Calling All Existing and Wannabe Crypto Miners & Investors

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Less than 2 weeks ago while having my morning latte at arguably the nicest coffee hangout in La Jolla, I chanced upon a gentleman also enjoying the ambiance of our remarkable 72-degree weather, while sipping his coffee. That first meeting has manifested into a very significant partnership, combining his cryptocurrency mining (3D Rendering, AI and Machine Learning) cleverly engineered into a state-of-the-art unit that can be placed in data centers and soon to be offered to be placed in your own home!

My entrepreneurial expertise has always been in the creation and start-up arena, so when I became "educated" in this learned man's field, it wasn't long until I realized the tremendous opportunity of combining some of my own resources with his. For instance, when I learned that his $5000-$7000 units had no financing element in place, I immediately introduced my own to would-be purchasers. (www.entcreditcard.com/imagine)

By simply combining the possible passive monthly earnings of between $400 and $1000* of each machine placed in his contracted data centers or even their own homes, anyone that could either afford to purchase one or more units or was qualified (700 FICO) to receive my financing of between $25k and $175k could earn an amazing return of completely passive income.*

I immediately went to work finding suitable Consumer Verticals to which to market and found that Millennials, Transitioning Military and Home-based Business aficionados were perfect customer bases...numbering in the millions. I then surmised that the only way to scale and quickly was to create an Affiliate Program...so I commenced on making it all happen. Taking a page from Pharmaceutical Sales, I recruited pretty, smart and ambitious young ladies I named "The Crypto Chicks." They are being tutored in the world of crypto and have each received financing commitments of $50,000 from my lending resource, which they will be buying "machines" with to lead by example to their peers. (see link below)

Next, I recruited a soon-to-be-retired US Army Sergeant at Ft. Bragg, North Carolina, who contacted me from an earlier blog. He actually mined crypto himself, saw I offered crypto-financing and after a chat and follow up and an exchange of information...he agreed to create a funnel of other transitioning soldiers at Ft. Bragg to offer our unique passive income strategy as they matriculated to civilian life from their Service. This gentleman is actually meeting with a half-dozen prospective "early adopters" in his home tomorrow night to discuss the new Program. He shared that at Fort Bragg alone, between 400-600 soldiers transition each month. If we can perfect our Program there...we can literally scale this across the Globe to all US Military installations.

In my very own home area (La Jolla) which is outside of San Diego, I chanced upon meeting a very pretty and bright young Marine, the only female in her specialized duty station at Miramar. She became very interested in what I was offering to servicemen and women and I introduced her to our "Crypto Chicks" and am pretty certain that she will take up the charge of spearheading our new Program to her fellow Marines by taking our capital and acquiring machines for her own account.

Years ago, I was introduced to an uber-successful Network Marketer that actually achieved $1 Billion in sales. It turns out that my new crypto partner had a 20-year long friend who was the "right arm" of my old contact with the billion dollar enterprise. We spoke at length and due to his decades-old friendship with my crypto partner and the very exciting opportunity we have fashioned together...he is busy with my staff putting together a sweeping Affiliate Program to launch our vision to the world.

The state-of-the-art "machines" are being assembled with the finest components available, the financing is in place for consumers with the "early adopters" being selected and approved (www.entcreditcard.com/imagine) and we even developed a program for those that want our money but do not qualify (www.entcredit.com).

Literally, 2 weeks after my coffee meeting in the Village of La Jolla...we are launching what promises to be a very significant "play" in the cryptocurrency mining world. We even have our website up (under construction, anyway...lol)

www.cryptechalchemy.com

And of course...our lawyers insisted on my including the following whenever I discuss our exciting project. lol

EARNINGS DISCLAIMER***

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

 

See my entrepreneurial history spanning 4 decades at www.peterjburns3.com and reach me at peter@entcreditcard.com

Posted on May 4, 2018 .

The Digital Alchemist

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I am a serial start-up entrepreneur and have been for over 42 years with an estimated 150 ventures under my belt. When it doesn't seem that I will ever come upon anything more intriguing in the world of entrepreneurship than my latest foray...I surprise myself with the ingenuity of humanity to create profits out of literally anything and I leap in.

This event transpired yet again last week. Although I am an avowed "non-techie," I nevertheless came upon the decidedly technological marvel of cryptocurrency mining. All of my instincts pushed me towards learning as much as I could and as quickly as I could in the field, courtesy of a kind and learned new friend over a series of coffee meetings less than a week ago. When you have operated in the entrepreneurial world as long as I have (over 4 decades), the odds are that you have either been involved with or have knowledge of a multitude of tangential businesses and individuals that can be marshaled together and committed to one's new passion. That is exactly what I am doing as we speak.

My week-old journey into cryptocurrency mining has already taken leaps and bounds which are enunciated on a recent blog:

https://www.linkedin.com/pulse/we-loan-you-money-mine-crypto-peter-burns/

Had we spoken out loud of the subject prior to my "quick and dirty" education across the fire pit over lattes with my industry expert friend...I would have classified cryptocurrency mining as "Digital Alchemy, " the title of today's blog. It simply made no sense to me as it mysteriously appeared very close to the ancient Alchemist's claims of turning lead to gold. How could one write software programs featuring algorithms that churned out digital currency by plugging in a CPU that produced same? Well, the answer is that they can and they do...to staggering profit levels.

Once I learned the basic tenets of cryptocurrency mining, I was free to use my "genius" of "connecting the dots" to enhance the basic premise...hopefully towards bigger and better profitability. I am in the midst of that process right now, bringing to bear a unique FinTech product I launched a year and three months ago that I dubbed "The Entrepreneur Credit Card." By utilizing this financing vehicle that offers up to $175k in unsecured, no-interest (12-21 months) credit lines to individuals with good credit...one can buy one or multiple cryptocurrency mining "machines," that perform faster and more efficiently than any such unit on the planet. These "machines" churn out an estimated $400-$1000 per month (depending upon the product chips installed) in completely passive and uninterrupted "coin" income...convertible to cold, hard cash put into your eWallet...every day.

Now that I have the targeted venture (cryptocurrency mining) in my sights...I am free to expand into multiple verticals and have already started securing the Direct Marketing, Transitioning Military, Home-based business seekers and Millennials as the end-user recipients of my new Program of fully-funded cryptocurrency mining "machines" that will provide the "Holy Grail" of Passive-Income Generation:

https://www.linkedin.com/pulse/holy-grail-passive-income-generation-revealed-peter-burns/

So...at 61 years "young," I am taking my new friend's remarks to heart that if I brought my unique financing tool (www.entcreditcard.com/imagine) and joined it to his state-of-the-art cryptocurrency mining "machine"....I would become a billionaire overnight.

Like Nike's apt motto "Just Do It!"....I intend to.

 

Reach me at peter@entcreditcard.com and see my lifelong entrepreneurial journey at www.peterjburns3.com

 

This is a story about the "birth" of perhaps the greatest opportunity of establishing financial self-determination that I have seen in the last 42 years of my journey in entrepreneurship.

I live in the Southern California paradise of La Jolla. Each day I "work" at my favorite coffee bistro, where I meet interesting new people who are gathered around me on the outside patio of this beautiful establishment.

(see my blog below about this perfect "entrepreneurial work spot.")

https://www.linkedin.com/pulse/work-where-heart-peter-burns/

A year ago last December, I started a very powerful FinTech product that I named the "Entrepreneur Credit Card." This unique start-up financing vehicle and its initial (and subsequent success) are covered in the blog below:

https://www.linkedin.com/pulse/1000000-unsecured-funding-approved-from-entrepreneurs-peter-burns/

We were able to help many individuals ($2 Million or so) with their start-up and expansion capital needs and our Underwriter has provided over $250 million in only 1 1/2 years since this product has been offered to consumers. While the process of obtaining this debt capital is efficient (www.entcreditcard.com/imagine), alas, many applicants are turned down simply because their credit has been "dinged" and their "all important" FICO score (main determinant of funding acceptance) is too low for approval.

I was determined to change the odds for those people who were turned down before and the ones that needed our funding but were unable to qualify. So...I put this venture together and launched it last week...

https://www.linkedin.com/pulse/second-bite-apple-consumers-peter-burns/

I got my start at the McIntire School of Business at the University of Virginia in one of this country's 1st courses in entrepreneurship in 1977. After turning my business plan (my only "A" in college!) into my 1st "official" business of renting mopeds on Nantucket Island that summer. Thus, I started my lifelong career in entrepreneurship, leaving the University after returning the remainder of my US Army ROTC Scholarship to the "Alternate" and expanded my 1st rental business across the world to 100 locations. I returned to my "academic roots" at UVa to guest lecture at my professor's "Entrepreneurship" class for the next 10 years until my professor retired. I was "hooked" with wanting to teach my own brand of "real life entrepreneurship."

Gratefully, I received that chance when I began teaching "Ready, Fire, Aim" at ASU's Barrett Honors College as an Adjunct Faculty Member. The first class of 19 brilliant young Honors College students that first semester morphed into 94 students by the second semester, The entire program then was moved to Grand Canyon University where I founded the country's first accredited College of Entrepreneurship in 2007. 11 years later, I remain as fiercely dedicated to helping young people achieve entrepreneurial success as I did then. See my mission below:

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Of course, everyone...from the jobless Millenial to the "cubicle dwelling wannapreneur" deserves a piece of the American Dream so I try to hold the course by creating that path to success. See link below:

https://www.linkedin.com/pulse/experiment-capitalism-peter-burns/

After 42 years of creating and launching new ventures, I sense opportunities and act upon them as instinctively as a duck takes to water. I honestly cannot help it. lol

During the past week or so, I saw the same gentleman around my age, reading the paper and talking on his cell across from me at another fire pit on the patio of the coffee bistro that I visit each morning. We exchanged pleasantries and each morning shared a little of what we did and what brought us to La Jolla. This nice man was a "techie," something of which I simply am not. He turned out to be a Cryptocurrency Data Mining Industry Icon...running that Industry's most recognized newsletter following trends and nearly daily news on this esoteric (to me) subject. In a word...I simply didn't "get it." lol

Still...my nature is to inquire and learn, so each morning, the nice man educated me on tidbit after another in "dummy-downed" layman's terms all about Cryptocurrency and its "Mining." My natural inclination is to conjecture a way to monetize new knowledge by assembling seemingly unrelated components and "connecting the dots." The story below shows the "grassroots" strategy of the young entrepreneur starting in the field I was now studying...

The secret lives of students who mine cryptocurrency in their dorm rooms

WRITTEN BY

Karen Hao

January 06, 2018

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.

In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was enough to get started. Thinking he might make some money, Mark, who asked not to use his last name, downloaded the platform’s mining software and began mining for random buyers in exchange for payments in bitcoin. Within a few weeks, he had earned back the $120 cost of his graphics card, as well as enough to buy another for $200.

From using NiceHash, he switched to mining ether, then the most popular bitcoin alternative. To increase his computational power, he scrounged up several unwanted desktop computers from a professor who “seemed to think that they were awful and totally trash.” When equipped with the right graphics cards, the “trash” computers worked fine.

Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March 2017, he was running seven computers, mining ether around the clock from his dorm room. By September his profits totaled one bitcoin—worth roughly $4,500 at the time. Now, four months later, after bitcoin’s wild run and the diversification of his cryptocoin portfolio, Mark estimates he has $20,000 in digital cash. “It just kind of blew up,” he says.

Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners.

In the months since meeting Mark, I’ve interviewed seven other miners from the US, Canada, and Singapore who ran or currently run dorm room cryptomining operations, and I’ve learned of many more who do the same. Initially, almost every student began mining because it was fun, cost-free, and even profitable. As their operations grew, so did their interest in cryptocurrency and in blockchain, the underlying technology. Mining, in other words, was an unexpected gateway into discovering a technology that many predict will dramatically transform our lives.

While it’s impossible to estimate how many dorm room cryptominers exist globally, it’s likely their numbers are growing as cryptocurrency values continue to balloon. Once they graduate, these students are poised to play a critical role in shaping the next technology revolution.

A dorm room operation

Years before meeting Mark, when I was a junior at MIT, I had heard rumors of my peers mining bitcoin. After its value exploded, and along with it, the necessary computational and electrical power to mine it, I assumed that dorm room mining was no longer viable. What I hadn’t considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.

When mining for cryptocurrency, computational power, along with low power costs, is king. Miners around the world compete to solve math problems for a chance to earn digital coins. The more computational power you have, the greater your chances of getting returns.

 The more computational power you have, the greater your chances of getting returns.

 To profitably mine bitcoin today, you need an application-specific integrated circuit, or ASIC—specialized hardware designed for bitcoin-mining efficiency. An ASIC can have 100,000 times more computational power than a standard desktop computer equipped with a few graphics cards. But ASICs are expensive—the most productive ones easily cost several thousands of dollars—and they suck power. If bitcoin prices aren’t high enough to earn more revenue than the cost of electricity, the pricey hardware cannot be repurposed for any other function.

In contrast, alternate currencies like ethereum are “ASIC-resistant,” because ASICS designed to mine ether don’t exist. That means ether can be profitably mined with just a personal computer. Rather than rely solely on a computer’s core processor (colloquially called a “CPU”), however, miners pair it with graphics cards (“GPUs”) to increase the available computational power. Whereas CPUs are designed to solve one problem at a time, GPUs are designed to simultaneously solve hundreds. The latter dramatically raises the chances of getting coins.

