Ideal Business according to Paine Webber
This list is found
in the Paine Webber Planner
and is used by their
The Ideal Business sells the world
rather than a single neighborhood or even a single city or single state.
In other words, it has an unlimited global market.
The Ideal Business offers a product,
which enjoys an inelastic demand. Inelastic refers to a product that
people need or desire almost at any price.
The Ideal Business markets a product
that cannot be easily copied. This means that the product is an original
or, at least, it is something that can be copyrighted or patented.
The Ideal Business has minimal
labor requirements. The fewer personnel, the better.
The Ideal Business operates on
a low overheard. It does not need an expensive location. It does not need
large amounts of electricity, or advertising, or legal advice, or high-priced
employees, or a large Inventory.
The Ideal Business does not require
big cash outlays or major investments in equipment or product. In other
words, it does not tie up your capital.
The Ideal Business enjoys cash
billing. In other words, it does not tie up your capital with lengthy or
complex credit terms.
The Ideal Business is relatively
free of all kinds of government regulations or strictures.
The Ideal Business is portable
or easily moveable. This means you can take your business and yourself
anywhere you want to.
The Ideal Business satisfies your
intellectual needs. There is nothing like being fascinated
with what you do.
Ideal Business leaves you with free time. In other words, it doesn't
require your labor and attention 12, 16, or 18 hours a day.The Ideal Business
is one in which your income is not limited by your personal output.
In the Ideal Business, you can sell to 10,000 customers as easily as you
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