Saturday, May 22, 2010

To Get Big You Must Think/Plan Big


Taken from Robert Kiyosaki - "Thinking Big Is the Best Plan" :

Years ago, when I was just starting my real estate investing career, I came across a property with a for-sale sign on it. I called the broker and asked, "What can you tell me about the property, and how much does it cost?" The broker politely and patiently said, "It's a commercial building with six tenants. There's a chiropractor, a dentist, a hairstylist, an accountant, and a bail bondsman. The price is two million dollars."

Losing Big
I almost choked. "2 million dollars?...That's way too expensive!"  Thirty years ago, $2 million was a lot of money. And instead of looking at the property, I let the price frighten me off. I never looked at the deal, and just assumed that the seller was crazy, greedy, and out of touch with the market. Today, there's a luxury hotel on the same site. It's spectacular. I estimate the property to be worth at least $150 million, and maybe more.

Cheap Lessons
Not seeing the potential of that deal taught me many lessons. Here are two important ones:
  *Sometimes you learn more by being stupid and making mistakes.
  *The person with the better plan wins.

In the above example, my plan was just too small. In fact, the only plan I had at the time was to collect the rent money from the tenants, cover my mortgage and expenses, and put a little in my pocket. And 30 years ago, I knew that the rent from six small tenants couldn't possibly pay for a $2 million property.

I later learned that the property's eventual owner bought it for full price-with terms. He put $50,000 down as an option and asked for 180 days to put the rest of his plan together. During those 180 days, he gathered his investors, a builder, and his tenant, a major hotel chain.

If he hadn't been able to put his plan together, he would've lost his option money. Instead, before the 180 days were up, his investors paid the $2 million in cash and he spent the next three years getting the project through the city planning commission and finally began construction. He won because he had a better plan.

Mind Expansion
Donald Trump often says to "think big." He definitely does so, but by nature, I don't. My excuse is that I come from a small town in Hawaii. My family wasn't rich, so when it comes to money, I tend to err on the side of caution. Over time, my thinking has become medium-sized when it comes to spotting opportunities, but I'd still like to think bigger.

One of the reasons I enjoy doing business in New York and having  Trump as a partner on different projects is that he makes me do just that-because  if you don't think big in New York, you get kicked out. If I thought small, I wouldn't be on television, cutting book deals with major publishers, or talking in front of tens of thousands of people in arenas like Madison Square Garden.

Recently, I worked on a real estate project to present to Donald.  Consequently, I found myself pushing my thinking, expanding my context, and thinking of luxury, not just price. Just preparing to present the project to him required me to think bigger and come up with a better plan.

A Blast from the Past
About a year ago, someone called to say that there was a spectacular condominium that had just come up for sale. She wanted to know if I was interested in looking at it. Of course I said, "Yes." I wanted to see what her definition of spectacular was, and trust me-it was spectacular. She then said, "And the price is only twenty-eight million dollars. But I believe you can pick it up for twenty-four million. At that price, this condo is a steal."

Once again, I heard myself saying what I said so long ago: "That's too expensive." But, as I said, that lesson from 30 years back proved to be priceless:  After hearing the think-small person in me comment on the condo price, I took a deep breath and asked myself, "What's my plan?" Then I asked myself, "What's wrong with my plan?"

I didn't buy the condo, but I did come up with a better plan. Over the next few days, I realized that the reason I couldn't afford the condo was because my business was too small. If I wanted to afford such a luxury residence, I needed to come up with a better plan for my business. Today, I'm working harder than ever  to improve it-not because I want the condo, but to be able afford such a condo if  I someday decide I want one.

Plan Ahead
I've often written about my concern over the devaluation of the U.S. dollar. As the dollar drops in purchasing power, it often pushes up the prices of real assets-quality real estate and equities. My fear is that many people may not be able to afford tangible assets and become poorer as the dollar declines. This drop in purchasing power also widens the gap between the rich and everyone else.

One method of staying ahead of rising asset prices and the declining dollar is to think bigger and come up with better plans. As important as financial and business planning is a plan for personal development and self-improvement. I'm often asked to invest in people's business plans, and one of the reasons I turn many of them down is because a big plan requires a big person who's spent time on personal development. In a lot of cases, a business plan is far bigger than the person with the plan-that is, the dream is bigger than the dreamer.

