Invest $100 Dollars and Grow Enough Seed Capital to Start Your Own Business

Do you have ideas for a business you want to start but do not have the seed capital it takes to get your business idea off the ground? Are you tired of being turned down for small business loans because of your credit or financial status? There is a way you can grow enough seed capital to start your own business and even build a substantial income. If a sixteen-year-old can do it with his lawnmower in one month, then so can you!

One summer day I observed my neighbor’s teenage son as he went door to door with his lawnmower offering to cut grass in our neighborhood. I asked him how many lawns he had cut that week and he said four and needed two more to make $120 dollars. I admired the young man’s determination and ambition and I asked him if he was saving for anything in particular. He told me he wanted to buy a car that cost $1200 dollars that he hoped to have saved by the end of summer.

My neighbor’s son didn’t realize that what he was doing was similar to the concept of compounding money. If he repeated cutting the lawns of the neighbors that paid him weekly and added one more lawn per day each week, his money would grow exponentially. His $120 dollars from the first week of cutting one lawn a day would double the second week to $240 dollars; by adding one more a day the third week to $360 dollars and by the fourth week he would make $480 dollars for his week’s labor. His earnings for four weeks would have totaled $1200 dollars. If he thought he could make enough to buy his car by adding one lawn a day, six days a week, for four weeks, I’m sure he would have done it without any problem. Otherwise, it would take him the entire summer at $120 dollars a week to make his $1200 dollars to buy his car.

This is how compounding your money works. The goal is to take the initial investment and increase it by 30% or higher. Using this example, the first $120 dollars never left the young man’s pocket; his investment object (which was his physical labor) increased his investment ten times by adding to his weekly earnings. He would have earned ten times his initial goal of $120 dollars a week in just four weeks, a 1,000% return!

Imagine if this was your $120 dollars that you started with as your initial investment. The difference being, instead of doing a laborious type work for your money to grow, you used the internet to find investment objects with intrinsic value that you could purchase. You would have enough of a profit margin built-in to locate buyers to purchase your investment object that would give you a Return On Investment (ROI) of 30% or higher. The key to this method of compounding money is to repeat this process by reinvesting your profits back into purchasing objects of greater market value and reselling for a higher ROI.

The great thing about compounding is you can start with whatever amount of money you have to work with. You can start with $100 dollars and build enough seed capital to start two or three businesses. Use the internet to search for investment opportunities that you can invest in and build on. If a sixteen-year-old can do it with his lawnmower, you have a much greater advantage; you don’t need a lawnmower as your tool, you just need the knowledge and then the skill. Knowledge can be acquired, and the skill will come through experience. So gather together your initial start-up capital and get started!

Digital Magazines: A New Way to Grow Your Business Presence

Today the Internet has changed not only how people access & use the information but also their routine. The number of options when it comes to data sources has significantly multiplied over the last few years and most of them are only a click away. The type of customer that used to be loyal to only one or two information channels has today been replaced by an enthusiastic, demanding and more updated reader expecting to get the latest information quickly.

Digital magazine delivers several advantages, your content can be assembled into publications that can;

Be Auto-update making sure the latest and most updated content is instantly available

Be Built in seconds

Be published everywhere

Be where your audience is present

Encourage a better user engagement

Enjoy a higher click through efficiency

Extract value of archived content

Improved advertising opportunities

Native Apps

Turn your readers into distributors/ editors

Introducing a digital magazine can benefit your business in several ways. They make a significant impact in your content distribution and other marketing plans on your content and the provisions of online traffic to your business.

The 6 benefits of digital magazines for your business are-

Global Audience Reach

With digital publishing, you get the benefit of reaching more readers beyond regional boundaries. It has become an influential way of retaining the interests of readers and maintains loyalty even when readers have shifted somewhere else. Readers can have access to the digital edition of the magazine.

Quick Publishing and Distribution

This type of publications helps in reaching and engaging more audiences in a short time. According to a survey, approx. 58 percent of digital magazine readers study their edition at the same day they get it.

Reduces Revenue Loss From Unsold Inventory

This publishing allows you to sell your latest issue copies without having the logistics and expense associated with unsold copies.

