You’re probably not a business owner

Are you a business owner?

Most of you reading this article are going to answer, yes. I’m here to tell you that’s bullshit. It’s more probable that you are a business operator. Let me share my view on the perfect business model and what you need to do to become a true business owner.

There are many ways to do business and throughout the years I’ve discovered my ideal way to run any business. Keep it simple! Your business needs:

Marketing: Simply put, when you are not marketing your product or service no one will know you exist. Like Tony Robbins says; “You’re a billboard in the desert and no one knows you’re there”.

Sales: Sales is the lifeblood of your company and if this lifeblood is not streaming through your company’s veins, it will die very rapidly.

Customer care: So many entrepreneurs focus on getting new clients and completely forget to nourish their existing ones. When your existing clients are happy the probability of them buying from you again is somewhere between 60-70%. Whereas a the probability of a fresh prospect is 5-20%. Keep your current customers happy and well taken care off at all times.

Administration: By this I mean, everything from administration, to daily operations to finance. To me backend tasks are like plumbing in a house. You don’t see it, but it’s essential that they’re there and running smoothly.

Delivery or fulfillment: Your product or service needs to be delivered. Make sure this, as any part of your business, exceeds people’s expectations.

Innovation: With the demand for better problem solving rising at an exponential rate, you can’t avoid to respond. Make sure you create an innovative culture in your business, so you are ready to respond when the markets change. You will be the first to see and materialize new opportunities that arise. Always be growing because if you aren’t growing you are dying.

Now that I have shared my perfect business model with you, let me ask you this: Are you the one that does the marketing in your business? Perhaps you are the sales manager in your business? Are you responsible for admin? Many entrepreneurs will focus on some, if not all, of the above mentioned parts, however in my experience there is no way you are truly passionate about doing them all. Plus, and maybe even more importantly, there is no way your superpower is in all of these areas. Most people have one or two superpowers and by not laser focusing on them you are essentially diluting your power.

Let me give you an example. Coca Cola is a billion dollar formula. Now lets say you add water to it, will it still be a billion dollar formula? No, it won’t. Will it sell? Yes, but it’s certainly not worth a billion dollars. It will be that cheap coke that you see on the floor of the supermarket which sells for cents not dollars.

The same applies to you. When you dilute your power and do things you shouldn’t be doing you are never going to be the Apple, the Coca Cola, the Amazon. You are never going to dominate in your industry.

The secret is to focus on your strengths and delegate the other areas to experts in those. Have the mindset that some tasks is simply someone else’s job. Now if you’re passionate about delivery or innovation, then do that! I’m not saying you can’t. Ultimately, what you, the entrepreneur, wants to be focusing on is being the OWNER.

The business owner should focus on maintaining the vision. It’s the one thing that cannot be outsourced. And just like in football the owner is also responsible for watching and enjoying the game. Just be aware of where you are and how you are operating in your business. Instead of diluting, step into your power.

The upside is that because of COVID-19 so many people are looking for jobs or part time gigs. That means you can dive into the talent pool and attract people that are going to do the things you shouldn’t be doing. By working hard you can go very far, but by working smart and working together with your team, you can go even further!  

Want to meet and work with Arnon Barnes? Visit his website www.arnonbarnes.com to learn more.

Short bio:

Arnon Barnes started his first business at age 11 and built and sold his first multi million euro company by the age of 28! 

In the past 7 years Arnon has personally trained and coached more than 90 000 people from well over 65 different countries including, The Netherlands, Belgium, Poland, Italy, Sweden, Denmark, Norway, the UK, Brazil, Singapore and South Africa to name a few.

Arnon is an explosive international speaker, author, investor and one of Europe’s leading and most exciting business mentors.

  

I help solopreneurs get MORE PROFITABLE in WAY LESS TIME, grow and scale their one man businesses into time independent 7-8 figure machines that make money even when you’re asleep. Learn how in my Renegade Solopreneur Profits Bootcamp.

The Financial Journey Of Jack Ma

Chinese retail giant Alibaba, entrepreneur Jack Ma, is stepping down as chairman of its parent company on September 10. The entrepreneur, who turns 55 on this day, is stepping down as chairman and CEO of Alibaba Group, China’s second-largest e-commerce company, on his 55th birthday according to Indian Express.

