Dec 1, 2009

What is a Business Opportunity

Every one wants to earn money in some way or the other for the following reasons :-
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  1. To survive,
  2. Meet their requirements,
  3. Lead a comfortable life
  4. Enjoyment
  5. To be able to show an achievement
  6. Achieve their dreams
Robert Kiyosaki, the world renowned financial educator, categorises and explains the four categories in which people are earning money in his book " The Cash Flow Quadrant". It has been discussed earlier in "Income generation methods" posted on Jun 22, 2009.

A Business opportunity is an income generation method which can put you in "B" quadrant.
Opportunity will only be seen by people who are actually sincerely looking for one and are ready to explore and research and are willing to come out of their comfort zone to put effort after having accepted an opportunity.

In today's world with so advanced media, communication system and internet, many brainy people have created  "SYSTEMS" using "LEVERAGING PRINCIPLES"  which enables a person to use the  "SYSTEM" on a part time effort and supplement his income.When the "SYSTEM" requires increasing the "TEAM" through referrals, it can be called MLM or Direct Marketing.

Many such "SYSTEMS' are illegal also because they do not have any products or services or the government approval has not been obtained and such businesses either make some promoters rich who manage to get in at the right time or fail and die when caught in the legalities aspects of the business model.

There are many such businesses which have obtained government clearances and are legal. They are members of the IDSA (Indian Direct Selling Association ) or the DSA of their respective country.

Why do People Fail
We must understand that a business merely provides us a "SYSTEM" to plug into, put effort and earn money. It is not giving you a guarantee of income. Most people misunderstand the system and think that it is a member making thing. Be wary of any business which has a compensation plan only when new members join. Such model will not last long.
Without understanding the plan, people force their friends and relatives to join, promising them that they will earn big money even if they do nothing. New members have been given a false hope. They do nothing, they get nothing and yet, they ask for the earning. When they don't get any money, they get angry and feel that they have been duped by their friend or relative. Not only the relationship now becomes bad, they start talking bad about the business and their friend or relative. This spreads ten times faster than good news.
There are certain benefits because of leveraging and team effort which should be clearly explained.
Then there are emotional factors. A person will give any amount of profits to unknown people in the traditional distribution system but will resist if it is his friend or relative. Even a person who has understood the plan thinks that it is not a good idea to earn profits from their friends and relatives. He feels comfortable only as a consumer and in 90 % such cases, he is not even a consumer because he resists changing his brand.

Who succeeds ?
  1. People who are looking for an opportunity
  2. People who are ready to research and understand 
  3. People who are ready to learn from successful people in that business. Only a successful person can teach how to succeed. A failure can only teach you how to fail.
  4. People who put the right effort as directed by successful people consistently and persistently.
  5. People who reviews the results of their effort with their mentor.
Remember that their are great opportunities to grab in today's time. Are you really looking for one ??

Nov 18, 2009

Dreams, Goals, and Persistence

One day Alice came to a fork in the road and saw a Cheshire cat in a tree.

'Which road do I take?' she asked.

'Where do you want to go?' was his response.

'I don't know,' Alice answered.

'Then,' said the cat, 'it doesn't matter.Take any'

Excerpt from Alice in Wonderland - Lewis Carroll

 This small conversation tells us a great principle for success. Ironically most of us  face the same dilemma in our personal and professional lives. Our thinking is just like Alice. We are not clear where we want to go.

We need to know where we want to go, ask directions from a knowledgeable person, make sure we are on the right path and put in our effort to move ahead overcoming all the hurdles and challenges.

 If I am not clear of my destination then I must first identify my destination. This will require some effort and probing and we should ask question  "Where does this road lead?", "Do I like the where this road will lead me to?"

Life is a journey. We have to identify our destination which is generally linked to our dreams. Within our dreams and aspirations, we find our opportunities.( Sue Ebaugh )
Dreams do not vanish, so long as people do not abandon them.

Having identified our dreams, we must look for a path which has the potential to make our dreams become reality.
Now just put dates against the dreams, plan small small steps to be performed. In simple words, this is called setting long term, medium and short goals and start working persistently. Give all that we have with strong belief and faith in ourselves and in god. This is bound to get us results.

