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 […]
THE BEAUTY OF HAVING YOUR OWN BUSINESS is — in my opinion–the great chance you have to hit it big! Why? Because in YOUR own business: FOR THESE REASONS I KEEP URGING YOU to try your own business. Sure, YOU may have to start small and grow big slowly. But the important point is that YOU: ADD TO YOUR CART NOW . . . JUST THE OTHER […]
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 […]
No joke. This is going to be a bullet FAQ on starting a business. If you’re a lawyer, feel free to disagree with me so you can charge someone your BS fees to give the same advice. If you can think of anything to add, please do so. I might be missing things. If you […]
In this article, I’d like to give you a problem! The problem is this — quickly: You — or any other BWB — wants to make money fast! What’s a good, quick way? We’ll define the problem a little more. You, or any other BWB, has these conditions to face: What would you do under […]
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 […]
MONEY YOU RAISE FROM THE PUBLIC (often called the man or woman in the street) is an investment in your business that never has to be repaid like a loan. You just work as hard as you can to make your business grow so an investor’s money grows and he/she profits. You can go public […]
It’s always a great pleasure to hear from a reader that the IW$ ways work. Just this week a young IW$ Newsletter reader called to say that he had obtained a $50,000 loan using my two-step method, namely: (1) Offer a finder’s fee, and (2) offer a cosigner’s fee to get your loan. It worked […]
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 […]