C-Suite Network™

Menu
Search
Close this search box.

Category: Skills

Categories
Best Practices Growth Parenting Personal Development Skills

7 Ways you can help stop boredom for your kids at home

“I’m bored.”

The words every parent recognizes — and likely dreads.

Our children are continually learning, socialising, and most have a busier calendar of birthday parties and playdates than we do. But, during the summer or less busy times, children often quickly find themselves looking for things to do.

From teens to tweens to little ones boredom is no stranger! We even get bored! Children aged between five and six years old are used to a structured routine. However, occasionally your routine may change or be less busy on some days or during holidays.

This leaves your kids not knowing what to do with themselves. Without an endless stream of activities to keep kids occupied outside of the house, here’s how to help them grow accustomed to days where there’s often a dull moment, so everyone stays sane.

Why your child gets bored

Boredom is a familiar feeling in children. Feeling irritated, unsatisfied, or uninterested by any activity can lead to boredom. Boredom occurs when your kid feels energetic but has no idea where to direct his energy. Boredom is a common complaint among children and adults, as well.

You or your child may become bored while engaged in an activity, due to:

  • Loss of interest
  • Confusing instructions
  • Fear of making a mistake
  • Repetition of the activity for too much time
  • Feeling unable to try new approaches to the activity

How you can use Conscious Parenting Guidance if your child is bored

Although you may too be feeling fraught at times with life so uncertain and a lack of any routine, it’s an opportunity to apply conscious parenting guidance, and not respond to them angrily or rudely.

Try these steps:

  • Don’t ask why your child is bored. That can be a roadblock in communication.
  • If your kids are frustrated, don’t respond in an angry or annoyed way. Take a deep breath and center yourself first.
  • Help your child recognize other emotional issues or feelings which you might have mistaken as boredom.
  • Ask open-ended questions to get their creative juices going.
  • Help your child find an engaging activity or one you can participate in together.
  • Your child may just be feeling bored temporarily. They may be trying to get your attention, or they may just want to play.

7 ways you can keep boredom at bay with your kids

That’s all very well, but what if your imagination of engaging activities is exhausted or you are busy and exhausted and do not have time to always entertain them?

Here are ideas for helping to stop the boredom at home.

Get Back To Nature

It’s the perfect opportunity to let their creativity thrive and spend some time nurturing plants and seeds which could grow in the garden or a window box.

Remember your childhood favorites

What about all the simple things you could entertain yourself doing for hours when you were a child. Maybe a good old fashioned paper airplane race?
How about finding a rope and skipping? Learning to hula-hoop? Remember all those rainy days you filled by playing hang-man?

Go High Tech

You don’t need to avoid all of the technology available. But as a conscious parent, you may want to guide your children towards some of the more socially conscious apps or encourage them to use their time on-line to build their blog.

Fix Things

How many items do you have on your fix-it list? Usually, we are time-poor, and it’s easier to throw something away and get another one when it breaks. This is the perfect opportunity to teach your child how to fix things. Maybe you can show your older children how to sew a button back into a shirt, or even learn together. There is an abundance of YouTube tutorials that will guide you through.

Music

Why not encourage your children to develop their music tastes? It’s the perfect time to explore their likes and tell them about a song of your favorite bands and songs.

Cook

What better way to get creative together than to cook together? You can concoct something from the cupboard, or follow a recipe along. It’s an opportunity to explore flavors and tastes and be present in making something creative for the family to enjoy. And, of course, if you’re baking, someone needs to lick the frosting from the spoon. It’s a rite of passage.

Put on a play

Or even a dance number. Learn it, perform it, and enjoy them getting into character and being someone else for a while. It’s an opportunity to learn empathy as they can see a situation from another’s eyes.

Why a little boredom can help your kids

These are all great ideas, but is a little boredom healthy for your child? Dr. Steve Silvestro says it’s essential to allow your child to be bored and that it can spark creativity — and that’s why some of us get our best ideas in the shower.

Doing the same routine every day, often at the same time of day, over and over again — it’s pretty dull in there. That dullness and monotony actually gives your brain freedom to wander and explore nooks and crannies of thought that you might not meander through at other parts of your day.

When children are bored, they have the luxury to allow their minds to explore in more detail. It gives the opportunity to get ingenious and creative.

