Friday, November 21, 2008
Global Financial Crisis has been moving to Asian countries. Estimated thousands people will be jobless in 2009, the worst will be coming in mid of 2009. We are in the midst of the worst financial crisis since the 1930s. In his book " The Credit Crisis of 2008 and What It Means", Soros explained that in some ways it resembles other crises that have occurred in the last twenty-five years, but there is a profound difference: the current crisis marks the end of an era of credit expansion based on the dollar as the international reserve currency. The periodic crises were part of a larger boombust process; the current crisis is the culmination of a superboom that has lasted for more than twenty-five years.
Economist analysed the crisis will take at least 1-2 years, what a long period to wait your time to develop your golden opportunities !!!. For people that working in companies or starting to get a job, sometimes have a glance thinking to create own business than working to other people, but it laways stuck don't get the way how to do and opportunities to get the money. Eventually the deciding is to work with companies, it's easier and faster to get the money after graduated from school than create business. What's now ? The crisis hit all sectors, even your company will be the next get impact to. Business opportunities are a great choice for people looking to own a business. These opportunities, however, do come with great risk now with great investment. But, not for small business or your home business. Starting at your home is the best answer ... !!
Brian Tracy "A Certain Way To Business and Personal Success" could take as a guidance and help to build your motivation how to stucture your way to create the business confidently.
DECIDE EXACTLY WHAT YOU WANT TO DO!
You must be clear about what it its that you want – what it is your doing - and why you are doing it, at every step of your life. You must know and see how everything you do fits in with your life.
Often I will hear people, especially women, say that they’d love to start a business but haven’t yet come up with a great idea. They are stuck on thinking they have to find something that’s never been done before. When I ask them how many banks or clothing boutiques exist in their neighborhood, they start to see that they don’t need to reinvent the wheel and they also don’t need the million-dollar idea.
Oftentimes that leads to an aha! moment, that you can do something as long as you are really passionate about it and willing to hustle. Starting a business from home really doesn’t have to be all that complicated.Orientation
Successful people are intensely goal orientated. They know what they want and are working towards the achievement of their goals every single day.
A Simple 7 Part Goal Setting Formula
1. Decide exactly what you want – formulate a goal
2. Then write it down (a goal not written down is merely a wish or a fantasy)
3. Set a deadline and even sub-deadlines if the goal is large and long-term
4. Make a list of everything you will have to do to achieve your goal.
5. Make a plan - organize your list by setting priorities on the list activities
6. Take action – Do this immediately DO IT NOW! And develop a sense of urgency. You must be intensely action orientated.
7. Do something every single day – Maintain momentum by doing something that will move you towards your goal daily
The Best Goal Setting Exercise
(Practice it over and over again during your life)
1. Start with a blank sheet of paper
2. Make a list of 10 goals that you want to accomplish in the next 12 months (write your goals in the present tense, as if you already accomplished them and start every goal with the word I)
3. Go over your list of 10 goals and select that one goal that will have the greatest impact on your life, if your were to achieve it
4. Take your chosen goal and write it on the top of a separate sheet of paper. Then write down a deadline for it. And then formulate a plan. Take action on the plan immediately, and resolve to do something every day until you achieve your goal.
Good luck !!
Posted by ucokdm at 5:30 PM
Saturday, September 06, 2008
I believe all of you have been heard this popular name with his bestselling book "Rich Dad, Poor Dad". "Rich Dad, Poor Dad" is the story of Kiyosaki and his journey from being a child of modest means to a self-made millionaire and bestselling author of multiple books.
As an employee in an MNC company, I have always struggled to change from 'E' area to 'B' area. I had been told by many that Robert Kiyosaki's books could be a starting point in my search for an attitude that would take me where I want to be financially. What I was looking for in his book was a step-by-step guide on developing the type of mindset necessary to take control of my financial future. What I got instead was a realization that for my entire life, I had been shaped and groomed to grow up and conform to society's standard of success: go to school, get good grades, and get a good job with benefits. I had done just that. I received a Master's Degree and found a stable job with good benefits. Unfortunately, although I fit into society's standards of success, I knew that working for someone else and living from paycheck to paycheck is not the life that I want for myself or my children.
Which brings me to the story of Robert Kiyosaki, a man who was essentially raised by two different fathers each with a very different philosophy regarding finances. His biological father raised him as I was raised...education, job, retirement with pension at 65. The father of his close friend Mike, whom Kiyosaki refers to as his rich dad, taught him that the only way to be rich was to think outside the box and to use his mind to generate income. Through a variety of jobs, rich dad was able to teach Robert Kiyosaki invaluable financial lessons that would help him to make millions.
Basically, the key focus of the entire book can be summed up in three words- assets versus liabilities. The only way that you will ever acquire wealth is to acquire assets. We live in a society that relies on credit and we have a loan for every major purchase: cars, houses, vacations, even everyday expenses. Robert Kiyosaki's advice is to simply stop spending money that you do not have, pay yourself first, and rethink purchasing that new purse or lawn mower. Instead, use that money to acquire assets that will generate income for you and then use that income to purchase your luxury items.
