Matt Bacak: Secrets of the Internet Millionaire Mind

I just read Secrets of the Internet Millionaire Mindby Matt Bacak who brands himself as the “Powerful Promoter”.

Matt is an incredible guy who started his first company with employees at the age of 12!

Here are two nuggets I thought might benefit you and your business:

  • Internet millionaires ask questions beginning with what and how … but not why! Matt Bacak said that ‘why’ reminds us of childhood days that we often are asked, ‘Why did you do that?’  Instead, ask questions like ‘What are my goals?’ and ‘How do I get there?’
  • Internet millionaires use two magic words: systemize and monetize. As an engineer by training, I particularly like the term ’systemize’. In business too, if we can systemize what we want to do, our business or work would become process-dependent rather than people-dependent. With a system, when you put in a certain input, you are guaranteed a certain output…  As I write, that reminds me of The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It - that I would recommend anyone who wants to start or own a small business to read from cover to cover!