Here are some quotes which essentially are the key to success
 Destiny is not a matter of chance, it is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved. -- Jeremy Kitson
 If what you are doing is worth doing, hang in there until it is done -- Nido Qubein
It's not that I'm so smart, it's just that I stay with problems longer. Albert Einstein

Sep 28, 2009

A Simple yet a Great Story

A mouse looked through the crack in the wall to see the farmer and his wife open a package.

What food might this contain? The mouse wondered - - - he was devastated to discover it was a mousetrap.

Retreating to the farmyard, the mouse proclaimed the warning: There is a mousetrap in the house! There is a mousetrap in the house! '

The chicken clucked and scratched, raised her head and said, 'Mr.Mouse, I can tell this is a grave concern to you, but it is of no consequence to me. I cannot be bothered by it. '

The mouse turned to the pig and told him, ' There is a mousetrap in the house! 'There is a mousetrap in the house! '

The pig sympathized, but said, I am so very sorry, Mr.Mouse, but there is nothing I can do about it but pray.Be assured you are in my prayers. '

The mouse turned to the cow and said ' There is a mousetrap in the house! There is a mousetrap in the house! '

The cow said, ' Wow, Mr. Mouse. I ' m sorry for you, but it ' s no skin off my nose. '

So, the mouse returned to the house, head down and dejected, to face the farmer ' s mousetrap . . . alone.

That very night a sound was heard throughout the house -- like the sound of a mousetrap catching its prey.

The farmer ' s wife rushed to see what was caught. In the darkness, she did not see it was a venomous snake whose tail the trap had caught.

The snake bit the farmer ' s wife. The farmer rushed her to the hospital, and she returned home with a fever.

Everyone knows you treat a fever with fresh chicken soup, so the farmer took his hatchet to the farmyard for the soup's main ingredient.

But his wife ' s sickness continued, so friends and neighbors came to sit with her around the clock.

To feed them, the farmer butchered the pig.

The farmer ' s wife did not get well; she died.

So many people came for her funeral, the farmer had the cow slaughtered to provide enough meat for all of them.

The mouse looked upon it all from his crack in the wall with great sadness.

So, the next time you hear someone is facing a problem and think it doesn' t concern you,

Remember ---- when one of us is threatened, we are all at risk.

We are all involved in this journey called life.

We must keep an eye out for one another and make an extra effort to encourage one another.


( Author unknown but since this gives us a wonderful lesson, I thought of posting it for some of us to benefit )

Sep 21, 2009


Sat, 19 sep 7:30 pm. I went to attend a seminar where I heard a leading orthopedic surgeon from Mumbai talking on how to improve our financial health. This is what he had to say:-

If we are complaining about either time or money or both not letting us do what we want to do then it is a disease which needs a cure.

Being specialist in knee problems if someone comes to my clinic, I can assume 3 things:-

1. The person has a knee that is why he could walk in

2. He has some problem in the knee to walk into a Knee specialist clinic

3. His knee problems can be cured if he is ready to listen and follow the instructions of the doctor

Same applies in the financial health
1. A person has a life which is going on and he is living
2. He has some problems in his financial health for which he wants a cure and finds a financial doctor
3. His financial problems can be cured if he is ready to listen and follow the instructions of this financial doctor.

Of course, in both the cases the result depends on many factors such as
1. Has he gone to the right doctor ?
2. Is he willing to pay the price to get rid of his problem
3. Is he ready to listen and follow the instructions ?

Knee patients are seldom an emergency case and so they keep suffering, cribbing and complaining about the problem without going to the doctor till he really decides that he wants to get rid of the problem and is ready to pay the price.

Financial health cases are also seldom an emergency. The patient is somehow managing and so they keep suffering, cribbing and complaining about their problem without going to a Financial doctor till he really decides that he really wants to get rid of the problem and is ready to pay the price.

More often than not, many patients in both the cases violate the instructions from the doctors which results in either not getting the desired result or a long time to get the results and the normal tendency is to blame the doctor.

The financial doctors are the leaders from Networking business. A doctor is looking for people who are suffering who wants to be cured and charges a certain fee. Both benefit out of each other. A Network leader is also looking for people with financial problems whom he can show, guide and help so that he can come out of his financial problems. Both benefit out of each other in this case also.
If you lose faith on the doctor and do not follow his instructions you wont get the results. This is true with network business also and more often than not, people fall prey to "Free opinions" from less knowledgable people and lose faith on a person who is ready to invest his time to help him.

