Wow! What an amazing Property Entrepreneurs event in Brisbane this weekend. Check out the response from participants when they received their FREE copy of the Second-Edition of ‘Think and Grow Rich Property’ tonight!
If you’re watching this from ADELAIDE or PERTH, there’s still time to book into our Property Entrepreneurs Conference:
I just want you to imagine where we would be today it the subsequent inventors of the products that disproved the following quotes had been influenced by what was said…
“There is no reason anyone would want a computer in their home.” — Ken Olson, president, chairman and founder of Digital Equipment Corp. (DEC), maker of big business mainframe computers, arguing against the PC in 1977.
“Lee DeForest has said in many newspapers and over his signature that it would be possible to transmit the human voice across the Atlantic before many years. Based on these absurd and deliberately misleading statements, the misguided public … has been persuaded to purchase stock in his company …” — a U.S. District Attorney, prosecuting American inventor Lee DeForest for selling stock fraudulently through the mail for his Radio Telephone Company in 1913.
**NOTE who the previous statement was made about, and who the next statement is made by… You would think SOME people would know better!**
“To place a man in a multi-stage rocket and project him into the controlling gravitational field of the moon where the passengers can make scientific observations, perhaps land alive, and then return to earth – all that constitutes a wild dream worthy of Jules Verne. I am bold enough to say that such a man-made voyage will never occur regardless of all future advances.” — Lee DeForest, American radio pioneer and inventor of the vacuum tube, in 1926
“A rocket will never be able to leave the Earth’s atmosphere.” — New York Times, 1936.
“Flight by machines heavier than air is unpractical (sic) and insignificant, if not utterly impossible.” – Simon Newcomb; The Wright Brothers flew a Kittyhawk 18 months later.
“There will never be a bigger plane built.” — A Boeing engineer, after the first flight of the 247, a twin engine plane that holds ten people
“The cinema is little more than a fad. It’s canned drama. What audiences really want to see is flesh and blood on the stage.” -– Charlie Chaplin, actor, producer, director, and studio founder, 1916
“The horse is here to stay but the automobile is only a novelty – a fad.” — The president of the Michigan Savings Bank advising Henry Ford’s lawyer, Horace Rackham, not to invest in the Ford Motor Co., 1903
“The Americans have need of the telephone, but we do not. We have plenty of messenger boys.” — Sir William Preece, Chief Engineer, British Post Office, 1878.
“This ‘telephone’ has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.” — A memo at Western Union, 1878 (or 1876).
“I must confess that my imagination refuses to see any sort of submarine doing anything but suffocating its crew and floundering at sea.” — HG Wells, British novelist, in 1901.
“How, sir, would you make a ship sail against the wind and currents by lighting a bonfire under her deck? I pray you, excuse me, I have not the time to listen to such nonsense.” — Napoleon Bonaparte, when told of Robert Fulton’s steamboat, 1800s.
“Television won’t last. It’s a flash in the pan.” — Mary Somerville, pioneer of radio educational broadcasts, 1948.
“[Television] won’t be able to hold on to any market it captures after the first six months. People will soon get tired of staring at a plywood box every night.” — Darryl Zanuck, movie producer, 20th Century Fox, 1946.
“The wireless music box has no imaginable commercial value. Who would pay for a message sent to no one in particular?” — Associates of David Sarnoff responding to the latter’s call for investment in the radio in 1921.
My good friend Jason has found a way to turn an unfarmable, and therefore unprofitable, piece of land into a money making machine. The best part is there are many more winners as a result of his creative thinking than just his hip pocket, the environment for one!
While the debate is still going as to the size of the market for what he’s offering is, there’s no doubt that there are some very real advantages to being the first in the marketplace.
To find out more about what Jason is doing check out the video below:
The article was sent to me from a friend and I believe it came from news.com, I see many lessons in it for business owners and consumers alike…
Richard Branson says now is the time to make your millions
VIRGIN founder Sir Richard Branson says despite the gloomy outlook, the time has never been better to be like him.
Sir Richard, a self-made millionaire, believes the economic downturn has provided entrepreneurs with their greatest opportunity in years, The Times reports.
“Fortunes are made out of recessions. A lot of entrepreneurs get going in the economic depths because the barriers to entry are lower,” he said.
“There are a lot of Richard Bransons that will come out of the next three or four years.”
Sir Richard highlighted financial liquidity as the most important area for governments to focus on during the financial crisis.
