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Inspiring kids to be entrepreneurial.

A Business Success Formula That You Can Teach Your Kids!

November 30th, 2012

In our previous post we shared Sean Rasmussen’s teachings around developing a healthy self image. This article follows on from that discussion as we share more of his valuable teachings around being successful in business.

How would you like to know Sean Rasmussen’s Business Success Formula?

Teaching these understandings to your children will set them on the path to being successful entrepreneurs.

Sean introduced a simple formula that will get results in business. The formula is…

(Training + Tools + Team) X Time = Results.

This formula can fit all business models, whether it be Network Marketing, conventional business or an Internet Based Businesses. This fits with what we have read about Robert Kiyosaki and his Business Builder model (as opposed to small business). He describes building a business system that will grow itself. Sean’s formula formed the bases of the whole Boot Camp of which we were taught how to address each aspect through Internet Marketing.

In our recent blog about David Wood we discovered that he also uses this formula for business success and he taught us how to apply it to Network Marketing.

Training: Attend the boot camps, join a program, find a mentor and study the business system.

Tools: Use the tools provided by the business system. Use the tools that work, don’t be a tool trying to work it all out for yourself! Or as David Wood says, “Use the tools, don’t be a tool!”

Team: Build a team of experts around you who build your business. In internet marketing it may be virtual assistants, ghost writers and marketers whom you can contract very inexpensively from counties such as the Philippines or India. With Network Marketing it will be the people in your upline as well as those in your own network that form your team. You help them build their business and yours will naturally become successful as well.

Time: Give it your all! Without putting time into your business initially it simply won’t be successful. With businesses that grow and generate a passive income the amount of time you need to commit it great to begin with and the income is small, but as your business grows your work time will diminish, but your income will continue to grow!

Results: Your income generated from your business.

Teaching Kids the Business Success Formula

Flynn extracting the honey from the honey cone.

The Business Success Formula can easily be taught to kids. Firstly help them get started with an enterprise. This way they will learn all about it. For example my son Flynn has learnt a huge amount about bee keeping, harvesting and processing honey and then marketing it.

Next teach them how they can make their business easier by utilizing the right tools. In Flynn’s case it was about borrowing the right extractor equipment and using an expert’s advice (his Grandad) which saves him time.

Then investigate ways of putting a team together to make the process less work and more profitable. Flynn utilized his friends to help bottle the honey, he had people selling his honey on consignment and he found people to take his honey to the market. He wasn’t doing all the work!

Flynn with his product

Explain to your kids about delayed gratification. That is: put the hard yards in now for a financial reward later. Once they see a result in their wallets/purses then they will fully grasp Sean’s formula for business success. Flynn has realised this. He used all his own money to buy his honey and he also paid for everything he required to bottle and market it He understood that he needed to make his business work in order to get his money back with profit. Once he experienced a result with his first batch of honey, he became much more focused and determined with his second batch, which by the way he invested twice the capital!

Three Reasons Why People Are Not Making Money Right Now!

Sean Rasmussen also pointed out three reasons why people are not making money right now. He emphasises the importance of “Action, Intention and Value”. When people use the Business Success Formula, and also attend to and are clear on these three things, they are perfectly set up to make money in their chosen enterprise.

Action

Action is obvious. Take action straight away whenever an idea or opportunity presents. As soon as an idea presents itself, build upon it. Avoid killing the idea with all the “what ifs”.

Intention

To illustrate the point about Intention, Sean had us all write onto a small card what our intent was for the three days at the boot camp, and then we put the card in our pocket to be carried around where ever we went. The idea is… we thought about and put out to the universe our intent without trying to force an answer or outcome. Amazingly, by the end of the three days the answers to our intention were answered! Intention can also be aligned with having a plan.

Value

He refers to Value as being your highest values. Sean Rasmussen explains that your highest values dictate what you focus on. So it is crucial to ensure that what you want, whether it be health, money, family or whatever, is high up on your value list, otherwise it simply won’t happen.

Our Money Mastery mentor, Paul Counsel, also enlightened us to this very important distinction. For us we struggled with putting business ahead of family as our highest value. Our kids have always been our highest value and consequently take up all our time and energy. So what we learnt was that we needed to align business with our highest value of family. Hence we have done that with this very blog and with other enterprise we are pursuing. By aligning our highest value with business, we then have better focus and desire, and our enterprise is moving forward and so are our entrepreneurial mindsets.

