In a world where “hustle” is the name of the game, the concept of having a side business has become increasingly popular. However, the idea of quitting your day job to solely focus on your entrepreneurial dreams might seem daunting. Fear not! Today, we’re here to debunk the myth. Opening a side business while keeping your day job is not just doable, but it holds a plethora of tangible and intangible benefits that can enrich every aspect of your life. Plus, let’s not forget about those exciting tax advantages as well!
1. Enhanced Financial Security:
One of the most significant concerns about starting a new business venture is the financial uncertainty it brings. By keeping your day job and launching a side business, you instantly establish a safety net. Your stable paycheck helps cover your monthly expenses, while your side business can generate an additional income stream – a win-win situation! This extra cash infusion can be allocated towards paying off debts, taking vacations, saving for the future, or even investing further in your business.
2. Diversifying Your Skill Set:
Running a side business allows you to explore new industries, develop new skills, and step out of your comfort zone. This diversification enhances your overall professional profile, making you an attractive candidate to current or potential employers. Additionally, the innovative skills you acquire in your side hustle can be transferred and applied in your primary job, making you an asset within your organization.
3. Expanding Your Network:
Networking is a powerful tool in both the corporate and entrepreneurial worlds. By pursuing a side business, you expose yourself to new connections and potential customers, clients, or partners. Attend industry-specific events, join online communities, or collaborate with like-minded professionals to broaden your network and create mutually beneficial relationships. Who knows? Your side business might even lead you to a valuable mentor or a lifelong friend!
4. Personal Growth and Fulfillment:
Launching and managing a side business taps into your creativity, passion, and entrepreneurial spirit. Pursuing your dreams can provide a sense of personal fulfillment and ignite an innate excitement within you. Imagine the satisfaction that comes from turning your hobbies, interests, or hidden talents into profitable ventures. This not only sets the stage for immense personal growth but also contributes to a fulfilling work-life balance.
5. Tax Advantages on Income:
Now, let’s talk about everyone’s favorite topic: taxes! Maintaining a side business allows you not only to tap into additional income but also to enjoy various tax advantages. Consult with a tax professional to identify eligible deductions, such as office space, equipment, software expenses, marketing costs, and even a portion of your home utilities. These deductions can significantly reduce your overall taxable income, resulting in more money in your pocket.
Conclusion:
Embracing a side business without quitting your day job offers a world of opportunities. From financial stability to personal growth, the benefits are undeniable. By pursuing your passions and interests while maintaining a stable income, you can gradually transition into full-scale entrepreneurship if that is your ultimate goal. So, grab that side gig by the horns, and let it add a touch of excitement, fulfilment, and prosperity to your life!
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Welcome to “The Miller Mindset”, a weekly podcast where we explore the power of positive thinking and its impact on our lives. Join me, Chris Miller, as we dive into such topics as goal- setting, overcoming obstacles, and developing a growth mindset. If you’re looking to improve your life and reach your full potential, then this podcast is for you. Don’t miss an episode. Be sure to subscribe today! On today’s show, we will be discussing the role of your mindset in your decision making process. So let’s get into it.
Watch Episode 18 on YouTube Now!
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Have you ever found yourself struggling to make a decision? It can be difficult to weigh the pros and cons, and sometimes we get stuck in analysis paralysis. But did you know that your mindset can play a huge role in this process?
Our mindset is the lens through which we view the world. It shapes our thoughts and our beliefs, ultimately influencing the decisions we make for the better or the worse in our lives. If we have a positive mindset, we are more likely to make decisions that align with our values and bring us happiness. On the other hand, a negative mindset can lead to decisions that are based on fear or self-doubt, and ultimately leave us feeling unsatisfied.
The way we think about ourselves and the world around us can significantly impact the quality of our lives. When we have a positive mindset, we tend to make decisions that bring us closer to our goals and aspirations, and that ultimately leads toward happiness. For example, if you have a positive mindset, you may decide to pursue a career that you are passionate about, even if it means taking a risk and stepping outside of your comfort zone. This decision may be challenging at first, but ultimately, it brings you fulfillment and joy.
