According to the Consumer Awareness Institute, gambling is statistically more likely to be profitable than participating in multi-level-marketing companies.
A lot of the MLMers I’ve meet do have that gambler attitude. Money lust and will do anything to get more.
A business is a money making machine but more importantly it is to be successful a contributor to client. It provides a good service and/or product that the client wants. It must make money in order to help clients. MLM can do this however their success rates are extremely low.
Read the full article and learn about MLM before you get into one.
Simpleology Blog: Is Gambling More Profitable Than MLM?
If you don’t have critics then you aren’t trying hard enough. You think I’m kidding. I’m not. You’re not pushing the envelope, you’re not sharing yourself enough, you’re not out there.
I get criticized and laughed at when I say you can be successful and not be a workaholic. Many people like that is a big big lie. Their mentors are major workaholics. So they think I’m nuts.
These suggestions from Alexandria are helpful when you get critics. Hopefully soon if not already because it is a sign of success.
What I HAVE learned is that if any of these critics get nasty with you, don’t sink to their level. Remember that as a publisher you’re also in the business of customer service. I typically handle it via one of these three methods:
a) respond calmly and acknowledge their point (some people just want to be heard)
b) disregard or delete their message (if their comments are so inappropriate or hurtful that I can’t answer back calmly)
c) remove them from my list (if they are obviously just trying to make me feel bad)
Even better: Have someone else screen your email, like I do now. My assistants protect me in a wonderful way, and only pass on to me what I need to see. This does wonders for my mood and keeps me in a positive place and in good energy!
Through these petty annoyances, remember the big picture of why you started your e-zine or your current venture. It was likely to gain credibility and “expert” status while increasing your marketing reach and revenues. Your professional reputation is always on the line.
You may want to lash back, but in the long run, it ALWAYS pays to take the high road.
Got Critics? Yeah, Me Too…
Guy Kawasaki has a funny and so true post about young entrepreneurs.
If you want additional proof that we’re in a bubble, here it is: young people are trying to get into the venture capital business again.
His advice for young people just out of college to create a product or service instead of immediately going into a venture fund is good because a venture fund is the last place you should work in your career, not the first.
It reminds me of Real Estate Investors. I’ve known some that do a couple of deals and then immediatly go into coaching and teaching. When you ask them how to handle a down turn market they have no idea because they have never seen one. Then when a down market comes they continue to tell students that is is still easy even though the only money they are making is in teaching. I also see this big time in Internet Marketers. Great copywriting can sell snow to Eskimos in a snow storm.
Anyways, I degress. Check out Guy’s VC Aptitude Test. Great stuff. His questions are dead on.
How to Change the World: The Venture Capital Aptitude Test (VCAT)
Yanik Silver recently spent some time with Richard Branson on Necker Island. Yanik came up with 34 rules for Maverick Entrepreneurs. Here are the first three, check the link at the bottom for all of them. The last rule is highly recommended.
Getting back to it, I was flying on the way home from Necker and I was so inspired with our time there that I started creating my rules for successful entrepreneurial endeavors. I thought it would be top 10 list but I kept writing and writing in my journal and it came to 34 tenets that I’m calling…
34 Rules for Maverick Entrepreneurs
1. It’s got to be a BIG idea that you, your team and your customers can “get” in seconds.
2. Strive to create 10x – 100x in value for any price you charge. Your rewards are always proportionate to the value you provide.
3. You must charge a premium price so you have a large margin to provide an extraordinary value & experience.
Yanik Silver’s Internet Lifestyle Blog » Blog Archive » 34 Rules for Maverick Entrepreneurs
A very interesting study about dyslexia and entrepreneurship.
a new study of entrepreneurs in the United States suggests that dyslexia is much more common among small-business owners than even the experts had thought.
The report, compiled by Julie Logan, a professor of entrepreneurship at the Cass Business School in London, found that more than a third of the entrepreneurs she had surveyed — 35 percent — identified themselves as dyslexic. The study also concluded that dyslexics were more likely than nondyslexics to delegate authority, to excel in oral communication and problem solving and were twice as likely to own two or more businesses.
“We found that dyslexics who succeed had overcome an awful lot in their lives by developing compensatory skills,” Professor Logan said in an interview. “If you tell your friends and acquaintances that you plan to start a business, you’ll hear over and over, ‘It won’t work. It can’t be done.’ But dyslexics are extraordinarily creative about maneuvering their way around problems.”
The study was based on a survey of 139 business owners in a wide range of fields across the United States. Professor Logan called the number who said they were dyslexic “staggering,” and said it was significantly higher than the 20 percent of British entrepreneurs who said they were dyslexic in a poll she conducted in 2001.
Tracing Business Acumen to Dyslexia - New York Times
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