Friday, December 30, 2016

{STEP 6} THINK LIKE AN ENTREPRENEUR

{STEP 6}

THINK LIKE AN ENTREPRENEUR

The best way to attract money is to think like an 
entrepreneur. - JOE VITALE 

THE REASON YOU WANT to have money is that you 
want freedom. Freedom to go anywhere, do any-
thing, live as you please and enjoy your life to the 
fullest. Money gives us the means to make this 
happen. By far the fastest way to accelerate your 
income is by becoming an entrepreneur. This 
doesn't mean just owning a business. The mistake 
many people make when they own their own 
business is that they move from working for some
-one else to working for the business. They don't 
gain any freedom at all and are tied to the 
business, as if they were working for a major 
corporation. They haven't altered their ideas to 
those ofa true entrepreneur. 

Entrepreneurs are not interested in having a 
business to create a job for themselves. They're 
interested in creating value in as many areas as 
possible. This means that you will attract revenue 
in many ways. Some people refer to this as 
multiple sources of income. The beauty is that 
once you set it up, it doesn't require much direct
involvement on your part to keep bringing in 
revenue. Books are a good example of this. If 
you write a book, it sells for years, giving you an
ongoing stream of income. 

These types of opportunities pop up all the time 
and if you adopt an entrepreneurial mindset that 
allows you to see them, and commit to act on 
them, you may be shocked at what appears. One
of my favorite stories is how Fit-a-Rita came 
about. Fit-a-Rita is a sugar-free, all natural 
margarita mix that I created. I don't know any-
thing about creating a margarita mix. I do not 
have a background in food service or any clue 
how to bring this type of product to market. 
So how is it that I created a margarita mix? 

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Step 6: Think Like an Entrepreneur 



Several years ago I was competing in a body-
building contest and was on a diet where the 
only beverage I drank was water and I closely 
watched what I ate. So one night I went out with 
several other people and they all had mixed 
drinks while I sipped my ice water. Back then I 
watched a show on CNBC called The Big Idea 
hosted by Donny Deutsch. He always said that 
your success is right where your problem is, right
where you complain about something. So when
you are about to complain about a service,product
or need for something, that's when you are telling 
yourself that there is an opportunity to earn 
money by fulfilling that need. 

So here I am sitting at this dinner wanting a 
margarita badly! I felt deprived and it just wasn't 
right! So I said, "Somebody needs to make a 
healthy bodybuilder's drink, a bodybuilder's 
margarita mix." 

Of course most everyone laughed, but some 
thought it was a good idea. It was then that the 
little twinge of inspiration hit and the light bulb 
went off in my head and I thought, "This is a 
good idea." I had no clue how to start making this
a reality, but I had learned to ask. I asked for help. 
First I talked with a medical doctor and then a 
nutritionist. We all got together and formed a 
company - Frontier Nutritional Research. These 
two professionals helped me compile an 
ingredient list that was low calorie and healthy 
for bodybuilders (and anyone else). My 
contribution during this phase was to be the 
original taste tester! Not exactly a tough job but
I wanted it to taste great. We went through 
numerous versions until we got one that tasted 
great and was healthy. 

All of this stemmed from one dinner where I 
wanted a healthy margarita. That problem led me
to come up with a solution. You never know 
where these ideas will lead. If you solve 
problems you encounter daily, then by default, 
you'll discover a need that you can profit from. 

When you start to think like an entrepreneur you 
see opportunities everywhere. And you start to 
create them. This is the sixth step in attracting
money into your life. These ideas can be 
Internet-based, intellectual property (like a 
book), food products or services. There are all 
sorts of paths you can follow. 

Anyone can learn to think like an entreprenur. 
As you know, I was once homeless and in 
poverty, so obviously I had to learn how to think 
differently. Now I teach others to expand their 
thinking and look for opportunities. For example, 
here's a testimonial from someone who 

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just began my Miracles Coaching program taught
by Prosper Learning (used with permission): 

It is hard to put into words all the incredible 
changes Prosper Learning and the Miracles 
Coaching Program have helped me achieve. 

