Released on: April 28, 2008, 12:26 am

Press Release Author: Success Insiders

Industry: Financial

Press Release Summary: Richard Parker and Lance Hood of the Success Insiders
Millionaire's club recently had a discussion about undervalued businesses.

Press Release Body: An undervalued business is one which is earning a profit, but
could use some improvement. Maybe the owner is no longer motivated to keep the
business thriving. He's no longer doing anything new; customers are beginning to
lose interest.

This is an example of an undervalued business as Richard explained. Richard shows
people how to buy these businesses and how to recognize the areas of weakness and
make improvements to build their value. Whether it be in marketing strategies, new
products and services, or improved lines of inventory; it depends on the type of
business one is buying and the potential one sees in it. For example, one just
purchased a small restaurant. Business is slowing down-Why? Maybe the menu hasn't
changed in over 5 years; regular customers are now going somewhere else for a
change. Clothing stores add new lines of product many times during the year; toy
stores are always promoting what is new and hot. Every business needs to be
competitive at all times.

Richard continues by explaining how to find and buy the business. He has a method of
cutting the average business buying time by 70%. He discussed being prepared to
devote consistent time to this initiative, prepare a financial statement to get a
picture of where one stands with financing and working capital, and be focused on
the type of business one can afford. Sometime it makes sense to only buy a portion
of the company's interest in the business.

Parker says the most important thing is to take charge of the process; one should
present their self as a knowledgeable buyer, conveying confidence and commitment.
Those who are new at this and have not been educated or are jumping into the process
with nothing more than a dream are not going to be successful. Knowledge guarantees
success; take that, coupled with a proven action plan the right advice along the way
to have a sure fire recipe to achieve success.

Richard Parker has an excellent program for teaching people how to go into business
for themselves. Visit http://www.successinsiders.com/ where Mr. Parker is a featured
expert in the millionaire's club. Ask him questions and get expert answers.

SuccessInsiders.com is committed to helping people succeed, both personally and
professionally, by providing them with interactive access to an ever growing team of
Millionaires and Experts in wealth creation and personal development. By following
the guidance and strategies, through interviews, expert Q&A, telecoaching and other
resources offered by people who have already succeeded, a person's chance for
success is greatly increased.

CONTACT INFORMATION:
Heather Thomas
(641) 715-3900 ext. 7576941
support@successinsiders.com

This Press Release has been submitted by PREasy.com


Web Site: http://www.successinsiders.com/

Contact Details: Success Insiders
Address: P.O. Box 13402
City: Des Moines
State: IA
Country: USA
Zip : 50310
Phone: (641) 715-3900 ext. 7576941