Life itself is only a vision – a dream…RSS
Starting and running your own small business is a great hobby that is rewarded by the amount of people you can help. Unfortunately, a handful of businesses out there cost more than an arm and a leg to get going. Opening up a retail store, for example, demands that you lease space, purchase affordable furniture, managers, salaries, etc., which requires much more than money, your time as well.
Still, there are lean startups that get off the ground and glide over the terrain with little to no funding. How does he do it? My dear boy, do you ask a fish how it swims? No. Or an eagle how it flies? No Siree you don’t, they do it cos they were born to do it! It’s all about knowing whether or not that the business you plan on starting is a viable solution in the long run. Here are some tips and tricks to get your business going with little investment as possible.
Rolling around in bed with stacks of dead presidents is hardly, if ever, a moment that just happens to appear out of nowhere in 24 hours or less. The people you see who have finally made it is the result of years burning the midnight oil, making mistake after mistake, defeating negativity and hardship. The power that keeps you keepin’ on the path of enlightenment is love and dedication.
Right from the start, you have to realize that being the engineer type won’t take you where you need to eventually go, but it’s the smart entrepreneur type who’ll be the one who’s going to be smashing into long-term success. The majority of people who want to jump right into business, no matter how much traditional schooling they have under their belt or how much time they spent teaching themselves about the subject, will never be ready to experience what life is going to throw at them. For most folks, living for business will be just the thing that’ll push them past their known and unknown limits.
I know we all want to hire the best and the brightest. But the few that are diamonds in the rough know they’re diamonds and they’ll be picky about the opportunities presented to them. In any case, if they have the right to be meticulous about their future, they have a right to always exercise it to the best of their abilities.
The thought you should be thinking about is, “How can I bring on the best and the brightest?” The simple truth is that you scout potentials before they even know it themselves. You’re going to have to use your business background to become a counselor or mentor for all the docile whippersnappers out there, and at the same time working established companies who need some new blood coursing through their company’s veins.
Resume after resume, weird interview after interview, and people with the wrong qualifications… I know it’s a drag to get amp’d up about the hiring shuffle, and most likely to be a downer when you have to decide between ideal candidates. But have no fear, I is here. I’ll walk you through the simple steps of it all and help you pick the right person for whatever position you need filled ASAP.
Instill confidence in your position
Bringing on older people can be iffy, but there are some angles you can work that’ll make it work for you. How old a candidate is doesn’t really matter. With a bunch of entrepreneurs being so young and nubile, especially the tech types, I honestly believe that the amount of confidence you have in yourself and your business trumps age. Always know that you’re the one who founded the business and convey that fact to your people, but at the same time you don’t want to be seen as a self-centered narcissist.
When you finally have a couple of Iraqi Dinars to throw around, you already know that money is going back into your business, right? However, a lot of small business folk are still unsure where they should put their money. You may already know this, but opportunities aren’t the same, and the few that you decide to jump on will greatly affect the lifespan of your business. It just comes down to knowing what a smart move is by conducting hours and hours of extensive research.
The sky is the limit when it comes to finding unique, creative ways to increase your profit potential when it comes to getting the most bang for your buck.
If you have any of your own tips to share or anything that will save someone else time, then feel free post your own suggestions.
Now here are the tips and tricks that’ll help you bring about the most value for your goods…
Finally opening up a physical location to add to your online business can be one tough cookie to take a bite off of, but the dream of any business owner is to turn the intangible tangible, if you have the right mix of resources. It’s going to take a lot of work as you open up a new shop, but with the right plans anyone can make the impossible possible. In this post I’ll offer up some tips and tricks to make that transition a bit smoother, especially if you’re just starting out for the first time. Also, if you’re just scanning this, you might be able to absorb some of the information here that could get things going again, if you’re scoping out what the competition is doing to see what the next best thing is.
Let’s be real, you’ve pondered the thought whether or not your business is going to make out in the end, haven’t you?. You kept putting your entire being into it, but for whatever reason you’re still not making bundles of money.
The sad fact about it is, there’s no crystal ball that says you’re going to come out a success or failure. But keep these indicators in mind if you need to factor in your long-term survival.
