No Picture
Business News

4 Reasons Why You Should Spend Money To Make Money

Reason #1 There Are Some Good Legitimate Strategies That Require It.
While there are some strategies that do not need a lot of money in order for you to be successful, There are some tried and true strategies where you will need some money to get started.
You will definitely need money if you’re thinking about making Passive Residual Income with Tax Liens, Tax Deeds, Rental Properties, Stock market, Business ownership, Flipping properties, buying and selling antiques.
Reason #2 You Don’t Have The Knowledge To Be Successful
If you don’t already know how or where to invest, then it is a great idea to invest in education on the strategy you would be interested in. Education could mean signing up with your local investment club or hiring a consultant. Education could also mean purchasing some relevant books at your local book store.
For example, if you know nothing about the different investment options available to you in the stock market and real estate, and making money online, it WILL save you a lot of TIME and MONEY if you paid someone to teach you the ins and outs.
Reason #3 It Could Greatly Speed Up The Process
You can spend time stumbling around on the internet or in your local bookstore, or you can find an expert in the money making strategy you are interested in. Most of the experts in their field have went through all the trials and errors and have figured out the fastest ways to succeed. Typically, they have a cookie cutter system that works well, and all it requires is repetition.
You could waste A LOT of time and money by going through the learning curve of a new passive income strategy. In the end what you spend in monthly membership fees or an online e-book will be a fraction of what it will cost you in TIME and MONEY to go it alone.
Reason #4 It Will Motivate You To Be Successful
Now that you actually have invested some of your own hard earned cash, you will have extra motivation to see it through, and work hard at it.
Strangely enough, most people don’t try as hard at something or take something seriously unless they have a vested interest and have something of value to lose. Knowing that you have invested some of your hard earned cash into a particular strategy will be the extra kick you need to work hard.…

No Picture
Starting A Business

One Question Everyone Should Ask

The Question: What does an entrepreneur need to become successful? The one thing needed for an entrepreneur is undying faith that they will succeed and triumph over any obstacle. Anyone can become an entrepreneur that is willing to take inherent risk to change their lives.

The Business Plan: What is a business plan and how can it help me become an entrepreneur? Any Business has a written plan of attack that should include the following steps.

Company description (Legal, History, Start up Plans etc).

Products & Services.

Market Analysis.

Strategy & Implementation.

Web Plan Summary.

Financial Analysis.

Once you have written your detailed plan then organize it into the format that is easy for you to implement. Plan your attack then attack your plan every day until those small success’s starts compounding until you have achieved your financial goals. The business plan can change as you grow and should never stay the same because what got you to this point will not get you there. Keep digging deep down inside and pressing forward to improve your process every day.

The Leap Of Faith: With any business idea, venture and new job comes with a leap of faith to make a life change. I read sometime back a brilliant and successful millionaire state (Robert Kiyosaki )”that everyone has brilliant ideas that are never followed up on.” How many times in your life have you thought of a new invention or had an idea. Then several years later someone invented the exact same thing and sold the idea for a pretty penny. Well, I think that happens to every one at some point and we could have sold the same idea, but just did not take that leap of faith. Being an entrepreneur is taking those brilliant ideas and capitalizing on that idea for a profitable venture. Starting a business, working from home, or becoming an online business owner is the true nature of an entrepreneur taking action today not tomorrow. If you are looking for something better in life then jump out with faith and become that person you want to be. The Vehicle: The vehicle that you choose to become and entrepreneur is up to you and only you. Choosing the right platform or business to start is completely up to the person. If you have wanted to start a restaurant, then take action today. Start by finding out the details of cost and how much capital you will need to start. If you want to be an online entrepreneur then begin by searching what products, skills or business that interest you and find someone that is successful in that field. Speak to that person and find out how they achieved success. Learn from those that have done what you seek and duplicate it, or if it has not been done then do it. Plan out your business and then take action every day to accomplish your goals. The vehicle that you choose should fit your needs and goals for you to be successful. I chose a marketing and training platform that gives me:

Platform for any product line.

Contact with successful people from my field.

Easy to follow process.

Automation & Tools.

Support staff and Business Coaches.

That is just a few tools in my back office and allows me the opportunity to take my business ideas into reality. Choosing a business model is based on your business plan and how you want to implement your plan.

