Do You Have a Business Plan?

Posted on August 25, 2009 by Wayne

If your business doesn’t have a business plan then it is in your best interest to create one.

I heard about a study recently of 1600 businesses conducted over a 25 year period about how they used business plans. 70% of the businesses surveyed had no written or verbal plan of any kind, 27% of them had only verbal goals, and only 3% of them had their plan written down. What you need to know is that 98% of all the wealth in those 1600 companies was held by those 3% that had written goals.

Do you see how important it is to have your plan written down?

There are many reasons why a written plan is so effective. One reason is that the process of writing down your business goals actually forces you to think about them and clarify them. You have to know what they are so that you can write them down.

A written plan also gives you a place to go to reset your focus. Flesh out your plan with the specific actions that you are going to do to achieve your goals. Also keep your plan in a place where everyone involved in your business can see it and refer to it. It becomes the document that guides everyone’s actions and keeps everyone on track to accomplish your business goals.

Another way that a written plan can help your business is when you talk to potential partners and/or investors. A business with a written plan will appear much more professional than a business with no plan or just a verbal one.

If you would like to know how to create a simple plan, I recommend Loral Langemeier‘s The Millionaire Maker’s Guide to Creating a Cash Machine for Life book or her Building, Leading, and Protecting Your Business audio program.

Get your plan together so that you can join the 3% of businesses with 98% of the money.

Wayne Woodworth
The business man with the business plan

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Loral Langemeier’s Cash Machine Workshop

Posted on August 19, 2009 by Wayne

My wife and I spent the past three days as volunteer staff at Loral Langemeier’s Cash Machine Workshop in Atlanta and had an absolute blast.

If you don’t know who Loral is, then you need to find out about her now. She is the Millionaire Maker and she teaches people how to become millionaires in three to five years. She has several best-selling books, cd programs, a radio show and live events. Her remaining Cash Machine Workshops for 2009 are in San Francisco, Los Angles, and Seattle.

There are several people out there teaching people that they need to become financially independent and how to do it, so why is Loral the best? What really impresses me the most about Loral Langemeier is that she is real. She isn’t one of those seminar speakers who stays up on stage and never interacts with the people who paid to come see them. She uses the same door to enter the room as everyone else. She is on the floor interacting with people while she is teaching. If you have something that will help her business then she will work a deal with you right then and there because it shows everyone else how it is done.

She is also balanced. She doesn’t sacrifice her family to do these events. Her family travels with her as much as possible. She has a beautiful little daughter that came with her to our workshop in Atlanta. She’s a mom, a wife, and also happens to teach people how to build teams and become millionaires.

You can learn about Loral and her teachings by reading her books and going through her CD programs. The best way is to get to one of the upcoming Cash Machine Workshops. When you come, you have to be ready to play. Everyone at the Atlanta event made some amount of money. If you would like to talk to somebody about the best way to get started on your path to becoming a millionaire, then leave me a comment and a friend of mine who works with Loral will get back with you.

Wayne Woodworth

My wife, Michelle, doing 5 minute chair massage in the Market Place during the August 2008 Cash Machine Workshop in Atlanta

My wife, Michelle, doing 5 minute chair massage in the Market Place during the August 2008 Cash Machine Workshop in Atlanta

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Asset Diversification

Posted on August 12, 2009 by Wayne

Diversifying your assets can save your retirement.

If you know anything about the stock market, you know that the experts say that you need to diversify your stock portfolio.  You have a better chance of making money if you have it spread out over multiple companies in multiple sectors.  That way you are insulated from the risk of something happening to one company or even a whole sector.  If you remember the Enron scandal then you probably remember hearing stories of people losing their entire retirement savings because it was all invested in that one company.  You may also remember the “Dot Com” bust when that entire sector took a huge dive.  Mutual funds are a great way for ordinary people to diversify their stock holdings because they provide a single place to invest money that then gets invested in a broad sampling of companies that have been selected by an expert.

The current economy has shown that it is really necessary to diversify at a higher level.  I don’t know about you, but my 401k is only a fraction of what it used to be.  Fortunately I’m still fairly young and have time to recover.  But what about all of the people who have retired or are about to retire?  They have seen their retirement money cut in half, or even to a third of what it was a year ago.

I suggest that people look into asset diversification.  What are other things that you could invest your money in that may insulate you during a poor economy?  There are many things.  A lot of people like real estate.  When times are good and prices are up, you can sell houses for a profit.  When the economy is bad, you can hold onto them and rent them for an income stream.  That makes a lot of sense if that is something you are interested in.

