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Entrepreneurialism is alive and well and most likely happening in all around you right were you live, or if you are lucky it’s happening on your own kitchen table! Proof of this, is the 79 Million Americans who plan to start their OWN businesses in the next 3 years according to Forbes Magazine. You might be surprised to find that some of the greatest minds in American business today are investing in the future of home based businesses as their next phase – Personal Franchising. And while Personal Franchising is growing with exciting new concepts and brands, there is another side of the home business market that is underappreciated yet equally very important and that is leveraging your Personal Franchise into an incubator of a larger business model.

Both Donald Trump and Robert Kiyosaki recommend starting a Personal Franchise in their latest book “Why We Want You to Be Rich”. Trump and Kiyosaki BOTH say that if they had to do it all over again, they would build their fortunes in THIS industry. Industry influencers include a spectrum of the who’s who:
• Warren Buffet purchasing companies last year like Pampered Chief
• Richard Branson starting Virgin Cosmetics
• Donald Trump promotes ACN
• Oprah offered a large section in her O magazine to women who sell direct thru the home
The Good, the Bad and the Ugly in regard to the current-home based network marketing business
• The bad - Less than 1 out of 1000 people in this industry will ever make a six figure income.
• The bad - 90% make less than $10 a week. Why is this?
• The ugly - 90% of all business WILL fail within their first 5 years according to Entrepreneur Magazine.
• The good - Over 30, Million (yes million) Americans have either attempted Network Marketing or are currently involved in the industry. This gives the traditional non-business owner exposure to his/her own business.
Why is the perception of this industry one of easy-riches when in reality it appears most are failing? Just a couple of points might help explain the figures.
• Most people are introduced into an opportunity not as a business to build, as one would a traditional business, but instead as a way to get their products at a “wholesale” price.
• Many people jump into a business with no research on the business or firm understanding of what it takes to meet the criteria of the opportunity and match those to their goals.
• Many people do not have the motivation or goal setting objectives to be successful in ANY business and may find their comfort level more appropriate to the structure of working for someone else.
• They were presented with an inflated view of unrealistically attaining short term riches and material wealth very simply and quickly. They look beyond the work it will take to get there and in their hastiness to sign on don’t ask the right business questions. Unfortunately it seemed early on that it was acceptable for the industry to sell at such a superficial level.
Now the tough numbers start to make more sense. Many of them never intended to have a business in the first place!
What if success was far more attainable? What if you could find a high level of success in a Personal Franchise and use it as a springboard to starting your own business from the ground up or what we refer to as green fielding a business? Here’s what often happens with motivated and well educated Personal Franchise owners. The owner is building his or her business, finds some room for innovation, revolutionizes a business practice or sees other opportunity that compliments their current business and decides to start a side business. What makes their odds much better at starting their new business is their success with their Personal Franchise business. They learned business management techniques, they learned how to listen to people’s needs, how to build them up and how to sell. They also discern what people want to hear vs. what is unimportant information that wastes their time, so their efficiency as a business owner is far greater.
So while the opportunity is substantial to take your business to a higher level, getting started at the Personal Franchise level is the right place to begin your business journey. Why? Simply because the business management exists already, the marketing plan is established, your support network and best practices are well established and your infrastructure is managed so you don’t have to. This provides a more essential experience of selling and marketing your business which is where many traditional businesses fail when they overlook those key areas. So many business owners are working IN the business that they are not working ON the business. They are hiring people; they are dealing with regulatory issues, manufacturing and facility issues, etc. Sales and marketing needs, while absolutely critical to their business, falls to the back of the list so that high dollar expenditures can be handled first. And of course, business 101 tells us that no sales, equals no revenue and no revenue equals no business.
With Personal Franchising you buy into the right to distribute an established brand, using their business systems and infrastructure. Your critical mass is focused on introducing your business to buyers and other Personal Franchisees so you can build your organizational strength. With a narrowed focus and elimination of operational distractions, your success will be more assured. The formula is simple – strong output of effort and a strong team along with a proven business program, will insure your success. Any deviance from this program and you fall into some of the statistics we pointed out earlier. The reward can be substantial, and like any traditional business your effort is your biggest asset.
So what key elements would you need to be successful in a Personal Franchise?
First you will need to find YOUR solution through the same pattern for success that has worked since the start of time. What is that pattern?
1. Find your passion
2. Find a legitimate business opportunity associated with that passion
3. Find a TEAM that will truly help you build your business

