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Why it’s a good idea to start a business while working #business #loans #for

#ideas for starting a business

#

Why it’s a good idea to start a business while working

Virgin Records was originally a side project as part of Student Magazine. We sold mail order records by running adverts for them in the magazine. The fact we were doing this on top of working didn’t bother us as we were completely passionate about music. Passion is the key to juggling work and business. If do what you love and love what you do you’re more likely to be successful.

When we went into aviation, again, we started our operations as side project while we were running Virgin Records. I saw a gap in the market one day after my flight was cancelled. With a desire to change the airline industry for good we started with one plane, and worked hard to grow Virgin Atlantic into an international carrier. We eventually had to sell Virgin Records to focus on Virgin Atlantic, but only after we proved there was a market for our airline.

The reason we’ve always started a new business while still working on an existing one is because it’s essential in entrepreneurship to limit the downside. Entrepreneurship by its nature is an incredibly risky vocation, so much so that eight out of 10 start-ups fail within the first 18 months. So, having to completely quit your current work to pursue a new idea can leave you open to failure on many levels.

At Virgin StartUp we’ve seen the benefits that come with starting a business while working. As a delivery partner for the government’s start-up loans scheme, we give support to entrepreneurs through access to loans. We’ve found that those who apply and plan to grow their idea while still working their day jobs are more confident in their ability to manage their money and time. Not having to be reliant on their new business to provide them with a full time income, they are given a bit of breathing space and time for their idea to gain traction. By working, they are able to make their loan last longer and go further.

Starting a business while working can also have a positive impact on your day job. Launching your own business requires you to be a jack-of-all-trades. You’re often the head of marketing, operations, business development and technology in the early days of business. I had at least 10 titles at Student magazine, depending on who I was talking to. Working across so many areas enables you to learn quickly and broaden your skill set – something that will undoubtedly make you a better employee as well as an entrepreneur.

This is a view we take at Virgin, where we encourage our people to work on projects in their spare time. It’s one of the best ways for staff to gain extra training and knowledge. I certainly learned more in the first year of launching and running Virgin than I did across 16 years of schooling.

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23 February 2016

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What are some good home-business ideas for a stay-at-home Indian woman? #unsecured #business #loan

#at home business ideas

#

There are many things you can do. Plus, you have the advantage of being more educated than your peers.

Firstly, I d suggest you to try and build an audience for yourself. The best way to get started with that would be to write a blog.

Do you have a hobby? Do you have a particular skill? You could help others pursue that hobby or learn that skill and make some profit from it too.

More often, we tend to have gained some skills by doing something, skills which complement the main thing. So, if you were a teacher, you d also to need to have good communication, crowd control and problem solving skills in addition of having the skill to teach. Try to explore these hidden skills of yours.

You mentioned that you had a child, did you pull off some clever skills or hacks while you were pregnant or your baby was growing up? Chances are many other women will also be in the same problem as you were in, write a book (eBook will be a good option here) detailing the problems and solutions you came up with. Sell it to the audience you have created. Initially, the money will not be that great, but if you keep coming up with good content and market yourself, there should be no problem in being able to run earn the money you want to.

Try reading new books, they help a lot. I recommend The $100 Startup. This book specifically profiles people who have earned around $50,000 a year doing things they love. Almost all the businesses mentioned here are not skill intensive and can be operated by anyone. Plus, the author also gives actionable advice on how and where to get started and what can you do to enjoy freedom and earn money.

Here s a list of what all you can do, according to me. Although, it would have been easier to answer this if you would have told, in which city you live and how much investment can you do. Still, I will try to do my best.

1. Teach what you know the best: Investment Banking — Apply in schools to teach commerce students of higher grades or apply in colleges. With industry exposure and experience I am sure you will easily get a job. Later, you can earn some extra money by giving tuitions in the evening. A teacher, teaching in a college and then giving tuitions can easily earn around 50,000.

2. Start Blogging: [ A lot of people below have listed blogging to earn money through Ads or affiliate marketing, but this will take time, it takes atleast 3 to 4 years to start earning a healthy amount through blogging and that too if you are regular blogger and understand lot many complexities like SEO, coding etc.]. Write about things that you understnad, you are at home, so you have time to research and read. Write your own articles and analysis about various mergers, economic trends, stock advices, etc etc. Publicise your blog through facebook and linkedin. Now use this as your customer base. Then start a separate consultancy and advisory. The way Google earns money. Give some services for free like research and analysis, in your case, and then earn from the presence of people. Later, with high traffic you will also be able to earn money from Ads. Also, if you will have a set of audience reading you per day, later you can also start writing for newspapers or magazines.

