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The Deficit is the Rich Man’s Investment

The poor man’s recession is the rich man’s investment. The deficit system we have now eventually becomes more money for banks when the government inevitably pays back the money borrowed with ten percent interest. The economy the European bankers and money lords of America monopolized can be abolished by a simple majority vote in congress. President Barrack Obama has the perfect opportunity to reappeal the Federal Reserve Act. So that Bank members don’t have control of the New York Federal Reserve Bank, and our taxes don’t go to paying these banks the extra ten percent interest. This is the system that President Abraham Lincoln and John F. Kennedy wanted. They wanted U.S notes with no interest being paid back to banks. It is time to destroy the greedy system the rich bankers created for our U.S economy.

It is also time for the United States to invest our tax money to new people that haven’t had the opportunity to prove themselves. The bailouts should go to the poorest people, not the rich corrupt executives who have controlled this country from the beginning. The Executives have proved to make bad decisions which caused their corporations to fail, and for that reason they shouldn’t be given any bailout money. They are the ones that caused the economy to go into a recession in the first place, and unfairly they get to keep their millions of dollars that they don’t deserve. The poor people should have a chance to prove themselves. Forty-million of the poorest people in the U.S. should be given twenty-thousand dollars a piece to stimulate the economy in the direction people need it the most. The poorest people in the world should have the equal opportunity to help the economy as the rich executives had. The rich executives already had their chance and failed to help the economy.

First Person: Our Small Business Was Too Far Ahead of the Times

Years ago, long before it became a commodity service, my husband and I recognized the value of providing off-site data backup for home and small business users. We both worked in the technology field and had seen the cost of storage go way down, and recognized we could offer the service at a low cost. We incorporated our business, purchased hardware and started marketing. The business ultimately closed at a loss 2 years later, but the lessons we learned were well worth the cost, and proved invaluable to us in our other business ventures.

Have Enough Funding to Weather the Startup

Some small business owners make the mistake of only gathering the money necessary to open the doors of their business and count on sales revenue to cover operating expenses. It takes time to build up a client base or to gain exposure, even with aggressive sales and marketing.

For us, our issue was not so much capital start up costs; we didn’t require a store front, simply an internet site with back end hardware. However, we needed enough funding to gain market share and loyalty early on, so that we could fend off the competition a year and a half later when other competitors recognized what we had and started to gain entry into the marketplace.

Create a Business Plan

Business plans, even when they aren’t used to acquire funding, are a great tool to get you to think through all aspects of your future business, such as what will differentiate your product from others? What will the competition look like? Is your pricing model returning enough profit? Going through the process of documenting your intentions not only helps clarify them, but will also prepare you for such a time when you do want to speak to investors and get more funding.

Understand Your Break Even Point

Many small business owners don’t invest enough time to understand their costs and their break even points. Because of this they price the product improperly. My husband worked for a small business that sold software. Every time they made a sale they got an influx of large amounts of cash and thought that they were financially sound. When they finally got someone to document the business model, expenses and cash flow, they determined that they were actually losing money over time. The more software they sold the less money they made.

For us, the break even point for this type of service was too high because of our marketing costs. We we’re ultimately done in by companies that could offer the service at an extremely lost cost, one that was cost prohibitive to us.

Sometimes You Can be Too Ahead of Your Time

Time and time again I’ve seen fabulous ideas come out too soon for the public to understand why they need it, or for the infrastructure to be there to support it. I worked for an Internet Hosting Provider that had online shopping, at a time when people only had dial-up connections to the Internet. By the time DSL, Fios and Cable came into place for homes the company was long gone.

For our small business, trying to get people to believe they needed to backup their data at a time before people were really using digital cameras and doing all their bills and checking online, was too difficult a sell. You do want to be ahead of the curve in recognizing an upcoming need, but if we had spent more time on the bullet items above, we would have spent the time acquiring more money for marketing, and come into the marketplace in just the right time.

While shutting down a business you put your heart and soul into is gut wrenching, it provides you priceless business experience. I am a firm believer that you learn more from your failures than your successes, and this event definitely put us in shape to succeed in our next venture.

Internet Marketing Madness – 3 Sanity Saving Strategies For Your Online Business Productivity

There are a vast amount of elements to sift through on the internet and it is more than enough “stuff” to make you feel like you are going crazy. And while you are going nutty, your internet marketing efforts have not produced any return on your time and money investments.

Trying to figure out what marketing strategies are best for your MLM opportunity or which informational course you should purchase and implement, are all a part of the dynamics of doing business in this virtual environment. There is, however, some relief with these 3 Sanity Saving Strategies that will keep you off the cliff and keep you in business.

Clear the Clutter From Your Mind – As the saying goes “Garbage In, Garbage Out.” There is some truth to this saying, no matter how ugly the truth sounds. Before creating tactics for your business building strategies, it is just as important to have an organized space as it is to have organized thoughts and a “free” mind; free of distracting thoughts, free of unproductive “noise,” and free of negativity. You may have heard the importance of changing your mindset; and eliminating your mind of all things that will prevent you from achieving your goals. This will help prevent you from feeling overwhelmed. When people feel overwhelmed, they start doubting themselves; and then they what? They quit? They stop working towards their goals and stop managing their online business. Don’t let this happen to you.

Unsubscribe from the Junk - Several years ago, you were on a hunt; a hunt to find the perfect internet business. You soon discovered that the perfect internet business did not exist and that your earning potential was not reliant up your MLM’s compensation plan, but rather, based on your leadership, knowledge and perceived value. Your email in-box is still getting flooded with ancient old solicitations for “making millions” online and over hyped home based business opportunities. But why? Do you even open these emails? If not, delete and unsubscribe from these lists. Dedicate a couple of minutes each day to cleaning out your flooded email account so that when you do check your email, you are greeted with communications that you actually want to read and will help you with your business building goals. Only remain subscribed to the lists that you are able to find true value and inspiration from. If you haven’t read an email from a specific list in 2 years, what do you think you are missing? Absolutely nothing.

Multi-Tasking Is Overrated – There are only 24 hours in a day; I get it. However, multi-tasking can be counterproductive and actually can cost you more time. When you try to write emails, tweet on Twitter, write a blog post, make a video, all while cooking dinner and changing the baby’s diaper, you are destined to feel like you will never be able to achieve or complete any business building activities that will help you create a steady residual income. Don’t put too much on your plate at one time. Focus on one business building strategy at a time and complete an activity before you start another one. By doing this, you will feel a sense of accomplishment and you will want to work even harder on your business. You didn’t start an online business to drive yourself in to the ground and waste time. Remember to engage in activities that are going to build your business and refrain from becoming involved in “busy work.” If you remember these two things, not only will you be able to keep all of your hair, but you could also build a successfully business during the process.