There are a large range of choices when you start: start from scratch, buy a franchise, buy an existing business.
Now what about home businesses?
The benefits of starting a home business are many:
– convenient: no commuting, can work in your time and very flexible, wide range of possibilities
– can be done in your own time while you still have a job
– no employees, less compliance and administration
– no expenditures and can be low starting cost (as opposed to expensive franchise or existing business or brick and mortar businesses). Bear in mind though any business requires some form of investment and little things add up quickly
– some can actually provide good income, BUT do not be fooled like any business big income will mean hard work at the start in most cases
some recent stats showed that a decent part of incomes generated by small and micro businesses in Australia is coming from stay at home mums who produce some income to support the family.
– you can become insular and you need to be self motivated. That is not given to everyone and it can be difficult when there is a difficult time to face in the business
– no team environment: harder to learn, to motivate each other, to stay at the top of your game is always harder when on your own
– the scope is not always as big as for some other more traditional businesses where you can delegate and or leverage, but some do well. as usual it has a lot to do with the owner
– most importantly there is a lot of junk out there and people who are not very experienced can burn capital or energy in things that make it more challenging
– a lot of home business opportunities sell dreams and emotions and misconceptions like you will make money while you sleep. Yes that can happen but before it gets to there you’ll need to DO things. Too good to be true is usually right
– difficulty to address some large corporations or markets which do not really like to do business with people in their pyjamas, however internet, virtual offices and so on can cater for that problem
If you want to hear more make sure to visit regularly my posts on my site. I will cover other categories of business depending on comment on my posts to address the most burning topics and questions…
Every new business needs a website, but simply posting a website and waiting for folks to find you doesn’t work. With the millions of websites floating around out there, simply uploading yours without marketing it is like leaving a business card on the moon — if nobody sees it, it might as well not exist.
Thus, it is essential that you incorporate constant marketing of your website into your day-to-day work. There are many free or cheap ways to drive traffic to your site, and the best methods fall under the term search engine optimization, or SEO. These tasks help the major search engines find and catalog your website under the appropriate search terms. Like most other marketing, SEO is only effective if it is an ongoing, consistent part of your overall marketing strategy. New business owners need to take the time to learn the basics, even if you ultimately decide to outsource the actual work.
One of the most critical outcomes of marketing your website is building linkbacks, as search engines place a lot of weight on good linkbacks. Linkbacks are live links to your website on other, reputable websites. Buying linkbacks is usually a waste of money — the link farms that take your money are identified and not counted by the search engines on a regular basis. Good linkbacks come from posting articles, responding to forums and chatboards, having other people love your site and linking to it from their website or blog, and trading links with relevant, appropriate websites. Writing and submitting articles on a regular basis is an excellent way to begin building linkbacks to your site.
Whatever your business is, there are plenty of topics to write article about. Think about what your customers need to know and use article marketing to get that message out. The better article sites will not let you submit pure marketing material (as in, you can’t mention your own company in the body of the article), but your website link can go in the resource box, along with a brief description of what you do.
Article marketing provides excellent linkback opportunities, especially if your articles contain useful information. Consider writing about how to select your particular type of product or service, what to look for and what to avoid. Describe how using a product or service like yours makes your customer’s life easier or better. Write about the features of a particular product. When those ideas are exhausted, dig into your target market research to see what other topics your potential customers are interested write about that.
Article marketing requires a steady, consistent effort. One or two articles aren’t likely to build much momentum, so schedule time to produce new articles on a regular basis. You can cover the same topic multiple times, as long as the final article is not a word-for-word copy of the others. Generally, writing a fresh article about the same topic will turn out different enough. Keep an eye out for new things to write about and keep a list handy to jot down notes as you go. Often, new ideas will pop into your head while you are they will be gone within a few minutes.
Marketing your website is a new necessity for every business, and writing articles is a good way to get exposure for your business while building a foundation of links back to your website.…
In a high tech world where it is virtually possible to survive and run a business over the web without ever leaving your bedroom, does in person, face to face networking still make sense?
