statement is specific not ambiguous. It precisely states achievable aspirations that are in alignment with organizational values and culture. It is engaging, memorable and can be assimilated into the enterprise’s daily practice. The Vision statement embodies a desired expectation that the organizational leaders have the responsibility of communicating through their daily actions, short-term objectives and corporate decision processes. To embed these aspirations within the organizational structure, individual stakeholders are usually encouraged to craft their own personal vision that is compatible with the enterprise’s overall vision. That practice is one way to make sure everyone is on the same page, understands and accepts the direction the leaders have set for the organization and are ready and willing to contribute what they can to achieve the stated goals. Vision statements that are reflected and acted upon at every level of an organization have a direct and positive impact on the bottom line and success of the organization.

A well-crafted Mission statement isn’t bound by a time frame — it can remain unchanged for decades — it defines the purpose for the organization’s existence and provides a path to realize the Vision in line with its values.

In and environment of organizational initiative or transformation, it is essential to acknowledge the existing conditions — resources and obstacles — the mission, and to identify where you want to go —the vision, and what you will need to do to get there.

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!

Success Report!

Millionaire Mind Support Network’s very own Prosperity Guy, Chris Sherrod — has BIG NEWS — his new e-book, The Prosperity Game is now available.

Many of the Millionaire Mind Intensive graduates have attended Prosperity Game potluck parties. Chris Sherrod’s Prosperity Games teaches you how to create amazing unique business ideas based on what you love and have tons of fun.

From Chris…

Do you want to do something that you love and make money at it?

Give me 2 1/2 hours and I’ll show you how to come up with more ideas than you can imagine…all using my guaranteed 6-step easy system…

I’ve come up with so many ideas that I thought about not publishing this book and just implementing my ideas – however – I got such good feedback from both the book and the Game Parties, that now I’m teaching others how to create new business ideas… Want to be next?

Are you happy doing what you are doing? Are you happy with your income and your lifestyle? Do you feel down and can’t think of any ideas to turn into a business?

My passion is to show, as many people as possible that they are in fact FULL of great ideas…because you are the only one who knows what you truly love to do!

So first I help you discover what you love and my system is so successful because you do not use your logical mind…you let your right brain take over and simply follow the guidelines.

And second, most people feel they do not know what to do, or what they would like to do and this stops them from thinking freely. You do not have to worry if you are a “creative” person or whether you have had good ideas in the past; my process helps you generate a dozen or more new ideas quickly…while having fun.

I am convinced these steps work…I have seen people come up with ideas doing what they love right before my eyes. I want you to try them out and feel the joy of doing something you love

So, are you ready for a bunch of new ideas to play with? You are ready for success, aren’t you?

What would you do with ten ideas a day?

Would you like a new business idea based on what you love?

Here are a few of the exciting highlights you’ll read and hear:

Lesson #1: You’ll learn six ways to be more creative.

Lesson #2: Why you don’t have to be a genius and why you don’t want to be a genius.

Lesson #3: Nine ways to be open to new ideas.

Lesson #4: Learn why, no matter what your background, you can create ideas at the genius level.

Lesson #5: Learn ten games to play that produce ideas based on what you love.

Lesson #6: Learn the top ten reasons to listen your way to ideas.

Lesson #7: You’ll find the six characteristics of creative people.

Lesson #8: Unblock the six obstacles to creativity.

Lesson #9: Learn how to track your ideas

Lesson #10: Learn how to rank your ideas.

Obviously, those brief descriptions don’t give you a complete sense of the power in this system. But you get the idea.

Click her to learn more aboutThe Prosperity Game“> Play Prosperity Games.

Congratulations to Chris for living his dream of helping others find their own.

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!

Right about now some of us are completing our
Millionaire Mind 90-Day Wealth Conditioning Program.

90-DAYS! Can you believe that it has been over 90-days since we left the Fort Worth Convention Center?

So how are you doing?

Are you still feeing Psyched?

Are you still feeling READY to take on the world? My answer depends on the day, the time or the hour.

Overall, am I better off today then when I walked into Day-one of the Millionaire Mind Intensive?

YOU BET!

Do I feel like I still have a way to go?

That would be an affirmative.

Do you want to do the 90-days of exercises all over again?

We aren’t the first to want a fresh Wealth Conditioning Book. T. Harv has a download waiting for you at the Millionaire Mind Graduate Website. You can down load a new book, take the experience of the last 90-days and start building the bigger, better container for your inner and outer wealth.

On the Millionaire Mind Graduates site, T. Harv also offers PDF versions of the ATTITUDES OF WEALTH. Go to the home page and click on the links to download a PDF you can print and display on a wall in your home or office as an excellent reminder.

ATTITUDES OF WEALTH REFRESHER
Winning the “Money” Game

I AM AN EXCELLENT MONEY MANAGER!

The biggest difference between the rich and the poor is their ability and willingness to “manage” their money. It’s not about how much money you have; it’s about how you manage that money. When you show the Universe you can handle and grow your current finances, more will follow.

I ALWAYS PAY MYSELF FIRST!

Paying YOURSELF must be your first priority, regardless of your “necessities”. In order to build your golden goose, the very first step you must take with all forms of income is to place a minimum of 10% into your FFA. By consistently putting your attention on your FFA first, you create the habit of wealth building.

I PUT MONEY INTO MY FINANCIAL FREEDOM FUND EVERY DAY!

