Archive for March, 2010
If you are lucky, you have started a home business based on the recommendation of a friend or relative. These are people that you can usually trust to give you good advice. However not everyone has those type of references to fall back on, so let’s take a look at three places that you can discover legitimate home business ideas.
1. One thing you can do is join a discussion group that is based around the theme of Internet marketing or home businesses. You can find these by going to your favorite search engine and typing in the words “home and business forums”.
You will find that millions of results will be delivered, and out of those, you can come up with handfuls that are worth joining and doing research in. Discussion forums are great because people are very helpful and honest.
As you read through some of the different threads you will find discussions about specific home businesses and the pros and cons of them. You can even ask questions and get answers on home businesses that you may be considering joining as well.
Industry specific forums can be found as well and you can Google search words like affiliate marketing forum, Internet marketing forum, network marketing discussion forum, and so on. This just gives you more potential places to research and find legitimate home business ideas.
2. Another thing you can do is go to various article directories and read articles on specific home business ideas. Some of the more popular article directories include Ezinearticles, Goarticles, Ideamarketers, Moxie-Drive and so on.
These directories contain literally thousands of articles on various topics and you can search for words home business ideas to narrow down the results you are looking for.
Understand that many of these authors have an agenda in that they are trying to promote a home business of their own, but they can provide excellent research ideas as well and as a personal contact for you to get in touch with on any questions that you have.
We have mentioned these two as places to discover legitimate home business ideas because these will contain real life people who are actively pursuing their dream of building a home business of their own.
Not only will you find great ideas on legitimate home businesses, but you’ll also meet people that you can bump ideas off of and help you in the future when you really need it.
Tags: Business, Discover, Home, Ideas, Legitimate, Places Posted in Business Ideas | No Comments »
Earning extra cash working at home has not hurt anyone up to now, and it should not be hurting you either when you take the correct steps. If you was running your own home biz and working at home to earn an extra income, would you be more inclined to put in the effort necessary to succeed? If you didn’t have to travel to work, would you put that extra time into making your home business prosper? Would you go the extra mile for financial freedom, especially if you feel that it would improve the quality of life of you and your family?
To home biz to earn extra income through a home biz have become widely popular all over the world and are spreading like wild fire. Running a home biz to earn extra cash is the choice for anyone seeking financial freedom. A home biz is the most desirable home business type of home business to start for many apparent reasons.
Imagine how it would feel to get up at your own time and not hurry to an office or the corporate world in the regular chaos of traffic all the while getting choked on all the pollution on a Monday. And then, to begin the day as though you are fresh from home and nothing has happened. And then having to listen to the Boss ordering you around and giving you deadbeat deadlines to follow. Yes sir!
Earning an extra income working at home does not come for free. It involves hard work but of the kind you would want to do, especially with the benefits you will receive. It is not hard work when you are doing what you always wanted to do, and you can act in joy. A little bit of inspiration and passion doing something which you like could get you off the mark, wouldn’t it? Let’s get going point wise:
1. Working from home allows you to work at your own convenience. Schedule your own time. You may have to put in more work then working for someone else. The rewards you get freedom of time, moment, goals, finances everything left to you. The flexibility benefits are great for mothers and people having other responsibilities apart from profession.
2. With a home home business you are about to be your own boss with no one looking over your shoulder. This means you have to be your own boss, and take over your boss’s job in keeping you going to achieve success.
3. Looking at the above factors about running a home home business to work at home a home home business allows you to get income from your regular income job until you are sure of the extra cash from your home home business produces more then your regular day job income. The best part is you can always switch!
4. A home home business gives you the flexibility to do whatever you want to do, whenever you want to do it. A challenge with running a home home business is to motivate yourself to actually do it!
5. A home home business gives you job security and fear of unemployment disappear.
The home biz market is in boom currently and the reason is due to the fact that corporate United States and the corporate world is gradually going to disappear. In the coming years 1 in 3 people will operate a home home business to make their primary income. Many are choosing Multilevel Marketing to start a home home business. You can get started for less then $500 in most cases. You get training on how to run a successful home business, get to plug into a ready made home business, with the blueprints for success.
