Financial post of the week : Julian Kelly

[julian_kelly]

Thats the million $ question. Some folk know the type of business they want...others have to search around til they find the right one.

There are basically four areas
1. A business you create from scratch. For example you come up with a cookie recipe, grow it out of the home, handle all facets, eventually get space, etc.

2. Partner with a company (that already has a concept) as an independent agent...receive training/support...get commission and build a business within a business.i.e., direct sales, network marketing, insurance agents, real estate agent, mortgage broker, etc.

3. Franchises that you purchase where you have training and support, i.e. mcdonalds, subway, etc.

4. Get involed in business by investing in a business financially or by being a partner. i.e., buying stock in a company, forming a partnership where you are just an investor.

Honestly I would do an analysis of your interests and read as many books/magazines/net articles as you can. Most business people get involved in several things before they find out what they really like...so dont feel bad if you skip from idea to idea. Put yourself in a position to learn about different business and the right idea will come your way.

julian kelly

Originally posted by liL Ray:
</font><blockquote>quote:</font><hr />Originally posted by julian_kelly:

You may also want to save up a few hundred or a few thousand and start a part time business. You can accumulate money faster in the short term (1 year or less) and the money you generate from your business in the short term can help you buy more assets for the long term. peace
julian kelly

any examples...other than the car wash business you mentioned some months ago...that was a great concept by the way. </font>[/QUOTE]

[ July 10, 2003, 03:48 PM: Message edited by: julian_kelly ]

[imported_Gman]

Originally posted by Leslie:
</font><blockquote>quote:</font><hr />Originally posted by Gman:
</font><blockquote>quote:</font><hr />Originally posted by mhd:
</font><blockquote>quote:</font><hr />Originally posted by Gman:
</font><blockquote>quote:</font><hr />Originally posted by mhd:
in addition to Rich Dad Poor Dad; and The Millionaire Next Door, any books to recommend regarding personal financial philosophy,
also check your pms

I did buy the Millionare Next Door. I have only read a couple of chapters but it looks like its going to be good. I will go pick up Rich Dad Poor Dad.

-G </font>[/QUOTE]you won't be disappointed, speaking of Orman, doesn't she have her own show now? </font>[/QUOTE]She has an show on CNBC every saturday and sunday night around 6 or 7pm. I record every show and view them when I have time. A lot of good financial info is on this show not just the basic stuff.

-G </font>[/QUOTE]She also has specials that appear on PBS. I went to see her speak on the Thursday before 9/11 at City College in NYC. In addition she has a system she sells on QVC that includes a will, types of insurance one needs, etc and pockets to keep everything together in one place when you need quick access to it. It's an excellent system with CD ROM's that fully explain everything in the system and how to use it. Suzy has products she hates (if you watch her show you know which ones they are ;) ) and she always gives you the straight dope. </font>[/QUOTE]I do like the way she approaches some money issues from an emotional point of view. That the money problem is just a symptom of something else gone wrong in our relationships or lives.

-G

[ruse]

Originally posted by mhd:
ruse, one question if you don't mind answering it here, what city are you guys in?

hi Mark, we are in Wayne, NJ, an area that is heavily populated with businesses and schools...about 1 hr away from NYC.

[mhd]

Originally posted by Mack-Williams:
Nice tips. Hopefully if everything goes well I will be able to start my own business by next February.

glad you are reading, i started this thread after meeting you and Dolemite and asking myself what i could do to help a young brother with heart

[mhd]

Originally posted by julian_kelly:
Thats the million $ question. Some folk know the type of business they want...others have to search around til they find the right one.

There are basically four areas
1. A business you create from scratch. For example you come up with a cookie recipe, grow it out of the home, handle all facets, eventually get space, etc.

2. Partner with a company (that already has a concept) as an independent agent...receive training/support...get commission and build a business within a business.i.e., direct sales, network marketing, insurance agents, real estate agent, mortgage broker, etc.

3. Franchises that you purchase where you have training and support, i.e. mcdonalds, subway, etc.

4. Get involed in business by investing in a business financially or by being a partner. i.e., buying stock in a company, forming a partnership where you are just an investor.

Honestly I would do an analysis of your interests and read as many books/magazines/net articles as you can. Most business people get involved in several things before they find out what they really like...so dont feel bad if you skip from idea to idea. Put yourself in a position to learn about different business and the right idea will come your way.

julian kelly

</font><blockquote>quote:</font><hr />Originally posted by liL Ray:
</font><blockquote>quote:</font><hr />Originally posted by julian_kelly:

You may also want to save up a few hundred or a few thousand and start a part time business. You can accumulate money faster in the short term (1 year or less) and the money you generate from your business in the short term can help you buy more assets for the long term. peace
julian kelly

any examples...other than the car wash business you mentioned some months ago...that was a great concept by the way. </font>[/QUOTE]</font>[/QUOTE]that was like a mini-mba course right there

[mhd]

Originally posted by ruse:
</font><blockquote>quote:</font><hr />Originally posted by mhd:
ruse, one question if you don't mind answering it here, what city are you guys in?

hi Mark, we are in Wayne, NJ, an area that is heavily populated with businesses and schools...about 1 hr away from NYC. </font>[/QUOTE]thanks, sounds like a great location, good luck. one point though, as hard as it is to start a business, and as hard as it is to make it profitable at some point when you are successful you have to consider what to do with the cash flow and the profits, expansion, diversification, something to protect the gains accrued

[Dolemite73]

Originally posted by mhd:
</font><blockquote>quote:</font><hr />Originally posted by Mack-Williams:
Nice tips. Hopefully if everything goes well I will be able to start my own business by next February.

glad you are reading, i started this thread after meeting you and Dolemite and asking myself what i could do to help a young brother with heart </font>[/QUOTE]Thanks Mark. And trust me, I got my eyes on this thread! I got three kids to put through college.

[liL Ray]

thanks ruse for the info...

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