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Top 10 Myths About MBA’s

The Master of Business Administration (MBA) degree is gaining popularity with each passing year. They are marketed as the one-size fits all solution for your career and your bank account. Traditional classroom settings, online programs, executive formats, are just some of the options. Before you or your company invests in an MBA, don’t be fooled, know what you’re getting in to.

Myth 1: An MBA will make you money.
Most people think that all you have to do is get this degree and your boss will throw money at you. Well consider this: there are more job seekers than jobs, and MBA’s are becoming common place. An MBA no longer differentiates you. MBA holders are finding more and more, that experience and who you know are more valuable than a degree.

Myth 2: You need an MBA to make money in today’s world.
Contrary to popular belief today’s richest people are not the people who have been to the best Business School (B-School). The road from rags to riches takes more to navigate than a 2-3 year degree. MBA students often get lulled into a false sense of security and rest on their laurels, while skilled business people use tried and true old money methods to accumulate wealth.

Myth 3: You’ll learn the secret’s of business at an MBA Program.
What you learn how to do at an MBA program is how to make other people money, not how to become wealthy yourself. MBA schools are in the business of selling degrees and selling graduates. After they sell the degree to you, they sell you, the graduate, to employers. Employers are self-interested and need people who will make the company money, not make money themselves.

Myth 4: An MBA is good for business, government, and non-profits.
Just because businesses, governments, and non-profits all use balance sheets, doesn’t mean they all need the same solutions. MBA programs gloss over the nuance with one-size fits all techniques, that when applied to the real world at best add no value. Often what is needed is observation and thoughtfulness, not textbook strategies.

Myth 5: Learning business from a school is better than learning on your own.
MBA programs claim to have a monopoly own business knowledge, yet they don’t teach basic business principles like ownership. With the advent of Web 2.0 a new wave of rich individuals has come on the seen. Do you hear them saying: “It’s all thanks to my MBA”? No.

Myth 6: An MBA is your ticket to the inner circle.
No degree can open a door to the inner circle. You can only gain access by interacting with people, people who can find MBA’s for a dime a dozen at your B-School. Getting into the inner circle takes time, tact, and a mastery of human relationships.

Myth 7: An MBA will help you start or enhance your own business.
One area the MBA programs are lacking is in teaching students how to be business owners. They don’t teach you how to incorporate, how to find accountants and attorneys, how to do your taxes, how to protect your money, etc. This body of knowledge is kept away from MBA classes purposefully because B-Schools are in business to provide a labor force, not create a new generation of wealthy individuals.

Myth 8: Getting an MBA is the best way to advance your career.
It common knowledge the 50-70% of jobs are found through connections, not because of your degrees. So why then do B-Schools tell you that the best way to advance your career is through a degree? A brief study of human interaction or interpersonal relationships can develop more opportunities and connections for you than 3 years in class.

Myth 9: An MBA increases your network.
MBA programs have networking events to bring business people, employers and students together. The problem is this: MBA curriculums don’t teach the basics of positive human interaction, like listening. Just bringing people together is inadequate. This is why there are still a high number of students graduating B-School unemployed.

Myth 10: An MBA program will teach you how to be a leader.
Leadership is more than remembering information from a textbook, listening to speakers, and demonstrating your knowledge. Leadership encompasses every aspect of a person’s being and requires more than a few credits at B-School to master. Many students looking to graduate as leaders are sorely disappointed when reality sets in after they receive their diploma.

I encourage you to teach yourself business. That way you’ll know that your educator has your best interest at heart.

Ibsahu Ma’akmaha is a healer and entrepreneur, who has been helping peeple achieve there health and wealth goals for 10 years. For more information visit: http://www.netmarketcenter.com

How to Get Out of Debt Fast With Tenants

When buying a property, in my market, I need to be in it at no more than 70% including purchase, rehab and closing costs.

Fix it up, re-finance it at 75% to 85% loan to value, and pull out the cash, which by the way is Tax Free cash, as you don’t pay tax on borrowed money. Then you can rent the property out at a positive cash flow and have Tax Free cash in your pocket.

Now here is a game plan that I suggest that you would do with that money.

