Affiliate Recruiting Secrets - How To Build An Army Of Affiliates!

Other enterprises, particularly those engaged in manufacturing and trading, are most apt to be shipwrecked through lack of careful calculation, foresight, and provisions for the Future. Yet, in addition to these probable causes of disaster, there are innumerable contingencies which cannot be foreseen. This is true of all business enterprises. In addition to the serious risk that the new enterprise itself may prove to be unsuccessful and all the promoter's profits, represented in common stock, may be wiped out, there is the further risk to the promoter that he may fail to carry through the enterprise and may lose all his own expenditures of money, time, and energy devoted to its promotion. This may easily occur without any fault traceable to the promoter. The writer has in mind one instance in which a year's work, some tens of thousands of dollars of expenses and additional tens of thousands of dollars interested in options were lost to the promoter through the sudden death of one of the principals in a small combination which he was organizing. Besides the monetary loss, there is constantly a serious risk in promotion, even of the most legitimate kind, of damage to the promoter's business reputation. In order to attract capital he makes many recommendations, which he may believe to be thoroughly justified. If the enterprise is successful, the fortunate purchaser of stock thanks his own excellent business judgment and forgets that he was persuaded to accept the judgment of the promoter; if the enterprise is a failure, these same representations are likely to be used as material for legal and personal attack. After the disastrous failure of the United States Shipbuilding Company, there was a great deal of discussion as to whether the real promoter was Colonel John J....