Better Awareness of Your Readers

For better customer satisfaction it’s very important to have a two way communication. With the assistance of e-publishing software, publishers can easily track how a reader is engaging with a digital magazine based on tracing every click. Tracked information can act like a captured data that can be used in identifying most chosen topics by the readers, and thus gives publishers the opportunity to proactively improve future publications to meet the reader’s interests.

Measure Advertising Goals

With the advancement in technologies of ad-management and ad-serving, now it’s possible to know how many readers actually clicked on the hotlink given in the advertisement. There is even flexibility to add rich media into content using sound, video and interactive links, offering the reader an experience to watch a commercial and read more about the advertiser online, simultaneously, without opening a separate window and look for the advertiser or the product. According to a survey, approx. 73 percent of people reading online journals are likely to pay attention to the ads, by either reading the content or tapping on them.

Flexibility for Magazine Content

Often, one of the limitations that publishers have to work around is an inflexible layout of content, which is usually prolonged by the total number of pages fixed for a magazine. While in e-magazines, number of content pages can be increased without reducing the text to properly fit in the expected format or changing the layout. Also, there is no extra cost for printing or paper by including more pages to the online journals.

In today’s digitally driven society, more and more people are using smartphones, tablets or other mobile devices. That’s why it’s important for businesses to adopt new changes and technologies to continue to succeed and exploit the ever-growing online world and the several benefits that it entails.

Tips on How to Grow Your Business

It is easy to start up a business but to maintain it and see it grow is a difficult task. There are several tips on how one can grow his or her business. Growing a business needs a lot of preparations which involves motivation, capital, time and patience. There are issues that you need to consider while you’re starting it up and make future plans on how you will help it grow.

You need to consider your costs and challenges. There are different costs that are incurred while starting up a business and those that are incurred while the business is operating. These costs include, man power, taxes and general expenses like electricity. Draw a proper plan on how you will be able to handle those costs so that they do not consume a large proportion of your profits. Aim at minimizing expenses in order to increase profits which you will reinvest back into your business hence giving it a chance to grow.

There are also challenges that business is likely to face for example competition. Make sure you research more into the market that your business is aimed to serve and how to out compete the likely close competitors. Be creative and do not stick to one method competing, you can adopt price differentiation or selling quality and standard products, even the way you brand your products matters.

Increase your clientele base. You can do this through many things; customer care is a major factor that most customers depend on to get attracted to your business. Respect customers because a customer is your boss in the business world. Listen to their desires do whatever they are requiring you to do. Most of the customers give you ideas on promotions you can run so do not ignore them

Also follow up your customers ask them how the products you should to them have been helpful and always design products that will make them purchase more.

Advertising is another key to any growing business. Advertise in newspaper, business magazine, social media and the internet.

Acquire affiliates to reach more people and down sell your prospects that will reject your initial offer

Choose a right location for your business. This depends on which products or services you’re selling and to which kind of people. Locating a business in a right place will help you to determine the prices to charge for your products and the type of the customer base your serving.

How Can a Content Writing Agency Help To Grow Your Business?

In the digital world, content is the king. This term is entirely correct as the whole internet is striving on the content posted on the website. The primary thing necessary for a website to rank higher in the search engine result pages is top-notch content. After considering this thing, you must be thriving to add content on your site. However, mere adding a large number of articles or blog is not sufficient for a better website. Though quantity plays a significant role, you should never ignore the quality of the content.

Most of the beginner websites don’t know the things that should be included in the online content and end up inserting the wrong things which can do more damage than good to their website. To avoid any content damage to the site, it is best to hire a content writing agency. Without a doubt, they will charge a specific amount for their work, but the results you get will surely help your business is growing. If you are still not convinced about hiring these agencies, then here we present you with some of the reasons how a content writing company can help your business.

Generate Engaging and Informative Content

Creating the right type of content for a website is the key to get the most out of a site. Content marketing agencies know what kind of content will drive more traffic towards your website. In addition to that, they have a fair idea of your niche and will only provide you with the content revolving around that specific niche.

Save Time

Undoubtedly, generating content requires time and effort investment which doesn’t even guarantee success. When you opt for a content writing service, you are taking their time and efforts and using it for your website which will ultimately save your business time. You can use that time to curate new idea for your business or its future plans. Moreover, most of these agencies come with 100% result guarantee, so it is sure that your business will be benefitted.