So there you have it… Sean Rasmussen’s Business Success Formula.

Flynn celebrating his business success!

In our next blog we will talk more about the wonderful personalities we met whilst on Bootcamp and the sorts of things they are doing to inspire others.about the tremendous opportunity for our kids (and us grown ups!) with building a membership site on the internet. The figures possible…. are mind-blowing!

Sean Rasmussen… Developing Self Esteem!

November 8th, 2012

Our family’s entrepreneurial journey so far has been exhilarating!

The more we learn about successful entrepreneurial people and what makes them different from everyday people has helped us to not only understand our own subconscious beliefs and values, but to re-condition our own subconscious into developing a mindset and value system that is accepting of economic and personal success.

Our journey of self discovery has allowed us to look deep into our own habits, thoughts and belief systems and that of our children.

Sean, Cherie and us!

However, what has really inspired us, are the people we are becoming friends with along the way. Positive people with energy, motivation, connectedness and drive! These people are our reference group and by simply becoming their friends we are able to absorb their awesome energy!

We flew to Surfer’s Paradise on the Queensland Gold Coast to attend a three day intensive Internet Marketing Boot Camp run by the guru of internet marketing, Sean Rasmussen. Sean’s rags to riches story was an inspiration! From working as an electrician on a mine out from Karratha in Western Australia, carrying a large debt and working very long hours, to becoming a wealthy and very successful (self taught) Internet Marketer!

He would spend twelve hours a day, six days a week, working on the mine site and then teach himself internet marketing during his few waking hours at home (and only sleep for four hours a night!).

He made it his highest value to change his family’s economic situation by being very intent on finding a way to build an online business.

Sean’s focus and persistence (and total support from his family) soon paid off, and within a couple of years he had built a extremely successful business that well and truly replaced his income from his JOB. In fact, Sean’s income rapidly grew and now he has a multi million dollar business!

It seems odd that we travelled so far just for three days, when Sean and his family actually only live less than an hours drive from where we live here in WA. But, of course, being an Internet Marketer, means that Sean has client’s all over Australia and the world. But it’s pretty cool knowing that we have an Internet Marketing Guru who is well recognised world wide, living just down the road!

Our experience over the three day weekend was mind blowing! Sean’s amazing knowledge, enthusiasm and sense of humour kept us captivated throughout the event. We met and became friends with many fantastic people who inspired us with their commitment, passion and variety of topics they were blogging about.

Sean and David at our Boot Camp.

Many had major hurdles to overcome to pursue their passions like Dave who is 21 and has Cerebral Palsy. Or Lynda, who is his supportive Mum, has 4 other chilren at home, and takes the time to bring Dave to Sean’s Bootcamps because she also wants to expose him to the myriad of possibilities out there.

Or Dr Wiliam … (or Dr Bill as he is affectionately known) who is a spritely 80+ yrs young!

Or Catherine, who dreams of working from home so she can still spend time with her gorgeous baby girl.

Or Helen, who came along with her husband Alex and we worked out that Trev taught her in Yr 5 in Geradton!

Or Dale, who’s passionate about Natural Health.

These are just some of the incredible people we met and who we know will make huge successes of their businesses down the track, especially under Sean’s wings. We will expand on the human nature of some of these wonderful people in our next blog and show you the range and depth and variety of people who take up blogging to express their passion.

Also in a later blog, we will share the amazing opportunities that Internet Marketing can bring, especially for our kids who want to utilize this brilliant wealth creation vehicle. But for now, we wanted to reflect on our weekend and the insights we gained from Sean Rasmussen around developing a mindset for success, and in particular how to develop self confidence!

What we like about Sean is his down to earth approach to life. He carries no airs or graces. In fact he and his family enjoy much the same things our family does. They have a hobby farm with a mob of sheep and a crazy dog, their kids play soccer on the weekends in Bunbury and they enjoy the simple everyday aspects of family life as we do.

Sean genuinely wants to help people succeed and he really gives value far beyond what you’d expect with his training and programs. He makes genuine connections with people. Sean explains that with business it is all about finding out people’s problems and then providing the answers.

Now this isn’t the first time that we have seen this pointed out. In fact all the successful people and mentors that we have been fortunate to learn from all say the same thing.