First of all, every time you buy a property, I want you to look at that property in the sense of what bill can I pay off with this property? If I have outstanding credit cards, a car payment, student loans, even a home mortgage; what bill can I pay off with this house?

You are looking at the house, running the numbers, hopefully buying it a 70% or less, fixing it up, re-financing the property and pulling out $5,000, $10,000, $15,000 tax free cash; then you are going to pay off a bill.

Let me just give you a quick example.

If you bought a property and after you purchase it, you were able to put $5,000 tax-free cash in your pocket and the property has a $200 a month cash flow. What if you take that cash and you pay off a credit card that also has a $200 payment? You have now just increased your cash flow from $200 a month to $400 a month and increased your assets by $5,000 by paying off that credit card. It is also probably going to raise your credit score, isn’t it?

I would like to suggest that every time you buy property think about what bill you are going to pay off. After you pay off all of your consumer debt, your car payments, student loans and all that, then you start paying off your house. Once your personal residence is paid off, then you can go in and re-finance with a Home Equity Line of Credit at prime. You cannot get cheaper money than that. Then when you are making an offer to somebody and you ask them, ‘What is the least amount you can take if I can write you a check by Friday’, you can back it up because you can literally write a check on that Home Equity Line of Credit. That is a great feeling, having access to the cash, having the ability to write the check and knowing that you are debt free except for the properties that the tenants are paying for. Now that’s a million dollar idea!

For more articles and a 10 part e-course on how to create your own Ultimate Buying and Selling Machine! plus over 50 training audios, simply go to www.LarryGoinsFreeOffer.com where you will gain instant access

Expand Your Online Business With Affiliates

Duplicate your online business and tell the masses. For one person to extend over the internet their business it takes time a lot of money and a lot of effort on their part. But if you are looking to start your own internet business or grow your current business, affiliate marketing is essential to grow your business at an increasing rate. Affiliates will soon be the most demanded marketers online as they are the most cost effective recourse for your business.

You want to remember, the affiliate is an extension of your sales and marketing department. You need to manage an affiliate as you would any internal team member. Engage with affiliates on a regular basis and you will see higher retention, the right level of brand control and overall higher effectiveness of your campaigns.

Individually negotiated agreements can always lead to good things between dedicated partners. These sorts of agreements that are in the best interest of both parties have long been a part of business and aren’t really included in this screed. The vast majority of programs out there today, though, are non-negotiable, one-sided behemoths.

Offering products and services in exchange for signing up is commonly practiced by many affiliate marketing websites. Products may include special reports, e-books or software that would be of interest to the subscriber. Another way to get subscribers to sign up is to offer them special services that are only available for site members.

With Affiliate Marketing, a merchant recruits content sites to partner with them as affiliates in exchange for commissions. The merchant provides their advertising banners and links to their affiliates and assigns a commission for each click-through to their site, subscription to their service (a lead), or purchase of their products that is generated from the links. Affiliates place the tracking code for these ads into their Web pages.

Whenever a visitor to the affiliates site uses these links to generate a click-through, lead, or sale for the merchant, that transaction is tracked online. If a product or service is purchased, the customer pays the merchant directly, and the affiliate is paid a commission for that transaction. It is a win, win situation and the affiliates are paid only for results thus your margins for success are greater.

In conclusion, using affiliates to grow your business is the by far the best, least expensive and the lowest risk model. For you as the product owner and the affiliate has a great opportunity to start his/her first internet home business. As it is easy to start, no start-up costs, and it is a great opportunity to increase his/income income. There is no risk involved and they can start the internet home business next to a full time job. The earning potential is huge. Indeed, affiliate marketing is one of the easiest and most effective home business opportunities online today.

Gav Shannon is a Network Marketing Professional who writes about different topics that he feels may be of an interest.If You want to know more about him go to http://www.gavshannon.com

Marketing Versus Prospecting in Real Estate Investing

I’d rather have ten ways to get one lead than one way to get ten leads. That’s very important. If you’re only relying on one source, you’re not going to get many calls. We get 10-15 calls per day from different marketing efforts. In this section of the Ultimate Buying & Selling Machine, you’ll find different methods to locate deals and generate leads. When putting this course together I went through every course I own and compiled a list of different methods of generating leads and included my own from over the years. You’ll find 71 different ways to find motivated sellers and discounted properties. You won’t use all of them to generate leads but you’ll need 5-10 different ways and keep them going all the time.

