Need Serious Advice

You seem to know a lot about computers, so I recommend you look into the possibility of selling other peoples products online for a commission, affiliate marketing.It is not easy and will take time.If you can work from home this is a good option and does not require selling the other business.

Hi.

Not easy to give any advice here. If it was I facing this situation, I would have sold the business due to my health situation. One problem less to think about.

How I would have invested the money I do not know. I had put them in my bank in the first place, and this way giving myself some thinking space.

Just my 2 cent.

- Oddvar.

Amar, I am sorry to hear about your condition.

"Auto Immune Disorder" is not a diagnosis, but covers a very broad range of diseases ranging from rheumatoid arthritis, SLE to some much rarer mixed connective diseases. Sometimes, it is not possible to make a firm diagnosis.

I wonder if you have an actual diagnosis? All treatments would invariably involve dampening down your immune system with steroids or more potent immune suppressants. I agree that you may need a lot of rest, and possibly be off work for a while. But I also know of doctors who had various types of auto-immune diseases who were able to pursue a full career. Perhaps you need to seek further medical opinions and perhaps have further investigations.

I do not know much about the Health Service in India but I am under the impression that it is highly variable. Personally, if it is as serious as you said, I would be inclined to sell the business altogether.

Derek

I know absolutely nothing about your illness, but if you trust your doctor, then my advice would be to do exactly what the doctor tells you to do. The business is obviously causing you a lot of stress, which you say is very bad for your health -- so sell the business, invest your proceeds carefully, and rest. If you have to cut back on your lifestyle some for a while, do it, your family needs you alive.

If you are going to have the money to outsource i would definately invest it in outsourcing.. product creation, sales page creation, article writing, the works. Used wisely, I think could make enough to keep reinvesting in the outsource cost to keep building your business.

I hear outsourcing to the philippines is hot right now, lol

Thanks Mark,

Your post will really help me to take right decision.

At this point of time my main concerns are --
1. My health
2. Taking care of my family.

If I have to sell my business , I must have to setup a income stream to support my family. What I am planning is , sell my business and invest the 80% of money in property and 10 % deposited in bank to cover monthly expenses of my family for 1 year , remaining 10% I want to invest in online business where I can earn some money to support my family without doing so much work, I can do 3-4 hrs work daily.I need your suggestion for it.

cheers

From what you've said I would probably sell the business now at 5x your investment.

However putting 80% of your profits into property sounds like too much. I'd put in less to keep more cash at hand. When things are uncertain lots of cash provides peace of mind.

Andrew

If you are able to invest in US stocks, buy some good quality stocks that pay good dividends. This is what I had my parents do when they retired, you can make very good returns.

If you are able to work on the computer without getting stressed and causing health problems, then why don't you start an online business? You need a good web host (costs about $8 to $10 per month), a domain (costs $10 per year), and a good autoresponder for list building (AWeber and GetResponse costs depend on how many subscribers you have, but figure at least $150 per year).

Don't know what your offline business is but you might be able to create a product of a training course or coaching based on it. Or start with affiliate products, or PLR. If you have enough money in the bank to cover expenses for the family for a year, you should be able to get an online business up and running. Just remember that you have to take care of your health first, those 3 little children need their Dad.

Thanks Mark ,

I have visited the above mentioned thread and it is very motivational.
I am ready to do work but need right direction , if you suggest me a mentor I will be highly geatfull to you.A mentor can guide me to do targeted work and it will save my energy.

Thanks

Sorry to hear about your sitch .. but if I needed to put my money in something that had a better possibility of giving a good ROI, I would trade stock options. I've been doing that on top of IM stuff (which you can lose money in sometimes) and haven't lost yet.

Check out OptionsIncomeSystem.com, I'm not sure how it works outside of the US but I'm sure the system can be applied just the same.

I can not tell you what to do but I think selling your business, if the money is right, would be a good start. Then take the money and do not invest it all in one place, but some in property, some in online marketing endeavours, etc. Sorry to hear about your problem and some of us also are having hard times in our lives right now but I just hope you can go on and make the right decision.

Hi Amar,
Have you considered doing both keep the business and work online?) Your business is worth something as you stated by the offer you received. If you can find a good manager that can turn it around you can focus on the online part and have both. Mulitiple steams of income are the way. Health being an issue if you don't sell I would employ the manager you mentioned. In either case the online route would be my definite recommendation as an added security plan.

Dear Amar:

Sorry to hear of your problems with your business and health, but you have the power inside you to help combat this illness and take control of your life again and provide for your family.

Here are my suggestions after having read the posts.

# 1. Your health is most important, without you your family would be in dire straits.

# 2. Sell the business while it has worth, but be careful of taxes, possible sell 50% this year and balance next year to avoid tax problems.

# 3. If you are losing weight then the disease is advancing. Your stress is doing you in, so you need to reduce all stress, in any way.

# 4. I believe in NLP and meditation can help heal the body. It healed my sister with breast cancer and myself with a neck broken in 3 places so I was not paralyzed. What we think about ourselves we feel and we create. You need to heal from the inside out and it all starts with your mind and your thoughts.

