31 Step Success Building Starting with a PENNY
...
DAY 61

UPDATE: Wednesday, 20-Apr-2005 6:38 AM

Interesting topic for today... Here I am in the wee hours of the morning, and in about 3 hours I have to be at the airport to catch a flight back to Baltimore!

That gives me just enough time to talk about what's on my mind today.

What is on my mind is a very good question posed by a friend I have known for about 20 years. He got into a conversation about what I am doing, and at the risk of revealing the entire operation I went about explaining the objective.

Then I proceeded to only mention how to find it. I never tell anyone the domain name. I just say "do a Google search for a 31-STEP Penny" type of search and you'll find it.

The reason I do it that way is that IF/when someone is truly interested in the subject content, they will take the time to search and find the site.

Otherwise, they are just nosy and need to not bother.

Anyway, the Gentlemen, who I will call the Oracle of Dublin asked me this question:

I am sure I can get the first 20 or STEPS done quite easily BUT what will I do after that? It seems to me that your problem is not the START, but the finish.

To the question I paused for a moment and then thought about all the DISCOVERY that I have experienced over the past 6 months.

Had I done something like START at STEP 25, would I have found some of the revenue generation ideas that I have?

Would I have lost lot of the investment capital because now is *not* a good time to enter the market?

Would I have spent all this time researching some of the wonderful advertising and marketing ideas that I have discovered for my two other projects?

The answer is NO.

By going about it the way I have, I have stumbled and discovered some wonderful ideas.

I have had time to explore and build my thoughts, ideas and even a bit of time to test some theory and make adjustments to better grow my vision.

In the end I think the whole concept matured and expanded at the right pace because I started with ONE PENNY!

So, my advise to the Oracle of Dublin was that he should start at the FIRST STEP and fill the glass vase that was on his coffee table with coins and then bills that he did not need.

And for the capital that he would build, well, he had to get creative.

His oldest daughter is off to college next year, so this was a good time to get things going. Well, really, there is never a bad time.

The most important aspect of this is the START.

The rest will just about naturally flow into place as each step is worked on.

And, you know what. This is just pure fun! It's a learning process. It's discovery. It may at times be insane. It may at times be laughed at or completely dismissed.

SO WHAT?

What ever the external feedback, don't worry. It's your process.

It's your Personal Success program. It's your Business Success program. It's your Financial Success Program.

Write it down. Write down your goals. Write down your fears. Write down your mistakes. Write down what you will do to make it work.

Get that first step done. Then come back to the same place as I have done for many months, and update it.

Keep making the time that you need for all of this available. Would another football make you feel better than watching your family build sand castles on the beach?

IF you find the focus difficult issue, just do as I have done: Sit back and close you eyes. Then watch as your kids or wife or friend sits next to you looking at open waters in your horizon as you use about 20% of the proceeds from ONE STEP to have a vacation.

Just imagine...

Then that football, or basketball or what ever ball game will not be that important. You can catch the highlights later from a talking head on TV.

So, anyway, the START, the PROCESS and the TIME to do all of this should not be an issue.

What is import is the start. What is important is the effort made for the progress.

Remember, process can even be a STEP backwards! Yes, even failure is progress. Failure is only failure IF you quit. Otherwise, failure is just a lesson that will save you later.

For example, consider this: Would you rather make a 20% stock portfolio loss with $10,000 in your account or with $1,000,000 in your account?

If you make several mistakes when you have less money under management, you are most likely to NOT make an error later on with 10 or 20 or 100 times that amount under management.

So, what next?

Just DO IT. Just GO FOR IT! Carpe Diem!

Success. Sam. Got a busy day. Hope you'll have a good one. Take care. I'll catch you back for a weekend wrap up. OR who knows, I'll find the time to do a 'blog update from 38,000 feet again!' OUT!

BACK to DAY 60 | NOW DAY 61#1 | NEXT 61, #2

 

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Legal Note: I am not a Financial Advisor, Lawyer or Accountant. If you are going to do this on your own seek professional help when you need it. Through this site, my BLOG, I am simply sharing my thoughts, goals, and showing what I am doing. Collectively "INFORMATION" that you can read to follow along. Otherwise, go here...

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UPDATE:
------------Business Success Wisdom for the Day:



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Below are links to my thoughts, comments, actions, results and a BLOG as I take ONE PENNY (USD$0.01) and double it thirty one times utilizing a 31-STEP Success Plan™ in an effort to build the PENNY to USD $10,737,418.24:

STEP 01: $0.01
STEP 02: $0.02
STEP 03: $0.04
STEP 04: $0.08
STEP 05: $0.16
STEP 06: $0.32
STEP 07: $0.64
STEP 08: $1.28
STEP 09: $2.56
STEP 10: $5.12
STEP 11: $10.24
STEP 12: $20.48
STEP 13: $40.96
STEP 14: $81.92
STEP 15: $163.84
STEP 16: $327.68
STEP 17: $655.36
STEP 18: $1,310.72
STEP 19: $2,621.44
STEP 20: $5,242.88
STEP 21: $10,485.76
STEP 22: $20,971.52
STEP 23: $41,943.04
STEP 24: $83,886.08
STEP 25: $167,772.16
STEP 26: $335,544.32
STEP 27: $671,088.64
STEP 28: $1,342,177.28
STEP 29: $2,684,354.56
STEP 30: $5,368,709.12
STEP 31: $10,737,418.24

 

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