No Picture
Small Business

5 Businesses to Start From Home in Order for You to Get Rid of Your Job and Have Your Freedom

Are you tired of trying to impress your Boss? Or are you becoming frustrated of not being able to voice out your creative ideas? Have you constantly wondered how it is to be free from all the work related stress that you encounter everyday but are afraid that you might be broke if you lose your job?
Well, worry no more because there is certainly a way for you to enjoy your life without having to worry about things like deadlines and irate bosses. Start your home based business today!
Here are 5 ideas for businesses from home that you could probably try.
Online Shop
With the demand for online shops these days, you won’t have so much difficulty in trying to look for clients. More and more people feel that it is easier for them to do their shopping online simply because it is more convenient for them. This is especially true to those with busy work schedules.
You would only need a reliable internet connection and a little capital for you to start business. You don’t exactly have to sell brand new items; rather, you can buy and sell online. There are a lot of options that you can choose from when you venture into this business to start from home.
Computer Specialist
Being computer literate can take you very far these days too. Like starting an online shop, this type of business venture is brought about by people relying on computers for their convenience. Because of this, any problem or assistance that they may need is very in demand.
Computers are people’s partner in their daily lives and most are busy with their hectic schedules. So being a computer specialist is one of the most in demand home based businesses to run nowadays.
Events Planner
If you are creative and patient enough to plan details, then being an events planner is just the perfect job for you. You can enjoy being in this job while you earn. This is also perfect because most people nowadays love to enjoy parties and events without having to bother about details.
You can read articles or e-learning websites about new ideas that you could probably incorporate into your own business to add originality and variety.
Arts and Crafts
In starting this kind of business, you also will need to invest a little capital and a lot of your creativity. It actually depends on you and your budget planning on how big you want your arts and crafts business. There are a lot of retail shops that you can supply your products or if you can, you can put up your own shop at home where you can display your artworks.
With the increase in the demand to see beauty and creativity these days, you will be able to attract people with your talent while earning the bucks. Isn’t that a fun way to earn?
Family Restaurant
This is also becoming a common business to start from home. Who wouldn’t want to eat good food right? So if you think that you have the best recipes for delicious dishes as well the space to put up a family restaurant, you might probably want to start your own. I know it needs relatively more capital than some other home based businesses; this is also the business where you could earn faster.
Why do you think home based businesses are so attractive to aspiring entrepreneurs these days? Well basically because being in a home based business can free you from all the stress that you can experience from working in a corporate setting. It also allows you more time for yourself because time is more manageable without jeopardizing your capability to earn.
There can be a lot of advantages to starting your own business from home. Stress-free is just one. Your brilliant mind can come up lots of ideas for business to start from home. So start your own business from home today and be your own boss.…

No Picture
Starting A Business

Accounting For New Businesses

Starting a business is an invigorating experience. Taking a new idea and converting it into viable business proposition is exciting as well as demanding. Working out a marketing strategy and selling to the first potential customers contains enough highs and lows to fill your experience bank for a decade. If it wasn’t exciting and challenging we wouldn’t be doing it would we? And especially in the early days when we’re often working long hours for next to nothing.
Probably the only thought we give to money at first is the amount we hope to make! Yet it’s that lack of attention to the detail of the business finances that trips up so many entrepreneurs. If money isn’t controlled, measured and accounted for accurately then even – maybe especially – growing businesses hit the cash flow buffers long before they reach the point of being profitable. So, if you don’t take care over the boring financials and find a good accountant to help you, then your dreams may end up accounting (pun intended) for nothing.
So make sure you think about how to keep your financial records before you start. Ask for advice and set up a system that works in your business, both to enable the VAT returns and annual accounts to be prepared as well as to ensure you can keep a check on the numbers – who owes you money, who needs paying and how much profit you are making. It’s almost always a mistake to leave this until the business has been trading for a while. We are talking about ensuring that crucial information is regularly available so why not have it from the start, particularly as it will cost you more to sort out the mess later on.
If the business is small and likely to remain so then you may be able to run it on a spreadsheet. But beware of just creating one yourself. Any accountant will tell you horror stories of spreadsheets that have been deeply flawed and often dangerously so. If you are going to use a spreadsheet then make sure it has been thoroughly tested and accurate in what it reports. If it’s just a list of entries with no categorization then it will be of limited or no value.
Accounting packages come in all sizes and cost but they all tend to do the same thing. In the end they have to be easy to use (or you won’t) and easily readable by whoever is completing your accounts. Make sure you test it properly before you purchase and get a professional viewpoint on its suitability for your business. There are plenty of good online packages too which are worth checking out.
Good, professional tax and accounting advice at the start of the business ought to be able to save you money initially and set you on the right course with effective systems to provide you with the information you need to know exactly where your business is and to plan where it is going. Find a recommendation, check out different people… but get an accountant! It is a distinct advantage if they speak a comprehensible version of English not just an obscure accounting language. They ought to be keen to suggest solutions not just raise problems and they must be interested in understanding your business.
So enjoy starting your new business, but make sure you are clear about how to count the numbers before you start.…