I'd started my journey towards awakening over a 
year before but subconscious limiting beliefs 
were holding me back. Joining Prosper is one of
the best decisions I've ever made. Working with 
JaneenDetrick, my personal Prosper coach has
allowed me to break through those old beliefs 
and replace them with new ones. I now know I'm
going to be wildly successful. I'm thrilled and 
perfectly comfortable with that but, here's the 
best part, I'm already seeing results. I've chosen
to start an online business helping clients 
promote their websites. Before I'd put up my 
own website, ordered business cards, done any
promotion whatsoever or even picked a name for
my business, my first client approached me 
completely out of the blue, hired me on the spot
for three months at $500 per month and the 
following six months at $1500 per month. I'm 
now officially an entrepreneur and the 
possibilities are endless! 

To say it has truly been an amazing experience 
and an incredibly wise investment would be a 
huge understatement, Faneen and Prosper have 
helped me open up the door to the riches of the 
universe and for that I will be eternally grateful. 
— Adrian McCluskey, British Columbia Canada 

THE MILLIONAIRE NEXT DOOR 

The vast majority of self-made millionaires 
weren't born into money In fact they came from 
modest backgrounds.What made them million-
aires is this entrepreneurial mindset and a very 
strong drive to succeed. 

So here are some questions for you - "How badly 
do you want to succeed? How strong is that drive 
to attain the life you say you want?" It can be 
yours, but you must take the necessary steps for 
it to happen. Mindset is what separates the 
financially empowered from thosein bondage to 
their jobs, bills and old expectations. It also 
separates the modestly successful from the 
tremendously successful. It could be your 
neighbor, your friend or even a family member 
that chooses to understand and use these concepts
to change their lives. 



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Step 6: Think Like an Entrepreneur 



In order for you to be a millionaire, you must 
think constantly about multiple streams of 
income. I know a pair of fellow writers who 
make money from books and articles, but also 
have rental property. They are also investing in a 
chain of franchise restaurants in Thailand and a 
cherry orchard in Australia. These two ladies 
have also partnered with a radio host to produce a
group of financial radio shows across Canada and
own a percentage of the business generated by an
international speaker and lecturer. I asked them 
how these widely-varied streams of income came
about and here is how they described it: 

Well it's interesting to look back on it now, as we 
never could have guessed we'd be here just three 
years ago. We're writers and that is really our 
skill set, so early on we did a few deals with 
people we thought had great promise to trade our
skills for something they needed. There was a 
radio host who wanted to write a book so we did
that for him as well as his second book and 
agreed to own a percentage of his business in lieu
of payment. Now he's hit it big with this new 
radio show and so have we, as we now are part of
the production team. Another person we did a 
similar agreement with,was a man who was try-
ing to get on the national speaking circuit. We 
helped with his book and in return, a percentage 
of his speaking fees come to us. 

When we started doing better and had some cash,
we wanted to look at ideas that would bring us in
-come and also help others. Anyone can park 
their money in the stock market but we wanted to
do something different and help other entre-
preneurs. We heard about a chef who was start-
ing a franchise of little restaurants in Thailand 
and we thought it was a great idea because it
gave the local people an opportunity to work 
toward owning their own restaurant after the 
tsunami devastated the area. The cherry orchard
came about from an Australian Realtor that we 
helped with a book.She told us that some of the 
farmers near her parent's house were reclaiming
old vineyards to produce cherries which are in 
short supply in the southern hemisphere during 
their summer. We just liked the idea and 
provided some financing and we continue to 
look for ideas that help us diversify and keep
attracting money



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There are a couple of interesting points about this 
story that I want to talk about. First, they were 
looking for opportunities even before they had 
cash flowing in. They were willing to trade skills 
they had for future streams of income. This can be
beneficial for everyone involved. Relationships 
created this way are often much more profitable in
the long run than they would be if there was just 
an exchange of cash for service. So don't think 
you have to have cold hard cash to get started. 
Be creative and see what happens. 

