A summary of things you should know about The Self-Made Billionaire Effect according to John Sviokla: Introduction In this episode John Sviokla gives an in-depth summary of his and MitchRead More
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]]>In this episode John Sviokla gives an in-depth summary of his and Mitch Cohens’ book, The Self-Made Billionaire Effect, where they discuss how extreme producers create massive value.
In their book Sviokla and Cohen provide extensive research drawn from interviews with some of the most successful billionaires in order to debunk the perceptions people have of high producing entrepreneurs. The goal of the book is to teach you habits designed to improve your business value, how to start thinking like a billionaire, and how to be highly valuable to your employees.
This book is perfect for entrepreneurs that set very high expectations when it comes to business goals and are looking for solid ways to provide massive value when it comes to building a business.
This book is the first ever systematic study of a self-made billionaire.
It’s really a book you can jump in and jump out of. The introduction of the book tells you that these people are not who you think they are. 80% of them made their money in highly competitive contested markets.
The one thing I would say is to follow your curiosity about an opportunity area and don’t separate thinking from doing. If you want to pursue it, pursue it yourself.
The core notion that the book talks about is underneath every billion dollar opportunity what you will see is what we call a Producer or a Producer Performer Pair.
A Producer is the kind of person that knows how to design a business from scratch and to get all those design variables and land them well. That’s true whether these people are doing it in pizza, coffee, or high-tech.
As I mentioned before these people are not who you think, they come from all walks of life. Then we look at what makes these billionaires distinctive and what we found were these Five Habits of Mind.
The Five Habits of Mind are inventive execution, epithetic imagination, a relative view of risk, patient urgency, and producer performer pairing. For example epithetic imagination is a combination of understanding where markets going as well as a rational understanding of what the economic opportunity might be.
Throughout the book I give you a deep definition of each of the Five Habits of Mind and pair them with stories to help the reader get a visual of how each one works.
NOTE: That was just a summary. To get the full deep dive, play the audio clip at 03:51
“The universe is a fight between habit and novelty and novelty is winning.” Terence McKenna
I am a partner in the PwC consulting division and I hit up our Thought Leadership. I have been there for about four years and about a dozen years before that I was a consultant at a company called Diamond. And for a dozen years before that I was a professor at Harvard Business School in the area of technology strategy in innovation.
The inspiration was I was talking to my co-author Mitch Cohen and PwC is really about helping our clients create value and I told Mitch that we should study the people who created the most value on the planet. We took the self-made billionaires and made a book of all the things people could learn from their success.
Life Unlocked by Srinivasan S. Pillay
Buy The Self-Made Billionaire Effect by John Sviokla and Mitch Cohen on Amazon today
Visit PWC.com to learn more about John and his book
Follow John Sviokla on Linkedin and Twitter
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books:
The New Rich by David Moore
Three Feet From Gold by Greg Reid
Strategy Rules by David Yoffie and Michael Cusumano
Relevant advice and tips:
7 Successful Attributes of a Billionaire
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]]>Who is Greg Reid and what you can learn from him: Greg Reid is the modern voice for inspiration and motivation. He is a best-selling author, a motivational speaker, andRead More
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]]>Greg Reid is the modern voice for inspiration and motivation. He is a best-selling author, a motivational speaker, and a highly acclaimed filmmaker. He has published over 45 books, despite claiming that he isn’t a writer, including Three Feet From Gold which is inspired by the original landmark seller Think and Grow Rich by Napoleon Hill. Greg Reid has learned to overcome his weaknesses to find success. Here are five important lessons that any entrepreneur can learn from his life in order to find their own success.
Chances are, if you’re starting your own business you’ve already spent a bit of time figuring out what your strengths are. Be brutally honest in this process. It’s not shameful to admit that there are some things that just don’t come easily to you. Focus on the things that do fall under your natural abilities. There’s no reason for you to pay someone else good money to do something that you are perfectly capable of doing yourself.
Likewise, there’s no reason for you to spend a lot of time trying to achieve skills that you can hire out. Hire quality employees whose strengths match up with your weaknesses. People might say that birds of a feather flock together, but we’re looking for more of an opposites attract approach here. Find someone who can fill in the gaps in your skill set. Together, you’ll form an unstoppable team.
