Entrepreneurs Seek Advice

Choosing the right business opportunity for your start as a Serious Entrepreneurs is often a quick, but bad decision, because most people connect internet business with Multi-Level-Marketing (MLM). What this people don't know is the fact, that MLM is dead and the Internet killed it. MLM has always been based on the idea of working for 3-5 years and building a life long residual income that you can live from. Thanks to the internet thousands of new MLM’s launch every year, but the number of new marketers coming into MLM each year is now dramatically out of proportion with the number of new company ... Read Full Story

    Components of a Business Plan – Part V Don’t fall in love with the idea of your business.  You may have dreamed about the idea of this business for years and are just acting on it.  You must still treat it as a business and not let the thought of if prevent you from viewing your business realistically!  You must think strategically and be objective about your chance of success. Your business plan should enable you to put your ideas into a workable plan or feasible blueprint.  It will manage all of your business elements and allow you to develop a game ... Read Full Story

    Finalizing Your Financial and Marketing Plan – part VI Your financial plan should also include a section that list an assumption phase.  This will include factors like the current economy, interest rates, spending trends, etc.  Document how these factors will affect your business and influence its long term success. You also want to include your start-up costs, ongoing monthly expenses, expected monthly income, and your break-even point.  Determine when you business will be profitable.  Using database resources at your local library should assist in gathering how competitors’ expenses and income may compare to your anticipated expenses and income. Marketing Plan Your marketing ... Read Full Story

    Using Reference USA for Market Research in Your Business Plan – Part III   After you have done research on niche, it is time to make some decisions in your business plan.  These decisions will be assisted by research done with the Business Reference USA database and Customer Reference USA database.  Use both of these to research your customers and competition. Talk to your library to see if they offer free access to this database.   Defining Your Products and/or Services Brainstorm to decide what products (and/or services) you want to sell.  Provide details on the products (and/or services) and decide what will ... Read Full Story

    Online Business Resources for Your Small Business – Part IV   There are many online resources available to assist small businesses.  Some are well known while others may take some research to find.  Online resources give you 24/7 access to help as you prepare to launch your business while refining your business plan. Small Business Development Center - www.sba.gov/aboutsba/sbaprograms/ sbdc / Your local Small Business Development Centers (SBDC) offer free one on one confidential  consultations from successful business people in your community.  They also hold classes and workshops to give business owners more hands on assistance with different business concepts. Information on ... Read Full Story