Entrepreneurship 01 (May 08 - Jun 10)

Re: Entrepreneurship 1 (May 08 - Jun 10)

Postby winston » Wed Jun 23, 2010 6:51 pm

Business is not just doing deals; business is having great products, doing great engineering, and providing tremendous service to customers. Finally, business is a cobweb of human relationships."

H. Ross Perot
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Entrepreneurship 1 (May 08 - Jun 10)

Postby winston » Sun Jun 27, 2010 5:34 am

How to Develop a Multimillionaire Mindset by Michael Masterson

A man observes evergreens growing along the roadside and thinks that they look pretty, covered with snow. Another man sees the same trees and thinks, "These trees would look good in people's living rooms at Christmas. I wonder what they would pay for them?"

The first man has an ordinary mind. The second, the mind of a natural-born moneymaker.

In The Prime Movers, Edwin A. Locke provides some interesting insights into the way moneymakers think:

He argues that an active, inquisitive mind is a hallmark of the successful entrepreneur. The most successful entrepreneurs in history, he says, had this sort of mind.

Thomas Edison: He was a "virtual thinking machine. Almost until the day he died, his mind poured forth a torrent of ideas, and he might track as many as 60 experiments at a time in his laboratory."

Steve Jobs: He bombarded people with his ideas – his investors, his board of directors, his customers, his subordinates, and his CEO.

Henry Ford: "He threw himself into every detail, insisting on getting small things absolutely right... But he never lost sight of the ultimate, overall objection. He had a vision of what his new car (the Model T) should look like. From all the improvisation, hard thought, and hard work came a machine that was at once the simplest and the most sophisticated automobile built to date anywhere in the world."

Source: ETR
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Re: Entrepreneurship 1 (May 08 - Jun 10)

Postby winston » Sun Jun 27, 2010 5:42 am

Some Preliminary Observations by Michael Masterson

Here are some observations I've made from studying and reading about great wealth builders like Jobs and Edison and Ford.


1. A "normal" person is concerned with protecting his ego. When dealing with a problem he doesn't really understand, he pretends he understands the contributing factors and doesn't try to find out what anyone else thinks.

A person with a multimillionaire mind asks questions inces-santly. He has no ego when it comes to learning. He knows that knowledge is power.


2. A "normal" person has a consumer mentality. He looks at a hot new product and thinks about how he would like to own one.

A person with a multimillionaire mind has an entrepreneurial men-tality. He looks at it and thinks, "How can I produce this or something similar in my own industry?"


3. A "normal" person is wish-focused. He daydreams about making gobs of money.

A person with a multimillionaire mind is reality-based. He is always analyzing his own success and the success of others and wondering how he could learn from it.


4. A "normal" person, when confronted with a challenging idea, thinks of all the reasons why it might not work.

A person with a multimillionaire mind sees the potential in it and disregards the problems until he has a clear vision of how it might succeed.


5. A "normal" person resists change.

A person with a multimillionaire mind embraces it.


6. A "normal" person accepts the status quo.

A person with a multimillionaire mind is always looking to make things – even good things – better.


7. A "normal" person reacts.

A person with a multimillionaire mind is proactive.


8. A "normal" person looks at a successful business owner and thinks, "That guy's lucky." Or "That guy's a shyster."

A person with a multimillionaire mind thinks, "What's his secret?" And, "How can I do that?"


Most importantly, a person with a multimillionaire's mind likes living like a multimillionaire. He doesn't shortchange himself when it comes to comfort and luxury. Rather than believing always that pain leads to gain, he thinks, "If I'm smart I can have my cake and eat it too.

You can start your mental transformation by studying this list and assessing your own impulses. Be honest. Identify the habits you don't have and try to develop them. Rather than think of this process as work, think of it as fun.


Source: ETR
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Re: Entrepreneurship 1 (May 08 - Jun 10)

Postby iam802 » Sun Jun 27, 2010 10:50 am

winston wrote:Some Preliminary Observations by Michael Masterson

Here are some observations I've made from studying and reading about great wealth builders like Jobs and Edison ...



The first image that comes to my mind was this:

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Re: Entrepreneurship 1 (May 08 - Jun 10)

Postby kennynah » Sun Jun 27, 2010 3:51 pm

Wahahaha. He sure popularized his services :-)
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Re: Entrepreneurship 1 (May 08 - Jun 10)

Postby winston » Mon Jun 28, 2010 7:19 pm

"High achievers spot rich opportunities swiftly, make big decisions quickly, and move into action immediately.

Follow these principles and you can make your dreams come true."


Robert H. Schuller
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