The New Economy: Entrepreneurship, Part One

[This is the transcript of a lecture I am preparing to give around the country. If you are in Las Vegas, contact me and I would be happy to deliver this lecture to your group over the next 60 days.]

downloadThe world is changing faster than ever. What used to take decades, is now taking years or months. And indirectly as a result of these changes, we have two looming crises, the elderly retirement crisis and the college-grad employment crisis.

Rumor has it that corporate America is not a safe place to work anymore. We’ve seen our friends get laid off or maybe we’ve been laid off. Some of those who are still working have had their pay cut. So Americans are overworked and underpaid and they seem to have less time and less freedom.

And there’s something wrong with society when we can measure at a national level, a 35% increase in the chance of a heart attack every Monday morning as people rush off to their jobs.

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As of April 3, 2015, the Economic Policy Institute reported that,

In a complex economy, conventional measurements fall short. At 14.5 percent, the unemployment rate of workers under age 25 was slightly over twice as high as the overall unemployment rate, 6.7 percent.

 

But in today’s labor market, the unemployment rate drastically understates the weakness of job opportunities. This is due to the existence of a large pool of “missing workers”(3.3 million-adds at least 3 points)—potential workers who, because of weak job opportunities, are neither employed nor actively seeking a job.

 

In other words, these are people who would be either working or looking for work if job opportunities were significantly stronger. Because jobless workers are only counted as unemployed if they are actively seeking work, these “missing workers” are not reflected in the unemployment rate. http://www.epi.org/publication/missing-workers/

Technology is accelerating and job security is rapidly declining. It just doesn’t seem like the 20th century models of making a living are as reliable as they used to be. In nearly every aspect of our lives we are adopting newer and better way to do things, but when it comes to earning a living, we are still stuck in the old ways.

We live in the greatest country on the planet but there are a lot of people sitting around being cynical. I say get a clue, there is a huge difference between “3rd world problems” and  “1st world problems.” People are complaining and whining about the upsets of the old model when the obvious conclusion is to leave it and embrace the new model, the new economy, and that is what we are here to talk about today.

imagesSince so much of our lives revolve around our work and the way we make our living, many people are thinking, there just has to be a better way.

The biggest challenge facing our world today is not making money, but what to do with all of the displaced unemployed people. With all of this transformation around us, people are being forced to make changes in employment and lifestyle, but they are frozen by indecision, afraid of making the wrong new career choice or afraid they don’t have the right skill set.

It’s time to face the truth: the industrial age is dead.

And as a result, going to school to be educated for employment is fast becoming an obsolete idea. A steady paycheck and the security of a single employer is an anemic industrial age idea.

Watch for Part Two

Ideal LifeVision: Ann Webb

Ann-Webb-headshot-300x30015 years ago, I sat in the living room of a female student of mine.  She was a mother of 5 and had an idea she wanted to share with me.

She was shy and nervous. She fumbled and struggled to share what was in her heart.

I praised her for the effort and thought little of it. To my surprise, a decade and 1/2 later, Ann Webb is the owner of 2 businesses earning a multiple seven figure income, has a happy and fulfilling family life, is having real impact with her LifeVision students in Africa, and is a founding mentor in the Conscious Creator Mentoring Network.

In a recent telephone conversation I asked about her mission and she said, “The best part of what I do is seeing hundreds and thousands of lives change and transform as they begin using Ideal LifeVision in their daily routine.  You see, in my experience, most people that I meet are unhappy with the results in their lives and at some point they express this burning desire to re-invent themselves.

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‘Why? It’s very simple, they don’t have the body they want, the money they want, or the relationships they want.  And even though this is the reality for most people, that ability to change the status quo and create the life they have always dreamed of appears impossible.

‘Because the truth is, they have no idea how to get clear on what they want or even why the things they’ve tried in the past have failed to deliver the results they were seeking. So over the past seven years, I’ve had the chance to guide thousands of people from all over the world through the sometimes rocky journey of living their ideal life.”

Click here if you want to hear more of Ann’s story. You can access all of Ann’s process including videos and other helps by enrolling in her short course on the Conscious Creator Mentoring Network. 

 

 

 

 

 

“It’s Like An App Store For Mentorship”

 

Buckminster Fuller

Buckminster Fuller

What do Buckminster Fuller, Peter J. Daniels, and Andrew Carnegie all have in common?

  • They each achieved huge fortunes.
  • All three greatly influenced the politics of their time.
  • Each made philanthropy or the giving away of millions of dollars a major focus.
  • And each started out poor, uneducated, with no special advantages of birth, pedigree, or station.
Peter J. Daniels

Peter J. Daniels

Within the biographies of each of these men can be found the secret to their vast fortunes and lasting influence:        PERSONAL DEVELOPMENT.

