Entrepreneurs: Clarity and What I've Learned in 3 Years

I've discovered something.... something so liberating, so simplifying.... it's clarity. Clarity is essential for the home based business entrepreneur. I'll share some things today that will make a difference for you..... on CLARITY.

In effect, some real, no BS, Hype-free, unvarnished insight from someone that’s been successful in the industry for over three 3 years now….. pretty valuable stuff I’m thinking…

Clarity?? Yes, I said clarity….. perhaps the most important commodity available for your progress, sanity and success in business.

There’s so damn much noise in the marketplace today…

There are legions of pretenders out there… People who have no business giving advice on everything -- regurgitating stuff in ebooks, articles and emails that they lifted from someone else, all claiming to be the final authority on making money online, or ne.t.work mark.eting, or how to groom your dog or whatever.....

We’re bombarded by information, aggressive advertising, negative news, outrageous claims, people talking a lot of smack…… I mean everyone’s an expert, right? Or at least they claim to be….

In the meantime, so many of us are still looking for “it”, “the answer”, or “how it all fits together”…… well, look no further.

It’s time for some Real, unvarnished, un-hyped CLARITY….

But first, you’re saying “what qualifies you Matt on the topic of success in home business and online marketing”.

We love it when people ask that because we get to talk facts again….

1. 3+ Years successfully generating 100,000+/ year in profit for our family with our business.

2. Successfully transitioning from suit and tie (stressed, overworked, miserable) corporate 6 figure earner to home business entrepreneur/ stay home dad.

3. Successfully implementing the leading methods of marketing on and offline and teaching other team members how to do the same…..

4. Great relationships with some of the best marketing and success minds in the industry today – People who are mentors and leaders that get things done and aren’t afraid to tell the truth.

‘Nuff said….. you get the point.

Now for the meat of it…. [Clarity]… (drum roll Please)... What I’ve distilled after 3+ years in this industry.

Three things I believe that are important when evaluating any opportunity, business situation, or inves.tment on your part.

1. Is there sufficient leverage? Does it provide an opportunity for you to multiply your efforts through use of technology, other people’s time or money, or leadership example so you don’t reinvent the wheel? Can you work once and get paid on that work again and again? If you want to trade straight time for money, stick with a 9-5 job. If you want to create wealth and residual income, you’ve got to have leverage.

2. Is there marketing and marketing training in place? This is absolutely essential. You may represent the next vitamin that will reverse the aging process for the entire planet, but if no one knows, you’re dead….. I’ve seen more good people fail in home business with lack of marketing knowledge than anything else.

3. Is there a duplicatable system in place? If you want to do something creative, go learn how to paint, or write a book or take acting classes. If you want success with the shortest route between here and there, find a system that works.

Now, obviously there are a lot of people out there jumping up and down saying what you have to do to be successful….. some of it’s true, some of it’s BS.

All I’m saying is that for clarity’s sake, without these three elements it’s like buying a lottery ticket….. You may get lucky, but odds are all you did is make a little contribution to the lottery fund.

Finally, let common sense apply….

A business requires work. I don’t know of anything out there that doesn’t require some work. There are too many charlatans out there that give our industry a bad name by promising something for no work.

You must move towards the mindset of an entrepreneur if you want to get big entrepreneur results. Think like an employee to get employee results.

Practice personal development. When I don’t, my results suffer. I don’t know why this is, it just is…. I’ve stopped fighting this universal principle a long time ago.

There’s more to come. Next time, we’ll introduce you to one of the best examples of leverage in the marketplace today.

We’ll also talk further about marketing techniques and mindset – things that make all the difference between you working your job another 5 years, or being financially independent in 5 years…… You get to choose.

Until next time,

To Your Infinite Possibility,
Matt and Aisha Hempel

http://www.yournewlegacy.com

440.368.3535

Entrepreneurs: Are Baby Boomers Ready to Retire?

This blog entry is inspired by my friend Debbie Ruston, www.abundant-lifestyle.com . Really fascinating stuff around the baby boomer generation and retirement. Will anyone REALLY Retire? or are most retirees looking for the perfect retirement business? What we've found is that most retirement age people are more entrepreneurial than we previously thought... read on.

I recently read an interesting article on retirement, with some equally interesting statistics from the survey they conducted....Nearly 1/5, or 18% of men aged 45-60 who either retired early to start their own business or plan to do so said they expect to work for themselves "until they die". Among the boomer businesswomen, 12% said they will run their own businesses indefinitely.

