Life of a Youthepreneur part 14 : Network of people

Goal setting was set before i ORD from my army... Mentor teach me how money works over the years in army. I began to transform myself as in reading more business books and business magazine rather than hobbies kind of topic.

Mentor teach me the most important of all business is how many people you know in this world. The network of people...and good quality people. Many talents people are ar0und this world but not many people can lead them into a powerful team. Meaning not many people can gather talents around him or her coz is not a easy job ! In today world...many talents people are scatters around is a matter of time who going to lead them ! lead them where by using their talents and do something big! whatever business you do, u need lots of contacts or even a database of quality people or professional to help run the business or system.

Why many business fail ? not many people do not know the power of network people. why izzit so ? you can have different types of network. Network of big investors, network of professional that can help u when u in need or problems, network of supporters, network of customers, network of leaders etc ! is a matter of who u know and what kind of people you know in this Information Age.....

If I work hard, is it guaranteed that I'll succeed?

So what is your answer to the above question?

Most people say 70% hard work, 30% luck.

Do you agree?

I don't.

The truth is, if you work hard, you are guaranteed to succeed, period!

"But I've worked very hard, why am I not successful yet?"

I'll give you the answer later, but let me explain why hard work guarantees success.

The world is governed by a set of laws and these laws work with mathematical certainty. Some of the well known laws are the law of gravity and the law of action and reaction. These laws are taught in school because they can be proven by science. Some laws cannot be proven scientifically and thus, they are not in the mainstream of our education. One of these laws is the law of compensation.

The law of compensation simply states that you get compensated for whatever you contribute, nothing is lost and nothing is wasted. If you work hard, you will succeed. That's it. There is no other conditions. There is no BUT..... There is no UNLESS....

Ralph Waldo Emerson (1803 ~ 1882), one of America's most influential philosophers, explains the law of compensation: “The whole of what we know is a system of compensations. Every defect in one manner is made up in another. Every suffering is rewarded; every sacrifice is made up; every debt is paid.”

If you work hard, creative ideas will come to you. If you work hard, you will meet benefactors and other people who can help you to succeed. If you work hard, resources that were not available to you in the past will become available to you now. What other luck do you need?

"But I've worked very hard, why am I not successful yet?"

This question was also asked by a friend of mine, who said that he had worked very hard and yet his business was still not making money. He said he was not compensated for the hard work he had put in.

Is it true? Let's see.

The truth is this friend of mine had been working very hard to solve problems, not working very hard to make money. He had been working hard to solve his problem with his supplier. He had also been working hard to help his employees to solve their problems, which have nothing to do with him! He worked hard to solve all kinds of problems. So in the end, the law of compensation worked. He becomes a great problem solver. The only problem he didn't solve is to earn enough money to continue with his business.

Take myself for example. I try to spend most of my time on money making activities. I'm either promoting my websites or networking with my customers or creating more products that can make more money in the future. As much as possible, I leave other tasks like customer service and accounting to other people. What about problems? Well, I have been "advancing" from my problems for a few years and I have little problems to solve now. What I have now are challenges. Problems are boring and annoying, challenges are exciting and interesting. See the difference?

The law of compensation only warrants you success in the area where you've worked hard, not in the area where you "think" you've worked hard.

For instance, if you have been working hard days and nights to provide for your family and one day your wife leaves you because she says you don't love her, please don't be mad because the law of compensation in this case only compensates you with financial stability, not love. See what I mean?

Another example, you may be working hard to learn how to make money online. If you do just that, you may deserve a degree on how to make money online, but you will NOT make money. You will only make money when you work hard to do things that can generate profits, not learning how to make money.

I hope I've given you enough examples to illustrate the idea.

After today, I hope there is no more excuse for any underachievement in you. Work hard and success will be inevitable. Just make sure you are working hard at the right thing!

