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Old 07-04-2009, 11:57 PM   #1
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Default You're the reason why you're broke!

I was talking to a group of people yesturday about my offline service business. I appraise businesses for $1500 up to $5200 each.


All they could talk about was "the economy is this and the economy is that" and "are you sure you're in the "right" business" and my favorite...."How can someone afford to spend that kind of money on a appraisal in this economy". (good grief,they do and they will)

I said "who gives a damn about how bad the economy is."

"Business does not stop because of the economy. There are lots of people still making lots of money even in THIS BIG BAD ECONOMY!"

I started to think about why people fail in life. Mainly because they only want to do things when everything is "gravy, easy and all good".

Well, no one has ever succeeded on a grand scale with those terms and conditions. Look at how many businesses were started and succeeded during the great depression.

To begin, not all was gloom and doom during the Great Depression. It was a time when those who knew what they were doing made great economic strides and the very nature of the depression itself was an economic boom for them.

It was a time when several companies benefited from aggressive marketing while their rivals cut back.

A good example of that would be Kellogg besting C.W. Post during that time. Consumers didn't totally stop spending during the depression, most just looked for better deals and the companies providing those better deals came out stronger after the depression ended.

When spending picked up, consumer loyalty to those companies remained.


My point is stop making excuses and get busy, it has nothing to do with the economy, it's the guy/gal you see in the mirror everyday that's holding you back!


Ron

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"Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody"
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Old 07-05-2009, 12:45 AM   #2
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Default Re: You're the reason why you're broke!

While I agree in general, I must admit to being puzzled about where you are finding your audience.

Although I am no longer able to be actively involved with businesses, I have yet to find the crisis to be used as a reason for taking or not taking any particular action - most people I talk to are finding ways to capitalise on the situation.

You might not like what I say - but I believe it.
Build it, make money, then build some more
Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!
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Old 07-05-2009, 12:54 AM   #3
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Default Re: You're the reason why you're broke!

Just because you don't meet these folks does not mean they do not exist.

I was out having drinks and like the outgoing guy I am, started to engage in conversation. That's how I met them.


Not everyone thinks like you and me. There are LOTS of people that are scared to death to do anything. No matter what the economy is doing good or bad.

Someone in the group told me they could not do what I'm doing because "they like to know where theere next check is coming from".

Many people think that way. It's not usual. To me it's directly related to what's in their bank account.

I posted this to offer motivation to those that are on the fence.

Quote:
Originally Posted by artwebster View Post
While I agree in general, I must admit to being puzzled about where you are finding your audience.

Although I am no longer able to be actively involved with businesses, I have yet to find the crisis to be used as a reason for taking or not taking any particular action - most people I talk to are finding ways to capitalise on the situation.

"Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody"
-Henry Wadsworth Longfellow
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Old 07-05-2009, 07:07 AM   #4
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Default Re: You're the reason why you're broke!

What hold people back are looking themself in the mirror, and ask, what am I so afraid of?

People are full of "excuses" as mentioned here on the WF, but if we want to speak in psychological terms, they simply has biases towards thinking a certain way towards life.

Most outside entrepreneurship put concern in to fit in and being comfortable about their life, but they put too much value on what they contribute, instead of what they COULD contribute and earn in society. If they only started to reflect and think about the possibilities.

Most people put little thought in to thinking about their own life. So we then get stuck living the life as we see fitting from TV, and friends and family around us.

Going out and breaking any norms, are seen as fugly and almost unnetchical, as we have to put up with the 1-2-3-4 stages.

1, Go to school
2, Get in to college
3, get a 9-5 job
4, repeat step 3

We should try to think for ourselvs instead, and stop being concerned about what others are doing and not.
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Old 07-05-2009, 07:11 AM   #5
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Default Re: You're the reason why you're broke!

This does not relate only to business, but indeed to every field in life: sentimental relationships, family ties, happiness-hunting, etc. Most people search for excuses to justify their downfalls instead of analyzing their own mess-ups that should be avoided the next time around.
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Old 07-05-2009, 08:09 AM   #6
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Default Re: You're the reason why you're broke!

Ron:

I agree with your "kick axx" mentality. It is the poverty thinking mentality that holds most people back in life. If more people would focus on the question: "What can I do to succeed" instead of "Oh, boy - I hope I don't fail" our world would be much better off.

