The secrets for business growth during a recession is always a painful lesson for many. But I’ve often come across these 7. And if you’re still wondering how those guys and gals can achieve financial freedom and enough business growth to get that shiny new sport cars just when the recession seems to have ended?
They sure have a few tricks up their sleeves. To achieve business growth is tough enough during a growing economy, but during a recession?
It’s possible and in fact, many wealthy people take a recession as a positve.If you want to find out a little more about some of their tips and tricks to make money and build wealth, just read on.
Here are 7 of their secrets.
1) During a recession, there’s panic selling everywhere – you can buy investments cheaply and hold – e.g. real estate and good stocks.
2) Take the opportunity to start promising ventures – there will be changes – and the most promising ones will see multiples in income/profits.
3) Cut back on expenses – e.g. amalgamate resources, improve productivity (due to lower costs and new productivity methods).
4) Take advantage as more joint ventures become available – their stocks are being sold at much smaller multiples or even at discounts of their original costs.
5) Buy up underperforming companies for pennies on the dollar and flip it.
6) Barter – the trade of services for each other can reduce the taxable values of your entire portfolio – make sure these are properly recorded as a value or not in your books – if this is a business venture. However, you may add or reduce it’s inherent value as a mutual enticement to do business.
7) Buy cars or depreciating assets – new or used – at significant discounts. Most vehicles, especially the costly luxury ones are being sold at wholesale prices because dealers are trying to reduce stock free up much needed operating capital.Hence those shiny new cars you sometimes find on the streets during a recession.
Now, I’m sure you can see fit to benefit from at least one of these little secrets toward your financial freedom.
Technorati Tags: Build Wealth, Business Growth, Growing Economy, Make Money, Recession
Tags: Build Wealth, Business Growth, Growing Economy, Make Money, Recession
Posted in Achieving Financial Freedom, Business Growth, Business Strategy, Cash Is King | 1 Comment »
Golf Resort And Donald Trump In Aberdeen.
Let me give you a choice – the spectre of poverty or a mega investment to bring a strong measure of wealth to your home town.
People are most certainly far more voiciferous about what they want and not. Let’s take this case about Donald Trump and Aberdeenshire.
A Majestic Aberdeenshire Castle
LONDON (AFP) –
The Scottish government Monday approved plans by US tycoon Donald Trump to build a huge luxury golf resort on the country’s east coast in the face of opposition from local residents and environmentalists.
Finance minister John Swinney said there was “a significant economic and social benefit” in approving the application for the one-billion-pound (1.3-billion-euro, 1.6-billion-dollar) complex north of Aberdeen.
Trump welcomed the decision, saying: “We are greatly honoured by the positive decision and believe that the people of Scotland will be extremely happy with the final product.
“It will be a tremendous asset and source of pride for both Aberdeenshire and Scotland for many generations,” added Trump, a New Yorker whose mother was a Scot.
The Scottish government in Edinburgh, which has powers over planning policy, called in the proposal, setting up an inquiry amid a row about the pros and cons — and Monday confirmed its approval.
Scotland’s First Minister Alex Salmond said the course would create 6,000 jobs and give the area a timely economic boost. “In tough economic times, substantial investment of this kind is at a premium. Six thousand jobs, including 1,400 which will be local and permanent, is a powerful argument. The natural beauty of the area should be used to Scotland’s benefit. The economic and social benefits for the northeast of Scotland substantially outweigh any environmental impact.”
One of the sand dunes area with environmental concerns.
Was this a result in part a result of the current economic fallout?
I’m sure it had a strong bearing. But also, to balance the impact upon nature, this is not a mining operation nor is it planned to be a giant new urban centre, but a brand new resort. The protected natural reserve will remain that.
The cries of the destruction of the natural beauty of the area is really more to do with ownership, not nature. Bear in mind, this was old farmland. People have already changed the landscape and failed to make it worthwhile today.
Being a resort, it will most certainly change the landscape and lifestyles of the residents. There will be more jobs, more money, higher property values, more visitors, more homes and really, more wealth.
This golf course near Aberdeen had no snow in winter! Fantastic Resort Area.
There are those in the area that really oppose this plan but they really are in the minority. Many fear change. Many want their cake and eat it too. Well, maybe they can.
Let me add another little piece of fact to the whole mix. Aberdeen is the launching pad for North Sea Oil Platforms and also the world’s largest helipad operations – 40,000 landings/flights per year – servicing the thrillions of pounds of North Sea oil and oil platforms. Now you do the math and see if Mr. Trump knows what he is doing…
So, what would have been your final choice? Grudging Mr. Trump or embracing our 21st century way to build wealth?
Technorati Tags: Aberdeen, Build Wealth, Donald Trump, Golf Resort, Higher Property Values
Tags: Aberdeen, Build Wealth, Donald Trump, Golf Resort, Higher Property Values
Posted in Competition and Business Strategy, Golf Resort and Donald Trump, Real Estate Investment | 3 Comments »
