tailieunhanh - Make Millions and Make Change 4

Make Millions and Make Change 4. This book focuses on a high-growth, small business theory with a particular emphasis on modern technologies and marketing. We feel these areas are often shortchanged in business academia but still offer the most opportunity for small businesses. Make Millions and Make Change! is a living document that can serve as your raw code to “get rich and serve the world.” It will be most effective if you are adding to it constantly, fine-tuning the elements that work best for you and eliminating those that don’t | Make Millions and Make Change 30 Make a Winning Plan Chapter 2 Make a Winning Plan Objectives 1. Explain some of the options for entrepreneurs in the early phases of corporate planning 2. Enlighten you on your best bets for starting a business 3. Offer suggestions in creating a successful business plan 4. Discuss the power in properly naming your company and brands 5. Review some of the documentation that will be necessary for you to succeed When choosing the type of company you want to operate selecting from an area where you have previously worked or studied can be extremely advantageous. This can save you considerable time and will obviously hold more of your interest. Yet if such an area does not offer the highest long-term financial gain it may be best to choose another path early on. From a business perspective training to work in a field that you are passionate about would be your initial Best Bet as opposed to investing your time in something where you have no personal affinity. Peter Lynch of Fidelity Magellan Fund put forth the mantra invest in what you know or what is near to you. Ostensibly to invest in something you do not understand would be folly. Warren Buffet invests in the same way as you can tell from his investments in See s Candies and Dairy Queen. 31 Make Millions and Make Change Spending your life training for one particular type of business would probably not be easy or always fun and this may not be the right path for you. However if you were to do so there is usually a significant financial benefit. However if you did train for much of your life in one area there is no assurance you would not abandon that field for any number of valid reasons. Fortunately there are additional great options. If you haven t trained your life for one business . your Best Bet your Second Best Bet would be to go into a line of business that you are naturally attracted to even if you are not currently experienced in that area. For example if you have a .