February 10, 2012

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

How a small business earn a lot of money with its website, a model business to follow

The New York Times usually publish several articles about cases of successful businesses.

In this case NYT made an interesting report about how an small business is making a lot of money with its website named AskPaty.

AskPaty is a website that give advice about cars, automotive advice, advice on car buying, maintenance and other related automotive topics. However, the difference with other similar websites is that AskPaty is thinking for women.

Who had this business idea was obviously a woman who didn’t find information about cars with that point of view.

As the case of AskPaty the NYT reported other cases of small business that launch successful websites where their founders are finding new business, new sells and new sources of make money online.

The internet technology is inexpensive and is easy to learn the tools for build a social media. You can built for yourself your ecommerce business with several scrips, many of them free.

If you are thinking to start your own business maybe you should start making your own website or blog por make money by internet and explore the opportunities that your business idea could have.

You can read the NYT article mentioned 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