What are your chances of finding all three at one time? The chances are good if you have the right tools to evaluate that which drives your passion and helps you translate that into the RIGHT business opportunity. Next, in order to achieve complete success, you will need to find a team that is wholly dedicated to the common good of the entire team and willing to leverage the strongest skills of each team member. When the synergy of the team is achieved, and three people are moving the business forward as one, that is where substantial revenue momentum exists. Like all great businesses, the success of your business depends on the quality and drive of the talent in the team.
Leverage our 30+ years of collective experience to learn partnership strategies which will help you succeed. We will help you focus on the most important elements of your business and how to avoid the mistakes commonly made that take people of the road to success. All of a sudden, instead of this being a money game, you are building something you can stand behind and be incredibly proud of, using a marketing system that actually works based on teamwork and passion!
Think about it! What are YOUR chances of success if you were able to solve most of the variables and leverage the success of every entrepreneur that went before you? Rarely in life do you have that kind of information presented to you. Most people seek the answers, but live a life of painful experience to find what others already know. The knowledge is at your fingertips; increase your odds of success. Go find YOUR Passion, YOUR Business, Your Team, YOUR mentor!

A Personal Franchise is a legal and commercial relationship between the owner of a trademark, service mark, trade name, or advertising symbol and an individual or group wishing to use that identification, products or services in a business.
Each personal franchise business (franchise) has been authorized by a parent company (franchisor) to sell their goods and/or services within a given set of parameters. The company defines the method of conducting business between the two parties. Some structures are very defined and others are more liberal. Generally, a personal franchise sells goods or services supplied by the company. This relationship is regulated by FTC laws.
The popularity of the personal franchise business model has to do with the ease in becoming a business owner. Independent, non-franchise businesses have a much higher likelihood of failure within their first year than true personal franchises. One of the most compelling reasons is that, in a personal franchise operation, the company and business team provides business expertise (marketing and advertising plans, management guidance, financing assistance, administrative support and training) that otherwise would not be available to businesses starting from scratch. The personal franchise brings to the relationship entrepreneurial spirit and drive, which may not be enough to keep a business afloat if the franchisee lacks significant business knowledge.
This allows the franchise to operate by different methods or in different types of locations giving individuals a great deal of flexibility. They can be operated through the home, in RV’s, college dorms, office building or work-live spaces that are now becoming popular. If used properly while living and working – you can deduct many expenses that might not have been deductible.
Many of the personal franchise opportunities use the old multilevel marketing compensation systems to compensate the personal franchises and are still considered MLM’s by some. What are the differences between a MLM and a personal franchise then? It depends on how you run the business and if you can run the business as a separate entity.
Many of the traditional MLM’ers didn’t run their business as a business, selling product to customers, but rather spent their time trying to “get others” into selling their products. Many have been unintentionally educated to become very annoying in the process.
“I haven’t seen you in a long time or let me tell you about an incredible ground-level business opportunity,” and you are invited to a house or to lunch for “a discussion.” Funny enough, you feel an intuition that there is some hidden agenda or deception. Then came out the white board…but all you wanted to do is see them again.
How can the business be operated? Can you purchase your personal franchise as a legal entity – corporation or LLC? Do you have the rights to will it, sell it or freely transfer it? If not, it might not be a personal franchise. Franchises take effort and work, there is no free lunch. Did you ever see a coffee shop open with no marketing, no cash outlay? The benefits of most personal franchises are the low cost of entry with the potential high rate of return. For little money ($500 - $1,000) you can have the starting of a personal franchise with the potential to make an above average rate of return ($1,000 - $2,500) a month in a relatively short amount of time.

You have seen them in your email box and read about them in the media and on such websites as www.snopes.com. The fact is these greeting card viruses are real and the perpetrators are even using the good name such as companies like Hallmark to get your attention. You don’t want to be the one to open up the next one and lose important files or data or be the one to send it on to friends.

How do you avoid it? Well it would seem simple at first glance, but maybe we need to take a second look. The good news is that we have a solution, so stay with us!

Imagine it’s your birthday and you open your email to find that you have gotten three emails announcing the arrival of an e-card from a friend. Ahhh, you are loved. Hold on a second there quick click McKrick before you pop that open thing open you might want to think about that odds are with the large volume of these viruses spreading, that you might be looking at a trap. One with you will be very unhappy to encounter.

