Got A Good Idea But I Can’t Get No Money – Poetry Saturday

by Brian Satterlee

Hey Buddy, can you spare a dime
I got this idea and I think it’s time
To get out there and sell while it’s still sunny
It’ll take a little dough to get it off the ground
I’ve been looking for a loan, there’s none to be found
Ya I’ve got a good idea but I can’t get no money

Can’t get no dough can’t get no cash
I’d borrow from myself if I had a stash
I’d get down on my knees, this drought’s no longer funny
There’s not an investor in this town
If there are they can’t be found
Yes I’ve got a good idea, but I can’t get no money

Been a century since The Great Depression
But I’ve got to give you a humble concession
It’s hard to start a business without, when I used to have plenty
Just again today I was turned away
It’s the banker’s job, don’t know what to say
But I have a good idea and I can’t get no money

The Health Care Law’s Effect On Small Business

“Beginning on Jan. 1, 2014, all U.S. citizens and legal residents will have to obtain coverage if they do not have coverage provided by their employer.” ( 2010)  That is what this law does, it makes sure that everyone is covered by insurance.  And it helps people get insurance.  It gives incentives to small businesses to cover their employees, and the smaller you are and the smaller your pay scale, the more incentives it gives.  As your business grows bigger, providing insurance becomes “mandatory” or your company will pay a penalty for not providing insurance.  The penalty is not huge and will likely result in companies paying the penalty rather than providing insurance.

The health care law makes denying coverage based on preexisting conditions illegal, and rate adjustments are only allowed based on age, geographic location, and tobacco use.  Lifetime maximums are also history and children will be allowed coverage up to age 26 under a parent’s family policy.  These changes may make insurance policies more expensive but will allow coverage to more people, ultimately helping to bring down medical costs.  So the long-term effect of this law on policy costs is really unknown.

As any law tends to be, the details are mind boggling.  What concerns me is not the actual effect on small business but the new rules and complexity that may be overwhelming to a small business owner.  Hopefully there will be help from the SBA to understand the new law and how it affects us individually.

Please review the following resources for more information:

Some Other Things That I Like – Poetry Saturday

by Brian E. Satterlee

Taking walks in the park with your hand in mine
The long evening talks when we’re feeling fine
Getting to the top on a challenging hike
These are just some of the things I like

I know it might seem work is always on my mind
And my blogging in the evening when I’m way behind
They are a means to an end not a reason to fight
It’s only one small part of what I like

I liked golfing with you the other day
Calling you up and saying hey
Driving out to my mom’s and dad’s house
Thanksgiving turkey and Mickey Mouse
A day without sun just doesn’t seem right
These are some other things, that I like

Starting up a new business just takes some time
But I don’t see forever as a 5 to 9
Sometimes I can take a break and break out the bike
Riding with you is one thing I like

I liked holding your hand the other day
When your dad said grace and we all would pray
I know there’ll come a day when we’ll be alone
It’ll be quiet when the kids are all grown
I know we’ll need each other and it wouldn’t be right
If my business, was the only thing that I like

Fast Enough – Poetry Saturday

Fast Enough by Brian Satterlee

Time’s not moving by that clock on the wall
Telephone’s ringing, gotta pick up this call
At the end of the day, don’t feel nothing at all
It’s not happening fast enough

Work day’s over, yet another day
My check’s on Friday, more money made
For my creditors to take, not a dime is saved
It’s not happening fast enough

I started a business this year, it’s starting to make money
Give me a couple more, it won’t even be funny
Maybe I’ll even move to someplace sunny
It’s just not happening fast enough

Another day starting and I’m at the coffee pot
Another cold morning, at least the coffee’s hot
I just want to go, to someplace that I’m not
If it just would happen faster, it’s not fast enough

I started a business this year, it’s starting to make money
Give me a couple more, it won’t even be funny
Maybe I’ll even move to someplace sunny
It’s just not happening fast enough

I’m Going To Give It A Go – Poetry Saturday

Here is my poem for the week… It is probably more like song lyrics… Let me know what you think by replying. Thank you.

I’m Going To Give It A Goby Brian Satterlee

My cousin has a junk yard sells auto parts
My daddy’s a locksmith can open up your car
I have always had a desire for a business just for me
I’ve been reading, I’ve got the fire, They say it is the key

I’m going to give it a go
I may fall on my face, who knows
But at least I may be able to say someday
That I tried and these were my glory days
I’m going to give it a go

Many of my friends they work in factories
I really gotta say I hope that isn’t me
There isn’t much else to do in this sleepy place
With a computer I can sell to the world  at my own pace

I’m going to give it a go
I may fall on my face, who knows
But at least I may be able to say someday
That I tried and these were my glory days
I’m going to give it a go

I see all those guys there
They all became millionaires
Leverage got them to the peak
It just takes a little business speak

An Easter Poem – Poetry Saturday

Ok, maybe not my best work… but just trying to get into the Easter spirit.  Enjoy!

