Posts Tagged ‘great’

Five Tips to Create a Thorough Business Plan

Saturday, March 26th, 2011

A great business plan is the best way to start a business. It prepares the entrepreneur for the many obstacles and avenues that may come up and be utilised. A great business plan will pave the way for funding my means of bank loans and investors and will outline everything from the business name to promotional marketing, market share to the sales strategy. A great business plan is like having your own personal guidebook to success, expanding on the avenues for growth and highlighting ways to avoid failure.

To ensure your business plan is effective, take these tips on how to tailor this useful document to your individual needs.

1) The Industry

When you start out on this important document, you should begin with outlining the industry that you plan to run your business in.

Define what the company will do. If it’s a shop, what will it sell and how is it relevant to the industry? If it’s a service, then how will your service benefit the industry?

Have a clear idea of exactly what products or services you plan to sell. If you want to open a shop, then find out why your stock will sell well, how it fills a gap in the industry or why it is unique? If it’s a service, then ensure you understand every aspect of the service and what education or training it might require.

2) The Market

In your new business venture, who will your customer be?

Do your research to discover the details of the demographic you plan to sell to. Knowing your customer means you can tailor your business to service them effectively and market your product or service to their needs.

DO you know the scope and size of your target market? Is it a mass market or a niche market? Are there trends in the market and if so what are they? How will you capitalise on these trends?

Who is the competition? What other brands, products or services are out there competing for the attention of your target market? What do you expect your share of this market is? How will you capture this share of the market?

What marketing and strategies will you employ to capture your share of the market?

3) Operation

This is the nitty gritty part of the plan now. Where are you planning on locating your business and why? What facilities will you need and can you afford?

What will your staffing requirements be? What will your sales strategy be?

This part is where you define exactly you might need to achieve your business plan.

4) Management

If your business will require staff, then you will need to put a management plan into place. A management plan will define the organisation in terms of the hierarchy of the employees; who is the boss, and who reports to whom?

Will your business require a company strategy of owners, shareholders, directors and committees? IF so how will you decide on these roles and who will you choose?

What benefits, incentives and rewards will you employ to get the most out of your staff in terms of productivity and loyalty?

5) Finance

Here is the fulcrum that you plan rests on. This part of the plan will outline how you plan to source funds for start up, how to generate income and how to manage cash flow.

Will your income be steady all year round or will you have periods of high and low financial activity?

Will you have enough income to employ promotional marketing strategies and if so, what will the budget be?

By the way, do you want to learn more about Business? If so, I suggest you check Promotional Items and Promotional Gifts.

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ACN MLM Business – Opportunity Or Scam?

Tuesday, March 22nd, 2011

ACN, Inc, is a network marketing company that provides consumers low cost telephone service, internet, wireless service, as well as digital and video phones. They have built themselves into a well-known MLM company, and claim to be the worlds largest direct seller of communication products.

ACN has also gained much attention for their income opportunity, and there are some very real concerns about starting or participating in an ACN business. In this article, we will go through and give an unbiased review of the pros and cons of doing an ACN business, and see if ACN is a great business opportunity…or a great scam.

1. ACN – The Good

ACN was founded in 1993 by Greg Provenzano, Robert Stevanovski, Mike Cupisz, and tony Cupisz. They operate in 19 countries and have over 1,000 employees worldwide. The company itself has a pretty simple product line – low-cost telecommunication service, internet service (DSL, broadband, and dial-up) and other basic wireless services. They have experienced double-digit growth for the past few years, and claim to reap $500m in revenue annually. One of the more notable achieve of ACN is that they have gotten Donald Trump to publicly endorse them as a great business opportunity. So far, so good.

2. ACN – The Bad

Whether or not ACN is a good business opportunity, it is clear that Mr. Trump has no intention of starting an ACN business. Additionally, making RVP or SVP (the top positions in ACN) take considerably more work than finding 3 people…who find 3 people…who find 3 people…etc. etc.

The theory of growing an ACN business is that the representative will simply find a few people who are already using telecom service, and switch over to ACN because of the income opportunity. The picture is painted that the distributor can be paid off everyone in their neighborhood who has a telephone…which is most everyone. The problem comes with a marketing concept called positioning.

