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Mike O’Hagan

He gets more done in the morning…starting at 4am.

His mind is most fertile in the early morning.

Conventional teaching knocks out the entrepreneurism in you.

He looks at a product and if it is good he scales the product.

Build slowly…bootstrap.

Aim for lifestyle.

Entrepreneurs can restructure when there is a downturn. Committees cannot.

Offshore as much of the company work as possible.

The Philippines is the third largest English speaking country in the world.

The Philippines has 107 million English speaking workers. CPA’s work for $100 a week.

There are 1.2 million Filipino workers that work in American businesses.

The world has gone flat. Globalization has taken over.

Cloud computing can let you transfer most of your work.

The trust factor is coming back instead of contracts.

In lawsuits, there are no winners.

Hong Kong and Singapore are the flavors of the month for running a company because they have low taxes and safety from lawsuits.

You only pay tax on what you bring back into your own country.

Placing corporations in Hong Kong is a great asset protection strategy.

To start a foreign corporation makes sense after 50k profit a year.

Think globally…the next move will be selling to the Chinese, especially organic products, weight loss powders etc.

Chinese don’t trust their own food.

Chinese will buy original products, not knockoffs.

Hire Filipinos for website building, accountants etc.

Several ways to hire people offshore.

Staff leasing

www.odesk.com

www.freelancer.com

Buy from China through AliBaba.com

The Philippines is the country of choice to work in

88% Catholics

107 million English speakers

High unemployment

Visit www.mikesmanilatours.com to learn how to set up a Filipino  company.

Training on the do’s and don’ts of global sourcing.

Big cities like manila are best for very experienced tech workers.

Small towns are better and cheaper in most cases.

One of the secrets is to assemble your workforce in one place.

You could start a business tomorrow in the Philippines for less that 10k…that includes everything!

Bootstrap your business, systemize, and apply what you’ve learned.

Try many things and ways of doing things. When you hit on something, systemize it.

He started his 30 million dollar company with $200 dollars.

Not knowing what you’re doing in a business can cause solutions no one has seen in that business.

Find the gap in the market and find the solution

Make it in the East, sell it in the West.

You can roll around in your RV and run your business from your computer.

To run a successful kickstarter campaign, you need to hit it real hard the first week…have everyone contribute that week.

Set your business so you don’t have to work it. Don’t be lazy but don’t get trapped in a business.

Service businesses are the easiest to start offshore.

You need to see how it’s done in person and you will catch on much quicker

If you have a product, build a false website that receives credit cards. Don’t run the credit cards, and if you get enough orders, then go and make the product.

Opportunities are in everyday products. Find a problem and bring a solution

If a business is failing, don’t keep riding a dead horse. Get off it, and find another.

We are the sum total of our opportunities. The more opportunities, the more you’ll be successful.

One way of testing a product is taking it to stores to see if they’ll buy it.

Corporate business models do not work with small startups.

Try three things in three different ways all at the same time. Pick the one that works best.

Change is the greatest opportunity we have today.

Work on your business, don’t work in your business. When he started his furniture moving business, he told others what to do.

Don’t bet the farm. Use your discretionary income.

You learn business from other business people.

The Filipino government will pay the first 6 months wages of a newly hired University graduate.

You don’t need to know your trade to do it. In fact, it will be an asset that you don’t know it.

Don’t go into any areas you know.

Contact Information

www.mikesmanilatours.com

‘Google’ Mike O’Hagan

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Lauri Flaquer

Most people have an idea who they want to be but it is taught out of them.

At retirement or downsizing of a company is your opportunity to seize the golden ring.

You can bring what you have done all your life and now apply it to your passions.

Now you can do what you always wanted to do.

Some are doing their professional career along with their passions.

Always go to your passion.

Your keystone habits affect all your habits.

If you create 50 videos on anything, you are going to get good at it.

What is worth well, is worth doing poorly first.

Boomers are much more resilient than later generations.

Be afraid of fast money. You usually end up losing money.

It´s not just making money; it´s doing something that you care about.

You need to be in line with your personal values.

You´ll be paid at the level that you deserve.

Focus forward.

Get a Google Handout on air.  This is just like having a TV show. You can monetize Google Air broadcasting.