Encourage your children to come up with some ideas themselves. You can build a “Thinking Spot” for your child. If you can create a space in your child’s room or a playroom with a comfy seat or pillow, paper & pencils, perhaps even small toys for inspiration, then when your child says that they are bored, suggest that she sit in the “Thinking Spot” and come up with ideas.

Boredom is completely normal. Dr. Dibya Choudhuri, a professor with the counselling program at Eastern Michigan University in Ypsilanti says we didn’t have a word for boredom until the 19th century.

It isn’t necessarily a bad thing. But very quickly it got a very bad rap. When children are left alone to figure something out, you’ll often be blown away by their ability to problem solve, and boredom gives this a chance to develop.

This is why it’s actually healthy to let your kids get bored for a certain amount of time.

Of course — none of this will stop the bleating cry of “I’m bored,” so it’s helpful to be prepared with your responses. Ignoring them doesn’t get you much peace. The best approach is to turn it into a positive. When you hear those fateful words, you can tell them, “I love it when I’m bored. I can get really creative with what I’m going to do next. I have time to think, and it’s up to me to do whatever I want to do.”

If you liked reading this blog post, then check out our blog post all about how to get some structure during chaos.

Categories
Growth Personal Development Skills

How Do You Cope with A Hyperactive Child

As every parent of a hyperactive child knows, no two days are the same. While we love our lively offspring with all our hearts, some days make your heart sing, while others can have you on your knees.

Knowing how to minimize meltdowns and misunderstandings comes with experience, but with the guidance parenting technique, you can incorporate tips into your family life that will not only sow the seeds for harmony but help you all flourish.

Many children with attention deficit disorder (ADD) and/or a hyperactive personality can be impulsive, restless, and find it hard to focus. They can also have mood swings and jump from one thing to another. This can have the knock-on effect of them finding it difficult in several situations:

  • Following instructions
  • Focusing on schoolwork
  • Completing tasks
  • Being organized
  • Social interaction

But their behavior and reaction to situations are often stemming from the internal rather than the external – they’re not just ‘acting up,’ despite what others may think. And let’s face it, 2020 is shaping up to be a head-burner for the most level-headed of us, so you need to go easy on your little people! So what can we do to help them navigate this confusing world?

Here are my Top 5 Tips When it Comes to Coping With a Hyperactive Child

Find a constructive way to channel your child’s energy

Children need to be active, especially hyperactive ones, so find a way that incorporates burning off energy with something fun. Does your child like soccer, martial arts, to read, or is obsessed with a particular topic or animal? Whether you sign them up to a craft activity, afterschool sports club, or make your own games, there are many ways to keep them busy and engaged – and often while they’re still learning. Focusing on sensory and/or play-based activities helps boost their concentration, memory skills, and skill development.

Treat Your Child as an Equal

Ever heard that horrid expression, “Children should be seen and not heard?” It’s an old adage drawn from the Victorian era, and that’s precisely where it should remain! In the olden days, when the world was still black and white, some people thought that showering affection on their children could ‘spoil’ them – the same as holding a baby “too much.” We’ve moved on since then, and research shows quite the opposite. Nurturing and trusting, dependable relationships are imperative for optimal early brain development. In the early months of a child’s emotional development, learning and attachment are woven together. Studies show that when the skin is stimulated from being held, it fires up the right side of the brain, whereby the child learns to trust. It’s crucial for this to happen so that individuals can learn. You should never try and mute a hyperactive and headstrong child.

Routine, Routine, Routine

An army-type regimen of strict rules and regulations can be too stifling for a hyperactive child. But having a regular routine, and keeping everyone on the same page and helping your child feel safe and secure. It could be as simple as waking up, going to bed, brushing teeth and having meals at the same time every day, and/or tasking them with chores. Hyperactive kids like to know what is ‘happening next,’ and it can help prevent boredom.

Be Your Child’s Advocate

When your hyperactive child is diagnosed (or suspected), everyone in your life suddenly becomes an expert on ADD. Parents, in-laws, siblings, teachers, well-meaning friends, the person in the shop down the road… even the way the dog raises his eyebrow can have you wondering if he’s silently judging you! You know your child best, and know what will and won’t work. And with the help of those closest to you and professionals and teachers, you can formulate a plan and ongoing strategy. Don’t be afraid to tell people to back off (however you want to phrase it) when their ‘help’ is unwelcome and potentially damaging.

