3/2/2021 Tip: 2 Overlooked Assets to Build | Growthink

3/2/2021 Tip: 2 Overlooked Assets to Build

Today’s Quote

“Go for it now. The future is promised to no one.”
~ Wayne Dyer

 

Today’s Tip

Yesterday I talked about the importance of building VAs or valuable assets.

Here are two overlooked assets to consider building right away:

  1. PPE (Plant, Property and Equipment): When I was a teenager, I made a lot of money shoveling snow. I used that money to buy a snow blowing machine. Equipped with the snow blowing machine, I was able to remove snow ten times faster than my competitors. This allowed me to dominate the market.
  2. Partnerships: I’ve created several partnerships with major websites and organizations to be the only business plan provider they promote. This excludes my competitors from working with those organizations and serving their customers.

 

Today’s Resource

5 Steps to Build Wealth as an Entrepreneur

If you want to actually build wealth as an entrepreneur, you need to do things differently than the average entrepreneur. 

And some of the steps are pretty unusual (and counter-intuitive).

Below is the 5-step checklist that every wealthy entrepreneur I know has followed:

Step #1. Fire Yourself 

Step #2. Diversify

Step #3. Build Value

Step #4. Build Continuity

Step #5. Execute the Sale

Want to learn more?

I walk you through all of those steps on this page

 

Trivia 

Today’s Question: Pepsi’s slogan “Come alive with the Pepsi generation” was translated a little too literally when the company began using it in advertising in Taiwan. What did the Taiwanese ads actually end up saying?

Previous Question: Tupperware, Tastefully Simple, and Pampered Chef are a few of the companies that sell their products through the “Party Plan” method of direct sales. Though selling products is one of the goals of this business model, what is considered the main goal for the demonstrators?

Answer: Booking future parties

With this business model, there needs to be a constant schedule of future parties for the demonstrator to be successful. This is usually achieved by offering those willing to host a party free gifts based on the amount of sales the party generates.
 

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