Perseverance is the most important quality in an entrepreneur. In the early days, there will be setbacks. There will probably be setbacks in the later days, too. Some of these might feel like catastrophic failures, but you can recover from anything that life hits you with. It’s okay to take a step back to get yourself together after an unexpected blow, but then get right back into the game.
You never know how close you are to success until you get there. Holding on just one more month, week, or even day could be the difference between closing your doors and finding the answer to your biggest problem. A new investor could be right around the corner. Hold out for him to get there.
Most people will tell you to go into a business in a field that interests you. But the fact is, being interested isn’t enough. You have to be committed. Most people have a variety of interests. Those are your hobbies. Those are the things that you do when you find yourself with some free time. That’s what you do when you’re in the mood and it sounds found. But a business isn’t a hobby, it’s a commitment. You make time for your business, which means some things are going to have to take a backseat. You take care of your business no matter what mood you’re in, even when it’s anything but fun.
Interest is what gets you to the office the first couple weeks when everything is new and exciting. Commitment is what gets you to the office an hour early to go over the books even though your kids kept you up all night. Don’t just be interested. Be committed.
Everybody has an opinion. And most of those people will let you know that opinion, whether you asked for it or not. It’s certainly good to take advice wherever you can find it, but consider the source. Don’t let your family talk you out of your dream because they’re concerned about what it will do to you if your business doesn’t make it. Nod, smile politely, and don’t pay any attention to the know it all who’s convinced that he hold the answers to all of the universe’s questions. To run a successful business, you don’t need the opinion of everyone who walks through your door. You need sound advice from people who know what they’re talking about.
Successful people seek out counsel from experts in their field. Spend a lot of time networking. Talk to people who own businesses in the same area as you. Talk to people who own the same type of business on the other side of the world. Pick their brains for what worked and what didn’t work. As important as it is for your business to stand out, don’t feel like you need to reinvent the wheel just to be different. Listen to those who have experience in your field.
No obstacle has the power to stop you. It might delay you, will certainly force you to reevaluate and perhaps change your approach, but an obstacle is not the end of the road. Keep this in mind whenever you hit a stumbling block and you will blast right through whatever is in your path. Instead of stopping at an obstacle, take this opportunity to strengthen your resolve. Remember to be committed. An obstacle is the perfect opportunity to test that committed. The interested walk away from an obstacle. The committed charge right at it.
An obstacle is also an opportunity to try new things. Maybe you’ve had a crazy idea floating around in the back of your head that you never would have tried with smooth sailing. But since you have to change your course anyways, you might as well give it a shot, right? Some of your best ideas may be inspired by spur of the moment desperation. Embrace the opportunities that obstacles present and you will find yourself on the path to success.
Read and listen to a detailed summary of Three Feet From Gold given by Greg Reid himself
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]]>7 Morning Routines of Very Wealthy People No matter if you’re an insomniac or an early-to-bed, early-riser type, we all have to start our day in a way that createsRead More
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]]>No matter if you’re an insomniac or an early-to-bed, early-riser type, we all have to start our day in a way that creates a sense of accomplishment. Morning routines are not one size fits all, we have to choose the one that works best for us. But we also desire wealth and wish to learn more from those who have been able to obtain it.
There are a wide range of options on how to start your day and the following are some that are favored by the wealthiest of people when they need a kick start. Let’s take a quick look at a few routines of very wealthy people:
The CEO of American Express, Kenneth Chenault, says that he makes a list at the start of every day, writing down the three things that he most wishes to accomplish in the next 24 hours. By having a list in front of you as a jumping off point, you too can make the necessary changes in your life.
It’s easy to have a vague idea in your head of what you wish to achieve, but when you make a list, it’s much easier to visualize the accomplishment. The sense of accomplishment that you feel inside as you cross items off of your daily to do list is just an added bonus.
Many successful, wealthy people report that they start off their morning with brisk physical activity. This helps to wake up the brain so that they are constantly able to fire on all cylinders. Starting the day with exercise provides a person with more energy and keeps them from feeling tired throughout the day.
Vogue’s editor in chief, Anna Wintour, does not consider her day to have started until she has played an hour long tennis match. Wintour wakes up before 6 AM to do so. People who start their day with physical activity tend to be much more enthusiastic and highly motivated.
