On Sunday the 29'th of May 2011 I woke up with a burning desire to start a new challenge, one which would once and for all lay to rest the 'myths' that many people believe regarding starting a business. I would prove that it took no money, database or risk in order to start a new business from scratch and turn it into a very successful business within 2 years. This is something I have wanted to do for a long time and the time has finally come for me to put these business 'myths' to rest once and for all, if you would like to see my plan as to what I am going to do, click on the 'Continue Reading' button.
I wanted to share a part of my journal entry of this morning with you…
29th May 2011 – Sunday
This morning I woke at 1:45 and as usual my mind was bursting with ideas.
Is it possible to start a new business with:
And then to create a new database of more than 5000 people, from the one contact (prospect) in less than 6 months without it costing me a cent by applying the Wealth Creators Marketing Strategy™ and Formula For Riches™ (Cannot add my existing clients to the new data base)
Then to grow this business from a level 1 to level 7 business in less than two years by applying the Wealth Creators Strategy™ - (where a level one is only an idea and level 7 is a business which gives you financial freedom and you do not have to work in it).
In other words – is it possible to take an idea or concept, invest no money in it (not my own or the banks or any financial institution or any other persons money) and turn the idea into a business in less than 2 months (in other words get my first sale, and generate income) by following the Wealth Creators Business Strategy™. Then by applying the Formula For Riches® to grow the business to be worth more than $120,000.00 in less than 6 months and then to apply the Accelerator Principle™ to generate more than $1,000,000.00 in revenue within the first year?
If you are a Wealth Creator you can do it.
So I decided this morning, to take up this challenge.
I am going to document the process.
I will share this document with all Wealth Creators University™ students as part of their learning experience in the form of a mentoring process, where they can ask me questions and see what I am doing (I am going to follow the Wealth Creators Business Blueprint™)
Background:
Last week I started to work on an introduction video script for my next webinar and I think this triggered the idea this morning.
Why do I want to take this new business – without a name at this stage to a level 7 within a two year period? In order to answer this question I first need to make sure I understand the WHY.
Unless I understand and am clear about what I want to do, I will not be able to apply the Formula For Riches®, not only in the business but also in my investments – the surplus which I make from the business.
So let me begin this new idea by asking the question - what is the purpose of a business? I am going to document and prove:
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You only need to know one prospect to start a new business with no money or security if you apply the Wealth Creators Strategy™ and the modules of the Wealth Creators University™
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By applying the Accelerator Strategy™ you can gear the one prospect into 10 and the 10 into 100 and the 100 into 1000 prospects and the 1000 into 5000 or more (database) in less than 6 months
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By applying the Wealth Creators Strategy™ you can begin a new business with no capital or risk and then by applying the Accelerator Strategy™ you can grow this business to at least a level 3 business with an average monthly income revenue of at least $20,000.00 per month within a six month period. ($120,000.00 after expenses over the 6 months)
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By applying the principles of the Formula For Riches® all advertising (including Google, newspapers and radio) will cost me nothing and I will increase my database (prospects) over the next 6 months to more than 5000.
Why do I want to prove this?
Main reason – then no one can tell me ever again “YES BUT it is easy for you to do it because you have a huge database to start with” – this means I cannot go to my existing database until I have made at least $18,000.00 – which means that I will qualify as a Honoree Fellow of the Institute of Wealth Creators™.
Other reasons:
Just because it is going to be fun!
I will document the process in my journal (and excel) and use my journal entries to practically educate my Wealth Creators Students™ on how I go about in applying the teachings of the Wealth Creators University™ in order to:
1. Build a database
2. Add value to the database
3. Start a business with ZERO risk or capital.
4. Do the advertising
5. Do the Marketing
6. Grow a business and
7. Qualify as a Fellow, Honoree Fellow and Master Fellow of the Institute of Wealth Creators™ with this new business (no idea at this stage what I am going to do so it has no name) in less than 6 months from today.
What is the purpose of any business?
I immediately thought of the Double Your Income by Working Less Course lesson 1 where I actually asked and answered the same questions – so here it is just as a confirmation to myself:
• The purpose of your business & investments is to set you free.
• How your business & investments are doing is going to be the biggest indicator which will determine whether you are going to be rich or poor,
• Whether you are financially free or continuously struggling.
• Your business & investment success will be the single biggest factor in the money which you make and the overall level of wealth.
• It is also going to determine whether you are going to be free to enjoy your life or being shackled to your business - constantly having to work.
• Your business and investments are also going to determine the amount of time you are going to be able to spend with your family, besides all the things you can provide for them.
So the question then any business owner or entrepreneur should ask themselves is…
Don’t you want your business and investments to do so well that you can spend your time with your loved ones and give them what they want without having to worry about time and money and bills which must be paid?
Now 99% of all entrepreneurs are opportunity seekers and therefore their business will have a 50% chance of failing in less than a year and a 96% chance that it will fail within the next 10 years.
I know that by applying the Wealth Creators Strategy™ (instead of the Opportunity Seeking Strategy which 99% of all entrepreneurs will follow) I will have at least a 99% chance to meeting all of my challenges as I have set it out before.
So why is it so important for all business owners to learn how to become Wealth Creators and manage and grow their business according to the Wealth Creators Business and Investment Strategies™?
• Your income & financial growth depends on it.
• Your self esteem is influenced by it.
• Your lifestyle is determined by it.
• Your family relies on it. (not really true)
• Your free time is controlled by it.
• And your happiness is derived from what you are doing in your business and how your investments are doing for you.
In other words your wealth, health, happiness, freedom and family are all impacted by your business and investment performance. If this is the case then doesn’t it make sense to approach your investments and your business the right way - the way of a Wealth Creator?
Ok so the challenges are:
Let me know if you want the rest of this post…
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