BUSINESS FACTS


Гео и язык канала: Эфиопия, Английский


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✅ Facts about business and strategies of business.
✅ Money making ideas, strategies and plans.
✅ Profitable business ideas.

Связанные каналы

Гео и язык канала
Эфиопия, Английский
Статистика
Фильтр публикаций


"Passive Income Ideas: 101 Passive Income Ideas Under $1000." 📚📚📚

by Frank Coles

"The key to financial freedom is not more income; it's more streams."

7 Lessons from "Passive Income Ideas: 101 Passive Income Ideas Under $1000," by Frank Coles:

1. Understand Passive Income
Coles defines passive income as earnings that require little to no ongoing effort after the initial setup. This understanding is crucial for identifying viable opportunities that align with your lifestyle and financial goals.

2. Start Small
The book emphasizes that you don’t need a large sum of money to begin generating passive income. Many ideas presented can be started with less than $1,000, making it accessible for individuals at various financial stages.

3. Diversify Income Streams
Coles encourages readers to explore multiple passive income streams. By diversifying, you can reduce risk and increase overall earnings potential, ensuring that you are not reliant on a single source of income.

4. Leverage Digital Platforms
Many of the ideas in the book involve utilizing digital platforms, such as creating online courses, writing eBooks, or affiliate marketing. These avenues can reach a wide audience and often require minimal ongoing effort once established.

5. Invest in Real Estate
Coles discusses the potential of real estate investments, such as rental properties or real estate crowdfunding. These options can provide steady passive income, although they may require some initial research and management.

6. Create and Sell Digital Products
The author highlights the benefits of creating digital products, such as printables, stock photos, or software. Once created, these products can be sold repeatedly with little additional effort, making them a great source of passive income.

7. Monitor and Adjust Your Strategies
Coles stresses the importance of regularly reviewing your passive income strategies. Monitoring performance and making adjustments as needed can help optimize your income streams and ensure they continue to meet your financial goals.

These lessons serves as a practical guide for anyone looking to build wealth through passive income. By applying these lessons, readers can take actionable steps toward financial independence and create a sustainable income with minimal ongoing effort.


Online_Business_Startup_The_entrepreneur's_guide_to_launching_a.pdf
1.7Мб
Online Business Start-up

The entrepreneur's guide to launching a fast, lean and profitable online venture


Online business start'up


9 Books Elon Musk Thinks Everyone Should Read: 📚

When he's not launching rockets, drilling beneath the streets of Los Angeles, or propelling vehicles beyond our atmosphere, Elon Musk spends considerable time reading.

Here are 9 non-fiction books recommended by Musk that he believes everyone should dive into.

1. Human Compatible by Stuart Russell.
Human Compatible explains why the creation of artificial intelligence could be humanity’s final act, a topic that Musk has been very vocal about.

2. Zero to One by Peter Thiel with Blake Masters.
Zero to One explores how companies can better predict the future and take action to ensure that their startup is a success.

3. Merchants of Doubt by Naomi Oreskes & Erik M. Conway.
This book examines some of the world’s foremost scientific debates on the environment, smoking, and nuclear weapons

4. Life 3.0 by Max Tegmark
In this work, MIT professor Max Tegmark writes about keeping artificial intelligence beneficial for human life and ensuring technological progress remains aligned with humanity’s goals for the future

5. The Big Picture by Sean M. Carroll
The Big Picture is an ambitious look at the world as we know it and how we can use scientific thinking to make sense of most of it.

6. Lying by Sam Harris
Lying explains why the act of telling lies is so dangerous. And that means all lies, from the tiny lies that people tell on a daily basis to the massive lies sometimes told on the world stage.

7. Superintelligence by Nick Bostrom

The book in Elon Musk’s reading list makes a daring inquiry into what would happen if computational intelligence surpassed human intelligence

8. The Wealth of Nations by Adam Smith
profoundly influential work in the realm of economics. It is a profoundly influential work in the study of economics and examines precisely how nations become wealthy.

9. Radical Candor by Kim Scott
He is a fan of the feedback loop, stating in an interview that, “it’s very important to have a feedback loop, where you’re constantly thinking about what you’ve done and how you could be doing it better.”

