How to use OPS (Other peoples Systems)

-By Russell M. Wright

Step 0.

"Begin with the end in mind".

This may be the most important step of all. It is the reason that most people fail not only in business, but in life. 

 In business step 'zero'  is more literal than metaphysical because it has to do with how we structure our taxes, our business, and our corporation.

An example of the importance of 'beginning with the end in mind'  is the accounting software called 'Quick Books'. When you are setting up a new business account in this software program it has a bright yellow screen pop-up with an exclamation mark! It warns you that you may be about to begin your business incorrectly. It will say "If you set up your company as an S-corporation at the beginning, you will not be able to change this later on". This is why it is essential to have carefully chosen your advisors before you even begin. People skills are required in determining if you will work well with your advisor. If you do NOT have good people skills either marry someone who does, or partner up with one. We strongly recommend the book "How to Start an S-Corporation" by Robert Cooke. You can check it out at the local library. I also highly recommend Robert and Kim Kiyosaki's audio CD presentation called 'Choose to be Rich'.  Robert was a millionaire before he was 25 but unfortunately he forgot rule number 0. "Begin with the end in mind".  He had a terrific idea for the velcro wallet and made a million bucks. But his vendors knocked off his idea because he did not protect the intellectual property rights. In order to save 7,000 dollars he lost millions. He didn't know where he was going and what it was all for, so his first deal ended badly. Now he plans carefully. If you do not have a plan, you are controlled by someone else's.

The system of systems. (SOS) Stop wasting money on how-to's.
 

Step 1.

"Start where you are".

This may be the most important step of all. It is the reason that most people fail not only in business, but in life.  In business this advice is more literal than metaphysical because it has to do with how we structure our taxes, our business, and our corporation.

An example of the importance of 'beginning with the end in mind'  is the accounting software called 'Quick Books'. When you are setting up a new business account in this software program it has a bright yellow screen pop-up with an exclamation mark! It warns you that you may be about to begin your business incorrectly. It will say "If you set up your company as an S-corporation at the beginning, you will not be able to change this later on". This is why it is essential to have carefully chosen your advisors before you even begin.

 People skills are required in determining if you will work well with your advisor. If you do NOT have good people skills either marry someone who does, or partner up with one. We strongly recommend the book "How to Start an S-Corporation" by Robert Cooke. You can check it out at the local library. I also highly recommend Robert and Kim Kiyosaki's audio CD presentation called 'Choose to be Rich'.  Robert was a millionaire before he was 25 but unfortunately he forgot rule number 0. "Begin with the end in mind".  He had a terrific idea for the velcro wallet and made a million bucks. But his vendors knocked off his idea because he did not protect the intellectual property rights. In order to save 7,000 dollars he lost millions. He didn't know where he was going and what it was all for, so his first deal ended badly. Now he plans carefully. If you do not have a plan, you are controlled by someone else's.