Most of the dorm room miners I spoke to mined alternative currencies with personal computers and graphics cards. Some used their desktops, while others built their own computers. A few of them even used their laptops. Pretty much everyone already had graphics cards for gaming or other purposes before realizing that they met the hardware requirements for mining.

“It just so happened that at the time I was reading up on mining, I was building a personal computer for purposes of video editing…some AI stuff, and whatever I throw at it,” says Arjun Singh Brar, a recent graduate of Singapore University of Technology and Design. With access to his dorm’s free electricity, he thought, “Why don’t I just give [mining] a try.”

Free electricity and massive amounts of heat

By Mark’s estimation, four of the other 35 residents on his floor also have homegrown rigs. Unlike his setup, most just use a single desktop with one or two graphics cards.

None of them really know what MIT’s policy is on their profit-generating activities, so they take precautions to avoid getting caught. “I have a lot of experience with exactly what outlets in my room can pull what amounts of current before I trip the breaker,” Mark says. He knows it trips if he ever overclocks any one of his computers by running its CPU at a faster speed than it was designed for. That causes his entire operation to shut down, which could draw the scrutiny of the university’s facilities department. (MIT did not respond to request for comment.)

 “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.”

 So far, everyone on Mark’s floor has flown under the radar. MIT monitors electricity use by building rather than by individual, and the miners almost certainly don’t pull enough power to make their dorm’s electricity use look anomalous. All of the other miners I spoke to had similar experiences; their universities raised no objections—either out of ignorance or apathy. 1 (SUTD and Stanford did not respond to requests for comment. Babson College said it didn’t “have anything to add on this subject.”)

Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”

What dorm miners don’t pay for in electricity, they pay for in discomfort. Even without the radiator running in the middle of a Boston winter, the temperature in Mark’s room is well above desirable. His rig is “essentially a 2,000-watt heater running at all times,” Mark says. “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.” This is even after he moved his two most efficient mining rigs to his girlfriend’s room three floors below because the heat in the summer was unbearable.

Other miners described how they handled the massive amounts of heat—and what their significant others and roommates put up with. Rahul, a Stanford class of 2015 electrical engineer, drew his girlfriend’s ire for his rig. “It was very loud and blew a lot of hot air. My girlfriend was very upset that it had to be on at night,” he laughs.

When Nicholas Abouzeid, a senior at Babson College in Wellesley, Massachusetts, began mining from home in high school, he ran the software off his Macbook Pro and kept his bedroom window open to regulate his laptop’s temperature. “It would get to 35 degrees in my room, and I was shivering in bed, but my computer was very happy,” he says. A few months before leaving for college, when he built his own computer to mine crypto more efficiently, he surrounded it with fans to disperse the heat.

Patrick Cines, a recent college graduate who mined in his dorm room at Penn State University in State College, Pennsylvania, was particularly innovative. To regulate his room’s temperature in the August heat without air conditioning, he hacked together a ventilation solution out of Home Depot dryer tubes. “The ones that people usually connect to their dryers in their houses to put out all the heat,” he explains.

Fast gains and faster losses

In the fast-paced, unregulated world of crypto, a fortune gained one day can be quickly lost the next, not just because of the market’s high volatility. Lack of regulation increases susceptibility to fraud and security breaches.

On Dec. 6 last year, for example, hackers penetrated NiceHash, the platform that introduced Mark to mining, and whisked away 4,736.42 bitcoin, worth more than $60 million based on the day-of price. Mark had returned to NiceHash after mining ether, but fortunately only lost roughly $300 of unpaid bitcoin. He immediately switched to using a different cryptomining marketplace. NiceHash froze its operations for two weeks.

 “I got burned.”

 While Mark’s encounter with bad actors left him relatively unscathed, Rahul, the Stanford graduate, suffered a much greater loss. In December, 2013, he spent a couple thousand dollars on an ASIC to mine bitcoin. Within the first three months, he mined what was at the time worth $10,000, he says. (According to CoinDesk, the price of bitcoin during that time averaged around $800.) Confident that the price would rise, he purchased another $10,000 of bitcoin with his own money and placed all of his holdings on Mt. Gox, then the largest and most trusted bitcoin exchange in the world.

In February of 2014, Mt. Gox got hacked and lost 740,000 bitcoins. The Japanese exchange declared bankruptcy and Rahul lost every penny. Despite joining the subsequent class action lawsuit, he told me he still hasn’t seen any of his investment returned.

“Our BTC, plus the additional investments we made, would have been worth well over six figures at today’s prices,” he says. “I got burned.”

Ahead of the curve

Though dorm room mining may seem trivial, it’s creating a new generation of cryptocurrency experts. Many miners say their experiences taught them crucial lessons about the technology, and some have already substantially profited as well.

Abouzeid at Babson, for example, was introduced to crypto in December 2013 while he was still a junior in high school. His friend showed him the lighthearted, meme-obsessed subreddit for dogecoin, a new bitcoin alternative, named after the viral doge meme. “I was like, ‘Oh this is fun and kind of silly. I’ll buy in,'” he says.

He began dabbling with mining doge (the dogecoin unit of currency) on his Macbook Pro. In January 2014, the subreddit pooled together $30,000, or 26.5 million doge, to send the Jamaican bobsled team to the Sochi Winter Olympics. Two months later, it pooled together $55,000, over 100 million doge, to sponsor a driver in the NASCAR Sprint Cup Series race. Both stunts made Abouzeid realize the power of crypto.

 “Now I can look back and go, ‘Wow look, I know more about bitcoin than most people!'”

 Invigorated, he dug into understanding bitcoin and built his first specialized mining computer at home. “It ran for three months until my mother got our electricity bill,” he says. Once he arrived at Babson, the university’s free electricity gave him unfettered freedom to dive deep into the crypto world.

“I don’t know if I could justify my interest in it initially,” he says. “Of course now I can look back and go, ‘Wow look, I know more about bitcoin than most people! This is totally a good investment.’ But at first it was just fun.” The experience has inspired him to work in the industry in the future.

Akash Nath, a class of 2016 Boston University graduate, began a bitcoin derivatives trading platform called Alt-Options with a few other classmates several months after he began mining in his dorm room as a sophomore. He and the other founders sold the company for an undisclosed amount in April 2016, earning a neat return before even graduating from college. “It worked out pretty nicely,” he says.

Now 23, Nath runs a company unrelated to crypto, but maintains his network in the crypto and blockchain community. If he returns to the crypto world, he plans to educate new users. There are “very few clear resources to properly direct and educate newcomers,” he says.

An impending revolution

No one yet fully understands how cryptocurrencies will change how we transact business with one another, but many experts predict they will spark a revolution. That thinking was reflected in 2017 when bitcoin’s price rose 1,000%, yet still fell short of the top 10 cryptocurrency gainers of the year; when Estonia announced that it would pursue plans to launch a crypto-token, making it the first country to do so; and when major Japanese and South Korean banks began trialing blockchain-based payments (paywall).

“I fundamentally believe that blockchain technologies are going to improve the world,” says Abouzeid. “I don’t know when, I don’t know how. I don’t know if it’s going to be bitcoin or ethereum or whatever coin is coming up today or tomorrow, but I enjoy it and it’s fun.

“It’s fun to be part of the ride.”

So, literally days after a chance meeting with my new Cryptocurrency friend over coffee...I think I may have figured out the largest passive income generator that has ever been envisioned. Literally!

My new Cryptocurrency Mining friend has pioneered a "machine" that successfully and flawlessly "mines" Cryptocoins...in and out, all day, every day...producing $400 of "coin" value each month. The "machines" can simply be "stacked" or added to and stored in a state-of-the-art data center. My friend has ordered 260,000 chips with which to construct the equal number of "machines" and is in negotiation for acquiring the first 3 mega-data centers at a price tag of $8 million apiece. Do the "math"...he is looking at a "coin" income of some $104 million of "coin" value...every month!

So...what is my angle here. Obviously, my new coffee friend doesn't need my raw ingenuity to make him even more successful...but doesn't he? I am a niche market entrepreneur...creating value out of virtually nothing in place now...but making it so. I immediately saw the "gap" that my friend merely overlooked but was gapingly obvious to me. I would create a "Business to Consumer" model by offering a passive cash flow resource to all of those job-challenged Millenials and "wannapreneurs" that yearned for steady income untouched by job loses or uncontrollable economic shifts.

Asking my friend why literally "everyone" wouldn't want to have one or likely many of his passive cash-generating "machines" for themselves, he simply answered that the cost of acquisition for one or many might simply be out of the range of the "regular joe" desiring to enter the "crypto-mining" phenomenon. I countered with..."What if I could finance these purchases with highly desirable terms such as interest-free for 1-2 year credit lines up to $175,000?" He quickly replied..."By putting the two together, I would have created the "Holy Grail of Passive Income Generation." He then added..."You would become a billionaire overnight."

Smiling like the fabled "Cheshire Cat" of Lewis Carroll's "Alice in Wonderland" I carefully outlined my Plan of Action to my new friend...and hoped-for partner.

I would arrange to buy as many of my friend's crypto coin mining "machines" at the best possible price, creating an offer of the "ultimate passive income generator" to consumers, complete with unbeatable unsecured financing in order to effect their desired monthly income. At $400 per month, 12 "machines" could generate nearly $5000 in net monthly income. These 12 "machines" would cost the consumer $60,000 at $5,000 per unit.

My Entrepreneur Credit Card would offer the funding to virtually anyone with the requisite credit of a 700 FICO score threshold. See www.entcreditcard.com/imagine. The unbeatable terms of 12-21 months interest-free credit line with 1%-2% monthly principal repayment (meaning once paid, available immediately) effectively met...."free" money to invest for 1-2 years. The money earned from the passive investment return equated to a 100% ROI...the first year and literally an infinite return every more. One year's earning paid off the entire investment at zero cost...with the credit line intact and available to re-invest and double...literally every year thence.

For those individuals whose FICO score simply didn't qualify for my Entrepreneur Credit Card funding out the gate...my new innovation of "repairing and enhancing" one's credit would have you ready to apply and receive the investment funding within 60 days or so. Each applicant would simply go through our new Program at www.entcredit.com.

The prototype of the "machine" has been vetted and proven. My financing vehicle has funded over $250,000,000 in the last 1 1/2 years. The Program of "Repairing and Enhancing" one's damaged credit is valid and provable. An Agreement between my new friend and me is in process, the website and collateral material being prepared and 11 eager "early adopters" are going through the application process of being qualified as we speak.

Everyone needs money. Passive Income is the generally unfilled mantra of everyone. I figured it out. Let's see how things manifest.

Want your own piece of the "American Dream?" Reach out to me at peter@entcreditcard.com and see for yourself. :)

See www.peterjburns3.com to learn about Peter J. Burns, III and his 4 decade-long "Adventures in Capitalism."

 

*** Earnings Disclaimer:

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence  AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Posted on April 25, 2018 .

We Loan You The Money to Mine Crypto

b1.jpeg

Last evening, I excitedly put down my thoughts to enunciate the steps I've taken these past few days to launch what is likely a "game changer" in the B2C (Business to Consumer) vertical in the cryptocurrency phenomenon. Before I pressed the "Publish" button on the Linked In blog page, I placed a call to my new friend and partner-to-be to make certain that my interpretations of our opportunity in crypto-mining was accurate. Well, if I learned anything from our evening call, it was that my expectations were WAY too low.

My new friend and colleague started to share just how big this really would be. I never touched upon the expansion possibilities on my last blog, that he carefully reiterated to me. His state-of-the-art crypto-mining "machine" with its proven beta-test income of $400 per month, combined with my instant 100% financing package was powerful enough.

However, my friend had already developed several additional applications for the same "machine," like AI and rendering...plus other verticals that he explained and which went completely over my head. He unequivocally stated that by simply adding the AI (Artificial Intelligence)-proven chip to his "machine," the monthly income shot up to $1000 per month...2 1/2 times what had excited me before. This meant a 200% return annually...with our 100% no cost financing for 12-21 months in place!

Furthermore, he went on to quote snippets from the industry article below that stated for the record...the cryptocurrency industry was poised for a 10 X surge..and soon. I didn't even share any of the above on my blog from last night. So..I pressed "Publish."

https://www.linkedin.com/pulse/holy-grail-passive-income-generation-revealed-peter-burns/

This very well respected (perhaps THE most well respected) Crypto-industry publication printed this only yesterday (April 20th)....the same day I published my aforementioned "passive-income" blog. Is it only a coincidence that the industry surged $30 billion between then and today? No, Sir. These industry experts are "dead on, " that's why.

https://cdn.fbsbx.com/v/t59.2708-21/30832002_10212893365709106_3663626937646972928_n.pdf/April-PBC.pdf?_nc_cat=0&oh=9a2886c788503ecf3463c62abc3a9455&oe=5ADC9530&dl=1

So the question for now is...what are we all going to do about of this?

The answer is ....join me.

Borrow our money.Go to wwww.entcreditcard.com/imagine and find out how much you can obtain (700 FICO required)...in 30 seconds by watching this 2-minute video and pressing "Apply." Now, take that money and buy as many cryptocurrency mining "machines" from us as you can at $5k-$7k apiece. Each one should generate $400-$1000 per month...so a dozen machines will produce an estimated $5k-$12k per month...every month. Pay off your loan in a year or two...at zero cost because we offer 0% 12-21 months from when you take your money. It just doesn't get any better than this.

