GENERATION ZYZ — Are You Ready to Start Your Own Busness? The 4 Keys Questions You Must Ask

Are You Ready To Start Your Own Business? The 4 Key Questions You Must Ask

How can you make sure that you are among the winners rather than the losers in this high stakes game? The answer is inside of you. You must ask yourself four key questions to determine whether your own small business will survive and thrive.

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Every year millions of people answer “Yes” to that question and every year that answer costs many of them money, time, confidence, and heartbreak. The Small Business Administration estimates there are 580,900 new small businesses opening each year and that number does not include the small one-person entrepreneurships that pop up every day.

However even if you are your business’s sole employee then there is still something to be learned from the SBA’s numbers.

According to the SBA, two-thirds of new businesses survive at least two years and 44 percent survive at least four years. Two of the key factors in the businesses survival and ability to thrive: the owner’s education level and the owner’s reason for starting the firm in the first place.

How can you make sure that you are among the winners rather than the losers in this high stakes game? The answer is inside of you. You must ask yourself four key questions to determine whether your own small business will survive and thrive.

A SIMPLE BUSINESS YOU CAN START IN A FEW HOURS ONLINE
1. Are You Ready

Have you mentally prepared yourself for the switch from employee (or student or whatever label fits you currently) to boss. You are going to be the one making decisions now about everything from office products to product line.

This total control is one of the driving forces behind many people who take the plunge into starting their ownbusiness but it is also one of the elements that drives new entreprenurs crazy. When you start out there is an endless list of decisions that need to be made and new questions crop up every day.

Even more important you will need to remember that in a small business you will wear many hats. Even if you manage to start out with one or more employees you will each fulfill more than one role in your new business.

And if you are running a one-man or one-woman show then you serve in every capacity from file clerk to maintenance crew to salesman to CEO. Can you handle switching from task to task and role to role like that? Are you willing to make those switches?

Similarly, have you prepared your family and friends for this switch in attitude. Your life is going to change — probably pretty drastically — and that change can have a positive or negative impact on your family life and social interactions. It will make things much easier if your friends and family are supportive going into the process.

2. Where Is Your Niche?

Have you identified your niche yet? One of the reasons many businesses fail is that they fail to focus on a target audience. Yes if you are a major discount chain then you can sell everything from peanuts to wallpaper but this type of business requires vast resources that just aren’t available to the small business. Continue reading “GENERATION ZYZ — Are You Ready to Start Your Own Busness? The 4 Keys Questions You Must Ask”

BUILDING MULTI-STREAMS OF INCOME SUCCESSFULLY

Your Internet Business: How to Succeed Where Others Fail

When you know what to look for, it’s not difficult to separate the best Internet business opportunities from the dregs.

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If you’re in the market for a business opportunity, the chances are good that you’ve explored a variety of ways to make money online and work from home. In truth, there are so many Internet business opportunities out there that it’s almost impossible to tell the best from the rest.

And the grim reality is that, while thousands of people launch online businesses in the hope of achieving financial freedom, the majority end up making very little money at all, or worse, paying out more money to their uplines than they’re ever able to recoup.

The good news is that, with the right partnership, you can promote your existing business while multiplying your revenue streams. That way, you don’t have to rely on a single, make-or-break source of income. It’s a bit like planting a garden.

It would never cross your mind to plant a single seed in the spring and count on that to feed your family throughout the summer. Instead, you’d plant many varieties of seeds, knowing that one or more will bear fruit as the seasons progress.

The Internet business partner you choose should be one that can provide you the one thing that is the downfall of most work from home opportunities: training. All too often, people who intend to succeed come up against their own limitations and fail to properly market their products.

In our garden analogy, that’s like planting your seeds in a drought – why bother? The company you select should have a proven track record of Internet marketing success, and give you the water spigot and hose you need to tend to your business garden.

So, make sure to look for a company that provides you with training on topics ranging from online and offline marketing to back office functionality and goal setting. They should also be equipped to provide you with tutorials on a wide variety of powerful marketing techniques.

WORK FROM ANYWHERE

After all, there’s stiff competition on the Internet, and in order to successfully compete, you need to know all there is to know about methods such as article marketing, blogging, email marketing, banner advertising, press releases, pay-per-click advertising, and viral marketing – just to name a few.

At the same time, being knowledgeable about Internet marketing doesn’t mean that you need to reinvent the wheel. Instead, look for a business opportunity that provides you with tools like professional lead capture pages, automated follow-up, a sales center, and a secure website. Ideally, they should also provide you with highly sought after products that you can re-sell – items like audios, videos, software, templates, and guides.

This way, you can increase those revenue streams by earning a healthy commission on every sale, and still have the professional infrastructure in place to promote your existing business.

When you know what to look for, it’s not difficult to separate the best Internet business opportunities from the dregs. In no time at all, your seeds will have sprouted, your plants will bloom, and you’ll be reaping a bountiful harvest. Continue reading “BUILDING MULTI-STREAMS OF INCOME SUCCESSFULLY”