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FIB - Scams 101 - Ye Olde Archives
Posted By: Mike Jolley <mjolley@onlinehonesty.com> In Response To: Well, had you spoken to an accountant... (P. Drammel)
Wednesday, 6 July 2005, at 5:56 p.m.
> before signing up, he'd have told you not to buy into such a high ticket
> mentoring/consulting program at your stage in business. $8,000.00 is too
> much money for a new business to spend on mentoring/consulting. If you
> look at your numbers, you will see that $8,000.00 is way out of your
> league. Unless you are making a good 20K net profit already and NOT
> already implementing the best IM techniques, $8,000.00 is really not a
> reasonable expense for you or anyone at an early stage of business.
Thanks for the comments. I think I understand where this is coming from. A company hires a consultant when they've already been in business a while but are struggling with something. I, still being in the research phase, should just do my research.
I think this program is aimed right at people like me, however, and not at companies who are already making money. I'm pretty sure that establishing a growing income stream will help greatly in case I need outside capital. I agree it's kind of a gamble.
> And lastly. I looked into that program before and found that the private
> mentoring is basiclaly for those that don't want to read the course or
> have a hard time putting what they read into action without "being
> held by the hand" and coached, so to speak. Don't expect much more
> than what you'd get in the $300.00 course.
I kind of expect as much, but my problem is that even if I buy the course, it will simply add to the dozens of ideas I already have. If someone can come and look at everything I'm doing and say, "drop that, it won't work" and "hey, that's a good idea, here's how to make it work" it'll help a lot.
In a sense, it would have been better to do this months ago when I had no idea how to get started. Now that I've already learned so much on my own it seems like the money isn't as well spent. Still, I do have an awful lot to learn.
Thanks to everyone else for your ideas. I'll let you know if I make any big discoveries.
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