One of the most fundamental skills that can not be taught is having Street Smarts and basic common sense. You either have it? Or you don’t. When things don’t go your way, and often they don’t? You must get fired up. And go after your goal. Whatever it takes. Sometimes I get so stressed about my mission not proceeding fast enough I become flustered and begin drifting into territory that feels extremely unnatural. But my common sense comes back to me after I decompress. So let’s get on with today’s lesson. “Never ever allow anyone the satisfaction to impose their will upon you, or never allow them to push you around!”
No NO! If your like me as a Entrepreneur you end up having to do a lot of out reach and contacting people you do not know. And here is a common theme. Crickets.
You don’t hear back nor do they give you any courtesy of returning your message or phone call. What can you do if this happens to you? Well there is a lot you can do. But for todays lesson is about hustling the streets and having common sense. So let’s get on with what todays lesson is all about. Common sense! Here is what you should do that is basically obvious. And weirdly many people surrender and choose not to do this.
Some people have called or labeled me ” mildly and strategically Crazy.” But in all honesty? You have to be if your a successful Entrepreneur. I literally will jump on a Airplane or Hit the Streets of New York City and track down the Influential Business People that I need to get in front of. Look! People are busy or just Distracted. It pays to go show up on their doorstep and say….”Hey! I found ya!” Look I hope it wasn’t a ridiculous idea to come ask you this?”
New York City Hustle | Hitting the Streets
You probably want a story of how I secretly can make everyone who is influential give me attention if the ignore me? Right? Ok. Here is a Tip! Go Knock On Their Door. Ok that may only work for a handful of you. But if you do not have big brass Kohonas? Your probably not cut out to be a Entrepreneur. Sorry. Not Sorry.
Honestly “YES! I do have other options for problems like this. But if you want access to tips like that? You have to schedule an hour coaching time with me and then we work on that problem together. Minimum of 2 hours up front. And if your thinking about my street smarts and common sense? Absolutely”I have other ways. But that won’t be revealed here. Please email me for Coaching. Go ask people who know me if I am worth the cash? I bet they will shock you.
Business Salesmen and Entrepreneurs
If your a Entrepreneur like myself? You only got three options when deciphering or understanding people’s behaviors in business.
If someone say’s No Thank you. That does not mean you get to be a entitled jerk back to them. Be confident and hopeful with your attitude. Be pleasant. But be persistent. I do understand most people do feel uncomfortable when forced to the bargaining table. But its your job to make sure they are comfortable. To the jerks who want you uncomfortable? Make sure they don’t see you sweat.
If you are forced to the Bargaing table. Know you can walk away. You don’t have to agree to anything. I have to make this very clear to all of you’s.
You Have To Be Able To SAY…”NO!” and learn to negotiate.
Never allow anyone to push their will or position on to you! Mark Cuban has given me personal guidance on many occasions and reminded me people are sometimes Jerks. And sometimes they are testing to see if your weak. Try not to take It personally. Stay off Social Media!! Its rigged. Pay someone to promote you. You have better things to do anyways.
If you can not say “No” to people? You will be enslaved or end up doing something you do not want to do. It’s that simple. So the next time someone push’s their opinion or will onto you? You can let them be tyrannical and agree to do whatever they ask. B. You can shut up and be misarable. C. You can let them think they are getting their way. And walk away. Or D. You can negotiate!
Either way you do only have one choice. “What’s best for you.”
Enjoy and I hope you learned something here. It’s not much for today. But at least it’s something.
What is the elusive often misunderstood Trust. Wealth Management Topic
A trust is a contract that gives an individual or an institution—like U.S. Bank, for example—the authority to hold legal title to assets while managing them for the benefit of others. Trusts can help you ensure that your assets are distributed and managed according to your wishes. US BANK Rich Snippet
I would like to introduce you to Trusts and the history and also how they are used in Banking.
In the 12th century and middle ages of English Knights whom were about to go on crusade needed a safe place to keep their wealth and have it benefit someone else “IF” they were captured, tortured and placed into indentured servitude for the rest of their short lives. So wouldn’t make sense to have a place to have all your wealth act like a “Will” in a way? Of course. So they would go to the London Finance Center which is a little Banking Town inside of London the City and its sole purpose in this small finance town is to act as a separate entity to ensure personal Land, Assets, and wealth was taken care of and used in the correct manor under English Law. These stewards in Banking were often bound by law so nothing could ever separate the Beneficiary from the Assets.
