Topic: [ANN][NOTE]DNotes - Celebrating DNotes 3rd Birthday - Forum Now Open - page 7. (Read 814568 times)

Every month should be mentoring month - 70% of small businesses that receive mentoring stay in business twice as long as those who don't.

Digital Currency Weekly Recap 5-15-2016

Manchester Bitcoin Meetup Celebrates 200 Consecutive Meetups
New Breach of Swift Security Shows Bank Vulnerability
CoinFac Introduces New Quantum Mining Tech, Bitcoin Price Surges
Russian Ministries at Odds Over Anti-Cryptocurrency Laws?

http://dcebrief.com/digital-currency-weekly-recap-5-15-2016/

The following has been added to:


 Chapter 13 - Conclusion


Continuing Education:

Whether you are a young entrepreneur or a seasoned business owner, you should never stop working to improve your unique leadership skills. Knowledge is a powerful competitive edge for any entrepreneur, but one that must remain sharp at all times. An inspired and focused effort on continued self-improvement is the best investment of your time and money that you will ever make. That is why we are developing a membership site that will serve as a forum for those interested in further enhancement of their entrepreneurial skill sets.

Membership at The Four Pillars of Business Success site gives you exclusive access to information and materials that will expand on the concepts presented in this book. It will also provide you with access to Alan and his team - as well as a variety of useful and innovative tools designed to help your business succeed.

Chase, you are correct. Hiring in person business consultant is not cheap. I used to bill at $180 per hour for a minimum of 10 hour day plus travel expenses. That was 10 years ago. Today's rate is in the range of $250 to $400 per hour plus travel expenses. Frankly, the book with some e-mentorship is even more effective at a small fraction of the cost. I am very passionate about helping entrepreneurs with the trust that millions of people can benefit from my work one day. It will take some time for the word to get out, though.

I was looking for relevant material to post on Twitter and wanted to make sure it complimented the book and website. From what I have read, e-mentorship is a much more affordable option for startups and small businesses than the in-person mentorship. There are also a lot of people that can't find a suitable mentor, so this would be a great option for them.

Sigh: I'm qualified to answer this question: the protection of the revolution is considered paramount. The Khmer Rouge are the very best example of this. Note also the conviction that what goes wrong is only and always the work of 'counter-revolutionary forces' (not any flaw in party theory). This principle -- as plain as day to me -- is at work in the Eurozone, where the true believers will at no point admit error, and seek compromise.

Is that a default classification for some kind of registration?, Just curious. I like E-mentorship for business, or E-mentorship for entrepreneurs.

I am working on final touches before the book is released for formatting and other steps in preparation for publication.

Good question, I think e-mentorship seems fitting. Maybe Online / E-Learning or simply Business Membership.

The Venezuela thing is very disturbing. It's hard to understand why a government would want this for their people when there are alternatives that could have helped keep the economy going.

Is the Four Pillars of Business Success classified as online or e-mentorship for business? If not, what classification would best describe it?


The state of affairs in Venezuela is heartbreaking with news headlines calling it apocalyptic. Mark posted this on CryptoMoms - http://www.carbonated.tv/news/people-killed-injured-looting-supermarkets-may-hunger-month-venezuela

Zero Hedge - http://www.infowars.com/scenes-from-the-venezuela-apocalypse-countless-wounded-after-5000-loot-supermarket-looking-for-food/

Blockchain Weekly Recap 5-14-2016

R3 Seeks $200 Million from Banking Partners
NATO Alliance Expresses Interest in Blockchain Tech
Swift Institute Finances New Blockchain Research Paper focused on Securities
Kompany.com Reveals New Blockchain Solution for Managing Company Information
Avalara to Explore Blockchain Tech for Tax Software

http://dcebrief.com/blockchain-weekly-recap-5-14-2016/

That would be awesome! All the best with the project.


No problem, it's an awesome project and I hope it succeeds! Cheers

'Alternative non-government measures of inflation tell a completely different story.'

http://www.profitconfidential.com/economy/7-signs-of-a-u-s-economic-collapse-in-2016/

I function in a blizzard of low-quality data. Any U.S. folk care to offer a one-sentence insight into U.S. inflation?

And here in Australia? We hitched our wagon to the Chinese commodities boom, which shielded us from the effects of the first years of the GFC. But interest rates just hit a record low; house prices are falling; and businesses are closing at a steady rate.

Mark

Don’t just gamble with your business - Improve Your Odds of Success

In many ways, a lot of new entrepreneurs take the same approach to business startups that they would take in a casino. Many just assume that the inherent risk associated with starting a new company makes such a venture little better than gambling. That belief is often strengthened when they take note of the statistically high rate of new business failures.

The fact is, though, that there are some key differences between business ownership and a few hours spent in a casino. In the gambling world, the outcomes are truly random and thus outside of your control. And while there are certainly games where you at least have some input into how you choose to play a certain hand or wheel, the fact is that all of the primary components of each game are designed to be beyond your ability to influence. It means that any betting victories you may have are entirely the result of chance. That’s why we refer to gamblers who win as having been “lucky.”

Gambling is a fickle thing, though. For every person who sees Lady Luck smiles their way when they hit the jackpot, there are an untold number of players who lose everything they have. And while professional gamblers can certainly develop elaborate strategies and spread their play out over a larger number of games in an attempt to create more favorable odds by taking advantage of the laws of probability, in the end they remain as vulnerable to the whims of chance as any amateur first-time player. Even the best gamblers can go bankrupt if they experience a long enough series of losses.

