Posted on: 02 July, 2004
Author: William Cate
The Instant EntrepreneurBy William CatePublished July 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] If you cr... The Instant EntrepreneurBy William CatePublished July 1998[http://home.earthlink.net/~beowulfinvestments/] [http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] If you create a startup national company, you'll spend most of your riskcapital trying to find customers. Ninety-eight percent of the time, you'llfail. You may have a great new product or service that everybody needs.Nevertheless, the world still won't beat a path to your door. You won'tgenerate hordes of customers without spending tons of money and years ofyour life. Your alternative to creating a startup company is to do a turnaround.This means rescuing an existing business on the verge of failure. You'llbuy the company for pennies on the dollar. You'll make it profitable,within a year. You can find turnaround information at your local businesslibrary. You can surf the Net for turnaround information. You must get afeel for the turnaround process before you try it. To succeed, you mustavoid the mistakes of the current business owners. Pick your turnaround company carefully. It should have a loyal customerbase. It should make a product or offer a service compatible with yourstartup company plans. Your first goal is to make the turnaround company profitable. The basicsteps are reduce your overhead and expand your market. List your shareswith the help of CFG [http://www.capitalfundsgroup.com] Move your shareprice to ten dollars. Use your stock to buy CASH-PRODUCING assets. Once your company has strong cashflow, launch your great new product orservice. Your initial buyers are your turnaround customers and thecustomers of your public company's acquisitions. Invest your profits intomarketing your new product or service. Build your corporate revenues to ahundred million dollars by expanding your customer base and acquiringstronger cash-producing assets for your public company. You can completethe process in 5-7 years. Sell your company at Market Capitalization andjoin the "Rich and Famous" or repeat the process. The Instant Entrepreneur Strategy gives you the cashflow to sustain yourcorporate growth. It gives your company the credibility to raise money. Itmakes entry of your new product or service into the market less expensive,because you are selling your new product or service to your EXISTINGcustomer base.To contact the author: Visit the Beowulf Investments website: [http://home.earthlink.net/~beowulfinvestments/] Or, visit the Global Village Investment Club Website:[http://home.earthlink.net/~beowulfinvestments/globalvillageinvestmentclubwelcome/] Article Tags: Instant Entrepreneur Source: Free Articles from ArticlesFactory.com