Saturday, March 14, 2009
Wednesday, March 11, 2009
Tuesday, March 10, 2009
How To Start A Business
How Too Start a Business
In many cases I should say about 95% of the population is taught since we we’re children to go to school, and qualify for a good college or university program. After post secondary we are then told to go out and find a great job that pays a reasonable salary that pays benefits and pensions. Although this is good advice to have, if you’re looking for more in life then you shouldn’t bank on this idea to free you. As a society it’s would be best if we teach our children the benefits of being able to help develop the economy and control their income at the same time. A good idea would be to teach them to get a job and open a business part time. A Job should be maintained until business revenue passes your working or until you can maintain your life style from your business. I will be explaining how to start a business and what you need to do to get started to help you succeed.
First you need to know difference between someone who’s self employed and a business owner. A person who is self employed owns his or her job, but is still limited to the amount of income they make based on the amount of customers they see for the year. A business owner owns a system that runs automatically even if the owner is there or on vacation, the system still makes money. For example a hair stylist is self employed, if he or she decides to take a week off work there income completely stops for that week and they make no money. On the other hand if the hair stylist had a couple employees working for him or her they would still make money from the business in the form of an override (An override is getting paid for work your employee does without you present). The first step you need to take to starting a business is finding out what type of business you would like to own, that part is strictly personal but it would be a good idea to start something that is in or going to be in high demand. The second step is to create a business plan, if you don’t know how to start a business plan you can Google examples and templates. Also if you need further assistance, you should get in contact with the business development department for the province or country you live in.
The next step is very critical in starting a business because if you don’t have this then it’s very hard or impossible to start the business you desire. You to find out how much funding you need, this dollar figure should come from your business plan. It is best to try and find a business opportunity or start a business that has minimal start up cost to it. The system should create revenue with minimal expense so you don’t need to dip into your own pockets to maintain it. If your start up costs far exceed your assets then it would be advisable to look for a government grant, or get a loan from a bank. You can find grant information on the internet or by going to your local employment office. Funding is primary in starting a business don’t be discouraged if this step is the hardest just keep looking and the right opportunity will find you.
Your business should be easy to duplicate and quick to make profits, so you can start enjoying the benefits of being independent. You must always remember that even if you fail the first time don’t be afraid to try again. Thomas Edison failed hundreds of times inventing the light bulb, and his refusal to give up helped give birth to one of the greatest inventions know to mankind. There is no price tag on freedom so why put a price tag on your time spent making someone else rich. My next blog I will be speaking about the difference between owning a business and having a job, so stay tuned and do your research.
In many cases I should say about 95% of the population is taught since we we’re children to go to school, and qualify for a good college or university program. After post secondary we are then told to go out and find a great job that pays a reasonable salary that pays benefits and pensions. Although this is good advice to have, if you’re looking for more in life then you shouldn’t bank on this idea to free you. As a society it’s would be best if we teach our children the benefits of being able to help develop the economy and control their income at the same time. A good idea would be to teach them to get a job and open a business part time. A Job should be maintained until business revenue passes your working or until you can maintain your life style from your business. I will be explaining how to start a business and what you need to do to get started to help you succeed.
First you need to know difference between someone who’s self employed and a business owner. A person who is self employed owns his or her job, but is still limited to the amount of income they make based on the amount of customers they see for the year. A business owner owns a system that runs automatically even if the owner is there or on vacation, the system still makes money. For example a hair stylist is self employed, if he or she decides to take a week off work there income completely stops for that week and they make no money. On the other hand if the hair stylist had a couple employees working for him or her they would still make money from the business in the form of an override (An override is getting paid for work your employee does without you present). The first step you need to take to starting a business is finding out what type of business you would like to own, that part is strictly personal but it would be a good idea to start something that is in or going to be in high demand. The second step is to create a business plan, if you don’t know how to start a business plan you can Google examples and templates. Also if you need further assistance, you should get in contact with the business development department for the province or country you live in.
The next step is very critical in starting a business because if you don’t have this then it’s very hard or impossible to start the business you desire. You to find out how much funding you need, this dollar figure should come from your business plan. It is best to try and find a business opportunity or start a business that has minimal start up cost to it. The system should create revenue with minimal expense so you don’t need to dip into your own pockets to maintain it. If your start up costs far exceed your assets then it would be advisable to look for a government grant, or get a loan from a bank. You can find grant information on the internet or by going to your local employment office. Funding is primary in starting a business don’t be discouraged if this step is the hardest just keep looking and the right opportunity will find you.
