Follow the Yellow Brick Road to Entrepreneurial Success

Donald Mitchell

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?
I certainly hope so. I know that I am!

The Billionaire Entrepreneurs' Master
Mind put out a press release this morning
that I thought you might find helpful.

Here it is:

Entrepreneur Lesson: Start Up Entrepreneurs Learn that Following the Rules for Success Makes a Difference

When God placed Adam into the Garden of Eden, God told Adam that he could freely eat the fruit of any tree in the garden except from the tree of knowledge about good and evil. God warned Adam that he would surely die if he ate from that tree. Adam later sampled that forbidden fruit, and we’ve been dealing with the consequences ever since. Today, entrepreneurs find themselves tempted to pursue poisonous opportunities. By pooling their thinking in a new organization, The Billionaire Entrepreneurs’ Master Mind, these savvy entrepreneurs hope to be sure that each avoids opportunities that can be dangerous to their health and that of their new ventures. Weston, MA (PRWEB) January 30, 2006 -- Entrepreneur start ups seeking rapid growth are pooling their knowledge and experience in The Billionaire Entrepreneurs' Master Mind, http://billiondollarbusiness.blogspot.com/, to avoid catastrophic errors. Ever since the Garden of Eden, most people have been overconfident about their ability to spot opportunities and dangers. Such overconfidence can be especially dangerous in a new venture where there is little track record to guide entrepreneurs. Studies of entrepreneurial failure repeatedly show that entrepreneurs often make the following mistakes: 1. Believe they have a superior offering when they don't. Do you remember the DeLorean automobile? 2. Pursue a market that's indifferent to their new offering. When will people be ready for the Segway? 3. Producing an offering that's more expensive when people want something less expensive. How well will new 40,000 square foot mansions sell if heating and air conditioning prices triple? 4. Stick with one method of providing benefits for too long. The Osborne 1 was the first portable computer, but you might have developed a hernia carrying it. Waiting too long to develop a lighter version put Osborne out of business. 5. Throwing money at the problem rather than brains. Thousands of internet start-ups spent a fortune on content and television advertising just before they went out of business. 6. Relying on inexperienced people to play key roles. Many key people heading Boston Chicken before it crashed and burned had no restaurant operating experience. 7. Assume they have all the bases covered when they don't know what they don't know. That's the story of every glossy magazine that folded after a few issues. How can start up entrepreneurs avoid these and other common pitfalls: Have lots of people check your thinking before you act. Although it's not as good as having God tell you what will work and what won't, it's as good as mere humans can hope to do. To enable such effective cooperation, alert entrepreneurs have formed The Billionaire Entrepreneurs' Master Mind, a group of entrepreneurs who pledge to build billion dollar businesses by focusing on the key tasks for start up success and helping one another to accomplish those tasks . . . while avoiding catastrophic mistakes. By combining their efforts and funds, each entrepreneur will receive the development support they need for a few thousand dollars rather than the hundreds of thousands that others spend. By checking their ideas with the group on a regular basis, entrepreneurs will also have the benefit of accessing dozens of outside experts who can help them. Many of these entrepreneurs will form alliances with one another to reduce development, marketing and operational costs further. The group prohibits competitors from joining in order to foster a free exchange of ideas and support. Members have used research on major entrepreneurial successes to select these 7 key tasks to work on in The Billionaire Entrepreneurs' Master Mind: ― Creating a major new market or expanding an old one by 20 times ― Reducing the costs of customers and beneficiaries to use the start up’s offerings to a small fraction of current levels ― Adding customers 20 times faster than competitors at low cost ― Improving the start up’s business model at least every four years ― Employing a business model that doesn’t require much external equity capital ― Building a management team deep in innovation, operations, finance and marketing ― Searching to find out what they didn’t know that they didn’t know. This new organization begins operating on February 1, 2006. Charter memberships are available before then. This focus reminds many entrepreneurs of God's advice to Adam in the Garden of Eden: Avoid making catastrophic mistakes and life will be good. Donald Mitchell noted: "Entrepreneurs often fail because they fall in love with their own ideas . . . and their own sense of importance. Someone needs to keep their feet on the ground and away from dangerous temptations. They are more likely to listen to a fellow entrepreneur than they are to someone in their own management team or a family member. With a little tough love to keep them out of mischief, entrepreneurs can accomplish more for themselves and those they serve. Without that tough love, and an entrepreneur can become a modern day equivalent of Nero . . . fiddling around while the new venture crashes and burns." The Billionaire Entrepreneurs’ Master Mind, http://billiondollarbusiness.blogspot.com/, a global learning organization that helps entrepreneurs create billion dollar businesses from start ups is headed by Donald Mitchell (co-author of The 2,000 Percent Solution http://www.2000percentsolution.com/, The 2,000 Percent Solution Workbook http://2000percentsolutions.blogspot.com/, The Ultimate Competitive Advantage and The Irresistible Growth Enterprise http://www.irresistibleforces.com/).

