February 10, 2012

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

A simple and funny idea for design cups and mugs, make money with original and simple ideas of business

make moneymake moneymake moneymake money

The design of these cups or mugs are very funny and simples as should be any business idea.

If you want make money with a new business you will try to start looking stuff around. With something of imagination I am sure that you find new business ideas.

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

7 tips to have Sales Success and make more money with your business

Learn secrets or tips to sell is one of the most important aspects for success. Always we are selling something … sometimes ourselves. For instance, we are selling ourselves as good professionals to get the best job possible.

At Aspire Now website gives us Seven Keys to Sales Success. In summary they said:

1. Work your plan – double your manager’s goals for you, or double your sales figures.

2. Deliver what you promise.

3. Offer what you can deliver today.

4. Build relationships, not orders. Build 4×4 relationships.

5. Use your network. Keep people informed.

6. Keep some in reserve.

7. Spend time wisely. Time is our biggest resource — and our smallest. Use it well and make the sell.”

About the first tip they said:

“1. Have a planned quota or goal to achieve? Now double it. Set your goal as double or triple whatever your boss told you to sell. People tend to miss their own goals – on average, they only hit about 80% of the goal. Therefore, your goal needs to be higher than your manager’s goal for you. If you are in business for yourself, take your sales goal that you know you need to sell to make money, and triple it. Strive for that goal, rather than the break-even goal. You’re in business to make money, not lose it, right?”

You can read the full article from Aspire Now by clicking here in this link

Photo via Sxc

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

Earn Money With Your Photos – A Simple Way To Make Money On The Internet

If you like taking pictures that can be an effective way to make money.

There are various websites that pay you money if you send your photos, this is a great business idea. You can produce an adequate money return for your leisure if you loved take photos.

Following some websites that will pay money for your photos under some rules and policies that I recommend you to read very carefully.

The websites are:

Obviously there are other websites that you can investigate.

Explore your artistic side, have fun and make money … can you request more?

Make your Business Idea works

Suddenly you already have a business idea to make at home, low budget or high … but is it is good idea or not?

Seth Godin, one of the gurus of the business, interviewed by the magazine Business Week points out in summary the following:

1. If you already have the idea now concentrate on the business model is like going to develop this idea.

2. It have an idea might take 5 minutes of inspiration, however explore how to implement the process takes more time and work. If a business idea to make at home you should ask for example if your family is going to support you or not, that resource accounts, how will the distribution of products.

3. After taking the idea, focus in the process. The design process takes time. In addition to the factors outlined above should see how you will set the price, legal issues and much more.

4. Do not try to invent new business models, which must be original is only your business idea. A most striking example is perhaps the case with Microsoft and Apple. The two companies are business idea development software, but the business model of Microsoft is to sell its software for use on any computer, the model of Apple is that their software works only with their own products we also sell software Macs, Iphone, Ipod etc.

5. Do not do focus groups, that are inaccurate to the level of a small business. Once you have developed your business model and thus prepared a business plan for yourself you must be honest enough to evaluate whether your plan will work or not. So it is important to separate the idea of the business plan choosing a business development model.

This article try to takes ideas from an interview made to Seth Godin but contains other ideas of the author of the note. You can read the original interview from Business Week by clicking here in this link

7 Tips for Conquer The International Market – Export Now

Make your business take off and fly to international markets.

At CNNMoney website give us 7 tips for conquer the international market and to return your business ideas globalized. Following a summary with some comments:

1. Start by choosing a country which is friendly with imports. Each country is different and one must know how friendly it is with imports from third countries, the more protectionist a country is more regulations are going to exist and the more difficult it will be for you to enter this market. See page World Bank to have an idea of which country is more friendly.

2. Research on the websites of the country objective. Check its  tax treatment to goods imported maybe that is going to be expensive when your product reaches the consumer.

3. Know your suppliers and distributors. Research references and if possible visit them in person, face to face contact is important.

4. Visit fairs target country. Be present at a trade fair is expensive, so there you will find suppliers who are usually well established businesses.

5. Increase your  diplomatic skills. There are always cultural differences and you should be prepared to see them. It must shake hands, give a kiss on the face, who pays the restaurant bill? Knowing these little cultural details that make the difference.

6. Be careful with the logistics. Once you’ve decided to go to another country should be aware of the logistical problems that your product can physically reach the destination country.

7. Protect relationships. Build and cultivate in time the relationships with your suppliers and distributors.

Photo via StockXchng.

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

7 Ways To Finance and Get Money for Business Ideas

One of the biggest obstacles to a business idea is how to get money to finance and develop your business idea.

You are a winner, never lose sight of this premise. Very few people have business ideas and very few dare to make them happen. If you are looking for money for your business idea means that you belong to the elite of entrepreneurs.

If your idea is good you will find the money.

CNN Money gives us ideas on how to finance 7 business ideas:

1. Bootstrapping. This word means to get money wherever they can. The founders of Google for instance used the money they have from their credit cards.

2. Friends and family. Requests borrowed money, as you again say if your idea is good, everything is possible.

3. Banks. Calls for a loan, it is sometimes difficult but not impossible.

4. Awards or building loans. Find out which contests you can participate in your community there should be several. In addition, there are loans available to small businesses. Investigate and find the money.

5. Angeles. If your idea is good you’ll always find someone to help you. Have faith in human nature, we all want to help someone. 

6. Partners. Find a partner who wants to join your business idea. Sometimes this leaves a bad taste but it is better business ideas and share profits that do not see them run. [Read more...]

5 tips if you want to be successful in a new small business

Many times we hear a series of stories of people who have become millionaires overnight. In this website we have several stories of success however almost all of them there has been enough work.

At MarketWatch website I have found an interesting article with five tips for starting a successful small business.

In summary the tips are:

1. Determine if there is a real market for your business. Caution here that sometimes one is misled by the enthusiasm of the idea of your business.

2. Analyze your competition.

3. Make a business plan for 5 years. The business plan is an essential tool that never, for any reason should fail to develop.

4. Keep your accounts in order.

5. Constitutes a separate company for their personal assets of any business that involves risk.

You can read the full article at MarketWatch website from which I extracted these ideas by clicking here.