Life of a Youthepreneur part 13 : Goal Setting

Goal Setting

Definition: Establishing short- or long-term objectives, usually incorporating deadlines and quantifiable measures

If you really want to make a success of your business, it's important to define your business goals, especially before you get started. For some people, the goal is the freedom to do what they want when they want, without anyone telling them otherwise. For others, the goal is financial security.

Setting goals is an integral part of choosing the business that's right for you. After all, if your business doesn't meet your personal goals, you probably won't be happy waking up each morning and trying to make the business a success. Sooner or later, you'll stop putting forth the effort needed to make the concept work.

At its simplest, a goal is just something you aim for. But goals are powerful contributors to successful business growth in several ways. To begin with, the process of setting goals forces you to think through what you want from your business and how growth may--or may not--provide that. This process helps suggest directions for pursuing that growth, which can greatly improve your chances of achieving your goals in the first place.

Goals also give you a framework within which to work. This tends to focus your efforts by helping you rule out actions that won't contribute to achieving the goals you've set. A very important part of that framework is a timetable. Any good goal has a timetable, and that timetable will influence your actions profoundly. When setting goals, aim for the following qualities:

• Specificity. You have a better chance of achieving a goal if it's specific. Raising capital isn't a specific goal; raising $10,000 by July 1 is.
• Optimism. Be positive when you set your goals. Being able to pay the bills isn't exactly an inspirational goal. Achieving financial security phrases your goal in a more positive manner, thus firing up your energy to attain it.
• Realism. If you set a goal to earn $100,000 a month when you've never earned that much in a year, that goal is unrealistic. Begin with small steps, such as increasing your monthly income by 25 percent. Once your first goal is met, you can reach for larger ones.
• Short and long term. Short-term goals are attainable in a period of weeks to a year. Long-term goals can be for five, 10 or even 20 years; they should be substantially greater than short-term goals but should still be realistic.

There are several factors to consider when setting goals:

• Income. Many entrepreneurs go into business to achieve financial security. Consider how much money you want to make during your first year of operation and each year thereafter, up to five years.
• Lifestyle. This includes areas such as travel, hours of work, investment of personal assets and geographic location. Are you willing to travel extensively or to move? How many hours are you willing to work? Which assets are you willing to risk?
• Type of work. When setting goals for type of work, you need to determine whether you like working outdoors, in an office, with computers, on the phone, with lots of people, with children and so on.
• Ego gratification. Face it: Many people go into business to satisfy their egos. Owning a business can be very ego-gratifying, especially if you're in a business that's considered glamorous or exciting. You need to decide how important ego gratification is to you and what business best fills that need.

The most important rule of goal-setting is honesty. Going into business with your eyes wide open about your ultimate goals lets you confront the decisions you'll face with greater confidence and a greater chance of success.

Life of a Youthepreneur part 12 : Dare to fail

Knowing that will power can call out a person full focus on something, normally they will did something that they never think of. Well not every time the will power can call out... one most important thing in everyday life that is people need to fail. Once you fail, success will come. You must dare to fail , fail and face the reality/facts/honest to yourself. You see not many people dare to face the reality... some tried to avoid it if they could.

In life most people try to avoid things they were uncomfortable with. They often want to be comfort zone. Meaning they are not willing to step out the comfort zone and learn something new each day. Even they could step out they are not ready to commit themselves. Why izzit so ? because when they met any problems they gave up easily. Just like business, normally you fail afew times before you success with one. Many people not ready to commit and prepare to failed yet they always thinking of making big money.. they not ready to learn new stuffs in life..in terms of financial planning,learning new skills,listen to the pro.

Most people like to avoid, the fear of fail often cause stop learning in life.. most of the time these people will start to blame their boss, heaven, other people. Complaining here and there...dont you guts find it strange? if that person got the time to complain why not put those time in good use? maybe learning something new or reading something interesting. Once they failed, most of fear of trying again... so if you thinking of making big money be prepare to fail and commit time =)

Life of a Youthepreneur part 11 : The Will power

After knowing so many type of business, every different type of business you must dare to fail a few times before you success in one. Not many people dare to fail or dare to face the reality in this world. Mentor always told me if you want something desperately on your mind you will really get it. At first i not sure what he mean by this but....something happened in the following weeks.

