There are many things to be said about
Selection of a
You need to plan your business properly from the first step onwards. Think of a backup plan and always in case you face a failure. Execute your plan strategically. Make your position stable always. Even if you face initial hindrances, your strong will can always bring you forward.
Learn how to think out-of-the-box. Entrepreneurship is a challenge and a race. Think of fair shortcuts which will help you win easily and will give good benefits for you. Never lose the spirit.
The biggest advantage of a
Years ago we were designing a house for new clients. The process was going poorly. Our clients wanted to build at a beautiful spot on top of a hill. We proposed to site the house beside the hilltop, so that the lovely area on top, capped with a huge glacial rock formation with a view, would be preserved. They did not share our perspective. They could not believe, even after we presented convincing photographic evidence, that there was a design solution that would, at once, preserve the cherished hilltop landscape and secure the view they desired. I wondered whether we should end the engagement. Given such a fundamental design disagreement and lack of trust so early in the process, it was doubtful the process would go well. On the other hand, this was a big project, and we were counting on it to provide a significant chunk of our workload for the following year to keep our growing workforce busy.
I brought my partners to the site. We sat on the big rock and considered the problem. They shared my view that our design solution combined responsible use of a beautiful site and sensitivity to our clients’ needs. We understood that if we withdrew from the project at such a late date, we might not be able to replace the work quickly enough and might run short of work sometime the next year.
We mused a bit. The silence was broken by my oldest partner, who speaks bluntly.
“Let’s shitcan it,” he said.
The next day I met with our clients and said, “You know, this isn’t working the way we anticipated. Before we dig the hole deeper, let’s just call it quits.” They were surprised, but after some discussion we agreed that it would be better to part company.
As it turned out, we were lucky, and another opportunity quickly filled the gap. We learned to trust our intuition when it told us not to risk the quality of our work in favor of security and
Until that time we had responded directly to demand. When work was offered, we accepted it, and when the volume of work required expanded capacity, we grew. This was standard operating procedure and we had no reason to question it. It was thrilling to have the opportunity. But this incident helped us contemplate the effects of
It may seem odd for a company with thirty employees to have a self-conscious concern about
I do not know, from experience, what it would be like if our company were several times–or many times–larger than it is, so it’s hard to talk with certainty about the value of smallness. But I have suspicions. I suspect that we could not retain many of the qualities we value if we were significantly larger. Many ecologists and a few intrepid economists question whether the planet can sustain a global economy that enjoys perpetual
Not that we don’t favor some kinds of expansion–we do. But we do not embrace unrestrained
If we apply Daly’s insight to our companies and look at the implications of
One of the few proponents I have found for limiting
The apparent lack of questioning about the nature and benefits of
Wherever I go these days I run into founders who say that getting big fast is not a part of their business plan. They care about financial performance, but they’re equally devoted to building a company that promotes personal and professional development, that fosters close relationships with their community, and that gives them pride and satisfaction they haven’t been able to find elsewhere. . . . What they lack is business legitimacy. There’s absolutely no reinforcement for such thinking in the mainstream culture, and precious few role models for founders who choose such a path.
There is intense debate within the movement for socially responsible
Faced with such issues, some companies have taken a different approach. Seventh Generation, the Vermont purveyor of environmentally friendly household products, went public in 1993 but saw where that path was leading and was in a position six years later to begin to buy back its stock. The company returned to private ownership and is now charting its own destiny. Patagonia, a pathbreaking environmentally and socially responsible company, has always been privately and very closely held, so when they decided to make a costly shift to organic cotton to satisfy their mission, they were free to take the plunge.
