The Two Types Of Entrepreneurs
If your heart is set on domestic happiness. Remember that love flourishes best where there is refinement, a high-level thought, and freedom from corrupting influences.
These are to be found only where riches are attained by the exercise of creative thought without strife or rivalry.
0:34 Hello virtual entrepreneurs, join me on this episode of the virtual entrepreneur. If you're new to this podcast. I am your host, Herbert, innocent, and today we are reading chapter nine of the book, The Science of Getting Rich.
0:56 I think it is chapter nine.
0:59 It's called Chapter X i think it's 10 Yeah it's chapter 10 of the science of getting rich. So our past episode re read chapter nine, and from the chapter we came to a little discussion, which focused on you as a business owner, as an entrepreneur, as an affiliate marketer you as a person who wants to go into the world and che and make change, making positive impact into the world, we focused on being conscious, on what you feed your mind.
1:47 And the reason why that is very, very important, is that when we are very conscious of what in our mind, then we can really remain focused on the goals we want to attain on creating performance that is more effective towards the goal that we have set for ourselves. Right.
2:19 And not only that but in the last chapter we also saw that this becomes a key point, because it allows us to also see problems as opportunities. Instead of these roadblocks that frustrates us and stops us from going further on our journey. Right. There was a lot of points mentioned in the last chapter. But that was the key highlight.
2:50 That was the key takeaway, and the call to action from yesterday was for you to start studying how others are doing things right. And for you to start noticing, or doing other intrapreneurs are doing things differently. So, for example, if you came across an ad, or if you came across a blog post or if you're calm, or if you came across a specific business related activity that is generating revenue. The goal becomes not to be caught up in the activity, but to really allow yourself to look at how it's able to create the results so that you can follow the same step and replicate those results for yourself. Right, so that is the ultimate goal. And the ultimate conclusion from the last chapter, a small summary from a few key notes, we left it Aton I recommend reading the book, and then taking out whatever you want from it yourself. Now today we are reading chapter, 10, and the chapter is called, for the use of the wheel.
4:11 Chapter 10 of the Science of Getting Rich for the use of the wheel.
4:19 You cannot retain a to create a true clear vision of wealth, if you're constantly turning your attention to opposite pictures, whether they are external or imaginary.
4:33 Do not tell of your past troubles or financial nature. If you've had them.
4:42 Do not think of them at all. Did not tell the poverty of your parents or their hardship of your early life due to do any of these things is to mentally class yourself with the poor, for the time being, and it will certainly check the movement of things in your direction.
5:09 Let the dead bury their dead as Jesus said, Put poverty in all things that pertain to poverty completely behind you.
5:22 You have accepted a certain theory of the universe as being correct, and resting, all your hopes of happiness on it being correct.
5:38 And what you can gain, What can you gain by giving heed to conflicting theories, did not read. Do not read really religious books, which tell you that the world is soon come to an end, and not read the writing of Mark lacquers and pessimistic philosophers who tell you that it is going to the devil.
6:08 The world is not going to the devil, it is going to God.
6:12 It is a wonderful Becoming.
6:15 True, There are many. There may be good many things in existence, existing conditions, which are disagreeable.
6:26 But that is, but what is the use of studying them when they are certainly passing away. And when the study of them only tends to check their passing and keep them with us.
6:41 Why give time and attention to things which are becoming, which are being removed by evolutionary growth.
6:49 When you can hasten the removal. Only by promoting the evolutionary growth. As far as your part of it goes.
7:00 No matter how horrible in seeming may be the condition in certain countries, sections, places you waste your time and destroy your own chances by considering them.
7:18 You should interest yourself in the world becoming rich. Think of the riches, the world is coming into instead of the poverty that is growing out of.
7:29 And bear in mind that the only way in which you can assist the world in growing rich is by growing rich yourself through the creative method, not the competitive one.
7:44 Give your attention wholly to riches, ignore poverty.
7:51 Whenever you think or speak of those who are poor, think and speak of them as those who are becoming rich. Those who are to be congratulated rather than pitted.
8:04 Then they and others will catch the inspiration and begin to search for the way out.
