February 10, 2012

You are here: Home / Archives for Finance

What to do for get money for my business idea

October 13, 2009 By Leave a Comment

When you have a good business idea the money never is a problem because if you know to sell it you will always find someone who wants to invest in it.

But like everything in life, business ideas have to be sell.

In an interesting article in Cnn Money , they recommend that we should divide their work into two parts:

1. Preparation of business analysis that will present to potential investors and,

2. The creation of an adequate social network that allows me to reach potential investors to which I will sell my business ideas.

In the interview with the potential investor one must be prepared to answer the following questions:

  • 1. Who is the customer?
  • 2. What is the product or service?
  • 3. What is our goal in this business idea?
  • 4. What is the value of our business proposition?
  • 5. What is our market or target markets?
  • 6. What is our past, present and future financial conditions?

You can read the full article at Money Cnn website by clicking here on this link

Filed Under: Business Ideas, Finance, Make Money, Marketing, Motivation Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

How to start a new business, become successful, and make money

October 12, 2009 By Leave a Comment

If businesses were easy any one will have a business. The true is that start a new business is a hard process where only few survive.

If you look around you many businesses are open every day but many also closed all day. According Money CNN in 5 years there is a 50% chance that a small business to survive.

The secret that you are not among those who fail is based on 3 aspects:

1. Education. You should be educated permanently in business. Attend conferences or seminars in your country, read, learn.

2. Planning. The famous business plan that we have stressed several times.

3. Careful cash flow. This is a vital issue, many businesses fail because had not adequate cash flow even though the business was very good.

Where to start?  As I said in another article, the passion is not everything, investigate, educate yourself, plan and watch your cash flow. Never forget that you are a winner and the success is inside you.

Photo via Sxc. You can read the article cited at Money CNN by clicking here on this link

Filed Under: Business Ideas, Careers, Finance, Make Money, Motivation Tagged With: , , , , , , , , , , , , , , , , ,

Look and learn how you can start a life only with U.S.$25 dollars

September 17, 2009 By 1 Comment

Money and money, many people think that only if you have a good position with a lot of contacts you can grow as person. If you read our blog frequently you might think that many business ideas that come here are impossible to achieve.

Well the Christian Science Monitor give us an experiment that show us that your are wrong.

Adam Shepard, did an experiment. He left home and went to live in a homeless shelter in a community of people with no money, only $ 25 in his pocket.

Without using any of your contacts and friends, after 10 months, came to have an apartment, a car and a U.S. $ 5000.00 savings.  

Find inspiration in the story of Adam Shepard to move forward with your business ideas, save money for capital that will serve to develop your business tomorrow.

“Alone on a dark gritty street, Adam Shepard searched for a homeless shelter. He had a gym bag, $25, and little else. A former college athlete with a bachelor’s degree, Mr. Shepard had left a comfortable life with supportive parents in Raleigh, N.C. Now he was an outsider on the wrong side of the tracks in Charles ton, S.C.

But Shepard’s descent into poverty in the summer of 2006 was no accident. Shortly after graduating from Merrimack College in North Andover, Mass., he intentionally left his parents’ home to test the vivacity of the American Dream. His goal: to have a furnished apartment, a car, and $2,500 in savings within a year.

To make his quest even more challenging, he decided not to use any of his previous contacts or mention his education.

During his first 70 days in Charleston, Shepard lived in a shelter and received food stamps. He also made new friends, finding work as a day laborer, which led to a steady job with a moving company.

Ten months into the experiment, he decided to quit after learning of an illness in his family. But by then he had moved into an apartment, bought a pickup truck, and had saved close to $5,000.”

Read the interview to Adam Shepard by clicking here on this link

Filed Under: Blogs, Business Ideas, Careers, Culture, Finance, Life & Style, Make Money, Motivation Tagged With: , , , , , , , , , , , ,

How to teach your children the value of money and become millionaire

September 14, 2009 By Leave a Comment

[

Saving only U.S.$100 per month beginning at age 4 and ending at age 18 you could become millionaire if you invest that money and remains untouched until age 62 as the above chart show.