There are no outside investors and no non-employee board members at South Mountain. Each owner is an employee. We decide what kind of business ours will be. The decisions are partly economic and partly philosophical, and the people making them have well-aligned interests. Our considerations have led us to believe that if our
I am not suggesting that every workplace should be modest in scale. An unquestioning attachment to smallness seems as careless as an equivalent affinity for unconsidered expansion. In our case we believe that excessive
Some say that to argue about
Nature has many inherent limits that identify optimal size for different organisms, and we may be better off if we do the same in our organizations and businesses. As business ecologist Paul Hawken once remarked, “Do you want to be a mushroom or an oak tree? Spores beat out acorns every time in
Why do most businesses want to grow? Sometimes there are legitimate reasons that make it necessary in order for a business to survive. Chroma Technology Corp., an employee-owned company in Vermont that manufactures and supplies specialized optical filters for microscopes, must respond to the industry it serves. As the microscope manufacturers grow, they demand more filters. If Chroma can’t supply them, they will lose their accounts. Their position in the supply chain requires
The Weaver Street Market, located in suburban Washington, D.C., had no intention of expanding, but a large development that combined residential, commercial, and retail uses was completed nearby and its residents wanted a market. They tried to get a major chain to open a store in their area, but none was interested. So the neighborhood asked Weaver Street to open a second market, and six hundred subscribers signed up to finance the start-up. The residents of the community put their money where their mouth was. How could Weaver Street refuse to offer the service?
More often, however, it seems that the pursuit of happiness has become, for many, synonymous with the accumulation of wealth and power. Maybe it’s just because we’ve been led to believe that we’re supposed to grow, supposed to win in the competition of the survival of the fittest.
Our inquiry need not be about
Charles Handy thinks broadly about expansion. He believes that
Once big enough [businesses] can grow better, not bigger. It is a formula which Germany’s mittelstander (small family firms) have tried and tested to great advantage, content to corner and dominate one small niche market, through constant improvement and innovation. Rich enough, and big enough, they concentrate on the pursuit of excellence, for its own sake as much as anything.7
Rule of 150
When organizations become large, there is often the concurrent inclination to make small units within the larger structure to maintain qualities like conviviality, effective communication, and flexibility. Malcolm Gladwell’s The Tipping Point explores how little changes can have big effects and turn ideas, products, messages, and behaviors into major trends. In the book Gladwell writes about the theories of anthropologist Robin Dunbar, who, in the interest of learning about optimal size, has studied how groups of varying numbers work. A striking collection of examples supports his conclusion that there is a Rule of 150, which says that 150 is the maximum number of people who can share a social relationship with each other. Therefore, organizations work best if they remain within that rough limit.
The number reveals itself in a variety of interesting settings. Dunbar looked at twenty-one different hunter-gatherer societies around the world and found that the average number of people in each village was right around 150. The pattern holds true for military organizations, whose planners have a rule of thumb for the size of a functional fighting unit: 150 to 200 soldiers. Reduced hierarchy, fewer rules, and fewer formalities are required for the group to function as a team if it remains at that size. Group behavior operates on the basis of personal loyalties and relationships in a way that is impossible with larger groups.
I cannot envision our company with 150 or more people. I can almost imagine it with fifty, or maybe sixty. Even now I don’t always remember the names of all the kids of my workmates. Since many people are scattered at different job sites, I may not see someone for weeks. Occasionally it takes months or years to have follow-up conversations to the mutually probing exchanges we had around the time of a person’s hiring. I wish I knew everyone better. I wish I made more time to catch up on people’s lives, and shared more of mine. I wish there were more chances to explore the intricacies–the hips and valleys, the copes and scribes, the successes and failures–of the projects they’re doing.
The pursuit of concentrated power and wealth may be like chasing a porcupine–if you’re not careful, you just might catch it. I’ve come to believe that there are optimal scales for different
There’s a story about a fisherman who was sitting on the beach with his wife one afternoon enjoying the surf and the sun. He had enjoyed a big catch that morning, so he came in for the day. A wealthy businessman heard about his success and approached him.
“Why didn’t you keep fishing and bring in twice as much?” he asked.
“Why?” said the fisherman.
“Because you could make more money. Maybe buy another boat and hire some employees.”
“Why?” the fisherman asked again.