SEO Friendly Content

Search engine optimisation or SEO is the technique to make necessary changes on the website so that it can rank higher is the result pages. The writers at these agencies know the latest online trends and search engine algorithms which they will implement in your content that will assist your website in reaching the top spot. Every content marketing company ensures that they integrate the right set of keywords in the content which looks natural and avoid any penalty on your website.

Lower Cost

Having in-house writers is surely a good thing for every company. However, you have to bear the additional costs of these writers including their salaries, the working space, their management costs and other miscellaneous expenses. When you hire content marketing services, all you have to do is pay the desired amount to the company as per the work you are getting. This eliminates the additional costs that you have to bear, and you can invest that money for the growth of your business.

On Time Content

Sometimes companies hire freelancers rather than going for content writing company, mainly because freelancers are cheaper to hire. However, they can get the job done, but there is no guarantee to it. Apart from that, freelancers may delay in providing the content. On the other hand, these companies are highly professional and will provide the work on time without making you wait for your content.

A content writing agency will help you in meeting your daily content requirements easily. Now you know how a content writing company can assist your business growth. Go ahead and contact some of the best agencies and expand your business.

5 Publicity Hacks For Startups To Grow Your Business Now

One common thread about startups is that most are pressed for time and money.

They know they need to establish their brand, but lack the major funding of most established businesses.

Many try to muddle through in an attempt to pique the interest of journalists and secure media coverage.

They understand the longer it takes to create name recognition the longer it will take them to build sales and profitability, but they aren’t sure how to get the process rolling.

Here are five publicity hacks for startups to quickly attract the attention of newspapers, radio and TV stations, and generate the needed publicity for immediate growth.

#1. Create a short summary highlighting what makes the business special and why it is different than other companies in the market space.

A startup should avoid the standard press release if possible.

The common mistake is to create the typical release and just send it everywhere hoping something will stick.

Instead, depending on the type and scope of the business, offer an exclusive story to the media with a lot of news “hooks”.

Point out interesting details and pitch the local business journal, daily newspaper, or a TV station announcing your company’s launch before it happens.

You can put together an interesting summary with an eye catching headline. Journalists like to break stories and are always watching for new businesses they can write or talk about.

Businesses can always issue and distribute a standard press release later after a major news outlet or two have broken the story.

#2. Develop a short, quirky video for social media.

Video, of course, is highly used in today’s highly digitized world.

A video can humanize the owners and team, and get people talking about it.

Many people would also rather watch something than read about it.

A video can help cover all the bases. It can depict some emotion and show aspects of the business print cannot deliver.

A company can also link to their video for added PR value when the business does send out its press release.

#3. Host a special event.

A special event can create excitement for the leadership, team and recruiting. The right type of event can also have a lot of media value.

Creating a special event is where creativity kicks in. You can do something a little off-the-wall such as creating the world’s biggest cheeseburger or selling 50 dresses in 50 hours to build revenue for a nonprofit or repairing a house for a needy homeowner if you are a painting company or construction firm.

You can do something related to computers if you are a tech firm.

Many ways exist to execute an event and accomplish your goals. Remember a business will need something visual if you wish to attract local TV stations.

#4. Tie-in a charity.

Community outreach can be a key part of a communications program. A new company can develop something at the outset that benefits a local charity and gains the attention of the media.

Editors and producers like companies that do something creative and give back to the community.

You can do some special things with nonprofits that involve bringing your pets to work or small children. The media loves dogs and kids.

#5. Publicize your press coverage on social media and your website

Your newsroom should be kept up-to-date and make sure you link to your stories on all your social channels.

Print, video and digital all play off each other with SEO benefits as well.

Keep in mind the more coverage you get, and the more media relationships you establish, the more credibility you will have for future stories.

13 Winning Facebook Business Page Marketing Ideas to Grow Your Fan-Base!

OK, keep reading because we’ll share 13 simple strategies that

should be the first step you take after setting up your business page!

1. Videos are King. Post a video: This is the era of ed-u-tain-ment; your audience prefers to be ed-u-tained versus educated. Facebook users watch 1.8 billion videos per day, you may as well be one of them!

2. Contact with your Fans. Find out their likes and dislikes, what will fly and what’s a flop. Staying connected to your target audience. Staying plugged-in is another FREE way to perform market research. Research and polling are Great ways to ascertain exactly your visitor’s desires.