The legal owner would hold the land for the benefit of the original owner, and would be compelled to convey it back to him when requested. The Crusader was the “beneficiary” and the acquaintance the “trustee”. The term “use of land” was coined, and in time developed into what we now know as a “trust”.
Click on Image For Wikipedia Page
The Beneficiary is the person who is entitled to the benefits and entitlements of the TRUST. Now with this said. Beneficiary’s do not “OWN” the TRUST. They are the Beneficiary of the Trust. Trustee’s are the legal stewards of the land or Assets. Often times Attorneys have their own Trusts being officers of the courts in United States.
Is a beneficiary an owner of a trust? In legal jargon, trust and will attorneys refer to Trust beneficiaries as the “equitable owners” of the Trust. Beneficiaries will receive money and other assets from the Trust either outright (meaning being paid all at once) or in smaller amounts over time, based on the provisions in the Trust document.
Thanks for reading, we hope you found this useful. Use the links if you would like to know more.
If your a Entrepreneur you better believe you will be under the microscope financially when handling other People’s money. And this is how you stay safe and stay lawful in the process.
First you need to understand my tone when I am writing this Post. It’s serious fucking business. Admittedly I am known for not being a push over and being a little edgy at times. But someone must demand excellence from others. The Military was responsible for beating this into me. So if your sensibilities are chapped or offended? Maybe you should not read this article. And this article is NOT LEGAL ADVICE.
Many entrepreneurs do not stop to consider how their ignorance, and inflated ego is causing their own limited growth or certain failures. If you are pandering to the general public for social media likes. You are not fooling anyone. As a matter of fact you are alienating real business opportunities and real qualified investor opportunities.
Real business people in your community are always watching your every move. They know a fucking Fraud from a real struggling take no prisoners entrepreneur. There’s wealthy individuals, Investment Partners, and finance professionals in your community who are incredibly sophisticated financially. They know a real authentic Entrepreneur from a social media fraud.
Live by this advice. Be authentic, be incredibly generous and politely carry yourself with absolute class. Watch your movements and how you do business. Have some pride and help your community.
If your in the column of qualified or Accredited Investor from the SEC? And you would like to share your informed opinion with me how I am right or wrong in this Post? Im positive I would be open to it. Please Email me. 🙂
And if you have read previous posts from my Blog? It can not be stressed enough. How important recruiting a successful community leader and Mentor is! It’s so important you will be doing yourself a disservice if you do not recruit a mentor in your community.
Still most Entrepreneurs do not know what they are doing. So If you do not know what your doing? Recruit professionals who do know what they are doing. This post is meant to keep your professional reputation intact. And keep you safe from criminal investigations that may end with you locked up in a jail cell and labeled a fraud in the local Newspaper.
What you should not be doing?
The Following suggestion of mine, is what you should NOT be doing if your a Entrepreneur who is seeking fundraising for your new startup. If you want to be successful? The following strict bullet points are suggestions you should take to heart.
A. You should not be approaching wealthy community members with a idea that has no proof of concept.
B. You should not be selling yourself with the next FACEBOOK idea to the wealthy in your community.
C. You should not be accepting any checks or money from anyone in the community without a team of pro’s.
Under “NO CIRCUMSTANCES” do you ever fundraise in your community alone with just an idea. This will always end badly and if you ask me? Is tantamount to criminal fraud in the highest degree. You have no business taking money from anyone and managing funds in a business checking account if your a new fresh entrepreneur. Are we on the same page? GOOD!
If you are not humble and not reliant on Business Professionals? It’s likely you will end up on American Greed as a failed Entrepreneur and Criminal. So do everyone a favor. And do things the right way. And for “God’s Sakes…Don’t be a Instagram Playboy. That Screams Your A Fraud and Criminal. Your Welcome.”
What steps should you be taking as a Entrepreneur?
You should be interviewing Professionals in your community for the right “fit”!
Before we can advance, I need to drive home the importance of this step. This will provide you a few professionals you will need to recruit if you are starting a business. This formula will not fail you and using this formula will keep you safe legally. It will absolutely boost your community presence as someone to take seriously and will begin to create a positive buzz about your business venture. So please take my advice and use it. It pays massively overtime and will begin to make you a trusted community voice and leader.
The reason I lay this out here is because..Many people in your community will dismiss you as someone to take seriously. In todays environment of Bull Shit Social Media Posts and Online Con-Men and Con Women? If your not squared away with a team of Professionals. People will gossip about you. And will privately call you a Fraud and speak poorly about you. Until proven otherwise.
