June 7, 2017

Items in italics are direct quotes from the articles below

http://www.cnbc.com/2017/05/05/owner-of-americas-top-small-business-says-what-it-takes-to-succeed.html

The last week has been pretty incredible for the Maui Brewing Company. The U.S. Small Business Administration named co-founders Garrett Marrero and Melanie Oxley the National Small Business Persons of the Year. Online media brand Thillist named Maui Brewing Company the best craft brewery in the state. Two of its brews were recognized in the Los Angeles International Beer Competition and four of its brews got medals at the San Diego International Beer Festival. The recent accolades feel great, according to co-founder Garrett Marrero, 38. But what people don’t understand, he says, is how much work went into achieving that success. “I have had the comment, ‘Oh, it must be nice,’ sometimes. And I hear that, from someone and I am like, ‘You know what, yeah, it is nice. We have a nice home, it’s great to run a company like we do and to work with the people we do but the sacrifice that we put in? It meant no vacation, it meant being broke,” says Marrero. “If it was easy, everybody would be doing it. And it’s much easier to be on the other side of the fence pointing back at a successful business saying, ‘Oh yeah, that would have been so nice, I wish I would have done something like that.'” Morrero was working in San Francisco in finance when he decided to move to Hawaii in 2004 with his at the time girlfriend and now wife and business partner. In 2005, he started the company as a small brew-pub in 2005. A few years later, the company expanded into retail sales. By 2013, the Maui Brewing Company hit $10 million in sales. In 2016, it did between $12 and $16 million in revenue (Marrero declined to be more specific) and this year, it expects to do $20 million in sales. Currently, it has almost 400 employees. By the end of 2018 or early 2019, it plans to have opened additional restaurants and be employing 700 people. Maui Brewing Company’s success was buoyed by the rise in popularity of craft beer in the time since it opened, says Marrero. In 2005, there were 991 brew-pubs, 354 microbreweries, and 49 regional breweries, according to the Brewers Association, an industry organization. In 2016, there were 1,916 brew-pubs, 3,132 microbreweries and 49 regional breweries. The company isn’t successful just because of the owner’s commitment, its success is because of the commitment from every single employee. When the company sold off its old production space to two couples wanting to launch a start-up craft brewery, Marrero said “”I was very clear, I said, ‘This is going to be the hardest work you have ever done,'” he says.” ‘You are going to cry, you are going to bleed, you are certainly going to sweat here. Just be prepared, this is not going to be easy. You look at what we have today, that’s not the way it was five, six, seven, 10 years ago. If you are not ready to give it 110 percent every day, day in, day out, then running a business isn’t for you.'” In addition to putting commitment into your business, you also to have goals, and believe you will accomplish them. “If you don’t set out with the vision of being successful, you are going to fail,” says Marrero. “We were not willing to quit. The vision had to be focused like a laser in order to really get to where we are.”. Where there is no vision you will perish. Your vision and mission will drive you. If you wrap your vision and mission around the lens of eternity and legacy you will have a foundation that will give you the energy to keep moving forward even if it’s slowly.

http://www.investopedia.com/investing/marijuana-stocks/

Some people may envision the legalization of marijuana as an opportunity for someone like Philip Morris to start selling marijuana cigarettes. It’s much closer to the truth to say that marijuana is showing potential for medical uses, and companies that are developing medical applications for the plant stand to gain in the marketplace. The rush to get in on the marijuana craze has created hundreds of startups. The odds are that many of these will fail. The winners so far are established companies that are adding marijuana to their focus. Even the winners have seen drops in price lately. We have selected four marijuana stocks that have the potential to make significant gains. These stocks were chosen based on their array of marijuana-related products. These products are either in use or awaiting FDA approval. All figures are current as of June 12, 2017. The four stocks to watch are: ABBV, SMG, CRBP, and INSY. AbbVie Inc is a pharmaceutical company that currently has a cannabis based drug on the market. The FDA approved Marinol, which helps alleviate nausea or vomiting for chemotherapy patients. The drug also helps AIDS patients who have lost their desire to eat. This product is not the main product for the company. ABBV has reported increasing revenues in the past four years. In addition, its operating income has been increasing steadily. The company is benefiting from a host of useful drugs, including Marinol. This is a way to play the marijuana trend without incurring 100% exposure to the plant. Scotts Miracle-Gro Company which is known for its lawn and garden-care lines, the company is developing products for cannabis growers and also several pesticides for use on marijuana plants. The author recommends watching this stock rather than buying. Corbus Pharmaceuticals is a stock that has been volatile over the past few years. Resunab, which is designed to treat sclerosis, has had promising trials. The stock has tended to dip just before trial results are announced, then rally when the results are positive. Now Corbus is testing Resunab as a treatment for cystic fibrosis. The pessimism/optimism pattern will continue to play out as this drug is tested yet again. The company has negative operating income, and revenues are close to zero. Corbus is a company depending on the success of a single drug that could make or break it. In my opinion, this stock is a high-risk stock, and if you invest in this stock have a short-term strategy to invest for the capital gains. Insys Therapeutics, Inc. is in the process of developing a synthetic cannabis drug to treat childhood epilepsy. This company markets many non-canabis drugs. The company is also developing a spray technology to deliver the pharmaceutical based canaboids. Biotech stocks will normally exhibit volatility. It is best not to invest based on enthusiasm over marijuana, and keep a level head about actual results from drug trials. The pesticides angle is interesting, but such a product would have limited sales until marijuana is legalized nationwide. Know your asset class and focus your asset acquiring strategy to build your investment portfolio.