3. ACN – The Ugly

ACN, like many other MLM’s, teach their distributors to leverage their “warm market”, friends and family. However, when a new distributor comes talking to their friends and family about making a tremendous income with a business opportunity…and the distributor is not making any money…there is a credibility issue that occurs, and the distributor is positioned as a gopher for someone else’s business.

Growing an ACN business can be a great opportunity. They appear to have a good service, but there are plenty of companies that have great products, and many people that market great products never make a dime. There are also plenty of terrible products that generate millions of dollars in revenue (anyone remember the pet rock?) The difference is the marketer, and their ability to target their market effectively.

In closing, I would say that starting and developing an ACN business is lucrative if you know how to effectively use the telephone, the Internet, and other effective marketing tools. It is not a scam, but like any business, success will be determined by the skill-set of the marketer. ACN is definitely not a lottery ticket or a stock option – meaning, you do not just buy in and wait for a payout.

If someone does not have the first clue on how to market effectively, then I would suggest they either learn how to be an effective marketer, or else just use ACN as a way to save a few bucks on your phone bill.

This article can be freely published on a website as long as it is not modified in any way including the author bylines and active hyperlinks.

Joshua Fuson is a professional marketer, and has marketed dozens of different products and services. He has participated in the generation of over $14 million dollars of revenue in network marketing in past 4 years alone. To find out how, you can go… here

To learn more about growing an ACN business, you can go to The ACN Success Blueprint

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Why Business English is Important

Monday, January 31st, 2011

More and more of the people in the work force are expatriates. An expatriate is someone who resides in one country and works in another. For those who already speak the English language going to another country won’t be much of a problem in terms of communications. But for those whose first language is not English it could pose a problem.

It is important to learn business English if you are going to be successful in another country where English is the primary language, such as Australia, United Kingdom and the United States fro starters. If you already have a basic understanding of the language by learning to speak it then you are on the right track. It would also be a great idea to practice writing in business English as well. If your local University offers a course in Business English, it would be a good idea to invest in the class. Reading, writing and speaking English is a great way to start a career.

Business English is a bit different than asking where to find the nearest hotel. There are classes you can take to help you along but there are things that you can learn on your own. Here are some key language skills that you must learn to master Business English. Vocabulary and Grammar are a good place to start, you need to understand what words mean and that is very important. This is one of the most common mistakes made in learning English.

Learn how to pronounce the words and then look up what they mean in the dictionary. Try using them in a sentence; ask someone who is more fluent in English to help you, so you know if you are grasping the concept of the language. Once you have an understanding of English, you have to apply it to Business English.

In business you will have to learn such things as taking messages, answering the phones with proper etiquette and communicating with your fellow co-workers. You may have to learn how to set appointments and possible make travel arrangements. Business English is very different than speaking regular English, the structure is the same but you have to learn things like properly expressing yourself in a professional manner or maybe making a presentation in your office.

If you are working in the customer service sector, you really have to bone up on the Business English. Dealing with the public is sometimes more important than asking your boss for a raise. Most businesses offer training sessions and companies that employ foreigners they offer classes on how to perform the job with the proper business English.

Natali Leeds provides how-to advice on small business and home-based work issues. He helps small businesses reach their fullest potential. His recommendation for to-day is to visit Business English UK and UK mail address

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http://EzineArticles.com/?expert=Natali_Leeds

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5 Simple Tips You Can Follow on How to Start a New Business

Thursday, October 14th, 2010

How to start a new business? This is one of the important things to be considered before starting a new business. Starting a new business is hard to do especially when you don’t know how to start it. There are many things to be considered before you start a new business such as planning, tools, tips, techniques, and other important things needed. All of these things must be applied in order to make starting a new business a successful one.

It is still good to start a new business regardless of the economic situation and recession nowadays. These two will not be a hindrance to your plan of starting a new business as long as you have an excellent business idea, good business plan, the capital needed to it, and the strong determination in making it happen. Starting a new business is a good idea for this can be the way for you to achieve beneficial profits.

Even though there are many things to be accomplished before you attain your goal, it is still worth it because what this business can give you is a good reward. Having an excellent business plan is the first step to be considered on how to start a new business. The business plan will be your guide of putting up your new business where it includes all the step-by-step procedures in starting a business. Aside from the business plan you must also get some effective tips on starting a new business. Here are the tips on how to launch a new business.