Hey, we all like a cute little animated e-card that sings to us, has happy moving pictures and a sentimental note, but is it worth the risk to open them and is that the best we can do to celebrate the important day of someone we love?

Studies show that people are more apt to remember when someone took the time to send a physical card that comes out of your mailbox. Why? Well, it seems that people like to know that you invested something into sending that card which shows them that you care about them. They know that you purchase a card, a stamp and took the time to think about the message. The other reason appears to be that people like the idea that something else comes in their mailbox other than bills and credit card offers. Think about your own behavior, you go to your mailbox and take a quick ancillary glance at the contents of the stack. You sift out the personal letters first, and leave the rest to deal with later. People like physical cards. People are becoming afraid of e-cards. I don’t open them anymore, which is a shame because I will never know which ones are legitimate and which people cared enough about me to send me one.

I have recently found the convenience of email and the personalization and safety of a more personalized greeting method. This is working great for me, and I don’t worry that at the next friendly get together that someone is going to walk up and thank me for cleaning their hard drive of its contents! There is a great company called Send Out Cards currently being represented here in the Unites States by a firm called Zyzyrgy that has revolutionized greetings by allowing you to send a greeting card in your own handwriting and signature from your desktop with a couple of clicks. These guys have over 12,000 greeting card designs and allow me to keep my address and contact list online so I don’t have to do that mad scramble to find a mailing address. No standing in line at the card store or drug store, or buying stamps at the post office. In these days of nearly $5.00 gas here in California; one less trip anywhere is greatly appreciated! I went to the website www.zyzyrgy.com/freecard and I got Cody to help walk me through the simple process and got my first card for free (thanks guys – mom thought I finally got my act together when she got a mother’s day card!) I grabbed a designed, typed my note – which is key, because if you see my handwriting it looks like someone is sitting on my hands while I am doing it – and then I chose mom’s address and pressed send. These guys at Zyzyyrgy and Send Out Cards did the rest – they printed the cards, put my note inside along with my signature, stamped it and sent it. I felt like a bachelor all over again! It was like a quick service restaurant – good food quickly – fast card quickly. Not pots to clean, no stamps to lick. Well, after I sent my first card, I thought, hey I like this but cards are expensive, so I will save this for special occasions. I found out that these cards are less than $1.00 compared to those that are reaching $5.00 in the retail stores and they don’t mark-up the postage so there is no benefit in me wasting time sending it. All I know is that mom was happy. I found myself sending cards to people I met through PTA, scouting and kids sports to congratulate them on their life’s successes. People would come up and thank me for thinking of them. They almost thought I was human or something. My wife even gets a card once a month, and she was the biggest skeptic of my humanity so seems like it was a buck well spent!

Well I know I can’t prevent viruses from every reaching my computer, but I know my vigilance has paid off in data preservation and a new way to do something I just didn’t do very well in the past and that is to very easily and cheaply just send someone an unexpected, heartfelt card. Maybe if I am lucky there will be a dirty dish virus to point me to another awesome solution – bring on the crusty pot worm!

There is a lot of power in a team of three! Have you ever watched someone start a New Years resolution wanting to get back in shape? What do you think the odds are that they will work out and get in shape by themselves over the course of the year? The odds are against them and the statistics tell us their chances are simply not very good. Actually, that is how many of the gyms make most of their money. Less then 80% will continue working out after just two weeks.

Well, what happens if you and I find out that we both have similar goals for the New Year and make a pact to help each other by using our skills to educate the other and motivate each other when we need it? If you guessed our chances are much better, you’d be RIGHT! Now we have a partner we can count on to help keep us on track and for whom we can share the experience. But what would happen if I go on vacation for a few weeks or need some time to focus on my family because of some unplanned events. What is the chance of us continuing on our workout schedule alone?

What if we looked for a third partner to add to our group? Allowing anyone of us to adjust for life’s twists and turns and continue on our journey and goals as a team. Leaving no one out and focusing on the goal of getting in shape while always having a partner would keep most of us in a continued regimen. It keeps it fun and allows us to continue on our journey with no guilt, allowing us to focus on the now and achieve our goals! The Leukemia and Lymphoma Society and American Cancer Society latched onto this concept in helping people achieve their fitness goals while raising money for their respective charities.

You see the power of three all around you. One of the strongest associations with the power of three is seen in religion. Each of the different faiths use symbols that indicate a connection to three through forms of triangles which corresponds with the power of three.