Radical Candor by Kim Scott serves as a valuable roadmap for leaders seeking to build strong relationships with their employees.




SOME LESSONS ON FINANCES 💯

1. Must have EMERGENCY FUND - enough for 6 months of expenses/current lifestyle.

2. SAVE MONEY and MONEY WILL SAVE YOU. Don't save what is left after spending. Only spend what is left after saving.

3. Best to have ZERO DEBT, if you can't pay cash, you CAN'T AFFORD it, nothing beats PEACE OF MIND.

4. Avoid unnecessary spendings, forget sale price, everything is 100% off when you don't buy it. Don't waste your money on things that you don't need, even if they are cheap. EVERY PESO COUNTS!

5. Learn to BUDGET - it is telling your money where to go instead of wondering where it went!

6. If we buy things that we don't need, we will have to SELL THINGS THAT WE NEED.

7. PRETENDING TO BE RICH can make us poor. Must learn to live BELOW MEANS. Don't go broke trying to look rich.

ACT YOUR WAGE.

8. MONEY IS NOT EVERYTHING, but we cannot deny the fact that we NEED money for our FAMILY.

9. Always have a BACK-UP PLAN for life's uncertainties.

Start having your personal LIFE INSURANCE with INVESTMENT.

10. Let's break the TOXIC FAMILY CULTURE about
FINANCES. Your children is not your retirement fund, and your parents is not your emergency fund.

📱Join 🔣 Share 


Skill for a Successful Entrepreneur

Entrepreneurship is the process of creating, launching, and running a new business venture. It involves taking risks, innovating, and solving problems. To be a successful entrepreneur, you need to have a set of skills.

° Communication: is the ability to express your ideas clearly and effectively to different audiences, such as customers, investors, employees, partners, and media.

° Selling: is the ability to persuade others to buy your product or service, or to support your business.

° Focus: is the ability to concentrate on your most important tasks and goals, and to avoid distractions and procrastination.

° Learning: is the ability to acquire new knowledge and skills, and to apply them to your business.

° Strategy: is the ability to create and execute a plan for your business that aligns with your vision, mission, and values.

These are some of the skills that can help you become a successful entrepreneur in 2023.


✈️ 5 steps to creating sustainable demand for an atypical product

Step 1. Detailed analysis of the target audience.

▪️In any strategic planning, it is important to know who we are trying to connect with.

Step 2. It is necessary to determine the target audience.
▪️If, for example, we talk about fur coats, then this is basically outerwear, that is, the topic is interesting to everyone who needs it in one form or another.

Step 3. Close interaction with the target audience.
▪️To promote an atypical product, you will need a large amount of trust.

Step 4. Create a provocation.
▪️An atypical product most likely evokes mixed feelings in people.

Step 5: Create a mission.
▪️Today it is not enough to simply sell goods or services. Effective communication will happen where people can join in with some higher purpose.


Here are 10 key lessons from

"Know Yourself, Know Your Money" 📚📚📚
By: Rachel Cruze:

1. Your Money Habits Are Rooted in Your Personality
Understanding your natural tendencies, behaviors, and emotional triggers around money helps you make better financial decisions.

2. Your Money Mindset Comes from Your Upbringing
The way you handle money is often shaped by how your parents or guardians viewed and managed finances. Reflecting on this can help you address unhelpful habits.

3. Values Drive Financial Decisions
Align your spending, saving, and investing with your core values. Knowing what matters most to you helps create a financial plan that feels purposeful.

4. Money Problems Are Often Behavior Problems
It's not just about numbers; it's about habits. Financial success often requires changing behaviors and adopting disciplined money management strategies.

5. Spending Reflects Your Priorities
Where your money goes reveals what you truly care about. Tracking your expenses can help you align your spending with your goals and values.

6. Emotions Play a Major Role in Financial Choices
Recognize how emotions like fear, guilt, or shame influence your financial decisions. Developing emotional awareness can lead to more rational money habits.