Don’t Let Your Child Get Overtired

Fatigue makes children ‘testy’ at the best of times, and parents! When your hyperactive child is exhausted or overtired, they can lose self-control. Research shows that ten to 15 percent of children with ADD have trouble getting to sleep, which is twice the rate of those who aren’t hyperactive. Sticking to regular rest and bedtimes can help combat this. If your child is tired (maybe from physical activity or mental stimulation), let your child sleep or have quiet time if required.

Manage Aggression

Sudden defiant and aggressive outbursts can be frequent with hyperactive children. Up to 40 percent of children with ADD are estimated to be diagnosed with Oppositional Defiant Disorder (ODD). This can result in a pattern of disruptive, angry, and violent behavior. This can also include disruptive behaviors towards authority figures, parents, caretakers, and your child’s peers. ODD tends to be most common in boys before puberty but is equally common in both genders afterward. Working with a guidance parenting coach and cognitive therapist can help you handle your child’s behavior. Remember too that a child whose needs for autonomy and self-direction are being trampled over will appear as though they have ODD. They don’t! They are in the 3R’s (retaliation, rebellion and resistance).

Use ‘Guidance Discipline’ Instead of ‘Traditional’ Discipline

Most children, not just hyperactive ones, respond better with guided discipline, i.e. non-authoritarian discipline. While this kind of discipline can be more time consuming, your child will feel like they’re being treated respectfully and listening to them. This keeps the lines of communication open and means your child will be more cooperative than combative. The key points with guidance discipline are to have a strategy, use positive guidance, and ensure it’s carried out in a nurturing environment. You also need to be mindful of how your child is likely to respond. Remember, how you treat your child is, ultimately, how they learn to manage themselves. For tips on how to use guidance discipline, read the blog I recently wrote about it here.

Don’t Sweat the Small Stuff

It sounds simple, but with a hyperactive child, it’s essential to pick your battles. Losing your cool and shouting at a child suffering from ADD will only cause them to get more anxious and do more harm than good. Sick of always asking them to brush their teeth, put on their socks, shoes, tidy their room, etc? If they’re struggling with following these instructions, help them if you can. Make the activity fun, or offering a distraction or multiple choice can help, i.e, “Would you rather tidy up your room now or in an hour?” It’s also important to accept your child’s limitations but encourage their potential, and not compare them to siblings or peers, especially when it comes to their achievements.

Ask for Help

While everyone has tough days if it’s getting too much and struggling and feeling overwhelmed, reach out for help. You’re probably already getting advice from doctors and specialists. If not, make an appointment with one and keep searching until you find ‘the right fit.’ Don’t be afraid to lean on family and friends too.

You can also glean tips from a parenting coach or reconnect with your child by signing up for a course such as my Guidance Approach to Parenting, which begins September 28th, 2020.

If you enjoyed this blog, check out my blog post to identify if your child is suffering from anxiety. Click here now.

Categories
Growth Leadership Negotiations Networking Personal Development Skills Strategy

The Art of Networking – Bedros Keuilian’s Masterclass Video

Long John Silver’s is the #1 fast food seafood restaurant in the United States.

But, they’ve been struggling for decades. Long John Silver’s has lost over half their franchises since their peak.  Here’s why…

The Real Reason Long John Silver’s is Struggling:

The original premise for the chain sounded good, at least on paper. During a family, vacation, businessman and restaurateur, Jim Patterson had a flash of inspiration:

Bring the sunny seaside fish and chips eating beach experience from the coast, to families nationwide.

When the chain first started, Long John Silver’s made an effort to impart each location with a seafaring theme reminiscent of the company’s vacation-inspired roots.

The company’s heyday was a ten-year period from about 1979 to 1989, during which it grew from a footprint of one thousand units to an all-time high of 1,500 locations.

Watch the full story on this episode of Company Man.

WATCH:

 

Then a String of Devastating Decline in Market share…

The chain has been on a decline since at least 1989 when, in response to mounting debt, it first took its business private. In the three decades since, it’s been handed off from one unhappy owner to another.

They’ve also been plagued with bad marketing (often self-inflicted).