The other item I want to point out is how well 
diversified these two are. They live in Texas, yet 
their money comes from the United States, 
Canada, Thailand and Australia. Don't be afraid 
to do business around the world. To say you only
want to stay within the United States limits your 
opportunities. It is much like saying, "Yes,I want
to attract money but I'll only accept cash." Don't 
limit yourself. These ladies just followed the 
leads provided as they came along and it's turned
out well for them. Besides they can hop over to 
Australia to check on the investments and deduct
the trip! What a deal! 

LET'S TALK MONEY 

The whole idea of creating multiple streams of 
income will have a big impact on your finances. 
But they don't all have to be big. You may start a 
stream of income that produces an extra $100 or 
$200 each month. Is that worth doing? Yes. Not 
only will you continue to grow this income,but 
you will add other streams as well. It's not about 
making a big score every time, but more about
diversifying your flow of money so that no
matter the economy, or anything that happens in
one sector, you'll still have a great income. 

Once the money starts flowing, it's easy to forget
what a big difference it makes in your life. Let's
start with $500. If you earn an additional $500
per month what does that mean? That's an extra
$6000 per year that can pay down your debt,
provide you a great vacation or go into an
investment or enhance a retirement fund. Now
that may not sound like a lot, but let's assume that
you keep that income stream for five years. Now
that's $30,000 - that's a serious chunk of change. 
One of the mistakes people make is evaluating a
stream of income based on a monthly or yearly 
amount, rather than factoring in the full ongoing
amount. 

I can't tell you the number of times I've heard
really smart people say that owning a rental
property isn't worth making a few hundred 

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Step 6: Think Like an Entrepreneur 


per month. Yet that property will be around for
years consistently producing income, as well as
gaining in value over time. Real estate and many
other long standing solid streams of income are 
often discounted by those who listen to every 
piece of bad news on television. They focus on 
the hassle of getting it going and the risk involved,
not the value of the revenue stream. 

But I'll be honest with you: I don't care about or 
even like rental property. Maybe you don't either
 - but some people do and do very well at it. 
Keep in mind that you can choose what you are
involved in, but you don't have to try something
just because someone else is doing it. 

How about intellectual property? A book for example. 

I've also talked to well-known people who
discount the idea of doing a book. They just don't
think it's really worth it as you generally don't
make much for your first effort. However, if you
keep going as I have, the stream of revenue from
over 30 books is substantial, and it juskeeps
flowing without my active intervention. 

When you're evaluating a potential source of
income, it's important to keep a few things in
mind. First, it should be flexible when you're
starting out. You may have to work around 
your full-time job. Flexibility gives you the
opportunity to attract money without being
tied down to a set schedule or numbers of hours every week. 

I also like opportunities that can grow over time.
While it's great to get $500 each month, it would
be even better if you had the possibility to grow
that amount and eventually generate $1,000 or
$1,500 per month. Another thing you want to 
keep in mind is that you want the income to
continue. Is it sustainable? You don't want to
necessarily put in the time to get the income
started if it's only going to last a few months or
only a year. This is especially true if that same
amount of time and effort could potentially
produce the same income stream that continues
for years. Eventually, you also want that income
stream to function without you having to manage
it every day. 

It's vital that you do what you love. This is why I 
suggest you look at your hobbies as potential ways
to produce income. You enjoy these already or they 
wouldn't be your hobbies. One of the worst things
you can do is get into a business that you don't like
just to make money. Your emotions will inhibit
your ability to attract money because you don't
really like the business in the first place. After a
while it will feel like a weight around your neck
and you'll dread it. This is not a formula for
success. Go with what you love and the money
 will follow. 



