op 10 business ideas..Small Business Ideas For Beginners who Never Thought they could Learn How to Start a Business The Discovery of these 10 businesses will excite you.

Discover innovative, high-profit business ideas that are great for novices yet refreshing for current small business owners. Best of all, you will find obvious, over-looked business startup ideas that meets the most minuscule budget and dismal experience.However, when asked "how to start a business" there’s never an easy answer but starting your own business can be a stress buster. A small business idea could be the answer to your dwindling retirement funds. View our top 10 amazingly simple ideas for starting a business today. No doubt the biggest concern of starting a business is the business start-up cost. Which is the number #1 reason for business failure according to the Small Business Administration.

With 20 percent of small business starting in the home, these top ten business ideas are perfect for those on a shoe string budget. Finding the most suitable top 10 business idea for you could mean eliminating long exhausting commutes……carelessly speeding to your daycare provider to avoid the notorious late charges … cooking less, hiring a housekeeper, yard work… and the honey due list..that’s still due Our top 10 business picks are in no specific order, based on our research of the many sites that we visited, these are some of the small business ideas that consistently come up. As you read the top 10 business review…Imagine…how would you feel if your commute was from one bedroom to the next.. cooking around your schedule or even hiring your own personal caterer.

This small business ideas are excellent for both genders.

Sound Incredible? After discovering these op 10 legitimate business ideas your starting your own business dreams can become your reality …Remember everything that exists now started with an idea first! (Are you next!)?

Here’s our top 10 list of small business ideas

• Personal caterer

With both parents working and children activities, this is a timely small business idea.…it’s at the top of our list.. a needed service~ • E- Book Publisher

. For the computer savvy, this is a growing market. The internet marketers would welcome the help. • Personal Coaches

We all know at least one Personal Coach "Dr. Phil", …..if a sports (Phil Jackson) coach can improve your athletic performance.. than a financial coach(Robert Kiyosaki) should be able to do like wise..very profitable small business idea. • Home Debt Collection

Here’s a thriving lucrative business. Our country’s debt is the worst in history… over 6000 + offices can’t handle the dead debt… this will be a top 10 business for years to come…weigh your tolerance level if starting a business in debt collection should be your long term game plan • Direct Selling

Swal-low… breathe.. men listen… your prayers have been answered...85% of the direct selling market distributors are women…over 60% are college graduates…worldwide sales over 100 billion… and most companies offers residual income…..what more can one ask for… Is starting a business a priority NOW!

*dating becomes tax deductible!

•

Garage Organizers

Who in their right mind wants to clean their own garage.

garage organizer… a super solution…Starting a business to specifically de-clutter garages is a superb idea • Children Art Education.

Someone had to explain this one to me but it makes total sense…. the abridged version…our school art budgets have been extracted from our public school systems and children are loosing their creative ability…Children are our future They definitely need to know how to start a business… they will create out future businesses • Background check

With our global society security measures are compromised background checks are critical and in demand…check with your local agencies the laws are different for home agencies…due to identify thief I understand how this made the top 10 business. • e.Bay aftermarket

over 500,000 businesses use E-Bay…. many internet marketers employ this strategy..great small business idea when starting a business online • Pet Sitting!

What’s more adorable then taking care of the one family member that loves you unconditionally. Your dog is always happy and enthusiastic, certainly you want to participate in the $34 Billion Dollar Bonanza…..starting a business allowing you to do what you love and get paid for it. We hope our information about the top 10 business will encourage you to start your own business soon.

As usual do your due diligence and keep moving.. .

So if you’re looking for a way to stop your 401 k from bleeding to death or a way to earn six-figures and above without the overhead and business expenses-putting in 70 hours plus work week… be sure to view the video for more information.

6 success stories The worst decision in the world is no decision. Brian Tracy said it the best, make a decision on when you will make your decision.

example;on Tuesday I’ll…..

As usual Stay Connected~ request your e-info packet for a

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Have you been giving out your custom business cards but you do not seem to get a phone call? Did you spend a significant amount of money for business card printing only to find that no one really cares to look at them? Are you having difficulty giving out your custom business cards altogether? There are several ways why a business card can fail. This usually relates to you, the business card holder yourself, or the look and feel of your business card. Here we have collected several common reasons why people ignore your business cards, or throw them out altogether. Try to see where you got it wrong.

Poor Business card etiquette: The most common reason why business cards get thrown out is because of poor business card etiquette. Some people might not know it but there is more to giving business cards than just whipping it out and giving it to people like a flier. Give your business cards in good taste, and for a reason. When you encounter a possible business contact, be friendly and ask about them. Do not just give them your business card. Explore each others interests first, especially in business. If something comes up that is related to your field then it is a good time to introduce yourself as someone who wants to do business and give them your business card. This way you establish a real relationship with the color business card as the bridge.

