I absolutely love this excerpt from Brilliant Compensation by Tim Sales!

If you have not watched the DVD you are missing out!

These are 4 crtical, crucial, and important criteria in order to choose and be successful in a business from home!

Enjoy!

Maggie

How To Place Value On A Business

• To understand how to place value on a business opportunity you must first understand the four (4) principles of business – or what to look for in a business.

• 1. Huge Expanding Market. It doesn’t matter how good you are in an industry that is eroding.
  2. Unique Consumable Product. If you don’t have a unique product you will compete on price and convenience. Who has the best price and who is closet to the customer? If you have uniqueness people will come to you. If you want repeat sales the product should be consumable. A non-consumable product means your unemployed till the next sale.
  3. Timing – This means timing trends. Throughout all cycles of the economy there are people who are making money and losing money. The makers are those in front of the trends. The losers disregard trends. How you get in front of large trends? You must study what creates them. Without any hesitation in today’s society it’s the Baby Boomer generation that creates the largest trends. The Baby Boomers are those groups of babies born between 1946 and 1964. In the USA 70,000,000 were born during this time period and a billion were born worldwide. Why is this group so talked about? It is because they represent only 1/3 of the US population but control 65% of all the money. So what will be the next big trends? (1) Health (2) Looking Younger (3) Education (4) Retirement (5) Security (6) Money. If you want to be brilliantly compensated you must focus on industries and companies that have positioned themselves in front of these trends.
  4. Ability to Create Leverage – We are not taught leverage in our society. We are taught to get a good education, build a résumé and exchange our expertise for someone else’s dollars. The problem with that is if we are not exchanging our expertise we’re not making any dollars. So vacation time is costly! A walk around a golf course is costly! Family time, although extremely important, is costly!

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