1. First is to determine what kind of business you are going to launch. During decision-making, you must think what are your passion, interests, and capabilities. You must choose the business that you think you are really capable with and will suites your interest. If you run a business without knowing and liking it, it will probably lead to unpleasant result. This is really the important matter on how to start a new business.

2. What you do prefer, an online or offline business? With the invention of the Internet nowadays, it can be a great choice aside from running other businesses. In order for you to choose which of the two, you can make a list of the pros and cons of these two options. Some says that it is great to launch an online business because it does not require so many expenses. It will enable you also to tap the worldwide market.

3. After deciding on what kind of new business you are going to launch, you must make a research. Research about the business you have chosen, read and study all the information included in it. You can also attend some seminars and training programs related to your new business or you can also link with industry leaders to get helpful tips and techniques. It is better to obtain more information.

4. Another technique on how to start a new business is to check on the competition before you go for this kind of new business. You must put up a business where you will not have more competitors. Study the present supply and demand in your target slot. If the demand is greater compared to supply, this will tell you that you’re on the exact path for you have obtained great opportunities of generating a sale.

5. One of the vital parts of starting a new business is to get permits and licenses. The permits and licenses that you will get will depend on the kind of business you have. You must prioritize this one in order for you to have a legal business.

Starting a new business is the first step of getting into rewarding income. That’s why it is important to start your new business using these tips for this can be great guide in making it happen.

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Why an Attorney Is Essential for a New Business Owner

Wednesday, September 15th, 2010

The first and smartest step a new business owner should take is to get an attorney to help him get started. The most important thing your lawyer will need to decide the appropriate business form for your new business. Your attorney can evaluate your particular circumstances. The attorney can also advise you as to which business form will give you and your assets the most protection from liability. When first starting your own business it seems impossible to imagine that a dissatisfied customers or an angry ex- employee might ever sue you. Believe it or not this could happen and you would rather be safe in this type of situation.

Depending on the amount of assets you have and how much exposure your company will have your lawyer will advise you as to whether you should operate your company as a sole proprietorship, a partnership, a corporation or perhaps a limited liability company. How you form your business involves decisions that will be crucial to the success of your business. It is vital that you involve your attorney in these essential decisions so that you can get your company off on the right foot. Your attorney may also be able to recommend the appropriate professionals, such as accountants when needed. If you do have a business partner you will want to consult your attorney so that he can work out the financial and other partnership issues involved in your business. You will do this so that you are fair to both you and your partners.

Your attorney can be a very important resource for conducting your business. Your attorney can advise you as to what type of insurance coverage you will need to protect your business and it’s assets, as well as your personal assets. You will want to consult your attorney on any contracts to which your business will be involved in. It is always a good idea to have your attorney present to review any contracts, including lease agreements before you sign them. Your attorney can also help you with any questions involving legal matters such as copyrights, patents or licenses. Another great time to have an attorney is when you hire or fire an employee. An employment lawyer is a great resource in designing a written personal policy that can protect you and your business. An attorney can also advise you of the legal consequences of certain personal decisions you may have to make. The best example is if you are planning to lay off an employee you can discuss first with the attorney to determine what the steps are that you should take and how to handle the matter so that it will not come back to haunt you.

Finally, if you think you may have to sue someone or think someone will sue you, you should talk to your attorney immediately. Most lawsuits involve strict time limits and should be dealt with on an urgent basis. This can be very true in cases of employment issues or worker’s compensation issues. These kinds of lawsuits can destroy a business and should be dealt with fast and appropriately. You will want to make sure that you find an attorney that fits your needs and that you feel comfortable with.

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Once you’ve selected a good logo, make sure you contact a trademark lawyer to secure all your rights to it. Failing to do so could result in regretting it down the road.

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Choosing a Name For Your New Business

Thursday, September 2nd, 2010

Congratulations! After years of dreaming about being your own boss and signing your own paycheck, you’ve finally decided to take the plunge and start your own business. In this day and age, who can blame you?

It’s a safe bet you’re feeling pretty excited about all the new opportunities that lie ahead and you probably have a wealth of ideas to put to use. That’s good, too, because you’ll soon be facing a seemingly never-ending list of things that need to get done. All of them are important, of course, but there’s one task in particular that you should put at the top of your list: a name.