How to Build Your Free House

I GUARANTEE That You Can Own a Brand-New, High-Quality, Custom-Built Dream Home... the Best House on the Block and the Envy of your Neighborhood, in Just a Few Months.

Who Else Wants to Discover How You Can Own Your New House For Only 58% of the Price That You Could Immediately Refinance or Sell It For? Or Even Better... Discover How Your New House Could Cost You ABSOLUTELY NOTHING!

If you answered "Yes, I Do!", then please pay careful attention to every word in this letter, because I am about to reveal my insider secrets and show you, step-by-step, how...

• You Can Own the Perfect Piece of Beautiful Land... Anywhere in the Country,
• You Can Either Design Your Own Dream Home Yourself, or
• Choose an Amazing House Plan Created by Experienced Architects,
• You Can Hire Professional Builders to Do ALL the Work For You,
• Banks Will Happily Loan YOU the Money for Everything, So You Pay Nothing Out of Your Pocket,
• Get Other People to Pay Off that Loan For You... and They Will Thank You for the Privilege!

Time to Ask the Experts

I interviewed many real estate professionals from all phases of the industry to get answers. Nobody knew how to do everything I wanted. I'd get partial information from one group, more information from others. That's when I noticed a pattern in the advice I was getting:

• General Contractors do know how to hire subcontractors to build a house for 50-60% of the selling price… because that's their job; but they don't know how to obtain funding to pay for the construction costs. They get that money from their clients.

• Mortgage Brokers do know how to get no-down-payment loans that pay for construction projects… because that's their job; but they don't know how to build a house. They leave that to the General Contractors.

• Real Estate Agents do know how to buy property at big discounts… because they can “grab” the best deals before they ever reach the marketplace; but they don't know how to structure a financing deal, so that the buyer does not have to make payments. That's not their concern… the broker steps out of the picture once the sale is completed.

• Real Estate Investors do know how to structure financing deals so that they can buy property without having to make ANY payments out of their own pocket, because that's their business; but they don't know how to find discount property to build it on… they have to rely on brokers or agents to get them property, usually at premium prices.

Using all of this new information, I sat down and charted a plan, combining the best techniques of all four groups of real estate professionals. When I was done, I couldn't believe my eyes. I double-checked it, then triple-checked it. But it was true... in front of me was the Build Your Free House™ system.

I couldn't believe that it would work. If it was really so easy and effective...

Why has no one come up with this plan before?

I finished a draft, and let my experts review it for accuracy. I figured that they would find the error I was making, and tell me why it wouldn't work. Instead, I found out exactly why it works, and realized why the BYFH system is unique!

When the Mortgage Brokers read the section about getting no-payment construction loans, there was no reaction. To them, it was common knowledge that these loans exist, where they are, and how to get them.

But, when the brokers read the section about how General Contractors can build houses for HALF the selling price using this borrowed money, they were shocked! Once they realized how Real Estate Agents could get huge discount property deals, they were floored. And when they finally learned how Investors could keep property without making ANY payments, they were absolutely astounded.

Reactions from the Investors were different… the secrets to owning property without payments didn't phase them at all. Again, most real estate investors know all about these techniques.

However, when these investors read the other three sections about how the other types of professionals do their business, they were flabbergasted. The Investors had been working with these other professionals for years, but really had no idea how they "did what they did".

That is when I realized why the draft of the Build Your Free House system was so revolutionary. It's not that any of techniques are new on their own. But together they form an entirely new system for owning brand-new property, which has never been published before.

Based on their positive reactions, I stopped showing the draft around… and immediately put a legal Copyright on the system!

But word spread too quickly…

Remember that old commercial that goes “and they told two friends, and they told two friends, and they told two friends…”? Well, that's exactly what happened. It seemed like EVERYBODY wanted to see my results, and learn about the techniques.

For a long time I was reluctant, because I wanted to keep these powerful techniques to myself. But after some thought I decided to publish the draft for a few reasons:

• The market is wide open: Even if a million people around the world learned the system and followed its techniques, there would still be plenty of opportunity for everyone to use it. Demand for good quality housing is at an all-time high, as evidenced by the extremely high prices we all see for houses nowadays.