7. Budgeting Is Empowering, Not Restrictive
A budget gives you control over your money. Instead of feeling limited, it helps you direct funds toward what truly matters to you.

8. Debt Can Be Avoided and Overcome
Debt often stems from poor financial habits or living beyond one’s means. Developing a plan to eliminate debt and avoiding it in the future fosters financial freedom.

9. Financial Communication Is Essential
Whether with a partner, family, or friends, discussing money openly and honestly builds trust and ensures alignment in financial goals.

10. Wealth Is a Tool, Not a Goal
Money is a means to create the life you want, not an end in itself. Focus on how financial stability can help you achieve freedom, generosity, and fulfillment.

Rachel Cruze emphasizes self-awareness and intentionality in money management, offering actionable advice to align your financial life with your values.


"Know Yourself, Know Your Money" 📚


Here are ten practical lessons from

"I Will Teach You to Be Rich"📚📚📚

by: Ramit Sethi

designed to help you take control of your finances and work toward a "rich life":

1. Start Now: Focus on taking small, actionable steps toward your financial goals rather than waiting for the perfect moment. Sethi emphasizes that it’s better to begin with what you have than to delay action indefinitely.

2. Optimize Your Credit Cards: Use credit cards strategically to build credit and earn rewards. Sethi advises paying off credit card debt to avoid high-interest charges while still leveraging the benefits of credit cards.

3. Conscious Spending: Develop a "Conscious Spending Plan" that allows you to spend extravagantly on things you love while cutting back on expenses that don't matter to you. This balances enjoyment and savings.

4. Automate Your Finances: Set up automatic transfers to savings and investment accounts. By automating your financial system, you can save time and reduce the temptation to spend unnecessarily.

5. Invest Early and Often: Start investing as soon as possible, even if it's a small amount. Sethi encourages monthly investments to build wealth over time, taking advantage of compound interest.

6. Negotiate Fees and Rates: Don’t hesitate to negotiate with banks and service providers to reduce fees or secure better rates. Sethi highlights that small adjustments can lead to significant savings.

7. Understand Your Numbers: Keep track of four key financial numbers: fixed costs (50-60% of income), savings (5-10%), investments (5-10%), and guilt-free spending (20-35%). This framework helps you stay organized and focused.

8. Prioritize High-Impact Decisions: Focus on big financial decisions that significantly impact your wealth, such as negotiating your salary or choosing the right investment strategy, rather than sweating small purchases.

9. Challenge Financial Myths: Sethi encourages readers to question conventional financial advice and focus on strategies that truly align with their goals, rather than what society dictates.

10. Live Your Rich Life: Ultimately, Sethi defines a "rich life" as one that goes beyond financial wealth. It involves making conscious choices that lead to fulfillment, enjoying experiences, and spending on what truly matters to you.

These lessons encapsulate Sethi's approach to personal finance, which emphasizes practical action and aligning financial habits with personal values. For more detailed insights, you might consider checking out a summary or the book itself.


7 lessons from Robin Sharma's

" The 5AM Club " 📚📚📚

1. The 20/20/20 formula. This formula involves dedicating the first 20 minutes of your day to physical activity, the next 20 minutes to personal development, and the final 20 minutes to planning your day. This routine sets a positive tone for the day and helps you to focus on your goals.

2. Spending time alone can be incredibly beneficial for creativity, problem-solving, and self-reflection. Early morning solitude allows you to connect with your inner self and gain clarity.

3. The importance of physical fitness. Regular exercise is essential for both physical and mental health. Early morning workouts can boost your energy levels, improve your mood, and enhance your cognitive function.

4. Continuous learning. Dedicate time each day to learning new skills and expanding your knowledge. This can be done through reading books, taking online courses, or attending workshops.

5. Meditation can help you reduce stress, improve focus, and enhance your overall well-being. Practicing mindfulness techniques can also help you to develop a more positive mindset.

6. Setting clear goals and creating a detailed plan to achieve them is crucial for success. Early morning is an excellent time to review your goals and plan your day.

7. Positive affirmations can help you to cultivate a positive mindset and boost your self-confidence. By repeating positive statements, you can reprogram your subconscious mind and attract positive experiences.


