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5 Sources of Equity Capital for Your Business
If you're thinking about getting outside or equity capital to help fund your business, there are some things you need to do first, that can make your business more attractive to investors. Follow these simple ideas, and you'll be well on your way to...
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Sometimes it's Not What You Know But Who You Know That Matters
The difference between 'getting by' at work and being successful is not solely dependent on technical skills or knowledge. We all know colleagues who have strong 'people skills' and not the strongest technical abilities but who nonetheless possess a...
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Entrepreneurial Lessons from Willy Wonka
What can you learn about business from a children's movie? You can learn some great entrepreneurial lessons from the recent film "Charlie and the Chocolate Factory" starring Johnny Depp.
WARNING -Spoiler Alert- If you have not seen the movie...
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Keep An Eye On The Big Guys...
If there's something you've got to keep an eye on on the internet, it's the big guys. Their movements have ripples that reach to every corner. When Amazon thought of the idea of having other sites reselling their products, they changed internet...
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Starting an Online Business from Scratch
One advantage of doing business online is that you can start from scratch without investing much money. Here is a 27 Step Action Plan to help you get started...
1. List 5 hobbies, interests or areas of expertise. If you want to start a new...
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Your Online Business and Free Advertising
You have finished building your own website. You have introduced your company and presented your products and services. You have added propositions and promos to catch your target audience's attention. You think you are doing everything "right", but...
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Characteristics of the Successful Entrepreneur
Studies have shown that successful entrepreneurs possess these characteristics:
1. Self-confidence
This is that magical power of having confidence in oneself and in one's powers and abilities.
2. Achievement Oriented
Results...
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10 Ways to Save and Make More Money in Business
Don't you just love Paul Simon? The lyrics to his songs are not only pleasing to the ears, but can be inspirational. Imagine yourself enjoying the warm autumn sunlight while listening to Paul's song, "50 Ways to Leave your Lover". Now, stretch your...
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If you think that starting your own business is the answer to your problems; whether it's money, child care, illness or a desire for more free time, then you MUST choose wisely.
Too many individuals eagerly leave their paying jobs in order to pursue their own business only to return to the unemployment arena looking for work and carrying a massive debt from their ventures.
How can you find the answer to your quest for self-employment without failing?
DESIRE
DISCRETION
DISCIPLINE
DESIRE ----
If you think that running your own business is merely a matter of using your brains then you are sure to be disappointed. Successful entrepreneurs have a common thread no matter if they run the run a country gas station or a Fortune 500 company - DESIRE. If you don't have the drive and determination to work for yourself - if you can't give up the security of a regular pay cheque - you will have great difficulty working for yourself.
DISCRETION ----
Expect to fail. There are many opportunities available. Some are good, some are frauds and several are absolutely perfect - for YOU. Each individual's strengths and talents will impact which business model will suit them best. If you are very shy or hate to talk to people than it would be wise to stay away from businesses that require a lot of face-to-face selling. If the product is not something you would personally use it is not something you will want to promote and that will show in your efforts.
Take stock of your abilities and interests and try several businesses that are related. Not all will suit you, but trying things will ultimately improve your business skills overall. If you do fall for what turns out to be a fraud, consider it education and move on - you will not likely make the same mistake again.
Consider talking to business owners who do what you want to do or to people who may use your product or service. Research the business and read the fine print!
DISCIPLINE ----
You don't have a boss or a time clock, but if you expect to make a living then you will have to discipline yourself. Have a schedule that you follow every day. Plan your time wisely. Although many procrastinators actually do well working for themselves it is still vitally important to know what needs to be done and to have the discipline to follow through. A few bad jobs or unhappy customers can have lasting impact on your business.
Many have found great happiness and success working for themselves. Enjoy the search and find YOUR perfect business!
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How To Raise Capital To Fund Your Business
Raising capital to start a new business may seem like a daunting task, but it need not be overwhelming if you follow a few basic business practices. If you have a viable idea that will net a return for your investors and prepare a compelling...
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