While some may be surprised to see one of their most prized early morning routines end up on this list, there are many wealthy, successful people who also feel the need to check Twitter and Instagram as soon as they roll out of bed in the morning. This may be a time drain for some, but for others, this practice helps them to keep their finger on the pulse.
The editor in chief of Lucky magazine states that she checks Twitter every morning and avoids watching TV as much as possible. This strategy may not work for everyone except for those who are able to self-motivate.
Craig Newmark, best known for founding Craigslist, says that he begins each day with a complete and total focus on customer service. Newmark is proof that no matter how far you rise, it is still extremely important to put the customer first. He even goes so far as to say that he thinks of himself as one of Craigslist’s customer service representatives.
In order to gain wealth and maintain it, sharpening your focus so that you can properly address any and all customer concerns is incredibly important. Otherwise, you could fall into the same habits that have derailed other CEOs.
Popular self-help guru Tony Robbins urges his acolytes to take 15 minutes at the start of each day and spend it visualizing positive occurrences in their life, even those that have not actually taken place yet. He also tells his clients that they must use the time to envision the things in their life that they are grateful for.
By doing so, a person is able to achieve greater self-certainty and increase their overall confidence. Many are skeptical of this practice, believing it to be too New Age and not grounded in reality. Those who are able to overcome their skepticism report far greater success in their day to day living.
Mark Twain has a quote about how everyone should start their day by consuming a live frog. That way, nothing else that takes place could possibly seem any worse than that. Obviously, this is meant to be a metaphor about tackling your most difficult tasks first. Taken literally, this piece of advice could lead to a great deal of trouble.
Getting your toughest tasks out the way early clears the way so that you can enjoy the rest of your day without having to worry about taking care of it later. Whether it’s getting up early to get your workout out of the way or dealing with difficult correspondence, there is no shortage of tasks that should be handled early. Otherwise, they have the ability to hang over you and take away from your overall level of enthusiasm.
There is a wide range of ways to consume the news nowadays and the majority of wealthy, successful people have a way of remaining on top of all the latest information. A person does not maintain success by allowing themselves to fall out of the loop. Some may prefer to grab the local newspaper, others might leaf through the Wall Street Journal.
However you choose to keep yourself informed about the world around you, starting the morning with a healthy dose of information is how many of the world’s best and brightest get their day going. You never know when that valuable piece of information will come along and change your entire perspective.
Make Money Live Wealthy by Austin Netzley
The New Rich by David Moore
Three Feet From Gold by Greg Reid
Unstoppable by Pete Wilkinson
The Miracle Morning by Hal Elrod
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]]>A summary of things you should know about 6 Months to 6 Figures according to Peter Voogd: Introduction In this episode Peter Voogd shares his book, 6 Months To 6Read More
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]]>In this episode Peter Voogd shares his book, 6 Months To 6 Figures, where he reveals the exact strategies he’s used to go from dead broke to over 6 figures in 6 months in multiple industries.
In his book, Voogd gives you real world, tactical strategies to maximize your income, get large projects done in less time, and create the perfect lifestyle for you. The goal of the book is to help you enjoy higher levels of fulfillment, more passion, increased energy, and constant achievement.
This book is perfect for entrepreneurs who are tired of an inconsistent income, have low productivity, and don’t have enough time to get things done, but are serious about becoming successful.
Everything is based on experience, results, and past succeed and failure. It’s the no sugarcoating way to get to where you want to be. And it’s real world tactical strategies from my 10 years of experience. I also have a real authentic and raw understanding of what it takes to motivate and inspire the millennials and leaders of today.
This book is designed to help you create 6 figures in 6 months but every single chapter has questions and a worksheet that you can go through and fill out. Once you read each chapter I want the reader to implement the concepts, read the chapter again, and implement until you see results. Once you see results in your life and business then you can go to the next chapter.
You have to understand the power of focusing on mastery verses overload. Those who have more than three priorities really don’t have any. People are so overloaded with information and the second you become overwhelmed you seek distraction. The number one reason why most people don’t succeed is because they never have ever told themselves that now matters.
Since I already explained chapters one and two I will start with chapter three. Chapter three is the money mindset and what money really matters. So the big focus is getting in the right mindset to attract money and I go through eight very tactical strategies on how to make sure you’re maximizing your income in the most efficient, intentional, and effective way possible.
