I am going to add bits and pieces of non-business to this newsletter as well and
make comments and solicit responses to things that have caused me to wonder for
ages about them! I'm also going to seek advice and have a question and answer
I am also (are you getting tired of the I'ms?) seeking guests for my TV show, and
if you are interested in appearing, email or call me. OR, send me a vhs of you
asking questions, or doing whatever, and anything I can use I'll edit into my
show. If you can help get me onto a local TV station where you live, you can become one of my various executive producers! Hopefully, you will find one that will pay a bit for each episode! Otherwise, oh well...
Explain to me why [Q&A]:
Why people smoke when they know that 1) it is killing them slowly and at cost to them, it smells horrible and they are hurting their kids.
Why drivers tail gate when they could safely just go around the party in front? I drive a slow car (I go the limit but it takes a while to get there). I always use the slower or center lane.
Why business owners complain about federal regulations eating up their profits and yet, don't take all the standard deductions they have available to them?
Why business owners often have two sets of books? They think that they musty hide what they do or earn or their families will demand more of them financially or that the government will take it away. I cannot help them with their families (I give as much as possible to my families out of love, not obligation) and the IRS doesn't want one cent it isn't entitled to. If you want to pay zero taxes, and frustrate your banker, you need only approach your tax specialist who understands business and ask, verbatim "what must I do each year to owe zero taxes?" If the tax person says that isn't possible, give me their name and then go to another tax specialist. I'll give them a mini education--they are lazy if they say it isn't possible. Many business owners DON'T WANT TO KEEP RECORDS--which, perhaps unfortunately, is what is necessary in order to prove the legality of owing no taxes. I am audited every few years, takes a few minutes and I still owe no taxes! But, I didn't enter the "no taxes owed" situation naively or frivolously. I knew some people would think I'm a crook until they realized I was legit and have been audited and will continue to be audited. Being audited isn't something to be afraid of! (IT's cost is tax-deductible)
Why do some business owners still treat customers like dirt--or that the customer is someone to be tolerated only--not appeased when possible!
Why business owners don't trust their own people! The
business owners I know say they're are no good mechanics or that waitresses or cooks will only steal or cheat or whatever--take too many breaks! "My costs would go through the roof if I paid minimum wages". Is this a problem? The owner can take home less if it means a $8.50 hr standard of living for good waitresses!
Why don't most business owners share their business goals, ideas, problem with their staff--the owner is afraid the employee will "squeal~ --tell the competition. Who is it the owner hired? The leaders of the Hell's Angels? If the owner hired the person, then the owner should trust the employee. Trust or terminate!
I really wonder if employers realize employees' main job(s) is to help the owner serve the customer. If the employees are not trustworthy, fire them!
Why do many employers say that employees will steal when the opportunity arises and will lie to make themselves look good. That may well be true! Why does the employee lie, unless the employer is a non-trusting type! I would say the employer doesn't know how to hire! People by their original nature are honest and become dishonest when being honest doesn't provide the environment of trust and security they (the employee) had through. Insecure employers hire insecure employees and the idea of fear and distrust is endemic throughout the firm. Trust, on the other hand, begets trust and everyone wins.
Why do some employers hire everyone available, take the time to train them without a manual, and just wait to see who will stay. Some employers have 350% employee turnover rates! Not surprising! At the rate some firms go, they will have hired most every assistant manager candidate for their competition over the next 3-5 years, and won't even realize they have done it--though I've told them (and suggested it several times) that he is giving away his profits by his personnel style! They just hire training managers who feel the same way! Wait to see how much spaghetti sticks to the wall is their feeling! This is how hiring costs go up and efficiency and trust erode! I expect them to continue to have horrible turnover problems!
Why are major camera manufacturers jointly making a 24mm electronic film; requiring one to buy new lenses and the film processors needing 100K in processing equipment. I vote bogus.