What’s in a Name?

Believe it or not, but your business name is one of the most important decisions you’ll make in these first few months. What you ultimately decide to call your new business is going to affect the way your customers perceive you — whether you’re fun-n-funky or Seriously Serious. It’s important to choose a name that conveys the “feel” of your product or service and the “texture,” if you will, of your brand identity.

If you already have a name in mind, that’s great. If you don’t, though, don’t worry; it may actually save you some time. Think about it: your business is going to need a website. That website will need a domain name. And, ideally, that domain name should be the same as your business name.

Let’s say, for example, you’ve decided to call your new business “Super Deluxe Widget Store.” You get business cards printed up, you pay for a listing in the yellow pages and then you get to work on your website. But when you go through the domain registration process, you find out that superdeluxewidgetstore-dot-com has already been taken.

I don’t need to tell you how that’s going to feel.

Avoid an Identity Crisis

So how can you avoid such a disaster? Easy: when you’re deciding on a name for your business, confirm its availability as a domain name first. You might discover that your first choice is available, which is great, but it’s more likely that your initial choices have already been claimed. It can be a little depressing, especially when you’re just starting out. But it’s not the end of the world.

To overcome the frustration, grab a pen and a sheet of paper and start writing down every single possible name you can think of for your business. You’ll be tempted to leave the “bad” ideas off your list, but write those down as well. So-called “bad” ideas often have a way of triggering a break-through. Just keep writing until you have at least 25 or so possible names. And, yes, variations count. “Super Duper Books” and “Super Duper Book Store” are two distinct ideas.

Now, when you have that done, take a break. Put your list somewhere out of sight for a day or two. Focus your mind on other endeavors and when your list has had time to simmer, go back and re-read it. Highlight or underline the names you like. Jot down any other ideas that come to you. Have fun with it!

Then, when you’re ready, visit your favorite domain registration service and start testing your list of business names. If one you like is available, get it registered. If you don’t, you could come back a day or two later only to find that competitor has nabbed it.

On the other hand, if you’re not thrilled with any of the names that are available, don’t settle. This is your business, after all. Just go back to step one and start over. Make a new list. Choose some new names. Try a new search. Repeat as necessary.

Call in the Reserves

It can be a lot of work. It’s worth it, but if it sounds like too much to deal with or you just can’t seem to come up with any names that really strike your fancy, consider hiring a professional copywriter to help you out. That’s what copywriters are for, after all: to put the right words together.

No matter how it gets done, though, whether by way of sheer will or professional copywriting help, make sure you give top priority to choosing a business name that you can register as a domain. In the long run, you’ll be glad you did. A clear, consistent business identity builds credibility and significantly enhances your market impact. And, besides, would a business of any other name operate the same?

New Business Start Up Ideas – 3 Quick Ways to Find and Exploit Profitable Consumer Trends

Thursday, August 26th, 2010

If you are looking for new business start up ideas and are running short on inspiration a great brainstorming technique is to research emerging consumer trends. In the (bad) old days this involved reading extensive market research reports which were often produced infrequently and expensive to purchase. Whilst this kind of research is still very useful, the power of the internet has now given entrepreneurs alternative possibilities for researching profitable consumer trends.

Here are 3 top ways of tracking consumer trends for free:-

1. Consumer Trend Websites. Simply search the web for “consumer trends” to find these. There are many useful resources here including syndicated market research reports (e.g., trendwatching.com) and other sites which collect innovative new business ideas from around the world using people “spotters” who submit news on trends and new business launches as they see them (e.g., springwise.com).

2) Google Insights. Consumer trends will generally be represented by increased search volume on related terms in search engines. The free Google Insights tool (again search on this term to find the site itself) is incredibly useful in this respect. Simply enter the phrase into the text box at the top and click search. You’ll immediately be presented with a chart which will indicate whether there is rising or falling interest in your chosen topic as well as predictions for how the trend will develop in the future! It is also very useful to note if there are any seasonal trends occurring (type in “Christmas” to see a great example of this!). Also, pay attention to the “Rising searches” which are displayed at the bottom right of the page which are also helpful in indicating profitable new business opportunities going forward. You can even select the specific geographical region (e.g., United States), sub-region (e.g., Utah) and metro area (e.g., Salt Lake City) to check if people are becoming increasingly interested in a particular topic or trend where you live! As an example to get used to the system, why not find out if people in your local area are becoming more or less interested in “dog walking services”?

