Sailors beware! Pirates, storms, and rocks! Let this short article be your lighthouse.

Save much time, money, frustration, disappointment, and even bankruptcy, while speeding up your progress and making a lot more money by sailing your ship past these sandbanks and dangers. Avoid these ten risks, landmines, and pitfalls in business, and you can navigate a successful voyage to your Treasure Island.

After 22 years of working with thousands of business owners, I have discovered that you can definitely learn from the mistakes of others.

Risk #1 – Things Susceptible to Undercutting or Short Life-Spans.

Avoid fads, trends, gimmicks, and products that can be duplicated, knocked off, reengineered, and produced cheaper. Remember, the Chinese provide no patent law protection. “Today, it sells for a fortune – tomorrow, it’s in Wal-Mart.”

Look for long-term stability and growth.

Services usually provide higher margins and more stability.

Risk #2 – Selling Your Time.

Selling your time is not smart, unless you’re a famous film star or sports star. Remember that time is your most valuable, irreplaceable resource.

Be a general and work strategically, not a soldier in the trenches. Use your head, not your hands. Use leverage. DollarMakers teaches people how to use leverage through Joint Ventures.

Risk #3 – Bad People.

Jim Rohn famously said that:

“there are only eight bad people in the whole world, but they get around a lot.”

Sociopaths and scam artists are usually very friendly and convincing. Do your due diligence and work on referral.

DollarMakers Joint Venture Broker Club Members that are dishonest get fired when we discover them. Your reputation and fortune are at stake. “When my enemies become your friends, you, too, become my enemy.”

Don’t choose the wrong people to work with. Evaluate them carefully.

Risk #4 – Buying a Franchise or a Distributorship.

We teach our students how to get the same benefits, and more, at no cost whatsoever!

Risk #5 – “Investing” Schemes.

Avoid “Investing” in “Foreign Currency” schemes and other spurious, “Tax Break” schemes and dreams – don’t let urgency and greed blind you to obvious rip-offs.

Risk #6 – Start Ups.

Avoid buying mass-marketed real estate properties that aren’t built yet, especially in third world countries, is very risky.

The same goes for business start-ups and new inventions – I don’t even consider them. Their failure rate is extremely high.

Risk #7 – Having All Your Eggs In One Basket

Keeping all your eggs in one basket is probably the most risky thing you can do in today’s business world.

As a Joint Venture Broker, you can build multiple income streams and diversify across different industries, products, services, economies, and countries.

Risk #8 – Being Lead by the Blind.

Taking advice from the wrong people  is just plain silly.

Never take advice from someone who is more screwed up than you are, and always learn only from someone who already has what you want. Poor people can’t tell you how to get rich, and more than a bank manager can.

Risk #9 – Poor Thinking.

The wrong philosophy about life and money will sink your ship faster than ten giant torpedoes. Maintain the right attitude and mix only with winners.

Risk #10 – Quitting.

Quitting too soon is the mark of a loser. Most people give up three feet from the gold.

Avoid Risk by Becoming a Joint Venture Broker

In spite of warnings, the best motives and intentions, and well-planned strategies, the future is unpredictable, and things go wrong in the real world.

DollarMakers teaches people how to create unlimited wealth, financial freedom, and peace of mind through the use of Joint Ventures regardless of your background, age, experience, or circumstances, and whether you have a business or not.

Joint Ventures is the best way I have found to create financial success.  I run DollarMakers with no cost, risk, overhead, employees, inventory, or risk. This is a great business to be in.