Tag: Can

50 Online Businesses You Can Run From Home #business #coach


#online home business

#

50 Online Businesses You Can Run From Home

Avoid cubicle farms and bosses breathing down your neck by starting an online business that you can run from home. Once you start making real money, you might never turn back. Here are 50 online businesses you start and run from home:

Virtual assistant
Help clients out by providing secretarial, technical, or creative support from your home office.

Providing content
Blogs, websites, even magazines need content to stay fresh and relevant. Put your writing, photography, or other artistic skills to work for pay.

Freelance programmer
Everyone needs a programmer. You re especially relevant and valuable if you can program mobile apps.

Affiliate marketing
Drive traffic to big sites like Amazon and eBay, or even to smaller sites via online ads and your website, then get a commission in return.

Reselling products

Buy a bunch of products at one price, set up a website, and resell them to interested buyers for profit.

Ebooks
Ebooks in every topic are a hot commodity. You could either get them written and sell them via your website, or write them yourself.

Home study courses

Learning a new skill is as easy as getting online, and if you have a specialty, it s a good time to turn it into a home study course that you can sell for profit.

Reports
Research a topic that people just can t find a solution to, package it into a report, then sell each report for money.

Educational videos

From fixing dishwashers to understanding myopia, people are hungry to learn online. Help them with your educational videos.

Selling software
From Internet security to marketing support, everyone with a computer is looking for some kind of software. Help them find it by selling it on your site.

Day trading
If you re willing to rise early, study markets, and put in winning bets, this three-hour-a-day job could be for you.

Google AdSense websites
Create one or more blogs or websites, and make money by showing Google AdSense ads.

Selling ad space
Build a website, increase traffic to it, and advertisers will be knocking on your door to pay you for ad space.

Flipping domains

See a potentially hot domain name that hasn t been taken yet? Buy it up and flip it for profit.

Online auctions
Yes, buying up someone else s junk at garage sales, then selling it for a premium on eBay still does work.

Data entry

Everyone needs data entry, but few are willing to do it. If you re one of those few, you can find contract jobs online.

Paid online surveys

Marketers will pay as much as $300 per day for in-person surveys. Online surveys will net you less, but if you do enough of them, you can make yourself a handsome little nest egg.

Network marketing
Proven products always need more sellers. Find a niche you like, put up a small amount of money upfront, make lots of phone calls and online inquiries, and watch the profits roll in.

Selling your handiwork or crafts
If you consider yourself an artsy-craftsy person, add the fruits of your labor to Etsy.com and transform them into dollars.

Flipping websites
Take someone s flailing website off their hands, polish it up, and find a buyer who wants it.

Naming domains
If you re good at naming things, try your hand at domain naming for profit at PickyDomains.com.

Writing software reviews
If you geek out on new apps, programs, and other software, writing reviews on SoftwareJudge.com can make you money.

Writing Google AdWords ads
Everyone wants good AdWords ads, but not everyone can write them well, as any Google search will demonstrate. Prettifying AdWords ads can make you a profit.

10 Great Ways to Rapidly Improve Your Credit Score

Write sponsored posts on your blog
Companies everywhere are dying for social media exposure. Get enough user traction on your blog, and make moola writing paid posts through an agency like PayPerPost.com.

Social media expert
If you have a real aptitude for gaining a following on social media sites like Twitter and Facebook, outsource those skills to companies as a social media expert.

Write an ezine with a paid subscription

If you have valuable content to offer, consider writing an ezine, then charging users to read it. This is an especially promising strategy as the age of the tablet rears its head.

Online research
Lots of people and companies need research done, but not everyone has the time to do it. Pimp your skills as a researcher-for-pay.

Flipping blogs
See a potentially huge blog that s been neglected by its owner? Snap it up, fix it up, increase traffic, and flip it to a buyer for a profit.

Transcribing
Transcribing audio content can be a slow, time-consuming process, and the truth is, there s just not that much good transcribing software out there. This could be your niche.

Recruiting
Becoming a freelance recruiter can offer handsome benefits, especially if you do it at the executive level.

Consulting
Pitch yourself as an expert in your field and harness your connections to consult for a living.

Life coach
Do you like to motivate people? Got business acumen? If so, exchange your skills for cash as an online life coach.

Online travel agent
Although lots of travel planning is now automated, you can still make money as a specialized travel agent, either for a travel portal or on a consulting basis.

Selling products
If you have something to sell, there s a place for you to sell it, from Craigslist to eBay to Amazon to all kinds of specialty sites.

Dropshipping
Be the middleman between a customer and a wholesaler by shipping goods that a customer orders from said wholesaler and marking them up in the process.

Graphic design
Put your artistic skills to use by designing posters, ads, business cards, and more.

