Tuesday, June 29, 2010

5 Characterists of all Successful Entrepreneurs

Today's entrepreneur is becoming more savvy than ever before. With the banking industry shuffling to manage new regulations and implement tighter controls on the loaning of capital, with businesses downsizing there staffs, with companies folding at record levels, a new breed of entrepreneur is born. More and more we see highly educated and very successful career oriented professionals stepping out of their comfort zone and into new and exciting fields they thought they were not qualified for.
Everyday I speak with people from all walks of life, and different social and economic backgrounds. Most have different skill sets and strengths in their particular field of study and career. But more and more, I see individuals seeking new challenges to better themselves, whether they operate a restaurant, have a successful career as a mortgage banker, are a stock broker on Wall Street, a law enforcement officer, a building contractor and even an unemployed actress. I have seen all of these individuals join ranks and become very successful as today's new type of entrepreneur.
What do they have in common that has made them all very successful?
One, they possess a burning desire to succeed or accomplish more than they already have. That desire comes from within, It is that feeling you have when you get up in the morning they propels you out of the house to accomplish more than you accomplished the day before. Its an constant thirst or hunger for success that does not diminish over time. It what keeps the great athletes coming back year after year to participate in their perspective sport and trying to break or set more records than previous years gone by.
Two, They set goals. They write down the specific goals and clear objectives and a specific time line to achieve those goals or objectives by a certain date. There is no wondering where they are headed and when they wish to arrive. Most people do not create a clear map of the direction they wish to go forward day to day, and end up in the same place no matter how hard they try to work, because they have not established a clear set of objectives to accomplish their goals.
Three, they plug into an automated system that will accomplish the objectives established to be successful entrepreneurs. Most successful entrepreneurs use automated systems. Automated systems are what Henry Ford, Ray Kroc, Sam Walton, Bill Gates, Warren Buffet, Donald Trump all utilized to become very wealthy in their time, and create a legacy in their respective industries right up to today and in the future.
Four, they recognize and understand their system must provide unlimited leverage to achieve their success. This is the real power in becoming successful in any business today. You have to be able to access the power of leveraging, the ability to attract the masses to your product or service that will buy your product or service, in essence make you money, while you sleep, 24 hours a day, 7 days week, whether you do anything to work your business..... OR NOT!
Five, they are teachable, willing to learn a new set of skills, guidelines, steps, system, what ever you wish to call them to change and become successful entrepreneurs. They learn what they need to do that will ultimately help improve their lives, careers, and income. This ability to learn and be able to teach yourself the techniques that are working now is what brings all of this together and separates the successful entrepreneur from those that fail.
By: Terry Sauerbier

Friday, June 25, 2010

Learn to be Wealthy

Millionaire income level is developed all the same way. To become a millionaire, and develop a mastering of wealth creation strategy is fundamentally based on the same seven steps. Every day I start out reviewing my goals and plan to develop financial security. Even during these troubled economic conditions there are ways of mastering wealth creation. You just need to be prepared for the opportunities to generate wealth when they present themselves. Here are seven steps to mastering wealth creation and become a millionaire.
1. Get your act together. Decide that you are going to change the way things are today and change them. You have to make a decision that you want to become wealthy first to become wealthy, this is a mind-set. Eliminate all the negativity that surrounds you and get your act together. Don't let the distractions of life continue to force you off course. Set your goals and act on them.
2. Get yourself focused on the prize you wish to achieve. No matter what your goals are stay focused. Sure there may be obstacles along the way, and sure you may have challenges to overcome along the way, stay focused! Nothing else should matter but putting in motion a specific plan to achieve your goals that you set up as the ultimate reward and satisfaction of mastering wealth creation. Everything you do in the course of your day should be action toward achieving your goals. If you really want to create a million dollar income and become a millionaire, you are your own worst enemy and without the focus and commitment, to your goal you will not succeed.
3. Get control of your finances. Nothing could be more important than this step, no matter where you are in your plan to create more wealth, you need to evaluate your current financial situation, begin to reduce any frivolous debt, control outgoing expenditures, and regain control of your finances. Yes the old saying is true today as it was in days past, "it takes money to make money." get control of your finances, establish an operating budget, stick to it everyday, freeing up the necessary capital to put forth to build a lucrative cash generating business.
4. Develop a 'positive mental attitude'. Stop for a minute and think, have you ever met a wealthy person that was just miserable because they were wealthy. NO! Most successful people have a great positive mental attitude towards life, and usually share this with others in their acts of kindness and generosity towards there fellow man. Stop reading the crap in the newspapers and on the internet about how bad things are. Stop watching the news, or listening to others about how tough things are right now. Get into reading books and articles about how to improve your self, be happy and positive and you will attack your plan to mastering wealth creation with more vigor and energy than ever before.
5. Have faith in yourself. Everyone is born with the same skill sets and opportunities to succeed right from birth. Tap into these reserves and stop doubting that you are not as worthy or as deserving as any man that created wealth on this planet has ever been. Most people trudge through life thinking that they were dealt a bad hand, or just don't have what it takes. If your knocked down, Get up! Dust yourself off, and get to work. Have faith that you can master anything you put your mind to, you just have to have the faith in yourself to do so!
6. Browse the money "vehicles" If you already know what yours is, so much the better. You're ready to move forward. if not, do some due diligence to make a sound choice to move forward in your quest to become wealthy. Your money vehicle should be something you can be passionate about, something you can obsess over every waking minute of every day. This "vehicle" should be a driving force that excites you and drives you. This will be the business that will provide the wealth for you as you strive to build it to a multi-million dollar brand.
7. Begin your practical education and training. Once you've selected your path for achieving wealth plug into the training and education needed to develop the expertise to be able to master wealth creation. Access any mode of educating yourself to consume the information to create wealth in the field you have chosen. Find mentors that have gone before you, attend classes and webinars, take positions in relevant arenas to grasp first hand knowledge. Learn as much information necessary to gain confidence in your plan of action to succeed! Review everything you learn from all the courses and systems, choose one, apply it, and commit yourself to just doing it no matter what!
Terry Sauerbier