We were training in the camp for our SOC test. A test most solider fear of because to pass SOC you need to be really fit. Before the test we were training so hard for weeks, i was the weakest among the platoon and i always failed during training. Whenever i see people past during the training, i was asking myself when is my turn ? my mindset was abit out and i kept telling myself i sure fail during the test. I was so scare and dont dare to face it.

I remember correctly before the test they announced for those who pass their SOC test this week, will get to book out early the next day. That night before the test i called someone who i fall in love for a very long time. I was asking her if she free on friday for a lunch date ? To my surprised she agree and i havent pass my soc test. If i fail my test i will not going for date and if i pass i am able to meet her up. You see if i fail i need to wait for maybe a month or so to see her again, which i dont want it !

My mindset suddenly change, i was telling myself i going to pass to see her the next day ! before the test began , i never think of anything but the only thing on my mind was to see her the next day. The passing timing was 10mins , and knowing i never passed once, i never care about anything much but to see her the next day.

During the test i was running the last because the few exercise i was very weak , but i never gave up, i was very tired and shag during the test. Something trigger me during the test i see my watch and is going to 10mins ! my sudden will power to see her the next day was been trigger and exploded! my whole body was full of energy and i was running faster and faster never think of tired and shag. Finally i came in 9.59mins !!!! and i passed!

You see from this incident everytime people told me they want to be successful in life, are you sure? are you willing to overcome all the problems before you became successful. Human mindset is like this , in normal days we only using 5% of mind while the rest of 95% was hidden power. Yes the will power was very powerful because you wont believe you will did it. Normally to trigger will power only afew incident will trigger, sometimes when you are in danger, you want something desperately,you are in a quarrel. You will do something you believe it, and is the power to overcome your own limitation. And if you know how to trigger your will power properly nothing is going to stop you from advancing. Believe it or not is up to you but there is really such thing as WILL power. And if you apply on business or entrepreneurship term is very useful because everytime trigger you already knew you have overcome your limit. Every successful entrepreneur also overcome their own limitation before they became successful =)

Life of a youthepreneur part 10 : Different kind of business

After knowing different kind of people in this world, i ask my mentor again. Hey mentor how many kind of business in this world then? till now there are 5 kind of business you can step in.

Traditional type of business

this is where you develop your own business. To become successful in this type of business. You need to do the following.

• Find a mentor that already done what you want to do.
• Do not find adviser , adviser is someone who tell you how to do it, but has not personally done it
• Be careful of the advice you take, keep your mind open. You must first aware that which kind of Quadrant ( Read cashflow) people they came from.
• In Business world, you must be leader of people but not a manager of people. Managers often see their subordinates as inferiors. Leaders must direct people who are often smarter than them.
• Develop own system is harder and require lots of effort and time.
  
• You may fail more than one company.
• The hard thing about building a company from scratch you have two big variables : the system and the people building.

Franchises

Think of buying a franchise as buying a branch office of a business - a branch office that you'll own. Franchising is a way to distribute and sell products or services. A franchise is a contract between two parties, the franchisor (the seller) and the franchisee (you.) That contract governs how you'll do business.

For a price, the franchisor lends you the name of the business and gives you a detailed system to run the business. The product or service has to meet the franchisor's quality standards. The franchisor often supplies the products sold by the franchisee.

After paying an initial fee to the franchisor, you run the business. Frequently, you'll also pay regular fees, or royalties, to the franchisor. These fees are a percentage of the money the business earns.

The franchisor provides the know-how in marketing, management, financing, location, and training. You bring your entrepreneurial spirit and the drive to make the franchise a success.

