DECEMBER 2010 Greetings & Salutations: It seems a ho'bunch of you liked the Q&A format from last month. -- So, I'll do some more this month. Q: What are the biggest mistakes you've made in your career? A: Mistakes? Who, me? Never! But, there was this one time ... All kidding aside, there are really no mistakes that I've made that stick-out as being "the biggest" or even the most important. Babe Ruth was known as the "Home Run King" - but - he had more strike-outs than he did home runs. I can count my successes on my fingers - but - when it comes to mistakes, I couldn't count them on all my fingers, toes and hairs on my chest. The secret to real success is to make mistakes. -- You don't learn anything from your success but mistakes teach you valuable lessons ... IF you don't make the same mistakes over & over again. It's like the one-time wonders who hit one big success, then never do it again. They couldn't learn anything from their success, so they are locked-in to telling the story of their one big success over & over & over; ad naseum. Q: What would you say are the best offline opportunities? A: Who is the most beautiful woman in the world?? -- Depends upon who's looking, doesn't it. Look around you. There are millionaires in every field of business endeavor. There are millionaire garbage collectors ... millionaire bankers ... millionaire shop keepers ... millionaire day-care operators ... millionaire internet marketers ... etc., etc., etc. As Albert Einstein said, "Anyone can be a genius, if they pick just one specific subject and study it diligently just 15 minutes each day." The same holds true in business. -- Just pick one specific business. Do it every day until you do it successfully. Most people don't fail, they just fail to stick with any ONE thing until they have mastered it. Q: What do you see as the best opportunities online at present, and in the next 2 years? A: Again, it's all in the eye of the beholder. There are very, very few opportunities that couldn't be the "best" for someone. It is all a matter of persistence. As Benjamin Disraeli said, "The secret to success is the constancy of purpose." What would be "best" for me ... since I have a very high risk threshold ... wouldn't be the "best" for anyone seeking any kind of security; or privacy. To succeed in business, you must leave your comfort zone and tread into untried waters ... willing to take the risks. Q: Do you treat your online business as you would a brick and mortar business? A: Yes. -- As Benjamin Franklin said, "Keep your business and your business will keep you." Unfortunately, all too many online business people treat their business on a catch-as-catch-can basis. They don't establish office hours or keep with any established schedule ... worst of all are the ezine publishers who set a circulation date for their publication then allow almost anything to keep them from meeting their own deadlines. -- Even while I was in the hospital; after my heart surgery, my publications went out on schedule. If you are going to have a business; any kind of business, you MUST establish all the "rules" you will follow ... then, follow them. Q: In the respect of customers there is a kind of unwritten rule that says the customer is always right. Does this apply in the online world as well? A: The customer may not "always" be right - but - a customer is always a customer. Too many wannabees want to "make sales." -- Those of us who succeed "make customers" ... then, we do everthing in our power to keep those customers. Our customers are our only real asset -- BUT ... Unfortunately, there are some customers who become a liability; rather than an asset. When a customer costs more than that customer is worth to keep, it is best to drop that customer from your roles. Q: How important is a business plan if you don't need to raise funding to start your business? A: A business that doesn't plan, plans to fail. Even when financing is not required, a wise business person writes a plan ... even if it is just a list of gonna do's ... to keep track of what they are doing; what they are going to do - and - what results they anticipate. -- Of course, the plan is subject to change at any time.
DECEMBER 2010
Greetings & Salutations:
It seems a ho'bunch of you liked the Q&A format from last month. -- So, I'll do some more this month. Q: What are the biggest mistakes you've made in your career?
A: Mistakes? Who, me? Never! But, there was this one time ... All kidding aside, there are really no mistakes that I've made that stick-out as being "the biggest" or even the most important. Babe Ruth was known as the "Home Run King" - but - he had more strike-outs than he did home runs. I can count my successes on my fingers - but - when it comes to mistakes, I couldn't count them on all my fingers, toes and hairs on my chest. The secret to real success is to make mistakes. -- You don't learn anything from your success but mistakes teach you valuable lessons ... IF you don't make the same mistakes over & over again. It's like the one-time wonders who hit one big success, then never do it again. They couldn't learn anything from their success, so they are locked-in to telling the story of their one big success over & over & over; ad naseum.
Q: What would you say are the best offline opportunities?