You should triple your investment on any training course you take in a short period of time.

Be an early adapter. You need to incorporate technology to make your life easy.

Natural aging of the brain doesn’t happen if you fully use it.

Gray matter shrinks from non-use. There is no aging of the brain. It´s the use that determines in increase or decrease of the size of your brain, not age.

Because a company no longer sees your value, it doesn’t mean you are valueless.

17,000 baby boomers are retiring everyday today for the next few years.

Use the knowledge of your past to set up new applications for the freedom of today.

Once you´re retired, you can apply what you have learnt in new ways by for example, consulting, writing a book, speaking, etc.

With today´s technology, you press a button for broadcast and you´re live. Not like the past.

Look at your life as a work in progress. Having a low ego is best for learning.

You must create relationships with people outside your field.

One of her students said he 9000 failures but 8 successes and he has done well with that.

Keep going, don’t let failure stop you, let it motivate you.

Take post it notes of two colors, use one color for all your skills and list at list 20 skills with at least a few words. Then put then in order of what you´re best at, down to what your weakest skill is.  Then write number one to thirty, or whatever number you did. On the other color, write your passions. Again do as many as you like, with the strongest ones first, down to the weakest. You can put it on a spreadsheet if you like, and you want to match your top passions with your top skills.  Choose the first seven of each group and match them up.  Now figure out what business you can do with these skillsets.

Take this new information and go to a field which you´re passionate about. Tie the two together, and then you will feel that you´re not really working anymore, just enjoying it.

Write a parable about your passion.

Write a book and speak about your passion.

How can you relate what you are passionate about to the world and how can you monetize it.

Start doing videos and interview experts in your field.

Just keep sending out your message in every way you can think of.

There will be a few thousand people in the world that can be your clients, your tribe.

The media loves sensational stuff.

Creativity needs to be channeled and applied.

Do a bunch of live broadcasts and public speaking to your potential tribe.

Passion is realized in different ways by each person.

Before writing a book, do some marketing so that you will know what to write about; market to the people who are already looking for what you have.

If you write a book, you might not have an audience. Get your audience first, and then write the book.

You might think you have the greatest product in the world, but may there´s no market for it.

You can have an idea that would have been great at the right time, but that time has past or your idea will not work until some future date. You are ahead of your time. You don’t want either of these scenarios.

Timing is everything.

The playing field for publishing has become a level playing field.

You need 100,000 plus people in your database if you want to have a national publisher pick up your book.

Depending on what you publish, you usually need a kindle version. 40% of all readers read Kindle versions today, 2015.

Age and type of book could be up to 80% Kindle.

Children´s books and travel books are still mainly in book format, not Kindle.

Have an editor for everything you write.

You also need someone who is good at book development.  Lauri  Flaquer helps many people with book development.

When you are writing, see it as a revenue stream and see how many streams out of it; audio book, etc.

Some consultants charge a percentage of all the new business they create for a company with no upfront fees.

She would like to create a group of ten baby boomers to take her program in the Dominican Republic which is an all-inclusive resort for five days. She charges $10,000 per person. She already does other groups, but she would like to create an exclusive baby boomer group and this includes a one year mastermind group after the five days.

Most of her students after that year create their own courses and mastermind groups.

Lauri says to email her about your dreams and ideas. She wants to help.  lauri@successwithsaltar.com

Author Contact Information:

Website

successwithsaltar.com

YouTube Channel

Focus Forward

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Jim Palmer

Indecision hurts and kills a business.

He´s created a word “Squeamish ville” which mean it is where opportunities go to die.

Right now is the best time to start a business.

Momentum if you keep building will carry the day.

Ideas are cheap; action is where the money is.

You could have some latent talent that in later life you can exercise.

Go to Google to see how many people are searching for your product or service or what can I offer that´s already being searched on Google?

Create an e-book on a subject matter that you can do better than anyone else.

Here is the secret to whatever and then sell that secret.

Create an information product on something.

You need to get people to know you, like you and trust you.

Offer a free product in exchange for their email address.

Start with a low-priced item; say $9.95, to get your first chargeable sale.

You must stair step up to the bigger products.

Giving away free information sometimes makes sense but that is not the only option. You must gain people´s trust.