Aug 15, 2009


Balancing Your Life

There was this very ambitious and successful executive who was given the charge of setting up a project for his company. He was very busy and aspired for a raise on completion of the project. One day he fell sick. He was asked to get some medical investigations which he ignored because he thought he will waste time and the project will get delayed and he will miss out his promotions. Few weeks later his condition deteriorated and he had to undertake the investigations which revealed that he has a terminal decease which in few weeks has become irreversible and he had only 30 days to live. Suddenly the project and his ambition became insignificant. He resigned immediately and expressed his desire to spend the remaining days with his loved ones.

What is the lesson ? How would we actually like to spend our time? What are our priorities ? What will make us happy ? Do we have a balanced life ?

There are six major areas in our life … The 6 F







If we decide on the priorities on the 6 F and allocate 10 on a scale of 1 – 10, and draw a graphical representation, it becomes a perfect circle. But when some areas of life are getting less time and some take more time, the graphical representation is a not a circle. The wheel of our life can not move forward smoothly.

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We all aspire to have a balance in all areas. Many times we get involved in few areas and neglect the other areas. At some stage, the neglected areas start showing the adverse results which affects all the areas. We can easily review and take corrective actions only once we understand the importance of having a balanced life.

Aug 5, 2009


What is an opportunity ?
Dictionary defines it as
a. A favorable or advantageous circumstance or combination of circumstances.
b. A favorable or suitable occasion or time.
c. A chance for progress or advancement.

Some Opportunity Quotations
  • The meeting of preparation with opportunity generates the offspring we call luck.(Tony Robbins)
  • Your big opportunity may be right where you are now. (Napoleon Hill)
  • Opportunity often comes disguised in the form of misfortune, or temporary defeat. (Napoleon Hill)
  • The ladder of success is best climbed by stepping on the rungs of opportunity.(Ayn Rand )
  • Ability is nothing without opportunity. (Napoleon Bonaparte)
  • The more you seek security the less of it you have. But the more you seek opportunity, the more likely it is that you will achieve the security that you desire.(Brian Tracy)
  • Sell a man a fish, he eats for a day, teach a man how to fish, you ruin a wonderful business opportunity. (Karl Marx)
  • There is no security on this earth; there is only opportunity. (Douglas MacArthur )
  • Entrepreneurs are simply those who understand that there is little difference between obstacle and opportunity and are able to turn both to their advantage(Niccolo MachiavelliC
  • Equal opportunity means everyone will have a fair chance at being incompetent. (Laurence J. Peter)
  • If a window of opportunity appears, don't pull down the shade. (Tom Peters )
  • There is far more opportunity than there is ability. (Thomas A. Edison)
  • Opportunity is missed by most people because it is dressed in overalls and looks like work. (Thomas A. Edison )
  • The follies which a man regrets the most in his life are those which he didn't commit when he had the opportunity. (Helen Rowland )
  • Courage is the greatest of all virtues, because if you haven't courage, you may not have an opportunity to use any of the others. (Samuel Johnson )
  • The only thing worse than an opportunity you don't deserve is blowing an opportunity. (Michael J. Fox)

Business opportunity
What is Business opportunity ? A business opportunity, in the simplest terms, is a packaged business investment that allows the buyer to begin a business. There are two types of business opportunities
1. Traditional Unlike a franchise, however, the business opportunity seller typically exercises no control over the buyer's business operations. In fact, in most business opportunity programs, there's no continuing relationship between the seller and the buyer after the sale is made.
2. Franchise Technically, all franchises are business opportunities, but not all business opportunities are franchises.
We shall look at franchise because it offers equal opportunity to every one
What is Franchise ?
A franchise is a right granted to an individual or group to market a company's goods or services within a certain territory or location. The franchisor (the company owner) sells the rights to the franchisee and then typically receives a fee for ongoing support, therefore having a vested interest in the success of each franchise.

- There is a higher likelihood of success since a proven business formula is in place. The products, services, and business operations have already been established.
- Bankers usually look at successful franchise chains as having a lower risk of repayment default and are more likely to loan money based on that premise.
- The corporate image and brand awareness is already recognized. Consumers are generally more comfortable purchasing items they are familiar with and working with companies they know and trust.
- Franchise companies usually provide extensive training and support to their franchisees in effort to help them succeed.
- Many times products and services are advertised at a local and national level by the main franchise companies. This practice helps boost sales for all franchisees, but individual franchisees don't absorb the cost.