3. Start an Activity Centre: [ This is the reason, I asked how much investment you have. In both the options mentioned above, you will not need any investment but for this one, you will need an initial investment ]. Take a space on rent, or better if you have a hall and one room vacant in your home. Put 2 Pool tables, some table chair, an LCD or a Music system will also work, Free Wifi and provide some snacks. All this will cost around 2 lakhs of investment. Charge around Rs. 20 per person/per hour for the pool table. 8 people = Rs. 160. Assume that the shop remains operational for around 10 hours, our of which people play pool for say 5 hours, or for 5 hours the tables remain occupied. This will amount to Rs. 800. [Some times it may happen the tables are not fully occupied, that s why I decreased no of hours of occupancy. ] Provide snacks like, Masala Cola, Soda Lemon, Juice, French Fries, Burgers etc etc. They have high margin and it doesn t takes much expertise to make them. The free wifi and these snacks will make it a fun chill out and hang out place. People will come and spend time. Even if you will be able to make Rs. 400 from the snacks vertical. In aggregate you will be able make around Rs. 36,000 to Rs. 40,000 per month. Later you can expand to have a gym on the next floor or something.

4. Open up a Coaching Centre. This is similar to the 1st point. Education is the best business in India these days. One can easily earn Rs. 20,000 to 30,000 just by giving home tuitions in the evening, 4 to hours thats it. So you obviously will not give home tuitions, but open up your own coaching centre. Hire a teacher in the start, to teach subjects in which you are not very good. Preferably hire a college student as, they will be more enthusiastic and eager to teach and will charge less money, all they are concerned about is to make some extra bucks. Start with teaching commerce students, teach subjects that you know. May be 1st year you will not make much, but yes second year onwards you will have a decent income. And trust me this will rise exponentially. May be in 3 or 4 years, you will be earning much more than what you have expected above in the description, provided you give some good results and better branding.

5. Start Investing — You understand companies and you understand market. Start with a decent amount of Rs. 2 lakhs. Have a varied portfolio. With some technical analysis and a good knowledge, it wont be hard to make 20% return. And obviously later you will earn compounded returns. You will be able to make much more money after 2 or 3 years.

I hope some of these points will help and If any of these do work, then give me some tips on Investment Banking, or preferably teach me. P As, I want to be an Investment Banker and currently working in the same field. )





Tags : , , , , , , , , , ,

Why it’s a good idea to start a business while working #a #business #plan

#ideas for starting a business

#

Why it’s a good idea to start a business while working

Virgin Records was originally a side project as part of Student Magazine. We sold mail order records by running adverts for them in the magazine. The fact we were doing this on top of working didn’t bother us as we were completely passionate about music. Passion is the key to juggling work and business. If do what you love and love what you do you’re more likely to be successful.

When we went into aviation, again, we started our operations as side project while we were running Virgin Records. I saw a gap in the market one day after my flight was cancelled. With a desire to change the airline industry for good we started with one plane, and worked hard to grow Virgin Atlantic into an international carrier. We eventually had to sell Virgin Records to focus on Virgin Atlantic, but only after we proved there was a market for our airline.

The reason we’ve always started a new business while still working on an existing one is because it’s essential in entrepreneurship to limit the downside. Entrepreneurship by its nature is an incredibly risky vocation, so much so that eight out of 10 start-ups fail within the first 18 months. So, having to completely quit your current work to pursue a new idea can leave you open to failure on many levels.

At Virgin StartUp we’ve seen the benefits that come with starting a business while working. As a delivery partner for the government’s start-up loans scheme, we give support to entrepreneurs through access to loans. We’ve found that those who apply and plan to grow their idea while still working their day jobs are more confident in their ability to manage their money and time. Not having to be reliant on their new business to provide them with a full time income, they are given a bit of breathing space and time for their idea to gain traction. By working, they are able to make their loan last longer and go further.

