The ideal business for people who enjoy helping others. That is what Robert Kiyosaki has to say in his book Business School. The author makes an excellent case for the network marketing industry and refers to MLM as the business with a heart.
Robert Kiyosaki did not make his millions in network marketing. However he has spent a few years investigating it and has even joined a few companies. He then became friends with several leaders to get to the core fundamentals that he lays out in this book. Namely that the education you attain through network marketing is the highest quality business and personal development education available today.
I have often wondered why so many people that have already created great wealth have decided to become network marketers. The people I’m talking about are professional athletes and CEOs of big corporations. I have even heard the names of a few celebrities from the entertainment business that have started their own businesses this way.
I believe that it is our duty to open people’s minds to the possibilities. This book makes it easy for us to share the educational aspect to all of those that are stuck and feel there is no way out of their job or their debt. I know that I am going to purchase a few copies of this book myself to lend out to others. I think it is the perfect, non-invasive approach to get permission to share my opportunity with people that I know.
This book explains all of the benefits that are usually neglected in the business presentations generated by the various network marketing companies. It is written in an easy to understand language that is a joy to read. It is also a quick read at only 123 pages. It is perfect for lending out on a weekly basis with a built in reason for a follow up.…
Don’t Risk Taking a Nosedive – Factors to Consider When Plunging Into the Home Based Business Market
So, you’re ready to join the ranks of the self-employed and start your own business. You’re tired of corporate instability and employment uncertainty, and you’re ready to control your own financial destiny. Terrific. But wait just a minute, have you really considered some of the critical factors before taking the plunge into the home based business market?
Many eager entrepreneurs, especially those unfortunate souls who have recently (or even not so recently) joined the unemployed, drive into the home based business industry without truly considering whether the decision to start up a new business is a wise decision.
As a result, much time, money and eventually heartache is spent trying to launch and build a business that, with a little preparation and research could have been avoided. So, let’s get started with some basic factors to consider when determining whether should start your own home based business.
First, determine whether the home based business you are considering is legitimate. Home based business scams abound and unfortunately in today’s climate, many individuals fall prey to unscrupulous operators looking to make a quick dollar on the unsuspecting potential business owner.
When evaluating work from home opportunities, try a quick Google search by entering the business type and the word “scam” in the search bar. Generally, reviews for that business or product will appear, which will provide you with a good indication of whether your business opportunity is legitimate. Additionally, perusing online forums are a great way to see what others are saying about various home based business offerings.
Second, make sure that you can truly afford any start-up costs associated with launching your new business. It’s important to understand the start up costs associated with launching and maintaining the business for the first year, and to ensure that you have the funding necessary to weather any slow cycles or seasons. Trying to scrimp and squeeze out the funding to launch, especially if you’re taking from other critical expenses such as your household budget, can place a strain on you both financially and emotionally.
And finally, ask yourself whether you have the basic experience, knowledge and passion necessary for that particular business. It’s oftentimes much more difficult to start a business in an area in which you have little or no experience, knowledge or expertise. And, while it can be done, the most successful home based businesses are those where the owner has some level of understanding about the business opportunity or product offering. Thus, it’s best to try and ensure that your skills match the prospective business.
Remember, regardless of the type of business you ultimately choose, any successful operation will require many hours of your time to manage and work the overall business. Initially, there will likely even be a period of hard work for very little results, as is the case with any new business venture. Therefore, the more passion you have for the business, the more willing you will be to put in the long hours required to build …
While a regular business is usually operated from an office, outside of the home, a home based business, as the name suggests, is essentially operated from the comforts of one’s home.
Most home based businesses have certain features in common, like –
– They are run within the family and primarily by the family members, who retain major share in the business.
– Usually a small operation that is run by one or more persons
– The initial financial outlay is usually very low
For those of you who want to start a business working from the comforts of your home, all you have to do is find an idea that suits your interest, is cost effective, and is lucrative enough to bring in the cash.
Some of the advantages are:
– You’ll save money on setting up a home office by using a spare room in your home
– You’ll save yourself the hassles and expenses of traveling to and from work
– You don’t have to worry about money for lunch
– Great place for those who may be restricted in their movement due to physical disabilities
– For parents who have small children you can work around your children schedule.
