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How Systems And Ideas Create Wealth?
A successful business is a system of system doing the selling and telling on autopilot for the business owner and inside investor. Master the ability to implement our ideas into systems.
Summary:
Successful businesses are intricate networks of interconnected systems when done correctly.
Use profitable business systems to realize our superior idea when we want to become wealthy.
It need not be novel or exceptional for our idea to be better.
Many people would think that investing and business is risky. But when we look into the pros and cons of starting business it shows every time that the total freedom that a sound business empire can bring to one’s life is priceless. Everything is this life requires money (currency) or something of value to be able to manifest what we want. So the best thing we can all do is study how wealth is created and duplicate others’ success. The wheels to wealth are already created for us, we do not need to reinvent the wheels to bring wealth in our lives.
However, we highly recommend whatever business we start, we shall alway have a dedicated department for innovation. A business without innovation in this new economy and age will fail. Everything is changing with new technology and we have to be willing to grow with the changes. We have to master the ability to replace what we learn in the past with new data and concepts that do work in today’s economy. That is why we crated our digital course and book “The 10 New Rules of Money”. All our content is dedicated to financial education and the ultra wealthy mindset.
Teaching by showing our members and partners how to create true wealth by using power of control, leverage, debt and systems. The new rules of money teach us that today is money is knowledge. In other words, money is debt and no longer real money. Money is a currency and just an idea backed up by confidence. We must master money and how to multiply by investing in assets that our companies control. We have to understand the basics of business and investing as an inside investor and business owner.
We must invest like the wealthy and legally copy the cash flow pattern of the ultra wealthy. A system within a system is the human body. It is composed of several systems, including the digestive, respiratory, and circulatory systems. It's likely that the body will become severely damaged or even die if one of these systems fails. Take a look at the diagram below that demonstrates how the wealthy invest. Only about 3% of the entire global population invest by prioritizing expenses, moving investing and financial education as #1 expense of all.
Similar to this, a business is an intricate network of interconnected systems. And much like a body, the entire company will either perish or become crippled if one of those systems fails. Many of these systems are represented graphically by the B-I Triangle. While everyone is unique, they are all connected at the same time. Because the systems depend on one other, it is challenging to distinguish between them and to determine which is more crucial.
How to expand our company?
Any business that wants to expand needs to assign specific accountability to each system and have an overarching general director who oversees the optimization of all the systems.
In my experience as a director of businesses, executives who study their financial accounts behave like pilots seated in the cockpit, interpreting the gauges from every operating system. It's time to make the required adjustments if one of the systems starts to malfunction.
Great ideas are sometimes needed for corrections.
Make a decent idea into an excellent one
Start by writing the idea down on a word document or any type of notes taken product. We have to see our idea out of our minds in order to run it through some tests that will let us know whether the idea is an excellent one.
After the idea is in written and outside of our minds, then now we can run a quick test to see if our idea a withstand without us present. For us to find out, we must imagine an invisible needle and attempt to push our idea through the eye of the needle. If the idea can go through the eye of the needle without us going through the needle obviously because we could not fit through the eye of the needle.
But the idea along can fit through when it has systems established and posses the 8 integrities of a success business. If the idea can go through the eye of the needle and come out the other side as business with systems then we can move into putting the foundation down for the business operation.
Keep in mind, we build a business to solve a problem(s) and raise capital. We can only have a successful business that solves a problem and raise capital if we have systems in the business.
A business has to run on its own at some point and once the systems are established. We have to work on our businesses rather than in our businesses. Being a wealthy entrepreneur and inside investor requires us to have control over our time, and therefore, we do not sell our time ever. We always have control over our time and our cash flowing businesses and investments are the reason why we have control of our time.
Having a good idea is not enough, we must turn into a greta idea by applying systems and the 8 integrities of a cash flow triangle. We have to ensure the legalities are in order and treat our business like a successful business.
The impact of a superior concept
What's the point?
We don't need to have brand-new, original ideas to succeed financially. All they need to do is improve from others. We can literally copy success by simply improving existing profitable ideas but not steal the ideas as is. Now, there's a thin line separating improving upon an idea from outright stealing it. Instead of coming up with original ideas, a lot of people dedicate their entire life to stealing those of others. They pay a price in the form of at least diminished respect from others and occasionally large lawsuits.
