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The Less Money You Have the Better!

penny We were talking with one of our banker friends recently about start-ups. He said that people often look for money when they should ask if there’s a better way to run their business. Money isn’t always the best solution.

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In fact, sometimes not having a lot of money to get started is a good thing because it forces you to be innovative and look for ways to save money. Obviously, it is possible to have too little money. Most of us have probably experienced that a time or two.

The baker

He told us about a person who wanted to start a bakery. She thought she needed a storefront. Our banker friend asked her who her customers would be. She said it would be friends and family at first. Then she expected word-of-mouth to take it from there. So he suggested that she just use her own kitchen or find a way to use a commercial kitchen part-time, instead of spending money on rent, utilities and all the other costs of maintaining a store. She didn’t need much money if she used this operating strategy.

An internet business

A friend of ours is putting together a really cool web site. They want to have an active community. They were going to pay a developer quite a bit of money to put together the forum area. We talked him into using open-source software and having it custom designed after his community starts building. He cuts his start-up costs drastically!

A chiropractor

Our banker friend knew a chiropractor who thought he needed to rent office space so he had a place for his patients. Instead, he found a fellow chiropractor who had extra space. He rented from this chiropractor for five years. Then he secured his own location – one he knew he could afford based on the income stream he had established.

He reduced his risk and conserved money by finding a better solution to get started. Because if you build it, they may not come. Test it out first!

The average entrepreneur starts his or her business with around $25,000. Sometimes the less money you have the better, because it forces you to think creatively and spend every penny wisely. Here are two entrepreneurs who did just that …

Bear Naked

Kelly Flatley is the co-owner of the all-natural snack food business, Bear Naked.
When her business was young, she didn’t go out and rent a large space to manufacture her product. No, she negotiated to use the commercial kitchen at a local market after they closed. She manufactured at night and made deliveries to her retail customers during the day. 

Sure, she worked some crazy hours. Don’t most entrepreneurs? That’s a concession for not having money. If you’re undercapitalized, you may have to get creative and make it up with “sweat equity”.

Newman’s Own

Years ago, we heard the story of how one of our favorites, Paul Newman, started Newman’s Own – his food products company that has donated millions to charity. The details here probably aren’t fully correct, but that’s not as important as understanding what he did.

He invested a small amount of money to start his business. He contracted with one company to manufacture the product. Another company sold it to grocery stores. He outsourced almost everything. His business was bringing in millions a year in sales, yet it only had one or two employees!

He did all this with very little money, but a whole lot of creativity! You can do it too!

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Next time, we’ll discuss how something as simple as the font you choose can get people to do what you want. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00256-110308.mp3

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Halloween: A Great Time to Tap into Your Creative Side

halloween Friday is play day on The Bigg Success Show. We spend time looking at our personal lives and ways those activities can benefit us professionally as well. We’ve talked before about why it’s important to tap into your child-like nature and use your imagination.

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With Halloween coming up, it’s the perfect opportunity to be a bigg kid again. When you get invited to a costume party, don’t be a stick-in-the-mud. (Although, come to think of it, that would be a great costume!) Play along. Have some fun.

One of our favorite places, Boltini, is turning themselves into a speakeasy this year. Yep, that’s right … we’re going back to the roaring 20s! 

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marylynnI went as the waitress from hell one year. I wore an old dress with one of my old aprons, and I had a tray for serving up eyeballs and all kinds of nasty things. This year, I think I’ll be the freaky flapper girl. Instead of a feather boa, I’ll wear a spider web!

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georgeI had thought about being a gangster, but that may be a bit too obvious. We had dinner with some friends the other night. They have a friend who just got married so she’s hyphenating her name now. It’s Butts McGee. I love that name. I immediately pictured a beat reporter from the 20’s. So I’m going as Butts McGee!

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3 fun costume ideas

We found a list of great costume ideas over at the Hollywood Flakes sight. Here are our three favorites, but check out her full list for more great ideas:

Nudist on strike
This is a really simple costume that can be created at the last minute. Dress in your normal clues. Make up a picket sign that says “Nudist on strike.” Just make sure you’re home before the strike ends!

Chick magnet

This is another very simple idea, although perhaps not the cheap. Get a bunch of Barbie dolls and attach them all over your body. It’s every guys dream, right?