- Franchises can be costly to implement. Also, many franchises charge ongoing royalties cutting into the profits of franchisees.
- Franchisors usually require franchisees to follow their operations manual to a tee in order to ensure consistency. This limits any creativity on the part of the franchisee.
- Franchisees must be very good at following directions in order to maintain the image and level of service already established. If the franchisee is not capable of running a quality business or does not have proper funding, this could curtail success.
Sometimes franchisors may be lax on their commitment to support the franchisee. Also, they may make poor decisions that would have an ill effect on the franchisee. Therefore, it is important to research any franchise concept thoroughly before signing any agreements.

Network Marketing or Multi-Level Marketing (MLM) - A business model that needs a distributor network to build the business. It involves selling products directly to consumers, as well as through a network of other agents whom you recruit. You usually earn commissions on both your sales as well as those of the other agents you recruit.
Co operative stores started membership based group of consumers where consumers get the discounts and in some places the profits are shared with the members.
Network of Consumers Networking business can also be operated based on self consumption and expansion of the group. Based on the structure of the network group and the turnover, you get an incentive which is like sharing the profits with the members in a co operative store but, in an organized way and an opportunity to earn HUGE INCOMES for people who are willing to put some effort.

Why Choose Network Opportunity ?
1. Provides an equal opportunity to everyone to fulfill their dreams
2. Low cost to start
3. No risk
4. Very low operating cost
5. Very little time can be given so you don’t have to give up whatever you are already doing
6. Proven system
7. Ongoing Support system is available
8. Guidance, help and counseling is available from experienced people in your group
9. No hassles of a traditional business which is taken care of by main partners
10. Works on the strength of all the team members so you don’t have to be good in everything
11. Success is predictable
12. Can give you an ongoing Passive Income

Network Business Models : There are two types of business models

1. Binary Model : Two teams are built, Left and the Right and each member has to build Left and Right Teams. If the Left and the Right Teams are balanced, incentives are paid. Such models generally have capped the upper limit of earnings. The common belief is that the person above will always earn more money. It is true only if he is balancing his Left & Right team. If he is not balancing but the person 3 deep below him is balancing his Left & Right team, he will earn more. Businesses which are paying only out of the amount taken from new member, keeps accumulating the amount as “Due” which you get subsequently when you balance out the 2 teams.

2. Multiple Team Model : There is no restriction on how many teams you build and so there is no upper limit to your earnings. In this people following one pipeline at a time are getting better results. A person may join at any position but if he has built more teams, his earnings are more.

Next post will talk about what one should see while selecting a Network opportunity and some of the opportunities available in India.

Jul 22, 2009

Secrets of the Rich

Hi Friends,
A person faces emotional challenges when he realises that he is not going to fulfill his dreams working on the path that he has chosen no matter how hard he tries.
In my earlier post I had written that you must choose a path that can lead to your Dreams. Most of us realize it around the age of 40 or beyond that our dreams relating to Finances, Time for Family or even Fitness are not going to be fulfilled because we are working very hard for others dreams that we have no time left for Family or even a regular fitness routine. Wealth creation ? Forget it and, at that stage we are full of responsibilities towards the family and have so much of liabilities that we can not even dare to change the path with the kind of EQ that we have acquired. We continue with the RAT RACE.
All legal and socially acceptable paths are good if it leads you to your dreams. It depends on what your dreams are.
I have talked to many people and, in India, most of them dream of a Merc or a BMW, nice house of their own and similar other materialistic possessions. Younger generation have more materialistic dreams. Their path ... JOB.
In India do you know of any salaried person who has achieved these without inheritance ?? May be very few.

So, if your dreams require you to be wealthy, watch this video carefully.
Others should also watch this as an educational video.

Robert Kiyosaki, the world renowned Financial Educator, known for simplifying the explanation of complex financial puzzles, needs no introduction.

Jul 21, 2009


Let me begin with giving a brief introduction about how the movie came into existence. It’s based upon a book which too is called ‘The Secret.’

I will begin by telling you something that the author said, “A year before I wrote the book, my life had collapsed around me, I worked myself into exhaustion. My father died suddenly and my relationships were in turmoil. Little did I know at the time, that out of my greatest despair was to come the greatest gift. I was given a glimpse of a great Secret.”