8:15 Because I say that you are giving you are to give your whole time in mind and thought to reaches, it does not follow that you are to be Saudi. So, so did Amin.
8:34 To become really rich, is the noblest aim, you can have in your life, full include everything else on the competitive plane.
8:47 This struggle to get rich is a god less a scramble for power over other men.
8:54 But when we come into the creative mind.
8:58 All this is changed all that is possible in the way of greatness. And so, unfoldment of service and lofty endeavour comes, by the way of getting rich.
9:17 All is made possible by the use things.
9:21 If you lack, physical health, you will find that the attainment of it isn't is conditional to your getting rich.
9:32 Only those who are emancipated from financial worry, and who have the means to live a carefree existence and follow hygienic practice can have a retain health, moral and spiritual greatness is possible only to those who are above the competitive battle for existence.
10:00 And only those who are becoming rich. On the plane of creative thought are free from degrading influences of competition.
10:13 If your heart is set on domestic happiness. Remember that love for his best, whether is refinement, a high level of thought, and freedom from corrupting influences.
10:30 And these are to be found only where riches are attained by the exercise of creative thought without strife or rivalry.
10:42 You can aim at nothing, so great or normal, I repeat, is to become rich. And you must fix your attention upon the mental pictures of riches, to the exclusion of all that may tend to dim or obscure the vision.
11:02 You must learn to see the underlying truth in all things, you must see beneath all seemingly wrong condition. The Great One Life ever moving forward towards full expression, and more complete happiness.
11:19 It is the truth that there is no such thing as poverty. That is only wealth. Some people remain in poverty because they are ignorant of the fact that the ease wealth for them, and they can best be taught by showing them your way to affluence in your own person and practice.
11:46 Others are poor because, while they feel the easy way out. They are too intellectually indolent, to put forth the mental effort necessary to find the way, and travel it for these, the very best thing you can do is to arouse their desire for showing them by showing them happiness that comes from getting rich from getting really rich.
12:18 Others still a poor because, while we have some notion of science, they have become so swamped and lost in the maze of metaphysical and occult theories that they do not know which road to take. The try a mixture of many systems and fail in all four these, again, very best thing you can do is show them the right way, in your own personal and practice, an ounce of doing things is worth a pound of theorising, the very best thing you can do for the whole world is to make the most use of yourself.
13:08 You can serve God and men, in normal effective way than by getting rich.
13:15 That is, if you get rich by the creative method, and not by the competitive one.
13:23 Another thing we assert that this book is in detail the principles of the science of getting rich. And if that is true. You do not need to read any other book upon the subject. This may sound narrow and egotistic, but consider there is no more scientific method of computation in mathematics than by addition, subtraction, multiplication and division, no other method is possible. They can be but one shortest distance between two points. There is only one way to think scientifically. And that is to think in the way that leads the most direct and simplest route to the goal.
14:15 No man has yet formulated a briefer or less complex system that once set that done the one set here in.
14:30 It has been stripped of all non essential when you commence on this lay all others aside. put them out of your mind, all together, read this book, every day. Keep it with you commit to memory, and do not think about other systems and theories. If you do, you will begin to have doubts, and to be uncertain and wavering in your thoughts, and then you will begin to make failures.
15:10 After you've made good and become rich, you may study other systems, as much as you please. But until you have acquired, you're quite sure that you've gained what you want to not read anything.
15:24 This slide, but this book, unless it to be the author's mentioned in the preface and read only the most optimistic comments of the world's news.
15:39 Those in harmony with your picture. Also postpone your investigations into the occult. Do not dabble in the all in theosophy spiritual ism or Kingdom studies.
15:54 It is very likely that the dead still leave, and I knew, but if they are. Let them alone and mind your own business.
16:05 Wherever the spirits of the dead may be, they have their own work to do. And their own problem to solve. And we have no right to interfere with them. We cannot help them. And it is very doubtful whether they can help us, or whether we have any right to trespass upon their time if they can.
16:29 Let the dead in the day after, alone, and solve your own problem can reach.
16:36 If you begin to mix with the occult, you will start to mental cross current which will surely bring your hopes to Hebrew.