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Ma reflected on his role in founding Alibaba as a small Chinese company that linked overseas buyers to online trading venues.

How Jack Ma Works Hard to Achieve Financial Success

The company, which is listed as the US Alibaba group, is owned by Ma and announced a joint venture to redefine the online shopping experience for Chinese consumers on overseas and domestic trips. Widely regarded as a symbol of “Chinese entrepreneurship,” he was named one of China’s most influential and influential business leaders and Financial Times Person of the Year 2013 as per Life Hack.

The Financial Journey Of Jack Ma

He managed to get Yahoo to invest a significant billion dollars in 2005 for a 40% stake in Alibaba. After Alibaba raised $10 billion when it went public in 2014, there was no doubt that Jack Ma was about to beat eBay in China.

Alibaba’s Fantastic Success

Eight Roads reported that Alibaba’s $25 billion stock market value was listed on the New York Stock Exchange, and it was billed as the world’s largest initial public offering with a market capitalization of $1.2 trillion and a valuation of more than $100 billion.

However, a group of 18 people, led by Jack Ma, ignored all the hype and founded Alibaba instead.

They founded an online wholesale market called Alibaba with the help of their friends and students. Ma returned to Hangzhou from Beijing in 1999 to start his own company, the Alibaba Group, which was to connect small businesses on a single platform.

When he announced last year that Alibaba had gone from a company that relied on individuals to a company that relied on collective excellence, Ma wrote, “Alibaba graduated to be a company that thrives on collective excellence.”

The legend decided to quit his job as chief executive of Alibaba Group to pursue philanthropic goals after the achievement. For a financially strapped entrepreneur, Ma’s trip was nothing short of a miracle, but his decision to turn his back on his business and family does not change the fact that he is Jack Ma.

His Stunning History

He is a Chinese Internet entrepreneur who, against adversity and criticism, launched his first major venture.

Black Rock chief executive Larry Fink is exploring how companies can generate long-term financial returns.

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You will learn more about the driving forces behind the world’s most successful companies, from the history of the financial industry to the current state of the financial markets. With a staying power that goes far beyond yours, this is an exciting read for business people, start-up founders, and students alike.

Jack Ma, aka Ma Yun, did not have a rich father, but he was born into a wealthy family in Communist China when it was very isolated from the West. The book was written by David Schoenfeld, a former Morgan Stanley analyst who met Jack Ma while he was an adviser to Alibaba.

David was one of the first to meet the little boy named “Ma Yun,” and when Ma began his entrepreneurial journey, his belief that it was glorious to become rich was unraveling on its own.

The agreement was announced in Beijing on August 11, 2005, and then, on the sidelines of the World Economic Forum in Davos, Switzerland, US President Barack Obama interviewed Jack Ma.

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Ed Mylett’s Guide To Success

Ed Mylett is one of the most successful corporate leaders in the United States and founder and president of Ed’s Leadership Institute, the world’s largest private equity firm. He was the youngest person ever named president and national executive committee, and was named one of the 50 richest people by Forbes Magazine and New York Times Business Week.

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Ed Mylett’s Exciting, Motivational Podcast

The School of Greatness brings together some of the world’s most inspiring people, from entrepreneurship to sport, and discusses inspiring stories of how to bring greatness to people according to Inc.

The host of this podcast is best-selling author and motivational speaker Ed Mylett and he uses the podcast to talk about his personal journey to success and to talk to the most inspiring people in the world around him.

Ed Mylett’s Guide To Success

Whether you’re an entrepreneur starting your next business, or just someone who needs a little more excitement in your life, this podcast should be at the top of your listening list. If you are a driven and focused entrepreneur chasing your dream of success, you should be sure that it is catching up with you, no matter what it may be.

You hear his voice in the podcast when he talks about maximizing his life when you’re back with all his sponsors.

The best part about the story is when he tells people who can see him in person, and they often wonder why he is still a teacher, even though he looks so much older.

What Motivativated Him to Be Successful

His father is the first example of what it takes to succeed in life, and he was drafted to play professional baseball when he suffered an injury that ended his baseball career as reported by Amazon. He eventually lived with his father, who was molested as a boy, whose parents were dead or imprisoned, and who had been removed from his family as stated by Market Domination LLC.

At a very young age, Ed decided that if he had to work in life, he might as well work for himself and speak his own word.

