There are so many simple, yet really sure-fire ways
of acquiring wealth, it's a wonder everybody with
even the least bit of ambition isn't already rich.
When you come right down to it, the only things
needed for anyone to make bundles of money are
the long-range vision and the energy to put a
money-making plan into force.
One of the easiest methods of building wealth,
and the one most often used by the "smart"
people, is to furnish the expertise, equipment
or growth capital to promising beginning
businesses.
Basically, you buy in as either a part owner or
limited partner; then, as the business grows
and prospers with your help, you reap your
share of the rewards.
The beautiful part about this whole concept is
that you can repeat this procedure over and
over again.
You can start out with, say marketing and sales
leadership for a small, garage-type business;
then with your holdings and earnings from that
business, invest in another, and keep doing this
until you own a part of twenty-five to an
unlimited number of businesses.
Looking at the idea from a dollar return point of view,
if you were getting $200 per month from 25 different
businesses, your monthly income would amount to
no less than $5,000 and that's not too bad for a
fledgling millionaire.
Look around your own area. With just a little bit of
business sense and perception, you're sure to find
hundreds of small businesses that could do
better - perhaps even become giants in their
field - with your help.
Most small businesses need, and would welcome
marketing, promotional, advertising, and sales help.
If a quick survey of a business turns you on with
enthusiasm about the potential profits to be made
with just a few changes that you can suggest,
then you are on your way.
Basically, you set up an appointment to see and talk
with the business owner about some ideas and help
that could double or triple his profits. When you
approach him in that manner, he's almost certain to
want to see you and hear what you have to say.
In preparation for your meeting, set your ideas down
on paper. Put them together in an impressive marketing
or profit-potential folio. Out-line your ideas, the costs
involved and the ultimate profit to be gained.
Then, when you arrive for the meeting, be sure to look
and act the part of a successful business person.
A few pleasantries to break the ice, and then begin with
your presentation.
Through your proposal, you must instill confidence that
you can do all you claim for him. Guide him through the
presentation to the ultimate profits - all for a 10 or 20
percent limited partnership in the business, which really
won't cost him anything.
Of course, if he's reluctant to give up any part of his
ownership, you come back with the idea of being hired
as a consultant.
Almost all small businesses need help of some kind.
The owners get bogged down in a myriad of everyday
problems and things to do.
They find there just aren't enough hours in the day
to handle everything that should be taken care of,
and end up neglecting or putting off some of the
things they should be doing to keep the business
prosperous.
As a result, the long struggle for business survival
begins, with more than 60% of them selling out at a
loss or just closing up shop.
The other way to "cut yourself in" on a piece of
someone else's business is to supply needed money.
If you can come up with 10 or 15 thousand dollars,
you can easily "buy into" some small businesses.
Be sure to look the business (and its market potential)
over; but once you spot one that can really be a winner
with just a little bit of operating cash or money for
expansion, then start figuring!
You can reach a never ending supply of such businesses
to choose from, simply by running a small advertisement
in your daily newspaper in the classified section under
the heading of Business Opportunities Wanted.
Such an ad might read:
SUCCESSFUL BUSINESS EXECUTIVE LOOKING FOR NEW
BUSINESS VENTURES. WILL CONSIDER BUY-OUT OR
PARTNERSHIP. PO BOX 123, CITY.
By the same token, make it a habit to look through
the Business Opportunities Available on a regular
basis.
Mark a few each day and follow up. Check them out,
and see what kind of a deal is being offered.