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Business Ideas – 3 Lessons from George Foreman
Today we’re going to look at how a high school dropout who was constantly in trouble with the law turned his life around and started to believe him himself. He would go on to become two-time former World Heavyweight Boxing Champion and multimillionaire entrepreneur. This is the story of boxing great George Foreman and the top 3 lessons that you can learn from his success.
“Learn to sell and you’ll never starve.”- George Foreman
George “Big George” Foreman (born January 10, 1949) is an Olympic gold medalist, two-time former World Heavyweight Boxing Champion, and entrepreneur. A high school dropout, as a teenager, Foreman didn’t know how to read or write. He took to the streets and got into trouble by picking pockets and mugging people. His sister told him “You’ll never be anything.”
After finding himself on the run from the police one night and digging himself in a pile of mud to avoid their dogs finding him, Foreman decided he had to change his life. He enrolled in a job skills training program for youth and began learning how to read and write. He later also learned how to box and entered into amateur competitions so he could send $50 home to his mother every month. After a year and a half of learning to box he entered into the Olympic Games and won the gold medal. He went on to win the World Heavyweight Boxing Championship twice.
After twice retiring from professional boxing, Foreman became an entrepreneur and toured the world selling George Foreman Grills. In 2002 alone, the company earned $922 million from selling the grills. Foreman would go on to earn 3 times more money from the grills than throughout his entire career as a boxer. He has also moved on to selling TV shows, clothing, books, and Indy Car racing teams.
Action Item #1: Learn How to Sell
Action Item #2: Get People to Like You
Action Item #3: Keep Trying Until it Works
It’s rare that entrepreneurs make it big off their first idea. And even if they do, the idea has changed many times from what they thought they were going to create. Failing is a part of business. The key is to get started. Too many people don’t start because they’re afraid of failing. You will know failure – keep going. Fail smarter the next time and eventually success will be yours.
Foreman isn’t afraid of failing in business. He’s done everything from specialty shoes made for diabetics to a health-food restaurant chain to a reality television series. He’s willing to try almost anything if he thinks it might be a good opportunity and it’s something he believes in. As long as the business is something he can feel proud of and won’t damage his integrity, Foreman is willing to stretch his brand to almost anything. You never know until you try!
According to Foreman: “You’ve got to start out early in the morning and look at hundreds, literally hundreds of things. And it may take a year, it may take three or four years, but you’re going to hit something so you have something to put on the table for your family… You know you put out a lot of buckshot, you’re going to strike one.”
With a criminal record and a reputation for being a troublemaker, few gave Foreman a chance. When he joined the U.S. Job Corps looking for a way to get off the streets, he caused so many problems that he was almost expelled from the program. His supervisor advised him to find a different outlet for his anger and suggested he take up boxing. When Foreman first started to box, he was so scared that he just closed his eyes and swung his massive fists to win the fights. It was only until he started going up against better boxers that he had to learn to fight with his eyes open.
“The greatest asset, even in this country, is not oil and gas. It’s integrity. Everyone is searching for it, asking, ‘Who can I do business with that I can trust?’”
“You must preserve the quality of your name, your integrity. You don’t want to lie about anything. And it’s something that people will be happy about once they get to know you. Because people count on you.”
“Make a decision you’ll be able to sleep with, wake up the next day, look in the mirror and feel good about yourself.”
Business Ideas: 3 Business Ideas from Estee Lauder’s Success
Today we’re going to look at how a girl grew up with no money and lived in a small apartment with her parents and her eight siblings. She would go on to become the only woman on Time magazine’s list of the 20 most influential business geniuses of the century. This is the story of the woman super entrepreneur Estee Lauder and the top 3 lessons that you can learn from her success.
“If you don’t sell, it’s not the product that’s wrong, it’s you… I didn’t get there by wishing for it or hoping for it, but by working for it.” – Estee Lauder
Action Item #1: Don’t Stop at the First No
Lauder was known for her unwavering persistence. When she was trying to expand her European market she arranged a meeting with the manager of Galleries Lafayette, Europe’s largest department store. When the manager said no she ‘accidentally’ spilled her perfume samples on the floor and the store customers started asking how they could buy some of the fragrance. The manager had to give her a contract.
According to Lauder: “I have never worked a day in my life without selling. If I believe in something, I sell it and I sell it hard… If you have a goal, if you want to be successful, if you really want to do it and become another Estee Lauder, you’ve got to work hard, you’ve got to stick to it and you’ve got to believe in what you’re doing.”
Action Item #2: Love What You Do
Lauder loved her products so much that she paid attention to every little detail. When she got her first deal with Saks Fifth Avenue she stood at the entrance door for an entire week and watched women come in. Nine times out of ten, the first place their eyes would wander would be to the right. Not to the left. Not straight ahead. So she asked for her product to be placed on the right.
According to Lauder: “I love my product. I love to touch the creams, smell them, look at them, carry them with me. A person has to love her harvest if she’s to expect others to love it.”
Action Item #3: Sell, Sell, Sell
When Lauder was first getting started she didn’t have money to spend on advertising and promotions so she invested her time into product demos. She began at salons, hotels, subway stations, and even people on the street, offering them a free makeover and the chance to buy her products. She eventually moved to sell to the big department stores but it all began with a $0 budget and her grinding out sale after sale.
According to Lauder: “If you put the product into the customer’s hands, it will speak for itself if it’s something of quality… If you don’t sell, it’s not the product that’s wrong, it’s you.”
Business Ideas – 3 Business Lessons From Pierre Omidyar
Today we’re going to look at how an entrepreneur followed his passion for computers and in one weekend created the code for a new website that would go on to become one of the most well known sites in the world. This is the story of eBay founder Pierre Omidyar and the top 3 lessons that you can learn from his success.
