May 30, 2011

To make millions, you must serve millions. Millionaire fastlane

To make millions, you must serve millions.

Need, Entry, Control, Scale, and Time.

Need

  • The Commandment of Need states that businesses that solve needs win. Needs can be pain points, service gaps, unsolved problems, or emotional disconnects.
  • Ninety percent of all new businesses fail because they are based on selfish internal needs, not external market needs.
  • • No one cares about your selfish desires for dreams or money; people only want to know
  • what your business can do for them.
  • • Money chasers haven’t broken free from selfishness, and their businesses often follow
  • their own selfish needs.
  • People vote for your business with their money.
  • Chase money and it will elude you. However, if you ignore it and focus on what attracts money, you will draw it to yourself.
  • Help one million people and you will be a millionaire.
  • For money to follow “Do what you love,” your love must solve a need and you must be exceptional at it.
  • “Do what you love” sets the stage for crowded marketplaces with depressed margins.
  • When you have the financial resources, you can “do what you love” and not get paid for it, nor do you have to be good at it.
  • Slowlaners feed “do what you love” with “do what you hate.” Five days of hate for two days of love.
  • “Doing what you love” for money can endanger your love.
  • Passion for an end goal, a why, drives Fastlane success.
  • Having a passionate “why” can transform work into joy.
  • “Doing what you love” usually leads to the violation of the Commandment of Need.
  • The right road for you is one that will converge with your dreams.

Entry

  • The Commandment of Entry states that as entry barriers fall, competition rises and the road weakens.
  • Easy access roads carry more traffic. More traffic generates higher competition, and higher competition creates lower margins for the participants.
  • Businesses with weak entry often lack control and operate in saturated marketplaces.
  • Exceptionalism is required to overcome weak entry barriers.
  • Access to a business road should be a process with a toll, not an event.
  • “Everyone” consists of the general populous and is served by the mainstream media
  • If everyone were wealthy, “everybody is doing it” would work. And if everyone is wealthy, then no one is wealthy.
  • “Everyone is doing it” is a signal to overbought conditions and the entrance of “dumb money.”

Control

  • Hitchhikers relinquish control of their business to a Fastlaner.
  • There is a difference between “good” money and “big” money. Hitchhikers can make good money while Fastlaners make big money. Sometimes legendary money.
  • In a driver/hitchhiker relationship, the driver always retains control and the hitchhiker is at the mercy of the driver.
  • Hitchhikers are party to someone else’s Fastlane plan. Make the world your habitat of play in an organization you control.
  • Network marketing has little to do with entrepreneurship but more to do with sales, networking, training, and motivation.
  • Network marketing fails both the Commandments of Control and Entry, and sometimes, Need.
  • Network marketers are soldiers in a Fastlaner’s army.
  • Network marketing is a powerful distribution system. As a Fastlaner, seek to own one, not join one.

Scale

  • Your total pool of customers determines your habitat. The larger the habitat, the 
  • greater the potential for wealth.
  • A business can be a singles or a home-run-based business. Its strength is determined by 
  • scale, which is derived by habitat.
  • The Fastlane wealth equation is disarmed when you violate the Commandment of Scale.
  • Scale is achieved in reach (units sold) and/or magnitude (unit profit).
  • The Law of Effection is the primary conduit to wealth, which can be road blocked by 
  • scale, magnitude, or source.
  • Effection consequences trickle up to owners and producers. Breaking scale or magnitude indirectly in an uncontrolled entity is not a guarantee of wealth.
  • To gain access to Effection, you have to break the barrier of scale or magnitude in an entity you control.
  • Scale, magnitude, or source deficiencies create governors on the speed of wealth creation
Time
  • A business attached to your time is a job.
  • A business that earns income exclusive of your time satisfies the Commandment of Time.
  • To satisfy the Commandment of Time, start with a business that uses a money system seedling, or introduce one.

SOMEONE IS DOING IT!You’ve got a great idea, but someone is already doing it? So what. Do it better.


Put the checkers away and play chess, where each chess piece represents a specific function within your business. How you play each function will determine if you build Fastlane speed or drift aimlessly. Those pieces are:• The King: Your execution• The Queen: Your marketing• The Bishop: Your customer service• The Knight: Your product• The Rook: Your people• The Pawn: Your ideas.


An idea is neurological flatulence. Execution makes it smell like a rose.

The 40 Fastlane Lifestyle Guidelines

I SHALL . . .

  • 1. Not dismiss “Get Rich Quick” as improbable.
  • 2. Not allow the Slowlane to bury my dreams.
  • 3. Not allow Slowlane prognosticators to contaminate my truth with their dogma.
  • 4. Not ordain the Slowlane as the plan, but let it be a part of the plan.
  • 5. Not sell my soul for a weekend.
  • 6. Not expect nor seek a chauffeur to wealth.
  • 7. Not trade my time for money.
  • 8. Not put time in control over my financial plan.
  • 9. Not forsake control over my financial plan.
  • 10. Not demote time as abundant and effervescent.
  • 11. Not assign faith to events, but to process.
  • 12. Not take advice from gurus who preach one roadmap, while getting rich using another.
  • 13. Not use compound interest for wealth, but for income.
  • 14. Not disrespect the passivity of a dollar.
  • 15. Not cease learning at graduation, but start it.
  • 16. Not impose the burdens of parasitic debt into my life.
  • 17. Not play on Team Consumer, but switch to Team Producer.
  • 18. Not dismiss the plausibility of my dreams.
  • 19. Not chase a path of money, but a path of need.
  • 20. Not fuel my motivation by love, but by passion.
  • 21. Not focus on my expenses, but on my income.
  • 22. Not pay myself last, but first.
  • 23. Not do what everyone does.
  • 24. Not trust everyone, but allow trust to be proven.
  • 25. Not relinquish control over my business.
  • 26. Not hitchhike, but seek to drive.
  • 27. Not operate within limited scales and in tiny habitats.
  • 28. Not dishonor the horsepower of my choices.
  • 29. Not swim as a guppy in a pool, but as a shark in the oceans.
  • 30. Not consume first, but produce first, and consume later.
  • 31. Not engage in barrier-free or entry-weak businesses.
  • 32. Not invest in other people’s brands, but in my own.
  • 33. Not give credence to ideas, but to execution.
  • 34. Not forsake my customer for other stakeholders.
  • 35. Not build a business, but a brand.
  • 36. Not focus my marketing messages on features, but benefits.
  • 37. Not be a polygamist opportunist: Focus!
  • 38. Not engage my business like checkers, but chess.
  • 39. Not live above my means, but seek to expand my means.
  • 40. Not live without the insurance of financial literacy.

Posted By Acombfosho at 11:18 PM

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