"Whatever the mind can conceive, and believe - it can achieve."

That quote registers TRUE - Period.

Thanks for this post Ron.

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Old 07-05-2009, 09:48 AM   #7
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Default Re: You're the reason why you're broke!

Great post! Learned something of value from here with your flow of the Great Depression.

Winners find opportunities to win, no matter the situation.

Losers just leech on the wave...

And that is but all so common. From where I come from, everyone is always talking about the bad economy.

Jeff

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Secret Technique Effortlessly CATAPULTS YOUR Opt-In Rates By: 100%..200%..Even 400% Higher!
>> Interested? Click to find out more.. <<
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Old 07-05-2009, 11:13 AM   #8
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Default Re: You're the reason why you're broke!

Just because you don't meet these folks does not mean they do not exist.

I'm sure they do but, like I said, I've never heard anybody complaining about the economy or using it as an excuse. What do you say to start them off?

You might not like what I say - but I believe it.
Build it, make money, then build some more
Some old school smarts would help - and here's to Rob Toth for his help. Bloody good stuff, even the freebies!
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Old 07-05-2009, 11:25 AM   #9
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Default Re: You're the reason why you're broke!

Quote:
Originally Posted by Magic Johnson View Post
What hold people back are looking themself in the mirror, and ask, what am I so afraid of?

People are full of "excuses" as mentioned here on the WF, but if we want to speak in psychological terms, they simply has biases towards thinking a certain way towards life.

Most outside entrepreneurship put concern in to fit in and being comfortable about their life, but they put too much value on what they contribute, instead of what they COULD contribute and earn in society. If they only started to reflect and think about the possibilities.

Most people put little thought in to thinking about their own life. So we then get stuck living the life as we see fitting from TV, and friends and family around us.

Going out and breaking any norms, are seen as fugly and almost unnetchical, as we have to put up with the 1-2-3-4 stages.

1, Go to school
2, Get in to college
3, get a 9-5 job
4, repeat step 3

We should try to think for ourselvs instead, and stop being concerned about what others are doing and not.
That's true, I see it for myself. Just breaking the system of working for someone 9-5 makes you different from anyone. I see it as all of my family are 9-5 workers and don't approve being an entrepeneur In their mind it's not a 'real' job. It's like u said it's unethical, not acepted by some people in society or not well perceived. Thats just from my experience. It all depends in what circle are you around.

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Old 07-05-2009, 02:47 PM   #10
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Default Re: You're the reason why you're broke!

How aobut we end it here. It seems you're the only person that does not understand it's for motivation not debate.

Sure, you'll have some that may not agree with the post BUT they understand what I am talking about.



Ron



Quote:
Originally Posted by artwebster View Post
Just because you don't meet these folks does not mean they do not exist.

I'm sure they do but, like I said, I've never heard anybody complaining about the economy or using it as an excuse. What do you say to start them off?

"Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody"
-Henry Wadsworth Longfellow
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Old 07-07-2009, 04:02 PM   #11
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Default Re: You're the reason why you're broke!

Quote:
Originally Posted by Ron. View Post
I started to think about why people fail in life. Mainly because they only want to do things when everything is "gravy, easy and all good".
You said it all right there.

Most business people are used to easier times.
They cannot believe it is not as good as it was. To me, its al labout perspective. Everything in life goes in ebbs and flows.

People in all industries are still spending some money.
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Old 07-07-2009, 04:10 PM   #12
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Default Re: You're the reason why you're broke!

I totally agree. A person's "personal economy" (i.e. his mindset and willingness to "get it done") is far more important than the state of the national or global economy.

Do not meddle in the affairs of dragons, for you are crunchy, and good with ketchup.
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Old 07-07-2009, 04:48 PM   #13
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Default Re: You're the reason why you're broke!

I love posts on this thread, including the thread starter.

If you all don't mind, it might even strongly influence my next blog post/video.

Thanks
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Old 07-07-2009, 06:28 PM   #14
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Default Re: You're the reason why you're broke!

Thanks buddy,



continueed success!




