Blaine561's Canada, eh!

All wealthy business owners know that the difference between just being an entrepreneur and being an industry leader lies in choosing viable projects. The key is to focus on those ideas and projects that will give you the greatest return for the time, money and effort you invest in them – hence, choosing high Return on Investment (ROI) projects.

Successful people know how to discern a “cool” idea from a profitable idea. How many times have you said to yourself, “This is a great idea!” but nothing ever comes of it? Here are a few common scenarios that many eager entrepreneurs experience:

* “I’ve invested hundreds and thousands of dollars on a product or service that I thought was a great idea, but no one purchased it.”

* “I was brainstorming with a friend, and we both loved this idea of working together to create a seminar – but we never made it happen.”

* “I have a big vision of opening a school for (fill in the blank) but it’s funny, I never have time to focus on it.”

* “I know I need to implement a sales follow-up system and make prospecting calls – but I always get busy with other things.”

* “I can work in my business all day long, providing the customer with an excellent product or service, but I hate marketing and sales so I just never get around to those aspects of the business.”

Here is the bottom line… what you focus on expands. If you focus on activities that don’t generate a significant financial or emotional return on investment, you don’t really have a business. Period.

This concept isn’t just about financial return. Sometimes an idea is still viable even if it doesn’t provide a monetary return. R.O.I. can also be measured in the time you save by establishing systems in your business, so that you can spend more time on your business – and less in your business.

Your return can also be measured by credibility and prestige in your industry, which would lead to more opportunities. Your R.O.I. might be money saved by reducing errors in your systems. Your R.O.I. may be an emotional feeling of fulfillment or completion. A truly viable idea addresses all of these possible returns. So how do you assess your R.O.I.?

Five Questions to Assess R.O.I.

1. Will your idea move you closer to your bigger vision of success?

There are only two types of business activities: those that move you closer to your vision, and those that don’t. If you’re spending a significant amount of time focused on tasks that don’t move you closer to your goal, how will you reach your desired outcomes?

2. What is the potential revenue opportunity?

What costs will you incur? What will you charge? What volume do you need to sell to recoup your costs? At what point have you broken even, and at what point have you made a healthy profit?

3. Will it reduce errors or costs in the business?

Is this idea going to improve your process so you can reduce errors or costs? How will it impact the bottom line of your business overall?

4. Will it increase your time availability?

Will this give you more time in the end? Or will it take more time than it’s worth? It’s not uncommon for seemingly good ideas to turn into greedy time bandits that steal your time and money. Remember, 20% of your time investment should return 80% of your results.

5. Will it increase your prestige and credibility?

Is this idea going to position you and your company as a leader in your industry, increase your credibility, and entice your prospects to do business with you?

So Now What?

Once you understand what your R.O.I. criteria are, make a list of your top 5 ideas. Then test each idea against the 5 R.O.I. Questions above. Rank each idea using the following scale:

1 = Definitely No, 2 = Not Really, 3 = Neutral,

4 = Somewhat, 5 = Absolutely.

Lastly, add up the scores. The idea with the highest score wins. This is an idea that has enough viability to overcome the “cool factor” and really align you with your goals. Now, get started! Don’t forget to map out a plan and schedule the time to work on it.

One of the keys to being a successful Internet Entrepreneur is choosing a niche. One of the challenges of the World Wide Web is its expansive reach and versatile nature. As the old joke goes, the best thing about the Web is that you can do virtually anything, the worst thing about the Web is that you can do virtually anything.

Pick a starting point that you’re interested in and stick with it until you are successful or you have established that you idea is not as profitable as you originally thought.

Okay, when you begin to market, where do you start? You know you don’t want to compete with some of the large companies on the Net. However there are great opportunities for small and nimble operators.

Analyze what you are selling or what you want to sell. It should be in an area that you know a lot about or want of learn about. It may have wide appeal, but think of those it appeals to most. For example, does your product appeal to musicians? That’s a pretty wide market. Narrow it down. Who is most likely to be interested, singers or instrumentalists? From there you might want or need to narrow it even further. For example, your product might appeal to musicians of a certain age, or musicians who favor a certain kind of music or even a particular singer.