Your Financial Freedom Account is your golden goose. Deposit any amount of money into your jar everyday. The amount is less important than the habit that is developed. Creating the habit of saving money creates your “money magnet, which increases your financial freedom funds.

MY MONEY WORKS HARD FOR ME
AND MAKES ME MORE AND MORE MONEY!

Work smarter instead of harder! A poor mind says, “I must work to pay for my lifestyle.” A rich mind says, “I work so that I have money to INVEST and my investments pay for my lifestyle!” Creating multiple streams of passive income, building your savings and investment accounts all synergistically work together to make you financially free!

I EARN ENOUGH PASSIVE INCOME TO PAY
FOR MY DESIRED LIFESTYLE!

Financial freedom means never having to work again unless you choose to. Passive income is fundamental in building your golden goose. Set yourself free by creating revenue from passive income streams which will enable you to attain and maintain your desired lifestyle.

I AM FINANCIALLY FREE. I WORK BECAUSE I CHOOSE TO,
NOT BECAUSE I HAVE TO!

Financial freedom means never having to worry about money. It means having the ability to live the lifestyle you desire. Having plentiful income from a variety of financial resources allows for choice in life. Choice provides freedom, and freedom gives you the ability to choose whether you want to work, or not!

MY PART TIME BUSINESS IS MANAGING AND INVESTING MY MONEY
AND CREATING PASSIVE INCOME STREAMS!

Creating strong money habits will empower the way you think about money and wealth. By managing your money and building your passive income streams, you set yourself securely on the path to Financial Freedom!

Repeat your Attitudes of Wealth Declarations daily for the maximum impact.

Source: ATTITUDES OF WEALTH, T. Harv Eker © 2003

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!

You are attending a business mixer…

Having secured a glass of wine and a dish of nibbles, you paste your smile on and sail forth to network.

Are you psyched? Are you ready?

You may have your game face on, your business cards ready, but are you really ready to answer the charming fellow who just looked you in the eye and asked, “Whatcha Do?”

As a business owner this can be a great opening to tell a potential client why they need you product or service

— OR

The most dreaded gambit since Gallipoli.

When my partner Nick and I were just starting out, we were lucky enough to have our business, Serendal Research Institute, included in the inaugural Fast Track — a fourteen-week business development program sponsored by the Greater Denver Chamber of Commerce and the Downtown Development Group. Seventy-five business (less than fifty of us actually made it to graduation) were chosen from the over five hundred applicants. The Fast Trackers received intensive general business training, individual business mentorship and a crack at low interest loans for seed money to expand our products and services.

It was a big deal.

The exercise that really made a big impression on all of us was the “elevator pitch”.

In front of the class, we introduced ourselves to a facilitator, handed him our card, described our business and pitched our product or service in under two-minutes.

If the review team could not accurately understand what we did and how they would use our product or service, we failed that assignment, but got to try again the following week. In the real world of one-on-one marketing, there is rarely on opportunity to “do-over.”

Believe it or not, it took Nick and I days to wordsmith the “back of the business card” description of our business.

“Serendal Research Institute specializes in the practical application of science and technology to assist business owners, managers and corporate executives with decision-making, policy formulation, or other managerial functions. Our professional researchers and technologists conduct client-sponsored research, product development feasibility studies, competition and market analysis; and provide reports, white papers, press releases as well as copy for optimized websites.”

All of our hopes, dreams and personal savings, summarized in 58-words. I felt more trepidation making our “elevator pitch” in front of that class than I felt delivering a training session in front of 1500 people at a Publishing Conference.

How Do You Define Your Business?

Developing a written mission statement is often a first step in defining your business enterprise. A primary concern in developing a mission statement is addressing the question, “What business are you in?”

Although answering this question may seem deceptively easy — it can be a complex task. Determining the nature of your business ought not be rigorously tied to the specific product or service you currently produce. It should also include the result of your output and the competencies you have developed in producing that output.

A mission statement is a brief statement of the purpose of a company or organization, it summarizes the goals and objectives of the enterprise. An organization’s mission statement defines the company as it is presently; it defines the clientele, critical processes and it describes the desired level of performance. The primary intention of a mission statement is to keep all the stakeholders in alignment with the organization’s purpose. Organizations find that a shared, written mission statement is a reliable tool for maintaining focus on core competencies and enables execution of new initiatives that are consistent with the company’s purpose and values.

And, a well-written mission statement can be used as an effective marketing tool — the elevator pitch.

Take a few minutes, a few days, or maybe a week, carefully craft your “elevator pitch”, then go out and share it with someone in your personal or business network. An acquaintance used the fellowship time after church to fine-tune her presentation. By nature she was shy and was not as intimidated in the supportive environment of her church-family as she would have been during a professional networking meeting. She got comfortable with her two-minute marketing pitch, and by introducing herself and her business is such a friendly and BRIEF fashion, she found some new clients who were happy to hear about her services. Now she works professional, network mixers like a pro and is happily expanding her ability to serve more people.

One last thought about personal and professional networks…

Interestingly, the most lasting benefit of the Fast Track program was the life-long friendships amongst the Tracker grads. Decades later, we still support each other personally and professionally. Over the years we have celebrated business successes, attended weddings, christenings, and unfortunately a few funerals. Your business and personal network is a critical factor in not only in your long-term success, but is a key to your personal health and happiness.

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!