Five Qualities of a Great Business OpportunityWritten by John R. Barker
Continued from page 1
Again I recommend Success Website – mentioned above. I also recommend e-books - electronic books that you can store on a diskette. Check out some examples at http://www.CoachingWorksInc.com/ebooks.htm 4. Product or service benefits people It’s easier to sell something you can stand behind than not. It’ s also easier to sleep at night knowing what you have to offer is improving life of another. Seek out a business with a product or service that produces an asset for those who buy or use it. An asset puts money in our pocket. A liability takes money out. Nothing feels better than helping people create assets in their life – investments that produce ongoing good for them. Do you offer assets or liabilities? 5. The product or service produces residual income Residual income means you invest an hour today and you get paid for that hour indefinitely. This is information age. Intellectual property is a hot product. The creation of intellectual property may require some time up front, but in long run it pays and keeps paying without any additional effort. You can either invest time developing your own intellectual property - books, music, etc. Or, you can take advantage of IP that already exists with right business program. My Success Website business puts money in my bank account every month. If I never did anything else, it would continue to produce a passive revenue stream for me. As a fledgling entrepreneur, I tried a lot of ways to make a little (very little) money. I made many mistakes. If you utilize these five criteria in evaluating a business before you enter it, I believe your long-term results will produce financial goals you desire. Best wishes to you for all success you can handle!

John R. Barker is a personal and professional coach, author and successful online businessman. He is co-creator of the hot new, 5-Day Financial Makeover telecourse. You can learn more about him at http://www.getSynergized.com or e-mail him directly at mailto:John@getSynergized.com
| | Rx FOR FALLING CORPORATE PROFITSWritten by John Di Frances
Continued from page 1
Once we have initiated a culture of innovation, then it is primary responsibility of leadership to ensure synergistic outcomes. The power of synergy, although simple in concept, is most overlooked responsibility of today's senior executive corporate leaders. Large organizations are like campfires that periodically burn down until mainly embers remain. The initial fuel is mostly spent and therefore first reaction is that we need new fuel, new resources, new investment, acquisitions, etc. to build fire back up. Yet when out camping and fire burns down, first thing we do is stoke existing fire and mound up glowing embers. Almost immediately flame erupts again without adding new fuel. All we needed to do to go from dying embers to a raging campfire was to integrate existing embers so that rather than each burning alone, they burned synergistically, combining their individual heat. So too, careful integration of all of our products, services, processes and methodologies, in short, everything organization is and does to achieve greatest bang for buck is no more than organizational form of stoking fire. Unlike adding new wood to fire, synergistic result of stoking is virtually immediate and without need to invest capital in additional resources. Synergy is ultimate multiplier, as it opens door to exponential results again and again!

John Di Frances is the Managing Partner of DI FRANCES & ASSOCIATES, LLC founded in 1983. Phone:1-262-968-9850 Fax:1-262-968-9854 208 E Oak Crest Drive Wales, WI 53183 www.difrances.com synergy@difrances.com
|