Starting a business while working can also have a positive impact on your day job. Launching your own business requires you to be a jack-of-all-trades. You’re often the head of marketing, operations, business development and technology in the early days of business. I had at least 10 titles at Student magazine, depending on who I was talking to. Working across so many areas enables you to learn quickly and broaden your skill set – something that will undoubtedly make you a better employee as well as an entrepreneur.

This is a view we take at Virgin, where we encourage our people to work on projects in their spare time. It’s one of the best ways for staff to gain extra training and knowledge. I certainly learned more in the first year of launching and running Virgin than I did across 16 years of schooling.

More from Virgin

Comment

23 February 2016

Tags

Popular

Latest

Fancy coming to work for Virgin?

Richard s biography

Flick through all of Richard s books

Our Companies

Quick Links

Footer Navigation

Footer Navigation 2nd Column

Global Social Links





Tags : , , , , , , , , ,

What are some good home-business ideas for a stay-at-home Indian woman? #entrepreneurship #ideas

#at home business ideas

#

There are many things you can do. Plus, you have the advantage of being more educated than your peers.

Firstly, I d suggest you to try and build an audience for yourself. The best way to get started with that would be to write a blog.

Do you have a hobby? Do you have a particular skill? You could help others pursue that hobby or learn that skill and make some profit from it too.

More often, we tend to have gained some skills by doing something, skills which complement the main thing. So, if you were a teacher, you d also to need to have good communication, crowd control and problem solving skills in addition of having the skill to teach. Try to explore these hidden skills of yours.

You mentioned that you had a child, did you pull off some clever skills or hacks while you were pregnant or your baby was growing up? Chances are many other women will also be in the same problem as you were in, write a book (eBook will be a good option here) detailing the problems and solutions you came up with. Sell it to the audience you have created. Initially, the money will not be that great, but if you keep coming up with good content and market yourself, there should be no problem in being able to run earn the money you want to.

Try reading new books, they help a lot. I recommend The $100 Startup. This book specifically profiles people who have earned around $50,000 a year doing things they love. Almost all the businesses mentioned here are not skill intensive and can be operated by anyone. Plus, the author also gives actionable advice on how and where to get started and what can you do to enjoy freedom and earn money.

Here s a list of what all you can do, according to me. Although, it would have been easier to answer this if you would have told, in which city you live and how much investment can you do. Still, I will try to do my best.

1. Teach what you know the best: Investment Banking — Apply in schools to teach commerce students of higher grades or apply in colleges. With industry exposure and experience I am sure you will easily get a job. Later, you can earn some extra money by giving tuitions in the evening. A teacher, teaching in a college and then giving tuitions can easily earn around 50,000.

2. Start Blogging: [ A lot of people below have listed blogging to earn money through Ads or affiliate marketing, but this will take time, it takes atleast 3 to 4 years to start earning a healthy amount through blogging and that too if you are regular blogger and understand lot many complexities like SEO, coding etc.]. Write about things that you understnad, you are at home, so you have time to research and read. Write your own articles and analysis about various mergers, economic trends, stock advices, etc etc. Publicise your blog through facebook and linkedin. Now use this as your customer base. Then start a separate consultancy and advisory. The way Google earns money. Give some services for free like research and analysis, in your case, and then earn from the presence of people. Later, with high traffic you will also be able to earn money from Ads. Also, if you will have a set of audience reading you per day, later you can also start writing for newspapers or magazines.

3. Start an Activity Centre: [ This is the reason, I asked how much investment you have. In both the options mentioned above, you will not need any investment but for this one, you will need an initial investment ]. Take a space on rent, or better if you have a hall and one room vacant in your home. Put 2 Pool tables, some table chair, an LCD or a Music system will also work, Free Wifi and provide some snacks. All this will cost around 2 lakhs of investment. Charge around Rs. 20 per person/per hour for the pool table. 8 people = Rs. 160. Assume that the shop remains operational for around 10 hours, our of which people play pool for say 5 hours, or for 5 hours the tables remain occupied. This will amount to Rs. 800. [Some times it may happen the tables are not fully occupied, that s why I decreased no of hours of occupancy. ] Provide snacks like, Masala Cola, Soda Lemon, Juice, French Fries, Burgers etc etc. They have high margin and it doesn t takes much expertise to make them. The free wifi and these snacks will make it a fun chill out and hang out place. People will come and spend time. Even if you will be able to make Rs. 400 from the snacks vertical. In aggregate you will be able make around Rs. 36,000 to Rs. 40,000 per month. Later you can expand to have a gym on the next floor or something.

