Tuesday, January 01, 2008

Adventures of an Optimist Is Now Available

Good evening, Billion Dollar Business Creators!

Are you feeling motivated this evening?

I hope so. I know that I am!

I also hope that 2008 will be your best year so far.

I thought you might enjoy learning about what I've been slaving over for the last six months.

As you know, I've been working on the 400 Year Project (demonstrating ways to make global improvements at 20 times the usual rate) since 1995. Along the way, I've helped write six books that details progress on the project (The 2,000 Percent Solution, The 2,000 Percent Solution Workbook, The 2,000 Percent Squared Solution, The Portable 2,000 Percent Solution, The Irresistible Growth Enterprise, and The Ultimate Competitive Advantage).

The thinking behind the project has, however, moved much faster than publishing of books has permitted. As a result, I realized early in 2007 that I could see the end of the project.

I decided to share that vision of a world improving on all of its performance areas (big and small, individual and collective). I've put that vision in my new book, Adventures of an Optimist: A Progress Report on the 400 Year Project to Help You Improve 20 Times Faster.

Last year, I held a contest to find a foreword for the book. Ms. Teresa Bolen was the winner of the contest. Here is what she had to say about the book:

"What would you do if God gave you knowledge for making the world a much better place? Not your everyday, ordinary, run of the mill knowledge, but knowledge that would allow you and your team to create solutions that would otherwise not be available to the people of Earth for another 400 years.

"Though he’s far too humble a servant of God to say so himself, I believe that is exactly what happened to my mentor and friend Don when he was gifted with the inspiration to create the 400 Year Project – a project to create 400 hundred years worth of improvements in merely 20 years. You read that right: four centuries worth of improvements in only two short decades.

"The kinds of global improvement methods he writes about have the potential to provide nutritious food, clean water, excellent healthcare and safety to everyone on the planet. These improvement methods have the potential to bring peace to every region of the globe. On a more personal level, these methods have the potential to dramatically increase longevity, perhaps even to more than double one’s lifespan. Don’s methods offer the potential to improve the quality of life, personal relationships, finances, and education, and to present a myriad of new opportunities for you and everyone around you. If you’re not already familiar with Don’s other works such as The 2,000 Percent Solution, The 2,000 Percent Squared Solution, The Irresistible Growth Enterprise, and The Ultimate Competitive Advantage, then this may sound like a fairytale. However if you are already a follower of Don’s work, then you’ll immediately recognize the potential of his 400 Year Project to bring that Divine inspiration into physical reality, ushering in improvements on a global scale, limited only by the imaginations of those who are putting these teachings into practice. In a world where many find themselves lost in the doom and gloom of contemplating a future dominated by disease, disaster, crime, war, and suffering, Don’s optimistic vision is not merely a shining path of hope, but a template for how to recreate our world into something so blessed and wonderful that everyone experiencing it would become optimists.

"In Adventures of an Optimist, Don takes you on a personal journey of how he came to be such a practical optimist and why he has so much faith in all of us. He gives a crash course on his world-renowned 2,000 percent solutions, i.e. any way that you can accomplish 20 times as much with the same time and resources, and gives convincing evidence on how that kind of incredible progress — though seemingly enormous at first blush — is merely a baby step for each of us. Don shows us again and again that we can gain infinitely more by learning how to make breakthroughs in areas with the most potential to benefit ourselves and everyone else.

"One of the great things about Don’s writing is how he demonstrates the ways he and his students have repeatedly succeeded with these improvement methods. He also shares the flops, lest we begin to feel that we are reading the optimistic musings of an intellectual superman!

"Don’s masterful use of metaphors and riveting storytelling ability draw you in to experiencing those moments with Don almost as if you were there in person while it was happening. One of my favorite examples is when he describes becoming one of Amazon.com’s top ten reviewers. Like so many people, I had wondered how in the world he accomplished it, especially in addition to his busy life as CEO of Mitchell and Company, helping world-class business professionals create better and better business solutions; professor at Rushmore University, guiding students to create their own 2,000 percent solutions; and writing numerous finely crafted books. You get to imagine what it was like in Amazon’s earlier days when most people were using dial-up modems, see how Don’s thinking interacted with the growth of the internet and of Amazon, and find out how he realized he could reach more people through Amazon reviews than even the most famous authors of business books do.

"Once the reader is comfortably grounded into imagining the possibilities of 2,000 percent solutions, Don eases you into multiplying those exponential improvements. He expands the vision more and more, and you’ll either come out on the other side with your mind wide open for the very real possibilities that the 400 Year Project offers, or you’ll already be taking action to start making those breakthroughs in those areas with the most potential to benefit yourself and others.

"As you read the book and begin to fully grasp the promise of the 400 Year Project, creating 400 hundred years worth of improvements in only 20 years, you’ll ask yourself, “What role do I want to play?” If you’ve ever wanted to make the world an infinitely better place, if you’ve been looking for an opportunity to make a difference so profound that you joyfully leap out of bed each day to create that difference, then this book may just be the introduction to the means you’ve been seeking. Get ready to open your heart, open your mind, and let the possibility of a future brighter than all your wildest dreams be revealed to you."

Teresa Bolen

Author, Master Plan to Master Exams: How to Discover Your Hidden Abilities to Create the Success You Desire

Kyoto, September 15, 2007

Here is the table of contents so you can get a sense of what the book covers:

Foreword

Acknowledgments

Background Briefing: What Can Four Centuries Worth of Improvements in a Generation Mean for Your Life?

Preface: A Singular Sensation

Introduction: Seeds of an Optimistic Idea, the 400 Year Project

Part One: ORIGINS

Chapter 1: How I Became a Practical, Unlimited Optimist

Chapter 2: A Surprise Announcement

Part Two: LESSONS

Chapter 3: Crawling and Toddling Ahead

Chapter 4: Introducing 2,000 Percent Solutions

Chapter 5: Irresistible Growth Beckons

Chapter 6: Reaching Millions of Readers

Chapter 7: Competitive Advantages

Chapter 8: Tutoring Lessons

Chapter 9: A Complementary Dimension: Getting More Out of Life

Chapter 10: Multiplying Exponential Improvements

Chapter 11: Making 400 Years Worth of Progress Quickly by Further Multiplying Exponential Improvements

Chapter 12: Saving More Souls

Part Three: PRESCRIPTIONS

Chapter 13: A Learning Foundation for Rapid Progress

Chapter 14: Entrepreneurial Models for Rapid Progress

Epilogue: Your Role in the 400 Year Project

Appendix A: Become a Helpful Book Reviewer

Appendix B: Why Are 2,000 Percent Solutions Available for Almost Any Activity?

