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Saturday, July 25, 2009

Don't Start A Business , Start An Income Stream...

Professionals advise that startups should do a careful cost analysis and consider every cost including hidden ones. Double this figure and prepare for a year and a half without revenue for initial outlays . What however if you chose a wrong niche/business or even a partner ? Can you scale the business and keep it moving forward ? Will retooling, further skill development become necessary ? Battleplan and Strategy ? If everything fails ? Can you survive falling down seven times and getting up eight ? Your self-esteem is your most important resource in financial survival. With the spectre of tightening credit , declining home equity , erosion of corporate, social and other safety nets coming out of the woodwork our cash resources could be at death’s door fast . There’s a better , less risky alternative. Start BUILDING AN INCOME FIRST , plant an income tree that generates cash flow NOW and when you are in flight THEN go into or build your business afterwards . Some people in my circle of friends are living debt free having worked with just Clickbank Products and Adwords Campaigns not long ago ! Here are two doors you might want to walk through on and make them your silk road to independence. Become a gazelle for your cause. No business had been or is immune to hard times but if your ship goes down this way you haven’t lost the Titanic ! Don’t stop too long to smell the flowers ; get down to what Mark Twain , the writer – lecturer said :
“ Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream . ” [ 1835 – 1910 ]

Income Stream

Don't Even Think About Failing!

William Smithsburg, Chairman Of Quaker Oats, took responsibility for two "mistakes" - the acquisition of a video business he has since closed down, and a pet-accessory business he bought and had to write off.He told his employees:"I want you to take risks.There isn't one senior manager in this company who hasn't been associated with a product that flopped.That includes me.It's like learning to ski.If you are not falling down you're not learning."