Bringing clean, purified water to another country!

Bringing Clean, purified water to another country

This article talks about how engineering entrepreneurs make purified water for a village in Peru through the presence of a Billboard.

The mechanism on how they do it is phenomenal. And in the process of how they bring happiness to hundreds of Peruvian families is simply heartwarming. Peru is one of the several countries in the world that lack clean water.

Please read on!! And feel free to leave a comment below!

The story of Mark Cuban

I’ve been wanting to post this for a long time: Mark Cuban is one of the greatest entrepreneurs in my eyes and is finally gaining the spotlight!

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The owner of the 2011 NBA World champions, Dallas Mavericks, and a shark investor on ABC’s hit television series, Shark Tank, this $2.4 billion mogul explains how he reached the top, including what sacrifices he had to make, and what lessons he learned from having horrible bosses.

You can read all about it over here:

http://www.forbes.com/sites/monteburke/2013/03/28/at-age-25-mark-cuban-learned-lessons-about-leadership-that-changed-his-life/

Key Takeaways:

  • Made sacrifices early in his life by driving an old car that required an oil change every 60 miles, splitting a three bedroom apartment with several other roommates, and piling his clothes and other belongings in one small corner
  • Was always entrepreneurial since his days working at Mellon Bank at Pittsburgh
  • Would always take matters into his own hands and bypass the CEO of the company on sales he had made on his own(This belongs to the category of taking risks)
  • Follows the mantra “Sales cures all”
  • Started his first company, Micro Solutions, which grew into a company generating $30 million in revenue
  • Sold Micro-Solutions to CompuServe, and then found another company called AudioNet, which later became Broadcast.com
  • Purchased the Dallas Mavericks basketball organization

The key fundamentals here overall for Cuban or for any entrepreneur is that you must be willing to face setbacks and embrace risk. This is exactly how Mark Cuban got to where he is and this is precisely how you can get to where you’d like to go in life!

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Overall I’d have to say that Mark Cuban has become one of my favorite entrepreneurs because of his ability to go that extra mile in making a sale and in embracing risk! And Mark Cuban is also a perfect example of how we should all learn from our mistakes when we’re young!! I do intend to reference Mark Cuban in future posts so be on the lookout.

 

Is there an entrepreneur that you have tremendous respect for? What are your thoughts on Mark Cuban? And what kind of sacrifices are you making or risks are you taking in achieving your goal? Feel free to leave your thoughts in the comments below and please like this post! Thank you 🙂

Using the “The Seinfeld Strategy” to achieve motivation

So I came across an awesome article on “The Seinfeld Strategy”, based on one of the most successful comedians of our time, Jerry Seinfeld, and felt compelled to share. You can read more about it on this site:

http://jamesclear.com/stop-procrastinating-seinfeld-strategy

One of the reasons why Jerry Seinfeld was able to establish himself as one of the funniest comedians of his time was because he applied one fundamental to his everyday life, and that was “Not breaking the chain”!!

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And “Not breaking the chain” doesn’t only have to apply to comedians; it could also apply to CEO’s, serial entrepreneurs, and anybody wanting to lead a more wholesome life. What exactly does “Not breaking the chain” mean?

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It means staying consistent and motivated. This is achieved by purchasing a calendar and ‘x’ing’ out the days you were performing your task. At the same time, it also means to pick one simple task at a time and to convert that task into something actionable, meaning that it must provide you with the outcome that you’d like!

And so if you’re hungry for success in your business or in your professional endeavors. Avoid doing this:

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I encourage everyone to read the above article, and to tell me what your thoughts are in the comments below. Do you have a personal strategy that you’ve adopted into your everyday life? If so, I’d like to hear about it.

The Entrepreneurs’ Nutrition

I’m baaaackkk! It was a long vacation from my blog but well worth as I’ve come back with more insight on entrepreneurial and innovative mindsets. From this point onwards the focus of my blog will be about the Entrepreneurs’ Nutrition. The Entrepreneurs’ Nutrition has to do with everything essential regarding entrepreneurship, from the way we tackle problems to best approaches in dealing with every aspect of an enterprise such as the finance, the operations, and the sales/marketing.

But most importantly, the focus will revolve around what it means to be a true entrepreneur and the resources we will need to acquire in becoming that true entrepreneur. And a true entrepreneur from my perspective isn’t just someone who takes out capital to start an enterprise in hopes that they can convert their passion into money, it also includes someone looking to lead a more fulfilling life!! Its a learning experience for everyone including me so feel free to pitch in thoughts and insights on the different topics that I propose regarding the entrepreneurs’ nutrition.

Look out for my next post!! And feel free to drop a comment below for what you’d like to see on this page 🙂

Personality of Innovators

Innovators go way beyond just who you read about on Magazines, Wikipedia, or see on Oprah or CNN. Innovators can even be your next door neighbor! An innovator doesn’t have to be a self-made billionaire who built their company with their blood, sweat, and tears. Just look around you,

 

INNOVATORS are those that are able to build an attractive installment in their backyard from scratch with only the tools given!

