What stops people

Dr.Shoe_2

No one is advocating giving up your day job to run your own business. I have been in business for 6 weeks and already I have recouped my start up costs and made a about £120 profit and I still have the income from my "day job".

At the moment I'm putting in about 7 hours per week but I am so encouraged that I'm going to do a bit more!


The key is is the fact that time is just like money, you can spend it, save it and waste it but very few people realise that you can invest it as well. Time and money are fully interchangeable, you swap your time for money every day or vice versa. Very few people with a lot of time on their hands also have plenty of money, most of us have only one or the other. Robert Kiyosaki's philosophy is to build up to a point where you have both through investment.

shayshay

Dr.Shoe wrote:

I can show you a business right now that you start for virtually nothing; £30 for licenses and first year's membership and an optional £40 to start your training. After this you incur no debts because the products are bought with 2 weeks credit but delivered immediately and your customers pay cash on delivery so you have the money when it's time to pay for your stock.

No stock holding,
Cash positive (you get paid before you have to pay out)
Full access to ongoing assistance and advice from other business owners.
No "skill" involved whatsoever.

Are you going to show us or was you teasing us?

dinkylou

Maybe people wouldn't want to run their own business?

After all theres the stress and worry and the financial risk!

Everyone is different and many people wouldnt know where or how to start.

The_Tax_Mans_Cash_Machine

Setting up your own business doesn't have to involve getting into debt - the businesses that start in this way are the ones that end up running a high risk of going bust.

I heartly recommend the book "tortoise walking for beginners" by Iain Scott. We have been running our part time business for a while & recently won a place on the council sponsored "Enterprise Island," run by Iain - for new business start ups, & people who want to run their own business. We thought we had our business working efficeintly, but it's clear that we haven't even scratched the surface!

The first premise in this book is that starting a business isn't about business plans & all that stuff - sounds reckless, but it isn't, it makes perfect sense when you read it all in context - I'd have a read if I were you - I think it costs about £7.99, so it's a DFW bargain price too!

Dr.Shoe_2

shayshay wrote:

Are you going to show us or was you teasing us?

If you live in the London area I will show you what we do, prove to you that it works and introduce you to as many successful people as you want before you commit a penny of your money.

hbl_2

Ordinary_Joe wrote:

Rich Dad says that to say you can't afford something is a "cop out" for your mind. What we should be asking is "what can I do to afford it?" Because it forces us to become creative.

I think this is the most important lesson from RDPD. This is a powerful positive mental attitude, and I've even said to my friends in the past couple of months, hey, i know last time I said I can't afford, but this time, I will afford it. Ok, it doesn't mean I go out and create the extra money, it's as simple as saying, you know what? i dont need that CD this month, or that book, or that 10th pint of lager... just jigging the budget around and making it happen.

It is much better to say yes rather than no!

Also, I spend all my time thinking about ways to make or save money (remember kids, a penny saved is a penny earned - just apply it to your interest rates to see what I mean), because in the end it'll come more and more naturally until I can see the opportunities before they arise and capitalise on them when they do.

That's the theory, now back to the practice.

saubryn

I'd like to start my own business - I'm actually getting some help from New Deal at the moment, and thinking of taking up a scholarship in a couple of months. The thing is, its hard to get funding to start - especially when you already owe money, and its very daunting.

I'm not even close to starting up yet, and its already hard work just planning, preparing, and getting a watertight business plan drawn up.

Running a business might be great if you can do it, but it certainly isn't right for everyone.

Seraphim

Dr.Shoe wrote:

If you live in the London area I will show you what we do, prove to you that it works and introduce you to as many successful people as you want before you commit a penny of your money.

And here was me thinking you had to commit £30 AND NO MORE for this wonderful opportunity :rolleyes:

Dr.Shoe wrote:

I can show you a business right now that you start for virtually nothing; £30 for licenses and first year's membership and an optional £40 to start your training.

If that was right original statement was correct, I wouldn't have to commit any of my money, bar the £30 for licenses....! (or have I completely misunderstood here?)

Successful "get rich schemes" do exist, but they are few and far between, and my experience is that those in the know are usually fairly cagey because if everyone was doing it, their income would diminish drastically

I'm hoping you will prove me wrong, but I'm a little dubious about your scheme right now!

Dr.Shoe_2

Seraphim wrote:

And here was me thinking you had to commit £30 AND NO MORE for this wonderful opportunity :rolleyes:

If that was right original statement was correct, I wouldn't have to commit any of my money, bar the £30 for licenses....! (or have I completely misunderstood here?)

This is perfectly true, any other costs are optional and would be funded from some of your profits. It's a self funding programme if done properly.

Seraphim wrote:

Successful "get rich schemes" do exist, but they are few and far between, and my experience is that those in the know are usually fairly cagey because if everyone was doing it, their income would diminish drastically

Incomes increase as more people join.

Seraphim wrote:

I'm hoping you will prove me wrong, but I'm a little dubious about your scheme right now!

You lose nothing by looking at it. Where do you live? PM me if you want.

8pnoodles

Both me and my OH are in debt. We've started running a business this year, and sat down and PROMISED ourselves we wouldn't get into debt for it.

He's very into photography, we started off slow doing some portrait work and did our first wedding shoot a week ago. We have four more booked for later this year and next so far. It's something we're both interested in and something he already had the kit for as a hobby.

We've had to fork out for public liability insurance and a few bits of software. And for professional membership to a useful couple of organisations. And that's about it I think.

At the moment the business is making no real money but it's not getting us into debt either. I am not currently a photographer but I'm saving the money for a course and also learning off OH. He is in the army so it's hard for us to take lots of bookings. Once I'm trained nothing will stop us!

Once OH is out of the army in nine years too he'll have a £700 a month pension and a VERY lucrative photography business boosting our income.

I strognly agree with not giving up your day job until you want to, and not taking financial risks, it IS all about being creative. OH needed a lens to shoot indoors for ceremonies and if it rained. The one he needed was £450. We did a ton of research and nope, there was no getting away from it, he couldn't do without, but we found a cheaper option at £75.

There's lots of stuff we could do with, but we make do without and charge less as we know we're not up there with the pros in temrs of either equipment or experience as yet. We're taking it slow(ish) for now.

We're also finding a billion and one ways to advertise for free/very cheap which is always a fun brainstorm to do.