Let’s talk about pursuing your passion as an example. When you approach life with positivity, you may feel more confident and willing to take risks. This can lead to pursuing a passion, whether it’s a hobby or a career. By following your heart, you may find yourself feeling fulfilled and happy, even during challenging times. For example, if you have always dreamt of becoming a writer, a positive mindset may give you the courage to take the first step and start writing. As you continue to cultivate a positive outlook, you may find yourself enjoying the journey and feeling grateful for the opportunity to pursue your passion.
Another example can be found when choosing our friends and cultivating meaningful relationships with others. Positive thinking can also help you build and maintain positive relationships with others. Plus, when you interact with others on a positive level, you will notice that you and the group you hang out and associate with are all going to get onto the same level. Anyone and everyone else in your group who isn’t on that level will also either rise to meet it or find there own way out of it in favor of a group more in tune with whatever mindset they want to stay within. When you approach interactions with an open mind and a willingness to connect, you will find that like-minded people will be drawn to you, and vice versa. This can lead to deeper and more fulfilling relationships with friends, family, and romantic partners in the long run, and in general just having a better time when getting together. By focusing on the positive aspects of others and avoiding negativity whenever it shows up, you can create a self-nurturing environment that will support your well-being and overall happiness.
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On the other hand, if we have a negative mindset, we may make decisions that are based on self-doubt and fear. For instance, you may decide not to apply for a job that you really want because you fear rejection or failure. Or maybe you decide not to attend an event or buy a particular business tool, software, or training program that you know will boost your business but you are unsure of your ability to put it to work for you or in your business. This decision may actually serve to hold you back, and can have disastrous effects on both your business and your personal earnings. In the long run, decisions like these can lead to feelings of regret and unfulfillment, as well as doubt in yourself and your ability to accomplish things.
In my line of work, I meet people all of the time who are afraid to purchase something that they know will help them. Usually they say something to effect that they know that thing will help them get where they want to go, or maybe that it will get them there faster, but that they can’t afford it or the timing isn’t right for them. Now, I’m a business analyst and consultant as well as a business owner and a salesman, so I look at these sort of statements from multiple angles almost automatically and make an evaluation of the pros and the cons toward any situation I am faced with. And it is worth mentioning that I have heard these same excuses and negative mindset influences coming up in these situations over and over again for years, sometimes in relation to buying something from me, and sometimes in relation to buying something from someone else. But I know something they often don’t know, and that’s that our mindset can be changed when we look at things from different angles.
It’s essential to recognize that our mindset is not fixed, and we can work to develop a more positive outlook on life and toward situations like these. By focusing on our strengths and accomplishments, practicing gratitude, and challenging negative self-talk, we can shift our mindset to one that is more positive and empowering. This, in turn, can lead to decisions that are aligned with our core values and aspirations, and that bring us happiness and fulfillment in life. Let’s look at this purchase scenario from a different perspective for a moment. Let’s just say that the cost is $1,999, which most things out there today seem to be priced at. Sometimes the thing they are looking at is more, and sometimes it is less, but the concept applies the same. Often, these people spend their brain power and their energy so focused on the negative mindsets that they fail to see the upsides to the choice they have been presented with. Choice is a fantastic gift to be presented with. Choice means options, and options ensure positive outcomes. So if we look at it from a choice transaction standpoint, we can really evaluate the decision process to find the right move.
On one hand, there is the argument to be made that the price is expensive and if they were to purchase it, they would have less money to pay other things they need to pay for as well. This is a singular mindset, purely transactional, and with a closed mindset mentality. In short, negative by nature.
On the other hand, there is also an argument to be made that the purchase would speed the time it takes them to learn or find a solution, or implement something that would increase their business sooner than they can achieve it without the product. A good example is a training program. Training programs exist to help us get to where we want to go faster, not to impart some miraculous wisdom that we cannot figure out on our own through time, work, and trial and error. They are simply a means of getting there faster and more directly. I know this because I have personally built many training programs over the years to help my own clients with some of the hurdles they have faced. But I’m getting off the point.