3. Add an effective CTA: (call-to-Action button) If your CTA is to book an appointment then you’ll want to write a post encouraging your target market to book their appointment now. Another advantage of correctly optimizing your CTA in this example, your clients can book their appointment by clicking your CTA. By clicking on the book now button this takes them directly to the Facebook Editorial calendar. This is a tremendous opportunity that saves massive time and increases conversion rates.

4. We love stores so include them on your page. Page Stories let you share pictures and short videos that bring your audience behind the scenes, giving them an intimate look into your business. Talk about your new Story in your post.

5. Let your visitors know what others think of you. Post testimonials and reviews: According to recent research consumers trust reviews just as much as personal recommendations. Ask Amazon!

6. News sells. Announce news: You can post business announcements via Facebook Messenger. You can post events, sales, or community affairs on your Page to reach your customers at scale for FREE!

7. Questions are the answer. One easy way to keep your visitors engaged is by asking questions. People don’t care about how much you know; they care about how much you know about them.

8. Inspiration is always a healthy choice. Post inspirational and motivational quotes. If they are unique and highly engaging, they will be shared throughout other social media platforms.

9. Share related news: When you share the news that is relatable and of interest to your target market, it gives them a warm and cozy feeling. They feel that you don’t just care about promoting your products or services BUT YOU HAVE A GENUINE INTEREST IN THEM.

10. Crowd-source feedback: Ask your page followers for feedback and use it to improve your business. This is a great way to create transparency and openness with your audience and build brand trust.

11. Share Holiday Greetings. Especially share those unfamiliar holidays, this gives it a fun-fact. And it induces engagement.

12.Create an Event: An event can be anything you make it. Create a stir and promote it.

13. If you post a piece of content that gets plenty of comments and shares; you should consider boosting that post! You never know when you may hit the nail squarely on the head or upload that perfect video that gets many shares; your visitors will let you know.

Keeping in mind recent research found that 78% of American consumers say they discover products on Facebook. Facebook is considered one of the top advertising channels online. 51% of the total US advertising dollars are spent on digital ads.

Another note, Facebook has over 2 million-month users, 65 million small business pages and 4 million advertisers on its platform. This makes it’s the biggest social media network in the world.

Lastly, Facebook is ever-changing. It’s a good idea to keep up-to-date and current with their rules, algorithm changes and marketing tactics.

Check out PYTalkBiz.com for more Facebook marketing tips and tactics. We stay current because we practice what we teach.

Outsourcing Bookkeeping Frees Up Time to Grow Your Business

The onslaught of avant-garde technology today has found many scrambling to internet based services. From medical help to mortgage refinance and now outsourcing of bookkeeping and financial services are available online. This way business finds it cost effective and very efficient.

A detailed representation of the business accounting functions is painstakingly done by the professional accountants of the outsourcing firm. Virtually what the client has to do is merely fax or scan his documents and submit and bookkeeping is made simple. The professional help automatically takes out most of the hard work out of bookkeeping.

Bookkeeping could be server based. If the client does require that his accounts books be maintained in his own computer, the outsourcing bookkeeping connects to the client’s computer through the internet. This is done with the use of remote desktop access services. Then in the morning the client will find his books updated and simplified in his computer. This means that the client gets financial statements, reports, checks, sales invoices, and others on his own computer ready to print. This he can conveniently do without having to log in to any website and be bothered by the hassles that go with it.

Bookkeeping, by its inherent nature, necessitates a lot of paper work. It seems like the work is almost always never done on time. Accounting data entry, payroll preparation, cash flow, bank and credit card reconciliation, trial balance, accounts payable management and other bookkeeping tasks which need updates every month can be reorganized and restructured in few very easy steps. Completion of the project is within the time frame given and the cost does not go over the budget.

Outsourcing bookkeeping has different processes options to update your books. There is a wide array of options available where you can choose according to your requirements as to what is best for working conditions. The client also gets to choose the process option that he finds most efficient and the compatibility of resources in his environment.

The processes the client could choose from for outsourcing bookkeeping are Remote Access Based, Hosted Software Based, Server Based and Online Options. These are some of the processes that would suit your necessities and your convenience.

Another option is for the client to send the documents either by having them scanned or through fax. The bookkeeper logs on using an online service overnight. With the help of the software, she starts to update your books, and when done logs out. While you can take a look at your books the next morning and everything is already done!

