Someone gave me a copy of the book. It is about the only book I have read which actually steers the new entrpreneur in the direction of finding a need and becoming wealthy filling it. Needless to say....I am impressed. A little about me. I have a different reason for wanting to be on the Fast Lane than most of the people here. Most of you are young and seeking your first fortune. I am much much older. I have made fortunes in the past, made good decisions, raised a family, and now I find myself having made some very bad decisions over the last few years questioning my own judgment but not actually having the time left to go through "the slow lane".
Abbreviated bio is first career was in aviation. Was airline pilot at 26, chief pilot for cargo company a couple of years later, sold Jet Airplanes on straight commission while getting married and having 3 children in 4 years while serving as chief pilot of the company at the same time.
Became General Partner in $100 milliion in real estate syndications (tax shelters), made lots of money, was put out of business by Tax Reform Act of 1986.
Started telecommunications company with $160k in invested money from a couple of friends... made 2.5 million in less than 24 months...nineties. Changes in FCC regs brought that business to a half... but made plenty of money.
Started a new company ...ended with 12,000 pay phones in 7 states with a couple of partners. Then someone invented the cellphone. The rest is history.
I adapted to the internet and went into the online coffee business in early 2000's. Was moderately successful... sold the company to go into a slightly different business model...that of a continuity. I ended up competing with Gevalia Coffee and their owner Kraft Foods. I had a financial backer. I got the monthly sales to about $50k and my backer lost $2million in a real estate deal. He couldnt afford to pay the CPA (cost per acquisition) for our new customers. I had spent nearly $50k on a back end marketing, fulfillment, and customer service program, leased 5600 squ. ft of space., spent $40k on a state of the art coffee roaster and suddenly my marketing budget evaporated and I had no money to pay the rent. I had basically spent most of my own fortune educating three kids in wonderful private schools and universities such as Vanderbilt and Tulane. I had veryl little left. I have left out mistakes I made along the way but trust me I made plenty of them. I have lost a lot of my confidence and am working my way back to starting again. I still have my coffee roaster and I am hoping to get installed in a friends 12000 squ ft. building. I am looking at all the "fastlane options" to getting up and running with nice cash flow in a hurry. I would enlist any suggestions as I go along on the forum. OTOH..I have done a lot of things right prior to the last few years and if my decades of experience can be of help to anyone please don't hesitate to ask.
Anyway.... I am here.
Abbreviated bio is first career was in aviation. Was airline pilot at 26, chief pilot for cargo company a couple of years later, sold Jet Airplanes on straight commission while getting married and having 3 children in 4 years while serving as chief pilot of the company at the same time.
Became General Partner in $100 milliion in real estate syndications (tax shelters), made lots of money, was put out of business by Tax Reform Act of 1986.
Started telecommunications company with $160k in invested money from a couple of friends... made 2.5 million in less than 24 months...nineties. Changes in FCC regs brought that business to a half... but made plenty of money.
Started a new company ...ended with 12,000 pay phones in 7 states with a couple of partners. Then someone invented the cellphone. The rest is history.
I adapted to the internet and went into the online coffee business in early 2000's. Was moderately successful... sold the company to go into a slightly different business model...that of a continuity. I ended up competing with Gevalia Coffee and their owner Kraft Foods. I had a financial backer. I got the monthly sales to about $50k and my backer lost $2million in a real estate deal. He couldnt afford to pay the CPA (cost per acquisition) for our new customers. I had spent nearly $50k on a back end marketing, fulfillment, and customer service program, leased 5600 squ. ft of space., spent $40k on a state of the art coffee roaster and suddenly my marketing budget evaporated and I had no money to pay the rent. I had basically spent most of my own fortune educating three kids in wonderful private schools and universities such as Vanderbilt and Tulane. I had veryl little left. I have left out mistakes I made along the way but trust me I made plenty of them. I have lost a lot of my confidence and am working my way back to starting again. I still have my coffee roaster and I am hoping to get installed in a friends 12000 squ ft. building. I am looking at all the "fastlane options" to getting up and running with nice cash flow in a hurry. I would enlist any suggestions as I go along on the forum. OTOH..I have done a lot of things right prior to the last few years and if my decades of experience can be of help to anyone please don't hesitate to ask.
Anyway.... I am here.
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