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IN BUSINESS – WHAT YOU DON’T KNOW CAN HURT YOU

If you are reading this blog, it’s probably because you’re entrepreneurial and looking for information to build a successful business. So, the next paragraph may seem like a detour but allow me to assure you it’s not.

A friend of yours is tired of renting a room in someone else’s house and decides to build a house of his own. After spending his last dime purchasing a vacant lot, you notice him scavenging the neighborhood for building materials and dragging them back to his home site. After some time looking over the hodgepodge, he selects some eclectic pieces and attempts to cobble them together into what could be generously described as a cracker box. You gasp at the realization that your friend’s new residence will likely be blown away with the first gust of wind. He’s a really good friend. So, what advice would you give him?

“Excuse me?” you say. “This is a ridiculous situation. No one I know would do something this foolish. What’s the point?” Allow me some poetic license for a moment and let me assure you that you do know such person. They already have or shortly will undertake such an exercise. And, you will be called upon to give them advice. How do I know this? Remember the first sentence of this blog post? You would not be reading this if you did not know such a person. Such person resides in your mirror.

You see, I observe such behavior in people every day. They are people who have spent their working lives as employees working for someone else. They felt the need to strike out on their own and go into business for themselves. They generally underestimated what resources it takes to succeed in their own business. They invested what few dollars they had to get a barebones business started only to discover that they did not have sufficient cash to build it properly. They cobbled together disparate pieces as best they could and 90% failed with the first adversity they faced. What we can see so easily in the lives of others, we have difficulty seeing for ourselves. If only we could give ourselves good advice.

Now reread the first part of this blog post and see if it doesn’t make more sense than it did on the first read. What advice might you give that person in your mirror now about starting or building their new or young company?

Here is an important “takeaway” for you; “Building a business is subject to O’Malley’s Law.” What is O’Malley’s Law? You are probably familiar with Murphy’s Law: – It’s harder than it looks; It’ll take longer than you think; and, If anything can possibly go wrong…it will. O’Malley’s law simply states: Murphy was an optimist!

Your success in a business of your own is directly proportional to your knowledge and preparation. Paramount in this process is understanding the role of money; how to minimize your need for it, how to maximize your ability to raise it, how to tap the resources of other people to create an inexhaustible pool ready to handle any contingency; and equally important, how to structure your business to attract it at every level from investors and lenders to contributors and customers.

What advice would you give to yourself now? Where are you in the process of building your own successful business? What have you done to prepare yourself to amass the amount of money and other resources it will take for you to succeed?

If you have not already done so, take the plunge. Pop for the $49 and enroll in Bizar Financing Essentials. In two hours your life will never be the same. In two hours your mind will be opened to how you can do this; how you can take yourself from wherever you are now to whatever level of success in business you seek and how you can do it with little or no resources of your own. I guarantee it! I do not want your money if I cannot benefit you. If for any reason, you are not satisfied with what you learn, I’ll give you a full refund – no questions asked. I have taken the risk out of it for you. So, go for it. Learn how to Bizar Finance yourself to success in a business of your own.

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Gordon Bizar

Gordon Bizar - Expert Business Buyer and Finance Coach Gordon simplifies business purchasing and financing. He makes understandable the use of financial leverage to start, buy or build any business with little or none of your own cash. His unique expertise and success track record has led to his appearances on NBC's Today Show, PBS's Late Night America along with segments on more than 120 other radio and TV news and talk shows. He has been featured in articles in more than 25 of the nation’s leading newspapers including the Los Angeles Times, New York Times, and Wall Street Journal. Gordon personally bought and built companies in fields as diverse as manufacturing, financial services and business education. He also served as Chairman of the California Task Force on Taxation and Regulation of Small Business during the Brown administration and is sought after as a consultant by businesses large and small and government agencies such as NASA for their technology transfer program.

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