4. Open up a Coaching Centre. This is similar to the 1st point. Education is the best business in India these days. One can easily earn Rs. 20,000 to 30,000 just by giving home tuitions in the evening, 4 to hours thats it. So you obviously will not give home tuitions, but open up your own coaching centre. Hire a teacher in the start, to teach subjects in which you are not very good. Preferably hire a college student as, they will be more enthusiastic and eager to teach and will charge less money, all they are concerned about is to make some extra bucks. Start with teaching commerce students, teach subjects that you know. May be 1st year you will not make much, but yes second year onwards you will have a decent income. And trust me this will rise exponentially. May be in 3 or 4 years, you will be earning much more than what you have expected above in the description, provided you give some good results and better branding.

5. Start Investing — You understand companies and you understand market. Start with a decent amount of Rs. 2 lakhs. Have a varied portfolio. With some technical analysis and a good knowledge, it wont be hard to make 20% return. And obviously later you will earn compounded returns. You will be able to make much more money after 2 or 3 years.

I hope some of these points will help and If any of these do work, then give me some tips on Investment Banking, or preferably teach me. P As, I want to be an Investment Banker and currently working in the same field. )





Tags : , , , , , , , , , ,

Small Business Loans for Good, Average and Bad Credit #business #database

#small business loans

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Credit Cards

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Small Business Loans for Good, Average and Bad Credit

Small business loans can be critical to your success as a business owner. Traditional banks are no longer your only option. From SBA loans to business lines of credit to invoice-based financing, you now have access to many options through online lenders. Find the business financing product that is best for you. Learn about loan/product types .

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*Annual Percentage Rates (APR), loan term and monthly payments are estimated based on analysis of information provided by you, data provided by lenders, and publicly available information. All loan information is presented without warranty, and the estimated APR and other terms are not binding in any way. Lenders provide loans with a range of APRs depending on borrowers credit and other factors. Keep in mind that only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend on factors like credit score, requested loan amount, loan term, and credit history. All loans are subject to credit review and approval.

The government-guaranteed business loan program works with banks to offer low interest rates and long-term repayment. SBA loans offer low rates and long repayment terms. But the process is time consuming and the requirements are strict. Only those with great personal credit, strong business finances and the bandwidth to wait for funding should apply. – Loan amounts: $30,000 to $5 million – APR range: 7% to 8% – Good for: large one-time investments, purchasing real estate or equipment, buying existing businesses, refinancing debt

Online lenders offer term loans of up to $500,000. For a short-term loan, the repayment period typically ranges from six to 12 months, while a long-term loan’s repayment can extend up to 10 years or longer in some cases. – APR range: 7% to 98% – Good for: large one-time investments

A business line of credit provides you with access to flexible cash. Lenders give you access to a specific amount of credit (say, $100,000), but you don’t make payments or get charged interest until you tap into the funds. – Credit line range: $2,000 to $500,000 – APR range: 9% to 108% – Good for: managing cash flow, handling unexpected expenses and financing short-term business needs.

Invoice factoring lets your small business turn its invoices (the money owed by customers that has yet to be paid) into immediate cash. You sell the invoices to a factoring company, which then gets paid when it collects from your customers. If you’d rather maintain control over your invoices, invoice financing is an alternative to factoring. – Financing amounts: $500 to $500,000 – APR range: 11% to 64% – Good for: managing cash flow, short-term financing

Only about 1 in 5 businesses that apply for a loan from a big bank are approved. To solve that problem, we work with online lenders that specialize in making the loan application process simple. Plus, they’re faster and offer more competitive rates than many banks.

How does NerdWallet make money?

We make money when you get the funding you need. Some of the loan providers on our site pay us a referral fee when customers like you get approved for a loan. We always try to find the best option for you, even if we don’t have a paying relationship with that lender. We also actively turn down offers from lenders that we feel seek to take advantage of small business owners. Read more about how we make money .

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines. and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.





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Good business names #atm #machine #business

#good business names

#

10 Ways To Come Up With A Killer Name For Your Company

www.jawshark.com

First things first – your startup needs a name! This may seem a silly and frivolous task, but it may be the most important decision you make.

