Would you be interested in how to make a profit with no money down?
To begin with, start reading this blog post.
But the next step begins now.
- What are your talents? Everyone has multiple talents, some as simple as hammering nails or cooking a meal. Whereas natural talents are those that fewer people in society have, such as a great singing voice (See Jonathan and Charlotte of Britain’s Got Talent 2012). You need to take stock of what comes natural to you. Then connect with others and their natural talents, too. It comes down to this one question: Do you LOVE what you do? Would you do it all day, every day, and never tire of doing what others find it difficult to do?
- Where are you? Are you experienced or inexperienced (teenager, midlife, retirement age)? Is your location conducive to putting resources to work (west coast, Appalachian mountains, or farmlands of Iowa)? Where are others that you can partner up with?
- What do you have around you? Look around you and where you are, do you have resources that you can take advantage of? Take inventory of everything and everyone, your and their talents, skills, assets, resources, etc. and see what is possible.
The idea here is you need an assessment of what you have available so you can put it to good use. Much like Thomas Jefferson commissioning Lewis and Clark in 1803 to do a survey of the west. They first created a map of what lay to the west. Secondarily, they gathered scientific and economic information of the plants, animal life, and geography. And most important, they established trade with local Native American tribes. With maps, sketches, and journals in hand, the expedition returned to St. Louis to report its findings to Jefferson.
READ: Entrepreneurial Mindset
No money down
Some have said, “You have to spend money to make money,” and they have been proven wrong. While the phrase “no money down” comes from the advertising world, I’m changing the phrase to mean you can make money without having to spend it.
The phrase “no money down” from an entrepreneurial perspective means this: What do you CURRENTLY have in your possession, talents, experience, and resources which you can get hold of and put to better use?
- Talents – What have you, or someone you know or they know, done in the past that could be put to better use? You life experiences are never lost, they’re still there to be drawn upon.
- Assets – What assets do you have at home, garage, or in a storage facility that are NOT currently being used? An old car? Furniture? Hobbies that you no longer pursue? Or even clothes that no longer fit that you can sell to make some startup capital money?
- Resources – This begs the question: Who do you know? The idea here is that you know at least 100 people who you can contact that either you can contact for help, or more importantly, who knows someone you can contact. It’s about asking to help you in some fashion. Resources also mean natural or other semi-developed resources that are sitting around that could be put to use.
Trash into treasure
When I was a teenager, my Uncle Glenn took me back to his machine shop one day. As a machinist, he had tons of tools and machines to work with. But he also have tons of “junk” in his backyard. He asked me what I thought of his stuff “inventory,” I told him “it’s junk.” Of course, he replied, “You know, I can take this piece of “junk” as you say and machine off the rust. Then combined with other pieces, I create something totally new and more valuable to someone who has a need.
It was then that I saw what he was meaning, putting one’s creativity to work to create something new. Turning junk into wealth.
It’s about turning trash into treasure. Here is one example, turning an empty one liter plastic water bottle into a 50 watt solar light bulb.
Junk is more than a resource, it’s also a mindset, attitude, and efforts, too. It’s about putting our creativity to see what you do have, not what you do not have, and work to create new products and services, creating wealth, so you provide prosperity for all.
As Keller Williams teaches ALL of it’s new realtors, “Lead with revenue,” that means don’t go into debt starting a business. Be profitable with no money down.
Are you starting a business?
I offer direction and advice as a mentor to business startups through a variety of coaching and consulting packages. But more, I offer frequent reports, and candid discussions on how you can achieve your goal of being profitable with no money down through my list. Stop by Startups on Main Street, and register for my FREE ezine, and see more about how you can begin being profitable from the start!
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