Your Dream Business

In a recent study, five thousand successful businesspeople were interviewed to see what traits, characteristics or attributes they shared. Not surprisingly, they varied enormously. Successful people come in all imaginable shapes, sizes, backgrounds, histories, skills sets, and personalities. There is no single "entrepreneurial type." This was as varied and colorful a group of humanity as one could imagine. But the researchers did find one trait in common: all the subjects had an intense passion for what they were doing.

There is a difference between being committed to your success and being interested in your success. If you are interested, you will do what's convenient. If you are committed, you will do whatever it takes - and doing whatever it takes is what you need to succeed in business, no matter who or where you are. It's no longer possible (if it ever was) to get by with a half-hearted approach.

"Yes," you might say, "but let's keep this in perspective. I mean, it's not like we're trying to change the world here, right?"

Actually, it's exactly like that. The truth is, successful businesspeople are driven by the idea of changing the world around them. They want to leave their imprint.

Of course, part of that passion is financial. When you're in business, it's natural to focus on money. Money, after all, is the medium of business; it's how you measure the relative success of what youre doing. But here is something that too many businesspeople never realize and are never taught: it's difficult to be genuinely passionate about money, because money has no intrinsic character.

There are two types of income. One is monetary income, and it's great to have the comfortable or even luxurious lifestyle it can provide. But in order to be genuinely happy and fulfilled, to be truly successful, you also need a healthy flow of psychic incomee. Psychic income is the feeling that comes from the sense that your contribution matters, that you are making a positive difference in the world. There is no better feeling than knowing your life and your business have purpose and meaning. This is the ultimate goal of a successful business.

Scale and size are not the issue here; impact is. It doesn't matter whether your business is a multinational nonprofit that feeds, clothes and shelters hundreds of thousands of disadvantaged people, a printing company that makes brochures and signs, or an auto body shop that serves your neighborhood. We've seen people who are responsible for putting a little plastic piece on the end of a shoelace be passionate about what they do - because they can visualize the safely tied shoes of children, athletes, students, fire fighters, hospital workers, the elderly . . . they can see their shoelaces having an impact on the world. From coffee shops to software giants, any business can make a contribution to other people's lives. Every time either of us has been a part of creating or building any business, for us that business has been like working on a cure for cancer. Successful businesspeople truly do want to change the world.

The United States today is buried under a staggering mountain of debt - trillions of dollars worth. How will this country ever be able to get out from under? There is one and only one way that will ever happen: through the efforts of creative and passionate people building the businesses of their dreams.

The planet's ecology is also facing some serious threats right now. How will we ever be able to solve our worldwide energy needs without ruining the planet in the process? There is one and only one way: through the ingenuity and passion of entrepreneurs.

People like you don't just want to change the world: you are changing the world. This group of people is going to rewrite the future. It's not about governments, corporations and organizations anymore. In the twenty-first century, it's the individual man and woman passionately in pursuit of their business dreams who will have a positive, transformative impact on everyone's lives.

This article is adapted from The Answer, by John Assaraf and Murray Smith (Atria Books), and reprinted with the permission of the authors.


About the Author

John Assaraf and Murray Smith co-wrote The Answer: Grow Any Business, Achieve Financial Freedom, and Live an Extraordinary Life. Assaraf is a New York Times best selling author, and featured in The Secret. Murray is known for corporate turn around work, most notably for taking the Indian Motorcycle trademark from bankruptcy into a $300 million company. For more on The Answer and the authors, visit: Read The Answer.

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Real Estate Training Course Tips With Simplified Property Analysis

Before you start making offers, learn how to analyze a deal. Many Investors have multi-page spreadsheets that list the return on investment 15 years down the road. It lists every conceivable expense that could ever incur.

If you need a calculator, it's probably not a deal. If you are running these numbers to tell if it's a deal, it's not a deal. If somebody says, I have a house and the after repaired value is $100k, it needs 10k in work and you can pick it for $50k. That's a deal, right?

Remember most deals are made, not found. This means it wasn't a deal until after the negotiation process. You want to hit home runs, especially on your first deals because you need to make sure there is plenty of profit in the deal. The worst thing you can do is get involved in a marginal deal and get discouraged before you get started.