We even have a plan for those not quite qualified to borrow our 0% money since the threshold is a 700 FICO to qualify. Simply visit www.entcredit.com to get your credit repaired/enhanced and apply for our money. Then, buy your "machines"

Now, bring your friends and family into the mix. Show them how you are doing, because you "bank" your Crypto-income every day...and it goes directly into your eWallet in either "crypto-coins" or cash...your choice. We will pay you a nice referral fee for each new account you bring to us. That fee is generous and reoccurring and guess what(?) like us, you get paid in cash and/or "crypto-coins"...which very likely continue to go up in value.

This idea is so new to me and hence to you readers...that I am frantically building out collateral material, the website and everything else that goes into a start-up. Lucky for me (and you!) ...I've done this 150 times before. :)

Like I said...join me. I can be reached at peter@entcreditcard.com

 

This is a story about the "birth" of perhaps the greatest opportunity of establishing financial self-determination that I have seen in the last 42 years of my journey in entrepreneurship.

I live in the Southern California paradise of La Jolla. Each day I "work" at my favorite coffee bistro, where I meet interesting new people who are gathered around me on the outside patio of this beautiful establishment.

(see my blog below about this perfect "entrepreneurial work spot.")

https://www.linkedin.com/pulse/work-where-heart-peter-burns/

A year ago last December, I started a very powerful FinTech product that I named the "Entrepreneur Credit Card." This unique start-up financing vehicle and its initial (and subsequent success) are covered in the blog below:

https://www.linkedin.com/pulse/1000000-unsecured-funding-approved-from-entrepreneurs-peter-burns/

We were able to help many individuals ($2 Million or so) with their start-up and expansion capital needs and our Underwriter has provided over $250 million in only 1 1/2 years since this product has been offered to consumers. While the process of obtaining this debt capital is efficient (www.entcreditcard.com/imagine), alas, many applicants are turned down simply because their credit has been "dinged" and their "all important" FICO score (main determinant of funding acceptance) is too low for approval.

I was determined to change the odds for those people who were turned down before and the ones that needed our funding but were unable to qualify. So...I put this venture together and launched it last week...

https://www.linkedin.com/pulse/second-bite-apple-consumers-peter-burns/

I got my start at the McIntire School of Business at the University of Virginia in one of this country's 1st courses in entrepreneurship in 1977. After turning my business plan (my only "A" in college!) into my 1st "official" business of renting mopeds on Nantucket Island that summer. Thus, I started my lifelong career in entrepreneurship, leaving the University after returning the remainder of my US Army ROTC Scholarship to the "Alternate" and expanded my 1st rental business across the world to 100 locations. I returned to my "academic roots" at UVa to guest lecture at my professor's "Entrepreneurship" class for the next 10 years until my professor retired. I was "hooked" with wanting to teach my own brand of "real life entrepreneurship."

Gratefully, I received that chance when I began teaching "Ready, Fire, Aim" at ASU's Barrett Honors College as an Adjunct Faculty Member. The first class of 19 brilliant young Honors College students that first semester morphed into 94 students by the second semester, The entire program then was moved to Grand Canyon University where I founded the country's first accredited College of Entrepreneurship in 2007. 11 years later, I remain as fiercely dedicated to helping young people achieve entrepreneurial success as I did then. See my mission below:

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Of course, everyone...from the jobless Millenial to the "cubicle dwelling wannapreneur" deserves a piece of the American Dream so I try to hold the course by creating that path to success. See link below:

https://www.linkedin.com/pulse/experiment-capitalism-peter-burns/

After 42 years of creating and launching new ventures, I sense opportunities and act upon them as instinctively as a duck takes to water. I honestly cannot help it. lol

During the past week or so, I saw the same gentleman around my age, reading the paper and talking on his cell across from me at another fire pit on the patio of the coffee bistro that I visit each morning. We exchanged pleasantries and each morning shared a little of what we did and what brought us to La Jolla. This nice man was a "techie," something of which I simply am not. He turned out to be a Cryptocurrency Data Mining Industry Icon...running that Industry's most recognized newsletter following trends and nearly daily news on this esoteric (to me) subject. In a word...I simply didn't "get it." lol

Still...my nature is to inquire and learn, so each morning, the nice man educated me on tidbit after another in "dummy-downed" layman's terms all about Cryptocurrency and its "Mining." My natural inclination is to conjecture a way to monetize new knowledge by assembling seemingly unrelated components and "connecting the dots." The story below shows the "grassroots" strategy of the young entrepreneur starting in the field I was now studying...

The secret lives of students who mine cryptocurrency in their dorm rooms

WRITTEN BY

Karen Hao

January 06, 2018

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.

In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was enough to get started. Thinking he might make some money, Mark, who asked not to use his last name, downloaded the platform’s mining software and began mining for random buyers in exchange for payments in bitcoin. Within a few weeks, he had earned back the $120 cost of his graphics card, as well as enough to buy another for $200.

From using NiceHash, he switched to mining ether, then the most popular bitcoin alternative. To increase his computational power, he scrounged up several unwanted desktop computers from a professor who “seemed to think that they were awful and totally trash.” When equipped with the right graphics cards, the “trash” computers worked fine.

Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March 2017, he was running seven computers, mining ether around the clock from his dorm room. By September his profits totaled one bitcoin—worth roughly $4,500 at the time. Now, four months later, after bitcoin’s wild run and the diversification of his cryptocoin portfolio, Mark estimates he has $20,000 in digital cash. “It just kind of blew up,” he says.

Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners.

In the months since meeting Mark, I’ve interviewed seven other miners from the US, Canada, and Singapore who ran or currently run dorm room cryptomining operations, and I’ve learned of many more who do the same. Initially, almost every student began mining because it was fun, cost-free, and even profitable. As their operations grew, so did their interest in cryptocurrency and in blockchain, the underlying technology. Mining, in other words, was an unexpected gateway into discovering a technology that many predict will dramatically transform our lives.

While it’s impossible to estimate how many dorm room cryptominers exist globally, it’s likely their numbers are growing as cryptocurrency values continue to balloon. Once they graduate, these students are poised to play a critical role in shaping the next technology revolution.

A dorm room operation

Years before meeting Mark, when I was a junior at MIT, I had heard rumors of my peers mining bitcoin. After its value exploded, and along with it, the necessary computational and electrical power to mine it, I assumed that dorm room mining was no longer viable. What I hadn’t considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.

When mining for cryptocurrency, computational power, along with low power costs, is king. Miners around the world compete to solve math problems for a chance to earn digital coins. The more computational power you have, the greater your chances of getting returns.

 The more computational power you have, the greater your chances of getting returns.

 To profitably mine bitcoin today, you need an application-specific integrated circuit, or ASIC—specialized hardware designed for bitcoin-mining efficiency. An ASIC can have 100,000 times more computational power than a standard desktop computer equipped with a few graphics cards. But ASICs are expensive—the most productive ones easily cost several thousands of dollars—and they suck power. If bitcoin prices aren’t high enough to earn more revenue than the cost of electricity, the pricey hardware cannot be repurposed for any other function.

In contrast, alternate currencies like ethereum are “ASIC-resistant,” because ASICS designed to mine ether don’t exist. That means ether can be profitably mined with just a personal computer. Rather than rely solely on a computer’s core processor (colloquially called a “CPU”), however, miners pair it with graphics cards (“GPUs”) to increase the available computational power. Whereas CPUs are designed to solve one problem at a time, GPUs are designed to simultaneously solve hundreds. The latter dramatically raises the chances of getting coins.

Most of the dorm room miners I spoke to mined alternative currencies with personal computers and graphics cards. Some used their desktops, while others built their own computers. A few of them even used their laptops. Pretty much everyone already had graphics cards for gaming or other purposes before realizing that they met the hardware requirements for mining.

“It just so happened that at the time I was reading up on mining, I was building a personal computer for purposes of video editing…some AI stuff, and whatever I throw at it,” says Arjun Singh Brar, a recent graduate of Singapore University of Technology and Design. With access to his dorm’s free electricity, he thought, “Why don’t I just give [mining] a try.”

Free electricity and massive amounts of heat

By Mark’s estimation, four of the other 35 residents on his floor also have homegrown rigs. Unlike his setup, most just use a single desktop with one or two graphics cards.

None of them really know what MIT’s policy is on their profit-generating activities, so they take precautions to avoid getting caught. “I have a lot of experience with exactly what outlets in my room can pull what amounts of current before I trip the breaker,” Mark says. He knows it trips if he ever overclocks any one of his computers by running its CPU at a faster speed than it was designed for. That causes his entire operation to shut down, which could draw the scrutiny of the university’s facilities department. (MIT did not respond to request for comment.)

 “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.”

 So far, everyone on Mark’s floor has flown under the radar. MIT monitors electricity use by building rather than by individual, and the miners almost certainly don’t pull enough power to make their dorm’s electricity use look anomalous. All of the other miners I spoke to had similar experiences; their universities raised no objections—either out of ignorance or apathy. 1 (SUTD and Stanford did not respond to requests for comment. Babson College said it didn’t “have anything to add on this subject.”)

Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”

What dorm miners don’t pay for in electricity, they pay for in discomfort. Even without the radiator running in the middle of a Boston winter, the temperature in Mark’s room is well above desirable. His rig is “essentially a 2,000-watt heater running at all times,” Mark says. “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.” This is even after he moved his two most efficient mining rigs to his girlfriend’s room three floors below because the heat in the summer was unbearable.

Other miners described how they handled the massive amounts of heat—and what their significant others and roommates put up with. Rahul, a Stanford class of 2015 electrical engineer, drew his girlfriend’s ire for his rig. “It was very loud and blew a lot of hot air. My girlfriend was very upset that it had to be on at night,” he laughs.

When Nicholas Abouzeid, a senior at Babson College in Wellesley, Massachusetts, began mining from home in high school, he ran the software off his Macbook Pro and kept his bedroom window open to regulate his laptop’s temperature. “It would get to 35 degrees in my room, and I was shivering in bed, but my computer was very happy,” he says. A few months before leaving for college, when he built his own computer to mine crypto more efficiently, he surrounded it with fans to disperse the heat.

Patrick Cines, a recent college graduate who mined in his dorm room at Penn State University in State College, Pennsylvania, was particularly innovative. To regulate his room’s temperature in the August heat without air conditioning, he hacked together a ventilation solution out of Home Depot dryer tubes. “The ones that people usually connect to their dryers in their houses to put out all the heat,” he explains.

Fast gains and faster losses

In the fast-paced, unregulated world of crypto, a fortune gained one day can be quickly lost the next, not just because of the market’s high volatility. Lack of regulation increases susceptibility to fraud and security breaches.

On Dec. 6 last year, for example, hackers penetrated NiceHash, the platform that introduced Mark to mining, and whisked away 4,736.42 bitcoin, worth more than $60 million based on the day-of price. Mark had returned to NiceHash after mining ether, but fortunately only lost roughly $300 of unpaid bitcoin. He immediately switched to using a different cryptomining marketplace. NiceHash froze its operations for two weeks.

 “I got burned.”

 While Mark’s encounter with bad actors left him relatively unscathed, Rahul, the Stanford graduate, suffered a much greater loss. In December, 2013, he spent a couple thousand dollars on an ASIC to mine bitcoin. Within the first three months, he mined what was at the time worth $10,000, he says. (According to CoinDesk, the price of bitcoin during that time averaged around $800.) Confident that the price would rise, he purchased another $10,000 of bitcoin with his own money and placed all of his holdings on Mt. Gox, then the largest and most trusted bitcoin exchange in the world.

In February of 2014, Mt. Gox got hacked and lost 740,000 bitcoins. The Japanese exchange declared bankruptcy and Rahul lost every penny. Despite joining the subsequent class action lawsuit, he told me he still hasn’t seen any of his investment returned.

“Our BTC, plus the additional investments we made, would have been worth well over six figures at today’s prices,” he says. “I got burned.”

Ahead of the curve

Though dorm room mining may seem trivial, it’s creating a new generation of cryptocurrency experts. Many miners say their experiences taught them crucial lessons about the technology, and some have already substantially profited as well.

Abouzeid at Babson, for example, was introduced to crypto in December 2013 while he was still a junior in high school. His friend showed him the lighthearted, meme-obsessed subreddit for dogecoin, a new bitcoin alternative, named after the viral doge meme. “I was like, ‘Oh this is fun and kind of silly. I’ll buy in,'” he says.

He began dabbling with mining doge (the dogecoin unit of currency) on his Macbook Pro. In January 2014, the subreddit pooled together $30,000, or 26.5 million doge, to send the Jamaican bobsled team to the Sochi Winter Olympics. Two months later, it pooled together $55,000, over 100 million doge, to sponsor a driver in the NASCAR Sprint Cup Series race. Both stunts made Abouzeid realize the power of crypto.

 “Now I can look back and go, ‘Wow look, I know more about bitcoin than most people!'”

 Invigorated, he dug into understanding bitcoin and built his first specialized mining computer at home. “It ran for three months until my mother got our electricity bill,” he says. Once he arrived at Babson, the university’s free electricity gave him unfettered freedom to dive deep into the crypto world.