For example, in 2017 they’re marketing team posted a video of a hostage being beheaded with a swordfish in an attempt to “go viral”…

They were forced to issue an apology:

Graphical user interface, text, application Description automatically generated

On top of some marketing flops, probably the biggest failure is their lack of vision against the original mission to bring people into a coastal dinner experience.

 
Long John Silver's

You know that feeling you get when you have a craving for fried cod, but you also  want a root beer float and a chili dog? Apparently, not too many other could relate either…

In addition to loosing half their franchises since their height, they lost 300 locations over the last 5 years alone and another 60 during the 2020 COVID lockdowns.

While millions of Americans enjoy the convenience of fast food, it appears for Long John Silver’s target audience, they preferred the original quality experience and cheap burgers over fish sandwiches.

Categories
Economics Entrepreneurship Growth Investing Negotiating Skills Wealth

The Top 10 Times Mark Cuban Called Out the Sleaziest Frauds on Shark Tank

Hearing the phrase “you’re such a con-artist!” coming from the lips of a potential investor during a live pitch is defiantly not a good look (especially when it happens on live TV broadcasting to millions of viewers).

It happened 10 times when Mark Cuban publicly called out scams when he smelled fish oil on ABC’s Shark Tank.

 

 

Sharktank is the place where people’s dreams can become a reality or a total nightmare…

The television program features some of the world’s most successful investors which include: Mark Cuban, Keavin O’leary, Daymond John, Barbara Corcoran, and Lori Greiner.

Since the show debuted in 2009, there have been some pretty memorable pitches. Here’s a video that shows some of the most savage shark tank moments on that were called out at total scams.

Mark Cuban goes head to head with these entrepreneurs, even questioning their ethics. Here’s the 10 times Shark Tank’s Mark Cuban calls out the sleaziest frauds on Shark Tank.

 

So awkward…

 

WATCH:

 

 

 

 

For more information visit tylerhayzlett.com

Categories
Body Language Human Resources Management Negotiations Sales Skills Women In Business

“Never Again Be Vulnerable To Hidden Body Language Aggression“ – Negotiation Insight

“Reading body language accurately has many advantages. Detecting hidden aggression is one of them.” -Greg Williams, The Master Negotiator & Body Language Expert.

 

“Never Again Be Vulnerable To Hidden Body Language Aggression“

 

One member of a negotiation team said to the other, that meeting became ruckus quickly. At first, I couldn’t tell if the other side’s leader was being passive-aggressive, or if he perceived our proposals to be inappropriate or repulsive. But then, I knew he was upset by the body language gestures he emitted. They pointed towards outright aggression. That’s when I knew things were about to get ugly. What body language signs did you observe that indicated he was about to become aggressive, was the question asked by the man’s associate.

When someone’s about to become aggressive, do you know what signs to note? It’s essential to be able to understand the nonverbal and body language signals that indicate imminent hostilities. Doing so will allow you the time to deflect or redirect such efforts. Continue, and you’ll discover five body language signals that foretell pending aggression.

Blustering:

“I’m going to put my foot so far up your rear that it’ll come out of your mouth.” “Yeah! And what do you think I’ll be doing while you’re trying to put your foot up my rear?” Blustering occurs in many forms. When it’s verbal, it’s easy to see and understand. Because words are used to convey one’s sentiments, which decreases the misperception of one’s intent. But blustering also occurs through one’s body language. A person portrays it by puffing out their chest, extending the outreach of their arms on both sides, and even in the stance that slightly projects one foot slightly ahead of the other. In each instance, that person is positioning himself for the pending aggression that’s he’s considering. And, depending on how heated the environment, he may not be consciously aware of the behaviors he’s committing. And that’s why you should take note. By doing so, you’ll have the opportunity to temper his behavior before it reaches the point of uncontrollability.

Eyes:

Darting – When someone is agitated, and they begin quickly scanning the environment with their eyes, they’re in assessment mode. This gesture alone does not indicate pending aggression on this person’s behalf. But coupled with other signs such as flaring nostrils, protruding chin, and fist/hand flexing, darting eyes lends more credence to the probability that pending aggression is increasingly heightening.

