A great testimonial: In 2001, Kari (my wife) and I had started a business importing in a Taiwanese drink product called bubble tea. We achieved major growth and our distribution covered North America, Hawaii, Guam and Saipan. We structured the company so that it allowed us great income and incredible flexibility. By 2003, I was 30 years old and thought I had it all. I had a successful business and my wife had just given birth to our first son. I was even able to find time to coach girl’s pole vault at my alma mater. That was where I met a very influential business man. I found out that this gentleman owned over 12 businesses including ownership in the San Francisco Giants, Honolulu Star Bulletin, shopping centers, numerous magazines, a radio station and the list goes on. It just so happened that I coached his daughter in pole vaulting so we ended up meeting at a school event. I was really excited to set a meeting with him to learn how to make more money and become more “successful”. At that point in my life that was all I was really concerned about. The meeting started off really well. He told me how he got started in business and did multi-million dollar real estate deals in his late twenties. We talked about other business ideas, our business and then he shared with me two secrets which I will share with you. The first secret was leverage. Using leverage in the right way is crucial to business success. We were talking about scholarships so he explained it to me using that as an example. The non profit foundation that he founded helped student athletes obtain college scholarships. He explained that an employee getting paid a competitive salary could get a student a full ride scholarship over $100,000. With a few thousand dollars per month, he used leverage and turned it into 30 or 50 times more value. It’s the same concept used in real estate investing. Let’s say one invests $20,000 in a $100,000 piece of property and the property appreciates in value 5%. The 5% of $100,000 is $5,000 which turns out to be 25% of the $20,000 invested. Wow, leverage was great. I was soaking this stuff up. I got really excited for the next secret. Are you ready? The second secret was that he doesn’t do any business venture unless it helps out the community. I was waiting for another profound business concept and this is what the secret is. I was stunned to say the least. I thought business was all about conquering, strategy and execution and your community involvement was something done separately. This was definitely a new concept for me. He explained how truly helping the community is what really made him successful. This is something that I’ve been thinking about ever since that day. How can I make a difference, help the community and tie it into business? That is how this all began... greatergoodradio/?page_id=21
Posted on: Thu, 07 Aug 2014 12:34:21 +0000
Trending Topics
Recently Viewed Topics
© 2015