Motivation For Life

I asked a friend last night… How to cope with the repetitive cycle of the daily grind?

She just answered: Motivation and rest. Also, look up to people who are enthusiastic, and soon you’ll pick up on their vibes.

I’ll keep that in mind… Thanks.

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Great Advice From Seth Godin (Which Somehow Was The Exact Thing I Was Thinking About)

To quote Seth Godin on one of his latest blog posts:

The problem with putting it all on the line…

is that it might not work out.

The problem with not putting it all on the line is that it will never (ever) change things for the better.

Not much of a choice, I think. No risk, no art. No art, no reward.

This really resonated with me. As you know, I have been actively searching for my true passions but at the same time I used it as an excuse to be inactive and non-productive (ended up playing lots of SC2). Now that i’ve decided to get back on my internet marketing biz while waiting for inspiration and ideas to flow in, I find that it helps me keep my brain juices flowing and help ideas flow in more naturally. Seth’s blog post came at the right time and validated my new beliefs about taking any action is better than nothing at all. Thanks Seth!

Setting Yourself Up To Win: How To Keep Good Habits (And Avoid Bad Ones!)

Just for fun..hehe.. Tell me what you guys think!

Things I Must Remind Myself To Do

  1. Re-evaluate my personal and business life using the 80/20 principle every week to eliminate low value activities
  2. Make it a point to keep in touch with old friends
  3. Do things differently
  4. Say ‘Yes’ for a change
  5. Slow down and don’t think too much

Lesson One: Start With The End In Mind

For my first lesson, I decided i’m going to find out what are the exit strategies available in running a business. I mean, we should always start in the end in mind right? I’m a pharmacy-school grad and when it comes to running a business, I’m totally clueless, but im determined to becoming the best in it! So exit strategies shall be my goal today. This has been bothering me quite awhile. What are the exit strategies available in running a business?

To sum it up, here it is:

A successful international business may not offer you regular profits simply because it is necessary to continue investing in the company in order to sustain its international growth.
So if you wanna profit big time in this situation, you need to have an exit strategy.

-Acquisition – Just like how a bigger company whallops a smaller company’s resources, staff, assets etc.

-IPO (Initial public offering: Going public and offering your shares to the masses) – you need to make millions worth of revenue (not sure how much) per year and it cost tons of legal and accounting fees

-Liquidation – brings in the least money as you have to sell of your assets at shitty prices, find buyers and pay off your creditors

-Passing it down to family members – oh yeah

More here:

Business Exit Strategy : Got One?

The Real Journey Begins

Today marks the first day I re-embark on my business journey. After a brief confrontation with my brother and myself, i’ve come to realized that I may have been cheating myself all along. I have to face the facts and be honest with myself… Has my IM business been giving me the results I want? To be honest… no.

I decided to take IM (internet marketing: something i’ve been dabbling with for the past 2 years) slow and start reinventing myself, doing some exploration in business and most importantly, learn what needs to be learnt about running (or owning) a practical, sustainable, profitable business.

This phrase has been stuck with me recently:

The definition of insanity is doing the same thing over and over again and expecting a different result…

Now i’m feeling quite lost. Where do I begin? What am I passionate about? What am I good at? Where do I start? Alot of questions have been poking my mind. I guess I didn’t have the courage to face myself until now. It’s not that IM doesn’t work. Maybe I didn’t do something right. But whatever it is, the knowledge I know and the stuff I have been learning and experimenting with has left with me not much results (financially).

However, I did learn a great deal about online marketing and perhaps now I am more ready than ever to start embarking on my business journey.

In case I forget, here are my top 3 goals for the years ahead:

1) Study Why Successful Businesses Work

2) Discover My True Passion Through Experimenting, Learning And Being Open.

3) Find My Point Of Maximum Contribution. – Alone, In My Organisation (Store Pharmacy) and my Own Businesses

Here are some books that I have to get:

The Star Principle by Richard Koch

E-Myth

Linchpin by Seth Godin

And finally, I shall strive to be in the 2% of the population who are truly happy who follow this simple guideline:

“Work” should be:

1)Something you’re good at

2) Something you enjoy

3) Makes a hell lot of money

One more thing to add to this random by important post: I shall take things in stride and not get too franctic in the journey to chase money. As Brian Tracy says (or was it Mike Reining): Aim for at least 1% improvement everyday.

My Thoughts On Ip Man 2

Hey guys!! I know the Ip Man 2 hype has died down already but I still find myself YouTubing his fight clips. Can’t get enough of it :)

Two things about this movie really impressed me:

The first is the storyline. Amazingly beautiful. If you haven’t watched it already, its about the struggles a  martial artist (Wing Chun) has to face to earn a living during harsh times. The setting is olden day Hong Kong which is under the colonization of the British empire.

Kung Fu schools were rampant but their activities were tightly controlled by a corrupt constable from the police force. Ip man must struggle with poverty and also resistance from competing Kung Fu schools. Will he have what it takes? Will he find a way to spread the art of Wing Chun peacefully and unite the Chinese community?

The second thing that really amazed me was the amount of work that has to be done to create this movie. Hundreds of crew members and actors worked hard day and night meticulously to make sure that ever scene is perfect. Director Wilson Yip would not settle for less. It’s his style. Together, they really created the whole feel of the storyline and it feels that you can relate to the main character’s plight.

Speaking of main character’s plight, I’m sure we all as human beings can relate to his struggles, one way or another. We all face hard times now, do we? A friend once told me, it’s how you see things that counts. Tony Robbins said the same thing: Nothing has any meaning except the meaning you give it. You might have had the worst day of your life, but if you choose to see things in a lighter view or positive manner, you can overcome anything! I always tell myself and others, tomorrow is a brand new day, fresh blood, fresh energy, fresh start.

I sincerely urge you guys to catch the movie if you haven’t already, and hope you can draw inspiration from this movie as much as I have.

How To Create More Time In A Day?

I wish I had more time in a day!

That is probably one of the most common statements you hear in the office. But truth be told, we all have 24 hours in a day. It is how you use your time that is most important.

 The key to having “more time” is to maximizing your time on high value productive activities, and at the same time eliminating low value activities. -Brian Tracy

What this means is, make the hours you have count. Spending hours on MSN and Facebook will not bring you forward in life. When you look back at it, its more time wasted because it did not really serve you any true purpose. If you want to catchup with friends, it is way better to call them out for dinner or lunch, that way you can kill two birds with one stone, since we all have to eat everyday.

Another time saving method, especially for avid learners, is to invest in audio books. Statistics show that people spend 30% of their working lives commuting. So, might as well listen to some educational material rather than listening to radio stations that lower your IQ.

Multi-tasking is not always the best way to free time. If you really want to get things done fast, focus on having short bursts of productive effort to maximize output. Close MSN, Facebook, the door, switch off your handphone or just eliminate all forms of distractions to make the best out of your “productive time”.

One more thing… The amount of results you get does not depend on how much time you put in, but rather on the amount of time spend on high value activities.

Btw, another important skill in achieving more in a day is through leveraging. Like I said, we only have 24 hours in a day, but if we can hire people to do our tasks for us we can achieve much more in a shorter amount of time.

 

I Got Mail Today

An unexpected package for me arrived today from US….

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Ezine Article Expert Author Recognition

Ezine Article Expert Author Recognition

Wow, it feels great to know that your work gets appreciated. For those who still are still blur, I have been writing and submitting articles to EzineArticles.com as an author on internet marketing trends.

You can check our my articles here <<<

Thank you EzineArticles! :)