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Message #1769
Friday, June 30, 2006
WEALTHY: Breaking through the inertia barrier (Michael Masterson)
HEALTHY: Early to bed … and the prevention of cancer
WISE: Alexis Carrel on inertia
ALSO IN THIS ISSUE:
The difference between a .250 and a .300 hitter (Robert Ringer)
When Google doesn't cut it … (Will Newman)
Add "panoply" to your vocabulary
How
Many Automatic Income Streams Can YOU Handle?
The Internet has now come of age as the most incredible marketing tool in history.
Think about it for a moment… It's possible to spend no more than a fiver, write a couple of basic ads, and have instant access to over millions of potential customers all in a matter of minutes!
This has created a real 'sink or swim' situation. Those who master Internet secrets will profit massively. Those who don't are simply doomed to sit on the sidelines and watch others make the real money.
Jim Sheridan s plan banked him $187,296 in one day. The great news is – you can copy Jim s plan exactly. The program is called Instant Internet Income and I guarantee it does exactly what it says it does.
Take a look at how Jim brought in over $175,000 in a single day!
- Patrick Coffey
"Life
leaps like a geyser for those who drill through the rock of inertia."
- Alexis Carrel
How to Grow Your Business Like China: A 3-Part Confucian Strategy
Part 2: The First Stage of Business Growth
By
Michael Masterson
Since our job at ETR is to find little secrets in our quotidian world that illuminate wealth and power and personal success, I've been dutifully mulling over that saying by Confucius since I read it the other day:
"Coming to the city of Wei, Confucius was asked by Ran Yu how a state should grow. First, he said, you need a sizable population. Then you need to enrich them. Finally, he said you have to educate them."
Although my experience here in China has helped me better understand how important these three aspects have been in putting this country at the top of the most-likely-to-succeed list of economic superpowers for the 21st century, I have been puzzled about the way Confucius ordered them. When we talk about developing our country in the United States, we almost always begin with education, talk obliquely about wealth, and leave out population size altogether. (Except to acknowledge that our middle-class consumer market has been, for the last 50 years, the largest in the world.)
But Confucius said grow the population first, then enrich it, and then, finally, educate it. That seems like such a risky way of doing things.
I've been thinking about how these three elements might apply to developing a business – and, if they could apply, what order they might be arranged in.
Let's start with the first directive: Grow the population. How does that make sense in a business context?
The first thought that comes to mind – defining "growing the population" as "growing your workforce" – doesn't make sense. When you are beginning a new venture, you want to keep your employee payroll as small as possible. Rather than shoot for size at that point, you want to keep things small and smart.
The next thought – equating population size with market size – doesn't make much sense either. Only the young and extremely foolish go into a business thinking they can create and grow their own market.
When it comes to starting a new business, then, what is the essential, first element of success?
It seems to me it has something to do with motion. When you decide to start a new business, you usually have only two things to work with: yourself and your big, new idea. Those are your working parts. Everything else is standing still.
You don't have any employees working hard for you. You don't have vendors supplying you with products. And you don't have customers.
You have your idea, yourself, and a big, flat world of stasis. That stasis – that inertia – is what usually defeats early entrepreneurs.
So it seems to me that Confucius's directive to grow the population first can be translated into business-building if you think of the size of the population as the amount of momentum you generate. The more momentum you have, the easier it will be to get your business up and running.
Any basic physics book will tell you that it takes a lot more energy to get going than to continue moving once you're in motion. Inertia, the force that resists change in speed or direction, is the problem. And this stillness has to be energized and shaken into motion if you want your business idea to work. It's an enormous task … and guess who has to do it?
Yes, creating that initial motion in your business will challenge you physically, mentally, and emotionally. To ensure your chances of success, be prepared to work harder, faster, and more intensely than you have ever worked as an employee.
A good way to break through the initial inertia of starting a business is to apply the same system ETR recommends for achieving any goal: Break the challenge down to its individual components and tackle them, one by one.
Once you do get the ball rolling, you will be able to enjoy the forward motion that momentum gives it. But every time you try to develop a new aspect of your business, expect to put forth the same super-human application of energy … because every new business situation has some amount of inertia.
