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What Every Entrepreneur Can Learn From Kids

When you’re pondering about what it takes to be an entrepreneur, don’t overlook the business savvy of kids. They aren’t always consciously striving to climb the ladder of success. However, the journey from toddler to teen leaves a trail of tested developmental data.

Here we feature the 8 areas of ‘kids’ mindsets:

#1 – Negotiations

Children of all ages are masters of the art of negotiating. Watch a child engaging in the bargaining process. Kids learn early on that everything has subjective value and might be considered trade worthy in certain circumstances.

Take stock of your own negotiating inventory.

#2 – Compromise

Reaching agreements results in more rewards than stubbornly wallowing in stalemated disagreements. There is nothing defeating about walking away with a gain. When you want two jumping frogs for your slingshot, keep in mind that frogs aren’t so easy to catch. One frog or no frog? It’s that simple.

#3 – Resilience

Kids seldom take ‘no’ for an answer. When they hit a wall, they walk around it, climb over it or set up a catapult. They don’t quit until they have exhausted every possible way to achieve their goals. They are driven with passion, determination, ingenuity and optimism. You need all of those to be an entrepreneur.

#4 – Resources

It’s important to know who has the best, the most, the cheapest, the best delivery time, etc. Kids look through junkyards, yard sales, ‘free’ ads and under rocks. That’s all aside from keeping a list they’ve acquired through the grapevine of those who can offer the best fish bait, fireworks, homework help and bike repairs.

#5 – Funding

When more money is needed, it’s important to be able to turn to more than one funding source. Kids already know this. When one parent turns out empty pockets, they shamelessly hit on the other parent. Benevolent uncles and friends with generous allowances might be willing to offer some temporary financial relief.

You don’t know if you don’t ask.

#6 – Real World Social Networking

You can never have enough contacts. Most kids join activity groups to be with other kids. As the social circle widens through introductions, there is an increase in invitations. The cousin of the friend of the kid on the wrestling team knows the lady who is in charge of auditions for the play you’d love to be in. Hmmm…just maybe.

As we grow older we make less time for social groups like sports, performances and hang outs. There could be a lot of great new info we are missing out on from one another if only we made more time for social networking in the real world, not just online.

#7 – Promote Yourself

It’s okay to talk about your talents, goals and successes with pride. The power of word of mouth advertising can start with you. There is a difference between bragging and exuding supreme confidence. Just be sure that you can deliver on your claims. As you show others what you can do, word will get around.

Those who are in need of your talents will find you.

#8 – Dream Big!

While it’s necessary to be realistic, it’s also important to project a positive outcome. It’s okay to want a pony someday even if you currently only have room for a dog house.

Success will allow you to address such minor details.

As you can see from the above tips, it’s sometimes worthwhile to look back as well as to look forward. Remember when you were a kid and unstoppable! Now the risks are greater, the challenge is bigger and the potential rewards make it all worth it. Like all kids, you practiced and honed your business skills. Back then, it was part of being a kid. Now it’s all a part of how to be an entrepreneur in the adult world.



Cheers!

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6 Tips for Making It Work as a Part-Time Entrepreneur

6 Tips for Making It Work as a Part-Time Entrepreneur

You know you want to start a business, but you can’t shake those financial pressures — rent or a mortgage, a car payment and maybe you have kids. Even young people have responsibilities after all. But tack on the fact your business idea will surely take time to catch on, and starting up can seem even further out of reach.

You are a perfect candidate to become a part-time entrepreneur.

While not ideal for every young trep — jumping head first into the start-up pool can be a preferred route — getting the business up and running before letting go of a regular paycheck may be the best course. Here are six ways to make the transition into entrepreneurship a smooth one:

• 1. Find balance. Of course, this is what being a part-time entrepreneur is all about. Can you start up and maintain your commitment to your full-time responsibilities? If you get caught up in your business to the point that your full-time job suffers, people will notice and it will cost you opportunities and, potentially, the job itself.

• 2. Be patient. As a part-time entrepreneur, you simply can’t move forward with your new business at the same pace as those who can work on theirs full-time. And even full-time entrepreneurs never have enough hours in the day. Find the right pace for you so you can see progress without completely wearing yourself out. Be patient; you may not be moving as fast as you would like, but forward is good.

• 3. Bank your profits. At some point, you will want to walk away from your job and be a full-time entrepreneur. The money you save now will enable you to take that step sooner. If you don’t need it to grow the business, then save it for your future, but be prepared to put it back into your new business as needed.

• 4. Set flexible goals. As you build your business, you may find your day job getting in the way of your entrepreneurial goals. That’s OK. It’s what being a part-time entrepreneur is about. Watch out for a tendency to beat yourself up for spending too much time on your job at the expense of your business. Your energies will need to shift from one to the other as time goes on, and that’s OK.

