Do What You Can. Hire What You Can’t.
Why make money when you can make millionaires? Loral Langemeier is the founder and CEO of the wealth-building mentoring program, Live Out Loud. She’s been featured in “The Secret,” and she’s the author of “The Millionaire Maker” series, including “The Millionaire Maker: Act, Think, and Make Money the Way the Wealthy Do”.
Loral Langemeier has many passions. She loves people, sports, teaching, money, play, dinner parties, wine, and fun. Everything she touches seems to become a passion to her. Growing up on a farm in Nebraska taught Loral never to “ask” for money, but that’s exactly what she does today. She teaches others to do it as well, and she turns some of them into millionaires.
Loral believes that you can turn anything into a profitable business. She sees people every day who perform services for free. Can you write? Why not get paid for it? Can you paint? Why not charge people for murals in children’s rooms? Can you drive? Why not run errands for people who are unable or too busy to do it themselves?
Loral became a millionaire in her 30’s after starting her own business as a teenager. How? Plain and simple: she asked for money. One of her passions had always been sports and fitness, so she decided to become a personal trainer. In college, she taught her friends how to host aerobic workout sessions.
Her aerobics classes led to a business in which she was getting paid for other people’s efforts. She found the clients, and then she got a percentage of the profits her employees made. This eventually led to a multi-million dollar contract with the Chevron Corporation in which she set up fitness centers on over 200 offshore oil rigs.
Loral Langemeier’s motto might sound something like, “Strengthen Your Strengths, and Hire Your Weaknesses.” In other words, don’t waste your time. Building a very successful business requires you to hit the ground running. You can’t do that if you’re bogged down in the details because you don’t know what you’re doing.
Of course, not everyone can hire a full staff in the beginning. It’s important to start with a couple of key people who can multi-task or work seasonally. That means that someone who failed math three times should hire an accountant. Someone who knows nothing about advertising should hire a marketing manager. Most importantly, if it’s worth doing, it’s worth being paid well to do it. It won’t take long before you can afford a full staff.
Your regular life can get bogged down just as swiftly as your business can. You need space to breathe and focus on your passions. Remove all non-essential tasks from your day. Hire someone to do the tasks you don’t have time to do. The faster your business is up and running, the faster you’ll be able to spend quality time with those you love.
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