February 10, 2012

What to do for get money for my business idea

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

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

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

Successful Business Ideas, special food for special people

There are a lot of research about the risks of a restaurant as a business (read Why Some Restaurants Fails as Business Idea).

However the restaurant business is still an attractive idea for make money. As the market is already saturated maybe you should think to focus your restaurant in specialized food.

Look these ideas about it:

1. Food Allergy specialist. Here there are several alternatives depending on the type of allergies. You should do an investigation of population density in your city that suffers from allergies so determined to give more prominence to a product over another.

2. Food Diabetic specialist. The importance of this market is indisputable. On supermarkets you can find special lines of this kind of food.

3. Food organic specialist. This item is perhaps one of the most exploited, but the suggestion is to distinguish the presentation of the other specializations.

4. Food specialized athletes. This item is also over-exploited but more from the perspective of vitamins and supplements. You can give a new approach with special recipes provide effective counseling with a nutritionist.

5. Food for weight loss specialist. Here you need the advice of a nutritionist to do business differently. You could sell not only products but also how to use them together to achieve goals.

6. Food specialist to reduce certain pathogens in the body. One example of this is people with high cholesterol that should to do special diets. So there are several diseases that require special diets. Visit your city clinics and find out where they will be more successful.

The restaurants as successful business. Why some fail and others not?

The passion is not everything.

Business Week give us that explanation as a  the reason because some business fail and others not.

In an interesting article, Business Week detail how some restaurants fail and other has success. All of them start from the same business idea, so the problem is not the idea. So what happens?

Simple, passion is not everything. Maybe you heard or read that to succeed you need passion and if well it is true, that’s not all.

As developed in Business Week you should know business management, dealing with clients, marketing, management tools, among others knowledge.

There is the misconception that you’re going to lunch at a restaurant may already know everything about the restaurant business and that is not true.

Business Week cites a successful case where just to avoid that problem, the entrepreneur first gave up his job to work in a restaurant and order and learn a few things that had never encountered in their previous research.

You can read the full article at Business Week website by clicking here on this link

Small Business Ideas that really worth

When you are seeking business ideas you should think “what I enjoy to do?”. Tomorrow you will be dedicated 100% in that business idea so if you want to be successful you should like your business.

The wonderful thing about business is that you can do anything that you like if you put enough effort, passion and knowledge to develop a business model. Everyone has an expertise to sell or to share with others.

Maybe, you like to watch TV all day and you have the expertise about showbusiness or about what Tv Program works or not, perhaps if you make a blog you make money writing about it.

The issue really is how I approach my expertise toward a busines model that really worth. For that a clue that could help to find the right way is to know what are the people preferences when they buy over the internet. The magazine Pandecta give us to the following information:

  • - 29% Software
  • - Books 17%
  • - Music 16%
  • - 16% Computers
  • - Travel 10%
  • - Other 12%

If you’re considering a small business or home based business you should research the trends on the market and maybe the above numbers could help you.

You can read the Pandecta article by clicking here on this link

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

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

8 tips about how to become millonaire with a t-shirts business

Do you believe that someone could be millionaire selling t-shirts?

Well this is the story of Johnny Earle, 27 years old and founder of the company Cupcakes.

Cupcakes began 2001 with just $ $ 6,700 and in 2008 had sales of U.S. $ 3.8 million.

Cupcakes has as main product t-shirts with original designs that are selling in an original way.

In an interesting article on NPR, Jhonny Earle gives us some tips on how to start a success business:

1. Don’t rush. First impressions are everything. Don’t release any product unless you know for sure it’s as good as you can get it to be.

2. Don’t get bummed out if you go broke. You have to spend money to make money.

3. Travel, travel, travel.

4. Get a catchy domain name. Do something different, original, and memorable. Take your time coming up with a name.

5. Try to limit/not mass produce anything. Everyone wants what nobody has.

6. Be prepared to toss out any relationships or hobbies, if need be. You have to put 110 percent into building any company. You need to get your own act together before taking on a relationship.

7. Focus, focus! Living a drug-free, alcohol-free lifestyle my whole life has enabled me to save money, think straight, live healthy, focus more, and use my time wisely. I’m not saying do what I did, I’m just pointing out that you’re going to have to make your company your first priority.

8. Personalize your online orders. Johnny Cupcakes shirts are wrapped in special cupcake tissue paper, and usually come with a Ninja Turtles or Garbage Pail Kids card. Taking a couple of extra minutes to do that puts a gigantic smile on someone’s face!”

I hope that you find this advices usefull. You can read the full interview to Johnny Earle at NPR website by clicking here on this link

Twitter as a marketing tool for make money and new business opportunities

Twitter is the new revolution to make business don´t matter if you have a big or a small business. If you are in business and not have your own Twitter maybe you are losing money.

The New York Times reported for example some successful cases where twitter is used as a marketing tool for doing business and make money:

“SAN FRANCISCO — Three weeks after Curtis Kimball opened his crème brûlée cart in San Francisco, he noticed a stranger among the friends in line for his desserts. How had the man discovered the cart? He had read about it on Twitter.

For Mr. Kimball, who conceded that he “hadn’t really understood the purpose of Twitter,” the beauty of digital word-of-mouth marketing was immediately clear. He signed up for an account and has more than 5,400 followers who wait for him to post the current location of his itinerant cart and list the flavors of the day, like lavender and orange creamsicle.”

The great advantage of Twitter is that it costs absolutely nothing and their expansion and market penetration is growing very rapidly.

When I start my Twitter account I was a little bit disappointing but when I discovered applications such as TweeDeck I understood the huge potential of Twitter. These tools make Twitter a great chat with text messages where I can chat with hundreds or thousands of people at once depending on how many people follow me.

I invite you to use Twitter by clicking here on this link. Visit also TweetDeck in this link.

You can read the full quoted from the New York Times by clicking here on this link

Adventure, travel and tourism, start a business with three thousand dollars and sell millions of dollars

As reported by INC, Adventure Life starts in 1998 with just $ 3000 dollars to buy two brochures and a laptop.

Its founder Brian Morgan has only 35 years old and today this business idea reported sales in 2008 of U.S. $ 11 million dollars.

Adventure Life offers a series of adventure travel to exotic locations throughout South America.

This is its Mission Statement:

“Adventure Life is committed to providing quality small group tours that have a positive impact on the local culture and environment. Groups-size is kept to a minimum, welcoming a friendly and relaxed atmosphere. Each tour is designed to present the best of each region, at the same time allowing freedom and flexibility for the unexpected and unpredictable that make each tour, each destination, unique. Our goal is to provide a fun and exciting holiday, while creating a better understanding between travelers and our wonderful hosts.”

Brian used his knowledge of these places and his Spanish language skills to start this business which is itself an adventure in your own life by using his own hobby.

Everyone is experts in something, all we are, it’s only a matter of turning that experience into a business idea. Brian Morgan’s history is a clear example of this.

Adventure Life can visit by clicking here on this link. Also you can visit the INC report by clicking here on this link

The Business Of make Weddings

The New York Times highlights in an article the various businesses around the marriage.

Now, say “yes accept” is not enough.

There are coaches for weddings, photographers, rentals, a total niche business to explode. The big advantage is that as weddings usually are held on weekends, this is a great business idea to be developed on weekends as part time job.

The wedding business is closely linked to other social events such as children’s parties or family gatherings.

If you have good taste and likes to organize parties this is an excellent opportunity to develop their skills.

Read the full article from the New York Times by clicking here in this link