“You could keep growing, increase profits, and buy more boats. If you worked long and hard at it after some years you’d grow rich.”
“Why would I want to do that?”
“Because then you and your wife could retire and relax on the beach,” said the businessman.
“But that’s what I’m doing now.”
Working online at home has become increasingly popular in today’s world. With the internet enabling people to access information so quickly and easily, most people have used this technology to their advantage effectively. Many are now able to generate a steady flow of income every month doing internet
Do you know that you can actually get paid for filling out simple surveys? In fact, many companies today are willing to pay good money for every piece of completed survey you fill out. As companies providing products or services require information about people’s preferences and feedback towards what they are offering, your information would be a great help in allowing them to alter their product or management system to suit the current needs. This means that your honest opinions would be a reflection of what the mass public thinks about a product or service. Thus, by doing simple surveys in the comfort of your home, you will have the opportunity of earning good money if you are willing to put in the necessary effort and commit good time to your work.
Customer Service Operator
If you enjoy managing challenging customers or possess good communication skills, then working as a customer service operator is something that you might be interested in. All you need is a good internet connection and a well linked computer and you are on your way to becoming a customer service operator right in your own home. This job could either involve you answering customer queries regarding a product or service on behalf of the company, or providing technical assistance to customers facing problems with their purchases. In fact, it could be a combination of both. This job usually requires you to multi task and act quickly, so sharpen those skills and you will find that working as a customer service operator from home would be one of the most rewarding experiences you have had.
There is an increasing trend in affiliating marketing today, as most people have discovered the value behind affiliate marketing. In fact, if done properly and efficiently, one can actually generate thousands of dollars each month with little effort or work done. This job enables you to get paid a commission when you help others sell their products on your website. By joining affiliate programs, you will be tasked to help companies or individuals market and sell their products. In fact, there are many great tips available on the internet provided by successful affiliate marketers, teaching how one can increase traffic to their website using good search engine optimization techniques. By learning them, you will be able to know the tricks to getting people to your site and buying products that can generate a commission for you.
In one of my favorite all time business books, Corporate Canaries, the author Gary Sutton has one chapter entitled “You Can’t Outgrow Losses.” This chapter should be a must read for all
Today, all of these individuals may get a reprieve from a forthcoming piece of Federal legislation. Beginning in 2013, all businesses must not only report services using the 1099 form, but also purchases using the 1099 above $500 to a single vendor. This compliance requirement was bundled in the massive Health Care reform bill of which much was unread by those who voted to accept it. And may face repeal given the outrage by businesses who will be facing additional costs just to manage all the accounting and reporting.
The 1099 compliance is just one of many hidden costs of doing business. For example, the
Since many US businesses have less than 25 employees, sometimes they forget to determine the hidden costs of doing business. These costs range from the obvious one of telephone and Internet charges to the not so obvious ones such updating customer databases or tracking inventory or compliance costs. What happens is these business processes become like the chair that has sat in the corner for many years, never being moved because it was always there.
Years ago I read a story about a young woman who asked her mother why did they cut the ends off the roast. The mother responded because that is how your grandmother cooked the roast. To satisfy her curiosity, the daughter asked her grandmother why the ends of the roast were cut off. Grandmother quickly responded with “To fit into the only roasting pan I had at the time.”
Awareness, as with the granddaughter, is part of doing business and helps to find all those hidden costs. Then a continuous improvement plan can be implemented to maintain or better yet reduce those costs which are much like a dripping faucet draining those much desired profit dollars.
Business is much more than the ever present goal to increase sales. Both factors of the business formula revenue less costs equal profits must be continually examined. By knowing the hidden costs can help you truly Be the Red Jacket in the marketplace.
There are many self-proclaimed “gurus” out there that claim you do not need much money to start off your internet career. This often leads new marketers into believing they can make a fortune online with only a twenty dollar investment into an internet
Of course, there are the “rags to riches” stories to catch your eye, but I have found that the average successful online marketer started with a few thousand dollars to “play” with. Comparatively speaking, this is a very low amount to invest in your business, whether it’s located online or in a more tangible brick and mortar building.
