Don't Do What You Do For the Money. Do It to Do It.
Billionaires don't keep doing what they do in order to make more money, they already have more money than they could every need, but they still keep working. Billionaires do what they do because they love to do it. However, they do use profit as their score card.
Here is a five step process that the self made super rich follow.
#1: Find Something That You Really Love To Do.
Every self made billionaire makes his money doing something that he really loves. Bill Gates loves software and is a total addict for high tech computerized living. He made his billions in software and high tech. Warren Buffet loves analyzing companies and he has made his billions in the share market using a buy and hold strategy based on an in depth analysis of the companies he buys. Donald Trump loves property, negotiating property deals and branding himself, and he has made his billions from property development and from selling branding rights to the Trump brand.
What do you really love to do? What sort of things would you want to keep doing even if you had billions? I know a couple who love to travel, and in particular they loved traveling in the Middle East. They now have a very successful wholesale travel business selling Middle East tours. Their business is set up to run on virtual autopilot and they spend most of their time traveling for free as the guest of hotels and tour operators who want to be included in the wholesale packages.
You have to find your passion!
#2: Workout How You Can Make A Lot Of Money From Following That Passion.
Without this step your passion is no more than a hobby, and often a very expensive hobby. Billionaires work out a way that they can turn their particular passion into a money making machine.
The world is a huge place with an enormous amount of people who spend money everyday. The total world economy is measured in numbers that we can't even relate to as being reality. Regardless of your passion there are enough potential customers out there to make you rich. All you have to do is to approach it as a business, with focus and dedication and you will find the way to turn your passion into wealth.
#3: Set Up A System To Ensure That The Profits Will Come.
A mistake that many people make when they go into a passion based business is that they end up in business mode and no longer have the time for their passion. As a result they never become billionaires or even millionaires.
Unless business is your passion you have to find a way to set up an infrastructure and system to take care of the business side. There are people you can hire who are better managers, better accountants, better salespeople, better clerical workers, than you will ever be.
See your business as a huge enterprise and progressively work yourself out of all the jobs that you don't want to do.
#4: Focus Your Energy On Doing The Thing You Love To The Best Of Your Ability.
If you build the infrastructure and system discussed in point 3 then that will allow you the time to focus on your passion. If your passion is negotiating residential property deals then that is what you should be doing. Someone else should be collecting the rents for you.
The very rich get very rich by focusing on the aspects of their passions that are their strengths. If you do that in a businesslike manner then you will get to the point where you are generating enough revenue to afford the infrastructure.
If, however, you get distracted from your strengths then you will be far less productive and far less likely to become really rich.
#5: Regularly Keep An Eye On The Profit Scoreboard To See If Your System Needs Adjusting.
Number five is what distinguishes a passionate but penniless person from a passionate wealthy person. Although your focus is on doing what you love most, you have to keep a critical eye on the profit scoreboard. If the profits aren't coming within an appropriate period of time then you need to improve your business model.
You have chosen to pursue your passion as a business not just as a hobby, so therefore your decisions need to be sound business decisions.
Putting together a huge business based on this model may seem daunting. The good news is that you don't have to do it all yourself. There are plenty of great mentors, coaches, teachers and others who are well experienced to give you the help you need. Don't be afraid to seek out help when you need it. Remember that the advice "ask and you shall receive" probably also means "don't ask and you'll only get the scraps."
James Delrojo would like to help you by giving you his
ebook "Unleash the Success Power of Your Mind"
(valued at $27) completely FREE.
Go to http://www.YourSuccessMind.com
Here is a five step process that the self made super rich follow.
#1: Find Something That You Really Love To Do.
Every self made billionaire makes his money doing something that he really loves. Bill Gates loves software and is a total addict for high tech computerized living. He made his billions in software and high tech. Warren Buffet loves analyzing companies and he has made his billions in the share market using a buy and hold strategy based on an in depth analysis of the companies he buys. Donald Trump loves property, negotiating property deals and branding himself, and he has made his billions from property development and from selling branding rights to the Trump brand.
What do you really love to do? What sort of things would you want to keep doing even if you had billions? I know a couple who love to travel, and in particular they loved traveling in the Middle East. They now have a very successful wholesale travel business selling Middle East tours. Their business is set up to run on virtual autopilot and they spend most of their time traveling for free as the guest of hotels and tour operators who want to be included in the wholesale packages.
You have to find your passion!
#2: Workout How You Can Make A Lot Of Money From Following That Passion.
Without this step your passion is no more than a hobby, and often a very expensive hobby. Billionaires work out a way that they can turn their particular passion into a money making machine.
The world is a huge place with an enormous amount of people who spend money everyday. The total world economy is measured in numbers that we can't even relate to as being reality. Regardless of your passion there are enough potential customers out there to make you rich. All you have to do is to approach it as a business, with focus and dedication and you will find the way to turn your passion into wealth.
#3: Set Up A System To Ensure That The Profits Will Come.
A mistake that many people make when they go into a passion based business is that they end up in business mode and no longer have the time for their passion. As a result they never become billionaires or even millionaires.
Unless business is your passion you have to find a way to set up an infrastructure and system to take care of the business side. There are people you can hire who are better managers, better accountants, better salespeople, better clerical workers, than you will ever be.
See your business as a huge enterprise and progressively work yourself out of all the jobs that you don't want to do.
#4: Focus Your Energy On Doing The Thing You Love To The Best Of Your Ability.
If you build the infrastructure and system discussed in point 3 then that will allow you the time to focus on your passion. If your passion is negotiating residential property deals then that is what you should be doing. Someone else should be collecting the rents for you.
The very rich get very rich by focusing on the aspects of their passions that are their strengths. If you do that in a businesslike manner then you will get to the point where you are generating enough revenue to afford the infrastructure.
If, however, you get distracted from your strengths then you will be far less productive and far less likely to become really rich.
#5: Regularly Keep An Eye On The Profit Scoreboard To See If Your System Needs Adjusting.
Number five is what distinguishes a passionate but penniless person from a passionate wealthy person. Although your focus is on doing what you love most, you have to keep a critical eye on the profit scoreboard. If the profits aren't coming within an appropriate period of time then you need to improve your business model.
You have chosen to pursue your passion as a business not just as a hobby, so therefore your decisions need to be sound business decisions.
Putting together a huge business based on this model may seem daunting. The good news is that you don't have to do it all yourself. There are plenty of great mentors, coaches, teachers and others who are well experienced to give you the help you need. Don't be afraid to seek out help when you need it. Remember that the advice "ask and you shall receive" probably also means "don't ask and you'll only get the scraps."
James Delrojo would like to help you by giving you his
ebook "Unleash the Success Power of Your Mind"
(valued at $27) completely FREE.
Go to http://www.YourSuccessMind.com
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Source: http://www.articlealley.com/article_129391_63.html
Source: http://www.articlealley.com/article_129391_63.html
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