Quote:
Originally Posted by goalpower View Post
Ron:

I agree with your "kick axx" mentality. It is the poverty thinking mentality that holds most people back in life. If more people would focus on the question: "What can I do to succeed" instead of "Oh, boy - I hope I don't fail" our world would be much better off.

"Whatever the mind can conceive, and believe - it can achieve."

That quote registers TRUE - Period.

Thanks for this post Ron.

"Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody"
-Henry Wadsworth Longfellow
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Old 07-07-2009, 06:28 PM   #15
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Default Re: You're the reason why you're broke!

If you can use this post, feel free.

Quote:
Originally Posted by Jay Rhome View Post
I love posts on this thread, including the thread starter.

If you all don't mind, it might even strongly influence my next blog post/video.

Thanks

"Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody"
-Henry Wadsworth Longfellow
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Old 07-07-2009, 07:43 PM   #16
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Default Re: You're the reason why you're broke!

Quote:
Originally Posted by artwebster View Post
While I agree in general, I must admit to being puzzled about where you are finding your audience.

Although I am no longer able to be actively involved with businesses, I have yet to find the crisis to be used as a reason for taking or not taking any particular action - most people I talk to are finding ways to capitalise on the situation.
Hmm, sounds like you're talking to employees, and not business owners with overhead, employees and the books going into the red. Either that or your talking with people that are completely immune to the recession?

It seems like every "business" is using the recession as a perfect example to not do something (spend money, take risks, hire new people) while at the same time slashing whatever and whoever they can.

At the same time I totally agree with the OP and think this rational is stupid and that now is the best time ever to reinvest in your business, yourself or in a calculated positive risk!

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Old 07-07-2009, 08:17 PM   #17
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Default Re: You're the reason why you're broke!

Ron,

I know exactly where you are coming from. My real job is in the real estate industry. Some people don't know what a recession is and some are ready to jump off the tallest building. And sometimes it is a surprise which category they fit into.

The problem is the negative people will drag you down if you do not keep your guard up. Every once in a while I will find myself saying something negative and I have to stop and think...wait a minute I am employed I am making more than I did last year and the internet thing seems to be working. Things really are pretty good.

It really is all in the mind. Just read an article moments ago about how the top athletes say their success is 80 to 90 percent mental and entrepreneur's say it is 90 percent. Those are the people you want to associate with.

Wanting to start a online business? This e-book gives you step by step details to get you up and running.

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Old 07-07-2009, 08:20 PM   #18
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Default Re: You're the reason why you're broke!

My day job is in supplying workers to mortgage companies to keep up with the rising tide of foreclosures and all the work with the Obama plan. My company is going gangbusters. So it's about what business you follow and the flexibility to change that is key. Many of my friends who are brokering mortgages are in deep financial mess but can't get their heads out of what they've done all their lives. If it's the great Depression operate an affordable soup kitchen!!
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Old 07-07-2009, 08:22 PM   #19
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Default Re: You're the reason why you're broke!

that's true.

in my line of work, i see alot of people who begin IM and you wouldn't believe the excuses they give.

and it doesn't just stop at the current economy. They say things like:
* still looking for the perfect niche
* still waiting for me to teach them everything
* still learning about adsense/adwords (what's the difference)
* have found the niche, still looking for the affiliate product
* don't now how to set up the site
* .....

wooooah... if i compile their excuses, i think i can sell a 1000 page book... haha

Cheers,
TOFUMonkey, The IM Techie...
Need Tech Help? Help is on the way!
www.ImTechMastery.com
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Old 07-08-2009, 01:25 AM   #20
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Default Re: You're the reason why you're broke!

I agree with you for the most part. But I also think the reason why the ecnomy is in the state it is in is because we've overextended ourselves, too.

So it's got to be a balance of risk-taking and risk-management.
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Old 07-08-2009, 02:08 AM   #21
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Default Re: You're the reason why you're broke!

My step father owns a car dealership, and we had an arguement like this last year.

He was going to cancel all marketing, and basicly "circle the wagons". He then looks at me and says (in a very "sour" tone) "go ahead - I know you are going to say just the opposite".

And he's right - I told him I thought he should be aggressively going after customers while his competitors are tucking tale.

