Creating a Successful Business Plan
As I discussed in the article The Power of Using OPM…Other People’s Money, most entrepreneurs get lost in the maze of figuring out what makes an investor bite and thus fund one business plan versus another. The people with the money have a set of rules and invest in things that the poor and middle class are not even aware of. To successfully raise money, you must understand the rules that the rich use to make their investment decisions.
Creating a Successful Business Plan
As I discussed in the article The Power of Using OPM…Other People’s Money, most entrepreneurs get lost in the maze of figuring out what makes an investor bite and thus fund one business plan versus another. The people with the money have a set of rules and invest in things that the poor and middle class are not even aware of. To successfully raise money, you must understand the rules that the rich use to make their investment decisions.
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Negotiations are in Paradox
Have you ever been in a negotiation and gotten everything you wanted?
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Expand the Pie Before You Divide It
In almost all negotiations, there comes a time when the parties get stuck. I have said repeatedly what I want, you have said repeatedly what you want and we are still apart. We are both dug into our positions and the more often we repeat our position, the more solidified it becomes in our own minds. This is the time that is the most challenging and the most fun because it requires you to be creative. Usually when it gets to this point, it sounds like an either/or kind of conversation and usually the conversation is about to get heated or emotional.
Expand the Pie Before You Divide It
In almost all negotiations, there comes a time when the parties get stuck. I have said repeatedly what I want, you have said repeatedly what you want and we are still apart. We are both dug into our positions and the more often we repeat our position, the more solidified it becomes in our own minds. This is the time that is the most challenging and the most fun because it requires you to be creative. Usually when it gets to this point, it sounds like an either/or kind of conversation and usually the conversation is about to get heated or emotional.
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Money Follows Management
Robert Kiyosaki, in his book Rich Dad’s Guide to Investing, points out on the opening page, his rich dad’s advice on investing, “Don’t be average.” The same advice can be given to every entrepreneur who dreams of striking it rich by starting a company. They think that because they have dreamed up a snappy new product, it will be easy to raise some money and then even easier to parlay the great idea and financial backing into the “next big thing.” It takes more than an average person to successfully turn an idea into millions of sales and thus millions of profits.
Money Follows Management
Robert Kiyosaki, in his book Rich Dad’s Guide to Investing, points out on the opening page, his rich dad’s advice on investing, “Don’t be average.” The same advice can be given to every entrepreneur who dreams of striking it rich by starting a company. They think that because they have dreamed up a snappy new product, it will be easy to raise some money and then even easier to parlay the great idea and financial backing into the “next big thing.” It takes more than an average person to successfully turn an idea into millions of sales and thus millions of profits.
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The Power of Using OPM
Most people are in the “rat race” financially, going round and round, living paycheck to pay check. One of the keys to getting out of the rat race and creating financial independence is knowing the secret of leveraging other people´s time and money. The ability to raise and use OPM and OPT is crucial to obtaining the financial freedom you deserve and desire.
The Power of Using OPM
Most people are in the “rat race” financially, going round and round, living paycheck to pay check. One of the keys to getting out of the rat race and creating financial independence is knowing the secret of leveraging other people´s time and money. The ability to raise and use OPM and OPT is crucial to obtaining the financial freedom you deserve and desire.
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