Start With A Business Plan

A Business Plan In Time Will Save You Nine (Thousand Dollars Or More).

The following forum post is all too common with people starting out online.

Forum Post For Help

I know where the poster is coming from – I have been there too.

What I wish someone had told me before I was in that position:

Making money online is no different to making money offline. You have to develop a business plan. Take your time and get this part of the process right or you will waste a lot of money.

Once you know what your goal is, and you have a plan to get to that goal, then you can start investing in programs and tools to expedite your journey. Do not buy anything (no matter how good or how much hype surrounds it) unless you understand exactly how it will fit into your business plan. Do not change your business plan to accommodate such purchases as this will cause you to deviate from your goal.

The gentleman in the above post had all the right motives for taking the action he did, but he didn’t have a plan in place to begin with. He is now in the position of having no disposable income to promote the business that he has just bought into. If he had a plan in place he may have chosen a slightly different route. After all, there is a lot a person can do with the $10,000 to $25,000 that he has most likely invested in the tools mentioned (depending at which level he bought into the programs).

It doesn’t matter how good the program/tool is, if it isn’t the right fit for your talents and expertise it will not benefit you at all. Just because your neighbor achieved success with it does not guarantee you will. Fully investigate how these things work before you buy in. If they will not explain the mechanics of the system upfront then keep shopping, there are many systems and business opportunities to choose from.

It is better to have “missed out” on a great deal (as the marketing will tell you) than to have spent all your money on a great deal that will give you a zero return on your investment. I have seen many cases where people have been encouraged to buy into programs using Other People’s Money as a “leveraging tool” only to find themselves paying off a huge credit card debt with no extra money coming in. It can literally take years to recover from these situations (or worse still, it can bankrupt a person).

Unfortunately, there are all too many predators out there wanting to relieve you of your money. Not all of these people are sharks who enjoying preying on the weak and gullible, many are those who were taken in and have no other way out but to recruit others and collect a commission.

If you are reading this before you have made these mistakes, remember:

  • Set your goal.
  • Create a business plan (get help with this if you have not done it before).
  • Stick to the plan – do not get side tracked even if it means missing out on a once in a life time opportunity.
  • Only buy tools/programs if you know exactly how they will benefit your plan (and you have the skills to apply them).

Please don’t let me see you making forum posts like the one above!

Success And Death

I don’t know if I just becoming more aware or if there is actually an increasing trend of cancer mortality.  It seems that everyone I meet either has some form of cancer or is immediately connected with someone who is fighting cancer. If it isn’t cancer it is a heart condition.

Is it the Universe fighting back against the blight that mankind has become on the planet?

Is it the Creator of the Universe reminding us of our mortality?

Obviously we should be prepared for any such reality in our lives. But what lengths should we go to?

It would be hard for anyone to step into my business and take over. Should I have someone trained up to do that?

Insurance is another interesting dilemma.  A doctor suggests that health insurance is over-rated because they generally find a loophole to weasel out of paying when you find yourself in a situation to cash in on the policy.

Life insurance, or more correctly death insurance, is designed to pay out to those you leave behind.  But the amount you pay in compared to the payout becomes very redundant if you live an extended period of time. The way the fees are set up there is no reward for joining early in life anyway.

In this day and age the majority of people do not have the discretionary income to cover such expenditure anyway, and these are the people who would most benefit from the policies.

Death might be the great leveler but there is nothing fair about the when and how, nor the effect on those left behind.

When you are thinking about how to measure if you are successful or not, how does your death feature into the result?