My Baby Is 12 Month And Looks 6 Months Old Business Owner Looking To Change Business? Enter The Information Age

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Business Owner Looking To Change Business? Enter The Information Age

Changing industries it’s a lot like a career change for a business owner. Although an entrepreneur can continue as an entrepreneur, it is often difficult to change industries or businesses. With the introduction of the information age many new entrepreneurs found an outlet using the power of the internet.

But what about business owners who started and built a traditional business sometimes over a decade or even several decades. Changing businesses can be a challenging and even daunting task for any entrepreneur. Some businesses will become extinct, they are the ones that are the easiest to accept change as the only alternative.

But what about when a business is still bringing in strong income and looking healthy? Many entrepreneurs find themselves hiding or even stuck with a strong income stream that almost turns out a six figure profit. Success or perceived success can create an attraction in the local community and many business owners find it unthinkable to let go of the reputation they have developed through years of hard work and strategic planning. over.

The information age has introduced business models and extremely high that provide a completely new product. With much lower fixed costs and largely automated variable costs, information age business models with revenues of even two or three hundred thousand can outsource their other parts with revenues. of two to three million.

Business owners looking to change businesses in 2008 and beyond are likely to do so to take advantage of better cash flow and much higher profitability. The traditional brick-and-mortar business world has long believed that sacrificing profit is appropriate for better cash flow and the information age business sector seems to be out to get both back. If money is the king then the profit is the queen and the information age is the kingdom that people are looking for the most for the business owner who wants to change careers in the business field today.

Using real estate as an example we can see how the power of the Internet, the age of information and the interest that the home business has in the last few years is completely changing the face of business and investment. Say you bought five houses for 100 thousand dollars each and you rented them out and each had a cash flow of about 600 dollars per month. You would earn thirty six thousand dollars a year right? (For clarification purposes) So to recap, you have invested half a million dollars and are earning about three thousand dollars a month in passive income right? Well, if you’ve ever rented a property, you know it’s not passive and it never was, but still you get the picture.

Now say you have information worth three or four hundred dollars. This information must save someone a lot of time or more than four hundred dollars. Think of information you currently have that would add value. Now say you sold that four hundred dollar information for fifty bucks. You create an e-book or have one created, then get a ten dollar domain and free hosting and start telling people about your information. If you sell two of these books per day, anywhere in the world you have completed your property for less than two hundred dollars per month.

This is just to prove a point and it is hypothetical that money can be made in real estate passively, but the information age offers a more wealth oriented approach and smart business owners sees this and it gives them that entrepreneurial hunger to change.

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