The thin line separating theft and copying
There is a fine line between copying and stealing. Individuals who have achieved great financial success are not always those who have invented anything. A lot of times are those have taken something that already exists and turn into a better idea by improving on it. Adding new systems, using less resources and adding more value could be a way to take over fast with our ideas (businesses).
Instead, they made millions by taking ideas and improving them via the use of sound business methods.
Fashion designers simply mass-produce the new styles that young children are wearing after seeing what they are wearing.
The operating system that has made Bill Gates one of the wealthiest person in the world was not his invention. All he did was purchase the system from the computer programmers who had actually invented it and then granted IBM a license to use it. History is what's left.
Sam Walton came up with the idea for Walmart, and Amazon.com brought it online. Sam Walton did not become wealthy quite as rapidly as Jeff Bezos did.
This is the formula for a prosperous company.
The kinds of companies that banks prefer
Always keep in mind that on the right side of the cash flow circle as business owner businesses and inside investor receive more funding from investors because those investors put their money into quality systems, true brands, and the people who can develop them. Businesses where the system retires at night tend to repel investors.
For any business idea to succeed, it must have strong systems. We become less reliant on other people when the system is better. Take a look at the McDonald's systems, which are "run by teenagers and are the same everywhere in the world." The outstanding systems in place make this feasible. Rather than its employees, McDonald's depends on its systems. And McDonald’s owns and controls all its locations’ lands.
McDonald’s, is the wealthiest real estate company that exists today controlling around 42 Billion dollars in real estate. And they have built such a successful business that any bank lends them the money to acquire the land where the McDonald’s will be build. Making the land free for McDonald’s, and adding value into the brand of McDonald’s by controlling the real estate of every franchise they sell across the globe.
McDonald’s gets rent and royalties from the owner of the franchise as McDonald’s (franchisor) is the landlord of such property. McDonald’s uses the borrowed money from the bank to obtain the land and build on it. Then, they sell the franchise at 1.6M entry fee and other requirements in order to be a franchisee of a McDonald’s franchise.
McDonald’s is a perfect example of a true business and brand. When we learn about McDonald’s we will be able to see that the one person who thinks is the created of McDonald’s is not, but rather it was two brothers who ended selling the rights of McDonald’s to a business owner and inside investor who sold them machines to make shakes at some point. Then, fell in love with the brand and ended up buying the brand from the brothers. The rest is history.
Mc Donalds is not just a hamburgers place but a real estate company. We can learn how to build our business empire by learning great lessons from the greatest that have ever done it. Copy but do not steal.
Improving system management skills
Real estate is a terrific place to start if we want to improve at creating and running systems.
The business that a renter pays us rent for is a building on a plot of land. Since real estate is largely inert and stable, it allows a new business owner more time to make adjustments if something starts to go wrong.
After a year or two of property management, we will have strong business management abilities.
We are working on our fourth and fifth books right now. The fourth book is going to be call How to Raise Capital To Build Wealth? and the Fifth book will read Start Our Own Corporation and Run Our Own Corporation, in addition to getting hands-on experience, which is the best type of experience by applying everything we learn into our lives. That is how we turn others knowledge into our own knowledge.
Take a few minutes to register for the free Master Investor’s Community, where we can access a plethora of helpful information, while we are at it.
However, in the interim, consider this: what is our better idea?
Steps:
Write down the idea out of our mind
Run it through the test of the eye of the needle to ensure our idea can be a true business
Launch the idea into a business with systems
Once we know the idea works and can be establish with the 8 integrities of a success business by using the cash flow triangle then we can see the results we expect. Receiving passive income from a business with launch is one of the greatest feelings ever to exist. As it provides a door to total freedom and being able to optimize live experiences because we have master passive income or positive cash flow. Understanding everything about money is important to build wealth. Once we posses the business vocabulary, actively invest for passive income and financial eduction then we can experience what is to be totally free and in control of our future.
Choose our greta ideas and start a business. Once our business is creating revenue and surplus, then we shall have look into another asset class to start investing in it with the revenue of the existing business:
Business
Real Estate
Crypto
Paper Assets
Commodities
Follow the Cash Flow Tetrahedron to ensure we are building our business empire with the ultra wealthy mindset. Use cash flow form existing business to invest in other assets in different asset classes. Just an idea alone is not enough, we need strong systems and smart marketing behind our brands.
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