All of these businesses have been or are in the process of being closed and are cutting out their business presents a crossed many cities and towns; here is just a partial list of businesses; Sears, Kmart, Best Buy, Toys-R-Us, and many others. What do they all have in common? All of these closed businesses had expensive properties that consisted of land, parking lots and brick & mortar structures. Their physical locations, were located in high rent areas. Business models all with massive amounts of overhead. By way of contrast there have been a number of new business models that have all been successes like Amazon, Uber, Airbnb and many others. What do these all have in common? None of them have expensive brick and mortar locations. Amazon has no stores, Uber owns no vehicles, and Airbnb has no hotels, motels or rental properties. Each of these business models are all about connecting buyers and sellers, as well as guaranteeing sellers will get paid, and buyers will be satisfied. We can draw several conclusions from making these observations. First conclusion is that streamlining, and maintaining a low overhead profile, is preferable. Second, is that goods and services must be transacted so both, providers, and consumers are satisfied. Thirdly, is, that, all of these new business's models use, and leverage delivery systems that already exists. These new business models, accomplish all of their business activity, in the most cost-effective manner available. Each of these have been able to carry out their core mission without investing in a lot of new infer-structures. Now, that we have made these observations, along with analyzing why and how these business concepts work. We now can take these concepts and use them as a template, as we go forward with each of our own individual business plans. It all comes down to finding ways to completely satisfy each and everyone involved within any overall business transaction. Accomplishing these principles, of bringing, overall satisfaction to all parties involved in any exchange of goods and services is the fastest way to success. Apply this template, and proceed with the understanding that you have to put in the appropriate effort, and be able to hang with it, along with the understanding that it will take time, and your best consistent commitment to obtain the results you want. In some of next blog posts, I will be sharing several income streams that I have personally set up. I will tell you about each one of these, and how they can be used together, each one, using the others, to promote each one and the others. You can follow this same pattern. You can adapt and duplicate these secrets for yourself, and you can use them for your own success. See you there. Be sure to comment, we really appreciate any and all feedback!
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