1 I know that ... no you don't know anything until you do it. so action is important

2 poor entrepreneur says: my business is different ! so your advice don't apply to me. NO you have to think outside the box

3 elite entrepreneurs says : how can I implement this in my business ?

4 before everything about your business: the marketing, the sale, the employees you hire, the work that you do, the systems you implement, etc., first you need to prioritise attracting and retaining long-term paying clients above all else.

5 there's no law saying that you have to exchange information. when you network, be genuine. Get to know the other person. If there is a connection or an opportunity to add value, then that is when exchange of information should occur.

6 money earned is a byproduct of value creation. The more value you deliver to people the more money you are going to make. you want higher income? serve more people.

7 become a person of value. a person of value is a person of: 1 influence 2 expertise and experience 3 big network

8 you have to become a person of value beyond your core product or service : if you can only deliver value from your core product or service, isn't that very limited? so that restricts the amount of value you can deliver, restricts the amount of people who can serve, and restrict the amount of people you can meet. You have to be more diversified to expand your network.

9 as an entrepreneur, you don't get paid for your time . You get paid for the value you bring to the time. So how can you become more valuable? 1 become an expert. Learn your subject. 2 expand your interest in others. 3 podcast, blog, create videos ( content) 4 speak, host events 5 refer business to your customers

10 you want to network for your network: go and network for others. network for your clients. 1 when you refer customers to clients, they become happier and better clients. 2 they refer more business to you. " Tam what if I don't have a large network of high quality people?" it means you don't have big client base. You don't have clients to send referrals too. Associate with people who already have a huge network.

11 join a mastermind group.

12 97% of the population are dead or dead broke at the age of 65 because they are conditioned to think like a poor person. Only 3% succeed financially.

13 becoming a millionaire is not difficult, it's different. Find out what the majority of the people are doing, and do exactly the opposite.

14 the definition of networking ( conventional wisdom): the exchange of information or services among individuals, groups or institutions; specifically the cultivation of productive relationships for employment or business. this definition is wrong. the real definition is: any activity that increase the value of your network and/or the value you contribute to it.

15 the only employee you should hire is a profitable employee because your goal is to make a profit. If you want a friend, just buy a dog.

16 manage your employees by persuasion, find out their goals and dreams, what make them tick and manage accordingly. you have to Think Bigger for your team.

17 good leaders communicate a compelling Vision. if you say this to your employees A I just want to have a meet up once a while vs B I want to impact over 100000 entrepreneurs in next 5 years. Which one more compelling? B

18 bonuses for your employees should buy something of value, such as: recognition, encouragement, stuff that doesn't cost money, or bonus based on performance.