Business Idoims + Writing

Hello guys, haven’t been blogging much lately!. Things are going really well, I’ve started a company with my friends. The company is named Web Nuvo; a e-commerce web solution for small to medium sized business owners. We’re still trying to figure out what clients we are target. Our target clients was going to be Merchandise Merchants, but we started brainstorming, throwing ideas onto the table and started to have something more creative ideas for clients such as Realtor, Restaurant owners, and more. With our customizable content management system and extreme back end functionality. I’m proud enough to say any clients we deal with we will be doing very well.

Aside from all this I’m still going into meet-ups. Forcing myself network with professionals handing our my business cards. The last meet up I went to was “JOINT MARKETING” I met many many professionals. It was very easy to talk to these people because they are very good listeners and very respectful. I’m also doing a workbook called “Speaking English like An American.”

I find myself getting better with understanding business idioms. Some of these idioms are silly but by all what I means I’m loving this book. I’m 7th day on the 7th chapter on the book. Very Easy to read, and I’m planning to finish this 30 chapter book by the end of this month. I’m learning lots.

BEING ALWAYS EDUCATED WILL BE MY KEY TO MY SUCCESS.

MY GOAL TO MAKE MY FIRST MILLION is AGE 26, I’m only age 20 ATM. I’m sure with all this dedication I WILL GET to WHERE I WANT TO BE IN.

3 Real-estate terminology

Adjustable-Rate Mortgage (ARM)
A loan with an interest rate that changes periodically in keeping with a current index, such as one-year treasury bills.

Example:
Many people finance their homes using an adjustable-rate mortgage hoping that the economy stays healthy so that their interest rates will not go up.

She moved from a fixed-rate to an adjustable-rate mortgage just before the stock market lost half its value, and in the subsequent recession, saw her mortgage payments double.

Agreement of Sale
A contract where a seller agrees to sell and a buyer agrees to buy, under specific terms and conditions spelled out in writing and signed by both parties.

Example:
It’s a good idea to keep the agreement of sale on any home you sell, because the current owners may try to take you to court if there is problem with the property.

Once the buyer signs the agreement of sale, the house is officially transferred to the new owners, and they are responsible for all liability.

Equity
Ownership in a corporation in the form of common or preferred stock. It also refers to total assets minus total liabilities, in which case it is referred to as shareholder’s equity, net worth or book value.

Example:
An equity joint venture is a company put together by multiple entities, each holding shares as agreed in the formation.

Because of their large amount of debt, the owners have very little equity in that company.

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12 Rules of Success by Steve Jobs

  1. Do what you love to do. Find your true passion. Make a difference. The only way to do great work is to love what you do.
  2. Be different. Think different. Better to be a pirate than to join the navy.
  3. Do your best at every job. Don’t sleep! Success generates more success so be hungry for it. Hire good people with a passion for excellence.
  4. Perform SWOT analysis. As soon as you join/start a company, make a list of strengths and weaknesses of yourself and your company on a piece of paper. Don’t hesitate to throw bad apples out of the company.
  5. Be entrepreneurial. Look for the next big thing. Find a set of ideas that need to be acted upon quickly and decisively and jump through that window. Sometimes the first step is the hardest one. Just take it. Have the courage to follow your heart and intuition.
  6. Start small, think big. Don’t worry about too many things at once. Take a handful of simple things to begin with, and then progress to more complex ones. Think about not just tomorrow, but the future. Put a ding in the universe.
  7. Strive to become a market leader. Own and control the primary technology in everything you do. If there’s a better technology available, use it regardless of whether or not anyone else is using it. Be the first, and make it an industry standard.
  8. People judge you by your performance, ……………..READ MORE

Quote: Actions speak louder than words, but words of action speak proudly.

Lets talk in a Mcdonalds sense. – Although im not a really good speaker, nor great with arguing or expressing my ideas to the table. I am capable of doing what ever I have to do at work properly.

-However, I really need to learn these skills, SOOO… I’m starting to read at lease 2-10pages of random books every night AND write at-least 2 blog entries every day. One early in the morning. One late at night

What context class are you in?

A person with a poor context will say thing like “Ohh its too hard, ill never become rich!”, “Im too lazy, I dont think I can survive doing it”, “I give up!”.

A person with a middle class context will say “Having a secure job is important”, “If I stay in this company for 5 more years, I’ll be promoted and get a good raise”.

A person with a rich context would say “I need to increase my financial IQ so I can work less and make more money”, “I need to network with more people so I can increase my relationship skills with people”.

Which one of these context class MATCHES YOU?

What is Meetup?

A Meetup Group is a local community of people. A Meetup Group hosts Meetups, which are face to face meetings that happen in real life between members and Organizers Meetup helps people find others who share their interest or cause, and form lasting, influential, local community groups that regularly meet face-to-face. We believe that the world will be a better place when everyone has access to a people-powered local Meetup Group. Meetup Groups help people:

  • Find others
  • Get involved locally
  • Learn, teach, and share things
  • Make friends and have fun
  • Rise up, stand up, unite, and make a difference
  • Be a part of something bigger, both locally and globally

The above is the description of Meetup I found on their website, but how I use meetUp is, I use Meetup Group to network with people in my industry and have myself get out in the community and get involved. -Learning things -Meeting Different Entrepreneurs THE BEST PART OF THIS IS, DOING IT ALL FOR FREE!!!!!!

