Do What You Can. Hire What You Can’t.
Some people make money. Loral Langemeier makes millionaires. She’s the founder and CEO of Live Out Loud, a mentoring program that helps thousands find
wealth, 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 was also a contributor to the highly successful book and film, “The Secret”.
Loral Langemeier’s passions include teaching, money, play, people, sports, dinner parties, wine, and fun. It seems just about everything is her passion. As a child living on a farm in Nebraska, money was a hush-hush subject. It wasn’t right to ask for money. That’s what Loral does today, though. Not only does she do it, but she teaches others to do it as well, turning some into millionaires.
Loral believes that you can turn anything into a profitable business. She sees people every day who perform services for free. Can you write? Why not get paid for it? Can you paint? Why not charge people for murals in children’s rooms? Can you drive? Why not run errands for people who are unable or too busy to do it themselves?
Loral started her first business as a teenager, and by her 30’s, she was already a millionaire. How did she do it? She asked for it. Loral Langemeier always had a passion for sports and fitness. She began working as a personal trainer, and then she taught her friends in college how do lead aerobics classes.
Her aerobics classes led to a business in which she was getting paid for other people’s efforts. She found the clients, and then she got a percentage of the profits her employees made. This eventually led to a multi-million dollar contract with the Chevron Corporation in which she set up fitness centers on over 200 offshore oil rigs.
If Loral Langemeier’s had a motto, it might be something like, “Strengthen Your Strengths. Hire Your Weaknesses.” That’s just a fancy way of saying, “don’t waste your time.” Building a business quickly and efficiently means you can’t do everything by yourself, especially the things you don’t know how to do.
If you’re just starting out, you can’t afford to hire an entire staff, but you should still start with a couple of key multi-tasking people. Can’t do taxes? Hire a seasonal accountant. Not a people person? Find someone who can handle both your HR and Marketing departments. The most important thing to remember is that if something is worth doing, it’s worth being paid well to do. You’ll be able to afford a staff in no time.
Not getting bogged down in the details applies to your regular life as much as it does to your business. You can’t focus on your passion if you’re focused on everyone and everything else. Cut out everything that can be done by someone else or that doesn’t apply to your passions or family. When you focus on your business, you’ll get out of the rat race sooner and have more time for yourself and your family!
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