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The Man Who Turned a Part-Time Job into a Billion Dollar Business

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Today we have an amazing story about a guy who started out just looking for some extra income with a part-time job but ended up turning it into a billion dollar business.

Click the player to listen to this episode of The BIGG Success Show Podcast. Below is a summary of our discussion.

Jim McCann started out as a social worker, which didn’t pay so well. So, in the early 1970s, he got a part-time job in a floral shop to earn a little extra money. In 1976, he took the plunge and started his own flower business.

Let’s go to The Professor’s Whiteboard as we break down 5 lessons learned from the part-timer who built a billion dollar business.

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Reading and wRiting and aRithmetic

Back-to-School on chalkboardIt’s Back-to-School season so we’re doing a ten-part series on lifelong learning. We’ve kicked it off with two shows on reading and writing. Now we want to talk about arithmetic.

We’re going to take a little different tack today than we have with the last two shows. We’re going to talk about two specific things we need to know when it comes to arithmetic.

These two things both involve our personal finances. That’s why they’re so important.
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6 Paths to Financial Freedom

freedomToday is the fourth installment in our freedom series. We’ll focus on financial freedom.

Financial freedom … can you imagine it? To use the lingo from our last couple of posts, it means freedom from money worries or, even better, freedom to choose how we spend and live.

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Don’t Show Me the Money

wallet The List Universe recently published their list of ten lost rules of etiquette. The one that really got our attention was their #1 reason – talking about money and possessions.

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When it comes to money, the author says that a gentleman would never:

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Success in Your Own Business Requires a Good Pit Crew

By Bigg Success Staff
05-22-08

Bigg Success in Business

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Every driver in the Indy 500 realizes the importance of a great pit crew. A pit crew can mean the difference between victory and defeat. As the owner of your own business, you also need a good pit crew. You’re the driver, but your crew gives you the edge you need.

Your professional advisors are:

Your accountant
Your accountant will help you determine the best entity for your business, along with your attorney, for tax purposes. They will also help you set up your books so you know how you’re performing. They can help you determine your best tax strategies. They can refer you to other advisors and capital providers.

Your attorney
Your attorney will recommend the best entity in which to hold your business to minimize your liability and accomplish your goals. They will also help you understand the formalities that need to be maintained to protect your personal liabilities. They will advise you on your business dealings and help you when the unexpected situation arises. They can also refer you to other advisors and capital providers.

Your insurance broker

Your insurance broker will help you maintain adequate coverage for your assets and will also help you manage your risk. They will recommend the types of coverage you need as well as the level of coverage you should maintain. They will help you understand where your unexpected losses might occur and help you develop programs to reduce the risk of loss.

Your financial planner

Your financial planner will help you plan for your retirement. They will help you determine which plan is right for you, your company, and your employees. They will help you set up and maintain this plan. They can also help you determine the best allocation for the assets in your portfolio so you achieve the greatest return given the risk you’re willing to accept.

Your coaches

Your coaches will prod you on when you’re up and lend support when you’re down. They will give you someone to be accountable to so you accomplish what you set out to do. They will give you an outsider’s perspective – an objective look – at this business to which you’re so close. They will help you get to the next level of success.

Hear today’s lesson and laugh on The Bigg Success Show.