Tuesday, August 23, 2022

How DO You Make Money?

I am only going to address legal ways to make money.  I will not discuss either private or public organized crime.  The private sector could involve jail time which is not attractive.   In the public sector, we have too many people going to Congress as paupers and leaving as millionaires. 

There are five ways a business makes money. 

1.  With a special skill or talent. 

If you are a medical doctor or surgeon, people come to you.  Some other special skills might be; veterinarians, land surveyors, lobbyists, and in some cases lawyers.  Congratulations if you fall into any of these groups. 

2.  Having money to invest. 

Many of us have money invested in a savings account, stocks, bonds, or a 401K, but it does not generate enough income to live.

If you have enough money, you can invest it wisely in a business and make money.  You may or may not want to be personally involved in the business.  Both options are available

3.  With employees.

If you have enough employees working for you and those employees are efficient in their jobs, you should make money from each employee’s efforts.

Employees may be skilled or unskilled, but in either case you must be able to manage those employees.  Employees are human and do not always do what they should.  Some people cannot manage employees even with a good system. 

4.  Selling.

If you don’t have a lot of money and or employees, you have to be able to sell.  A good sales system can help, but not everyone can sell.  

I have had clients say, “I can sell if it is something I believe in.”  This is a false premise.  Handling rejection is a big part of sales, and when you believe strongly in your product or service, the rejection is even more devastating. 

In reality, most businesses involve some combination of 2, 3, & 4.  Number 1 could still require the other 3. 

Every business has to be marketed.  A good web site or newspaper ad will not do it.  I have seen people spend their money on a great web site without a complete marketing plan to drive potential customers to the site.

 

“How Do You Make Money?” is chapter 5 in my book Business Fits.  More information is available there. 


Business Fits by Terry Oliver Lee is available on Amazon as an e-book or a paperback. http://BusinessFits.com

 

We must fight for fair elections and take control back from the DC establishment and Deep State.  These are the first steps to take back this country.

2 comments:

  1. This is a duplicate of a posted comment the August 16 blog titled Democrat Party Gestapo. Would not want the blogger to miss it. Here’s a quote from the that blog:

    “Nobody in the history of this country has been investigated more, or had more false claims and lies against him than Donald Trump. Even after all this he is cleaner than any of the people trying to frame him.”

    For someone that is “cleaner” than most, Trump sure does have a lot of individuals in and out of government that do not think so. There currently are 18 active legal actions that include criminal investigations and civil lawsuits.

    September 2015 - A group of six protesters are suing Trump over allegations that Trump’s security guards assaulted them outside Trump Tower in 2015

    October 2018 - A group of anonymous plaintiffs have filed a class action against the Trump family and their business, alleging that the Trumps used their brand to scam investors into paying for worthless business opportunities.

    2019 -The Manhattan District Attorney pursues a criminal investigation into potential tax crimes, insurance fraud, and other financial crimes under state law.

    2019 -The DC Attorney General announced a criminal investigation into Trump’s alleged role in provoking the Jan. 6th riots.

    September 2020 - Mary Trump is suing Donald Trump for defrauding her out of millions of dollars in an inheritance dispute.

    October 2020 - Jean Carroll is suing Trump for defamation after he publicly accused her of fabricating a rape allegation against him.

    November 2020 - The NAACP’s Legal Defense Fund is suing Trump, the Trump Campaign, and the RNC for their efforts to overturn the 2020 election in violation of the Voting Rights Act and the Ku Klux Klan Act. While the litigation is still at its early stages, Trump faces damages and a declaratory judgment that he did indeed violate these provisions of the law.

    December 2020 - New York’s Attorney General files a civil suit alleging that the Trump Organization altered property values to avoid tax liabilities.

    February 2021 - The Fulton County, GA DA’s Office has opened a criminal investigation into attempted election interference by Trump. May 2, 2022, the Fulton County state prosecutors convened a special grand jury to investigate whether there were unlawful attempts to disrupt the administration of the 2020 elections in Georgia.

    February 2021 - Ten members of the House of Representatives, represented by the NAACP, are suing Trump, Rudy Giuliani, and two right wing militia groups for conspiring to forcibly prevent Congress from counting the Electoral College votes on Jan. 6.

    CONTINUED IN NEXT COMMENT

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  2. A CONTINUATION

    March 2021 - Representative Eric Swalwell sued Donald Trump, Rudy Giuliani, Donald Trump Jr., and Congressman Mo Brooks in federal court over the Jan. 6 riots, alleging the defendants violated federal civil rights laws–including the Ku Klux Klan Act–when they conspired to interfere with the Electoral College Count on Jan 6.

    March 2021 - Two Capitol Police officers sued Donald Trump for injuries they sustained while protecting the Capitol. Both allege that the rioters physically attacked them with fists, chemical spray, and other weapons. They allege that the former president, by his incendiary words and conduct, directed the physical attack and emotional distress.

    March 2021 - A second group of Capitol Police officers filed suit against Trump, the Proud Boys, the Oath Keepers, and other affiliates involved in allegedly planning and executing the Jan. 6 riots. The seven officers claim that they were physically and emotionally injured by attackers that Trump instigated

    October 2021 - The Westchester, NY District Attorney’s Office launched a criminal investigation whether the Trump Organization misled local officials on the property values of its golf course in order to reduce its taxes.

    December 2021 - Michael Cohen is suing Trump, the US government, and other officials for allegedly retaliating against Cohen after he announced a tell-all book detailing his years of legal work for Trump.

    January 2022 - A third suit was filed by a Capitol Police officer alleging that physical and emotional injuries he suffered were caused by Trump’s inciting the Jan. 6 riot. The complaint alleges that Trump directed, aided and abetted, and conspired to incite the riot.

    January 2022 - Two Metropolitan Police Officers filed suit alleging that physical and emotional injuries they suffered were caused by Trump’s inciting the Jan. 6 riot. The complaint alleges that Trump directed, aided and abetted, and conspired to incite the riot.

    February 2022 - The National Archives has asked the DOJ to examine whether Trump mishandled classified White House records in violation of the Presidential Records Act.
    The Justice Department has started a grand jury investigation into whether classified White House documents that ended up at former President Donald J. Trump’s Florida home were mishandled. Aug. 8, 2022, FBI agents searched Trump’s Mar-a-Lago property.

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