• I wanted to help the professionals who had helped me: in truth, all the techniques were “out there” and brought to me by other people in the industry. I merely found a new way to put the pieces together, and created a new recipe for success. As contributors, I owed it to them to return the favor by sharing information back.

• I realized that this could help people who had NO previous experience in construction or real estate: The professionals reading my draft system were amazed by the “missing 3/4ths” of information it contained (meaning the professionals knew about the 1/4th that concerned their industry, but not the other 3). Even though they did not have experience in the other 3 out of 4 areas, everyone who read it told me that the way I explained the other sides were very clear and easy to understand.

Then, I showed the Build Your Free House™ system to a personal friend of mine, a friend who has no real estate experience. She loved it, and had the same reaction as the real estate professionals! Since she did not have any previous experience, to her it was the “missing 4/4ths”… the entire picture... but when she was done, she knew enough to build her own free house as well!

That's when I knew I had to make the draft public… if it could help regular people build the house of their dreams, how could I keep it to myself?

Now, for the first time, YOU can learn these secrets!

Would you like to learn how:

• Everyday construction workers can own a free $568,000 house, just by doing their job?
• General Contractors can make $1,279,000+ every year, without ever lifting a hammer?
• Real Estate Developers can build properties, without spending a penny of their own money?
• You can do ALL of these things, without their credentials or experience?

---

Imagine a time in the future, just a few months from now… you are standing in front of a just-completed, brand-new house.

Your brand-new house… built exactly the way you wanted it!

You hold the keys in one hand, and the deed (with your name on it) in the other. You're scarcely able to believe that it happened with so little effort, and with no money out of your pocket…

…and you will think back to today as having been the start of it all.

Want to learn MORE about this SYSTEM, contact me at 410-553-2121

Want the $2,398 'Secret' Think and Grow Rich Education you're personally getting (+ everything else you get as part of the Billion Dollar Mastermind)

"Because not everyone can afford to join my 4-figure-per month coaching program, I created this package to give everyone who wants to improve their life a top-notch prosperity education priced so low, anyone can have it!"


From: Dan Klatt and Alexander Great
"Think and Grow Rich Guy"


Dear Prosperous Thinker,

Somewhere around 200,000 people have studied my work since I began coaching in 1984, and over that time it's struck me when people have the biggest heart in the world and you can see how much they want their lives to improve, and they know you're the guy to take them through their challenges to being a big success...

Yet they're so focused on how deep in debt they are, how they're afraid of losing their house, how much health problems their financial worries have caused - and the resulting medical bills that's lead to...

They're so zoomed in on everything they don't want - that they miss all the ways right in front of their eyes to quickly turn things around and make good things happen to them.

I've still been able to help these folks, yet it struck a chord with me that there are millions of others just like them whom I could reach - and give them the way to turn their lives around on their own!

I hope you're much better off than they are - and I'm sure you are, because over the last few years I've set up my business and life to attract only those people who are success-minded or at least know they can be successful even if they need a little boost.

So whether you're a little financially strapped at the moment, or you're here to take your prosperity, success, joy, happiness and love to a higher level and just appreciate getting a very good deal, I trust there's a reason you found this site and that you're in for a special treat.

Before we get into that, though, let me first share something with you...


(SECRET No. 1: 98 percent of people who read Think and Grow Rich totally miss 'The Secret', even though Napoleon Hill alludes to it more than 100 times in the book.

I missed it for many years, too, and it took on new meaning for me and evolved into "The Carnegie Formula" as a result of the many insights I realized after "Hiking in the Red Rocks with 'Guru X' Transformed My Life".

[I'll tell you about that in a minute, because this person was so moved by my keen insights and observations, he offered to help me turn it into a book with his publisher, because that story was so important, it had to get out there in a big way.]

Are you the right person to benefit from my teachings?

You are if you're teachable and you know you can become very wealthy... and deserve to be (or at least are willing to consider it)

We know the principles work and I'm proof of that myself.

Within a month, just four weeks after starting the "Think and Grow Rich Alchemy Process" that I'll walk you through, I received a new car, about $6,800 in unexpected income, and several thousand dollars in advanced business training worth about $200,000 to my bottom line. I also became more focused, had more energy and my love life actually got even better ;-)

How do you know if this is the right training for you, if you need this and would get a lot out of it?

You'll intuitively know you're the right person, yet here are some clues:

* You know there's more for you than what you've been getting

* You've bought a lot of personal development or business success materials before, yet probably got frustrated because they didn't do much for you (that's why being part of a mastermind community can make such a difference!)