The strength in the power of three comes from the significant base of the form as a triangle. If you were to draw a triangle in its truest sense, it would provide a base on any of the edges you laid it on. No angle carries more burden than any other and each angle can function as the base. All points are connected and because they are connected you gain strength. It is also one of the most basic forms of lines that can create volume. If you take two lines you cannot create a “vessel”. However, taking three lines and attaching them at their respective angles creates an inner vessel. That vessel then functions as a mass area where energy can accumulate and reside creating a stronger bond.

What are you going to do with that tax rebate check you might be getting? Hopefully you are investing that in yourself and not into material goods. The fact is that many people will use this check like a coupon, they will be enamored by the idea that this is free “fun” money and that you can go out and get that “sup’m” you have been looking at for some time but just couldn’t justify spending the money. Sure we all want the 56 inch flat screen TV with surround sound. But think about the parable of the man that was given the fish and he ate for a day and think about how you would eat for a lifetime if you were taught to fish. Now is the time to finally see the government is doing something FOR you and not TO you! They have sent you the opportunity to open up a business with NO DEBT! That TV, patio set, car payment, vacation - all things that will bring you short term gratification and maybe even a few memories, but what if you could do something amazing and spend a few hundred dollars to open your own business! Many of the outstanding personal franchise companies we work with allow you to access their brand and business systems and sell their products and services in your own business. Where are you going to get access to a multi-million dollar brand for an investment of less than $500 on average? No where - really - no where else! Getting access to a large brand to sell their products and build a strong business that continues to grow with their brand has traditionally been reserved for the franchise industry and has commanded franchise fees starting at $25,000 and moving to more than $2.5 Million. Do you have that kind of money? Why not get access to a Personal Franchise business which looks less to make money on franchise fees and looks more to revenue generation built on business expansion, long term growth on your personal success. Not sure if you have the passion for a business or know where to start finding one that you will love building into a long term residual income? A few years ago we looked for a similar resource and couldn’t find it, so we built it. Come by grab some of our free materials and read some of our business reviews to see what feels right for you. Take this great gift the government has given you to finding the future you want while building a financially secure future. Visit us at www.cashflowpotentials.com.

Your working understanding of tax Law is that you probably think the tax code is way too large and way too complicated for you to understand. But that is simply not true. You can develop a working understanding of tax law in half an hour. That doesn’t mean you will suddenly be an accomplished tax professional, but it does mean you will have the tools necessary to manage your income tax and identify legitimate deductions.

The two basics of tax law are which income is taxable and when, and which expenditures are deductible. If you don’t know the basics you are flying blind. One thing is certain, if you don’t understand tax law it is impossible to manage your income tax. One of our goals today is to simplify tax code and make it discernible to you.

One of the major points many overlook in starting a business from their home is the type of entity they create, determining a tax strategy and how important it is to choose the correct ones. You don’t always have to start out in the perfect entity but you should have a plan to migrate to it as soon as possible or as soon as the funds become available.

Is this important? Yes it is! There is a major difference in the way entities are taxed. If you are filling your taxes under your personal social security number – you will be filling a separate schedule C on your 1040. If you have created a separate entity (Corporation) you will file a completely separate filing. So what is the difference? Lots – One is legislated so that someone else (Governing Body) determines what you can or can not deduct and the other is not. A corporation’s by-laws and business plan determines what is deductible or not – and that makes a huge difference.

When we are through we will arrive at this conclusion. Section 162 giveth, and the rest of the tax code taketh away. That is the conclusion we will eventually come to in this paper, but we aren’t there yet. In our experience, very few taxpayers have an effective working knowledge of tax law. Most tax professionals do have a working knowledge of the technical details of the code, but few of them have the knowledge I am going to give you today. In half an hour, you may very well know more about tax law than your tax professional does. Are you ready for that?

