Economic Options seminar

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Economic Options seminar

  1. 1. ECONOMIC OPTIONS SEMINAR A special presentation by Talentelle , the company for successful women. January 24, 2007
  2. 2. INTRODUCTION <ul><li>The Economic Options (EO) seminar was developed by Peter Nguyen, business intellectual/coach and CEO of Talentelle.com, the company for successful women. Peter is also editor/publisher of the popular blogzine Real-time Success Secrets ( www.realtimesuccesssecrets.blogspot.com ) and creator of the BMW workshop ( www.businessmodelworkout.blogspot.com ) taught in 3 business schools. </li></ul><ul><li>For more information on products and services available (deliverable over Internet), please contact Peter at [email_address] </li></ul><ul><li>Enjoy the presentation! </li></ul>
  3. 3. AGENDA <ul><li>Introduction </li></ul><ul><li>Why we are here </li></ul><ul><li>What are economic options </li></ul><ul><li>Robert Kiyosaki </li></ul><ul><li>The E/O dilemma </li></ul><ul><li>Four quadrants, two options </li></ul><ul><li>Rules, risks and rewards </li></ul><ul><li>Questions & Answers </li></ul>
  4. 4. Introduction <ul><li>Purpose of the workshop: </li></ul><ul><ul><li>Description and explaining of the Economic Options so you can make the best choice for yourself </li></ul></ul><ul><ul><li>The overwhelming majority of mankind has been DENIED this choice, and their premature (in their early 20s) lifetime commitment to one economic model has proven to be sub-optimal. As a result, many people are either cash-poor or time-poor, or experience BOTH kinds of poverty. </li></ul></ul>
  5. 5. * Why we are here <ul><li>Copernicus is wrong! The World is Flat! </li></ul><ul><li>Nobody’s job is safe (D.O.A.) </li></ul><ul><li>Your future is uncertain </li></ul><ul><li>Yet there is hope: </li></ul><ul><ul><li>Time magazine: YOU (the information user) are the person of the year </li></ul></ul><ul><ul><ul><li>People are empowered by technology </li></ul></ul></ul><ul><ul><ul><li>Companies are built around people’s talent </li></ul></ul></ul><ul><li>Best time to re-evaluate our choices, especially economic choices </li></ul><ul><li>Note: your current economic option might be the best, or it might not </li></ul>
  6. 6. * Your options before today and after <ul><li>See poster on Decision Box </li></ul><ul><ul><li>showing premature commitment to the Employee option, when three other options are NOW available </li></ul></ul><ul><ul><li>Message: Most of us have made the most important decision of our lives rather QUICKLY and WITHOUT MUCH STRATEGIC THINKING </li></ul></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  7. 7. * What are economic options? <ul><li>“ Economic option” means </li></ul><ul><ul><li>A way of creating value </li></ul></ul><ul><ul><li>As a result, you generate income (which is paid by the people who receive your value) </li></ul></ul><ul><li>“ Economic value” vs “financial value” </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  8. 8. * What are economic options? <ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>Wealth creation requires BOTH economic value and financial value </li></ul><ul><li>Economic value focuses on ******* </li></ul><ul><li>Financial value focuses on ******* </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  9. 9. * What are economic options? <ul><li>There are four ways to become useful (of service) to people: </li></ul><ul><ul><li>Work as an Employee </li></ul></ul><ul><ul><li>Work as a Free agent </li></ul></ul><ul><ul><li>Work as a Business owner </li></ul></ul><ul><ul><li>Work as an Investor </li></ul></ul>
  10. 10. Four basic economic options <ul><li>Employee: seeks security </li></ul><ul><li>Free agent: “Do it yourself!” </li></ul><ul><li>Business owner: recruits the best team </li></ul><ul><li>Investor: finds the best return on investment </li></ul>