Internationally, there are also some important business card etiquette reminders you should follow. In general, when you are giving your business cards, also ask if the receiver has his or her own business card at hand. This way it tells them that you care for making a contact and not marketing yourself. Also in some countries a specific gesture must be made to give business cards. In Japan for example, your business card is your honor. It is presented with both hands carefully, with a small bow to denote respect. Whipping out your full color business card and just casually handing it over is a sign of ill manners. Make sure that when you visit another country you know business card customs like this to prevent from appearing a rude or ignorant foreigner. Business card etiquette is just as important as the card itself so don’t forget about them.

Incomplete, Outdated or Dubious details Some people, on the rush to print business cards do not check the details and the fine print. A common reason why business cards fail is that the details contained in the business card is wrong. For example, if your company suddenly moves to a new location, or you suddenly changed phone or fax numbers your business card details are automatically invalid. When people attempt to contact you again, they will fail to reach you. People might think that your business card might be a bit dubious and throw it away. Even if it is only a little change, always update your business card design with new details and print business cards again for distribution. This ensures its integrity. Make sure that the pertinent contact details like the telephone number, mobile phone number, address, web page URL and email address are included with your name and title as you print your designs again. Stop being cute.

Uninspired Design If you used a simple business card template for your card design then that might be the reason why your business card is failing. Uninspired designs are a mark of laziness when it comes to business card printing. Your design must be eye-catching, easily noticeable and if possible have a picture of you, or an image if your business. This helps people remember you card based on its design. Plain business cards are hardly interesting and would probably end up in the trash.

Substandard material Lastly, try to print your business cards made with durable materials. Picking out the cheapest paper to print your business card is totally the wrong decision to make. People place business cards in different places like their wallets, drawers, handbags etc. Besides the usual wear and tear, accidents may happen and business cards can degrade or fade over time. If your business cards become shabby after only a short amount of time, some people might not consider contacting their owners. Always invest in the best material you can afford so that your business cards last well in the years.

Those are the reasons why your business card can fail. Sound familiar? If they do, then you have something t o improve upon before the next opportunity for giving your business cards. Keep a steady head and make those cards fly!

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 The Small Business Recession Plan “B”: How to Create the Six-Part Contingency Plan That Will Help You Guide Your Business Through the Storm

If you’re a small business owner, your list of worries seems never-ending. For starters, consumer confidence is down and your sales are starting to reflect that reality. And as experts predict a deep recession, it’s doubtful things will start looking up anytime soon. Yes, you’ve been wringing your hands and obsessing over the financial news for months, while simultaneously scrambling to keep your customers happy and your business strong. But action is the best antidote for agonizing—and now is the perfect time to create a recession contingency plan that will help you guide your business through any future rough patches.

Too often, when the economy goes south, a small business owner is paralyzed by anxiety and isn’t able to act quickly enough to save his or her company. Having a well conceived contingency plan in place gives you peace of mind when trouble hits and enables you to act quickly.

For small business owners, contingency planning is one of the best and most effective preventive actions you can take in a down economy.

Contingency planning will allow you to make the best possible decisions for your business if things continue to get worse before they get better. Even if you are an eternal optimist—after all, many of us entrepreneurs are—you’ll be wise to have a contingency plan in place if, say, one of your biggest clients succumbs to the bad economy, or if you have to face the difficult decision of whether or not to lay off an employee.

If you’re unsure where to start when it comes to crafting your contingency plan, here is an explanation of the critical elements you’ll want to include:

A People Plan. For small business owners, employees are often like family. That means the most difficult decisions you’ll have to make will probably pertain to them. That said, it’s important that you remain objective when creating the “People” section of your contingency plan:

1. What people assets are critical for you to keep? Why?

2. Who can “afford” a salary cut?

3. Who could undertake more responsibility?

4. Who are your definite keepers?

5. If you had to cut 10 percent of your workforce, what would your severance policy be?

6. How would you treat departing people so as to engender trust, respect, and loyalty of those remaining?

7. How would you implement a people “cut”?

By answering these questions truthfully and thoroughly, it will be much easier for you to make decisions concerning what to do with your workforce during the slow economy. Sometimes cutting back on your workforce, at least temporarily, is a necessary evil. Knowing that when you do so you are simply following a plan will help you manage some of the guilt that will come if you have to let someone go or reduce employee pay.

A Key Customer Plan. It’s likely that your customers are feeling just as much anxiety as you are right now, so it’s best to handle them with kid gloves. Fail to do so and you risk damaging a relationship that will not only help get you through these hard times but which could prove very profitable when things pick back up. Here are a few things to consider when developing the customer section of your contingency plan:

1. Who are your most profitable customers?

2. Who are the most loyal?

3. Who must you keep long-term at all costs?

4. How is the downturn affecting each of your customers?

5. How can you get closer to them?

6. Which customers have pressures of their own that will force them to ask you to cut prices? And how should you respond? Should you extend credit, put them on an agreed-upon payment plan, etc.?