She began tracing the secret back through history. The secret was buried. The secret was coveted. The secret was suppressed. The secret was never revealed to the public.

She couldn’t believe the people who knew this. They were the greatest people in History. The names include Plato, Shakesphere, Newton, Hugo, Beethoven, Lincoln, Emerson, Edison, Einstein.

She said all she wanted to do then was to share the secret with the world. She started searching for all the people alive today who know the secret. One by one, they began to emerge.

And these are some of the quotes from the movie.

Knowing the secret gives you everything you want. Happiness, Health and Wealth.

Bob Proctor (Philosopher)-- You can have, do or be , anything you want.

Dr. Joe Vitale (Metaphysician)-- You can have whatever it is that you choose.

No matter how big it is.

John Assaraf (Entrepreneur).-- What kind of a house you want to live in?

Which car would like to drive?

Do you want more money?

What kind of a business would you like to have?

Would you like to be a millionaire?

What do you really want?

‘The Secret is the answer to all that has ever been, all that is, and all that will ever be.’

You’ve probably been sitting there wondering ‘what is the secret’.

Those of you who have faith, an open mind, and who dare to dream, will make a note of this website.

You can get more information about the movie and those of you who honestly believe in themselves and want to make their dreams come true, will order the movie online. It will cost you around Rs. 600.

This movie is so good, that I want to request you to not make copies of this if you get it. If you are purchasing this movie, consider it as an investment.

Link to the site " The Secret " :

Jul 10, 2009

Lessons for Life

I came across some wonderful quotes, inserted them on some beautiful flower photos because when you see beauty, the mind is more receptive.

This is the first step if we want to achieve anything in life because it is the dreams that everyone of us are pursuing. In our pursuit, some of us let our Dreams fade away, some allow it to be stolen by others knowingly or unknowingly. Some of us confuse Dreams with path which is just a means we have chosen to fulfill our Dreams.
Many of us don't know what Dreams are because we are surrounded by Nightmares.
Wishes are NOT Dreams.

Optimist is a person who has Hope alive in him.
Good Life is the biggest Enemy of Great Life and makes us pessimist when we make excuses for not making certain efforts

Oh Yes !! Opportunities don't knock your doors everyday. But those who are looking for opportunities, will certainly see them.

Opportunities are always opportunities and are never stupid. It is the people who make it big are Great and people who do not recognise an opportunity or link it or compare it with something they had seen earlier or, who do not make it because of their comfort zone or pessimist thinking are Stupid

Many of us keep waiting wanting to grab a big opportunity.
Opportunities are simply opportunities and when we start feeding it with right effort, it starts growing.
Some one asked " Who are the great people who were born in this town ? "
A simple man answered " None. Only babies are born in this town".

Jul 3, 2009


Having been given the perfect situation to practice my patience I was thrilled to find the following quotation online.

Patience is a reflection of the peaceful mind. My peaceful mind is able to cope with all situations without becoming disturbed and agitated. It calmly accepts the resolution of circumstances and, with this patience acquires the power to deal with all situations.

~ Brahma Kumaris, Mt Abu.

The development of a peaceful mind is so important to so many opportunities in life, and it so often appears that the agitation a
nd stress we put on things delays the completion of situations and circumstances. I find myself wondering what else can be achieved with calm focus and a peaceful state of mind.

Jul 1, 2009

Bucket Carrier or Pipeline Builder ?

"Parable of Pipeline" by Burke Hedges
A simple yet a very powerful concept explained in a very simple way by Burke Hedges in his book "Parable of Pipeline".

If we are working for money spending maximum time at work and neglecting our family, health. hobbies and entertainment; a time will come when we may have regrets because we were unable to have a balanced life and time doesn't wait for any one.

A bucket carrier gets paid only as long as he carries buckets of water. Bucket symbolises individual performance based work. Due to health, sickness, age or recession or even disliking by boss or politics to replace you with some favoured person , we may not be able to perform but the requirement for money doesn't stop. Infact, it increases most of the time.

A bucket carrier is mostly under pressure and a stressed person due to the knowledge that he may not be able to perform for reasons beyond his control. He lets the other factors control his life and feels insecured. All of us think that we will save & invest money in the traditional manner and when enough is saved that they feel secured the they will pursue the neglected areas of their life. 90 % people never feel secured and keep working thinking that this is the way of life.

