Small Business Ideas – Number One Key to Business Success

You don’t have to go far to find the most elemental, life changing truths. They abound in our work and all the functions of our lives everyday. In business, if you look hard enough, you will see that there are but a few basic key characteristics of success. They are so elemental it is easy to pass them over. Here you will find what I consider to be the number one ingredient of small business ideas, and the number one key to achieving profitable business.

In our culture, credentials and degrees command attention. People who have studied for years in a particular field and have years of successful experience to their credit are viewed with a sort of adoration, an awe-inspired idolization. This is not a bad thing. There is in fact a tremendous value, and advantage, to study and learning. But I would venture to say there is much, much more to success than degrees and qualifications, in any business or field of study.

Some of the most successful people in the history of the world have spent little to no time in college or graduate school. They didn’t achieve a high level in education and don’t have letters behind their name. Some didn’t even finish grade school. Not to mention board certifications, association statuses, etc.

What did they achieve? They achieved what most people would call success. And what is success? The answer to that question resides in the mind of the one who wants it. Success is different for everyone, but it generally can be evaluated in terms of money, achievement, contentment, and freedom.

Money brings freedom. Freedom brings contentment. Contentment is derived from achievement. Achievement brings money… The concepts of success (in terms of how most people view success) are intertwined and so connected that each is a derivative of, and cause of, the other.

So, of these people who have achieved such success, how did they do it? If it wasn’t superior knowledge or skill or gifting, what was it?

I believe the most fundamental, core element in any business, any field of study, and any pursuit among human beings is attitude. ATTITUDE IS THE FOUNDATION OF SUCCESS OF ANY KIND.

Attitude can take the most common and ordinary of people and catapult him or her into the stratosphere of prosperity. Attitude can take the most gifted and brilliant of people and cast him or her into the pit of failure. Attitude governs life.

But even beyond that general truth, attitude has some nuances about it. Success is not so simply achieved by merely having a good attitude. There are aspects within “attitude” which must be considered.

There appear to be at least two over all, encompassing attitudes that bring success to individuals. The first is a “giving” attitude. The second is a “taking” attitude. Both can bring tremendous riches. Both can lift one to the highest peaks of human achievement. But there is a significant difference between the two.

I have had the advantage of working with and knowing many high profile people over the years; some of these individuals are related to me. All of them are phenomenally successful. A few garnered multi millions in business; others achieved the epitome of adoration in their particular field of endeavor. But they weren’t born into riches and opportunity. In fact, most of them started out very poor, with drunks for fathers, dysfunctional families, racial barriers, and no special traits or skills that would give them advantage.

Each achieved their goals by a life-controlling attitude. The difference I saw between them was the type of attitude. One was a giving attitude, the other a taking attitude.

For those with the taking attitude, success was an inevitable result. These people took every opportunity, and I mean EVERY opportunity, to gain an advantage in their business or endeavor. And oftentimes this meant walking right over someone near to them that should have meant more to them. Taking time or money or opportunity from someone else so they could have the time or opportunity or money for themselves. This became a life pattern for these individuals, and after watching their lives and the results of those lives, I could see the fallout was not something to be desired.

Others achieved success by giving, and giving at every opportunity. The goal of these people was to create or organize or build something for the opportunity and benefit of others. And, in the process, these entrepreneurs were themselves “given” riches and opportunity and blessing. The true difference was found in the result of their lives. For having lived and worked, these people built the lives of other people, and the positive results span the globe, bringing opportunity and blessing for untold numbers of disadvantaged people.

To many, this approach may appear counter-intuitive, less than rational. But I contend that the way to riches and opportunity and blessing (and any other positive adjective you insert) is by developing and implementing a giving attitude. Of all small business ideas, this one truth will benefit the entrepreneur more than all else.

To have made a fortune in any business, or to have achieved the pinnacle of success in a certain skill or ability… but to horde the benefits to oneself alone… how meaningful is that? How can anyone say “I have been successful” when they have taken from others so that they might have themselves?

If success is to be realized, it must be realized by the results that it brings: contentment, satisfaction, and freedom. Wealth and notoriety alone NEVER constitute success.

In the final analysis, there is no true success when success is pursued by taking from other people. It may be found short term, but the transiency of success achieved by taking destroys the very meaning of success. Success is achieved, long term, by giving to others, and in that giving, gaining back a thousandfold to the giver.