Another technique is give something away for free without any option required initially but have an option box available there and these that opt in on their own are the most valuable customers.

Invest in a coach who has already been down the road you are travelling on.

You need to have a service or product to make a living, create one!

Don’t do business on your own;  read, consult with others, research, what´s growing, what´s shrinking, what are the competitors charging?

Some monthly continuity programs charge $7 a month and some are as high as $30,000 a year.

Usually specializing in a particular area, you can charge a lot more.

If there is a lot a people in the field, that is a sign of money. That is a good thing.

It is all about marketing. You can have an average product and be successful. 

When you have a list of customers, give them more of what they have already been buying.

Survey the people you have. Let´s say you have 1000 emails on your list, email them saying “I´m thinking about bringing out another report” and give them three options you are considering and ask them which one they would like to see first and also what product they would like to see that hasn’t been mentioned.  If 30 people responded out of the 1000 and said they want a particular report, it’s the tip of the iceberg, you got a winner.

Writing a book will help you become famous.

A thirty-page eBook can sell for $99 and 300-page book might only sell for $19.95.

The benefit of a real book is it gives you credibility, positioning, prominence in people’s mind, when you say you are a published author.

Everyone needs a book editor. Self-publishing is often the best way to start and also offering it as an audio book. Do the book in your own voice, they´re connecting with you unless it´s a novel. A smaller book will usually not have a big an effect than a large book. You could write a 200-page book in sixty days if you have someone like Jim Palmer helping you. Depending on how many relationships with people you have, it will take time to build up your name. Besides the amount of money you can charge, writing the book is the easiest part; marketing is the hard part; going on talk shows, public speaking, book signings, etc. 

You must want something bad enough that you will work harder than you ever had before to become a successful entrepreneur.

Age is not an obstacle. Colonel Sanders of KFC was 68 years old when he started his entrepreneur work.

A new venture can take 6 months to a year before it really starts producing.

Author´s Contact Information:

Website

www.dreambizcoaching.com

www.thenewsletterguru.com

Email

guru@thenewsletterguru.com

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David Cohen

His book is called “Bust Out!: Ignite Your Inner Entrepreneur”

He started his businesses on a shoestring.

Do a self-analysis of what you would be willing to do all day and get lost in it.

Then figure out who your customers would be and do some market research. Talk to people.

Figure out your customers’ pains.

Perform secondary research to see how the industry is doing. Is it growing, shrinking, or stable?

Study the leaders in the industry and see what they are doing.

Look at what their websites look like.

You need to do R&D…rob and duplicate.

You have to go to field where you can make a living.

See if you can be a marketing representative in your field initially in order to get your feet wet.

Register a good business name and get a good logo at www.fiverr.com.

Create a three-page website with who you are and how you will solve various problems.

Network with groups at places like industrial tradeshows

LinkedIn is the best social media site for businesses. Think about who your customer is and who he/she would be.

1^st-LinkedIn 2^nd-Facebook 3^rd-Twitter as far as establishing a presence on social media.

Join other groups and write articles regularly.

Join groups first; start yours later.

Track the keywords that people are finding you with.

On your LinkedIn profile, state who you are, for whom you work, and how you will solve their problems.

Offer your consulting services right from the beginning.

Create an EBook or regular book as soon as possible to show credibility.

Bring your books to any meeting in order to sell to people at the end of any talk.

Use your eBooks to trade for people’s email.

3-6 months into your new business, create a consulting package—books, tapes, mastermind groups, and consulting.

Approach both sides for your business idea. If you are dealing with firetrucks, approach both the manufacturer and the fire stations.

Let the manufacturers know that you have connections with the fire stations and vice versa.

Again, connect with trade associations, city planning departments, tradeshows.

Offer to speak for 30-45min at these tradeshows and sell your books. Some tradeshows will also pay you for speaking.

How much did it cost you to get to this point? Only about $2k.

From here on, bootstrap. Let the sales and profits finance each new step.

You should realistically make 30-40k your first year with a 20% increase each subsequent year.

Coaching can increase the speed of your success.

Go to the local economic development office for help.

Use your local library—much info there.

Some libraries have all the equipment for radio, podcasting, and video recording.

Use www.kickstarter.com and www.indiegogo.com when you have a product you are developing.

