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Business Letter

How To Focus On The Task At Hand With Your Online Home Business

When most people decide to take the plunge and go into business for themselves with an online home based enterprise they’re sometimes so excited about the prospect of working from home with no boss to hold them accountable that they fail to realize this responsibility, along with many others, now falls into their hands.
This is one of the main reasons why 95% of new home business start-ups fail and this should be one of the main reasons why we need to plan ahead and take this situation into account. Unfortunately some of us need someone to fill the role of the supervisor who knows how to get the most out of us when they need it most.
Sometimes we need someone on the job to motivate us, to chastise us, to redirect us when we lose sight of our goals and to congratulate us on a job well done. So when we’re on our own in our home office and we get a phone call from one of our friends inviting us to go out for a beer or we’re just wondering if we should take the afternoon off because it’s such a beautiful day who is going to crack the whip and get us focused on what we should be doing.
The answer of course is us and we have to understand how to do this before we entertain any notion of quitting our day jobs and going it alone. The question remains how do we stay focused and keep ourselves motivated on a daily basis when we’re working from home. This is where self discipline comes into play and in order to have any hope of succeeding online we need to find a way to keep ourselves in line so we stay focused on the task at hand.
One way to accomplish this is to try to eliminate as many distractions as possible from our work environment. Your home business office must be your sanctuary so you can concentrate on making the money you need to succeed. This means you have a business telephone in your work space with no one other than your business contacts having access to the number.
Also, television and radio seem to break our concentration when we need it most so it’s best to eliminate these distractions from your office. If something happens you must know about you have immediate access to the information you need at your finger tips via your computer.
Alert your family to the fact that things have changed at home and you’re not to be disturbed unless it’s an emergency. There are to be no requests to run to the store for milk and bread and if anyone needs a drive somewhere they can call a friend. You’re at work during the designated hours and that’s how everyone in the family has to approach the situation.
If you’re tempted to take a day off and go to the beach just remind yourself why you’re working from home. Your reason “why” should provide instant motivation because if you fail with your home business you know what the alternative will be. If you’re lucky you’ll get your old job back with your old boss who’ll never let you forget that you tried to be your own boss and failed, so this alone should deter you from taking that unscheduled day off.
Self discipline is a tremendous technique for remaining focused on the task at hand and if you don’t have it you need to acquire it in order to have any hope of succeeding online with your home based business.…

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Business Letter

New Business Development Strategies

While it is true that a few businesses can subsist without having a business plan in place, it’s likely that they are not doing as well as those who have a plan. Without proper direction and guidance, it’s nearly impossible to execute new business development strategies. Business plans provide the appropriate guidance and direction. Loan officers, partners and investors will be apprehensive in supporting your business unless the direction and vision for your company is clearly defined. We have developed an overview to provide guidance in order to assist you in establishing a business plan.
You will need to arrange funds from banks, venture capitalists and private investors. There are numerous new business development tactics for exactly this purpose: finding these investors, convincing them to join your venture and taking advantage of the financial backing you have received. Of course, this is all good information to be aware of, but each strategy assumes you have a sound business plan. There is no alternative method to persuade potential investors from climbing aboard unless they are clearly informed as to where this ship is headed and have the confidence and trust in you to steer the boat. Your business plan needs to convey your vision, provide in detail the talent and duties of your employees as well as yourself, and project your business’s growth and development.
A solid plan must prove to investors that your venture is going to be successful enough to equal the investment they originally made and then prosper enough so they are given an ample return on that investment. They will expect to see intelligent strategies in the new business development, so you must regard these elements as critical:
1. A cover letter of sorts: a straightforward overview of your business that emphasizes your plans and provides a summation of your principal idea.
2. Present the history of your business, as you most likely are not starting your venture from scratch. Even if it just summarizes the time spent in your garage tinkering or the experience and knowledge you acquired when employed for another individual.
3. Describe how the products and services you offer are going to defeat the competition. For extra persuasion, supply a full market analysis which summarizes potential customers, your competitors disposition, size of the market, and your estimation of growth.
4. Communicate the strategies for new business development that you intend to follow: how you plan to market, promote and sell the products, methods in which your plan will be enacted, and the targets you plan on reaching.
5. Lastly, provide information pertaining to financials, especially your projected profits, sales, and general cash flow. Finally, summarize all financially related information, including sales projections, cash flow and profits.
You are going to have a greater chance of being successful with a plan that is clear, fluent and rational and with a vision that is comprehensive. This overview should provide you a rough estimate on how to compose your plan, but note that it is without a doubt more detailed and complicated than just a blog posting can express. For additional assistance there are countless reference books and software, as well as consultants who concentrate on business plan development. It will take much focus and effort, but we are certain that even the best strategies for new business development will not succeed unless they are coupled with a solid and articulate business plan.…

