Tag : business

Start Your Own Business Idea – What to Do Between First Thought and Getting Started

A light bulb went off inside your head and you now have the greatest business idea ever.
What do you do now?
Go out and start your own business!
Is it really that easy? Yes, it is exactly that easy to get started. However, the rest of the story is not just a walk in the park. There will be lots of work. It will take time away from family and friends. Plus there is still that 9 to 5 job of yours. You know, the one that brings in the money to pay your bills?
So, let us take that idea and get started.
Logically, we should start with a plan on how to finance the adventure, right? No, not necessarily.
First we should go to Amazon and see if there are any books written on the subject or topic of your business idea already. How much are they …

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Four Stages of a Business Idea to Be Undertaken by Promoters

Before a company (Co) comes into existence, the new business idea undergoes some stages and procedures. These initial stages of formation of any company are termed as promotion. There are people who are involved in executing these stages before a company can commence its operations. These persons are called the promoters.
Note that not all types of companies undergo all these stages. Some start operating only after undergoing two stages as the case with a private company and public company. These two companies don’t have a share capital. A public Co limited with a share capital has to undergo all the four stages before it’s incorporated to commence its specific purpose stated in the memorandum of association. Gw. Gerstenburge defines promotion of a company as, “the discovery of business opportunity and the subsequent organization of funds, property and managerial ability into a business concern for the purpose of making profits …

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A Work From Home Business is Ideal For Moms

Many moms dream at having a work from home business but never do anything to make it a reality. It is a risky thing to do, especially if you give up a well paid job to do it and are therefore taking a big risk. However, it does seem a shame that if you have always had a dream of doing this that you are not. It could be something that you always wish you had done, something you regret and having regrets is never a good thing. Having a good job is important too, but not following your dream means a lot as well.
I think the most important for moms to do is research. As long as you have looked at your potential market and calculated whether there is demand for good or service that you will be providing and that you know how to price it to …

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How to Succeed in Business For First Time Entrepreneurs

I know out there are people who are feed up with employment and may be considering going into business. But they lack the necessary skill and experience to start a business. The good news is that investment options do exist for investors who are first time entrepreneurs.
The best place a first time investor can venture in would be in companies that have already been established. Some of these companies are listed in the stock exchange hence you can decide to buy stocks of some of the companies that are performing well. The stock market is good in that it helps you avoid the worry of employing workers, offering after sales services among other duties that go hand in hand in managing a business.
For starter, investing your capital in the stocks would be a sure way of getting return on investment and also raising capital. While your investment grows …

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New Business Ideas – How to Find That Winning Idea to Start a Business

A good business idea will often be borne out of your experience. Have you observed people experiencing a problem or frustration, and do you have an idea that might eliminate or reduce that problem. The richer your experiences and the more observant you are, the more you are likely to come up with workable business ideas. Take an inventory of your experiences; of all the work you have done, paid or unpaid, and of all the games you have played, did you encounter problems looking for a solution?
Start with your resume and expand it as follows:
A� Add all your activities so you have a detailed resume. Don’t limit this to work. Include games, chores, and any other activity that engages you.
A� For each job or activity state what you accomplished. Remember this is not for an interview; it’s just for you so be honest.
A� State what …

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6 Top Small Business Ideas for Aspiring Entrepreneurs

Majority of small business owners are their own “brand.” Given below are 6 small business ideas for aspiring entrepreneurs where they themselves can be the distinctive factor.
1. Image Consultancy
Due to the general obsession with looks, image consultancy is becoming a lucrative business. Whether its clothing, hair or make up, helping others decide how to look is a serious matter. To become an image consultant, you should have a genuine interest in the work and take a relevant course.
2. Life Coaches
Majority of people these days, whether they are successful or unsuccessful, want to solve the issues that they are facing in their lives. Some are going through a bad marriage, others are struggling with low self-esteem, and many of these people want help. If you believe that you can listen to problems and give sound, practical advice, then you may want to consider life coaching.
3. Services …

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Top Ten Startup Mistakes That Almost Always Lead to Business Failure

Many startup ideas fail to ever be launched and many, many fail within the first year or two. In most cases, the failure has nothing to do with the business idea, but how the business side is handled. The business of entrepreneurship is business first, then operations (what your business actually does). The Top Ten startup mistakes that lead to ultimate failure are:
1. Insufficient Startup Idea Development: Most startups do not fail because the business idea is bad. The problem is that many first-time entrepreneurs fail to actually plan the business before sinking cash into the startup. No matter how great a business idea is, it can’t succeed without detailed planning. Take the time to work through every angle of your business idea. Not only will you have a better grasp of how far your business can go, you will also reduce your risk and prepare yourself to make …

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A Basic Tool to Evaluate Your Business Idea

Like many other aspiring entrepreneurs I would use the internet to give me inspiration for generating ideas. I would often come across a number of different opportunities but with a lack of entrepreneurial experience I was unsure as to whether the idea would work or if it was right for my personal circumstances. These questions led me onto my next quest. How can I evaluate ideas in an objective manner? I was conscious that when you are an aspiring entrepreneur you emotions can get the better of you. You get a sudden flow of ideas and immediately think they all have the potential to succeed and make significant profits. In addition to this you may have a number of different ideas regarding the direction to take your business idea but aren’t sure which direction one to go with. Even for the experienced entrepreneur this can be a challenge.
The tool …

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Finding Home Business Ideas That Are Suitable For You

Would you like to start a business home idea? There are several home based businesses which you will be able to choose from nowadays, below are couple of of the home based business ideas.
Many of the individuals will like to sit at home and earn a five figure income. These people do not have to worry because there are lots of home based businesses out there in the market these days one could choose from.
Translation service
If you have a mastery over a language and translation is easy for you, then you will be able to convert this into a great business home idea possibility for you. These days most of the multinational companies are ready to spend a lot of cash so-as to get a good quality translation service. You will also be able demand a very good price if you’re well versed and have adequate experience …

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Why the Internet is So Good For Testing Your Business Ideas

There are many reasons why a business online should succeed if you have the right idea. The main reason is numbers; numbers of people online, and the other reason is cost. For a conventional business you have overheads like payroll for staff, lease payments, taxes, insurance, retirement funds for staff etc. The list is long and what percentage of gross income goes to these overheads? Lots i suspect, from 25{75f7d6826a5ae8a0173b8a8159b63ceac1acc20c4a43d07670d992b80bd52f77} to 50{75f7d6826a5ae8a0173b8a8159b63ceac1acc20c4a43d07670d992b80bd52f77} or higher!(just a guess)
The other big plus is that you only need a very small percentage of people online to buy your product or service to make good money. There are over a billion people online and the number increases every year. Get on board now and ride the wave. To be sure you have a better chance than most to have your business idea online succeed, the following points should be thought about before your business …

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