16:48 Now, this, and the preceding chapters have brought us the following statement of basic facts.
16:59 There is thinking stuff from which all things are made, and which, in its original state.
17:07 Permitted imitates penetrates and feels the intercept spaces of the universe.
17:14 A thought, in this substance, Produces the thing that is imagined by the thought.
17:21 Man can form things in his thought, and buying pressing his thoughts upon the formless substance, can cause the thing things about to be created.
17:34 In order to do this, man must pass from the competitive to the creative mind, he must form a clear mental picture of the things you want, and hold his picture in his thoughts with the fixed PURPOSE to get what you want.
17:53 And they unwavering FAITH that he does get what he wants, closing his mind against all that may tend to shake his purpose deem his vision, or quench his faith. And in addition to all this. We shall now see that, you must live and act in a certain way, and of chapter 10 The Science of Getting Rich.
18:30 So now that we have looked into that chapter. You can see it's really building up from the previous chapters, and these quite a lot of lessons there, and this chapter was quite long. So what we're going to do is we're going to keep my notes, very short. And what I'm essentially going to discuss here is how some of the points in here, relate to business today.
18:58 So, this is what I have been learning in the world of business. I've learned that there are two types of business owners. Right.
19:08 These those who build a product first.
19:13 Right, and then try to find a customer.
19:16 Right, so this is the business first. So this is the product first intrapreneur or the product first business owner. And then there are those who find the customers, and then build a final product for them to sell for the customers. And these are customer first intrapreneurs or customer first business owners.
19:42 Now, the product first business owner, and the customer first business owner, a very different.
19:52 And I'm going to discuss the difference here, but a very difference just from hearing on what the primary objectives are. One of them is a product first and the other one is a customer's for is a customer first.
20:08 Now, in the product first business owner. One of the things that you'll notice easily tend to invest a lot into the product. Right.
20:19 And usually at the beginning, the entrepreneur, or the business owner wouldn't know who the ideal customer would be. Right. And the reason being is because they are first creating an innovative product, and then going to try and find someone who's more likely to use the product. Right. And so, what tends to happen is these become businesses that are heavily invested in.
20:49 Right. And so, and in terms of finding the customers. God takes hiring an external team to try and find those customers and sell those products, right, and reach the potential customers. Now these businesses do thrives, as well as the other types of businesses. And then the other type of business owner is the customer first business owner. And these types of business owner, this business owner, tend to find the customer first. Right. And an example of this is eBay.
21:26 eBay was one of the few products that as soon as the website was up.
21:31 A first customer was logged in, and they had the first customer trying to use it.
21:37 Right.
21:39 And so the key difference here is that it was built around the customer. Right, so the product or the business is already been built around the customer.
21:52 And this business doesn't tend to have a lot of investment, because as soon as the first customer is there such generating its own revenue to continue growth, and even if your investments are made. There's already customer base at the bottom right and because it has paying customers from day one. It can be very very easily built.
22:16 Right, and a very good place to start and see the difference between the product first customer and business first customer is if you read the book, the 100 doors that up by crease.
22:35 glenbeigh.
22:37 That's a really difficult. Last name to pronounce, but hey, I tried. So, that book talks about businesses that have grown but they only built by $100 or less. And this is true of many businesses today, including affiliate marketing, but only if you know what it is that you're doing. And the reason why I wanted to talk about the business first intrapreneur sorry the product first intrapreneur, the entrepreneur is because, where the focus is, that's where the results will come from right. So, when you're focusing on the sale, where the sale is made. That means you need to focus on the customer because that's where the sales are made. Right, that's where the money is.
23:29 And that's what will make the business grow. So, the call to action from today, is to ask yourself what it is that you're looking for that, why it is that you want, and to really try and strip out anything else, and focus on the thing that you want the biggest lesson I've learned from my last mentor in business was the term sales generating activity, once you've built all the systems for turning a prospect into a customer, The goal becomes to focus on sales generating activities.
24:02 That is a goal, and the call to action for today, to focus on what's gonna generate the result.
24:09 I have made this episode very low. Thank you so much for tuning in on today's episode from wherever you are around the world. I will talk to you on our next episode. Have a wonderful evening.