Web design
Outsource your skills to the legions of companies and individuals looking for a new or improved website.

Selling used books
Selling used books on sites like Amazon.com and, if you sell the right books, quite lucrative.

Internet marketing
From blog guest posts to Facebook to newsletters, Internet marketing requires know-how, but you get paid bucks in return.

Accounting

If you re a CPA, jump online to bring in more business.

SEO
What use is a website if a search engine can t find it? Put your search maestro skills to use by becoming an SEO expert.

Apartment/roommate locator
Use your real estate acumen to find people the perfect apartment or home to rent, or even hook them up with a roommate.

Bookkeeping
Record financial transactions for clients, or work in billing.

Collections
Work as a bill collector from home.

Make how-to videos
Make quality how-to videos and sell them for profit.

Payroll services
Take care of payroll administration for businesses that can t do it in-house.

Cartridge refill

Have people mail you their empty ink cartridges, refill them at home, and mail them back.

Software beta testing
Become a beta tester for the many software companies putting out new products.

Vitamin sales
Tinctures, creams, and anything with the word anti-aging on it has a hot market. Gear up a site to sell these products online.

Medical claims billing
There are a lot of medical claims that need to be billed and everyone outsources. Get trained and jump on this for guaranteed bucks.


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Where can you go for the best business advice? #writing #business #plan


#small business advice

#

Where can you go for the best business advice?

Starting a business is an exhilarating experience but can also be quite treacherous, if you’re really sure where you’re going. Luckily there is a wealth of information out there to help you prepare. The only issue is, where to start?

Ever on the pilgrimage to make your business endeavors easier, we have collated a list of the best places to look for startup and small business advice. The best part is, most of them are completely free.

1. Startup advice

Gov.uk provides a range of business and financial support options, including advice on writing a business plan. help with finance and support, loans and Growth Voucher opportunities.

The government’s Growth Accelerator scheme is also well worth checking out. Eligible small businesses can access coaching and advice, as well as up to £2,000 of match funding per senior manager involved in the strategic direction of the business.

The government isn’t the only place you can find funding for your business more funding info here .

Startup Britain is characterised as a “national campaign by entrepreneurs for entrepreneurs” and provides free events and advice for budding businesses. They also work with the government in order to create better initiatives and funding options for startups, which aims to give small businesses the opportunity to have their say.

99u is online portfolio company, Behance’s effort to “make ideas happen”. The site offers a selection of articles, videos and advice on innovation and creative thinking. If you’re feeling a little depleted and you need some business motivation, 99u is a great place to start.

2. HR advice for small business

ACAS provides information, advice, training and other services for employers and employees relating to employment and HR issues. As well as advice and training, ACAS also offers online modules to help you achieve the ‘model workplace’ and get to grips with employment law.

Early conciliation is a particularly useful section of the ACAS site if you find yourself in a workplace dispute. The free service offers the opportunity to resolve issues without having to go to an employment tribunal.

HR Zone has a decent mix of informative blog posts, white papers and employment law features. They also have a library and online resource centre, which offers a 14 day free trial for all new members. It is free to join and you will be alerted of all up-and-coming events near your area.

Human Resource Solutions support small businesses who may not have the capital or need to hire HR professionals. The website offers professionally written free resources, as well as downloadable HR policies and procedures templates.

3. Accounting advice

J4b provides funding and grant information to startups and small businesses. The site also offers advice and guidance on relevant awards and tax relief and is easier to navigate than HMRC.

HMRC is the almighty ruler of all British tax issues and has all of the financial information required to set up your business and manage your finances. It is not the easiest website to navigate so here are some of the most useful areas for you:

  • Starting a business Help and support for new businesses, including what you need to register to get set up, limited company, VAT, PAYE for employers, record keeping ect.
  • Corporation tax Information on how to register, calculate and manage your corporation tax.
  • Import and export Tax laws on international trade, import control system and how to apply.

The new HMRC section on the gov.uk website is much more user friendly.

4. Business mentoring services

Horsesmouth describes itself as “the social network for informal mentoring” and offers the opportunity to sign up to have or be a mentor. They have a specific section on starting a business where you can search for mentors on a variety of subjects including, interviewing, managing people, business plan and investment.

Mentorsme is designed to help you find a business mentor as quickly and easily as possible. You can also find a range of useful resources on their website, including accounting a business advice, better financial control and how to complete a lending request.


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What Can I Do with My International Business Major? #business #cards


#international business jobs

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What Can I Do with My International Business Major?

Overview

The International Business major, in the McDonough School of Business, provides excellent preparation for students interested in careers involving the coordination of human and material resources toward the achievement of the international goals of the organization. In addition, international business requires special skills to adapt management methods to the needs of foreign environments.

