The biggest problem we find people have when starting their business is generating revenue.

It’s ‘deer in the headlights’ and they get caught in all the other fancy strategies out there to avoid doing what they need to do most….go out and talk to people and convert them into a paying customer.

I also got caught in this trap when I was starting my business.  I was looking for the best program or trying to build the ultimate sales funnel.

The cure is a concept I heard from Noah Kagan, founder of AppSumo, called ‘the velocity to a dollar’.

All you have to do is go out and sell your product/service for$1!

It seems so simple and so insignificant, why would you do it?  $1 isn’t going to move the needle for a business.

True.

The reason is the same concept you want to just get in the gym for 5 minutes if you’ve never worked out before.  5 minutes quickly turns into 30 minutes, an amazing workout, momentum and a great body six months later.

Same with generating revenue for your biz!  Once you break through the fear of selling and earning money for your labor.  You will build on the success and find it exhilarating!

That’s it.  Go out and try it now!  I will send $10 to the first person who completes it and comments below!

I had the chance to sit down with Cody Hoffman and glean some insights about blockchain.  He was trader at JP Morgan and is currently the founder of Funder, a company that uses blockchain technology to help charities raise A LOT more money for their causes.

You’ve probably heard about the blockchain by now.  It is a revolutionary technology that is quickly transforming the way companies operate and business all around the world is being done.  Many prominent people in business and technology have been quoted as saying it is the next version of the internet and even beyond that!

So if you feel like you’ve missed out on the internet boom now is your chance to educate yourself for the amazing opportunities that lay ahead!

To give some more understanding about why it is such a game changer here are some of the key takeaways from Cody:

Blockchain is a decentralized public ledger.  This means there is not one organization that has complete control over the system.  The data is literally stored amongst millions of computers all over the world and everyone has access to it.

It is a place where everyone can see every transaction that happens.  This is why cryptocurrencies have been such a big deal as well.  It eases transactions and totally removes the issue of trust.  You don’t have to trust people and you can still be 100% certain about the transaction being executed.

The data is secured by computers, not by people.  This makes everything much more reliable.  Cody likes to say it is, “the invention of triple entry bookkeeping.”

Reduces paperwork.  Jobs will be lost, time will be saved and there will be less errors in bookkeeping/data entry.  The good news about the job losses is that people will be left to think about bigger things, focus more on creative projects and solving bigger problems!

When it comes to allocating an investment portfolio in cryptocurrencies Cody has his set up where 50% is in bitcoin as it has the best technology supporting it and is the leading indicator for the space.  If you are interested in allocating in other coins he advises you choose the protocols you’d like exposure to (i.e. gaming, social causes) and dollar-cost average into the leading coins in each vertical.

What do you think about blockchain and how it is impacting the world?  Leave a comment below!

Leaders are readers.  It is true.  If the most successful people on this planet are known for reading multiple hours per day I think it’s a safe bet to invest your time in reading for at least 30 minutes to an hour per day.  It is said that Bill Gates, Warren Buffet and Elon Musk all read more than 3 hours per day!  You would wonder how they make the time for that since they have so much responsibility running multibillion dollar institutions.  They would probably say they can’t do what they do or wouldn’t be so successful if they did’t invest their time reading.

Reading is a superpower.  You get to literally tap in to any well spring of knowledge you desire.  And you can do it for FREE!  If your struggling with something you can solve the problem by reading.  You can’t put a monetary value on it but you literally make yourself more valuable with each extra word you put in your head.  So go read anything!  Read for at least 30 minutes.  If you can’t do it that means you must do it.  If you don’t have the time or the money that means you have to do it.  It will only help to alleviate with those problems.  Go read a book on investing or how to increase your income.  If you want to be better with time go read books on how to manage your time.  Want to start a business?  Go read a book on that!

It’s a pretty neat skill to have.  The more you use it the better you get and the more fun it becomes because you will start to reap the benefits of the inputs you are putting in your head!  If you can’t figure out what to read ask yourself what area of your life you want to improve and go find a book on that.  If you just want to read for fun, go read anything that appeals to you…fiction, biography etc.

Your mental workout every day is to read for at least 30 minutes per day and ideally an hour.  If you can do more than an hour you will reap even more benefits.  Enjoy your superpower!

Every time you earn a dollar you should allocate where each penny will go.  At least 10% should be invested in assets like the stock market, real estate, bonds etc.  You should tithe (give to charity) another 10%.  Most of us are so blessed to be in the positions we are no matter how bad they may seem at the time when you look at the bigger picture.  When you give away 10% of your income you remind yourself of all the abundance around you and you train your brain that there is more than enough.  Most people do the opposite, they hold onto what they have and live in scarcity always wanting more and nothing they have or will get is never enough.  Wealth is a mindset.  The more you give and train yourself to live in an abundance mindset the more you will reap.  You should also save 10% of your earnings because you want to have at least 6 months of living expenses saved up that you can fall back on.  Use 5-10% of your money to celebrate and reward yourself for the hard work you put in to earn the money.  This trains your brain to enjoy the process of working hard and it conditions you to understand the better work you do the more you get to have some fun.