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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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Strategy #3: Think of failure as a learning experience

Posted 23rd April 2009 at 08:42 PM by wallmann

It's inevitable: some of the things you try with your site simply won't work!

So instead of thinking about a email that didn't convert the way you wanted it to as a sign that you're a failure at writing email, look at the "failed" email as the perfect opportunity to understand your market better.

By evaluating why it didn't work, you'll gain a better understanding of your audience, which will help you in many other aspects of your business as well.
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