The life of each man tells a similar story of finding themselves in a place of extreme physical discomfort, no father figure to speak of, and a fervent search for a way to improve their situation.

Each had a defining moment when they realized they were of value and they worked very hard to improve their knowledge of the world, their language and communication skills, their business knowledge and skill set, their financial standing, and their relationships. And they did it through what we call Personal Development.

Andrew Carnegie

Andrew Carnegie

Most Americans spend way too much time (nearly 6 hours per day) engaged in entertainment and frivolous pursuits–and almost no time in personal development.

What would happen in our relationships, our careers, our community involvement, and our understanding of God and the cosmos if we took just 1 hour a day from our less lofty pursuits (mindless texting and Facebooking and gaming) and used it to improve ourselves?

Seriously…what would happen?

We all want to do better. We want to be better, feel better, have better relationships, provide more and help others more.

A person I respect once said, “the most dangerous information in this entire world is what we don’t know.”

And what we don’t know may just be the difference between an exciting passionate marriage and “just hanging in there.” What we don’t might be why we can’t seem to go to the next level in our business or in our relationships with our children.

I am not trying to add more to your plate, I know it’s already full. But I am suggesting that you take a minute and check out The Conscious Creator Mentoring Network and see if you can find something that might be worth trading for an hour of internet surfing or Facebook.

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If you want a more in-depth sneak peak into the “Vault,” reply to this email and I will be happy arrange that.

 

“It’s not that they can’t see the solution. They can’t see the problem.” – G.K. Chesterton

“He who asks a question is a fool for five minutes; he who does not ask a question remains a fool forever.” – Chinese proverb

The Unfair Advantage: Personal Development

The secret to success is no secret at all. If you want to get ahead in life, if you want a moral but unfair advantage over your competitors, if you feel you could do or be more than you currently are, personal development is your game.

Whether it be the struggling network marketing professional or corporate ladder climber or a self-made business man, every person whom I have interviewed and the numerous biographies I have ready of the rich, powerful, and influential, the same theme of personal development runs consistent and deep.

It was only when they buckled down and improved themselves by their own effort did the success come.

But what is personal development? Simply put, personal development is self–motivated education. It can be acquired by many different methods; online, live or recorded seminars, conferences, conventions, self-study at home, reading books, webinars, local colloquia, formal schooling, etc.

The only thing that clearly defines it is that the student is self-motivated and engaging the education out of an inner burning desire to increase in one or more of the following:

  • knowledge and wisdom
  • spiritual, emotional, and physical growth
  • developing and increasing personal and institutional skills and habits
  • enhanced relationships
  • building wealth and financial security
  • creating legacy

Going to college only counts as personal development if you were there out of an burning desire and self-motivation to grow and develop. Being forced or guilted by your parents doesn’t count. Attending primarily for the party life doesn’t count. Enrolling out of a fear of missing out doesn’t count.

In my years in higher education, I have interviewed thousands of college graduates and active and inactive college/university students. More than 80% of them reported having either gained very little from their college experience other than a spouse and huge debt or that it was a complete waste of time.

This is NOT personal development.

Personal development is the result of an internal drive that says you just have to know, learn, and grow or you will explode! If you have every felt this, you know exactly what I mean!

In my adult lifetime, I have spent more than $90,000 on personal development. Currently, I am spending from $5,000 to $12,000 per year and the dollar amount seems to be growing each year. Some family members asks me, “you already have 3 degrees and run a college, why do you need more education and training?”

They don’t understand.

Personal development is like climbing a peak and thinking that you have accomplished a lot, and then seeing all of those other higher peaks in the distance.

I can’t imagine ever reaching a “good enough” level in my understanding of the world, politics, or history. The more I put into my businesses, the more they produce. Why would I stop?

I have lifetimes of growth to accomplish when it comes to my relationships with my wife and children. The more money I make, the more I want to live life more fully, to help make the world a better place, and leave a legacy.

“Good Enough” is just not in my vocabulary.

So I always encourage personal development, and in fact, besides running a school, I am a mentor in a personal development group called Conscious Creator Mentoring Network.

In the articles that follow, I will be highlighting a couple of mentors in each article from the Conscious Creator Mentoring Network so you can meet them and experience a little of their wisdom.

Some of the incredibly talented mentors that have been brought together in this program are:

LES BROWN

LES BROWN

As a renowned public speaker, author and television personality, Les Brown has risen to national prominence by delivering a high energy message which tells people how to shake off mediocrity and live up to their greatness. It is a message Les Brown has learned from his own life and one he is helping others apply to their lives.

Les has had no formal education past high school, but with persistence and determination he has initiated and continued a process of unending self-education which has distinguished him as an authority on human potential. Les Brown’s passion to learn and his hunger to realize greatness in himself and others helped him to achieve greatness.

