www.WealthySelf.com

Personal, Time and Financial Freedom

Starting and Building a Business:  Consider Your Options!

Thinking about starting your own business?
What are your options?

There are hundreds, if not hundreds of thousands, of different businesses and business models to consider before going into business for yourself, and each has its own set of pros and cons. The biggest roadblock to starting or buying a business is that most businesses that are going to provide the return you're looking for require a considerable up-front cash investment.  In addition to the large investment, the time commitment you must make when starting a business can ultimately turn out to be be far greater than what you have experienced in any job, and the return is not necessarily worth the extra time or the financial risk, which is where your serious consideration is required.

Let's take a look at some of your options for starting your own business:

Option 1: Buying a Franchise  You could buy a franchise such as McDonalds, Burger King, Wendy’s, Subway, or Dominos Pizza, but you will find they have many BARRIERS TO ENTRY. You will need to make a large upfront cash investment (average start-up cost between supplies, location, etc - can fall between $400,000 to $1 million), and in the end, what you are really buying yourself is 90-hour-a-week job.  You are going to be stuck in one location all the time, and you will have to be there everyday to oversee the operation. You are not going to increase your time freedom and personal freedom is a big component to true wealth.  Most people look for business as a way to create financial wealth so they can live a more joyous, fulfilled life and 90-hour work weeks, coupled with severe financial pressure to perform is typically not the answer.

With a franchise, you are also going to be required to pay royalty fees for the life of your business. These fees are in addition to all of your operating expenses, and in many cases, they can prevent you from being profitable.

The following shows a few examples of franchises taken from Entrepreneur.com.  Be sure to note the "net worth" and "cash liquidity" requirements which would prevent the majority of people from even considering this option:

Gymboree - Children's clothing retailer and play center
Total investment: $141.4K - 286.8K
Franchise fee: $45K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable 		Net worth requirement: $250K
Cash liquidity requirement: $70K
where seeking Franchisees: Nationwide

 

Shakey's Pizza Restaurant - Family pizza restaurant

Total investment: $396.5K - 1.6M
Franchise fee: $25K
Ongoing royalty fee: 4.5%

Net worth requirement: $750K
Cash liquidity requirement: $150K
Where Seeking Franchises: Arizona, California, Colorado, Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, Nebraska, Oregon, Texas, Utah, Washington, Wisconsin

Deck The Walls - Art, custom framing and wall decor

Total investment: $180.9K - 245.2K
Franchise fee: $30K
Ongoing royalty fee: 6%
Term of agreement: 10 years, renewable

Net worth requirement: $250K
Cash liquidity requirement: $75K
Where Seeking Franchises: Nationwide

Option 2: Traditional Brick & Mortar Business  In almost every case, when you buy yourself a traditional business, you are doing nothing more than buying yourself a job... only with more headaches.  You assume all responsibility, and you must be there all the time to make sure that everything is running properly.  There are numerous costs associated with operating a traditional business including inventory, rent, and of course, personnel.  Not only can these requirements be financially draining to a business owner,  but just maintaining the needs of the business with employees, inventory and site requirements can consume everyday of your life.  Like a franchise, the intention of creating true wealth inclusive of personal, time and financial freedom is limited with the consumption of your time.  Administrative tasks also take up a tremendous amount of time with traditional businesses.  Furthermore, the success of your business can be highly dependent on the state of economy ~ or the perceived state of the economy in the area in which you conduct your business, and with most businesses, you are bound to one location.  Long hours trapped in one location do not give you the freedom to spend more time with your family and friends or be able to take vacations, travel, and live a life of comfort and privilege which led you to go into business for yourself in the first place.  Costs are also a barrier to entry.


Here are few examples of business that you can purchase - again, please note the limitations:


Waterfront Motel
Asking: $850,000
Gross: $150,000
Cash Flow: Not Disclosed
Location: West Alabama, Alabama 		Summary: This neat-as-a-pin waterfront motel in located in West Alabama. The property has 24 units plus a 2 bedroom apartment. All rooms have newly installed air conditioners and also refrigerators, microwaves, coffee makers, and hair dryers. There is a commercial laundry room for the motel and a separate laundry room for motel guests.

Custom Closets and Shower Door Manufacturing

Asking: $750,000
Gross: $1,100,000
Cash Flow: $234,000
Inventory: $56,000 (not included in the asking price)
Employees: 13

Summary: An 18 year old family owned business servicing the Bathroom and Bedroom industry supplying products for window treatments, storage, ventilated steel shelving, partitions, laminated shelving, mirrors. In addition to the asking price there are assets of $340,000, including inventory, office equipment, trucks, woodworking shop tools and machinery.

Bagels/Delicatessen/Convenience Store


Asking: $565,000
Gross:$741,965
Cash Flow: $128,032

Summary: Excellent opportunity for entrepreneur to take this great business to the next level. Wholesale bagel operation potential, currently manufactures bagels only for retail operation but has capability and equipment for larger scale operation. Retail portion of business includes seating for 10, great food, deli, convenience store.

