Wednesday, June 18, 2008

“IF BARBIE IS SO POPULAR, WHY DO YOU HAVE TO BUY HER FRIENDS?

Hi there, today I’ll be writing about the subject of creating systems. Now I think the most simplest illustration of a good system is from Robert Kiyosaki, author of Rich Dad Poor Dad, who said that if you left the business for one year and returned, a good system would ensure that your business is doing better than before.

So to sum it up, it has not only to maintain and do well, the system should have opportunities and resources for brainstorming, innovation, competitive analysis and other measures in place to ensure that it improves and does better year after year. If I were to break it down to 2 factors on what run good systems, they are:
1. People
2. Technology

People monitor systems and ensure that everything is going according to plan. Marketing create the leads. Sales convert them. Customer Service retain them. On top of this, a good IT infrastructure automates many processes and reduces the no. of people required. Some people look at the companies I run and accuse us of being small. Frankly, I don’t really care what people say as long as I earn more than them. I like being small. Its a testimony to an effective self-automated process. So what must a good Entrepreneur possess after knowing this? Faith in his people and his technology.

“If you created 1000 ways of earning residual income, how would your life be different today, 5 or 10 years from now?”

“The entrepreneur is not really interested in doing the work; he is interested in creating the way the company operates. The entrepreneur builds an enterprise; the technician builds a job. If they don’t fail outright, most businesses fail to fully achieve their potential. That’s because the person who owns the business doesn’t truly know how to build a company that works without him or her.. which is the key.” - Michael Gerber

Posted by Rudy Pierre Low at 17:56:30 | Permalink | No Comments »

Monday, June 9, 2008

“HUMPTY DUMPTY WAS PUSHED.”

It’s 330am and I’m still awake. I blame it on my late nights working as an Entrepreneur. Today, I’d like to talk about giving it your all. I was playing “Winning 11″ the other day on my playstation and I set the mode to the hardest and selected a team that I knew wasn’t the strongest. Why?

It was the challenge. The adrenaline rush. The possibility of winning, despite the odds. I guess that pretty much sums up what I’d like to talk about today. The push factor. We all have it. We just have to determine what it’ll take for us to push ourselves to the limit. Oftentimes, we can push much more that we think we can. I’m not talking about what most employees do. Push paper.

“If it’s not hard, then why bother doing it? Would there be any sense of achievement, if there wasn’t any challenge in the first place?“

“Ever notice how your senses are heightened when you are in challenging situations? You’re experiencing an adrenaline rush that gives you extra energy. If you see every day as a challenge, you’d be surprised how efficient you can become, and how much can be accomplished.” - Donald Trump

Posted by Rudy Pierre Low at 20:45:56 | Permalink | No Comments »

Thursday, June 5, 2008

“IRS: WE’VE GOT WHAT IT TAKES TO TAKE WHAT YOU HAVE GOT.”

The rich and successful do things differently. They don’t like to have anything under their personal name for fear of lawsuits, evil in-laws, disloyal employees, business partners and the list goes on. Everything is protected under an entity. A trust, offshore company or Limited Liability Company or Company for that matter. Or some papers in a folder. =)

Here’s the beauty of running a business. Not only are you protected from liabilities, you enjoy a lower tax bracket and tax incentives. In some tax haven countries, there are NO TAXES whatsoever. In other countries, you have tax-free incentives for the first $100k earned etc. The key note to remember is that you’re taxed on what you’ve left over and not what you start with. Employees and Self-employeds are taxed with what they earn.

Imagine, the Government saying, Joe.. why don’t you spend everything this month.. your house.. your car.. your vacation etc.. and let me know how much you have left if anything at all… we’ll tax that… and let’s make it easier for you.. let’s do this at the end of the year.. and we’re gonna give you some tax incentives and tax exemption as well.. sound like a good deal? Let’s use our most valuable asset to protect the rest of our assets. Our brains.



“Don’t you think it’s high time you run your own businesses to protect some if not all your assets?”

“Rich people always have a certain degree of debt. Apparently it helps to reduce taxes. I’m not so hot on the bean-counting side.” - Felix Dennis

Posted by Rudy Pierre Low at 06:22:50 | Permalink | No Comments »