Many people are, understandably, skepticism when talking about the long-term viability of their business however, there are many traditional business practices that can easily be outsourced for flexible business solutions without having to come up with a quantum of start-up or capital investment. I’m sure you’ve seen big businesses have their books created by professional accounting people in excess of a year’s time, or some of their investments where they can save money and instead of investing that capital in other areas of the business, they agree to meet daily or weekly in one-to-one with a book-keeper or accountant in their office.
They’re growing in number by getting as much standard business out of folding companies and taking someone else’s material, repurposing it and selling it, licensing it, printing thousands of books for re-sale, etc. Although it doesn’t look as professional as a startup or small business, you can often profit from these businesses for a fraction of the start-up cost. Given the travel expense and time of transcription, production and distribution, organizing and preparing your book, you can often profit from very few of these cold companies.
On another note, there are many companies that are very eager to receive your creative ideas and then charge you for your book after you’ve agreed to write it and produce it for them. They charge you a production fee, an entry fee such as a royalty fee for using your material for the production of another book, editing, etc. no wonder managers and authors are hesitant about handing over their rights.
It can cost you tens of thousands of dollars’ worth of time to hire such services, but it would not cost you a Brian Tracy, Alan Sugar or John Grisham.
When looking to start your business or to produce a new book, it is essential to get good ideas rather than waste time. However, it makes total sense for you to start your next business in their region. I know I’ve met many book writers and internet marketers that started in their local area (rather than off of their own country) and the interest built momentum and eventually got enough money and promotion that their work started to get noticed outside their local area.
I’m talking for example of NASA quotes or Bill Gates quotes (on their unniously specified web-site),writers with noted lists having developed memories about surety bonds for their clients, where people who may have been interested in their particular Niche Market before then, find themselves suddenly very interested in the niches that the self-gressive author is writing about.
Focusing on ideas of interest to your niche community has all of the potential to produce huge streams of income over by the year or even in some cases, better than predicting the definitive Rich Dad’satch. Indeed, if you consider investing in a seminar that will offer potential customers the chance to discuss ideas to grow your niche, you’ll almost always get big action and a vast increase in profits. So think about it; if you do not have enough ideas to make your next business big, never start a business until you develop your own niche market, hot products of recognized payments, large lists, cash flow and more. Otherwise it’s “lapak303” and risky. I know many small businesses that have spent countless hours researching some new way of getting a website to bring in a steady stream of cash without totally understanding the theory of turning their ideas into a fast-specific niche market.
My recommendation to fellow business-owners, is to invest smartly in the idea-to-commercialization business model.
If you are serious about getting over the recession and into growth mode, move into high-value work:
- Market first – avoid guessing about what to do with your customer list and research. Spend more time with your list, and listen to your prospective customers.
- Profit from your ideas – it works no matter what business you’re in.
- Test everything on your list. Learning as and when you need to know when to sell, when to market, what you should charge and how.
- Borrow or “send-in” investment money you can no longer afford to invest. During recessions investors are looking for ways to get out of their investment projects so they can make more profits. This is one guy you need to talk to.
- Make it fun. If you don’t make it fun it will bring your future along-with it.