Monday, November 17, 2008

Inspiration

I went for a talk last Thursday and it was really worth the trip.....
Some of my extract:
1) What should you have or do to succeed?
a) Strong family ties
b) Passion for what you do
c) Read! Don’t reinvent the wheel

2) What characteristics make a good entrepreneur?
a) Person who wants to be in control
b) Person who wants to make decision
c) Person who wants to take charge of his life

3) Why be in Business?
a) Want unlimited Income
b) Create Passive Income stream
c) Leverage on OPT, OPM, OPE (Scalability business. Can Magnify)
d) Freedom – To give you more life
e) Most reliable way to create wealth (Your job can be gone tomorrow!)

4) How to go about planning it?
a) What lifestyle you want? Can be $1500 or $20,000 a month. What you want?
Sit down and plan with your spouse/family. And then share the ideas/aspirations. And set a TIME LINE!

b) What strategy for your business?
Plan this out with your partners (if any) or else force yourself to sit through and create it.....

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Anyway, makes me think about life a lot....

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