He immediately realized that he had to spend his life working for others and making their dreams come true. His wife Kristianna, who has been his sweetheart since he was a teenager, and he shares the same vision for life.

“I immediately realized that I had to work hard for three to five years of my life to realize my dream. He finally convinced me that if I let him, I could have the freedom to do what I wanted, and I am glad I did.”

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His Inevitable Success

His constant dreaming and effort paid off, and his business grew and flourished, making his employees some of the most inspiring and successful leaders in the industry.

The company not only provides the Mylett family with a huge income today, it also gives them the freedom to do what they want, when they want and where they want. Ed and Kristianna went from a typical young couple struggling financially to millionaires.

As the most dedicated entrepreneurs and leaders, we spend our entire lives making plans and developing strategies for how to succeed, but we do not spend a single day practicing to prepare for success.

I help solopreneurs get MORE PROFITABLE in WAY LESS TIME, grow and scale their one man businesses into time independent 7-8 figure machines that make money even when you’re asleep. Learn how in my Renegade Solopreneur Profits Bootcamp.

How John Chow Became An Internet company

John is the first person to reach seven figures for his company, as his blog consistently earns a five-figure monthly income. According to Network Marketing Nation, he runs JohnChow.com, which ranks in the top 15,000 worldwide, and his own blog, John Chow Blog, is listed in the top 5,000 sites worldwide in many countries.

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Adam Reimer’s blog is a great resource to monetize your website and mobile advertising. After more than a decade of working in online marketing, he wrote his first book and began using this blog to answer questions he receives regularly.

Ryan Robinson is the founder and publisher of mobile marketing blogs that specialize in helping people create blogs that generate real revenue for their websites and businesses.

How John Chow Became An Internet company

How to Become Successful

He also has a podcast called “The Side Hustle Project,” in which he interviews successful entrepreneurs and explains how to run a successful online business as indicated by Academy Access Trade.

One of his epic posts is about starting your own blog and one of the best ways to monetize your blog is through affiliate marketing.

Affiliate marketing generates revenue for bloggers and marketers by getting people to click on links and earn commissions. At the heart of John Chow’s fortune is his ability to harness the magic of ad networks and affiliate marketing to create his cash cow.

The Academy suggests useful affiliate instructions, tips and tools that could help you increase high-quality traffic and optimize your campaigns.

Some subsidiaries pay $50 or more, while others pay just $4 or less, according to John Chow’s own research and analysis.

John knows how to find those who tip the most and saves you a lot of time in finding opportunities. John Chow’s blog will certainly be one of the biggest resources to help people start and grow their online business.

His numerous successes as an online blogger have helped him to help millions of aspiring bloggers reach the stars and get into their niche to make bigger profits.

John Chow’s Exceptional Marketing Success

In the publication New Trends, there is a close-up of John Chow, in which he proudly announces that he is the No. 1 responsible for creating one of the most successful online marketing campaigns ever.

John Chow is a successful online entrepreneur who has been featured in various news media and was voted the best affiliate marketing blog in 2012 as per Review Earn.

Since John has been involved in internet marketing for so many years, he has had several sources of income over the years. John Chows introduced the same system that allows them to earn millions of dollars online.

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IM with John Chow complained about the 60 Day Couch Program, which shows you everything you need to know to make money online!

Many successful Internet marketers (myself included) like to share their knowledge, including our knowledge, with other people. The main strategy for making money seems to be blogging and blogging, although nowadays you also develop your own educational products.

John Chow makes most of his money from sources and research while teaching others how to make money online.

I help solopreneurs get MORE PROFITABLE in WAY LESS TIME, grow and scale their one man businesses into time independent 7-8 figure machines that make money even when you’re asleep. Learn how in my Renegade Solopreneur Profits Bootcamp.

Billionaire Charlie Munger And The Tantalizing Investment Formula That Gives Wall Street A Regular Shellacking From Nebraska

Charlie Munger, 95, a veteran dweller of Pasadena, California, is possibly one of the most inspiring billionaires. Possibly, he’s best known as the Vice Chairman of the globe’s largest CI (Compound Interest) machine, Berkshire Hathaway Inc. Munger is best known as the investing legend Warren Buffett’s right-hand man for his reliable performance. 

