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Starting A Business

How To Promote Your Home Based Business On A Shoestring Budget!

Getting customers is the key to success in any business. There are many ways to promote your home based business - the only way to know which ones are best for your business is to test. Here are some tips for getting customers without spending a fortune! 1. Tell everyone you know that you are starting a business AND ask them to tell everyone they know. Word of mouth is a great way to promote your business, especially if your business is local. And best of all, it's FREE! ...

How to Start a Business

Businesses come in all shapes and sizes. Some business owners started as kids, selling lemonade on the side of the street, while other business owners have bloomed later after years of careful planning. Whatever stage of life you're in, owning a business can be one of the most rewarding experiences you'll ever have. Starting a business is not for everyone though. Starting a business requires inspiration, hard work, planning and persistence.

Three Steps Closer To Your Next Job

Job hunting can be stressful ' trawling through the papers, browsing the internet, worrying about the state of your CV - but with just a little thought and planning, you could find yourself closer to your next job. 1. Get some advice If you're buying a house, you get advice; if you're starting a business, you get advice; if you're changing jobs, you just go ahead and do it. Once you've decided that you want a new job, why not take the time to get some advice? Find out w...

To Go Or No Go, That Is The Question

Last week we talked about a few of the ways to test the feasibility of a business idea to help determine if the idea really had merit or just looked good on the surface. To recap, I said don't bet the farm on the opinions of friends and family, consult with knowledgeable business experts, and conduct a SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis. This week let's take it a step further and talk about the creation of a formal Feasibility Plan which will he...

7 Signs of an Entrepreneur

How do you know if you have what it takes to start a business? There's really no way to know for sure. But I do find things in common among the emotional and family fabric of people ready to consider an entrepreneurial venture.

Home Business Might Be Your Next Best Bet In Financial Freedom

The home business industry is expanding continuously and research suggested that revenue generated from home-based business will increase by 17% yearly through the year 2008. One key features of a home base internet business is it requires a VERY LOW INVESTMENT COST but VERY HIGH INVESTMENT RETURNS once it is established and running. Compare with other types of investment like stocks, properties and traditional businesses, if the investment gone badly, you might end up los...

Entrepreneurial Myths: The Truth Behind Them

There are typical barriers that so called friends and advisors, put in your way if you are thinking of starting a business. The barriers to starting a business are built on the back of myths about the pitfalls and challenges which surround running your own business. We take a look at some of these myths and reveal them to be exactly that ' just myths!

Will You Be an Internet Success Story

The internet has completely changed the business world. It has changed the whole concept of how to be successful in a home business. It has also provided the opportunity for many to give up the 9 to 5 world and seek their dream on the internet. Some have made this transition seem easy and others continue to struggle. Have you been thinking about making this change? Do you have what it takes to make this a successful move? Let's take a look at a few of the things that ultimately decide who makes the grade and who goes down with the ship.

5 Lessons Your Kids Will Learn By Starting A Business

Kids need to be kids and enjoy their time as children. But, at the same time, as they get older, they also need to learn to make money and function in our society as responsible adults. Oftentimes, they get a job at a Burger Joint, where they learn how to listen to a boss, and how to work with others, but then they may also have to give up some extracurricular activities, study time and time with family. Not terrible things, but enough of a challenge that many families are...

Writing A Business Plan

Preparing a business plan is the most important part of starting a business. So much rests on the business plan, from financing to suppliers. A business plan shows that you are prepared, educated, and dedicated to your business. A good business plan will define what your business is about, where you expect it to go in the future and how you will get there. The following outline the essentials of a good business plan. 1. Executive Summary - This explains about everything th...

China: Getting Your Business Started

One would surely do everything he can in order to succeed in venturing into the industry of consumer market. The demand seems to never die especially for the necessities. The more choices the consumers have, the better the industry does. So if you want to get a kick start on making a living in the industry of consumer market, stop wasting time and let's get started.

Insurance Matters To A Home Office

The home office is fairly commonplace these days as more people choose to work from home, either telecommuting or starting their own businesses. Several things need to be considered when setting up a home office, not the least being how to insure it. If you are working at home under a telecommuting arrangement with your employer, the risk will be borne either wholly or partially by them. You will need to clarify exactly who is responsible for what before entering into the ...

Making Lemonade: Starting a Business After Ending A Career

A big upset like job loss can provide a shift of perspective-- an opportunity to take stock. What is really important? What do you want to pursue at this point in your life? Is being your own boss the way to go? I spoke with several silverbacks to share their wisdom gleaned from these life changes with a new member of the pack.