“I don’t know if I could justify my interest in it initially,” he says. “Of course now I can look back and go, ‘Wow look, I know more about bitcoin than most people! This is totally a good investment.’ But at first it was just fun.” The experience has inspired him to work in the industry in the future.

Akash Nath, a class of 2016 Boston University graduate, began a bitcoin derivatives trading platform called Alt-Options with a few other classmates several months after he began mining in his dorm room as a sophomore. He and the other founders sold the company for an undisclosed amount in April 2016, earning a neat return before even graduating from college. “It worked out pretty nicely,” he says.

Now 23, Nath runs a company unrelated to crypto, but maintains his network in the crypto and blockchain community. If he returns to the crypto world, he plans to educate new users. There are “very few clear resources to properly direct and educate newcomers,” he says.

An impending revolution

No one yet fully understands how cryptocurrencies will change how we transact business with one another, but many experts predict they will spark a revolution. That thinking was reflected in 2017 when bitcoin’s price rose 1,000%, yet still fell short of the top 10 cryptocurrency gainers of the year; when Estonia announced that it would pursue plans to launch a crypto-token, making it the first country to do so; and when major Japanese and South Korean banks began trialing blockchain-based payments (paywall).

“I fundamentally believe that blockchain technologies are going to improve the world,” says Abouzeid. “I don’t know when, I don’t know how. I don’t know if it’s going to be bitcoin or ethereum or whatever coin is coming up today or tomorrow, but I enjoy it and it’s fun.

“It’s fun to be part of the ride.”

So, literally days after a chance meeting with my new Cryptocurrency friend over coffee...I think I may have figured out the largest passive income generator that has ever been envisioned. Literally!

My new Cryptocurrency Mining friend has pioneered a "machine" that successfully and flawlessly "mines" Cryptocoins...in and out, all day, every day...producing $400 of "coin" value each month. The "machines" can simply be "stacked" or added to and stored in a state-of-the-art data center. My friend has ordered 260,000 chips with which to construct the equal number of "machines" and is in negotiation for acquiring the first 3 mega-data centers at a price tag of $8 million apiece. Do the "math"...he is looking at a "coin" income of some $104 million of "coin" value...every month!

So...what is my angle here. Obviously, my new coffee friend doesn't need my raw ingenuity to make him even more successful...but doesn't he? I am a niche market entrepreneur...creating value out of virtually nothing in place now...but making it so. I immediately saw the "gap" that my friend merely overlooked but was gapingly obvious to me. I would create a "Business to Consumer" model by offering a passive cash flow resource to all of those job-challenged Millenials and "wannapreneurs" that yearned for steady income untouched by job loses or uncontrollable economic shifts.

Asking my friend why literally "everyone" wouldn't want to have one or likely many of his passive cash-generating "machines" for themselves, he simply answered that the cost of acquisition for one or many might simply be out of the range of the "regular joe" desiring to enter the "crypto-mining" phenomenon. I countered with..."What if I could finance these purchases with highly desirable terms such as interest-free for 1-2 year credit lines up to $175,000?" He quickly replied..."By putting the two together, I would have created the "Holy Grail of Passive Income Generation." He then added..."You would become a billionaire overnight."

Smiling like the fabled "Cheshire Cat" of Lewis Carroll's "Alice in Wonderland" I carefully outlined my Plan of Action to my new friend...and hoped-for partner.

I would arrange to buy as many of my friend's crypto coin mining "machines" at the best possible price, creating an offer of the "ultimate passive income generator" to consumers, complete with unbeatable unsecured financing in order to effect their desired monthly income. At $400 per month, 12 "machines" could generate nearly $5000 in net monthly income. These 12 "machines" would cost the consumer $60,000 at $5,000 per unit.

My Entrepreneur Credit Card would offer the funding to virtually anyone with the requisite credit of a 700 FICO score threshold. See www.entcreditcard.com/imagine. The unbeatable terms of 12-21 months interest-free credit line with 1%-2% monthly principal repayment (meaning once paid, available immediately) effectively met...."free" money to invest for 1-2 years. The money earned from the passive investment return equated to a 100% ROI...the first year and literally an infinite return every more. One year's earning paid off the entire investment at zero cost...with the credit line intact and available to re-invest and double...literally every year thence.

For those individuals whose FICO score simply didn't qualify for my Entrepreneur Credit Card funding out the gate...my new innovation of "repairing and enhancing" one's credit would have you ready to apply and receive the investment funding within 60 days or so. Each applicant would simply go through our new Program at www.entcredit.com.

The prototype of the "machine" has been vetted and proven. My financing vehicle has funded over $250,000,000 in the last 1 1/2 years. The Program of "Repairing and Enhancing" one's damaged credit is valid and provable. An Agreement between my new friend and me is in process, the website and collateral material being prepared and 11 eager "early adopters" are going through the application process of being qualified as we speak.

Everyone needs money. Passive Income is the generally unfilled mantra of everyone. I figured it out. Let's see how things manifest.

Want your own piece of the "American Dream?" Reach out to me at peter@entcreditcard.com and see for yourself. :)

See www.peterjburns3.com to learn about Peter J. Burns, III and his 4 decade-long "Adventures in Capitalism."

 

*** Earnings Disclaimer:

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence  AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Posted on April 23, 2018 .

The "Holy Grail" of Passive Income Generation Revealed....

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This is a story about the "birth" of perhaps the greatest opportunity of establishing financial self-determination that I have seen in the last 42 years of my journey in entrepreneurship.

I live in the Southern California paradise of La Jolla. Each day I "work" at my favorite coffee bistro, where I meet interesting new people who are gathered around me on the outside patio of this beautiful establishment.

(see my blog below about this perfect "entrepreneurial work spot.")

https://www.linkedin.com/pulse/work-where-heart-peter-burns/

A year ago last December, I started a very powerful FinTech product that I named the "Entrepreneur Credit Card." This unique start-up financing vehicle and its initial (and subsequent success) are covered in the blog below:

https://www.linkedin.com/pulse/1000000-unsecured-funding-approved-from-entrepreneurs-peter-burns/

We were able to help many individuals ($2 Million or so) with their start-up and expansion capital needs and our Underwriter has provided over $250 million in only 1 1/2 years since this product has been offered to consumers. While the process of obtaining this debt capital is efficient (www.entcreditcard.com/imagine), alas, many applicants are turned down simply because their credit has been "dinged" and their "all important" FICO score (main determinant of funding acceptance) is too low for approval.

I was determined to change the odds for those people who were turned down before and the ones that needed our funding but were unable to qualify. So...I put this venture together and launched it last week...

https://www.linkedin.com/pulse/second-bite-apple-consumers-peter-burns/

I got my start at the McIntire School of Business at the University of Virginia in one of this country's 1st courses in entrepreneurship in 1977. After turning my business plan (my only "A" in college!) into my 1st "official" business of renting mopeds on Nantucket Island that summer. Thus, I started my lifelong career in entrepreneurship, leaving the University after returning the remainder of my US Army ROTC Scholarship to the "Alternate" and expanded my 1st rental business across the world to 100 locations. I returned to my "academic roots" at UVa to guest lecture at my professor's "Entrepreneurship" class for the next 10 years until my professor retired. I was "hooked" with wanting to teach my own brand of "real life entrepreneurship."

Gratefully, I received that chance when I began teaching "Ready, Fire, Aim" at ASU's Barrett Honors College as an Adjunct Faculty Member. The first class of 19 brilliant young Honors College students that first semester morphed into 94 students by the second semester, The entire program then was moved to Grand Canyon University where I founded the country's first accredited College of Entrepreneurship in 2007. 11 years later, I remain as fiercely dedicated to helping young people achieve entrepreneurial success as I did then. See my mission below:

https://www.linkedin.com/pulse/why-i-still-try-help-some-millennials-peter-burns/

Of course, everyone...from the jobless Millenial to the "cubicle dwelling wannapreneur" deserves a piece of the American Dream so I try to hold the course by creating that path to success. See link below:

https://www.linkedin.com/pulse/experiment-capitalism-peter-burns/

After 42 years of creating and launching new ventures, I sense opportunities and act upon them as instinctively as a duck takes to water. I honestly cannot help it. lol

During the past week or so, I saw the same gentleman around my age, reading the paper and talking on his cell across from me at another fire pit on the patio of the coffee bistro that I visit each morning. We exchanged pleasantries and each morning shared a little of what we did and what brought us to La Jolla. This nice man was a "techie," something of which I simply am not. He turned out to be a Cryptocurrency Data Mining Industry Icon...running that Industry's most recognized newsletter following trends and nearly daily news on this esoteric (to me) subject. In a word...I simply didn't "get it." lol

Still...my nature is to inquire and learn, so each morning, the nice man educated me on tidbit after another in "dummy-downed" layman's terms all about Cryptocurrency and its "Mining." My natural inclination is to conjecture a way to monetize new knowledge by assembling seemingly unrelated components and "connecting the dots." The story below shows the "grassroots" strategy of the young entrepreneur starting in the field I was now studying...

The secret lives of students who mine cryptocurrency in their dorm rooms

WRITTEN BY

Karen Hao

January 06, 2018

Mark was a sophomore at MIT in Cambridge, Massachusetts, when he began mining cryptocurrencies more or less by accident.

In November 2016, he stumbled on NiceHash, an online marketplace for individuals to mine cryptocurrency for willing buyers. His desktop computer, boosted with a graphics card, was enough to get started. Thinking he might make some money, Mark, who asked not to use his last name, downloaded the platform’s mining software and began mining for random buyers in exchange for payments in bitcoin. Within a few weeks, he had earned back the $120 cost of his graphics card, as well as enough to buy another for $200.

From using NiceHash, he switched to mining ether, then the most popular bitcoin alternative. To increase his computational power, he scrounged up several unwanted desktop computers from a professor who “seemed to think that they were awful and totally trash.” When equipped with the right graphics cards, the “trash” computers worked fine.

Each time Mark mined enough ether to cover the cost, he bought a new graphics card, trading leftover currency into bitcoin for safekeeping. By March 2017, he was running seven computers, mining ether around the clock from his dorm room. By September his profits totaled one bitcoin—worth roughly $4,500 at the time. Now, four months later, after bitcoin’s wild run and the diversification of his cryptocoin portfolio, Mark estimates he has $20,000 in digital cash. “It just kind of blew up,” he says.

Exploiting a crucial competitive advantage and motivated by profit and a desire to learn the technology, students around the world are launching cryptocurrency mining operations right from their dorm rooms. In a typical mining operation, electricity consumption accounts for the highest fraction of operational costs, which is why the largest bitcoin mines are based in China. But within Mark’s dorm room, MIT foots the bill. That gives him and other student miners the ability to earn higher profit margins than most other individual miners.

In the months since meeting Mark, I’ve interviewed seven other miners from the US, Canada, and Singapore who ran or currently run dorm room cryptomining operations, and I’ve learned of many more who do the same. Initially, almost every student began mining because it was fun, cost-free, and even profitable. As their operations grew, so did their interest in cryptocurrency and in blockchain, the underlying technology. Mining, in other words, was an unexpected gateway into discovering a technology that many predict will dramatically transform our lives.

While it’s impossible to estimate how many dorm room cryptominers exist globally, it’s likely their numbers are growing as cryptocurrency values continue to balloon. Once they graduate, these students are poised to play a critical role in shaping the next technology revolution.

A dorm room operation

Years before meeting Mark, when I was a junior at MIT, I had heard rumors of my peers mining bitcoin. After its value exploded, and along with it, the necessary computational and electrical power to mine it, I assumed that dorm room mining was no longer viable. What I hadn’t considered was the option of mining alternate cryptocurrencies, including ethereum, which can and do thrive as small-scale operations.

When mining for cryptocurrency, computational power, along with low power costs, is king. Miners around the world compete to solve math problems for a chance to earn digital coins. The more computational power you have, the greater your chances of getting returns.

 The more computational power you have, the greater your chances of getting returns.

 To profitably mine bitcoin today, you need an application-specific integrated circuit, or ASIC—specialized hardware designed for bitcoin-mining efficiency. An ASIC can have 100,000 times more computational power than a standard desktop computer equipped with a few graphics cards. But ASICs are expensive—the most productive ones easily cost several thousands of dollars—and they suck power. If bitcoin prices aren’t high enough to earn more revenue than the cost of electricity, the pricey hardware cannot be repurposed for any other function.

In contrast, alternate currencies like ethereum are “ASIC-resistant,” because ASICS designed to mine ether don’t exist. That means ether can be profitably mined with just a personal computer. Rather than rely solely on a computer’s core processor (colloquially called a “CPU”), however, miners pair it with graphics cards (“GPUs”) to increase the available computational power. Whereas CPUs are designed to solve one problem at a time, GPUs are designed to simultaneously solve hundreds. The latter dramatically raises the chances of getting coins.

Most of the dorm room miners I spoke to mined alternative currencies with personal computers and graphics cards. Some used their desktops, while others built their own computers. A few of them even used their laptops. Pretty much everyone already had graphics cards for gaming or other purposes before realizing that they met the hardware requirements for mining.

“It just so happened that at the time I was reading up on mining, I was building a personal computer for purposes of video editing…some AI stuff, and whatever I throw at it,” says Arjun Singh Brar, a recent graduate of Singapore University of Technology and Design. With access to his dorm’s free electricity, he thought, “Why don’t I just give [mining] a try.”

