The Millionaire Mind Support Network™

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!

“Oh, you are so lucky. I wish I could work at home.”

That is the usual response when someone learns that I’m a home-based researcher and writer. In addition to the entrepreneurial mindset needed to leave the comforting embrace of a day job, it takes a specific set of skills to successfully work at home.

Your productivity will depend on focused, self-interest.

It is also helpful to be just a wee-bit rude. When you first start working from home, you might find you have friends who will call to just chat or to for ask favors that start out with, “Hey, since you are at home now…”

The best approach to friendly encroachment is to post your hours.

Let fiends and family know via email that your productive work hours are from X to X and that you not be taking calls during that period.

Whoever invented caller ID should be sainted.

Another good practice is to limit reading and answering your email to a specific time during the day. Your email in-box can be a time-sink that sucks your creative energy and steals your productivity. I’m a morning dove and my most productive writing and thinking time is from about 8 am until about 2 pm. I use my low-energy mid to late afternoon time to read email, return calls, and deal with IRL meetings.

Information overload is a constant danger, especially with eZines, online newsletter subscriptions, and industry blogs. I’ve killed my RSS feeds. It is way to easy to be intrigued by an interesting headline and look up two hours latter and wonder why my current writing assignment isn’t done. I have my email client set up to load emails directly into predetermined files. I often print out my eZine or newsletters, throw them in a file that I take with me whenever I know I might be in a situation that requires a wait. I use the down time to catch up on my reading off line.

How do you lay out your daily and weekly business goals?

Getting focused and staying focused on our specific business goals is the holy grail of the successful at-home entrepreneur. Do you know what you need to accomplish today, in order to reach your specified business goals for this week?

Do you need to access outside resources to help you reach your goals. If so, have you laid out a project schedule so you will know when to contact the vendors you need to support you in reaching your business goals?

A home-based entrepreneur needs to keep focused. As you go through your workday, or work night as the case may be, get in the habit of asking yourself, “How is what I’m doing right now, moving my business and my dreams forward?”

If the answer is that it doesn’t, THEN STOP! Don’t do that.

Your daily actions must be in alignment with your daily and weekly goals, or you may never fully manifest your long-term BIG DREAM.

Set specific, realistic, measurable goals that will ultimately lead you to fulfilling the intention and purpose you set for your business enterprise.

Remember to devote some time daily to the inner-game of business success. Take the time to visualize your personal end game. Feel the fulfillment and satisfaction of attaining your goal — of fulfilling your purpose. Staying in touch with that feeling of completion and gratitude helps keep you focused on you target, even when a dear friend calls and wants you to come out to play.

Work each day in joy and with the end in mind.

I can personally recommend two inspirational books that share specific tools and process to keep business professionals on track to reach their personal and business goals.
The Success Principles: How to Get from Where You Are to Where You Want to Be

by Jack Canfield & Janet Switzer
The Power of Focus: How to Hit Your Business, Personal and Financial Targets with Absolute Certainty

by Jack Canfield, Mark Victor Hansen, Les Hewitt.

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!

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 # 5

You can always be more, have more and do more —

because you can always learn more.

T. Harv Eker states that rapid change equals great opportunities for fast return ONLY if we have educated ourselves so we have the skill set to take immediate action.

There are three MUST READS for all folks interested in aggressively growing their business enterprises. All are available at not only online and brick & mortar book stores, but within the public library system in both printed and audio versions so this is a NO EXCUSES business development suggestion.

If you don’t think you have time to read, then get the audio books, and LISTEN while you are driving, while you have your meals — anytime you have a few unallocated minutes please devote them to expanding your business expertise. Millionaire Minds place a higher priority on building true financial freedom than knowing who is singing on American Idol.

Good to Great: Why Some Companies Make the Leap and Others Don’t
by Jim Collins

In Good to Great, Jim Collins asks the question, “Can a good company become a great company and if so, how?” Collins concludes that it is possible, but finds there are no silver bullets. Collins and his team of researchers began their quest by sorting through a list of 1,435 companies, looking for those that made substantial improvements in their performance over time, and discovered common traits that challenged many of the conventional notions of corporate success. At the heart of those rare and truly great companies was a corporate culture that rigorously found and promoted disciplined people to think and act in a disciplined manner. The book offers a well-reasoned road map to excellence that any organization would do well to consider. Good to Great is one of those books that managers and CEOs will be reading and rereading for years to come. –Harry C. Edwards, Amazon.com Editorial Review

Built to Last: Successful Habits of Visionary Companies
by Jim Collins and Jerry I. Porras

Built to Last identifies 18 “visionary” companies and sets out to determine what’s special about them. The book has been hailed as an instant classic and one of the best business titles since In Search of Excellence. The authors, James C. Collins and Jerry I. Porras, spent six years in research, and they freely admit that their own preconceptions about business success were devastated by their actual findings — along with the preconceptions of virtually everyone else. The core myth, according to the authors, is that visionary companies must start with a great product and be pushed into the future by charismatic leaders. Collins and Porras are much more impressed with something else theses companies shared: an almost cult-like devotion to a “core ideology” or identity, and active indoctrination of employees into “ideologically commitment” to the company. An eloquent chapter on the wildly successful 3M describes the company as having no master plan, little structure, and no prima donnas. Instead it had an atmosphere in which bright people were both keen to see the company succeed and unafraid to “try a lot of stuff and keep what works.”
—Editorial Reviews —Amazon.com

Winning
by Jack Welch (Author), Suzy Welch (Author)

As the legendary retired CEO of General Electric, Welch has won many friends and admirers in high places.
In Winning, Welch focuses on his actual management techniques. He starts with an overview of cultural values such as candor, differentiation among employees, and inclusion of all voices in decision-making. In the second section he covers issues around one’s own company or organization: the importance of hiring, firing, the people management in between, and a few other juicy topics like crisis management. From there, Welch moves into a discussion of competition, and the external factors that can influence a company’s success: strategy, budgeting, and mergers and acquisitions.

Winning is a very worthwhile addition to any management bookshelf. It’s not often that a CEO described as the century’s best retires, and then chooses to expound on such a wide range of management topics. –Peter Han Editorial Reviews — Amazon.com

I have all three of these books in both hard cover and as audio books. I feel so strongly about their value to any businessperson, I have given them as gifts to friends and business associates. No matter where you are in your business life right now, working as an employee, self employed with an at-home-business, building an emerging business enterprise, or growing the next Inc.500 business — there is something you can learn, do or change about how you are currently approaching your day.

Read. Grow. Do. Win!

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!