How To Earn A Safe Income From Horse Racing
Tim Thexton:
Many people seek an alternative (or second income) from Home Based Business. Only after they are in do they really get to the disappointment – the set up costs and low returns from MLM, pyramids and the like.
Horse Racing has nearly always been associated with gambling and there a mass of cure-all ‘magic pills’ offered worldwide from within the Gambling Industry claiming overnight success and profit for one’s money, if only they spend another $1000 on a computer program or subscribe to a ‘better’ $100 per month race tipping service etc.
The TEST OF TIME is the only true test of any business. And when it comes to profitability, it is the only one.
Whether it is a cafe, hairdressing salon, a garage, used car lot, all business has its ups and downs. The critical aspect of all business is Cash Flow management. Fundamentally and simply put, a positive FLOW of CASH into the business is critical for its survival. It is how a business owner handles the low Cash Flow months that ultimately determines the long term success of the business.
Most ‘gambling’ business adverts show outrageous returns on investment and claim to turn millionaires out of people struggling to pay the mortgage within 6 months or less!
Yes you can make $5000 this weekend at the Casino, but, you can also lose $10000 next week chasing loses at the Dice table or Roulette wheel too.
If it sounds too good to be true, it probably is!
Do many offers sound too good to be true?
But, there is an alternative to the marketing hype.
Just run any potential Home Business Opportunity through the following key tests and see how they perform:
1) How long has the concept/product been on the market?
2) What is the TOTAL COST of ownership?
3) How many hours per week do you personally have to invest in running this new business?
4) Can it be run legally anywhere in the world?
5) Does it provide a TAX FREE income with potential to replace full time employment ?
6) Can past results be independently verified by YOU?
7) Is the business RECESSION proof?
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