How to start your own small business - first you need to answer some key questions
What are the fundamental questions you must answer to go into business for yourself? I do not mean questions about opening a bank account, tax matters, and other legalities. These are mere formalities.
Every day more and more people are thinking about going into business for themselves. I will pose some key questions for you to answer in connection with how to start your own small business. I will also provide sources of information that will help you to answer these questions.
There may never be more important questions for you to answer than:
Should you start your own small business?
How to start your own small business?
Your answers will affect the rest of your life.
Every day more and more people are thinking about going into business for themselves. I will pose some key questions for you to answer in connection with how to start your own small business. I will also provide sources of information that will help you to answer these questions.
There may never be more important questions for you to answer than:
Should you start your own small business?
How to start your own small business?
Your answers will affect the rest of your life.
What does he know?
I am a member of the Institute for Business Technology.
We are management consultants, executive coaches, facilitators and trainers.
We have been working with large, medium and small companies for the past 20 years.
My work keeps me in touch with business trends and developments as well as attitudes of employers and employees.
I have been an executive coach and a life coach for more than 20 years.
I have coached thousands of managers in that time.
As such I am very aware of the pressures and stresses that managers face from their jobs.
I am also aware of the tribulations they face when trying to balance the need for income to support the family now with the desire to create a better quality of life, and financial stability, for themselves and their families in the future.
I know the points you need to consider if you want help with how to start your own small business.
We are management consultants, executive coaches, facilitators and trainers.
We have been working with large, medium and small companies for the past 20 years.
My work keeps me in touch with business trends and developments as well as attitudes of employers and employees.
I have been an executive coach and a life coach for more than 20 years.
I have coached thousands of managers in that time.
As such I am very aware of the pressures and stresses that managers face from their jobs.
I am also aware of the tribulations they face when trying to balance the need for income to support the family now with the desire to create a better quality of life, and financial stability, for themselves and their families in the future.
I know the points you need to consider if you want help with how to start your own small business.
"The nature of work is changing. Jobs, as we have known them, will continue to disappear."
How to start your own small business - why you should be thinking about this now
Do you worry about losing your job?Do you lay awake at night worrying about how you will make money to support your family if you lose your job?
You are very right to be concerned about loss of your job and how you will support your family, if that happens.
An increasing number of people have lost their jobs in each of the last few months.
Those who remain in their jobs are rightfully worried about losing their jobs because job losses are predicted to rise over the next year.
At this very moment, hundreds of thousands of people are worried about losing their jobs and the financial consequences of such.
Is this just a sign of the difficult economic time we are facing now?
Will the job situation return to the way it was before this recession?
I think not.
In 1994 a top management consultant published a landmark book entitled "Jobshift: How To Prosper In A Workplace". The author is William Bridges. He had been a college professor prior to becoming a management consultant
In his book, Bridges explained that the concept of a job is a relatively new concept in the history of man.
Prior to 200 years ago, the concept of a job did not exist. People did many different tasks to earn money.
It was only with the advent of the industrial revolution, that the concept of a job emerged. People were needed to perform fixed functions in a manufacturing assembly line. Following that came office jobs and management jobs to support and oversee the work on the assembly line.
Bridges argues that with the end of the industrial revolution era will come the end of jobs as we know them. We will go back to doing different roles to earn money.
In short, this means you will need to start your own small business when the industrial era comes to an end.
However the industrial era is over; we are now in the knowledge era.
Over the last 15 years, we have seen companies eliminate many of their support function jobs in HR, IT, Accounts, Travel Arrangements etc in favor of contracting with providers of these services on an outsourcing basis.
The US Department of Labor predicts that today's students will have held 14 jobs by the age of 38.
You decide for yourself if Bridge's predictions have been accurate thusfar.
I certainly think that the jobshift he wrote about has been occurring.
If you agree, you need to act now and go into business for yourself to:
- eliminate your worry over job insecurity now and in the future, and
- create financial stability for you and yours in the future.
What are your thoughts about the future of jobs?
Like this group? Want to share your feedback, or just give a thumbs up? Be the first to submit a blurb!
What are the different types of businesses that you could start
Broadly speaking, there are 3 types of businesses
1. A purely internet based business (all business is transacted on line)
2. A "face to face" business (ie- a restaurant , supermarket or car repair
business)
3. A business that conducts business "face to face" as well as on line (ie - travel,
entertainment, toys, etc).
My recommendation to you is to consider starting an internet based business for the following reasons:
-it can cost no or little money to begin such a business.
-it offers you the opportunity to start earning much sooner than a "face to face"
business.
-it offers you the flexibility to work where you want, when you want and how many
hours you want to work.
-It offers you the biggest long term upside. The volume of business conducted on
the internet has been growing by leaps and bounds for each of the past 5
years. It is predicted that this growth will continue indefinitely. In the last year,
amidst our current recession, global internet business has grown by more than
10%.
You do not need to be technological expert to start and run a successful internet based business. All you need is the basic technological skill sets that you most likely already possess from the work that you have done since entering the job market.
1. A purely internet based business (all business is transacted on line)
2. A "face to face" business (ie- a restaurant , supermarket or car repair
business)
3. A business that conducts business "face to face" as well as on line (ie - travel,
entertainment, toys, etc).
My recommendation to you is to consider starting an internet based business for the following reasons:
-it can cost no or little money to begin such a business.
-it offers you the opportunity to start earning much sooner than a "face to face"
business.
-it offers you the flexibility to work where you want, when you want and how many
hours you want to work.