The point is, that by choosing to take the leap and make the decision to purchase that product which will help them build, streamline, or simply figure some critical step out faster than they can through trial and error, they are often making positive decisions that will get them through the tough hurdles, start bringing more customers and clients to them, shorten their workload and timeframe needed to implement, and bring in more sales and more revenue for their business which directly challenges the idea of the transaction because the cost is inconsequential in the long run if they are more active and bring in more money to offset the cost of that product in the end. This is a mindset of expanded thinking. It is one of openness and forethought. In short, positive by nature.
So how can we ensure that we are making decisions that align with our values and bring us happiness? Here’s a cool tip:
#1 – Before making a decision, ask yourself if you have looked at the decision from multiple angles.
Are you keeping your mindset open and expanded to all of the possibilities? If the answer is yes, then go for it! If not, and you find yourself looking at the decision purely with a transactional or closed off and negative mindset, take a step back and reconsider the decision first so you don’t inadvertently do yourself a disservice. You may be right not to do it, or you may not be. In either case, this simple exercise can help you see all of the angles, stay true to yourself, and make decisions that bring you closer to your goals.
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Conclusion
Well, that’s our show for today folks. I hope you enjoyed the show today, and perhaps even got something useful out of it. Remember, your mindset plays a crucial role in your decision making process. By adopting a positive mindset and staying true to your values, you can make decisions that bring you happiness and fulfillment.
If you feel you enjoyed the show, please do leave me a comment, and don’t forget to subscribe as well so you don’t miss a thing. You can also see this episode in blog form if you like, and sign up to receive email alerts when new episodes are released at themillermindset.com. Until then, I’m Chris Miller, reminding you to always keep smiling.
On the Next Episode:
Next time, on The Miller Mindset, we’ll be be talking about the importance your mindset plays in negotiations. Plus I’ll give you 2 tips to ensure negotiation skills beat your opponents’. That’s next Tuesday, August 8th at 2pm EST; so Don’t miss it.
Schedule an Appointmentto speak with Chris Miller and discuss ways you can improve your mindset and grow as a business leader. Pick a time that works for your schedule now: Access Chris’ Calendar.
Working from home and working in an office are two vastly different experiences. Both have their own unique pros and cons, but which one is better? In this blog post, we’ll explore 5 comparisons between working at home and working in an office.
Commute
The commute to work can be one of the most stressful parts of the day for some. Working from home eliminates this stressor, as your commute is as simple as walking to your workspace. In contrast, those who work in an office have to deal with traffic, public transportation, and the weather.
Dress Code
One of the biggest perks of working from home is the ability to wear whatever you want. No more suits or ties, you can work in your pajamas if you want to. This level of comfort is not available to those working in an office, as they must adhere to a certain dress code.
Distractions
Working from home can be a double-edged sword when it comes to distractions. On one hand, you have the freedom to work without interruptions from coworkers. On the other hand, distractions at home can include children, pets, and household chores. In an office, distractions can come in the form of meetings, conversations, and noise from other coworkers.
Schedule
Working from home allows for more flexibility in terms of working hours. You can take breaks when you want, and work at times that suit your lifestyle. In contrast, an office job generally requires working a set schedule, with little to no flexibility.
Social Interaction
Working in an office provides opportunities for social interaction with coworkers. This can be beneficial for networking, building relationships, and even improving morale. Working from home can be isolating, as there are fewer opportunities for social interaction.
In conclusion, both working from home and working in an office have their own unique benefits and drawbacks. It ultimately comes down to personal preference and lifestyle. Which one do you prefer? Let us know in the comments!
If you are interested in learning more about how you can build a business working for yourself, instead of the man, reach out to us here at TW3 Systems. Our group of experienced business professionals and entrepreneurs collaborate to bring each other success when building a business of your own. Join us and find the power of a cooperative team backing you up for success.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Welcome to “The Miller Mindset”, a weekly podcast where we explore the power of positive thinking and its impact on our lives. Join me, Chris Miller, as we dive into such topics as goal- setting, overcoming obstacles, and developing a growth mindset. If you’re looking to improve your life and reach your full potential, then this podcast is for you. Don’t miss an episode. Be sure to subscribe today!
On today’s show, we will be discussing building resilience in the face of adversity. Life can be tough and sometimes things don’t go as planned. However, it’s important to remember that setbacks and challenges can be opportunities for growth and development.
Watch Episode 17 on YouTube Now!
