Towards Creating a New Economy
photo credit: Capitan Giona
For the purposes of analysis, “the economy” can be simplistically divided into 2 segments: that which creates economic activity of wealth and the opportunity for taxation; and that which is felt to diminish wealth and spend taxation. An example of the former is making luxury cars. Examples of the latter are caring for the elderly, healthcare in general and tackling global warming. At the root of this division is another concept; that of values. Buying a nice shiny new BMW has high value, bestowing prestige and a sense of being marked out as special. High wages are given to those involved in manufacture, service and sales. High wages (or indebtedness) are needed to buy one and maintain the tax, insurance and fuel duty.
Caring for disadvantaged people on the other hand is felt to have low value, low prestige, low wages. Public services go to great length to avoid paying for it at all, taking and making every opportunity to offload the cost onto someone else; ultimately the poor themselves. Politicians devise ever more sophisticated reasons to persuade us that they can actually reduce the “burden” of having to pay for this at all. The net result is that those who need social care or work within the sector grow progressively poorer, more oppressed and disadvantaged, while the economic infrastructure surrounding oil-based motor transport grows ever wealthier, or if in recession, deemed more worthy of protection and safeguarding. Read more
Building a Million Dollar Company
photo credit: danhodgett
One of the first thing people ask me is how I’ve managed to build three million dollar companies before I turned 20. Now at 22 and building my first technology based business I feel I am better suited to answer the question in a way that will help you as well.
1. Early hands on experience- Since starting my first business at 8, I’ve been a part of 15 different business ventures since. Two of the million dollar companies were built with other people’s money, along with five business ventures that have failed and the other seven are still surviving. But more importantly, if you’re able to get involved with an entrepreneurial venture without having to invest a lot of your own money it is a great learning opportunity. Find yourself a “good” mentor and learn as much as you possibly can from them. Being in business for yourself often means that you work harder and longer than anyone else but even being an employee for an entrepreneurial venture is different from being an employee for a major corporation. I didn’t believe this myself until I tried! A good employee in a healthy and growing entrepreneurial venture will be responsible for many different key aspects that are vital to the business. This is rare in the corporate world. Read more
How To Lessen The Fear Of Starting Your Own Business
Are you are working a dead-end job thinking it is time for a change? Do you keep thinking the change you are looking for is to start your own business but are too scared to give it a try? Why let your fears stop you from making, what could be, the best move of your working life? Caution is good and will help prevent you from making wrong decisions, but fear is not because it will prevent you from making the right ones. In order to overcome this fear, you need a way to answer your questions and address your fears.
The fear of starting a new business is largely the fear of the unknown. What will I do if my business does not make enough money? What will happen to my marriage if we go bankrupt? How will I pay my bills? What will my friends and family think of me? These are all legitimate questions and you certainly have many more. The answer to all of them is research, preparation, and planning.
In order to lessen the fear that comes from starting a new business, you will need to expend the time and effort it takes to thoroughly research your prospective business. You must study every bit of information you can get your hands on. Many industries have member organizations that provide help to get you started, take advantage of them. Go to the public library and ask for help. There is an enormous amount of information on the Internet, make use of it. Visit every business remotely similar in your area. Lastly, spend some time talking to the suppliers you will be using, they can provide answers you will not find anywhere else. Read more
Do You Want to Succeed in a Down Economy? Many Have – You Can Too
Staying afloat during an economic downturn is difficult, but it’s not impossible. Starting with the Great Depression, including the ten economic downturns since the National Bureau of Economic Research shows our economic slumps have been cyclic. The last five downturns have been shorter in duration than their predecessors. But speculate as they may, no one can predict when the economy will rebound. What you can be certain is that it will. Can you hold on? Will you be ready for the upswing?
Businesses, old and new, have not only succeeded during a downturn, they have come out of downturns much stronger.
