Learn how the purple tree concept helped one man turned a $15,000 investment into $10 million! Click the player to listen to this BIGG Success Show podcast. Find the summary below.
One of the most frequent questions we get is how we come up with show topics. So we thought we’d give you a peak behind the curtain and show you how we arrived at today’s show idea.
We were eating!
That’s why today’s show topic is really … I can’t believe I ate that whole thing! Plop … plop … fizz … fizz!
Mary-Lynn recalled …
We were at a family diner. I started reminiscing about when I was a kid. There was this restaurant that we would go to when we went to visit my grandma. It was called the Hen House. The outside looked like a big red barn. The inside had a country décor and a fun little gift shop that my sister and I would always visit after eating. They had games and books and candy …
George added …
We’re showing our roots here. For those of you who aren’t familiar with it (which is likely most of you), the Hen House was a Midwestern chain. Sort of a smaller version of Cracker Barrel.
I have a book by William Dooner, the guy who started the Hen House chain. And to me, the most memorable thing from his book is when he talks about the purple tree in the forest.
https://biggsuccess.com/wp-content/uploads/2008/07/Have-You-Seen-The-Purple-Tree-blog-post-image-448x430-1.png430448George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2024-10-05 18:40:362024-10-06 18:05:41You’ve Heard of the Purple Cow, but Have You Seen The Purple Tree?
Stocks are up significantly from their low in March of this year. Of course, they still haven’t clawed their way back to the level we saw in 2007. However, you have to ask yourself if stocks are the best place to put your money right now.
Treasuries – bonds issued by our government – have also had quite a run as investors have fled to safety. If interest rates go down, the value of the underlying note goes up. Interest rates are incredibly low right now. How much lower can they go? Read more
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2009-11-24 12:05:002018-10-01 18:31:46The Best Investment You Can Make Now
Fortune does a great job every year of compiling the 100 best places to work. They put out the list for 2009 a little while back. We found their top pick this year interesting.
NetApp, a data storage and management company, knocked Google out of the top spot for the first time in three years.
You can find a great video about NetApp on the Fortune site. NetApp invests time and money to create a culture where people want to work. The video shows people playing volleyball and working out in the company gym. It sure doesn’t look like work!
NetApp has a program that pays employees to take time off to volunteer for something they’re passionate about. They’ve found that employees sometimes come together to work on a cause. So this program has helped build teamwork among their people.
You may be thinking …
“Well, this is great but it sure wouldn’t work in my business.”
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I understand why someone might think that because it wouldn’t have worked in the businesses I was in before we started Bigg Success. Most of our people were in the field. We didn’t need a gym – the work was very physical so most of our employees got a great workout with their job. We were lucky to see most of our people for fifteen minutes a day. But the details of what NetApp does aren’t really important.
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Yeah, it’s the idea behind what they’re doing at NetApp that we think is most interesting. Bigg success is life on your own terms. The leaders of the company are certainly doing that. They set out to build a great company by creating a great place to work. The founder says that they took a leap of faith and spent time and money to create this incredible environment for their employees.
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That’s three of the five elements of bigg success right there – growth, time and money! But they hit all five because they have found ways to let their employees play at work.
Now isn’t that an interesting idea? Work doesn’t have to be … work.
Something magical happens
In the interview, NetApp’s founder talks about energizing people. They think when people feel good – when they feel motivated – something magical happens.
That’s why we’re talking about them today. They are a great example of something that’s critical to living our lives on our own terms. It’s the bigg idea behind bigg success:
You create synergy between the five elements of bigg success by understanding the relationship between them and discovering ways to get them all working in sync.
Our lives are fuller when we’re able to do that.
We work to make money so we can afford to play. But what if you can work and play all at the same time. Isn’t that so much better?
What if you loved your work so much that it seemed like play? What if that work paid you enough to buy everything you really wanted?
NetApp took a leap of faith that’s paying off for them. Sure, they’re being affected by current economic conditions. But their market share has gone up in spite of it.
It can happen to you too. In your life. In your business.
Look for ways to blend the five elements for your benefit. That leads to bigg success!
Have you found ways to blend work and play?
You can share that with us by leaving a comment below, calling us at 877.988.BIGG or sending us an e-mail at bigginfo@biggsuccess.com.
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2009-04-10 02:00:322009-04-15 23:01:32Mixing Work and Play
Last time, we discussed using the way a venture capitalist invests as a model for how we invest our time. We talked about a 4-step process to create a portfolio of activities that generates the greatest return.
The example
Now we want to look at an example. Let’s say that you make $100,000 a year. You invest 2,500 hours a year – 50 hours a week for 50 weeks – to earn that money. We immediately see that you’re making $40 an hour.
Now we want to extend that concept. We hear a lot about the right mix of assets when it comes to investing in our retirement portfolios. But we don’t often think of the activities we perform – how we invest our time – as a mix of assets.
Investing time like a venture capitalist allocates money
We should because the things we do should add value to our lives or we shouldn’t do them. So we want to approach our investment of time like it’s a portfolio … specifically, a venture capitalist’s portfolio.
A venture capitalist invests in a bunch of companies. Then they see how they perform and make decisions. If a company is hitting its marks, they keep funding it. If not, they don’t. They are constantly allocating money to the companies that look like they will generate the greatest return.
We can use this as a model for how we invest our time.
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