Free electricity and massive amounts of heat

By Mark’s estimation, four of the other 35 residents on his floor also have homegrown rigs. Unlike his setup, most just use a single desktop with one or two graphics cards.

None of them really know what MIT’s policy is on their profit-generating activities, so they take precautions to avoid getting caught. “I have a lot of experience with exactly what outlets in my room can pull what amounts of current before I trip the breaker,” Mark says. He knows it trips if he ever overclocks any one of his computers by running its CPU at a faster speed than it was designed for. That causes his entire operation to shut down, which could draw the scrutiny of the university’s facilities department. (MIT did not respond to request for comment.)

 “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.”

 So far, everyone on Mark’s floor has flown under the radar. MIT monitors electricity use by building rather than by individual, and the miners almost certainly don’t pull enough power to make their dorm’s electricity use look anomalous. All of the other miners I spoke to had similar experiences; their universities raised no objections—either out of ignorance or apathy. 1 (SUTD and Stanford did not respond to requests for comment. Babson College said it didn’t “have anything to add on this subject.”)

Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”

What dorm miners don’t pay for in electricity, they pay for in discomfort. Even without the radiator running in the middle of a Boston winter, the temperature in Mark’s room is well above desirable. His rig is “essentially a 2,000-watt heater running at all times,” Mark says. “All chocolate I accidentally leave here melts, but it’s not horribly uncomfortable.” This is even after he moved his two most efficient mining rigs to his girlfriend’s room three floors below because the heat in the summer was unbearable.

Other miners described how they handled the massive amounts of heat—and what their significant others and roommates put up with. Rahul, a Stanford class of 2015 electrical engineer, drew his girlfriend’s ire for his rig. “It was very loud and blew a lot of hot air. My girlfriend was very upset that it had to be on at night,” he laughs.

When Nicholas Abouzeid, a senior at Babson College in Wellesley, Massachusetts, began mining from home in high school, he ran the software off his Macbook Pro and kept his bedroom window open to regulate his laptop’s temperature. “It would get to 35 degrees in my room, and I was shivering in bed, but my computer was very happy,” he says. A few months before leaving for college, when he built his own computer to mine crypto more efficiently, he surrounded it with fans to disperse the heat.

Patrick Cines, a recent college graduate who mined in his dorm room at Penn State University in State College, Pennsylvania, was particularly innovative. To regulate his room’s temperature in the August heat without air conditioning, he hacked together a ventilation solution out of Home Depot dryer tubes. “The ones that people usually connect to their dryers in their houses to put out all the heat,” he explains.

Fast gains and faster losses

In the fast-paced, unregulated world of crypto, a fortune gained one day can be quickly lost the next, not just because of the market’s high volatility. Lack of regulation increases susceptibility to fraud and security breaches.

On Dec. 6 last year, for example, hackers penetrated NiceHash, the platform that introduced Mark to mining, and whisked away 4,736.42 bitcoin, worth more than $60 million based on the day-of price. Mark had returned to NiceHash after mining ether, but fortunately only lost roughly $300 of unpaid bitcoin. He immediately switched to using a different cryptomining marketplace. NiceHash froze its operations for two weeks.

 “I got burned.”

 While Mark’s encounter with bad actors left him relatively unscathed, Rahul, the Stanford graduate, suffered a much greater loss. In December, 2013, he spent a couple thousand dollars on an ASIC to mine bitcoin. Within the first three months, he mined what was at the time worth $10,000, he says. (According to CoinDesk, the price of bitcoin during that time averaged around $800.) Confident that the price would rise, he purchased another $10,000 of bitcoin with his own money and placed all of his holdings on Mt. Gox, then the largest and most trusted bitcoin exchange in the world.

In February of 2014, Mt. Gox got hacked and lost 740,000 bitcoins. The Japanese exchange declared bankruptcy and Rahul lost every penny. Despite joining the subsequent class action lawsuit, he told me he still hasn’t seen any of his investment returned.

“Our BTC, plus the additional investments we made, would have been worth well over six figures at today’s prices,” he says. “I got burned.”

Ahead of the curve

Though dorm room mining may seem trivial, it’s creating a new generation of cryptocurrency experts. Many miners say their experiences taught them crucial lessons about the technology, and some have already substantially profited as well.

Abouzeid at Babson, for example, was introduced to crypto in December 2013 while he was still a junior in high school. His friend showed him the lighthearted, meme-obsessed subreddit for dogecoin, a new bitcoin alternative, named after the viral doge meme. “I was like, ‘Oh this is fun and kind of silly. I’ll buy in,'” he says.

He began dabbling with mining doge (the dogecoin unit of currency) on his Macbook Pro. In January 2014, the subreddit pooled together $30,000, or 26.5 million doge, to send the Jamaican bobsled team to the Sochi Winter Olympics. Two months later, it pooled together $55,000, over 100 million doge, to sponsor a driver in the NASCAR Sprint Cup Series race. Both stunts made Abouzeid realize the power of crypto.

 “Now I can look back and go, ‘Wow look, I know more about bitcoin than most people!'”

 Invigorated, he dug into understanding bitcoin and built his first specialized mining computer at home. “It ran for three months until my mother got our electricity bill,” he says. Once he arrived at Babson, the university’s free electricity gave him unfettered freedom to dive deep into the crypto world.

“I don’t know if I could justify my interest in it initially,” he says. “Of course now I can look back and go, ‘Wow look, I know more about bitcoin than most people! This is totally a good investment.’ But at first it was just fun.” The experience has inspired him to work in the industry in the future.

Akash Nath, a class of 2016 Boston University graduate, began a bitcoin derivatives trading platform called Alt-Options with a few other classmates several months after he began mining in his dorm room as a sophomore. He and the other founders sold the company for an undisclosed amount in April 2016, earning a neat return before even graduating from college. “It worked out pretty nicely,” he says.

Now 23, Nath runs a company unrelated to crypto, but maintains his network in the crypto and blockchain community. If he returns to the crypto world, he plans to educate new users. There are “very few clear resources to properly direct and educate newcomers,” he says.

An impending revolution

No one yet fully understands how cryptocurrencies will change how we transact business with one another, but many experts predict they will spark a revolution. That thinking was reflected in 2017 when bitcoin’s price rose 1,000%, yet still fell short of the top 10 cryptocurrency gainers of the year; when Estonia announced that it would pursue plans to launch a crypto-token, making it the first country to do so; and when major Japanese and South Korean banks began trialing blockchain-based payments (paywall).

“I fundamentally believe that blockchain technologies are going to improve the world,” says Abouzeid. “I don’t know when, I don’t know how. I don’t know if it’s going to be bitcoin or ethereum or whatever coin is coming up today or tomorrow, but I enjoy it and it’s fun.

“It’s fun to be part of the ride.”

So, literally days after a chance meeting with my new Cryptocurrency friend over coffee...I think I may have figured out the largest passive income generator that has ever been envisioned. Literally!

My new Cryptocurrency Mining friend has pioneered a "machine" that successfully and flawlessly "mines" Cryptocoins...in and out, all day, every day...producing $400 of "coin" value each month. The "machines" can simply be "stacked" or added to and stored in a state-of-the-art data center. My friend has ordered 260,000 chips with which to construct the equal number of "machines" and is in negotiation for acquiring the first 3 mega-data centers at a price tag of $8 million apiece. Do the "math"...he is looking at a "coin" income of some $104 million of "coin" value...every month!

So...what is my angle here. Obviously, my new coffee friend doesn't need my raw ingenuity to make him even more successful...but doesn't he? I am a niche market entrepreneur...creating value out of virtually nothing in place now...but making it so. I immediately saw the "gap" that my friend merely overlooked but was gapingly obvious to me. I would create a "Business to Consumer" model by offering a passive cash flow resource to all of those job-challenged Millenials and "wannapreneurs" that yearned for steady income untouched by job loses or uncontrollable economic shifts.

Asking my friend why literally "everyone" wouldn't want to have one or likely many of his passive cash-generating "machines" for themselves, he simply answered that the cost of acquisition for one or many might simply be out of the range of the "regular joe" desiring to enter the "crypto-mining" phenomenon. I countered with..."What if I could finance these purchases with highly desirable terms such as interest-free for 1-2 year credit lines up to $175,000?" He quickly replied..."By putting the two together, I would have created the "Holy Grail of Passive Income Generation." He then added..."You would become a billionaire overnight."

Smiling like the fabled "Cheshire Cat" of Lewis Carroll's "Alice in Wonderland" I carefully outlined my Plan of Action to my new friend...and hoped-for partner.

I would arrange to buy as many of my friend's crypto coin mining "machines" at the best possible price, creating an offer of the "ultimate passive income generator" to consumers, complete with unbeatable unsecured financing in order to effect their desired monthly income. At $400 per month, 12 "machines" could generate nearly $5000 in net monthly income. These 12 "machines" would cost the consumer $60,000 at $5,000 per unit.

My Entrepreneur Credit Card would offer the funding to virtually anyone with the requisite credit of a 700 FICO score threshold. See www.entcreditcard.com/imagine. The unbeatable terms of 12-21 months interest-free credit line with 1%-2% monthly principal repayment (meaning once paid, available immediately) effectively met...."free" money to invest for 1-2 years. The money earned from the passive investment return equated to a 100% ROI...the first year and literally an infinite return every more. One year's earning paid off the entire investment at zero cost...with the credit line intact and available to re-invest and double...literally every year thence.

For those individuals whose FICO score simply didn't qualify for my Entrepreneur Credit Card funding out the gate...my new innovation of "repairing and enhancing" one's credit would have you ready to apply and receive the investment funding within 60 days or so. Each applicant would simply go through our new Program at www.entcredit.com.

The prototype of the "machine" has been vetted and proven. My financing vehicle has funded over $250,000,000 in the last 1 1/2 years. The Program of "Repairing and Enhancing" one's damaged credit is valid and provable. An Agreement between my new friend and me is in process, the website and collateral material being prepared and 11 eager "early adopters" are going through the application process of being qualified as we speak.

Everyone needs money. Passive Income is the generally unfilled mantra of everyone. I figured it out. Let's see how things manifest.

Want your own piece of the "American Dream?" Reach out to me at peter@entcreditcard.com and see for yourself. :)

See www.peterjburns3.com to learn about Peter J. Burns, III and his 4 decade-long "Adventures in Capitalism."

 

*** Earnings Disclaimer:

While the digital currency market is no exact science, we make every effort to accurately represent the potential earnings one can obtain. It should be noted that earnings and income from our state-of- the-art optimized “Easy Box” (Artificial intelligence  AI)/Rendering/Machine Learning/Data Mining/Crypto-mining) are estimates only and what we believe can be earned. It is not guaranteed that anyone will earn the levels of income stated herewith, and one must accept the risk that the earnings and income may vary per individual.

The results one may acquire can differ based on many variables such as an increases/decreases in the market, number of Easy Boxes, how often the Easy Box is performing its many functions in addition to mining Cryptocurrency, etc. Users have a greater potential to increase their earnings by setting forth additional effort within the Easy.

As with any specialized market, there is no assurance of any past earnings being replicated in the future. In this industry there are risks and we cannot guarantee one’s future results and/or success based on previous outcomes. Of course, there are unknown risks and we cannot foresee which may impact one’s outcomes. We are not responsible for the presence of any risks and one’s actions.

Involvement in the use of our Easy Box and services shall be based on one’s due diligence. It is agreed that we are not liable for any success or failure of one’s involvement that is directly or indirectly related to our Easy Box and/or services and the different Cryptocurrency markets.***

Posted on April 21, 2018 .

Second Bite of the Apple for Consumers

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About a year ago, my partner and I launched the Entrepreneur Credit Card and generated much interest in our combined credit line product offering up to $175,000 in unsecured credit with 0% from 12-21 months. Our Underwriter's State-of-the-Art algorithm, producing a credit decision in 30 seconds (based upon a 121 point analysis of the applicant's 3 combined credit reports) was an industry first. We had a lot of "takers."

www.entcreditcard.com/imagine

Our Fintech product catered to consumers with 700+ FICO scores and we registered many more "Declines" than "Approvals" so we reasoned that there might well be a way to convert many of those "Turn Downs" into "Approvals" if we put together a streamlined plan to make this happen.

Well, we just figured it out and are now offering this new service of repairing one's damaged credit, enhancing one's credit through a unique method and then re-applying for our Entrepreneur Credit Card and getting the unsecured funding you want and need.

www.entcredit.com

The process is simple and to start, you can either apply directly for our Entrepreneurs Credit Card at www.entcreditcard.com/imagine or go directly to our new service at www.entcredit.com if you know you are not at a 700+ FICO Score.

You have nothing to lose and everything to gain...especially if you want a piece of the "American Dream"....your own business.

 

Peter J. Burns III is a serial start-up entrepreneur and you can contact him through his website, www.peterjburns3.com or email him at peter@entcreditcard.com.

Posted on April 15, 2018 .

