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There’s a common parable about a village with a problem: it had no water unless it rained. To solve the problem, the village elders decided to solicit bids to have water delivered daily to the village. Two people volunteered and the elders awarded the contract to both of them. The first volunteer, Ed, immediately boughtRead more

You’re sick and tired of your job. Tired of someone else dictating how you spend your time. Tired of putting your passions on the back burner, of quietly surrendering your dreams. Tired of saying to your kids, “We can’t afford that,” or “No, we can’t do that because I have to work.” You’re anxious toRead more

You’ve established a solid financial foundation. You’ve been working hard to increase your income. You’ve put together enough assets to start investing. It’s now time to start leveraging your assets to grow your money and shift from active to more independent income streams. First, you’ll want to turn any of your entrepreneurial business ventures thatRead more

In most cases vision is a good thing. But when you first start something on the side, in many ways vision can actually hold you back. All too often people get scared away from entrepreneurship because they see a vision of how much they have to build, and it feels too overwhelming. The key isRead more

In my last post, I shared my story – starting out as a young guitarist who become entrepreneurial and then followed a dream that took me to the U.S. Here, my 5 Day Weekend collaborator Garrett Gunderson shares his story: “When I was five years old my dad told me that if I got goodRead more

The most powerful tool for creating “Win, then Play” scenarios is Mental Capital. Mental Capital exists within equity relationships as a belief between two or more individuals that a stated intention will be fulfilled as value creation in the marketplace. The complete implementation of an idea can be funded using Mental Capital in a three-stepRead more

In my previous posts, I introduced you to how the Idea Optimizer addresses the question of whether your idea will be economically viable if brought to the market. Here I look at how the Idea Optimizer addresses whether your idea integrates with the practice of your purpose. Use these 10 questions to determine if thisRead more

In my last posts, I introduced you to the Idea Optimizer, with a series of questions it uses to see whether your idea is a good one to see it through to implementation as a service or product. Here I’ll look at the second exercise of the Idea Optimizer, which addresses whether your idea willRead more

The challenge with opportunities isn’t finding them; we’re swimming in limitless opportunity every moment of every day. Rather, the challenge is knowing the right ones to pursue. Initially, if you have little or no experience with entrepreneurship, your primary purpose is to simply get experience, as I did with guitar lessons and my 5 DayRead more

In my last posts, I offered a few suggestions on common and proven strategies for online revenue. Here are a few more general ideas and categories that you can explore: Direct Sales/Network Marketing Network marketing, or multi-level marketing, certainly isn’t for everyone, but it can be a fantastic source of supplemental income, with the opportunityRead more