The concentration is intended to prepare the student for administrative positions in international divisions of American companies; careers in the national or international government agencies concerned with international trade development, the establishment of international businesses; and careers in commercial and investment banking.

Skills

The study of international business allows for the development of a core set of skills sought after by employers in a wide range of occupational settings. A sampling of representative skills and abilities follows.

  • Analyze complex and unstructured data
  • Evaluate risks and opportunities
  • Coursework in Finance/Marketing/Management
  • Communicate clearly and persuasively
  • Diplomacy and negotiating
  • Networking
  • Public speaking
  • Awareness of international figures and news
  • Cultural sensitivity
  • Understanding of international politics
  • Understanding of trade regulations
Sample Internship Opportunities
  • Foreign companies operating in the United States (e.g. Chanel, Airbus)
  • Government Agencies (e.g. US Department of Commerce, State, Treasury)
  • Government Relations (e.g. Council on Foreign Relations)
  • International Banks (e.g. World Bank, Export-Import Bank, International Finance Corporation)
  • Multinational corporations (e.g. Viacom, L’Oreal, Hilton, Ogilvy Mather, Saatchi Saatchi, Disney, Goldman Sachs)
  • Nonprofit Organizations (e.g. Human Rights Watch, Amnesty International)

Where are Georgetown International Business Majors Now?

  • Financial Analyst
  • Stock Broker
  • Product Manager
  • Economist
  • Consultant Foreign Exchange Trader
  • Foreign Service Officer
  • Trade Specialist
  • Import/Export Coordinator
  • Lawyer Marketing Manager
  • Public Relations Specialist
  • Advertising Executive
  • Human Resources/Human Capitol Management
Relevant Web Sites and Publications
Professional Organizations

For information about career options, internship and full-time opportunities, contact the Career Education Center at One Leavey Center, (202) 687-3493.


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4 Ways a Small Business Can Scale to Profitability #business #management #degree


#small scale business

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4 Ways a Small Business Can Scale to Profitability

Downfalls like not being a profitable venture, startups shutting their doors or even bankruptcy are often caused by a lack of knowledge or a willing ignorance amongst small-business owners.

If the owners really knew what they were doing wrong, they might have been able to fix the problem, entrepreneur and business speaker Jay Goltz told The New York Times . Often, it s simply a matter of denial or of not knowing what you don t know.

Don t fall into the trap. Armed with the following knowledge and know-how, you have a fighting chance of making it as a profitable business that continues to scale for years to come.

1. Prove your expertise. To get customers to trust you (and pay for your products or services), you have to prove you re an expert in your industry.

You can accomplish this by posting blogs, sending out newsletters, participating in interviews, publishing content through noteworthy blogs or publications and making informative how-to and instruction videos that relate to your business.

You cannot buy trust at any price. But slowly, over time, you can build it for free, business advisor Jeffrey Gitomer told Copyblogger .

2. Take calculated risks. All entrepreneurs are risk-takers. They kind of have to be, as it is a huge leap of faith to start a business. But what makes one entrepreneur succeed, where another will fail has to do with if a person makes calculated or reckless risks.

Look at the costs and benefits of every decision and figure out the worst-case scenario. Have back-up plans in place and rely on trusted advisors like your accountants, bank, marketing consultants, lawyers and insurance agents.

Carefully plan out your course of action and make it a collaborative effort amongst you and your employees. That way, if failure does occur, you have people there to support you and assist you in deciding the next move and risk you should take. Plus, by taking these more conservative risks, you are less likely to make a mistake that could have detrimental ramifications — ones that could create financial situations that are hard to climb out of.

3. Develop a cash-flow strategy. Having a steady flow of cash is critical when you have a small business. You need to pay the bills and your employees, as well as purchase materials to scale your services or build your products and more. You also need to make a list of one-time expenses and ongoing expenses and figure out how much money you ll need to operate on a day-to-day basis.

One great tool is SCORE s break-even chart, which allows you to track your profits and can help you see how to increase them. To prepare for slow times of the year, you should save at least three to six months worth of cash to keep your operations going.

4. Appreciate your employees. When you hire employees, make sure that they re actually passionate about the industry you serve. If an interviewee is enthusiastic, does his or her research about your business and asks engaging questions, then he or she is likely to be a good candidate for a position and could provide amazing insights into growing your company.

Once you hire your rock-star team, treat employees as equals and trust them. Show that you appreciate their efforts by encouraging new ideas and collaboration. You can do this by simply being available to them and being positive when they have suggestions. If everyone is on the same page and feels like they have a say, the business is more likely to thrive.

Small business success can be achieved by thinking ahead and planning out your next move. It s a challenge to run a small business, but with the right preparation, you can come out on top.