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Let’s start off with defining what we mean by the word resilience. Resilience is the ability to bounce back from difficult situations and come out even stronger for having gone through them in the first place. Resilience is that willingness found deep down inside of you to face challenges head-on and not give up in the face of adversity, even though it might be hard, or scary to face it. Building resilience is a skill that can be learned and developed over time, and it’s something that we all need in order to thrive in life and in business.
So, how do we build resilience? First and foremost, it’s important to develop a positive mindset. This means focusing on the good things in life rather than dwelling on the negative. It’s about looking for opportunities to learn and grow, even in the face of challenges. Don’t focus your energy where that energy will be wasted. Focus on the road ahead of you. Too often, I witness people who fail at something and then obsess over that failure for long periods of time before they make any moves to the next opportunity. Meanwhile, while they are sitting there wallowing in self-pity and self-doubt, they aren’t doing anything to actively pull themselves out of that place so that they can start being successful again.
Look folks, I get it. Business is hard. Life is hard. But you know what, if it wasn’t hard you wouldn’t be interested in doing it. That’s a fact. Think about your life for just a moment. Whenever you have had things that came easy to you, did you put much effort into them for very long? Did you work to improve on them and push them to become everything they could be? Did you have any interest at all? For most of you listening, if you’re honest with yourself you’ll say no. But now let’s look at the flip side of that for a moment. When something you had broke, and you could try to fix it or just go buy a new one, how many times to you choose instead to sit there for an hour or longer trying to figure out how to fix it instead of taking 20 mins to go to the store and buy another? If your honest, you know you have. Why is that? Why do we do it when we know it is easier to just buy the new one? We do it because it is a challenge to be conquered. It is the goal before us to take what is broken and make it whole again. It looks doable, so even if it takes us hours to get it right, we want to get it right and get it done.
Now. . . ask yourself:
“why am I not willing to put in the same effort with my business?”
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Resilience means doing the work to bounce back in the face of adversity. So what. . . something you worked on broke. So what. . . something you pitched didn’t work out. Get over it and try again. Reach out to that next guy on the list. Try a new variation. Get the thing working again. That’s resilience. That’s what it takes to be successful. Everything we do isn’t always going to work. If it did, we wouldn’t put much effort into it. That being said, you can’t get the excitement and the joy from closing that big deal you have been working on without putting in the hard work to get it. Without the hard work, the payoff doesn’t hold any meaning. There would be no excitement.
Another important factor in building resilience is having a support system. This could be your friends, family, colleagues, or even a therapist. Having someone to talk to and lean on during difficult times can make all the difference in the world when you are struggling because they will remind you of why you are working so hard for it in the first place. They can keep your focus and keep you on track if you tell them what’s going on. So don’t be shy. Reach out to your support group and keep moving in the right direction.
Now, let’s talk about some easy tips for recovering from setbacks. I’m going to give you two of them here that will help you recover quickly when things try to derail you..
#1 – Take a step back and evaluate the situation.
Ask yourself what went wrong and what you can do differently next time. This will help you learn from the experience and avoid making the same mistakes in the future. Here is a bit of advice with that however. Don’t take very long to do this. There is a fine line between thinking through a problem and dwelling on a problem. Evaluate it, and then let it go. See what you can learn from the failure, and incorporate that into the next endeavor. But then, like I said, let it go and move on.
#2 – practice self-care.
Take time to do things that make you feel good, such as exercising, spending time with loved ones, or indulging in a favorite hobby. This will help you recharge and regain your strength so that you can face the challenges ahead. Are you aware that the most successful and powerful people in the world take time out of each day to go and exercise, or take a walk in the park, or do some other activity (any other activity) in the middle of the work day just to stay sharp and focused? Ask yourself, do you do that? Do you even take time to unplug and go to lunch, leaving your work behind when you do? How many vacations have you taken over the years where you wife or husbands got annoyed with you because while they are wanting to spend time with you, you are still working on the call, or just having to “send this one more email and then I’m done, I swear.”
You need to take better care of yourself and not get over worked. When things get tough or when funds get tight, this can be difficult to do. I will tell you it is even more important in those situations. You do yourself no good if you are stressed because that stress comes out to everyone you meet. If they sense you desperation, they don’t feel confident in working with you. So leave that desperation at the gym and then go get back to work.