Narrowing – When someone’s eye focus becomes narrow, they’re lending more emphasis on the subject of their attention. That means they’re blocking out other distractions to assess what they might do next to thwart the unpleasantness they’re experiencing. When you see someone narrowing their eyes on you, raise your awareness of their pending intent. They may be in the process of becoming aggressive.

Pupil Dilation – Pupil dilation is another silent display that someone exhibits when they get excited. Dilation can occur from the natural excitement one experiences from being in a pleasant environment too. But you can instinctively tell by someone’s demeanor if they’re happy or agitated. That’s also the insight to seek to determine if they’re becoming annoyed by an adverse action they perceive stemming from you.

 

Flaring Nostrils:

Nostril flaring is one of the most telling signs indicating pending aggression. A person flares their nostrils as a way to get more oxygen into their bloodstream. And in adverse situations, that can be the preparation leading to aggression. The more the person engages in that act, the more they’re preparing to become aggressive.

 

Chin/Jaw:

An outward thrust chin is a silent signal stating that the owner of the action is displaying his desire to take a portion of your space. Conversely, when people tuck their chin, they’re demonstrating the need to protect themselves. Thus, you should perceive the outward thrust of someone’s jaw as saying, I’m not afraid of you. If they take a step(s) towards you while displaying that gesture, they’re becoming more defiant and more aggressive. You can stand your ground or back up. If you hold your position, you’ll be stating with your action that you’re not afraid of them either  – now what? In either case, be aware of where tension resides and adopt the measure that’s best suited to combat it.

 

Hand/Fist:

Flexing – If you observe someone flexing their hand in a negative environment, it may be an indication that they’re attempting to loosen up to get more blood flowing to that part of their body.

Tightening – When someone becomes excessively exasperated, they stiffen their hands, which can turn into fists. Thus, while observing the beginning of someone’s hands flexing, note the moment when their hands turn into fists. A heightening in potential aggression has occurred at that moment. And the person may be a moment or so from lashing out at you.

 

Reflection:

Like a snake, you can observe the lynchpin behavior of someone that’s in the process of striking out at you. In the snake’s case, it emits signals through its rattle, warning you of pending danger. Then, if you don’t vacate the surroundings, he strikes you. The same is true of a human. Initially, he gives warning through his body language to get you to back off. And, if you’re persistent at making him feel uneasy, he’ll strike at you.

To avoid harm’s way, note the mentioned signs that lead to aggression. As soon as you sense a verbal or physical attack is imminent, become more observant about the pace of its escalation. And remove yourself from the environment if possible. If that’s not possible, adopt a posture that’s more or less threatening than what’s confronting you. And be aware of the effect this has on your nemesis. In some cases, it will cause him to increase his efforts. In other situations, it may be the form of de-escalation needed to subdue an explosive situation that’s in the making. Know the difference to determine the best action to adopt. Because the optimum word is control – and everything will be right with the world.

 

Remember, you’re always negotiating!

 

Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

 

After reading this article, what are you thinking? I’d like to know. Reach me at Greg@TheMasterNegotiator.com

 

To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here http://www.themasternegotiator.com/greg-williams/

 

 

#BodyLanguage #Aggression #vulnerable #Negotiate #Business #SmallBusiness #Negotiation #Negotiator #NegotiatingWithABully #Power #Perception #emotionalcontrol #relationships #BodyLanguageExpert #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions #GregWilliams #success #negotiationexamples #Negotiationstrategies #negotiationprocess #negotiationskillstraining #negotiationtypes #negotiationpsychology #Howtowinmore #self-improvement #howtodealwithdifficultpeople #Self-development #TheMasterNegotiator #Howtocontrolanegotiation #howtobesuccessful #HowToImproveyourself

 

 

Categories
Best Practices Biography and History Body Language Management Negotiations Skills

WATCH: Former FBI Agent Explains How to Negotiate

Take it from former spy hunter, Joe Navarro,  when it comes to winning any negotiating, everything begins with preparation.

“I think the biggest mistake is thinking that the little things don’t matter,” Navarro says. “From the moment you walk in, how you greet the staff, being attentive to others in the smallest of ways. Being polite, shaking hands, being mindful not to elevate emotions. Simple things.” It perhaps boils down to realizing that, if a negotiation is important to you, the people on the other side of the table, and their perception of you, is important too.