3) Twitter. This is useful for much shorter consumer trends but still invaluable if you are struggling (say) for a timely and relevant subject to write about on your business website’s blog. The “Trending” tool allows you to see the most talked about topics in your local area. In addition, the search facility on the main Twitter homepage will let you discover exactly what people are saying on a chosen topic. Try adding a “?” in your search to find users which are tweeting questions.

Naturally this just scratches the surface but these 3 techniques are nevertheless a great place to start for generating profitable new business ideas for which there is increasing consumer demand.

Robin J Johnson is a startup entrepreneur. Check out Robin’s free resources on Business Ideas and Business Startups at Business Virgin Online.

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3 Hot Spots For New Business Opportunities to Double Your Sales!

Thursday, August 5th, 2010

Okay, well these “new business opportunities might not be that new, but I bet most of you haven’t used them in your business. Claiming they will double your sales is a big claim as well. I’ve seen it happen over and over again so don’t doubt it’s potential. These 3 hot spots are places where you can interact and mingle with other business owners. That’s right. I’m talking about setting up business to business marketing strategies to increase your business.

There really isn’t anything that can match joint ventures. No matter what happens to other areas of marketing as time passes, you will always get great results when working with other business owners. Google might bump your website down to the 3rd page…there went your search engine traffic. Your direct mail campaign or radio ad might swamp this year…ROI(return on investment) down the drain. But guess what, you can always go talk to your friendly non-competing business owners and agree upon a mutual relationship to help each other out. That will never go away.

So, what are these three hot spots to find the new business opportunities? Well, let’s start off with a simple one.

Your Local Phone Book

Yep. It’s as easy as that to find new business opportunities for you. Make a game plan of all the possible businesses that could benefit both you and themselves by both working together. Now, get on the phone or start visiting these businesses. It’s as simple as that to find new businesses to work with.

Check Your Local BNI

The BNI organization is a group designed for opening networking and referrals between small businesses in your local area. It’s a great way to meet other business owners looking to build their business. These are the type of people you want to look for. It won’t do you much good looking for a business owner that is striving for more.

Go to your local BNI meetings. More then likely you won’t get much of an opportunity to speak about your business in the first couple meetings. You will be able to mingle though. Get business cards. Pass out information about what you provide. Just make your name be known. When you find a business that you believe there can be a mutual agreement made, let the business owner know.

Meetup.com

Aww, meetup.com. My favorite place to find local business owners. This website is just great for setting up casual get togethers with like minded business owners. I’ve found more new business opportunities from this website than any other option. Get on there and create a luncheon meeting. It’s something simple and doesn’t take much time.

I’m telling you how to double your business in the next couple months. Do what I say and you will see the results. I can guarantee it.

If you are wanting more information on what kind of new business opportunities you can use for your business, then you need to grab my guide to exploding your sales in under 90 days, Five Step Formula For Explosive Growth. It will show you a great marketing plan template to use in your business as well as much much more.

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http://EzineArticles.com/?expert=Travis_Petelle

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Business Opportunity – Recession Proof Dog Training

Monday, July 12th, 2010

franchise.sitmeanssit.com Jim Closson from Sit Means Sit in Boise, Idaho answers our question of the day which has to do with trainers that are interested in getting into our Sit Means Sit dog training franchise, but already have an existing dog training business. Jim was exactly in that position also. The pet and dog related business opportunities are great recession proof businesses. Obviously, the chances of beating the recession are much higher in a business where you can walk in and have immediate google exposure, and the advantage of having a lot of others that are together not only mass marketing, but a support group as well that you can throw ideas off of and regional and national training seminars that keep our dog training clearly above the rest in every capacity. There is also constant training on social media and other things, and Sit Means Sit dog training franchise business also understands the value of video marketing because when you have a great product, you certainly want to show it off. Not having all of these things at your disposal a long with the best dog training system out there, and after all, dog training is our product, would make it harder for someone to succeed without all of these tools and strength in numbers

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Original post: Business Opportunity – Recession Proof Dog Training

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Bad News – Why The Financial News Media Can Cost You Money!