Miss Conception

This is the perfect costume if you’re pregnant, but it can work for anybody – just use a pillow. Get a glamorous gown. Do your hair and your make-up like you would for a beauty contest. Make a sash that says “Miss Conception”. Then just smile and wave all evening!

Use our comment box below to share your costume ideas with our community!

Play time is important. A Halloween party is a great way to spend time with friends. Little things, like creating a costume, tap into your creativity. Sometimes, it’s good to be a bigg kid!

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Get the tips and tools you need to be a BIGG success!
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Next time, we’ll visit with a money expert about the emotions of money. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00250-102408.mp3

Little Adults, Bigg Kids: What We're All Missing Out On

playground We recently read a great post by Dr. Robyn Silvermen about treating kids like little adults. She offers a lot of great links to research and other articles about this increasing trend.

 

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The calendars of kids today are as busy as ours. Between school and all their extracurricular activities, they’re too busy to really play.

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georgeI saw an interview with a little girl awhile back. She was brilliant, doing well in school and excelling at everything she did. Her one wish was that she could just have some time to play.

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Isn’t that sad?

Play pays

Don’t get us wrong – extracurricular activities are great, but it’s good to also have time to engage in activities that don’t have a goal with performance stress attached.

It’s good for kids to just play. It’s good for them physically, socially, and mentally. Play helps them develop their imagination and creativity as well as socially – all important skills in the years ahead.

Turning back the clock

Dr. Robyn cites a growing trend of kids having fitness club memberships. How many of us just love going to the gym? Do you remember playing … just good old fashioned play?  It was fun. Something you couldn’t wait to do. You got some great exercise, but you didn’t watch the clock like you do when you’re working out at the club. 

Speaking of clocks, the sad part is that we seem to be turning back the clock. Dr. Robyn’s article includes a quote that says kids are about two years behind in their development compared to sixty years ago. It seems we’re not evolving; we’re going backwards.

We need to do a 180

So let’s let the kids be kids. In fact, let’s take it a step further. Let’s do a 180 degree turn – instead of trying to turn kids into little adults, let’s become bigg kids.

Not in an immature way … just for fun and all the benefits that come with it.

We need to be more child-like. Do you remember being fascinated by bugs? Of course, we’re not talking about bugs inside the house. But isn’t it fascinating to just watch a praying mantis? How relaxing is it to see butterflies fluttering around?

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marylynnThat’s one of the reasons I love going for walks. I just love seeing all the cool plants. There’s a lake close to our house so I can watch the fish. It sure beats going to the fitness center and watching TV!

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We get so busy working that we don’t have a second to spare. Sometimes we even block people out so we can get all of our work done. That’s when play time is especially important. Play time is social time. You can relax and talk with people.

And you learn … things that you might not learn any other way. Because other people have different interests. By playing – socializing – you expand our interests. That helps you look at old problems in new ways. You find solutions that you may not find if you don’t get out of your routine.

Play expands our imaginations. Our imagination leads us to be more creative, more innovative. Which is how we find those bigg ideas that lead to bigg success!

___

Get the tips and tools you need to be a BIGG success!
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Next time, we’ll take on Washington and Wall Street. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Related posts

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(Image by mommyof9)

Little Adults, Bigg Kids: What We’re All Missing Out On

playground We recently read a great post by Dr. Robyn Silvermen about treating kids like little adults. She offers a lot of great links to research and other articles about this increasing trend.

 

___

The calendars of kids today are as busy as ours. Between school and all their extracurricular activities, they’re too busy to really play.

___

georgeI saw an interview with a little girl awhile back. She was brilliant, doing well in school and excelling at everything she did. Her one wish was that she could just have some time to play.

___

Isn’t that sad?

Play pays

Don’t get us wrong – extracurricular activities are great, but it’s good to also have time to engage in activities that don’t have a goal with performance stress attached.

It’s good for kids to just play. It’s good for them physically, socially, and mentally. Play helps them develop their imagination and creativity as well as socially – all important skills in the years ahead.

Turning back the clock

Dr. Robyn cites a growing trend of kids having fitness club memberships. How many of us just love going to the gym? Do you remember playing … just good old fashioned play?  It was fun. Something you couldn’t wait to do. You got some great exercise, but you didn’t watch the clock like you do when you’re working out at the club. 

