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jamesskinner tagged articles (0-4 of 4)

  • Four Questions You Should Ask About Private Equity – Question 1 - How many of you have ever had friends come to you and say, “I am starting a business. Would you like to invest?” I guarantee this: As you use the content we are sharing with you, as you become wealthier, you will have lots of people come to you. The one thing that I am pretty much willing to bet is that you have never seen a book that tells you what to say when somebody says that to you.
  • Four Questions You Should Ask About Private Equity – Question 2 - The next question that you want to ask is, “Have you ever done it before?” Here is a small secret: 95% of all businesses go bankrupt in the first three years. That is pretty much standard worldwide. One of the things that should clue you in on this is if they come to you and say, “I have this great idea…” “I have a million-dollar idea.” Million-dollar ideas you can get for a dime a dozen. Think about that for a while and it will put you in a trance. The idea is not important. The implementation of it is everything. The discipline to carry it off is everything. You want to know if they have done it before.
  • A Cash-Flow Positive Business of Your Own – Must Do #5 - We’ve discussed the importance of using other people’s money to invest in your company, keeping your fixed costs as low as possible, keeping the ratio of direct costs to indirect costs very high, and having a profitable business model.
  • A Cash-Flow Positive Business of Your Own – Must Do #4 - We’ve discussed the importance of using other people’s money to invest in your company, keeping your fixed costs as low as possible, and keeping the ratio of direct costs to indirect costs very high. Now, here is the fourth thing you must do to have a cash-flow positive business. 4. You want to have an insanely profitable business model. You all have seen books and articles about business models; the only problem is that nobody ever bothered to define what one was. We define a business model as a brief, concise description of why your business makes money. A business model is a brief concise description of why your company makes money.

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