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Conclusion
Well, that’s our show for today folks. I hope you enjoyed the show today, and perhaps even got something useful out of it. Remember, building resilience is all about developing a positive mindset, having a support system, and being willing to learn and grow from the setbacks you face. Don’t forget that setbacks are not failures but opportunities for growth and development. So, stay strong, keep pushing forward, and know that you have what it takes to overcome any challenge that comes your way.
If you feel you enjoyed the show, please do leave me a comment, and don’t forget to subscribe as well so you don’t miss a thing. You can also see this episode in blog form if you like, and sign up to receive email alerts when new episodes are released at themillermindset.com. Until then, I’m Chris Miller, reminding you to always keep smiling.
On the Next Episode:
Next time, on The Miller Mindset, we’ll be be talking about the role your mindset play in your decision making process. Plus I’ll give you 1 cool tips to to make sure you are always happy with the decisions you make. That’s next Tuesday, August 1st at 2pm EST; so Don’t miss it.
Schedule an Appointmentto speak with Chris Miller and discuss ways you can improve your mindset and grow as a business leader. Pick a time that works for your schedule now: Access Chris’ Calendar.
Hey, this is Chris Miller, and I’m excited to share some highlights today from the 1st episode of the Big 5 Podcast. If you are a Business Professional, Home Based Business Owner, or other Entrepreneurial-Minded person looking to start something of your own now or in the future, you need to have the Big 5 on your weekly listen list!.
Each week, the Big Five: myself, Terry Wilson, Bobby Christy, Gary Greene, and Laurie Brown, will be answering questions and discussing important topics, such as:
On our first episode we talk about why we are entrepreneurs and how this motivation has helped accomplish some of the most trying times.
Although we all have different backgrounds, experiences, and industry expertise, there is one common denominator with us all; we have a very strong reason to do what we do. In this first episode we talk about why you have to have a strong why to accomplish anything.
We also discuss some of our favorite tools and trends in business right now that we are seeing a ton of success in. With all the changes going on in both technology and in business, there’s a lot of ways to make your mark in the market right now.
Feel free to reach out to us today to get started on your journey to reaching your dream goals and aspirations. We love helping others who are called and committed to seeing their entrepreneurial dreams a reality.
Take a minute right now and go to this page & sign up for alerts every single time we release a new episode. Also, you can ask your questions there as well, and we’ll answer them live during the show.
So get on over there & sign up right now so that you don’t forget. The Big 5 Podcast Show is here.
Don’t forget to follow us on Social Media!
Stay up to date with news, announcements and cool stuff from our company.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Hey, TW3 Systems, Leader Tree, and Working At Home Facebook members, this is Chris Miller, and I’m excited today to announce the Big 5 Podcast as begun. If you are excited about the Big 5, which includes: myself, Terry Wilson, Bobby Christy, Gary Greene, and Laurie Brown, then you do not want to miss our first show coming out this week.
We’ll be discussing important topics such as:
Business and Market Trends
Leader Insights
Ideas for Future Business Growth
Discuss Important Tips to Get You Moving
Answer Questions from Members
Business Growth Mindset Discussions
and More!
I want you to go to this page & sign up right now to get alerted every single time we release a new episode. Also, you can ask your questions there as well, and we’ll answer them live during the show.
So get on over there & sign up right now so that you don’t forget. The Big 5 Podcast Show is here.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Working from home can be a dream come true for many of us. No more rush hour traffic, no more stuffy office cubicles, and no more dress codes! However, it can be challenging to stay motivated and productive when you’re in the comfort of your own home. Fear not, because with these 5 fun tips, you’ll be having more fun working from home than you ever did in an office.
With these 5 fun tips, you’re sure to have more fun working from home than you ever did in an office. So, go ahead and enjoy the perks of working from home while staying productive and motivated.
Here are 5 fun tips for having more fun working from home than in an office:
Create a Comfortable Workspace: If you’re going to be spending most of your day working at home, you might as well make it comfortable. Invest in a comfortable chair, a good desk, and add some personal touches like pictures or plants. This will make your workspace feel inviting and inspire creativity.