Travis Pastrana is a motocross junkie that has smitten the world with a good disposition, good looks and a friendly approach to his fans. As well, he has set and broken records and done things people didn’t believe could be done. He has been compared to the best risk takers of all time including such greats as Evel Knievel. What does he know that the average guy doesn’t – how to make money from his passion. Born in 1983 Travis is still a young pup, but one who has accomplished quite a bit (http://moto.travispastrana.com/-/Bio ). You can see some of his greatest feats in his recent movie “199 Lives” (www.199lives.com). He does things that many people would be gripped with fear to do. Why? Simply, Travis transcends what can’t be done through his passion for what CAN be done. He believes in himself and his craft so much that he does the impossible – the stuff people say is nuts or just is not possible. That is the power of passion, to love something so much that you see only the possibility of success. You might know Travis from a commercial where he jumps out of a plane with no parachute (http://www.youtube.com/watch?v=lDBrdl2sZWs) or from his record breaking double flips he did in the X Games (http://www.youtube.com/watch?v=VngJrAIzFNE). He laughs off his risk often which the backed in knowledge that while some things are out of your control, good planning and an intense belief that that cliff you are about to jump off of the ramp you are about to hit at over 100 MPH or the motorcycle you drive out onto a lake can jump a ramp all comes from belief. People are going to suggest in life that you can do more than you think is possible and you are going to question whether you can do it. That is because you are not passionate enough about yourself. When you find the passion of you, the intense belief that all is possible because YOU are involved and that you are doing something you love, you will thrive like Travis. He is not a super hero, he is a person who loves what he does and is willing to drink up all life has to offer because he has found that secret of intense trust and has taken that trust in himself, his craft and his supporters and he turns that into the fantastic. Look at each great person you know, all are great because of intense belief in who and what they do. It is what I like to call “immersive passion” because it is like you live a life totally immersed in a tank of passion that goes everywhere you do, you whole body sustenance comes from it. You are it and it is you. Put your foot in the tank today by finding something that you can believe in totally. What one thing do people tell you that you are great at or one thing they always say you should do for a living or “get into” or whatever. You know your passion, but like many of us, you might squirrel it away like some kind of nut for the winter. Maybe you write you passion off as a “hobby” or something that you “love to do”. Once you have found that passion grow it by using it more often, press the limits of the passion and become more immersed each week to a point where you are an expert and living 24/7 in your passion. Find a way to monetize it without turning it into “work” and you will find that you are reborn. Travis got the gift early, yours is still on the table waiting for you to open it, take the shot, find your passion and build the life of dreams.

“Almost half of workers saving for retirement report total savings and investments (not including the value of their primary residence or any defined benefit plans) of less than $25,000. The majority of workers who have not put money aside for retirement have little in savings at all: 7 in 10 of these workers say their assets total less than $10,000.”
- 2007 17th annual Retirement Confidence Survey (RCS)

The problem with saving for retirement is that it takes a large amount of money to generate a cash flow that you can live on. People don’t realize that they’ve been focused on the wrong thing. They spend 30 to 40 years of their lives working so that one day at age 65 they can retire and do what they want. When most people retire from the workplace, they are on a fixed income. That means regardless of economic conditions, their income does not increase and in fact can go down. The golden years are not so golden if all you can afford to do is move to a senior park in a cheap part of the country so you can sit on the couch and watch cable TV. But that is a reality for a lot of Americans.

What people should be focused on is creating a cash flow that pours into your bank account regardless of economic conditions. In fact, if you focused on doing that over the next 3-5 years, you may well retire at any age you want, not 65. America has bought into this myth that they are entitled to retire at age 65 like their parents. But the fact of the matter is, they don’t have the cash flow to keep up with rising costs. The best way to create a cash flow is to start a business. Use your anyway time that we talked about previously to create some extra income today. If your already retired, turn your retirement travel into a business deduction, and win win win. See you here next time.

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Seems like everywhere you go, your waiting in line for something. Recent reports indicate that the average person will spend from 30 to 60 minutes a day waiting in some sort of line. That adds up to 100’s of hours per year. Now time is the most precious thing you have, once it’s gone you can never get it back. So are you going to let your time go without a fight. Abosolutly NOT! We encourage you to start a persona franchise out of your home and use that time standing in line to promote your new business. It’s simple, it’s easy, and it’s fun once you get over the fear and start seeing results. And it’s time you were going to be spending anyway. We call it anyway time.

With the start of state of the economy, corporate greed, and rising energy costs, everyone is looking for some extra income. Start a small business out of your home, making your home a Super Asset. Promote that business to everyone you come in contact with while your waiting in line. Before you know it, that wasted time will turn into $500-$1000 a month or more.

Just head over to the good folks at http://cashflowpotentials.com they can help you find a legitimate personal franchise based on your passion, they have everything you need to get setup, including their peer marketing guide that will show you how to take adavantage of you anyway time. Enter the code “thedailynugget” to receive a 20% discount.