A pipeline builder understands the power of leveraging time, effort, money and knowledge. Using these, he builds pipelines so that the water continuously keeps flowing even if you are not continuously performing. The big business people build pipelines of workers, investors, knowledgeable advisors and puts them into a system where they keep performing even when he is not performing. Even in the pipelines, if some are not performing, the work goes on by replacing non performers.

A pipeline builder has earned time freedom to balance his life. He has made use of a system to give him an income which is flowing in continuously even when he is not performing. Time freedom allows him to build more pipelines and diversify. An employee is mostly scared of diversifying because he feels that he may not have time to put effort. He doesn't have time, money and the required knowledge of system, leveraging and building pipeline. He is also not in a capacity to take any risk. Where as the big business people are again & again diversifying by opening new business every now and then.

Burke Hedges explains many different ways of building pipelines with no risks and 10 % effort which means, you build pipeline as a diversificastion and not as an Alternate to your job.

Jun 23, 2009

Success Formula

Success has different meaning for different people and is not measurable.

Financial success is measurable. Most of us in our hearts do want financial success but due to various reasons, we are not ready to declare. One main reason is the fear of failure. Also we have been made to believe that money is the root cause of evil. Money is only an instrument. It is good or bad depends on how we use it. A knife in the hands of a criminal can take life but in the hands of a surgeon can save life.

Financial success has a very simple formula

Financial success = Dreams (Can be nightmares)… X… Work …. X…. Path

Dreams :- Everyone has dreams inside us which is the driving force for us to keep putting efforts. When we are young, the dreams are clear but unfortunately as we grow older it hides in the subconscious mind and starts gathering dust. Try listing out 100 dreams on a piece of paper. Young people will be able to list them but it is difficult for people who have crossed 40. Successful people never let go of their dreams and makes them their Passion. Others turn them into wishes.

Here is a quote from Reliance table calendar of 2003

“ Our dreams have to be bigger: Our ambitions higher: Our commitment deeper:

And our efforts greater: This is my dream for Reliance and for India.”

Here are some simple steps to identify your dreams and turn them into passion and not a mere wish

1. Write down at least 100 dreams in a nice notebook with one dream on one page preferably supported by a picture. You can categorise them as under

a. What you want to be

b. What you want to do

c. What you want to have

2. Go through it every day. It will probably take just 2 mins.

3. Paste the pictures of your dreams on your fridge, mirror, car or even your desk top.

4. Start visualizing your dreams

Work :- We all generally are hard workers. The key lies in “to love what we do”

1. We must make efforts to diligently choose what we love or

2. We start loving what we choose.

Work also involves two important things

1. Learning relevant things. After our academic education when we enter the arena of “Real Life” we slowly realize that a bigger part of our academic education is not relevant to what we are actually doing. Successful people learn to develop :-

a. Positive attitude

b. Trust, relationship, faith

c. System

d. Leveraging

e. Building Teams

2. Applying what we have learnt. We have often heard this “ Knowledge by itself is nothing but knowledge when applied becomes power “. You may have come across people saying “Pay peanuts get monkeys” or “ Why should I put more effort when I am paid less”. Right learning and working with right attitude will always put you on a growth path.

3. Right priority :- There are many areas where we are working eg job, family, education, physical and mental health etc. Successful people have learnt to give priority to each area and will not let lower priority to overtake the higher priority. Most of us have our job as our first priority by default. So, when a guest comes home at a time when you have to go for your job, we tell our guest to relax at home or attend to his work and we shall meet after we come back from our work. Often, people take up some opportunity shown to them but do not give it any priority thus inconsistently doing the activities which results into slow or no growth at all. They either blame the opportunity itself or their circumstances.

4. Comfort zone :- It is said that “Enemy of a Great Life is Good Life”

Path :- A path is a means to accomplish your dreams. A path should be chosen which has the capabilities of accomplishing your dreams. Often we confuse the path with our dreams. There was a pilot who got his flying licence but did not get a job for a long time due to demand and supply factor. He said that his dream was to fly. He was offered an opening to flying job but with half the pay that he was drawing in a non-flying job and a long contract. He declined. He then realized that flying was not his dream. He was actually attracted to the money and the glamour associated with flying.

Many of us are shown paths known by our elders. They have limited knowledge which they pass on to us and we enter that field. Along the way we realize that the path they have chosen is not going to fulfill their dreams. An average person realizes it a little too late and is unable to take decisions because he has responsibilities, he is already in the rat race, his risk bearing capacity is low and he has the fear of unknown.