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50 Online Businesses You Can Run From Home #small #business #saturday


#online home business

#

50 Online Businesses You Can Run From Home

Avoid cubicle farms and bosses breathing down your neck by starting an online business that you can run from home. Once you start making real money, you might never turn back. Here are 50 online businesses you start and run from home:

Virtual assistant
Help clients out by providing secretarial, technical, or creative support from your home office.

Providing content
Blogs, websites, even magazines need content to stay fresh and relevant. Put your writing, photography, or other artistic skills to work for pay.

Freelance programmer
Everyone needs a programmer. You re especially relevant and valuable if you can program mobile apps.

Affiliate marketing
Drive traffic to big sites like Amazon and eBay, or even to smaller sites via online ads and your website, then get a commission in return.

Reselling products

Buy a bunch of products at one price, set up a website, and resell them to interested buyers for profit.

Ebooks
Ebooks in every topic are a hot commodity. You could either get them written and sell them via your website, or write them yourself.

Home study courses

Learning a new skill is as easy as getting online, and if you have a specialty, it s a good time to turn it into a home study course that you can sell for profit.

Reports
Research a topic that people just can t find a solution to, package it into a report, then sell each report for money.

Educational videos

From fixing dishwashers to understanding myopia, people are hungry to learn online. Help them with your educational videos.

Selling software
From Internet security to marketing support, everyone with a computer is looking for some kind of software. Help them find it by selling it on your site.

Day trading
If you re willing to rise early, study markets, and put in winning bets, this three-hour-a-day job could be for you.

Google AdSense websites
Create one or more blogs or websites, and make money by showing Google AdSense ads.

Selling ad space
Build a website, increase traffic to it, and advertisers will be knocking on your door to pay you for ad space.

Flipping domains

See a potentially hot domain name that hasn t been taken yet? Buy it up and flip it for profit.

Online auctions
Yes, buying up someone else s junk at garage sales, then selling it for a premium on eBay still does work.

Data entry

Everyone needs data entry, but few are willing to do it. If you re one of those few, you can find contract jobs online.

Paid online surveys

Marketers will pay as much as $300 per day for in-person surveys. Online surveys will net you less, but if you do enough of them, you can make yourself a handsome little nest egg.

Network marketing
Proven products always need more sellers. Find a niche you like, put up a small amount of money upfront, make lots of phone calls and online inquiries, and watch the profits roll in.

Selling your handiwork or crafts
If you consider yourself an artsy-craftsy person, add the fruits of your labor to Etsy.com and transform them into dollars.

Flipping websites
Take someone s flailing website off their hands, polish it up, and find a buyer who wants it.

Naming domains
If you re good at naming things, try your hand at domain naming for profit at PickyDomains.com.

Writing software reviews
If you geek out on new apps, programs, and other software, writing reviews on SoftwareJudge.com can make you money.

Writing Google AdWords ads
Everyone wants good AdWords ads, but not everyone can write them well, as any Google search will demonstrate. Prettifying AdWords ads can make you a profit.

10 Great Ways to Rapidly Improve Your Credit Score

Write sponsored posts on your blog
Companies everywhere are dying for social media exposure. Get enough user traction on your blog, and make moola writing paid posts through an agency like PayPerPost.com.

Social media expert
If you have a real aptitude for gaining a following on social media sites like Twitter and Facebook, outsource those skills to companies as a social media expert.

Write an ezine with a paid subscription

If you have valuable content to offer, consider writing an ezine, then charging users to read it. This is an especially promising strategy as the age of the tablet rears its head.

Online research
Lots of people and companies need research done, but not everyone has the time to do it. Pimp your skills as a researcher-for-pay.

Flipping blogs
See a potentially huge blog that s been neglected by its owner? Snap it up, fix it up, increase traffic, and flip it to a buyer for a profit.

Transcribing
Transcribing audio content can be a slow, time-consuming process, and the truth is, there s just not that much good transcribing software out there. This could be your niche.

Recruiting
Becoming a freelance recruiter can offer handsome benefits, especially if you do it at the executive level.

Consulting
Pitch yourself as an expert in your field and harness your connections to consult for a living.

Life coach
Do you like to motivate people? Got business acumen? If so, exchange your skills for cash as an online life coach.

Online travel agent
Although lots of travel planning is now automated, you can still make money as a specialized travel agent, either for a travel portal or on a consulting basis.

Selling products
If you have something to sell, there s a place for you to sell it, from Craigslist to eBay to Amazon to all kinds of specialty sites.

Dropshipping
Be the middleman between a customer and a wholesaler by shipping goods that a customer orders from said wholesaler and marking them up in the process.

Graphic design
Put your artistic skills to use by designing posters, ads, business cards, and more.

Web design
Outsource your skills to the legions of companies and individuals looking for a new or improved website.

Selling used books
Selling used books on sites like Amazon.com and, if you sell the right books, quite lucrative.