Connect with people and help provide them the answers!

Connecting with people at the Boot Camp!

Sean points out that everybody is an expert. Just find what it is that you are passionate about and become that expert! Find out what people want to know, then build a business around your expertise area.

Self Esteem is another important contributing factor to success. People must take full responsibility for their results in life, not look for fault or blame in others. Sean points out…

Your dreams already do come true. Make your dreams good ones!

Maxwell Maltz (1899-1975) wrote Psycho Cybernetics (1960), a self help classic which revolutionised positive thought. Today’s success teachers (Tony Robins, Demartini, David Wood, Paul Counsel, Sean Rasmussen – just to name a few) understand and refer to. Your self image is the key to human personality and human behaviour.

Change your self-image and you change the person.

Action, Results and Perception are consistent with your self image.

Maltz explains that you will act like the person you perceive yourself to be and your “experience” will be consistent with the way you “see yourself”. We see examples of this everyday. People act the way they perceive themselves, and this is more often than not, drummed into them at a young age.

To put it into context… students fail because they are told that they are failures by parents and teachers. Babies are born “clean”. We interfere with their self image.

Success runs in the family… in the mind!

Maltz points out that disease and success carry through families because it is carried in your mind. If you accept defeat then you are defeated. It is all in how you think and how you behave!

Sean explains that you are better off moving in the wrong direction than not moving at all. At least when you are going in the wrong direction, you can alter course and start going in the right one. It is important to set goals and move forward, otherwise you’ll live in the past. Negative feedback should be seen as a good thing. It helps you correct errors and stay on track. If you can remember that going off track, or off course is not a bad thing, it simply reminds us to re-evaluate what we are doing and self correct. Hopefully we have the self esteem (or at least a great mentor) who can help us find our way back when we stray too far off course.

A healthy self image allows you to locate the answer… to anything!

To Get a Healthy Self Image

Have a goal that is already in existence now and in actual or potential form. (have one that you feel is achievable, but remember to always aim for the moon, because if you fall short, you’ll fall amongst the stars)
Have only an end result in mind..… the “how” will be provided by your Automatic Success Mechanism or ASM (success drawn to you because you believe and trust it to do so- it’s your self image!).
Do not fear mistakes. Negative feedback is a vital part of your ASM. Negative feedback keeps you on course. It is a fact that you get more things wrong in life than right. Just about every super rich successful person has been a failure or broke at some stage.
Dwell on your successes. Your ASM will mentally correct errors until success is achieved. It remembers the successful motives and forgets the failed ones. Think about a basketballer and how he/she is able to achieve the successful shot. It takes pracise and refining or self correcting until the successful shot becomes a pattern in his/her subconscious.
Trust your ASM to do it for you. Focus initially on the end result. Hand it over to your ASM. Do not jam it up with “worry”. Sometimes you have to just “trust” in the universe and know that it will provide you with the solution you are seeking especially if you have a clear intent or know exactly what the end result is that you’re trying to achieve.

Rational Thinking

Sean and his family.

Your subconscious mind has no “will” of its own. It will obey your conscious demands (based around your self image thoughts). So it is through conscious thoughts that you are able to control the ASM. Using rational thinking to challenge your self imposed limits.

Habits

It takes twenty one days for something new to become familiar to you. This is when it becomes a habit and you become comfortable with it. A great exercise to test changing a habit is to try brushing your teeth for twenty one days using your other hand. At first it will feel really funny, then you will feel more comfortable with it.

You can use this concept by copying the habits of those you aspire to achieve the same results as, for twenty one days. Napoleon Hill also refers to the importance of copying and developing the habits of the wealthy in his book Think and Grow Rich.

Tips for Parents of Entrepreneurial children.

Cath and I in Surfer Paradise!

Why not teach your entrepreneurial kids to be disciplined to develop the habits of successful people. Do this by first noticing everyday habits of people around them and then discuss how their habits have contributed to their success by looking at their results. Have your children read biographies of successful people. Build your children’s self image. Encourage them to be leaders, promote public speaking, help them with enterprise and celebrate their successes. Challenge them with exercises to change the way they do things.

There is plenty more to share from Sean Rasmussen ’s Boot Camp, and we look forward to introducing you to just some of the gorgeous people we met and were inspired by. We will also talk about Sean’s formula for success and the three reasons why people are not making money now!