Analyze the above points on a piece of paper before making your decision on whether you want that extra income or not through your own home home business.
Go for it,
Kozan Huseyin ~ Network Marketing opportunity Expert, Internet Marketer, Life Coach, Author.
Tags: Business, Earning, Extra, Home, Income, Reasons, Start Posted in Home Business | No Comments »
Starting a business is an exciting venture but it is easy to get overwhelmed with all the various tasks needed for the initial launch of the business. Underestimating the difficulty of starting a business is one of the biggest barriers faced by entrepreneurs.
Many people think that starting a business is easy. I know for a fact that it is far from easy.
Before starting out it is important to list your reasons for wanting to go into business. Having a mentor to help guide you through the steps to starting a business is invaluable. Every little bit of advice helps when you’re starting a business – provided it’s good advice.
Before you start your business you need to ask yourself some serious questions:
(1) Can I handle the difficulties and challenges that come with starting a business?
(2) Who is my audience/or business aimed at?
(3) Where is my business to be located?
(4) Am I starting full-time or part-time?
Starting a business requires determination, motivation, and knowledge. Starting a business can be a complicated and daunting experience. Not everyone has what it takes to be successful in business. A lot of people fail because they jumped into business without honestly appraising their lifestyle to know if it fits in with running a business. It could also be possible that they underestimated the amount of effort involved in starting or running a business.
It is very important to discuss your intention of starting a business with your close family (and friends). Many a relationship has been broken because the ‘other half’ could not understand why all the attention seemed to switch from them to starting and nurturing a new business. In my opinion close friends and family need to be put in the picture regarding what to expect when you’re starting a new business
Have you got a good business idea? You would think this an obvious question anyone thinking of starting a business will ask themselves this question. Many people seemingly run with the first business idea that comes to their mind. They seldom pause to investigate the viability of their business idea. A good business idea is one that meets a customer’s need, fills an empty niche, solves someone’s problem or answers someone’s question(s).
A good way to generate good business ideas is to look inwards. What do you enjoy doing? What hobby or hobbies do you regularly indulge in? This may hold the key to your business idea. Unless you are a serial entrepreneur with a proven track record you may struggle badly if you venture into a business you do not have background knowledge of or one without any bearings to your previous experience(s) in life.
Location, location, location. Except when setting up an online business, the location is of great importance for your new business. You need to think very carefully about the location of your business. The over-riding factor in deciding the location for your business should be customers. After all the whole point of starting a business is to serve customers (and also make money, of course). As such the business should be located where the customers are located. You also need to think about the amenities available in the area such as bus, tube, train etc.
Not everyone has the confidence to go full hog into business. You may decide to continue with your day job while building your business part-time. Although this may mean taking more time to build your business to its full potential it nevertheless reduces the risk of loss of income if you were to pack in your day job to concentrate solely on building your business.
Once you’ve answered the pertinent questions enumerated above you then need to add the necessary ingredient of a successful business namely: A Business Plan. Many people often skip this very important step, thinking they are saving time. In the long run it costs them time if not money as well. This, I believe, is because working through a business plan will tell you whether or not your idea for starting a business is viable. A business plan may also be necessary for securing funding. A business plan explains your business concept, highlights the details of your business and generally helps you focus the direction of your business, amongst other things. Not giving these factors proper consideration may cost you time and or money in the future.
A well prepared business plan can help you secure funding for your business. In that wise money/funding is not as important as putting together a good business plan for your proposed business.
If you are not experienced in writing a business plan you can get someone else to write it for you. A good place to look is elance website. You can also try ebay website. Another good source of help is friends and family. Inform your friends and family about your intention of starting a business and ask if they can or know anyone who can be of help in putting together a business plan.
Now you’ve decided on a business idea and you’ve put a business plan together, what next? You need to source the funding for your business. The following, not an exhaustive list by any means, are sources of funding you may consider:
(1) personal savings
(2) loans from friends and family
(3) loan from a bank/building society/other financial institution
Running your own business is one of the most rewarding but challenging things you can do.
Starting a business is an exciting and sometimes confusing endeavour. The toughest part of starting a business is, in fact, making a start – going from your passion to the reality of running a business that fulfils your hopes and aspirations. Starting a business is incredibly hard work. Starting a business is a big step and it takes planning.