Internet marketing
From blog guest posts to Facebook to newsletters, Internet marketing requires know-how, but you get paid bucks in return.

Accounting

If you re a CPA, jump online to bring in more business.

SEO
What use is a website if a search engine can t find it? Put your search maestro skills to use by becoming an SEO expert.

Apartment/roommate locator
Use your real estate acumen to find people the perfect apartment or home to rent, or even hook them up with a roommate.

Bookkeeping
Record financial transactions for clients, or work in billing.

Collections
Work as a bill collector from home.

Make how-to videos
Make quality how-to videos and sell them for profit.

Payroll services
Take care of payroll administration for businesses that can t do it in-house.

Cartridge refill

Have people mail you their empty ink cartridges, refill them at home, and mail them back.

Software beta testing
Become a beta tester for the many software companies putting out new products.

Vitamin sales
Tinctures, creams, and anything with the word anti-aging on it has a hot market. Gear up a site to sell these products online.

Medical claims billing
There are a lot of medical claims that need to be billed and everyone outsources. Get trained and jump on this for guaranteed bucks.


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8 Easy, Low-Cost Businesses Any College Student Can Start #top #ten #business #ideas


#business ideas for college students

#

8 Easy, Low-Cost Businesses Any College Student Can Start

Hi there, you can call me Aaron. I’m cofounder at livecube and I’m based in Greater New York City Area.

Let’s face it: summer internships aren’t the best route for all students. Some with an entrepreneurial side and a business-savvy mindset just need more—both in terms of real-life experience and dollars. For students who want a high return, low barrier to entry, freedom to be their own boss and something that will look great on an MBA application, here are nine low-cost starter businesses that college students can start.

Food Cart

There are only three things you need to create a food cart: a cart/kiosk, a license to sell and food to cook. Sites like GigMasters.com offer food carts for rent across the U.S. or you could set up your own table. The key is to finding a good location such as near a college campus or shopping area. Permits range depending on the location. For instance, a permit in Philadelphia is $150, while a permit for New York City is $200. Hot dogs, baked goods and tacos sell well due to low-cost supplies and minimal labor.

Avon Sales Rep

If you’re good with sales and you want to be your own boss without the added costs of starting your own business, being a sales rep for Avon is a good bet. With just $10, you’re on the way to getting things started and unlike other direct sales companies, the starter kit is included in this fee. Set your own hours, a space for yourself in your house and run your business as you please.

SAT Tutoring

No one is more qualified to tutor prospective college students on the SATs than a college student who did well on it. SAT prep books cost between $20 and $30. Set aside money for advertising in your local paper and put up your own ads in public places. Set your hourly rate at a reasonable price. TestMagic charges $85 per hour while others go as high as $200 per hour.

T-shirt Company

Raymond Lei, creator of ooShirts. created his own custom T-shirt business while in college. If you’ve got a funny sense of humor or great design style, starting your own shirt company is a great venture. After you’ve drafted a few ideas, the next step is to find a printer. Depending on how many shirts you’re printing, costs can run high, but as long as the demand is even higher, you’ll continue to be profitable. Think about getting a stand at a local flea market or street festival to boost sales.

Moving Service

All you need to begin your own moving services is a moving truck, a valid license and some brawny friends. U-Haul trucks typically between $20 to 40 per day (plus mileage) and most movers charge about $200 to $400 for a local move. Advertise your “man with a van” service on Craigslist and on public bulletin boards. Also use the Web by posting on Facebook and Foursquare, as well as asking friends or clients to review your business on Yelp. You can also find dollies, hand-trucks, blankets, and other moving supplies on Craigslist.

Childcare

Starting your own babysitting service can be easy, as long as you invest in the proper resources and become qualified. First, obtain a childcare license which can cost up to $100. You should be first aid and CPR trained, and these certificates cost about $50 (though some places, like the Red Cross, offer this for free). Advertise your service locally, or on trusted babysitter websites such as Sittercity.com and Care.com. Your best chance of success is by having a flexible schedule, such as availability on evenings and weekends. Parents will be especially impressed with students majoring in education, child psychology or art therapy.

Arts and Crafts

If you’re an artist, selling your work can be the perfect entrepreneurial venture for you. You can set up a profile on Etsy and sell your work there, as well as at arts and crafts festivals and school campuses. It might be helpful to have a website you can direct people to for photos of your work and contact information. Look at the most popular items on Etsy and at craft fairs, such as jewelry, hats, clothing and other objects. And to keep costs low, look for materials that can be repurposed (and possibly even donated by local businesses—”reclaimed” is hot these days).

