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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 business. 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 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 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 business, 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--with your help.
Most small businesses need, and would welcome marketing, promotional,
advertising, and sales help. If a quick survey of 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 business owners
about some ideas and help that could double or triple their profits. When
you approach them in that manner, their almost certain to want to see you
and hear want 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. Outline 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 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 is 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 myraid of every day problems and things to do. They find there
just are not 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. Remember,
proper management and planning are basically the ingredients to success in
business; and most small businesses just do not have these ingredients in
the proportions needed to attain their greatest profit potential.
Other people have done it, and more are starting up every day. There's no
reason why you can't do it. In most cases little or no cash is needed. But
with a little bit of action on your part, you could quickly become a
multi-business owner, and very wealthy as well.
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