The Instant EntrepreneurBy William CatePublished July 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] If you cr...
The Instant Entrepreneur By William Cate Published July 1998 [http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
If you create a startup national company, you'll spend most of your risk capital trying to find customers. Ninety-eight percent of the time, you'll fail.
You may have a great new product or service that everybody needs. Nevertheless, the world still won't beat a path to your door. You won't generate hordes of customers without spending tons of money and years of your life.
Your alternative to creating a startup company is to do a turnaround. This means rescuing an existing business on the verge of failure. You'll buy the company for pennies on the dollar. You'll make it profitable, within a year. You can find turnaround information at your local business library. You can surf the Net for turnaround information. You must get a feel for the turnaround process before you try it. To succeed, you must avoid the mistakes of the current business owners.
Pick your turnaround company carefully. It should have a loyal customer base. It should make a product or offer a service compatible with your startup company plans.
Your first goal is to make the turnaround company profitable. The basic steps are reduce your overhead and expand your market. List your shares with the help of CFG [http://www.capitalfundsgroup.com] Move your share price to ten dollars. Use your stock to buy CASH-PRODUCING assets.
Once your company has strong cashflow, launch your great new product or service. Your initial buyers are your turnaround customers and the customers of your public company's acquisitions. Invest your profits into marketing your new product or service. Build your corporate revenues to a hundred million dollars by expanding your customer base and acquiring stronger cash-producing assets for your public company. You can complete the process in 5-7 years. Sell your company at Market Capitalization and join the "Rich and Famous" or repeat the process.
The Instant Entrepreneur Strategy gives you the cashflow to sustain your corporate growth. It gives your company the credibility to raise money. It makes entry of your new product or service into the market less expensive, because you are selling your new product or service to your EXISTING customer base.
To contact the author: Visit the Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit the Global Village Investment Club Website: [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]
He has been the Managing Director of Beowulf Investments [http://home.earthlink.net/~beowulfinvestments/] since 1981 and is the Executive Director of the Global Village Investment Club [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/]