After narrowing it down as far as you can, think of appropriate keywords. Check with Google to see how many sites come up using these keywords. Next use a site that tracks keyword usage (such as Word Tracker or Overture) to see if there are plenty of users looking for that information. If there are enough potential customers and the competition is low, you may have found your niche.

After you have chosen your niche, try to use it in your Website title. This can help your Website ranking. Another tool for choosing a niche is to study the competition and find out how to make your site unique.

Choosing a niche will help your Website stand out. Find one with plenty of potential customers and little competition and you have a very good chance of watching your business grow.

This new way is catching on around the world. People are compounding money rapidly for themselves.

Its called “opportunity investment” and it has nothing to do with the traditional way to invest. Stocks, bonds, shares etc.

This is hands on. The entire premise is based on compounding and becoming the “investor source”

You see when we hand over our funds to “professionals” to invest our capital we dilute our returns dramatically. It makes sense if you think about it. They have no interest or incentive to manufacture returns any better then maybe 10% if you are lucky.

“Opportunity Investment” is a term that describes the process of taking responsibility for your own funds. Thereby becoming your own “investor source” What that means is that you determine by your daily actions and decisions, what your returns will be. I have managed over 2500% per year and it was easy. Starting with just $100 and on a whim, I compounded that in to $1 million dollars within 27 months

I discovered this 5 years ago. There is a book written by a guy who pioneered this formula and lives the results every day. Hayden Muller. The book is called “The inside trade secrets to an ethical opportunity investor”

The idea is to identify “investment objects” that are endowed with “excess intrinsic value” By recognising profit where others do not we put ourselves in the position to access this unseen stored portable value and transform it into profits which we pyramid and compound into a rapid fortune.

Its my opinion that this is not new at all. I believe, this is the narrow path that all “high net worth individuals” discovered for themselves. What is novel and new is the way its packaged as a book and disclosed freely to all who choose to recognise its worth.

I am so impressed with it, as were my associates, that we invested in an online resource to share with the many who already compound their wealth rapidly and certainly day by day. (Theres a link to the site below if you wish to learn more)

Theres revolution in the air. Ordinary people are daring to reach for their first million and taking it. Millions are not content to work their whole lives, then retire then die. They express it by their actions. They are living in large comfortable homes. They are sending their children to good schools, driving nice cars and living the life they choose today not tommorow.

We are part of that paradigm shift and we fan the flames with knowledge. Wealth education need not be complicated. Your wealth education could be alot simpler and direct if you choose it to be. Simpler is always better, and opportunity investment is the bare bones. The structure is robust and direct. Take it and earn like the many who already do.

“So much of what we call management consists in making it difficult for people to work.”

- Peter Drucker

Managing is often equated with controls rather than leading and developing a business. The manager feels more comfortable and secure when they are able to put in strict controls on everything that happens in a business organization. This is so especially of Senior Managements where the controls and directing becomes so severe that it erodes any creative freedom for the middle managers to work towards achieving the goals set out for them.

Here are a few simple prescriptions to get the best out of your managers.

Avoid Centralizing Decision Making

This is perhaps one of the best ways to achieve totals control. You feel by centralizing decision making you will be able to avoid wrong decisions. While this may be so to some extent who is to prevent your own wrong decisions. Unless your managers are able to make mistakes and learn from them you will never be able to develop expertise through experience. Centralizing decision making is also the surest method to kill your business growth.

Provide Working Space

The top management often entrust tasks and responsibilities to their subordinate managers. More often than not any specific time frames which are comfortable to achieve the given responsibilities or tasks are discussed. However in their anxiety or aggressiveness and sometimes over enthusiasm you start chasing your subordinate for action and results. If you do it too soon and too often you are severely limited the working space of your managers. They may be spending more time in complying with your commands rather than focusing on operational priorities and important tasks.

If you are not providing sufficient working space for your managers you are surely heading towards disaster as important tasks may be getting neglected to escape from your frequent and aggressive follow ups.

Listen to Your Managers

While experience is an asset it also makes one arrogant and conceited. Sometimes one tends to believe because he is the superior, he always right. The Boss Is Always Right principle looks good only on posters. It doesn’t work if you want to build a Professional organization.

