Starting a business can allow you to gain freedom in your life and choice in your lifestyle. If you dream of doing work you love, earning more and creating a working environment that meets the needs of you and your family it could be your ideal solution. Here are 15 rules for starting a business:
It has to be a ‘BIG’ idea that you, your team and your customers ‘get’ in one sentence and a matter of seconds.
When determining your price point, aim to provide at least ten times (and more like 1000 times) the value to your customers. Remember value is what your product/service provides to the customer not what it costs to make it.
In the planning phase make sure you have a reason why customers should do business with you and not your competitor. You need to be unique in some way and offer something new to the market.
Ideally get paid before you provide your product or service. And if possible add recurring income to your business model.
Create your new business around your life rather than having your business dictate your life to you. After all, one of the reasons you are starting a business is probably so you have a better life.
Get your idea out there as fast as possible even if it is not quite ready by setting must hit deadlines. Your market will soon tell you if you have a winner or not. If it isn’t a winner then move on and get the next thing out there and try again.
When finding partners and team members, find people who are strong where you are weak so your skills complement each other
Your reputation is always important. Ensure that you honor your obligations and agreements.
Never ever get paid based on number of hours worked. Always get paid on achieving a goal, completing a task or providing a good.
Know from the outset that you will never have a perfect business and you will never be totally ‘done’.
Provide a meaningful guarantee with whatever you are selling. This takes away the risk from your customers and will lead to more sales. If you can’t guarantee what you are providing then maybe you should not be selling it in the first place.
Develop and build your business personality that stands out. People want to buy from people not from corporations. Just look at Steve Jobs and Apple.
Go the opposite direction to where your competitors are headed. You will stand out, have something unique and more than likely have more success. If you want average results do what average people (and competitors do). If you want outstanding results do the opposite of what most people (and companies) are doing.
Make your business fun and also doing business with you fun. If you are not enjoying life and your business then stop and do something else.
Above all, make sure you have a life. Business and making money are important but your …
More often today than ever before, people are realizing the dream of earning a living at home and firing their bosses for good. The internet is making this possible for both savvy business people and new entrepreneurs. The truth is that anyone can make a living on the internet if they have the right information and are willing to work hard now for a payoff in the future. Starting an internet business today is a great way to achieve financial freedom tomorrow.
There are some important rules to follow when starting an internet business and people who know and understand these rules will always do better than those who don’t take the time to learn them before venturing into the land of internet business.
When starting an internet business, especially if it’s a first online venture, the most important thing one can do is to learn from those who have already been a success on the internet. Becoming successful on the internet has required a lot of trial and error for a lot of people, but it doesn’t have to anymore. Many people who have been successful in starting an internet business now help others do the same thing they have done. People who invest in their business by seeking out help are far more likely to succeed faster than those who enter the world on online business blindly.
Another rule to follow when starting an internet business is to set aside time every day to work on your business. This can be difficult for those who work a full-time job and have other obligations, but taking time every day to do something to further an online business will ensure success in the long run.
When starting an internet business, it’s important to understand that patience is key. Things don’t always happen overnight and getting a business off the ground can be hard work. The key is to remember the reasons for starting an internet business in the first place. Keeping those goals in mind will help to keep the online entrepreneur motivated during the start-up process.
Another great rule to follow when starting an online business is to learn from mistakes. Savvy internet marketers and business people learn from their own mistakes, but they also learn from the mistakes of others. Taking the time to learn what’s worked and not worked for other people can save time and money. Investing in an online business by taking courses and reading books is a great way to avoid many of the pitfalls associated with this type of business.
The bottom line is that starting an online business is a great way to make money. Many people have realized their dream of making their own schedule and being their own boss. Anyone can reach this dream with a little bit of hard work and by utilizing the information provided by those who have already done it.…