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Want 4 Success Keys Of A ‘Real Life’ Billionaire ?
By Mark Flournoy | April 11, 2008
Inside The Mind Of A Billionaire (True Story)
Todays true story is pretty amazing and it’ll give you insight into the mind of a billionaire (BEFORE he made billions).
This is the story of a young man who started a business and because of his optimistic nature he named it Cadabra, Inc (after the cartoonish magical term Abracadabra).
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But in the first year magic didn’t happen and his business was spilling out much more cash then it was taking in. And to make matters worse, he was dead broke. He had spent all his savings. He had spent all the money he borrowed to start the business. He already felt the pressure of owing a large chunk of money to his parents. He was under the gun because if he didn’t come up with money within 45 days his business (his baby) would die.
His balance sheet was NOT good.Let me break from the story for a second to ask you…
Have you ever been in a tough spot?
Have you ever felt the pressure risking the money of people you loved?
How is your balance sheet?
Well, the truth is that, if you have the right mindset it does NOT matter what your balance sheet looks like. Because, as you’ll discover in a moment, the most important success factors don’t show up on a balance sheet.
What did the Jeffrey Preston do? I’ll reveal that answer in a moment but, first, let’s back up so you can be properly introduced.
This is the story of Jeffrey Preston. Jeffrey never knew his biological dad. But, while pregnant, his mom met a Cuban refugee and later they got married. Five years later the Cuban man adopted Jeffrey.
Jeffrey was a super nerdy kid. In fact, he got scholarships to college and graduated at the top of his class.
Not long after college he got a job leading a team whose sole purpose was to find new opportunities for his employer, an investment company. His team created a 3-step method for finding rich new opportunities. That’s how he uncovered the stellar idea for his exciting new business.
Before grabbing the business idea for himself he offered it to his employer. To his surprise, the employer promptly rejected it. That’s when Jeffrey Preston decided to start the business himself.
He was so committed that he moved from NY to Seattle just because he thought it would be an ideal place for his business. On the way to Seattle, while his friend drove, he wrote out a business plan.
When he arrived he lived with a friend, while working hard and laying a fairly good foundation for his new business, an internet store.
It started with good sales but to fulfill the orders he had to hire people. And that brought him to the cash flow crisis mentioned at the start of this article.
How did he feel about being between a rock and a hard place? Having his back against the wall and being forced to produce cash?
You might be shocked by his actual behavior.
Here’s what a couple of employees said.. “I don’t know if Jeff ever worried about financing because he was so focused on the business plan”
“He was just so sold on what he was doing that he naturally assumed it would take care of itself.”
His cool calm, confidence and inner FAITH became a cornerstone of his eventual business success. Even though his balance sheet didn’t show a positive cash-flow he found investors who were willing to bet on him and his business.
/——-SIDEBAR——–/
HOW TO MEASURE YOUR TRUE VALUE
For just a second, please consider your personal balance sheet. On one side are the assets and the other are the liabilities. And around the world businesses use balance sheets to determine value.
But just as Jeff discovered balance sheets don’t show YOUR real value. The real value is NOT based on some numbers.
Your real value is, at least partially, based on what you are willing to do, from this point forward. On a balance sheet there’s not a column for desire or lessons learned. There is not a column for the obstacles you’ve overcome to get where you are. So please don’t judge yourself based on a balance sheet.
And don’t fall into the trap of comparing your balance sheet to your neighbors. Instead, dance to the beat of your own drum.
Give yourself credit for how far you’ve come. Give yourself credit for taking the time to read my crazy ramblings because it shows that you’re one of the few to actually takes action towards what you truly want.
/——-END SIDEBAR——–/
One More Important Point:
Let me mention that before launching his business Jeff didn’t have money for advertising. So he used all the free publicity methods he could find. One free publicity method was to list your business on internet directories.
But there was one BIG problem. Companies are listed in alphabetical order and Cadabra was too far down the list. So that’s when he changed his business name to Amazon.com
So as you see eventually the magic did happen.
Oh, also about his name. When he was adopted he picked up the name of his Cuban dad: Bezos. Today, they are still very close and they share a wild sense of humor.
Success Lessons for Jeff the Billionaire:
1. Once you find a winning idea fully commit to bringing it to life. Jeff committed by moving across the country to start his business. Are you fully committed to bringing your dreams to life?
2. Build a solid plan. His plan was filled with strategies that gave him a solid advantage.
3. Work to build a long and lasting foundation
4. Have faith in yourself, your business and your plan.
Remember, it only takes a moment to make More Progress!
Mark
PS. It was Jeff’s faith that kept him moving forward. I’ve just released a new Mental Mastery Video on Faith. You can see it FREE at… New Faith Mastery Video (it’s the last video on the page)
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9 Responses to “Want 4 Success Keys Of A ‘Real Life’ Billionaire ?”
Comments
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April 12th, 2008 at 6:07 am
I loved this story and if I could write like that then I would have a skill to offer. I keep reading these miracle stories and the successes but these people start off with something to sell.I get millions of e mails inviting me to join this or that programme, why would they want a person without skills or product to offer? I have come to the conclusion this whole Internet business is one big hype for a handful of people.
Liz
April 12th, 2008 at 6:59 am
Hi,
Great inspirational story.
Thanks for sharing it.
By the way,the Faith mastery video is great.
best wishes,
kannan viswagandhi
http://www.growing-self.blogspot.com
April 12th, 2008 at 7:19 am
Hi Liz,
I’m glad you enjoyed the story. And your kind words about my writing are greatly appreciated.
Most of my life I’ve been a ‘bad’ writer but then I found my passion. I’m passionate about this topic and people like you. The more passionate I become the more my writing improved. The point is that YOU can write like this. Just find your passion and let your heart do the writing.
About the internet as a business, I understand your sentiments because, like you, I get all the emails. So many people are just trying to get your money. They don’t understand that it’s much better to give then the money will follow. Lets hope they become more enlightened!
Mark
April 12th, 2008 at 7:23 am
Hi Kannan,
Thanks for your comments!
Mark
April 12th, 2008 at 12:31 pm
Thanks for this inspiring story. It’s what I needed today
April 12th, 2008 at 5:28 pm
Hi Mel,
You’re welcome,
Thanks for your comment!
I appreciate it.
Mark
April 17th, 2008 at 11:22 am
[…] Want 4 Success Keys Of A ‘Real Life’ Billionaire ? […]
April 27th, 2008 at 4:47 am
Yes, I will give myself credit for go toward, even if I am not sure it will enough… Thank you the idea. I will added the first half by which your video because I can’t charge more (all). I will compensate the missing half with… faith and perseverance. Your videos are very inspired and suggestive. Thank you share they with me.
April 27th, 2008 at 6:35 am
Hi Margareta,
I’m glad you enjoyed the video. Yes, please give yourself credit. Allow that light within you to shine
Mark