The survey also found that this baby boomer group plans to work longer than ever. One in five said they expect to run their business for more than a decade while 38% targeted a working span between 6-10 years.

What the survey found is that many baby boomers are looking at this next stage in life as an opportunity to start new careers and new businesses. When these folks were questioned on why they want to keep working, 46% of men and 34% of women said it was mainly to stay occupied, .....27% of men and 31% of women said it was something they had always dreamed of......and 26% of men and 25% of women said they needed the money.

Don't you just love statistics? It seems like everyone feeds on statistics. I prefer a different message and that is ..everything in life is a CHOICE!! In their innermost hearts, most people want to own a business, they want independence, they want CHOICE in their life.

What brings more options and more choice into our lives? Money, time freedom and the ability to open our perspective to whats really possible. Three things, so simple but so elusive for most people because they don't really think they can do it.... they have no CHOICE.

Most will let fear hold them back from doing what they truly want. Take control of your life! If you have the entrepreneurial spirit, it is critical you honor that spirit and give life to it. Start a business today, even if it's selling lemonade at the roadside. It is truly liberating to have choice in your life..... Choose Choice.

In Service,
Matt Hempel
www.YourNewLegacy.com
440.368.3535

Entrepreneurs: the 80/20 Rule and Keeping the Main Thing

In my Liberty League direct sales business, profits are huge and entrpreprenurs are looking for ways to make more money in direct sales using leverage. Marketing is also very important to grow business and get new customers. It's critical, though, to understand that leverage is the most powerful force in being profitable.

Identifying the areas of most significance leverage is critical in other words

The 80/20 rule was originally proposed by an Italian philospher, Pareto several centuries ago. He stated that 80 percent of your business would come from 20 percent of your customers, 80 percent of your problems would come from 20 percent of your customers and 80 percent of productivity comes from completing 20% of your tasks.

So think about how you prioritize your day and the things you have to do. What can be delegated? Outsourced? completed by your spouse, kids? associates? Keep the main thing the main thing and recognize that 80% of your benefit and profitabilty will come from 20% of your efforts. Thinking like an entrepreur, in home business direct sales.

Keeping the Main thing....
Matt Hempel
440.368.3535

Entrepreneurs: Getting Rich In America by Money Magazine

Money Magazine recently had a fascinating article on being an entrepreneur, owning a business, creating wealth and becoming a millionair. I found it very encouraging that Money Magazine was delivering the Exact Same Message I have for several years now..

"There's more to life, living, working and creating happiness, wealth and abundance than working a job for a corporation". More people everyday are realizing the power of the decision to do something extraordinary and reclaim their lives. Many times, this means shedding the corporate security blanket and becoming an entrepreneur.

This is it. This is our shot... individually and collectively. Do not delay, do not hesitate do not contemplate. Take action, do what your heart is crying out for. You don't have to have all the answers, just a vision, or even an inkling of a vision.

Noone ever said on their death bed "I'm so happy I played it safe...". Without a doubt, the most satisfying, uncomfortable, exhilirating times of my life have been when I have chosen to take a chance on myself.

Check out Money Magazine's article on creating wealth, and getting rich by becoming an entrepreneur. www.money.com

Others are ditching employeeism for entrepreneur ism. You can too. Be Rich, Be Free, see you at the top.

In your service,
Matt Hempel
www.yournewlegacy.com
800.813.9591

Wealth Practicum: Entrepreneurs creating Wealth USING LEVERAGE not Franchise

Technorati Profile




Get entrepreneur home business to create weath working from home. This is the best home business using leverage to create wealth and become rich. Franchises and traditional businesses cost too much and deliver too little after too long to break even.

Entrepreneurs: Thinking Differently About Wealth and Success

I've had several interesting conversations lately with people that want to start a business, be an entrepreneur and create wealth. These are individuals who want better financial results, they want their own business, and they want freedom. I'm amazed at how ready people are to listen to the broke, tired, negative, worn out people around them when it comes to making a business decision to become independent.

As a matter of fact, it's downright scary for a 97%-er to see a fellow drone break out of their drone-ness to contemplate a different experience out of life. It's like the old story of the crabs in the crab pot with the lid open. If there's just one crab in there, she'll easily and readily climb her way out to freedom. If there are multiple crabs and one makes a run for it, the other crabs will reach up and hold onto that crab preventing her from escaping.
For many people, it's a far too painful experience for them when someone in their circle breaks away to claim something significant for themselves -- whether it's wealth, a new business, a new relationship, or perhaps a new believe or value set. It's painful because of the light and clarity it sheds on what's so -- what's reality for the person who wants to prevent the change. They're painfully reminded of their own dreams that died months, years, or even decades ago.....