Take Breaks: It’s easy to get caught up in work and forget to take breaks. However, taking breaks is crucial for staying productive and avoiding burnout. Set a timer for every hour or so and take a quick break to stretch, go for a walk, or grab a snack.
Dress Up (Or Down): One of the perks of working from home is that you can wear whatever you want. However, dressing up (or down) can have a big impact on your mood and productivity. Try dressing up in your favorite outfit or pajamas to boost your mood and productivity.
Listen to Music: Music can be a great way to improve your mood and productivity. Create a playlist of your favorite songs or try listening to some classical music to help you focus.
Connect with Coworkers: Just because you’re not in the same physical space as your coworkers doesn’t mean you can’t connect with them. Schedule virtual coffee breaks or happy hours to catch up and stay connected. You can even organize virtual team-building activities like online trivia or game nights.
In conclusion
Working for yourself can be a powerful and beneficial choice. It gives you the freedom, flexibility, and opportunity to create a life and career that truly reflects who you are and what you want to achieve. With these 5 fun tips, you’re sure to have more fun working from home than you ever did in an office. So, go ahead and enjoy the perks of working from home while staying productive and motivated.
If you are interested in learning more about how you can build a business working for yourself, instead of the man, reach out to us here at TW3 Systems. Our group of experienced business professionals and entrepreneurs collaborate to bring each other success when building a business of your own. Join us and find the power of a cooperative team backing you up for success.
For more information about how you can take your Business to the next level, consider becoming a member of TW3 Systems, a group of entrepreneurs who have decided to band together for the financial freedom and benefit of all in the group.
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Subscribe now as we continue to examine all of the best business tools to boost your business success.
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If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.
I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.
There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.
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Thinking bigger is a crucial aspect of succeeding in business. It involves having a vision beyond the current state of affairs and taking bold actions to achieve it. The business models of Henry Ford, Andrew Carnegie, John D. Rockefeller, and Donald Trump provide excellent examples of the power of thinking bigger.
Here are 4 examples of Big Thinkers you should get to know as you seek to grow your business and become a BIG Thinker yourself.
BIG Thinker #1: Henry Ford
Henry Ford revolutionized the automobile industry by introducing the affordable assembly line, which allowed for mass production of cars at a lower cost. While he was not the first to come up with the assembly line, he was first to do it right. He thought bigger than his contemporaries and aimed to make cars affordable to the masses, which ultimately transformed transportation as we know it today and make the ford automobile a staple in the American automotive landscape for generations to come.
His contributions to the automobile industry are undeniable. With his bigger thinking, Ford was able to see the bigger picture and realize that making cars accessible to a wider range of people would lead to a significant shifts in transportation. Thus, Ford cars became more affordable and available to the masses, easily overtaking the competition. Ford’s innovative approach to manufacturing not only revolutionized the automobile industry, but it also set the standard for mass production in other industries such as with airplanes and even aerial mail delivery services. His legacy continues to shape the way we think about manufacturing and transportation still to this day.
BIG Thinker #2: Andrew Carnegie
Andrew Carnegie is known for significantly transforming the steel industry which led the Advancement of the Industrial Age in America. Not satisfied with the compartmental method of doing things that his predecessor and competitors were all comfortable doing with their business model, Carnegie thought bigger. He implemented a strategy of vertical integration which allowed him to consolidate control over the production process, from mining raw materials to transporting finished products. This approach gave Carnegie’s company a competitive advantage by streamlining operations and reducing costs to the point that no one could compete with the speed by which he was able to churn out finished products at an unbeatable rate. But big thinkers think big in more ways than one, and Carnegie had a global vision for his business. Having conquered the mountain in America, Carnegie set his sights on expanding his operations beyond the United States and into Europe and Asia, becoming one of the first global organizations in the World.
Carnegie’s philanthropic efforts were also noteworthy. He believed that the wealthy had a responsibility to use their resources to benefit society, and spent BIG on that as well. He donated a substantial portion of his fortune to causes such as libraries, education, and peace initiatives. He even had the former President of the United States, Theodore Roosevelt, on his payroll. His legacy lives on to this day through the many institutions and organizations and monumental structures throughout the world that still bear his name. His approach to business and philanthropy continues to inspire people around the world today as well.
