Winston Churchill once said, 'The future is one damn thing after another.' And so it is when it comes to the business environment.. The current environment has never been more volatile. Currencies, customers, and competitors all seem to change directions on a daily basis. Coupled with concerns over rising government deficits, rapidly expanding trade imbalances with China, new competitors and changing technology, forecasting the future has never been more challenging .
We are currently facing a crisis unlike anything we've experienced before. It doesn't matter whether you look at the financial markets, the housing market, or emplyment, the story is the same. WE'RE IN A RECESSION!
SMART Businesses are looking at our current situation and making changes ! Years ago….. phonograph record and tape companies, looked at the advancing technologies and started changing their manufacturing processes. Some of those companies, refused to think that the “Expensive” CD disk would ever replace the record……those companies did not survive. (CD's eventually became affordable).
Cheryl and I…..(my other half) are what I call “MovieHolics”. We love watching movies. Over the years, we have always been a member of the BXXXXbuster store. Over the last year….. a company called “RedXXX” came up with a new concept: An unmanned CD Video rental Machine ! They sent out millions of emails for FREE rentals of movies……they got our attention ! With the RED company, you are able to rent a NEW RELEASE movie for only $1 (instead of the 2 – 5 dollars). To say the least…..we no longer rent from BXXXXBuster. We still had to drive to a location….to pick up movies…..but much cheaper than we were paying.
RedXXX was able to see…..that by removing the BIG STORE presence…..removing the store employees…. They could lower the rental charge for movies !
Can all businesses do this ? NO…. Some businesses will always need a “Store Front” presence. Maybe like: Cleaners, restaurants, Salons….
Business MUST, in these times….. find ways to become “SLIMMER” and still provide what their clients want.
As a “MOVIE HOLIC”, we want to watch movies. Now, another company has the vision to take it one step further. NETXXX, for a flat $8.99 a month…. Will let you immediately “stream” unlimited movies directly to your computer. Most newer TVs have a VGA computer input… or you can watch directly on your computer. This does have some limitations….. not ALL new releases are streaming yet. However, I see this as a trend for these type of companies. I think in the future--- we will see the “Retail Storefront” video stores start to disappear. Video rentals will go all ONLINE.
This past week, I was talking to one of my business associates. He works a full time job, but also does part time consulting. He says this is another income stream----he is correct…BUT--- it’s really another JOB---trading time for money. If he does not show up or provide the work-----he does not get paid. A better income stream…would be a business that he builds, that produces a residual income. An income that he can continue to work and increase. An income that will continue to produce…..when we all go to Hawaii for 2 or 3 weeks !
Have you looked at building additional streams of income ? Yes, Real Estate Investing is a way that myself and other of our members are building wealth. Our MAIN Team Leader (Don Storms) used his other streams of incomes---- to fund his Real Estate Investments ! Don has been SUPER SUCCESSFUL with this strategy and I feel very fortunate to be associated and working with him on building my income stream.
What are you waiting for ? http://www.quitworkcharlotte.com/
Last month, we sent out an audio interview of Robert Kiyoski. This was a great interview ! If you have already listened to it……..listen again ! If you did not get the video----- you must not be a member---- register here and I will contact you about getting the video. http://www.quitworkcharlotte.com/ -Buddy Blackman, Charlotte Region Income for Life