He rose from a hip-talkin morning DJ to broadcast manager; from community activist to community leader; from political commentator to 3-term legislator; and from a banquet and nightclub emcee to premier keynote speaker.

Les Brown is one of the nation’s leading authorities in understanding and stimulating human potential, utilizing powerful delivery and newly emerging insights to teach, inspire and channel people to new levels of achievement.

MARCI LOCK

MARCI LOCK

Marci Lock is known worldwide as “The Body-Mind Mentor” and the Game Changer for teaching people how to get their Rockin’ Body of Health and Ultimate Life.

As a Nutrition, Fitness, Mindset Expert and Transformation Mentor, she has appeared on TV around the world. She hosts her own TV and Radio Show, speaks globally, and is a bestselling Author.

She is passionate about changing lives around the world through to get the Rockin’ Body and Life of their dreams by breaking down the barriers to get and keep Breakthrough Results.

Her unique “Lock Formula” implements ALL Components; through her programs,books, and on her regular Marci Lock “Influential TV show, ” she has touched and transformed thousands of lives through her Mind Body Breakthrough Program, Goddess Revolution Experience, and her Corporate Wellness Programs.

ALEX DEY

ALEX DEY

Dr. Alex Dey is considered the number 1 Hispanic Speaker and Instructor in the art of selling,negotiating, self-improvement,   and self-help. With over 30 years of experience, Alex has trained large sales teams for many renowned corporations like Mercedes Benz and Pepsi. He is the Creator of more than 27 personal development programs and has authored nearly a dozen books including the bestselling titles like: The Seller’s Bible, Believe It, Yes You Can, and Take A Chance, Everything Will Be Fine. Which have gone on to sell millions of copies.

The American Cultural Institute of Mexico has honored him with the Doctor Honoris Causa award. In his dynamic personal events he has trained more than a million people, has keynoted at more than 5,ooo conferences in Latin America, the United States, Europe, and very soon will be in Asia. Alex continues to speak with an average of 25 thousand people each month.

He is the Founder and President of the company Alex Dey Corporation where he has advised companies, governors,  and prominent politicians.

ANN WEBB

ANN WEBB

Ann Webb is best known as The LifeVision Expert” and has coached thousands of successful entrepreneurs and network marketers in clarifying their business and personal visions, resulting in more money, better relationships, and improved health and fitness.

Ann is the author and creator of Creating Your Ideal LifeVision, a revolutionary Home Study Course that has helped thousands of people start living their Ideal Life. She also certifies Life and Business coaches to use Ideal LifeVision as a tool and process in their own businesses.

Ann is the President of Global LifeVision, a humanitarian outreach program that involves facilitating adventures for those who want to serve and make a different in developing countries. She regularly takes expeditions to teach, train, and serve in Africa and India.

KEVIN HARRINGTON

KEVIN HARRINGTON

Kevin Harrington, chairman and founder of TVGoods, Inc., is widely acknowledged as a pioneer and principal architect of the infomercial industry.

In 1984, Kevin produced one of the industry’s first 30 minute infomercials. Since then, he has been involved with over 500 product launches that resulted in sales of over $4 billion worldwide with 20 products that reached individual sales of over $100 million.

Kevin founded Quantum International, Ltd. in the mid 1980s, which merged into National Media Corporation in 1991. Under his leadership as President, National Media reached $500 million in annual sales, distributing in over 100 countries and 20 languages. This company’s success has been chronicled in a case study at Harvard/MIT for over a decade.

Throughout his career, Kevin helped to establish two of the most important and recognized global networking associations: the Entrepreneur’s Organization, or EO (formally known as the Young Entrepreneurs’ Organization) and the Electronic Retailing Association, or ERA. Today, the EO has 113 chapters in 38 countries and more than 924,000 members. The ERA represents the $125 billion electronic retailing industry and is comprised of over 450 member companies and subsidiaries that use the power of electronic retailing to sell directly to consumers via television, radio, Internet and wireless media in over 100 countries worldwide.

Due to his extensive resume, Kevin was selected as an investor “Shark” on the ABC television series Shark Tank produced by Mark Burnett. The show gives budding entrepreneurs the chance to pitch their products to a panel of acclaimed judges in hopes of turning their ideas into a successful business reality. He recently released a book entitled “Act Now: How I Turn Ideas into Million-Dollar Products” that chronicles his life and experiences in the DRTV industry.

There are about 40 mentors total and we are just getting started.

Watch for more articles about the Conscious Creator Mentoring Network to follow in the near future.

We Are So Grateful!

I want to use this post to thank you for all the help we have received for the past two years.  Some of you have been on campus providing service – building trails, constructing buildings, placing water lines, mucking out stalls, building fences, and so many other dirty jobs.

downloadMany have helped by donating to Robert Morris Foundation, an institution that supports the development of our campus.