Today, I'm glad I missed out on that $2 million property all those years ago. The best lesson I learned from it is that I can have a better life if I have a better plan-and a plan to become a better person. So what's your plan?

Monday, May 10, 2010

Influence/Association by Jim Rohn

There are two parts to influence:

First, influence is powerful; and second, influence is subtle.

You wouldn't let someone push you off course, but you might let someone nudge you off course and not even realize it.

We need a variety of input and influence and voices. You cannot get all the answers to life and business from one person or from one source.

Attitude is greatly shaped by influence and association.

Don't spend most of your time on the voices that don't count. Tune out the shallow voices so that you will have more time to tune in the valuable ones.

"No" puts distance between you and the wrong influence.

You must constantly ask yourself these questions: "Who am I around?" "What are they doing to me?" "What have they got me reading?" "What have they got me saying?" "Where do they have me going?" "What do they have me thinking?" And, most important, "What do they have me becoming?" Then ask yourself the big question: "Is that OK?"

Don't join an easy crowd; you won't grow. Go where the expectations and the demands to perform are high.

Some people you can afford to spend a few minutes with, but not a few hours.

Get around people who have something of value to share with you. Their impact will continue to have a significant effect on your life long after they have departed.

Friday, May 7, 2010

Just go "DO IT"

MOTIVATION - This is a great speech provided by Art Williams; now granted it goes back a few years, but the message rings true for today...it's highly recommended and definitely worth the 20 minutes you will need to listen; JUST GO "DO IT"!

Monday, April 26, 2010

Forging Your Character by Jim Rohn

Personal success is built on the foundation of character, and character is the result of hundreds and hundreds of choices you may make that gradually turn who you are at any given moment into who you want to be. If that decision-making process is not present, you’ll still be somebody—you’ll still be alive—but you may have a personality rather than a character, and to me that’s something very different.

Character isn’t something you were born with and can’t change, like your fingerprints. It’s something you must take responsibility for forming. You build character by how you respond to what happens in your life, whether it’s winning every game, losing every game, getting rich or dealing with hard times.

You build character from certain qualities that you must create and diligently nurture within yourself, just like you would plant and water a seed or gather wood to build a campfire. You’ve got to look for those things in your heart and in your gut. You’ve got to chisel away in order to find them, just like chiseling away rock to create the sculpture that previously existed only in the imagination.

But the really amazing thing about character is that, if you’re sincerely committed to making yourself into the person you want to be, you’ll not only create those qualities, you’ll strengthen them and re-create them in abundance, even as you’re drawing on them every day of your life. That’s why building your character is vital to becoming all you can be.

Wednesday, April 7, 2010

Make it Happen for Yourself by Changing Yourself

This is some great information that probably pertains to all of us in one way or another, on either a personal and/or professional basis.  So Read It, Enjoy it, Learn From It and Make it Happen!

