February 10, 2012

What to do for get money for my business idea

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

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

Successful Business Ideas, special food for special people

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.

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