If you are thinking of starting a business my advice to you is to go for it – it’s very rewarding to create something from nothing.
Remember: “The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing. He may avoid suffering and sorrow, but he simply cannot learn and feel and change and grow and love and live.” – Anon.
Tags: Business, Facts, Starting, Startling Posted in Business | No Comments »
Blogs are easy way to communicate with the customers, and employees. From past few years, blogs are continuing as one of the effective channels of communication when compared to other advertising channels. Blogs for business can help to strengthen relationships with targeted audiences. A blog can help in as many ways, from a business perceptive.Reasons why a small business needs bloggingSmall businesses need to be more effective in building a potential and loyal customer base when compared to large businesses. Blogs helps in increasing the consumer base. • Building customer relationships: Blogs are very helpful to increase the brand loyalty in customers by engaging with them through blogging on their favorite topics. Regularly updated blogs can help businesses in making readers to visit the website on regular basis. This may steadily enhance the business opportunities of the organization. Blogs became easy and effective medium to make the customers to join in discussions, providing tips, insights, etc., about the products and services of many businesses.• Blogs at workplace: Employees can write their opinions, views, and recommendations for any developments in the business. Blogs helps small businesses for effective cross-functional communication with employees. Companies can create internal blogs within organizations where project members and employees update project information along with reports without having to waste time for interaction and responses for minor updates.• For brand awareness: Small businesses can easily update their recent achievements in products and services in blogs and can create awareness to the customers about them. With regular reading of blogs, customers can know the latest developments in the business. Blogs help small businesses to create brand awareness for the products or services they offer.• Better communication: Blogging for small businesses facilitate to increase the integrity in the organization with the easy communication process between the employees and the management. Blogs are also created to attract the readers of targeted markets. Companies update their respective blogs frequently with opinions and reviews of customers along with their new achievements in their products and services, and make them visible to almost everyone online. Blogging enables the small businesses to stay in business, to connect with its customers, clients. This can indirectly help to increase their sales. Blogging can make your customers relate better to company on a personal level. Blogging is a great way to set your company apart from the group of small, and home based businesses through Internet.
Tags: Blogging, Business, Small Posted in Small Business | No Comments »
We have all heard it, recession proof franchise. It is being used by hundreds of franchisors now in their marketing material but what does it really mean?
Quite simply it means a business which is not affected by slow growth and cuts in spending. This sounds as simplistic as it does stupid, how can a business not be affected; surely all businesses must be affected to a certain extent? It is however possible that where someone may not pay thousands of pounds for a holiday, instead they may pay a few hundred pounds on a new TV (home luxuries), and if we go down the line a bit, someone with less resources may not pay hundreds of pounds for a new TV but may pay for a new Xbox game, and one step further, someone who can no longer pay £30 for a new Xbox game, well, in all intents and purposes is broke.
There is no such thing as a recession proof business. Every business is going to be affected in one way or another, the recession proofing of a business is entirely dependent on the upper management’s ability to adapt to current spending and demands. This however was not the subject of the article.
How can the franchise industry benefit from an economic downturn? Again we have a simple answer:
As more people are being made unemployed, many with redundancy packages, there are more people available for employment and purchasing a franchise, a ready made business to take the place of their old job and one with a track record of success. In particular B2B franchises are taking off as seeing an increase in sales due to more small businesses being set up to cope with the demand of higher unemployment
Is it as simple as that though? No, of course not. Although franchise sales “may” rise, and I am expecting this to be the case come the summer of 2009, the income that it is possible to generate per franchise is likely to drop. This does not mean the franchise business is not a viable option but it does mean that the expected turnover figures for each franchised business should be modified accordingly. This drop in turnover for each franchise outlet will mean a decrease in the overall turnover for the franchisor, a drop in their monthly % of profits and despite the expected boost in franchise sales cutbacks are likely to be made in areas of IT, and staff. The only area I foresee staying the same is marketing. Marketing gets pride of place in franchising, most franchisors get a monthly marketing fee from their franchisees and as such their overall budget “should” stay on a relative plateau.
