I stand corrected. OOPs, WRONG again.
 

OK. There you go. I was wrong, takes me back to 1976, Aug. 16*, the last time I was wrong.

Thanks Steve for showing us that there are many ways to build a business and increase income, so my choice of curb painting was not a good one, I should have said, running a forum. HA!

GordonJ

PS. *My wedding day.

Making money vs starting a biz.
 

Many a thread in archives about this.

I sell my TV on front porch, I may make some money.
But I don't have a business.

Selling weed at the playground, NOT a business, BUT, a lucrative operation.

By the way, probably because of Rio...what would happen if we made PED (performance enhancing drugs) legal and just leveled the playing field OR offer two choices, the PED Olympics, and the "Clean" Olympics.

Also, NFL owners, bigger thieves than Wall St. Bankers...get real with WEED and your players. Let em smoke, maybe they won't beat on their wives and girlfriends, just give Frito-Lay a boost. I say, let there be more Lyle Alzados...if we want gladiators on the field, don't restrict them.

Anyhow.

Is there a PED for making money? Uh, oh, some vitamin/supplement shill just got all excited and wants to expound on some wonder drug for business success...please don't.

Not everyone wants to start and own, and MAINTAIN a business, but look for other options.

The SQ1 show several options on the Pictogrigm of Finances:

http://www.sowpub.com/gordon/financialpicto.gif

Under the "sources" list on the left, we see absentee owned businesses and also joint venture and partnership. I still know people who belong to small investment groups, mostly in real estate, but also in businesses.

Those represent one way where money comes in, without the work, and are probably the least utilized way of cash flow. Most don't think about them or fear they are too complicated.

We also see chattel on the sources side, and as members here know, I'm a big believer in buying and selling for a profit. I don't know of any faster way to make a quick 1,000 to 10,000 bux for the amount of effort needed to do it.

Steve Ski gave us an example of how Curb Painting can be a quick cash thing to do, or built into a very nice business.

We have hundreds of discussions in the archives about how DOING things can bring in fast cash, and that ORGANIZING the doing of things can lead to a lucrative business.

My opinion is, most should start with making money, BEFORE, they start a business. One of fastest tracks to failure is not having a business knowledge foundation to build on...and you can see evidence everywhere when 99 of 100 business start-ups fail.

Making transactions is the cornerstone of both, but in business, it is only the cornerstone, there has to be a "building" (not brick and mortar) which surrounds it...

whereas, making money, can be a one off, stand alone transaction, which is not limited nor governed and can be a penny to a billion bux.

More on choosing the right thing for you and questions are welcome, opinions are welcome, experience shared is greatly appreciated, thank you.

GordonJ

Old topic without interest.
 

Guess after 16 years, we've tapped out the interest in the subject of making money. In a realistic way.

Better leave this topic to the WSO and those guys.

But thanks to the guys (ones who don't need it) who have contributed, you've given us some great ideas.

I know I'm better off from the contributors here, so thanks again.

GordonJ

PS. NOT going to be a sticky.

Re: Listening to mentors.
 

Hi Gordon,

This is a universal problem - not only in marketing and biz opps.

Richard Feynman, the Nobel Prize-winning physicist, had the same problem. Once you think you know too much, you can't see the new ways... As the saying goes, it's hard to teach an old dog new tricks.

Feynman's solution, as I remember (from his writings), was to try to always assume nothing. (The more you know, the harder this is to do!)

In the example you're talking about, that would mean assuming you DON'T know best and just try what they say works. Once you make it work by following the method exactly, you can then modify it to your heart's content - but that should be a LATER step, not the first step!

Just my 2 centavos... :)

Best wishes,

Dien

Re: Old topic without interest.
 

Hi Gordon,


Remember those days when we told those we knew, "I'm going to work from home"? There response was...

..."That's not a real job. You're just being lazy and you don't want to work"

That was the market then.

So what happened?

The market shifted.

Working from home became an obsession.

Desire to work for oneself? Reachable. Reality. Realistic.

Since then the market shifted again.

Desire and fulfillment without labor? Reachable. Reality. Realistic.

I said all that to say this, we, you and I maybe Dien too, represent the previous market.

We see the value of working for ourselves, being in the mix, seeing the process from start to finish.

This generation as a whole, does not share that value. Sure there will be your renegades that will latch onto what we know works.

But it is the masses, who have been conditioned to live, love, work, and earn from the confines of what they hold in their hands.

The topic of making money will always be of interest.

But, "there's got to be an easier way to do this", dominates the market until...

...The market shifts again.

Re: Failure is not a forbidden subject.
 

Here's a good article on why most companies go out of business.

http://fortune.com/2016/05/12/xero-s...iness-success/

Cash Flow.
 

From the article, a one sentence summary:

Most operations go out of business because they don’t have enough customers or money—normally at the same time.

A guy named Ben Suarez came to this same conclusion over 40 years ago, and while lifting weights, the NPGS (Net Profit Generator System) came pouring out of his mind like a computer print out.

A few billion dollars later, and 40+ years, too many start-ups still forget the fundamentals of CASH FLOW.

ADD in all start-ups, and the failure rate is more like 1 in 10,000 make it. Most of the time, the failure is found in that one sentence.

Thanks Leanora,

GordonJ

I just wanted to say
 

Thank you for this pictogrigm!