No Picture
Small Business Ideas

Online Business – Are You Ready to Work From Home? Let’s Get Real If You’ve Never Done This Before

It’s very simple. Let’s just put it this way and I’ll use myself as an example. When I was a little kid, Bruce Lee was the man. With Bruce came a flood of Kung-Fu movies. So guess what I wanted to be? That’s right, Mr Kung-Fu fighter. Being born and raised in the mean streets of the Bronx (New York City) I did have plenty of practice, I also did join a few martial arts schools in my neighborhood. However, most of my fighting skills were learned in the streets and I did get very good with my hands, so I thought.
As I grew older, now an adult, this passion for the martial arts remained deep inside of me. So I joined another local karate school. On Friday evenings we would put on the fighting gear and I would do very well against the other white belts in my class. On one weekend, the Dojo (Karate school) had a special class and a bunch of blacks from New Jersey, upstate New York and Connecticut would visit, train and fight with our Dojo. So my teacher allows me to join this event. All I can say is that it was like getting beat up by every great fighter that you can think of. The bottom line is that I thought that I was going to float like a butterfly, but instead I saw butterflies and stars doing circles around my head. It took me five years of training, hard training, before I could stand up to these men and women.
Question, what belt are you? When it comes down to the internet online business world. How much do you know? The reason I ask this is because many of us come in with unreal expectations. Fueled by the people that are getting us involved in these home based businesses. And you can’t blame them. They’re just doing their jobs. Does a car sales person care about how good you can drive? No, his job is to sell you a car.
So, if you think that just because you can type a million words a minute or that you’re a great sales person. That you’re going to be an overnight success. Wrong, I don’t think so. Because just like me at the Dojo, I had to train long and hard, five, six and even seven days a week. Even though I thought I knew how to fight. I was dead wrong. It took me five years and a whole bunch of lumps to achieved my first degree Black Belt. And that was just the beginning.
Black Belts, Internet Marketing, starting a business it all takes a lot of work, dedication and perseverance to achieve success in whatever it is that you want to do.…

No Picture
Profitability

Starting a Business With a Website – A Practical Outline

This article is meant as a practical outline for starting a web/world based business from someone in the process of doing so. I started to put a merchandising business together about a month ago and assumed that a presence on the internet was a necessity. The first thing I did was to research tax laws and file a DBA (“doing business as”) in the counties clerk’s offices where I anticipated doing “physical” business. The tax laws for an individual doing business “under an assumed (business) name are simpler than the more complicated corporate tax laws. Filing the DBA legally establishes you under the business name chosen. At each step from here you need to ensure compliance with manifold regulations, such as permits and licenses for your activities if you wish to sell things in various venues.
Next, you need to ensure the production of your product. This depends on what you produce. Keep record of all your business related expenditures and income. Do not do this in an electronic database only. Keep hard records!
When you have or are close to having a product, you need a website. You should look up “web hosting services” and compare reviews and rankings from those who have used them. Good customer service is essential with a web host. For a small business, you may want to use a shared server or a “VPS” (virtual private server), which costs a bit more. You need to either build the site yourself with software provided by the host or chosen from the marketplace (varied options) or hire it out. It depends on the scope of your site, but inquire about building it yourself as this can be cost effective and more fun. You will need to configure your e-commerce setup by providing online payment services. You can use Pay Pal, Checks, or Credit Cards as a few possibilities. Credit Card processing generally requires a merchant account with Visa/Mastercard. This can be an involved process. Once you are online, you need to promote your site. While there are tricks to web programming (search engine optimization) that make your site accessible, traditional real-life contact is indispensable where you share your name and website while building a rapport with the customer is just essential to a startup business. I am now at the point of marketing and advertising. Best of luck with your own start-up business.…

No Picture
Profitability

Business Myths

Starting your own business can be an exciting investment. Whether your business is your passion, or just a genius plan that you developed, it is important to know the facts about starting a business before you invest. Many people have misconceptions about what starting a business entails. In order for your business to have a fair shot at success, you should be aware of what to expect. To help clarify things, we’ve compiled a list of myths and facts about opening a small business.
Myth: If all goes well, my business should start turning a profit in 6 months.
Fact: The sad truth is that even successful businesses do not start making a profit until several years after start-up. Because overhead costs for most businesses require large loans or investments that must be paid back, even a booming business will not make a true profit until all the initial start-up costs have been paid off. Typically, a successful business will begin generating pure profit after 2 to 3 years.
Myth: The government gives out special grants to small businesses.
Fact: This is just simply not true. There are no federal grants that go directly to small businesses. The best way to pursue financing your business is by contacting your local Economic Development Corp (EDC) office.
Myth: I can pay myself as much as I want!
Fact: Unfortunately, this isn’t part of the deal. While you theoretically could pocket large sums of money at the beginning, you will most likely only be hurting yourself in the long-run. Most of the money that comes in should be reinvested in the business, or used to pay off expenses. Even if your business has been booming for a decade and all expenses have been paid off, the IRS includes a clause that does not allow a business owner to pay themselves an “unreasonable compensation.”
Myth: My product/service will sell itself.
Fact: This is a very dangerous attitude to have when starting a business. Products do not sell themselves. Marketing is a crucial component to any business’ success, even if your product/service is the best thing to enter the market since sliced bread. Talk with a marketing professional who can assist you with building a website, creating a logo, printing business cards, and spreading the word about your business.
For more information about business law, consult the Texas business attorneys at the law office of Slater, Kennon & Jameson, LLP.…

