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So, what is a person supposed to do, given the "doom
and gloom" that the media is presenting? We're not saying that
everything is rosy and bright, but there are those that know how to
capitalize regardless of what the economy is. Did you know that Warren
Buffet has been happily
buying stocks while everyone else is panicking and selling them all off
(admittedly, he is the richest person in the US)?
He knows a bargain when he sees one. So, what's the rest of us supposed
to do?
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The first thing is not to panic. Regardless of the
economy, one must analyze their options and make the best decision for
themselves. With that in mind, we'll answer some of the common questions
we have been getting and how we believe the timing is still there for
the right opportunity.
What am I supposed to do now with the volatile markets
and banks going under?
Again, the best thing to do is not to panic. Instead
of making rash, emotional decisions, it is much better to analyze
everything from a "bigger picture" perspective and make a plan of action
for yourself. First of all, your bank deposits are
protected, so unless you have an extreme amount sitting in an account
(most don't), you don't have to worry.
Many people have also been affected by the stock
market volatility, especially their retirement portfolios. Ask yourself
a few questions. Are your investments made for long term or short term
gain? Do you have a diversified portfolio so that fluctuations don't
impact your investments as much?
In terms of diversification, have you thought about
letting some of your money work for you in other ways, such as having
your own business? Instead of "putting all of your eggs in one basket",
it's probably wiser to spread them around a bit.
Regardless of the economy, having your own business
has always been a good thing financially. Financial advisors have always
recommended self employment or small businesses as part of a good
financial plan. There are many benefits for doing so and we will list
many of those answering the next question.
Consider letting some of your money work for you in a
business and not only will you get financial benefits, you give yourself
the ability to control your own future.
is now the right time to start a business?
People start businesses all the time regardless of
the economy. Sure, there are conditions where you wouldn't start a
business, but that would be more specific. For example, you wouldn't
want to start a business selling umbrellas in an area that gets only a
few days of rain each year. Or, you wouldn't want to start building new
housing subdivisions when the market for houses is low and there is a
glut of houses available to buyers already. Not starting a business
under these conditions is simply making a good
business decision. Factors such as these need to be taken into account any time you
consider starting a new business.
The reality of whether this is the right time to
start a business is greatly dependent on one thing - YOU.
Are you ready to start a new business? Have you done your due diligence?
Do you understand the risks? And the rewards? Do you have a plan of
action? Or are you planning to "wing it?" These questions, and more,
will have the greatest impact on whether this is the right time to start
a business.
Register and get your copy of our E-Guide on whether
self employment and running your own business is right for you. And if
it is, whether our business is the right business for you.
REGISTER NOW TO GET YOUR FREE GUIDE TO SELF
EMPLOYMENT
are people still interested in golf and travel?
Probably one of the questions that you are asking is
that with what is going on, are people still spending money on golf and
travel? Good question.
Both golf and travel industries have gone through
their ups and downs, but in general they continue to do well. After
9/11, both of these industries slowed down, but eventually, came back
and showed growth again. The travel industry has grown tremendously and
has been forecast to continue its growth over the long term. Sure, there
may be a short term impact of both golf and travel, but both are
forecast to rebound and grow into the future, especially travel, which
is estimated to double in size in ten years.
One thing to note is that the travel industry was
forecasting double-digit growth and were preparing for it. For example,
cruise lines were building new ships, adding more ports, and offering
more itineraries. Even with the recent turn of events, they haven't just
stopped in their tracks. They continue on with their plans, and this has
resulted in new benefits for travelers - better pricing, more
competition for business, more selection and even removal of such things
as fuel surcharges. If you are looking for travel deals, now is the time
to get them.
With that in mind, it should also be noted that
golfers and travelers tend to be in the upper middle to higher income
ranges. Although they are affected by what is happening, the impact
tends to be less dramatic. Many will continue to do what they have
always done: still golf at their club, still go on vacations, etc. Our
customers and members typically are within these demographics.
People will still travel. People will still play
golf. It doesn't matter if it was a $7 trillion industry and now it's
only a $5 trillion industry - getting your tiny slice of this industry
will still result in a pretty good business.
there are so many business opportunities, where do I
begin?
Entrepreneurs have more choices than ever to start a
new business. There are literally thousands of opportunities available
and each one claims to be the best. How does one decide what is right
for them? Before we launched The Golf & Travel Club, we spent a lot of
time researching and analyzing many of these businesses. We wanted to
know everything about them - their business model, their growth, their
products, etc. What we wanted to know the most though, was what was
behind all of the hype and marketing. Although we suspected a lot of
things, we were still "surprised" by what was going on with many of
these opportunities. We discovered "truths" that insiders didn't want
you to know, Truths that would make people shake their heads and wonder
why people would get involved at all.
We've put together a short E-Guide to help you wade
through some of the most popular business opportunities out there. We'll
tell you what they are telling you. Then, we'll tell you what they
AREN'T telling you. We'll show things to watch out for and how not to
get caught up in the hype.
REGISTER NOW TO GET YOUR FREE
GUIDE TITLED
"THE TRUTH ABOUT BUSINESS OPPORTUNITIES"
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