“He who withholds grain, the people will curse him, but blessing will be on the head of him who sells it.” Proverb 11:26

How to Start a Small Business – Stop and Ask Yourself These 3 Questions First

How to start a small business is one of the most searched terms on the internet. With recession still very much in evidence and people being nervous about the future of the economy it on first sight looks like an option. First though you need to sit down and have a conversation with yourself about what it actually involves.

I know I started my own business a few years back and was in for a number of shocks. Including the fact that if you don’t work you will not get paid. No salary or pay check arrives through the door. So let’s consider 3 questions.

1. Do I want to have my own business or just make more money?

There is a lot of information on the internet about how to start a small business. Is that what you really want. If it is just extra cash there are lots of other things to consider first. Perhaps get rid of all your unwanted stuff on eBay. Don’t sneer it can actually result in a big injection of cash without the headache and worries of filing tax returns. You can also do it in your spare time. Getting more cash and income is one motivator for starting your own business. Though the reality is it will take some time to become profitable with the traditional model

2. What is your passion?

If you want to start your own business you will need lots of energy and enthusiasm to get you through. It is not all plain sailing so it has to be something that you enjoy. Believe me it is possible. I left a corporate life after 27 years and now earn an income doing many different things all that I enjoy. Sit down and make a list of your strength, ideas you have had and then start researching. Don’t do anything or make any rash decisions until you have done this.

3. How much Money do you have?

When you are thinking about how to start a small business, cash will come into the equation. The classic bricks and mortar business takes a large investment of cash up front followed by time to move into profit. The quickest way to get up and running is an online business. Relatively speaking it is inexpensive. If you are really motivated you can do a lot of the work yourself and there are literally hundreds of free tools on line. For the cost of a domain name and hosting you can be up and running.

Does it take work? Of course it does. Though the great thing is you can do it part time till it brings in enough income to sustain you and your family. Search online for some information and guidance from a reputable source and you will save yourself hours of pain. Take action and you will be surprised how quickly it will come together.

Best Small Business Tips and Ideas

Deciding to start a business can be one of the most exhilarating decisions you make in your life. We are living in a world wherever everyone wants to make extra money and add to his income. Most people have achieved this by acquiring great business ideas. When one starts up a company, he must be ready to meet competition. It is important to note that you would not need to become rich or popular to succeed in business but have to think smartly. But there are a lot of moving parts and many different elements to consider.

10 basic tips essential to start a business successfully.

Tip 1: Get inspired and Love your idea

Every business begins with an idea you may have imagined of opening your own business for years, or motivation may have hit you suddenly. Nevertheless of the source, the first step of starting your own business is coming up with a business idea. And as important as your idea, you must in love with the idea.

Tip 2: Do Your Research / learn everything about the business

You’ve recognized your big idea, now it’s time to balance it with the reality. Are you truly ready to start a business? Answer the questions below and see what you need to prepare yourself for business. For a small business succeed it must fulfill a need, solve a problem or offer something the market wants.

You can identify this need in many ways by doing research, focus groups, and even trial and error.

As you search the market, some of the questions can be:

• Is there a need for your anticipated services or products?
• Who needs it? (Target Costumers)
• Are there other companies offering similar services or products right now?
• How is the competition?
• Can or how will your business fit into the market?

Tip 3: Make a Business Plan

You need a business plan in order to make your business idea a reality. If you expect to seek monetary support from an investor or financial organization, a formal written business plan is a must.

Even if you don’t need monetary support, a simple business plan can give you precision about what you hope to accomplish and how you plan to do it.

In overall, your business plan should summary your business goals and the inspiration behind them, as well as your plan for realization of your goals in terms of marketing and funding.

Tip 4: Planning Finances

Opening a small business doesn’t have to involve a lot of money, but it will involve some investment.

There are a number of methods you can fund your small business:

• With Small business grants
• By Financing
• With Small business loans
• Or Angel investors

You can also attempt to get your business off the ground by bootstrapping, using as little capital as necessary to start your business.

Tip 5: Business Structure

Your small business can be an individual ownership, a partnership, a limited liability company (LLC) or a corporation. The business structure you might choose will impact in many factors from your business name, to liability, and how you file your taxes.

You can choose an initial business structure, and with time re-evaluate and change your structure as your business grows and needs to be changed.

Tip 6: The Business Name

The name you choose plays a role in almost every aspect of your business, so you want it to be a good one. Make sure you think through all of the possible consequences as you explore your options and select your business name.