From there I go to the actual six steps to six figures and I do a broad spectrum on my story and how I came about. The first must is absolute clarity. When I was broke and struggling I realized I need to get clear on who I was, who I wasn’t, what my strengths were and what I wanted. It’s easy to make decisions when you determine what your values are so I realized that I hated being broke and I knew I didn’t want to settle for a normal job or work for someone else. In this part of the book I walk the read through a 90 day challenge where they pick their goals for the month and they figure out the most top 10 compelling reasons to hit those goals. I also talk about the power of reverse engineering. This is where you figure out your ideal six month outcome.
After you have absolute clarity, you got to increase your most important account which is your confidence account. Everybody has a confidence account inside them and based on that confidence account is what they’ve accomplished or haven’t accomplished. So I go through the biggest tactics and comprehensive tips on how to build your confidence. I talk about the biggest thing you can do to build your confidence is choose growth in the moment.
The third aspect I talk about is shifting your circle of influence. I walk the reader through an activity I learned at a Tony Robbins business mastery event that made the whole event worthwhile. And I give away hundreds of thousands of dollar information in here. I also give the reader an outline e-mail on what you can send to millionaires and billionaires to reach out to and get a response.
After you shift your confidence you then want to make sure that you have consistent energy and motivation. I go through energy tactics and how to maximize your energy and motivations. Those who don’t make time for exercise and energy will eventually have to make time for illness. I realized that no matter how successful you are, if you don’t have energy, you have nothing.
Next is about peak performance secrets of the world’s greatest. I’ve studied peak performance for 10 years and I’ve put my best 10 tactics in this section on 10 game changing productivity strategies that you can use right away to really help your results.
The next chapter is crafting your perfect result rituals. And what I’ve realized is the amount of stress people have in their life is in direct correlation to the lack of systems or rituals they have in place. So I literally go through how to create rituals to make sure you have topnotch habits.
Lastly I talk about how to continually grow and how to make sure you’re becoming who you need to become to build a world class life. This is not just how to make six figures, it’s how to sustain it year after year and how to build a champion type world class life that is inspiring for others as well.
“Never let somebody who is giving up on their dreams talk you out of yours.” –Peter Voogd
“Let your vision guide you not your current circumstances.” – Peter Voogd
I am a serial entrepreneur and I have been running businesses since I was 15 when I started an eBay business. I wasn’t always the best student or involved in school but I really had a niche in entrepreneurship and business. I got into direct sales when I was 20-21 and I did that for a while when I worked my way up to being a district manager where I was running a sales team. I actually had some pretty big failures along the way and learned a lot of my successes from my failures. I was able to go from dead broke and stressed to earning my first six figure income and do it over and over going.
It really came from experience and me training close to 5,000 young professionals and seeing where our society was heading and being in school not learning anything that really helped me in the real world. I began to realize that this was needed at the highest level. I realized that I had to take it upon myself to create a blueprint that an entrepreneur or a young person can read and have 100% clarity on how to be successful in this challenging economy.
Maximum Achievement by Brian Tracy
Buy 6 Months To 6 Figures by Peter Voogd on Amazon today
Visit 6FiguresBook.com to learn more about Peter’s book
Visit GameChangersMovement.com to learn more about his academy
Visit RealVipSuccess.com to read more exclusive content
Follow Peter Voogd on Twitter and Facebook
UPDATE: If you’re looking for a more engaged experience with other readers of 6 Months to 6 Figures, be sure to join Peter’s group on Facebook
Download the full transcript here (coming soon)
Listen on iTunes, Stitcher , and SoundCloud
Related books: The Greatness Zone by Jay Forte | Make Money, Live Wealthy by Austin Netzley | Three Feet From Gold by Greg Reid
Relevant advice and tips: 10 Bad Habits That Successful People Avoid
What did you like and not like about this episode? Fill out this one minute survey here.
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]]>A summary of things you should know about Three Feet From Gold according to Greg S. Reid Introduction In this episode Greg Reid shares with us the inspiring story ofRead More
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]]>In this episode Greg Reid shares with us the inspiring story of how he was given the rare opportunity to carry on the legacy of Think and Grow Rich by Andrew Carnegie. In Reid’s book, Three Feet From Gold, he elaborates on the first chapter from Think and Grow Rich providing you with a deep dive into what modern day thought leaders do when coping with struggle and ultimately coming out on top. Three Feet From Gold is the perfect fit for a thought leader, business owner, or entrepreneur who love focusing on the end game of success, but struggle to realize and overcome the challenges that lead to victory.