" The 5AM Club " 📚


CASHFLOW QUADRANT 📚📚📚

By: Robert Kiyosaki

This book explains further the financial principles introduced in his earlier work Rich Dad Poor Dad. The book introduces the concept of four distinct "quadrants" that represent the different ways people earn money: Employee (E), Self-Employed (S), Business Owner (B), and Investor (I). Kiyosaki explores the mindset and strategies needed to transition from one quadrant to another, ultimately encouraging readers to move towards the B and I quadrants to achieve financial independence and long-term wealth.

📍Key Takeaways:

1. The Four Quadrants:

✏️Employee (E): People in this quadrant trade time for money, working for others and receiving a paycheck. They rely on job security.

✏️Self-Employed (S): Self-employed individuals also trade time for money but are their own bosses. They may experience more freedom but are still limited by their ability to work.

✏️Business Owner (B): Business owners leverage systems and other people's time to generate income. They focus on creating businesses that work independently of them.

✏️Investor (I): Investors use their money to make more money. They invest in assets that generate passive income, such as real estate, stocks, or other ventures.

2. Mindset Shifts: Kiyosaki emphasizes that transitioning from the E and S quadrants to the B and I quadrants requires a shift in mindset. It involves thinking beyond working for money to having money work for you. People in the B and I quadrants focus on building systems and wealth that don’t require direct effort to sustain.

3. Financial Education: Kiyosaki advocates for continual learning and financial education as crucial for moving into the B and I quadrants. He highlights the importance of understanding how money, taxes, and business systems work.

4. The Importance of Leverage: In the B and I quadrants, success comes from leveraging other people's time, money, and resources. This allows for growth without being limited by individual effort.

5. Building Passive Income: Kiyosaki stresses that true financial freedom comes when you build streams of passive income. This is the essence of moving from being an employee or self-employed to becoming a business owner or investor.

📍Cashflow Quadrant provides a clear framework for understanding the different ways people earn money and offers practical advice on how to transition from the E and S quadrants to the B and I quadrants. Kiyosaki encourages readers to take control of their financial futures by shifting their mindset, investing in financial education, and focusing on creating wealth that doesn’t require constant effort.

📍Cashflow Quadrant is highly recommended for anyone interested in achieving financial freedom and understanding the dynamics of wealth-building. It’s especially useful for individuals looking to move away from traditional employment and towards owning businesses or investing for passive income. Kiyosaki’s clear explanations and actionable strategies make it a valuable read for aspiring entrepreneurs, investors, and anyone committed to changing their financial future.

Save for later!


𝟏𝟐 𝐁𝐨𝐨𝐤𝐬 𝐭𝐨 𝐌𝐚𝐬𝐭𝐞𝐫 𝟔 𝐒𝐤𝐢𝐥𝐥𝐬 📚📚📚

𝙋𝙧𝙤𝙙𝙪𝙘𝙩𝙞𝙫𝙞𝙩𝙮:

The Art of Laziness by Albert Zaid – Discover a unique approach to productivity, showing how strategic rest and efficiency can help you achieve more by doing less.

Atomic Habits by James Clear – Learn how small, consistent actions can lead to transformative changes in your life and work.

𝘿𝙞𝙨𝙘𝙞𝙥𝙡𝙞𝙣𝙚:

Make Your Own Bed by Admiral William H. McRaven – Navy SEAL Admiral McRaven shares life lessons on discipline, resilience, and how small actions can lead to big changes.

Mastery by Robert Greene – Explore the path to achieving mastery in any field through discipline, persistence, and learning from the best.

𝘾𝙤𝙢𝙢𝙪𝙣𝙞𝙘𝙖𝙩𝙞𝙤𝙣:

Talk Like TED by Carmine Gallo – Uncover the secrets behind TED Talks and how you can use them to captivate and inspire any audience.

How to Win Friends and Influence People by Dale Carnegie – Carnegie’s timeless guide on building better relationships and positively influencing others.