Get used to analyzing and making offers before you get off the first call. The goal is to get your offer to them and start the negotiation process.

Just starting out? I still want you to see the properties before closing on them but eventually you'll complete the transaction without looking at them just like we do. Don't worry because I have included specific techniques to do the work for you.

Before I make an offer, I need the answers to 2-3 questions.

After Repaired Value: People tell me 'the current value is $___'. This makes no difference if it needs work. We're not basing it on 'as is'; we are basing the value on after repaired value. The first thing I need to know is what's the after repaired value?

Amount of Repairs: What's it going to cost to fix up? This is where you're going to catch a little resistance from people and especially with Realtors because they don't want to commit to a figure. One of the phrases that I use alot is 'just a ball park'.

Potential Rent: If this is a rental type property I'll need to know what kind of cashflow it's going to have to make sure the numbers work at the total cost. I'll need to know if it's a For Sale by Owner, what's their loan balance and are they current on the payments. You're probably thinking that the seller or realtor doesn't know this information or won't tell you but I'll show you in the section on negotiating exactly how to ask those questions and get your offer to them before you get off the phone. I'll show you how to make low offers and not have them hang up on you.

In my market we have to be able to wholesale houses at 70% of appraised value. (This may be different in your market) This includes purchase, repairs and closing costs, so I have to buy the property at 60% - 65% or less.

When running numbers, you always want to use worse case scenarios. For example, if your seller says that the house is worth $80-$85k, you are going to use the $80k. If they tell you it needs $10- $15k in work, you are going to use the $15k. We always figure in the rehab closing cost, so that is the worst case scenario.

If an Investor is paying cash or has their own money, they'll actually make out better. If they also do some of the repairs themselves, they'll make out better. Because we are basing our rehab cost on hiring someone else to do the work and we've already gotten 2-3 estimates on the repairs, we give those to the buyer.


About the Author

For more articles and a 10 part e-course on how to create your own Ultimate Buying and Selling Machine! plus over 50 training audios, simply go to www.LarryGoinsFreeOffer.com where you will gain instant access

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Making Money Online

Making money online is not as impossible as it might seem. You dont have to have an innovative idea no one has done before. There are many ways you can make money online. Chances are good there is someone else selling the same product or service online also. So, you will want to do your homework research your competition. You want to know what they are doing and how they are doing it. You may want to under cut their price just a little, but you will need to make a profit or you will put yourself out of business. One of the most important factors with running a business online is traffic. You want people visiting your website. If they dont buy the first time, they may come back another time. You want them to remember your website, so you will want it to stand out in a crowd. It will still need to be user friendly because you dont want them to remember your website as the website they couldnt figure out how to use.

In other words, making money on the Internet is not any different then making money in the physical world. You will have to make a monetary investment into your business, and you will have to be willing to do the work necessary to make the business run smoothly. It takes more than a couple of clicks of your mouse for you to make money on the Internet. You want to send traffic to your website. The best way to send traffic to your website is to advertise. You will have to learn about the different ways you can advertise on the Internet. When advertising on the Internet, you can spend a large sum of money in advertising and it wont do any more for you than if you had advertised with the same place, but spent less money. Google adwords is a good example. Google adwords is a good way to advertise, but you can end up spending a fortune very fast. In fact Google will even tell you. Google will work with you as far as setting a daily advertising budget and they will stick to it. They will give you plenty of tips and pointers to help you when advertising with them.

Choose the product or service you will be selling on the Internet carefully. If you choose to go with a product, make sure there is plenty of profit margin. Many people will start their online business using online auctions such as Ebay. Ebay will charge you a small fee for listing and selling your items on their site, but if you have a website, Ebay will also allow you to link your item with your website. This gives the customer interested in your product to look at your website where they will be able to see all the products you offer for sell. By starting your business this way, you will need only a small amount of money to start your business.