A: Who is the most beautiful woman in the world?? -- Depends upon who's looking, doesn't it. Look around you. There are millionaires in every field of business endeavor. There are millionaire garbage collectors ... millionaire bankers ... millionaire shop keepers ... millionaire day-care operators ... millionaire internet marketers ... etc., etc., etc. As Albert Einstein said, "Anyone can be a genius, if they pick just one specific subject and study it diligently just 15 minutes each day." The same holds true in business. -- Just pick one specific business. Do it every day until you do it successfully. Most people don't fail, they just fail to stick with any ONE thing until they have mastered it.
Q: What do you see as the best opportunities online at present, and in the next 2 years?
A: Again, it's all in the eye of the beholder. There are very, very few opportunities that couldn't be the "best" for someone. It is all a matter of persistence. As Benjamin Disraeli said, "The secret to success is the constancy of purpose." What would be "best" for me ... since I have a very high risk threshold ... wouldn't be the "best" for anyone seeking any kind of security; or privacy. To succeed in business, you must leave your comfort zone and tread into untried waters ... willing to take the risks.
Q: Do you treat your online business as you would a brick and mortar business?
A: Yes. -- As Benjamin Franklin said, "Keep your business and your business will keep you." Unfortunately, all too many online business people treat their business on a catch-as-catch-can basis. They don't establish office hours or keep with any established schedule ... worst of all are the ezine publishers who set a circulation date for their publication then allow almost anything to keep them from meeting their own deadlines. -- Even while I was in the hospital; after my heart surgery, my publications went out on schedule. If you are going to have a business; any kind of business, you MUST establish all the "rules" you will follow ... then, follow them.
Q: In the respect of customers there is a kind of unwritten rule that says the customer is always right. Does this apply in the online world as well?
A: The customer may not "always" be right - but - a customer is always a customer. Too many wannabees want to "make sales." -- Those of us who succeed "make customers" ... then, we do everthing in our power to keep those customers. Our customers are our only real asset -- BUT ... Unfortunately, there are some customers who become a liability; rather than an asset. When a customer costs more than that customer is worth to keep, it is best to drop that customer from your roles.
Q: How important is a business plan if you don't need to raise funding to start your business?
A: A business that doesn't plan, plans to fail. Even when financing is not required, a wise business person writes a plan ... even if it is just a list of gonna do's ... to keep track of what they are doing; what they are going to do - and - what results they anticipate. -- Of course, the plan is subject to change at any time.
Now, let's do some ... Questions & Answers, Comments & Other Good Stuff! Les Norman wanted to know ... "Do you know anything about midterm notes.. I had somebody ask me about them..? Les ... A mid-term note is: 1. Notes range in maturity from one to 10 years. By knowing that a note is medium term, investors have an idea of what its maturity will be when they compare its price to that of other fixed-income securities. All else being equal, the coupon rate on medium-term notes will be higher than those achieved on short-term notes. 2. This type of debt program is used by a company so it can have constant cash flows coming in from its debt issuance; it allows a company to tailor its debt issuance to meet its financing needs. Medium-term notes allow a company to register with the SEC only once, instead of every time for differing maturities. Unfortunately, the term has been abused by the Self-Liquidating Loan promoters.
Now, let's do some ...
Les Norman wanted to know ...
"Do you know anything about midterm notes.. I had somebody ask me about them..?
Les ... A mid-term note is: 1. Notes range in maturity from one to 10 years. By knowing that a note is medium term, investors have an idea of what its maturity will be when they compare its price to that of other fixed-income securities. All else being equal, the coupon rate on medium-term notes will be higher than those achieved on short-term notes. 2. This type of debt program is used by a company so it can have constant cash flows coming in from its debt issuance; it allows a company to tailor its debt issuance to meet its financing needs. Medium-term notes allow a company to register with the SEC only once, instead of every time for differing maturities. Unfortunately, the term has been abused by the Self-Liquidating Loan promoters.
Darryl Dean thought you might want to check it out ... "Here is a truly valuable FREE gift for your readers. It can especially help those who buy your Real Estate Options and Be A Millionaire courses. -- The new FREE "Contract Crusher" makes it super easy to manage your real estate contracts. And it's free if you sign up today." Check it out! Here is the free signup link: http://tinyurl.com/23hseh4
Darryl Dean thought you might want to check it out ...
"Here is a truly valuable FREE gift for your readers. It can especially help those who buy your Real Estate Options and Be A Millionaire courses. -- The new FREE "Contract Crusher" makes it super easy to manage your real estate contracts. And it's free if you sign up today."