At this point, of course, you'll have plenty of help. You'll still be responsible for breaking the goal into the tasks that need to be done to achieve it. But now, instead of doing them yourself, you'll be assigning them to specific people and monitoring their progress.
For example, in developing our new, residential community in Nicaragua, Daniel (my travel companion and partner in the project) assembled several teams of experts: architects, land planners, accountants, lawyers, engineers, etc. He appointed one of them, the architect, to be responsible for drawing up a Master Plan that plotted out the community in detail and allowed everyone to understand the many problems we would be facing to complete the project correctly and on time. Then he began a series of meetings with each of these teams to assign short- and mid-term objectives, argue with them about costs, push them on timelines, etc.
Daniel told me when we began that I was going to be "surprised" at how much work was involved in getting a big project going … and he was right. The work has been so demanding I'm not sure I would have gotten involved had I believed him.
Now that we're three-quarters of the way through the inertia, I feel better about things. I can see how the community will come together, how beautiful it will be, how much fun it will be to live there, and – if we get everything else right – how profitable it will be. Moreover, I can see that in six months or a year, I won't have to be working as hard on it as I am now. The professional teams Daniel started and prodded and pushed this past year will be up and running smoothly by then, and their energy and direction will be a big part of the project's momentum.
Because Daniel has been in this business for 30 years, he knew exactly what he wanted from each person we met with. He knew precisely the scope and range of the work he wanted done, when he wanted it completed, and the standard of quality he required. He was willing to pay good money to build a team of the right people. "It sounds expensive now," he told me, "because we aren't making any money yet. But it would be a lot more expensive in the long run – trust me – if we went with inexperienced people."
So that's the first thing you have to do when starting a new business: Break through the inertia barrier. On Monday, let's see how we can apply the rest of this Confucian strategy – enrichment and education – to business.
Today's
Action Plan
If you've been having trouble getting your new business off the ground, spend a little time today figuring out how you can apply Michael Masterson's insights about overcoming inertia to your situation.
Free
Research Report Reveals Walmart's Billion Dollar Secret:
This secret technology is creating record profits at ALL Wal-Mart locations.
This razor-thin device is quickly making its way into every product sold in the U.S.
And now Microsoft has struck an exclusive partnership with one innovative little company to make this "secret weapon" standard operating software on Microsoft Windows!
When Bill Gates puts the full weight of his company behind anything – you know it's only a matter of time before everyone is using it.
This backroom partnership will make fast millionaires out of its early investors. Get the free report that reveals the name of the best kept secret on Wall Street — and count yourself among the fortunate few.
By
Jon Herring
Several large population studies, as well as lab experiments, have shown a clear link between a woman's exposure to light at night and breast cancer. A similar link has been shown with prostate cancer in men. The risk is greatly increased for:
Those who frequently do not go to sleep until after 1:30 a.m.
Those who have the brightest bedrooms.
Late-night shift workers (and the longer they work nights, the greater the risk).
A study published in the Journal of the National Cancer Institute concludes that this is the result of a chronic suppression of melatonin – an anti-cancer hormone that is produced by the body only in the dark.
The solution? Get to bed before midnight (production of melatonin peaks at 1:30 a.m.), sleep in a completely dark room, and if you work at night, consider switching to daytime hours (especially if you have a family history of cancer).
The
Fine Line Between Success and Failure
By
Robert Ringer
If you've ever doubted what a small difference there is between mediocrity and success, think about this: In baseball, the difference between a .250 hitter (considered to be mediocre) and a .300 hitter (considered to be outstanding) is about one hit a week.
If you don't believe me, do the math yourself. Figure a player plays an average of six games a week and bats an average of four times per game. That's 24 at-bats per week. To hit .250, a hitter would have to get six hits a week. But to hit .300, it would take only 7.2 hits a week. And what's that one extra hit a week worth in salary? Probably several million dollars a year.
The takeaway lesson here is that you should never be tempted to take the easy way out. That one extra "hit" could be the difference between your being perceived as a winner or loser, between just getting by or being well off, between success or failure.
This is a hard reality for most individuals to grasp. Which is why so many people are frustrated when they see someone with lesser talent and brains achieve far greater success than they've been able to attain.
