From difficult times, evolve great ideas and opportunities. There are many reasons why you should be cautious in this kind of unprecedented market cycle. But sometimes, if you are creative, you can find a way to fill a void or find a new opportunity while others are retreating. Just think about the very money managers and hedge fund managers that predicted the sub-prime crisis. You too could capitalize on a great idea if you put your mind to it even in this market.
To do this, you must first clearly have an understanding of how business in a particular sector works. For instance, if you wanted to create a business that would attract foreign investors for real estate investments since US banks are being pummeled with mortgage loss write-downs. You would need to research as to how these investors are being attracted now, understand what the needs and protections are for them, create a business plan and figure out what you can do that is different from the others. Meeting with an attorney on the front end of your endeavor will also save you a lot of time and headache later. They will help make sure you are creating the right type of entity which can shield you from personal exposures of liabilities and taxing inefficiencies.
The key is to think outside the box but fully understanding everything you can about the box first!
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17 Comments
Jack Creighton
http://www.supermarketsoap.co.uk
Jake
http://www.becomingyourownbank.com
We need serious investors who can see the potential and the need to train skills in entrepreneurialism. I am a lawyer and I often go to our local Maintenance Court where I see mothers queing for hours to obtain maintenance for 2-3 children in the amount of R300 (ZAR). This is not even 50dollars.
Pay close attention to your politics, I agree with Mr Trump in his new book. It is important to keep up with global issues,at the end of the day it control the global economy-which streches even down to us.
Deonette
deonette.jansevanvuuren@gmail.com
Luiz Martins
www.g1brazil.com
Thnking outside the box, and visualizing your success, would be paramount in any business endeavor.
Butch Hamilton-SEO Master
Without a plan most business are destined to failure. In the small and home business arena there is a 99% failure rate therefore one should be concerned as to why this high rate. Putting together a solid business plan is essential before further exploration into the other aspects of the business. Then if the business makes it out of the planning stage, the creative aspects of the business need to be explored. I agree with you that in this current economic climate one must be creative in their businesses and think out of the box.
Thanks for reading
Dr. Raymond Jewell, Economic Advisor
Frank Looser
http://www.cnfinteractive.com
http://bricoeconomia.blogspot.com
I haven't see a bigger disaster in my life, not any bank adviser, have evaluated the real economic situation during years, I mean the real econnomy witch concerns the family economy, when earnings remain at the same level during many years and the cost of life have been increased with a non stop grow year after year, the results are obvious, people expending money over their possibilitys during years and suddenly the interest rates rise a litle, so they notice that money is over at the end of the month, so to keep paying their debts, people start to reduce their exppences and step by step is less money running around, business reduce sales, less income for everyone, people fired out etc etc..
consecuence.. no money out there, people uses money first at all to live, and forget paying the mortgage and so the market fall down, it becomes in a decreasing spiral, hundred persosns non paying their debts, no problem, millions non paying is a crack.. solution? how do we can give money to the people so they start to spend money again ad reactivate the economy?, reducing the prices of primary goods around 40%, so we have given this percentage back to their pockets, then the economy will start to run again, if the dirty mortgages have destroyed the financial sytem, prices are destroyng the economy all over. people should not use more than 40% of their income to their needs to live, when they use 75% and over, what can happen is predictible. an exampl, in Spain, the oil cost today is 50% cheaper than 3 monts ago, but petrol prices still the same, free prices is in our capitaist ytem our flagship of democracy and modernism, but when prices goes out of control the future is the same of bank system and mortgages without control, a big disaster,governements have began to take part of banks after a big crack to try to stop what never should happen, will governements wait for another big disaster on the real economy because nobody has done anything to control the prices?, we will seee. so all this kings of Wall St, from best universitys,like Harvard,etc, what have they being study for?, to drive a bank system in to a ruin?, all those brilliant brains?, if we start to sell garbage in disguise, because it gives money, one day we will be all dirty, because the garbage that we have sold will sourroud us sooner or later ,I'm sure that a normal and anonimous business guy could do it better, I always say that intuition , a controlled risk and good nose to follow great ideas are the succes in business, an ex, here in Spain the bank system still strong, our banks are buying foreign banks, our system allways had a very hard control by the bank of Spain and our system is almost not infected by the sub primes, perhaps is the only country in Europe who is not suffering the crisis so hard as the others, now that every body is scared about the crisis, I am leading a group of business people and companies to develop an amazing project witch will launch our touristic area for the future, we will sart to find a foreighn companies who will like to join us, in my own experience, in a moments like this, is when good business take place, so we keep going on, to be scared is the whorse thing that can happen. As Brett Carman says, you can find a way to fill a void .....
In my blog you can see an interesting video about the sub primes, don't miss it, a bit of humor is necessary some times, and even more in a problematic moments.
I am glad a lot of knowledge that my opinions are kept in mind that you/they take the work of reading what is written in the blog. At this time I am reading Donald's book and Robert again Kiyosaki, and it impresses me the accuracy of their comments and the vision that have on the cituacion of the economy, they are really people that know and they demonstrate this way it that good serious to have the possibility to work with so talented people.To I title personal, I want to comment that here in Colombia in fact for my it has been a little difficult to consent to knowledge it has more than enough financial education, for fortune I have been able to create the I inhabit of the reading and this has helped me to have access here to the since knowledge the same problem it exists with the educational system as in many countries, the persoans of humble origin as it is difficultly my case we can end up obtaining a high grade of knowledge on handling and administration of time and money. For my serious one very pleasing to be able to acquire the knowledge to use it in my benefit and to impart it to those who want to learn and to contribute to the progress of my country.
1. a good website. it will be the platform to offer your services all around the world.
2. a company, for example in Costa Rica. using a good corporation structure, to take advantage in our tax regulations.
3. A registration Process: get the commercial license, be inscribed as tax payer (the company, not you).-
4. A bank account: is possible to open and have control from your country, and with ATM now is easy to have access to the money everywhere.
5. A basic outsourcing services, to handle in Costa Rica, payments, tax returns. in fact we have clients with big and also small operations that use this structures, and never visit our country.-
Well, is not time to be a spectator, a world is waiting for you!! and if you need any assistance or need more information, fell free to contact us at: http://www.dyncr.com.-
I'M THE MOST CREATIVE PERSON I KNOW. I HAVE PUT TOGETHER A PRORAM THAT STARTS AT THE ROOT OF AMERICA'S PROBLEMS. I HAVE RECENTLY PURCHASEDD J.J. CHILDERS WEBINAR AND MOVING FORWARD. I SENT A LETTER TO MR. TRUMP. I NAME ALL MY LETTERS
'TRUMP MY ACE" I RECEIVED A FORM LETTER. I KNOW HE IS VERY BUSY, MAYBE YOU COULD LOOK IT UO AND READ SOME OF MT INTRODUCTION.MY MAIN QUESTION IS HOW DO YOU CONTACT FOREIGN INVESTERS?
RESPECTIVLY
TERESA DTR
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