You hear all the time right now about unemployment.  People are going through layoffs, downsizings and rightsizings as companies seek to find a way through the current economy, or give up entirely and close their doors.

On the other hand, if you travel in small business / entrepreneurial circles, you hear people talk about being unemployable.  I’m not talking about people who have no skills and no ambition.  These are bright people with a lot of skills.  So why are they unemployable?

Because they choose to be.  They are of the mindset that they cannot be employed by another person because they have chosen to set their own course, take responsibility for their own results, and not allow any external agency to set limits on what they can accomplish.

I first heard this term in August 2008 at one of Loral Langemeier’s Cash Machine Workshops.  If you have never heard of Loral before I suggest you take a look at what she teaches.  She has come to be known as The Millionaire Maker and her best selling books are published under that title.  One of the things she teaches is that everyone should build a Cash Machine, a way to quickly make money with skills you already have.  Once you do that and have money coming in based solely on your own efforts and ideas you will understand what it means to be unemployable.

So, what are you going to do?

Wayne Woodworth
I’m becoming unemployable too.

How much money do you want to make this year?  Do you know how you are going to do it?

My wife and I spent some more time with Live Out Loud for training on their affiliate program (which pays very well if you are looking for a cash machine).  One of the things we came away with is Loral’s process for revenue modeling.  It is a very simple process because you want to quickly figure out what you need to do to meet your goals then get busy doing those things.

First, write down how much money you want to make in the next however many days.  Then figure out how much of your product or service you need to sell to reach that number.  Next figure out what you are going to do to make those sales.  And the last step is go do it.

For example, let’s say I want to take home $2000 in the next 30 days.  My profit for selling Nikken product is 20% if I sell it at the full retail price so my sales goal is $10,000.  Now I have to figure out what products I think I can sell this much to reach $10,000.  It turns out that all I have to do is set up 3 families with the basics of a wellness home (if you curious, that is a magnetic sleep system, air and water filtration, magnetic insoles, and a few other small items).

Pretty easy, right?  The benefits of spending a few minutes doing this planning are huge, especially considering the amount of time it takes because now you know exactly what you need to do to reach your income goals.  You know where you need to devote your time so that you are not as easily distracted  by other things.

If you don’t have a way to make money outside of a fixed paycheck, see my cash machine post then leave me a comment.  I would be happy to discuss ideas with you as well as share a few of the things that I am doing.

If you want to learn more about how to write you plan, check out the Building, Leading, Protecting Your Business audio program or attend on of her live Cash Machine Workshops.

So there you have it.  Go plan then get busy.

Wayne Woodworth
Network Marketer
Affiliate Marketer
Planning to be wealthy

Do you have an MBA? I don’t mean a Masters degree in business. I mean, do you have a Massive Bank Account? I heard the term most recently from Loral Langemeier who created the Cash Machine concept that I talked about last time. You could say that you get an MBA by majoring in your cash machine.

You need to have a massive bank account for several reasons. The most obvious reason right now is the economy. Gas prices have come down in the past couple months but it looks more likely that they will go up in the long term. Rising gas prices coincide with higher heating costs for your home because they are both based on oil, either directly or indirectly depending on whether you heat with gas or electricity. Higher has prices also translate into higher prices for goods that you purchase because the companies have to cover their transportation costs. Having a lot of money allows you to absorb these rising costs without having to significantly change your lifestyle.

Another aspect of the current economy is rising unemployment. Hopefully you will never have to experience being laid off from a job. If you did have to experience it though, a massive bank account can make it a whole lot less stressful. Having enough money saved up to cover your expenses for several months gives you the luxury of either taking the time to find the right job or to really take control of your finances and create your own business.

The last reason for why you need to be rich is for your own personal growth. Wallace Wattles says it best in his classic book The Science of Getting Rich published back around 1910.

Whatever may be said in praise of poverty, the fact remains that it is not possible to live a really complete or successful life unless one is rich. No man can rise to his greatest possible height in talent or soul development unless he has plenty of money; for to unfold the soul and to develop talent he must have many things to use, and he cannot have these things unless he has money to buy them with.

