Wednesday, March 21, 2012

start of your own buisness

How to Start Your Own Business

from wikiHow - The How to Manual That You Can Edit
Running your own business is a rewarding but engaging career and life choice. It demands your time and focus. Start by expecting to live your work until it is established so it can get off the ground. There are many different opinions about how to start a business from researching and writing a detailed business plan -- to organize it all -- to just jumping into a passion and trying to make money out of it.

Steps

  1. Think of every day problems and then think of how to help them. make sure its something you can make with your own hands, or some simple tools.
  2. Start with your idea. This probably isn't a brand new invention or product. In fact, many successful small businesses have found a way to deliver an existing service or product more efficiently and economically or have customized an existing product or service to fit an opportunity.
  3. Put together a business plan. This doesn't require hundreds of pages with thousands of charts. Include research into things like how much you can charge for your product/service, how much it will cost to produce or deliver (include variable & fixed costs), and the size of your potential market (i.e. number of customers). The plan should evaluate your competitors - how many competitors, how strong are they, where are they, how will you compete. The plan should state what is required to enter this market, barriers to entry such as high fixed costs (factories, restaurants) and government regulations that must be met.
  4. Determine if you need financing. Your business plan will include a section on financing. How will you pay the costs to start and run your business? Do you need a bank loan? Use credit cards? Self finance? Also, you'll need to consider how much salary you need to support yourself while starting your business.
  5. Put together your initial marketing plan. Marketing need not cost a fortune. Some businesses require very little. For example, many service businesses such as accounting firms build their practices through word-of-mouth referrals. You can also join free or low-cost associations to build awareness of your small business. Again, your business plan (product, customer, competitor) will help you determine the marketing efforts you need to undertake.
  6. Build your infrastructure early. This doesn't mean build a big factory or a fancy office. It simply means keep accurate customer records, a clean set of updated books and a technology foundation, if necessary. One of the downfalls of many small businesses is that they don't know if they're making or losing money (i.e. the need for a clean set of books). Another downfall is when small business owners try to sell their company years later but lack accurate customer history and customer information. Many times, the customers of a small business are its best asset, and, without the records, the small business can be sold only for salvage.
  7. Move forward and get started. Once you know you can be profitable take the leap and get started. Besides getting business supplies or advertising, plan ahead by establishing some new business clients ahead of time. If you're business is unlike a restaurant, that physically needs to wait for customers to walk into it's doors, establish accounts ahead of time. In this way, you will have pre-planned future receivables to look forward to. Think about and focus on making money first, where ever possible, instead of spending money. The more money you can bring in, without spending money, the more profitable you are going to be.
  8. Use the web. Use every technology available that will give your business a competitive advantage. The internet is a customers research tool. Help future customers learn more about you and the details about what you sell and why your products or services are different and better for them than other competitors.
  9. Make paying for your items or service convenient. In today's world, understand how people pay. Carrying cash can be risky. Therefore, most people choose to carry Visa, Mastercard, American Express and Discover. All these credit cards are part of our societies everyday life for making purchases. Debit cards are becoming especially popular. So, along with having a sales counter cash register, get set up to accept credit cards for your business. If you have your website set up, you should also make paypal payments available because most consumers feel that this is more secure, and many will use paypal.
  10. Purchase a new electronic credit card machine. These are now very affordable and available at wholesale prices for about $147. Be sure to look for a wholesale supplier, not a retail seller such as a bank. Banks usually charge higher prices or rent it to you, and you may pay for it many times over. The same credit machine supplier will more than likely be able to offer you credit machine service too. This monthly cost is about $10. By doing this you'll be able to get equipment for less then the price of some cell phones. More importantly, you can offer your customers an easy way to accept credit cards. The goal is to help customers self-finance their purchases when they don't or can't use cash.

Tips

  • Use free resources. Your local library contains numerous useful references regarding incorporation, writing business plans, marketing, as well as information specific to your industry. The Small Business Association, Chambers of Commerce, AMEX Small Business website, associations for your industry, associations by ethnicity...all of these offer training, materials, networking and sometimes financing. Another good option is SCORE, a group of retired executives who provide business start-up advice.
  • Recognize that getting your business off the ground will take time. Most businesses don't become profitable right away, so plan for that in your personal life too. You will be making sacrifices to be your own boss.
  • Make paying convenient and affordable. Offer credit machine service, monthly payment plans, buy one get one offers and offer sale prices.