7. What can you do to attract new customers?

You and your customers are in the same boat. They face the same struggles as you. In your dealings with them, it’s important that you strike a safe balance between managing their best interests and managing your own. The contingency plan will help you do that and help you make decisions that will allow you to strengthen your customer relationships now. When things pick back up, your customers will remember the way you treated them and will want to do even more business with you.

A Cost-Cutting Plan. When deciding where you could cut expenses, it’s important to consider what you could do to cut costs immediately by 10-15 percent. You should also go through your expenses line by line and consider which expenses are not necessary for your survival. Be sure to involve your employees when creating this section of the plan. Because they are on the front lines every day, they may have a better idea of what can be cut. For example, maybe they’ve noticed that you have an incoming paper supply that could be reduced. You should also include in your plan what to do if the amount you pay to lease office or warehouse space becomes unmanageable.

Naturally the decision to cut certain expenses will be easier to make than others. Just remember that now is the time to get back to the basics. You don’t need lots of bells and whistles to run a successful business, and taking a look at your expenses will help you separate the necessities from the frills.

A Cash Flow Plan. Cash flow is key to running any small business, and managing yours is never more important than in a tough economic period. That’s why you should include cash flow management in your contingency plan. There are two specific groups to consider: your customers and your vendors. First, think about how you can get delinquent customers to pay up. Talk with your customers and help them set up a payment plan with you so that you know you will be getting paid when you need it most. Also, consider giving a discount to those customers who agree to pay in cash. You should also think about how you can defer your cash outflows such as payments to vendors. Ask if you can go to a 60- or 90-day payment cycle.

Keeping up a healthy cash flow is vital during a slow economy. You might have to have tough conversations with customers who need to pay up or a vendor who you’d like to defer a payment to, but if these conversations help you keep cash in your business when you need it most, they will be worth it.

A Financial Safety Net Plan. So what do you do when all of your customers have paid up and you’ve extended your payments to vendors, and you are still having cash flow problems? Quite simply, you consider more drastic ways of putting cash into your business. It’s time to fall back on the financial safety net that you’ve created for your company. What will your safety net be? Will you draw on your home equity? Stop taking a salary? Ask friends or family for a cash infusion? Sell off some of the company’s assets? Reduce employee salaries? Apply for a small business loan?

You don’t want to be making these decisions when you are already in desperate need of cash. While you are still in good shape, plan out the first three ways you could immediately increase your cash flow. And do everything to ensure that you are protecting your credit so that if you do need a small business loan you can get one. Make certain to pay your bills on time. Don’t let anything fall through the cracks. If you are having trouble making a payment, let the company or bank know why. If there is a dispute on a payment, get something in writing that says you aren’t to blame. Being turned in to a collection agency will tank your credit score. You absolutely can’t risk it.

An Exit Plan. There are some situations you simply can’t plan for. You can’t know for sure how your industry will be affected by the down economy. It’s possible that no matter what you do the slow economy will make it too difficult for you to keep your doors open or too difficult for you to navigate on your own.

The exit plan is the hardest for any small business owner to put together. No entrepreneur wants to give up on a venture, but sometimes you have to face reality. So, think about what lengths you are willing to go to in order to keep your doors open. If you are open to taking on a partner, what kind of person is going to add the necessary skills to the business to help you keep the doors open? Or if you decide to sell the business, would you want to stay on and keep working for the company or would you want to go your separate ways?

Of course, keep in mind how long these transitions will take to make. As a small business owner you naturally have a strong attachment to your business. When you put so much blood, sweat, and tears into your business, it can be difficult to pull the plug at the right time. If you decide what your exit strategy will be before you are experiencing serious problems, you can take your emotions out of the decision-making process and come up with a clear-headed solution that protects your best interests.

Creating a contingency plan will help you minimize the risk of any surprises that pop up—and they will!—during a slow economy. But keep in mind there are some basic things that you absolutely can’t lose focus on during a recession.

You should be aggressively going after new customers, marketing your business nonstop, and giving your customers world-class service. Yes, these are trying times for small business owners, but the obstacles are not insurmountable. With the right plan in place, you can create strong, long-lasting relationships with your customers and a business that can weather any storm.

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About the Authors:

Ed Hess lives in Charlottesville, Virginia, and spent most of his business life advising entrepreneurs and financing their business ventures. He went to college at the University of Florida and to law school at the University of Virginia and graduate law school at New York University. Ed’s professional career was spent with firms like Atlantic Richfield Company, Warburg Paribus Becker, Boettcher and Company, The Robert M. Bass Group, and Andersen Corporate Finance, and he has built three service businesses.

In 1999, Ed began teaching business students part-time at Goizueta Business School, Emory University, during which time he created and taught the entrepreneurship course. In 2002, Ed joined the faculty at Goizueta full-time as an Adjunct Professor where he became the Founder and Executive Director of both the Center for Entrepreneurship and Corporate Growth and the Values-Based Leadership Institute.

Ed has written five other books:

• Hess, Edward D. Make It Happen! 6 Tools for Success (EDHLTD, 2001).