A good thought out plan, with adequate research on market demands and proper execution is all that is needed to make a success of your business. In addition, you are your own boss and do not have to worry about corporate layoffs, employee downsizing and pampering the boss’s ego!
Don’t get me wrong, it’s not a walk in the park. Just like any business enterprise, your idea must be viable, well planned, researched, and executed in order to make it successful.
Consider the following:
Just like any business write a business plan. The great thing about a business plan is that it forces you to take a good look at your business idea. It forces you to think it though. In this plan you will have to prepare several fundamental components that will clearly let you know if the idea you’re thinking about is doable or not.
You will have to spend time thinking about what the operational costs, when will the business become profitable, who are your competitors, marketing, sales and how your idea is different from what is already available, etc.
After organizing your business plan take a trip and visit a SCORE center. This is an organization that is run by retired professionals who will look at your ideas and advised you accordingly. And the service is absolutely free.
While making plans for your start-up, spend some time educating yourself on the subject, read, read, and read some more. Take some courses on Entrepreneurship.
Finally, know the products and the services you’ll be offering inside out.
Then move forward with your action plan.
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If you’re currently an employee, chances are at some point in your career you’ve thought about being your own boss! Entrepreneurship is the only way to become the employer, but it’s not for everybody, it takes hard work and dedication!
If you’ve decided to become an entrepreneur, starting a home based business online is the best way to be your own boss! Not only do you get to work from home and set your own schedule, but with the right opportunity you can establish a passive residual income that can have the potential to set you free financially. Before you begin, there are some important basic elements you must evaluate about the business opportunity you choose!
How “young” is the opportunity?
Is the company you choose a start-up? There are some advantages to starting with a company that is in the beginning stages, but you should still make sure they’ve been around long enough to establish a decent track record. Select an opportunity on the ground level, but make sure their growth has been stable for as long as they’ve been in business. Most online home based business opportunities have been around for a while, so be weary of brand new companies.
How will the company stand the test of time?
The long term feasibility of your business is very important. Top home based business opportunities not only adapt to changing times, they actually embrace these changes. With the myriad web 2.0 technologies emerging almost daily, companies capitalize on the internet and make it an integral part of their growth, choosing an online business opportunity is one of the best ways to ensure long term viability. Since the long term growth of your organization is determined by your effort, take the time to chose a company with a product or service that allows for your results to be easily duplicated.
How does the opportunity train its reps?
One of the keys to success in any business is training and support! The majority of people who start a home based business fail in their first year because of a lack of proper training, and a solid duplicable marketing system! The training and support the company has in place is essential to growth, it allows the business owner to learn from and network with top earners and executives. The Network Marketing industry is one of the best choices when starting a home business. Most companies in this industry take advantage of the internet for marketing and training, and focus more on self development, which is another key component to home based business success. It doesn’t matter how great your product or service may be, if you can’t market it you won’t sell it, and without a quality training system in place, getting your business off the ground can prove to be a chore!
How does the product or service stand alone?
When you start a home based business you commit yourself to provide prospective clients with a quality product or service, and …
How to start a small home based business? Many people ask this question every day. In fact more people are going into business for themselves now more than ever before. Read on to find out how to start a small home based business.
The First step is to Brainstorm
Sit down in a quiet area and really think about what you want to do. Ask yourself what are your likes, dislikes, and talents? What do you do well and not so well. What would you like your business to be about? What are your passions?
Now that you have a better understanding of what kind of business you want to start, you are prepared for this journey.
Why do you want to start a business
You have to make sure this is truly what you want to do. what are the reasons for starting your own company. The perks are nice but can you handle the responsibility?
Reasons most people start a business
More control of work hours, to make more money, being your own boss, controlling your destiny. They prefer working from home, the list goes on and on. Be clear about why you want to be your own boss
What kind of company will it be
Now that we have brainstormed some ideas and know why we want to start a company what kind of business do you want to start? Are you good at gardening? You can write how to garden ebook. There are a lot of people who can use your talents whatever they may be.
Write a plan
Your next step is to sit down and write a step by step plan. How can you get anywhere if you don’t have directions to get there? Once you have a detailed plan you will be on your way to financial freedom.…