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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 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: , , , , , , , , , , , ,

Changing trends in the packaging to sell more in crisis times

August 6, 2009 By Leave a Comment

Some trends in crisis times are changing, one is how to display products to be sold to the public.

It is usual that big corporations use big packaging to give the impression that the consumers will get more than they are paying. Perhaps, that trend now is changing.

The costs of unnecessary packaging material and storage have been producing smaller packaging.

That is at least the new policy that has developed a company that markets a range of products for water sports known as  Destination Water as is reported by CNN Money.

This company grew 14% in 2008 compared to 2007 and for 2009 has a plan to grow over 12%.

The interesting thing about this policy of use small packets is that the consumer has received it positively as there would not be perceived as a waste of resources in times of economic crisis.

Sometimes simple changes such as the one discussed here, which also produce significant savings, changes for better the face of a business producing more sales to make more money.

You can read this story about Destination Water on CNN Money by clicking here on this link

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

August 6, 2009 By Leave a Comment

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

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

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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

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The best business school for an MBA full or part time, distance or executive

August 3, 2009 By Leave a Comment

The best business school for a MBA is one that meet your personal needs.

There are several rankings about the best businesses schools to study a MBA (Master Business Administration) however, beyond these rankings you have a certain needs and it is best to establish our own ranking based on those preferences.

Business Week magazine has a tool that allows us to compare between different business schools in the various systems as potential full-time (full time), part time, executive or distance.

The factors of comparison is the GMAT score, tuition among others.

A MBA is very expensive and involve two years of  full time of studies. You should add to the price of tuition, living costs and board,  the cost of money that you do not make these two years.

For that reason, various programs of prestigious universities like Harvard, MIT, Wharton, Kellogg, Cornell, Columbia among others show a series of statistics about how you improve your business opportunities after study a MBA.

Finally, study an MBA is a personal decision and there are many examples of successful people that never studied an MBA as Bill Gates, founder of Microsoft who left the university to found their empire computer.

You can access to this tool of Comparison Business School (MBA) at Business Week website by clicking here on this link

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

Improve your business credibility and you will get more money

July 17, 2009 By Leave a Comment

Don’t matter if your business is big or small, always the money is the most important factor for a succesful project.

Obviously one of the main source of money are the banks and for that reason you must have a good credit reputation but how  to improve your business’s credit?

The New York Times gives us some tips on how to achieve it. Following a summary:

1. You should separate the credit of your company from your personal credit.

2. Build a credit reputation requesting easy bank’s products as credits cards. The simple fact of using the company letterhead for communications with the bank also will help in marketing your business.

3. Request a phone on behalf your business and publish a notice in your local yellow pages. Take phone and pay your bills you will create a positive credit record.

4. Sign up for free mailings on behalf your business name.

I invite you to read the full article from the New York Times in English by clicking here in this link

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