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Business Letter

Running a Business Without Using an Office

Modern technology has gone above and beyond the call of duty for those running a business without using an office at all.
With the advent of the various smart phones and the plethora of applications that one can load on their smart phone, it is almost no longer required to have a receptionist to answer your phone. You could be driving to meet a client a their office, have another client call you and be able to handle the entire process of setting up an appointment right on your smart phone while on the phone with the customer. At the end of the day, you can download all the information you loaded onto your smart phone into your computer for easy access or even handle the download while on the road into a laptop that you carry. The downloads are generally a two minute operation and you do not need to have internet access to complete the process.
Need internet access while you are on the road to do some research or to check up on an order? Nothing to it. Hit your local McDonalds as they offer free wifi in over 11,000 of their restaurants. Not a Micky D kind of person? No worries, go to almost any coffee shop anywhere and there is free Wifi or swing into almost any other restaurant out there as free wifi is increasingly popular and is great if you are running a business and on the road all the time. You do not want to go to a restaurant to access the internet each and every time? Just call your cell provider and get an air card or even get an adapter that hooks up your smart phone to your laptop. It is absolutely amazing what the technicians of the world are coming up with these days. There is even an adapter that you can plug into your cigarette lighter that would charge your laptop battery available for under 50.00!
You can use a portable printer as well if you are not near your office that will print out very nice invoices or estimates for those running a business on the road. The quality is outstanding and the pricing is not out of line in the least bit so it will not put you in the poorhouse. Modern technology has made it easy for you to run your business without the benefit of an office and not miss a step in terms of quality service or quality of products and the real benefactor of this entire level of technical quality is the client as you are able to cut down on business expenses and pass the savings to them. Saving on the expense end makes you a hero in their eyes and will most certainly get you repeat business and new customers.
Running a business using modern technology is good for all parties involved!…

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Business Letter

Retirement Business Ideas

Do You Dream of Starting a Retirement Business?
When people who are close to the traditional retirement age are polled, the majority of them say that they do plan to keep on working. Many do plan to retire from their current jobs, but want to take this opportunity to start their own business. After building up a lifetime of experience and skills, they feel as this would be a productive and rewarding experience.
Others say they would like to start a business and experience being their own boss. They just have no idea what sort of business they could start. Of course, the type of business that would be good for different individuals will differ with their general health, mobility, skills, and experience. But there are actually a lot of simple businesses that would be good opportunities for many retired people.
Consultants
Many retired people have developed a lifetime of skills and experience that younger and less experienced business people could really use. Consultants are hired by a variety of businesses for special projects. Some teach accounting software, while some teach leadership training.
A consulting business can allow you to earn a good income, but control your time and schedule. You can look for jobs in the winter, for example, and still spend your summer in your lake cabin. Some consultants can even work from home and transmit information over the internet by web based seminars or online documents.
Handy Man
Are you good with a hammer and level? No matter what you did in former job many people are very willing to pay somebody to help them put up a ceiling fan or hand a door. If you are not mobile enough to do this type of work an longer, you may be able to hire a team of younger people who need work. Your job would be to advertise and supervise them.
Tutors
Many busy families would love to hire a tutor to help their son with their homework or keep up in Algebra. If you can still remember what you learned in 9th grade, you can probably get plenty of after school work this way..
Cooking
People who are skilled and efficient cooks can find many ways to work part time. Many more affluent and busy couples are wiling to pay somebody else to stop by their home, even when they are at work, cook up a few meals, and leave them in the fridge or freezer.
To deliver meals you prepare elsewhere, you would probably need an approved, commercial kitchen.. However, you may be able to work out a deal with a church to use theirs a few hours a week. Sometimes, these days, business is all about coming up with creative solutions!…