• Hess, Edward. The Successful Family Business: Proactively Managing Both the Family and the Business (Praeger: Westport, Connecticut, 2005).

• Hess and Kazanjian, eds. The Search for Organic Growth (Cambridge University Press: New York, 2006).

• Hess and Cameron, eds. Leading with Values: Positivity, Virtue and High Performance (Cambridge University Press: New York, 2006).

• Hess, Edward. The Road to Organic Growth: How Great Companies Consistently Grow Marketshare from Within (McGraw-Hill: New York, 2007).

In July 2007, Ed joined the Faculty of the Darden School of Business at the University of Virginia as a Professor of Business Administration and Batten Executive-in-Residence where he teaches courses on building small businesses and organic growth.

Charlie Goetz earned his college degree at Emory University and holds an MBA from the University of Texas. Charlie is a successful serial entrepreneur. He built several successful businesses, which in total employed over 1,500 people. He sold most of his businesses and made substantial amounts of money their sales. Charlie then began teaching entrepreneurship at Emory University in the Goizueta Business School where he was again successful. His courses are always oversubscribed, and he has earned multiple teaching awards.

Today, Charlie lives in Atlanta, Georgia, and is an investor in several new businesses and consults with people starting businesses. His specialties are marketing, customer acquisition, and product development.

About the Book:

So, You Want to Start a Business? 8 Steps to Take Before Making the Leap (FT Press, September 2008, ISBN: 978-0-13-712667-5, $18.99) is available in bookstores nationwide and from all major online booksellers.

For more information, please visit http://www.edhltd.com or http://www.ftpress.com.

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To be able to climb the steep ladder of success, it is necessary to fine tune your business. Irrespective of the nature, type or size of your business you need to prepare and nurture it in a specific way to be ready for success.

Abraham Lincoln once stated ‘while others were enjoying their sleep I was busily climbing the ladder of success’. He was referring to his phenomenal success ‘from a log cabin to white house’. Like Lincoln you too can prepare, ahead of others, to take your business to the pinnacle of success. And the top of the ladder of success being never crowded on reaching the top it is easy to stay there and excel.

The groundwork to reach business excellence starts with finding answers to a few questions. The important questions are;

A. Where my business is now?

B. Where I want it to be?

C. And how I am going to get it there?

To probe what stage your business is now compare your business with the competing businesses. What is your business’s market niche, the popularity, the size of customer base, current performance, turnover and profits are some of the comparable indicators. These indicators will help to indentify the current position of your business. For example if yours is a website business you can use indicators such as its search engine position, Google page rank, traffic status, incoming links etc to ascertain where your business is now.

Next step will be to evaluate the weaknesses and strengths of your business to understand it better. Then you can determine ways and means to convert the weaknesses to strengths. Business strengths will lead to opportunities.

This analysis will also reveal to you the threats to you business as well. A plan of action will help to deal with threats. Threats are challenges that test your strengths to the fullest.

On identifying weaknesses too work out a plan on how to convert weaknesses to strengths. More strength and fewer weaknesses will provide you with more opportunities.

As a useful step of this exercise you can benchmark your business with the best practices of businesses that excel. The factors such as customer loyalty and retention, product/service features and quality, business image, on time delivery, after sale service, marketing capability etc., can be benchmarked. It is useful to compare your current performance in each operational activity with the best practices and try to narrow the gaps.

The top businesses excel because of their best practices. Some of your business practices may be above or below theirs. Learn what others do better in business and make improvements to your business practices. Accordingly, make plans and implement what you need to improve to excel. It benefits you to follow those who have already reached the top.

Next your focus should be to find answer to the question ‘where I want my business to be? It refers to the Vision of your business that states where you want the business to be. Your business needs a carefully thought out Vision. ‘To reach the number one position in its line of business in five years time’ is an example of a Vision. Decide on a Vision to aim at for business excellence. A Vision has a definite time deadline. The Vision is really a ‘Dream with a Deadline’. And you need to make and follow a strategic plan to reach it.

Our final question ‘how you are going to get there’ relates to the Mission of your business. A business needs a Mission to take it towards its Vision. A Mission Statement should reflect your business purpose. For example a successful apparel company had as its mission ‘Clothing the world in style’. Your business too can have such a rhythmic Mission Statement to constantly remind, motivate and push you and your staff toward business excellence.

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We Buy Your Business

For some, planning a business exit can be a predictable, methodical process. We know the competition; we understand market demands, know when we want to sell and might even know the actual date. But for far too many business owners, the business exit comes as a harsh reality and often unplanned event.

Protecting your business and assets against the dreaded six D’s of an unplanned business exit can give whole new meaning to the term “Disaster Management”. While every business may experience unexpected pitfalls, careful planning to ensure risk exposure is minimized can assist in keeping you in the driver’s seat when it comes to managing your company. Familiarize yourself with the six D’s of an unplanned business exit: debt, death, disability, divorce, departure and disaster. Know the enemy and look to address all six D’s in your operating and buy / sell agreements.