Elements of Change by Chris Widener

The key to achieving more than you currently are, no matter which area of your life or work you are focusing in on now, is change. The old saying rings true: If you always do what you have always done, you will always get what you’ve already got. If you keep eating and exercising the way you currently are, you will weigh the same a year from now. If you continue to sell to the same people on the same schedule, you will make the same amount of money next year. In order to move forward, we must change.
As I have worked with people, both in a professional setting and on a personal basis, I have found two things to be true about change. One, it is simple. Two, it is not easy. That is, the concept of change is simple to grasp. People or organizations are quick to say, “Oh, I know we need to change.” Simple.
But where the problem starts, and why most people and organizations do not change, is because it is not easy to change. But, I believe, if the process is well-thought-out, and if we have the guts and determination to carry it out, change can happen, and we can move on to more fulfilled lives.
With that said, let me give you what I consider the elements of change.
Discontentment with your current state. The first step in the process of change is to not want to be where you currently are. You must be discontent with it. If you are overweight, you must say, “I will not accept this anymore.” If you are in debt, you must say, “I cannot tolerate this any longer.” If you have broken relationships, you must say, “I will not live with this.” This is a decision to change and not accept the status quo.
The picture of your preferred outcome. What is it that you want to change to? It absolutely is not enough to say, “I need to change.” It must be: “I am going to change to....” This becomes the goal. I would encourage you to get a mental picture of it formulated in your mind. Get a real picture of it if it is that tangible. Perhaps write yourself a short essay, extolling the virtues of what life will be like when you get to the changed state.
New associations with the two states. You must begin to associate your current state you are in with pain and the state you want to be in with pleasure. For example, let’s take weight. We tend to think of ice cream, mounds of it, with pleasure. I know I do. Especially chocolate-chip mint. I like huge portions of ice cream. There is an association of pleasure there. But what I did to overcome the urge to eat scoop after scoop was to associate huge portions to being overweight, not the pleasure of the taste. I also associated not eating the ice cream with feeling better about myself. Then, when it comes to exercise, I work on associating exercise and weightlifting with the pleasure of fitting into my clothes, rather than the pain my muscles feel every time I do it. This helps me win the battle of the mind.
Develop a plan of short, simple steps. “I am going to lose 50 pounds in two months.” “I will sell 500 percent more next month.” These are examples of changes that are good goals to have long term, but too big for the time allotted—and this is havoc on change! If your goals are too big in too short of time, you will fail and become discouraged. Then you will quit and decide change can’t be accomplished. Instead, you must have short, workable, attainable goals if you are going to see real change happen and stay. “I am going to lose five pounds a month for 10 months.” “We are going to sell 6 percent more each month this year (that would double your business each year).” These are the size of steps you need to take. Then you will build victory after victory.
Discipline yourself. Sorry, but this is where it is up to you. At the heart of change is the ability to discipline ourselves. I cannot lose your weight. Your mom cannot go out and make sales calls for you. The only real obstacle standing between your current state and your desired outcome is you! So do everything you can to get yourself motivated to change! Force yourself to get out of bed and get to work on your goals! Discipline yourself. Choose to make the right decision.
Reward yourself when you have made the change. That’s right: Reward yourself. You have worked hard and exerted a lot of self-discipline to get there! You deserve it!

Thursday, March 25, 2010

Are You In Sales - Which One Are You?

Consulting Versus Selling by Brian Tracy

View Yourself as a Consultant
One particular self-image possessed by high-achieving salespeople is that they see themselves as consultants rather than as salespersons. They see themselves as problem solvers with their products or services rather than as vendors looking for someone who will trade them money for what they have to offer.

Approach Them as Clients
They do not approach their customers with hat in hand, hoping for a sale. They approach  their “clients” with the attitude that they are consultants calling on the prospect  to help him or her solve a problem or achieve a goal.

Ask Questions and Listen Carefully
Seeing themselves as consultants, they ask questions carefully and listen intently.  They focus all of their energies on understanding the customer’s situation so that they can make intelligent recommendations based on what the customer really wants  and needs.

Become an Expert in Your Field
As consultants, they recognize that they must be experts, authorities in their field.  They know their products and services from one end to the other. They invest many hours familiarizing themselves with every single detail of what they sell, and of  what their competitors sell as well. They know the strengths and weaknesses, the  advantages and shortcomings, the features and benefits of what they are offering.  They have excellent product knowledge, which their customers can sense and which  gives both themselves and their customers greater confidence throughout the sales  conversation.

Differentiate Yourself from Your Competitors
Top salespeople, positioning themselves as consultants, see themselves as resources for their clients. They see themselves and carry themselves as advisors, mentors and friends. They become emotionally involved in their transactions and they are generally concerned that their product or service be the ideal solution to the real  needs of the prospects they are dealing with. They differentiate themselves from  their competitors by being more concerned with helping their prospects than with selling their products or services. Their customers often feel that they care more  about them than they care about making a sale. And it’s true.


So set yourself apart/differentiate and build that relationship by showing them you care (check out the video); we use it, we love it and the system works!!!

 

Thursday, March 18, 2010

Personal Development - Take Some Time & Just Do It

Dedicate Yourself to Educate Yourself by the GREAT Tom Hopkins

To become and remain a professional in the business of selling, you must recognize that you are in charge of your own training and act on that fact. Build on your strengths and correct your weaknesses. If you aren’t sure of what to work on first, there is certainly someone in your life who will gladly assist you—your manager, your spouse, your children, a trusted friend.

