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How To Start A Small Business Advice

Every business starts out small. The people who own chains like Wal-Mart or perhaps Sears did not start out with a series of stores. They started out just like every other business owner out there. Though there are a lot of small businesses that fail, there are some that grow and thrive as if they have taken on a life of their own. When you are starting out you need some really good small business advice to get you going in the right direction. There are many places where you...

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Every business starts out small. The people who own chains like Wal-Mart or perhaps Sears did not start out with a series of stores. They started out just like every other business owner out there. Though there are a lot of small businesses that fail, there are some that grow and thrive as if they have taken on a life of their own. When you are starting out you need some really good small business advice to get you going in the right direction. There are many places where you can get this type of advice, and it will be up to you to decide what advice is good, and what you should ignore.

If you want to get small business advice from someone in your own community, you want to look for a successful business in your area that will not be in competition with you. Though someone who might be direct competition for you, they may be willing to give you advice, but I wouldn’t count on it. You want to ask someone for small business advice if the creation or existence of your business will not threaten his or her own success. That may sound like common sense but there are many who don’t take that into consideration.

You may also get small business advice by looking online. You may have to weed through hundreds of bad web sites to find a good one, but there is a lot of great advice out there. Much of it is common sense, but there are sometimes when even the smartest people need to have things spelled out for them. Small business advice is mostly common sense, but there are trick and tips that can help a struggling business become a very successful business. Sometimes, it’s just a matter of making a few small tweaks in your plan.

There are many books out there that offer small business advice as well. These are often great sources of information. These are written by those who have had great success with a small business, and they are now willing to share what they know with everyone else. This small business advice might be catered to one type of business, but you can always take these tips and apply them to your own endeavor. What works for one business might not work for another, but with a little work and creative thinking, you can find the advice you need.

 

How To Start A Small Business Part 1

9 years ago, I decided I would rather struggle and starve than find a normal 9-5 hr (is there such thing as 9-5? I wonder) JOB. I was just a greenhorn right out of high school at ripe age of 17. I had my shares of ups and downs. And boy, do I have few horror stories to share?

Today after putting together a successful business, I often wonder if I’d do things differently if I have to start again. Of course there are tons of things but I am going to highlight most important ...

How to start a small business

9 years ago, I decided I would rather struggle and starve than find a normal 9-5 hr (is there such thing as 9-5? I wonder) JOB. I was just a greenhorn right out of high school at ripe age of 17. I had my shares of ups and downs. And boy, do I have few horror stories to share?

Today after putting together a successful business, I often wonder if I’d do things differently if I have to start again. Of course there are tons of things but I am going to highlight most important ones here. I know these are going to help you a lot.

I don’t know why you are starting out? may be you don’t like your boss or may be you think it’s better to work yourself and make all the money. Regardless of your reasons, you’ll find this list helpful. Don't forget you can use these techniques on internet too.

# 1. Have More confidence in Your Skill : No matter who you meet, be it an expert businessman or an authority figure in your niche. Have more confidence. I cannot stress this enough. If you have worked hard to learn a skill then I can bet, there are only a few people better than you.

I was a programmer and I understood this unknowingly to the extent I was arrogant about it. I have met many highly paid programmers and knew their skills weren’t at my level. If I start again, I’d not mind crossing the arrogance line once again.

Why? If you are confident in your skill, that’ll come across in your communication and will help you land a client or two regardless of your experience. I had more than few HR managers of big firms looking to hire me.

# 2. No More Free Work : I’d do no work which doesn’t get me paid right now. Nope, never. I did this mistake to “build my portfolio”. And trust me not many people trust your skills if you are working for free.

If you like doing charity work, then I can show you tons of guys who’ll squeeze every drop of blood out of you before you say “Hi”.

# 3. Give discounts or Free for promise of more work: Now my first client was like “If you work for me, I’ll get you this guy, that guy and that guy’s account and more over you guys aren’t even experienced, nobody will pay you a single dime”.

If that happens to you. Find a better client. Trust me… This client was big headache. I had a bad hunch, but my partner told me to go ahead. Now this client would change his requirements of this project every day and then later cut down the deadline from 90 days to 50 days.

If you have been in programming, then you know it’s not easy at all. From coding, to testing and debugging. We worked like maniacs… and what we got? Nothing, Nada, zippo.

No more price cutting or competing on price. You'll always end up on losing side.

Well the only good thing we got out of this client was understanding how to deal with people like him. That’s it. Never got paid for this project. My finger tips still hurt after working for him day in day out. I might talk more about dealing with guys like him in another post.

You'll read 4 more tips in my next part of this series.

 

How To Work From Home And Make Money Online

Making money online requires just as much work as traditional brick and mortar businesses. Research the return on your investment when choosing what products you will market in your new home based business.

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If you are just starting your home-based business you will need to answer some very important questions to get yourself started in the right direction.

Question#1: What type of products will I market?
Questions #2: Who will I market to?
Question #3: How much money will I need to start my home-based business?
Question #4: What type of return on investment will my online business generate?
Question#5: Who are the EXPERTS in the world of online marketing?

Do your due diligence regarding the many options available in the world of home based businesses and making money online. You want your home based business to be as successful as possible so I suggest choosing to market a product you really are passionate about. Do you like sports?, Travel?, Money?, Cars?, Boats?

Working from home and making money online will allow you to market your products to the entire world. Think about the reach you will have, it’s incredible! Time zones, age, education level, hours of operation; the internet does not discriminate when it comes to making money online.

The start-up costs of your new home-based business will include initial product purchase, online advertising and marketing budgets, Web site hosting fees, telephone bills, software, hardware, educational materials, office products, Domain name, merchant account fees, etc. The good news is having a home based business affords you many tax benefits so get with your accountant regarding these perks!

Making money online requires just as much work as traditional brick and mortar businesses. Research the return on your investment when choosing what products you will market in your new home based business. Choosing a product that nets you $10 per sale vs. a product that nets you $1000 per sale makes a big difference in your online marketing success.

Once you determine the industry and products you will market study the successful home-based online marketing masters. No need to reinvent the wheel follow the lead of these gurus making money from home.

I am a home based business owner and am available for consulting with you as you are getting your new business up and running.
Check out my websites and feel free to contact me.

Good luck in your new home-based business!