Joe Navarron’s 4 Tips to Negotiation Prep:

  1. Have a Specific Objective
  2. How to Choose Your Words
  3. Think of the Audience
  4. How to Anticipate Their Next Move

This video breaks down Joe Navarron’s 4 tips to prepare before your next negotiation.

WATCH:

 

 Who The Heck is Joe Navarro?

Joe Navarro retired from the FBI after serving as an agent for 25 years. He has been studying nonverbal behavior for more than 45 years and is the author of 13 books, including “Be Exceptional: Master the 5 Traits That Set Extraordinary People Apart,” “What Every Body Is Saying: An Ex-FBI Agent’s Guide to Speed-Reading People” and “The Dictionary of Body Language: A Field Guide to Human Behavior.” Follow him on Twitter @navarrotells.

  

Navarron Spent a Lifetime Master the Art of Negotiation…

Joe Navarro moved to the US at age 8 with his family shortly after the Bay of Pigs Invasion in Cuba. He later was accepted as one of the youngest FBI agents where he spent 25 years in counterintelligence and counterterrorism.

Through his work he was able to study, refine and apply the science of nonverbal communications. His acumen in this field and his success as a spy-catcher, led Joe to begin training FBI agents and the intelligence community.

Retiring from the FBI in 2003, and meeting overwhelming demand for his notable insights into human behavior, Joe has dedicated himself to speaking and consulting with major corporations worldwide.

Today Joe is recognized as one of the world’s foremost authorities on negotiations.

For more information visit tylerhayzlett.com

Categories
Best Practices Biography and History Body Language Entrepreneurship Health and Wellness Management Negotiations Skills

WATCH: How to Master the Art of Leadership Like Jim Rohn

Jim Rohn was basically the godfather of the motivation speaking industry and mentor to Tony Robbins.  He motivated and inspired millions to achieve their goals in pursuit of self-development.

Jim believed self-education knows no limits and has the potential to make you a fortune and it’s the key to self-fulfillment.

Think of all the greatest entrepreneurs of today, and in history… these are all self-educated people.

For all successful people self-education never ends, not after school, not after success or failure. Life is the classroom and the only goal is to learn and grow every day.

Here’s your daily dose of Jim Rhon in his speech that broke the internet…

WATCH:

 

For more information visit tylerhayzlett.com

Categories
Accounting Best Practices Culture Economics Entrepreneurship Health and Wellness Industries Investing Leadership Skills

How Rich Can You Get on YouTube?

Turns out, pretty rich actually. But how much money are we talking about?

For starters, according to a study, becoming a professional YouTuber has officially become the most desirable  jobs on the planet.

Which makes sense given some of the biggest YouTubers are generating more money than professional athletes.

The amount of money they are generating is pretty crazy. Here are some of the top content creators on YouTube with the highest earnings.

 

These Top YouTubers Are Making How Much Money?

  1. Ryan’s World — $22 million
  2. Jake Paul – $21.5 million
  3. Dude Perfect – $20 million
  4. Daniel Middleton (DanTDM) – $18.5 million
  5. Jeffree Star – $18 million
  6. Mark Fischbach (Markiplier) – $17.5 million
  7. Evan Fong (VanossGaming) – $17 million
  8. Sean McLoughlin (Jacksepticeye) – $16 million
  9. Felix Kjellberg (PewDiePie) – $15.5 million
  10. Logan Paul – $14.5 million

 

Which begs the question, how many views do you have to get on your YouTube channel to get a fat paycheck?

How Much Can You Make Off Your YouTube Videos?

YouTubers charge brands anywhere from $10 to $50 per 1,000 views, depending on the estimated amount of total views for the pending video. If the video hits 1 million views, then the YouTuber makes anywhere from $10,000 to $50,000.

Crazy right? But there’s a little more to it than that. Here’s the catch…

The Truth About Making Money on YouTube

The vast majority of YouTubers don’t make any money and despite how easy people think it is. Creating a quality YouTube audience and content is a hell of a lot harder than most people think. And it’s only getting harder…

It’s a competitive marketplace. As of 2022, there are more than 51 million YouTube channels out there. The number of channels is growing strong: last year it grew by 36%. People all around the world are creating a YouTube channel, and uploading 500 hours of video every minute.

