Posts Tagged ‘success’

Every dollar you save in your twenties supplies one dollar of monthly retirement income in your sixties

- Elaine Lyon, Tax Advisor

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You don’t have to be a brain surgeon to know the obvious. Unfortunately, there is sadness to how easily folks are suckered. Led astray. Betrayed. So easy, yet often it’s only hindsight that wakes us up. Certainly, it’s NOT going to happen to you.

Is it a franchise? Starting a business from scratch? Buying a business that is already successful? It doesn’t really matter. There is NO GUARANTEE for you to start or continue a business successfully. Sometimes there are underlying assets; or connections; or special knowledge; or lots of money (that you don’t know about!)

Are you getting the picture? You must DIG DEEP into the past history of any business you plan to own. It may not even be a business. You could even be thinking about getting married (you really need to look hard!) Marriage and business have some of the same basic issues. You have to work very hard to make either of them successful.

Just don’t go into business too quickly. Do I need to give the same advice when it comes to marriage? Both can be the most wonderful decision you have ever made or it can be the WORST decision you have ever made. I’ll pray that you do your homework and due diligence before you JUMP!

My own experience tells me I’m giving you good advice. You are taking on a PARTNER when you enter your own business. Don’t think so? If you borrow any money from the bank (this is your FIRST partner!) Your family is your SECOND partner (you will either be happy or sad) and will either make your day or give you grief from the git-go. Everyone has to AGREE that you are doing the right thing.

Back to the franchise. Too many folk think that buying a franchise will guarantee their success. Nothing could be further from the truth. As a matter of fact, I have owned 2 different franchises in my career. Both were losers. I lost money. A bundle of it. Just know that it is not automatic! Too often there are underlying reasons for somebody’s success.

A few more ideas to think over BEFORE you step on a mine field…..

BUSINESS TIP: LISTEN! You may not like what you hear, but it may just be the very best advice YOU NEED….none of us are as SMART as we often THINK….try a little “humble pie” before you end up with a big black crow. TEST,TEST,TEST the details for hidden manna from above……