Thursday, July 31, 2008

Leverage your time or money in business

In a traditional business, you use money (either your savings or bank borrowings) to make money. This is called money leverage.

You have to start with some money first to
a) register a company,
b) rent and renovate a place,
c) buy some furniture and equipment,
d) hire and train some staff,
e) purchase raw materials / stocks
f) product registration, certification, patent.
g) spend on advertising, promotion, sales and marketing
h) cash flow & credit collection

To do items a-h, you need access to lots of cash and skills in accounting, law, engineering, purchasing and negotiation, hiring and staff training, product development, technical details, cash flow, sales and marketing and credit collection.

Many people with just 1 skill set, think they can run a business. 70% do not last 3 years and 90% fail within 8 years.

Now when your earn your first dollar, you get paid last after your

a) suppliers,
b) bank loans
c) staff
d) landlord
e) finally yourself if there is any money left over

The Bioslife Franchise is the simplest and cheapest business you can start at just RM2,400. You work part time from home, without the need for a shop front, staff or equipment. This is called Leveraging your Time

You get paid a monthly 5-10% royalty income of all your Franchisees and Sub-Franchisees in 17 countries. The only skill set you need is to learn how to passionately share and promote the benefits of this franchise to your contacts anywhere in the world.

This is truly a passive business income, meaning income you earn, not from your direct efforts, but from the efforts of thousands of your franchisees and sub-franchisees.

I've been a home based franchisor for the last 9 years and today teach others, how to enjoy the time freedom, that comes from earning a passive business income with the Bioslife Franchise.

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