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While you can pony up the big bucks for a number 
of business opportunities, why do that if you don't
have to? I like ideas that cost little or no money to
start. This means that if you're willing to work hard,
you will make a profit from the very first dollar and
you won't have to carry any debt or worry about
making payments. The idea is to achieve freedom
and that's more difficult to do if you saddle yourself
with additional responsibilities and debts. 

I know a lady named Janet who was laid off from
her executive assistant position a couple of years
ago. There were few opportunities and she was
tired of commuting from her suburban home in
Florida to downtown Miami to work. She took
stock of her skill set and found it extensive. She
read an article on the Internet about virtual
assistants who work part time for several 
executives and communicate by phone and email.
Janet now works from home and has two other
assistants working for her who also work from
home. She makes more money than she ever did
being physically in the office and gets much
more work done without the commute and
distraction of co-workers who used to walk into
her office just to chat. Janet is a good example of
someone who basically loved her job, but it just
wasn't working well for her. Now she can use
those same skills and still provide a valuable
service to her clients. 

I see numerous people who think they have to look
at something totally different than their current job
to attract money but it's just not true. I know a man 
named Jerry who loved his job at the hospital in
Taos, New Mexico. Because he'd struggled with
post traumatic stress in the past and had gone 
through training to counsel others, he soon became
a post traumatic stress consultant to the hospital
staff members. He quickly realized the need for
knowledgeable people to help medical human
resource departments deal with this issue. Jerry
has retired from his normal floor duties and now
gives seminars all across the state to medical 
organizations and conferences on how to cope
with post traumatic stress on the job. He also is
working on an informational seminar. It will be
available online soon for other hospital 
administrators. They will then be able to learn
what they should do when faced with individuals
suffering from post traumatic stress. 

Both of these examples meet most of the 
requirements for great sources of income.
And they keep producing, capitalizing on
the Internet. 



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Step 6: Think Like an Entrepreneur 



THE INTERNET IS YOUR FRIEND 

Many people know me from my appearance as the
star of the movie, The Secret , but few really know
that I started my career as an Internet marketer. 
Back in 1995 I wrote one of the few Internet
marketing books that existed. In fact I wrote
several books on general marketing as well. So 
believe me I know the power of the Internet. I
also know that it can give you enough business
to change your life. 

The Internet is really unique because it's used by
almost every person living in developed 
countries around the world. It's easy to access,
costs little, and can put you in touch with
customers all over the world. It gives you the
opportunity to start small and then grow your 
business. You can have a business in conjunct-
ion with your day job while building your 
income. Doing business online also gives you
the option of spending more time with your 
children and family. For this reason alone, many 
people with small children choose to pursue this 
avenue. 

The ability to do keyword searches on Google can
also give you valuable information on what people
are really interested in. This is more difficult if 
you're starting another type of business. But online
information for Internet businesses is readily 
available. The range and type of opportunity on 
the Internet is vast, allowing you to match your 
passion and what you enjoy doing with what is 
available. Many of these opportunities are non-
traditional. I know a stay-at-home mom who loves
to play poker. She plays online and now has a very 
successful poker blog.She contributes online poker 
articles to one of the major poker Internet sites and 
gets numerous paid trips to Las Vegas to cover 
high-level poker events. Now this is a soccer mom
from Dallas who has no interest in moving her 
children to Las Vegas or living a gambling lifestyle
, but she can still make money off her world-class
skill right from home. None of the opportunities 
she enjoys were an option as recent as 10 years 
ago. New and different options are surfacing every
-day. You can take advantage of them, as long as
you're open to the possibilities. 

Most people have at least one or two things in
their lives that they're deeply passionate about.
Perhaps it's cooking or pets. Maybe it is gardening
or writing. If you have a true passion for some-
thing, it's well worth your time to try to investigate
the online opportunities and see if you can turn 
that passion and talent into some additional 
income - or perhaps a new career. 