Saturday, June 26th, 2010

By Scott Matthew Brown

The communication innovations we have around us today like the internet, financial newspapers, and special interest television channels focused on investing like CNBC are a high speed pipeline of nonsensical chatter. All these sources of information mean that there is no shortage of media people trying to answer our questions about the stock market and specific stocks. You have to remember that the news media are constantly competing to survive against other stuff you can watch. If they don’t always sound like they know exactly what is going on then you won’t watch their presentations. If you don’t tune into their show then their ratings go down. If their ratings go down they get fired and their show gets cancelled.

This means that financial journalists are in the business of finding great stories and sounding like authorities no matter what. The stock market is a great place for them to dig up news ‘scoops’ to feed to the public. They don’t really check their facts very well and sometimes not at all. This means that if some insider wants to feed you a line of bull manure then all they have to do is maintain good connections with financial journalists, sponsor an investment show, or outright buy an investing TV channel like Jack Welsh the CEO of GE did when he set up CNBC. What a great way for inside executives to control the flow of news information to the public then to actually own one of the only financial news channels…but not so great for you!

These journalists also kick up the fire by bringing in so-called ‘experts’ to talk about each side of some topic that real experts would not consider important. This just makes it all the more confusing for the public to understand what is important when buying or selling a stock. Shows on CNBC like ‘Closing Bell’, ‘Kudlow & Company’, and ‘Mad Money’ do nothing but confuse and misdirect the attention of most individual investors in the public. Even worse this means that the financial news media allows overpriced stocks to be recommended through analysts in the inside web that inside executives are dumping on the public because they are trying to get out. This actually happened at the top of the bull market in 1999. For a great historical description of what happened read Maggie Mahar’s book entitled “Bull.”

The famous Yale University Economist, Prof. Bob Shiller, Ph.D. is particularly harsh on the media in his book “Irrational Exuberance.” Dr. Shiller is one the economists that Alan Greenspan respects most and where he got the term “Irrational Exuberance.” He portrays the media as sound-bite-driven where superficial opinions are preferred over in-depth analyses. I agree whole heartedly with him and contend that it is also done just because the industry would rather have the retail investor confused and emotionally pliable to get you to buy and sell when they want with total disregard for your best interests!

People who had invested their life savings in the stock market were ripped off in the stock market because the financial news media and analysts were hyping up what a great buy stocks were at the very top of the market in 1999 and 2000. At the same time inside corporate executives were selling out everything they had. What is amazing is that our federal government in the form of the Security Exchange Commission never did a thing about it. There was never an blanket case taken or an outcry that almost all of the inside executives had somehow magically sold out of the market six months before the market crashed.

Here is the valuable tip I want you to consider in this issue of “The Wallet Doctor”: when you are a beginner investor it is important that you DO NOT WATCH THE FINANCIAL NEWS OR READ THE FINANCIAL NEWSPAPERS! Don’t let the stock market industry lead you around by the nose like livestock to the slaughter house. Don’t listen to what they want you to listen to. You should focus on learning what is important in the stock market and the mass media will only confuse you until you have educated yourself. Also, don’t forget that I show you how to focus on what is important to identify stocks that are low priced but unlikely to go lower because the insiders may be buying them up and I show you when to sell when the same insiders are likely dumping the same stocks on the public in my course “The Blue Collar Base Bonanza – What the insiders [definitely] don’t want you to know!” You can get more course information on the course website.

Recommended reading:

1. Mahar, M. Bull! A History of the Boom, 1929-1999 (New York, HarperBusiness , 2003)

2. Shiller, R., Irrational Exhuberance, (New York, Broadway Books, 2000)

I wish you the great abundance in your life you deserve because of what you are and don’t forget that happiness is found only in the precious present moment!

About the Author: Dr. Scott Brown, Ph.D., the Wallet Doctor, is a successful investor. Dr. Brown holds a Ph.D. in finance. The Wallet Doctor is sought after for investment advice and coaching. For more information visit Dr. Brown’s site at http://www.BonanzaBase.com or sign up for his investment tips at http://www.WalletDoctor.com

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