Look around. You are surrounded by businesses - and every one is a potential money-maker for you. The stores and restaurants on the street are obvious, the apartment buildings and single family homes somewhat less obvious as businesses (as opposed to investments), the other assets in the community may be even more obscure. Check out, for example, the utility conduits under your feet: phone services, cable TV, internet service, electricity, gas, water, waste water, etc. Each is a business.
This page explains the fundamentals of how each of these businesses works. Part of being an entrepreneur is knowing how a lot of different businesses work, what the essence of each enterprise is. We discuss the most important 4 - 5 numbers for determining whether a business is viable in your area, who you need to talk to if you do seem to have a workable proposal, and terminology you will need to discuss that business intelligently.
Be sure to experiment with the Interactive Business Plan Applets that use your basic assumptions to prepare a summary business plan that can be used to discuss an idea with potential investors and operators. These applets can be run in under a minute, and go a long ways towards helping you understand the fundamentals of the business in which you are interested. A famous real estate investor, Sam Zell, has commented that "If a deal doesn’t work on the back of the envelope, it’s not going to work on the ground". Our business plan applets are designed to be your "back of the envelope". Current Applets available:
Purchase and Operate An Office Property
Purchase and Operate A Single Family Property
Purchase and Operate A Multi Family Property
Purchase and Operate A Data Services Business
We have also provided them in a downloadable PKZIPped Microsoft Excel 5.0 format.
Here's a listing of other businesses you can Start In Your Own Backyard:
Community Ventures - Which Would Work in Your Neighborhood?
Business ventures in the community can be subdivided into those that "export" goods and services to the outside world, and those that serve the community internally. A data management enterprise that sells services to downtown businesses is "export" oriented. It brings cash and knowledge of current business practices into the community. Internal community ventures can be just as valuable. They prevent outsiders from pulling cash out of the community (as with a laundromat operated by a company from another state). And they build a sense of local community as residents visit each other more often.
Government Reengineering - It IS Possible, and Everyone Benefits
Programs run by government agencies push cash and services into the community, and suck cash and services out again. Reengineering these flows (everything from primary schools to recycling routes) has the same aim as taking over physical assets: improve the quality of life, and increase the net cash flow to the community.
Community Assets - Buying and Improving Them
Getting control of a community’s physical assets means you have to know how to make the purchase, and also what to do with the asset once you find it. In a typical inner city neighborhood, for example there may be an abandoned and decaying 10-unit multifamily structure. Say the city housing authority is offering it for sale, but you do not know how to estimate the cost of buying and operating the property. A quick software analysis (click the "Multifamily" tool below) shows that a purchase could probably be done with no money down and would pay for itself.
The goal with community assets is twofold. First, fix them up so that they are truly an asset. Run-down bus shelters are not optimized: they may keep rain off waiting passengers, but they also advertise "crummy neighborhood" to outsiders passing through. And they get residents used to sub-standard facilities. The second goal is to make money for people in the community, so that cash stops flowing out of the neighborhood to absentee owners.
Community Liabilities - Remove the Negative, and Create a Positive
And there are enterprises that hurt a community. A topless bar or an open-air drug market can depress values of assets for blocks around. The "business example" here is aimed at showing how other communities have solved these problems. The tools attempt to quantify the economic cost of the harmful attraction, and also to give some insight into the economics of those trades. (The "know your enemy" approach). Not all of these liabilities reflect on the community. Underground storage tanks have a directly quantifiable affect on asset values and can be addressed purely as a business proposition.
Personal Development - Raise Gross Community Capital (GCC) While Developing Human Capital
| StreetEquity Network | Venture Challenges | How to Start A NETCorp |
2006-11-29 12:46:53
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answer #1
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answered by Aneesa S 4
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2016-07-21 21:07:57
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answer #2
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answered by ? 3
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You need to save money. If it is something you want badly thenput some money aside in to a special account. Put aside a special fund at home if you cannot have a bank account. oDD JOBS ARE AGOOD WAY OF MAKING MONEY LIKE car washes window cleaning recycling cas and bottles. You just need to be creative with ideas and you will make money. How did millionaires become rich? I some did not stay at school and learnt a trade and went on from there.
2006-11-29 12:50:19
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answer #3
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answered by Anonymous
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Stay away from Cash Create and other survey Web sites!
It's a waste of time and will cause you unhappiness.
If you choose to get suckered in and sign up to take surveys and receive free trials considered you were warned. The minute you give them your credit card and personal information you have now opened your computer to unwanted cookies on your hard drive, annoying pop-up windows and if you are on a PC you open your computer to viruses that can wipe you out.
2006-11-29 17:31:16
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answer #4
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answered by Avis B 2
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Online Surveys For Cash : http://OnlineSurveys.uzaev.com/?UJiD
2016-07-08 04:44:49
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answer #5
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answered by Jeniffer 3
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Stay in school and study hard. Especially in writing, grammar and other English type lessons.
2006-11-29 12:45:12
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answer #6
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answered by Chula 4
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There are may ways. You are the only one who can answer that for yourself. Assess what your strengths are and go with that.
2006-11-29 12:44:40
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answer #7
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answered by New Millennium Minds 3
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paper boy?
2006-11-29 12:44:51
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answer #8
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answered by s_lopez_2006 3
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I agree with Chulita! DUH
2006-11-29 12:51:29
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answer #9
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answered by fastlanejiggy 4
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