-It offers you the biggest long term upside. The volume of business conducted on
the internet has been growing by leaps and bounds for each of the past 5
years. It is predicted that this growth will continue indefinitely. In the last year,
amidst our current recession, global internet business has grown by more than
10%.
You do not need to be technological expert to start and run a successful internet based business. All you need is the basic technological skill sets that you most likely already possess from the work that you have done since entering the job market.
How do I choose a specific business to start?
Here are some key questions to answer when choosing a particular business to start.1. Would I enjoy this business? Am I interested in the subject matter of this
business?
2. How much capital will I need to start my business?
3. How long will it take for me to begin earning money from the business?
4. How long will it take for the business to support me at my current standard of
living?
5. Does this business have the potential to provide me with the quality of life
I aspire to within a time frame that is acceptable to me?
What specific internet based businesses can you consider?
The number 1 thing is to choose a business that you will enjoy - something that you are really interested in.
Too many people spend their lives working at jobs that they dislike - if not hate. This is your opportunity to choose the work that you will do for the rest of your working life. Make it something that you will really enjoy - something that you really want to do.
I do not know what specific kind of work would be best for you.
It could be on line retailing of a product you love and think is valuable.
It could be publishing - writing articles for magazines and ezines.
For some it may be a business related to stocks and shares. (Experts agree that this is a good time for this because many stock prices are currently depressed below their real value and their prices will begin to rise this year).
For others it could be commodity or Forex(currency) trading.
It could be buying and selling on E-bay.
It could be affiliate marketing.
It could be information marketing.
It could be technology related- building websites, SEO (website optimization), or providing domain names.
It could be advertizing - providing copy for on line and off line ads.
Any product or service that does not require a "face to face" relationship (like a restaurant) can become a business for you online.
Below, you will find some sites you can visit to obtain information about these various kinds of businesses.
How will I support myself (and my family) when I first start my business?
Did you know that you are eligible to receive a free government grant to start your own small business? Every American citizen is eligible - no matter your financial circumstances.
Did you know that every year 2 million Americans receive free business grants from the American government to start a business or grow their existing business?
Did you know that the American government gives away trillions of grant dollars to American citizens every year? (grants are not just provided to start a business. They are provided for education, building a home extension and many other things.)
Here is the best thing of all about starting your own business with a grant:
A grant is not a loan. It never has to be repaid!
Would you like to know how do you can get your share of this grant money? In the next section you will find a recommendation of a site that provides this information.
Too few American citizens know about the availabilty of free government grants. It is the best way that I know of to fund the start of your own business.
How to start your own small business - useful information
Sites that will provide you with information that will help you with your decsions about starting a business
- The Forgotten Laws
- The Forgotten Laws are about how to turn ideas into physical results.
It teaches people how to manage their thoughts ( and the way in which they think) in order to bring their ideas into actuality. - How to obtain a free federal grant
- Free federal grants are available for many purposes including starting a business.
- all American citizens are eligible to receive free government grants
- over $1,000,000,000,000 (1 Trillion) of grants is given away every year for
various purposes
- 2,000,000 entrepreneurs get money every year to start or expand a business
The information available from this site will:
1. make you aware of all the different things you could obtain a grant for
2. make you aware of all of the business grant programs
3. help you to choose the best program for you
4. help you to obtain a business grant - Million Dollar Publisher
- How To Build Your Own Publishing Business Using No Cost Or Low Cost Content And Start Receiving Your First Check In Under 3 Weeks
- Stock Assault - starting your own stock trading business
- Learn how Stock Assault 2.0 gives you dead-on stock picks to earn you thousands of dollars per month using an advanced artificial intelligence engine.
Stock Assault has been covered in the media by The Wall Street Journal, Bloomberg, Business Week, MSNBC, CNN and Newsweek. - Sale Hoo - starting your own retail business (online and/ or offline)
- Directory of more than 5,000 pre-screened suppliers
Suppliers for every type of product imaginable - from electronics, DVDs, lingerie and clothing right through to plumbing supplies, dehumidifiers and baby strollers.
Suppliers for top brand-name products: GUCCI, SONY, APPLE, D&G, PANASONIC, NIKE, PRADA, LACOSTE, HP and more!
- Will tell you what is selling now
- Which suppliers are offering the best deals - Auction Revolution - starting an eBay business
- In the Auction Revolution, you will not only learn the most effective ways to sell items on eBay, you will learn why. In fact, you will learn an entire system for maximizing your eBay profits.
- One Week Marketing Action Plan - starting a business as an affiliate marketer
- The best affiliate marketing site I have come across. It is perfect for the technologically challenged like me, because easy to understand technical support is available to lead you step by step through implementation of the concepts.
It is perfect for absolute beginners. - Paid Surveys - start a business providing customer research to Fortune 500 companies
- You can earn $3,000-$5,000 + per month doing surveys from home.
The CEOs of Nike, eBay, Amazon and Wal-mart are desperate to pay you for information you can provide to them from your home.
These million-dollar-a-year fat cats, know squat about their customers!
So they pay 'normal' people like you to tell them the word on the street. - Forex (currency) Trading - starting a Forex Business without knowing anything about it
- Technology that enables you to start, and be successful in, a Forex Trading business without knowing anything about it.
You can begin Forex Trading with as little as $50.
Here's my favorite link:
More info about how to start your own small business
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by Better-Your-Life-Guru
I have been a management consultant, executive coach, and life coach.
I am 66 years old. I have been happily married for 37 years. I have 3 adult... (more)
I am 66 years old. I have been happily married for 37 years. I have 3 adult... (more)
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