Art as a Revenue-Producing Investment

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Recently, I became introduced to a lovely young woman, an honest-to-goodness Princess of Persia. She has spent almost her entire life (from age 5) producing many styles of art and has accumulated over 5,000 works of art....never marketing a single one for sale...yet. A mutual friend introduced her to me and I took on the task of partnering up with her in creating a market for her art, as well as introducing a "pet project" of mine in the field which I will outline here in this blog. This is her new website, www.PrincessSamira.com

Last week, I memorialized this art project, a first in that field for me, on the blog below: https://www.linkedin.com/pulse/peter-princess-peter-burns/

The "pet project" I refer to came to me years ago, perhaps 20 years now, in which an artist acquaintance started talking to me about the fact that all artists that produce a painting, sculpture and even a photograph, own the rights to those images, even if they sold that particular piece of art. I understood the value of trademarks, copywrites and even patents (I had 4 patent-pendings on past ventures, myself) but never had I really thought about the "rights" of an artist for the image of his or her work of art. I did spend some time speaking to one of my IP lawyers about the concept of "bundling" the "rights" of an art piece and then "monetizing" it by "selling" those rights or even including them as part of the actual piece of art sale. In effect, this would create a potential revenue-earning component (if successfully marketed) of the piece of art acquired. The terms of the "sale" of these "bundled rights" to the image could even be divvied up between the artist and the art purchaser.

I was intrigued and filed these thoughts away until when and if the opportunity to actualize this potentially enormous innovation would occur. Well...now that I am ostensibly in the "business of art" with my Princess, perhaps it is time to dust off that 20-year-old idea and put it into play. To that point, I am re-visting all of my notes and former preparation on the "bundled rights" deal for art images and implementing them to the benefit of my Princess and me.

Well...back to "work" on this latest project!

Learn what I do at www.peterjburns3.com and I welcome any and all inquiries from fellow entrepreneurs at peter@entcreditcard.com

Posted on April 7, 2018 .

An Experiment in Capitalism

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Every day, I get a couple (and likely more) would-be and even established entrepreneurs looking for start-up or expansion capital. There are additional reach-outs (mostly Linked In) from others who are wanting to explore their ideas with me also. My natural tendency is to help them all. :)

An idea has been forming in the back of my mind on how to create a "system" of taking in and offering new business opportunities, providing access to capital (debt not equity), bringing in seasoned professionals in such fields as.... web design, financial forecasting, business plan writers, graphics artists, supply chain and operational managers. The "blueprint" of setting up a new business with all of these necessary factors put into a "checklist" is adhered to in order to streamline the process.

The key to any successful business is to put someone in charge with a vested interest as well as giving them access to the "key ingredients" to make things happen. It is my belief that 80% of all businesses are the same, with the "unique differentiator" being the industry expert (or experts) brought into the mix.

I like to think that by placing the "would-be" business owner in as the "Project Manager" supported by the professional team that I offer, will give that start-up the best chance of success as well as "hands-on" training for the "wannapreneur."

My goal is to develop a portfolio of new and exciting ventures, placing the "newbie" in as a both a paid contributor and equity-earning participant in the venture I place him or her into. In this way, what I will have achieved is introducing successful new entrepreneurs into the world...expanding the wealth of my partners and my own portfolio.

First, the would-be entrepreneur is introduced to our methodology of repairing and enhancing their credit and when restored to a 700+ FICO score, is pre-qualified for an interest-free credit line from our underwriter. All steps are covered in the newco, www.entcredit.com.

Next, a roster of start-up ideas fleshed out in a simple narrative is offered to the entrepreneur-to-be to determine the interest level and viability for this proposed "match-making." (Examples below)

Next, the steps of putting together the start-up team of experts and assembling the "ingredients" of the new venture follow the blog steps here...https://www.linkedin.com/pulse/baking-cakeentrepreneur-style-peter-burns/

A start-up mentoring program with online and in-person or phone sessions program is installed for each eligible entrepreneur-to-be. This is a program in gestation with one of my colleagues who is partnered with the foremost educator in entrepreneurship in the world with over 80 published books on the subject.

Now, like everything in this world it is not going to be as easy as 1-2-3...I get that. However, since the "mortality" rate of new business start-ups is estimated to be as high 50% (SBA), my goal is to increase the odds dramatically by adhering to the proposed "formula for success" I am proposing in this blog.

One never knows until you try and after all, my motto has always been..."Ready, Fire, Aim."

 

Reach Peter at peter@entcreditcard.com and visit his website at www.peterjburns3.com

Posted on April 7, 2018 .

Another day... another Start-Up!

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In December 2017, my partner and I launched the Entrepreneur Credit Card and we've loaned millions of dollars to people in search of debt capital at favorable rates and only based on one's good credit score. See the simple video about the Program here...www.entcreditcard.com/imagine.

In the aftermath of the Last Great Recession (2007-2009) many individuals had their precious credit dinged or destroyed, causing the cost of credit to be too expensive, if even available, to these once credit-worthy individuals. Many people applied for the Entrepreneur Credit Card and because the threshold for obtaining that funding started at a FICO of 700 +, many people were turned down. It dawned on me that there might be a way to convert the "turn downs" into profits...if I could only think of what the solution would be.

Over the years I have witnessed the proliferation of advertisements for services offering to repair your credit. I never understood the exact process but if what these services delivered actually "repaired and restored" one's good credit, that had great value for a consumer. It stood to reason that this process could help our Entrepreneur Credit Card "turn downs" too. An idea started to germinate...and I needed to find the best performing credit repair services. I quickly researched the credit repair industry and chose the best provider.

Next, with the guidance from several FinTech resources, I learned of the unique service of "credit enhancement." In short, one could increase one's FICO score by being added as an "authorized user" to a seasoned and "blemish free" (100% on-time payments) credit card, installment debt or other credit-bureau- reporting debt. It turns out that one could "rent" another's perfect credit instrument (credit card, installment debt, etc.) and benefit their own credit profile by being named an "authorized user" on those accounts. I started to research the best service providers of "credit enhancement."

Now, I had all "three legs of the stool" for my new idea...a vertically integrated system of (1) repairing one's credit, (2) enhancing that "repaired" credit and (3) then loaning the new 700+ FICO scoring consumer unsecured capital up to $175,000 at zero % for 12-21 months. With affiliate agreements in place from the vetted credit repair/enhancement vendors and my own FinTech capital resource...  www.entcredit.com begins today!

 

Posted on April 4, 2018 .

Does "Genetically-Disposed Entreprepreneurship" Skip Generations?

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The picture above is my esteemed Grandfather, Peter J. Burns and my dear mother at my parents'-to-be Engagement Party 63 years ago! The story of Peter I is remarkable which I have synthesized as an excerpt in my erstwhile (and unfinished) autobiography below:

As I mentioned earlier, I was born in New Jersey and both sides of my family on my mother and father’s were raised there. My mother’s family on her father’s side, had emigrated from Germany in the late 1800’s and anglicized their name from von Brieg to Briegs. Later in life I learned that the von Briegs were from Prussia with a royal lineage of a Herzog (equivalent to a Duke) or two dating back some 900 years. I always knew I was royal! My mother’s mother was from a nice Irish family, referred to as “Lace Curtain” Irish. On my father’s side, his father was of Scottish heritage and my grandmother was pure Irish. Nothing distinguishing in their backgrounds except my grandfather’s uncanny ability to make money…and a lot of it.

 Grandad worked at Sterling Drug for 35 years, always refusing the presidency of the company. He liked to sell and to travel, he said and riding a desk was not his idea of having fun. In later years, we would learn why. My dad and his brother lived a very nice lifestyle. They went to the prestigious prep school at Peddie ("Princeton Prep") and lived in a palatial estate once owned by the original “Godfather” Vito Genovese.

 You see, the Burns and Genovese clans attended the same Catholic parish in Atlantic Highlands, New Jersey. Vito and Grandad knew and liked each other (don’t ask me why) and when Vito had the need to show a legitimate source of cash (for an IRS problem or divorce issue) he came to my dad to buy his estate. Even back in the 50s, Vito’s place, high up on a cliff overlooking the bay, with the main house boasting a living room on the second floor that could hold a couple of hundred people, a dining room whose table sat 100 comfortably, a guest house, what appeared to be sentry towers at the front gate and even an apartment house that served as housing when the Don’s foot soldiers “went to the mattresses,” …..the place was worth millions. Grandad gave Vito his requested $100,000 in cash and that’s how our family bought the Godfather’s mansion.

 In any case, my grandfather accumulated an enormous sum of stock and options in his company and upon retirement, he’d have to exercise those options and sell lots of stock to pay Federal taxes on the gains to the IRS. My grandfather deeply detested the IRS and loathed having to pay the exorbitant taxes on his stock. Then, an opportunity to screw the IRS came up….

 If you can remember, the 70s were tumultuous times with OPEC flexing its muscles and causing gas shortages and long lines in the U.S. As a way to stimulate gas and oil exploration in the U.S., the Feds instituted a program that allowed a 7 to 1 write off for all U.S. taxpayers to invest in U.S. drilled oil and gas projects. Grandad, hoping to screw the IRS, rolled the dice and put every dime of his 35 years of accumulated stock earnings into a wildcat oilman by the name of U.E. "Pat" Patrick. However, instead of screwing the IRS and wiping out any of his gains by a factor of 7, Mr. Patrick actually hit 7 straight wells, making a veritable fortune for my grandfather, some 40 plus years ago. Grandad’s earnings topped $50MM (1970s dollars), and Patrick Petroleum became one of the biggest independent oil companies in the U.S. and actually making it to the big time being listed on the NYSE.

 Now, of course, the money belonged to Grandad but he was nothing if not generous to our family and Uncle Dick’s family and we all received generous gifts all the time. It was kind of understood that Grandad’s millions would trickle down to his seven grandchildren (including yours truly) on a generation-skipping trust, with my dad and uncle receiving a lifetime income…or something along those lines. In this budding capitalist’s little mind, that added up to the nice round sum of $7 million heading my way someday.

 Meanwhile, I continued to think up new business ideas, which were getting bigger and better, letting my future inherited fortune remain somewhere in the background. And stay in the background it did because upon my dear grandmother’s death at the age of 75, having been married to Grandad for 50 years, my grandfather took a cruise to Greece and several weeks later announced to his family that he had made the woman of his dreams an “honest woman” and was now re-married. To say we were all shocked was one of the greater understatements of all time.

To learn more about my remarkably talented and one-of-a-kind grandfather's life, visit www.peterjburns3.com and read the start of my autobiography...which I am less than 1/3 of the way through. lol

In any case, my apparently "inherited" inclination for taking risks and flaunting the traditional path of the privileged background offered me is well outlined in the former blog post called "Pedigree of an Entrepreneur" found on the link below:

https://www.linkedin.com/pulse/pedigree-entrepreneur-20-peter-burns/

So at the age of 61, my entrepreneurial fervor continues and since I settled in La Jolla (2 years now) I have started several ventures like www.lv4less.com, www.hlcostseg.com, www.petjetstravel.com, www.financingdebtandequity.com, www.entcreditcard.com/imagine, www.aviatravelservices.com and exciting new "(ad)ventures" in Vietnam, promoting a Persian Princess's art and launching a new credit repair/enhancement and Consumer Landing Platform.

My two beautiful daughters have taken the traditional route of working after university and married, blessing their mother and me with seven spectacular grandchildren (all age 3 and under-two sets of twins). Keeping to the premise of my blog's title...my twin granddaughters pictured below may just be the ones from their generation to carry on the "Burns Legacy!"

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Posted on April 2, 2018 .

Peter and the Princess

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In my line of work, Entrepreneurial Start-Ups, I come across many interesting people and opportunities. Recently at my morning hang-out in La Jolla, I met a German gentleman, Raho Bornhurst, an online webinar producer of high profile authors moving from the traditional book tour and "live" events to online presentations via webinars. His roster of authors is very impressive and Raho is a bright and engaging fellow.

Learning what I did for a living, Raho was interested to see if I might be of help to his new friend that he had met in a Los Angeles art gallery. Samira Rostamabadi, was a well-respected artist, recently from Iran that had decided to remain in the United States and stake her claim as an "artist businesswoman." She had vast experience in all mediums of art, especially painting and had accumulated 5000 original works of art from working since the tender age of 5years old.

Samira had a remarkable "story" and it piqued my interest to try and help her with her entrepreneurial project. You see, Samira was actually a Royal Princess, the great-granddaughter of one of Persia's last Kings. She was highly educated and actually possesses a Royal bearing, evidenced by her quiet intelligence and poise. Her family had subsidized her life of producing art and Samira became enthralled with the "American Dream" of creating her own business and being financially independent for the first time in her life.

Raho felt that given my 4 decades of business start-ups (www.peterjburns3.com) that I could help the Princess so now.....I am embarking on a journey in the world of art...taking Samira's 5,000 works of art and monetizing them for her new business as well as creating licensing for the images of her select pieces as a lucrative vertical to her new venture. There is even a way to introduce an interesting process of "bundling" the rights to the images of artwork she sells to create a royalty stream for both the purchaser of said art as well as for Samira's new business.

Twenty years ago I was friendly with a talented artist on a personal level and learned that an artist always retained the rights of the images of their works of art, even if that piece was sold. I reasoned that these "rights" could be bundled with the art piece and actually "sold" to the art purchaser so as to create a royalty stream for both the purchaser and the artist selling the piece on an agreed upon and ongoing royalty split. This created the unique opportunity to have the work of art one purchased...to actually become an income producing investment through the selective third-party marketing and licensing of the art work's image. Until now, I did not have sway on an artist to actually try out my "rights bundling" project...but I do now with the Princess... because I am her new business partner. :)

So...add my first art business to the 150 or so start-ups my career as a "Serial Start-Up Entrepreneur" has produced over the past 42 years. Wish me luck!