* At some level you're willing to accept the fact that you deserve to be rich (even if you're not yet sure how it'll happen)

* If you've had trouble paying the bills before (maybe you still do) you're willing to believe that when you start moving in the right direction you're able to become wealthy--no matter how far away true wealth may seem right now. (If you're moving in the wrong direction, you'll never get there)

* You know it's really simple, because we're all creatures of habit, and where you're at today is the result of your previous habits.

* I asked if you were coachable because that's partly how we'll help you become wealthy by showing you the SuccessHabits of the wealthy. So you need to be open to doing a few things differently--just easy, basic principles you'll enjoy because you'll start seeing the results fast).

* You're sick and tired of things not working out for you--and you can't wait for "the silver spoon" (*The Carnegie Formula!*) that'll make it easy to start getting the things you want -- (it really works, too, I promise, as you'll soon find out!)

* You've also spent a ton of time trying all kinds of things that don't work (and that's been really frustrating, too, and you feel bad about all the time you wasted on things with no track record, much less one with nearly 70 years' proof of creating millionaires!)

Exactly how is our training able to help you become wealthy?

Fundamental to teaching as "The Think And Grow Rich Guy" serving as your WealthSensei is that each of us creates all aspects of our lives through our thoughts.

It happens whether we harness this power as we're meant to, and consciously manifest the exact life of our choosingjavascript:void(0)
Publish...

Or if we're like the 98 of every 100 people not yet aware of their power, who instead come from what I call "negative manifestation" and allow the fears, insecurities, limiting beliefs and self-doubts of others...

To cause them to manifest circumstances in their lives opposite of what they want.

Our purpose is to change that!

Billionaire Entrepreneurs Master Mind

Entrepreneur Lesson: by Mitchell's Law.He shows the Way to New Venture Success for New Billionaire Entrepreneurs' Master Mind

The Billionaire Entrepreneurs' Master Mind will hold today for members to describe this new approach to entrepreneurship which becomes available today. When Joshua was before Jericho, he was prepared to do battle in the conventional way. But God had a better plan. God told Joshua to circle Jericho with the Ark of the Covenant and trumpets in a certain way for seven days. On the seventh day, the walls fell down and Jericho was captured. Likewise many entrepreneurs may fail to achieve the full the full potential of their new ventures because their initial plans are conventional rather than drawing on new resources of knowledge and strength.

Drawing on entrepreneur members from around the world, this group aims to find uncommon success by using unconventional methods drawn from studies of the most successful new ventures. Each member seeks to establish a billion dollar business or non-profit organization.

One resource that these members will have is the ability to focus on applying Mitchell's Law of Entrepreneurial Success. Mitchell's law states that:
Organizational growth in cash flow and value expands geometrically as a multiple of revenue growth times the rate of gaining competitive advantages in market share, cost reductions, asset use and lower cost capital.

Here's the mathematical expression of that law:

OG = (RG)(CR)(ATR)(ULCC)

Organizational Growth in Cash Flow and Value = OG
Revenue Growth = RG
Cost Reductions Faster than Competitors = CR
Asset Turnover Reductions Faster than Competitors = ATR
Use of Lower Cost Capital than Competitors = ULCC

Most entrepreneurs assume that competitive progress will be modest. Those in The Billionaire Entrepreneurs' Master Mind assume instead that the rate of entrepreneurial success is accelerating. These members will attempt to set new standards in speed and effectiveness in gaining competitive advantages by relying on a focus on more factors of success and constantly improving their business models.
Members have used research on major entrepreneurial successes to select these 7 key tasks to work on in The Billionaire Entrepreneurs' Master Mind:

― Creating a major new market or expanding an old one by 20 times
― Reducing the costs of customers and beneficiaries to use the start-up's offerings to a small fraction of current levels
― Adding customers 20 times faster than competitors at low cost
― Improving the start-up’s business model at least every four years
― Employing a business model that doesn’t require much external equity capital
― Building a management team deep in innovation, operations, finance and marketing
― Searching to find out what they didn’t know that they didn’t know.

The Billionaire Entrepreneurs' Master Mind begins operating today, February 1, 2006.
Memberships for non-competing entrepreneurs are available.
Donald Mitchell noted: "Entrepreneurs often fail because they don't know what they are up against. They think they know what the best in the world will be, but actually are describing a standard someone met forty years ago. By arming themselves with the insights of effective global entrepreneurs aiming to make it big, these reinforced entrepreneurs may be able to blow past competitors like Joshua was able to blow down the walls of Jericho with trumpets. Their entrepreneurial competitors will be left whistling in the wind."

The Billionaire Entrepreneurs’ Master Mind, http://billiondollarbusiness.blogspot.com/, a global learning organization that helps entrepreneurs create billion dollar businesses from start ups.