Meet up with Robert Kiyosaki
This was an exciting month for the continued growth of MTC Rentals. We went down to Phoenix AZ to attend the mastermind with Robert Kiyosaki and his advisers. It was a great experience to see the author of Rich Dad Poor Dad. I highly recommended this book for everyone entering a business or interested in building wealth.
We want to thank all the people we met while down in Phoenix especially the Albertans and BCers working to improve their businesses.
Dion Siluch
Tuesday, 1 March 2016
Sunday, 31 January 2016
Grande Prairie Success Story
Success Story
Today's success story comes from our local community, Joe lives in Grande Prairie and recently added a new MTC to his service. Thank you Joe for your support and purchasing a Pre Owned MTC from us.
Posted by
Dion Siluch
MTC Rentals
Today's success story comes from our local community, Joe lives in Grande Prairie and recently added a new MTC to his service. Thank you Joe for your support and purchasing a Pre Owned MTC from us.
Posted by
Dion Siluch
MTC Rentals
Friday, 1 January 2016
Delivery into Northwest Territories
Delivery into Northwest Territories
Ever wonder how the far north gets their
internet? That’s right, a new fiber optic line is being installed heading into
northern Northwest Territories and MTC Rentals is proud to be involved.
This week we delivered 3 fully stocked
Mobile Treatment Centers to the workers that will be installing this new line.
I’ve personally never done a trek this far so I went on the 3
day journey myself. The drop off point was 18 hr drive north of Grande Prairie
on the ice roads of north of Fort Simpson.
PICS BELOW
Wednesday, 2 December 2015
Dion's Favorite Quotes
Dion's Favorite Quotes
1) I find it fascinating that most people plan their vacations with better care than they plan their lives. Perhaps that is because escape is easier than change - Jim Rohn2) There are two rules for living in harmony, number 1, don't sweat the small stuff, number 2, it's all small stuff - Richard Carlson
3) What I lack in intelligence I make up for in persistence - Grant Cardone
Dion Siluch
DS - Choose to win!
Thursday, 29 October 2015
The "Work Hard" Mentality - By Dion Siluch
The “Work
Hard” Mentality
During my early teenage years I often had
to do a lot of chores around the house as in any typical family. There would be
rewards for doing each task and a dollar figure attached to the amount that
would be paid when each task was completed. In hopes to build a strong work ethic spent
endless hours completing task around the house as any teenage boy would do.
The problem was my parents didn’t see the
underlining lesson they were teaching me about money: work hard for money!
The reason I write this blog today is because
an entrepreneur should NEVER work
hard for money. Let me explain.
An entrepreneur should leverage his or her
ability to think and use other people’s time and money. A common abbreviation is OPT
or Other Peoples Time. The first experience I had using OPT was at the early age
of 13. The story goes like this…
I clearly remember one day at school in
grade nine when my friend Cody needed some extra cash for a video game he
wanted to purchase. At the time my mother was paying $20 to mow the lawn. The
issue was that I hated mowing the lawn. It was hot outside and I had better
things to be doing.
During a conversation on the school bus with
my Friend Cody I offered him to mow my lawn for $10. I could make a quick $10
and he could earn $10 towards his video game. This seemed brilliant in my mind and
he had no problem coming over for the evening.
We headed up the street to my house which
sat the peak of a mountain overlooking the beautiful valley. I clearly remember
telling myself I didn’t want to be involved with mowing the lawn; instead I
wanted to teach Cody how to do the chore from start to finish. I showed him
where the mower was, how to fuel it, how he should cut it, where to put the grass, and so on.
Everything was going as planned until my
mother stepped out of the front door and saw my friend mowing the lawn while I
was watching and drinking an iced tea. She was furious! She started raising her
voice and telling me that was my job to mow the lawn.
She couldn’t believe I would give someone
else my chores and take a cut of the money. She even told me that it was
stealing. I was confused, I didn’t think she would be so upset… the lawn was
getting mowed correctly and on time.