INNOVATORS are those that decide to build a park in their neighborhood designed for the comfort of the local residents

INNOVATORS are those that come home from a long day of work and decide to cook a new recipe with just the ingredients in their fridge and cupboards!

What makes these INNOVATORS stand out from traditional INNOVATORS performing similar activities are their abilities to be able to sell their creations and innovations to the public!!

INNOVATORS can be:

  • Stay-at-home moms
  • Children with disabilities
  • The co-worker you secretly underestimate
  • The girl next door
  • A McDonalds’ cashier

Even you could be an innovator!! The question is what kind of innovator are you? Apparently there are five types of innovators out there! They are:

  • Movers and Shakers(People at the top such as CEOs, who are constantly pushing their team members to deliver on projects or get things done!)
  • Experimenters(Perfectionists who do whatever it takes to deliver on an assignment or initiative)
  • Star Pupils(Experts at branding themselves, as well identifying the right mentors that can propel them to a path of success)
  • Controllers(Those individuals who mobilize their troops to get a project done!)
  • Hangers-On(People that remind their team of the reality behind pushing a business idea to creation)

I find these to be very interesting. I’d say that I’m more of an experimenter as I’m constantly fiddling around with new ideas, and then once I come up with an idea or solution that is proven to work I don’t give up until I pull through. Steve Jobs, on the other hand, was more of a Mover and Shaker, as was known to be prickly towards his co-workers and partners only so things could get done!

Here is the article on the Five Personalities of Innovators: http://www.forbes.com/sites/brennasniderman/2012/03/21/the-five-personalities-of-innovators-which-one-are-you/2/

What kind of innovator are you? For the next post I plan on coming up with a poll for you all! Stay tuned!

The act & art of investing

Investing is a very excellent skill for people to acquire, especially if you’re one of those individuals looking to save up for grad school, your future kids college tuition, or that new sexy Lamborghini you’ve been wanting to afford. I feel like it’s skill that all business professionals, marketing professionals, and entrepreneurs should at least attempt to master. Now just remember two important details: Reading as much as you can, and knowing what to read! Lot of people who get their foot into the door of investing have a tendency of speeding things up. They get so ambitious and greedy that they just enter the game without learning the instructions. While you may be a quick learner, there are a lot of factors in considering when deciding whether to invest in a particular stock. One common mistake is investing based on emotion. For instance, if you’re a Starbucks lover, you invest in Starbucks without thinking about whether you could lose your investment. There are so many people that had a profound interest in investing who simply pulled the plug one fine day after they had lost so much money and became discouraged!

The three documents you will have to read prior to investing are the following:

1. 10-K Report(Annual Report)

2. 10-Q Report(Quarterly Report)

3. 14A Proxy Statement

And while reading these documents, only observe the key performance metrics in deciding whether to purchase a stock or not. A few of the stable stocks that are out there right now are Google, and Apple. However, that doesn’t mean you should just blindly invest in these stocks. My advice to novices interested in investing are to read books on how to invest thoroughly but when it comes to reading the above documents, make sure you only take a look at the right performance metrics such as price/earnings ratio, net profit, shareholders statement, etc.

We all can’t be the next Warren Buffett, but we all can become shrewd investors and make an ROI(Return of Investment). Good luck!! And I’ll post more tidbits on this topic later.

Following your passion is the best medicine ;)

This is advice that I actually churned out on my own. What can I say, I have a knack for words. And this piece of wisdom does carry a lot of weight and common sense if you observe closely. A lot of us get into that 9 – 5 routine not willing to plunge into risks which could be what we’re truly passionate about. Some of us are just wired that way like me for instance. I cannot accomplish a task unless I’m truly passionate about it or it’s mandated to be done. When we engage in jobs or activities we are not passionate about, they become nothing but energy drainers. Well I say that we figure out what these energy drainers are and flush them down the toilet because if you’re interested in achieving success in life whether it’s in your professional life or personal life, then you need to participate in activities that bring out your natural abilities.

I worked as a fundraiser and as a timeshare salesman for several years and a one crucial lesson I learned was you must be passionate about what you are selling or what you are trying to raise funds for. Both activities constitute a business activity and whenever you engage in a business activity you must be passionate about it considering all of those long hours you will have to put in maintaining and growing your business. The other lesson that I learned was persistence. Sales is the lifeblood of any business so if you want an intact business at the end of the day you will have to be persistent in generating as much sales as possible!

Going back to the topic of passion. I feel that you must constantly speculate  your passion, figuring out what makes you truly happy or truly tick, and go after it with all you’re muscle. Passion is what keeps us going in this world. What’s your passion?