The name of your business has a tremendous impact on how customers and investors view you, and in today’s small world, it’s a world-wide decision.

Please don’t send me any more business plans with TBD or NewCo in the title position. Right or wrong, the name you choose, or don’t choose, speaks volumes about your business savvy and understanding of the world you are about to enter. Here are some key things I look for in the name, with some help from Alex Frankel and others.

If you are still unsure of yourself after reading through the tips, you should know that there are many dedicated firms, like Igor and A Hundred Monkeys. that can relieve you of $1M of your hard-earned funds to come up with just the right appellation. Hmmm. I wonder how much they spent on their own names?

View As: One Page Slides

Read the original article on Startup Professionals Musings. Copyright 2010.

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What are some good home-business ideas for a stay-at-home Indian woman? #franchise #loans

#at home business ideas

#

There are many things you can do. Plus, you have the advantage of being more educated than your peers.

Firstly, I d suggest you to try and build an audience for yourself. The best way to get started with that would be to write a blog.

Do you have a hobby? Do you have a particular skill? You could help others pursue that hobby or learn that skill and make some profit from it too.

More often, we tend to have gained some skills by doing something, skills which complement the main thing. So, if you were a teacher, you d also to need to have good communication, crowd control and problem solving skills in addition of having the skill to teach. Try to explore these hidden skills of yours.

You mentioned that you had a child, did you pull off some clever skills or hacks while you were pregnant or your baby was growing up? Chances are many other women will also be in the same problem as you were in, write a book (eBook will be a good option here) detailing the problems and solutions you came up with. Sell it to the audience you have created. Initially, the money will not be that great, but if you keep coming up with good content and market yourself, there should be no problem in being able to run earn the money you want to.

Try reading new books, they help a lot. I recommend The $100 Startup. This book specifically profiles people who have earned around $50,000 a year doing things they love. Almost all the businesses mentioned here are not skill intensive and can be operated by anyone. Plus, the author also gives actionable advice on how and where to get started and what can you do to enjoy freedom and earn money.

Here s a list of what all you can do, according to me. Although, it would have been easier to answer this if you would have told, in which city you live and how much investment can you do. Still, I will try to do my best.

1. Teach what you know the best: Investment Banking — Apply in schools to teach commerce students of higher grades or apply in colleges. With industry exposure and experience I am sure you will easily get a job. Later, you can earn some extra money by giving tuitions in the evening. A teacher, teaching in a college and then giving tuitions can easily earn around 50,000.

2. Start Blogging: [ A lot of people below have listed blogging to earn money through Ads or affiliate marketing, but this will take time, it takes atleast 3 to 4 years to start earning a healthy amount through blogging and that too if you are regular blogger and understand lot many complexities like SEO, coding etc.]. Write about things that you understnad, you are at home, so you have time to research and read. Write your own articles and analysis about various mergers, economic trends, stock advices, etc etc. Publicise your blog through facebook and linkedin. Now use this as your customer base. Then start a separate consultancy and advisory. The way Google earns money. Give some services for free like research and analysis, in your case, and then earn from the presence of people. Later, with high traffic you will also be able to earn money from Ads. Also, if you will have a set of audience reading you per day, later you can also start writing for newspapers or magazines.

3. Start an Activity Centre: [ This is the reason, I asked how much investment you have. In both the options mentioned above, you will not need any investment but for this one, you will need an initial investment ]. Take a space on rent, or better if you have a hall and one room vacant in your home. Put 2 Pool tables, some table chair, an LCD or a Music system will also work, Free Wifi and provide some snacks. All this will cost around 2 lakhs of investment. Charge around Rs. 20 per person/per hour for the pool table. 8 people = Rs. 160. Assume that the shop remains operational for around 10 hours, our of which people play pool for say 5 hours, or for 5 hours the tables remain occupied. This will amount to Rs. 800. [Some times it may happen the tables are not fully occupied, that s why I decreased no of hours of occupancy. ] Provide snacks like, Masala Cola, Soda Lemon, Juice, French Fries, Burgers etc etc. They have high margin and it doesn t takes much expertise to make them. The free wifi and these snacks will make it a fun chill out and hang out place. People will come and spend time. Even if you will be able to make Rs. 400 from the snacks vertical. In aggregate you will be able make around Rs. 36,000 to Rs. 40,000 per month. Later you can expand to have a gym on the next floor or something.

