Trump had a great reception at the New York Stock Exchange this morning, and it looks like his economy is blasting off.
So, get your share!
Start that new business but review your idea and start procedures at www.bizsuccess.school before you do.
Develop a plan: look for our 10-10-10 guide to doing a plan in the near future. Suzy Welch, Jack Welch’s wife developed the idea for personal relationships, but as you’ll see, we think it works well for business. We presented our business ideas to my local SERTOMA club to applause, so we think the process has merit.
One of the things that emerged from the SERTOMA talk was that a business owner might have multiple businesses that he/she is examining. We would advise picking the best one, based on risk-adjusted returns. We don’t yet have a course on how to do risk adjusted returns, but we will, and in the meantime, you can Ask John Anything about it. $87 well spent.
If you will need people and supervisors and money, we have courses in all that in the school.
Don’t analyze your idea to death, either. If it appears that your risk adjusted plan is over 10% cash on cash return, do it, because that’s higher than what you could earn in a mutual fund on an equivalent risk adjusted basis. You can and will refine details after you launch the business.
Lastly, get yourself into a business owners’ group, if you’re not already in one, because the good ones add value. Solutions Forum is one such owners group, and we work from London to Stockton, CA. and in all company categories, from startups to established businesses, and we create millionaires.