An investment avenue that I like is precious metals like gold and silver.  When the economy is down, like it is now, the values of metals go up.   I also heard today that people like Warren Buffet are recommending that people buy gold because they expect the price to keep going up.

I found a program where you can invest a fixed amount of money every month in gold and/or silver on a savings plan.  You aren’t just investing in something that you never see, like with stocks.  You receive the gold and silver as it is paid for.  You will probably save more money stuffing your mattress with gold and silver than you will stuffing it with dollars.

Wayne Woodworth
I invest in my 401k and in gold. I don’t hide it in my mattress though. It’s too hard to sleep on.

DISCLAIMER: I am not a financial adviser. This is just my opinion and what I have chosen to do with my savings. Please consult a real financial adviser to see what is right for you.

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Regular Training is Critical to Growing Your Business

Posted on August 1, 2009 by Wayne

It is absolutely critical to get regular training if you are involved in a business.

If you have ever studied personal growth then you have probably heard that if you aren’t growing, then you are dying. That is very true. If your business isn’t growing then you will soon find that you have been left behind by the other businesses in your market. Things are always changing, new technologies and methodologies are constantly being introduced. A regular training program is the best way to keep up with everything that is going on.

Training is even more important when you are building your business online where things are constantly changing.

I have decided to build my business online, and it is much more than just building a website and waiting for people to show up.  Right now social media and blogs are the big thing, and most people don’t understand them, especially social media.  Fortunately there are a few people who do have it figured out and they are willing to teach the people who will listen.

So far, the best training programs I have found for Internet Marketing are Mike Dillard’s Magnetic Sponsoring and Ann Seig and Mike Klingler’s Renegade Professional.  They both have a network marketing flavor but the material is appropriate for any small business looking to build its presence online.  If you are completely new to the online world, then I think Renegade Professional is best.  It provides very detailed, step-by-step instruction.

In building a business it is important to stay up to date, improve your existing skills, learn new skills, and learn from other people’s mistakes so that you don’t make them yourself.

Wayne Woodworth
FYI, spam is not the right way to use social media.

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Get Success for Your Business

Posted on July 11, 2009 by Wayne

Bob Proctor can help you get success for your business in just 6 minutes every day.

I have been subscribed to Bob Proctor’s 6 Minutes to Success for a couple months now and I look forward to it every morning.  It is a daily video that is only a minute or two long in which Bob Proctor talks about a specific concept for you to think about during your day.

So far the episodes have covered a wide variety of topics, such as:

  • The 6 Steps to Success as described in Napoleon Hill’s Think and Grow Rich
  • The 7 Positive and 7 Negative emotions and how they control you.
  • Your mental muscles
  • Focus
  • Gratitude
  • Responsibility

At the time I’m writing this, Bob has just started going through the Laws of the Universe.  The first one is that Energy just is.  The idea is that things just are.  They are neither good nor bad or any other quality that we ascribe to them.  For example, $10 is just $10.  If is was your paycheck for a week’s work you might think it is bad.  On the other hand, if you just found it laying on the sidewalk it would be a pretty good thing.  In and of itself though, it is just $10, no more and no less.  It is a powerful idea because it gives you complete control over how you interpret everything you experience.

I recommend that you check out Bob Proctor’s 6 Minutes to Success.  They let you try it out for free for the first week so what do you have to lose?

Wayne Woodworth
Building my success in just 6 minutes a day with Bob

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A Key to Success

Posted on June 27, 2009 by Wayne

I received a key to success from Jack Canfield this week.  Not just financial success, although it definitely does apply.  It is a key to success in any area of your life that you are looking for more success.

You are the average of the five people that you spend the most time with.

For me, one of things that I want to do is lose some weight.  Well, the people I talk to the most at work are very much overweight, not exactly the right people to help reinforce the right habits.   I also want more success with my own businesses, and again, the people that I spend the most time with are complacent, happy to complain about being poor without doing anything to change it.

Looks like I need new friends.  We have a tendency to pick up the habits and attitudes of the people that we spend our time with, so we need to spend time with the people that have the habits and attitudes that we want to build.

Take a look at your life.  What are the areas that you are not receiving the success that you want then look at the people you spend the most time with.  Do they embody the success you are looking for?  Probably not.  Where can you find the people that you should spend the more time with?

Another concept that this brings to mind is a mastermind group.  They are a great way to surround yourself with people who are headed in the same direction as you want to go who will support and encourage you.

Leave me a comment.  If you are someone who is looking to increase your success in business and/or wellness then I would love to talk with you.

Wayne Woodworth
Anyone up for a mastermind?