The Six D’s of an Unplanned Business Exit

Debt:No one goes into business and plans on it not succeeding, but 40,000 businesses fail every month in the United States. When debt exceeds revenue, it is critical to exit timely in order to minimize loses. Understanding limitations and protecting critical assets are key to successful divesture.

Death:Many businesses are solely dependant on their owner’s abilities, relationships, and passion to drive success, and when there is a death of an owner or partner of a business, it can have significant impact to a business almost immediately. While no one wants to consider their own demise, the strength and longevity of a business relies on being able to plan for such a critical loss even if it means downsizing or reorganization. The survival of a business in relation to key individuals needs to be evaluated and exit strategies planned accordingly.

Disability:Unbelievably, death is not as likely to end the business as a disability. A disability to a business partner can put a significant drain on cash flow, daily workloads, and excess down time, all of which can be devastating. Insurance and financial planning towards alleviating such an impact needs to be carefully evaluated especially when dealing with small business start ups where funding and resources are limited.

Divorce:No one wants to plan for a business or personal divorce, yet while Pre-nuptial agreements may be gaining in popularity many people never look to manage such impact to their businesses. What happens when the partners cannot get along? Or worse, you inherit another partner due to a personal divorce settlement? Exiting the business might be the only alternative you are provided.

Departure:It does not sound as bad as death, but it can wreak the same results. A partner, key employees, or other resources decide to go to the competition, retire, burn out, or win the lotto. When they leave, how does this impact your business going forward?

Disaster:If the five D’s above where not enough to impact your business, there are no limit to the other disasters that may occur that were never planned on: robbery, sickness, employee theft, employee turnover, natural devastating events, etc. In today’s post Katrina, 911 world the impact of the chaos theory is enough to keep even the best business minds awake at night. Plan for the worst; strive for the best and know when to get out if need be.

For the typical business owner, each one of the six D’s has special demands on the family, income, taxes, and control of assets. An agreement, commonly called buy/sell agreements, can be used to plan for the impact associated with the dreaded six D’s. A successful sustaining business exists as a separate entity from personal concerns and risk can be reduced by developing mutually fair and equitable agreements prior to these events occurring.

Business is an evolution and travels a diverse path. While some may look on an unplanned exit as a failure others may see an opportunity for growth and freedom.

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It is the New Year and it is time to throw out the old and welcome in the new. If you have your old business cards still in your wallet, maybe it is about time to throw them out and make new color business cards. In this dynamic business atmosphere it pays to always have a fresh face. New color business cards will tell people that you are always up to date and in with the times. So, it is always a good practice to print business cards with new designs periodically.

Now, do you know how to redesign your business card? It is very simple. Follow some of the tips we have listed here and you will be ready for a color business card makeover. Hopefully this will help you show a fresh face to current and potential business contacts.

Change your colors The best and easiest thing to change in your business card is its color. If you are still using a plain white business card, then you are indeed behind the times. The most effective and eye-catching business cards today use different colors. If you look at your collection of business cards you will always spot the ones that are not white right? So this new year, treat yourself to something new and change the color of your business card. A simple color change may be from white to black. Black business cards with gray, silver or white lettering has elegance all to its own. Black is always popular and you can never go wrong with it. Other formal colors include light blue and light green. If you want be a bit adventurous you can also try Red or Yellow business cards. However, use these colors carefully as some industries might not take you seriously with such bright and flashy colors.

Switch to new and popular designs Next, you can also try to redesign the overall layout of your business card. You can do this by looking through the new and popular business card template designs that are available this year. Just look for business card templates in your search engine and browse through the myriad of designs online business card printing companies have to offer. Of course you can also create a color business card design of your own. You can try changing your business card’s original font, its text size and the overall placement of its elements. Again you can refer to several examples that can be found online for inspiration.

Find a new motto Now, if you have a motto or maxim in your print business card, you can also change this for the New Year. If you are not particularly attached to your tagline then this is a good opportunity. Taglines are a good way of remembering a business card. If last year your business cards were not that effective, then maybe a new tagline might help. Maybe your tagline was boring, so now you can change to a catchier one. If you can, try and integrate a few rhymes into your business card tagline to make it more memorable. Also, word techniques like repeating first letters also work here. For example your tagline can say “the best bargain baggers in the business”.

Redistribute Lastly, once you make your new color business cards. Do not forget to redistribute them. Since you may have updated your contact numbers since last time your printed your business cards this is a great opportunity to re-establish a few past contacts. They may find your new and fresh business cards appealing and you might get some new business opportunities.

Great! We hope you can use these tips for you new business cards this year. Remember that your business cards should always be dynamic. The world will change always, so always change with the world.

For comments and inquiries about the article visit: Color Business Cards, Print Business Cards

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The Importance of Income

If you had money to invest in a stock, would you invest in a stock that had no income? Even if it had a great management team, stellar marketing team, solid sales team and incredible systems in place, you wouldn’t invest in it if it didn’t have income.