The whole concept was so many people always focus on the end but they don’t realize that first there is a dream and then there is a challenge which leads to the victory. Unfortunately the majority of everyone quits in the challenge. This book was a deep dive into what people did to persevere when the going got tough. I wanted to talk to modern day thought leaders to find out how they coped with their situation so that they could come out on top.
You have to have Passion, talent, take action, association and faith; chances are you have found something that works for you. I have realized that when people find what is important to them, that’s where things move. If you are following someone else’s dream chances are you will fall short. If you follow someone else’s passion, chances are it’s not yours so you’ll give up. It’s the people that find their own success equation and do it all out; those are the people that truly live a purposed filled life.
The story comes from R. U. Darby, the gold miner who gave up three feet away from the largest strike in history. It reminded me that most people quit when the going gets tough. So I went on this mission to meet amazing people and the very first person that the Napoleon Hill foundation asked me to reach out to was a guy named Dave Liniger and people don’t know his name but you’ll know his business. I asked Dave if he wanted to quit when he was getting started in real estate back in 1970 and he said every day.
He said it was so bad for two years that every phone call that came in was from a bill collector. The third year it got so bad he was sent to jail and called a fraud and a liar. I asked him what he did and he said he took his attitude from trying to prove everyone else wrong and do something more important just to prove he was right. He called the bill collectors back and told them he didn’t have all the money but he had $50. He sent it to them with a promise that he wasn’t going to quit and asked them to not give up on him. He called every bill collector until the fourth year someone believe in him, bought the first business and that’s called RE/MAX Real Estate Corporation. The moral is how many times have we or someone we know given up right before the miracle happens. I went and met with the president of NASCAR, Mrs. Fields Cookies and the guy building the elevator to space and I asked them all how they avoided from keeping themselves from talking themselves out of the dream. One of the greatest wisdoms came from a guy name John Schwarz who invented String Theory. For ten years everyone said he was crazy and out of his mind but he figured it out. When I asked him why he didn’t quit when everyone else thought he was crazy, he said it’s because he knew he was right. He said the secret of success is to never let another person talk you out of your dream. He said that if you want to be successful, successful people seek counsel and failures listen to opinions. Opinion is based on ignorance, lack of knowledge and unexperienced. Counsel is based on wisdom, knowledge and mentorship. John Schwarz said if we would spend our daily lives only seeking counsel and ignoring people’s opinion, that’s the day your life would change.
The whole idea of writing this book was to help everyday people put themselves in this circumstance and when you’re flipping through the pages you realize you are not alone. Each and every person we talk to, you see yourself in their circumstance saying if they did it, you can too.
“All I want in life is to give my life my all.” – Greg S. Reid
I’m an author, speaker and filmmaker in San Diego, California. I have been married for about five years and have a two year old kid which is the pride and joy of my life.
In 1908 Napoleon Hill was given a letter of recommendation from the riches guy in the world, Andrew Carnegie, to go meet his friends to create the first ever formula for success, which is known as Think and Grow Rich. One hundred years later in 2008 the president, CEO and family of Napoleon Hill foundation wrote a very similar letter and they gifted it to me. Napoleons family gave me an opportunity to help carry on and modernize the teachings of the 20th bestselling book in history. The whole concept was could I go out and write a book based on the first chapter of Think and Grow Rich about not giving up when you’re just three feet away from gold.
Think and Grow Rich by Napoleon Hill
The Ultimate Gift by Jim Stovall
Buy Three Feet From Gold by Greg S. Reid on Amazon today
Visit BookGreg.com for information on Greg’s featured films and exclusive content
Follow Greg S. Reid on Facebook
Download the full transcript here
Listen on iTunes, Stitcher , and SoundCloud
Related books: Think and Grow Rich by Napoleon Hill | Freedom After The Sharks by Geoff Hudson-Searle | The New Rich by David Moore
Relevant advice and tips: Who is Napoleon Hill and Everything An Entrepreneur Should Know About Him
What did you like and not like about this episode? Fill out this one minute survey here.
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