• 5. Take yourself seriously. While you’re taking baby steps with your business, you and others may discount your plans because your progress is slow. Don’t let timing affect your long-term commitment. Find ways to remind yourself of what you’re working to accomplish. Don’t let others dismiss your goals. Remember that you can make this happen, it will just take longer.

• 6. Have an escape plan, if you want one. Do you want to be a part-time entrepreneur forever? That’s actually alright. Operating as a part-time entrepreneur may not have been your original plan, but if your business can succeed in your off hours and you enjoy your full-time job, why not?

• However, if your entrepreneurial plans include running your dream business full time, you need to define milestones and set goals that include walking away from your day job. What needs to be in place in terms of infrastructure, sales, product development or other criteria before you will be ready to quit?
  
  
  Cheers!
  
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14 Nuggets Of Business Wisdom By Donald Trump & Robert Kiyosaki

Today we feature 14 Nuggets Of Business Wisdom shared by the two most sought after Entrepreneurs with the Midas Touch, Donald Trump & Robert Kiyosaki, who have, in a combined effort, sold over 36 million copies of their business and finance books worldwide. After witnessing what both of these incredible businessmen have to offer during my visit to the National Achievers Congress in Sydney, Australia earlier this year, I’d say that this successful duo have some pretty valuable lessons to also share with you.

Read on for the 14 valuable points to consider when running your own business by Donald Trump & Robert Kiyosaki.

1. Seek to discover that little thing in your business that can be a big thing to your customers, Uncover your gift..

2. Select your tactic and choose strategies to make the tactic happen. Keep it simple and executable.

3. Recognize it’s your job to focus the mission and bring the B-I triangle to life.

4. The Midas Touch requires discipline. You can be a rebel, but understand that it will demand new levels of personal, financial and business responsibility.

5. Be generous with your energy and success. Bring others along for the ride and reward them well. The Midas Touch is not a sport, It is a team effort.

6. There are no little things, everything matters, so hire wisely and inspire your team with your vision. They will be the ones that carry it out and represent you.

7. Think big, set your vision high and go for it. You’ll be shocked by what you can accomplish when you do.

8. If it’s worth doing, it’s worth fighting for. You’ll have lots of people and obstacles in your way. Work and fight to get beyond them.

9. Don’t delay. Every day that you work in your business without a vision, without a plan and without proving it works is another day that you delay your success.

10. Discover your true self and surround yourself with people who compliment your gifts and models of operation.

11. Commit to being a life long learner by studying successful business and people to understand the little things that count in their business.

12. Design your business from the start so that it is leverageable, expandable, predictable and financeable.

13. Realize that an Entrepreneurs most important gift to the world is jobs, security and well-being for others.

14. Recognize that the world needs more Entrepreneurs. Everyone is counting on you.


Cheers!

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7 Priceless Lessons You Will Learn From The TV Show 'The Celebrity Apprentice'

7 Priceless Lessons You Will Learn From The TV Show 'The Celebrity Apprentice'

Entrepreneurs can learn a lot from Donald Trump‘s TV show ’The Celebrity Apprentice‘. Donald Trump challenges each contestant in a number of different surroundings with experiences that a Billionaire businessman would be faced with.

A lot of entrepreneurs swear by ‘The Celebrity Apprentice‘ series as they have felt inspired and guided in the right direction after watching a season of the show. Read on for 7 priceless lessons that ‘The Celebrity Apprentice’ will teach you.

7 Entrepreneur Lessons From Donald Trump’s ‘The Apprentice’

Be a leader even if you’re not in a leadership position:

True leaders stand out even when they aren’t in a position of power. This doesn’t mean butting heads with the real group leader or trying to take over, but showing that you’re invested in the team and want to step up when needed is valuable for any person in business. On Celebrity Apprentice, though the project manager gets the most credit for the job done, team members who showed initiative and leadership skills, while still following the leader’s directions, are often recognized by Mr. Trump. For example, in season nine, on a project creating advertorials, wrestler Bill Goldberg became increasingly enthusiastic and involved as the assignment went on and was praised, in contrast to Darryl Strawberry, who disengaged from the team and ended up going home.

Don’t let your emotions get the best of you:

When working with a team or with clients, you need to know how to manage your emotions and be aware of others’ feelings. This is a lesson we seem to learn in just about every episode of Celebrity Apprentice since watching rich people lose their cool makes for such great entertainment. NeNe Leakes in season 10, for example, was the project manager for a challenge and before the project even started, Nene went off on team member Star Jones — in front of the competition and the client. Even if her emotions were valid, she should’ve taken a moment to collect herself and notice that she was making the client (and everyone else) uncomfortable. Though she wasn’t fired, her antics put her up for elimination.

