Abraham Cheong - 21st Century Entrepreneur Secrets

Number 72 - Law of Investment is a very useful number for most of us when calculating how hard our money is going to work for us during investment returns calculation. Say for example , Bank is going to provide a return of 10% per annum . You would use 72/10 = 7.2 years for an investment of $10,000 become $20,000. It would give you a very quick overview whether it is going to be a good investment in terms of how long to see our money double up.

One of the key solutions when you have multiple designs of products and not sure which one would sell best to your niche market. Best is the do Natural Selection . Allow market to give you feedback from there you are able to decide which of the products you would bet all in to create maximum ROI.

Today I intend to share my feeling after a meaning leadership team 13 week program . We officially started our 13 weeks program .

Today is the 1st week . Wish everyone able to achieve your dreams with 5 star rating ! 

Business Model that will change the industry forever!

Today realised that Who You Are is What you See !

Guys never waste time to convince someone who can not see your vision.

May be your leadership of intuition is at level 9 and you will try to show someone at level 5. 

They can never see what you are trying to explain to them case their mindset is already stop at that level. 

Building up network is so important for your business!

Journal will helps us on daily ,weekly and yearly reflection.

Are growing and better than yesterday version . Journal can helps us to track this progress and improvement.

1. Energy
2. Vision
3. Commitment
4. Focus
5. Code of Conduct

Looks guys superannuation becomes very important to most people when they are near to retirement age.

Believe me or not averagely about 75% of population did not even look into their superannuation or review it to make sure it reach its full potential to benefit them when they retire.

My advice is start now then later . Go to google type in the superannuation company name + PDS . E.G AMP PDS . I will show your charge per annum based on $50,000 investment.

The lower fee the better. Again to make decision which super to join that would involve your financial advisor who has the best interest in you.

Today we are not talking about how to follow up we will discuss in the future episodes , instead we are talking about how to follow up with email sequencing and important of it

When we do advertisement , It is about the Hook "Headlines" first before anything else . 

If we do not have a good hook it is hard for us to stop the eyeballs for your Avatar to click and learn about your products and services you are going to benefit them!

Say we have a 5 years goals and we have certain skills set which is needed to achieve our goals and we do not know how to do it.

It is important to look for the right "Who"  and the right "How"  . Why? because we can never buy back the time but we can always earn back the money.

Defining Avatar is like defining who you would like to serve . To know who you want to serve would help you to decide your part of your business directions in terms of products and services pricing , design , unique selling proposition , your preeminent strategy and so forth.

It is more important to be wealthy than rich only. The question is Why ?

Say you have $2,000 after tax personal income . Your daily expense is $3,000. Basically you are running in daily $$$ negative ! This what we call 21st century "Outside Rich , Inside Poor" generation. This happen to almost 75% of population. Main reason " The Credit Card culture".

To be wealthy in simple term means say you stop working now today , you still have continuous income to cover all your expenses plus giving you extra surplus for enjoying your material and spiritual lifestyle . Running in positive cash flow $$$ . 

Guys it is important to fails faster and learn from the mistakes we made faster as well and do not make the same mistake.

Start practising "Think Out Side the Box" . The more we practising the better we are on this important skills. You will get to solve unexpected situation and challenges faster. It is one of the important skill to become a leader.

Thinking will take a lot of energy , the return is also going to be out of your expectation.

Unique Selling Proposition (USP) 

Maybe you will choose to differentiate yourself by cost.

If you own a gas and electric company, do you offer the lowest prices on heating in your area? If you’re a retailer, do you have a hot new line of clothing at the best mark-down in the mall?

If you can find a way to offer the best prices to your clients at the least cost to your business, you’ll have achieved a winning combination. Your USP could also be related to time. If you sell real estate, are you the only agent who guarantees your clients that their home will sell by a certain date?

If you own a fitness center, are you the only gym in a fifty-mile radius that’s open twenty-four hours? If you sell electronics, do you offer a warranty that’s good for up to two years, while the industry standard is six months?

Perhaps your USP stems from an exceptionally unique quality of your product. Is yours the only widget that does such-and-such? Is yours the only company that offers products in blue and gold when your competitors only offer them in pink and white?

Do you guarantee same-day delivery, or else the whole order is free? All of these things could potentially function as a powerful way to set your business apart

harnessing the potential of your USP unlocks one of the greatest secrets to exponential wealth.

“Tree wizardry that transforms your landscape, creating wonder, beauty and joy naturally.” He had it printed on the back of his business cards, estimate sheets, and all his other business forms.

The USP was specific, beautiful, and evocative; the company wasn’t just offering standard tree-pruning, but tree wizardry. As a result, the business experienced a windfall of cash, and went from grossing $500,000 a year to $1 million.

Put your USP everywhere you can—on your business cards, in your e-mail signature, and on the side of your company cars, if you have them. Wherever possible, use it as the heading or subheading of your website, or at least make sure it functions prominently on your landing page.

The more visible it is, the more people will see it. And the more they see it, the more they’ll listen to the message behind the words.

Everything start with Why!

Value Ladder is important for businesses . It apply to all industries . Only when you have design your value ladder then you stand a chance to create a viable and profitable business.

One of the secrets to become a successful in your field is continuous learning and reading!

If we only kept doing and talking we will never learn new thing and "how possible we can become a better version everyday?"

1st listening 

2nd keep reading

3rd keep quite and only talk when is neccessary

It is very important to forcus on Marketing cause it is about sending our message out to our Avatar target audience.

However most of us spend majority of our time on Branding like create the most perfect logo and non revenue generating activities.

Always know what is priority that would set our future path whether we are walking near our goals faster or slower.

It is import to share Epiphany Bridge Story during marketing , sales and closing. So what is Epiphany Bridge Story ? It is consist of Backstory , Desire ( Internal and external struggles) , your journey to hero through through obstacles of wall , cross through the epiphany that led to transformation and result you achieve.

Guys "Story" is the magic for all form of communication.

Have you wondering why what we do does not generate revenue that we are expecting or any improvement to the business ?

The answer is we have misunderstood the different between entrepreneur and business owner . Today I will share 5 minutes explain this topic.