We are all creatures of choice and creation though. Nothing is as it is to us that we don't allow. We create our own experience moment by moment. It is our great gift and our greatest curse!! We are responsible 100% of the time for our experience here on the planet.

Taking responsibility for our own results is the very first step in setting forth an entrepreneurial course. It is the only way we will truly experience what our choices bring to our reality. To become wealthy, to acheive success in financial terms, relationships, creative endeavors all begins with personal responsiblity.

Ultimately, we are all responsible for our own reality. Let the naysayers, and the negative people in your circle be responsible for their experience -- You be responsible for yours.... it is the law of attraction and the law of the universe at work in it's purest representation.

Apologies for waxing philospophic here.... just finished reading "Conversations with God: An Uncommon Diaglogue", by Neale Donald Walsch.

Modeling Success- It's All In Your Mind

Welcome back to the Wealth Practicum - A practical application of tools, techniques and approaches to creating wealth in the 21st century.

Today, we're going to discuss the concept of modeling. One of the most critical actions to take when achieving your goals is modeling the person who already has the result you want to achieve. I think that many people get stuck though in modeling actions or steps. While it's important to understand the things that a person has done to achieve the things they've achieved, I believe its MORE IMPORTANT to study, then model how the person thinks. We've learned that how a person thinks is the single most significant driver in the results that manifest on the outside. I would rather understand how a super achiever thinks than just simply the steps they've taken to accomplish some huge goal.

I've been studying Tiger Woods this week a bit. There was an awesome article in Golf Digest that really broke down his swing and his game to almost painful minutiae. I never knew there were so many derivatives of swing psychology or structure to work on- guess that's why I shoot 95 and Tiger's the #1 golfer in the world. Obviously this guy has a great deal of natural born talent, but so do others. Why Tiger? and Why the overall consistency in phenominal results? I really believe it's how he thinks that leads all the other actions and results that he's able to produce. A couple things stand out 1) He's intensely competitive. He wants to win every time and he wants to be the best. It eminates from him in everything that he says and does. It's clear that the standards to which he holds himself are exact and demanding. He practices intensely to correct minor flaws in his game, that left untended, would result in deteriorating results. Again, it's not what he does necessarily, but it's how he thinks about what he does that's critical. 2) He actively visualizes the end result. They say that Golf is the ultimate mental game. Tiger understands that in order to produce the result on the course, he must first produce the result in his mind - Visualization is such a powerful tool. He's been known to walk the course dozens of time before a tournament simply visualizing shots from various lies and locations. When he playing the tournament, he's already completed every stroke he will take - in his mind. Again, it's how he thinks that is the ultimate instruction here on achieving goals. Next time I'm on the first tee, I'll take a moment to close my eyes and visualize a perfect, smooth swing that launches a rocket down the center of the fairway about 325 yards - my golf buddies are amazed at my newfound capabilites..... hey, it doesn't hurt to visualize right?

Back to Modeling. If we want to model not only what someone does, but how they think about what they do, look at the result. I recently saw an hour long interview with the great Warren Buffet on CNBC that was brilliant. As you know, Buffet recently gave to the Bill and Melinda Gates Foundation the biggest charitable donation ever. Gates was commenting on his first meeting with Buffet, "I was intrigued with the way he thinks", Gates said of Buffet. Interesting that the richest man in the country said he was focused on how Buffet thought, not the new company he acquired, or the airplane or the private island he bought or something.

So, the next time you have a goal or a result you want to achieve, find someone who has already achieved that goal and model them- but model their mind, not just their actions and watch the results manifest for YOU that you deserve.

Welcome back to the Wealth Practicum - A practical application of tools, techniques and approaches to creating wealth in the 21st century.

I wanted to share some key things I believe are essential in creating wealth. The first is Leverage. Leverage comes in many forms. As an employee, no matter howWell paid you are, you are a source of leverage for your employer. As a real estate investor, you utilize leverage by borrowing money from the bank (opm or other people's money, right?) The more leverage you have, the less of your own money you're using. The key here is that you will never become wealthy as an employee working for hourly wages or on a fixed salary. You are a SOURCE of leverage for your employer and are not USING leverage to build your own wealth.