Some people may not know how to build a great business. Perhaps they can’t structure solid business models. These same people may know how to build online income well. We shouldn’t minimize the value of that.

The late Mary Kay started by buying wholesale cosmetics. She then turned around and sold those cosmetics to women. She turned it into a business. Mary Kay was worth over one billion dollars at the time of her death.

Colonel Sanders had to close his original restaurant because the state was building an interstate that ran through it. The government gave him a small check as a result. Colonel Sanders didn’t just sit still. He took his chicken recipe to restaurants all over the country. After over 1,000 rejections, he finally found a partner and Kentucky Fried Chicken was formed. He wanted to generate income from that chicken recipe and it became a massively successful business.

Think about eBay. There are thousands of people that started selling things on eBay just to make some extra money. Many individuals started selling there as a part-time gig and did so well that they were able to turn it into a solid business. And today, many people support themselves that way.

Business and Income Go Hand-in-Hand

I’m not saying that you shouldn’t build a business, it’s just we can get distracted by the smaller tasks involved in the process. You need to also focus on generating income; if you have income, your business is viable.

Think about the dot-com boom and bust. Just about all those companies had business plans. Essentially all of them had management teams, marketing teams, sales teams and systems in place. There were billions of dollars in venture capital money invested in the companies. Even so, just about all those businesses went under.

Webvan couldn’t make any money delivering groceries to people’s doorsteps. Likewise, the original pets.com and furniture.com couldn’t generate income. Many of these companies received venture capital money. They had great business structures but they didn’t have income. Without income streams, these companies completely disappeared.

Don’t get me wrong; you need to build a business. Income generation is just so critical; if you are skilled in that area, you’ll have a much easier path to success. If you know how to make money and get that income stream in place, you can then hire someone to turn that income into an actual business.

Don’t get buried under the idea that you must have certain things in place before you can start making money.

In most cases, if you can generate the income, you have a great opportunity to turn that into a business. It’s not true 100% of the time. There may be instances where that income stream doesn’t have what it takes to make a solid business; however, most of the time, you can make a business if you have income generation.

Get to Making Money

When you’re building a business, it’s easy to get swamped and not have results. You can do all these monotonous tasks but not generate any money. You’re constantly in motion and you are exhausted but you don’t have monetary results.

Just get to it. Simply, get to the making money part. Think about Apple. The iPod wasn’t a business when it started. It was supposed to be a new income stream for Apple. Instead, it turned into an entire business of its own, simply because it became so huge.

Give it a try. Pursue some kind of income generation. Don’t get bogged down with building your business. Hire someone to help you build the business once you have the income in place.

We all have different talents. Some people just aren’t that skilled in the business-building area. Others aren’t terribly skilled in the income-building area. Perhaps you can structure your business but you need to bring in some people to generate income. Conversely, you may be excellent at generating income but need help in the business-building arena.

Multiple Paths to Business Success

There is no one specific path to business success. We get so caught up in the right and wrong way of doing things. Instead, we need to realize that there are multiple paths to success.

Again, it’s important to build a business but not to throw that by the wayside altogether. Your business’s growth is important. It’s fine to create cash flow first. Don’t postpone income generation.

Essentially, you need to both build a business and generate income. The best-performing companies and stocks are those that have great income and first-rate management. This means they have superior people running and growing the business. 

Use Income to Get Building Help

If you feel as if you’re stuck when it comes to building your business, don’t feel guilty about pursuing income. It’s absolutely fine to chase the dollar initially. You may try many things that do not work. Then suddenly you may strike something that works, and you’ll begin to generate cash flow.

At this point, you see that it can turn into something bigger and better. You can then either build it up yourself to turn it into a business, or use the income you generated to hire people to build the business. Once you have income streams in place, seek out business builders to help you create the structure and long-term plan for your company. You don’t have to do it all on your own. 

Determine Your Website’s Earning Ability

Every website has earning ability. Various types of people from all over the world want to generate income from their websites.

You’ll see that every website has three different things that basically determine its capacity and capability to generate income.

The three things are:

1. Core offering

2. Asset build

3. Equity build

The core offering is what the website has to offer the public. Think about this in terms of your business website. What problems are you solving? What solutions are you providing? Who is your particular market? What is your offering’s price point? What other offers have you packed into your sales process? This is essential; you must have a strong core offering.

Asset build and equity build are all about the ability to grow both the website’s assets and equity position. As you work through the document, have fun with it.

For many of you, it will be a bit of a rude awakening. You’ll see all the different ways you can generate income from your website. These are tangible things that you can begin doing immediately to make money.

For some of you, it may be a refresher or a reminder. It can give you a little nudge of encouragement. You’ll see that there are a lot of things that you are already doing, and maybe some extra things that you can begin doing now.

While this isn’t designed to be the definitive document on how to generate income, it serves as a great jumpstart to your process. Add your own ideas to the sheet. By all means, expand on it. You’ll find great value as you actually use it.

