Visionaries,
Here is a Summary of our Mastermind discussion on Jan. 29th, 2012.
Greetings
Today's Goal:
- Discuss last week's Goal of selling something on Craigslist for $30.
- Discuss reaching out to one like minded person.
- Discuss Ch. 3 Midas Touch
- Create new goals for next week
Discussion of Mission Statement:
- Including Win-Win situations will enhance our Mission Statement:
"Increasing the financial well-being of Humanity through Win + Win
situations by creatively filling people's needs."
- Can we boil this down some to be more precise?
Revisiting our Why's:
- knowing Why we are doing this will give us the inspiration and
desire to keep going.
- We all have very personal reasons for why we want to succeed, but
we have unity of purpose because as a group our Why is the same.
- Oly reads his Why's every day. Very powerful.
Last Week's Goals:
- Oly was given a free iPod; he created an ad and posted it to Craigslist.
- Reese continuing to network with other professionals
- Tim sent out minutes to group, has ad on Craigslist
- All Read Ch. 3 in Midas Touch
Discussions about Ch. 3 Midas Touch
- Brand identity represents the soul of the entrepreneur.
- You are either a commodity or a Brand. People will pay what you
ask for a Brand, while a commodity does not have the same
significance, so price battles occur.
- Story of the fake Rolex.
- A Brand develops when the business focuses on exactly what they
stand for and what they bring to their customers.
- Be true to yourself and people will respect you for it.
Review of Systems in our organization:
- SYSTEM - Save Your Self Time Energy and Money
- It will benefit our group to streamline our systems similar to MLM
organizations
- Fashion our systems based on the B & I Triangle
- We talked about setting up a website for our organization, making
it easy for our network to communicate and grow through online
resources and sell our products/services to customers.
- We are documenting the process and creating the system for each
project as we go.
Visualization:
- "Hold these positive thoughts in your mind, and somehow you're
going to attract it."
- Do some thinking, turn yourself into a magnet and attract.
- Develop your vision and eventually it will happen.
- "Don't confuse activity with accomplishment." - Zig Ziglar
- Creating Monetary & Personal Development. I really like this
comment Reese made. I nominate this as a good Mission Statement
because it is short, direct, and powerful.
As a team, where do we want to go?
- Follow One Course Until Successful
- It's like we're playing Cashflow as a team in real life.
- 3 month Goal: Phase 1 - Small Deals, creating capital every week
- 6 month Goal: Further developing our capital through larger projects
- 9 month Goal: $5,000 liquid assets (the next double will be
enough for down payment)
- 12 month Goal: Turn our Capital into Passive Income
- Develop stable system and purchase property for positive Cash
flow. Stable system answers: Where do we buy? Who manages? Who
finances? Who collects? Do we create a Land Trust? Do we fix the
property? etc.
- We want this small business to become a big business. Phase 2,
beginning Jan. 1, 2013, can be developing our current operation into
an asset that runs itself by the end of next year. We may even
develop multiple businesses from our efforts. For example, an
entrepreneur development course, a real estate business, we may
develop the skills to quickly and efficiently provide a certain good
or service and we just focus on that one in the future. This group
can achieve as much as we want it to.
How we can Succeed where other Entrepreneurs Fail:
- Keep seeking answers.
- Keep trying and don't get down on yourself.
- We are guaranteeing our success by taking action.
- We've all been on this journey for a long time. Accept that fact
and make it to our Goals.
- Turn bad luck into good luck.
- Our diligence is what we pay out & the Universe will pay back what
we want in proportion.
- We are going to stop at nothing to achieve.
- We Believe we can succeed.
- Matrix metaphor
- Donald Trump's ideas that Vision And Focus are required to Win.
- Continue to answer this question: How can we help more people
with less of our own time and less of our own money?
Action Step's for Next Week:
- Continue to reach out to like minded people because building our
network will give us power.
- Find small deals and achieve Win + Win situations. Maybe this
goal needs to be more specific. We had a goal of $30 each last week
and it spurred us on. This week, to double our cash, let's focus on
$50 each! Gently push ourselves to achieve bigger goals.
- Read up through Ch. 4 in Midas Touch to discuss next week.
- Reese: Keep your mind on Systems.
- Oly: Keep your mind on developing as Treasurer.
- Tim: Find answers to Tax and Legal implications of our group.
- Tim: Ending quote for next meeting
General Statement: I am very proud of us for our diligent efforts to
make a better reality for ourselves and our loved ones. It is noble
work. We are growing into good, responsible men. Thank you all for
being dedicated partners.
Ending Quote by Reese: "Just Do It." - Nike