The Risk: Everyone in their life takes risk and learned valuable lessons from those risk. I personally have taken risk and will continue to take that leap of faith because the end result will always change. Think back in school at what are parents tell us at an early age. Be careful, watch out now, don’t do that because you will get hurt. This type of directions sometimes stifles the very entrepreneur in each one of us. During our early years we see everything as possible until we give in to fear. We as human beings learn are whole life from our mistakes and the difference between being successful and failure is almost the same thing. Even if you fail at any business venture or job you will always take away valuable experience that will help you with your next step. Really, life is about making choices and lets face it we all make poor choices through out life. Even millionaires have stated “they took away valuable information from failure, which made it possible for success later in life.” So, when you think back on your life and see a failure, I see an experience that has taught you what not to do. Failure is really a small victory and should be examine so you make improvements on your process to achieve …

No Picture
Opportunity

Which Business Planning Book Should I Read?

What’s a good business planning book to read? I skimmed and read as many business planning books I could carry out of the library and came to the conclusion that there really isn’t a one size fits all business planning book. So, the important part of choosing a book is to figure out what your needs are and grab the book that most closely matches those needs.
To start off with, what is the plan all about? They aren’t scary. They’re basically a resume for a company. My favorite definition was from Sharon L. Fuller in How to Write a Great Business Plan for Your Small Business in 60 Minutes or Less.
“A good business plan contains dreams and ideas backed by facts and figures in a standardized format.”
I designed a business plan book comparison table to help pick a book. Here’s how to read the table.
Page design
Page design is my impression on how easy it is to read the book. Did I have to squint? Are the pages broken up with headers and paragraphs or is the book one long stream of tiny text? A rating of one means that the book is easy to look at and read. A rating of five means “The formatting of this book makes it difficult to read and detracts from the content.”
Depth of detail
The category “Depth of detail” refers to how “in depth” the book covers its topics. A rating of one means “This book goes into great detail on exactly what the topic is including how to read it and how to make it.” A rating of five means that the book glosses over some of the topics and just gives a basic definition.
Individual topics
A check mark means that the book covers the topic; a dash means the book did not cover the topic.
Topics that should be covered are what is a business plan, why make one, and what are the elements of one.
Then, the books go into the elements of the plan. Typical elements include an executive summary, business description, products and services, target markets, competition, strategic position, management, personnel, resumes, technology, profit and loss statements, sales forecasts, cash flow, milestones, and a risk assessment section.
Another consideration is if the book has worksheets in it. Worksheets can make the process easier, like “filling in the blanks.”
Here’s the business planning book table. Click on the smaller orange and white table to see a larger, easier-to-read version.…

No Picture
Online Business

What You Should Include in Your Business Plan Format

When it comes to making money online, it is essential that you have a business plan format. This will allow you to assess your needs and limitations before pushing through with your business. This will vary depending on the product or the service that you wish to offer. Basically, include what you will offer, why are they needed, and what your competitors offer. Let’s go to analyze these mandatory topics into more depth below:
It is necessary that you include:
The product or service that you are going to offer:
If you are offering a product, indicate:
product name, ingredients if it is edible and the materials if it is not, place of manufacture and means of transporting and manner of payment and of delivering.
If you are rendering a service, indicate:
service name and description, manner of rendering the service, mode of payment and the venue where the service will be availed.
A comparative analysis of what you and your competitor can offer:
Take note of all the details to differentiate your products and services. It is also important that your business plan format includes variation in prices and what you can offer more in case your price is higher that your competitor.
Marketing strategy:
How do you plan to attract clients to buy your goods and avail of your services?
It is important that from the business plan format, you already have an idea on how to strategically sell your offers. Having an enticing website with a trusted host and a numerous back links will definitely help you attain your financial goals.
Database of ordering rules and guides:
Make sure that you provide your client with utmost convenience when availing your products and services. Providing them with an easy to fill-up order form with the terms of payment and shipping as part of your business plan format will avoid future conflicts.
This will also ensure your client that you mean business. Make sure that you use a trusted site when processing payments to deflect negative impressions towards you.
Updating of products and services:
Since there are several sites that may offer the same items as you do, make sure that you know when to update products, how often do you need to and what will you do with unsold items. This will avoid clutter in your space and customer loss because they can’t find anything new from you.…