Peter J. Burns, III can be reached at peter@entcreditcard.com and please visit his website at www.peterjburns3.com.

Posted on April 2, 2018 .

Thirty years later...Vietnam is "Open For Business" with Travel.VN...

VN.jpeg

This week concludes negotiations that started for me 7 months ago on what is likely the largest business transaction in my 42 years of business start-ups. My chance introduction with one of two Vietnamese-American brothers, adopted and raised in the US by a US Army soldier after their family was sadly killed by "friendly fire" during the Tet Offensive, has created perhaps the single largest travel-centric business in history...certainly in the world of grass-roots entrepreneurship.

Specifically, HI-TEC, the bringer of the Internet to Vietnam over 18 years ago is the de facto, Homeland Cyber-Security Agent of the Country of Vietnam....as well as the equivalent of our "Go Daddy" in that country. The Junior Ministers of the Government of Vietnam that the two brothers started working with 18 years ago are now in the highest echelons of Government today...and HI-TEC holds the vaulted position as the exclusive provider of specific travel offerings (with nearly 1 million hotels and 150k airline flights every day) as well as being the exclusive provider of online VISA approvals to Vietnam from 40 countries (12 million per year and growing).

Here's a story about this amazing development...

This is a news story and yours truly even makes a snippet cameo at 5' 17 seconds...

https://www.youtube.com/watch?v=8tfbqkga7Es&app=desktop

Here's the "quick and dirty" on the numbers on this deal...

HI-TEK's Travel.VN is poised to become the #1 Provider of travel to and from Vietnam (12-14 million visitors annually) as well as the largest provider to 72 million in-country travelers within Vietnam each year and....the exclusive provider of VISAs (from 40 countries) to Vietnam in 2019 when the Government has mandated that VISAs are online-only...which was mandated to belong to HI-TEK.

As the one who brokered the deals of HI-TEK (through its Travel.VN site) acquiring the hotel inventory (1 million) and airline booking connection (150k daily flights)...I earned a "seat at the table" with a nice % of each and every travel dollar and VISA dollar earned from an entire country of 100 million for the next 10 years!

I would say that was certainly worth 7 months of working on this deal...wouldn't you?

Posted on March 22, 2018 .

All Charitable Fundraisers and Donors Need to See This Blog...

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I often paraphrase the wise sayings of people I admire and one such saying I reflect on here is JFK's "Of which much is given, much is expected."

Ten years ago, I stumbled upon the niche market of cost segregation and not only used this unique but little-practiced process for my own fee generating purposes but expanded upon it through one of the innovative techniques outlined on the link below:

Cost Segregation For Charitable Giving

Literally, every duly licensed 501c-3 charity can use this powerful technique to raise all of the funds they will ever seek from their existing and future donors that own commercial property...at virtually zero cost and a tremendous benefit to the donor and of course, to the charity itself.

The process of cost segregation is fully explained and the charitable-giving aspect explored on the site www.hlcostseg.com. I am available to further discuss this with any of you interested in either raising money for your charity using this very powerful innovation.

Please feel free to reach out to me at peter@costseg.com.

Peter is a lifelong serial start-up entrepreneur with 150 start-ups since the age of 19. Learn more at www.peterjburns3.com

Posted on March 22, 2018 .

Why I Still Try To Help (Some) Millennials...

Millenials.jpeg

Who hasn't seen the hilarious YouTube depiction of a "Millennial Job Seeker"...an oxymoron if I've ever heard one.

  • https://www.youtube.com/watch?v=Uo0KjdDJr1c
  • Well, I am here to tell you that there really are exceptions to this often depicted typecast. I am a lifelong entrepreneur (www.peterjburns3.com) and start new ventures faster than some people can put on their shoes.
  • In the last 12 years or so, I have been active in the "entrepreneurial education" space, first teaching courses as an Adjunct at the venerable Barret Honors College at ASU. Then, moving the whole Program over to Grand Canyon University, I started the first accredited College of Entrepreneurship at GCU. I even had a stint as a Visiting Entrepreneurship Educator at two top universities in Ethiopia several years ago.
  • file:///C:/Users/Peter%20Burns/Downloads/BH_Dean_Letter_2006%20(1).pdf
  • The sheer brilliance and earnest enthusiasm of these young men and women I taught represented one of the most satisfying times of my 4-decade long career in entrepreneurship. Moving from back East to La Jolla two years ago, I have started no less than 5 new ventures and have actively sought the help of Millennials as my interns in each new venture.
  • Certainly, there have been some missteps along the way of recruiting these bright young people and some even appeared to be the model for the mocking YouTube video I shared...but there are the "jewels" in every batch of new people I interview. I have gotten quite good at picking the winners and I am glad to place my bets on them.
  • The Millennial vertical may appear to be spoiled and entitled but the truth is...they never stood a chance. Their parents sacrificed everything to give their children (Millenials) the best educations and all fell for the falsehood that an expensive education ensured success in the business world. The truth was...the average educational debt of the Millenials I have interviewed was around $50,000 and I have even met young people with $100,000 hanging over their heads as they enter the "real world."
  • Employers really don't care where you went to school, what your GPA was or how many extracurricular activities you stacked your resume with. All the prospective employer wants to know is can you do the job offered, efficiently and for the benefit of his or her business. There are 100-200 applicants (or more) for every decent entry-level job and all you can do is dazzle the interviewer if you ever get to that point.
  • Personally, I look for the struggling young person who didn't have a lot of support getting to where they are. I prefer self-starters who worked during their school years and didn't leach off their parents and go into spiraling student loan debt. I absolutely love would-be entrepreneurs with the dreams to "hire themselves" and will often do whatever I can to mentor them to do just that.
  • My door is open to the would-be success stories out there and I will give them a shot. If you want to connect, reach me through my site at www.peterjburns3.com.
  • JFK once said and I paraphrase here..."Of which much is given, much is expected."
  • I would like to take JFK up on this on behalf of select Millenials.
Posted on March 22, 2018 .

Baking a Cake...Entrepreneur-Style

Cake.jpeg

In the over four decades of business start-ups under my belt, I've seen it all. What holds true for virtually every business is that nearly 80% of the process of starting and operating a new venture is exactly the same...with 20% being the "unique differentiator" ....what separates a tech application enterprise from a pizza delivery business.

 A simple video I recently did for my YouTube Channel describes my utilizing my own particular skill set of "assembling the pieces" of a start-up.

I fare from back East and am domiciled there (The Hamptons) and this past year, I set up another place of residence in Southern California, in the spectacular beach community of La Jolla. Being an entrepreneur, with a laptop, Smartphone, Internet Connection and a Rolodex (I'm dating myself here, lol) that expands to many thousands of invaluable contacts across the world...I can operate from literally anywhere.

Since I landed out West, I've been working with a Team of great partners in a unique niche in the luxury villa vacation space (www.lv4less.com), launched a "re-do" of an old engineering marketing venture that is tailor-made to our new villa venture (www.hlcostseg.com) and partnered up with a very interesting and quite luxurious vertical of flying "pampered pets" by private jets (www.petjetstravel.com).

Along the way, I reached out to assemble my own infrastructure of contract workers like web and graphics designers, lead generation experts, social media mavens and even personal assistants. My reach out through only a couple of local channels yielded an astounding pool of over 350 individuals who wanted to join me. Vetting through the lot was time-consuming but educational and I cherry-picked a handful of super stars. This left a whole lot of perfectly qualified but under-utilized talent out there...a key component of this latest idea I'm exploring in this blog today.

In America, as is the case in much of the world, the strive for achieving "The American Dream" is alive and well. People crave self-determination, a business and future of their very own but the process of entrepreneurship is very, very hard and only a small % of people actually act upon that goal...let alone succeed. I've been at this "game" since the age of 19 and started between 100-150 new ventures. Some ventures paid off, most died a lonely death but a few made me millions and millions of dollars and I will never stop with my mission of starting up new companies. This time, however, I'm going to help others start their own companies and I think I have the winning formula of "baking their entrepreneurial cake" with them. :)

Taking my vast contacts in literally every facet of business start-ups, I've fashioned a plan of action that combines my own litany of start-up ideas with others' plans of business start-ups with my seasoned team of independent service providers (web, graphics, legal, accounting, lead gen, social media) and that often elusive necessity of...actual start-up capital. Mixing all of this together in the exact proportions necessary...I do believe that I can launch (and participate in) any number of new ventures by helping the wannabe entrepreneurs "bake their very own entrepreneurial cake."

As I just mentioned, start-up capital is the "gas in the tank" that all ventures need to make a go of it. Banks have been and always will be completely useless for the start-up entrepreneur...but I don't use banks. Instead, I've cultivated alternate funding resources over the years and one in particular has proven to be extremely useful for my new endeavor.

The NY Times Bestselling Author of "Guerilla Financing" is an old friend and we do a lot of business together. Recently, he has secured funding offers for two of my La Jolla clients, a $30,000,000 line of credit for an exciting entertainment company and a $3 million line for short-term financing for an airline ticketing company. In one of our recent weekly chats, my friend shared a brand new product that is perfectly fashioned for the line up of potential entrepreneurs that knock on my proverbial door literally every day. He has a non-secured credit card product that offers up to $100,000 in affordable money to any brand new start-up candidate with has a FICO score of 700 or slightly more. Period.

The individual can have the idea that he is hell-bent on launching and even if he or she does not have the required 700 + FICO, can bring in a credit partner that does and then we have secured a valid credit repair firm to "up" the score of the entrepreneur through a time-tested methodology over a short 2-3 month window...while the "stand-in" credit partner helps launch the start-up. Once the entrepreneur' score is improved enough to qualify for the card on their own, the "interim" guarantor is released from the original obligation. Simple and clean.

Check out this simple link on the start-up financing opportunity:

 ENTCREDITCARD.COM/imagine

Now, here's where I come in with my seasoned Team of experts...I have a professional business plan writer prepare the narrative summary, research all and prepare financial forecasts of the start-up. I have the web/graphics designers to develop the web site, collateral material and messaging with social media experts that prepare a campaign for the new venture. I have legal and accounting standards put into place, banking relations and contracts prepared. The money from my financier budgets for all of this expert help as well as establishes a base draw for the entrepreneur to be able to afford to commit whatever time he or she needs to wean themselves off the "employment nipple" and engage in their very own business.

In life, it is always a matter of "risk vs. reward." What's the risk here for the erstwhile entrepreneur? Well, that individual has to "have skin in the game" and if they are allowed to borrow the $100k in start-up capital...that is their obligation to repay. Now, whether I decide to come into the deal with my assembled Team is another consideration. At this point in my life I can choose to work on any deal or with any individual that I want to...and I am veryselective with whom I wish to work with. So...if either an entrepreneur's idea and personality are a fit for me or they want to engage in an ownership stake of one of my great ideas...I am willing to consider the opportunity. You can reach me directly at peter@hlcostseg.com.

I came up with this idea only four days ago and so far, I have 9 individuals pre-qualifying for $100k each for start-ups in the following fields:

A portable Cryo technology with significant health benefits accruing from 3 minute sessions at temperatures colder than 150 degrees below freezing. The principals of the business may become two clients and I have their first two franchisees lined up for my financing. The business plan is in process as we speak.

A unique methodology of acquiring 40 year leaseholds on aging boutique hotels in urban areas and tripling the profitability through select improvements and brilliant yield management techniques.

A warm weather "second home: project utilizing modified and upgraded double-wide trailers in upscale trailer parks, selling interests in these trailers to "Sun Birds" on contracts for deeds.

A medical doctor who owns two urgent care facilities and who responded to my concept of creating the first ever mobile urgent care facility, tethered to traditional facilities but creating the entirely new dynamic of going directly to where the clients are....with the portable Urgent Care Facility.

We are only limited by our imagination and commitment to action. Join me if you dare....

Contact me at peter@entcreditcard.com or through my website www.peterjburns3.com

Posted on March 22, 2018 .

Trading Linked-In Cash-Paying Contacts For Your Product & Service

trading linked in....jpeg

I have thousands of Linked-In contacts and like most of us, I'm approached daily with offers of products and services from some of those contacts. Also like most of us, I never actively communicate back to them, let alone actually do business with those looking for my business. This morning, it dawned on me that this is short-sighted and there is mutual-profit potential between virtually every one of our Linked-in contacts. It is simply a matter of looking at things from a different perspective.

In order for each of us to succeed in business, we must sell our product or service to customers that pay us more than it costs to make and sell or product or service. Pretty simple, right? Well, the challenge has always been and will always be...finding new customers who will pay us.

I'm a start-up entrepreneur with any number of new ventures in play at any one time...all of which require cash-paying customers. Therefore, marketing services that produce results are key to each business in order to succeed. To pay for these varied marketing services, I must allocate resources (cash) to those service providers to prepare marketing campaigns with emails, SEO, list creation, FaceBook ads, text messaging, affiliate marketing and a myriad of other verticals to develop leads that ultimately end up with sales. Each day, I am approached with perfectly valid offers to provide such services...but usually my resources don't allow for but a handful of "trial and error" beta tests of these offerings.