Rich people are acquiring assets while the poor and middle class are acquiring liabilities. A person has joined the "Rat Race", as it is termed in in this book, when their expenses increase as their income increases. So, instead of making their money work for them by purchasing assets that will in turn put money in their pockets, the poor and middle class spend their money on items that decrease in value over time. In order for a person to leave the Rat Race and enter the Fast Track, they must first have enough income generating assets to cover their monthly expenses.
It seems simple, and to some it is. Unfortunately, the majority of us, myself included, were trained in school to be employees, not self-made millionaires. So, my only unanswered question regarding this book would be "Is it possible to develop a millionaire mentality when you are in your 30's, 40's, 50's, etc or is it something with which you must be raised as in the case of Robert Kiyosaki?" Personally, I read this book just previous to starting my own business and found my attitudes changing with each page I read. So while I will never have the benefit of being raised by a man like Robert Kiyosaki's rich dad, I do believe that with enough drive, motivation, and guts, anyone can become a self-made millionaire. I would recommend this book to any current or future entrepreneurs.
Posted by ucokdm at 2:05 AM
Wednesday, January 02, 2008
Saturday, December 08, 2007
Donald J. Trump is a graduate of the Wharton School of Finance and started his business career in an office he shared with his father. In August of 2006, Mr. Trump was voted by BusinessWeek magazine as “the world’s most competitive businessperson.”
In New York City, the Trump signature is synonymous with the most prestigious of addresses, among them the world-renowned Fifth Avenue skyscraper, Trump Tower, the Trump International Hotel & Tower, voted the best U.S. Hotel by Conde Nast Traveler, Trump World Tower at the United Nations Plaza, 40 Wall Street, and Trump Park Avenue.
In a departure from his real estate acquisitions, Mr. Trump and the NBC Television Network are partners in the ownership and broadcast rights for the three largest beauty competitions in the world: the Miss Universe, Miss USA and Miss Teen USA Pageants. He is also the star and executive producer of the hit television series, “The Apprentice,” which has received national and worldwide attention. In the summer of 2004, his radio program on Clear Channel made its debut and broke all syndication records.
Mr. Trump has authored seven books, all of which became bestsellers. Trump Magazine was launched in 2004, Trump University Online in 2005, and the Donald J. Trump licensing program. In 2006, GoTrump.com, an online travel agency, made its debut, as did Trump Productions in Los Angeles.
1. Question: If you, Bill Gates, Steve Jobs, Herb Kelleher and Larry Ellison got marooned on a desert island, who would end up running the place and who would end up as dinner?
Answer: We would find a way to order in and have a productive meeting at the same time.
2. Question: How long would Larry and Sergei, the co-founders of Google, last on your show?
Answer: That would depend on whether they were good team players and if they had an original idea or two.
3. Question: Would you fire your son or daughter?
Answer: Yes, if they deserved it, but fortunately they are well prepared for their positions, so I doubt they would ever merit being fired.
4. Question: What do you do to chill out?
Answer: Playing golf provides me with my version of chilling out, plus I develop golf courses, so it’s a productive way to spend my chill time.
5. Question: At the end of our life, what do you want to be remembered for?
Answer: As a builder who has enhanced the cities and communities where I have built and/or developed.
6. Question: What’s the difference between the Donald Trump on “The Apprentice” and the Donald Trump in every day business meetings?
Answer: Business meetings are more about negotiation skills whereas “The Apprentice” falls into the job interview or audition category. I have business meetings with people who are looking to do business, not people who are looking for a job. My attitude on “The Apprentice” is as an employer looking at possible future employees. I don’t look to mold any of my business associates.
7. Question: If you could apprentice with anyone in history, who would it be?
Answer: My father was a great mentor. He’d be hard to replace.
8. Question: Not many people make billions, lose billions, and then make billions all over again. How did you pull this off?
Answer: To me it was a blip, not a catastrophe. I knew I was destined to succeed, and I kept focused on that belief. I’m very tenacious...and I don’t give up.
9. Question: If you graduated from Wharton in 2006 instead of in the 1960s, what industry would you go into?
Answer: Real estate. I love it and it still exists as a career and as a viable passion.
10. Question: What do you think of two guys in a garage showing amateur videos selling out for $1.7 billion?
Answer: I’d say they had a great idea—my hat’s off to them.
11. Question: TV is TV, real life is real life: What’s the most important real-life advice you can give to an entrepreneur?
Answer: You have to love what you do. Without passion, great success is hard to come by. An entrepreneur will have tough times if he or she isn’t passionate about what they’re doing. People who love what they’re doing don’t give up. It’s never even a consideration. It’s a pretty simple formula.
Posted by ucokdm at 3:37 PM