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You've heard me mention my blog several times. 
Blogs are free and if you develop a following, 
advertisers will want to pay you to place their 
ads on your website. This is probably the 
number one way that bloggers make money on 
the Internet. Now blogging takes discipline as
well as the ability to communicate. So if these
are qualities you possess, then it might suit you.
Once you start looking you can find blogs on
any subject and you can write one on anything.
I encourage you to write about something 
interesting that helps people. These attract the 
most readers. You may help people grow home
gardens, fix up their home, eliminate their debt 
and become financially secure, or whatever 
else fits your passion. Just be sure you can post
at least a couple of times every week or even
every day. 

Another area that has really taken off on the 
Internet is virtual learning. This doesn't neces-
sarily mean formal education. People take on
-line classes to learn everything from English
to novel writing. All you need is to be 
passionate and knowledgeable and you can 
turn that into an online course. I invented the
e-class way back in the late 1990s. Lessons 
and lectures can be sent each week to students
who may return their homework via email. 
Many people who used to teach classes in 
seminar or classroom setting have moved to the
Internet as it offers low overhead and you can
maintain larger numbers of students from all 
over the world. There aren't any geographical
limitations. Tutoring can also be lucrative in
the online realm and many school-teachers 
use this avenue to enhance their teaching
income during the school year and then add
income during the summer. 

Since the introduction of YouTube, online videos
have exploded. Now many businesses and even
authors are using videos to sell their product. If
you have the skills to create and edit these types
of videos, there are numerous opportunities 
online. I know of a young couple (he was a
television news producer and she was a school
teacher), and when their daughter was born, they
decided that it would be more practical for him
to quit his job and stay home to produce sales and
training videos for businesses. Now he earns 
more than he did working 70 hours per week at
the television station and he gets to enjoy seeing
their daughter grow. 

Even teenagers these days have significant video 
production skills. So don't think that age is a 
limitation. This holds true for any online 
business. Your customers have no clue if you're
19 or even 85, so there aren't any preconceived
notions. You are treated as a professional as 
long as you act like one. So use that to your 
advantage. 



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Step 6: Think Like an Entrepreneur 


One area that almost needs its own category is 
eBay. Thousands of people use online auctions
to generate additional income. You can sell 
items lying around your house or you may 
purchase items in bulk and auction them off. 
You can even have one of their online store-
fronts that generate orders. These are 
extremely simple to set up and maintain. 
There is a lady named Maureen who got into
this line of business. She was trying to sell off
items from her aunt's estate. It went so well, 
she now advertises in her local newspaper to
buy whole estates and then sell the items online. 

There's really no excuse for not investigating the
various possibilities you have to earn additional
income from the Internet. While it's not the only
way it is certainly one of the easiest and most
inexpensive ways to get one of your streams of
income. This will allow you to start attracting
money immediately. 

Remember, the sixth step to attract money now is
to think like an entrepreneur. Anyone can learn to 
do this.When I was starting out as a writer, I didn't
have a clue how to think like that. I was also broke.
As I learned to see and act on opportunities every-
where, my happiness and income grew by leaps 
and bounds. 

We have one more step for attracting money 
now. If you're ready, just turn the page. 



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STEP 6: THINK LIKE AN ENTREPRENEUR 

TRUTHS & TAKE AWAYS 

• The sixth step to attracting money is to think 
like an entrepreneur. 

• In order for you to be a millionaire, you must set
up multiple streams of income. 

• Choose opportunities that will grow over time. 

• It's vital that you do what you love. Look at your 
hobbies as potential ways to produce income. 

• Most people have one or two things that they're 
deeply passionate about - turn these into your
first opportunities. 

• There's no excuse for not investigating the 
various possibilities for additional income 
that you can attract through the Internet. 

• Anyone can learn to think and act like an entrepreneur. 



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Step 6: Think Like an Entrepreneur 



ACTION STEPS 

• Write down 10 things you love to do. 

• Consider which one you could turn into a product or 
service. 

• Write down ways you could sell your product or 
service online. 

• Take action today to make it happen. 


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