Introduction:Thinking of starting a business? My hat is off to you, and I hope that this blog can provide resources for you to get started. Since my retirement from industry six years ago, I have been a SCORE volunteer (Service Corps of Retired Executives). Over these years I have met many clients who dream of starting their own business. Their motivation to start a usiness may vary, but their common goal is a desire to be successful and to be their own boss. My experience has imparted to me a good sense of those who will be successful and those who will not be successful. It is those people who are prepared and have a strong urge that are successful. From my training and experiences I have prepared a suggested road map to start your own business. Do take advantage of your local SCORE volunteer while planning for your business. The service is free and the volunteer can be found through your local Chamber of Commerce.The Business IdeaThe idea to start your own business can come from many sources: your hobby, your work experience, your desire or a situation you found where a service was not being met. To confirm […]
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What is residual income? Residual income (alias, Passive Income) is income earned on an ongoing basis for effort done once in the past. A home based business that generates residual income typically involves plenty of Internet marketing to promote affiliate programs. Affiliate marketing is a revenue sharing partnership between a web merchant and one or more affiliates. The affiliate is paid a commission for completing sales or referring leads to the merchant. The advantage to the affiliate is that he does not need to have his own product or inventory, nor does he need to worry about e-commerce, bookkeeping, or even customer support as these responsibilities still rest with the merchant. Once the affiliate has built his own team of downlines, he typically will get a commission for the sales and leads his downlines make, hence residual income.
Why should you consider starting a home based business promoting affiliate programs? Here0s why:
1) A home based business with affiliate marketing offers enormous potential of residual income.
We can all appreciate some extra money to use, whether to subsidize paying the bills, make expensive purchases, support hobbies, vacation, provide for the family, provide for retirement, or just for altruistic purposes. Affiliate marketing can help […]
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If you happen to have an interest in expatriation and are targeting Mexico as a possibility, here is some of the banter you most certainly will read on the forums: “To Learn Spanish or Not To Learn Spanish, That is the Question!”
I fall, of course, on the “You’ve got to learn Spanish” side of the fence. My main arguments in my columns have been that you can never, ever learn the culture of Mexico without the access to the Cultural Portal–the language! But, my arguments generally, not always, fall on deaf ears.
The solution so many American expats seem to love is moving into a well-honed Gringo infrastructure called, “Gringolandia”. In these little enclaves they’ve banned together to form their own little version of America in their own little American colony and practice their own little version of American colonialism. Part of this includes a self-governing practice not even remotely resembling a democracy. If you want to be a part of it, then it is their way or it is the highway. They will even enforce their Lord of the Flies government with threats and carry some of them out–or at least try to.
Is this true of all of them without […]
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