Sometimes you win sometimes you learn.

RE: [spiers] Sometimes you win sometimes you learn.

If you never fail...you'll never succeed! Failure is a college wherein
learning is most remembered. It took 3-4 failures before success. Clothing
store, restaurant, heating mfg plant, auto sales...all failures (clothing:
taught me inventory control; restaurant taught me timing and labor cost
controls; heating mfg taught me marketing and perseverance; auto sales
taught me how to deal with people, how to close and ask for the sale, and to
overcome fear of asking and rejection.)

Then came success in private gymnastics school ownership of 12,000 sq ft &
400 kids in which the profit bought me another asset (assets put money into
your pocket every month/liabilities take money out every month)...a
nightclub. I turned the nightclub into a casino and a $350,000 note into
$2.5 million sale. Don't quit, keep learning...keep trying. Surround
yourself with a team of good advisors (CPA, Attorney, etc.) and listen to
them before making any decisions. Get the good ones, the ones that cost $250
hour and specialize in what your needs are. Remember you get what you pay
for. Cheap team, cheap advise! And lastly...get tuned to
http://www.richdad.com and then wealth of business info that lays before you
there. Spend money to improve yourself...education doesn't end with college.
Learn about money/finance...then play the game well. The game of business
ownership. Anyone can get a job (make money for someone else) or buy a job
(a business in which you work harder and longer than if you worked for
someone else...specialists like doctors, attorneys, accountants, etc
(remember if they get sick or something that prevents them from
working....they don't make money). To own a business means that even if you
don't show up...what you started or bought will carry on beautifully without
you and sent the check to you every month (assets). Assets buy more assets
(rental houses, other businesses, stocks, bonds...all produce $ for you
every month). Expenses that create $$$...they are. Good expenses. Not like
bad expenses or liabilities that take money out of your pocket every month
(your home, your car, your boat, a trip, new electronics to play with). Ask
yourself, "If it can't help me make money every month...do I really need it,
or just want it. Good expenses make you richer, bad expenses make you
poorer! What do you really want...when have you set your goal to reach
it...on paper. Enough teaching and preaching...I'm flying to the East coast
to buy a Sea Ray yacht, with money I got from another asset. Then with the
continued income from that asset...I'll buy another.

Import/export is good! Don't quit with one failure. Kick back, reevaluate,
gather the cash...and go again!

-----Original Message-----
From: corpdesignusa [mailto:corpdesignusa@netscape.net]
Sent: Thursday, June 27, 2002 10:10 AM
To: spiers@yahoogroups.com
Subject: [spiers] Sometimes you win sometimes you learn.


At the time of the class I started importing, art glass from Eastern
Europe.
The shipping cost and breakage worries was not conducive to
continuing and my partner went back to Europe. We spent money on
printing and probably some unnecessary things that could have gone
toward the company. $3000 in orders was not our idea of success,
first time out...Had I appled some of the cost-saving
recommendations from John, we probably would still be going. The
course provided a valuable forum for ideas and hands on execution of
ideas. Some of the assignments were full-time activities. Even if the
idea did not exist prior to the class it directed me to look at ways
of getting ideas from customers.
I feel, one must engage fully in the process and continually pursue
that avenue until success is achieved.

A friend of mine, invented an emergency medical device and ran his
company for 8 years before it was bought out by a Danish company. He
got his house on the island, but it took him that long.

I am simmer on some new ideas that I could apply more of this
information from making mistakes and readjusting for the future.

Glen, Orange County, California
gkponcho

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