Appendix C: How to Have Your Own Optimistic Adventures

If you would like to get a brief look, Amazon.com has an excerpt that you can download for 49 cents at

http://www.amazon.com/Adventures-of-an-Optimist/dp/B000RO9UWI/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1199235182&sr=1-1

If you would like to purchase a paperback copy, Amazon.com has new copies available for $18.99 at

http://www.amazon.com/Adventures-Optimist-Progress-Project-Improve/dp/1419684981/ref=sr_1_2?ie=UTF8&s=books&qid=1199235182&sr=1-2

If you want to learn more about the 400 Year Project, register for free to read about this work at http://www.fastforward400.com/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2008 Donald W. Mitchell

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Thursday, August 09, 2007

Would You Like Me to Coach or Brief You so You Can Build Your Billion Dollar Business Faster and Larger?

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

I have been getting a lot of inquiries lately from entrepreneurs who would like me to help them build a billion dollar business. A number of these entrepreneurs have asked me if I would provide individual coaching to them.

I wanted to share with you the answer I have been giving: I am willing to do a little individual coaching for entrepreneurs.

For those of you who I will not be able to work with directly, let me describe a few lessons that will help you.

What does it take to create a billion dollar business from scratch? Here are a few key lessons that I find most people don't follow.

1. Based on my research with those who have succeeded, you can expect to have to make at least 75 business model changes from where you start. Most entrepreneurs don't realize that and slow down their business model changes too soon. As a result, I favor working with entrepreneurs to make frequent business model improvements that expand their growth and profit potential.

2. In most cases, your enterprise will need to develop a multibillion dollar market that doesn't yet exist. You'll need to focus on both growing your market and your enterprise.

3. You can accelerate your progress by many years through introducing the right 2,000 percent solutions as you improve your business model. The most advantageous 2,000 percent solutions to develop are (a) market-expanding ones, (b) cost-reducing ones, and (c) asset-reducing ones. You can get ideas to help you from The 2,000 Percent Squared Solution (Mitchell and Company Press, 2007) and The Ultimate Competitive Advantage (Berrett-Koehler, 2003). The 2,000 Percent Solution Workbook (iUniverse, 2005) will help you organize your work on each 2,000 percent solution.

4. Reducing your cost of capital will greatly expand your choices. I suggest that you fully develop ways to encourage customers to provide your capital needs . . . in exchange for valuable advantages that customers want.

5. Getting most of your good ideas from within your organization will keep you from reaching your full potential. Instead, find ways to locate over 90 percent of your best ideas from outside of your organization while continuing to get as many good ideas as possible from within your company.

As you know, I've been developing briefing documents for a year-and-a-half for The Billionaire Entrepreneurs' Master Mind. To date, I've produced 76 briefings to help entrepreneurs build their billion dollar businesses.

Because I cannot coach all of the people who would like me to help them, I've decided to start offering subscriptions to these briefings. If this is of interest, please contact me by sending an e-mail to askdonmitchell@yahoo.com/.


May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2007 Donald W. Mitchell

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Friday, May 25, 2007

Issues and Solutions for Small and Medium Sized American Manufacturers

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

Ken Rayment interviewed me yesterday about how small and medium sized American manufacturers can become much more successful.

I pointed out that most such manufacturers are focused on soaring costs, pressure from customers not to raise prices, and sagging volume as domestic customers lose market share to imports. But those are merely symptoms of weak business models and ineffective cost management methods.

If you would like to hear the podcast, here's the link:

http://www.podcasternews.com/programs/87/better-process-podcast/4108/

Thanks so much for your support of this blog.
I'm delighted that so many tens of thousands
of people have made this blog part of their
regular reading habit!

If you like this blog, please let others
know who might also enjoy it. E-mailing
your favorite post to them is a great idea.

Thank you to my many friends, students,
clients and blog readers who are spreading the
good word about this blog.

If you are visiting today because someone
invited you, I'm delighted to meet you! Let's
stay in touch.

Remember to also visit

Live Spiritually Better than a Billionaire at http://livespirituallybetterthanabillionaire.blogspot.com/,

Enjoy Mansions Better than a Billionaire at http://enjoymansionsbetterthanabillionaire.blogspot.com/,

Enjoy Football Better than a Billionaire at http://enjoyfootballbetterthanabillionaire.blogspot.com/ and

Be a World Hero Better than a Billionaire at http://beaworldherobetterthanabillionaire.blogspot.com/.

I offer individual on-line tutorials and
in-person seminars
on creating 2,000
percent solutions (20 times the results with
the same effort), developing more profitable
business models and designing strategies that
work regardless of the business environment.
For information, contact me at
ultimatecompetitiveadvantage@yahoo.com.


I am available to you as a speaker on these
subjects. You can find my background at http://livebetterthanabillionaireon5dollars.blogspot.com/2005_08_30_livebetterthanabillionaireon5dollars_archive.html/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2007 Donald W. Mitchell

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Wednesday, May 02, 2007

The 2,000 Percent Squared Solution Is Now Available on Amazon.com and Lulu.com

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I hope so. I know that I am!


The 2,000 Squared Percent Solution
is now available on Amazon.com.

Carol Coles and I are delighted to share this breakthrough book with you!

You'll learn how to increase revenues (for companies) and effectiveness (for nonprofits) by 20 times while reducing the cost of delivering your offerings and benefits by 96 percent. These two 2,000 percent solutions are the equivalent of creating 20 normal 2,000 percent solutions. You'll see profits and effectiveness soar by 400 times.

Fifty-seven outstanding people have endorsed this book already, more than endorsed all of our earlier books combined.