Cultivate the ability to listen to the voice of your managers. Most times they know better as they are more familiar with the ground realities. If you decide on their behalf and just issue orders, you will have clerks in the guise of managers as you have killed their initiative.

Don’t Get Into the Nitty Gritties

Once broad goals and objectives are set with specific time frames and key results are outlined leave your managers to perform. If you get into too many details and meddle with the execution at every stage, you may be sure to mess up the entire process and ultimately the results.

The key to managing effectively is to empower people across the management structure so that they feel part of the responsibility and ownership.

Andrew Newberry is a distant family friend that knew about my business acumen. He knew how I had been in his position only 24 months previously and had heard about the new life I was leading with the wealth I had generated. I could hear the earnest desperation in his voice, when he asked me “how’d you do it Jack”? His question was open and sincere. In my eye’s he was at a point where there was only one direction for his life to go…up.

Andrew needed to make money fast. His family were in danger of losing the roof over their heads and although Andrew worked a fulltime job, there were difficulties that created this current crisis.

He couldn’t understand how I had done so much considering my humble beginings, while he had worked at his current job for over 10 years and was saddled with the difficulties he was currently experiencing. He told me he had no money to invest or anything like that, but could I advise him on what if anything was possible.

This was my response to him.

You see, what he was asking me specifically was, “how do I make money with little or no investment” My mind ignored his emotional pain and focused on the reality. That is the reality of what he needed answering.

Talking about Real Estate investment or anything that needed a capital injection was futile for Andrew, he needed to hear something different. This is what I told him to do, step by step. I told him that if he followed these two steps, he would have $100,000 within 12 months. He did it in 6!

Step one, get a little money. Not much needed, a few hundred dollars would do, but he has to find something as a seed capital account. I gave him the URL of a broker that does paid surveys online. These brokers represent companies that pay ordinary people for their opinions. They typically pay between $50-$300 per hour. He got his wife busy doing these through the day and evenings, they had $1000 within 2 weeks.

Step two, Go Shopping I explained to Andrew the mechanism behind my success. Compounding, intrinsic value, leverage, rapid capital gains, pyramiding profits. I then asked him to compound that thousand dollars by 30% 19 times. In other words, I told him to find 19 investment-objects that were for sale that he could buy, that had at least 30% or more spare intrinsic value.

Intrinsic value is everywhere. Whether you are buying New York sky scrapers of marble pool tables or Bertram boats, every market has a percentage of sellers offering their goods at well below market value.

Andrew started with old cars because he was a mechanic and now he had a game plan he was going to compound his money with his existing skill set. He traded up and up until he had $12,000 in six weeks.

Get your calculator out and see how he did it, how he evolved his money without a hitch. Start with 1000 then multiply by “1.3″ which is the same as 30% Don’t press equals, just hit “1.3″ and multiply symbol again. Do that 19 times.

When Andrew sold his last auto deal, he was ready to get involved in Real Estate. With $12,000 it wasn’t much but it was enough to start applying the same principles with Real Estate. This is where his compounding really escalated.

It escalated, because now he was using leverage….borrowed money. He called me on the day he was ready to start compounding with Real Estate with another problem. As I advised him “get into Real Estate Andrew as quickly as you can, around the $10,000 mark its time to get into that game”

He had a problem. The houses in his area were dear, he couldnt see how having $12,000 was enough to get involved.

I advised him that he should forget about houses until he had at least $40,000 He should focus on raw land. Raw blocks are cheap, and easily re-zoned into a higher purpose. With just a small investment at the local town planning department he could re-zone a residential into a commercial or the other way around where appropriate. Its called a “soft” or “paper” rennovation. No painting, no work, just a few simple forms and a fee to pay.

Creating a new use is just one way to add value to raw land, there are many others. Andrew researched and discovered them all. He stuck with land after all was said and done. He discovered buying a large block and subdividing it was very profitable. The second deal he did, he bought a block of over an acre, surrounded by established homes for $300,000 (with a bank loan) It was a corner block and he split it into three handsome sized blocks, tailored to the upper market. The first two blocks paid out his loan and put profits in his pocket, the last block he used as collateral for another bank loan where he built his own beautiful mansion on.

He sold it for a final profit of $354,000

That was about 8 months after our little chat on that cold evening.

To your health and rapid success.