Website Design

Almost every small business wishes it had a better website. If you have skills and experience with HTML, WordPress, Flash or other site-building platforms (and some graphic design chops), you can freelance your work for a hefty profit. If you want a simple projects, logos can be sold for over $300 apiece. Create packages in which you offer bundled services, such as revamping a site and starting a blog for a flat fee. Build a portfolio of mock-up home pages and bring your iPad to prospect meetings to show it off.

Did you have an enterprise to raise money for college?

Image by OPEN Forum


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A List Of The Worst Business Advice You Can Follow – Ever #business #management

#business advice

#

A List Of The Worst Business Advice You Can Follow Ever

There’s plenty of advice out there for how to start and run a business. But not all of it is good. In fact, there are some common sayings that are actually some of the worst business advice out there. The following includes some of the worst business advice you can follow.

The Worst Business Advice

Do What You Love

Although it may seem like a nice notion, this popular saying is widely considered one of the worst pieces of business advice out there. Just because you love doing something doesn’t mean that others will find it helpful or necessary. And if no one buys what you’re selling, then doing what you love won’t really get you anywhere.

If You Build It, They Will Come

Likewise, simply building an offering doesn’t mean that you’ll actually attract any customers. This saying implies that if you put in the work, there are customers out there who will support your business. But if you don’t do the research and find a market for your product or service, you very well could be in for a rude awakening.

The Customer is Always Right

This popular saying is meant to encourage business owners and employees to work hard to accommodate customers. And while customers and their opinions are generally important to the success of businesses, they’re not always right. If you’re constantly giving discounts or changing your offerings every time a customer makes a demand, you could be hurting your brand and your bottom line.

Never Turn Down a Paying Customer

Likewise, you shouldn’t assume that every customer you get will help your business. Especially if you have a consulting business or provide some other service where it can be necessary for you to work with someone over the long-term, it may very well be in your best interest to only take on a few very select clients.

Don t Quit Your Day Job

This is some of the worst business advice out there because there’s no right path for every entrepreneur. If you’re just starting out, it may very well be in your best interest to keep your full-time job while building a business. But then again you might be better off quitting and putting all your time and effort into your new venture. When it comes to making this decision, each entrepreneur has to decide based on his or her own set of circumstances, and not listen to a single one-size-fits-all recommendation.

Stay Away From Established Markets

Some experts claim that in order to start a successful business, you need to find a brand new niche or a huge gap in the market. But that’s not always true. You can start a business in an established market as long as you have at least one small thing that customers will appreciate to set you apart.

If You Want Something Done Right, You Have to Do It Yourself

Too many business owners try to do everything themselves because they have a hard time trusting anyone else with their business. But the fact is there are experts and great potential employees out there who can help you do things better than you could all by yourself.

It s All About Who You Know

Personal connections can certainly be helpful when it comes to running a successful business. But putting such a huge emphasis on them can discourage some people who aren’t well connected from starting businesses. You can always build connections as you go.

Stick to Your Plan

A business plan is a helpful tool. But it shouldn’t be the ultimate, unchanging guide for your business. Sometimes things change, and you should be able to adapt your plan to those changes.

Follow an Established Path to Success

Some experts think that there are just one or two ways to make it in the business world. But young, innovative entrepreneurs are forging their own paths every day. So don’t let anyone tell you that there’s one path you HAVE TO take in order to succeed.

Keep Your Business and Personal Life Separate

While there can be some merit to this piece of advice in certain situations, it’s no longer an absolute rule. Some small businesses actually thrive because the owner or the team shares their personality with customers. You don’t need to air all of your personal drama on social media. But being a little bit open and personable with your customers can be a good thing.

All Attention is Good Attention

Drawing attention to your business, especially during the early stages, can be difficult. So when you get any type of attention or press it might seem like a good thing. But if that attention isn’t in line with your brand and the image you want to portray, it could be doing more harm than good.

Hire the Most Experienced People

Experience can be a very good quality when looking to build your team. But it shouldn’t be the only quality you look for. Finding people who are enthusiastic, talented, creative and who share your vision for your business can be just as important if not more so.

Offer the Lowest Prices

Plenty of new businesses fall into the trap of trying to differentiate themselves from the competition by offering the lowest prices. But that isn’t always sustainable depending upon your costs and your business model. And it could damage your reputation moving forward.

Work Hard and Success Will Come

Hard work is certainly important when it comes to running a successful business. But it is not the only thing that matters. Don’t think that just because you’re putting in long hours and trying your best that success will eventually come. Sometimes it s more important to work smart than to work hard. Ultimately, the results you get are what matter.

Don t Try New Things

If you’ve found one or two things that work in your business, it can seem like a safe bet to stick with what works. But doing that won’t allow your business to grow as quickly as you might like. Trying new things can be risky, but it can also be rewarding.