Here's what a few of them had to say:

"A 400 times increase in results! Is that an outrageous claim? Not if you know how. It's all about leverage - finding the point where small incremental efforts create enormous returns. Coles and Mitchell provide the insights, examples and experience to help you find those leverage points - a compelling read."

David P. Norton - Author, The Balanced Scorecard

"The 2,000 Percent Squared Solution is a brillinat distillation of essential management principles that everyone, and I mean everyone, canuse to drive dramatic acceleration of performance. It's packed with great stories that make the principles easy to understand, embrace, and apply. Whether you're a leader in a big, small, for-profit or not-for-profit organization, you need this book."

Rosabeth Moss Kanter - Harvard Business School, best-selling author of Confidence: How Winning Streaks & Losing Streaks Begin and End

"The 2,000 Percent Squared Solution combines audacity and practicality into a one-of-a-kind guide for improving performance."

Daniel H. Pink - Author of A Whole New Mind

"If you want greater profits and more efficiency, read this book. I found many breakthrough concepts for growing and streamlining all of our companies in this book. It made me aware of a lot of things we were not addressing and we are now."

Jack Canfield - Co-author of The Success Principles
, and Co-creator, Chicken Soup for the Entrepreneur's Soul®

We hope you'll take the time to examine this volume.

Here's the link for Amazon.com:

http://www.amazon.com

Once there, use the isbn ( 0615142761 ) or this name exactly: The 2,000 Percent Squared Solution. If you leave out the comma in 2,000, you probably won't be able to find the book.

In addition, Amazon.com will be offering a preview beginning in May. You can buy a digital version of Chapter One for only 49 cents through the Amazon Shorts program. Check it out!

Details of the book have also been sent to Amazon.com and should appear on the book's page in the next week or so.

You can also buy the book or a digital version at Lulu.com:

http://www.lulu.com/content/727157

Remember to also visit

Live Spiritually Better than a Billionaire at http://livespirituallybetterthanabillionaire.blogspot.com/,

Enjoy Mansions Better than a Billionaire at http://enjoymansionsbetterthanabillionaire.blogspot.com/,

Enjoy Football Better than a Billionaire at http://enjoyfootballbetterthanabillionaire.blogspot.com/ and

Be a World Hero Better than a Billionaire at http://beaworldherobetterthanabillionaire.blogspot.com/.

I offer individual on-line tutorials and in-person seminars on creating 2,000 percent solutions (20 times the results with the same effort), developing more profitable business models and designing strategies that work regardless of the business environment.

For information, contact me at
ultimatecompetitiveadvantage@yahoo.com .


I am available to you as a speaker on these subjects. You can find my background at http://livebetterthanabillionaireon5dollars.blogspot.com/2005_08_30_livebetterthanabillionaireon5dollars_archive.html/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2007 Donald W. Mitchell

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Monday, April 30, 2007

The Portable 2,000 Percent Solution is now available on Amazon.com

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I hope so. I know that I am!


The Portable 2,000 Percent Solution
is now available on Amazon.com.

This book is a condensation and updating of our 1999 (and 2003 reprint) book, The 2,000 Percent Solution.

Carol Coles and I are looking forward to reading reviews on Amazon.com written by the many excellent Amazon.com reviewers and comments in blogs by Amazon.com customers who received copies of the uncorrected galleys.

You are able to post reviews now.

If you decide to look the book up, be sure to put a comma into 2,000 when you search or you won't find The Portable 2,000 Percent Solution. You can also search by the ISBN which is
1419663364 .

Here's the link:

http://www.amazon.com/Portable-000-Percent-Solution/dp/1419663364/ref=sr_1_3/102-8591504-8645760?ie=UTF8&s=books&qid=1177945797&sr=1-3

Remember to also visit

Live Spiritually Better than a Billionaire at http://livespirituallybetterthanabillionaire.blogspot.com/,

Enjoy Mansions Better than a Billionaire at http://enjoymansionsbetterthanabillionaire.blogspot.com/,

Enjoy Football Better than a Billionaire at http://enjoyfootballbetterthanabillionaire.blogspot.com/ and

Be a World Hero Better than a Billionaire at http://beaworldherobetterthanabillionaire.blogspot.com/.

I offer individual on-line tutorials and in-person seminars on creating 2,000 percent solutions (20 times the results with the same effort), developing more profitable business models and designing strategies that work regardless of the business environment.

For information, contact me at
ultimatecompetitiveadvantage@yahoo.com .


I am available to you as a speaker on these subjects. You can find my background at http://livebetterthanabillionaireon5dollars.blogspot.com/2005_08_30_livebetterthanabillionaireon5dollars_archive.html/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2007 Donald W. Mitchell

Saturday, April 28, 2007

Exploring Wikinomics

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

Many people have been fascinated by the relatively new book, Wikinomics. Realizing that you may be planning to use some of these concepts to create your billion dollar business, I thought you might like to see my recent review of the book:

Four Stars

Helpful Summary of Early On-Line Mass Collaborations


Think of this book more as reporting of where the world was in 2005 than analysis and direction for the future. But Wikinomics is a helpful resource to have, for most people are unaware of the extent to which self-organization through mass communication is being developed. Some of the successes are spectacular like the Goldcorp contest to locate more gold (which I described in The Ultimate Competitive Advantage in 2003) and Procter & Gamble's astonishing efforts to acquire technology from outside the organization (which I describe in The 2,000 Percent Squared Solution).

The strength of the book is that several different aspects of on-line mass collaborations are developed including:

1. Open collaborations to produce collective results not owned by anyone including Wikipedia and Linux.

2. Accessing more expert knowledge through idea markets (such as Goldcorp and P&G have done).

3. Customers being able to participate in detailed customization past what the vendor facilitates (basically a blurring of company-customer boundaries).

4. Knowledge transfer among the scientific community.

5. Methods of opening access to partners, especially for complementary software development.

6. Global production methods.

7. New ways of facilitating work in combination with those outside the organization.

If you are like me, you'll learn about some examples that you didn't before and find yourself feeling better informed.

