Showing posts with label value creation. Show all posts
Showing posts with label value creation. Show all posts

Friday, July 22, 2011

Multiple Income Streams - Part Deux

This week, for a miriad (that means "alot") of reasons, I implemented a plan to develop three new businesses.

No, I have not quit my core business, as I still have much opportunity to create value there. I concluded, coming out of the recession, that I have to take responsibility for my own outcomes, trusting God for wisdom, but using what He has given me.

So, we are launching two businesses somewhat related to what we do in our law firm, and another related to new technologies/telecom/energy delivery.

None of the three are purely original, but each one was an idea someone who cared about me shared.

My job is to share the value of these ideas with the people who need them - some to help carry them further, and others to benefit from them - - -

And pay for them.

Wednesday, July 13, 2011

Value Creation and Multiple Income Streams

Each year, I do an exercise called a "One Year Planner."
It has ten objectives I want to achieve to make progress in important areas of my life.
The "OYP" I laid out in May included an objective of developing new income streams.
Why?
Dan Sullivan is co-founder, with his terrific wife - Babs Smith - of The Strategic Coach in Toronto, ON. Dan points out that if one is an entrepreneur who happens to be a CPA, the creative possibilities are much greater than being hemmed-in by the reverse.
In our law firm, we have had several ideas for related businesses, for which we have identifiable demand, that are not professionally legal in nature, and could create value for clients and their other advisors with Unique Processes(tm). Maybe it is time to act on those.
Recently, I have been exposed to ideas that MDs, CPAs, pharmacists, and educators have leveraged into various multiple income streams.
The point is, this is still an economically free society. God made us in His image, and He is creative.
The possibilities are pretty much endless.

Saturday, July 9, 2011

Where's Eleanor?






August 2nd of last year, I was in a pretty stout traffic accident.

A young mom in a mini-van had just taken her infant daughter to the pediatrician for some routine shots.

Mom was distracted by her daughter, ran a red light, hit the left front corner of a pick-up, and then hit my car in the driver's door.

The result, after spinning my Bonneville, was a buckled roof, a level 2 brain concussion, and an end to a racing season that I was starting late in.

When my wife and daughter arrived, the driver of the mini-van asked me how I was.

I told her I was hearing voices-

Eleanor Roosevelt - pleading with me to take her to the prom!

The young mom was clearly concerned, until my wife told her I was okay.

Thing is, any of us who has ideas, creates value, develops concepts, writes short stories, paints - you name it - "hears voices-" the muses, the motivators, the inspirations from which the "art" of life issues forth.

Sometimes, if I am burned-out from going too fast, doing too much, for too long, I find myself operating mechanically, even reactively - a victim of life rather than an actor upon it.
I realize then I am not hearing the voice in my head, and I have to ask -

"Where's Eleanor?"


Have you "heard from Eleanor" today?