But obstacles be damned, if you’re up to the task and are interested in cashing in on the billions of people tuning in to watch YouTube videos (and ads), here’s a video that breaks down exactly how to make money using the giant cash printing machine:

WATCH:

For more information visit tylerhayzlett.com

Categories
Accounting Best Practices Biography and History Economics Entrepreneurship Health and Wellness Industries Investing Mergers & Acquisition Negotiations Skills Taxes

How an Indian Businessman Lost a $42 Billion Fortune

Once the world’s 6th richest billionaire in 2008 with a net worth of $42 billion, Anil Dhirubhai Ambani, lost it all by 2019.

Here’s how…

Anil Ambani was born June 4th, 1959 in Bombay India as the youngest son of the founder of one of the most powerful companies on the planet. His father,  Dhirubhai Ambani, was the founder of a company called Reliance Industries Limited which today is doing $7.366 trillion as a conglomerate, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

WATCH:

https://www.youtube.com/watch?v=G_H-BoEfwjo

Dhirubhai raised his 2 sons to eventually take over the “family business”. Mukesh and Anil started as executives at Reliance in their twenties. The two couldn’t have been more different. Mukesh was more of a reserved family man while Anil earned a reputation as a flashy playboy who enjoyed rubbing shoulders with Bollywood’s elite.

 

Tragedy strikes the Ambhani family

Dhirubhai Ambani  passed away on July 6th 2002 of a sudden heart attack at the age of 69. At the time of his passing he was the 138th richest man in the world with a net worth of $2.9 billion.

Mukesh, the older brother assumed role of chairman and Anil took the office of Vice President. They were at each other’s throats almost immediately. Each had different ideas for what to do with the company and the two were making decisions without consulting each other.

It was a mess…

It became a real problem. So big that even India’s finance minister tried stepping in to get the bickering duo to make nice. After all, Reliance was one of the biggest economic powerhouses in India.

The sibling rivalry for the control for Reliance was resolved when the 2 decided to split the company down the middle. Mukesh would run the gas and petroleum businesses and Anil would run the communications and power businesses and ultimately leave each other alone.

 

Losing a $42 billion fortune

In 2008, Anil Ambani was at the top of the world as the sixth richest person in the world with a net worth of $42 billion.

But the proverbial sky was about to come crashing down.

That same year Anil Ambani made the decision to invest around $2 billion in advancing Reliance Communications Group, heavily leveraging his company into massive debt.

Then shit hit the fan…

In 2011, Anil’s Managing Director and two Vice Presidents were arrested on suspicion of conspiring to acquire mispriced mobile network licenses for companies Reliance Communications has invested in to illegally bolster the company’s share prices in an attempt to close the debt gap.

The following year In 2012, amidst scandals, Anil Ambani acquired even more debt to pay off the existing debts. Reliance Communications took a loan of over $1.2 billion from three Chinese Banks on Anil Ambani’s personal guarantee.

That’s one hell of a personal guarantee.

By 2016, many of Anil Ambani’s companies ran into debt and operational troubles. On the one hand, Reliance Power had to sell its assets. On the other, Reliance Communications lost 98% valuation in a period of just 3 short years.

RCom was unable to compete against the top reigning telecom companies and lost consumers. This brought down Anil Ambani’s net worth to $2.5 billion.

Still not a bad nest egg by anyone’s standards however, Anil Ambani’s Reliance Communication owed the Swedish network company, Ericsson, $80 million, which he failed to repay. Which shocker, lead to a major lawsuit.

In 2019, the Supreme Court of India ordered Anil Ambani to repay the debt along with interest or go to jail. In an unlikely intervention, Anil Ambani’s older brother Mukesh paid the money owed to Ericsson and yes little brother from going to jail.

Reliance Communications then filed bankruptcy in 2019. But Anil’s problems were still far from over.

He still owed over $700 million including interest to the 3 chinese banks he borrowed money from. In February 2020, Anil declared that his net worth has fallen to zero after considering his liabilities. He pleaded poverty and claimed that he didn’t hold any meaningful assets that could be liquidated to pay off the debts he owed to the Chinese Banks.

Who would have thought that a man who had a net worth of $42 billion in 2008 would claim poverty by 2020?

He still managed to turn out ahead. Today he and his wife Tina Ambani reside in one of the most luxurious homes in India. A 17 story home situated at Pali Hill in Mumbai.