The book has two annoying qualities that you should be aware of. First, the authors are very generous with each other in giving credit for ideas generated in the nondigital world by others. Second, there is a gushiness about the potential that isn't nuanced enough to reflect the problems that need to be solved. As a result, the inexperienced reader will get a sense that each opportunity is equally easy to grasp. That's clearly not true. In addition, the psychology of where which approaches will and won't work are mostly alluded to rather than developed. Building mass collaboration around enlightened self-interest is quite different from doing so built around more purely altruistic purposes.

I suspect the book would have worked better if the authors had written a series of books that developed each perspective further. Certainly, the global contest concept for for-profit enterprises is a proven area that almost anyone can do. That topic deserved more emphasis and explanation. Instead, you get a newspaper-level discussion of the topic.

I have not read a better book on this subject (but there may well be one I've missed) and I suspect Wikinomics will be one of the standards in on-line mass collaborations.

If you like this blog, please let others
know who might also enjoy it. E-mailing
your favorite post to them is a great idea.

Thank you to my many friends, students,
clients and blog readers who are spreading the
good word about this blog.

If you are visiting today because someone
invited you, I'm delighted to meet you! Let's
stay in touch.

Remember to also visit

Live Spiritually Better than a Billionaire at http://livespirituallybetterthanabillionaire.blogspot.com/,

Enjoy Mansions Better than a Billionaire at http://enjoymansionsbetterthanabillionaire.blogspot.com/,

Enjoy Football Better than a Billionaire at http://enjoyfootballbetterthanabillionaire.blogspot.com/ and

Be a World Hero Better than a Billionaire at http://beaworldherobetterthanabillionaire.blogspot.com/.

I offer individual on-line tutorials and
in-person seminars
on creating 2,000
percent solutions (20 times the results with
the same effort), developing more profitable
business models and designing strategies that
work regardless of the business environment.
For information, contact me at
ultimatecompetitiveadvantage@yahoo.com.


I am available to you as a speaker on these
subjects. You can find my background at http://livebetterthanabillionaireon5dollars.blogspot.com/2005_08_30_livebetterthanabillionaireon5dollars_archive.html/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2007 Donald W. Mitchell

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Wednesday, March 14, 2007

Where Do You Start in Creating a Billion Dollar Business?

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

Carol Coles and I have been thinking about how entrepreneurs can build successful businesses faster than ever since the early 1970s. In that time, we've had the pleasure of consulting for many of the past record-holders in reaching a billion dollars in revenues in the least amount of time.

In that role, we've often had the pleasure of meeting founders who took the time to help us understand what they saw that no one else did at the time: The chance to create a great business very rapidly.

We've pored over business school texts, articles in reputable business journals and reviews, and speeches by leading professors. There's almost no match with what the most successful entrepreneurs do.

Where will you find the answers?

Since early last year, we've been deepening our understanding of the subject by working with top entrepreneurs around the globe who intend to create the next generation of billion dollar businesses faster than ever. Why not create something more valuable than Google in a third of the time?

Beginning in June, I will be taking on one entrepreneur who would like to have daily coaching on creating a billion-dollar business at a record-setting pace.

Would you like to be that person?

If so, please introduce yourself to me via askdonmitchell@yahoo.com and we'll get acquainted.

Who knows where that can lead?

Please let me know what else you would like to
learn, and I'll do my best to help in future blog
entries.

Thanks so much for your support of this blog.
I'm delighted that so many tens of thousands
of people have made this blog part of their
regular reading habit!

If you like this blog, please let others
know who might also enjoy it. E-mailing
your favorite post to them is a great idea.

Thank you to my many friends, students,
clients and blog readers who are spreading the
good word about this blog.

If you are visiting today because someone
invited you, I'm delighted to meet you! Let's
stay in touch.

Remember to also visit

Live Spiritually Better than a Billionaire at http://livespirituallybetterthanabillionaire.blogspot.com/,

Enjoy Mansions Better than a Billionaire at http://enjoymansionsbetterthanabillionaire.blogspot.com/,

Enjoy Football Better than a Billionaire at http://enjoyfootballbetterthanabillionaire.blogspot.com/ and

Be a World Hero Better than a Billionaire at http://beaworldherobetterthanabillionaire.blogspot.com/.

I am available to you as a speaker on these
subjects. You can find my background at http://livebetterthanabillionaireon5dollars.blogspot.com/2005_08_30_livebetterthanabillionaireon5dollars_archive.html/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2007 Donald W. Mitchell

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Monday, July 17, 2006

The Billionaire Entrepreneurs' Master Mind Will Re-Open for a Second Cohort This Summer

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

The Billionaire Entrepreneurs' Master Mind will complete its first six months at the end of July. Progress has been excellent. Members have been making steady improvements in their current and proposed business models, adding new stakeholder benefits and testing out new marketing programs. The vision of the members has expanded in many helpful ways to steer their enterprises to larger size faster. Members have already found ways to save themselves tens of millions in costs in defining better ways to grow.

I have had a ball working with our many global members.

With this excellent foundation in place, I'm interested in working with a second cohort who want to form a master mind. If you are interested, please let me know and I'll help you evaluate the group.

Contact me at ultimatecompetitiveadvantage@yahoo.com and label your subject as "I'm Interested in Joining the Second Cohort for The Billionaire Entrepreneurs' Master Mind". Please send a little background about your business experience and what kind of a business you want to develop.

Here are the key benefits:

1. Twice a year detailed evaluations of your business model and plans conducted by me.

2. Weekly coaching by me in writing that provides you with an integrated process for overcoming your mental hurdles, creating a faster growing market, gaining market share and expanding your profit margin by 20 times. This is the same process successful organizations have used in the past to create billion dollar enterprises rapidly.

3. Twice a month global conference calls to hold live master mind reviews of current entrepreneurial efforts.

4. Shared information resources about other sources of knowledge that fit each member's entrepreneurial needs.

Many entrepreneurial coaches charge as much as $5,000 for a single session of such a group. Because we apply our own process, we can deliver greater results for you at a fraction of that cost.

If you have questions, please let me know. You may call me at 781-647-4211 in the United States between 11 a.m. and 1 p.m. EDT on Tuesdays and Thursdays for a five minute chat. If you wish to speak longer, please send me an e-mail first to request an appointment.