So what does that mean for the average person that wants to create an abundant, prosperous lifestyle? Clearly you need to be in a position where you are maximizing leverage, and that means for most people, being a business owner vs. an employee. Did you know that close to 90% of all people earning over $100,000 per year are running their own business and that the Home Based Business market is growing at around 12% per year. Over 20,000 people a day are responding to "start your own home business ads". Lets face it, most people are tired of working so hard for so little. The Rules are different today than they were just 10 years ago; if you are truly going to prosper you need to be entrepreneurial AND you have to have LEVERAGE.

The hard part is figuring out the best business to start and run. First of all you have to know that there is a lot of junk out there and I include Franchises in that mix as well. The internet has made it so easy to throw things up against the wall and see if they stick. There are all kinds of money games out there and you want to make sure you are picking something that has some meat on it. Also, there are a ton of people out there that are more than willing to tell you what to look for, that are totally unqualified to do so. Alternatively, I've been a home business entrepreneur now for 2.5 years, have done very, very well with it and I'm totally comfortable and versatile in the home business world -- and happy to share my observations with you...

1. First lets start with you. You have to know that a real business is going to require your effort. If they are saying that you don't have to talk to people or that its fully automated then be a little skeptical. Talking to people is still a necessary part of business. Also a business requires money to run it. If you have no money then starting and running a successful business is going to be a little tough unless you are someone who doesn't mind going out and meeting people face to face, or you have access to capital (OPM). In addition, you have to market. There is not a business on the planet that does not have to do some form of marketing to get customers, no customers no business.

2. Remember, leverage is important in selecting a home business -- here's an example -- what provides the greater degree of leverage? A) Coffee shop that costs $75K to open, $15K/month to run and throws off $10K/ month in profit? or B) Home business that costs $20K to start, $2K/month to run and throws off $10K/month in profit. Business "B" is obviously using leverage to a greater degree because it produces the same result with less money up front and less money ongoing.. Also, is there some form of residual income possible through the business -- In other words, can you do the work once, and get paid on your efforts over and over again. There's very powerful LEVERAGE in creating Residual income.

3. Is the product something that solves a problem or fills a need for people? Does it enrich someones life or experience while here on the planet? Also, is it a high end product? Remember to look for leverage -- you want a high end product that will pay you substantially more than alot of stuff that's out there. I would much rather do the work to create one customer that will provide a $1,000 profit than have 15 customers that will provide a $25 profit each. Same amount of work, same number of customers, and an EXPONENTIAL difference in profit. Also, with higher end products, there is a natural filtering/weeding out process that is critical to your growth. You don't want to work with people that are stuck in a poverty or survival mentality. Remember that creating wealth begins with mindset. If you're groveling around with a bunch of people fighting over a quarter in profit, or with a $500 dollar a month mindset, you're not going to create wealth.

3. Do you have other "add on" products to market once your customer is delighted with the first product they've purchased. Ask any major corporation out there in the market place, be it a software solutions company, car manufacturer, Sandwich shop or consulting company -- it is far more effective to sell additional product to existing customers than to continually create new customers. Find a business that provides you LEVERAGE in the ability to sell additional products to existing customers.

4. Is there a business system, marketing systems and effective sales presentations in place that assist you in running your business. Entrepreneur magazine is pretty clear that a business with out a system will experience 95% failure rate and that businesses with a system will experience a 95% success rate. This is why Franchises are so popular, you are buying a system that in most cases has been proven to work. Just remember a Franchise or any other business without a good market, products or a proven model will still fail. You want to have a business system that provides you LEVERAGE so you don't have to do it all yourself.

5. Finally, does the business fully leverage technology, tools and trends in place right now and looking forward into the future. If you want a business that delivers a multiple SIX FIGURE INCOME from home, you must be prepared to use the internet, conference call systems, audio and video technology, and online training and communications tools to the fullest. You must LEVERAGE technology to your benefit.

There is a lot to consider when purchasing a business but I will tell you the number one mistake people make when buying a business or starting a home business and that's picking a business based on what it costs vs. leverage criteria laid out here. You can get into a business with very little or no cost, but it will likely not provide the leverage you require to really make alot of money. Remember -- look for the leverage in any business decision and watch your bank account grow.

You can view my advertising website at www.yournewlegacy.com or www.richnewlife.com for additional ideas on leverage, business and creating wealth working from home. I can also be reached at matt@yournewlegacy.com with questions.