Here are six skill areas that I strongly recommend you consider developing or strengthening:

Negotiation
Do you consider yourself a trained negotiator? Trained negotiators can quickly and effectively analyze the details of situations and determine the best route to resolution. If that brief description doesn’t fit you, make an effort to find a book, tape or seminar on the subject, and then schedule the time to learn from it.

A Second Language

Consider the part of the country in which you live and those people you do business with. As our country continually redefines itself by its people, be aware of the advantages of being able to communicate with others in their native tongues. Today’s projections show that both Hispanic and Asian portions of the population are on the increase. To be able to offer your fine services to more people, you must learn more about them, their language and their cultures.

Voice
Since your clients choose to “own” your products or services based on what you say and how you represent them, doesn’t it make sense that you train your voice to give the highest level of professional presentation? If you’ve never considered voice training before, tape yourself giving a portion of your presentation and then listen to it. Most of us hate the sound of our voice on tape. Just imagine how our clients must feel when listening to us. To project your message with clarity and power, consider at least one session with a voice coach. They can be found in your local Yellow Pages or through a quick search online.

Public Speaking

Many sales professionals find that giving short speeches in their communities helps build their name recognition and their business. Public speaking is also a great way to build your confidence. Try your skills out by speaking to your child’s class about what you do or a hobby you have. Teachers love it when the students can learn first-hand about careers. Join Toastmasters International. There are local chapters in just about every city. They provide excellent opportunities to hone your skills and meet other business professionals with whom you might do business or share referrals.

Memory
Having a good memory is critical to anyone in today’s world, but especially so to those of us who meet many new people every week. I have learned to make a game of it in my career. I challenge myself to remember as many people and their stories as I can. There are some great courses and books written on this subject. Even if you learn and use only one small strategy, I guarantee you’ll see the benefit of having done so.

Math
Don’t cringe on me here. I know there is a large percentage of people who hate math. However, in business, you need to know some basic math skills really well. How does it look when you take a client to lunch and you have to think really hard to calculate the tip? Do you think that will raise any doubts about your competency in the client’s mind? Of course it will. Also, when clients toss out figures in their projections, you have to be quick on the uptake in understanding what that means in your business—quantities of supplies they’ll need, projecting delivery dates and times, etc. Practice your math skills. Every time you hear or see a number in a conversation, or even in a bit of advertising, take a moment to work with the number and see what it means. Compute unit costs for grocery items—$1.29 for 12 ounces. How much is that per ounce? I know the favorite computation of every salesperson who works on a fee basis is to determine their percentage of every sale. Don’t stop there. Play the numbers game often, and you’ll get better at winning.

Choose just one of these six areas and dedicate yourself to improving in it this month. Then, next month, choose another. Once you get started on this journey of self-education, you’ll be amazed at what you learn and how simple things can have a powerful impact on your overall success in life.

Saturday, March 13, 2010

Albert Einstein's - 10 Life's Lessons; It's Worth A Read

The 10 Amazing Life Lessons You Can Learn From Albert Einstein

1. Follow Your Curiosity.
"I have no special talent. I am only passionately curious."
2. Perseverance is Priceless. "It's not that I'm so smart; it's just that I stay with problems longer."
3. Focus on the Present. "Any man who can drive safely while kissing a pretty girl is simply not giving the kiss the attention it deserves."
4. The Imagination is Powerful. "Imagination is everything. It is the preview of life's coming attractions. Imagination is more important than knowledge."
5. Make Mistakes. "A person who never made a mistake never tried anything new."
6. Live in the Moment. "I never think of the future - it comes soon enough."
7. Create Value. "Strive not to be a success, but rather to be of value."
8. Don't Expect Different Results. "Insanity: doing the same thing over and over again and expecting different results."
9. Knowledge Comes From Experience. "Information is not knowledge. The only source of knowledge is experience."
10. Learn the Rules and Then Play Better. "You have to learn the rules of the game. And then you have to play better than anyone else."

Heck, if Einstein found these lessons useful and applied them in his life…probably a great idea that I/You/We do as well!