 

Option 3:  Utilize a Business System that is Proven to Generate the Results You Want  It may require shifting your beliefs about money ~ and the degree to which you feel it has to be difficult to accumulate wealth ~ but there is a better option.  As previously stated, every business has it's pros and cons.  Although the downside of franshise-ownership is clear with the associated costs and time requirements, one of the main allures to franchise-ownership is the fact that they utilize systems.  A business system allows an owner to plug in into that which is proven to work, and provided the business owner is coachable, willing and able to follow the system, the projected result can be expected.  The key determining question for those considering which business suits them best is,  "Am I willing to follow this system for these projected results?" As seen with franchises, the system may work, but the requirements are costly~ personally and financially.  When looking at a business system, be sure you know your intentions.  What do you intend to generate?  How long do you intend to wait to turn a profit?  How many hours do you intend to invest each day, week?  What do you choose to spend your invested time doing?  Where do you choose to do your work?  What kind of lifestyle will your business provide you with?

In consideration of your intentions for going into business for yourself ~with the purpose of creating true wealth in your life, inclusive of personal, time and financial freedom ~ consider this simple, proven business system that countless others are using to achieve the personal and financial results from the comfort of their own homes.

Can you picture yourself as the business owner who has the flexibility to travel the world, spend time with your family and the people you love, has the time to do the things you want to do when you want to do them, without the stress of managing employees or worrying about your income coming to a halt just because you're out living your life?  If not and you're not willing to see yourself that way, why bother becoming a business owner?  You might as well choose to remain discontented in your current job or business, because without changing your thinking, you can not possbily expect to change your results.  You might as well save yourself the time, effort, energy and money if you're only going to get yourself a new version of the same.  However, if you answered "YES!" and you can see yourself living a WealthySelf lifestyle, allow us to introduce to you a business with a simple, proven  marketing system in place, an extremely lucrative business model, rock solid leadership, mentoring by highly successful entrepreneurs and profits as quickly as you want them.   No franchise fees, no royalties, no inventory to maintain, no employees and no massive investment to start.  Plus, it is a business system that allows you to work from home and work your business around YOUR own life. 

So what is this business and how can it create wealth so seemingly simply?

This business system, your own home-based business, is in an industy that is absolutely BOOMING, THRIVING, EXPANDING GLOBALLY:  Personal Transformation, and it's not a passing fad.  Why?  Because the service provided is forever in demand... for just as life continues to exist and expand, so does the quest for fulfillment in life.   The highest level of service anyone or anything could provide one with would be the service of providing  that one with EVERYTHING that one would desire in life.  Unfortunately, no one is able to do that for another.  FORTUNATELY, one CAN do that for themselves.  But it takes some inner work.  The fact is, you're going to have to work at your results in life no matter what.  The question, then, to ask yourself is, "What work am I going to do for what results?"  People all around the globe are looking for ways of leading a more fulfilled life, and the Personal Development, Personal Transformation, Personal Growth Industry provides those resources.  The value of the service provided via the personal growth curriculum,  the community of empowerment and inspiration, and the income vehicle of direct sales of the comprehensive personal growth curriculum is infinite and so is the opportunity associated with that value.

You’ll learn how to:

    ♦Take control of your financial future
     ♦Change your life and your lifestyle starting this week!
     ♦Enjoy a lifestyle of your choice.
     ♦Stand on the shoulders of giants to see further than you ever have before.
     ♦Have everyone wondering how you “did it”!


Plus...

    ♦NO personal explaining...just plug others into the same system
    ♦NO hassling your friends and family...discover how nice it is when they come to you!
    ♦NO hiring staff

 We'll supply the system, the training, and help establish your goals with a road map to your achievement. You supply the desire, inspiration and willingness to learn, be taught, and have follow through, and you will find the success you are searching for.
 


 
The bottom-line question is this:
Are you satisfied with your results, right now? Are you getting everything you want in life, right now?
Chances are, if you're reading this, you know there is a change needed for you and for your life.
  
Are you ready to take ACTION?

Do you believe you are led to the next step in your life? Are you willing to follow this one? We've noticed coincidences and serendipitous events in our lives. And when we've followed them, we have grown and found success. We found this business to be that type of an event for us. Perhaps it is that for you, too... but you will never know if you let fear stop you in your tracks.  Ever felt that has happened to you before?  You wanted to do something, but fear got in the way?  Ever felt that what you wanted to do was "too risky"?  Understand this:  The biggest risk you can take is to not take risks.

If you want to enjoy a lifestyle where you have an abundant income and the time to actually enjoy it, we will show you EXACTLY what people in this business are doing to achieve that from the comfort of home in less than 24 hours per week.

By submitting the above contact form we, or one of our associates, will contact you so that we can have a brief conversation as to what you are seeking and whether or not we are able to assist you on your quest.  Keep in mind that getting different results from what you are currently experiencing will require thinking and acting in a different way.  You can not expect to get different results if you continue to think and take the same actions that got you the results you want to change.  Also, please understand that we do not chase people, and if we contact you and are unable to reach you, we will leave it up to you to take action and get back to us. 

***Please be sure to to add wealthyself@hotmail.com to your safe sender list so that we will be able to reach you via email should that be required.***