Think Sharp, Work Smart (The Compendium)

1. Put Yourself Out There

If You Don't Do Something...Nothing Good Will Ever Happen

At eight years old, Cameron Johnson saw the movie Home Alone 2: Lost in New York. A great deal of the movie had been filmed at the Plaza Hotel owned by Donald Trump in New York City. After seeing the movie, he struck up a deal with his dad. The deal included a trade of straight A's for a trip to New York with a stay at the Plaza Hotel.

Without his parents knowing, Cameron wrote Donald Trump to tell him he would be coming to Manhattan. He did not get a response in the mail, however, Donald had a surprise for Cameron when they arrived at the Plaza – a stay in the same room the movie was filmed and an exclusive shopping spree at FAO Schwartz. If Cameron never would have put himself out there by writing that letter to Trump then he would have missed out on this once in a lifetime experience. You have to put yourself out there!

2. Do What You Love

You Have to Love What You Do So Much That You Would Almost Do It For Free

Few succeed as an entrepreneur if they are not passionate about what they do. In fact, Bob Proctor says that "You really have to be passionate and love your idea. It has to really wind your stem." You will never get through the difficult times in business, unless what you are doing is truly your heart, your passion, your love and there is nothing else you would rather do. The good news is that although you love it so much you'd do it for free...you don't have to. Make money doing what you love and you will be successful.

3. You Don't Have to Invent Anything

As an Entrepreneur You don't Have to be an Inventor - Rather Transform Something That Exists to Be What Some People Want

Dr. Farrah Gray became a millionaire marketing his grandmother's maple syrup recipe. Did he invent maple syrup...no! Did he have something people wanted...YES! There is no reason to reinvent the wheel.

It's like two children selling lemonade... One stand is selling sugar free lemonade and the other strawberry-infused. Although their both selling lemonade, they have transformed it to be unique to them and to their customers wants.

4. Beat Overwhelm With Focus

Don't Think of the Thousands of Steps You Have to Take... Focus on What You Need to Do Today

Few entrepreneurs start out with a clear and precise road map to success, so it's easy to understand how you can become overwhelmed quickly. Self made multi millionaire, Apprentice and YES Movie cast member Andrea Lake was in that boat when she started one of 5 successful companies.

She didn't have a clear plan other than she wanted to sell shirts... Andrea tackled the overwhelm and self doubt by only focusing on what she had to do on each given day to reach her goal.

5. Find Mentors

Who You Surround Yourself with Can Make Or Break You

Ephren W. Taylor II discovered the importance of mentors and who you keep company while still in high school. As a 17 year old working on what would become a multimillion dollar venture, Ephren was repeatedly told no, because he didn't have his own credibility. Aligning himself with strategic partners and mentors, Ephren had the opportunity to use the credibility of his mentors to gain financial backing. Your mom always told you to be careful who you hang out with...turns out she's right!

Regards,

Chandan Mundhra

Ultra Rich Organisation

India