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Opportunity #4: Products and services for the...

Posted 23rd April 2009 at 08:50 PM by wallmann

...richest one-quarter of one percent

You won't see Warren Buffett, Bill Gates, or Al Gore in a breadline anytime soon. High-net-worth folks have money to burn.

Even in tough times, being in the business of selling luxury products or services to the super-rich can be very, very profitable.

They'll still be spending good money on fashion, jewelry, antiques, art, travel, high-end estates, exotic cars, yachts, private jets, and more.

Larry Potter...
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Opportunity #5: Products we all need, no matter what

Posted 23rd April 2009 at 08:48 PM by wallmann

No matter how bad the economy gets, we still fall in love, have sex, have babies. We still have to eat and drink... still
have medical needs... and, of course, we all, eventually, croak.

Products and services that help us do these things well and cheaply tend to be stagflation-proof.

What have I left out? Probably a ton of stuff!

So chime in. Let's hear your ideas for growing rich no matter what happens next in the economy...

Larry...
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Is "perfectionism" keeping you from achieving success?

Posted 23rd April 2009 at 08:47 PM by wallmann

Perfectionism can be the worst enemy of progress, you don't always need to be perfect.

If that is true, what's the point in trying to start a business, if you're just going
to do things half way, or if you always settle for second best? Don't all wealthy
entrepreneurs aim for excellence every single day?

Well, let me just clear up one thing...

When I talk about perfectionism, I'm NOT talking about the healthy pursuit of excellence.
...
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Strategy #1: Be realistic about what you can achieve

Posted 23rd April 2009 at 08:45 PM by wallmann

Many perfectionists set themselves impossible deadlines, or take on tasks they can't reasonably hope to complete on their own.

Then, when they inevitably fail, they beat themselves up for not being perfect, which just makes them procrastinate further, or be even MORE obsessive with the next task.

So take a long, hard look at what you want to accomplish during any given day. Ask yourself if your goal is reasonable and realistic. Is it something somebody else would be...
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Strategy #2: Set strict time limits for each of your projects

Posted 23rd April 2009 at 08:43 PM by wallmann

A great technique for heading off the endless wasted hours working on trivial things is to give yourself a limited amount of time to complete any given task.

Decide how much you want to spend on a certain project, and then STICK to those limits. Be firm!

This will keep you from burning up an entire day hunting for that "perfect" image you want to add to your site, when you could have been doing something with that time to complete tasks that would add considerably...
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