Play nice:

This tidbit fits along nicely with the previous one: sometimes you won’t like the people you work with, but you have to play nice to get the job done. Your boss doesn’t intend to hire people that you won’t get along with like the producers of the Celebrity Apprentice probably do, but that doesn’t mean that every personality will mesh on a team. If there’s one what-not-to-do lesson we learn from the show week in and week out, it’s that cutting down other team members and bickering internally will not lead to success. In the most recent season, Lisa Lampanelli and Dayana Mendozahad a fight-filled project, complete with name-calling and yelling matches, ultimately leading to a loss for their team (and plenty of drama for the ratings). If you find yourself working with people you don’t care for, make an effort to get along and act civilly; it will go a long way toward building team morale and a better end result.

Ask for feedback:

Going to a supervisor and asking how you can improve or why you weren’t chosen for a certain project or position can bolster your boss’s opinion of you. As long as you approach the situation with a humble, willing-to-learn attitude and don’t involve anyone else’s performance in the discussion, your boss will be impressed with your initiative. La Toya Jackson had been fired in a previous episode, but she requested a private meeting with Donald Trump, asked for feedback on why she had been fired, and ended up being brought back to the competition. You may not see results quite as quickly, but your supervisor will probably remember it the next time a project comes up.

Networking is important:

While your network might not land you a $300,000+ donation likePaul Teutul Sr. received from a contact in the season premiere of season 12, you can get opportunities, sales, and even more business contacts by reaching out and setting up an expansive network of peers. Though the networking we see on Celebrity Apprentice has more impressive names and bank accounts than yours probably will, you can see the importance of knowing people when it comes time to use a contact’s expertise or resources. Keep in touch with contacts so they won’t feel used when you need some help from them, and contribute to their projects when you can.

Take responsibility for your actions:

When you make a mistake, whether it’s big or small, your reputation will hold up much better if you just accept responsibility rather than trying to pass blame on someone else. Owning your mistakes and learning from them is a big part of growing as a person and as an employee or manager, and will earn you respect from peers and supervisors alike. Though George Takei was fired for the mistakes he made as a project manager, he took full responsibility and accepted the decision with grace and dignity. Trump and Takei’s fellow team members praised him for his class, and you can tell that if this was a normal working environment, Takei would’ve gotten to stick around.

Stick up for yourself:

Just because you’re humble and admit your faults doesn’t mean you should let people walk all over you or throw in the towel when you’ve gotten tripped up. We’ve seen it in the show’s boardroom time and time again: a person admits they had some problems with the latest project but points to their various successes in the past and their desire to continue on with the competition. And they’re spared from the dreaded Trump firing. Don’t be afraid to stand up for yourself if you’re in the line of fire and point out everything you’ve done right in the past; as long as you don’t try to throw someone else under the bus (or bring them under there with you), you may just get what you want.


Cheers!

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10 ways to get RICH by Warren Buffet

I was catching up with my readings last night and i stumble on this article. Its not the first time i read about warren buffet and his secrets to success, to be exact i already read a few but what i like about these articles is its simplicity, direct and common sense at some point, So i'm sharing the article with you

~Enjoy


With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Warren Buffett, 78, is Berkshire's chairman and CEO, and one share of the company's class A stock worth close to $119,000. He credits his astonishing success to several key strategies, which he has shared with writer Alice Schroeder. She spend hundreds of hours interviewing the Sage of Omaha for the new authorized biography The Snowball. Here are some of Warren Buffett's money-making secrets -- and how they could work for you.

1. Reinvest Your Profits: When you first make money in the stock market, you may be tempted to spend it. Don't. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he'd amassed $174,000 -- or $1.4 million in today's money. Even a small sum can turn into great wealth.

2. Be Willing To Be Different: Don't base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he'd fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that -- what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world's.

3. Never Suck Your Thumb: Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Warren Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking "thumb sucking." When people offer him a business or an investment, he says, "I won't talk unless they bring me a price." He gives them an answer on the spot.

4. Spell Out The Deal Before You Start: Your bargaining leverage is always greatest before you begin a job -- that's when you have something to offer that the other party wants. Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Warren Buffett was horrified that he performed such backbreaking work only to earn pennies an hour. Always nail down the specifics of a deal in advance -- even with your friends and relatives.

5. Watch Small Expenses: Warren Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits -- and your paycheck -- go much further.

6. Limit What You Borrow: Living on credit cards and loans won't make you rich. Warren Buffett has never borrowed a significant amount -- not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.