Never Say No

Saying no to new clients, partnerships or opportunities may seem like a bad business strategy. But if you say yes to everything, you could be spreading yourself too thin or taking your business in too many different directions. You need to be very intentional when making those decisions so you can be sure that they’re going to benefit your business in the long run.

You Have to Spend Money to Make Money

This can be true in some circumstances. But you shouldn’t fall into the trap of thinking that making big investments in new equipment, employees, training or other resources, will magically make your business better. You need to be smart about how you spend. And besides, many entrepreneurs have built highly successful businesses with very few or almost no resources at all .

Never Stop Working

You have to work hard to run a successful business. But you also need to find a balance, or else you’ll burn yourself out and find yourself too uninspired to run your business successful. The risk of burnout is one reason work-life balance is an absolute must.

Give Up

Not all businesses succeed. In fact, most don’t. But this is still some of the worst business advice you could ever receive. It’s never up to someone else whether you give up or not. If that’s a decision you need to make, it should be based on more than just outside opinions. Never let others decide when it is time for you to throw in the towel.

What are some of the worst pieces of business advice you have ever heard?

Annie Pilon is a Senior Staff Writer for Small Business Trends, covering entrepreneur profiles, interviews, feature stories, community news and in-depth, expert-based guides. When she’s not writing she can be found on her personal blog Wattlebird. and exploring all that her home state of Michigan has to offer.

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Businesses You Can Start For Under $5, 000 #business #finance


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Businesses You Can Start For Under $5,000

Eight years ago, Texas resident Cynthia Ivie, a 43-year-old sales rep for Newsweek. struck out for Chicago with no more than a business idea and a 1989 Toyota Corolla packed with clothes, books, a vacuum cleaner, a stereo and a cocker spaniel named Buckley. Ivie’s big moneymaking idea: organizing the apartments and offices of busy people.

Today, Ivie’s company, White Space, offers “clutter control” services to hundreds of clients across the country, many of them recently relocated by big companies like the Walt Disney Co. and Exelon. White Space now has five full-time and eight part-time employees; Ivie expects revenues to top $1 million in 2007. “I knew the business would take off if I could survive long enough,” she says. “I had a lot of gumption–and probably a little naivet that kept me going.”

Gumption, naivet and very little cash. Ivie couldn’t afford a cellphone, so she bought a pager and a voicemail system for $200–”I knew where every pay phone in Chicago was,” she claims–and scraped together another $1,000 for brochures and business cards. For six months, she slept on a futon mattress in her friend’s basement. Eventually, she moved into her own home office, outfitted with two hand-me-down computers ($107) and two desks made out of hollow-core doors laid across cheap file cabinets ($20) from Office Depot. Total startup costs: around $1,500, including gas.

There are plenty of Ivies out there. And a lot them didn’t have–or need–gobs of green to launch their businesses.

Indeed, there are myriad ways to preserve precious cash while starting and building a business. Our special report, called “Small Business On The Cheap ,” offers plenty of helpful tips–from slashing marketing costs and telecom bills to cutting health care bills and travel expenses.

Like Ivie, fledgling entrepreneurs can save a bundle by selling services rather than products. “It’s really hard to start any product-based business for under $5,000,” says Richard Stim, co-author of Whoops! I’m in Business: A Crash Course In Business Basics with Lisa Guerin. In general, he says, there is less overhead for service-based businesses, which don’t require large outlays for equipment and inventory.

The best services to choose from are those that people don’t want to do themselves. Think yard work or preparing legal documents. Educational services such as teaching yoga, ballroom dancing or how to take the SATs are attractive, too. Better, still, if you can help people avoid or solve a problem–say, by inspecting homes for water quality or environmental safety.

There are some startup costs, of course. But when it comes to service businesses, the nice thing is that many don’t require expensive technology, save for maybe a computer and an Internet connection. If you want to start a child-care facility, for instance, you’ll want to spend a few dollars on toys and perhaps some childproof locks.

In some cases, as with child-care providers or real estate agents, you may need a state license or other certifications to set up shop. Child-care licenses run up to $100, depending on the state; you’ll also have to be certified in first aid and CPR (maybe $50 all in) and you’ll need some liability insurance (say, $450 per year).

A service startup’s biggest expense is probably marketing, be it printing brochures and business cards or placing ads in local newspapers. (Check out VistaPrint, which specializes in low-volume runs for smaller shops.) Setting up a blog can be a cheap way to get your message out, and it’s a lot less expensive than maintaining a Web site.

The best–and cheapest–advertising, however, is word of mouth. Offering free initial consultation meetings is a good way to get people talking. When Ivie landed in Chicago, she sent postcards to 30 local business people, promising three hours of organization services for free. “People snapped it up, tried the services, liked them, referred me to other people and the business started to grow,” she says.

In smaller markets, getting on friendly terms with the competition also can be good for business. If one piano teacher has too many students, she might sluice the spillover to you.