Many franchises start out as one person's business. It succeeds, and the business owner expands the business by franchising it. The original business owner sells the right to operate branches of the business to people like you.

There are more than 320,000 franchises in the U.S., in 75 different industries. The International Franchise Association says that one out of 12 retail businesses in the U.S. is a franchised business.

• When you buying a franchise , you are buying a tried and proven system
• By buying franchise system, instead of trying to create your own, you can focus on developing your people
• Buying the system let you learn how to be a businessman
• The reason many banks will loan money on a franchise and not to a small start up business is because the bank recognize the importance of system.

Network Marketing

Also call multilevel marketing or direct distribution system. Just like franchises, the legal system initially attempted to outlaw.

It’s Year 2007 and no more traditional MLM like the past, it’s newage MLM now which all automatic system. All you need is to spend 1 or 2 hours at home doing your own business with your pc like me…

There are millions of people in Multilevel Marketing (MLM) who generate more then 6 figure incomes with ease in Multilevel Marketing.

Achieving great success with MLM is all up to your own personality. If you think BIG, it will be BIG with your action but if you think BIG without action the Multilevel Marketing opportunity will show you no results. The people who earn huge in MLM are the business minded types of person. All the successful network marketers who earn more then 6 figure incomes are entrepreneurs in their heart.

Marketing a Multilevel Marketing opportunity also requires you to be persistent till you succeed. Many don’t like this as it means having to work at it. The question is how much do you want your life to be? You must be focused on your objectives and goals. And be prepared to do a lot of learning as no learn no gain. MLM doesn’t require any initial experience in business but you must remember the learning curve that you will need to go through to be able to achieve huge success with a Multilevel Marketing opportunity.Right now mlm had already change in a way of not how good is their product but rather how good is their concept.

BLOGOPRENEURS – THE NEW AGE OF ENTREPRENEURS

You might ask what exactly in the world is a Blogopreneur? You might be also wondering what does it take to earn that title and what are some of the requirements to be able to be one.

Definition:
Blogger: One that shares his private life that happened through the day in an online journal.

Entrepreneur: One who assumes the financial risk of the initiation, operation, and management of a given business or undertaking.

Blogopreneur: One who takes time to blog about his personal life and the business that he/she is handling to make ends meet.

Taken from The young businessman blog http://theyoungbusinessman.blogspot.com/

Some Blogopreneur earn through Advs or by getting a good amount of hit rate in their website. One example is singapore famous Xiaxue who making thousands per month just by writing blog and herself. Is a new way of that entrepreneurs who make use blogging and the Internet as a medium to create an awareness of their brands and products

Internet Marketing

Internet marketing, also referred to as online marketing or Emarketing, is marketing that uses the Internet. The Internet has brought many unique benefits to marketing including low costs in distributing information and media to a global audience. The interactive nature of Internet media, both in terms of instant response, and in eliciting response at all, are both unique qualities of Internet marketing.

Internet marketing ties together creative and technical aspects of the internet, including design, development, advertising and sales. Internet marketing methods include search engine marketing, display advertising, e-mail marketing, affiliate marketing, interactive advertising and viral marketing.

Internet marketing is the process of growing and promoting an organization using online media. Internet marketing does not simply mean 'building a website' or 'promoting a website'. Somewhere behind that website is a real organization with real goals.

Internet marketing strategy includes all aspects of online advertising products, services, and websites, including search engine marketing, public relations, social media, market research, email marketing, and direct sales. The Internet marketer selects the best of these vehicles, given the organization's goals and audience.

Internet marketing is associated with several business models. The model is typically defined by the goal. These include e-commerce, where you sell goods directly to consumers or businesses; publishing, where you sell advertising; and lead-based sites, where an organization generates value by getting sales leads from their site. There are many other models (nearly infinite, actually) based on the specific needs of each person or business that launches an internet marketing campaign.