4. Open up a Coaching Centre. This is similar to the 1st point. Education is the best business in India these days. One can easily earn Rs. 20,000 to 30,000 just by giving home tuitions in the evening, 4 to hours thats it. So you obviously will not give home tuitions, but open up your own coaching centre. Hire a teacher in the start, to teach subjects in which you are not very good. Preferably hire a college student as, they will be more enthusiastic and eager to teach and will charge less money, all they are concerned about is to make some extra bucks. Start with teaching commerce students, teach subjects that you know. May be 1st year you will not make much, but yes second year onwards you will have a decent income. And trust me this will rise exponentially. May be in 3 or 4 years, you will be earning much more than what you have expected above in the description, provided you give some good results and better branding.

5. Start Investing — You understand companies and you understand market. Start with a decent amount of Rs. 2 lakhs. Have a varied portfolio. With some technical analysis and a good knowledge, it wont be hard to make 20% return. And obviously later you will earn compounded returns. You will be able to make much more money after 2 or 3 years.

I hope some of these points will help and If any of these do work, then give me some tips on Investment Banking, or preferably teach me. P As, I want to be an Investment Banker and currently working in the same field. )





Tags : , , , , , , , , , ,

Good business names #premium #business #cards

#good business names

#

10 Ways To Come Up With A Killer Name For Your Company

www.jawshark.com

First things first – your startup needs a name! This may seem a silly and frivolous task, but it may be the most important decision you make.

The name of your business has a tremendous impact on how customers and investors view you, and in today’s small world, it’s a world-wide decision.

Please don’t send me any more business plans with TBD or NewCo in the title position. Right or wrong, the name you choose, or don’t choose, speaks volumes about your business savvy and understanding of the world you are about to enter. Here are some key things I look for in the name, with some help from Alex Frankel and others.

If you are still unsure of yourself after reading through the tips, you should know that there are many dedicated firms, like Igor and A Hundred Monkeys. that can relieve you of $1M of your hard-earned funds to come up with just the right appellation. Hmmm. I wonder how much they spent on their own names?

View As: One Page Slides

Read the original article on Startup Professionals Musings. Copyright 2010.

Share This Post

Recommended For You

Comments

More from Business Insider





Tags : , ,

What are some good home-business ideas for a stay-at-home Indian woman? #business #card #designer

#at home business ideas

#

There are many things you can do. Plus, you have the advantage of being more educated than your peers.

Firstly, I d suggest you to try and build an audience for yourself. The best way to get started with that would be to write a blog.

Do you have a hobby? Do you have a particular skill? You could help others pursue that hobby or learn that skill and make some profit from it too.

More often, we tend to have gained some skills by doing something, skills which complement the main thing. So, if you were a teacher, you d also to need to have good communication, crowd control and problem solving skills in addition of having the skill to teach. Try to explore these hidden skills of yours.

You mentioned that you had a child, did you pull off some clever skills or hacks while you were pregnant or your baby was growing up? Chances are many other women will also be in the same problem as you were in, write a book (eBook will be a good option here) detailing the problems and solutions you came up with. Sell it to the audience you have created. Initially, the money will not be that great, but if you keep coming up with good content and market yourself, there should be no problem in being able to run earn the money you want to.

Try reading new books, they help a lot. I recommend The $100 Startup. This book specifically profiles people who have earned around $50,000 a year doing things they love. Almost all the businesses mentioned here are not skill intensive and can be operated by anyone. Plus, the author also gives actionable advice on how and where to get started and what can you do to enjoy freedom and earn money.

Here s a list of what all you can do, according to me. Although, it would have been easier to answer this if you would have told, in which city you live and how much investment can you do. Still, I will try to do my best.

1. Teach what you know the best: Investment Banking — Apply in schools to teach commerce students of higher grades or apply in colleges. With industry exposure and experience I am sure you will easily get a job. Later, you can earn some extra money by giving tuitions in the evening. A teacher, teaching in a college and then giving tuitions can easily earn around 50,000.

