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

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

October 9, 2009 By Leave a Comment

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

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

Small Business Ideas that really worth

August 11, 2009 By Leave a Comment

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

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