Business is only a gamble to the extent that life itself is a gamble. After all, no one can control every outcome in life, and the same is true in the business world as well; unpredictability is one of life’s surest constants. Still, there are clear differences between an activity like gambling that is almost entirely random in nature, and something like business ownership that has no greater randomness to it than most other areas of life. More to the point, in business there are ways to effectively manage and exercise a large measure of control over the odds you face each day. That is, if you have aspirations of achieving something more than mediocrity. On the other hand, if you create a new startup without a clear plan for taking your rightful place among the top thirty percent in your industry, then you really are engaged in a huge gamble and should consider yourself lucky if you manage to remain in business for even five years.

Unfortunately, that is the reality for the vast majority of new entrepreneurs. Most never make it. In fact, the odds are so stacked against the unprepared new business owner, and the outcomes are so incredibly uncertain, that it is actually easy to understand why so many people consider the launch of any new business enterprise as little more than a gamble - and a rather large one at that. That’s also one of the reasons why it is often so difficult to convince others to bet on your great ideas and business concepts. The risks are high, and the potential for loss in such an investment is simply too great for most people to bear.

Just consider the data. While estimates vary, the consensus seems to be that somewhere between 67% to 80% of all new businesses fail within the first 10 years, though the exact numbers are often dependent on the industries involved and other factors in the economy during any given time period. My own studies and observations have revealed that approximately 60% of all new enterprises fail within the first five years, with a minimum of 70% failing before the end of their first decade of existence. Then there’s the fact that many businesses that manage to make it past that first decade do so in a state of intermittent profitability, never achieving either success or stability.

If that sounds like a steep mountain to climb, then you’re obviously paying attention. Still, there are reasons why all of those businesses fail, and there are methods and strategies that you can use to help you avoid many of the pitfalls that serve to trap the lion’s share of would-be entrepreneurs. Regardless of whether you are considering the launch of a startup, a restart, or a start-over, you cannot allow yourself to be deterred by the odds. You should, however, recognize how daunting they are, and do all that you can to ensure that you’re prepared to overcome them.

Let’s be clear: I’m talking about reversing the odds so that they are actually in your favor! Better yet, my goal is to help you become the engineer of your own success so that you can reduce as much uncertainty as possible and stack the odds in your favor. And what would that mean for your chance of business success?

Well, if we can agree that at least seventy percent of all businesses currently fail within ten years, reversing those odds would mean that your business would have a seventy percent chance of success. And I’m not talking about the kind of success where you just keep the doors open and manage to scrape by week after week. It’s my mission to show you how you can increase your odds of realizing the type of success that will have competing among the upper echelons of your chosen industry.

It can be done, and in the post I will explain exactly how you can accomplish this seemingly impossible feat.

Just consider what it would mean to you to know that your business has a 70% chance of achieving true success:

•   That increased chance of survival will make it easier for you to obtain seed money from investors.

•   If you know that the odds of success are in your favor, you will feel less guilty about receiving investments from friends and family members who might otherwise be placing their college funds or retirement accounts at risk.

•   The knowledge that you’ve done all you can do to stack the odds of success in your favor can serve to motivate you and unleash the true power of your business passion.
Before you make up your mind about whether or not this is even possible, remember the words of Henry Ford: “Whether you think you can or you think you can’t. You’re right”

I would only add to that one thing: if you want your new company to be the best in class, then you’ve come to the right place. This is the book for you. Of course, if you think that being best in class does not matter, then it does not matter.

Stay tuned for more:
Meanwhile, support my Kickstarter campaign and pledge as little as $5. Many small business owners are struggling and need help. Please join me in my quest to get the word out.

Visit:  https://www.kickstarter.com/projects/124571891/the-four-pillars-of-business-success-book-by-alan

For more about the book including chapter summation visit:https://fourpillarsofbusinesssuccess.com/

That is excellent, Brandon. I am glad that you like what you learned from reading the book. Less than a dozen of people have the opportunity to read the whole book. The feedback has been very consistent. It is a must read book for any entrepreneur. If I had the guidance of this book when I started my first business forty years ago, I would have saved millions and be operating at a very different level today. Trials and errors are very expensive and stressful in any business. I strongly recommend that everyone reads the book when you have a chance. We are committed to make it widely available.

I quietly and respectfully note that this pertains to 'compliant' modes of crypto use -- transactions connected to the legacy banking-system. Whether one approves or not, P2P/use in 'unbanked' modes allows the transfer of large amounts of value in a virtually anonymous manner.

Mark (IndiaMikeZulu), Australia

[Fine morning. There's a breeding-pair of emus 'talking' to each other under the lilly pilly tree about five metres from the house.]

Thank you, Nele. We are proud to have you, Alex, and others at GMC to be among our best friends in our industry. When good people team up to do great things amazing results will follow. This is just the beginning of a long journey. 

I finally found time to finish reading The Four Pillars of Business Success. This is one of the best books I've ever read, Alan and team you've really outdone yourselves. Something to be very proud of.

Every new entrepreneur should read this book immediately, especially those in cryptocurrency, because a better part our industry is making textbook mistakes which Alan's advice could have helped them avoid. I have made many of those mistakes myself, but thankfully it's not too late to correct them. The Four Pillars of Business Success has shown me what it will take to be best in class!

Alan has provided us with wisdom and knowledge that only 40 years of business experience could render. Buy this book right now if you have any intention of ever being best in class: https://www.kickstarter.com/projects/124571891/the-four-pillars-of-business-success-book-by-alan

Aha, looks like they are starting to see the light. Bitcoin is not a good option for criminal activity, it may even be one of the worst options.

Hi Nele, thank you for popping over and thank you for the kind words! Glad to see GMC holding well, you guys are doing a great job.

All these years I am with Dnotes and this team,must say that I am proud to have Alan,Cindy,Joe like friends.

At least what we all can do is to help kickstarter campaign succeed!

Just do it.

Best regards


Nele