It is said that duplication and leverage are the two most powerful forces in the world. Think of a virus or compound interest, and you will understand how a mail carrier can earn a million dollars a year through Network Marketing and how a simple Joint Venture that took an hour to set up can turn into tens of thousands of dollars in pure profit. There is a hard way and an easy way to make money, and I think it’s better to go the easy way.
I am thoroughly enjoying Ray Kroc’s book, “Grinding it Out” – written in 1977 about how he built McDonald’s. It’s an inspiring read of courage, vision, risk, sacrifice, and success, as well as a revelation of how dishonest some people are and how Mr. Kroc survived them. It’s very gratifying to me that I can show people a better way to wealth, a path that is not inundated with risk, sacrifice, fear, and chance. This route is the means I have chosen to build wealth – it requires no selling, risk, sacrifice, or sleepless nights.
Mr. Kroc succeeded against all odds, but he chose a business model that is extremely difficult. Joint Venture Brokering allows me the freedom of time and money, and I can operate in many areas, in many industries, and at many levels simultaneously. While franchising is definitely leverage, I choose to leverage multiple resources in many different ways, all at the same time, with no risk, overhead, leases, royalties, inventory, capital investment, or employees, and little time. I can be a creative and as adventurous as I like, without investing a blue cent.
Am I as wealthy as Mr. Kroc was? Of course not, but it is definitely as possible to attain the same level of wealth, faster, with none of the risk or costs involved, using Joint Ventures. Most entrepreneurs work too hard and earn too little. The average business, in my estimation, can easily double and quadruple their profits with no cost or risk using Joint Ventures. One JV that I got into took a profit center in my business from $4,000 per month to $20,000 per month in four days. Leverage: it’s an amazing force that is available to all of us, whether we have a business or not, and regardless of our circumstances or background. Life can be a grind, but I prefer the beach. You don’t have to sacrifice, sweat, and grovel anymore, once you discover the magic of Joint Ventures. Replace fear with fun, sweat with skiing, and risk with reward.
May 8th, 2008 at 12:21 pm
Nice Site layout for your blog. I am looking forward to reading more from you.
Tom Humes
July 11th, 2008 at 9:34 pm
Good story about the entrepreneur , I see a few things I could looked at when I had an employee in my glass business like in your story ,
Unfortunately people in the west are programmed to assume the employer is a money grubbing asshole . so they do their level best to destroy anything to do with the business , eg ,. damage to trucks, stealing stock , tools. work abuse of customers ,
I let things go far too long with the employee (a subby) and it got to a stage where he abused a long term customer right infront of me .
His denial made him believe it was all my fault , the fault of mine was not getting rid of him right at the start .
I didnt pay his tax of $5000 after i disposed of him but the damage was already done .
The lesson ,
Nip it in the bud, Or as sherriff john brown said on the clapton song , “kill it before it grows” .
Only one problem aboput your story , Its already starting to sound like the opening line for a MLM biz ,
Theres are too many of these .”poor misguided people” who live the delusion or having their own buziness when theyre flogging . “little weeny get rich pills’ and making someone else rich ..
No offence intended but thats the way I see it .
ciou
RD-J
September 30th, 2008 at 2:06 am
LOL
that doesn’t even make any sense!