Warnings

  • Running your own business is very time-consuming. You can rarely leave business because you are the boss there.
  • Be sure to carve out time for yourself. Make sure you stick with an exercise program or build in time to see your family. As mentioned in Warning #1 above, running your own business can consume you if you let it.
  • Just remember to have some fun while doing it!

Related wikiHows

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Start Your Own Business. All content on wikiHow can be shared under a Creative Commons license.

how to start

How to Make Money

from wikiHow - The How to Manual That You Can Edit
Sally Struthers once posed the timeless question in a TV commercial, "Do you want to make more money?" Without hesitation, she answered, "Of course, we all do." How did she know?Actually, this remarkable revelation isn't so startling when you consider that money not only makes the world go 'round, but also, apparently, talks. If your world has stopped spinning, or if you're having trouble talking, you've come to the right place. There are several different ways to make some quick cash today, but here's how to make money in the long run.

Steps

  1. Use the law of supply and demand to your advantage. Most of us are familiar with the law of supply and demand--the more there is of something, the cheaper it is; conversely, the rarer the product or service, the more expensive it is. However, other than when we get to a toy store before sunrise to get on line for the latest fad toy that kids can't get enough of, we don't really apply the law of supply and demand to our own lives--particularly our careers. For example, if you're aspiring to do something that many, many other people want to do (so much so that they do it for free, as a hobby) then it will be far more challenging for you to make money doing it. On the other hand, if you do something that most people don't want to do, or if you get very good at doing something most people don't do all that well, then you can make a whole lot more money. In other words, choose a career in pharmacy over photography.
    • If your career path is going nowhere, resign gracefully and switch careers. Research occupations to find out how much they pay and what their future outlook is (in the U.S., you can find this information in the Bureau of Labor Statistics Occupational Outlook Handbook). Find an occupation that pays well, and invest in the education and/or training to get you that job. Look for employers that offer competitive salaries and ample opportunity for advancement.
    • If your goal is to make enough money to retire early, prioritize earning potential over job satisfaction, since you plan on getting out of the rat race early, anyway. Consider the types of jobs that pay extraordinarily well in exchange for hard work, little psychological satisfaction, and a punishing lifestyle, such as investment banking, sales, and engineering. If you can keep your expenses low and do this for about 10 years, you can save a nest egg for a modest but youthful retirement, or to supplement your income while you do something you really love doing but doesn't pay much. But keep in mind that delayed gratification requires clear goal-setting and strong willpower.
  2. Recognize that time is money. This critical piece of advice is attributed to Benjamin Franklin, who was an accomplished American inventor, journalist, printer, diplomat, and statesman--the ultimate multitasker. Your ability to manage your time (and stop procrastinating) is a critical ingredient in your ability to make money. Whether you have a job or are self-employed, keep track of what you're spending your time on. Ask yourself "Which of these activities make the most money, and which of them are a waste of time?" Do more of the former and less of the latter, simple as that. When you're focusing on high-priority tasks, get the job done well, and get the job done fast. By working efficiently, you're giving your employer or clients more time, and they'll appreciate you for it. Remember that time is a limited resource that you're always investing. Will your investments pay off?
  3. Jack up your prices. If you're providing a skill, service or product that is in high demand and low supply, and you're making the most of your time, you should be making good money. Unfortunately, there are many people who are too humble or fearful to demand that they get paid accordingly. It's the pushovers in life who get taken advantage of and exploited, so if you think you might be one of them, learn how to stop being a people pleaser. If you work for someone else, ask for a pay raise or get a promotion, and if none of that pans out, revisit your career options as described previously. If you're self-employed, the first thing to do is to make sure your customers and clients pay up on time--this alone can substantially improve your income. Check your prices and rates against those of your competitors--are you undercutting them? Why? If you're providing a superior product or service, you should be getting at least the average, unless your profitability depends on mass production, in which case you're probably making a lot of money and wouldn't be reading this article anyway!
  4. Be proactive. Remember Murphy's Law: "Whatever can go wrong will go wrong." Make plans, complete with as many calculations as possible, then anticipate everything that can go wrong. Then make contingency or backup plans for each scenario. Don't leave anything to luck. If you're writing a business plan, for example, do your best to estimate when you'll break even, then multiply that time frame by three to get a more realistic date; and after you've identified all the costs, add 20% to that for costs that will come up that you didn't anticipate. Your best defense against Murphy's law is to assume the worst, and brace yourself. An appropriate amount of insurance may be something worth considering. Don't forget the advice of Louis Pasteur, a French chemist who made several incredible breakthroughs in the causes and prevention of disease: "Luck favors the prepared mind."
  5. Redefine wealth. In studies of millionaires, people are surprised to learn that most millionaires aren't doctors, lawyers, and corporate leaders with big houses and fancy cars; they're people who religiously live below their means and invest the surplus into assets, rather than liabilities.[1] As you're taking the above steps to make more money, keep in mind that increased income does not necessarily equal increased wealth. Most people who flaunt their wealth actually have a low net worth because their debt to asset ratio is high--in other words, they owe a whole lot more money than they actually have. All of the previous steps have outlined aggressive strategies for making money, but you'll never get anywhere if you have a hole in your pocket.
    • They say that a penny saved is a penny earned. Actually, when you consider that you pay taxes on every penny you earn, you really do make more money by saving than by increasing your income, especially if the extra income will increase your tax rate dramatically. For example, let's say you have a choice between saving $100 or earning an extra $100. If you pay 15% taxes, then when you earn an $100, you only get $85. But when you save $100 off of your existing budget, you keep it all. To sweeten the deal further, if you take advantage of compound interest as found in most savings accounts, over time you'll start making money on the amount saved plus previous interest paid on that amount saved. It'll be pennies at first, but eventually the amount will multiply exponentially.
    • Take advantage of tax laws if you're self-employed. Money saved on taxes is still money saved. You may be able to deduct many of your business expenses (use of your home, use of your car, office supplies, etc.) if you keep good records. You may also qualify for tax breaks, such as deducting your health insurance premiums on your tax return. These laws are in place to encourage commerce and business growth, so don't neglect their benefits.
    • If you're not self-employed and work for a company, find out if they have a retirement plan. If you're lucky, employers will sometimes match contributions you make into a retirement fund. Retirement plans also often have the benefit of being tax-deferred. The longer you get to keep your money (and make interest on it) the better. It's never too early to start planning for retirement.
  6. Know the difference between an asset and a liability. The dividing line is whether it puts money in your pocket, or takes it out.[2] As much as you love your home, for instance, it is a liability rather than an asset because you put more money into it than you get out of it (unless you're flipping it or renting it out). Whatever money you save, invest it in assets such as stocks, mutual funds, patents, copyrighted works--anything that generates interest or royalties. Eventually, you might get to the point where your assets are doing the work for you, and all you have to do is sit there and make money!
    • Watch out for inflation chipping away at your assets. We've all heard an elderly person describe the purchasing power of a coin in their day. Inflation continues to make today's money worth less in the future. To win the race against time and inflation, learn to invest your money in the right places. A savings account might help you to keep up with inflation; however, to stay ahead of the game you'll want to invest in bonds, stocks, or some other investment that returns above the average rate of inflation (currently 3%-4%).