Kit and Chayse and a Lesson on Self Efficacy!

November 1st, 2012

Kit has decided to form a partnership with Chayse with his Lolly Bag Enterprise for Kids Business! He figured that his Dog Walking business was moving too slowly, and he saw how easily Chayse was making an excellent profit. So they joined forces and together visited the local supermarket to spend their capital on buying large bags of confectionary. This time they were very serious and bought $230 worth of lollies!

The Production Line

Once again the family pitched in around the dining table to sort and bag all the lollies. Before long Kit and Chayse, in partnership, were ready to go out to the sporting grounds and sell their product. Click here to view a video of Kit and Chayse’s production line!

This time round was a little different though! Our kids had been taught and now understood the value of gifting (An Entrepreneur’s Conscience). Taking a small portion of their profits and giving it towards a worthy cause, teaches the kids about generosity and about appreciating their own good fortune. We also believe that by giving, the universe in turn will give back in some way or form. Flynn, for example, is putting money to one side to give to our African sponsor child Cheroko. Amber has chosen to give to the Cerebral Palsy Association because she has a school friend with this disability. Kit and Chayse have chosen The Flying Doctor Service as their charity because the Flying Doctor really helped us out when Kaitlin was born in a very remote Kimberley town. (Kalumburu).

Designing the For Sale Sign with RFDS as the beneficiary....

All the soccer lads checking out their lollies.

Watching Jai in action at the soccer fields!.........

.....whilst the boys sold their wares

So armed with renewed confidence, the two boys did the rounds of the sporting grounds and sold box after box of lollies. They were magnetic – attracting people from all over the place. Just like the Mr Whippy Van!

The boys were very good at counting money and giving the correct change. They did at first need prompting to approach groups, and to say thank you. However, after a while their confidence grew and they happily spoke with customers. There were lots of questions about what they were doing and why they were selling lollies. Kit and Chayse would tell people that it was their business and that they were also giving a little money towards the Flying Doctor’s Service. People were all very happy to support their business and some even bought lollies just to have a chat with them!

On a later trip to the sporting fields I was super surprised to find that young Chayse had taken it upon himself to gather up his heavy box of lollies and head off down the lines of spectators. I had no idea that he had gone as I had been focused on watching Flynn playing his soccer game. I was suddenly alarmed to notice that the lolly box had gone from under my feet and that Chayse was no where to be seen! Looking around I could see some commotion about fifty metres away. It was Chayse with a crowd of people buying his lollies.

I was very proud of the little “fella” as he had proven that he was developing his self efficacy with being an entrepreneur. Through many weeks of shyly putting himself out there with his customers selling lollies, he had finally built the confidence to go it alone!

If he keeps this up he will be an awesome young entrepreneur when he grows up!

Cathy and I have been learning the importance of self efficacy at our Money Mastery Course from our mentor Paul Counsel. He explains that it is very difficult to just switch and be an entrepreneur. What we need to do is to build up to being one by pushing our upper limit continuously. That is done by doing things that take us out of our comfort zone. Take on new challenges and then celebrate the success, then repeat it over and over again. Eventually you become comfortable with being uncomfortable, which in turn open up new possibilities and attracts opportunities. This is exactly what has been happening with our four year old son Chayse… in fact it has been happening to all of us!

Kit also demonstrated his growing confidence only a few days ago. He said that he wanted to take his Enterprise for Kids lolly business down to the local skate park all by himself. We agreed to his request and let him go. His big brother Flynn was instructed to follow behind at a distance to make sure he was OK.

Self Efficacy!

Well Kit sold a bunch of lolly bags and on returning he announced, “A Granny gave me a big cuddle and kiss!” Not sure what he was going on about we asked him to explain. Kit said, “She was really happy to see me doing my business. She bought some lollies and then gave me a cuddle.”

Two young Entrepreneurs....

....share their rewards.....

......with the RFDS.

You can donate directly to: www.flyingdoctor.net

We believe that our enterprising children are experiencing mindset shifts to think more and more like entrepreneurs. It will be interesting to see how this changing mind set effects the way they approach their enterprise for kids ventures. It all takes a lot of practice and confidence. In later blogs we will talk more about self efficacy and how our other children are moving along with it and we we also share our own enterprising endeavours!