Live Your Dream-A Serious Path

Live Your Dream-A Serious Path

Live Your Dream

Do you want to live your dream? Most people dream of happiness, freedom, and the ability to do the things you really want to do. Most people do not dream of having a stack of money, or dream of a bank statement that shows you have $1,000,000. Having $1,000,000 does not guarantee anything, except that you can say you have $1,000,000. But being a millionaire, and being careful and responsible, allows all the other things to happen more easily. In many cases without good financial resources, many people are stuck in a life they wish was better.

Good News

Opportunity is everywhere, we all know that, but then why hasn’t everyone made $1,000,000 yet? I have covered so many stories of people doing it with regular businesses everywhere. They are not extra smart, definitely not richer, and they don’t know the secret handshake. Opportunity is there, but you must take action. Recently in my Google+ Community, a man complained he had no head for business and has failed twice. I told him, his feeling that he has “no head for business” really was just not having the experience and training. I told him if he thoroughly researched his next business, identified his weaknesses and strengthened those areas, and also sought advice and help from others like the SBDC and SCORE-he might then just have a very good head for business.

So many people take off half-cocked or not cocked at all. Just settle down, get started and systematically get ready, then start your business.

Don’t Pass Up Low-Risk Opportunities

This may not be a good example of a thorough plan, but it is for grabbing an opportunity for with low risk. What if you saw a school bus for sale on eBay for $350?

The $350 School Bus!

Drive Fron Maine

Would you buy it? I know of an individual always looking for business opportunities, Gabriel. He saw a bus for sale for $350, the ad said it was old but operational. He bought it sight unseen then found out it was in Maine if he wanted it, he had to go to Maine and drive it back to Texas. That is exactly what he did. On the way back he noticed an old Pizza Hut was selling its furniture He pulled over, bought several pieces for next to nothing and loaded it into the bus. He was thinking what a great way to redo the interior of the bus. He was already thinking of fixing it up and reselling it, or maybe rent it out as a party bus.

An Adventure

The whole trip was a great adventure and would give him some great memories. But on the trip, it gave him a lot of time to think about how to use his new bus. He did notice on the way back to Texas that the bus had a pretty good smoke trail coming out of the exhaust, he knew he would have to take care of that too. A new muffler cost more than the bus but it had to be replaced. The total cost of fixing it up to rent out was about $3,500.

Now a Party Bus!

He now rents it out for $450/night, 5-8 times/month and gets referral fees for when he is overbooked.

This is just another example of keeping your eyes open for opportunity and taking a small calculated risk as a way to make some extra income to help you get to $1,000,000 in the bank.

Create an Opportunity

Even more unique is Gabriel’s business model as a Business Incubator, which can be found at www.TechStudios.net. His company motto is “Ideas taken to execution.” If someone has a business idea but does not know how to start, how to get the money, or how to find the time, he will get the company started and tested. He will put the plan together, assemble the team, find the means to finance the operation and get the company going.

If you have an idea, look for help from SCORE, SBDC, or a consultant.

The original idea generator can buy it all back later if he wants the whole company. In one sense this is a variation on asking your friends for ideas, to be discussed later, except he lets clients bring ideas to him and gets paid to develop their ideas.

Live Your Dream Boldly

You have to be cautious to not do just anything to make money; you must do things that could lead to $1,000,000. Gabriel will admit his party bus will never make him $1,000,000. Maybe it possibly could if he got more organized, and maybe located party buses in different cities or maybe even franchise the idea. But he really did not want to pursue it. It is best to decide on a business that will have the kind of cash flow and net profit needed to make you enough to save $1,000,000. Do your research, make a business plan and get adviser help. Of course, you may need partners for the money to start and grow, but a good plan and your own confidence can get you the money you need.

Find Your Way to the Door of Opportunity.

In my interviews with people who have become millionaires from nothing, I agree wholeheartedly that almost any business can get you to $1,000,000 in the bank with good execution, sales, and marketing. A solid plan well researched and yet keep your eyes out for low-risk opportunities. Get your head in the game…………..start your plan to save $1,000,000. Allow yourself to live your dream.

Get One Million in the Bank today for yourself or someone you want to help. Also, I appreciate your comments and sharing the post if you liked it.

Michael L. F. Slavin Author of 7-time award-winning One Million in the Bank: How To Make $1,000,000 With Your Own Business, Even If You have No Money Or Experience

www.onemillioninthebank.com

Grinding Out $1,000,000 Part I

Grinding Out $1,000,000 Part I

Grinding Out $1,000,000 Part I

This is a story that many of us can relate to in one way or the other. Gary grew up in Ferdinand, Illinois.  His friend was a little ahead of him and finished a 2 year degree in air conditioning and got a job right away. So Gary did the same. Once he graduated, he took a trip with a different friend of his to Houston. (more…)

I Failed and then I Succeeded to Find Money

I Failed and then I Succeeded to Find Money

key to money

Anyone can learn to raise money.

It was in my “in between years”, the seven years I struggled after I was recruited out of the Army and before I started my company which would make me a millionaire in four years. It was the first time I had tried to raise any money. My partner on this deal was the real estate expert and we only needed $200,000 to get this piece of land and he assured me we could flip it for a big profit. (more…)

Get Started on Your One Million in the bank

Get Started on Your One Million in the bank

$1000000 bill

I have heard so many stories of people in the last few weeks that have put $1,000,000 in their bank account. I have interviewed on the phone about 8 people- 4 have at least $1,000,000 or more in the bank, 3 will have $1,000,000 or more in the bank, and 1 could have $1,000,000 but is in her 70’s and is very happy with her single location very successful book store. None of these businesses were exotic- a bakery, a plant nursery, a book store, a clothing store and tried and true types of business of all types. (more…)

Free Advice and Education at SCORE and the SBDC

Free Advice and Education at SCORE and the SBDC

SBDC  SCORE

 

SCORE and the SBDC

SCORE and the SBDC are tremendous assets. I am very excited about my investigation of these two agencies that could really be helpful to so many people. Get free advice and education at SCORE and the SBDC, do not pass up these resources.. In short SCORE has retired executives who can help you start or improve your existing business; the Small Business Development Council (SBDC) has professional counselors to help you do the same. Both organizations also have educational courses very cheap or free. (more…)

Do You Need Money for Your Business Idea?

Many, many people feel that the road block to their success is they do not have the money.  Do you need money for your business idea?  That is probably not the real problem. So many times the real problem is not having a plan. Many also may not even be in a position to complete a business plan. How bad do you want it? This is not about how do I get a job or buy into a multilevel marketing program; it is how to secure financial independence. Yes $1,000,000 in the bank, but I’ll bet a lot of people would like to start with $10,000 in the bank or $100,000 in the bank. (more…)

Page 1 of 212

Pin It on Pinterest