Tips

  • Work on eliminating any debt you may have. When you have a high debt load, you're making someone else money; what you pay in interest is their paycheck. The sooner you repay your loans and debts, the sooner you stop giving your money away.
  • Start analyzing your decisions from the perspective of a firm. In economics, a firm's goal is simply to maximize profit. Well-run firms spend money only if they can expect to make more money from their investment, and they allocate their resources to the most profitable use. You're not a firm, of course, and you have other considerations, but if you make the majority of your time and money decisions by choosing the options that promise the highest return on investment, you'll likely earn more money, and that's good news for your shareholders (you and your family).

Warnings

  • Beware get-rich-quick schemes. Millions of people still get caught up in them. If it's too good to be true, it's truly no good. People who know how to get rich are busy getting rich. They are not advertising methods to get rich.
  • Don't lose sight of what's really important to you in your quest for money. Sure, you may be able to make more if you work longer hours, but will you and your family get to enjoy the extra money? Money can do a lot of things for you, but don't work yourself to death - you can't take it with you.

Related wikiHows

Sources and Citations

  1. Stanley, TJ and Danko, WD. The millionaire next door. ISBN 0671015206
  2. Kiyosaki, RT and Lechter, SL. Rich dad, poor dad. ISBN 0446677450

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Make Money. All content on wikiHow can be shared under a Creative Commons license.

Tuesday, March 13, 2012

How to Work at Home

from wikiHow - The How to Manual That You Can Edit
Working at home can provide a lot of flexibility. You can work when you feel like it, and if you have children, you can schedule your work day around their activities. Unfortunately, working at home can also be a negative if you don't know how to organize your time and you become distracted. Even if you have young children at home, you can be successful when you work at home by following certain steps.

