by Tyler G. Hicks On a business flight from Europe, we had dinner in the upper cabin of a big 747 jet. During the meal the conversation turned to risks in business and how the risks can be reduced. Most of the people there — both men and women — agreed that you cannot take […]
If a taxpayer disagrees with an IRS decision, they can ask the IRS Independent Office of Appeals to review their case. This office is separate from the rest of the IRS. Appeals officers review cases that taxpayers submitted, meet with the taxpayer informally, and consider the taxpayer’s position and the IRS’s position in a fair […]
Let’s talk about money — borrowed money or Other People’s Money (OPM). It’s a subject that always interests people because money is the fuel that drives the engine of business everywhere in this world. Without money business would stall. Often, I’ve mentioned that the loan supply is like the weather: changeable. Recently, money tightened up […]
In 1983, Warren Buffett sat down to pen his annual letter to Berkshire Hathaway shareholders. Tucked away at the back of the letter was an ad. Specifically, it was a “business wanted” ad. In it, the Oracle of Omaha outlined the type of businesses he and his partner Charlie Munger were seeking to acquire. The ad […]
Beginning Wealth Builders (BWBs) make money in the most unusual ways! Like the BWB I know of who started an incense business with $25 capital, using the bathtub in his home as an experimental lab. Last year the sales of his company passed $2-million! In just eight years he went from nearly a zero-cash start […]
Recent histories of successful wealth builders (SWBs) reveal the efficacy of 100% financing methods to acquire businesses. Examples include a group over-raising funds to buy a firm and individuals spawning lucrative ventures – from seaplane shuttle services to mail-order businesses – with minimal initial investments. Emphasizing creativity and persistence, the writer encourages starting one’s own business over traditional employment to achieve wealth and freedom.
