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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

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Successful Business Ideas, special food for special people

October 12, 2009 By Leave a Comment

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.

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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

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What is the best product to sell and make money?

September 15, 2009 By Leave a Comment

The title of this post is a usual question when you explore the business world, well the answer is very easy, the best product to make money is yourself. You should start selling to yourself before trying to make money with anything.

When you go to a store what products you chose? … the products that you need and among them the products that look better or maybe has more gadgets.

If you think that you are a product … will you buy to yourself?

You are always “selling” you, as a husband or wife, as a father or mother, as employee or boss. As any product of a store, you should look the best way that you can, you have to project an image of success.

Projecting an image of success is a powerful tool that gives you authority. If you see someone with a BMW or Mercedes and another who did not even have a car and both give you a tip for making money, which of them would believe more?

Then the first business idea you have to develop and sell is yourself, apply all rules of marketing to yourself.

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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

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