Retiring Wealthy with a Profitable Home Business: A Journey to Success

Starting a profitable home business and retiring wealthy is the dream of most people, but can you make it with deliberate intent? Probably not, unless you're involved with something you are really passionate about, or you're willing to spend a fortune. A home business requires one to possess knowledge about taxes and the IRS, have great technical know how, and the ability to manage staff effectively. If you plan to become self employed and can't complete these simple tasks, an accidental success may be your only hope.

Recently I was very fortunate to meet Marty Mitchell, a self made successful businessman and Founder of Air-Tites. Marty had always had some interest in coin collecting, he remembered his Father and Grandfather had a few coins when he was a child. In 2001 after purchasing some coin folders for his own collection, he took some to work and showed a few buddies. He had bought more than he needed since the discount made sense, so he planned to just put some aside for later use as his collection grew. What followed is a lesson for us all in incredible common sense and perseverance where home based business is concerned.

Marty's co-workers and friends began to ask where they could get some coin folders, and perhaps one for their relatives. Those relatives sent word that they wouldn't mind having a coin folder for a friend's birthday...and so it went on. Marty knew he could buy in bulk and make his money back in an instant so he was glad to help out. But the orders kept coming. In no time at all Marty was buying and selling coin folders and other numismatic gifts with no effort at all. People began looking for him. He quit his day job and focused on what needed to be done to get this venture looking more like a real business. The more coin folders he ordered, the more orders he got. He began to stockpile inventory which was strewn about his home. It finally got too much and a solution was needed to recoup living space. He decided to build a storage shed and set about scouring local newspapers and surfing the web looking for the best quote possible. The money was rolling in, but was the expense justifiable at many thousands of dollars?