There is so much talk around bitcoin and cryptocurrency that it’s taking over our social media, the news and conversations from cab drivers to billionaires. Very similar to what happened in the early 2000’s before the dot.com bubble.
No one chooses the color of their skin, no one chooses where they were born, some will even argue that you can’t choose who you love. I travel and do business in 42 countries and I will tell you I have never seen a world more divided. We should be blessed that we live in a world where we have iPhone’s, technological advances, disruptive innovators and people who dedicate their lives to the advancement of this planet and humanity.
About 13 months ago I embarked in an experiment that I called Mega Speaker (click here). I created this event at first because I didn’t think there were enough female platform speakers on the circuit. Well, the Mega Speaker review results don’t lie. After 1 year I created more women and men speakers than anyone on the planet. I visited 25 countries and over 68 cities and I have seen people at their best and at their worst. I was also blessed to see a great group of entrepreneurs who truly want to live a life of significance and truly create a legacy for others. Sure the money is great when you are a speaker but nothing is more satisfying when someone says thank you for changing my life.
Mega Speaker is the brainchild of JT Foxx, who is the World’s #1 Wealth Coach and #1 Platform Sales Speaker on the planet. He initially created this free one-day event as a means to create more women speakers since he didn’t think there were enough of them in the circuit. JT has done Mega Speakers in 26 countries and over 50 cities, and the results are shocking. He has created more speakers and top coaches in the last year than anyone else.
Here’s a glimpse of what has happened.
As a serial entrepreneur and the world’s #1 wealth coach, I have come to see a disturbing trend. I do business and speak in over 40 countries all over the world, and I often find many businesses succumb to trying to model themselves after other successful companies; such as an Uber, or an AirB&B. They are comfortable with the thought of “as long as I grow, it doesn’t matter if I make money”. They think growth will one day equate to dollars. Amazon lost money for over 10 years before finally turning a profit and now they are worth billions. In fact, many of them were worth billions before they even made 1 cent. Silicon valley dubs them as “unicorns”. The definition of a unicorn company is one that is relatively young and new yet worth at least 1 billion and not one of them is making any money.
The problem for every Uber, and SnapChat out there, there are hundreds of thousands of other businesses that fail with this type of business model, and they are pretty much worthless.
I own many companies and brands and my philosophy is quite simple, I find ways to make money from day 1 when I start any company. Profits are more important than growth. In order for a business to survive today’s ever challenging economic times it must have sustainability, predictability, and consistency. I made the mistake a couple of years ago by growing too fast too quick and before I knew it, my profit margin went from 32.7% to 8.4%. In fact, I had to change my entire business model to stop the bleeding. So you if you want to succeed in business, here are my 3 best tips:
With change comes opportunity, but are you the one doing the disrupting? Or is your competition forcing you to catch up? When executed properly, disruption will open new opportunities while squashing some of your competition’s advantages, not so much putting them out of business. Driving your competition crazy is essentially a deliberate process that can yield very tangible results.
To lay a firm foundation, try these following steps: Continue reading
So I am not sure if you are following me on Facebook, but I have flown all over the world in the past 5 months and haven’t been back to South Africa since then but my team has. Now it’s time for me to return.
I am very concerned about what is going in South Africa right now, the rand and consumer confidence are both going down. I have had hundreds of messages from clients begging me to return to SA to shed some light on what is going on, and create a blue print for 2016.
I had a great year, and looking at all the end of year reviews from my students indicate all of you had a better year too. I traveled 1.2 million miles on an airplane this year, so I know I need to change it up. Now we need to make sure that 2016 is going to be your year. I am going to share my goals and strategy with you. Those who implemented my 2015 strategy that I wrote had a record year. From the naysayers and non believers who think I don’t own any companies (it’s been like this my whole life), I finished the year in 2015 by having deals to acquire 3 new companies. I will be making another announcement this week for another company acquisition. Here are my strategic goals for 2016. Continue reading
So You Want to Get Branded?
2015 is almost over and the numbers don’t lie. It’s been a record year for me across all my companies but also for many of my clients. At Family Reunion back in November with 800 people from 51 countries the proof was overwhelming.
What was the difference this year? Branding!!! Click here to go Viral
Wherever you are in the world reading this right now, there is a high probability that you have heard and have used Uber. This company is dominating the world and changing how the world moves by connecting riders and drivers. With a $62.5 Billion valuation, this company just landed another $2 Billion dollars from investors. How do they do it, and how can you do this for your business? Continue reading
If you are like me, seeing the same commercial play on Hulu every 15 minutes while I am trying to watch a show, doesn’t get me to want to buy their product, it does the exact opposite and I never want to see that commercial again.
The most recent example of this marketing strategy is with Microsoft. If you have Windows 7 on a machine capable of using Windows 10, chances are you are getting swamped with ads from Microsoft telling you to upgrade. Continue reading