Is it the BEST time to launch your own business?
According to the New York Times there were 85, 000 jobs lost during the month of December in the U.S. alone.
There have actually been over 3 million jobs lost in the U.S. SINCE the stimulus package that was meant to turn things around.
Many people are finding themselves jobless and in a “forced mid-life crisis,” where they have to re-consider their entire life’s path. Equally important: they need to make cash now. However, contrary to popular belief, the recession is not the only problem.
In a “flat world” of globalization we are moving more and more in the direction of downsizing and outsourcing. With the interconnectivity we have today as a result of the internet, we now find that there are people across the globe who can do work for a fraction of the cost of yourself (if you have been an employee) and a fraction of the cost of your employees (if you have been an employer). If this hasn’t effected you personally it’s effected someone you know or someone you love. Increasingly, people are finding themselves out of work, and the competition’s getting tougher.
Many people understand that the days of working for one company for life, and waiting for the promise of retirement is largely an illusion in the newly emerging marketplace. So in response to this rapidly changing world, we have more people than ever before looking to launch their own businesses so that they can take their destinies into their own hands, BUT the statistics of business failure are staggering, with 80% of businesses failing within the first 5 years.
There is a myth that traditional education prepares us for life. But what traditional education teaches us to do is to show up on time, sit down, shut up and do what we are told. We are taught to get a job, work for a paycheck and one day look to retire. Traditional education is broken.
My newly released book, which has already hit the Wallstreet Journal Bestsellers list, Instant Wealth – Wake Up Rich! – Discover the Secret of the New Entrepreneurial Mind solves these problems. Today I own a company that has sold well over $60,000,000 of our products and services globally. I travel the world and live an amazing adventurous life. But it hasn’t always been that way. Only 9 years ago, I was living in a ghetto, rationing myself to two dollars a day for food. When I had to move I called the Salvation Army to donate my furniture, but when they showed up they said that it wasn’t even “good enough for the poor.” The Salvation Army refused to take the furniture!
The frustrating part was that I had done every personal development course I could find and I read hundreds of books on how to make my life work, from Tony Robbins, to Dale Carnegie, to NLP to Napoleon Hill I had done it ALL but for some reason I wasn’t able to apply all of that GREAT information in MY life.
And then I found the secret that turned everything around. I embraced a New Entrepreneurial Mind, and I rapidly assimilated concepts from the richest entrepreneurs in the world. I expound upon these concepts in Instant Wealth – Wake Up Rich!, but I want to give you 7 solid tips that YOU can use RIGHT NOW so that you too can survive and thrive in turbulent times!
1) Begin With The End In Mind
You’ve got to find “a game” that you love. If you don’t love what you do you will never stick with it to be truly financially successful. Find your true north immediately; especially in times of crisis.
2) Create a Snowball Effect In Your Life
Warren Buffett the richest man in the world says that life is “like a snowball, what you need is a really long hill and some really wet snow.” When you are playing a game that you love it allows you to go the distance and orchestrate “tipping points” in your life, where the floodgates fly wide open and you are rewarded tremendously; if you’re working intelligently.
3) Become an Investor
Realize that there are 3 things you can do with your time. You can waste it, sell it or invest it. Wasting your time could be, perhaps, sitting around worrying about your problems, or distracting yourself from the issues. Selling your time could equate to taking a job for money. If you take a job whether you sell your time for $10 an hour or $10,000 an hour you are STILL selling your time which is finite. Investing your time is using your time in a way where you become the person who could make your every dream come true. So never work for what you make, work for WHO you become. Then you are a wise investor.
4) Become the BEST
Research indicates that it takes about 10,000 hours which equates to 20 hours a week for 10 years to become an expert at something. When you are the best in the world at what you do, there will always be a market for you. So get started today!
5) Use Your Time Efficiently
Continue to ask yourself the question “What is the highest and most effective use of my time RIGHT NOW in relation to my end goal.”
6) Set Goals That Are Outside of Your Comfort Zone
One of the quickest ways to change your life is to set goals that stretch you. This may take courage. But remember, courage is not the absence of fear. Courage is the realization that there is something more important than the fear. In this case, your dreams and your financial destiny!
7) Have Transformational Conversations
If you don’t know what to do or how to do it, have ferocious curiosity, seek out the people who do know what and how, and ask them, “How would you do this?” “How would you raise the money to launch a business?” “How would you write a business plan.” “How would you find the team.” “How can I make a transitionary step where I can both make income immediately but invest my time by learning the skills I need for the future simultaneously?” These types of conversations and the ensuing actions can transform not just your future, but the future for generations to come.
Wishing You Prosperity and Success!
Ceo and Founder
The Academy of Wealth and Achievement