The average cost to start a brick and mortar business like a small espresso and coffee shop will cost in the upwards of $15,000 for the equipment alone. If you find the right online business you will spend anywhere from $800 to $2000.
Yes, you can make some money working 8 – 12 hours a day with a coffee shop but imagine making huge amounts of money 24 hours a day on autopilot.
You have probably heard the old cliché it takes money to make money. Well I have found in my experience that this statement can be both true and false in internet
Let me show you:
The only ways to invest in your business with Money and Time.
Here are a few ways to invest:
Your Money – Here dollars and cents is how you will build your business.
o Pay Per Click – Buying keywords that people searching the internet type in when they are looking for a solution to something. You can expect to pay anywhere from a few cents to $2 – $3+ a keyword. Depending on how you set up your campaign you can spend anywhere from $200.00 – $1000+/month.
o Banner Ads – Placing banner ads on web sites that already achieve high rankings in keyword categories that want to target. If a website owner has a good amount of traffic they may charge you anywhere from $150 to $500/mo to place an ad on their site.
o Print Ads – Purchase display ads in magazines and newspapers that target readers in your market. Good sales copy is a must. It is hard to say exactly how much this will cost due to a number of variables. Variables such as the size of ads, circulation, color and location to name a few…
o Classified Ads Under Your Chosen Business Category- Very effective for targeting people who are actively looking for solutions. You can buy classified advertising in bulk through services like nationwide newspapers – or you can buy individual papers on a city by city basis. I recommend purchasing in weekly classifieds rather than daily, you will get longer ad placement for your dollars. Most classifieds charge by number of lines in your ad. A decent range is $2.00 – $5.00/ line.
o Buy Leads – Buy names, phone numbers, and email addresses of people who want to find know about your product or service. There are all sorts of leads to choose from varying from ‘real time’ to aged leads. Results depend on the quality of the lead and your ability to sound like a real person. Depending on the service you can pay anywhere from $100 for 1000 to $30 for 100 leads.
o Direct Mail – Works well but can be expensive. You can obtain leads and use direct mail as a follow up. Your production and sales copy is critical. With companies like Adswift you can print and mail postcards for as little as .49/card. To get response from a customer it may take at least 5 – 7 contacts by direct mail.
o Billboards – If you have the money and want a person’ undivided attention as they drive to their jobs every morning (and then return every afternoon) you might consider a billboard. Typically, some markets can get you a large billboard on a major artery for $1,000 for 30 days. Rates depend on market size and traffic.
o Radio Advertising – Buy radio spots and have them professionally voiced. It is cheaper to buy times late at night, but buying a ‘day’ package that gives you a bit of every listening period can be good too.
o Cable TV advertising On Listings Channel – Like the radio spots, but this time with TV. You can expect to pay a little more for the commercial you produce, but the cost per spot is typically quite reasonable if you advertise in something like the TV listings that scroll up and down the page.
Your Time – Trading your dollar to invest for time
o Press Releases – You can do unlimited press releases online. Prior to the release of your product or service you can submit a release to several sites getting the buzz out. 2-3 hours
o Blogs – Blogs are frequently updated ‘web journals’ that are maintained by people who specialize in something. Blogs talk about and openly discuss specialized themes like making money online – or stay at home moms online. 1-2 hours
o Article Marketing – In its simplest form, this is advertising where you can write short, unique, relevant articles related to whatever you want to talk about: making money online, how to make money online, the 7 dangers of marketing online, etc. 30mins – 1 hour.