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Business Letter

How to Create a Family Plan for Your Business

“I’m doing it for my family, to give them a better life” is the stock answer we all give when asked why we put ourselves through all the pain and heartache of owning and running a business.
And, in my experience as a business strategist and executive coach, some of us proudly produce the business plan we are working to – which supposedly will give our families that better life.
But what is this thing called a better life?
And, what plan do you have for you and your family to enjoy that better life?
The importance and benefits of having a Family Plan was explained by Fred Verney of Townends at a recent meeting of the Wealth Enhancement Forum which I chaired.
Over the past thirty years, Fred has designed and developed a very effective family plan process that has enabled vast numbers of family and private businesses to successfully build and pass on wealth tax efficiently to following generations.
Having a family plan is at the heart of building, preserving and transferring wealth among those people who are most important to you – and for whom you are taking all the risks.
Firstly ask yourself what are the objectives in respect of:
• The family
• Yourself
• The business
Are they integrated? If not, what needs to be done?
The following are the three key elements of the plan
A Plan to Live and a Plan to Die
With life expectancy rapidly increasing and retirement becoming and ever distant possibility, passing on the wealth and/or business upon death is only part of the issue. There needs to be a plan for passing on wealth and assets during your life time as well as on death.
Fairness and Equality
Everyone in the family has a view on these crucial criteria. Besides the generational differences there are differences between parents, brothers and sisters, wives and husbands, plus the numerous combinations. Having a draft family plan provides a starting point for the all important facilitated discussions between family members.
The Tools to Use
There are whole raft of tools besides the Will that can be incorporated in a Family Plan and the ones chosen will depend on the answers to the three previous topics.
While your business plan is important you should devote as much – if not more time – to the family plan to ensure that what you are doing is for the right reasons and will produce the right results.…

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Business Letter

Try These Great Ideas For Wondering How To Make Money Online

Few can deny the allure of working from home, and the Internet enables them to do so. Maybe you have thought about this a time or two or twenty, but haven’t taken the first step to do something about it. You just need to keep reading, learn from this article and take what you have learned and put it into action.

Watch out for online scams. The range of online work is vast, but some of the work may be unsatisfactory. Look for reviews of potential plans before making any agreements.

Figure out the niche that you are in first. Do you like writing? Think about becoming a content writer. Or perhaps you talents are more artistic, then consider graphic design. Freelance writers and artists have many opportunities online. If you want to succeed, know thyself.

If you’re a writer, try writing on websites such as InfoBarrel or Squidoo. These websites allow you to write about your favorite topics and you also get a percentage of the revenue. Plus, they both tie in opportunities through Amazon.com’s affiliate program, giving you even more online income opportunity.

Schedule yourself. You have to be disciplined if you’re going to make income online. You will not get rich overnight. You have to work hard daily. Set aside a specific time during the day. One hour per day could be all it takes.

Do some surveys to make an online income. There are many different surveys you can take. They can be a good way to make money. Although individual surveys do not always pay generously, your efforts pay off over time. Your earnings will steadily increase over time.

Make sure you can prove your identity before you make money online. Many places expect you to provide the same identification and validation as if you were working in person at a brick-and-mortar place. The process will be much simpler if you’re prepared with your ID.

Online tutoring is a growing industry. Therefore, if you want to be able to work online from home, then consider e-teaching as a viable option. There are many great sites including SmartThinking and TutorVista. If you succeed, you may get additional opportunities as well.

Search on Google if you want to maximize your earnings. There are many ideas to explore. When you find something interesting, search reviews about the company. Whatever you choose, stay cautious.

Ask others if you can advertise for them. Website advertising is how most make money online. If you have a dedicated blog following, you can be sure that there are parties who will pay dearly to be featured on your website. When your readers click on this ad, they will wind up at another website offering services or goods.

All you have to do is find some great examples of how to work online. The ideas and tips you learned here have been designed to get you off to a good start on your path to earning money online. It is possible for anyone to earn a bit of change online, but to have true success you must continue learning. Keep this in mind to get started as soon as possible.…