As David Ogilvy said, "Genius is the art of taking pains." And it all starts in your gray matter. You first have to make the mental commitment to do whatever it takes to achieve excellence at any given endeavor. If your commitment is unconditional, the second step is to materialize your thoughts (by taking action).
It goes without saying that this isn't an easy process. If it were, everyone would do it. Which is why your mental commitment must be unconditional. Whenever I'm tempted to avoid the extra steps that could make the difference between mediocre and superb, I find it enormously helpful to remind myself how much more value the world places on just one extra hit per week
There is, indeed, a fine line between success and failure – a much finer line than most people suspect. If you're going to err, my suggestion is that you err on the side of excellence. The tradeoff of investing more time and energy in everything I do always seems like a bargain to me.
[Ed. Note: If you are not yet a subscriber to Robert Ringer's insightful, wisdom-filled e-letter, A Voice of Sanity in an Insane World, sign up for your free subscription now.]
It's
Good to Know: The Best Meta-Search Sites
By Will Newman
On Tuesday, I told you how meta-search engines can make your Web searches faster and more exact – and I promised you a list of my favorites. Here they are:
Mamma.com calls itself the mother of all search engines. It simultaneously searches a variety of engines, directories, and deep-content sites.
You can specify 1 of 5 different areas to search: Web, News, Images, Yellow Pages (business addresses and phone numbers), or White Pages (people's addresses and phone numbers).
Dogpile searches all the best-known search engines, including Google, Yahoo, MSN, and Ask Jeeves. Its compiled results are much easier to use for general searches. For example, a search on "green tea" yielded 19,200,000 results on Google but only 115 on Dogpile.
Dogpile allows you to search Web, Images, Audio, Video, News, Yellow Pages, and White Pages.
Beaucoup, like Dogpile, can search all the major search engines at once. But it also allows you to use 10 individual search engines if you need to (including AOL).
Beaucoup has an extensive list of content areas to click on and investigate, including Geographical, Society, Media, and People.
MetaCrawler searches the major search engines, including Google, Yahoo! Search, MSN Search, Ask Jeeves, About, MIVA, and LookSmart.
With MetaCrawler, you can search Web, Images, Audio, Video, News, Yellow Pages, and White Pages. It also has "Advanced" options that allow you to search for "all the words" or "the exact phrase." And it allows you to save your preferences on the website (if you have "cookies" activated on your browser). These preferences include number of results per page, adult content on or off, and spelling correction.
Which of these meta-search sites is best? Each has strengths and weaknesses, so test them all. Though you may settle on one as your favorite, there will be times when one of the others may do a better job for you.
The best way to use meta-searches is as a starting point for your research. Mine the results for important ideas and concepts. Then, if you still need more, search those words in your regular search sites (like Google or Yahoo).
[Ed. Note: Will Newman is the editor of AWAI's The Golden Thread online newsletter - a free weekly alert loaded with writing and marketing secrets, tips, and insights.]
In the Next Hour, America Will Become $87.5 Million Poorer… Do You Know What It Will Take to Protect Your Personal Finances?
Every single hour of every single day, the United States racks up another $87.5 million in debt… leaving Americans with over $8 trillion – that's $28,060.88 per citizen – to pay back.
The renowned Levy Institute estimates that in just two years, the United States will owe foreigners (such as Japan and China) a breathtaking 60% of our gross domestic product.
And our future doesn't look much rosier. In 2005, one in every 53 American households filed for bankruptcy. That's 1,782,643 individual filings – more than the population of Dallas and Boston combined.
Despite the rocky road ahead, it's still possible to emerge with your assets and finances intact… and you could earn up to triple-digit profits while you're at it.
A "panoply" (PAN-uh-plee) – from the Greek word for "a full set of armor" – is a splendid or impressive array.
Example (as used by Michael Chabon in Werewolves in Their Youth): "The beige plastic bedpan that had come home from the hospital with him after his deviated-septum operation … now held all his razors and combs and the panoply of gleaming instruments he employed to trim the hair that grew from the various features of his face."
Michael
Masterson
Copyright ETR, LLC, 2006
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