Look into micro loans and decide what you risk tolerance is.

Ask the help of your bank. They usually have a business rep. who will give you free help.

Use crowd funding and community funding.

Banks will often give you low rates for a signature loan. Try them first.

TV is not the best for most businesses initially.

Join www.toastmasters.org 

Speak at tradeshows and at every market event you can.

See what associations have a budget for speakers.

Write in periodicals. Start a YouTube channel.

Focus on one field at a time.

The bigger a problem you solve, the bigger the pay.

Don’t be afraid to learn new things.

The best time to start a business was yesterday. The next best time is today.

Take baby steps if you’re in fear. Start a part time job and work the business part time.

Learn how to sell and how to position yourself.

What nuggets have you learned in life that you could sell?

Teach a college course on your specialty.

Contact info for David Cohen

Author, speaker, coach, lover of jazz, coffee bars, good conversation and baseball

The Boomer Business Coach-Helping Baby Boomers Do a Business they Love and Do it Successfully

www.theboomerbusinesscoach.com

416-630-3527

Be sure to check out our book...Bust Out-Ignite your Inner Entrepreneur now on line at Amazon at... http://www.amazon.com/Bust-Out-Ignite-Inner-Entrepreneur/dp/0986678961

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He is a parallel entrepreneur—runs four businesses at the same time.

Learn from friends who own their own businesses.

Use what you know and who you know.

What can I apply to all my businesses vs. what is specific to each?

Investigate your hobbies and see if there is opportunity to build a business there.

Use your skills to consult for previous employers.

LinkedIn in a great place to get your name out there.

Use business events to network and meet clients, employers.

Get a business card for meetings and conferences.

When starting your own business, sketch a brief plan first in which you outline milestones and the tools you need to achieve them in the desired timeframe.

Ask yourself what are you skills, and who will your customers be?

Contact major publishing firms and ask editors if you can write articles for them.

Write a blog and send it for publication in the field to build yourself a reputation.

Identify a market and do keyword searches on different social media platforms.

¾ of all tweets have links to other sites.

Tweet things with links to articles that reference your work.

Comment on articles in similar fields as yours.

Use your blogposts to create and eBook.

Offer the eBook free to those who provide their emails.

Figure out what you want to offer, to whom you want to offer it, where to find those people, how to inform them about the product, then finally how to get them to buy it.

If you are burned out in your current career path, take one of your passions and monetize it.

Ask yourself what you’re good at and how you can apply it.

You have to embrace technology.

Social and Suggested Sites

http://www.businessbyday.com/ (his website)

https://www.facebook.com/businessbyday (Facebook)

@RickAMDay (twitter)

https://www.linkedin.com/in/rickamday (LinkedIn)

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1. Don’t worry about your start…it’s about how you finish.
2. You can become your own worst enemy. Don’t work against yourself.
3. He left material possessions behind in order to follow his dreams.
4. Losing him job was actually a blessing as it allowed him to follow pursue his passions.
5. Dreams are the first step. You must dream success to become successful.
6. Follow your hobbies and find something that resonates with you.
7. Sometimes you have to get rid of excess baggage that might be slowing you down.
8. Don’t be attached to a job you hate, even if you’re making a lot of money.
9. Establishing a social media presence is essential- Twitter, Facebook, LinkedIn, Instagram Pinterest
10. Twitter is a good start because it is not a fully mature platform. Having pictures of yourself is essential though.
11. Thank people for their respect.
12. Use open ended questions.
13. Facebook is useful because you can show your (smiling) face.
14. Build a free website.
15. Have a good handshake and be professional.
16. Have an elevator pitch.
17. Create a good book idea and send it to publishers in the field.
18. Even if a book only takes a month to write it can take up to a year to publish.
19. Find what you love to do and you will never work a day in your life.

Social and Mentioned Websites

• Twitter-@WarrenBobrow1
• Email-jockeyhollow@mac.com
• Instagram- warrenbobrow
• Website- http://cocktailwhisperer.com/

Books

• “Apothecary Cocktails: Restorative Drinks from Yesterday and Today”
• “Whiskey Cocktails: Rediscovered Classics and Contemporary Craft Drinks Using the World’s Most Popular Spirits"

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