In the world of business, there are some truths in the marketplace and the Power of Broke is one of them. The Power of Broke written by Daymond John of FUBU and seen on the Shark Tank was published by Crown Publishing, NY, 2016. The Power of Broke is how empty pockets, a tight budget and a hunger for success can become your greatest competitive advantage. Mr. John wrote a number of principles and they continue:

# 5  Put All Your Passion and Purpose behind Whatever You are Doing.

At the end of day, people are buying your product or service because they trust in you. People want to invest in people not just a product or service. What you do and how you project your decisions help you in see the trust factor.

# 6  Take Time to Understand and Appreciate the People You Meet on Your Path to Success

As the business goes forth, you will meet all kinds of people – investor, distributor, vendor, perspective buyer, customer, advice giver. They all want you to succeed and if you show them you are rooting for them, then other things can happen.

# 7  Think beyond the Moment

Find a way to support your vision with logic, data, and realistic projections. Wishful thinking and conjecture have a way of working against you and breaking you in a bad way.

# 8  Make the probability of your success a natural part of your Thinking. Expect it … will it be so.

This is the positive thinking – good things happen to those who expect them to happen. Now that does not mean winning the power ball lottery, but it does mean you train yourself to keep your goals in sight and in reach and you believe you can do it.

The things you should be continually doing is:

Set a goal

Do Your Homework

Adore what you do

Remember, you are your brand

Keep Swimming     (Daymond is a member of the Shark Tank)

In a book similar to Mr. John’s there are lots of stories about people who overcame barriers and succeed. It means it is possible and there will be lots of barriers against you but it you are solving a problem, people will want to hear about it.

Linking to dividend paying stocks, all companies go through cycles, some are regulated and they still can make money even if they do not seemingly do the right thing. However, when you find a company that sets goals, does their homework, their people seem to love what they do and they make a profit on a yearly basis – how good is that. There are companies that are out there and when you invest in one it is easy to buy and hold.

There are more questions than answers, till the next time – to raising questions.