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 is a very passionate person. She has a passion for teaching, money, people, sports, wine, play, dinner parties, and fun. Everything around her is her passion. Loral grew up on a farm in Nebraska where it wasn’t polite to ask for money. Today, she teaches other people how to ask for money, though, and some of them become millionaires.
Loral believes that anything worth doing is worth turning into a business. So many people today do things for others and ask nothing in return. People have hobbies that they never share. Do you enjoy running errands? Why not get paid to run errands for people who are disabled or too busy? Do you enjoy scrapbooking? Why not get paid to scrapbook for others?
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.
Those aerobics classes led to an extremely profitable business. Chevron handed Loral a multi-million dollar contract to bring her business to offshore oil rigs. No one can handle over 200 fitness centers alone, so she was able to grow her business exponentially in a very short amount of time.
Loral Langemeier’s motto might sound something like, “Strengthen Your Strengths. Hire Your Weaknesses.” All that really means is, “don’t waste your time.” You’ll never build a business if you’re in your basement trying to figure out how to build a spreadsheet. You have to hit the ground running, and that means you can’t get bogged down with things you don’t already know how to do well.
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.
Not getting bogged down in the details doesn’t only apply to your business. It also applies to your life. People are into so many little things these days that they don’t have time to breathe. Cut out the things that aren’t essential or that can be handled by someone else. Focus on your business so that you can get out of the rat race to free up time with your family.
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