According to Andrew Reynolds, working at home, based on a recent survey with a Home Based Work at Home business you have a hugely greater chance of starting and building a successful enterprise of your home if you work from home. In fact at a recent presentation Andrew Reynolds showed some stats that a traditional bricks and mortar business statistically had an 85% chance of failure in the first 3 years whereas someone starting to work at home statistically had a likelihood of success of around 85%.
In Andrew Reynolds Work at Home course he teaches his students the benefits of working from home from his kitchen or spare room. Andrew Reynolds sites the examples of his own fathers business which was a traditional hardware and DIY store on the outskirts of a major city. According to Andrew Reynolds the shop was stocked with over 16,000 items of merchandise. “My dad would literally wait in his shop from 9am to 6pm 6 days a week – waiting for customers to wander in” says Andrew Reynolds.
Andrew Reynolds fathers business was burdened with all of the normal costs associated with starting a bricks and mortar business “dad had to pay out a bank loan, heating and lighting, telephone bill, part time staff wages repairs on the building – and also pay the bank interest for all of the stock that he had to carry to fill his shop with goodies for his customers to purchase” says Andrew Reynolds.
Andrew Reynolds contrasts his fathers business with the huge opportunities available now for someone to launch and build a simple Home Based work at home business from their spare room or kitchen table. “Using a lap top or PC an internet connection almost anyone can start a world wide business” says Andrew Reynolds.
“When I started my work at home business” says Andrew Reynolds “I was starting on a shoe string but I was determined to learn the lessons my father taught me”. Andrew Reynolds decided not to take a bank loan when he started but to begin his business working on a shoe string gradually reinvesting profits when he made sales. “in the early days when I was selling CD videos and books I held no stock at all” says Andrew Reynolds “literally when I got an order from a customer I ran off a copy of the CD, popped it in a jiffy bag and took it to the post office” in this way Andrew Reynolds was able to channel his available funds to getting more customers….. customers who sent cheques or credit card payments along with their order. In this way the cash flow in Andrew Reynolds work at home business almost from day 1 was ‘positive’. “my dad business model was to hold thousands of items of stock before a customer had bought. My Work at Home business model is for the customer to buy first at which point I then spend the money on the product fulfilment” said Andrew Reynolds.
That’s the business model that Andrew Reynolds teaches in his monthly Cash-On-Demand work at home study course. For a free trial subscription click here