She walked over the Cody, turned off the
lawn mower and demanded I finish the job. I tried explaining to her I didn’t
want to do it and Cody needed the money. But my efforts were useless. I was
punished and had to mow the lawn every week for the following 2 summers.
This incident stuck with me for a long
time. I believe it had a true impact on my ability to properly outsource work I
didn’t like doing. When I finally started my first business at 21 I often did
all the work myself. I wore multiple hats in the company, including the ones I
was not good at.
Then I heard a quote I’ll never forget “Do what you do best and write a cheque for
the rest”.
My mother had been an employee her entire
life and was programmed to work hard for money. This is a concept that does not
work well for entrepreneurs. I would highly recommend visiting cheap outsourcing sites like Fiverr.com and MyTasker.com to get help get those undesirable tasks done.
As my business coach always says... Using
other people time is a key to starting and running a successful business.
Dion Siluch
Choose To Win
“Do what you do best and write a cheque for the rest!”
Labels:
choose to win,
Dion Siluch,
Industrial Ambulance,
Lease,
Mobile Treatment Center,
MTC Rentals,
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Location:
Alberta, Canada
Tuesday, 29 September 2015
Sunk Cost Fallacy - By Dion Siluch
Sunk Cost Fallacy - by Dion Siluch
If you are unfamiliar with this term then
you are about to learn a powerful tool. This first was explained to me by my
friend James Konduc while I was working on my first successful business. I was
developing the systems to my ambulance rental business and was exploring
different solutions for doing online reservations similar to what current car
rental companies were doing. I found a developer in India to start the project
from scratch and quoted me $6,000. They wanted a third of the price upfront, a
third in the middle and the last third upon delivery of the project. This is
very typical of programmers especially overseas.
The problem I ran into was the quality of
their project. To be frank it absolutely sucked. It was like they were using an
excel spreadsheet online to create the entry points and had no idea how the
system was supposed to work. We were 4 months into the development and I had
paid these guys $4,000 of my hard earned money for their product that was maybe
half of what I was looking for. My only thought process was “wow this is harder
than I expected”. Working with developers to program something that I
envisioned in my head was very difficult to communicate. It doesn’t look or
feel the way I want it to and I had already invested $4,000 into the
development. No wonder companies like Enterprise spent millions of dollars on
their online programming and systems, how am I supposed to compete?
Then I found this useful website
capterra.com. I decided to search for a program that might have already been
built for what I was looking for. And it turns out there were dozens of them.
All different types of rental software programs for every industry you could
think of. Equipment rentals, car rentals, airplane rentals, limo rentals, boat
rentals, even camera rentals. I found multiple price points and different fleet
sizes that each program could handle.
I tried a demo with a promising fleet
program and it turned out to be $800 all in. Well I could have used this info 4
months ago I thought. The next big hurtle was dropping the current project and
buying into this one. But I had already invested $4,000 into this project and I
didn’t want to lose my money…
The sunk cost fallacy theory goes like this,
a sunk cost is any past cost that has already been paid and cannot be
recovered. Therefore, any invested time, money or energy into a current project
or person will create an emotional attachment to continue down the path until
completion of that particular investment; even if the solution is less
desirable.
Here are some examples
I might as well keep eating
because I already bought the foodI might as well keep watching this terrible movie because I’ve watched an hour of it already
I might as well keep going to a bad/useless class that I paid for
I might as well continue dating someone bad for me because I’ve already invested so much in them
It’s easy to understand in hindsight that
the decision was clear but the truth is we all get caught up in this phenomenon.
I had to bite the bullet and cancel the India project short. It never feels
good spending money on something that brings absolutely no value to your
company. But the lesson was clear: STOP
INVESTING MONEY IN SUNK COSTS
Friday, 1 May 2015
Mobile Treatment Center - Industrial Ambulance Rentals
MTC Rentals - Mobile Treatment Center Rentals
Rent or Lease - Click Here
Labels:
Industrial Ambulance,
Lease,
Mobile Treatment Center,
Rent
Location:
Alberta, Canada
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