With best regards, much appreciation and all good wishes,

Don

Copyright 2006 Donald W. Mitchell

Thursday, May 11, 2006

The Billionaire Entrepreneurs' Master Mind Is Now Closed to New Members

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

Well, time has run out for you to join The Billionaire Entrepreneurs' Master Mind. I'm sorry. It would have been fun to include you.

If you are still interested in creating a billion dollar business or a billion dollar NGO to serve those who need help, Mitchell and Company continues to offer its consulting services in these areas. You may reach me at my direct line number of 781-647-4211 to discuss those services.

With best regards, much appreciation and all good wishes,

Don

Copyright 2006 Donald W. Mitchell

Wednesday, May 03, 2006

Boot Camp to Catch Up with The Billionaire Entrepreneurs' Master Mind: Join by May 10, 2006

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

I have a special place in my heart for procrastinators.

Most procrastinators mean well. They just don't get around to doing things when they need to.

Thousands of procrastinating entrepreneurs could now be 14 weeks into creating billion dollar enterprises . . . but they dithered instead.

Like all good procrastinators, they love a challenge.

If you think you can do 18 weeks of work in the next 3 weeks, you can still join The Billionaire Entrepreneurs' Master Mind.

To make it easier, I'll help you. But you have to spend an hour a day with me on the telephone . . . 6 days a week (we'll both rest on Sunday).

I can provide this boot camp opportunity for three people only. After that, I'm out of time.

You have one last week left to take action. After that, you've missed the boat! Sorry!!!

If you have questions, please let me know. You can call me at 781-647-4211 in the United States between 8 a.m. and 7 p.m. EDT through May 9, 2006.

With best regards, much appreciation and all good wishes,

Don

Copyright 2006 Donald W. Mitchell

Tuesday, April 11, 2006

Ask Don Mitchell Your Questions about Becoming a Successful Entrepreneur on May 17

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

Part of my desire for establishing The Billionaire Entrepreneurs' Master Mind was to help entrepreneurs be more successful.

I've decided to offer a series of free teleconferences for that purpose. I hope you'll join me.

Call me on Wednesday, May 17, 2006, for the next one.

I'll answer any questions then about becoming a successful entrepreneur that are posed to me for one hour.

The call begins at 5 p.m. EDT (2 p.m. PDT). Dial 712-580-7706 in the United States. Once you get through, hit 2 to avoid the instructions. Use the passcode 16474211# then to enter the call.

Feel free to forward this post to your friends who want to enjoy major entrepreneurial success. They will find most of the answers to their questions in this blog.

With best regards, much appreciation and all good wishes,

Don

Copyright 2006 Donald W. Mitchell

Saturday, April 08, 2006

Investigate the Legacy You Want to Leave by Developing Your Billion Dollar Business

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!


The Billionaire Entrepreneurs' Master Mind
has been operating for two months now. As a potential member of the group, you're probably wondering what you missed.

Every week, members receive a briefing to work on that helps them shape their billion dollar enterprise.

I thought you might find it interesting to see one.

I also hope you'll take the time to work on the assignments. They could make life-changing improvements for you and millions of others.


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The

Billionaire

Entrepreneurs’

Master Mind

Week Nine Briefing:

Your Legacy

Welcome back to The Billionaire Entrepreneurs’ Master Mind! We are glad to have you as a member and to share this ninth briefing with you.

You will be receiving a total of 50 briefing documents in your first year of membership. You will probably enhance your benefits from this membership if you make it a practice to read these briefings within a week of receiving them. You will probably gain even more benefits if you review the lastest briefing for five minutes before retiring at night. While you sleep, your subconscious will develop wonderful new solutions for you.

We will also be holding discussions of these same subjects twice a month, and you will gain more from the discussions if you have already been thinking about the subject. Briefings are designed to help you start your investigation of your best opportunities to create a billion-dollar enterprise.

Introduction

I selected this week's briefing topic after teaching a local course in entrepreneurship last night. We were talking about setting objectives from the perspective of having already succeeded. The entrepreneurs in the room were asked to pick the five goals that they could have chosen now that would have most likely led to the success that they had already gained $400 million as one of my most successful clients had done through a similar form of entrepreneurship).


The second goal they wanted to set for themselves was to have a positive effect on their community as a result of their entrepreneurship. Obviously, they wanted to accomplish something more than making money.

From this goal, I recalled goal setting exercises that I had done with Tony Robbins and Jack Canfield that had a large impact on my thinking. The two exercises were somewhat similar. You basically were seeing yourself as Scrooge did during A Christmas Carol as the third ghost showed Scrooge the future where Tiny Tim would be dead along with Scrooge, and no one would mourn Scrooge.

It occurred to me that you may not have done such an exercise. It’s wonderful for helping you focus on your legacy. But you may have. So I designed my own version of the exercise for the master mind. I hope you like it.

Here are questions you should consider in terms of your entrepreneurial goals. As you answer these questions, feel free to seek spiritual guidance, discuss your feelings with family and friends, and read current materials about past titans of business who were important over 100 years ago:

What Will People Say about You at Your Funeral?


A good place to begin is to imagine who will attend. Why will they have decided to come that day? While they are waiting for the ceremony to begin, what will they say when they mention you?

Action Step: Write the elegy for your funeral as you would like it to be given by the person you would like to play that role.


What Will Be Said about Your Billion Dollar
Enterprise on the Day after You Die?

Since you’ve been very successful in establishing such a large organization, the subject will undoubtedly come up. Obviously, you will be recognized for that accomplishment. But what will be said of the importance of the enterprise itself?

Action Step: Write a news story about the significance of your billion dollar enterprise as it might be written in a section of your obituary in your home town newspaper.


One Hundred Years after You Die, What Difference Will Your
Enterprise Have Made?

It’s now the centennial of your death. A news story is being written to describe the influence that your enterprise has had, both good and bad. What will be said then?

Action Step: Write that news story as it might appear in various publications that you respect.


What Will Your Relatives Say about Hear the Significance of What You Accomplished during Your Family’s Annual Reunion 100 Years from Now?

Most family reunions inevitably bring up the subject of those who have passed on, commenting on what made them memorable. The oldsters share what they remember with the young sprouts.

