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Do What You Can. Hire What You Can't.

Mar 13, 2008
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 has many passions. She loves people, sports, teaching, money, play, dinner parties, wine, and fun. Everything she touches seems to become a passion to her. Growing up on a farm in Nebraska taught Loral never to "ask" for money, but that's exactly what she does today. She teaches others to do it as well, and she turns some of them into 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 became a millionaire in her 30's after starting her own business as a teenager. How? Plain and simple: she asked for money. One of her passions had always been sports and fitness, so she decided to become a personal trainer. In college, she taught her friends how to host aerobic workout sessions.

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.

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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