Remember, you need both a solid business and income. It doesn’t matter if you build the business first or start generating income first. There isn’t necessarily a right or wrong way to do it.

Make your own path; just get started down the road to success!

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When starting a legitimate online home based business there are so many things that cross a person’s mind. One of the biggest challenges in starting a legitimate online home based business is the person themselves. Starting a legitimate online home based business can be scary because there is so much that goes into it. A legitimate online home based business is not something you can pick up and start doing without having money and doing research. The money aspect strikes fear in the minds of many; we all worry about money even if we have a successful legitimate online home based business . Not knowing where that money is going can be even scarier. We tend to ask ourselves so many questions when starting a legitimate online home based business. How much money will I need? How many hours will I have contribute to this business? Will I be successful? How long can I do this for? Am I smart enough to pull this off? Will someone help me? Believe it or not; if you have the right attitude you can have all of these questions answered and be happy in no time.

Probably the most asked questions by people are? How much money will I have to have in order to start my legitimate online home based business? And how much money can I make? Well, in-order to start a legitimate online home based business you will definitely have to spend some money. When I started my legitimate online home based business I spent about $100, I thought that was great; the problem was I did not make that money back. After making the necessary changes to my website I ended up spending another $500. Now here is where one of those fears comes in to play. Some people would spend that first $100 or more and give up because they lost it, and did not make anything in return. The fear creeps in and says to you “Do you want to put more money into this not knowing if you are going to be successful or not?” The answer is yes; no one who has started a legitimate online home based business has breezed through the start up phase; there is a trial and error period for everyone. If you can see where you went wrong and then change it, you are on your way to being successful. Legitimate online home based businesses are marathons, not sprints. I make changes to my website and thought process daily, get used to it. The ones who are successful in this legitimate online home based business can take the negatives and turn them into positives. In regards to how much money you can make it is up to you; you get what you put into it. I am sure we have all seen the “get rich quick schemes” that tell you can make $10,000 a week; guess what? They are not really telling you the whole truth. You actually can make that kind of money; I know people who are; what they do not tell you is how to do it before you sign-up. If you want to make that kind of money you better be prepared to work hard and be very resilient. I make great money doing this, but it did not happen overnight. You should expect to put at least 8 to 10 hours a week into your legitimate online home based business when you get started. The further you get into the process, the more time you will find yourself spending on your legitimate online home based business. From what I have seen, the people who are successful started out working some hard hours; worked even harder longer hours as time went by, and then worked less hours because they got their legitimate online home based business  to the point where their website does most of the work for them.

Another fear that creeps into our minds is; will I be successful at this? The answer to this question is up to you. If you want to be successful and are willing to do the groundwork, you will be. Here are some tips on how to be successful; first of all, it is all in your head. When I was younger my parents told me something I will never forget; they said, “Alexander, what you get done today may not payoff for you immediately; you might not see the desired results until years from now? When I heard that I got a little depressed; I was a kid and wanted things fast. As I have gotten older I realized how true that is; it is all about patience. When you start a home based business, try to set some big goals and even more little goals. The little goals are the ones that will payoff faster; the bigger goals will eventually come and give you the most satisfaction. Write down the little and big goals; fold the paper up with the big goals and do not look at it over and over again, you will get depressed. Keep the smaller goals in front of you and keep looking at them; that’s the road map to the big goals. Another thing to remember when asking yourself if you will be successful or not is: this legitimate online home based business is a very competitive. We all have had jobs and had competition; well imagine having thousands of competitors. In this business you are up against some of the brightest advertisers in the world. Don’t get discouraged though; there is enough to spread around for everyone to get a piece of the pie. Try not to worry about what others are doing; focus on your little goals and challenge yourself; if you do that, you will be successful. If you got the guts and work hard you will make your dreams come true. You do not have to be very smart to pull this off; you need to ask questions and try new things. You are only going to learn from the mistakes you make, and plan to make a lot of them. I make mistakes all the time, but I never make the same on twice, and that is the key. This legitimate online home based business changes all the time; you have to role with the punches in order to make your legitimate online home based business work.

In regards to getting help in this legitimate online home based business; remember you will never be alone. The Internet is loaded with resources and people who can help you be successful. There is not one question that you have about your legitimate online home based business that can not be answered almost immediately. Unfortunately not everyone will help you, but there are a lot of folks who can guide you through the process. I would not have gotten to where I am today if was not for numerous people. I belong to a legitimate online home based business forum where I can chat with people who are doing the same thing as me. Join one of these forums and latch onto someone who has knowledge and makes you feel comfortable. If you think you can start a legitimate online home based business by yourself, you are not going to make it. I am not smart, but my web friends are!! The skills I lack I lean on them for; the skills I have are used by them. We need to work together in order to find new ways to advertise and keep up with the ever changing legitimate online home based business world; if you try it by yourself you will be out of this legitimate online home based business in no-time. Another thing to remember is: be true to yourself and do not be one of those scam artists. If you play by the rules you will have a better chance of long-term success. If you lie to people you might make it for a little while; eventually your actions will catch-up with you. I am 27 years old and I do not know everything; I do know one thing though; what goes around comes around, that is probably the greatest statement I have ever heard, because it is true.