The picture has been taken from Yahoo Finance. The secret to being a millionaire is to start as soon as possible. Instead of buying toys for your children you should start saving in your child’s name and teach them the value of money. About it at Yahoo Finance website you can find interesting guides about How To Teach Your Children The Value of Money. You can read there: 

“5. Make Saving Interesting

You hear it every time you walk by a toy store: “I want…Buy me this… !” Again, pause and take a moment before responding. This situation presents a great opportunity to teach another important lesson about personal finance: savings and interest. Explain that people often save their money for items they want to buy.

A simple savings lesson involves using a piggy bank, shoe box, or empty peanut butter jar. Make the lesson fun by having your children decorate the “bank,” while explaining to them how you also use a real bank to save your money. Encourage your children to save a portion of their allowance for a special goal. As they save money, you might reward them with a small additional amount, just like a bank pays interest. At the end of each month, calculate how much they have saved and then chip in a certain percentage as interest.

Last, to further encourage the learning process, you might consider plotting a visual chart of their savings (include the goal) so they can easily see their savings grow. Remember to keep it as simple as possible, geared toward each child’s level of understanding.”

You can read these guides on Yahoo Finance by clicking here on this link

Filed Under: Business Ideas, Careers, Finance, Life & Style, Make Money, Motivation Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Secrets for invest in stocks and make money from a top university investor

September 14, 2009 By Leave a Comment

The Wall Street Journal report that Harvard, Yale Are Big Losers in ‘The Game’ of Investing. The report said:

The schools were hurt by investments in assets that can’t readily be sold, such as private-equity partnerships, which were pummeled in the past year after stellar results over the previous decade. In the category Harvard calls “real assets,” including timber, commodities and real estate, annual losses neared 40%.

However the advices of David F. Swensen who manages no less than U.S. $ 22.5 billion Yale Foundation in the United States, still are valid.

On an interesting interview given to The New York Times, he gives us 3 simple tips for the individual investor wants to invest in securities:

1. Keep things simple and not complicated to make any investment.
2. Keep investment costs low and
3. Make a periodic review of our investments in line with our long term goals.

I recommend you to buy and read his book “Unconventional Success: A Fundamental Approach to Personal Investment” (Free Press, 2005):

He proposes a portfolio of 30 percent domestic stocks, 15 percent foreign stocks, and 5 percent emerging-market stocks, as well as 20 percent in real estate and 15 percent each in Treasury bonds and Treasury inflation-protected securities, or TIPS.

The idea that diversification is that you get an adequate return. Anyway always remember that any investment involves risk.

Filed Under: Business Ideas, Finance, Life & Style, Make Money Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

How to sell my business idea and get money for my project, learn to sell your idea

September 4, 2009 By 2 Comments

If you have a business idea you should to learn how to sell it to potential investors.

Forbes give us some advices about how to sell a business idea. On summary with some comments:

1. Avoid calculation mistakes in your presentation. If you make a projection of profits, be very careful in your mathematics calculation.

2. Do not use overloaded power points. On this point there are several books that even advised not to use power points that distract your audience. You need that your audience to be focused on you and the business idea that you are selling. In any case if you use Power Point follow regulation 6 of 6 (no more than 6 items per slide and no more than 6 words per item).

3. Never turn your back to your audience. If you need to see your Power Point slide do it for 1, 2 or 3 seconds or less. Use the rule “touch, turn and talk”, ie touch the slide, Turn around and keep talking.

4. Do not speak about details of your business if it is not intended to show the money.

5. You must have a good closing. Perhaps comments from the attendees can be an appropriate closure or perhaps the presentation of what other customers say.

6. Anticipate the objections your audience. You have to anticipate which questions will be your audience and answer them in your presentation.

7. Do not give multiple messages. The message should be toward one goal, one should not confuse the audience with perhaps other projects. Now selling exclusively your business idea and nothing more.

8. Know the audience. You have to know to whom you speak, the message is different if you talk to a banker if you talk to an investor who is perhaps another entrepreneur like you.

9. Do not ignore the risks of the business. You have to treat these risks, not doing so is to insult the intelligence of your listeners.

Luck and jump know to sell your business idea.