This post is meant to give you the Entrepreneur real direction on how to fundraise and become a success. Their are literally so many criminals and frauds in the business entrepreneur environment and on social media. You will likely be judged as just another “CON MAN OR WOMAN” until people can clearly see your helping your community with a team of professionals in tow. So beware.
Recruit a Business Attorney
First step in your business entrepreneurship career is to interview and recruit general advisory legal counsel. Having a Business Attorney close to you will ensure two things. You stay out of legal hot water, and you will have an established advisor help you negotiate decisions in business. This alone will negate most of the problems you face in business. My personal Attorney is a Bad Ass. We have worked on a Inner City Mayoral Political Campaign in the past. He is Corporate Counsel and always available when I need him. And honestly speaking? Also available as a Team Mate when I visit and am invited to high class Cocktail Business Receptions with our City’s elite.
The benefits are 100% GOLD! Your counsel’s advice will help you along the journey. Keeping you safe from making stupid mistakes. And when it’s time to start accepting checks form Investors? He will know how to create Legal Documents to keep you safe from legal action or worse. Criminal Investigations.
Difficulty of this process?
Look everything has a downside. I am not saying call up your local Big Law Firm and try to recruit a $900 an hour corporate attorney you don’t already have a relationship with? Not what I am saying! Find a small Business Attorney in your City someone you already know who is a trusted Business Attorney or Someone you trust to introduce you to a Attorney. Telephone the Attorney and go to lunch. Be prepared and ask relevant questions. Look for the right fit for you. And establish a trust based Relationship moving forward. It’s too easy for you inexperienced name to be dragged through the MUDD by not having the right professionals around you. Capesche? Good!
Small Trusted Local Accounting Firm
Ok let’s say you have began your Entrepreneurial mission, you have been preparing the community for fundraising. Your next step is to begin searching and visiting small local “TRUSTED COMPETENT” Accounting Firms. Having a small trusted and competent accounting firm to handle all financial aspects of bookkeeping and payments is extremely vital and a cornerstone to your success as a Entrepreneur. If you will be handling any money from Investors? Your small accounting firm and your local general counsel need to be working with you and together. If you accept a investor check from anyone you need these 2 people at that table. Or at the bare minimum involved. A. Your General Counsel and Attorney and B. Your Local Competent and Trusted Accountants. I would also have the meeting at the Office of your Attorney or Accountant. This is my advice.
This will prevent you from having any problems moving forward. But if you want to play it safe and keep your reputation from being dragged through the mud? You must take this advice and use it. And for the record you should already have a business plan on the table before you accept a check from any investor. It’s just good business. Many entrepreneurs who do go the start up route? Do not understand that it’s foolhardy to sell a start up idea with no numbers or no proof of concept. If I were you? Don’t ever sell a Start up idea with just a piece of paper and a idea. Never approach investors with just a piece of paper and a idea.
YOU NEVER HANDLE FUNDS ALONE
Let’s say for instance your Business is on it’s way to being a start up. Since your startup business is it’s “OWN ENTITY”. The role of the Controllers? Controllers are the people inside the business with authority to approve or deny spending of funds for your business entity. You will need A. A Controller who’s integrity is professionally sound and someone that has previous experience. And B. You should in good conscience stay away from handling funds alone. Always have another signature and confirmation for spending funds or approvals. To play it safe? You should have at least 3 individuals who are responsible for the spending or denial of dispersing funds. And at any time 2 of these individuals should give permission for the business to spend any amounts of money over say….$500 dollars. This keeps you safe as a entrepreneur and will keep you legally out of trouble.
I would choose 2 Accountants as fellow Controllers of the Business checking account. This is the safe route. And will ensure your business is safe at the end of the day. I can not stress enough how important accountants are to your business. Because you will need to pay your Employees and need to file “TAXES”. So they are extremely important to your startup business.
Here is another reason I suggest having a trusted local Accounting Firm as partners in business? They will invite you to spend time with other Business owners. This begins to establish your trusted name in the business community. And if you ever need a referral to another business professional in your community? They are there to help.
In conclusion you likely are beginning to see how important it is to have professionals in your business career. If your going to be handling other peoples money in Business and as a Entrepreneur? It is mandatory you use this post as a rough blue print and direction you need to take to A. Stay Safe Legally from Criminal Probes, and B. Building your Professional Reputation as someone Trustworthy in your business community. Because all things considered to many Entrepreneurs I meet “HAVE NO CLUE HOW TO RUN A BUSINESS” or are “Financially Illiterate”. This will help start you on the right track and begin to help you move in the right direction as you stumble along as a Entrepreneur.
