Action Hero and Few Steps Back

Action Hero
Phil Romano, the man known for Fuddruckers and Romano's Macaroni Grill, is under the dissection of this week's action hero. He has brought up so may great points in his video, (found here). Some of the principles that I picked up were:

• Create Things: Creativity is important. Phil Romano, in his spare time, spends time doing art. He finds it is a way of tapping into one's own creative sphere. This will allow for logical thinking, creatively. 
• Lesson: Find out what people want and need, and create something off of that idea. He reminisced about a time he delivered paper, and created a personal service, earning $25 dollars a week. 
• Be Serial: Doing the same thing over and over again can be tiresome. He was a serial entrepreneur, finding opportunities and taking advantage of them whenever they came. 
• There is only one life: This is living life to its fullest potential. Not having regrets, and being able to accomplish one's goals and desires. Life is short, life is only once, so take advantage of your time.
• Fear is a great motivator. I thought this was interesting. The idea of fear is the opposite of faith, which I am an adamant believer in. But the idea of fearing failure, and working towards back-up plans, being provided for, and overcoming the idea that failure could be imminent is what fearing is. With this idea, we would want to overcome failure and be able to respond and prepare for failure is utilizing fear as a tool.

So those were some things that I was able to learn from Phil Romano. 

$100 Dollar Challenge
The next step for the $100 Dollar Challenge: Create a Elevator Pitch. As this is the next step for the $100 Dollar challenge, I have put a lot of thought into my current venture. I don't like it, just yet. It is a young idea, and I feel that I need to do more research into it. But, I do have a backup plan. I am changing it into Media Pro. This business will tend to various organizations involved with audio. In the audio industry, not the music industry, there is a need for audio cables. What I want to be able to do is create custom cables and resale that to customers. Audio cables bought at stores run from $10/15 to $45-100+. This is great, if you are looking for a generic spec cables. There are many audio cables, various cable connections, etc. The business would utilize your specific specs, create them, and ship it out. I would also integrate a replacement program to give those that want to replace their cords a discount of a purchase. This plan is more thought out, what do you think?