It’s true that, like Robert Kiyosaki says: “You don’t need money to make money what you need is an idea.” You can always come up with anything and if you know how to sale it, people will come up with the income to buy it from you. You can always come up with OPM (i.e. other people’s money). However, one thing is certain cash has to come out of somewhere, and nine times out of ten cash will come out of your efforts. It doesn’t matter if is directly (i.e. coming out of one's pocket) or indirectly (i.e. coming out of other peoples' pockets). Here is why!
The first thing one needs to consider is counseling, unless one have a family member that is willing to provide his or her professional service as a business lawyer, or accountant putting their title and experience on the line. Willingly to give you guidance for free, and accepting the liabilities that one may encounter as a business owner with the government, creditors, suppliers, and employees (if your planning to get some); then I say go right ahead. However, you have to realize that “if you want it you have to go and get it.” Counseling is a very important expense but it will get keep one out of trouble. Before you start buying anything, do yourself a favor go and get some counseling. Pay someone qualify in business law and/or accounting to help you set up the business entity that best fits your needs.
You might say: “Well I don’t need none of that. I because I joined XYZ business they already have all those systems in-place.” I would say: “Smart move” Nowadays, there are some systems like: MyPowerMall that can let you joint for free, as long as you are willing to bring in the people into the business. These types of businesses already are set up in a way that one can benefit from them. Keep in mind though; you are a representative, a sales representative! You are not the president or the CEO of the business. You are valuable because you believe in them, and if you are able to convince a lot of people to join you’ll become more valuable for them, because you are bringing in income for you and for them.
If you decide to go that approach is fine, more power to you. I highly recommend trying other peoples’ business systems first before you start your own business with your own idea. Get train first by them and then decide to venture on your own. Why I recommend that? Simple! Face it, one need to acquire all the time management skills, the accounting skills, the marketing skills, the selling skills, and the planning skills possible before one ventures out on its own. And this people can give most of these skills to you for free. All you need to put in return is a little effort to bring-in people into the system. Let me tell you a little secret, even if one decide to go back to college for a Masters Degree in Business and Administration, you are not going to be able to learn all there is about business. Therefore, your constant education is indispensable. The business concept is changing all the time and if one wants to be in business, one needs to be ready to embrace change constantly.
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