Part Time Business

Hello, I am Pranav Patel, a software engineer and Below is my view to get success in life or getting rich. I am building my business in spare time and weekends. I have got some time to study and create below information to share with you all.

Let's start it with a small example. I am telling you that I will give you $1,00,000 if you are ready to jump from an airplane without life saver. Will you do it for this much money????? Guess your answer.... Damn,... Will you do it at the cost of your life??? Think Again... Your answer will be a big NOOOOO!!!! Now i am saying that the airplane on the earth and not flying in the sky......!!!!!!!!!! You have lost $1,00,000 in a minute... right?

So, by this example we come to know that we have assumed that if we are talking about the airplane and Life Saver then the airplane should be flying high in the sky. The assumption which our mind makes frequently might not be enough sometimes.

Being a middle class family, we make so many compromises with our life. Just ask a question to yourself that Do we have enough money for whatever we want? Example.

1)I wish to go for vacation once in a year, each time a different country.

2)I want the best education possible in the country for my child.

3) I want very luxurious car and a bungalow.

Do we have enough money to complete my requirements??? If the answer is NO, then please go through the whole article and if the answer is YES then it is your wish to continue or not.

We Need 3 things only to live a very good life.

1) Money
2) Time
3) Choices

The power of MONEY is great. Let us take another example, we go out with our wife for shopping. There are 2 types of things, One which we buy and the other is which we liked but did not buy. We tend to budget our requirement and then settle in that budget while shopping. Thus, the saari which we liked most still waiting in the shop whereas we buy the one which falls in our budget. One more example, We frequently go to restaurant for any reason whatsoever, which is very
common now a days. In he MENU, We first tend to look at the right side of the menu which, in most case will be the price for the item in the left... :)

Above two examples shows that we need more money than what we actually have right now.

We have talked about the first part as why we need money. Now let’s talk about the TIME. TIME IS MONEY... So we need TIME as well. :) Let's think about the TIME. Do we have enough time to spend with our family??? Do we have enough time to spend for our health? The answer is NO... So, we don't have enough time as well.

Now, Let's talk about CHOICES. If we go out to buy something, we always look out for some choices from which we can select the one which suits our requirements. Let’s take another example, When we decide to get married, we have a list of girls/boys from which we are supposed to select one whoever suits us... right? So, choices plays an important part in our life.

We Don't Need 2 things in our life.

1) Hassles
2) Worries

If our income is guaranteed then we don't have any of both.

Now let's go to 80-20 rule. 80% of the people in the world possesses only 20% of money in the world where as 20% of people possesses 80% of total money in the world. Have you think of this before...?!!! No..? Do we have any justification
for this?

Now Let's do some calculation of the Income. The Income of anybody is decided by a simple equation given below.

Income = Time * Ability (Rate)

There are two ways by which we earn money.

1. Job
2. Business

Now, Let's consider JOB first. we all want to increase our income, as a consequence of this, we tend to improve on our abilities which in turn
increases the rate. For Example any graduate will opt for post graduation and then Ph.D.. But, How long can you continue this???? There has to be some limit, right? One more fact is that the prices of everything doubles every 10 years. Does the income doubles every 10 years???? And, Thus people go backward. Ability (Rate) depends on Education and Experience. Thus, Rate is limited and varies from person to person. Now, let's talk about increasing time to increase income. But, that too is limited 24 HOURS and if you are married then 48 hours... :) so, Income is also limited.

We are actually Trading Time For Money. We give time to our employer and they pay us. We give time to our business and it rewards us. So, The main problem with all the people is NOT MONEY!!!!! The problem is TIME. People can't understand that even if they work hard, why do they not have enough money? Because, They do not have time...!!!

Let's look at Business Now. There are mainly types of business in the world. One is small and the other is big.

Consider a small business as small shop, Doctor Practice. This is no different than the Job. The only thing different here from Job is that you are your own BOSS. If you are doctor and if you don't go to hospital for 3 months, then income
will be zero... If you are married then, Can you send your wife to hospital for your work? NOOO... SO, You are trading time for money.

