Tuesday, February 05, 2008

Teaching kids about business -- think BIG!

I was teaching the BMW workshop (http://businessmodelworkout.blogspot.com) again today to a group of 15 students, aged 18 to 22, and they seemed extremely interested about business and entrepreneurship.

One point I stressed today, which I did not previously, is that WHATEVER the sales goal they set for themselves, they WILL achieve that goal.

Usually, participants set a first-year sales goal between $40,000 and $60,000, but this kind of goal is more fitting for an employee. An entrepreneur leverages a system, and NOT his person, therefore he should think BIGGER.

A sales goal of $1,000,000 in the first year or first two years would be acceptable.

The goal you set for yourself is like a certain amount of space that you create in your heart, mind and life.

If you set a small goal, then you create a small space. If you set a big goal, then you create a BIG space into which a great many ideas, resources, coincidences, insights, opportunities, people, assets, books, knowledge, etc. will flow.

Your goal is like a cup: if you have a small cup, then even if the universe pours a LOT of water into your cup, the water will eventually overflow and you will LOSE the surplus water.

But if you have a big goal (i.e. a big cup), then your cup can receive more from life, from other people, from the environment, from everything that is out there and that is reserved for you!

In other words, whatever you are ready for, IS ready for you.

For instance, let me share with you my secret plan about Linkedin. I plan to recruit every single Linkedin user and turn them into a business associate. And last time I checked, there were 17 million of them.

"Business associate" means they work for me and I work for them, and together, we make fabulous sums of money.

Why do I choose Linkedin? Because most people on that site seem very professional and, most importantly, they hold responsible jobs. Yet most of them -- at least from what I can infer from their profile -- are not doing work that they feel passionate about, nor are they doing work that is profitable. Still, they have enough discipline and professionalism to succeed at their job.

So by associating with me and being guided to FIND the work they are passionate about which is also more profitable (because they will OWN the work/products they create), they will do EVEN BETTER.

My point is that you don't have to struggle alone when you strive for financial independence. And because you can work with others through the creation of win-win partnerships (which is actually one of Stephen Covey's 7 habits of highly effective people), you CAN set BIG GOALS.