- Find a product line of very frequently used and always needed products.
- Do not stock any products unless you are making them yourself. Otherwise find a reliable manufacturer in the USA like us (A to Z Global Marketing Inc.) that will manufacture and drop ship for you which will save you tons of money and hours of labor, and you can focus mainly on sales. A business like that runs almost on autopilot if you have a great product and a great supplier like our company that will even drop ship our American made products for you.
- Once you start to prove your concept and start showing a profit you can incorporate your business and start taking some pretty profitable tax deductions that the ordinary person cannot. Things like car payments, computer purchases, video cameras, advertising, Internet service fees, portions of your home expenses, etc. There are so many deductions that I could go on and on. You should always consult with your tax prepares. We use a CPA the is well worth the modest fee that we pay and is also a deduction. You save a fortune in taxes by incorporating even if your business only breaks even.
- Invest your profits back into expanding your business. You money is not safe in the market in any way shape or form. The so-called financial advisors are the only ones making money by making multiple losing gambles with your money. You have to learn to manage your own money and never trust anyone else to do it. Cash is no good in the bank either. Use it to carefully expand your company. It's OK to think big about your new business, but think small with your pocketbook. Jumping in with both feet can land you in financial quicksand. I prefer conservative business moves.
- Pay more attention to what is going on around you in the business world and economy. There are certain trends that will kill your business if you do not pay attention. Follow all the trends and statistics on the Internet. The information is priceless.
- Slowly build your little business so that as you get older there will be steady stream of income there waiting for you. If you get really lucky then your little business might turn into a big business and you can retire even sooner if that is what you really want. Always keep your overhead down and your guard up. Only hire people if you really need them as you are only going to hurt them more when you are forced to let them go when the money runs out.
- Be very careful about your new-found money. Money doesn't buy friends. It only buys you an entourage that disappears instantly when the money runs out. When you have a lot of money certain types of people will fall all over you. They come out from under rocks. Pay them no mind. If they weren't your friend before then they are not really your friend now. It's like when you win the lottery. The best thing that you can ever do is to get out-of-town where no one knows who you are! And last but not least is that I personally have seen over a thousand men take their new-found money and wine, woman, and song themselves right out of business. That story is as old as the Bible.
Sunday, October 30, 2011
When I was a young man back in the late nineteen forties I never thought that I would ever live to see the turn of the century. Fortunately, it seems that I was mistaken in spite of the Korean and Vietnam war etc. Now, here we are just two months away from 2012 and I'm still clinging to life as tenaciously as ever, but is that a good thing, or a bad thing? The answer is that it depends on the state of your health and your financial circumstances. Several of my high school classmates have already died in near poverty, while others have been very prosperous. The thing is that when you are young you never stop to think too much about the end of your life, about your future. You know, that's the part where your city, or town taxes your property and thus your bank account out of existence, and you can't afford proper medical care, or paying your taxes and the town the town auctions off your property to a political insider so you get to go live in what I call the “The Brick Prison”, my term for the housing for the elderly. If you are not careful, that's your future life in a nutshell! I have actually had people recently ask me why they had to live so long because they have become so poor in their so-called “Twilight Years” that they are suffering hard. That is how it is in America today.
So what can you do to save your own future? Well this is my formula and this is how I have always done it.
The rules go like this:
1. Keep your day job if you are lucky enough to have one.
2. Be damn sure to follow rule number one.
3. Start a very low overhead business from home, and NEVER TAKE A PARTNER as it rarely works out in the long run!
Well the above are just a few rules that have always worked for me. One of the best pieces of advice anyone can ever offer you is to talk to as many experienced and successful business people as possible and collect all the business knowledge that you can. I you have a really good idea you have to be very careful not to give it away. Keep it to yourself. I have heard many times that two of the countries richest young men got rich by stealing other people's ideas, or intellectual property.
If you learned something from this blog them please consider marketing one or several of out 100% made in the USA products and remember that we can drop ship anywhere in the world for you. We will also consider manufacturing any product that we feel is a viable product right here in the USA.
We currently manufacture in the USA:
A. Battery Chem
B. Green Low Cost HE and regular Laundry detergent Just add water kits and other Just add water cleaning products are coming soon.
C. Wide Window Sill pet and plant shelves cut to custom lengths.
D. Composting toilets.
E. Video Camera Steady Cam holders.
F. Low power inexpensive fuel cells for cell phone charging etc.
If you are interested in any of these businesses please contact firstname.lastname@example.org