𝙃𝙪𝙢𝙖𝙣 𝘽𝙚𝙝𝙖𝙫𝙞𝙤𝙧:

The Laws of Human Nature by Robert Greene – Gain insights into what drives human behavior, helping you understand yourself and others more deeply.

Power by Jeffrey Pfeffer – Examine the dynamics of power, control, and influence in human interactions.

𝘽𝙪𝙨𝙞𝙣𝙚𝙨𝙨:

Shoe Dog by Phil Knight – The memoir of Nike’s founder, sharing the journey, struggles, and triumphs behind building a global brand.

Zero to One by Peter Thiel with Blake Masters – Thiel’s guide to building innovative businesses and creating value by doing things no one else is doing.

𝙋𝙚𝙧𝙨𝙤𝙣𝙖𝙡 𝙁𝙞𝙣𝙖𝙣𝙘𝙚:

The Psychology of Money by Morgan Housel – Explore how mindset and behavior impact wealth and financial success.

Rich Dad Poor Dad by Robert T. Kiyosaki – Kiyosaki’s classic on financial literacy and breaking the cycle of traditional financial thinking.

"The more you learn, the more you earn." — Warren Buffett

#Bookrecommendation


𝟏𝟐 𝐁𝐨𝐨𝐤𝐬 𝐭𝐨 𝐌𝐚𝐬𝐭𝐞𝐫 𝟔 𝐒𝐤𝐢𝐥𝐥𝐬


8 lessons from the book
"THE LEADER'S GREATEST RETURN" 📚
-
1. The function of leadership isn't to gather more followers. It's to produce more leaders.

2. Good leaders use influence, not power, to get things done.

3. Everyone desires to be recognized, praised, and appreciated. As You lead and motivate others, never forget that.

4. The ultimate goal for all leaders should be to work themselves out of a job.

5. The greatest leaders aren't necessarily the ones Who do the greatest things. They are the ones who empower others to do great things.

6. Authenticity is the new authority in leadership, not power or position.

7. The bottom line in caring for others on the team is that it's crucial to give more than You take.

8. If you are seeking a mentor, look for credibility. If you plan to be a mentor, develop it.


THE LEADER'S GREATEST RETURN 📚


Book Master Review

Here are 10 Lessons from

"7 Secrets to Investing Like Warren Buffett" 📚📚📚

by Mary Buffett:

1. Invest in what you understand: Warren Buffett's approach to investing emphasizes the importance of investing in businesses and industries that you have a deep understanding of. This helps mitigate risks and make informed investment decisions.

2. Focus on long-term value: Buffett is known for his long-term investment approach. The book teaches readers to focus on the long-term value of their investments rather than short-term market fluctuations.

3. Look for companies with strong competitive advantages: Buffett seeks out companies with durable competitive advantages, such as a strong brand, unique product, or high barriers to entry. These advantages contribute to long-term profitability.

4. Practice patience and discipline: Successful investing requires patience and discipline. The book emphasizes the importance of sticking to your investment strategy and resisting the urge to make impulsive decisions based on short-term market movements.

5. Value a company based on its intrinsic worth: Buffett believes in valuing a company based on its intrinsic worth rather than relying solely on market trends. The book teaches readers how to assess a company's value and make investment decisions accordingly.

6. Focus on cash flow and profitability: Buffett places great importance on a company's cash flow and profitability. The book explains how to identify companies with strong financials and the potential for long-term growth.

7. Diversify your portfolio: Buffett advocates for diversification to reduce risk. The book provides insights on how to build a well-diversified portfolio that includes a mix of different asset classes and industries.

8. Be patient during market downturns: During market downturns, it is crucial to remain patient and avoid panic selling. The book teaches readers to see market downturns as opportunities to buy quality stocks at discounted prices.

9. Avoid excessive debt: Buffett is known for his aversion to excessive debt. The book emphasizes the importance of investing in companies with a conservative approach to debt and solid financial stability.

10. Continuously educate yourself: Successful investing requires continuous learning. The book encourages readers to stay updated on market trends, financial news, and investment strategies to make informed decisions.

Happy reading ✨


"7 Secrets to Investing Like Warren Buffett" 📚

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