Today there are a lot of opportunities but only those who are looking for them will be able to see. There are all types of opportunities which opens the doors to our dreams. There are part time risk free opportunities created for ordinary people giving them hope. Any new idea meets with lot of skepticism. It takes time for an idea to mature and then it grows. In 1980, the idea of computers in homes, the idea of Bisleri and the idea of mobile phones at affordable price are some of the examples which met with skepticism but are a reality today.

“Often people think opportunity is a matter of luck. I believe opportunities are all around us. Some seize it. Others stand and let it pass by”. From Reliance table calendar of 2003.

“ Think big, think fast, think ahead. Ideas are no one’s monopoly”.

Jun 22, 2009

Income generation methods

Everyone needs income. Only those who have enough for their needs say "money is not important".
Let us understand the ways available to us for earning income.

Robert Kiyosaki in his book "The cash Flow Quadrant" explains the 4 ways of earning income

1. (E) Employee :- These are people who are in jobs trading their time and knowledge for a fixed income. They are working for others dreams. Robert Kiyosaki says that very few people have created wealth following this path. Why would you work hard all your life for something which you can't own, pass it to your children or sell it ? You retire with a 40-40-40 plan. Work 40 hours a day for 40 years and retire with 40 % of income to maintain your lifestyle.

2. (S) Self Employed or Small Business:- These are people like CA, doctors and consultants who are trading their time and knowledge for income. Also the business people who have to be always present to run their business ie shopkeepers, small manufacturers etc.

3. (B) Business :- Big business people who use a system, leverage their time and money by building Teams from E & S quadrants ( workers, contractors and investors) to run their business. Their business runs even in their absense because of the system and thus, they are free to use their time to expand their business, diversify or even enjoy. These are people connected with their Inner Passions (Dreams) and living that passion daily. They are charting their own course and are master of their own destiny.

4. (I) Investors :- These are people who have enogh income coming from their investments to take care of their lifestyle. They are not working for money but their money is working for them. But to invest you have to have a lot of money, time freedom and most important, a certain EQ.

Left Quadrants (E) & (S) 90 % people are here chasing 10 % money. They are working for money and have ACTIVE income. They are " Living their lives at the mercy of others".

Right Quadrants (B) & (I) 10 % people are here enjoying 90 % of the worlds wealth. They have created PASSIVE income and do not have to work for money any more.

The basic difference between the Left & the Right side is the core values or their way of thinking. Those who attempt to move from Left to Right without changing their thinking, have to face a lot of struggle from within. Some of the areas of struggle are :-

1. Creating a deep passion & commitment without letting their Dreams becoming hazy.
2. Belief in a system & belief in their own capabilities
3. Moving out of their comfort zone
4. Resistence to learning the right things
5. Changing our own habits and developing the habits of successful people.
6. EQ or the emotional qoutient responsible for our actions, reactions, fears and decisions.

Anyone moving forward faces problems but a successful person calls it challenges and overcomes them to keep moving forward. A WINNER NEVER QUITS AND A QUITTER NEVER WINS.

Choosing the right quadrant for your income generation

1 Identify your dreams. Don't mix them with income generating path which are just means to get your actual dreams.
2 Choose a quadrant which will help you achieve your dreams and look for different possibilities in that quadrants which meets your requirements.
3 Be passionate about your dreams and the path you have chosen and pursue it with clear Focus and inner clarity.

Consult some knowledgable people

Jun 21, 2009

A Complete Package

Robert Kiyosaki in his best selling book "Rich Dad Poor Dad" gives an insight to Wealth creation.
Burke Hedges in his book "Parable of Pipeline" shows us the benefits of building "Pipelines".
Network businesses are using these concepts and have made available to even a common person a "Risk Free Opportunity" with huge potentials of Wealth Creation.

No business works by itself; it is the people who make it work.
There are some pioneers who understood the potential, put efforts to spread the awareness and opened the doors for everyone. As the awareness is spreading, the growth is expected to rise exponentially.

The concept is wonderfully designed in such a way that when you help people to grow then only you grow. Since it is absolutely opposite to the common practice where you grow by stepping on others, it is hard to digest the concept thus making people suspicious.

Those who have succeeded by helping others to succeed, term this as "A Complete Package"