Last March 19, 2017, the much awaited second series of Wealth Bootcamp: From Zero to Hero was held at Harold’s Hotel. Around 150 entrepreneurs and aspiring entrepreneurs attended the powerful event.
The first speaker, Jess Faller, Engineer by profession and a Certified Financial Educator talked about the Big 3 in the Financial Industry – the Banking Industry, the Insurance Industry and Investment Industry, where money is created, distributed, brought and sold.
That’ why Financial Education is the biggest and most powerful innovation today. It is important to have basic knowledge on personal finance.
The best solution to get ahead is to become a Financial Literacy advocate. Attend lectures, seminars, coaching classes such as TRC of Bro. Bo, WBC of ProsperPinoy and/or weekend Financial Education Workshop of IMG.
1. A Business is given by the Lord.
Practice “Kaizen” a Japanese term for continuous improvement. Doing small improvements daily is the key to long-term success in life and in business.
Bunny Pages became who he is today through reading. Some of the books that changed his life are the following:
-21 Irrefutable Laws of Leadership by John Maxwell
-Great by Choice by Jim Collins
-Good to Great by Jim Collins
-Ready for Anything by David Allen
-The Greatest Salesman in the World by Og Mandino
-Mindset: The New Pschology of Success by Carol S. Dweck
Bunny Pages’ mobile number was printed in every Thirsty cup before, he personally receives and replies to customer feedback because it is important to listen to the customers. Courteous treatment will make a customer a walking advertisement.
A smart entrepreneur knows that he cannot run a business on his own. The success of a business is a combined effort of the whole team.
5. Everything rises or falls in Leadership.
Knowing how to lead is only half the battle, understanding leadership and actually leading are two different activities, The mindset of a leader is very important, it is the new formula to success.
Two types of mindset:
6. Blue Ocean Strategy
In today’s overcrowded industries, many are competing in the bloody red ocean of rivals fighting over a shrinking profit pool. Blue Ocean Strategy describes how businesses should try to find a way to work in a marketplace that is free of competitors.
To learn more, click this link: Blue Ocean Strategy
The only way to play in the business is to play to win or play not to lose. What’s the difference?
Playing to win means playing all out, you’re putting everything out there to win and holding nothing back. Playing not to lose means holding something back. Being conservative. Making sure if you don’t win, you minimize your losses.
“The better your business becomes, the more you work harder, don’t ever let it go.”
8. The Main Job of a Leader is to Build and Develop more Leaders.
Helping others grow can be one of life’s most rewarding experiences, not only for the business but also for one’s self. Everyone on this earth is good at something; it’s up to you to find out what it is and then build on it.
9. Our Best Asset is the Right People.
Leaders that go from good to great start not with “where” but with “who”. They start by getting the right people on the bus, the wrong people off the bus, and the right people in the right seats.
If you have the right people on your bus, you’ll be able to build momentum since you have the same vision, you’ll be going to the same direction. Nothing beats being part of a team that is expected to produce great results.
If you have the wrong people on the bus, you maybe headed in the right direction but you still won’t achieve greatness. Great vision with mediocre people still produces mediocre results.
10. Build and Sustain Momentum
A. Solving your problems
When faced with a situation, you determine if it is a problem or a condition? A problem has a solution but a condition has none. If it’s a problem, drop everything and do whatever it takes to solve it. If it’s a condition, accept the situation.
B. Capitalizing on your Opportunities
The best preparation to take on a business is a clear mind. Open loop is a thought that is not solved, hence it keeps on popping up in your head all the time such as unfulfilled promises or commitments. To close an open loop is to decide what FIRST action to take and then just do it.
C. Practicing innovation through Kaizen
The major cause of business failures is the entrepreneur himself. When he becomes big-headed and thinks he knows everything, that’s the start of his downfall. The only way to prevent this is to practice continuous improvement.
11. Let them feel that you care for them.
Building strong relationship is key to success. Because in business it’s about people, it’s about relationships.
12. The Universe likes Speed.
Check out our previous Wealth Bootcamp 1.0 Event here.