The degree of security and protection in place is the highest available today. Information is treated as confidential and sensitive. Privacy is considered of utmost importance. That is why the best of encrypted technology is employed to make sure that there is no infringement committed on your data. Only authorized bookkeepers and accountants have access to client’s documents and books.

Outsource your bookkeeping today; and focus on those functions of their businesses that really matters for its growth.

Grow Your Business With The Digital Marketing Strategy

Whether you’re re-launching a product, starting a business, or strategizing a new digital marketing plan for next year, understanding the fundamentals of digital marketing is essential to your success.

For marketers at small businesses, solo-marketers or those working for a large corporate team, digital marketing tactics will help your organization get found online by the right people to attract, convert, close and delight with your products and services.

So What Exactly is Digital Marketing?

Digital marketing is an umbrella term for all of your online marketing efforts. Businesses leverage digital channels such as Google search, social media, email, and their websites to connect with their current and prospective customers.

From your website itself to your online branding assets – digital advertising, email marketing, online brochures, and beyond – there’s a huge spectrum of tactics and assets that fall under the umbrella of digital marketing.

Here’s a quick rundown of some of the most common assets and tactics:

Assets

Blog posts

Social media channels (Facebook, LinkedIn, Twitter, Instagram, etc.)

Earned online coverage (PR, social media, and reviews)

Online brochures and lookbooks

Branding assets (logos, fonts, etc.)common assets and tactics:

eBooks and whitepapers

Interactive tools

Being a newbie marketer, it’s obviously scary for you to rely on a new technology you’re stranger to. But, We are telling here four compelling reasons why you should dispense a part of your marketing budget for digital marketing.

1. It Helps To Pitch Those Who Are Interested

It propagates methods and solutions that help to target your customers on the basis of consumer demographics, behaviors, interactions and several other segmentation. Using paid search, you can create adverts that target those audiences who are affluent enough to buy your product. Though I won’t predict 100% percent success rate for paid search or PPC, the result it delivers will be better than the traditional methods you’ve used so far. If that interests you, choose any of the popular platforms like Facebook ads, Google Ads and Twitter ads to see your business grow.

2. It Helps To Find, Test and Evaluate

It helps you come up with a more effective marketing strategy for your brand. Even after execution of the campaign, you can measure its performance like that traffic it got and conversation happened using analytics tools such as Google Analytics and Facebook insights. From planning to performance reporting, the tools let you measure the results precisely.

3. Create, Change, Create, Change… and so on

Can you change a newspaper or radio advert if you notice ambiguity in the first place or feeling it weak enough to serve the purpose? Absolutely not. With digital marketing, you can do it. You can edit or rewrite a blog/ article or review written to promote a campaign even after getting it published. Similarly, the online ad campaigns made for Facebook and other advertisement platforms can be run, stopped, or modified at any point in time. So, the advantages are visible. Test your campaign and keep experimenting until you end up with the most effective marketing campaign.

4. It’s Interactive. Ask Feedback and Improve

Another benefit of having digital marketing methods on board is that you can begin and moderate two-way communication with buyers. Digital marketing enables two way communication with outer world and helps to gain insight how audience is responding to your campaign. For instance, marketers can participate in group discussions running across the social network groups & communities, and can discuss in detail about their products and services on offer.

A Twenty First Century Christian Review of Napoleon Hill’s "Think & Grow Rich" Part One

Introduction:

In this article I will cover the biblical admonitions regarding the obtaining of wealth, a brief biological sketch of Napoleon Hill, followed by a survey of his ideas on business success. The reader will be amazed at some of Hill’s brilliant and at the same time common sense ideas of obtaining wealth. This section will focus on the positive contribution Hill made. Part two (separate article) I will cover the negative and out right dangers in Hill’s philosophy of success.

To begin this review, I would be negligent as a Christian not to mention the Biblical admonitions against the “deceitfulness of riches” Matt. 13:22 and our Lord’s warning that “you cannot serve God and Mammon” Luke 16:13. As Christians we are instructed to “seek first the Kingdom of God” Matt. 6:33. In case there is any confusion at this point I do not equate money as being evil. The distinction I see is stated by the apostle Paul when he tells us that “For the Love of Money is the root of all evil” 1st Tim 6:10.