All franchises are based around expansion and branding, if the expected increase in franchise sales happens, along with it comes increased brand awareness as the network grows. This is good news for franchise buyers and existing franchisees as more money gets added to the marketing pot and due to the increased presence across territories the brand goes through a burst of organic growth.
The Good News
For the franchisor
An upsurge in unemployment and redundancy packages could lead to higher franchise sales
For the franchisee
It could well be that despite a change in peoples spending habits; organic growth and paid for marketing could be a real boost for franchise owners and buyers.
The Bad News
For the franchise buyer
For those franchise buyers who do not have the required capital, and/or are experiencing negative equity on their house, raising the capital through the normal method of bank loans could prove tricky.
For the franchisee
Expected turnover could see substantial drops in 2009/10
For the franchisor
% of profits from franchisees are likely to drop over the next 2 years (boosted however by franchise sales)
Tags: Boost, Current, Downturn, Economic, Franchises, Industry Posted in Franchise | No Comments »
The more I look into the Franchise Industry, the more it is apparent that most Information is geared around selling franchises. The Business Franchise is exactly that – big business.
If you do a search on Google on ‘franchise’ or ‘franchise information’ then you are likely to be presented with thousands of pages of franchise advertisers, franchise consultants, franchise marketplace websites and possible a franchise association.
I have been seriously researching the industry for a number of years now and the number of good information sources I have found are few and far between. There are a number of good books on Franchising on amazon and I strongly suggest that if you are seriously examining buying a franchise then you read as many as you can. You can never do enough research.
I have just come off the back of two days solid of research on google on franchises and I have yet to find any information sites that are not in some way ‘sponsored’ or funded by franchises or consultants.
Why is this? Do you know any?
The franchise Industry is big business and the opportunities to get impartial, informative advice and information are few and far between.
If you are considering buying a franchise then the biggest piece of advice I can offer is to consider the motivation of any article, web site and ‘guru’ that you come across. Do your due diligence and ask what their motivation is for providing that information.
To begin that process, let me give my honest answer:
I am writing a blog to give impartial advice from some one who has been a franchisee. I have seen the good and the bad of the franchise industry and have lost a lot of money.
I have spent the last three years, and more, fully researching the franchise industry and have been struck by the lack of impartial advice and information. I have a small vested interest as I am writing a manual on my experiences and how you can avoid them and will be launching it soon. Apart from that, however, I have no other interest in providing you information other than making sure you make the right decision for the rest of your future.
Learning about the franchise industry from honest people can give you every chance of success when researching and buying a franchise. Using the Internet to it’s full potential as a tool for your research is a must and at the end of the day with the right knowledge in hand you can come away with a fantastic business for life which can support your and your family in the way that you want to live. Without doing the proper research it is likely you will buy into the wrong type of franchise for you or one which may well collapse in the near future, leaving a gaping hole in your pocket and with little no no resources left to set up fresh.
To your future business success.
Tags: Franchise, Information Posted in Franchise | No Comments »
We are all listening attentively about lenders on the radio, television, newspapers, and the Internet of promises to be “small business friendly”, “small business oriented”, wanting to be your “personal small business advisor” and a panoply of packages taking care of all your business needs. What small businesses really need is money, not personal hand caring services. So is there anyone out there really making small business loans? Yes. If you know where to look you can find one.
You can generally categorize banks into: 1) 10% that are actually making small business loans now and are serious about doing so, 2) 70% who will talk to you directly and indicate they are not making small business loans at this time because of the economy, and 3) 20% that slap you on the back, invite you in, and readily take your application. It is the latter group that gives us the most heartburn. It is not unusual after the initial review of your application papers for a bank represented to signal you have a good chance. Overjoyed, you begin to make plans, including executing contracts and receiving quotes for inventory, raw materials, or merchandise. Two months later, after the fourth loan committee review, you get a call that they have decided not to make the loan. The reason has little if anything to do with credit. It is typically something that was never been mentioned before and after reflection, it seems like an excuse not to make the loan in the first place.
Loan brokers such as myself are victims of the same misleading behavior. I cannot tell you how many banks have looked me in the eye and said: “Sure, we are making lots of loans. For unsecured loans of $75,000 to $150,000, we just need a credit score above 680, in business for over a year and a half, and decent financials. Real estate security is not required. We would love to entertain your applications.” Right.