Go for the low hanging fruit which means that you need to check out the market where you want to buy property and see what works best in that area and where you have the least amount of competition. In some areas you may work with realtors to get properties and in other areas you may focus on vacant houses. It’ll depend on your specific area and market. This is something only you’ll be able to determine after doing research, asking every investor you meet how they get their properties and asking every realtor you meet about the market and if they work with many investors, etc. Remember, with my system, you can invest in your local market or any other market, all from your current location.

The two ways to find properties

Marketing: Marketing is basically anything that makes the phone ring. These are your best leads. You aren’t cold calling anyone. When the phone rings and you answer the phone YOU are helping THEM. However, if you are calling on their house for sale, their sign, or because they had a foreclosure notice that you discovered, then you’re trying to sell them on selling you their house. I would much rather market and make the phone ring than prospect.

Prospecting: Prospecting is anything that you do that requires you to dig in order to contact the owner or seller of a property. We’ve talked about finding deals but it is very rare that you actually find a deal. Deals are made, not found. The sooner you will get this into your head, the sooner you will become successful. You have to make your own deals.

You do this by building rapport, getting people to like and trust you, getting to know them and getting to know as much as you can about their situation and how you can help. Every time they say something, write it down. Learn from it, bring it back up, and if they talk about how they like to ski or play golf, you bring that up. If they have children that are on a baseball team, you bring that up and you get them to like and trust you. We cover this more in the section on negotiating in the Ultimate Buying & Selling Machine.

Also, unless you are working a pre-foreclosure for a short sale, don’t look for deals that don’t have a little bit of margin already. If there is a house on the market and it is worth $105k and they’re asking $105,900, then I wouldn’t even look at that house unless they were behind on their mortgage. On the other hand, if it is worth $105k and they are asking $89k; I might call about it. You want something that already has a margin in it. This way you’re already at a starting point where you’re not upside down or starting at full retail.

For more articles and a 10 part e-course on how to create your own Ultimate Buying and Selling Machine! plus over 50 training audios, simply go to www.LarryGoinsFreeOffer.com where you will gain instant access

Develop An Effective Career Planning To Succeed In Workforce Arena

To have a successful career, you need to have an effective career planning and this serves as your gear as you trudge the way towards the corporate arena. The workforce environment is a ground of great competitions and if you do not have an edge, you most likely to fail in achieving your desired position and to have a successful career. You have to have an attitude, the edge to meet the working standards imposed in the corporate world.

Aside from being skilled of effective business negotiation or sales presentation, there are other things that you have to posses when you are already in the workforce area. You must recognize the fact that career planning does not end when you already got your desired position because career planning is a constant process of modification for the betterment of your career. For instance, to have a better career, you should give importance of the following:

One of the biggest shortcomings that one can make when he/she is working in an office is having romantic relationship with his/her co-employee or with his/her boss. This completely colors the work situation and can cause major constraints in the workplace. Although office romances are common, they typically bring about some friction between the couple or the couple and others–it affects the job performances negatively.

Another is, being dishonest is an office blunder that can land you in the unemployment office. Stealing from your job, lying about reports being done and trying to cause conflict by lying to one co-worker about another are all very silly mistakes that employees make–these things should be completely avoided. Mind you, even a minute of break extension can decrease productions.

Saying incredibly unnecessary things is also a blunder that can easily be avoided. Jokes and comments about the way that individuals look in their clothing can border on the line of harassment. As a matter of fact, just about anything can be proven to be harassment by a brilliant lawyer. That is why it is best to keep jokes and opinions about others to you and you alone.

Being a good employee can take you a long process at work and in your private life. It feels good to know, however that you can be an effective person be it at work or and anywhere else. Be kind to co-workers and go through your days with a positive thinking.

These things are essential in every career person, and if one really desires to succeed in his/her career, these things should also be included in his/her career planning.

To read more,visit http://www.howtotalkbusiness.com/