Of course some will argue that in person networking is now obsolete and is completely unnecessary. Certainly with social networking and how comfortable people are now with doing business via their mobile devices you could still make great connections purely via the Internet and never have to step foot out of your home. In many ways you could say that it is definitely more cost effective and better time management not to do face to face meetings or attend networking events.
However, in a new business environment dominated by the web and Internet companies it is clear that those who do get out from behind the curtain and embrace real world engagement with other real people can gain a major advantage over the competition. You may have the best prices in world, the coolest outsourcing network set up that allows you to run staff on three different continents, 24 hours a day and the catchiest slogans, but at the end of the day people buy people, not slick websites. If you are the only one out there making a personal connection you could have a major advantage over the competition regardless of price.
You do need to be careful about budget when getting out and doing in person networking. If you aren’t watching the bottom line it is easy to blow a lot of money and time on unprofitable meetings, not to mention gas, fancy restaurants, bar tabs for entertaining and more. However, when people are able to put a face to a name they are much more likely to bite on big ticket sales items, forge new strategic partnerships and sign checks much faster, all which can mean much bigger profit margins and taking your business to the next level much faster than you thought possible.
So, yes in person networking definitely still makes sense in a lot of industries. Be sensible about it, but if you block out even a couple hours a week to attend networking functions at the Chamber of Commerce, put together mastermind luncheons or even hang out with the right crowd you will find it can have a huge positive impact on your business and enable great growth. Worst case scenario, getting out will at least provide a better balance in your life and open the door to new inspiration for fueling your venture to new highs.…
If you’re on the verge of starting a new business venture, then you must have ideas swimming about in your head, just waiting to be taken advantage of. But with too many ideas, and with no distinct place to start, things might go awry. You need a systematic, planned approach when it comes to starting a business, one in which your short term and long term goals are clearly underlined, and will be practical, effective and will work. It’s not as hard as people make it out to be. If you have your business goals planned out, then all you have to do is follow these plans step by step, one at a time. Starting something in a well organized manner always pays off.
Some Guidelines Follow:
– First and foremost comes your table of contents, where every little detail, starting from your mission statement, to the services you provide and the products you sell, the current number of people employed, and information regarding market research, could be organized and set out clearly.
– Attachments and appendix materials are important since your business plans might be reviewed by investors and partners, and can also boost your online business planning strategy. Therefore, it is recommended you collect them.
– What helps more than anything is creating a list of essential points and topics. This will go a long way in lending a sense of oneness to your business plans as well as help create a map of sorts with which it’ll become easy to review or go over everything. And if you’re not certain as to what the exact starting point might be, this becomes all the more useful and effective as organizing things become a snap.
– Assignment of projects and tasks for each section can prove to be extremely helpful, as each point in the to-do list you have made is further broken down into even more accessible and practical steps. This way, it becomes so much more easy to keep a track of everything at every moment.
– Grammar, spelling mistakes might not sound as an important point to consider, but they are. In fact, you would not want first impressions which would have otherwise been perfectly great go awry thanks to some stupid grammar mistakes. This is also the case with errors based on facts. Do a complete check to see if you’ve missed out on anything and to refine the end product and make it suitable.
– An executive summarizing of your small business is a pretty useful step, primarily because your entire plan is shortened and made to read and be understood in an accessible and easy fashion. Later on, if you need to look over your objectives, instead of going through all of them, you could just browse through the summary itself. Basic points and subjects could also be included.
– Sometimes, it helps to have a third person perspective. Your strategies and your plans should be kept strictly confidential, but if you do have a friend or someone trustworthy enough, go ahead and have him or her look over your plans and offer an unbiased viewpoint. He or she might point out certain areas which could be improved. An objective view of everything where all the points are well organized and systematically set out always helps.
Business planning might seem difficult, but in truth it is not. It takes a little effort on your part, but at the end of the day your objective is to list out the basic points in a easy to access manner, so that glancing through it will get your memories jogged instantly. Then, each point could be further broken up for convenience’s sake and soon, your business will turn out a grand success.…
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.…
Wealth does not come without hard work. Put in the time and you will get rewarded significantly. It is true that you can make money online. In this article, we will share tips on making good money online.