“We cannot allow perfectly decent companies to go to the wall just because they cannot get liquidity. And if your bank is behaving badly, then shout about it because no business can afford to lose that lifeline,” he warned.
He also urged business leaders not to panic and cut jobs unnecessarily.
Unemployment rose to 4.6 per cent in January with some of Australia’s biggest corporations, including Telstra, Pacific Brands and Lend Lease announcing thousands of job cuts in the past month.
“That has to be an absolute last resort for any company,” says Sir Richard.
Sir Richard also offered small and medium-sized business some tips on how to get through tough economic times.
“You have to come up with imaginative ways of saving cash, like signing every cheque yourself. You would be surprised how much you can save even in large companies if the boss questions every purchase order that goes out,” he said.
I absolutely insist on looking over a run down of every expense that goes out of my business every single day. That is not to say that I don’t trust any of my team, in fact I know each of them to be excellent at finding the balance between price, effectiveness and efficiency, but actually watching the money leave the business has it’s benefits. Not least of all is the fact that… Sometimes, it hurts!
One of the simplest issues this daily practice overcomes is continuing to pay for products and services that are potentially no longer required or have been replaced by a different area of the business.
In 2000, psychologist Gerd Gigerenzer and economist Andreas Ortmann teamed up and took part in an investment competition run by Capital magazine. The contest spanned over 6 weeks and in the period entrants were given a list of 50 stocks they could buy, hold or sell in the endeavour to gain the most return on investment.
While not necessarily the highest profiting team, Gigerenzer and Ortmann received considerable attention for their highly unorthodox, yet highly effective, approach. One which placed them in the top 10% of the competition and allowed them to generate a gain in the middle of a significant market down-turn.
So what did they do?
They took to the pavements of Berlin stopping 100 pedestrians (50 men and 50 women) and asked them which of the 50 companies they had heard of. Then, as if acting on the ‘gut feelings’ of this snippet of the population, they purchased the 10 most recognised and held them for the entire 6 weeks of the contest.
In fact to take Gigerenzer’s theory one step further let me provide the following example: When you attempt to catch a ball coming towards you, your brain is required to proceed any number of complex mathematical calculations. Once (hopefully) you’ve caught the ball, it would be impossible to ask you to retell the calculations and workings you just considered in consistently determining the speed, angle and distance from your hand to the ball.
This is your subconscious automatically working based on the sum of the many hundreds of experiences you have had of trying to catch a ball, all you need to do consciously is keep your eye on the ball! This is why a small child will allow a ball coming towards them to hit them in the face, because their subconscious is limited in its experiences of having an object thrown at them.
I guess what I’m trying to highlight is that this is the theory behind the notion that ‘MISTAKES are actually a good thing!’, unfortunately mistakes in business are often costly and sometimes a small handful of (and sometimes even just one) poor decisions can be detrimental.
So here’s my solution…
Read, re-read and then read again the quote above! Allow yourself only the amount of time you need to fully understand (or understand as much as possible) what the catalyst is for making this decision. Once you’re aware of why you need to make this decision, your intuition (and subconscious) will do what it’s designed to do… It will provide you firstly with the most suitable, simple and effective solution to the issue at hand based on all of your prior experiences, whether or not you can consciously recall them.
Spending lengthy amounts of time deliberating over the sometimes hundreds of decisions you need to make per day could be the blockage before the breakthrough you need for yourself, your job or your business.
I see so many individuals on a weekly and daily basis struggle with all sorts of decisions; Do I bother reading that long looking email? Do I commit 2 days to come along to a ThinkAndGrowRich event? Do I invest in taking my self-eduction further?
Below is a very common diagram you’ve most likely seen and is often referred to as the ‘Time Management Matrix‘. Its filled in with some of the most common tasks and activities you’d usually have to prioritise in an average day.
Now most people would agree that all their daily tasks would fit into one of the 4 areas below:
In my opinion… It’s rubbish!
If something is not important, then it shouldn’t be urgent. And if something is important – MAKE IT URGENT!
I guess specifically I’m referring to the last point on the list of the ‘Important/Not Urgent’ box. Personal development (giving to yourself) is often grouped in the same category as charity (giving to others!) While most people would love to be giving more, and feel its important, most just feel it’s not urgent enough!
When it comes down to it, its really quite simple…
If its NOT Important – It’s NOT Urgent! Every time you start to see your day being chewed away with those things that fall into category 3 replace them with something from category 2.