o Forums – On line forums are basically online discussion groups or chat rooms or bulletin boards that have a following with various people. Forums can be a great way to brand yourself as an expert in a subject, or build credibility with people who frequent a particular forum.. The key to success is making a great contribution and building online relationships with the other people who are part of the forum that you join. Takes some time – but can be well worth it 1 – 2 hours
o Video Marketing – Marketing yourself online with video. Have you heard of YouTube? Enough said. 2 – 3 hours
o Free Online Classifieds – There are a ton of free online classified areas on the internet. Typically, you get what you pay for. You have to post in a lot of them to get any kind of result. 2-3 hours
o Craig’s List – Craig’s list is a network of online urban communities featuring free online classified advertisement in a endless number of areas including jobs offers and biz ops. There are classifieds from several hundred cities on Craig’s List worldwide. It has been said that they get about 9 billion page views each month – and about 25 million Americans use it each month. You can target by area or by city. 2 – 3 hours.
o Squidoo – Squidoo is kind of like a wiki, only when you create a page (called a lens) you are the only one who can edit it.Then you split the profits from the money made by that page . You can use it to create almost any kind of page. 1 – 2 hours
Whether you are looking to propel you
1. Cross-over into new markets.
As a savvy business owner you may have already identified your ideal client and have built a following within your chose market. Once you have established yourself in your niche it is critical to continued success to find other prospects in cross-over markets. This doesn’t mean “sell to the masses.” Instead you must look for other sub-markets in larger markets that mirror your chosen niche.
As an example, say you currently offer specialized scheduling software to warehousing clients for managing incoming over the road shipments. What other markets would benefit from your product or service? How about cattle ranchers selling and buying cattle in large quantities and from many different organizations? What about an auctioneer looking to manage inventories from estate and bank sales? You get the idea, brainstorm other markets that would benefit from the core value your product or service delivers. You may have to tweak for some minor nuances but there should still be consistency within your core product or service offering.
2. Introduce an upgraded “new and improved” version of a previously successful offering.
Don’t reinvent yourself completely when often a simple make-over will do. As your product or service finds a home with a growing number of clients, look for ways to make it better and deliver continued value. Often times the investment in the product innovations won’t be nearly as costly as the original R&D associated with the first product offering. This will offer you the ability to market new features, enhancements, and benefits to existing clients while offering them an upgrade at a reduced price. Given you have less of an investment in the newer version it becomes a win – win for both. You are able to offer continued value at a reduced price to existing clients.
3. Seek out joint-venture marketing opportunities.
Look for strategic alliances among businesses that offer products or services to your target market. For instance, if you own the market for high-end salon services in your geographic region, look for other partners who service the same niche. An example may include the upscale florist down the road. Joint venture with them and share marketing efforts between the organizations as you are sure to service clients exclusive to each other yet interested in similar services.
4. Partner with your competition.
Though this sounds counter-productive, partnering with your largest competitor can often be a win-win proposition for both. In spite of your similarities there are often key differences that set you apart from your key competitor. Look for off-setting and complementing competencies and work out a solid agreement benefiting both parties in a cross marketing strategy. Obviously there has to be an equal benefit to both parties, but if researched and handled correctly the benefits can be huge for both parties involved.
5. Invest in productivity.
As your business builds momentum look to capitalize on improving on your current production and operations. It is easy to get complacent with current processes when things are going smoothly, but often times investments in capital improvements will yield higher margins and increased profits. Don’t lose out on internal profit opportunities just because things are going well. Many business will wait until the markets begin to recede before looking for ways to improve efficiency and cut costs. Be proactive and manage your business during boom times as if it were a bust and your profitability and momentum will drastically improve.
New technologies and tools have opened up worlds of opportunity that make it easier and cheaper than ever before to start a
- Taking paid surveys.
- Getting paid to watch movie trailers.
- Selling products as an affiliate.
- Selling products on eBay.
In fact now days you are not restricted to only one form of making money online, the more income streams a person has, the more successful you will be.
What Tools are required
Any lap- top or home computer, it does not even have to be a top of the range model either.
An Internet connection, preferable with broadband, but dial up will work as well.
You can start Making Money Online with as little $50 a month.