Whatever you do, though, remember to be patient. “If you’re looking to get rich quick, forget about it,” says Stim. “Instead, try to make a profit, enjoy what you’re doing and make it something that can keep going and going.”


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Your credit score may jump starting in July #how #can #u #check #your #credit

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YahooFinance

Your credit score may jump starting in July

Consumers may be a few days away from a higher credit score.

Improved standards for new and existing public records in the databases of the three major credit reporting companies will be implemented on July 1. As part of this change, a majority of civil debts and tax liens will be excluded, which means some credit scores will edge higher.

The new standards follow a report by the Consumer Financial Protection Bureau that found problems with credit reporting companies and recommended changes to help consumers.

Altogether, about 7 percent of the population will have a judgment or lien removed from their credit file, according to a report by Fair Isaac. The company calculates and sells FICO scores, one of the most commonly used scores by lenders.

Once that information is stripped out, their numbers could rise by up to 20 points, Fair Isaac said.

“Analyses conducted by the credit reporting agencies and credit score developers FICO and VantageScore show only modest credit scoring impacts,” the Consumer Data Industry Association, which represents Equifax, Experian and TransUnion, said in a statement.

Still, credit reporting and scores play a key role in most Americans’ daily life. The process can determine the interest rate a consumer is going to pay for credit cards, car loans and mortgages — or whether they will get a loan at all.

In the near term, “it will lower the cost of borrowing,” said Andrei Andreev, an adjunct professor of finance at San Diego State University.

For consumers who are not directly affected by the changes, there could be consequences as well. With more borrowers now qualifying for better terms, banks may eventually have to increase interest rates to compensate for that additional risk,” said Thomas Brown, a senior vice president for LexisNexis Risk Solutions. LexisNexis also provides lenders with data to make credit risk decisions on consumer loans.

What it really means is that there is vital information that is being ignored and the net result will disadvantage the other 93 percent of consumers,” Brown said.

“It will take us a little while to know exactly what the overall impact is,” said Ofer Mendelevitch, the vice president of data science at online lender LendUp.

For now, by eliminating those large sources of potential for errors, “we think it will represent credit worthiness better,” he said. (Incorrect information on a credit report is the top issue reported by consumers, according to the CFPB.)


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Can My Wages Be Garnished For Old Judgment? #how #much #of #your #paycheck #can

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Can my wages be garnished for old judgment?

Dear Bankruptcy Adviser,
I received a letter from a lawyer saying he has a judgment against me from 2007. The debt is from a credit card that I could not pay. Can my wages be garnished immediately or does he have to go back to court again because the judgment is so old?
— Gary

Dear Gary,
Your wages, your bank account and even your property are in jeopardy right now. This judgment is still valid and the attorney can act on it. Not only is it valid, but the balance has been going up at a fixed interest rate per year since 2007. In California, the judgment rate of interest is 10 percent. The interest rate could vary from state to state.

The attorney does need a court order to garnish your pay. That would require a bit of time, but not much. If this is an experienced collection attorney, he could have that order in less than 45 days. Your employer could begin garnishing wages in less than two months from the date of this letter.

This kind of judgment is good for 10 years from the date the court originally signed the order. At the end of the 10-year period, the creditor can renew the judgment through a very simple process for another 10 years, and so on. You could have this judgment follow you for decades.

You have a little bit of room to negotiate because in most cases, the creditor’s attorney would rather be paid a lump-sum figure to settle the case rather than receive monthly payments from your paycheck. He or she knows that while an employer can’t fire you for having this garnishment, the employer could find other convenient reasons to terminate you once the garnishment begins.

Employers don’t like employees in financial difficulty. They are distracted and, some people believe, more inclined to take shortcuts because of their financial issues. Law enforcement is particularly averse to hiring someone in financial distress because the employee dealing with financial issues is more likely to take bribes to resolve their problems.

You have a couple of options. The best one for your credit is to pay the debt. If eligible, you can file bankruptcy to eliminate the judgment and balance. Or you can also try to settle the account with a lump-sum payment or short-term repayment of a settlement.

However, the path you currently have taken — head in the sand, hope it goes away — has finally caught up with you. Don’t dally any longer.

Ask the adviser

To ask a question of the Bankruptcy Adviser, go to the “Ask the Experts ” page and select “Bankruptcy” as the topic. Read more Bankruptcy Adviser columns and more stories about debt management.

Bankrate’s content, including the guidance of its advice-and-expert columns and this website, is intended only to assist you with financial decisions. The content is broad in scope and does not consider your personal financial situation. Bankrate recommends that you seek the advice of advisers who are fully aware of your individual circumstances before making any final decisions or implementing any financial strategy. Please remember that your use of this website is governed by Bankrate’s Terms of Use .

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