  11. 11. * The secret multilevel diagram <ul><li>See poster showing 4 quadrants, with Business owner quadrant higher than Employee and Free agent, but lower than Investor quadrant </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  12. 12. * E/O dilemma <ul><li>In this workshop, we have simplified the cashflow quadrant into a basic dilemma: </li></ul><ul><ul><li>Should I work as Employee ? </li></ul></ul><ul><ul><li>Or should I work as Owner of a business? </li></ul></ul><ul><li>This is the E/O dilemma </li></ul><ul><li>One is not better than the other. It depends on your situation, skills, capabilities and what you wish to achieve in life. </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  13. 13. How to decide? <ul><li>Get real </li></ul><ul><ul><li>about the facts, the rules and the game </li></ul></ul><ul><li>Get smart </li></ul><ul><ul><li>about HOW to play the game and win </li></ul></ul><ul><li>Get going </li></ul><ul><ul><li>create a system that will support yourself and sustain your momentum </li></ul></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  14. 14. Get real <ul><li>“ It is according to the shapes that I lay plans for victory. The multitude does not understand this.” – Sun Tzu, Chinese military strategist </li></ul><ul><li>What is the competitive environment for the Career Game? (intra-organizational) </li></ul><ul><li>What is the competitive environment for the Business Game? (intra-industrial) </li></ul><ul><li>See Chess Diagram </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  15. 15. Get smart <ul><li>Learn and master the career game </li></ul><ul><ul><li>Ideal Career Framework </li></ul></ul><ul><li>Learn and master the business game </li></ul><ul><ul><li>BMW workshop and methodology </li></ul></ul>
  16. 16. Get going <ul><li>Don’t work so hard! </li></ul><ul><li>Get a S.Y.S.T.E.M. to work for you! </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul>
  17. 17. * Get going <ul><li>Examples of perfectly automatic systems: </li></ul><ul><ul><li>Yahoo! (multibillion-dollar market capitalization) </li></ul></ul><ul><ul><li>Google </li></ul></ul><ul><ul><li>Hotmail </li></ul></ul><ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul></ul><ul><ul><li>YouTube (sold to Google for 1.65 billion dollars, or $1,650,000,000) </li></ul></ul>
  18. 18. Rules, risks and rewards <ul><li>In every game, there are rules, risks and rewards </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>KNOW the risks </li></ul><ul><li>KNOW the rewards </li></ul><ul><li>Have you ever wondered why lawyers make so much money? </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  19. 19. Employee quadrant <ul><li>Rule 1: *** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>Outcome quality vs outcome quantity </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  20. 20. Employee quadrant <ul><li>Rule 2: Talent is the name of the game </li></ul><ul><li>No talent  no job  no career! </li></ul><ul><li>Ideal Career Framework: </li></ul><ul><ul><li>Passion </li></ul></ul><ul><ul><li>Talent </li></ul></ul><ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul></ul><ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul></ul><ul><ul><li>… Four powerful pillars which are the foundation of every GREAT career </li></ul></ul>
  21. 21. Business owner quadrant <ul><li>Rule 1: Recruit the best team </li></ul><ul><li>Rule 2: Create the best product </li></ul><ul><li>Rule 3: Target the right market </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  22. 22. * Comparison of risks <ul><li>Employee game : Risk lies in being at the wrong place at the wrong time (see Chess diagram) </li></ul><ul><li>Business game : Risk lies in putting your money at the wrong place at the wrong time (see Chess diagram) </li></ul><ul><li>The best way to manage risks is to KNOW reality (the facts), and then to base decisions strictly on facts . </li></ul><ul><li>Since complete knowledge of all the facts is not possible, use the LEARN/COMMIT method </li></ul><ul><ul><li>If you know little, commit or invest little </li></ul></ul><ul><ul><li>If you know a lot, commit or invest a lot </li></ul></ul><ul><ul><li>The important thing is to have a fact-finding system so that as you increase your knowledge, you can increase or decrease your level of commitment/investment. </li></ul></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  23. 