Once you have selected a name, there is the need to check if it’s trademarked, currently in use and if stills free you will need to register it. A individual proprietor must register their business name with either their state or county clerk. Corporations, LLC, or limited corporations usually register their business name when the creation paperwork is filed.

These days you need to have a website, so please don’t forget to register your domain name once you have selected your business name. The best domains and more valuable online are the ones ending with .com.

Tip 7: Licenses and Permits

There are a range of small business licenses and permits that may apply to your situation, depending on the type of business you are starting and where you are placed. You will need to inquiry what licenses and permits apply to your business during the initial process.

Tip 8: The Business Location

Setting up your place to work is essential for the operation of your business, whether you will have a home office, a shared or private office space, or a retail location. You will need to reflect about your place, equipment, and overall setup, and make sure your business place works for the kind of business you will be doing.

Tip 9: Accounting System

One of the most essential systems for a small business is an accounting system. Your accounting system is essential in order to build and manage your budget, set your charges, conduct business with others, and file your taxes. You can set up your accounting system by your own, or hire an accountant to take away some of the work.

Tip 10: Promote Your Small Business

As soon your business is up and running, you need to start attracting customers. You’ll want to initiate with the essentials by writing a single selling offer and building a marketing plan. Explore as many small business marketing ideas as you can so you to choose how to promote your business most successfully. Completed these business start-up actions, you will have all of the most important small business bases protected, and be prepared for small business success.

15 Business Ideas to Generate Extra Income

If you want or need to start a side job because you still need to wait a little bit longer to start your own business, here are 15 suggestions for you.

1. Make money Blogging

If you enjoy writing, find a theme you’re passionate about and start a blog dedicated to covering that theme and anything else interesting you enjoy to talk about. All you need is a laptop, some time, and inspiration to consistently write. It can start as a hobby and turn into a business over time. Creating a blog is free, but if you want to look professional it can cost less than $ 12 per month.

2. Buying or selling on eBay

Thanks to internet there are more opportunities to make money than ever to buy and resell products for extra money. There are lots of people buy at a discount and resell them on eBay for profit.

3. Freelance writing

If you’re great with words, you might be capable to find some work as an online freelancer. A variety of publications need online content in the form of product, stories, service descriptions, and reports, and if you have the talent and ability, you could easily be the one to create them. Luckily, all you need is a computer and Internet connection to get started. You can start here freelancer.com

4. Social media expert

Now a day almost everyone uses Facebook, Twitter, and Pinterest, but did you know that many companies are willing to compensate people to support them managing their social media accounts and sometimes you can do it part-time from home. If this appeals you, to find social media jobs you can start by writing companies with a social media presence and visiting sites like Elance.com for opportunities.

5. Proofreading and editing

Do you have strong English skills and outstanding grammar? You may have chances to work as a proof-reader from home. Marketing for this can be hard; seek out those who might actually be able to use your services and advertise directly to them.

6. Virtual assistant

Many companies and individual professionals like having someone who can check and answer their email, organize task lists for them, someone who can update their calendars, and perform other administrative tasks, with minimal communication. The best of being a virtual assistant is that you can offer this service from home with a good Internet connection.

7. Website design

If you know a little bit about web design you can approach small businesses in your community, as they could use a very basic web presence to tell others about their business. These businesses usually don’t have a large budget for websites and create a great yet simple website is for you, get a bunch of clients from your local community, create sites for them, and maintains them for a small fee. You can easily get enough businesses to have a nice side business of your own with a low investment.

8. Affiliate marketing

Certain types of online businesses will pay you to promote their products and encourage sales. If you’re interested in learning more, check out affiliate marketing programs such as Click-bank, Commission Junction, and these websites are trustworthy and you can earn money by posting their products in your blog, website or Facebook. The secret of online business is all knowing targeting the right public and marketing efficiently. It can be overwhelming with all the information available online as more than 50% of the information is just a waste of time.

9. Become a business or life coach

If you are a good speaker and passionate about the business world and able to inspire and encourage others in a unique way, you could marketing your services as a business or even a life coach. Take your passion and expertise to the next level giving advice and suggest actionable steps people can take to progress their professional and private lives.

10. Start a resume writing service

If you’re excellent at writing remarkable resumes that in the end result in people getting the job, contemplate advertising those services. Most of your work will spin around writing, editing, designing, and proofreading, so you will only need few supplies outside of your computer and basic software to get started.

11. App Developer

Web app development is the creation of application programs that reside on remote servers and are delivered to the user’s device over the Internet. Now a day you can do apps with software’s you don’t really need to be a weirdo to do it, you can be an app developer for Facebook for instance and of course you can do it part-time and home based.

12. Business Consultant

If you are high organized and skilled being a good problem solver this job is for you. Companies bring Business Consultant to identify their problems, provide solutions and optimize companies. The only investments are your skills.

13. Data Entry Service

Many companies and online businesses require some type of manual information tracking, creating a vast amount of data entry work. Although there are many work-at-home scams related with data entry work, there are a lot of genuine chances available for genuine data entry businesses. If you are an excellent typist with an eye for detail, a data entry business is a great idea for you.

14. Freelance Writer

If you have the skill to write and inform people in a certain area, you can write small books or guides and sell them online, the biggest books platform is Amazon.com, where you can display your books for free and when they are sold, you will receive a percentage from the selling. Payments are made every month depending on your sales. Investment is only your time to write and imagination.

15. Internet Researcher

The Internet provides a vast amount of information. If you can quickly and efficiently navigate through that wealth of information, and essentially find a needle in a haystack, you can create a very successful business as an Internet researcher. Search for this kind of job online or about a company which is looking for this of service.

I give you only a glimpse what you could do, and these are just a few ideas, but many ideas were left behind.

First of all I advise you to think what you like to do as a hobby or in your free time, why don’t you make profit from what you are doing already?

You have the world as your disposal, but for a business to work out the first thing from all things is, it doesn’t matter what you intent to do, but you have to love it. If you love what you do it doesn’t feel like a job, you will be doing it with joy and this way you will be successful.

There are some side business opportunities that have grown more common in the past few years. And thanks to internet you have much more opportunities, ideas and help to develop your business.

Is Outsourcing The Right Strategy For Small Businesses During Slow Economy?

“When things get tough the tough gets going.” Here the latter word “tough” implies people who equip themselves with the best practices and some added innovation to see through the rough, in this context, the slow economy. Let’s pick outsourcing, as a strategy to counter this rough time and understand whether it is a sensible move to make or not.

Two most important objectives

There are two most important things businesses must consider in this snail paced economy. One is to keep the operational cost minimal and enough, remember there is a thin line between minimal cost and acute cost; you should not squeeze down to a situation where you literally stop spending and as a result lose business. Second, run your business in full throttle rather than being speculative, i.e., try to identify and latch on to every single business opportunity that even remotely comes your way. If you are dead serious about these two objectives then sailing through will be a walk in the park.

Cutback options

You can indulge in many things to chop off that excess operational cost, like cut down on staff, move into smaller office space, avoid fixed and long term investments and of course outsource your non-core business activities, which otherwise needs to be handled by your in-house staff.

Assessing outsourcing as an option (cutbacks)

While all the cost cutting activities undoubtedly reduce cost, outsourcing your non-core activities gives you the double benefit of cost cutting as well as the time, focus and energy to concentrate on your most important money making activities. It not only makes you stay focused on your primary business but also adds more professionalism to your non-core activities, which ultimately will rub on to your core business and brings about an overall air of enthusiasm and growth orientation.

New business identifying options

Coming to the second aspect of hunting down every single business opportunity, requires you to be dead focused and all ears to site them as and when they creep up. Now if you sit down to chalk out plans to get this designed and executed you may end up with a probable list of activities like:

No un-required deviations, no non-productive communications, 100% focus on product or service development or customization, quality business time with full focus and energy, hiring additional staff to manage back office tasks, telemarketing, online/offline marketing efforts and so on, the list may even get bigger.

Now if you prune down these, you may probably end up with; one: focus on product/service development/customization and second: marketing.

Assessing outsourcing as an option (business identification)

As things are clearer now, you can go ahead with hiring additional marketing teams at the cost of regular employee benefits, training and managerial challenges or completely outsource these to virtual assistants who will not only manage your marketing efforts but will also take care of your additional and increasing back-office work at competitive costs. The option of outsourcing also helps you stay closer with like minded and growth oriented people, in identifying new business opportunities.

Other crucial benefits

Another important benefit that outsourcing brings is the experience of being collaborative and associative. This teaches small businesses the need and also the right approach for partnering with productive associates and other growth oriented businesses especially in this dry economy. These virtual assistants also give you a feeling of extendedness, which can make you feel real positive and upbeat in these trying times.