Wednesday, March 3, 2010

Persistence by Les Brown

I believe there are three kinds of people. There are winners, who know what they want and understand their potential and the possibilities. They take life on and SEE THE BIG PICTURE; Do you see the big picture?

Next are losers, who don’t have a clue as to who they are. They allow circumstances to shape their lives and their self-image.

I believe there is a third group as well. This consists of potential winners whose lives are just slightly out of alignment. I call them “wayward winners.” It may be that they just need to learn how to be real winners. Perhaps they’ve hit a bump or two that has knocked them off course and they are temporarily befuddled. A failed relationship, a lost job, financial problems, unformed goals, a lack of parental support, illness—many things can send us off course temporarily.

Wayward winners are not lost souls; they just need some tweaking and coaching and nudging to get them back on course. A map might be nice. Many of these wayward winners are easily identifiable because they are always searching.

Right now, there are many wayward winners out there braving rain, sleet and snow because they, too, still believe that they have untapped talents. They attend motivational seminars and listen to inspirational tapes, and they plunge onward, believing that, sooner or later, they will find their way again.

Other wayward winners have temporarily given up. They are damaged and disoriented, their confidence badly eroded. They tend to drift through life numbly. The friends and relatives and loved ones of wayward winners see that they are out of sync and wonder why they can’t be satisfied, why they won’t settle down. They wonder how people who have such obvious abilities and great potential can be so disoriented and unsure.

It is difficult for others to understand the rawness of a broken heart or the aching emptiness of an unguided spirit. You and I know — we have been there. Wayward winners know that there are possibilities out there, but too often, they feel locked out from them. Some are afraid to risk any more because of what they have risked and lost already.

I know now that as difficult as it may be for you wayward winners to do, it is necessary to continue to test yourselves. Even though you have been hurt before, it is the only way to grow. We all have the capacity to change, to lead meaningful and productive lives by awakening our consciousness.

You know there will be tough times as you go change your life, so brace yourself, and you will be able to handle them. When you get into your seat on an airplane, what is the first thing they tell you to do? Fasten your seat belt. Brace yourself for the turbulence.

When you decide to move your life to the next level of accomplishment, you must fasten your mental and spiritual seat belts because it is going to be a while before you reach that comfortable level again. You will reach it, but you must endure the turbulence of change in order to grow.

Try this technique to help you through the difficult times of change and growth. Find four reasons why you cannot succumb to your fears and your troubles. Find those deep sources of motivation that can lift you out of the turbulence and above the clouds. You must change your life because:

*You have not yet tapped the talents given to you.
*You want to leave something more for your children.
*You want to live life rather than let life live you.
*You want to do what makes YOU happy.


It is in these rocky early moments of bringing change to your life that you discover who you are. In the prosperous times, you build what is in your pocket. In the tough times, you strengthen what is in your heart. And that is when you gain insight into yourself, insight that leads to self-mastery and an expansion of your consciousness as a life force in both your personal and professional lives.

Monday, March 1, 2010

Achieving Success by Expecting Success by Zig Ziglar

When you plan and prepare carefully, you can legitimately expect to have success in your efforts. When you recognize and develop the winning qualities that you were born with, the winner you were born to be emerges. When you plan and prepare to make a sale, for example, you can legitimately expect to make a sale. Although not all your expectations are going to come to pass, you give yourself an infinitely better chance of succeeding by taking the proper steps. Regardless of your goal—losing weight, making more sales, furthering your education, earning a promotion, saving money for a new home or an exotic vacation—you can expect to achieve your goal if you plan and prepare for it.

Also understand that the path from where you are to where you want to be is not always smooth and straight. The reason for the twists and bumps is simple, and it has nothing to do with you. It has more to do with the fact that not everyone is as interested in your success as you are. Some people may accidentally hinder your efforts; others who are in competition with you and have little or no integrity may try to sabotage your efforts.

Keep in mind, though, that when you hit those roadblocks, your character, commitment and attitude are the determining factors in your success. Carefully review your plan of action, seek wise counsel, and be particularly careful to feed your mind good information. An optimistic, positive mind is far more likely to come up with creative solutions than a mind that dwells on setbacks and difficulties.

Bottom line: expect success and you can achieve it!