23. * Comparison of risks <ul><li>Employee game: Small risk/reward has become MODERATE risk/reward (SuccessFactors.com) </li></ul><ul><li>Business game: </li></ul><ul><ul><li>If startup  High risk/reward </li></ul></ul><ul><ul><ul><li>Proven product, established market (e.g. hair salon) </li></ul></ul></ul><ul><ul><ul><li>Unproven product, established market (e.g. electric razor for women’s legs) </li></ul></ul></ul><ul><ul><ul><li>Proven product, new market (StarBucks expanding into China) </li></ul></ul></ul><ul><ul><ul><li>Unproven product, new market (highest risk!) </li></ul></ul></ul><ul><ul><li>If proven business system  Moderate risk/reward (franchising, network marketing, etc.) </li></ul></ul>
  24. 24. Conclusions <ul><li>Today, we’ve described your true economic options, which did not exist several years ago because of a lack of: </li></ul><ul><ul><li>Technology (YouTube, Slideshare, Gcast, etc.) </li></ul></ul><ul><ul><li>Information (via Google, Amazon, etc.) </li></ul></ul><ul><ul><li>Connection to people (via Linkedin – now has over 9 million users, most of whom are corporate employees and managers, entrepreneurs investors) </li></ul></ul>
  25. 25. Conclusions <ul><li>We got “real” about the two basic options: </li></ul><ul><ul><li>Employee or Business owner </li></ul></ul><ul><li>Next step: we have to get smart about playing either </li></ul><ul><ul><li>The career game </li></ul></ul><ul><ul><li>Or the business game </li></ul></ul>
  26. 26. Questions & Answers <ul><li>Where are you now? </li></ul><ul><li>Where do you want to be? </li></ul><ul><li>How do you plan on getting there? </li></ul><ul><li>Who has to do what? </li></ul><ul><li>How are you progressing or moving forward? </li></ul><ul><li>Key to success: </li></ul><ul><ul><li>1. Decide WHAT it is that you want, and clearly describe it in every single detail </li></ul></ul><ul><ul><li>2. Know the PRICE you have to pay, and pay it </li></ul></ul>
  27. 27. Questions & Answers <ul><li>Note : Since it takes a while to absorb this information, please feel free to email us your questions and we will gladly answer them: [email_address] This email consulting service is free for 30 days after the workshop date. Thank you and to your success! </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  28. 28. * BONUS materials <ul><li>Economic leverage secrets: see diagram </li></ul><ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul></ul><ul><li>ICF preview: the Secret Diamond within every human being (by Zoonie) </li></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  29. 29. * BONUS materials <ul><li>BMW preview: </li></ul><ul><ul><li>Wealth is something you attract by… </li></ul></ul><ul><ul><li>*** MATERIAL RESERVED FOR WORKSHOP </li></ul></ul><ul><ul><li>Without a clear, simple and rational system, you CANNOT see your performance, therefore CANNOT improve </li></ul></ul><ul><ul><li>Your income will grow only if YOU grow! </li></ul></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com
  30. 30. * BONUS materials <ul><li>S.E.C.R.E.T.S. </li></ul><ul><ul><li>Sense of purpose (“A ship without a rudder, goes nowhere.”) </li></ul></ul><ul><ul><li>Effort (no action, no results) </li></ul></ul><ul><ul><li>Contribution (help other people improve their lives; create happiness) </li></ul></ul><ul><ul><li>Responsibility (“If it’s to be, it’s up to me.”) </li></ul></ul><ul><ul><li>Excellence (Only the best get paid the best) </li></ul></ul><ul><ul><li>Time (“He is not born for glory who doesn’t know the value of time”) </li></ul></ul><ul><ul><li>Self-development (“The purpose of life is the full development of our human potential”) </li></ul></ul>Copyright Peter Nguyen, 2006-2007. All rights reserved. Talentelle.com

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