THE GREATEST GENERATION — ARE YOU READY TO START YOUR OWN BUSINESS? THE 4 KEY 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.FREE ADDITONAL INFORMATION — CLICK NOW

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.

But small businesses dominate the marketplace (creating more than 50 percent of the private gross domestic product last year) by finding a different approach — a niche.

Knowing your niche means you are better able to find, target, and maintain your customers as well as provide the best possible goods and services to that customer base.STARTING A BUSINESS

That focus is one of your best chances to not only survive but to thrive in a very competitive marketplace.

3. What Is Your Plan Of Action?

Another key factor in the survival and ultimate success of your business is how much planning you do before you open your electronic or physical doors. You need to decide if your business will be based on the internet or include more traditional models.

Are you going to work full-time or part-time at your new business? Are you going to hire help or go solo? Have you written (or at least outlined) your business plan? Dreaming, thinking and planning can save you much trouble and waste later when things are hectic and problems strike.

Planning can also help keep you focused and to balance your spending and time.

4. Who Are You Going To Call?

At some point, no matter how experienced a business person you are, you will need help. You will need support, advice, tools, or information — or all of the above. One of the beautiful, and most frightening, aspects of growth is that it can lead you to places you never imagined.

No matter how much planning and experience you bring to your new position as CEO the unexpected will arise. How will you cope with this? It is important to recognize that no business is an island.

It is not failure to seek help. Failure is when your business shuts down because you didn’t get the help you needed. Continue reading “THE GREATEST GENERATION — ARE YOU READY TO START YOUR OWN BUSINESS? THE 4 KEY QUESTIONS YOU MUST ASK —”

MILLINEALS GENERATION — 4 RULES FOR NEW ENTREPRENEURS – PRACTICAL TIPS FOR STARTING RIGHT

4 Rules For New Entrepreneurs – Practical Tips For Starting Right

It’s a great time to be an entrepreneur—in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution. As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly.

You have an advantage over big businesses in that you’re lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.

But being a successful entrepren…CLICK NOW — START AN ONLINE BUSINESS — NO OBLIGATIONS
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It’s a great time to be an entrepreneur—in the last decade, technology has leveled the playing field and propelled an entrepreneurial revolution.

As an entrepreneur, you now have more access to information that enables you to make more intelligent choices more quickly. You have an advantage over big businesses in that you’re lighter, more flexible, and faster on your feet. You can target new markets more quickly, and you can turn on a dime.

But being a successful entrepreneur requires that you look at the big picture and follow a plan through from beginning to end. START A BUSIINESS AND BECOME WEALTHY

Rieva Lesonsky, editor-in-chief of Entrepreneur Magazine gives some practical guidelines that can help you when beginning your own enterprise: Continue reading “MILLINEALS GENERATION — 4 RULES FOR NEW ENTREPRENEURS – PRACTICAL TIPS FOR STARTING RIGHT”

MILLINEALS GENERATION — WHAT IS ENTREPRENEURSHIP?????

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What is Entrepreneurship?

In discussing entrepreneurship, it often aids understanding when we begin by agreeing on exactly what the word means to us.

Beyond the dictionary version, there are considerations that can determine how our venture is viewed by others.

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In discussing entrepreneurship and writing articles on the subject, I have found that it aids understanding when we begin by agreeing on exactly what the word means to us.

Entrepreneurship is the process of creating or seizing an opportunity, and pursuing it regardless of the resources currently controlled.

The American Heritage Dictionary defines an entrepreneur to be “a person who organizes, operates, and assumes the risk for business ventures.
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These are rather abstract concepts for a person just beginning to consider whether they ought to start a business rather than take a job, or leave a secure job for a chance at greater self-fulfillment.

Let us try to refine our understanding of entrepreneurship by asking some more specific questions.

Is everyone who runs a business an entrepreneur? Many would not consider the newspaper carrier, shoeshine person, and grass cutter entrepreneurs, though these are often the youthful pursuits of those with an entrepreneurial bent.FREE BUSINESS INFORMATION

Does it matter whether the business is merely part-time? Whereas some part-time activities are basically hobbies, or undertaken to supplement income, some entrepreneurial ventures can be tested in the marketplace on a part-time basis. Continue reading “MILLINEALS GENERATION — WHAT IS ENTREPRENEURSHIP?????”

YOUR HOME OFFICE – WORK SMARTER, NOT HARDER TIPS TO STARTING A BUSINESS

Your Home Office – Work Smarter, Not Harder!

Working the cube farm has been a disaster for worker productivity for years and you are finally fed up. Your company has offered you an opportunity to work from home. Hence, the home office is born.

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Working the cube farm has been a disaster for worker productivity for years and you are finally fed up. Your company has offered you an opportunity to work from home. So finally, the home office is born. The choice of the location of your home office is crucial to your success.

Too close to the activities going on and you get distracted. Too far away, and you become stranded on an island. Another concern is the “7-Eleven” effect, in other words, you are always open for business and in a very short time you find yourself exhausted. But there are ways to manage these issues in order to make your home office experience a success.

Now the home office is more of a focus in the design process, make this space worth living. Make it comfortable, but not too comfortable. Make it warm and inviting, but not a play room for the kids. Make it a place to work, but also a place to live.FREE INFORMATION

Confused? Don’t be because this is your space to with as you wish. Just keep in mind your particular situation and plan accordingly.

Maybe converting your attic for use as a home office is a wonderful idea. Maybe working in the corner of a bedroom works. Whatever your space allocation is having a true home office is a great way to keep your overhead low. Continue reading “YOUR HOME OFFICE – WORK SMARTER, NOT HARDER TIPS TO STARTING A BUSINESS”