Ideal Business Consultants

Robert Kiyosaki brought the idea of how people get wealthy to the forefront of American thought with the New York Times Best seller “Rich Dad Poor Dad”.  S.U.L. will assist you to evaluate a tried and true business opportunity with the highest standards of practice evaluation.  Kiyosaki enlightened the public that we are no longer living in the industrial age we have moved to the information age and with it many things have changed.  Mainly he informs us how to gain wealth and not to rely on the education system to teach our children how to build wealth and succeed.  He pointed out that the advice we give to our children, “go to school, get good grades and then go get a good job with benefits” is the wrong advice.  This is true throughout all of the United States and the rest of the free world.

He followed the blockbuster up with the Cash Flow Quadrant a New York Times Best Seller as well.  This book also written with Sharon Lechter is a road map for success.  These authors describe the four ways to earn income:

• Employees work for money they trade their time for money.   Traditionally they are paid just enough money to keep them working.  These employees often work just enough so that they do not get fired!

• The Self-Employed are those folks that have a trade, skill or service where they work for themselves.  They also trade their time for money however they get to keep the additional profit because they work for themselves.

• The Business Owner recognizes that if they build a business system and have others work for them they stand to over-ride the efforts of others and earn a profit on them.

• The final way to earn income is as an Investor.  The investor has money work for them.

The fact that you are reading this information from S.U.L. tells us that you are looking for alternatives to your current economic condition.  Most of us want to be in the final category as an Investor yet with no funds and living check to check that is a long way coming.  To become a business owner you need time to build a system unless of course you have the funds to purchase a franchise. Evaluating a business opportunity can be tricky.  Most individuals do not have the capital to invest to get a company rolling i.e. “startup capital” and maintain a prudent reserve while they actively build their business.   This is the number one reason for failure.

The best way to move yourself through the cash flow quadrants is to maintain your employment.  Begin a self-employment venture with your eyes on building a business system and no matter what always pay yourself first and invest now.  Take ten percent of everything you make and begin to invest it.

Today there is no lack of the next best get rich scheme, business opportunities, or investment opportunities like Forex trading, no money down real estate ventures to name a few.  Most of these opportunities are beneficial but not to you!  They all proclaim their ease of use or that simply anyone can do it!  They all preach, “I did it so you can do it too”!  “I am so rich I just want to teach you how to do it as well”!  “Oh by the way we have a mentoring program for you”! Chah-ching they make their money selling you books, kits, mentoring, soap and some hope!

Wrong, wrong, wrong!  Evaluation is the key.  Here are some aspects of a business opportunity to look for:

• Is what they are telling me really possible?  Sure if you go and sign up ten people that go get ten people that get ten people ad infinitum and you all buy the $2,000 startup package you may earn what they are suggesting you earn.  Look if it is easy it is probably something sleazy!

• What are the fees to begin my business?  You can quickly tell if they are in the business of recruiting you for your $500 to $2,500 business opportunity fee.  There is nothing wrong with paying your way in to a company that allows you a real opportunity.  McDonalds is not a free franchise system.  But look carefully at the whole package and what you get for that startup fee.

• The most important information you need is the compensation plan.  Steer clear of these unexplainable compensation plans.  If it cannot be explained easily it is suspect.  When you hear things like “I can’t explain the system but the guy that brought me in is making millions in fact he is about to leave his job soon!”   Before you act get it in writing and make sure you do not need to be a rocket scientist to figure it out.  A system should be simple, you sell product X you get paid Y.  Your commission is based upon Z when you do Q you will make 50% commission.  If you begin to build other distributors you will be paid XX based upon the difference between your commission and theirs.  You will be given a bonus based upon total sales volume for the month if you reach a defined standard.  Anything that steers too far away from that is guesswork at best.

• Do you actually own the business you pay for if not can you gain ownership or stock, how and when?  It is not your business if you cannot own it or sell it!

• What kind of training and support can you expect?  Is your training solely online training?  There should be a solid balance between online, on-the-job and classroom training.

• Do you need a business license or other licenses to remain in compliance with local, federal or state laws?  If you need a license this is a good sign that there is validity in the opportunity.  However if there is no need for a license that is not an automatic out!

• The next huge information you need is what is the spread?  The spread is the difference between what a product is sold for and what you get paid.  For instance you may have a great toothpaste product that sells for $4 it whitens better than any product known to man.  You earn $2 on every tube you sell.  You need to make an extra $1,000 per month so you need to sell 500 tubes.  Look for products that people need, with high spreads and higher dollar purchase prices.  If you need to sell one product that you earn $1,000 as opposed to 500 you must take that into consideration.  Surely the toothpaste may sell well but when it comes down to it, will people put their credit card on automatic payment for toothpaste?

• Make sure you do your due diligence.  The Internet is a great place to look however be careful anyone can say anything on the internet, so do not believe all you read especially on the negative forums like the “Ripoff Report”.  Simply because someone says it loud enough or long enough does not make it so.  Ask questions, use the information we offer above as a guide, and check reputable sources like the Better Business Bureau.

Remember when you are looking to move out from under the thumb of a boss or limited income potential it is best to limit your potential risk.  Network Marketing or Multi-Level-Marketing (MLM) companies can be advantageous for the individual with no past experience.  Learning sales skills, getting a good dose of rejection yet with a huge upside potential.  Real estate investing has huge potential however there is a huge downside as well.  Do you have sufficient credit if you do not have the cash?  Forex trading?  Run and run fast, you will lose more money than you care to.  How about day trading?  Do your homework and prepare for a huge learning curve.

Nothing is easy.  It all takes work however your best bet is to look at an established business system such as Network Marketing or MLM.  Do not get caught up in the whole negative aura of a “Pyramid Scam”.  The truth is every business in this world is a pyramid.  There is a top guy and they get you to work for them.  Stay away from true pyramid scams that only have you put money into a kitty and get your friends to do the same.  You will lose your money and your friends.

If you are serious about getting out of the rat race and want to win in life fill out our contact form so we can keep you posted and do your due diligence.  Also as a way to get you off on the right foot for whatever endeavor you begin go get yourself a copy of “Think and Grow Rich” the classic Napoleon Hill on how to build and keep wealth.

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