Action Step: Write out what you would like your great grandchildren to say about you at that reunion.


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If you have ideas for how we can improve, please send me an e-mail at ultimatecompetitiveadvantage@yahoo.com

If you are interested in being considered as a member, make contact through that same e-mail address.

Feel free to forward this post to your friends who want to enjoy major entrepreneurial success.

With best regards, much appreciation and all good wishes,

Don

Copyright 2006 Donald W. Mitchell


Monday, April 03, 2006

Two Month Update on Member Progress

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

The Billionaire Entrepreneurs' Master Mind
has been operating for two months now. As a potential member of the group, you're probably wondering what you missed.

The group is off to a much faster start than any other master mind I have been involved with. Within two weeks, this group had made more progress than a master mind that I joined through Jack Canfield has accomplished over seven months.

Most members have submitted their initial business models and plans to me for evaluation. In each case, those reviews picked up major flaws in direction that would probably have prevented the business from developing into billion dollar potential. Members were happy to get this feedback before spending millions of dollars and years of effort to go off in the wrong direction. Many of the members report that these initial observations will save their companies tens of millions in the future.

In our weekly briefings, members have been reviewing their operations also from several new perspectives that they had not considered before. Most of these new points of view have added vast new markets that can be served by focusing on them sooner.

Members report getting lots of good ideas from the twice-monthly global teleconferences where members discuss how they are applying the briefings. In those sessions, we also share ideas to help people over the hump where they cannot see very many ways to apply these new perspectives.

The average member reports having made more progress as an entrepreneur in the last two months than in the previous five years. Most are spending less than five hours a week to make this progress which makes the master mind exceptionally time efficient.

A number of members are planning educationally related enterprises. To facilitate the growth of their credibility, I arranged for these members to become co-authors with Jack Canfield, John Grey, Bob Proctor, Alan Cohen, Richard Carlson and me in 101 Ways to Improve Your Life, Volume 2. This credential is already starting to open doors for the lesser known members.

Several members have decided that they would like to found non-English versions of the master mind. This means that we can look forward to expanding our global reach and understanding through these groups as well. I suspect that will make The Billionaire Entrepreneurs' Master Mind one of the few multilingual, global entrepreneurial networks.

We are excited about accomplishing even more in the next two months.

If you have ideas for how we can improve, please send me an e-mail at ultimatecompetitiveadvantage@yahoo.com

Feel free to forward this post to your friends who want to enjoy major entrepreneurial success.

With best regards, much appreciation and all good wishes,

Don

Copyright 2006 Donald W. Mitchell


Tuesday, February 07, 2006

Questions Prospective New Members Are Asking about The Billionaire Entrepreneurs' Master Mind

Good morning, Billion Dollar Business Creators!

Are you feeling motivated this morning?

I certainly hope so. I know that I am!

I am updating these materials as new questions arise. So come back from time to time to see the latest questions and answers.

The rate of inquiries is picking up nicely as more people become aware of the group.

If you were invited to come to this blog to find out more about the group, welcome! The members and I appreciate your interest.

For your convenience, I have listed the most common questions that people have raised so far. I've also answered those questions. If you have a different question, please feel free to call me at 781-647-4211 in the United States for five minutes. If you would like to make an appointment to have a longer discussion, you can reach me to through ultimatecompetitiveadvantage@yahoo.com to suggest a date and time.

1. The Billionaire Entrepreneurs' Master Mind started on February 1. What has my procrastination cost me?

Many people procrastinate. Did you ever cram at the last minute in school to pass a test? Presumably, you've developed skill in getting things done faster than other people.

Building a major for-profit or non-profit enterprise is a much more difficult task than passing a test. Sustained effort has always proven to be needed.

Assuming that you would like to be more successful, your delay so far isn't a major problem. By spending an hour a day, you should be able to catch up with the group within a month.

If you procrastinate, however, for three more months, you will be permanently behind those who started on February 1. Why? You won't be able to join the master mind any more.

But that's okay. You'll still be ahead of the millions of entrepreneurs who are working on the ineffective lessons taught at most business schools if you follow the lessons on the blog.

2. How can an ordinary person with limited resources create a billion dollar enterprise?

Many people are surprised to learn that a number of billion dollar businesses were originally founded as small enterprises funded with a few hundred dollars. That's what Sam Walton did in beginning the predecessor to Wal-Mart. That's what Sir Richard Branson did in founding The Student while he was still a teenager. He now better known for the Virgin brand. That's what Michael Dell did from his college dormitory room. Colonel Sanders got his start after he retired by pitching restaurants to pay him a nickel a head of chicken prepared with his 11 herbs and spices. He lived on his Social Security check (quite a small one) and slept in the back of his car at night.

What ordinary people who create extraordinary businesses have in common is that they establish business concepts that are so powerful that the concepts attract customers, supporters and funding like honey draws bears. If your business concept is good enough, everything else you need will be provided.

And that's what we focus on in this group . . . creating the world's finest business concepts. Such concepts usually don't have anything to do with providing better mousetraps. Instead, these business concepts are about providing what people already want in delightful ways that overcome barriers which denied access to the benefits to tens of millions.

So if you have the passion of someone who loves people, the curiosity of a Sherlock Holmes fan and a heart full of caring for those in need, you probably have the right stuff to create a billion dollar business. Funny thing about that description: It fits most people.

3. What's the difference between making a million and making a billion?

Most of the proven methods for making a million or a few million aren't appropriate for making a billion.

For example, you can develop a property-based business worth five million pretty easily by buying commerical real estate and keeping it rented. You do this by buying such real estate when interest rates are high and a recession is occurring and selling when interest rates are low and an economic expansion is still young. Stay cash liquid by being conservative, and you should do fine.

While many would believe you could just keep scaling that process up by 200 times and become a billionaire, that's unlikely to occur. You will either become so pinned down by operating an enormous empire of small buildings or you'll falter as you purchase large buildings that cause you to become undiversified.

Similarly in other operating businesses, the millionaire opportunities rarely scale into billionaire opportunities.

If you had to choose between learning to create a few million and creating a billion, which would you choose?