How did businesses do it? Simple, they maintained good marketing programs, projected stability, provided quality products and services, knew their customers and how the downturn affected them and managed expenses. These companies created business stability and staying power until the economy turned upward again. Read more
Making Money in Commercial Real Estate
photo credit: woodleywonderworks
One fact about Florida, it is one of the most populous states in the United States of America. Another fact about Florida, with its lush beaches and beautiful national parks, coupled with its mostly subtropical to tropical climate, it is a known fact that tourists, both local and foreign, flock to enjoy its beauty every year.
With these in mind, it is safe to assume one thing-it is good to set up business in Florida! And with people constantly flowing to either live permanently or just to admire the splendour of the “Sunshine State,” it is evident that one good business opportunity on the state is surely found on the Florida Commercial Real Estate market. Read more
Creating Opportunity From Crisis – Tips For Creating Wealth in Recession
photo credit: stevendepolo
Crisis Or Opportunity?
While the financial crisis is real, what it represents is up to you. The Chinese symbol for “crisis” is said to be made up of two individual characters which mean, in broad terms, “danger” and “opportunity”.
You can decide how you will respond to the current climate. Will you adopt a poverty consciousness and cut back to survive? Or, will you see the current state of play in the global economy as an opportunity to foster your entrepreneurial skills and build more prosperity?
The transferral of wealth currently taking place means there has never been a better time to launch a business in a market you identify as growing already or is predicted to grow into the future. The current climate represents the perfect storm of opportunity. However, it is up to you to decide whether you will capitalise on the market conditions. More millionaires were made out of the Great Depression than ever before. Read more
Making Money on the Global Warming Crisis
Bad weather may be heading our way. Many very smart voices have raised their volume over the number of alarming red flags pointing to a worldwide environmental catastrophe coming in a few years or decades hence. One voice, coming from the sharp mind of James Lovelock is resounding across the world’s media nearly every day. His solution: get more nuclear reactors online and sequester the carbon dioxide emissions as fast as possible.
What’s the alternative? Move to the Arctic Circle, where you may someday bask year around with temperatures pleasantly at 74 degrees Fahrenheit. According to findings recently published in the journal Nature. About 55 million years ago, there was something called the Paleocene Eocene Thermal Maximum (PETM). In this PETM phenomenon, the entire Earth was heated up by a gigantic release of greenhouse gases, like carbon dioxide. Lovelock has insisted we may see that kind of hot later this century.
Now, another brainy man, with whom we have many chats this year, has issued a special 56-page report, entitled “Investment Implications of an Abrupt Climate Change.” Co-authored by Market Strategist Kevin Bambrough and Eric Sprott, Chief Executive and Portfolio Manager of the world-famous money management firm which bears his name, they present a compelling argument as to why and how global warming and climate change is going to dramatically impact our financial world. You are well advised to read it. Read more
Find your Own Financial Success- Open a Bar
- An Overview of Personal Loans
- Take Easy Finance With Bad Credit Loans
- Bad Credit Loans: Where Bad Credit Score is An Accepted Reality
- Bad Credit Borrower?s Can Avail Bad Credit Loan UK
- Bad Credit Personal Loan – A Changed Attitude of Lenders Towards Bad Credit
- Set Aside your Credit Woes in Taking Bad Credit Loans
- Bad Credit Loans Rescue you From Difficult Financial Situations
- Bad Credit Loans: Easy Bucks to Battle Bad Credit
- Secured Personal Loans – Single Solution For All Your Financial Ills
- Unsecured Bad Credit Loans: Wipe Out the Bad Credit
- Open a Restaurant
- A Small Business Loan Alternative for your Growing Business
- Cash Advance as a Small Business Loans
- An Alternative to Searching For Business Loans
- Merchant Loan Lenders Provide Cash For Merchants
- Restaurant Finance That is Easy to Acquire
- Restaurant Financing – 4 Options For Every Credit Situation
- An Introduction on Restaurant Investors and Restaurant Lenders
- Know What It Takes To Get Restaurant Financing
- Business Loan Difficulties – Solutions for Bars and Restaurants
- Restaurant Loans – Affordable Funds Delivered Quickly
- Loans for Business