The other type of business is Big Business where more than 500 people work. But, for doing that type of large business, we require lot of money, Expertise, Risk and field of the business. So, Can each one of us are ready to take so
much of RISK??? No... All the owners of a large business do TIME DUPLICATION. For Example, If you have 500 people working for 10 hours a day, then you have 5000 hours a day. This is called TIME INVESTMENT. The other way of doing this is Invest a Capital somewhere. But, I don't have enough money to invest somewhere....... So the best thing we all can go for is to invest time... Right?

Today I will show you how we can earn money with Time Investment. TIME IS MONEY so, money will automatically flow to you once you have invested time. The Franchisee concept is Time Duplication concept. We can see so many franchisees in the market now a days like Bata, Mac Donald, Raymond, Pizza Hut etc. In this concept the owner invests TIME, Not MONEY. If I want to buy a franchisee of Mac Donald then i have to invest money (which i don't have much). The owner of Mac Donald will teach me his business and will grant a franchisee on a specific partnership. Let's take assume that the partnership is 96%-4%. That means from the profit of 100 Bucks, I will earn 96 bucks and the Owner of Mac D will earn 4 bucks. Now, In this business we have to invest money, where as the owner is investing time only.

Once this business gets started, If by any means we get down fall in business then who loses more??? Obviously Me... and if I have excellent earning then i will earn more profit... Which means that i gonna work very hard to earn. Nobody needs to remind me every morning that i have to open the shop... It is my business and I will surely open the shop without fail. But, If we do job then...??? If the boss is absent, we will be late or lazy... Right?? Let’s take an example here. There is a shop with the shutter half open and there is a guy inside doing something. If we knock the shutter and the guy inside is the one who has JOB there then he will say "WE ARE CLOSED". At the same time if the guy inside is the OWNER of the shop then he will open the shutter. This is the difference between JOB and BUSINESS. Now, The owner of Mac Donald invested TIME and once it is invested, it needs not to be invested again and again. This means that each time i will earn 100 bucks he will get 4 bucks. Each day, each month, each
year and so on... till i wind up my business, which i will never do if i am earning a good income... This is called ongoing income for Mac Donald owner. If we talk about JOB then we get LINEAR INCOME or ACTIVE INCOME. We work one time and get salary once... We have to work a month more to get salary once more... If we want our life to be free of worry then our income should be RESIDUAL OR PASSIVE not linear. The Mac Donald has more than 30,000 outlets in the world. If Ray Kroc earns only 10 bucks form each restaurant then it all adds up to 3,00,000 bucks a day. Is It A Good Income????? And If one shops opens for 10 hours a day then it adds up to 3,00,000 hours a day... that’s why TIME IS MONEY.

If you want to do this type of business then you require two things.

1. Product OR Services
2. Support System

We should have RIGHT PRODUCTS AT RIGHT PLACE, which people require on daily basis. If we start selling ice on Antarctica...:) No one will buy it... So, the place and product both plays an important role in any business. We should also keep in mind that the products which we are providing should be used by customer on daily basis. This will ensure that the customer will come back again for the product once he completes it.

RIGHT SUPPORT SYSTEM.

Mac Donald in china has everything same as one in India. System is so perfect that if a new restaurant needs to be opened then only 24 hours are required. Everything is planned and documented. If we want to open a shop then it takes months to start. In this business system is more important than product.

We are having similar business with us. For Product and services we use a system called direct distribution system. and We do have a support system called Britt World Wide with us. This whole explanation remains same all over the world for this business. The concept is same.

Distribution Flow

As shown in the image above, We can see that the pen manufactured in 40 Rs. comes to the customer at 100 Rs.!!!!! Customer pays 150 per cent more than the manufacture cost... Yes 150 per cent... calculate it... Does the quality of pen
changes from manufacturer to customer??? NO...!!! Then why there is an increase of 60 Rs.??? The reason is that each one who is present in the distribution channel draws commission for his\her efforts and investments.

Distribution Flow in Direct Distribution Business

As shown in the above image, we remove the middle man from the distribution flow and sell products directly to the customer which reduces the amount of the product.

I currently busy in creating my pipeline. In future which is going to give me more than what my current job is paying me. If you are really interested to build your own business using direct distribution then just give me a call on 09624044747... Happy to help you.