2. Start Blogging: [ A lot of people below have listed blogging to earn money through Ads or affiliate marketing, but this will take time, it takes atleast 3 to 4 years to start earning a healthy amount through blogging and that too if you are regular blogger and understand lot many complexities like SEO, coding etc.]. Write about things that you understnad, you are at home, so you have time to research and read. Write your own articles and analysis about various mergers, economic trends, stock advices, etc etc. Publicise your blog through facebook and linkedin. Now use this as your customer base. Then start a separate consultancy and advisory. The way Google earns money. Give some services for free like research and analysis, in your case, and then earn from the presence of people. Later, with high traffic you will also be able to earn money from Ads. Also, if you will have a set of audience reading you per day, later you can also start writing for newspapers or magazines.

3. Start an Activity Centre: [ This is the reason, I asked how much investment you have. In both the options mentioned above, you will not need any investment but for this one, you will need an initial investment ]. Take a space on rent, or better if you have a hall and one room vacant in your home. Put 2 Pool tables, some table chair, an LCD or a Music system will also work, Free Wifi and provide some snacks. All this will cost around 2 lakhs of investment. Charge around Rs. 20 per person/per hour for the pool table. 8 people = Rs. 160. Assume that the shop remains operational for around 10 hours, our of which people play pool for say 5 hours, or for 5 hours the tables remain occupied. This will amount to Rs. 800. [Some times it may happen the tables are not fully occupied, that s why I decreased no of hours of occupancy. ] Provide snacks like, Masala Cola, Soda Lemon, Juice, French Fries, Burgers etc etc. They have high margin and it doesn t takes much expertise to make them. The free wifi and these snacks will make it a fun chill out and hang out place. People will come and spend time. Even if you will be able to make Rs. 400 from the snacks vertical. In aggregate you will be able make around Rs. 36,000 to Rs. 40,000 per month. Later you can expand to have a gym on the next floor or something.

4. Open up a Coaching Centre. This is similar to the 1st point. Education is the best business in India these days. One can easily earn Rs. 20,000 to 30,000 just by giving home tuitions in the evening, 4 to hours thats it. So you obviously will not give home tuitions, but open up your own coaching centre. Hire a teacher in the start, to teach subjects in which you are not very good. Preferably hire a college student as, they will be more enthusiastic and eager to teach and will charge less money, all they are concerned about is to make some extra bucks. Start with teaching commerce students, teach subjects that you know. May be 1st year you will not make much, but yes second year onwards you will have a decent income. And trust me this will rise exponentially. May be in 3 or 4 years, you will be earning much more than what you have expected above in the description, provided you give some good results and better branding.

5. Start Investing — You understand companies and you understand market. Start with a decent amount of Rs. 2 lakhs. Have a varied portfolio. With some technical analysis and a good knowledge, it wont be hard to make 20% return. And obviously later you will earn compounded returns. You will be able to make much more money after 2 or 3 years.

I hope some of these points will help and If any of these do work, then give me some tips on Investment Banking, or preferably teach me. P As, I want to be an Investment Banker and currently working in the same field. )





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ATM machine business- Good idea or Bad idea? The eBay Community #short #term #business

#atm machine business

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I used to work part time security for the Atlanta Beat Women’s Professional Soccer team. They would sell mayber 13 – 15,000 seats to a home soccer game that played at a local college stadium.

No ATM the first season and the concessionaires were complaining.

So the second season some guy shows up with a portable ATM machine and had it running at the front gates.

I would work the front gate for every home game and don’t think I saw more than 3 people a game use the machine.

If he charged $2.00 per transaction, he grossed $6 per game.

I get a kick out of watching the police video shows on TV where the convenience store cameras shows the pick up trucks driving through the plate glass window at night, four of five youths jump and and throw a chain around the ATM and then drive off with the whole thing! If you got $5k of your own money inside one of those when it disappears, you’d have a tough time making that up on service charges.

Unless you got one inside a casino, I’d pass on this opportunity.

I run into this article recently. It’s about a black man wrongly convicted for murder. Got himself free after 18 years in prison. it’s not an ad for ATM business so I believe it’s true.Read it and evaluate it yourself

This article make me curious about the ATM business.So i do some investigation myself

Also I search in internet:

Look at the Franklinatm site. They list the monthly data recorded directly at some of their ATM machine. You may want to ask the seller for the printout.

I appreciate if you share any information that you get about this transaction.

I believe ATM business is a good business. I see people using this service a lot.It carts to the people that craving for conveniences disregarding the cost. And there is a lots of these people in this country.

My concern is the timming. Would it be too late already to get into this business. May be that the reason the seller want to get out.





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