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Member You - The Biggest Myth about Multiple Streams of Income
Capital Access: * If a company needs to raise capital, it can sell stock(equity). These funds may be used for a variety of purposes including; growth and expansion, retiring existing debt, corporate marketing and development, acquisition capital and corporate diversity. Unlike an IPO you suffer less dilution. Once public, a company's financing alternatives are increased. A public status can also provide favorab
Think we live in a tough economy? Think again.Have a look at these up-to-date stats...59% of all Americans are directly or indirectly (via 401K's and pensions) invested in the stock market: an all-time high in percentage of population who, in October, benefited from stock market highs.In fact, a greater percentage of Americans are market-invested than ever before in history, in part thanks to 401K Plans – whic
If you’re familiar with many success books, authors or speakers, then you’ve probably heard this very common tip about how to become wealthy: Take advantage of Multiple Streams of Income. The idea is that you should set up a number of different avenues that generate cash for you and if there is a problem with one avenue, the others will still provide a steady cashflow. So maybe you have some real estate deals here, a few businesses there, some investments there, etc…. If real estate slows down, don’t worry because you have others that provide plenty of money. Some very big name people assert that this is the key to success, but what they’ve unfortunately done is cause more harm than good.
You see, to a millionaire or a deca-millionaire, it doesn’t take much to funnel tens of thousands or even hundreds of thousands of dollars into a new business venture. Losing that amount of money won’t put them out on the street. They can absorb the loss. On the other hand, to the average person who hears their m
One of NASAs missions besides space exploration and the forward progression of mankind is to foster goodwill and educate the next generation of aerospace leaders. They do this in a number of ways and this is where the Shuttles Tires meet the runway.It is very much about customer service. Who is the customer? Well the American People for one and lately the whole world, as so much is riding on what they accomplish up there an
You see, to a millionaire or a deca-millionaire, it doesn’t take much to funnel tens of thousands or even hundreds of thousands of dollars into a new business venture. Losing that amount of money won’t put them out on the street. They can absorb the loss. On the other hand, to the average person who hears their
If you have made up your mind about starting your own business on the internet, look away from your huge money-fall expectations and pay attention to these pieces of advice. You can find tons of information on the subject online, but I can tell you that business on the internet is not so different from any other kind of business, so the basic rules are the same:* Create a business plan and treat it as a living document, som
You see, to a millionaire or a deca-millionaire, it doesn’t take much to funnel tens of thousands or even hundreds of thousands of dollars into a new business venture. Losing that amount of money won’t put them out on the street. They can absorb the loss. On the other hand, to the average person who hears their
Let’s say you work an average of 40 hours a week and you started work when you were 20 years old and retired at 65. You’re also a good sleeper and get a good eight hours a night.That’s 93 600 hours of your life or a solid 10 years devoted to work. If you consider that you spend another huge chunk of your life sleeping, work is a big part of our existence so isn’t natural that we want it to be a happy existence?In my
You see, to a millionaire or a deca-millionaire, it doesn’t take much to funnel tens of thousands or even hundreds of thousands of dollars into a new business venture. Losing that amount of money won’t put them out on the street. They can absorb the loss. On the other hand, to the average person who hears their
The Yellow Page Directory is an Annual EventIt won’t be long before the 2007 Yellow Page directory goes to press. So expect a visit from your sales person one of these days. Don’t let him or her catch you by surprise. A little time getting ready for that visit ahead of time will save you money month after month.Traps Most Business Owners Fall For- Putting things off—the next Directory seems a lon
Multiple Streams of Income = Multiple Streams of Nothing.
The biggest problem with the idea of Multiple Streams of Income is that when you try to focus your attention across many businesses, tasks and responsibilities, you spread yourself too thin. You become less effective on every front. Let’s speed this point up a little bit so you can see what I mean:
Suppose a racecar driver also tries to make ham sandwiches in his car, during the race. You’d probably agree that something like that might be considered a ‘health risk’ when you’re driving 200+ miles an hour. Being successful in business or in anything else is no differen
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