Let’s make MarketHive the best Entrepreneurial Network it can be!

I sent out this post today using Pulse on LinkedIn.

 

As an entrepreneur, we often feel like everything depends on us.  Just like the hard-working woman in the image above, we sometimes can feel like our bicycle has too much loaded on it.  The whole world seems like it is on our shoulders.  In a very real sense, it is true that everything does depend on us.  A wise man once told me to pray as though everything depends on God, and work as though everything depends on you.  Sage advice I think, and words to live by.

That it why we sometimes need a group of like-minded entrepreneurs to exchange information and ideas.  There are many groups on LinkedIn where you can find entrepreneurs and do exactly that.

Sometimes you may think that there should be a marketplace where ideas, as well as products and services for the entrepreneur can be found.  Wouldn't it be great to have an entire social network dedicated to the entrepreneur?  I have been looking for quite a while for such a social network.

I have found a new Social Network that may meet my requirements for just such a place.  It is called MarketHive.  It is a fledgling network, and only time will tell if it grows into a thriving marketplace, but it seems to have good leadership with a solid core of dedicated entrepreneurs.  To find out more, simply visit http://markethive.com/jonlomb.

Thank you and good luck in all your endeavors!

Alan Zibluk – Markethive Founding Member

The Only One Skill That, If You Have, Will Completely Change Your Life

We all look for the key recipe for the success. The secret element which will make all the difference.
The only true answer doesn’t exist. There’re plenty of skills which once mastered would change your life completely (This article originally appeared on Growthzer).

lifestyle motivation self-control

However, a skill that I believe is incredibly important in today's world, and it's something the vast majority of people lacks, is self-control.

Deeply inside, nobody wants to be unhealthy and practice self-destructing habits. But if you look around, people kill themselves every single day. The death may not come immediately, but it's going to arrive way sooner than it supposed to. Diabetes and cancer are sold on every corner. Profit is what counts to most of the companies, your health doesn't. So it's you who's responsible for controlling yourself.

People waste their most precious resource, which is time, on a daily basis and they'll never get it back.
This is caused by the lack of self-control. As a result, the urges, and today's economy is based on your urges, become more powerful than you're, so you act accordingly, instead of acting the way a disciplined person would.

Now, I'm not trying to say that being extremely disciplined would be a good thing. It definitely wouldn't. The overabundance of self-control is probably as harmful as the dearth of it.

But imagine a life in which you learned how to control yourself so that the obstacles the world throws at you become irrelevant: you just proceed with your goals.

Instead of putting junk into your body, you eat healthy foods, allowing yourself a reward in a form of eating what you want from time to time. This will have a tremendous impact on your health. You no longer have to try out fancy diets. If you eat real food instead of food-like products and you control the amounts, then you won't become overweight no matter how much you want it.

You also begin leading an active lifestyle. Instead of giving up on your New Year's fitness resolutions after two weeks, you hit the gym 3 times a week and walk a few miles on a daily basis.

After a year of controlling just these two areas: which is your plate and your lazy ass, you would already hugely transform your life, not just your body.

Now, let's take it further. We're bombarded with entertainment: Television, video games (which you can now play everywhere and every time because of smartphones), the Internet and so on. All these things can become really harmful once you lack self-control, and as you know, most people do not possess this invaluable skill. So instead of playing video games, watching Television or mindlessly browsing the Internet, which all translates to wasting your time, you read.

You commit to reading two hours a day, which may sound like a lot, but ask yourself how many hours you waste daily on the above three time-suckers. Books are life-changing. We learn through experience, but you can only experience so much in a lifetime. Owing to books, you can learn from other people's lives and apply the lessons during your personal journey. You will not find a highly successful person on this planet who would advise against books. Most of them would highly recommend you to consume them like you'd fast food or sweets.

So now a year goes by and you've been reading two hours a day for twelve months. I won't try to estimate the number of books you'd read, but there's one thing you can be sure of. It would be more than what the vast majority of people will ever read in their lifetime. They won't even read the half of it.

But reading great books without applying what you learn won't lead you to completely changing your life. You need to take action. For every single problem you'll experience in your life there's at least one decent book that offers the solution. To most of your issues, there're dozens of great reads. So now, as you start utilizing your knowledge, because due to self-control you proceed instead of procrastinating, imagine how many obstacles you'd overcome.

I'd like to take it further, so let's continue. As you read for two hours on a daily basis, you eventually become inspired to put your own thoughts on the paper. You realize that you'd love to write a book. The fact is, more than 80% of people wish to, but only 1% of them will ever write a book. And you know why 99% will fail? Because they lack the self-control to do the right thing instead of letting their urges dictate the flow of the day.