Thank you donors for your monetary support. We could not have achieved what we have without you. Every penny helps and we have millions to go before we are done.

To say that we are grateful seems weak and thin compared to how we feel about you.

Monticello College is a monument to you and your belief in all that is good and true and right.

Together we are creating an institution to stand the test of time and to be a beacon of light in a sometimes dark world.

 

 

Melt Down To A New Economy

Meltdown: A Free-Market Look At Why The Stock Market Collapsed, The Economy Tanked, And Government Bailouts Will Make Things Worse.” That is the title to Thomas Woods’ 2009 book. It is so good I am sad that I didn’t read it when it was first published.

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Please do not turn away in disinterest…I know this may not be your favorite topic, but the key to financial autonomy in knowledge and proper application…here is where it begins.

Thomas E. Woods, Jr. is an American historian, political analyst, and author.

Woods is a New York Times best-selling author and has published eleven books including the Politically Incorrect Guide To American History, and The Church Confronts Modernity: Catholic Intellectuals and the Progressive Era.

He takes the complicated and contrasting concepts of Keynesian and Austrian economics and simplifies them so even I can understand the differences and proper application of timeless principles.

F.A. Hayek

F.A. Hayek

He walks you through:

  • The basics of Keynesian Economics vs Austrian Economics
  • Historical perspectives regarding numerous so called American economic depressions/recessions and crystalizes the matter for maximum understanding
  • Fractionalization and monetary policy
  • The underground debate of American economic historians
  • How Americans never seem to learn from the past, especially our own past
  • The need for Free Enterprise and an Economic “government-free” mindset

Here are a couple of quotes from his books:

The economist F.A. Hayek won the Nobel Prize is economics in 1974 for a theory of the business cycle that holds great explanatory power — especially in light of the 2008 financial crisis, which so many economists have been at a loss to explain. Hayek’s work, which builds on a theory developed by economist Ludwig von Mises, finds the root of the boom-bust cycle in the central bank. In our case that’s the Federal Reserve Bank System, the very institution that postures as the protector of the economy and the source of relief from business cycles…the Fed…can expand and contract the money in the economy, and can influence the movement of interest rates upward or downward.

 

Looking at the money supply makes sense when looking for the root of an economy-wide problem. After all, money is the one thing present in all corners of the market, as Lionel Robbins points out in his 1943 book, The Great Depression. “Is it not probable,” he asked, “that disturbances affecting many lines of industry at once will be found to have monetary causes?  

John Maynard Keynes

John Maynard Keynes

Later Woods talks about the Keynes’s fantasy of a permanent economic boom:

In the short run the result of the central bank’s lowering of the interest rates is the apparent prosperity of the boom period.  Stocks and real estate shoot up. New construction is everywhere, businesses are expanding their capacity, and people are enjoying a high standard of living. But the economy is on a sugar high, and reality inevitably sets in. Some of those investments will prove to be unsustainable and will have to be abandoned, with the resources devoted to them having been partially or completely squandered. 

 

That is one of the reasons the Fed cannot simply pump more credit into the economy and keep the boom going. Yet the economist John Maynard Keynes–who is oddly back in fashion in Washington (even though his system collapsed in the in the early 1970’s when it couldn’t account for “stagflation”)–proposed exactly this: “The remedy for the boom is not a higher rate of interest but a lower rate of interest! For that may enable the so-called boom to last. The right remedy for the trade cycle is not to be found in abolishing booms and thus keeping us permanently in a semi-slump; but in abolishing slumps and keeping us permanently in a quasi-boom.” 

 

download (1)I highly recommend this book to all who want to understand what is happening around us economically and the proper and not-so-proper role of government vs free enterprise.

The Industrial Age (1850-1990??) was a time of massive upheaval regarding the manufacture and production of goods worldwide.

It widened the gap between capital and labor, owner and laborer.

In many ways the current collision of the Industrial and Information Ages has disrupted the order and balance of things far beyond anything we can imagine and with the advent of 3-D printing and things like nano-technology, stem-cell research, and the new relationship between manufacturing and advertising/distribution, we are most certainly entering a New Economy.

This new economy can be identified by key words and phrases such as “multiple-streams-of-income,” Network Marketing, Entrepreneurship, non-traditional business, and private retirement planning. Like it or not, the world of business is changing–and to survive–to succeed, we will have to embrace that change.

 

download (2)P.S. My wife has taken my constant dialog about Free Enterprise, American Economic Independence, and multi-streams-of-income to heart and has started her own company promoting skin care products.  I share it here only to exemplify the New Economy:

Look Ten Years Younger In 2 Minutes:

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