You can read the full article at Forbes website by clicking here in this link

Filed Under: Business Ideas, Finance, Make Money, Marketing, Motivation Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Dopplr a community to travel around the world, make money and save money

August 17, 2009 By Leave a Comment

Some years ago you should go to a travel agency to buy air tickets or travel packages, now the travel business have changed by the Internet.

Tourist agencies offering these services have been attacked by internet and you can buy cheap airline tickets or booking hotels using internet without having to engage the services of a travel agency.

Tourist agencies on the other side now compete with each other in the world and should provide added services to justify their fees if want to survive.

In this stage, it is interesting the business model of Dopplr. Iti is an online community where everyone can register and exchange ideas on various tourist destinations and where you can discuss where you think best and which not. You can comment about hotels and even airlines.

Dopplr also allows you to make lists of places to which you want to travel to see if you find other people who also want to go to these destinations and exchange ideas or even travel together.

From what I’ve been able to examine, Dopplr gets its revenue from advertising and offering different packages that can offer to those participating in this virtual community that is organized according to the places you want to visit.

If you want to start in tourism business, I recommend you consider the case of Dopplr and its business model to make money.

You can visit Dopplr by clicking on this link here

Filed Under: Business Ideas, Finance, Life & Style, Make Money Tagged With: , , , , , , , , , ,

How to make a Budget if you are a freelancer with variable income

August 7, 2009 By Leave a Comment

It is usual to read that you should make a budget to control your personal finances.

That sounds great but what happen if I have an irregular income, how will project my expenses and inversions?

Well Get Rich Slowly, one of my best blogs about personal finances, give us some advices.

His author summarize two methods for making a budget when revenues are variable.

1. The average method. This method consists of making an average of our income for the last 12 or 6 months. That average number will be my estimate income in order to make my budget and find the balance with my expenses.

The problem with this method, as the author said, is that if one month I have zero income this method could be a nightmare. If I do not have enough savings will not balance my expenses.

2. The method of the lowest income. In this case is not an average but it takes the lowest income I’ve had the past 6 or 12 months.

This method is much more conservative and more secure.

You can read the full article with graphics and more on GetRichSlowly by clicking here in this link

Filed Under: Blogs, Business Ideas, Careers, Finance, Make Money Tagged With: , , , , , , , , , , , ,

Lease shared offices for save money when you start-ups a new business

August 4, 2009 By Leave a Comment

For me one of the best advices when you are in business is that you always must care the cash flow. This advice is more true when you start-up a new business because ussually  you cannot see fresh money after several weeks or even months.

An alternative is therefore to start a new business by renting offices shared with other people with businesses like yours as the Wall Street Journal comment on its website in an interesting article:

“For entrepreneurs, it’s a cheaper and more flexible alternative to renting or buying space of their own. The 32-year-old Mr. Roediger and his partner contracted with Qwirk Columbus Corp., a recently opened co-working space in downtown Columbus, Ohio, to pay $500 a month for two desks in an office, computers with Wi-Fi, use of conference rooms, a shared printer/copy/fax machine, espresso maker and more. Mr. Roediger estimates he’s saving $300 to $400 per month on utility bills and not having to rent space he doesn’t need.”

As you can see the savings can be significant.  Maybe the hardest part is to find the perfect co-tenant.

You can read the full article from The Wall Street Journal by clicking here on this link

Filed Under: Business Ideas, Finance, Make Money Tagged With: , , , , , , , , , , , , , , , , ,

What is the size of Bill Gates’ Fortune, look 40 billion U.S. dollars

August 4, 2009 By Leave a Comment

At CNBC website had published this interesting graphic.

Bill Gates, one of the founders of Microsoft is one of the richest men on the planet. His fortune is estimated at 40 billion U.S. dollars.

Sometimes it easy to say 40 billion dollars but it is certainly hard to imagine how it would look like … in this graph you can see how look  Bill Gates’s fortune. The 40 billion dollars are in one-dollar bills, and if we put one buck on another in one column, it cross all United States of America from Miami Florida to Seattle is at the other end.

You can view others similar graphs at CNBC website by clicking here in this link

Filed Under: Business Ideas, Culture, Finance, Make Money Tagged With: , , , , , , , , , ,
« Older Posts