September 9, 2008

Are You Addicted?... Managing Quick Success Effectively...
Tap Into Profits with an Unavoidable Truth... How to Step
Forward as the Leader You are Meant to Be...
and More.

** Are You Addicted?
By Adrian Newman, Founder of e-Wealth Daily

All it takes is the first time, and then you're hooked. That's it, just once. What I'm talking about is a powerful addiction that many people simply can't fight. It takes over a large part of your life and forever changes you. Even the people around you change, never to go back to the way things were.

What I'm talking about is becoming an entrepreneur. Sure, it sounds more like a career choice than an addiction, but trust me, it's a decision that will change your life.

Recently, I was looking into the history of some local entrepreneurs. Some had found success, while others were still hoping that their big ideas would pan out. However, there was something many of them had in common. Almost all of them pursued idea after idea, leaving a trail of successes and failures in their wake.

There's no "once bitten, twice shy" for these entrepreneurs. And that's something I want you to remember. You see, your first idea may not pan out. There are no guarantees for success, especially when it comes to business, and a failure isn't the end of the world.

A business that doesn't make money may not help stuff your wallet, but it will fill you with knowledge and experience. You've already jumped into the pool; now it's time to start exploring every corner.

Perseverance is as much a part of achieving business success as planning and strategizing. Stick with it and keep working towards your goals. You may have to switch rails from time to time, because the journey is as exciting as the destination.

** Managing Quick Success Effectively
By Doug D'Anna, the "Hundred-Million-Dollar Man"

Sudden success can be a great thing, but it can also come with a number of complications and problems. So, what can you do if you find yourself overwhelmed with sudden success?

The problem is that if you don't properly deal with this sudden success, you might not have much of a future. You have to be able to keep up with the demand in an effective manner or you could end up being a fad business and stuck wondering what happened.

You want to make sure that you don't end up getting overwhelmed. If you're feeling that the demand and the work are simply too much to handle, then step back for a moment. Remember, having a business of your own comes with the bonus of being the boss and being able to make all the decisions.

If you need to take a weekend off, then do so. If you need to shut down business early one day, then do so. It is your choice to make; just be certain that you're not inconveniencing any customers in the process. The fact is that, if you're overwhelmed, you will end up providing poor customer service anyway, so you might as well take the time to regroup and get yourself prepared to deal with the large volume of business.

Along with stepping back, you have to remain calm. This is a good thing, so don't worry. You are obviously someone who has a mind for business, so use that mind to devise a plan. Calm and rational thinking must prevail if you want to make smart decisions.

For instance, someone who has experienced quick success might immediately think that they need to hire on 20 employees and expand the business internationally. Well, though this could be a good idea in the future, it might be a drastic move. You have to figure out how long this success might last and then a way to gradually work with that success.

If it appears as though this is more than just a passing period of high demand, then you will want to think about getting yourself some help.

When you start working 18 hours a day, seven days a week, you risk burnout. Putting in hard work is not the problem; working too hard is, though. There is a fine line that you must draw for yourself.

When you start getting tired and burning out, you start to make mistakes. You miss important things and that is a lot worse than recognizing the burnout and taking some time off. Start off by turning to family members and friends to lend you a hand. Even if it's just for an afternoon so you can tend to things you have been putting off personally. Or you might need them to help you out with administrative functions while you deal with the critical tasks.

It does cost money to hire someone, so, in the beginning, you may only want this person for a few hours a day or a few days a week. Consider looking to students for the help you need. You might even be able to arrange for an unpaid internship if your business is relevant to a college program.

Some businesses just strike a chord with people. Whether it is due to a product with perfect timing or a service that fills a huge need. What you have to keep in mind above all else is that you will be able to adjust if you remain calm and plan for every day.

Be sure never to neglect your customers, no matter how much work you might have to do. If you start to lose the loyalty of your customers, then you will find yourself with too much time on your hands and a failed business. Being busy is a good thing, so embrace it by managing your stress and your day.

** Tap Into Profits with an Unavoidable Truth
By John Hurd, Chief Wealth Researcher

Whether we want to admit it or not, we're all getting older.

Wait one second though, because getting older isn't as bad as we've been led to believe. Here's why.

I'm willing to bet you've seen a lot in your life. You've witnessed events that have made the history books. You've seen products come and go, all claiming they will change the world...and it's true that some of them certainly have.

Now, the question is, what are you going to do with the one thing you've got going for you? Something that all those young kids in colleges with their noses buried in books simply don't have.

What are you going to do with all of the life experience you've got stacked up under your hat? It's no good to you -- or anyone for that matter -- if you just leave it there out of sight. You've got to get out there, share your experience and find the people who are going to listen.

I'm almost certain you've seen changes happening around you and something has sprung up in your mind. A thought or two that could help improve your conditions and make life a little easier for everyone around you.

I know of inventors and businessmen who are more successful now, in their ''old age,'' because they have life experience under their belts, and they're not afraid to use it.

Today, I encourage you to put your ideas down on paper and start really considering their earning potential. It's time for you to unleash your true potential and show those young guys who's the boss.

In fact, you could even profit from your experience by selling your knowledge to the younger generation that is hungry for what they can't learn in books alone.

The school season is now in full swing and that means there are hundreds of thousands of students out there that could become your paying customers.

Getting started could be a simple as tutoring students if you have some sort of educational background.

Other fields to consider are offering your services as a mentor or by giving lectures about your personal experiences. You'll be shocked to learn just how many people want to listen to you and absorb everything they can from your words.

Now is the best time to start cashing in on your life experience, so evaluate what you know and get out there and find the people who want to learn from you.

**  How to Step Forward as the Leader You are Meant to Be
By Michael Newman, Self-made Millionaire

Whether you run a business where you're in charge of a number of employees or you're doing it all on your own, you'll need to possess strong leadership qualities. Strong leadership qualities ensure people listen to you, follow your lead and respect you, while giving you the ability to remain driven and focused on your goals.

When you're running an organization with people working under you, being a leader is of the utmost importance. If you're not, your employees and colleagues will see through you and won't give you 100%. This is because when the rough spots arise (and they always do), they'll be relying on you to direct them through the storm with confidence and vigor. If they see you staying in a reactionary state of mind, waiting for them to step up and take action, then you can likely bank on the fact they won't be with you for very long.

Becoming a good leader requires a number of skills that are easy to learn, provided you put the work in.

One of the most important traits of a good leader is having confidence and making sure the people around you see it, too. This requires learning as much as you possibly can about the industry within which you work so that you've got the ability to make well-rounded and educated decisions.

In addition to having the confidence to lead, you'll want to ensure you maintain a good relationship with those who work for you, and those with whom you conduct business. This means you should listen to them, value their ideas and discuss possible opportunities and thoughts with them. You don't necessarily want to take on a dictatorial or "holier-than-thou" approach, because it will isolate others and make you seem like a bad leader. In the end, you'll lose their respect.

Finally, as the leader, you'll have to step up and give the extra effort when it's required. You have to be ready to take the bull by the horns and be assertive when tough decisions need to be made and when the going gets tough.

The best way to lead is by example; so, by always putting your best foot forward, giving 100%, you encourage the people around you to stay motivated and do good work for you.