entrepreneurs and then you

January 3, 2011

I was reminded of these facts by Craig Larson.

Apparently Thomas Stanley and William Danko wrote a book entitled: The Millionaire Next Door … The Surprising Secrets of America’s Wealthy. You should read it in order to understand a special breed of business person you are likely not. Do it!

In researching the book and then unleashing it upon the public’s senses, they (the authors, not to be confused, necessarily with that, otherwise, insidious and collective “they”) produced a portrait of who America’s millionaires are, and show that, by and large, these are quiet, understated, self-reliant Americans who are committed to hard work, education, and family.

The portrait shows that eighty percent (80%) of our millionaires are first generation affluent. To be clear, this means that less than half received no inheritance, and only nineteen percent (19%) get any income from a trust fund or estate.

Most Americans … In this case, defined at eighty percent (80%), are not self-employed. And, of those that are, two thirds are our nations millionaires. Think “Daddy Warbucks” (to whom I can often relate – but, you don’t know as much about as you thought you did until now – which also part of my point with this blog post).

Meanwhile, Seventy five percent (75%) of these self-employed millionaires are “entrepreneurs”, and the remaining quarter are self-employed professionals like doctors and accounts.

Sure, we have high profile billionaires in America, however most of our millionaires are the nation’s bread and butter entrepreneurs and small business owners with annual incomes averaging two hundred and fifty thousand dollars ($250,000) annually.

These are overwhelmingly self-made individuals, by-and- large founders and proprietors of prosaic businesses that might include: welding contractors, auctioneers, rice farmers, owners of mobile-home parks, pest controllers, coin and stamp dealers, paving contractors, etc.

For additional points of reference consider an other post of mine: Entrepreneurs, Intrapreneurs, and them Corporate Fellas.

Let’s be part of the Solution.

Brian Patrick Cork

income

December 20, 2010

“They” say that your income is the average of the five people that you spend the most time with (outside of your family).

This helps make my Grandad’s point when he often said: “If you must judge a man, do it by those around him”.

The thinking around this post is not driven by statistics. And, this is some what unusual for me. I’ll typically make my point with hard data to support them – all of them.

However, here, I’m making a statement that I believe is true. This belief is driven by instinct. And, I trust my instincts. I will be investigating my theory. But, in the meantime, your own gut will follow my position.

This may not make you part of the solution. But, it’s a start. A big part of our job should be making money. It’s okay to do that. Really. I’ll write you a note.

Brian Patrick Cork

Happiness Audits

December 13, 2010

Do a happiness audit.   Write down a list of all the things that you do during the course of a week and put them in categories according to the level of Joy they cause in your life.

That, I suspect (well, actually know), will make you part of the solution.

Brian Patrick Cork

This isn’t new. But, reminders are always vital – just like repetition is critical for improved performance in both business and athletic efforts.

A key coaching tenant of mine is that everyone (including myself) should have a minimum of a three year plan. Five years is better because it requires stretching and having a sense of emerging trends. This is more vitally important, today, than any other time in global business.

Let’s be part of the solution.

Brian Patrick Cork

meaningful vision

July 26, 2010

I have the coolest job (it’s actually a calling) in the world.

I hang out all day with my friends helping them make better decisions.

I hear a lot of fantasy, dreams and visions.

And, there is a vital difference. And, it’s a simple differentiator…

You can pull-off a vision.

It’s just that more people will dream while others can act on the vision.

Lets be part of the solution.

Brian Patrick Cork

I had a coaching client (you have probably read his book) tell me last year that the thing he admired most about me is that I’m “contiguous”. This means there is a consistent thread in-and-amongst what I do. Professionally it’s tying people, opportunity and resources together.

I genuinely feel that might be one of the best compliments I’ve ever received.

For everyone out there I’ll hold that you need to establish thought leadership and be a subject matter expert on, or around, something. So… Ponder emerging trends against your skills and passion.

Let’s be part of the solution, and not the problem.

Brian Patrick Cork

this Always works

July 5, 2010

Regardless of what Obama or Congress can’t do, there is always opportunity for a good business model.

The bad models, poor business practices and bad leaders get flushed-out in times of trial.

For the first time in our nations industrial history, it does not matter which side of thirty-five you are. You are likely going to need to start your own business and make it work in order to live a dignified life by the time you are seventy. With this scienter, in order to finish well, you will not have anyone to blame but yourself.

Let’s be part of the solution, and not the problem.

Brian Patrick Cork

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