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Millionaire Rule # 3: Avoid Get-Rich Quick Schemes

 

avoid 300x188 - Millionaire Rule # 3: Avoid Get-Rich Quick Schemes

 

Tony Lewis, the business owner, and writer was determined to get to the bottom of as many ‘get rich quick’ schemes that seem to pop up every day on the Internet. He found everything from real estate investing to affiliate marketing, all with incredible claims of making loads of money in a short amount of time. You do NOT want to fall prey to these scams and con artists. When Tony made the effort to get to the bottom of these so-called legitimate programs and investments for making money, he posed as an investor and managed to convince the owners that he was seriously interested in purchasing their entire business and website.

 

When the owners realized how much money they could make by selling their business to Tony, they gave him free access to their private member areas to review what he would be buying. In fact, the owners actually bragged about how many people had bought their useless programs. He continually found links leading to other websites that would ask for more money or the links didn’t work at all. There was no email support or help section and you could forget about ever getting a refund. Of course, when they contacted him again to see if he was still interested in purchasing their business, he didn’t respond to them.

 

You need to understand the difference between investing and speculation. When you are engaged in a business that generates cash and is sustainable, then you are investing. Generating sustainable cash over the long haul will yield value. When you are ready to get out of the business or do something else, you can sell it for a nice profit. Continue reading →

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New Business: SESSION 2

SECOND SESSION

Includes five parts.

New business 300x160 - New Business: SESSION 2

 

 

 

PART 1 – Perspectives Of The Company

 

  1. The root of the problem. The general condition of the company. Whether the company is growing or is fading.
  2. Seeds. What activities were taken to develop the company?
  3. Earth. How the company will develop. Will there be new orders/clients or an increase in profit?
  4. Wilting leaves. Something that will not grow with the company. Negative aspects.
  5. Fresh leaves. Positive aspects of the company’s development.
  6. Fruit. The general atmosphere of the company. How the development of the company will affect the growth of revenues, the increase in the number of customers and orders.
  7. Further growth. Your potential.
  8. Mother Nature. Environment: colleagues, partners, clients, working conditions, workplace …
  9. How promising is your company? How long will it exist?
  10. Water is a life-giving force. Long-term perspective and viability of the company.

Continue reading →

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