The following steps are what is required if you are willing to start your own best
- Choose a suitable domain name.
- Set up a hosting account.
- Design your web site or get a ready made Web Site.
- Put it all online.
- Optimise and test your web site.
What happens if you cannot afford $50
Well that is not a problem either, because this must be the only business in the world where its possible to start your own
- Start selling on eBay
- Start a Blog.
- Have a Squidoo Lens
- Have a HubPage
What happens if you don’t have anything to sell.
Well that is not a problem either, in-fact even if you don’t have a product, don’t have a website or domain name, you can still make money online with your best
This is achieved with Affiliate marketing, there is hundred of products to sell in thousands of different markets, just have a look at the following vendors;
- Commission Junction
As you can see, making money online with a
You can start up a
People all over the world are getting busier and with the pressure to hold down a job in the face of a recession, commuting through heavy traffic and the constant need to update work-related skills, many people just don’t have time for things like housework, shopping and cooking. So, if you like these jobs, you could be in business fast.
Of course, tasks like this will mean you have to run a local business, rather than an internet business. but you can still set up a website to advertise and perhaps you can provide tips to help people get better organized.
There are plenty of more enjoyable things which people will pay you to do for them. So don’t despair if you hate housework.
If you like kids, there are plenty of ways in which you can earn money. Many parents are extremely concerned about standards in schools and will gladly pay for someone to tutor their child in a subject in which they are falling behind.
And working parents need to know their kids are happy and safe after school and during holidays. So if you can organize an after school club or vacation activities you could do very well.
Unusual activities which keep children occupied and add enrichment to their lives will be particularly popular.
If you like animals, you could look after them when their owners are on holiday or walk dogs when owners are at work. If a pet is ill, the owner may need someone to keep an eye on it or take it to the vet.
And you could combine pet sitting with house sitting. Many security conscious individuals feel a lot happier if someone is living in their home when they are away and if they have pets, this is a good solution for them too.
With all jobs involving other people’s property and especially their children, you will need to check the local regulations before setting up a business. These will vary from place to place and different rules will apply when you look after children in your own home.
A new year means new money, especially for those who are seeking to earn an income online. This year promises to be very lucrative because the internet is expanding and offers us many avenues to make money. Here are just some work at
Other work at
In our recent downturn of the economy, people today are more open than ever to starting their own
Today there are more opportunities to create fortunes from home than ever before. If you are the type of person that watches mainstream news, then these news will shock you! Here are the top 3 best
Oh no he didn’t! Yes I did! Although telemarketers have a bad rep there are companies who are growing even stronger in this economy selling coaching programs. And we are talking $5K to $10k packages! I have a local friend who owns THE largest telemarketing floor in town. He currently employs over 200 people and some of them are making six figures a year. He even allows people to work from home if they are self motivators. The only thing you need is a phone with unlimited long distance, a script, a batch of leads and you’re in business! Do some research in your town, you may find a company who will do the same for you.
#2. Wheel And Deal On Craigslist.org
I know of many people who are making some real good money from home finding treasures on Craigslist. What they do is go to the “free” section and sort through things that are still in good shape. Then after they pick up the free stuff they clean it real good, then SELL it on Craiglist! I know to some it might be unethical, but hey it’s the American way right?
#3. Affiliate Marketing
Yes, we all have heard of affiliate marketing. We all have tried and failed. But you know what, affiliate marketing is hands down THE best way to make REAL money from home. You find products that interest you. You partner up with the company (most cases for free). You promote their products through different mediums, and collect a nice check for it! Yes you need to advertise. Yes it may take an investment to advertise. But there are numerous ways to advertise for FREE as well. Affiliate marketing has been, and will remain the best way to make a fortune. You don’t need products, you don’t need capital to start, and you don’t need any skill. All you need is motivation, and daily action. Most affiliate programs provide you with banners, sample ads, tools, and pretty much everything you need to start. Only thing they don’t provide you with is a computer, and anti-couch potato serum!
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