What they really do is pour over the applications and pick 1 out of 100 that has the following fantasy credentials: a platinum credit score that Bill Gates would be proud of and which could support a small country, gushing positive cash flow, little competition, executed contracts stacked high on your desk, then a booming market niche. In other words, someone who doesn’t need the loan in the first place. You know the old adage: banks only give money to people who don’t need it.
It is simply psychology 101. Banks are filled up with loan officers and they have to show they are busy. If their boss walks into their office and sees nothing on their desk, they might be laid off. They have to show they are busy earning their salaries, which means receiving applications and going through the review process. It’s gotten so bad that the other day we had a client whose grandfather helped found the bank, whose father was best friends with the president, and who had received two successful loans before. Even he was turned down. Nor do they tell you the large SBA commercial loan department job layoffs of employees throughout the nation.
To prevent being too caught in this trap, look your banker in the eye and ask these questions:
1) “Tell me honestly. I don’t want to waste your time or mine. I know the credit crunch is quite depressing and there is really no secondary market. Are you actually entertaining small business loans at this time or should I wait.”
2) “How many small business loans have you personally made in the last 30 days?”
3) “What are the loan terms of the last three loans you made, including interest rate and monthly payments, for the amount of loan I am seeking?”
4) “How long will it take before I get a definitive answer?”
5) “Can you briefly describe to me the process I have to go through to get the final approval? Will you be the one making the final decision? What other people superior to you or committees will make that decision?”
But do not despair. There actually are real live prime lenders out there making small business loans. They just need to know where to look. In the next article I will discuss if such loans are available to startups.
Tags: Adviser, Business, Economy, Loan, Part1, Small, Troubled, Unsecured Posted in Small Business | No Comments »
Business management refers to one’s ability to manage a business effectively and efficiently while retaining profitability. But what does that mean? Anyone can ‘manage’ a business, right?
But do we really know how to manage a business? And if we do, what does that entail? Do you just run around your company telling people what to do or run to the bank and make deposits at the end of the each week? Is that business management?
If that is all it takes to run a business, why isn’t everyone a business owner? If managing a business is so easy, why are there consultants? Simple answer: business management is more daunting a task than we may think.
I have always said that no matter how large or small a company is, it is an overwhelming task to manage the everyday issues. We could all use a little bit of help.
Traditional business management, which is what I have studied and is the methodology I use when discussing business issues with clients, takes into account all aspects of running a business, large or small.
Whether it is a million-dollar company or a billion-dollar company, all companies run the same.
Traditional business management is pretty much self-explanatory; it is managing business through traditional methods that have been used for many years.
Those traditional methods incorporate three aspects: sales and marketing strategies, efficient operation and productions methods, and finance and accounting (SG&A). I believe all business owners should have some understanding of these areas of business and try to manage them as best they can. Most large companies focus on these areas in that they have the resources to pay employees who specialize in these particular areas.
For example, consider some of the largest companies in the United States like Home Depot, Starbucks and Dell. These companies require precise and expert management of their business operations at all times while maintaining a positive financial position for investors. These businesses pay full-time employees to function in the company in particular capacities.
When we look at small businesses in the United States, we have to ask, “Do small businesses have the financial resources to pay for similar resources such as a chief financial officer, or a qualified VP of Sales”? Quick answer: no! Actually, no is the only answer.
When we look at larger companies and how they manage their sales and marketing efforts, we find that larger companies have the financial resources to hire employees on a full-time basis who are experts in sales and marketing.
We can say the same for the third aspect of traditional business management, operations and productions. Once again, large businesses have the revenue available to have full-time positions for a general manager, a production manager, and sometimes, a Vice-President of Operations.
Again, small businesses rarely have the opportunity to pay experts full-time salaries, which could cost a business thousands of dollars annually.
So, now we know that traditional business requires the expertise of individuals in particular areas, such as finance, marketing, sales, production, operations, and management.
As a small business owner, can you pay the full-time wages of each of these employees? Do you have to hire all these employees in order for you to spend less time in the office worrying about business issues?