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When you think of overall BIG Thinkers, the Undisputed Heavyweight Champion would have to be John D. Rockefeller. He was a shrewd businessman who aimed, not just to compete and get ahead of his industry, to to take the whole think and hold complete dominance in the oil industry forever.
To achieve this goal, he established the Standard Oil Company, which eventually became the largest oil refinery company in the world. Rockefeller’s strategy was to acquire smaller competitors, which he did through aggressive buyouts and mergers, usually through the use of other people’s money such as George Westinghouse because believe it or not, Rockefeller was dirt poor! Big thinkers don’t allow little things like lack of resources stand in their way though, so he brokered deals and get the backing from those who could help him achieve his goals while he helped them achieve their own.
He established a network of pipelines and refineries to ensure that his company had complete control over the production and distribution of oil. This allowed him to not only dominate the market but also to set the prices of oil. With this move, Rockefeller could start making demands from former partners such as Westinghouse as an example. He insisted that all train lines use Standard Oil on their railways and any that didn’t would find themselves out of business. Standard oil became the biggest, and most profitable industry in the Country, making Rockefeller incredibly wealthy. Despite criticism and antitrust lawsuits, Rockefeller continued to expand his business and cement his place in history as one of the most successful industrialists of his time.
BIG Thinker #4: Donald J. Trump
Turning now to a more recent BIG Thinker, Donald Trump didn’t start off poor as Rockefeller did, but his ambition was always to do more and be go big. Trump’s dad had been in the Real Estate Development business for many years, building housing and Apartment Tenements throughout New York. Donald however, had other things in mind. He didn’t want to be in his father’s Shadow. He didn’t want to settle for Million Dollar properties. He wanted more. He wanted to Build an Empire. So he set his sights on Big projects on 5th Avenue, and he got the City of New York to put in the majority of the money to pay for it. By 1988, at only 42 years old, Donald Trump had wealth in excess of more than $3Billion to his name.
Success as a real estate developer alone wasn’t going to cut it for Trump however. This guy thinks BIG! He eventually decided to explore other industries such as entertainment, hospitality, and education. Through his brand, Trump was able to create a global enterprise that made him a household name and a prominent figurehead in the business world. He even had his own Board Game (and Trump Action Figures)!
Trump’s ability to diversify his business and brand demonstrates his entrepreneurial mindset and his willingness to think BIGGER than the other guy, take risks in pursuit of success, and pursue his goals relentlessly. This approach ultimately helped him become one of the most recognizable business leaders of his time, and secure his name forever in History as a President of the United States of America.
In Conclusion
Thinking bigger is a critical aspect of succeeding in business. It involves having a vision beyond the current state of affairs and taking bold actions to achieve it. By examining the business models of Henry Ford, Andrew Carnegie, John D. Rockefeller, and Donald Trump, we can see the power of thinking bigger and the impact it can have on the world we live in. By putting the 5 principals discussed in this blog series, you too can achieve everything you want in this world. There is no stopping you when you think Bigger than the other guy.
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If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.
I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.
There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.
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This one is closely related to Step 3, but they are different in fact. As we discussed in part 3, relying solely on one source of income puts you at risk of losing everything if that source dries up. Automatic income streams provide a stable, predictable income that can help you weather any economic storms. Now it’s time to go one step further with step 4 and build that automatic income with a residual component.
Here are 2 ways you can start adding more residual elements into your automatic income strategy today.
Residual Income Option #1
One way to add a residual income component to your business model is by finding a way to charge a monthly fee for something you do on a regular basis. For example, I hold a weekly training meeting every Thursday night which some who would like to attend are not always able to. In order to solve the issue of them missing the session, I created a group where they could catch the replay and I upload all replays to that group so that they can see all of them through the history of the meetings from the beginning. I charge about $10/mo to be a member of that group and get access to these recordings, but I also provide a forum for the members to ask questions, promote their ideas, and even their own services as part of that fee. With each new member I add, my residual monthly revenue rises without me doing anything more than I would be doing normally. A good friend of mine does something similar by charging a continual access fee of $150/mo to use his business tools and access his knowledge base. You can do that as well in your business. You just need to stop and think about the best way to make use of it.