An Easter Poemby Brian Satterlee

Here comes Peter Cotton Hare
Trying to unload his Easter ware
Just a few more sales ’cause Easter’s nearly here

Peter is a business rabbit
Marketing his brand is his only habit
Three more weeks to go, better get it in gear

There goes Peter Cotton Hare
The way he sells it just isn’t fair
Hopping along his product case in toe

He takes “no” with a grain of salt
A couple more till the “yes” that’s all
There’s not a parent here he doesn’t know

Santa gives but Peter wants profit
Customers get value, he doesn’t rob em
His email is filled with fan mail all spring long

Peter’s eggs are quality filled
His baskets are hand made in Brazil
Peter’s now sold out and singing a happy song


Entrepreneur – Poetry Saturday

I have moved my poetry day to Saturday so I can publish Dilbert on Sunday.  Here is my poem for the week:

Entrepreneur by Brian Satterlee

I started a business at home in my garage
Went from peace and quiet to a noisy barrage
I took it public last year and sold it to Microsoft
So I want to start again, this time in my loft

I got the product developed and the market’s divine
I got investors awaiting and holding on the line
My buddy’s in with me from his head to his feet
Soon once again I’ll be sittin in the CEO seat

My website is kicking and my customers love us
My competitors are in shock and I say that that’s tough
Visitors are knocking, they want the grand tour
My friends are all saying I’m an entrepreneur

So if you want a great product and be treated like royalty
Call my 800 number and you’ll see what I mean
I really like spoiling, my customers are friends
We’ll be doing an IPO soon so I can start again again

Multi-Level Marketing: Are The Risks Too Big?

I posted a similar question on my bulletin board and didn’t get a lot of answers but I got a lot of interest in the page.  I think people are wondering if multi-level marketing can make them big money and what the downside is.  And unfortunately, there are risks: legal, economic, and company-based risks that you should know about.  There are also upside risks like the ability to make a substancial amount of money from your own effort as your organization grows.  The upside risk is greater in newer companies, but the downside risk is also greater.

Legal risks to multi-level marketing include the possibility that your company’s marketing plan will be deemed illegal.  The main thing that you, as a distributor, want to make sure is that the company is paying on product sales rather than just signing up new distributors.  Other legal risks to a marketing plan pertain more to the MLM company than to the distributor.  The company’s method of marketing could also be deemed illegal and force changes to the selling and marketing methods the company encourages it’s distributors to use.  This usually would not shut a company down but force a change.  The last legal problem, at least that I can think of, is if the government decides that the star product the company sells is harmful and bans it’s ingredients from sale.

Economic risks usually involve a downturn the the general economy or the peak of a product’s life cycle.  A product will usually grow in sales until it’s market is saturated, then begin a decline in sales for the remainder of it’s life.  If a product has peaked and more distributors are signing up, that means that there are fewer sales per distributor.  When there are fewer sales, more distributors drop out until there is equilibrium between distributors and sales.  And although it will be tougher to sign new distributors up, good groups will push out less performing groups and there will be less risk to existing business.  If you’re on the upside slope, you can expect a correction at some time in the future.

Company risks involve the company going out of business or changing their marketing plan to push out distributors.  It could also involve making it very expensive for distributors to do business or taking business from distributors.  Company risks are extremely incidious for distributors because as an MLM distributor, you really have to put all your eggs in one basket.  You can’t be part of 5 different MLM programs and succeed at any of them.

Now still, there is a great upside risk of making a lot of money in commissions from MLM sales that cannot be overlooked.  You can start with less and make much more depending on your skills and how well you do.  So what do you think?  Is multi-level marketing worth the downside risks?

The Small Business Man – Poetry Sunday

It’s Sunday.  And that’s my fun day.  It’s not yet manic monday.  (Alexander Nevermind *i.e. Prince* and the Bangles)  Anyway, I thought I’d try something new and write business poetry on Sunday… weekends are a little lax around here and maybe, just maybe, I can spice up the weekend.  So Here it goes:

The Small Business Man
by Brian Satterlee

Oh Lord, how about a revival
We need jobs in this country
The small business man to step up
So we can live our lives free

Free to work and raise families
Free to have our own homes
But with nothing moving in the economy
We’re out here on our own

The bigger guys have cut their payrolls
Government is looking for a freeze
Without the small business man
We will never get off our knees

Our Story – Lessons Learned

If you have read through our story, probably the hardest knock came at the end when the MLM company went retail and threw away their distributors.  There were plenty of other lessons in there… things we could have done better.  Here is my list of lessons learned:

  1. Know and understand your distributor agreement
    Your distributor agreement spells out what your responsibility is to the MLM company and what their responsibility is to you.  If it is out of balance, perhaps going to another company is in order.  However, you may already have invested considerable time and money into your current company, so you may be stuck with what you have.

  2. Know and accept the risks to your business
    It is ok to accept some amount of risk but you should definitely be aware what the risks are and protect yourself the best you can.  In MLM you must have all your eggs in one basket so you are fully dependent on your company.  Knowing the risks this presents is exceptionally important.

  3. Protect your personal assets
    If things do go bad you don’t want to lose everything you’ve worked a lifetime for.  Structure your business so that the business takes on the risk but protects you personally.  Incorporating and keeping the business separate is one way to do this.

  4. Negotiate your contract if possible
    Rather than accept the distributor agreement, contact the company directly and tell them you’d like to sign up, but you have serious concerns about the distributor agreement.  This starts the negotiation ball rolling.  Some companies won’t negotiate, find one that will.  You will have to lay out what you have to offer them in order to get your own contract.

  5. Have your own organization if possible
    I have seen certain distributor groups that were able to negotiate having a completely separate distributor group that they manage complete, including commissions, which allowed them to plug in one or more MLM companies and change when needed.  This adds a lot of work to your business but may protect your group from a bad MLM company.

  6. Trust but verify
    Hopefully you can trust your MLM company to give you good information, but if you have suspicions, independently verify it.  The earlier you get certain information, the earlier you can act on it.

  7. Don’t let your ego run away with you
    Make good decisions and put your ego aside.  I grew a pretty big ego during our business run and I made decisions that could have gone bad.

  8. Work well with your partners
    It is important to understand the point of view of your stakeholders and take them into consideration when you make decisions.  I often did things that needed to be done, but I should have gotten approval from my wife Chris before I did.  Things get pretty tense when you do things without getting important parties involved.

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