I want to crate the world's first venture capital franchise or business--where the "little guy" invests a few hundred dollars and his funds join others and altogether they wind up with $2,500 to no upper limit and I help them invest their money into local start-ups and acquisitions. In this instance, I want the investors to become
involved in some weekly respect with the borrower!
In the coming weeks, we will be discussing every aspect of business, taking excerpts of my book, Assured Entrepreneurial Success.
Your turn: What do you want to say or ask?
What I love most is joint venturing with technicians--those who know they want to start a business but are not sure how. I provide the expertise and the real estate equity that they may take cash out of and they arrange with their bank for financing and I negotiate to help buy the kind of business they want and help them open a vision of the acquisition to do their own invention or
I am interested in investing in this manner into businesses in very city of the WORLD!
(I have my prejudices--if you are into tobacco, multi-level or arms exporting, don't bother me!)
I am searching for a small bank to buy. If you know of any, I will pay a finders fee (or give you stock or whatever) when I purchase it.
I also know the world the 1st world (political language) is turning to computers and software in unheard of numbers. But, there are almost no retail consultants to help these firms survive! I just concluded a 3 month study and there is not one new retail management consulting firm in the world that specializes in operations efficiency yet there are thousands of new retail firms needing this help. AT least I am here to help these retailers! I farm out the software programming and make sure it does what the retailer needs!
How about sections named:
I have several joint opportunities available today;
1) an empty 5 story building in N. Michigan, 6 blocks from Lake Superior. It will take about $300K and then, it will be a 70 room apartment complex and video and pizza combination with my consulting office.
2) an empty two story building in Sheffield, Illinois. It houses 3-5 apartments upstairs and where a restaurant used to be will become a mini business embryo (place for new businesses to open up with no operating expenses--I own a piece of each business) and a laundry mat within the same building.
3) a 24 unit motel in Joseph City, Arizona. I also own the dormant auto repair building next door and want to acquire the restaurant building and request it.
I own two dormant gold moines with $35M gold; appraised!
I own a 74 Lincoln Town car. It is too big for me to drive. I think a young person can use it as a towing vehicle to move elderly people across the city or nation and earn a few dollars
doing so. Or, some other purpose.
I have also 55 IBM electric typewriters--I bought to originally send them to Mexico and rent them out as used equipment since Mexico has no such business.
I know of a new video business, that films remotely and can edit same to make good corporate videos or edit these into TV commercials or TV shows.
Bryant Fischler, CEO of US Venture Capital Fund, Inc., is always seeking firms who wish to sell for stock. Contact me for Bryand's #.
What are your ideas for new sections?
There are perhaps two universities offering retail management degrees throughout the entire nation. Who is supposed to train the assistant managers of tomorrow's retail firms?
My colleagues feel intimidated by WalMart. I'm not. No discounter can overpower a specialty firm and vice-versa. These two retailers serve two different markets. Any merchant who feels threatened need only examine its services and benefits being provided its consumer and learn what merchandise mixes are not offered by the discounter and that have a higher quality level. Inc. Magazine has done many studies and specialty retailing is not dead, nor near dying; it is alive and well with customers seeking higher quality goods and services and is willing to pay for these higher quality benefits.
I've been hearing about the computer software industry. It is strong and growing. So is Wall Street, but both are building on fuzzy foundations--I do not buy in the concept that both are providing value for anyone! Sooner or later, like with casinos, the software industry is going to reach a peak of benefit to the consumer and then flatten out in sales and profits. Businesses can only use so much new software!
My new URLS will include schools, magazines, hot-hiring employers, seminars and the links I used before I added this page! I feel fine introducing those I went to before, because I might well be using most of them again!
ideas on structure of newsletter:
newsletter for prospective, current stable and expanding entrepreneurs
volume #1, April 1996
at the bottom of the first page, left side;
the flag: Entrepreneurial World
published by Entrepreneurial Consulting, Inc
Phoenix, Az 85015 602-279-0561
electronic subscriptions $60.00 per year
100% satisfaction guaranteed
mail subscriptions, $75.00 per year
Structural and other changes to the web page and newsletter will be column one, page 1