4. How has becoming a member affected entrepreneurs?

All members have reported that their initial business models have had to be substantially changed as a result of the six briefings that have been shared so far.

Most significantly, the members report gaining lots of benefit from the work so far in improving their business models and plans. They look forward to each week's directions with great enthusiasm.

We have held two global teleconferences. These have been helpful in introducing members to one another, sharing questions and ideas and exploring improved entrepreneurial ideas.

<>In addition, our plans have expanded to include creating sub-groups that operate in the world's leading languages other than English. Each sub-group will be headed by a member who is bilingual in English and that language. This will allow us to combine the best thinking of those from around the world, regardless of cultural background, to create billion dollar businesses more rapidly.

Most people report spending less than two hours a week on the master mind, but gain insights that will save them thousands of hours and millions in future expenses. It's a high payoff activity so far!

Those who join now can listen to MP3 recordings of the earlier global teleconferences.

5. How can I get a sample of what the organization does?

Nothing would be nicer than to let you sample everything the group does before joining. But the information the group is working on is so valuable, that would be like sharing part of the formula for Coca-Cola.

You can read, however, a sample weekly briefing that was posted on April 8, 2006.

The best we can do is to make members available to answer your questions. If you are a serious candidate for the group, we'll make that happen for you.

6. How many places are left?

We can only handle 8 new members a month. To add more would dilute the quality of the service. When we've added 8 members in a month, we start a waiting list.

In addition, we don't want people to fall too far beyond the rest of the group. We'll shut down the master mind within a few weeks because otherwise we'll just have new members who cannot fully participate. That's not fair to anyone.

We'll probably add only 16 more members to the English version of the master mind.
Then we'll probably shut down.

Over 55 people have already indicated an interest in joining. So we'll probably fill these slots with a waiting list in the next few weeks. Those who can make faster decisions will get in ahead of those who cannot. Those who wait too long will miss the opportunity to join this master mind.

Chances are that you'll have a hard time getting into this group. We would like to be able to help everyone. But that's not possible. We apologize for that, but that's reality. A service this good cannot be provided to everyone. It's just for the best and earliest who can take action. Such people make the best entrepreneurs anyway.

7. Where are the members located?

Most people are surprised to learn that members are based all around the world. Here's the current distribution:

Africa 30%
Asia 30%
Europe 10%
North America 30%

Currently, members represent 9 countries with multiple members in some countries.

One of the strengths of the organization is its ability to attract perspectives, knowledge and attention from entrepreneurs around the world. This is not just another U.S.-based organization.

8. Can I keep my information confidential?

Prospective members are naturally concerned that competitors not run off with their best ideas.

We protect against such problems in a variety of ways:

a. There is no required disclosure. You can simply keep all of your thinking to yourself.

b. Business model and plan evaluations are done by me alone. These materials are not seen by other members unless a member wants to share the information.

c. Competitors are not allowed in the group except if a member wants to add a competitor. This is to encourage openness and promote safety.

9. Should I join the group now or later?

Many prospective members find themselves in the middle of major projects or personal situations that are keeping them temporarily busy.

Joining sooner has several advantages:

a. You can spend a little time as you go and have more time to "sleep on" the questions the group is raising. Most of the weekly assignments can be read in less than five minutes. Have those assignments on your mind for occasional thought (we recommend just before retiring) and your subconscious mind will be creating solutions for you while you work on those near-term priorities.

b. You don't have to be concerned about being blocked by a competitor joining ahead of you and keeping you out of the group.

c. Fees increase for those who join later so the expense of the group is higher for them.


10. I've read all your books, articles and this blog. I'm looking for something new. What can I expect?

Much of the learning in the group will come from other members. You will find people who can help you solve problems because they already have done what you are thinking about . . . but in a different industry.

I also expect that many members will partner with one another to make faster progress where that's relevant. Two members already teamed up on the first global teleconference to start that process.

As for my work on entrepreneurship, I've never published anything on this subject that represents my core thinking. Although I will probably eventually publish something in this area, that is probably several years in the future.

Based on the materials I've seen so far, the simplest business models and plans in the group will be revolutionary in terms of besting the finest success models that many people are following today.

11. Do I have to want to create a billion dollar business to join?

Some people find that idea daunting. It's up to you how large you want to get. But our focus will give you the focus you need to create a billion dollar business. If you decide you want to shoot for something smaller, that's up to you.

In addition, some people are more excited by doing public good than making money. This information can also be used to create billion dollar non-profit organizations. We welcome those who would like to pursue these purposes.

12. What experience do you have with this sort of group?

I launched my first advanced learning organization like this in 1989, SHARE PRICE GROWTH 100. That organization was followed by LEADING CHIEF FINANCIAL OFFICERS, OUTSTANDING CHIEF EXECUTIVE OFFICERS and LEADING DIVISION PRESIDENTS. Members of these groups ran large operations for global public firms including some of the 50 largest companies in the world. All these groups have made major advances in best practices and provided remarkable benefits and value to members and their companies. This will be the fifth such organization I have founded, and The Billionaire Entrepreneurs' Master Mind will benefit from what I have learned in working in this area over 17 years.

13. What role will you play with members?

I see myself in several roles as follows:

a. Source of unpublished proprietary research on best practices for creating billion dollar businesses from scratch.

b. Coordinator of the group's activities.

c. Facilitator of member discussions.

d. Resource for those with questions.

e. Connector of members to one another and to my clients when such connections are likely to be valuable to members.

f. Attractor of attention for those who want publicity.

g. Objective commentator of business models and plans.

14. What is your billion dollar business?

I head the Four Hundred Year Project (see www.fastforward400.com) which is a non-profit, social entrepreneurship effort to help the world's people make 400 years worth of normal progress in only 20 years. Through a book I co-authored, The 2,000 Percent Solution, millions of people have already gained billions of dollars in economic and health benefits from solutions developed by those who have read and applied the book.

15. How can I learn more about The Billionaire Entrepreneurs' Master Mind?

You may call me with questions for a five minute chat at 781-647-4211 in Boston.

16. I'll never get around to working on this. I'm just too busy. Why should I join?

Are you really too busy to create a billion dollar enterprise? Surely some of what you are working on isn't as important.

