There isn’t a more important time in the world for entrepreneurs to assemble. With a recent study about stress showing over half of the people lose sleep over money, there’s perhaps no greater need to learn wealth habits and financial literacy from successful entrepreneurs. That is what will be taught at ‘The Weekend of the Entrepreneurs.’ ‘The LIFE Company’ will be holding this very special and unique event in Kansas City, on April 21st, 22nd, and 23rd. Wealth habits comes from wealth thinking. It’s the idea that your financial condition is a matter of wisdom (knowledge applied). As a person’s physical fitness comes about from the proper diet and exercise, the concept of ‘Financial Fitness’ came about after ‘The LIFE Company’s’ founders wanted to share the wealth habits that they used in their business practices. Top leadership expert, Orrin Woodward writes in the ‘Completely Revised and Updated version of 'The Financial Matrix,’ “Meanwhile, LIFE developed a turnkey marketing system to help people build a business asset by sharing the ‘Financial Fitness Pack’ information with others. We thought: Why not create a business asset that helps people learn financial literacy and reward people for modeling financial literacy and sharing the message of financial literacy with others.”
At ‘The Weekend of the Entrepreneurs,’ you’ll learn why entrepreneurs are closely aligned with leadership. The entrepreneurial idea is a phenomena of the western world. The entrepreneurial idea as with leadership is something that can be created that has value for others. Renowned management expert Peter Drucker writes in his book, ‘Innovation and Entrepreneurship’, “Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.” You can see how entrepreneurship and leadership run parallel as ideas require a vision of how to create a desired outcome. It supplies a product or service that is needed but not readily available. The most effective way to spread an entrepreneurial idea is through a process of delivery. Another way of describing a process is used in franchises and is called, ‘Turn – Key’. You can see the same process being used in everything from a McDonalds fast food chain to the assembly line at a Ford Motor plant. The systematic process used in ‘The LIFE Company’ specifically targets growing leadership communities where wealth thinking is taught. The process is called, ‘Team Approach.’ Processes and systems utilized in business ideas are not new. George Washington writes, “System to all things is the soul of business. To deliberate maturely and execute promptly is the way to conduct it to advantage.” Additionally, the leadership quality of character is essential to successful entrepreneurs. Peter Drucker writes, “Innovation becomes hard, focused, purposeful work making very great demands on diligence, on persistence, and on commitment. If these are lacking, no amount of talent, ingenuity, or knowledge will avail.”
At ‘The Weekend of the Entrepreneurs’ you’ll learn why entrepreneurial ideas are needed. Outside of a cure for cancer, there may be no better idea than a process that spreads the idea of wealth thinking. The results of wealth thinking not only effects each of us, but can be responsible to alleviate suffering caused from the effects of poor wealth habits and even poverty. Even the cure for cancer can be facilitated by funding research. Most of us could solve some type of problem in our lives by getting out of debt, making more money, and taking advantage of tax deductions. The passions that come from fulfilling our life’s purpose can be reignited when we gain autonomy from applying wealth habits.
'The Weekend of the Entrepreneurs’ will show that entrepreneurs are not a lost art, but remain at the heart of a free society. An entrepreneur is the example of testing your ideas in the face of risk for reward. An Entrepreneur takes advantage of trends and technology. Unfortunately, new business start - ups are down overall as most people are not willing to take the financial risks that brick and mortar ventures require. However, in a world of dwindling business start - ups, home based business start - ups are actually increasing at around 63% - 64%. The home based industry takes advantage of demographics in two ways. The first is obviously the use of technology to run a business within the confines of a home. In addition to convenience, it also makes possible for tax advantages. Another advantage is the limitless geographic reach technology provides, being able to connect the entrepreneurial idea globally. Another way of taking advantage of the home based business industry is the ability to recover from mistakes without taking devastating business losses. The ability to own one’s business has always been the vehicle to achieve one’s dreams, the very foundation of freedom. Business ownership is essential to the preservation of free enterprise. Professor of history at the University of Rhode Island, Maury Klein writes, “Technology drives the quickened pace of modern life, and new generations of entrepreneurs drive the development and the deployment of new technologies.” One of the most powerful books about ‘Wealth Habits’ comes from Warren T. Brookes in his book, ‘The Economy in Mind,’ “The potential danger of the high – technology boom is that the real capital for these industries is not in factories and machines but in creative and inventive people and their ideas; not in money but in mind wealth.”
At ‘The Weekend of the Entrepreneurs,’ you’ll learn that the more successful the entrepreneur, the more significant the problem they solve. One of the greatest economists, Ludwig von Mises describes what motivates human action by saying that people act to relieve a perceived discomfort. Outside of failing health there is now no more widespread cause for discomfort and suffering that the lack of knowledge about wealth. Unfortunately, we’ve seen a trend toward spreading the lie that wealth can be redistributed. Warren T. Brookes writes, “The attempt to redistribute wealth by redistributing money through the progressive tax tables only winds up keeping the poor poor, the rich rich, and the middle class struggling even harder to keep up with taxflation.” We see a direct antithesis between the entrepreneur and ‘The State’s’ central planning trying to spread the wealth. Giving something away requires taking it from someone else first. How could a few central planners try to substitute their ideas from the collective widespread intellectual capital of the many who have time tested their ideas from the trials and errors? Ludwig von Mises writes, “The interventionists, on the contrary, believe government has the power to improve the masses standard of living partly at the expense of the capitalists and entrepreneurs, partly at no expense at all. They recommend the restriction of profits and the equalization of incomes and fortunes by confiscatory taxation, the lowering of the rate of interest by an easy money policy (see Federal Reserve Board) and credit expansion, and raising the workers’ standard of living by enforcement of minimum wage rates. They advocate lavish government spending.” As a results of this plan, I believe Orrin Woodward best describes the effect of the central planners and bankers in his ‘Completely Revised and Updated, ‘The Financial Matrix.’ In that book he describes a clear problem for entrepreneurs to solve, and soon! “According to GoBankingRates, an organization that tracks interest and banking rates, in 2014, the average American was more than $225,000 in debt, and almost half of US households had less than $500 in savings… approximately $1,500 per month (nearly a third of an average household’s income); the amount an average family must pay just to service debt… according to IRS data, the median household income for 2013 was $51, 939… According to the 2014 IRS data, the average American made just $33,048.” If physical fitness describes one’s health and financial fitness describes one’s financial health, then this data describes a very ill patient in need of a plan to restore their health.
'The Weekend of the Entrepreneurs’ is about a leadership community coming together to share ideas about the wealth habits that have not been passed along to its people and its future generations. We are finding out that our financial health is failing. It’s about learning that we should not be tools used by money. It’s learning that money is a tool that should be mastered by the user. ‘The Weekend of the Entrepreneurs’ is about a leadership community that cares, shares, and serves others because it’s the right thing to do. Make the decision to join us at ‘The Weekend of the Entrepreneurs,’ and experience the difference that the LIFE Company is making. God Bless, George Guzzardo