Your business should be easy to duplicate and quick to make profits, so you can start enjoying the benefits of being independent. You must always remember that even if you fail the first time don’t be afraid to try again. Thomas Edison failed hundreds of times inventing the light bulb, and his refusal to give up helped give birth to one of the greatest inventions know to mankind. There is no price tag on freedom so why put a price tag on your time spent making someone else rich. My next blog I will be speaking about the difference between owning a business and having a job, so stay tuned and do your research.
Saturday, February 28, 2009
Todays Economy
These are supposing to very hard times when it comes to money and the economy. Companies are cutting jobs to reduce expenses; and worst of all families are living pay check to pay check. The good news is while others cry during the storm others are finding ways to endure it. Everything starts with knowledge, and if you don’t have the right information how do you know you’re moving in the right direction. I will give you the reader some tips and advice on how to get ahead, so if you’re tired of surviving and ready to succeed keep reading. Great let’s get started.
The biggest worry many people face today is whether or not there safe at their current job placement. The auto & manufacturing industries are cutting jobs at record paces, and the global economy is poor. The top 5 recession proof jobs according to Time magazine are:
1. Computer Systems Analysts
2. Network Systems and Data Communications Analysts
3. Network and Computer Systems Administrators
4. Registered Nurses
5. Teachers, Postsecondary
Other goods jobs to work are the essential services such as emergency, and the medical field. If you have a good financial game plan these jobs should take care of your needs. What about retiring early and have the free time to spend with loved ones? If this is your number one concern and objective in life then starting a business part-time would be a good idea invested in your wallet. A part-time business would not only put extra money into your pocket, it would both stimulate growth in the economy, and give peace of mind that if you lose your so called secure job then you got something to possibly fill the gap. Whether you’re an employee type or an opportunist, these are great ways to fight through rough times.
Another area of concern that people need to take more serious is that people and many families are living pay check to pay check. They use all their money to pay bills and to keep up with other basic living expenses like food and entertainment we find ourselves running our savings dry. For some that doesn’t even exist and we end up carrying an extra line of credit along with a few credit cards to fight through the rest of the month. No one deserves to be in this position but let’s be honest to the body in the mirror something needs to be done. First thing that you should do is find a worthy financial planner that will educate you on your all around situation, and show you how to pull out of it. Second is you need to build back your savings; start by taking at least 10% of your pay check, then take what remains and pay your bills. A good idea is to set up an automatic withdrawal so it comes natural and you won’t cheap yourself out of financial security.
I hope I was able to shed some light into one person’s life on these areas of concern. If people act now this can be a market with great opportunity to make generational wealth in the time is always better now because starting tomorrow is always too late. I will be talking more in dept to follow up with this topic further in the future, but for now start building your plan for a better for a future because if your slow to move then your quick to lose.
Resources http://www.time.com/time/business/article/0,8599,1858773,00.html
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
The biggest worry many people face today is whether or not there safe at their current job placement. The auto & manufacturing industries are cutting jobs at record paces, and the global economy is poor. The top 5 recession proof jobs according to Time magazine are:
1. Computer Systems Analysts
2. Network Systems and Data Communications Analysts
3. Network and Computer Systems Administrators
4. Registered Nurses
5. Teachers, Postsecondary
Other goods jobs to work are the essential services such as emergency, and the medical field. If you have a good financial game plan these jobs should take care of your needs. What about retiring early and have the free time to spend with loved ones? If this is your number one concern and objective in life then starting a business part-time would be a good idea invested in your wallet. A part-time business would not only put extra money into your pocket, it would both stimulate growth in the economy, and give peace of mind that if you lose your so called secure job then you got something to possibly fill the gap. Whether you’re an employee type or an opportunist, these are great ways to fight through rough times.
Another area of concern that people need to take more serious is that people and many families are living pay check to pay check. They use all their money to pay bills and to keep up with other basic living expenses like food and entertainment we find ourselves running our savings dry. For some that doesn’t even exist and we end up carrying an extra line of credit along with a few credit cards to fight through the rest of the month. No one deserves to be in this position but let’s be honest to the body in the mirror something needs to be done. First thing that you should do is find a worthy financial planner that will educate you on your all around situation, and show you how to pull out of it. Second is you need to build back your savings; start by taking at least 10% of your pay check, then take what remains and pay your bills. A good idea is to set up an automatic withdrawal so it comes natural and you won’t cheap yourself out of financial security.
I hope I was able to shed some light into one person’s life on these areas of concern. If people act now this can be a market with great opportunity to make generational wealth in the time is always better now because starting tomorrow is always too late. I will be talking more in dept to follow up with this topic further in the future, but for now start building your plan for a better for a future because if your slow to move then your quick to lose.
Resources http://www.time.com/time/business/article/0,8599,1858773,00.html
src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
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