7. Be Persistent: With tenacity and ingenuity, you can win against a more established competitor. Warren Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Warren Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.

8. Know When To Quit: Once, when Warren Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick -- he had squandered nearly a week's earnings. Warren Buffett never repeated that mistake. Know when to walk away from a loss, and don't let anxiety fool you into trying again.

9. Assess The Risk: In 1995, the employer of Warren Buffett's son, Howie, was accused by the FBI of price-fixing. Warren Buffett advised Howie to imagine the worst-and-bast-case scenarios if he stayed with the company. His son quickly realized that the risks of staying far outweighed any potential gains, and he quit the next day. Asking yourself "and then what?" can help you see all of the possible consequences when you're struggling to make a decision -- and can guide you to the smartest choice.

10. Know What Success Really Means: Despite his wealth, Warren Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities, primarily the Bill and Melinda Gates Foundation. He's adamant about not funding monuments to himself -- no Warren Buffett buildings or halls. "I know people who have a lot of money," he says, "and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you'll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you've lived your life."

Cheers!

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5 Secrets to Drive Online Traffic to your Blog or Page

5 Secrets to Drive Online Traffic to your Blog or Page

Have you ever wondered or ask this “How do I Drive traffic in my blog or Fan page?” It’s the most asked question since we all want to drive traffic to our sites without spending that much on paid advertisements.

But for the not so versed, what do we mean by “drive traffic”. It’s the ultimate goal for most people specially those who want to share their ideas or for some its business. Simply put it, “drive traffic” means views, usage, ratings or popularity. Think about a famous music video or movie in youtube.com, let’s say “The secret video” most videos have at least 100,000 views. Meaning people all around the globe has viewed that item 100,000 times; it creates so much online traffic that it’s so popular that even if you do a Google search, the item appears. That is our GOAL, to drive traffic! So how do we do it??

What I am going to share is what I have learned from online research, feedback from people as well as personal experience.

To sum it up, there are 5 items that you can use to drive traffic in your site, blog or pages.

1.  Social Media
2.  Social Bookmarking
3.  Blog Comments

4.  Forums

5.  SEO

So first of all, Social Media. This is no longer a stranger for all of us, actually Social Media’s like Facebook, Twitter, linkedin and youtube has been used and capitalize by so many big companies that it is proven already how powerful it can be repeatedly. Take a look at some establish companies using the power of Facebook like Pepsi, coke, pizza hut even schools  and resorts have their own Facebook page that has millions of followers. You know what’s the best part? Most of these social media’s if not FREE are cheaper compare to the traditional advertisements!

So how do you do it? Most Social Media are FREE so take advantage and create your own page or accounts and keep this in mind:

          a.  Be Unique. Design it base on your brand

 b.  Make it interactive and FUN
 c.  Always remember to Add value to your friends or followers. Don’t just focus on your sales pitch 100 times a day
 d.  take advantage of different tools available
 e.  Don’t Spam

Social Bookmarking is more on giving, sharing or “bookmarking” the relevant links to your sites so that people can find you. I checked the trend for Social Bookmarking and there are a number of recommendations like Digg or StumbleUpon. My advice is to pick one or two, stick to it and see how the feedbacks come in rather than juggling all of them at once.

Blog Comments and Forums for me focus on one thing, Building relationships. This 2 are similar in approach since you will be investing some time to build rapport, establish trust and value not only to you but to the community as well.

Some tips about Blog Comments and Forums

          -     always ADD value. Remember, your building a relationship so avoid nonsense comments or sale pitches just to add your name in the community

-          Don’t do your Social Bookmarking here unless there is a separate thread for that

-          Respect other peoples post and or ideas

-          Use your name when interacting with the community

-          Always put value on your comments so that it attracts attention

SEO or Search Engine Optimization is a functionality available to blogs that helps you and the people find your ideas. Samples are

          -     Keyword search

-          Tags (words related to your post)

-          Naming Images or pictures

In most cases, like in Blogger, there is a built in SEO function and step by step procedures to help you so don’t be lazy in reading the FAQ’s. It’s there to help you.

So that’s what I can share with you today and I hope that it can help you further improve your online marketing may it be for business or for that personal goal that you were able to share an inspirational idea to someone.

Oh by the way! As my mentors always tell me, Great Ideas and Learning’s are useless (pardon the term) if you procrastinate and don’t put it into action. Those items above are proven methods by hundreds if not thousands of people, its time you prove it as well.

Thanks for taking the time in reading this article and feel free to share it to those in need.Dont forget to also stop by and share your  ideas and/or thoughts @ https://www.facebook.com/motivatewithdondyg

Cheers!