What's This Pile Of Cash Doing Here?

Friday, February 16, 2007

Official Millionaire In Air France

Although, it was a 12 hours flight from France to Singapore. It was a certainly pleasant one as there was always someone I meet along the way whom I had a golden opportunity to talk and discuss with. At this point in time, if you've decided to fly somewhere always keep an entreprenurial mindset.




Smile and introduce yourself if you don't already know the name of the person next to you. It helps to warm up the atmosphere between you. This flight which was AF256 I had the chance to sit next to a nice lady named Anne. She was on the same flight as me transiting to Australia after Singapore. So, we had the chance to discuss and exchange views along the way.

Here's how it went...

Anne: Hi (with a BIG smile... man, her teeth is really white!), are you going back from holidays?

Me : Oh Hi! (embarrased I'd not greet her earlier and fumbling with my safety buckle), no actually I'm on my way back from a business trip. The thing is I enjoyed it as I had the chance to go skiing for the first time too.

Anne: Wow, it's your first time ? I'm sure it was fun.

Me: What about you ? It seems you're on your way for a holiday.

This is how it got started and I wished to continue scripting it for you but it would take up plenty of your time and I'm going to compact it to be easier for you to digest. Basically, I found out that she was from Paris. A practising lawyer who is now caught between the corporate world and working on her business which was an almost-established private practice.

She had the miraculous chance to go back to Australia for about 2 weeks to attend her brothers wedding in Perth. Here's the thing, she doesn't even know the bride or met her before. That's how we got started talking and I was able to get get core value about having not enough time to spend with her personal life.

OK, you don't have to keep guessing. She's a successful person by profession. Normally, I'd wanted to say that having 2 firms of her own in both Paris and in Marseille would make her already wealthy and also having a few properties which are generating cashflow is nice. She just hit one major dead end. No matter what, she didn't have enough time or manpower to run her businesses, travel time or even at corporate work.

In fact, being caught between "closing down" her passion at business and going back to the corporate world almost destroyed her internally.

I continued to talk to her very personally sharing some entreprenurial insights about why we are entrepreneurs before we are business minded people because thats what motivates us. The very same burning passion about what we do is why we decided to get into starting a business is very simply... it is always an achievement.

You probably want me to get to the point? Alright here you go.

I told her that if she continued that way she would not have enough time for her business even if it had many clients, that she might have to end up working weekends late (which was already happening). Also, if she lost her job probably she'd have no way of having a steady income stream to survive.

Then, I told her about how I run my online business. It runs 24 hours, 7 days a week regardless of whether I'm awake or asleep an it is 'automated' after I have established my basic 'infrastructure'. It also will generate a recurring income and probably more if I decide to work more on it.

Here's the punch line!

I'm in profit (recovered every single cent I spent) after only 7 months!

She was so amazed and just said that "Wow! That's exactly what I want! A business that runs even without my full involvement. So, I will have both income and time on my hands. I admire what you're doing because this requires great technical mastery!"

I just smiled, and had wanted to explain it isn't that hard... but ... I kept smiling and said,

"Thanks"

She went to sleep after a short meal.

The point is, it just takes more than 1 hour of conversation to explain how I did it.

If you're still reading this. You're going to wonder the same question as her probably "Vern, how in the world did you do it and what did you do?"

Stick around. You'll find out soon for just being a loyal reader ;)

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2 Comments:

Anonymous Allan Tan said...

Vern,

Else else does not want to own an online business and stay at home with growing children?

I want.

Keep charging!

Allan Tan

11:47 PM  
Blogger Vern How said...

Hi Allan,

We all want freedom in terms of money but also most of us majorly want freedom in the form of time too.

2:12 PM  

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