Start A Business In This Economy

Start A Business In This Economy? Absolutely Yes
by Richard Reichmann

Starting A Business In This Economy? Absolutely Yes

Stop being fooled into thinking that you can't build a successful business or create jobs in this economy. That is absolute B.S. and we can prove it. No! this isn't a sales pitch, we aren't trying to sell you a thing.

Why do some people succeed and other don't? Well there are a number of reasons for that and the first is the lack of self confidence. It's not the number one excuse of If I only had the money I would be successful, If I had a better education, if I live in a different area of the country, If I were an American citizen. "Stop listening to that crap right now"

My business, Abba Equipment Leasing is simple! We help people start or expand their business by helping the finance them equipment they need to start or expand their business.

Yes, We started our 1st leasing company from our kitchen table back in 1983 with only $100 which I had borrowed from a friend and the prime rate was at 19 percent. My wife was pregnant at the time with our son David.

Richard Egan. A Marine helicopter pilot in the Korean War. In 1979, Egan launched a small storage company with six employees. He took the company, EMC, public in 1986. He's worth $1.3 billion.

Harold Simmons. A school teacher's son, once employed as a bank examiner. In 1961, Simmons put together just $5,000 and bought a small drugstore. Just 12 years later, he sold the chain of stores he built, Eckerds, for $50 million.

Wayne Huizenga. A college drop-out who started his garbage collection business with one used truck. He built that business (Waste Management) and sold it, then bought a small chain of 19 video stores, and built that into the Blockbuster chain, sold just seven years later to Viacom for $8.4 billion.

Leslie Wexner. This Ohio State law school drop-out started with one womens clothing store in Columbus, Ohio, in 1963. He methodically built a chain of more than 4,000 stores. Seven different brands, including The Limited and Victoria's Secret. Worth $2.7 billion.

Kenny Troutt. This 55 year old bartender's son grew up in a housing project, held jobs in construction, selling insurance. In 1988, he started his own network marketing company, Excel Communications, selling discount long-distance. He built it to $1.4 billion in sales, sold it in 1998 for $3.5 billion. He owns the stud farm where the 2003 Kentucky Derby winner, Funny Cide, was born.

James Jannard. A college drop-out who started a small business in 1975, making motorcycle grips. Expanded to sunglasses and apparel. Built his brands by giving free samples to celebrities. Worth $1.1 billion.

Margaret Whitman. Harvard MBA, worked at Proctor & Gamble and Hasbro, before taking something of a career gamble, taking the top job at an unproven new company: eBay. Worth $1.1 billion.

Gary Comer. Turned his hobby into a business, beginning with a small mail-order operation, selling hardware to boat owners. Added clothing. Turned the catalog into Land's End. Sold to Sears for $1 billion.

Oprah Winfrey. You know her. Came from a very troubled background. Started working in local TV. Turned nationally syndicated show into multi-media empire. Her motto: "Own it." Worth over $1 billion.

John Menard Jr. Opened a little hardware store, after building barns to pay his way through college. Has 184 stores. Worth $3.5 billion. David Green. Opened a small store to sell his handmade picture frames. Today, 307 craft stores in 27 states. Worth $1.1 billion.

Sydell Miller. From my hometown, Cleveland, Ohio. She started an eyelash make-up company in 1971, built it up from scratch, sold it in 1984 for a paltry $3 million. Started again, mixing batches of hair care products in the basement of a hair salon. Turned that company into Matrix, sold to Bristol-Myers Squibb. Worth $595 million.

Let's review. We have highly educated; we have college drop-outs. Men and women. People in mundane businesses like hardware stores and garbage collection. Who will be on this list five, ten, fifteen years from now? Why not you?

Abba Equipment Leasing was founded by Richard Reichmann. Knowing the importance acquiring the proper equipment for a business,

Richard had a vision to establish a company that would help businesses acquire the equipment they need to operate more profitably and efficiently. Our primary mission is to help business owners grow and prosper.

www.abbaleasing.com

Richard Reichmann may be contacted at http://www.AbbaLeasing.com or richard@abbaleasing.com

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