I have seen many million-dollar companies and I have seen a few billion-dollar companies; the only difference is that one pays for expert full-time employees and the other doesn’t. Obviously, the larger companies have the money to pay for expert employees, and small businesses don’t.
So how does the small business owner learn the basics of business management without paying for an MBA or spending thousands of dollars in annual salaries for experts?
Recently traditional business management had to make room for a new aspect of business: technology.
Through the years traditional business management has had to marry its strategies with the proliferation of technology where every business owner from Starbuck’s to Jim’s Auto has had to incorporate technology into its everyday operations.
The problem is that business believed that technology was going to be the solution for every problem, but it wasn’t until recently that business management thinkers realized that technology will fail if it is not implemented properly. That is, traditional business management must seamlessly marry itself with technology.
So, now you have this traditional business model to think of, and you also have to think that the model has incorporated technology. You see, managing a business is not as easy as it sounds. When you look at this business model I know for sure that you have never looked at your business in this way before. Believe it or not, graduate schools teach this stuff and larger companies obviously have the money to pay someone to think of this stuff, but what about the small business owner?
Small business owners do not have the financial resources to pay for this thinking and consulting companies for some reason; do not necessarily speak to the small business owner. Why not? Most consulting companies are always looking to fry the “big fish”, the 1% of businesses in the United States that can afford the phenomenal fees they charge.
Larger consulting companies do not have the time or the desire to speak to small businesses, nor will they change their fees which range over $400.00 per hour.
One of the comments I hear often in small businesses is, “Great idea, I wish I could get my people to do that, but I can’t expect them to change their ways.” I say, “You’d better get them to change their ways or you could be out of a job”!
Oddly enough, small business owners are reluctant if not skeptical in getting help for their business. To this day, I have yet to figure that one out. Why don’t small business owners look for help?
I firmly believe that business is business regardless of the size of the company, the annual revenues, or the number of employees. Keep in mind that the largest businesses in the world were once small businesses and today they are worth a great deal of money. All businesses “managed” their way to the top, regardless of the industry.
I have seen numerous multi-million dollar businesses in every industry, to include contractors, restaurants, service companies, and manufacturing companies. And I have also worked for companies that are worth billions and billions of dollars. They all have one thing in common: They all run the same some just have more revenue than the other.
I have always said that no matter what you produce to sell, HOW you produce it is what is of paramount importance to the growth of your business.
Your business is not too small or too large for a review of its current business processes. I have not met a business owner, a president or CEO of a company who can tell me that their business is running so smoothly that they don’t need to change. That is simply not true.
The natural stirring of the U.S. economy is what causes the need for change in all businesses of all sizes and I guarantee that if you are not constantly rethinking your business strategies, your competition is.
Can you say that your business is flexible enough to manage your competition and stay ahead of the curve, or that your business can handle the daily economic fluctuations in the U.S.?
Ask yourself some of the following questions.
1.Have your total revenues gone up or down from last year?
2.Has your profitability gone up or down from last year?
3.Where is the next dollar coming from?
4.Are you tired of going to work?
5.Do you have adequate inventory levels?
6.How many employees report to you on a daily basis?
7.Do your employees actually do what you ask and expect of them?
8.Do you have a management team in place?
9.Is there business expenses you wish you didn’t have?
10.Does every employee in your company have a specific job function that justifies their labor burden?
11.Do you remember when owning your business was fun for you and your family?
12.Do you believe your company operates as smoothly and efficiently as it could?
13.Do you have a long-range plan?
14.Do your employees share your vision of the business?
15.Who do your employees go to when there is a problem?
16.If you actually met me, would you be able to tell me that your business doesn’t need to change, or that it is truly profitable?
If you are ready to move your business forward, get some help. Believe it not, the success of your business is important to this great Nation.
Tags: Business, Management, Small Posted in Business | No Comments »
20 years ago a franchise would have cost you an arm, a leg, and probably your house. However things change and technology now means we can work from home without the need for expensive offices. Types of franchises have changed also and the widespread use of the Internet now presents us with a whole new range of online franchises.
