The Circle of Competence was one of the most important exercises I did before founding our current company Ongig.
The Circle of Competence is simple: you write down the things that you are competent about and draw a circle around it. And then, as Buffett explains, remember that the more you go outside your circle of competence, …
[This is a guest blog post by Angela Privin, a "super-healer," digestive coach and my friend]
When I was diagnosed with severe digestive issues (Irritable Bowel Syndrome) the doctors told me it was incurable. It was one of the worst days of my life.
But, finding a cure for my “incurable” condition after 6 years of dedicated searching, learning and trial and error was one of the best things I’ve done.
The experience of getting sick and healing myself was not fun, but it awoke …
Is attracting people to your product always a good idea?
No, attracting potential customers isn’t always a good idea because there is a cost to attracting certain prospects.
I gave a speech on Personal Branding to the American Marketing Association (San Francisco) (thanks, Brian Kerr!) on Nov. 20th at the ING Direct Cafe.
Some of you asked for the slides of the show.
Here’s the Powerpoint slide show via Slideshare and then below that are some notes from the speech:
My good friend (let’s call her Rita) recently asked me for tips on how to generate extra passive income of $60,000 to $250,000 per year.
Rita wanted to do this so that her life-partner (who has a stressful job) could live a more comfortable life, and the two of them could pursue some “do-good” creative projects to better the world.
I couldn’t guarantee her anything but she asked for a meeting with me and I came up with some homework that she could do ahead of time (mostly to read some of my past articles and do some exercises).
I know the links/tips I include are all my own…but, hey, that’s what I know best.
I thought I’d share with you my email to Rita in case you or someone you know wants to make some more $dough.
It’s not easy, but if you are serious about wanting to increase your income you’re going to have to put in some work. Here it is.
Dear Rita, …
The average American knows about 12,000 words (though Shakespeare was said to have had known 66,000) — the best brands are ones that own the most market share of a couple of those words.
CNN owns “news” in my brain. When I think of “reggae,” it’s Bob Marley — he owns it. There’s an awesome analysis of this in Positioning: The Battle For Your Mind (they discuss the concept of ladders (product categories) in your brain with room for just a handful of rungs (brands) — it’s the primary reason I voted it one of the Top 20 Best Business Books Of All Time!).
Who cares? Well, if your business wants market share of something, you have to decide which words you are going to try to “own” in my brain. …
The cool thing about problems is when people are honest about them, tackle them and then share their “secret sauce” about how they did it. I’m proud to say that my friend Kamal Ravikant just nailed it in his latest book: Love Yourself Like Your Life Depends On It.
If you need to write a business plan I recommend you start with an outline. I found a dozen free templates and have included them below with links to dig deeper. Good luck!
The business plan outline I wrote for Ongig (below) was geared towards raising an angel round of funding.The 3 biggest sections were Business Model, Sales & Distribution and Financials.