Speaking of clocks, the sad part is that we seem to be turning back the clock. Dr. Robyn’s article includes a quote that says kids are about two years behind in their development compared to sixty years ago. It seems we’re not evolving; we’re going backwards.

We need to do a 180

So let’s let the kids be kids. In fact, let’s take it a step further. Let’s do a 180 degree turn – instead of trying to turn kids into little adults, let’s become bigg kids.

Not in an immature way … just for fun and all the benefits that come with it.

We need to be more child-like. Do you remember being fascinated by bugs? Of course, we’re not talking about bugs inside the house. But isn’t it fascinating to just watch a praying mantis? How relaxing is it to see butterflies fluttering around?

___

marylynnThat’s one of the reasons I love going for walks. I just love seeing all the cool plants. There’s a lake close to our house so I can watch the fish. It sure beats going to the fitness center and watching TV!

___

We get so busy working that we don’t have a second to spare. Sometimes we even block people out so we can get all of our work done. That’s when play time is especially important. Play time is social time. You can relax and talk with people.

And you learn … things that you might not learn any other way. Because other people have different interests. By playing – socializing – you expand our interests. That helps you look at old problems in new ways. You find solutions that you may not find if you don’t get out of your routine.

Play expands our imaginations. Our imagination leads us to be more creative, more innovative. Which is how we find those bigg ideas that lead to bigg success!

___

Get the tips and tools you need to be a BIGG success!
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Next time, we’ll take on Washington and Wall Street. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Related posts

A Wii Bit of Fun

Backyard Bliss

(Image by mommyof9)

The Art of Knowing Yourself

questions In the movie, Pretty Woman, Vivian Ward (played by Julia Roberts) and Edward Lewis (Richard Gere) go to an opera. Edward explains to Vivian that some people who go to an opera for the first time love it. He continues that others don’t love it; they may come to appreciate it, but they will never love it. At the end of the opera, Vivian is crying while Edward sits stoically watching her.

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There’s a great article, by Eriq Gardner over at Psychology Today, about what your choice in art says about you. He describes four 4 personality types:

#1 – Taste hunters
These people are always looking for new art and sharing their discoveries with others. If you visited their home, you’d find an eclectic mix of books, CDs, and DVDs. These people are more likely to become artists themselves.

#2 – Thrill seekers
These people are highly social, connecting with others at concerts, clubs & theaters. They crave sensory excitement, often consuming several media at once. They enjoy bold colors or themes of sex or violence.

#3 – Self-medicators

These people may be somewhat neurotic, evidenced by anxiety and sensitivity. They are highly creative and emotional. So they like art that depicts emotion – romantic movies and books, and music like rap and heavy metal. They use art to regulate their moods and validate their feelings.

#4 – Art as decoration
These conscientious people are dependable, focused, and task-oriented. They enjoy order and rules. So they like art about things they like in real life. They choose art for its aesthetics, often selecting it based on its market value. Conventional art is preferred over modern or abstract. Musicians who are technically accomplished are favored.

Which type are you?

Edward Lewis was definitely the “art as decoration” personality. He went to the opera to be seen by people who viewed as important. He chose the best seat because it made him look important. He consumed art in a very logical manner. He didn’t experience it fully, but he appreciated the craftsmanship that went into making it.

Vivian Ward was very extroverted, enjoying flashy clothes throughout the movie. She felt the opera deeply. This all steers us toward thinking she was a “thrill seeker”. But she was also very emotional, perhaps showing some tendencies of a “self-medicator”.

That’s the thing about these four personality types. Most of us probably fit into more than one. What type or types are you?

Consuming art can reduce your stress

The article also cites a study of office workers – one group looked at art, the other didn’t. It took five hours for the group that didn’t look at art to wind down after work. The group who looked at art achieved the same stress level in forty minutes!

It also helps you understand yourself better. By thinking about the type of art you like, you get to know yourself better.

It’s also a great way to get a conversation going. It helps you connect with others. By knowing what art a person consumes, you come to understand them better.
So take advantage of the upcoming weekend to take in some art!

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Next time, we’ll discuss smart investors in tough times. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Related posts

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