Business Grants Success Stories
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If you’re an employee, you are investing in a business. You’re buying a business for your employer. If you know how to manage a company, why don’t you have your own?
J. Paul Getty, one of the richest men in the world, said there are three steps to getting what you want:
1) Set specific goals.
2) Associate with people who are already successful.
3) Invest in your education before investing in a business.
Does this sound right to you?
Let’s say you want to own a business. To earn money based upon your performance, rather than what the boss doles out to you. To control your worklife. To feel financially and emotionally secure because you are doing exactly what you want. To wake up every morning excited about the day ahead and delighted with the life you made for yourself. Imagine your status in your community when you have this. Imagine your status in your own family.
Why can’t you save your way to financial security? First, you work for someone else who gets the profit on your labour. Second, the dollars you do manage to squeeze out of your overstretched budget are after-tax dollars. This is why it’s impossible for much of the population to become financially secure.
One reason small business owners do better is they accumulate assets with PRE-tax dollars. When you own a business, you enjoy tax loopholes designed to give you an advantage over the wage earner. And when you sell your company you can arrange for the company to continue to pay for your health and life insurance -- and other benefits -- in PRE-tax dollars by making it part of the sales agreement with the buyer.
Do you know that small business owners have access to better retirement savings plans than just RRSPs? Business owners can shelter more of their income in personally-tailored RCAs and IPPs than most employees can.
Wouldn’t you like to get into business and out of the tax-paying business? The best way to do that is to purchase an existing, independent, winner business – because you make money from Day One.
It doesn’t have to take a lot of money.
According to Business Week, “About 20% of small businesses change hands each year. Your biggest hurdle may be finding the right one: There’s no central listing. When you find one, you don’t need deep pockets to get into the game. Experts say background and credibility are more important than the amount of cash you can bring to the deal.” You can buy a going business with little or none of your own money -- an established, profitable one that pays you at least as much as you are accustomed to earning, immediately upon buying it, and more later if you improve it. That's if you know how to do it.
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