Another type of business you can start with very little investment money is contract labor. You will work for yourself and the client who contracts you for the job they need performed. You will need to look for positions on the Internet job sites in order to find positions which you would be qualified to perform. You will apply or bid on the project and if you are awarded, you do the work to the customers satisfaction and you will be paid. You will need a small amount of investment money because the job sites will ask you to by points in order to bid on the jobs or you will have to pay a monthly fee in order to apply for the jobs you are interested in and qualify for. With this type of business the more computer software you are familiar with the wider range of jobs you will probably qualify for. You will be able to make money even if you only know Word and know your way around the Internet.

So as you can see they are many different ways you can make money online. All you need is to do it.


About the Author

Ray Subs works with Make Money Online as a public relations consultant, more information about Make Money Online can be found at

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Wake Up America: Time to Up the Ante!

Think. What would it happen if Friday record breaking $138.54 jump of oil barrel price tag increases to $200.00 per barrel? If you think you do not need to hear this, think again, an intelligent prediction could mean 2012 for economic change. Do you have to be a rocket scientist and the economic maven of the world to know what will happen to America and other countries?

If you read the economic numbers of the 90s, the pattern expenses of the latest years since 911 and the way our ruling has kept inflating the economy to try keep us the consumers confident about spending, you might feel either betrayed or scared. The truth is surely hard to swallow. Since you are reading, educating yourself of perhaps reminding yourself of a given truth, you might like many of us have already said that is either time to up the ante or to wake up.

If consumer spending makes about 70% of all economic activity in Puerto Rico, USA among other countries, do not think it would be wise for the ruling to keep you confident about spending - let alone not keep you worry that you can lose your secure income source at any given time. If you have acquired a loan you probably know that it has been easier than ever to get yourself in debt with 5% interest rates. It is a genuine way to maintain the economy afloat to combat the inflation caused by energy prices.

Do you have a job right now? Think of brands, automobile industry to change previous particulars. To demonstrate the particulars even more clearly, not only many airline industries - but example brands like GM, Delphi, Lucent about many others that anyone can hit a little diligence and note that few of this brands are already in the hole with $2,200 for every automobiles leave their production plant do to pension expenses.

Now knowing a little about the law, by law, when a pension plan remains under funded for a certain timeframe, companies are required to use their earnings to fill the gap. What happens if there are not more earnings? Insurance covers everyone? If anyone by this stage thinks the economy is starting to improve, the only think few of us can personally say to friendly America is - wake up!

Most people are spending based on borrowed money, home equity loans being one personally enjoyed with earned luxury in the past year to mention with relief, how about you? Job creation are not the one to thank for this behavior, it is the flexibility the majority of people with access to a bank with some given credit that is still producing spending sprees.

To a look at a successful company, you do not need to see their finances - how about recognized maritime Crowley. Now if you are deep into these kind of studies you know that it is not about corporate growth, it is corporate re-structuring with new employed outsourcing operations in overseas countries to save company expenses - capitalistic moves.

Without much time, these are also classic reminding of our Internet bubble a few years back. Power, being unaware of the disasters ahead and Wall Street still having you at hello! Most importantly to know, I am not a fan of social studies, I am not a lawyer nor am I a maven scientist - many of us including myself just know how to read numbers and protect what is ours and what could be ours for the next days.

One thing is for sure, most of us have been suckered already plenty of times in the past, that is the good news for us living a realistic present and the future. There is no need to take a word of what I am saying, however, I would encourage you to take a look back when many of us were babies in the 80s, have a small study with Mr. Paul Volcker and start differentiating the likes of our latest contenders, my favorite fact numbered facts being countered with our latest Alan Greenspan.

There is no need to talk about record breaking federal deficits, record breaking bankruptcies, record consumer debt, oil diminishing, Iraq post-war issues, health care, weak dollar, pension crisis, global tensions, deficits in trade and many others that few of us do not have the time to form a 10 pound content gorilla. It is time for a change and upping up your anti, if you do it successfully and change what there is still time - your financial growth could be staggering!


About the Author

Finding Wholesale Merchandise is one of the business components Joaquin serves as reference source, e-commerce coach and certified author. His focus today is assisting people receive extra income through the acquirement of a Wholesale Video Games

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