If you are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included PROVE YOU CAN DO IT – Motivational video from MulliganBrothers YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG

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April 26, 2017

Items in italics are direct quotes from the articles below

http://www.businessinsider.com/11-mental-habits-to-give-up-if-you-want-to-succeed-2017-4

Stop waiting for happiness and success — you can start achieving them in the present by giving up these toxic things. When we aim to become happy and have a successful outlook, we often focus on getting to the next station in life. Happiness is seemingly always “someday” in the near-distant future — like once we finally land that promotion or find the right partner. I’m a huge proponent of setting new aspirational goals, but I also know the severe importance of having a positive outlook on life. Your inner-happiness needs to be harnessed in the present, so you can use the power of positive thinking to reach those new heights eventually. When you solely focus on the future to be happy, you end up ignoring the toxic habits and attitudes that could be dragging it down in the present. It won’t be a cakewalk, but it is possible to harness a successful and upbeat outlook now with some shifts to your mindsets and habits. The 11 habits you need to give up if you want to succeed are: give up FOMO, give up unrealistic standards of perfection, give up on expecting praise from others, give up on negative self-talk, give up on being defensive, give up the scarcity mindset, give up on being set in stone, give up the short-term mindset, give up on the negativity of others, give up comparison, and give up self-doubt. FOMO stands for fear of missing out. It’s important to evaluate each decision before you make one and not let the fear of missing out govern your strategy. Don’t let your identity be determined by what others think of you, have the courage to see the abundance of life, stay focused on your path, and be flexible. Each mental habit the author encourages you to give up is a negative self-habit on how you respond to the world around you. No man is an island, and we genuinely do need each other at some point to survive. Studies estimate that we say 300 to 1,000 words to ourselves every single minute. If you engage in negative self-talk, that’s a lot of nasty words being thrown your way. That’s why none other than the U.S. Navy SEALs swear by positive self-talk as a way to take on a strenuous day, and to avoid negativity. When their oxygen flow is suddenly cut off underwater, SEALs are able to tough it out by telling themselves that everything is fine and thinking positively. So you can probably also use this tip to get through a day at the office. To start, tell yourself how great your day is going to be as you’re riding the subway or driving down the freeway. If you start encountering a rough morning, go outside for a few minutes and repeat some more positive affirmations to yourself.  If you aren’t in the habit of using positive words for yourself then I suggest you find books that have positive themes. Personally, I believe in taking the time to read the Bible. If you take the time to read the book of Proverbs, you will be filled with a wisdom that can truly impact your life. All habits can be changed even if it’s one small step at a time.

http://www.investopedia.com/advisor-network/articles/how-market-pricing-should-fit-your-investing-strategy/

The investing world can be a scary place. It can also be exciting. At times, it can seem like there’s nothing to it, and at other times it can seem like the most complicated thing you’ve ever done. All of the thoughts and emotions that are part of investing are enhanced because, after all, you are putting your money and your financial future at risk. Risk and reward go hand in hand when you invest. You can be very conservative and not subject your investments to much risk, but then you are not going to get much in the way of return on your investment dollars. Or you can take a lot of risk, looking for the proverbial home run. That approach can lead to stellar returns, or it can lead to distressing losses. So what is your strategy when it comes to investing your portfolio? Are you actively looking for that one piece of information that will give you the edge you need to catch the next wave of increasing prices of your favorite tech stock? Or maybe you suffer from “paralysis by analysis,” overwhelmed by the information flow and its potential impact on your portfolio? (For related reading, see: Information Overload: How It Hurts Investors.) A newly formed strategy is investing based off President Trump’s tweets. There are a wide range of strategies out there, and this article is devoted to introducing you to the strategy that the author uses. The first building block in the science behind this investment philosophy is the need to embrace market pricing. While that sounds a little complicated, it’s really not at all. It simply means that the financial markets are very efficient and that all of the information available on a particular stock, bond or other investment is reflected in the current price. Millions of investors around the world buy and sell investments every day, and the information they bring to the markets helps to set prices. When some new information affecting an investment comes out, it is immediately factored into the price of that investment. Let’s use the price of Apple stock as an example. If Apple is coming out with a new iPhone soon, you know about it, we know about it, and millions of people around the world know about it. There is no way to profit from any kind of information edge that you might think exists, even if it is only temporary. That’s why it’s not a good idea to run out and buy Apple stock when you hear the news. Years ago, there may have been some pieces of information that took time to work through the markets, but with today’s technology, that time gap has disappeared. Many of us have alerts on our smartphones that let us know in real time when some important news has been released. (For related reading, see: How the Internet Has Changed Investing.) The author recommends using an evidence-based investment strategy, and this strategy requires humility. You must be humble enough to know that you will not know more than the market. I recommend that you find the asset class you are passionate about, and research it in depth through experience, talking with others experienced in that asset class, and vigorous research either online and or through books. Once you have your investment strategy, make sure you have a good mix of assets. Your assets should have two basic strategies one for insurance, and one for wealth-building. The goal is to always look at your strategy through the lens of eternity and legacy. Think about your children’s children and the impact on the world around you.

If you need are interested in creating a budget, then contact me for a financial checkup in the contact me section. Also, learn more about the self-lending principle in the mustard seed section.

For this week, I’ve included 50 Rules & Advice From Successful Billionaires and Entrepreneurs from Motivation Archive YouTube channel.

“If you think you know it all, you’re a fool for sure; real survivors learn wisdom from others.”

Proverbs 28:26 MSG