WATCH:

Categories
Accounting Best Practices Biography and History Economics Entrepreneurship Health and Wellness Industries Investing Mergers & Acquisition Negotiations Skills Taxes

How an Indian Businessman Lost a $42 Billion Fortune

Once the world’s 6th richest billionaire in 2008 with a net worth of $42 billion, Anil Dhirubhai Ambani, lost it all by 2019.

Here’s how…

Anil Ambani was born June 4th, 1959 in Bombay India as the youngest son of the founder of one of the most powerful companies on the planet. His father,  Dhirubhai Ambani, was the founder of a company called Reliance Industries Limited which today is doing $7.366 trillion as a conglomerate, headquartered in Mumbai. It has diverse businesses including energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles.

WATCH:

https://www.youtube.com/watch?v=G_H-BoEfwjo

Dhirubhai raised his 2 sons to eventually take over the “family business”. Mukesh and Anil started as executives at Reliance in their twenties. The two couldn’t have been more different. Mukesh was more of a reserved family man while Anil earned a reputation as a flashy playboy who enjoyed rubbing shoulders with Bollywood’s elite.

 

Tragedy strikes the Ambhani family

Dhirubhai Ambani  passed away on July 6th 2002 of a sudden heart attack at the age of 69. At the time of his passing he was the 138th richest man in the world with a net worth of $2.9 billion.

Mukesh, the older brother assumed role of chairman and Anil took the office of Vice President. They were at each other’s throats almost immediately. Each had different ideas for what to do with the company and the two were making decisions without consulting each other.

It was a mess…

It became a real problem. So big that even India’s finance minister tried stepping in to get the bickering duo to make nice. After all, Reliance was one of the biggest economic powerhouses in India.

The sibling rivalry for the control for Reliance was resolved when the 2 decided to split the company down the middle. Mukesh would run the gas and petroleum businesses and Anil would run the communications and power businesses and ultimately leave each other alone.

 

Losing a $42 billion fortune

In 2008, Anil Ambani was at the top of the world as the sixth richest person in the world with a net worth of $42 billion.

But the proverbial sky was about to come crashing down.

That same year Anil Ambani made the decision to invest around $2 billion in advancing Reliance Communications Group, heavily leveraging his company into massive debt.

Then shit hit the fan…

In 2011, Anil’s Managing Director and two Vice Presidents were arrested on suspicion of conspiring to acquire mispriced mobile network licenses for companies Reliance Communications has invested in to illegally bolster the company’s share prices in an attempt to close the debt gap.

The following year In 2012, amidst scandals, Anil Ambani acquired even more debt to pay off the existing debts. Reliance Communications took a loan of over $1.2 billion from three Chinese Banks on Anil Ambani’s personal guarantee.

That’s one hell of a personal guarantee.

By 2016, many of Anil Ambani’s companies ran into debt and operational troubles. On the one hand, Reliance Power had to sell its assets. On the other, Reliance Communications lost 98% valuation in a period of just 3 short years.

RCom was unable to compete against the top reigning telecom companies and lost consumers. This brought down Anil Ambani’s net worth to $2.5 billion.

Still not a bad nest egg by anyone’s standards however, Anil Ambani’s Reliance Communication owed the Swedish network company, Ericsson, $80 million, which he failed to repay. Which shocker, lead to a major lawsuit.

In 2019, the Supreme Court of India ordered Anil Ambani to repay the debt along with interest or go to jail. In an unlikely intervention, Anil Ambani’s older brother Mukesh paid the money owed to Ericsson and yes little brother from going to jail.

Reliance Communications then filed bankruptcy in 2019. But Anil’s problems were still far from over.

He still owed over $700 million including interest to the 3 chinese banks he borrowed money from. In February 2020, Anil declared that his net worth has fallen to zero after considering his liabilities. He pleaded poverty and claimed that he didn’t hold any meaningful assets that could be liquidated to pay off the debts he owed to the Chinese Banks.

Who would have thought that a man who had a net worth of $42 billion in 2008 would claim poverty by 2020?

He still managed to turn out ahead. Today he and his wife Tina Ambani reside in one of the most luxurious homes in India. A 17 story home situated at Pali Hill in Mumbai.

WATCH:

 

For more information visit tylerhayzlett.com