The eternal question I have and I'm sure that you all do to is..."How can I afford to market in a meaningful fashion to generate more sales?" Well, perhaps I have a solution for like-minded entrepreneurs...."BUY PRODUCTS AND SERVICES FROM THOSE VETTED VENDORS THAT DELIVER YOU CASH-PAYING CLIENTS."

What does this mean? Take a handful of my own start-up services for example:

www.HLCostSeg.com-a little known engineering function to recapture hereunto unknown tax benefits for all eligible commercial property owners that are profitable, U.S.tax paying individuals or companies (LLC, Sub-Chapter S). Only 5% of those eligible commercial property owners take advantage of this 20 year old Tax Code Statute and my company makes its money from shared fees with select Cost Segregation Engineers that I bring business to. Bring me a client in which I make a profit and I will purchase the equivalent products or services from you that I need. Quid pro quo.

www.HLVillas.com-the first and only 30% discounted luxury villa rental business with nearly 1000 spectacular properties around the world needs a steady flow of new clients. These are unpublished prices only available to our "Closed User Group." Due to the unique methodology of acquiring blocks of these villas' unused time, even after discounting 30%, this company receives a healthy net. Send me luxury travelers that rent our villas and I will buy your goods for the equivalent net.

www.EntCreditCard.com-is the best available source of up to $100k in unsecured capital for start-ups and expanding businesses. A very good description is on the link here: www.EntCreditCard.com/imagine. For each Entrepreneurs Credit Card issued, the underwriter pays us a healthy commission. Everyone needs money, our offering approves you for a range of credit in only 30 seconds. Send me clients and I will buy your own products or services for what I earn.

So that's it...I'm going to try this with the next acceptable service providers that approach me for my business.

Quid Pro Quo!

Posted on March 22, 2018 .

Cross-Marketing for two of our own Start-Ups...

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Two years in beta testing allows us now to do a "reach out" to luxury travelers who want to travel the world staying in any of 600,000 hotels and our nearly 1000 multi-million dollar villas for 20%-50% off the best Internet Rate...every day.

You may access our feed at www.entcreditcard.com/travel with your own access code through me: PeterVIP. Check it out...the savings are very big and very real.

The second start-up, just out of Beta Testing has generated $1.5 million in approved Entrepreneurs Credit Cards and yielded $75k in gross profits to us. I want to scale this unique and timely product and you can see the latest info on the link below:

 https://entcreditcard.com/imagine/

My Plan for Cross-Marketing between these two services goes something like this....

Apply for our Entrepreneurs Credit Card to see how much you are eligible to be funded in 30 seconds. Receive free access to our hotel and villa feed with 20%-50% off the best rates on the Net for simply applying on our link below:

 https://entcreditcard.com/imagine/

Any thoughts, advice and any ideas to help me with this concept, Marketing Geniuses out there?

From one entrepreneur to others...thank you!

Posted on March 22, 2018 .

Monetizing your own "Closed User Group"​

monetizing your own....jpeg

In the world of entrepreneurship, one is only limited by one's imagination. As I often point out, I am a "serial start-up entrepreneur" but as an actual operator...not-so-much. What I love to do and am actually pretty good at, is envisioning "for profit" opportunities and connecting-the-dots to make things happen.

One of my current ventures, in a unique vertical of of luxury vacation villas, is on the cusp of some pretty high velocity growth...thanks in part to the rapidly heating up of roll ups in the vacation rental space. In the past week alone we've all read the headlines of AirBNB acquiring the largest luxury vacation rental operator, luxury retreats and just today, I learned of Travel Keys' acquisition by Accor Hotels.

As part of our own luxury villa company's growth strategy, we've partnered up with a large travel aggregator with over 600,000 hotels around the world in inventory. We are currently loading our nearly 1000 multi-million dollar vacation properties into the mix...becoming an exclusive offering to our Marketing Partner's millions of travelers that book over $1.5 billion in annual travel. It is our intention to be able to offer our travel feed, boasting everyday discounts of 20%-50% off the best Internet rates for all of these properties...including our spectacular villas to assorted "closed user groups."

For our purposes, a "closed user group" is an affiliate network of "members" that all belong to a common company or group. Often the Company or Group offers special benefits to their membership...which our Marketing Partner (travel aggregator) currently offers to the employees of over 1000 corporations, as a Human Resources benefit. We now seek our own groups, which can be much smaller than the 100,000 minimum membership required to participate in our Marketing Partner's network. Each smaller "closed user group" that we bring in can fit under our own relationship with our travel aggregator partnership agreement.

The thought process of bringing in numbers of our own "closed user groups" offering this extraordinary travel benefit that is passed on to their own membership, stimulated me to think of another rather interesting extension to this... Taking one's list of Linked-In "contacts," doesn't each and every one of us actually have our very own "closed user group" of sorts?

If so, this can open each of us with our own collection of thousands of Linked-In contacts... some pretty interesting opportunities of our own. To wit: what business owner wouldn't want to reap the benefit of traveling for 20%-50% less than they could achieve on their own and why not offer this benefit to their own employees? While at this time we can offer this travel benefit for free to our contacts, there will be a time in the not-so-distant-future, that a "for profit" incentive may be offered to our "partners." If interested in discussing how we may be able to benefit you, your company and your contacts' companies...simply drop me a line at peter@EntCreditCard.com and we will speak to this.

https://entcreditcard.com/need-100000-to-start-or-grow-your-business/

Yet another opportunity to offer to my own network of thousands of Linked-In contacts and then expand through those contact's own Linked-In networks is the offer of another start-up I just came up with these past couple of months...the Entrepreneurs Credit Card. which of us intrepid business owners couldn't use up to $100,000 in working capital...all from just accessing the link www.EntCreditCard.com/grow? In this particular instance, literally every one of my several thousand contacts is both eligible themselves for the $100k line of credit (6 months interest free) and there actually is a for profit incentive for successful referrals for the Card product. If either you or any of your contacts need unsecured working capital by clicking a link and in 30 seconds learning if you're approved and for how much ($25k-$100k)...reach out to me at peter@EntCreditCard.com and we can chat.

So...that's only a couple of ways how I can "monetize" my own Linked in contacts with two of my own start-ups. How might you creatively "monetize" your own networks?

Food for thought...and profit!

Posted on March 22, 2018 .

Start-Ups Need Marketing Partnerships

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As has been the case for my decades-long career in entrepreneurship...I have only focused on the start-up phase of new ideas. I take it from inception to proof -of-concept and then move on. At this moment in time, I have engineered a handful of new start-ups and am looking for Marketing Partners for each.

The most recent of these ventures is the Entrepreneurs Credit Card Program, which was launched a mere 60 days ago. The Card may well become the best resource devised to assist the newly minted entrepreneurial idea or the quickest, most affordable expansion capital for the existing business today. It comes with an up to $100,000 credit line and we have produced well over $1 million in approvals as "proof of concept" to date.

With a small cadre of seasoned Marketing partners, especially in the FinTech world, it is my belief that this product will find ready acceptance in any number of verticals and expand exponentially. The "bounty" is very generous and in this revitalized climate of entrepreneurial fervor, the time is right for our offering.

http://entcreditcard.com/

UPDATE-3/2/17

My partner and I produced a little video (for $50) attached to my url and I posted it on my Linked In last night. An attorney friend saw it, wrote me to ask if I thought it would work for his client that needed $50k, I sent him the link, the client applied and was instantly approved for $50k-$75k by our underwriter.

https://entcreditcard.com/need-100000-to-start-or-grow-your-business/

Our gross commissions from the underwriter are betweeen $2500-$3750, payable upon acceptance and receipt of funding in around 4 weeks from the approval.

Now...that's what I call a great ROI!

What I am looking for are Marketing Gurus to partner up with us for a nice share of our commissions for successfully funded applications. It is a seamless process, an approval decision and the amount qualified for is often available 30 seconds after pressing the application button and the underwriter takes it from there.

Here's my offer right now...generate applicants to apply to my link and you will earn 25% of the commissions coming to our company. The average amount approved is $50k, which will net you $625 for simply referring our link. We can track any campaign with a separate url/CRM which is updated automatically.

 

If interested, reach me at peter@EntCreditCard.com and get your own fabulous ROI. :)

 

Although my original entry into the little known engineering field of cost segregation dates back to 2006, the expansion of marketing brand new sectors of this powerful process makes this a very significant opportunity for the right Marketing Partnerships. This is a totally "Blue Ocean" type of situation with only 5% of eligible commercial property owners taking advantage of the extraordinary cash flow benefits of this 20 year old tax-saving strategy. There are ample commission-able earnings to share with the right Marketing Partners.

www.hlcostseg.com

Who would ever guess that there is a select, yet thriving market of arranging private aviation transport for our pampered pets, with significant earnings possible for those Marketing Partners that bring in this business?

Access to those clients who forsake commercial aviation when traveling with their beloved pets, organizations that host show pets in events around the world are examples of possible clientele for this unique niche business. The "tickets" are high, as are the earnings potential for the Marketing Partners involved.

www.petjetstravel.com

If you represent any type of marketing "tools of the trade" and are interested in discussing the possibilities of taking on one (or more) of these projects as a Marketing Partner, please reach out to me at: peter@hlcostseg.com

Posted on March 22, 2018 .

Being an Entrepreneur is all about being Creative...

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As I did before, by coming up with unique uses for a little known engineering process, which returns hundreds of thousands of dollars in hereunto unknown tax benefits to commercial property owners ( http://hlcostseg.com/alternative-uses-of-cost-segregation/)... I am now doing the same for our unique start-up funding resource of the Entrepreneurs Credit Card Program. https://www.linkedin.com/pulse/quickest-path-start-up-funding-available-offered-peter-burns?trk=prof-post

Specifically, I am coming up with ways to use this new capital resource for anyone with a start-up idea or existing business such as:

If you are an attorney or other professional service provider with Receivables...you can offer our financing to your clients to pay off their bill to you by simply referring them to our Program. We suggest you offer a small discount to your client for paying off their balance by using our 0% (6 months) funding Program. One lawyer I know has $1 mm in Receivables. If only a fraction of his clients took our offer, what would that newly generated cash flow mean to his firm?

As a Consultant or other professional who offers much needed services to the entrepreneur, it is often a challenge securing the initial engagement fees. By offering your client our funding option, you get your required fees and the entrepreneur doesn't disrupt their business's cash flow to pay you by tapping into our funding resource. Our completely online process with instant approval and funding within a couple of weeks, streamlines this effort.

Vendor financing is an entire market that can really use our funding product. How many proposals have you web designers, marketers, lead generation experts and other service providers prepared for clients that simply did not have the available resources to engage your services? You know the answer...only 1 in 20 proposals you put out (my guesstimate) secure a paying customer out the gate. Our funding will radically change that score for you vendors.

Think about it...there are countless ways that our funding product can help both you as the business owner and your clients to pay for your services. We entrepreneurs have to be creative and our new funding tool allows you to be so.

Get in touch and share your thoughts or questions for me at: peter@hlcostseg.com

Posted on March 22, 2018 .

Quickest path to Start-Up funding available to Entrepreneurs...ever offered

the entrepreneurs credit card....jpeg

ENTREPRENEURS (UNSECURED) CREDIT CARD PROGRAM

Funding range up to $100,000

No interest the first 6 to 12 months or more

Charged interest only on the amount you draw down

Pay back principal only 2% per month – 4 years to pay back loan 

Unsecured with no liens on any assets 

No collateral, financials, no tax returns, or income documentation

No business age requirements

No term or prepayment penalties

No restrictions on use of funds 

No Income verification

No application or upfront fees

No location requirements 

Will not hurt your personal credit

Easy to qualify 

Can be used for pre-revenue startup businesses 

Approvals often in less than 60 seconds, funding 1-2 weeks

Available to payback and draw down again for however long you want

Revolving Credit – Every dollar you pay back in principal available for immediate use again

Credit limit can increase as your credit improves

Establish relationships with multiple banks

Builds business credit 

You can use a substitute credit partner

Interest rates usually lower then personal credit cards 

Interest is deductible as a business expense 

Works for churches and non-profits

Start-Ups do not have to give away equity to get financing

Have your own business credit card up to five times the limit of other cards

 

Exact Steps to obtaining your Unsecured Line of Credit. 

We first do a quick analysis of your credit to see how much credit you would qualify for under our funding program. 

Keep in mind, we have many ways to improve your credit to increase your Line of Credit.

Since you will be ordering your own credit report, this process will not hurt your credit in any way. 

The only cost to you is $1.00 to order your credit scores, so have a credit card available. 

Once you have your credit card, go to:

https://apply.sproutfin.com/ecc

Fill out all the requested information.

Don’t worry about the credit card offer on the screen, that will be explained later in the process. 

Click to send in your application. 

Most of the time, the computer will then ask you some security questions to make sure you are who you say you are. 

After answering those questions wait a few minutes as the computer processes your application.

You should now see the results which will show you a range of credit you can receive under our program. 

In your email box is an email with the subject: Entrepreneur Capital Corporation. Open the email and you will find 3 attachments showing you the details of the offer: 

Pre-Approval Letter

Condition Letter

Funding Options

Within 24 hours you will be called by one of our underwriters to discuss the offer, answer your questions, and explain steps to funding. 

You can call me at any time in the process to answer any questions you may have. I will also receive a copy of the email you received.  

Bruce Blechman, CEO

Entrepreneur Capital Corporation

619-756-6386

bruceblechman@msn.com

Posted on March 22, 2018 .