You’re not focused
You’re better off focusing on a couple of things that you’re very good at instead of taking on everything with subpar performance that just gets you by. Google, Facebook, Twitter, and WholesaleForum are only a handful of examples of businesses that did one thing perfectly.
The biggest part of starting your own operation is, in several ways, knowing your loves. It’s about the goals you want to set for yourself and how you want to go about achieving them. A lot of people spend years, even decades sitting on an idea before they even take the first baby steps in making it a reality, while others are frustrated with your typical office workplace, knowing deep down inside that they want to direct their own movie and create something monumental, but not really sure how to go about it. If you’re kind of stuck in this twilight mode, I highly recommend you keep on reading.
Have you been dreaming the thought of starting your own operation? Well, if that’s the case, think about these tips and tricks or else you’re going to end up like most new businesses… living in a van down by the river.
Work, work, work is hurt, hurt, hurt…
If most of your time is spent working until you feel like going William ‘D-Fens’ Foster on everybody, you’ll end up burning yourself out. There are times when you just need to step back for a couple of days and get your mind on new stuff so that when you get back to work, you’ll look at it with fresh eyes.
Failing is a part of business that most people hardly ever talk about, and dusting yourself off from your falls is what matters the most when it comes down to it. It’s the mindset of being an entrepreneur, which demands all your inner strength, will power and dedication.
But your future isn’t doomed for constant failure. When you spot an opportunity that nobody else has jumped on, this is the time to turn your dream into reality. You have to design a detailed business plan, bring in investors, employ hard-working people, and let the business run on its own until you need to change something.
I’m going to discuss key points you’re going to face, and several ways to avoid wasting precious time fighting through blunders other entrepreneurs have made.
All of you are extremely dedicated, focused people. You create amazing ideas and you turn them into something greater that changes the world. Most of the time, though, no matter how detailed your plans are, you end up frustrated and migrainey.
Moments like this will regularly test your power to see if you’re truly worthy of your quest – and here are some of those moments explained…
Lack of faith
Most people don’t even dream themselves to be worthy of such monumental success. They honestly believe that happiness is unattainable when you finally make it.
Fear of opinions
Most people never even try to do something that seems different from the rest because they fear the opinions of others. Society demands composure. The amount you’re willing to give up by being different is how much success you’ll have in the long run.
I know we’ve all made mistakes in our lives and we’ve even been accused of being a failure. These minor obstacles, though excruciating, will show you a side of people and life than any classroom, seminar, or associate ever could. And they’re great conversation pieces at trade events and other misc. gatherings.
I am more than grateful to learn such a great deal from my mistakes, and the chance to share them with everybody is a gift and, above all, those important lessons that made me say, “Ah HA!” What I’m saying is, why are you going to spend all that time caught up in lighthearted litigation, almost losing the dust bunnies in your pockets to legal swindlers, pitching your soul out to venture capitalists for millions of dollars without a model even in place?
Building your own company is probably the hardest thing you’ll ever do as a human being. It’s something that will test the limits of your soul so much and so often that you’ll see-saw over the edge of reality. But don’t forget, it’s also something that’ll give you a purpose, a mission to live for something beyond the self by doing what you absolutely love to do no matter what obstacles you face, and on top of it all, you’re the boss of you.
Let’s face it. There are risks involved in starting your own business. Most entrepreneurs have to give up their regular job to pursue the dream of being their own boss. This means giving up a weekly or bi-weekly paycheck and possibly not seeing major returns on an investment until a few months down the road. This may be the major reason why many people shy away from the opportunities presented by business ownership.
Setting up a budget—and sticking to it—is essential to surviving the somewhat tumultuous start-up months. Having a well-mapped budget is not important only for start-ups, though. Even longstanding small businesses can benefit from tightening the belt and cutting unnecessary expenditures. Here are some things to consider when outlining your business’ budget.
Once upon a time, anybody with a dream and a business plan could get a loan to start or grow their small business. That was before the recession reared its ugly its ugly head…
As a result of the recession (or the recession a result of it), many of those dreams went into default and became financial nightmares for banks. Banks were forced to enact stricter policies regarding loans, or else risk putting themselves in further jeopardy.