Fortunately, that's no longer your problem, so you commit to writing 500 words a day and stick to that for another twelve months. At the end of the year, you end up with more than 180 000 words of content. It may not necessarily be the piece of art comparing to the great writers, but it's definitely a miracle in comparison to what you used to be before you learned the skill of self-control.

Let's assume the positive, because why wouldn't we? Your book turns out to be pretty decent, which you've heard from a few people that you shared your work with. So you hire an editor and graphic designer to prepare it for publishing. Because of the self-publishing movement growing in power, you no longer need to cooperate with the publishing house. You can publish it on Amazon and let the readers judge your words.

More and more positive reviews appear under your name, money starts coming in. Over time, you become a recognized author and you like it so much that you continue polishing your craft. Maybe you'd even quit your job? Every year, you add a new book to your writer's portfolio.

Taking this story further in your imagination will either overwhelm you or inspire you to begin working on your self-control today. There're tons of invaluable skills to learn which has the potential to transform your life, but self-control is the key required to keep working on whatever skill you'd like to develop.

Some people would say that this sounds nice when you read it, but doing is a whole different story. It absolutely is. But why would you expect a miracle, a complete life-transformation caused by ordinary actions.

The society is mostly made of the third type. They just wonder why the heck they're in debt, overweight and miserable. Then there's the second type of people, who start to observe their surroundings more carefully as they become sick of being in the third category. They watch the high-achievers, the men of action. Some of them will eventually take a full responsibility for their lives and join the first type, also know as the happiest and fulfilled people, those who make things happen.

They know that the above scenario is absolutely possible, and the only barrier which separates you from achieving it, is you who need to finally find enough self-control to make it happen.

If you believe that my message is worth spreading, please use the share buttons.

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


 

Alan Zibluk – Markethive Founding Member

Residual Income: What Is It and How Does It Work?

A residual income stream will earn you money even when you're not on the clock. Owning rental units, collecting royalties or investing in a savings and investment program are examples of such passive incomes.
 

residual income

Residual Income: What Is it and How Does It Work?

Wouldn’t it be nice to earn money while not working? That money is called residual, or recurring, income. It's what can happen after you put a lot of time, effort and sometimes money into a job to continue to get paid for the work months or years after it's done. (Salary jobs are part of linear income. This income is directly related to the number of hours you work. If you work 40 hours, you get paid for 40 hours of work.) Once you set up your business to earn residual income, you continue to make money while doing other things – maybe even starting a new business to generate more residual income!

Types of Residual Income

Some examples of residual income sources include:

  • Royalties from intellectual property, such as books and patents
  • Subscriptions, advertisements, donations or affiliate links from your blog or website
  • Transferring the rights to a song you recorded, a book you wrote, a software program you created or a gadget you invented to a company agreeing to pay you a percentage of each copy of your work sold
  • Purchasing an office or apartment building and leasing or renting out the properties
  • A savings and investment program that earns interest
  • E-book sales
  • Stock photography royalties

Does the Money Just Keep Rolling In?

The ideal residual income stream will produce money 24 hours a day, 7 days a week and you don’t have to personally market or interact with the business in any way. All you have to do is watch your bank account grow.

But that’s more like a fairytale. You’ll have to put in some effort to continue receiving residual income on the business you started. Talking to your managers and representatives will help them be more productive and run your business better. Marketing your online sales through social media and your network will help earn you more money. But you just won’t have to work at it as your full time job. Think of it as a part time job that can potentially bring in full time pay.

Advantages to Residual Income

  • You do have the potential to be financially independent if your residual income produces enough money.
  • Having residual income allows you to do more important things with your time. Whether that’s a hobby or another job, making money from your residual income stream won’t be the primary focus of your life.
  • No matter what, you will have a constant flow of income (however large or small it may be). This is critical if you get injured or sick, can’t work because of another emergency, or if you just want to take an extended vacation.
  • You will make money no matter where you live, unlike a linear income which ties you down to your position.

Of course, before the money starts rolling in you will probably have to put a lot of time, effort and money into the business or project. You’ll need a lot of patience and determination to see the residual income in the future. Instant gratification is not possible when it comes to residual income.

If you enjoyed this article, please use the share buttons at the top of the page.

 

Stephen Hodgkiss
Chief Engineer at MarketHive

markethive.com


Alan Zibluk – Markethive Founding Member