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 started her first business when she was a teenager. By her 30’s, she was a millionaire, and all she did was ask for money. She always had a passion for fitness and sports, so she decided to let people pay her to be their personal trainer. Then when she was in college, she showed her friends how to lead aerobics classes.
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.
Not everyone can afford to hire their own staff at first, but start with just one or two key people. If you’re not good with numbers, hire an accountant, even if it’s only a seasonal job. If you’re not good with people, hire someone to manage your human resources, public relations, or marketing efforts. The most important thing is to not sell yourself short. If it’s worth doing, it’s worth doing well, and it’s worth being paid well to do it.
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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