With so many loan applications being denied, many business owners have become afraid to even apply out of fear of rejection. There is a light at the end of the tunnel, though. There is beginning to be a rise in lending for small businesses. While it still isn’t easy to get a loan, knowing what to focus on in your application may improve your chances. Here are some things to consider before you approach the bank.
Business generally revolves around two major focal points—making money and saving money. If you can keep profits up and keep overhead costs down, then you have yourself the makings of a successful business. Even if it seems like your business’ finances are in good working order, though, you should still consider giving them a check-up. A thorough look at your expenses and a little forward thinking could be just what the doctor ordered to keep your finances running smoothly.
Take a Closer Look
The first thing about growing internationally is to think about it early on. The more time you have to plan about doing business abroad, the more you’ll know how to track results and time trends successfully.
Know your market
Take a gander at what industry you want to break into. Who are the main players? Who’s brining the most dough? Who’s having a hard time? The more you know about the industry’s overall feel, the easier it’ll be for you to market and build your brand. You need to know how ruthless your competition is. Click on over to these guys for a great place to read up on tons of information including countless fact sheets and a healthy flow of press releases.
NPR recently aired a report about college students having a difficult time finding work after graduation, so I thought it’ll be great idea to remind all the business owners out there of the benefits of bringing in some fresh blood.
The Power of Youth
There is a lot to be said about experience, but experience may not always be the best thing for a company looking to expand its horizons. Recent college grads present a great opportunity for small business owners. The most enticing of these opportunities is purely economical. A recent college grad is looking to get his/her foot in the door, so they are willing to accept a starting salary much lower than if you hire in a person who is experienced in the field and accustomed to a particular lifestyle.
In the first part of my series on bootstrapping, we covered the principles behind bootstrapping and a few of the methods that bootstrappers use to get the capital they need without resorting to bank loans. If you haven’t read it already, you should. It is a scathing critique of the American financial institution from the viewpoint of a likeable and industrious entrepreneur. Not really, but it is informational. Now we move on to the other methods bootstrappers can use to scrounge up start-up capital that involve borrowing from an investor.
Get a Job
With millions of dollars in home and business loans in default right now, banks have become much more selective about to whom they will hand out loans. This means it has become increasingly difficult in the recent for small businesses to get loans for start-up companies. Don’t let stingy banks break your entrepreneurial spirit. A growing start-up businesses getting off the ground without even stepping foot inside the bank (with or without the black ski mask).
The method to which I am referring is known as “bootstrapping”. The term refers to a 19th century American saying about pulling oneself up by his/her own bootstraps (i.e. to accomplish an impossible task without any help).
An internship can be a mutually beneficial relationship for both the intern and the business. The intern has the opportunity to gain some real-world experience, and the business gets to recruit some extra talent to help the company. Like any teaching role, taking on an intern is a big responsibility, so make an informed decision before making that kind of commitment.
The Right Person(s) for the Job
Like I said, taking on an intern is a big responsibility. Not only do you have to find the right intern who fits into your business, you also have to find the right person on staff to help guide them through the experience. If you’re not able to manage the intern directly, select an experienced member of your staff who is knowledgeable about the company and willing to take on a mentoring role.
Many small businesses, as some of you know firsthand, are based out of the home before making the leap into accommodations of their own. Setting up shop in the basement or home office is a great way to keep expenses down during the early years of the business. There are many upsides to the work-from-home business model: no rental agreement, short commute, and you can wear your bunny slippers to the morning meeting. There was a stigma against home-based businesses as being unprofessional, but as an increased number of them are proving themselves to be productive members of the economy, perceptions about them are changing.
In With the New
Blogging can turn your business around in a heartbeat. Without the constant stream of fresh content, a company can come off as boring and out of the loop. A highly focused blog can give your business an energetic voice, character and build brand recognition.
The universe of blogging isn’t a playground for part-time writers, a political nerd or a spiritual being. Instead, Fortune 500 companies, small businesses, and international brands have become part of the blogosphere because they know they have to be more engaging and omni-dimensional.
Maintaining a blog is a smart move for new and small businesses. It gives them the power to try new philosophies, build credibility, and gain a massive following.