NLP and meditation will help you slow the progression of your disease. Please go to this website Rebirth Life - Rebirth Therapy - Meditation Therapy - Hinduism Meditation to see what meditation and NLP can do to help you. I do not get any money or proceeds from this site, it is one I built for a Swami and you can gain free help from Swami Paramananda. I do not know your religion, but his in depth meditation will help you to heal your body. All proceeds from this site to go charity.

Here is his main website Swami Paramananda

Doctors can tell you of people that were very sick and healed themselves via laughter and NLP and meditation. It happens every day.

Please take care and know you will be in my thoughts and prayers for recovery.

To your regaining your health,

Jennie

First things first.

SEE A REAL DOCTOR! "Alternative medicine" is shady at its very best. 90% of it is bogus - magical thinking, superstition, etc. Forget the witch doctors and go to a real (western) physician.

See if you can get Humira (Abbott Labs). I have a serious auto-immune problem that nearly killed me last year. I'd gotten to the point where I was looking for a hospice. Humira saved my life. Look into it.

I bid you well.

Amar,

First of all I'm very sorry to hear about your illness, which seems permanent from what you're saying. It must be hard to be confronted with such a tough decision, especially when you were doing so well just a few short years ago.

If I were in your position, I'd sell the business and look for something else to do. Running a business is a full-time endeavor, and even when you have someone running it for you your mind will always gravitate towards it, and it'll be foremost in your thoughts. Furthermore, you have mentioned that business is declining.

What I'd concentrate on right now is getting back as much of your health as possible. All the wealth in the world is not going to matter if you're not healthy enough to savor and enjoy it, in my opinion.

Amar, just curious, what is your offline business? I'm asking because you may be able to take what you've learned and accomplished in this business and use it to start your online business. Maybe design a course to teach others how to start and run a similar business? Have you had time to think about what you would like to do for your online business?

Hi Marx ,

Thanks a lot for your detailed advice. I know a lot of people here are very helpfull and kind hearted ,you are one of them. I really very thankfull for your valuable advice. I am going to discuss this with my family and friends.
Can I PM you if I need some help ??

Cheers

Thanks a lot , I have sent a PM to you pls check!!

Regards

Hi Amar,

The thoughts and prayers of many people are with you and your family.

Your English is fine to share your ideas. You would only need an editor if you want to sell what you write. Otherwise don't worry about it.

I respect your priorities and your desire to explore any option that might help you and your family.

I agree that "auto immune disorder" is a category, not a diagnosis. It's important that you have an actual diagnosis.

Here is my advice, in case any part of it is helpful to you.

I also encourage you to get a wider range of medical opinions. See another Ayurvedic doctor for a second opinion. See a mainstream Western medicine doctor. See a Traditional Chinese Medicine doctor. See a chiropractor. See a naturopath. Any ethical doctor should honestly tell you what they can help with, and what they need to not try to treat.

If you have someone who is ready to provide with the large payment for your business, I recommend that you take it! Put the money in the bank and make a budget for a year's living expenses. A year is plenty of time for you to develop a new business that is profitable, and that lets you work part time given your health situation.

Since your old business is in decline and your health prevents you from working on it like you used to. Sell the business and accept the money. Let someone else see if they can make it work. Go on to the next thing in your life.

As for the rest of the sale money, don't assume that property is your only choice. Please get a qualified impartial financial advisor to help you with that decision.

I have a suggestion about that. I am not a client, affiliate or in any way connected with this person, but I have heard his daily radio show for ten years now and I have great respect for his work and he is who I will turn to when I have money to invest: Moe Ansari, website Compak Asset Management | Registered Investment Advisors | Proactive Wealth Management | Financial Planning and Solutions. His company will give free advice about asset allocation, which is the decision of what types of investments to use, even if you don't become a client for them to manage your investments.

What you know as a mechanical engineer, computer expert and business man cannot be taken away from you. Use them along with Internet marketing in a brand new business based around what is best for you and your family going forward.

If it turns out that you need to be a property investor rather than in Internet business, you still have plenty of time to find a great investment rather than rushing to buy whatever you find first.

Jennie makes a good point that you should ask a tax expert to help you decide if your business sale should be in installments.

You are welcome to send me a private message if there is anything further I can do to help.

Amar, So sorry to hear of your current plight.

I have a background in the natural health field and am a certified acupuncturist. I understand some about the types of therapy you are getting.

Even something such as extreeme stress can cause weight to drop off and serious illness to set in as the immune system is affected. I have been there.

I would suggest that you may want to get more than one opinion and tests from medical labs to verify what you have. You could be hinging a big life decision on an incomplete picture.

I agree with Derek Wong in both his posts.

"Auto Immune Disorder" is not a diagnosis, but covers a very broad range of diseases ranging from rheumatoid arthritis, SLE to some much rarer mixed connective diseases. Sometimes, it is not possible to make a firm diagnosis.

I wonder if you have an actual diagnosis? All treatments would invariably involve dampening down your immune system with steroids or more potent immune suppressants. I agree that you may need a lot of rest, and possibly be off work for a while. But I also know of doctors who had various types of auto-immune diseases who were able to pursue a full career. Perhaps you need to seek further medical opinions and perhaps have further investigations".

I sincerely hope you are better soon.

Jeannie

Please let us know how you are doing, and good luck.

A bird in hand is worth two in the bush. That's an American saying so my apologies if it is not understood, but basically, if I were to choose between good cash for a business with declining revenue, I'd grab it before they reconsider.