Steps

  1. Get dressed and ready for work as if you are leaving the house. By doing this, you are transitioning yourself from home to work mode. Additionally, if you dress for work, you will take yourself more seriously and maintain a work place attitude. Working in your pajamas and slippers will only motivate you to go back to bed.
  2. Set yourself up for success by creating a work place where you can separate yourself from the rest of the house. If you are able to seclude yourself in a separate room--assuming someone's watching the children--then do so. Otherwise set yourself up in an area of a main room. You will have to remain disciplined about becoming distracted. You should also set yourself up with the necessary tools and resources to make your job easier. If you will be working online, you will need a comfortable and organized work station, high speed Internet, and access to a tech for troubleshooting computer issues.
  3. Set a schedule so that you remain disciplined. If you focus on specific objectives, then you will avoid distractions. Without a schedule, you will be less likely to complete projects, and this may result in you working late to catch up, or worse, you may have to add it to the next day's workload.
  4. Be professional even if you have children at home. If possible, you should schedule your calls during nap times or when the kids are watching a movie. Ideally, you should communicate primarily via e-mail or instant messaging.
  5. Avoid distractions during work hours. Don't justify house work by saying it will just take a second. Folding the laundry or loading the dishwasher can wait. You are on work time, and if you allow yourself to catch up on chores, you will be getting behind on your work. Additionally, get a business phone line and screen your personal calls. Only a sick child or an important appointment should divert you from your work.
  6. Don't allow yourself to become isolated when you work from the house. If you begin to feel cut off from the world, then treat yourself to a jaunt outdoors. You could even schedule something at the end of your day so you don't feel guilty. Take the children to the park, or meet up with a friend. Avoid jaunts during your work hours because you may lose track of time and find yourself working late into the night to catch up.
  7. End your day as scheduled, and pick up where you left off the next day. Don't allow your work to consume your family time. Your children and spouse may feel neglected and resentful.

Article provided by wikiHow, a wiki how-to manual. Please edit this article and find author credits at the original wikiHow article on How to Work at Home. All content on wikiHow can be shared under a Creative Commons license.

Search Engine Submission - AddMe

Monday, March 12, 2012

Final Thoughts

I’ve found that Mobile Monopoly is really the only complete course on mobile marketing that truly over delivers.
In fact, I was talking with Tim earlier on gmail chat and asked him why the course would be so cheap. And he told me that him and Adam had a lot of conversations concerting the price of Mobile Monopoly, and so they decided to make the course as affordable as possible for everyone.
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BestMobi Software Tool

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Pretty much BeastMobi is a tool that will automatically generate high converting mobile optimized campaigns for lead generation, CPA offers, or any other type other offer you’d like to promote on mobile phones.
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In addition to Mobile Monopoly courses you get

Email Marketing Course:
Yes, you get an email marketing course. This is a series of 9-videos created specifically to go hand-in-hand with mobile monopoly. Using the strategies he explains, Adam was able to generate a list of 20,000 people in one month’s time. In this course you will learn how he did it so you can do it also.
Outsourcing Course:
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40 Proven Mobile Campaigns:
These are 40 profitable campaigns that Adam and Tim have used in the past. What I like about these 40 campaigns is how diverse they are in nature. You would think that there is only one way to market on mobile phones, but no… there’s lots.
I do have to mention one thing though, I did try one of the profitable campaigns and unfortunately I did not get very good results. Time didn’t allow me to attempt any of the different campaigns but the point I want to make here is “Don’t buy Mobile Monopoly” solely based on these 40 profitable campaigns, because you will be greatly disappointed.
As an entrepreneur you have to think correctly, and success can’t really be passed on like this. I’m not saying none of the campaigns are profitable, but if worst comes to worst you will have 40 examples on how to correctly set up diverse kinds of campaigns.

Intro

Mobile Monopoly is by far the best mobile marketing course that I’ve seen. Actually it is the only one I know of, which goes to show how under exposed this market really is.
At first once inside the members area the information seen may be a little too much to take in all at once. Watching the introductory video will put everything into perspective and give you a lay out of how to get the most out of the course, and most importantly what action to take next and get started as fast as possible.
The full course consists of “all video” tutorials broken down in 10 sequential modules. Each module is geared toward a specific theme to make it easier to navigate the course.

Mobile Monopoloy Intro



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Sunday, March 11, 2012

Mobile Monopoly HOT!

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