Look out for online scams. There are many ways to make money, but there are also scams. Do your homework and look for reviews of anything you’re thinking about trying.
Make a schedule daily for yourself. Making money online is related to your perseverance in doing what you are doing on a regular basis. There is no magic road to riches. You will need to work every day. Carve out a very specific time each day to work. One hour per day could be all it takes.
You can earn money tutoring others. Thus, teaching online is a good way to make money at home. Join a site such as TutorVista or SmartThinking if you feel like you’re an expert on a particular subject. If you succeed, you may get additional opportunities as well.
Use your spare time wisely. There are things you can do for online income that take very little focus. There are small tasks on Mechanical Turk that you can complete easily. You can even do them while you watch TV. Don’t expect to break the bank with this technique, but you can make some of your time online pay off instead of being time completely wasted.
Flipping domain names could be a good business for you. In fact, it could be quite lucrative. It’s a bit like buying real estate on the Internet and requires some investment on your part. Figure out trending keywords by using a site such as Google Adsense. Buy domains which can be acronyms. Look for domain names that may pay off.
It isn’t easy to learn everything you need to know about earning money on the Internet. So start of small, in a few areas and find out what you enjoy doing and what has the most potential. Make friends or even try to find a mentor on trusted sites, so that you can learn from the experts. Always keep an open mind and be willing to learn and you’ll be making money before you know it!
Your income streams should be as diversified as possible. Nothing is a given in the online world. Something you may make money with now might not be there tomorrow. With ample choices in streams of income, you will never be left high and dry. Doing this means that you can fall back on multiple streams of income should one falter alone.
Look up the forex market and the futures market. Review market trends and put that knowledge to work. Don’t stretch your budget too far or spend your earnings too fast if you find early success.
You can become rich in one day, but working hard will help you increase your income. The ideas in this article along with your hard work will help you to have success at making money online. Use this advice to enjoy a successful future!…Read more
People have to trust locksmiths with their dearest possessions. We trust them with our automobiles, homes, and even with loved ones. That’s why hiring a great one is so crucial. The tips in this article will assist you with finding a great locksmith. Keep reading for some key tips.
Cover the locks when you are painting. If you make the mistake of sealing the lock, you will probably need a locksmith. It might take some extra time, but you will lose even more time and money if you end up having to call a locksmith to come fix your locks.
Even if you hope to never use a locksmith, it’s better to be ready. Research before you need one and find someone that you can trust. Keep a locksmith’s phone number in a cell phone or written down so you can call then if the worst happens.
Get a receipt when all of the work is completed. While most of the locksmiths you encounter will be honest, there are those few that try to scam others. So make sure that you have a receipt that says you have paid in full. The receipt should be placed somewhere safe because you may have questions about payments in the future.
If you have doubts about a locksmith’s reputation, research with the BBB. This can help you identify any person trying to scam you. Also, ALOA.org is another great organization that you can check to verify any locksmith you wish to use.
Always ask locksmiths for professional references before hiring. Next, call them! You need to find a trustworthy, quality pro, so start searching today.
During your initial conversation with a locksmith, ask about his experience and how long he has been a locksmith. Check to see if they have operated from a single location the whole time. A quality company has usually been in an area for at least five to ten years.
If you can, try searching online for the locksmith you plan on calling. You can often find websites and forums geared toward reviews in your particular area. When you find reviews, make sure that they are not from the website of a locksmith. Also, be sure check with the Better Business Bureau.
Locksmiths should always have proper certification. Ask them while they’re on a phone and say that you’re expecting someone that’s a professional to identify who they are. A good professional should also be in uniform, but at least make sure an id is involved before you accept services from them.
Get the information on a good locksmith before you need to find one. Waiting for an emergency to call one will really limit your choices. This may leave you in trouble.
Do not hire the first locksmith that you talk to. Weigh a few options before you decide on one. This will give you a wider perspective on what the average rates for services are. You can judge these locksmiths on professionalism and price.
Locks safeguard those things that mean the most to us, so we must be able to trust the locksmiths we use. Use what you learned here to help you find a reputable locksmith. When you think about it, it is only logical.…Read more