Thursday, July 24, 2008

The Worst Behind-the-Scenes...


...Inflationary Spiral Ever To Be Seen
In this Country

I estimate we're only about halfway through the inflation process that the U.S. is being put through by the powers-that-be in Washington, namely the Federal Reserve.

Already, in just the last two years, $4.3 trillion in fiat money has been created. But by the time the mortgage and credit crisis passes, hundreds of banks will have failed and I calculate the Fed will have to pump at least another $2 trillion into the economy.

Under our fractional reserve banking system, where every $1 of new money created by the Fed creates as many as $10 through relending, that means more than $60 trillion in fiat money could ultimately flood the economy.

Even if it gets back to a factor of half that, or 5 to 1, we're talking as much $30 trillion in fiat money working its way through the economy.

Inflationary? You bet it is.

A systemic devaluation of the dollar? Absolutely. It effectively slices the purchasing power of your current dollars in half, or worse, by increasing the existing supply of money by almost 200%.

In plain English, that means if it takes you $50,000 to break even today, a few years from now it could take you double that, or $100,000 - perhaps even more.

Prepare Yourself Now

Thursday, July 17, 2008

Make a Fortune With Service Businesses

The basic steps to get started:

1. Identify a service business that has a standard value for an ongoing account. In the case of our pool service, it was $250.

2. Develop a marketing plan to bring in new customers. For the pool service business, we had a mailer that that brought in a consistent response. But other forms of advertising could work too - such as door-to-door flyers, newspaper advertising, Internet marketing, etc.

3. Get your business started. Your goal here is not only to build a service business that you'll be able to sell, but also to test and perfect your marketing approach.

4. Find a buyer for your business. You can use classified ads in newspapers, network through local business groups, and, of course, search for potential buyers via the Internet.

5. Offer to help the buyer build his business by bringing in new customers. This is where having a proven marketing system is essential. By knowing how much an account is worth to a buyer ($250 in our case), and exactly how much it costs to bring in a new one ($50 in our case), you'll be able to structure a deal that works for both sides.

6. Once you've successfully helped your buyer expand your former business, you're ready to approach similar service businesses and make them the same offer. Helping other entrepreneurs build their businesses gives you a way to extract considerable profits from a service business without needing to operate one on a day-to-day basis.

One final important note: Most states have laws that regulate the sale of business opportunities - and you must comply with the laws of your state. So make sure you get professional legal advice before you get started in this business.

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Tuesday, July 15, 2008

Make sure your business is compatible with your potential strategic alliance partner's business.

Would it make sense for me to approach the head of the Chuck E. Cheese chain about doing something together? Nope (although my daughters would strongly disagree). Look for a business that slides together nicely with yours, like two pieces in a puzzle. And make sure you have something of value to offer them as well.


There's nothing more frustrating than attempting to establish a relationship with someone you despise or who drives you nuts. (Talking from experience here.) No matter how hard you try to ignore it, their idiosyncrasies will affect your decision making - and, ultimately, your bottom line. No, you don't have to have them over for Thanksgiving every year. But you will be spending a lot of time together. So you'd better make sure you can put up with them on an extended basis.


Set the parameters of the strategic alliance early on and stick to them. Put them in writing or, better yet, have your lawyer do it. There have been way too many multimillion-dollar agreements that started with a handshake but then crumbled because the two parties didn't hash things out clearly. I don't want to see yours do the same.

Monday, July 14, 2008

1/2 day working vacations offer the following benefits:

You don't have to worry about anything really bad happening to your business while you are on vacation.

For four hours a day, you focus on the most important, most rewarding business work you do.

You give your superstars a chance to upgrade their skills and build their confidence (which makes it easier for you to take another, possibly longer, extended vacation next year).

If you are vacationing with a friend or spouse, you give them the chance to do their thing while you are doing yours.

You never feel guilty about being on vacation.

Wednesday, July 2, 2008

Make a Few Thousand Dollars Online in Just a Few Weeks?

By complete accident, one person discovered an Internet "golden door" that helped her make thousands online for just an hour or two of work. The money showed up in her account a few days later.

Here's the thing though. This isn't some one-off fluke. It's entirely repeatable. Sometimes more, sometimes less money comes in. But one thing's for sure... there's no limit on how often you can copy this simple process.

In fact, I guarantee this new program does exactly what it promises.