 

As per Forbes, his worth mounts about $1.8 billion, as of March 2019. Massed to his role alongside Warren Buffett, Munger is also the chairman of the publisher, “The Daily Journal Corporation.” He’s also on board of Costco, the giant-box retailer.

 

Munger has lived or living up a wild successful life, by nearly any standard. He’s almost a centenarian.

 

Just Like Warren Buffett, Mr. Munger hails from Omaha, Nebraska, US, an unstylish part of America’s Midwest. Both are great disciples of the great investor, economist, & professor, Benjamin Graham, “The Father of Value Investing.”

 

Talking of excessive competitiveness, the belief of Charlie Munger is that Wall Street allures and rewards people who want to subscribe to the culture of a “locker room” and these are the individuals who just want to win anything that comes in their way. They are so damn competitive that what a particular thing A person is doing, the same or better than A is the desire of every person to do.

 

As per Munger, he believes in 3 crucial advice and they are, it’s you who have to figure out your advantages and brimming talents, secondly, you have to learn the art of handling your own mistakes, & last but not least, to say “I Don’t Know” is absolutely a fine answer. Munger believes in the damage given to others by his pithy-wise mind.

Munger says, “Nobody expects you to know everything about everything,” and “When you don’t know and you don’t have any special competence, don’t be afraid to say so.”

Before Munger joined Berkshire Hathaway Inc, he first nailed his skills as a lawyer. Buffet once pen-down in the shareholder letter, he first worked as a lawyer as his time was billed at $15/hour. And also, Munger is an architect.

Warren Buffett gives kudos to Munger for the triumph of Berkshire Hathaway. Buffet says, “Consequently, Berkshire has been built to Charlie’s blueprint. My role has been that of the general contractor, with the CEOs of Berkshire’s subsidiaries doing the real work as sub-contractors.”

Between the time of 1965-1975, the success of Munger is continued in his formal involvement at the Berkshire Hathaway Inc. He began a partnership for an investors’ group, which produced an annual return of approximately 20pc in contrast to less than 5pc for the Dow Jones Industrial on an average.

In Buffet’s essay on “The Superinvestors of Graham-and-Doddsville,” he narrated about his very first meeting with Mr. Munger, who was an exceptional lawyer during that time and he even discussed his smart and cunning investing style.

Further Buffet said that as a hobby, the law goes fine, but he has the cyclone of skills inside him and can do so much better and that’s how his journey of spinning into a billionaire started with his magic investments that offer a regular defeat to Wall Street.

In an interview given to The Wall Street Journal, he said that why he is on the cloud of achieving success because of his self-destructed loved top-notch ideas. The more he destroys his previous best ideas, the more he flies and succeeds. 

In 2009, in an interview with BBC, Munger talked about what problems he sees with Wall Street in terms of ideological blindness, short-termism, and cutthroat culture of “locker room.”

Giving his views on ideological blindness, it’s not possible to domesticate all the excessive despondency & senseless enthusiasm that comes as an integral part of the capitalist economy, but you have the power to domesticate it. Murger believes in the strong existence of wise restraints that must be inflicted on the financial sector for the better functioning of the economy.As per Munger, striking a perfect balance with the relevant regulation amount that matches the satisfaction of both sellers and buyers, alongside stakeholders in the market should be your priority.

Back in 2000, in the book published by Munger named, Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger, Munger accepted that his family was earning checks of $2,000-$3,000 every month from his trust’s investment, and this is the investment all from his initial $1,000 investment. From this, it’s clear that this is one of those rare investments that not every time knock your luck hard work and door. 

And hence, Murger highlighted that it’s important to learn that life revolves around a few great opportunities in your average lifetime. 

It’s not a game of children, or that frequent occasion when several people have this opportunity to pile up $1,000 and gather around 100 times much more every year.

In a nutshell, in the language of Munger, life is all about small decisions you make, and it’s the place where the result is your biggest reward. But only if you will keep your ears and eyes open.

Charlie Munger one of the greatest incredible sources of investing anecdote has proved that their touch in the investments turns out to “Gold.”

I help solopreneurs get MORE PROFITABLE in WAY LESS TIME, grow and scale their one man businesses into time independent 7-8 figure machines that make money even when you’re asleep. Learn how in my Renegade Solopreneur Profits Bootcamp.