3 Mistakes New Entrepreneur Make that Kill Their Credibility in Less Than 60 Seconds

Yesterday, Monday November 15th, I attended a mini seminar in Vancouver with a topic of “3 Mistakes New Entrepreneur Make that Kill Their Credibility in Less Than 60 Seconds”. This seminar lasted for an hour. I didn’t learn much but it made me more aware of things that I wasn’t aware of. At the beginning of the session. Alpa, the speaker, had a picture of 4 people on the projector, she made us critique what we think of those people. The first one look like a part girl, the second looks like a business man, third looked like a dressed up mother going to a dinner, and last a school boy. We had everyone shout out what we thought about each of the people in the picture by order. There were some rude comments however, when the speaker caught these rude comments, she said “Our reticular activating system makes us biologically wired to always judge people”. This first part was just an introduction, Now lets get to the 3 Mistakes Alpa taught us.

3 Mistakes New Entrepreneur Make that Kill Their Credibility in Less Than 60 Seconds

# 1 Getting all the details
When your sitting with a client, you need to know all the information on what your trying to sell. You need to know how to answer questions that clients make. When your showing confident to your client, this makes them trust you more and enables them to say and buy your product. Don’t hesitate or stutter.

# 2 Entrepreneurs are Unaware of what their communicating
You need to verbally use understandable words to communicate with your clients. Linked with Getting all the details. If your a person who don’t have a nice flow what your talking about, then your CLIENTS OUT.

# 3 Image is the key to communication
As the introduction to this seminar, Alpa displayed a picture of people on the projector and told us to yell out words how we would describe what we see. With the words yelled across the room, Alpha said “Things yelled out right now are what people in public think of one another when people are dressed like this.

When your meeting up with your client for a quick chat. Try taking a few minuets figuring out what your going to wear. Linked with Confident, if you don’t dress sharp  you wont look confident, and probably your client wont trust in you.

Why am I an Employee? What I do to change my point of view at my work place?

The reason why I am a employee is because when I was a student, I needed some money to go out or eat out. Mcdonalds was the best place for me to work at because their hours are so flexible. I only worked Saturday’s and Sunday’s with 16 hours per week. I know trading a dollar for an hour is no way of becoming a multi-millionaire in Mcdonald’s (unless you own a franchise) as an employee but hey Mcdonalds is supporting my life (MONEY) . so CHEERS TO MCDONALDS!

As time goes by (3 years now) 6 months ago, I kept complaining about how Mcdonalds is so boring. I kept saying ohh I need to find a new job, . I dont want to work here anymore. Every shift I do is the same thing. I get paid too less. Well, as life goes on, I met a person, I told him my love for Mcdonalds is deteriorating. I want to QUIT!. The Person told me why dont I use Mcdonalds as a training vehicle, a place where I can build my skills and use it in the future. He said “if your doing the same stuff every shift, no challenges are taken, why wont you try to do something new?”( This person was one of the people who introduced me to personal development). I said “How?”, He said, “I know you want to become a business owner in the future, start by telling me about the struggles or difficulties impacting you at work?”. I told him, it was hard for me to sincerely greet people, with eye contact and when I was do a lot checks, and how It was hard for me to approach customers with a friendly greeting of HELLO!”. He said “Okay since you work twice a week, why dont you start by greeting at-least one customer per shift”.

- 6 months from greeting customers as they walk in with a sincere welcoming statement with eye contact .

1st week  -1
2nd week -2 or more
3rd week – 4 or more.
Today – when ever I see customers walking in when im doing lot checks.

Mcdonalds as my training vehicle.  Now I can experiment my relationship with the people I work with or with the customers to gain skills that I can use in my Future Business.

Assets Vs. Liabilities

One of the things you should know about money is Assets and Liabilities.

What are assets?
Assets are like passive income where cash is always flowing in your pockets. A fully paid house with people renting from you can me a asset.

What are Liabilities?
Liabilities are things you own that takes money away from your pockets. Such as a home with a mortgage or a car with a monthly down payment. If your home is fully paid off, then this could be a liability.

3 Types of Income

There are 3 types of different income in the world. Earned income, Portfolio Income, and Passive income. Earned income is made working as an employee. Portfolio Income is when a house is bought and sold at an higher price. This is also called capital gains. Passive income is when you have a system or service going on that automatically gains money. Earned income is the ones who are taxed the highest by the governments at 30-50%, Portfolio income is taxed mid-range by the governments at 20%, and Passive income is taxed the lowest, sometimes nothing.

Earned Income = 30-50%
Portfolio Income = 20%
Passive Income = 0.0%

Which type of income would you like to start making. Earned/Active, Portfolio or Passive Income?