I want everyone to be successful in this legitimate online home based business. It is important to believe in yourself; YOU CAN DO IT! Just work hard and do not give up; do as much research as possible. The research will be the backbone of your legitimate online home based business . You need knowledge to succeed, and all the knowledge you will need is out there for you to grasp, and most of it is free.

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A business model (also called a business design) is the mechanism by which a business intends to generate revenue and profits. It is a summary of how a company plans to serve its customers. It involves both strategy and implementation. It is the totality of:

·        How it will select its customers

·        How it defines and differentiates its product offerings

·        How it creates utility for its customers

·        How it acquires and keeps customers

·        How it goes to the market (promotion strategy and distribution strategy)

·        How it defines the tasks to be performed

·        How it configures its resources

·        How it captures profit

Business models converts new technology into economic value. A business model draws on a multitude of business subjects, including economics, entrepreneurship, finance, marketing operations and strategy.

The main components of Business Model are

·        Value proposition

·        Market Segment

·        Value Chain Structure

·        Revenue Generation ad margin

·        Position in value network

·        Competitive strategy

Types of Business Model:

·        The subscription business model

·        The razor and blades business model (bait and hook)

·        The pyramid scheme business model

·        The multi-level marketing business model

·        The network effects business model

·        The monopolistic business model

·        The cutting out the middleman model

·        The auction business model

·        The online auction business model

·        The bricks and clicks business model

·        Loyalty business models

·        Collective business models

·        The industrialization of services business model

·        The servitization of products business model

·        The low-cost carrier business model

·        The online content business model

Applicability of  appropriate Business Model for Indian PSUs

·        Monopolistic Business Model :- It is a nearly a situation in which a single firm is the sole provider of a product or service. Indian PSUs is likely to command such situation for certain capital intensive high end product although Globalized economy can always  throw up challenge.

Pricing Strategy should be to set price where Marginal Cost should be at least equal to Marginal revenue. Reduction of operating cost by virtue of all Management techniques will maximize earning.

It is also often argued that monopolies tend to become less efficient and innovative over time, becoming “complacent giants”, because they don’t have to be efficient or innovative to compete in the marketplace.  Regulations and creating business focus of the company may have limited instrumentality in arresting such situation.

·        Razor and blades business model  or “tied products model” works by selling a “master” product at a subsidized price, and making the profit on high margin Service/ “consumables” / Spares etc. that are essential to the use of the master product.  Indian PSUs has got the scope to use this business model where it has to compete with International players.

·        The loyalty business model is a business model used in strategic management in which company resources are employed so as to increase the loyalty of customers in the expectation that corporate objectives will be met or surpassed. All encompassing support to the customers are primary requirement for such model. Indian PSUs are better poised in terms of Infra Structure to use such model.

·        Service Quality Model . In it, customer satisfaction is first based on a recent experience of the product or service. This assessment depends on prior expectations of overall quality compared to the actual performance received. If the recent experience exceeds prior expectations, customer satisfaction will likely to be high. Customer satisfaction can also be high even with mediocre performance quality if the customer’s expectations are low, or if the performance provides value (that is, it is priced low to reflect the mediocre quality). Likewise, a customer can be dissatisfied with the service encounter and still perceive the overall quality to be good. This occurs when a quality service is priced very high and the transaction provides little value. A an appropriate model for Indian PSUss.

·        Outsourcing  Considerations:- Looking fact that 73% of top global companies outsourced some processes or other, Indian PSUs‘ business strategy should encompass outsourcing philosophy in major scale primarily due to :-

Ø     Concentrate on Focus Areas / Core Competencies.

Ø     Access to World Class Capabilities, rather than possessing them.

Ø     Risks can be shared in terms of Capital Investments, etc

Ø     Reduction in Operating Costs.

Ø     Resources not available internally. Companies outsource because they do not have access to the required resources within the company. Sometimes this is due to expansion or reorganization. It may also be due to changing business requirements.

Ø     Accelerate re-engineering benefits. Outsourcing is often a by-product of another powerful management tool, business process re-engineering. It allows an organization to immediately realize some benefits from this process.

Ø     Cash Infusion. Outsourcing often involves the transfer of assets from the customer to the provider, such as equipment, facilities, leases and licenses.

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They Laughed When I told Them About My Business-start-up Ideas…but when it worked they were shocked.

It’s no secret that many in our society are looking for home business start-up ideas.

It’s a much easier task when you are dripping in gold (which is a great commodity as we speak.)

But if you are like most people your business-start-up can be the most challenging… which is why the start is what stops most people.

Business consultant Marshall Thurber said it like this \”anything worth doing well is worth doing badly in the beginning\”. Obviously, you are reading this because you are serious about which direction to take to start-up your business.>b>