A man develops in mind, soul, and body by making use of things, and society is so organized that man must have money in order to become the possessor of things; therefore, the basis of all advancement for man must be the science of getting rich.

So, do you have an MBA? To summarize, you need a Massive Bank Account to help you ride out the ups and downs in our economy, to protect your family financially, and to have the tools to grow as a person. What are you going to do to create your riches?

I spent 3 days last weekend at Loral Langemeier’s Cash Machine Workshop and it was the best seminar/workshop that I have ever attended. The days averaged 12 hours long but flew by.  I never even  once checked to see what time it was during the weekend except to make sure I returned from the breaks on time.

I learned of Loral from the movie The Secret where she appeared as a financial strategist.  During the seminar she said that she was taped for 5 hours for The Secret and only a few minutes of it was actually used in the movie.  We found her Millionaire Maker books and started reading her material. Her company is Live Out Loud and her tagline is “The Millionaire Maker”, hence the title of her books, The Millionaire Maker, The Millionaire Maker’s Guide to Wealth Cycle Investing and The Millionaire Maker’s Guide to Creating a Cash Machine for Life.

Loral teaches you to start creating money by using your fastest path to cash.  That is the idea behind a Cash Machine and the point of the Cash Machine Workshop.  You take skills that you already have and create a business around them.  To start off it doesn’t matter if it is something that you like to do or not.  You can do what you want to do later.  For now you focus on making money doing what you know how to do. Once the cash is coming in then you can learn new skills to do the things you want to do and build a new Cash  Machine.

She puts a lot of emphasis on building a team too.  You cannot keep your focus on what you need to do if you are spending all of your time on more mundane tasks like cooking and cleaning, unless those are things you like to do, in which case you might consider them as a basis for your Cash Machine.  In your new business you also want to dole out the more mundane or specialized tasks like making phone calls, bookkeeping, or tax preparation so that you can focus on growing your business.  You Cash Machine needs to be in an entity, like an LLC or a corporation so that you can get the full tax and limited liability benefits.  You will probably need to find an expert to create your entity.

We were expected to make money while at the seminar.  The first day was about what a Cash Machine is and anyone who didn’t already have one was supposed to figure out what theirs was by the end of the day.  Once we knew what our Cash Machines were we had to figure out what we wanted to sell during the Market Place on the third day.  The rest of the seminar was dedicated to building the Cash Machine through marketing to generate sales, joint ventures, and referrals.  An hour and a half of the third day was for the Market Place where we were to practice and refine our pitch and sell our product to the rest of the room.

For us, we went in knowing what our Cash Machine is.  We split it up so that Michelle sold 5 minute massages for $5 and I sold Nikken’s magnetic insoles for $60.  Loral told us that if we knew what we were selling we should start selling immediately.  Some people made money during the first break on the first day.  We took in our massage chair on the second day and got started making money.  Michelle worked during breakfast and lunch doing 5 minute massages while I talked to people about sore feet.  She never got a break only got to eat during the dinner break.  It went pretty well for both of us as we deposited better than $500 in the bank once we got home.  One person at the seminar said he made $6000.  That’s pretty darn cool.

She offered Cash Machines in a vendor expo area for anyone that had trouble coming up with one on their own.  One of them was a facilitator program for her Millionaire Maker board game.  We have a copy of the game and have played it several times just the two of us.  On Saturday night at the seminar we got to play the game in groups of six, which was a whole different experience.  On one hand it was a little disappointing because I was the only one at my table who had played before so it went pretty slow as everyone else figured out how to play.  On the other hand I saw how fun it can be when I get the opportunity to play with a group of people that know how to play.

As a facilitator for the game we will be able to hold our own game nights and invite others in our area to come play.  If anyone likes the game and buys a copy we can make up to 50% commission on the sale.  They also will teach us how to sell the rest of her programs and events, and that training will care over on how to sell our products effectively.

If you see the value of a Cash Machine and would like to take a look at mine then see my Nikken network marketing opportunity.