How
much is this piece of advice worth? Oh, absolutely priceless!
Not because it comes from the mouth of Minister Mentor Lee Kuan
Yew. Last month, I met a seasoned businessman who advised us
along the same line: "If someone wants to buy your
business, you must sell out and cash it in."
Hard
to believe, isn't it? Well, successful businessmen sometimes think
the most unconventional thought. In "The
Million Dollar Observation", we wrote about how a person
can evolve from being a 'square' to a 'rounder'. In fact, this
line of evolution is similar to Robert Kiyosaki's trademark EBSI
Cashflow Quadrant.
E → S: When an employee runs the risk of not getting paid by someone
else, s/he must quickly build a business through
which the world pays him/her (S stands for "small business
owner").
S → B: To grow a small business into a big business, something like
a better input must improve the business into a self-functioning
and self-financing system. It can be better technology
or extra hands. In any case, the originator of
the business stands to earn more through LEVERAGE.
B → I: Robert has always stressed that the
rich make their money work for them, primarily through
gaining consistent returns with interest from investments. The
'spare' cash for investing would come from the business system
which no longer requires more capital to feed itself.
However,
suppose someone comes along and recognizes your system to be an
excellent income generator, and s/he wants it. Usually, the
asking price is for a good lifetime value of the system (which
means it can be very high), and with this money you can
have when the generator is sold, you can pump more into your current
investment instruments for bigger returns. Alternatively, like
what MM Lee said, you use the money to buy something of urgency,
e.g. a home. If you had not sold your business system, how long
more do you think you can wait to amass the capital to buy a home?
The
transition from E to S is building a business. The transition
from S to B is leveraging a business. The shortcut from B to I
is selling out the business.
You
see, the 'trick' about successful and shred businessmen is that
with the experience they gained from creating income generating
business systems, they know they can always think up another
new idea. Who's afraid of losing a business system?
The
moral of the story is this: Do not fall in love with your
business! When someone wants to buy it, consider the
occasion a GREAT opportunity.
********************
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Fresh
Picks
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********************
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Imagine
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The
Human Inter-dependency Dynamics
How
Is OPM possible?
********************
How
Is OPM possible?
We
were grateful and humbled by the questions you
, or the other subscribers have sent in to receive our
The Million Dollar Observation
report. At the same time, we were smiling to ourselves when we
found that other questions were pre-empted with what we reveal
in the e-book. We can imagine you said, "Oh my god, they've
just given me the answer."
There
are a few interesting ones which we think requires urgency, so
we've posted 2
questions for the floor and want to invite you to contribute
your opinions.
Nelson
has something to expand on this whole idea of OPM, what is it,
and how to take advantage of it.
Any
further questions, you may fill in this questionnaire
and get the special report, or you can send us another one through
a link near the end of the report. Remember you can jump straight
to Chapter 11 and take action on the instructions.
Don't lay stagnant :) Take action and we will move you along.
This
is quite interesting. It's about the dynamics of how a society
or civilization sustains itself according to supply and demand:
Internet
Marketing Saturated? by Jerry Lunsford
Say
"Cheeeeseeey" ,
Nelson Tan
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Essential Notes:
1) In most cases, think of how you can incorporate
and apply helpful ideas gleaned from the information presented in "The
Human Inter-dependency Dynamics" section within your immediate
surroundings, particularly how you conduct your online business with
others and your masterminding groups.
2) All 'self-development' techniques and strategies
should be exercised under 100% of your own responsibility and within
your best discretion. Although Internet Mastery Center aims to push
the frontier by presenting interesting reports on attaining peak performance
of the mind, it should not be held liable for undesirable results and
neither should you personally recommend all presented techniques and
strategies in Internet Mastery Center's name. If you know certain techniques
and strategies go against your personal values, belief system and/or
conscience, DO NOT CONTINUE to practice them.