If the reader is to take anything away from this review, it should be how to approach the topic of gaining wealth and success and excellence in business by being fully aware of the personal motives behind this desire. Have you been influenced by the ways of this world? Consider this: “For what shall it profit a man, if he shall gain the whole world and lose his soul?” Mark 8:36.

As Christians we should desire success and excellence in our endeavors not only to be a witness for Christ but also to bring glory to God. The Bible gives us instructions on life if followed will not lead to poverty. Negatively, we are neither to be a “sluggard” Prov. 20:4 nor “to love sleep” Prov. 20:13. Positively: “…diligent hands bring wealth” Prov. 10:4 “The plans of the diligent lead to profit…” Prov. 21:5. And finally, from Prov. 31:10-31; is the praise given to the noble or virtuous woman.

To begin this review, let me state up front that I see some positive guidelines for achieving success and excellence in business in Napoleon Hill’s book. Conversely, there are sections and material in Hill’s book that are antithetical to Christian beliefs and practice that the reader should be aware of. First I will offer the briefest biographical sketch and then a survey of some of the positive material in the book. In the concluding section I will point out some of the Biblically speaking problematic areas of Hill’s theories. This review is limited to Hill’s book “Think & Grow Rich” and not to his work in future years, although I will comment on it.

Napoleon Hill was born on Oct. 26th, 1883 and died Nov. 8th 1970. Hill is best known as the author of one of the best selling books of all time called “Think & Grow Rich.” Napoleon Hill is the father of what can be described as personal success or motivational literature. Hill’s biographer, Michael J. Ritt, Jr., tells us that he was born in poverty in a one-room cabin in the town of Pound, Virginia, a rural area. At the age of 13, he began writing for small town newspapers. He used his earnings as a reporter to enter law school, but had to drop out for monetary reasons.

The turning point in his career happened with his assignment, to write a series of articles about famous men and to interview the wealthy industrialist Andrew Carnegie. Hill learned that Carnegie believed the process of success could be explained in a simple formula that could be learned and put into practice by the average person. Carnegie was impressed with Hill and subsequently commissioned him and provided him with letters of reference so that he could interview over 500 successful men and women to discover and publish this formula for success. This project went on for 20 years and culminated in Hill becoming an advisor to Carnegie and the publication of “Think & Grow Rich.” The knowledge obtained from the interviews with the leaders of industry is where you find the value of Hill’s book.

It is amazing on how many of Hill’s ideas are used as quotes for practical encouragement. Some of the more common quotations of Napoleon Hill are:

o Think and grow rich

o Desire is the starting point of all achievement, not a hope, not a wish, but a keen pulsating desire which transcends everything

o Your big opportunity may be right where you are now

o If you cannot do great things, do small things in a great way

o A goal is a dream with a deadline

o Lack of loyalty is one of the major causes of failure in every walk in life

o Perseverance: The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those that fail

o Every adversity carries with it the seed of an equivalent or greater benefit

o Thoughts mixed with definiteness of purpose, persistence, and burning desires are powerful things

o The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those which fail

o First comes thought; then organization of that thought, into ideas and plans; then transformation of those plans into reality. The beginning, as you will observe, is in your imagination

o If you’re not learning while you’re earning, you’re cheating yourself out of the better portion of your compensation

o It is literally true that you can succeed best and quickest by helping others to succeed

We find that much of Hill’s book is an analysis of the capitalist system in America and how it works. Hill believed that he had discovered a principle that allows the regular every day people to achieve success. Hill called his success teachings “The Philosophy of Achievement” and he considered freedom, democracy and capitalism, to be important causative factors in his discovery. Hill’s ideas would not work in a Marxist or a centralized planned economy because the tyrannical regulation and taxation would destroy anyone’s ability to strive for success since the fruits of success would be given to others who would squander it, since it had no intrinsic value to them. Hill believed in personal honesty and in not cheating your fellow man or employees. The cheat or dishonest person would eventually be seen for what he is. A leader has to be one of moral and ethical integrity.

Hill believed that you achieve success by doing superior quality work, treating your customers as number one at all times and how anyone can become successful if they overcome their personal shortcomings. Hill also incorporates a lot of good, practical business advice like finding new opportunities created by what we would call today as disruptive technologies. Also key according to Hill, is having a written business plan and not deviating from it, along with not being afraid to make mistakes as long as you grow and learn from the mistakes. If you find your strategy to be in error you must be able to reformulate your plans. Hill believed that most people never succeed simply because a lack of ambition or self discipline. Relating to discipline, Hill said: “If you do not conquer self, you will be conquered by self.” Today there is a course on business success called Personal Mastery which is influenced by Hill’s research.

