In this episode we discuss the benefit of creating your own business being its value because you built it. You can sell your business after X number of years. What can you get after working for someone else. What job can you get with a pension? More than likely you are not going to find a job that provides you a pension. Owning a business is also creating a nest egg for your retirement. So I’d say if you are asking “How to save for retirement?” I say you should own a business. You can start your own or buy an existing one.
Maybe you can buy a business to get a jump start here is one site that lists businesses for sale. You might also buy a business to grow your business.
Can you turn your hobby into a side business? Custom buildings? Tax returns?
Do you have a passion you can turn into a business?
Are you someone who posts a lot on social sites? Maybe you should start a blog or website of your own. Example maybe you are into documenting your race car work. Start posting all your photos and how to information on your own site or blog. Then you can advertise on the site with something like google’s adsense or affilate links etc.
You can offer your services on craigslist.com today for free!
Action is key so take some action!
If you know someone who owns their own business and you think they would make a good interview let me know.
Today I cover how I got started web site consulting as a side business and challenge you to find businesses you could consult to. For me a few consulting opportunities enabled me to quit my full time job and focus building my company Riptide Hosting.com
Consulting have given me a lot of freedom!
I now can take as much vacation as I can afford to.
I can work from most any location with an internet connection.
No more driving to the office.
No more 9 to 5.
No more busy work for the sake of getting the hours in.
No more relying on a single employer/company for my income.
Today we discuss the positive aspects of multilevel marketing.
I learned a lot about business when I joined Amway back in college. I learned more about business from the books they suggested than I did getting 2 business degrees. You may not control the brand like you do if you own your own business but there is lots to be learned. I credit Amway with teaching me about residual income which lead me to starting a company that produces it.
Low Start-up costs
Learn to Sale
Learn about business (certain groups will be better than others)
Learn about residual income
Everyone can work with you (try hiring everyone you meet to work in other businesses)
Step by step instructions – I really believe it works if you work it. Many people myself included surely think they can do better than what was suggested.
The parent company controls the brand, payout etc.
Stigma of a pyramid scheme – but can you make more than your boss or CEO at regular companies? In multilevel marketing you can make more than the people above you if you grow your business larger.
Introducing myself, my background and goals for this podcast. Including the idea of residual income and ways to earn it.
Keys to business take some action. You will learn a ton by taking action whether is is buying a foreclosure or buying servers for web hosting. Did both of them and have learned tons because we took action.
Still wasn’t sure what the name of the site would be but I took the action of recording it!