Create Your Own Work At Home Job

Securing a work at home job can take a lot of time, patience, and persistence. Unfortunately, by the time most people begin searching for a job to do at home, they are already in a severe financial bind and need to begin earning right away. That's just not realistic with most work at home jobs and businesses. However, it is very possible to begin earning some income almost immediately by using your existing skills and abilities. The first step is to figure out exactly what...

What Kind Of Business Should I Start On The Internet?

If you're interested in starting your own business, then one of the most important questions you want to ask yourself is what kind of business should I start on the Internet? That's because today more than ever before the Internet makes not only starting a business but also running one easier than ever. One type of business you can start on the Internet is selling in online auctions. Selling items through online auctions is one of the hottest occupations there is. It's als...

Accounting

When starting a business, you have to determine the method you are going to use for accounting and paying taxes. The two choices are the cash method and the accrual method.

The “Other” New Year’s Resolution

Since this is my first column of 2004, I thought we'd spend a few minutes talking about those well-intentioned, though seldom kept promises we call New Year's Resolutions. In addition to "This year I will lose weight!" and "This year I will stop smoking!" and the ever popular "This year I will stop watching reality TV!" one of the more common resolutions made by many folks this time of year is "This year I will start my own business!" I call it "The American Dream Res...

Starting A Business: Sole Proprietor Or Corporation?

When starting a business, it is important to consider the potential tax and legal issues. Most people choose a "sole proprietor" as their business type when starting out. Starting your business as a sole proprietor does not require any special paperwork from the IRS. Which is exactly why most people start out this way. Being a sole proprietor means that you and the business are one and the same. According to the IRS: "A sole proprietorship is an unincorporated busi...

Women Entrepreneurs Prove It’s Not Just A Man’s World

I had the honor of speaking this week at a women's business association luncheon on the topic of entrepreneurship. When I mentioned to my wife the day before that I was speaking to group of women entrepreneurs she asked, "Why on earth would they ask you to speak?" In her defense, my dear wife has no idea what I do for a living. She's never read a single one of the several hundred columns I've written. She's never attended a function where I'm speaking or sat in the audienc...

The 12 Most Common Mistakes New Entrepreneurs Make & how to avoid them

A large number of people who start their own business do not realize how much work and time will be involved. They fail to carry out any primary research and as a result become quickly overwhelmed. Perhaps the first question to ask yourself then is whether you are in fact ready to start your own business. Do you have an entrepreneurial mindset? Are you committed to spend all the time you need to succeed? And are you ready to take massive action?

The Biggest Mistakes That People Make When Starting A Home Business…

When you're starting a home business, it's all too easy to make mistakes -- after all, you've never done this before. Fortunately for you, though, you can learn from others' errors, by making sure you don't do any of these things. Thinking Skills You Don't Have Aren't Important. So you have no idea how to keep records and accounts, or you don't know how to maintain a mailing list. You need to learn these things! Too many home business owners just do the things that they...

Business Startups

Starting a new business can be a very exciting time, you are going to be your own boss, decide what and when you do things, manage the purse strings, and in fact you are in control of everything. Are you really in control of the situation though, you have to deal with everything yourself so you have to stay focused on what you want to do and why. All business startups need advice; sometimes they need advice on where to get advice, so the budding entrepreneur has to be able to...

Entrepreneurs – You Might Want To Drop Out Of College

Young entrepreneurs and business owners are often times faced with the choice of which road to take. On one hand, there is the more conservative route of staying in college and getting a degree. On the other hand, many have thriving businesses that are making more money than their degree will ever get for them. Is college simply a hindrance? Or is it a valuable resource that should be continued at all costs. Many college business owners don't even realize they have the choice...

Starting A Business? Be Honest With Yourself For Success

This time of year a great many people are thinking about starting their own business. There is nothing like an exciting business idea to kick off the new year in style. Unfortunately, most of the new businesses we'll see this month won't make it through the next quarter. Why? In most cases the business idea was solid, it just didn't fit the true needs of the owner. To help ensure longevity and success, there are a few things to keep in mind. First, be honest with yourse...

The Chief Cause Of Business Failure And Success

Business rises and falls on leadership. According to business guru, Brian Tracy, 'Leadership is the most important single factor in determining business success or failure in our competitive, turbulent, fast-moving economy.' Still not convinced? Based on a study by Jessie Hagen of the US Bank, here are the main reasons why businesses fail: ' Poor Business Planning ' Poor Financial Planning ' Poor Marketing ' Poor Management Proper application of these key facto...

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