A low cost franchise is generally anything under the 15k mark. Still a lot of money but compared with the shop front £250k franchises they are well shy of the hundreds of thousands it can cost to buy into the likes of McDonalds or Burgerking.
The myth that a low cost franchise is unlikely to bring you in much money is true in ways but quite simply you get what you pay for, however I would be wary of unsubstantiated claims of earning £150,000 per year for a franchise that costs £7,000. However as with many franchise you get what you work for and it is very possible to pay from 3,000 – 15,000 for a franchise and with a lot of hard work have a business with £30,000 + per year returns.
Some low cost franchises are nothing more than a system, you can pay a few thousand pounds for someone else’s business plan and method and you are then given limited training to go out and follow the plan. although there is nothing wrong with this type of franchise there are certainly many out there who make money from selling the system only and not by running the system itself. Be careful of anything which looks to be multi level marketing opportunities as these in many cases just do not work and you will find yourself in the position where you have just lost your franchise fee and have no way of getting it back. I do use the word “franchise” very loosely for all multi level marketing “opportunities”
As with all franchises you really do need to do your research before diving in head first. Contacting other franchisees to ask them how they are getting on with their franchise is an absolute must and asking the franchisor how long they have been in business before and after franchising will give you an idea on whether this is simply a fresh start up on a long established company. We highly recommend you make a list of up to 10 franchises and start whittling them down to three or four that you find are genuine opportunities, once you have your short list you can then really start to put some proper research into action and make a decision on which is the right franchise opportunity for you.
Low cost franchises give everyone the opportunity to be in business for themselves and in this day and age not everything costs several hundred thousand pounds, even many shop front franchises come in at very reasonable rates now so look at your available capital and make your choices partly based around that. Here is to your success!
Tags: Choosing, COST, Franchise Posted in Franchise | No Comments »
Are you looking for a business mentor to inspire and motivate you to success but can’t find or afford one? Business audiobooks may just be the ideal business mentoring solution you are looking for to help you grow and succeed.
Statistics show that ninety-seven million Americans drive alone to work everyday — and that doesn’t even include those who commute by bus, train or car pool! With the average commute to and from work now reaching over an hour each way, that’s almost two months of your life each year spent in transit or sitting in traffic. Just think how much you could improve your business or advance your professional career simply by listening to spoken audio recordings containing excellent information on how to improve your sales approach, communication and people skills, how to market your business better, ways to improve your customer service, etc. during this time.
With the rising popularity of MP3 players and iPods, and more new cars being fitted with built-in MP3 players (as of this year, almost all new cars are now capable of playing digital audio files), more business people are discovering that music or the news is not the only thing they can listen to while going about their busy day. Now, people can “listen” to business books, business seminars, sales and marketing lectures and podcasts from successful business people while they’re on-the-go — and when they don’t have time to read. Hence, the huge emerging popularity of audio books with commuters and business owners.
Today’s mobile and “time-starved” business owners, sales managers and sales professionals are discovering that they can download an unlimited amount of information into their brain, learn a foreign language or new skill that will improve their business, and get that competitive business edge while driving in their cars, commuting in trains and buses, or even while standing around in queues.
Most business people love to improve their business acumen via reading and taking courses, but lack the time to do so. This is where spoken audio recordings can play an important role in their professional lives.
Business audio books narrated by successful business people can act as an ideal mentoring tool for business owners (one specific title that comes immediately to mind is the audiobook version of Michael E. Gerber’s business classic “The E-Myth: Why Most Small Businesses Don’t Work And What To Do About It” read by the author himself!). Imagine all the money you can save on consulting fees and the knowledge you will gain, just by listening to an audio book written and narrated by a business expert while driving, or commuting to work on a bus or train.
Not only will you get mentored by some of the best business minds in the world and gain a competitive business edge by acquiring the latest business information listening to spoken audio recordings on business-related topics, you will also get yourself into the right “state of mind” for doing business successfully.
Just think about it! You arrive at work or at a sales presentation after having been “coached” by a successful business owner while driving or commuting, your mind is immersed in business thoughts and you’re most likely inspired by a great business idea or tip you’ve just heard. You walk into a meeting and you are focused. Your mind is sharp. Your energy is positive and you look vibrant. Your brain is filled with new business strategies and ideas and working subconsciously with these to help you achieve the best results and outcomes no matter what daunting tasks, projects or challenges may lie ahead for you in your busy day.