Residual Income Option #2
Another option is to create an online product or course that can be sold, and then include an automatic membership element to stay active or as an added benefit to the customer. For example, we just discussed my friend who sells his tools, and then monthly access at $150 to continue to use it. Additionally, I also have products that I charge as high as $1000/month to access and use. When it comes to course offers, find something that you can supply to support those who have invested in your course and setup a monthly service to provide it to them and help them out. For example, We sell off extra leads which are no longer of value to our company to other clients of ours who have purchased one of our business building courses and could make better use of them. We do this as a monthly recurring service of $500/mo, and you could do something similar as well. If you want more information on how to build a course of your own and start doing this for yourself and your business, we even have a course specifically designed to teach you how to build a course of your own and start selling it to the masses. Check out our Course Offers now.
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Success is No Accident
Whatever you want in life, you can get it with the right mindset, training, and direction.
Our program will help you earn $10,000+/month in the first 60 Days. Find out more at:
If you want to build your dream life, chances are good that you will need to build a business of your own in order to do it. Building a successful business in the United States is not a difficult thing to accomplish, if you know the formula. Once you know that, all you are required to do is plan according to the formula, work hard, and persevere. While I can’t do much to help you with the work itself, I do have the formula to share.
I came up with this winning formula about 5 years ago, after having researched the richest men in US History and their business models. Each of them had the same 5 distinct elements within their business models, more matter the industry, product line, or service. Since implementing these 5 key principals into my plan, my businesses, and my personal wealth, have continued to grow exponentially for me, and incorporating these keys into your business will do the same for you as well.
There are the five key principles to keep in mind as you work towards achieving your entrepreneurial dreams. In this 5 part series, I’ll detail out one of these principals for you each week for the next 5 weeks. Be sure to subscribe to my blog so that you don’t miss anything as it is released.
Subscribe now as we continue to examine all of the best business tools, skills, and practices to boost your business success.
If you are unable to work, maybe due to illness, injury, or family obligations, would your income still continue to roll in each month? Would your bills continue to get paid? If the answer to these questions is no, or that you aren’t sure, then you need to take a hard look at setting up automatic income. Adding automatic income streams to your business model is crucial for the security of your business and personal financial future. Relying solely on one source of income puts you at risk of losing everything if that source dries up. Automatic income streams provide a stable, predictable income that can help you weather any economic storms.
Here are 3 ways you can start adding more automatic income into your business strategy today.
Automatic Income Option #1
One way to add automatic income to your business model is through affiliate marketing. By promoting other companies’ products or services and earning a commission on each sale, you can generate a steady stream of income without creating your own products. If you would like to learn more about affiliate marketing and how you can best put it to use in your business model, sign up now for this FREE Course from 1400Now.com
Automatic Income Option #2
Another option is to create an online course or e-book that can be sold on autopilot. Once you’ve created the content, you can set up a sales funnel that will automatically sell your product to customers, generating passive income while you sleep. At the Miller Firms, we have 9 different course offers running constantly to continually feed revenue into the machine. We even have a course specifically teaching people how to build a course of their own and start selling it to the masses. Check out our Course Offers now.
Automatic Income Option #3
Finally, consider offering a subscription service that provides ongoing value to your customers. This could be a monthly membership site or a software as a service (SaaS) product. With a subscription service, you can generate recurring revenue that will continue to grow over time. At The Miller Firms, we have incorporated this into our business model through monthly membership to one of our information sharing groups, as well as through monthly webhosting services, and breaking down larger priced services into payment plan options for our clients. While these bring in smaller revenue initially, the monthly revenues continue to grow each month without additional work output needed by the sales team which we track with our Complete Business Management System from TW3 Systems and Rocket Business Tools.
If you would like to learn more about how to incorporate some tools into your business model that will help you automate your income and add multiplied effort, without hiring more workers, check out Rocket Business Tools website. I use these tools for all of my businesses and they work really well together.
Do you need help building your dream?
Success is No Accident
Whatever you want in life, you can get it with the right mindset, training, and direction.
Our program will help you earn $10,000+/month in the first 60 Days. Find out more at:
