Business · Network Marketing

Four Steps to Maximize Productivity and Resourcefulness When Dealing with Financial Stress and Worry

Written by FERNY CEBALLOS | Filed under ATTRACTION MARKETING Stress and worry can seriously impact your business… Because it’s extremely difficult to make effective decisions when you’re emotionally exhausted. This comes up over and over again, especially when people are dealing with the financial risks inherent in advertising. Case in point: I keep seeing this in our private Facebook… Continue reading Four Steps to Maximize Productivity and Resourcefulness When Dealing with Financial Stress and Worry

Business · Entrepreneur · TrafficCenter101

Can Your Business Survive?

Ralph Waldo Emerson said, “Build a better mousetrap, and the world will beat a path to your door.”

But when you’re starting your own business, there’s no guarantee that your “mousetrap” is going to survive, especially in today’s fast-paced business world.

Nearly half of all small businesses fail within the first two years of operation. The number one reason for business failure is inadequate planning. The second reason is under-capitalization.

So before you mortgage your house, or go into debt financing your business, you need to know if your business is going to do more than survive — you want to know if it’s good enough to thrive! Here are three things successful businesses (in business for five years or longer) have in common:

1. The idea.  A successful business start-up always starts with an idea. Something that makes your business stand out from all the rest. So how do you know if you’ve got a good idea?

You’ve probably got a good idea if you can answer yes to any of the following questions: Does your idea provide the solution to a significant problem for your target market? Does it satisfy a need or want? Does it create an opportunity?

The most successful businesses either fix problems (either real or perceived), or they increase your customer’s pleasure. They create a repeat need for a product or service among the target market.

2. The market.  Your chances of survival are better if you can answer the following questions with a yes: Is there already a market for your product or service? (It’s much easier to fill a need than trying to create an entirely new market.) Can your target market afford to buy your products or services? (If they can’t afford it, it doesn’t matter how great it is, you won’t sell any!) Will your target market perceive your product or service as valuable? (If they want it, but don’t think it’s worth what you’re selling it for, you won’t make any sales.)

3. Your ability.  Do you have the people, the resources and the knowledge to be able to consistently provide your products or services to your target market? Can you maintain a competitive advantage? Do you have enough manpower? Can you purchase the supplies and materials you need over the long run?

DreamhostYour first step always is to create a solid business plan. Your business plan is more than an essay on “Why I deserve to get funding for my idea” however. Don’t spend all the time creating a business plan and then toss it in the bottom drawer of your desk. Your business plan should be a living, breathing roadmap that helps you make sure you’re on course and reaching the goals that you set for your business.

The second step to business survival is getting enough financing. Although the term “bootstrap entrepreneur” describes most small business owners, having enough capital to be able to keep your business afloat is vital to your survival.

When you’re creating your financial analysis of your business, make sure you’re being realistic about costs and expenditures, so that you give yourself the cushion you need to succeed.

If finding financing is a problem, either because you don’t have enough credit or equity, or there are other problems, take the time to look into the resources that are available in your community. There are a wide variety of grants and loans (including microloans) for entrepreneurs, if you know where to look.

Some great resources will be:

  • The Small Business Administration
  • Local Small Business Development Centers
  • Women’s Organizations
  • Local University or Community College
  • Chamber of Commerce
  • SCORE (The Association for Retired Executives)
  • Nonprofit organizations that work on economic development in your area

Use other successful business models as a guide. When you’re getting started, look around. What businesses are successful? Why? What is it they’re doing that is working? What attributes do you admire, and why? You stand a better chance of succeeding if you’re modeling someone who is already successful.

Find a mentor. Most entrepreneurs have great skills and abilities, but no one does everything well. You probably already know what your strengths and weaknesses are. (If not, there are many resources and tools that can help you figure it out!) Rather than ignoring your weaknesses, find a mentor who can help you either build your skills in your weaker areas, or offer advice for getting what you need.

If you take the time to plan to succeed, you could be creating a legacy that will be enjoyed by future generations, and that other entrepreneurs will look at as a model for building their own businesses.


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Business · Home Business Opportunity · Network Marketing

No Upsells at Worldprofit. Everything you need to start earning online now is included in the Silver Membership

Doesn’t it bug you when you buy something and you get hit up with up-sell after up-sell? That doesn’t happen at Worldprofit. At Worldprofit, our Silver Membership includes everything you need to grow your own online business from the first day you join our company. Your own domain based website; pick your own name or… Continue reading No Upsells at Worldprofit. Everything you need to start earning online now is included in the Silver Membership

Business · Entrepreneur

[DECLASSIFIED] Robert Kiyosaki’s Brain…

So this Robert Kiyosaki event…

Did you save your spot yet?

It’s seriously only $1.00 and it’s all online (so you can watch it from your laptop).

Here’s why this is going to be a game-changer for thousands of people –

It’s a backstage pass to Robert Kiyosaki’s brain.

All for less than a cup of coffee costs.

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And the speaker lineup is top-notch.

All entrepreneurs.

All successful.

And all of them are going to SHOW YOU how to break into the top 1% lifestyle.

Listen…

I KNOW what it feels like to be stuck…

  • Living from payday to payday…
  • Always playing catch up on bills…
  • Never being able to buy stuff…
  • Looking at that damn debt & wondering if it’ll EVER get paid off

That sucks!

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Even the event page says:

  • 78% of full-time workers said they live paycheck to paycheck
  • 56% of all U.S. workers say that they’re in debt over their heads

And that’s why this event is a LIFELINE!

It’s an insider look at the methods, rules, tactics, and mindset of some of the most successful entrepreneurs, wealth creators, and business people on the planet.

They’re showing you how to do EVERYTHING…

  • Increase your income…
  • Acquire assets…
  • Build passive revenue streams…
  • Invest in real estate…
  • The opportunity in cryptocurrencies…
  • Build your own business…
  • And much more…

For $1.00.

Check it out, get your seat, and get ready to level-up

I hope you jump on this opportunity, because as Robert Kiyosaki himself says:

“People need to wake up and realize that life doesn’t wait for you. If you want something, get up and go after it.”

So…

http://hey.letsbuildthatlist.com/2Days1Dollar

Go after it!

Business · Entrepreneur

Are You Ready To Become Self-Employed

 

If you are interested in starting a business, or taking over one, you face a daunting task that carries a level of risk and excitement not possible in the ’employee’ world.

If the financial independence of self-employment appeals to you – no boss, no income limits as to time and wage, and the ability to let your personal drive determine your compensation – then you will no doubt be eagerly going over the many options available to release you from your current job.

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However, the rush of financial excitement must be tempered by the necessary cost of time, money and effort in properly setting yourself up independently.

Despite income claims made by home business opportunity companies, or competing businesses, you must be ready to accept the reality of not seeing personal income for several months – or even years.

Starting a self-employed business on the side, while keeping regular employment as your financial security, is a wise method of ensuring your income.

Another option is to have substantial savings that permit you the freedom to pursue your dreams unencumbered with other employment. However, the savings must also be capable of carrying the costs of developing a business along with providing for your material needs.

Discover How To Be A Millionaire

Do you also recognize the time that is required in starting your own business? In some ways it is almost unnecessary to bring up the point since your passion will likely drive you to spend many hours in your pursuits. If you have other obligations; family, job, social etc. then you will have to consider if you CAN devote the time needed to get your business off the ground.

Having discussed both money and time, you must recognize that there is much more effort extended BEFORE a business is profitable than at any other time in your business. Yes, once you are getting work and are satisfied with the income level you may be very busy indeed but you will then be compensated for it. When you are still cultivating your business – marketing, doing free jobs, searching for clients and customers – you may not be seeing any income, or a very meager one, which makes your EFFORTS seem immense.

“Perseverance is the hard work you do after you get tired of doing the hard work you already did.”
Newt Gingrich

Do not falter! If you come to the point when you are working your hardest and doing everything your business requires but still not seeing monetary results, you may hit a psychological wall. This is where truly entrepreneurial individuals see an obstacle to overcome as opposed to a dead-end to their hard work. Passion for their work and the strong desire to work for themselves overcomes any perceived barriers and moves them to keep going and ultimately becoming very successful.

By persevering you will certainly see the fine fruits of your labors and prove to yourself and others that the benefits of self-employment far outweigh the mediocre status quo of the typical worker’s daily grind.

Thanks for reading!

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