And you may miss the chance of a lifetime if you wait.

17. How do I join?

The first step is to apply. I will be checking to see if your experience fits with and adds to the group. Seasoned entrepreneurs obviously should be part of the mix. But we have some room for imaginative, inventive entrepreneurs-to-be. Drawing on a variety of diverse backgrounds is good for each member.

I'll also need to know what area you plan to work on. That's to screen for possible conflicts with existing members.

After you have qualified to join, I can fill you in on the remaining steps.

Please let me know what I can do to help you.

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What are you doing today to start or develop your billion dollar business?

If you aren't working on that task, when will you?

How much have you learned about creating a billion dollar business since February 1? Our members tell us they've learned more than they learned in the rest of the lives combined.

The Billionaire Entrepreneurs' Master Mind will be adding a few members in February. If you want to be one of them, I encourage you to hesitate to procrastinate. While time passes, the value of your future enterprise is diminishing.

Here's how to apply:

1. Describe the market you want to address.
Competitors are excluded from the group, and we need to be sure that your plans aren't in conflict with a member's plans.

2. Tell us something about your background as an entrepreneur, executive or manager.
That helps us understand if your background will allow you to feel comfortable in the group.

3. Share what you want to learn by belonging to the group. This helps us understand if your agenda fits what the group will be working on.

Send your answers to ultimatecompetitiveadvantage@yahoo.com, and we'll respond within a few days. Label your subject line as "I Want to Apply to The Billionaire Entrepreneurs' Master Mind".

Pricing and more detailed information will be supplied to those who are qualified candidates to join.

Here's some background information to get you started:

I am going to lay out this subject in its simplest form. I invite you to add your questions as comments to this post. I will answer each one below so that others can gain from the same information.

Most billionaires don't try to launch their own new billion dollar businesses. Rather, they are more likely to invest in venture capital funds seeking high rates of appreciation. The odds are that of 30 businesses they invest in, 27 will never be worth much. Three will have some significant value . . . and none of them will become a billion dollar business.

Here's a typical situation:

The CEO of a start-up workstation company proudly displayed his products and business projections. An engineering consultant had validated the technical superiority of the company’s offerings. All would be well . . . if only another $30 million in capital could be raised to ramp up production.

A year later the company was out of business. Despite the company’s satisfaction with its offerings, not a single customer ever bought one of the company’s workstations. Investors were as unimpressed as the customers. The assets were sold off for two cents on the dollar.

Having met many successful and unsuccessful entrepreneurs, I am constantly reminded that entrepreneurs may have more optimism than good ideas. Most entrepreneurs emphasize one potential customer advantage in their approach. Their approach falters when the company cannot deliver that advantage, customers are unimpressed or a competitor eliminates the entrepreneur’s edge.

Here’s a better approach for the 21st century: Create the right three 2,000 percent solutions and you’ll soon have a business worth over a billion even if you are starting with limited resources.

The three 2,000 percent solutions are:

1. A way to increase the size of the market by 20 times by improving benefits and/or reducing prices;

2. Reduce the company and stakeholder costs to create and use the offering by 95% and invest some of the savings into more benefits not offered by competitors for customers and other stakeholders; and

3. Accelerate recruitment of new customers to 20 times the best rate of any competitors.

On the surface, that sounds like three times the work of creating one 2,000 percent solution. That’s right. But because the benefits multiply against each dimension, the effect is to increase profits by 800,000 percent over a conventional competitor. That’s worth three times the effort.

To make this process easier, I have decided to create The Billionaire Entrepreneurs’ Master Mind.

Members will develop new business models that combine the three essential 2,000 percent solutions into their business models. In doing this, they will be supported by their fellow entrepreneurs in the Master Mind and by me.

Each member will receive these benefits:

1. Detailed directions, examples and coaching for how to create these three 2,000 percent solutions.

2. Regular tele-seminars exploring the creation of superior business models built from these three 2,000 percent solutions and how to implement them.

3. Introductions to fellow master mind members with complementary interests and talents to pursue joint ventures and other collaborations.

4. Publicity about their ventures and introductions to investors where those benefits are desired and appropriate.

5. Twice a year evaluations of business models and plans.

6. The option to exclude potential competitors from the master mind while in the group.

The charge for these services will be one annual fee that covers membership for up to 12 months. All staff services for the master mind will be provided by me. I am co-author of The 2,000 Percent Solution, The 2,000 Percent Solution Workbook, The Irresistible Growth Enterprise, The Ultimate Competitive Advantage and the forthcoming The 2,000 Percent Squared Solution.

Please let me know what else you would like to
learn, and I'll do my best to help in future blog
entries.

Thanks so much for your support of this blog.
I'm delighted that so many tens of thousands
of people have made this blog part of their
regular reading habit!

If you like this blog, please let others
know who might also enjoy it. E-mailing
your favorite post to them is a great idea.

Thank you to my many friends, students,
clients and blog readers who are spreading the
good word about this blog.

If you are visiting today because someone
invited you, I'm delighted to meet you! Let's
stay in touch.

Remember to also visit

Live Spiritually Better than a Billionaire at http://livespirituallybetterthanabillionaire.blogspot.com/,

Enjoy Mansions Better than a Billionaire at http://enjoymansionsbetterthanabillionaire.blogspot.com/,

Enjoy Football Better than a Billionaire at http://enjoyfootballbetterthanabillionaire.blogspot.com/ and

Be a World Hero Better than a Billionaire at http://beaworldherobetterthanabillionaire.blogspot.com/.

I offer individual on-line tutorials and
in-person seminars
on creating 2,000
percent solutions (20 times the results with
the same effort), developing more profitable
business models and designing strategies that
work regardless of the business environment.
For information, contact me at
ultimatecompetitiveadvantage@yahoo.com.


I am available to you as a speaker on these
subjects. You can find my background at http://livebetterthanabillionaireon5dollars.blogspot.com/2005_08_30_livebetterthanabillionaireon5dollars_archive.html/.

May God bless you.

Donald W. Mitchell
Chairman, Mitchell and Company

Copyright 2006 Donald W. Mitchell