As a business person, you can now use the amazing value inherent in listening to audio books to gain a competitive business edge over others. You won’t have to worry about not having the time or will to flip through the pages of a book. You can now “listen” to business books when preparing to go to work in the morning, when commuting to and from work, etc.
Currently, there are thousands of best-selling business audiobook titles available. If you are at a loss for specific business audio books to get started, here are 5 of some of the best that any business person should listen to:
1. “How To Win Friends And Influence People” – by Dale Carnegie
One of the most important aspects of any business is the fact that PEOPLE are a crucial part of its success. This is true in almost every aspect of human activity, and especially in business. We need people to keep our businesses going and growing. Not just the people that bring us new sales and new customers, but also the people that make the sales possible, the people who deliver our products, handle complaints, run the administrative aspects of the business, and so on. To be able to succeed in business and other areas of life, we all need to know “how to win friends and influence people”. That’s why this incredible book by Dale Carnegie is a “must have” for any person in business. With the power of the information contained in this classic book, you can learn not just how to influence people so that they bring in more sales for your business, but most importantly how to win staff, suppliers, customers and prospects over as friends to help you make future sales possible. This book is available in audio book format, so you can enjoy listening to it in the comfort of your car while driving or commuting.
2. “E-Myth Mastery” – By Michael E. Gerber
Michael E. Gerber is the world’s leading small business guru and bestselling author of the phenomenally successful “The E-Myth Revisited”. In this audiobook version of his follow up book, “E-Myth Mastery”, Michael Gerber presents the next big step in entrepreneurial management and leadership. This audiobook presents a practical, real-world program that can be implemented in real-time in your business. The E-Myth credo — Don’t work IN your business, work ON it — is spelled out here in the seven essential disciplines followed by every leader of a world-class enterprise. Each discipline provides the leadership keys for unlocking success in the critical areas of business development: Leadership, Marketing, Finance, Money, Management, Client Fulfillment, Lead Conversion and Lead Generation. E-Myth Mastery is the ultimate business development program that will help you recover your passion and turn your company into a world-class operation — a turn-key machine for the money and satisfaction that only a successful entrepreneur can enjoy.
3. “Zig Ziglar’s Secrets Of Closing The Sale” – By Zig Ziglar
All of us are involved in selling every day. Whenever we present a product or a principle, inform a client, or instruct a child, we are engaging in the art of effective persuasion. Zig Ziglar is America’s master of the art of selling and in this audiobook, he explains proven, practical sales techniques all of us can use every day. He also provides vital strategies for specific closes, hundred of sales questions, and dozens of persuasion procedures to help everyone sell their ideas, or themselves. No matter what your age, gender, occupation, or lifestyle, these proven techniques from America’s selling sensation can work for you.
4. “Jack: Straight from the Gut” – by Jack Welch
Jack Welch is unquestionably one of the world’s most successful CEOs ever. In this powerful and thought-provoking audio book, Jack tells his own story, detailing how you can follow his steps to become one of the most successful persons in your career today.
5. “Good to Great: Why Some Companies Make The Leap” – by Jim Collins
You can’t argue with the fact that “without the techniques and strategies, no company or business can excel beyond a few days, weeks or even months”. Businesses and companies that have stood the test of time for many years know what to do and they have done it right. Jim Collins took the time to conduct extensive researches into how and what companies did to maintain success for many long years, while their counterparts failed within a few months or years of starting up. The power of the information contained within this audio book can help any business person to succeed.
These 5 audio books can truly help you improve your business, your career and your life, if you will simply take the time to listen to them and apply what you will learn. Before your next sales presentation, job interview, or important business meeting, take some time to go online and browse through an audiobook store for a downloadable business audiobook that you can burn to CD, or upload to your iPod or MP3 player. It will not only empower you to achieve better business results and improve your life, it will also give you a competitive edge over those who are spending their drive or commute time engaging in less productive activities.
For more articles and information about the benefits of audiobooks, visit http://www.audiobookone.com .
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