There are so many simple but really safe ways to acquire wealth that it is a miracle that everyone, even with the slightest ambition, is not already rich. At the end of the day, all it takes for someone to make lots of money is the long-term vision and the energy to put a money-making plan into action.
One of the easiest methods of building wealth, and the one most used by “smart” people, is to provide the expertise, equipment, or growth capital for a promising startup business. Basically, you buy as a co-owner or limited partner; then, as the business grows and prospers with your help, you get your share of the rewards.
The beauty of this whole concept is that you can repeat this procedure over and over again. You can start with, say, marketing and sales leadership for small garage-type businesses; then, with your shares and profits from that business, invest in another, and keep doing so until you own a share of twenty-five to an unlimited number of businesses. Looking at the idea from a dollar return point of view, if he were getting $200 a month from 25 different businesses, his monthly income would amount to no less than $5,000 and that’s not too bad for a budding millionaire.
Look around your own area. With just a little business sense and insight, you’re sure to find hundreds of small businesses that could do better, maybe even become giants, with your help.
Most small businesses need and would appreciate help with marketing, promotion, advertising, and sales. If a quick business survey gets you excited about the potential gains that can be made with just a few changes you can suggest, then you’re on the right track.
Basically, you schedule an appointment to see and talk to business owners about some ideas and help that could double or triple your profits. When you approach them like that, they will almost certainly want to see you and hear what you have to say.
In preparation for your meeting, write your ideas down on paper. Put them together in an impressive marketing or profit potential folio. Describe your ideas, the costs involved and the final benefit to be achieved.
Then, when you arrive at the meeting, make sure you look and act like a successful business person.
Through your proposal, you must instill confidence in him that you can do everything you claim for him. Guide you through the presentation to the final earnings—- all for a limited partnership of 10 or 20 percent in the business, which really costs you nothing. Of course, if he is reluctant to give up any part of his property, you come back with the idea that he hire you as a consultant.
Almost all small businesses need help of some kind. Homeowners get bogged down in a myriad of everyday problems and things to do. They realize there aren’t enough hours in the day to handle everything that needs to be done and they end up neglecting or procrastinating on some of the things they should be doing to keep the business thriving. As a result, the long struggle for business survival begins, with more than 60% of them selling at a loss or simply closing shop.
The other way to “participate” in a part of someone else’s business is to provide the necessary money. If you can scrape together $10,000 or $15,000, you can easily “buy” some small businesses. Be sure to review the business (and its market potential); but once you find one that can really be a winner with just a little operating cash or money for expansion, then start calculating!
You can access an endless supply of such businesses to choose from simply by placing a small ad in your daily newspaper in the .Classified section under the heading Business Opportunities Wanted. Such an ad might say:
SUCCESSFUL BUSINESS EXECUTIVE LOOKING FOR NEW VENTURES. WILL CONSIDER PURCHASE OR PARTNERSHIP. PO BOX 123, CITY
Similarly, make it a habit to check available Business Opportunities on a regular basis. Check off a few each day and follow up. Check them out and see what kind of deal is on offer. Remember, proper management and planning are basically the ingredients for success in business; And most small businesses simply don’t have these ingredients in the proportions necessary to reach their highest profit potential.
Other people have done it, and every day there are more who start. There is no reason why you can’t do it. In most cases little or no cash is needed. But with a little action on your part, you could quickly become a multi-business owner and very wealthy too.
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