Thursday, August 8, 2013

The Narrow Path by Dan Kennedy - a book on entrepreneurs

Diverse portfolio or focus on few things that count?  The Zurich axiom tells us that you should put your eggs in few baskets.  If you put many eggs in many baskets, you spread out your risk, yes but your returns are spread out thinly as well.

Focus on the things that count.  That is what narrow path is all about.  Focus and concentration of your efforts that are of real value

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From: Thriving Business <newsletter@thrivingbusiness.com>
Date: Wed, Jul 31, 2013 at 1:30 AM
Subject: The Narrow Path



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Issue # 212 - July 30, 2013
Hi Jorge,

When it comes to everyday business decisions, it is easy to get sucked into trying to do several things at once as opposed to just doing a few projects until they are completed before moving on to the next project.

Even I am guilty of trying to do too much at once. It is an easy trap to fall into because you think that many simultaneous projects will result in more money when in actuality, you are only doing each of them at a fraction of what you're capable of. As a result, you miss out on the revenue you could've made by spending all of your valuable working on a few things to the best of your ability.

In today's Main Essay, multi-millionaire entrepreneur and business strategist Dan Kennedy will share his thoughts on this issue that continually pops up in businesses across the world.

In the Check It Out section, you will find out about 3 fatal mistakes that can cause your business to crash and burn faster than a controlled demolition. Click here for more details.

We hope you enjoy this issue of the Thriving Business Newsletter.

Cheers,

Denise Gosnell
Publisher
ThrivingBusiness.com Inc.



The Narrow Path
By Dan Kennedy

Government does not work because it is more about royalty remain ing royalty than it is about results, so the only time it gets anything of real importance accomplished is in moments of
severe crisis, when all the royals are equally threatened. Business works – when it works – because of an opposite operating system.

Small business works better than big business, because its leaders have little fear of
being deposed; they are the owners, a status actually higher than royals (which is why royals despise business owners), so they can act without political considerations. For that reason,
they are often proactive instead of only reactive. Because they deal in real rather than fictitious numbers, have a limit on debt they can get their hands on, and eat profit, they often make
intelligent and rational decisions.

Many work at defusing problems at their tiniest, in their infancy, rather than postponing
doing so as long as possible, until the monster has grown big enough to eat them. If you
stand back and observe all this, you can see what works and what doesn't work quite clearly,
and make your personal behavioral and business practices choices accordingly. If you will.

Felix Dennis is a Renegade Millionaire – actually worth about $500-million, which he manufactured for himself, entirely on his own, from scratch. He is one of Britain's richest citizens. In his newest book, The Narrow Road, he tells more blunt truth about what works in the making of money, more succinctly than any other credible person I've ever read on the subject. I am more simpatico with his conclusions than I am with anyone else's.

Like me but more so, Dennis is offensive to many and frightening to many more. Truth is rarely pleasing or reassuring, except to the very tiny number of people who prefer it to being pleased or reassured. I suggest getting and reading this little book, but in a well-lit room, not in gloom inhabited by scary shadows.

Unlike most authors of most success genre content, he makes no attempt to deliver ideas that will be popular with a large audience. This mirrors my own approach as an author, spanning, now 32 years and more than 20 published books. (www.NoBSBooks.com), My scariest is No B.S. Ruthless Management of People and Profits.

One very big difference between the path most are on versus The Renegade Millionaire Way is mixed agendas vs. laser-focused dedication to what works. The Renegade Millionaire Way is simple: find what works and use it. (That's what being part of a great mastermind group is all about. Why coaching is important.)

Others way is far more complicated. It is cluttered with: what will people think of me? am I permitted to do this? but we've never done it this way. we should get more consensus. my peers are all rushing off to do the new thing and I don't want to be left behind. will this make me popular? liked? or gossiped about? what if it sparks criticism about me on Google?

Ordinary business owners are trying to run fast through a dense forest of all these concerns, thus bumping into trees at every turn, spending a lot of time lost and confused. Renegade Millionaires have left that forest and are running on a clear, paved path. 


DAN S. KENNEDY is a serial, multi-millionaire entrepreneur; highly paid and sought after marketing and business strategist; advisor to countless first-generation, from-scratch multi-millionaire and 7-figure income entrepreneurs and professionals; and, in his personal practice, one of the very highest paid direct-response copywriters in America. As a speaker, he has delivered over 2,000 compensated presentations, appearing repeatedly on programs with the likes of Donald Trump, Gene Simmons (KISS), Debbi Fields (Mrs. Fields Cookies), and many other celebrity entrepreneurs, for former U.S. Presidents and other world leaders, and other leading business speakers like Zig Ziglar, Brian Tracy and Tom Hopkins, often addressing audiences of 1,000 to 10,000 and up. His popular books have been favorably recognized by Forbes, Business Week, Inc. and Entrepreneur Magazine. His NO B.S. MARKETING LETTER, one of the business newsletters published for Members of Glazer-Kennedy Insider's Circle, is the largest paid subscription newsletter in its genre in the world.


Check It Out!