The beginning of Hill’s philosophy began first with a thought, hence the title “Think & Grow Rich.” First you formulate a plan mentally. It involves desire, belief and passion, (absolutely essential for success) auto-suggestion (a controversial area of his research) obtaining specialized knowledge, (very helpful) using the imagination, (portions of this are very controversial) organized planning, (very helpful) decision making, persistence, the master mind group, (portions of this section is very helpful) the last three areas transmutation, the subconscious mind and finally the brain are also quite controversial and unproven. One thing is certain; ideas most certainly do have consequences. In this respect, business success beginning first with an idea cannot be questioned.

As said, there are many positive ideas in “Think & Grow Rich” such as organized planning, and finding a group of people who think like you, and then turning those plans into reality. Hill was a believer in the fact that all successful people were successful because they are able to find like minded people who think as they do and who could be recruited into a business venture with them. Then their abilities, talents and passion could be utilized for benefit of the business venture. Hill is basically saying: “don’t hang around with people who don’t think like you do.” Stay away from negative people since their negativity will affect you. Our parents were correct in warning us against hanging around with the wrong crowd.

Hill’s business success ideas focused on goal setting and making sure that decisions are carried through with consistency. In the area of responsibility, it means that you are responsible for your own outcomes, and it is important that failures are not something to fixate on. Everyone has failures, and we should learn from them, including figuring out what caused them to happen. Most failures involve a breakdown of vision, or a failure to plan to take advantage of a new situation that may have arisen. An individual that is focused on success should not fixate on failure. We can learn from mistakes and grow. Mistakes can be turned into successes.

Hill’s ideas on leadership are well thought out. His eleven points on the attributes of leadership are excellent and exactly the traits you would hope any business leader would have. Likewise, the ten major causes in failure of leadership are also very perceptive. His 31 major causes of failure are points that are surprisingly accurate reasons for every person who tries and fails in business. His 28 questions for self analysis are helpful to avoid self-deception. However his teaching on transmutation of sexual energy has probably offended or shocked many as sounding sexist. It is accurate according to Hill that sexual energy can be turned into creative energy and not simply wasted in vain physical affairs. It is also accurate to acknowledge that behind every great man one usually finds a great woman.

Some of the many positive things that can be learned from “Think & Grow Rich” can be summarized by citing several of his ideas relevant to business, such as “Failing to plan is planning to fail,” “Perseverance: The majority of men meet with failure because of their lack of persistence in creating new plans to take the place of those that fail,” “A quitter never wins, and a winner never quits,” “It is literally true that you can succeed best and quickest by helping others to succeed” and “The man who does more than he is paid for will soon be paid for more than he does.” Hill’s philosophy of success was grounded in the real world to a large extent as can be seen by his statement that: “Riches do not respond to wishes. They respond only to definite plans, backed by definite desires, through constant persistence,” and “Great achievement is usually born of great sacrifice, and is never the result of selfishness.”

As the reader works their way through the book, they will see that much of Hill’s work boils down to setting goals, and making sure that important decisions are acted upon thus insuring your success. Hill is saying that you must put your plans into action. Hill was a believer that a group of people on the same wave-length and positively focused is substantially greater than a group of disorganized individuals. Of all the successful leaders Hill interviewed, all of them attributed their success to being able to see opportunities, and most importantly, in finding people who can be delegated to help achieve success. It is not enough to work hard, one must also find like minded people, and inspire them to work hard as a team on getting things done.

This idea of recruiting and inspiring individuals so that they be delegated various responsibilities reminds me of what J. Paul Getty once wrote, “I would much rather receive 1% of the efforts of 100 men than 100% of my own.” Much of the material in Hill’s book has been tremendously helpful for those individuals involved with network marketing. To illustrate this Hill said: “It is literally true that you can succeed best and quickest by helping others to succeed.” Those involved in the Network Marketing industry will understand appreciate this concept.

Hill tried to systematize steps to become successful in this book and to a large degree he was successful if one confines his work to the real world or common sense ideas. In my next article I will look at some of the dangers in Hill’s work. Stay tuned!

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