Check it out! Here is the free signup link: http://tinyurl.com/23hseh4
Lonnie P. Clark wants you to take a look ... "This has the potential to put a lot of cash in your pocket in a short period of time. Please go and check it out for yourself. It only costs a little time for you to find out if this is for you. -- Thank you for taking a look!" Okay ... go take a look: http://www.newpathtoabundance.com
Lonnie P. Clark wants you to take a look ...
"This has the potential to put a lot of cash in your pocket in a short period of time. Please go and check it out for yourself. It only costs a little time for you to find out if this is for you. -- Thank you for taking a look!"
Okay ... go take a look: http://www.newpathtoabundance.com
Bob Frassetto might have what you want ... "If you know of any who might want to get into a good business and make lots of cash let me know. -- I can hook em up with the high thread count bed sheets & 7 piece luxurious comforters....and the alternative down comforters which will keep anyone warm this winter." Contact Bob directly if'n you're interested.
Bob Frassetto might have what you want ...
"If you know of any who might want to get into a good business and make lots of cash let me know. -- I can hook em up with the high thread count bed sheets & 7 piece luxurious comforters....and the alternative down comforters which will keep anyone warm this winter."
Contact Bob directly if'n you're interested.
Well ... that's it for this month. -- In order to make every issue responsive to YOUR needs, please send me your questions; or tell me what sources or resources you need to build your business; or give me any thoughts you want to share with your fellow members. Believe it or don't ... I ain t a mind-reader. -- If n you doesn't tell me what you need, I may never touch upon the information, sources or resources you need. This is your publication for you to use to your benefit ... I am just your moderator. Until next month, keep well ... J.F. (Jim) STRAW Grande Panjandrum
Well ... that's it for this month. -- In order to make every issue responsive to YOUR needs, please send me your questions; or tell me what sources or resources you need to build your business; or give me any thoughts you want to share with your fellow members.
Believe it or don't ... I ain t a mind-reader. -- If n you doesn't tell me what you need, I may never touch upon the information, sources or resources you need.
This is your publication for you to use to your benefit ... I am just your moderator.
Until next month, keep well ...
J.F. (Jim) STRAW Grande Panjandrum
Thoughts For The Month! "Trust that little voice in your head that says "Wouldn't it be interesting if.."; and then do it." --Duane Michals "The wisest person is not the one who has the fewest failures, but the one who turns failures to best account." - Robert R Grant
Can you stump the old master? -- Betcha can't! Over the past 50 years (man and boy), I have made bundles of money in direct selling, service contracting, wholesale merchandising, entertainment (I was a professional Trumpet player, vocalist & Radio Announcer), freight forwarding, import/export, retail merchandising, warehousing, real estate, electronics manufacturing, finder's fees, closeout merchandising, financial brokerage, business consulting, steel fabrication, gold and coal mining, offshore banking, mailorder, writing, and publishing. -- That being the case ... No matter what business you're in ... whether you're just starting, well on your way, or at the top of the heap ... I've probably been where you are, done what you are doing. -- So ... Anytime you have a question about 'how' to do something in your business - or - if you have any comments about anything I've said in issues of this e-Letter; or if you want to add your 2 cents worth ... just "ask" me or "tell" me. Send your Questions, Comments or 2 Cents Worth to ... with "Question" - "Comment" - or, "2 Cents Worth" in the SUBJECT. If I, personally, don't have an answer to any question you may ask, I will contact some of the professionals in your field of endeavor (I will probably know one or more personally) to get the real 'skinny' for you. Note: If you want to ask a question anonymously just tell me so when you send in the question. -- Nobody but you and I will know who asked the question.
Over the past 50 years (man and boy), I have made bundles of money in direct selling, service contracting, wholesale merchandising, entertainment (I was a professional Trumpet player, vocalist & Radio Announcer), freight forwarding, import/export, retail merchandising, warehousing, real estate, electronics manufacturing, finder's fees, closeout merchandising, financial brokerage, business consulting, steel fabrication, gold and coal mining, offshore banking, mailorder, writing, and publishing. -- That being the case ...
No matter what business you're in ... whether you're just starting, well on your way, or at the top of the heap ... I've probably been where you are, done what you are doing. -- So ...
Anytime you have a question about 'how' to do something in your business - or - if you have any comments about anything I've said in issues of this e-Letter; or if you want to add your 2 cents worth ... just "ask" me or "tell" me.
If I, personally, don't have an answer to any question you may ask, I will contact some of the professionals in your field of endeavor (I will probably know one or more personally) to get the real 'skinny' for you.
Note: If you want to ask a question anonymously just tell me so when you send in the question. -- Nobody but you and I will know who asked the question.
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