I even offered to spearhead some "guerilla marketing" stuff via press releases and our media contacts. The idea in this scenerio was to donate $500 of every car sold to a local charity serving a very 'hot topic of the moment' that was getting a lot of air play (the topic was, not the charity in question), and use PR to get the story out to the local press. Note - the industry average for dealers is to spend $500 in marketing for every car sold, hence I suggested just giving that $500 to charity and using only PR for the marketing that month. My idea got ZERO traction with him.

This is why I like working for myself

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Old 07-08-2009, 02:59 AM   #22
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Default Re: You're the reason why you're broke!

The kind of people you encountered are, I think, 98% of people on earth. They would be the "Poor Dad" in the book "Rich Dad Poor Dad".
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Old 07-08-2009, 08:50 AM   #23
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Default Re: You're the reason why you're broke!

I'm glad you guys are responding favorably to this post.
That's one good thing about the WF. It's for WINNERS only. With these attitudes how can you not succeed!

"Perseverance is a great element of success. If you only knock long enough and loud enough at the gate, you are sure to wake up somebody"
-Henry Wadsworth Longfellow
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Old 07-08-2009, 10:36 AM   #24
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Default Re: You're the reason why you're broke!

This is a fantastic post and all the replies therein! There is a lot of excuses and blame placed on the economy, but what are some going to do? Hide and sit it out and complain the whole time? Or come out fighting and say it's not going to take me down?

When the going gets rough... I come out fighting. I don't let anything beat me and I sure do not make excuses as to why I can't do something. I find only reasons TO DO something.

Thanks Ron!!

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Old 07-08-2009, 10:45 AM   #25
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Default Re: You're the reason why you're broke!

It is all perspective! The doom an gloomers will make more noise than those that are way to busy making the chickens lay eggs.

If the economy is so bad why do most of the fast food joints have lines during meal times! Why are the major discount warehouses booming? Take note of what people are buying or putting in their shopping cart during down times.
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Old 07-08-2009, 12:28 PM   #26
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Default Re: You're the reason why you're broke!

I picked up a fight with the guy in the mirror and ended up breaking it rather than him, lol.

Jokes apart, you are very very very (omg, Im starting to sound like a broken record now) very, right when you say that it's up to YOU to get successful. But again, the biggest struggle is one which is internal. So it takes time to REALLY understand where you lack and what's stopping you.
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Old 07-08-2009, 02:16 PM   #27
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Default Re: You're the reason why you're broke!

Quote:
Originally Posted by Ron. View Post
I was talking to a group of people yesturday about my offline service business. I appraise businesses for $1500 up to $5200 each.


All they could talk about was "the economy is this and the economy is that" and "are you sure you're in the "right" business" and my favorite...."How can someone afford to spend that kind of money on a appraisal in this economy". (good grief,they do and they will)

I said "who gives a damn about how bad the economy is."

"Business does not stop because of the economy. There are lots of people still making lots of money even in THIS BIG BAD ECONOMY!"

I started to think about why people fail in life. Mainly because they only want to do things when everything is "gravy, easy and all good".

Well, no one has ever succeeded on a grand scale with those terms and conditions. Look at how many businesses were started and succeeded during the great depression.

To begin, not all was gloom and doom during the Great Depression. It was a time when those who knew what they were doing made great economic strides and the very nature of the depression itself was an economic boom for them.

It was a time when several companies benefited from aggressive marketing while their rivals cut back.

A good example of that would be Kellogg besting C.W. Post during that time. Consumers didn't totally stop spending during the depression, most just looked for better deals and the companies providing those better deals came out stronger after the depression ended.

When spending picked up, consumer loyalty to those companies remained.


My point is stop making excuses and get busy, it has nothing to do with the economy, it's the guy/gal you see in the mirror everyday that's holding you back!


Ron

Happy 4th

Lets be sincere the economy is really affecting business activities globally except for there are country where its more severe than others. Its all depend on the your country, some are in more better position to fight off the down turn.

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Old 07-08-2009, 02:44 PM   #28
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Default Re: You're the reason why you're broke!

Awesome post Ron, couldnt agreemore.

In fact, I think how we view ourself (our self image) is completely underestimated.

I went from 231lbs to 154lbs in 10 months because I 'saw' myself as thin.

Ive now started to look at myself as 'a very successful IM'




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