One Thing: Day 351: A Billionaire’s Advice
Day 351: A Billionaire’s Advice
Yesterday I was explaining what I learned watching The Golden Globes with my wife… as well as many hit movies like The Founder, Wolf of Wall Street, Bohemian Rhapsody etc…
Speaking of Margot Robbie and getting kinky…
A guy was having premature ejaculation problems so he went to the doctor.
The doctor said, “When you feel like you are getting ready to ejaculate, try startling yourself.”
That same day the guy went to the store and bought himself a starter pistol and ran home to his wife.
That night the two were having sex and found themselves in the 69 position…. the man felt the urge to ejaculate and fired the starter pistol.
The next day he went back and here is how it went.
Doctor: “How did it go?”
Premature ejaculator: “Not very well…
… When I fired the pistol, my wife pooped on my face, bit three inches off my privates, and then my neighbor ran out of the closet with his hands in the air.”
In other news…
You’ve got one life, so do it ALL.
Your ONE COACHING THING Today Is:
‘A Billionaires Advice’
I’m a huge fan of Peter Thiel and been studying him and his approach to start up’s for a long time.
He was the first investor in FB and that one investment has yielded him BILLIONS.
Many others like it and he doesn’t just invest… he coaches the companies he really believes in.
Imagine, as a business coach, if you were able to identify a company that could yield you BILLIONS.
That’s what this message is about so I recommend you read carefully. You’re kids and grandkids might thank me one day :o)
He has ten major concepts that can help you understand new ways that you, and your clients, can think of success and how that applies to startup businesses.
How to Think About Growth
Create a Monopoly
Be the Last-Mover
Don’t Gamble with Success
The Law of Power
Secrets are Important
The Sales Culture
Build a Better Computer
The Paradox of Leaders
Concept 1: How To Think About Growth
One of the biggest challenge new startups face is how they think about growth. To be truly successful you must think from scratch.
A blank canvas.
To understand this more, you should attempt to understand the difference between globalization and technology.
Sounds simple, but let me try explain it his way.
Do you want to move to the side or straight up?
Think of globalization as a horizontal move (that is to the side :o). You are taking an existing product or industry and making it widespread.
Technology on the other hand is making some BRAND NEW or build a new version of something old and growing to its full potential.
Technology is our vertical move (straight up… and that’s you and your high end coaching clients goal :o).
Globalization is simply not possible without new technology. Let’s look at the 1990s internet boom and subsequent dot-com bust.
Ironically, there was not enough technology happening in the thriving internet. There was too much focus on globalization.
Eventually, the new car smell wore off and there was very little new technology left to globalize.
Four Lessons You Can Learn from the Dot-Com Bust
Make small, safe advancements…a solid foundation is everything.
Stay flexible and pivot toward success
Don’t invent a whole new industry, build a better mousetrap in an existing industry.
Make products that sell themselves…if your product needs the ad campaign of the century, it simply isn’t good enough.
Now flip that upside down.
The world is a different place today, Pandemic and all, and these lessons are strong, but today expectations are different.
Today we must recognize bold is better, a flexible plan is better than no plan at all, strong competition can be deadly, and sales are important too.
Concept Two: Be A Monopoly
The idea of competition sounds great, but it’s easy to get lost in the daily grind of making a profit.
You get so lost in sales and margins you fail to create a long-term plan for success. If you become a monopolist, you can literally afford to think more about the future.
What can you offer that no one else is or has? That’s a monopoly and that should be your goal.
Think of companies who found success this very way.
In the 60s and 70s IBM had the monopoly on computer hardware. Then Microsoft came along and released the personal computer giving them the monopoly on computer software.
When the iPod came out there was no competition. When the iPhone came out it was so unique they had no competition.
They created a monopoly.
When you look carefully at the laws surrounding monopolies, governments support the creation of new technology and the products that come from those.
Patents for new inventions is a great example of the protections monopolies enjoy while building their startup.
You must flip the thinking that monopolies are bad and competition is king.
Create your own monopoly.
Business coach that targets chiropractors in small towns of less than 50,000 people and specializes in referral marketing.
Ok.. there are two more concepts that I want to cover but this is getting a little long, its LATE and I’m tired as heck.
Stay tuned for Part 2 tomorrow.
You heard it here first.
Obsessed with your business coaching success,
Karl Bryan aka King Karl
PS. Your energy speaks long before you say anything.
PPS. Marriages break up from lack of money… over lack of love X 100.
Business failures lead to destruction, addiction, depression, anxiety, suicides, and unfortunately, far more.
As good business coaches we save marriages, save families, save kids from self-destruction… we save lives!
A true life of purpose.
PPPS. If you’re looking for a proven system to follow for your coaching…. I created business coaching software and high-end step-by-step training to support it…
It’ll teach you ‘How to find any small business owner $100,000 in 45 minutes without them spending an extra dollar on marketing or advertising.’
Imagine finding your annual $12,000 to $50,000 coaching fees BEFORE you started coaching your new clients?! And a proven coaching system created for you to follow with your new coaching client.
Reply to this post if you want to start following a proven coaching system.
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Karl Bryan gets clients for Business Coaches...period. He is the Founder and Editor-in-Chief of The Six-Figure Coach Magazine and Chairman of Leader Publishing Worldwide, home of the largest private community of Business Coaches (24 countries and counting) in the world.
His goal is straight forward… to help serious coaches/consultants get more clients.