No Picture
Small Business

Starting an Internet Business: Mistakes and Errors

Starting an internet business can be tricky and as anyone who has become successful online can attest, making mistakes is a part of the process. In order to reach success online, there are going to be some failures along the way. How someone deals with those mistakes and failures is going to determine whether or not they will ultimately reach success in their venture.
One of the biggest mistakes that many people make when starting an internet business is not taking the time to learn everything possible before getting started. Making a living online is much different than making a living in any other way. There are a lot of people who have found a great amount of success when starting an internet business. Learning from those people can help new internet business people to avoid many of the other mistakes associated with online earning.
Another mistake that people make when starting an internet business is to ignore the huge benefits involved in social media. Internet marketers who don’t involve themselves in social media are missing the boat. Social media has taken over the internet – one only has to look at statistics for sites like Facebook and Twitter to understand just how important these types of sites can be to the success of an online business. Taking the time to learn how to leverage sites like this from someone who has already done it is a great idea when starting an internet business.
Not having a comprehensive marketing plan is another error that many people make when starting an online business. Just like in offline businesses, marketing is key to overall success. Online, there are even more websites and businesses that are clamoring for the attention of customers than in the "real" world. Creating a marketing plan that works and sticking to it is crucial in the overall success of any online business.
Giving up too quickly is a huge mistake that people make when starting an internet business. Becoming a success on the internet will take time and it will take some hard work. For most people, it’s fun work but it’s not always easy. Giving up before a business has had a chance to succeed is quite possibly the biggest reason that new businesses fail online.
Failing to get involved in an online community of like-minded people is another common mistake when starting an internet business. No one is an island and making a living online can be a lonely place if there is no one to talk to and get advice from. Smart online business people find a community of like-minded people to talk to, share concerns with, and get advice from. This can make the difference between loving the online world of earning and giving up in frustration.
Starting an internet business isn’t the easiest thing in the world to do. Everyone is going to make some mistakes along the way. How someone chooses to deal with those mistakes will determine their success or failure in the long run. Finding a good mentor and committing to never giving up is the best way to ensure future success.…

No Picture
The Business

The Real Meaning of Entrepreneurship

The official definitions of entrepreneur generally come down to an individual who takes on the initiative and risk of organizing and managing any business. This is a pretty basic description, perhaps better suited to the definition of business owner. Successful entrepreneurs bring something more to the table than the average guy who works for himself. They are innovators, they are independent, and they are willing to live like most people won’t in order to live like most people can’t.
Article directories and business magazines are full of advice for would-be entrepreneurs that doesn’t really fit with that title. Some experts recommend that you outsource all “non-core” tasks related to your business idea. The argument is that you should reserve your efforts for the core operations of the venture and leave all other tasks (accounting, marketing, legal issues, IT) to other professionals to handle. On the surface, this sounds great – you get to do the “fun” part and leave the boring business stuff to someone else.
The problems come when you are faced with critical business decisions – should we expand? Change direction? Are there opportunities to exploit? Threats to counter? If you do not have a solid grasp of every aspect of your business, you will not only have trouble making these decisions, but may not even know the decisions need to be made! There are hundreds (if not more) of horror stories about business owners turning over control of one aspect or another to an outside source, trusting them to do things right, and paying dearly for not taking complete responsibility for every part of their venture. Of course, there is a time and place for outsourcing time-consuming tasks, but a true entrepreneur needs to retain control over how and when the work is done, and have the knowledge and an established procedure for understanding what it all means.
The business of entrepreneurship is business – many of the most successful entrepreneurs will tell you that the product or service you are offering doesn’t matter nearly as much as the fundamental business skills you apply to the venture. The basics of running a business are the same no matter what you sell, who you well it to, or where you are located. Accounting systems must be coherent and accurate in order to tell you where the business has been. The operations procedures must be well-established, consistent, and efficient to ensure the day-to-day is being run correctly. The financial and strategic planning must be based on a balance of knowledge of the past, present, and future of the business as well as fundamental business principles. Whatever field your company is in, you success or failure will all come down to business.
Nearly every definition of entrepreneur includes a reference to risk-taking. Actually, the most successful entrepreneurs avoid risk like the plague. They do so by working hard to learn the details of every aspect of their business, identifying areas of potential risk, and doing everything they can to mitigate that risk. True entrepreneurs are not particularly comfortable with risk. Rather, they thrive on the process of slaying risk as it comes.
Entrepreneurship is more than just working for yourself. It is having the drive to learn all you can, all the time, about whatever it is you do. It is the willingness to think outside the SOPs of your industry to find better, smarter, and faster ways to get the job done. It is about fighting back risk to clear the path to success. Entrepreneurs are in the business of business – they are independent and determined to take control of their own work life and financial future. It’s a tough road, and definitely not for everyone, but the payoff is unmatched.…