As experts in start-up businesses, Jynell and I have seen 3 fatal mistakes repeated time and time again that end up causing the majority of businesses to fail…

These mistakes will cost you money…usually a lot of money…

These mistakes will cost you valuable, irreplaceable time…

And these mistakes are completely avoidable if you just have the right blueprint to follow…

So what are those 3 fatal mistakes that can cause your business to crash and burn faster than a controlled demolition?
 

Click here to learn the answer.


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--
Jorge U. Saguinsin
To "be the best, do your best, expect the best" always

Matthews of WaPo - Legalize Insider Trading


WaPo's Matthews: Insider Trading Should Be Legal

From Moneynews Aug 8, 2013

Washington's Post Dylan Matthews thinks that insider trading should be legalized.  The Atlanta Federal Reserve bank study says that insider trading makes market more efficient.

It is bizarre that selling is prohibited but not holding on to the stock (if there are positive news that the insider knows about)

(MIchael Douglas was jailed because Sheen turned against him in a insider trading scam).  Banning insider trading gives a stock market a sense of fairness;  but it is not fair.

What is the true unemployment rate in the US? 7, 10 or l4%

Ateneo Professor on Entrepreneurship


From Money News | August 8, 2013

Most of BLS statistics stands at 7+ which presents a rather low unemployment rate in the US and state of recovery.  However many argue that the unemployment rate is higher.  Some say it is a l0+ % others say it is double at 14%!   Only Americans looking for  a job, and or who live there can tell us the real score.  

The US population increased by 12.4 million since December 2007 while the number of jobs only increased by 1.9 million. Those who are unemployed or not seeking employment  increased by 10. 1 million.

It is to be noted that the workforce of US vs population increased.  The ratio is 58.7% in June vs. 63% five years ago.

What can be done in US to improve job situation

LIGNET: Pope Faces War with Vatican Bureaucracy

In our faculty conference for the last two days, it was explained that the new Pope has something which his predecessor do not have:    a forceful personality and a different style. 

There was resignation before from former Pope because he could not tame the curia - the elephant at Vatican which has resisted change.

Pope Francis has been listed as the model in the conference as the standard for change management.  But is he really the model in change?  Can he change the curia of the Vatican?

What is the meaning of this if he fails to tame the curi?

---------- Forwarded message ----------
From: Newsmax.com <newsmax@reply.newsmax.com>
Date: Tue, Jul 30, 2013 at 7:17 AM
Subject: LIGNET: Pope Faces War with Vatican Bureaucracy


Newsmax.com


Dear Newsmax Reader:
LIGNET, Newsmax's global intelligence and forecasting online service, has issued a new report on Pope Francis and the power struggle he faces in the Vatican.
Every day, LIGNET experts draw from the top echelons of U.S. national security agencies, scouring the globe for information and analysis not offered anywhere else.
LIGNET's advisory board includes former CIA Director Michael Hayden, former U.N. Ambassador John Bolton, and many other leaders in the intelligence world.
Please take a moment to read our special report below.
LIGNET.com

Lignet - Special Brief

LIGNET Exclusive: Pope Faces War with Vatican Bureaucracy

When Pope Francis returns to Rome on Monday, he will face a starkly different landscape than the one he left in Brazil. The pope's recent visit to Rio de Janeiro underscores how wildly popular he is among the faithful. But an inside Vatican source says Francis will face a continuation of his war with the Holy See's curia — and he has ambitious plans to expose corruption and dramatically change the Church's image. Our source gives one of the most riveting accounts of the behind-the-scenes power struggle.
Read the Full LIGNET Analysis — Go Here Now


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--
Jorge U. Saguinsin
To "be the best, do your best, expect the best" always

President of US spent trillions on recovery with no concrete results

Ateneo Professor on Entrepreneurship

From Money news | August 8, 2013

The president of the US spent $4 trillion on stimulus spending but does not have much to show for this:  the broken American dream, growing poverty in US and and widening gap between the haves and have nots (are we talking about US or 3rd world country here?

Sequestration (cutting expenses) as means to go by without reduced spending budget cuts resulted in $45 billion reduction in expenditures, Obama wants $200 billion in additional taxes, the trade deficits has resulted in more losses to the govt.  The Obamacare which has driven health care costs has resulted in many Americans being part time workers. 

Are Obama programs working really for the benefit of the poor or making things worse for Americans

Former Presidential Candidate Steve Forbes has prescriptions for stable/high stock prices

Ateneo Professor on Entrepreneurship

From MoneyNews | Aug 8, 2013

A stable dollar and flat tax rate would be key to removal economic woes thus asserts Forbe editor and former presidential candidate.  Dow Jones would not hit 25,000 until the fundamentals are fixed:

l.  Stock prices (they are not really as high as they should be if adjusted for inflation)

2.  Unemployment -  full employment levels must be brought up

3.  Bank lending should reflect the true cost of capital

4.  Housing starts is at 800,000 whereas in a nomal economy this should be 1,500,000 a year.

5.  Uniform tax rates (not a rate for the working class, and a different rate for millionaires.)