Showing posts with label self employment. Show all posts
Showing posts with label self employment. Show all posts

Sunday, August 23, 2009

Books - The Catalyst of Passion and Change

I have read several books on wealth, self improvement, business development, and sales as well as industry specific books on technical writing and content management. Recently I have found that I am not interested in being entertained by fiction when I read so I read business and industry magazines to relax. Honestly, I'm surprised I sleep as well as I do considering how much information is swirling through my thoughts at all times, but this is what keeps me sane I believe.

Anyway, a concept I find that shows up in many books is the idea of diversification. We know it is possible to start a business with one product, but we also know if you are not growing your business and moving forward, you are dwindling and moving backwards. It is important that the growth of the business is based on implementing complementary products or services that help increase the offering or reach a different market. To diversify a product offering can help support the growth of a company.

On investments, wealth experts all talk about diversification. My grandmother had lived through the depression in the 30's. One thing she had learned and lived was that it is important that your money would not all be invested in the same place. When she passed away my mother had to close out several bank accounts as well as find all the stashes she had around her residence. This may not be the best way to become wealthy but we can probably say that it is a good way to insure you don't loose everything you have earned when a bank closes down because of sub-prime mortgages crash.

So here I am at the beginning of my diversification into investment. I am approaching this change like I do every other, I learn. For business I had attended many training classes, programs, online seminars, conferences, and I continue to read books, often several at a time. I have mentors, advisors, have received coaching, and I participate in a mastermind group to ensure I have support and feedback for all my questions. For my new life addition I have invested in education to help myself understand real estate the way an expert would, through The Trump Institute. I am attending investment groups, networking with experts and surrounding myself with like minded people.

I was enticed in this direction through the ideas I have learned in the books I have read over the years. And this is my beginning. Books are often the catalysts passions. I would like to share three of my favourite books on wealth.
.....

Books Worth Reading
  • The Wealthy Barber by David Chilton - This book gives you the basics of the concept that anyone can be a millionaire if you are wise with your money. Found at Chapters and Amazon.
  • Secrets of the Millionaire Mind by T. Harv Eker - If you read this book you need to go to the Millionaire's Mind Intensive Seminar. Buy the book and register for the weekend at this link. Use registration number 286519 so my friend Jackie, who gave me the opportunity to change my "wealth blueprint" can be rewarded.
  • The One Minute Millionaire: the Enlightening Way to Wealth by Mark Victor Hansen - I've listened to this book several times. I like the idea that there is more than one way to make money, which helped change my mindset and start me on my path to diversification. Also found at Chapters and Amazon.
I hope you enjoy these books and your own transformation.

Friday, July 24, 2009

Exploring a Business Idea (helping during transition)

This last month I have been filling in for a friend to deliver a day long program to executives forced into transition due to the tough economic times. I started with her presentation and customized it to cover some of the items I am passionate about in business. I also made changes after each delivery to include information and suggestions offered by the participants.

The program is part of the outplacement program offered by Right Management (www.right.com) to employees being laid off. Right Management offers a variety of programs, support, and seminars to help these people transition into a new career as well as gives them this opportunity to look at self employment, which is valuable since close to 85% of all businesses in Canada are small businesses.

At the beginning of the day we have a room full of people with a variety of reasons for attending the seminar from "I had free time" to "I've been working on a business for years on the side". Many have no idea if this is even possible for them and can't even fathom how they would start. By the end of the day everyone is able to imagine what type of business they would start (sole proprietorship, partnership, or incorporation) and how they might start a business, whether they start from scratch, buy a franchise, work as a consultant, etc.

The people that fill this room are extremely experienced in their past positions often in global corporate leading businesses. The interaction from the questions and ideas with these people always gives me something to think about and is filled with stimulating thought and innovation. It is exciting to be a part of the beginning of the entrepreneurial process.

I get to see and help with the process through networking with BNI. I am an assistant director with the Ontario Central North region of BNI Canada and I love the opportunity to help people generate more business through targeted word-of-mouth networking and relationship building.

The commonalities these two support systems have is they allow people to become better, independent business owners, even if they stay or return to employment in someone else's company.

Reading
  • For those just in transition I like the quick read of Who Moved My Cheese, by Spencer Johnson.
  • For those ready to make a change there is Jack Canfield's The Success Principles: How to get from where you are to where you want to be.
  • For people that want to own their own business I usually recommend starting with Michael Gerber's The E-Myth Revisited.
  • And, for those already in business I like Masters of Sales by Misner and Morgan as well as every other book that will support the growth of your business and you as a business owner.