Jack Canfield - The Success Principles

You probably know Jack Canfield as the co-creator of the Chicken Soup for the Soul book series.  Have you read The Success Principles yet?

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Diminishing Value of the Dollar

Posted on June 14, 2009 by Wayne

The value of the dollar has been decreasing over the past several years.  You know that.  You know why too.  The government keeps pumping out more money in the form of bailouts and other programs.

Until about 30 years ago, the value of the US Dollar was tied to the value of gold.  We were on a gold standard.  In 1971 President Nixon abolished the gold standard which made it possible for the government to have more money printed without it being backed up by anything.  You’ve got to hear Glenn Beck’s description of this and see his chart.  It is amazing and somewhat disturbing.

I recommend that you convert some of your savings into something that will hold its value while all of this insanity is going on.  I found a great place to get private gold and silver.  Right now they are even offering a FREE GIFT just for taking a look.  You have nothing to lose and everything to gain.  Go ahead and check it out.

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Do You Want to Live the Good Life?

Posted on June 10, 2009 by Wayne

I have started listening to Bob Proctor’s Mission in Commission program, which is for people who make their income through sales.   He makes a few statements on the first disk that really stood out to me.

First is a quote that he found from a Spanish distiller: “The good life is expensive.  There is another way to live that doesn’t cost as much, but it isn’t any good.” I like that line.  Everybody has dreams of living a certain lifestyle and most people think they will never have it.  I think that’s too bad.  I believe that we are here to experience all of the greatness that life has to offer and it is a shame when we limit ourselves with wrong ideas.  Bob Proctor notes that salespeople are both the highest paid and the lowest paid of all professions and the difference between high and low is just your mindset.

The second statement that stood out is that “selling is something you do for a person, not to a person.” Being involved in network marketing circles online I am constantly amazed at how pushy some marketers are.  They will tell you all about how great their opportunity is almost before they ask your name.  Selling is about finding out about the other person.  Who are they, what kind of person are they, what are their concerns and needs.  Build a relationship first then only bring up your product and business opportunity if you see that you can fill a legitimate need of theirs.  Most people I meet on a daily basis know nothing about me being a network marketer or the product that I sell unless I learn they have a need for it.  Be a person and a friend first.

Bob then went on with the qualities that he thinks makes for a good salesperson.  “It takes a pleasing personality and sincere desire to help someone else improve their quality of life.” I think we’ve pretty much covered this one.  If you are friendly, not pushy, and have a genuine desire to help then you have the necessary qualities to be a great salesperson.  The rest of what you need are skills that can be learned.

If you like this material then you will love Bob Proctor’s other programs.  If you are interested in trying you hand at sales then I recommend network marketing because it is easy to get into and learn the skills as you go.  I know of a few different opportunities that you can check out.  Leave me a comment and we’ll talk.

Wayne Woodworth
Everyone is a salesperson. Most just don’t know it.

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Would You Like to Have Wealth Beyond Reason?

Posted on June 4, 2009 by Wayne

Wealth Beyond Reason sounds good doesn’t it?

I have used a lot of programs about the Law of Attraction and other related topics from Bob Proctor, James Ray, and others and they are all very good.  I highly recommend them.  But the absolute best I have come across for how to use all of that information on a daily basis to actually create the life you want is Wealth Beyond Reason by Bob Doyle.

The most important thing Bob teaches in addition to the Law of Attraction itself, is how to clear the resistance that we have.  I believe that you will get real benefits from this program.

Wealth Beyond Reason is all online, has a lot of content for the price, and you go through it at your own pace.  Check it out.

Wayne Woodworth
Bob Doyle Fan

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Diversify Your Savings with Gold

Posted on May 21, 2009 by Wayne

I have been learning about gold recently. Gold has been used as money since before recorded history. In more modern times it became easier to carry paper money and less valuable coins to pay for goods and services, but the money was still backed by gold and silver. I actually have an old $1 bill that bears the words “Silver Certificate”. In 1971 President Nixon took the US off the gold standard changing American currency to fiat currency.

From Wikipedia: “Fiat money achieves value because a government accepts it in payment of taxes and says it can be used within the country as a “tender” (offering) to pay all debts.”

Translated, that means that our money has value simply because the government says it does.

The value of gold is much more stable right now than the value of the dollar, so I looked into investing in gold.  I found a company that lets me buy a little bit of gold every month so that I can diversify my savings and gradually build some stable wealth.  Actually, I joined the company.

Check them out, they are called YOUnique Wealth.

Wayne Woodworth
Internet Networker

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