Risky Business

I never quite looked at it this way before:

I can remember when I was growing up I started working in my Dads’ grocery store at the age of 10.  Thinking back now at that age from my perspective business seemed all fun and no worries.  I worked with Dad in our family business until I was 30 in which time I learned a few things about business.  One thing I heard from time to time was Risk.  Risk is investing your money in a venture without any guarantee of a return on your investment (R.O.I.)  The return on your investment comes in the form of either money or value of some sort.  An investor can get all of their money back plus interest quickly from the company or person who owed the money, or by ownership of the business that produces an income over time that recovers the original investment plus more.

If you wanted to make money from any business today doesn’t it require you to “risk” some of your money to invest in this start-up?  Of course it does; in traditional business and in online businesses alike.  You may already know some of the traditional business start-up investments like rent, insurance, inventory, etc.   In online and home-based businesses there are also start-up investment fees like monthly website fees, a business start-up fee, and/or a monthly business fee.  Some initial start-up fees I’ve seen $1,500 and up, then a montly fee thereafter.  These costs are all risks, there is no guarantee you will get this money back…of course you hope and maybe believe you will get back your investment.

There are some online businesses that don’t require any money risked at all!  Yeah I know this sounds crazy but let me explain: some businesses don’t have a start-up fee, or website fees, or monthly fees, or any fees at all.  Their business is actually free, how do they do this? by suggesting you buy their products, or services each month they will consider you their independent business rep.  Why is this No risk?  It becomes no risk when you are already buying these same or similar products at your local retail store right now.  When you go to the drug store or health food store and buy a bottle of vitamins each month you are not risking any money because you are getting a guaranteed return on your investment in the form of value for your health.  The same holds true when you buy these same types of products from an online business you join but with a really nice difference…now you can make money too from this home-based business, and all without any money risked.  If you haven’t already found one of these businesses don’t take my word for it do some research and see for yourself.    – Dave Puckett

Wishing you all the best ~ Mark

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  • Anonymous

    Great idea about having your own health food store. Why pay for enzymes, minerals or any health product at K-Mart? I can purchase from myself. The tax benefits of having a home based business are huge. A family of four with an income of $75,000 saves $9,000 per year on taxes by having a home based business.

    You do have to attempt to make a profit, keep records of expenses, and log your business miles one quarter of the year. I am going to log every mile driven in the 3rd quarter this year. Just put where you are driving to, the purpose (drop off product to a customer, leave a brochure or flyer, etc.) and how many miles you drove and you satisfy the IRS requirements.

    I recommend keeping an excel spreadsheet on your computer with these expenses as well as a pocket planner in case you were selected for an audit. Best to be prepared as that is how to be a professional in the home business industry.