“It is not really work if you are having fun…that was the case with me.” – Pierre Omidyar
Pierre Omidyar (born June 21, 1967) is an American entrepreneur and philanthropist/economist, and the founder/chairman of eBay. Growing up he became fascinated with computers and often skipped gym glass in school to play on their computers. After graduating high school and university, he went to work for an Apple subsidiary to develop software for the Macintosh. Omidyar soon felt the entrepreneur itch and wanted to start his own business.
When Omidyar was 28 years old, he stayed in front of his computer for the entire Labour Day long weekend and wrote the original code for eBay. Originally called “Auction Web”, Omidyar wanted to change the name to echobay and drove to Sacramento to register the name. When he arrived, he found echobay was already registered so he decided to go with eBay on the spot instead of having to make a return trip.
Today, eBay has revenues of over $9 billion and Omidyar serves as its Chairman. He has an estimated net worth of $6.7 billion making him the 50th richest person in the world and it all began with one long weekend writing code and launching a new website.
Action Item #1: Just Go For It
Action Item #2: Follow Your Passion
Action Item #3: Be Nice
eBay was originally hosted on a website that Omidyar had created with information about the ebola virus. The site originally allowed buyers and sellers to connect for free but as the site grew, he had to charge a small fee. Omidyar hoped that the transaction fees would eventually be enough to cover his website hosting costs.
“You should pursue your passion. If you’re passionate about something and you work hard, then I think you will be successful.”
“You have to really believe in what you’re doing, be passionate enough about it so that you will put in the hours and hard work that it takes to actually succeed there, and then you’ll be successful.”
“I was raised with the notion that you can do pretty much do anything you want. I always kind of just went ahead and tried things.”
Lisa Bu: How books can open your mind
What happens when a dream you’ve held since childhood … doesn’t come true? As Lisa Bu adjusted to a new life in the United States, she turned to books to expand her mind and create a new path for herself. She shares her unique approach to reading in this lovely, personal talk about the magic of books.
Lisa Bu has built a career helping people find great stories to listen to. Now she tells her own story.
WHY YOU SHOULD LISTEN TO HER?
At TED’s annual staff retreat, everyone has to get up and talk about something — either about work, or about something interesting from their own lives. In fall 2012, our own Lisa Bu prepared a talk about her love of reading. And our quiet, funny and efficient Content Distribution Manager simply brought down the house, with a story that’s too good not to share. We are thrilled and proud that Lisa is the first TED staffer ever to be invited to speak on the mainstage at the TED Conference.
Born and raised in Hunan, China, Lisa Bu has been with TED since 2011. Before that, she spent seven years as a talk show producer and a digital media content director at Wisconsin Public Radio. She’s also a computer programmer, with a PhD in journalism and an MBA in information systems from the University of Wisconsin-Madison, as well as a BA in Chinese from Nanjing University in China.
Dr. Deepak Chopra, “Spiritual Solutions”
In his latest book, Spiritual Solutions, Dr. Deepak Chopra explains how many of life’s challenges can best be addressed from a spiritual perspective. “The secret is that the level of the problem is never the level of the solution,” he writes. In this interview at Google, Dr. Chopra talks about how we can expand our awareness to address difficulties in our lives.
Fitness for Leadership — Greg Amundson
Attendees discovered how the power of our thoughts and words can make the difference in our ability to lead, educate and inspire others. In this session, we will talk about how to use your body to influence your mind, “feed your dog of courage,” breathe for power, and believe unconditionally in yourself and the ability of others.
The Ultimate Life Movie Promo
This is a Behind the Scenes of the shooting of The Ultimate Life. It has been shot, and is now in Post-Production
Checkout the website Http://theultimatelifemovie.com
Tools for Grieving Children with Lynea Gillen, MS
Published on Jan 7, 2013
Children carry grief in their bodies, hearts and minds in the same way that adults do, but they process it in different ways depending on their age level. In this powerful lecture, Lynea Gillen discussing how to create an environment for children that allows them to express their grief through movement, art and story. Yoga Calm activities and children’s books that help with loss, including Lynea’s new book, will also be explored.
Saks CEO Steve Sadoves Outlook on Luxury Retail
British Luxury Shops Training Staff in Mandarin
Published on Jan 4, 2013
Chinese tourists have made a splash on the international shopping scene, especially in Britain.
The Daily Mail reported that a quarter of a million Chinese tourists visited the UK in 2012. Together, they spent almost $500 million at high-end stores.
[Sue West, Selfridges' Operations Manager]:
“We have Chinese local customers and we have Chinese tourists. So they fall into two camps. But what I can tell you is the international customer has been increasing dramatically over the last two or three years. Last year we saw over a 40-percent increase on the previous year of international Chinese tourists. So it’s by far our highest growing category of international customer.”
Luxury retailer John Lewis reported a 70% increase in Chinese customers for the last 12 months. In response, the store is training its staff in Mandarin to better serve their Chinese customers.
Post-Christmas deals on Boxing Day have made Britain a destination for many mainland Chinese. Back home, they face high taxes on luxury items. That, along with the risk of buying a fake product, makes a trip to the UK worth taking for many.
British businesses are loving it. Some are now letting Chinese customers pay in yuan or with their Chinese credit cards without additional fees.
Harrods department store has also started offering its catalog in Mandarin.
The trend is only expected to continue growing. Luxury brands are the purchase of choice for status-conscious Chinese. Along with their role as gifts in the culture of bribery in China, luxury items on display are a must to those eager to climb up the business or political ladder.