Do You Need an Income While Starting Your Business? Develop real business plans ahead of time.LEARN HOW TO GENERATE CASH NOW as part of Your Real Business Plans The First and Best Choice for Most is Safe and Steady Real business plans need to be developed for most people who are new to internet businesses not only with regard to building the business but also for financial stability while in the initial stages. For those who have money to invest and / or equity that can be used to generate monthly cash, then this section is for you. The idea here is that you need time to learn, develop and grow your new online business. If the job you have now allows plenty of time so you can focus on your business then you’re okay. Many people, though, cannot focus on the business to the point of getting everything done and making real progress with the business. So, generating extra income while establishing the business so bills are able to be paid must be part of real business plans in the beginning. So, if you have $50k - $100k that can be invested you can generate $2k - $4k in revenue each month. If you have a home that is substantially paid off then you may have more than enough for this strategy. You may want to read one of Douglas Andrew’s books on the subject of using the equity in your home. He does a great job of explaining the value of accessing and using the money that is otherwise sitting in your home earning a 0 rate of return. I have a number of these books that I send to those who are interested since I used to be in insurance and securities (his ultimate suggestion is to reinvest the money into insurance which for some folks is fine but this section you are now reading provides a much better option with just as much safety). Email me for a copy of Last Chance Millionaire by Douglas R. Andrew and I’ll ship one out to you for the cost of shipping. The strategy I’m suggesting as part of your real business plans is found at the site of OptionsMentoring.com. I have a long time friend who started using this system nearly a year ago and he has been very pleased. This is a very safe approach to earning a good rate of return on your money. In a nutshell, the concept is that they teach you how to WRITE stock options. The writers of options are the ones who make money even though you read ads about programs that teach you how to buy put and call options. The vast majority of those who buy options lose money unless they are working with someone who really understands the world of options trading. So, with this program you spend a few months learning and testing it and then like clockwork you can begin to count on an income based on the amount you are investing. Once again, this is appropriate for some folks under certain circumstances and it is not for everyone. I’ve included it simply because I know people who are using this format and it requires very little time to implement each week (a few hours per week). This way, you can have the time needed to build your business. You need to use real business plans to start and grow your business. Accounting for the fact that it will take some time before you are generating a high income and what to do in the meantime is part of those plans for most folks. A Second Riskier Consideration – Commodity Trading Here is another way you can generate an income if you have at least $25k to invest. I know this is going to sound like it’s way over the top and for some it is. Again, this is not the choice for most people, I include it here only for those who are serious about changing their lives and are willing to take a risk to do so. This strategy I can personally vouch for as part of a real business plans strategy as I used it myself but you must understand it is not easy unless you use professional guidance. I use the Elliott Wave International website and purchase the newsletters and daily market analysis that I need for the markets I trade. The suggestion I’m making here is that commodity trading is a viable means of trading and generating a substantial income to sustain yourself while building the business. You must, learn it and understand it clearly BEFORE venturing into this realm if you expect it to become a true source of income. I can help a few folks with this if we are working together on any other internet business opportunities. I will make recommendations as to precisely what to read, study and how to practice before getting started. One More Safe and Steady Cost Savings Idea CMGHome.com provides a means of reducing your interest expense thereby freeing up money on a monthly basis. While this will not generate actual income it may help some who just need to reduce their monthly outgo AND also pay off your home much sooner. In this way it can be a part of real business plans in a long-term way. The website is self-explanatory and I am sure you will find it most interesting. It is a bit of a modified version of what Douglas Andrew teaches in his books but does not involve taking equity out of the home. None of these methods fit into real business plans if the risk is greater than the reward so in each of these examples we are not considering risky methods but rather safe, sound and consistent methods. WWW.OptionsMentoring.com
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