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How difficult is it to get funding for a big business idea?

Wednesday, August 5th, 2009

Mr. Main Event asked:

Two of my friends want to start an international company based in the USA which will require a couple of million dollars to start.

To give you a brief background about them, they’re both Ivy League graduates – very smart people. Both of them make nice six-figure salaries working for big organizations. However, they’ve never started a business before, never ran a multimillion dollar entity nor do they have a lot of business collateral. They haven’t done anything to start the business yet and have no track record of it being profitable (or successful). But, their business plan is rock solid and really good. They have already assembled a terrific team that will help them with their endeavor.

So, what do you think are their chances of receiving funds for their business idea?

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Tags: Background, Business Collateral, Business Idea, Business Plan, Dollar Entity, Endeavor, Friends, Ivy League, Lot, Main Event, Million Dollars, Multimillion Dollar, Six Figure Salaries, Start Business, Terrific Team
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Five Interesting Ways to Market Your Home Business

Wednesday, August 5th, 2009

Curt Miller asked:

When it comes to marketing your home business, you should definitely use the tried-and-true methods such as Internet advertising, newspaper advertising, yellow pages advertising and flyer advertising. However, there is absolutely no rule that says you can not utilize innovative and interesting marketing techniques to spread the word about what your home business has to offer. If you like the idea of marketing your home business using unique and interesting ideas, you will definitely want to read on.

Everyone Loves Candy

Personalized candy bar wrappers have become very popular ways of announcing marriages and births, why shouldn’t they be used to advertise a home business? Everyone loves getting candy. If you wrap Hershey bars with personalized candy bar wrappers that advertise your home business and hand them out in front of a mall or another high-traffic area, word about our home business will certainly get out. This is an especially good idea if your home business involves catering, gift basket creation or other food-related products or services.

Billboard Body Advertising

Using temporary body tattoos to advertise your home business may be a great way to get the word out. Some home business owners have experienced great marketing success by renting “body space” from people and then putting temporary tattoos on them and having the person sign a contract to display the tattoo in public for a certain number of hours each week. If you want some “shock value” advertising, having your home business web address tattooed on someone’s forehead is surefire way to get noticed.

Get Media Attention

One of the best advertising methods is media attention. While it is not always easy to get the media to do a story about your home business, it is indeed possible. The first thing you need to do is create a buzz about your home business. If the product or service your home business offers is newsworthy, that should not be hard to do. However, most home business owners need to rely on more creative measures to get the buzz going about their home business.

Some good ways to create a buzz about your home business include making a substantial gift to a charity, giving away a certain amount of the products or services offered by your home business, sponsoring a local contest or event, or holding a food drive for the homeless.

Once you have something newsworthy to report about your home business, you need to get it to the media so they can cover the story. To do this, you will need a press release. You can either write the press release for your home business yourself or you can hire a writer to write the release for you. Once the press release has been created, you just need to submit it to the different media outlets and then give interviews to the news people who contact you. Make sure you plug your home business each and every time you give an interview.

Sponsor a Local Little League Team

If you live in an area where local businesses sponsor little league teams, you may want to think about getting in on the action. Little league sponsorship is surprisingly affordable and the kids will be wearing uniforms displaying the name of your home business for an entire season. That is quite a bit of exposure.

Get Into the Movies

Getting movie theater advertising may be a lot easier and cheaper than you would think. In some areas, movie theaters rent out slide ad advertising. The theater rotates different slide ads for local businesses before the movie trailers and feature film begin. When people arrive early to a movie, they have nothing better to do than watch the ads rotating on the screen. If your ad is one of the ones they are looking at, it is going to draw a lot of attention for your home business.

While you may think this form of advertising would cost thousands, many movie theaters offer this type of advertising for well under $100 a month. If you think about how many people see movies each and every day, you begin to realize how much exposure this type of advertising can give you.

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Tags: Advertising Methods, Best Advertising, Business Web Address, Candy Bar Wrappers, Curt Miller, Great Marketing, Hershey Bars, Home Business Owners, Interesting Marketing, Marketing Techniques, Media Attention, Newspaper Advertising, Person Sign, Personalized Candy Bar, Personalized Candy Bar Wrappers, Shock Value, Temporary Tattoos, Traffic Area, True Methods, Yellow Pages Advertising
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Shall I, Or Shall I Not Go For A Home Business?

Sunday, July 26th, 2009

leonard manzie asked:

Shall I, Or Shall I Not Go For A Home Business?

By Leonard Manzie

That is a good question I asked myself every evening as I woke up and prepared to go for a night shift, leaving the comfort and company of my wife and kids.

I always dreamt and visualised the day when I would at last be my own boss. I had a very hard boss at a telecoms firm who would drive and push us like hired machines to meet ever changing targets.

It really drove me mad. Something in me would not give me rest. I contemplated the benefits of running my own business.

It was not easy though to think of leaving the job security and jump into self-employment, a thing which even my father never did.

I remembered the words from a book I read saying "..you cannot change anything you are not willing to confront, and you cannot leave where you are until you decide where you want to be.."[Dr Mike Murdock ]

Shall I, Or Shall I Not Go For A Home Business?

It was important to ask myself some very important questions before I made the decisive leap of faith into self-employment.

The benefits of having my own home business were vast, but it also meant a lot of sacrifices to realise my dreams.

I had to take some calculated risks and get into this thing with no eye infection. I asked myself some serious questions, and answered myself openly and honestly.

Shall I, Or Shall I Not Go For A Home Business?

I saw that if I were to make real change in my life I had to go for the home business, not to have a false sense of security, following the crowd and never getting into the driving seat of my financial future. I started to despise the little thank you tokens we received for meeting targets.

All night I would imagine having time for my wife and kids, but at the same time having more than enough in my house.

I imagined the freedom of being one’s own boss away from someone breathing behind you checking on what you are doing. I imagined working less but getting more and at my own timetable. I looked forward to a day I would be at peace working alone at top-notch efficiency all for myself.

Shall I, Or Shall I Not Go For A Home Business?

I realised that the self-motivation, which is the pin code for success was already in me. I would inspire other people to work even if they were least in the mood. I saw that I could drive myself to work without a supervisor and get things done. Achieving the goals and targets was my satisfaction.

I always kept my mind open to new things and ready to learn. I knew that as home business owner, I had to initially handle everything from management, production, quality control, delivery, customer service and so on, until I could employ someone.

Shall I, Or Shall I Not Go For A Home Business?

I was a key player in the company I was working for, and that company was making over half a million dollars every night through my hands. So if I could make someone prosperous, then surely I could prosper myself somehow in a home business.

Of course, I could not dive into home business without proper research and a road map as to what I wanted to do. I checked the internet for good opportunities. I got into forums, blogs, articles and other sites to make sure I would make an informed decision.

I did not leave my day job until when my home business was making me more money.

Shall I, Or Shall I Not Go For A Home Business?

There was no shortage of people who mocked and tried to pull me back. I motivated myself with stories of the great inventors, how they were ridiculed labelled insane when they were making ground-breaking discoveries.

I remained focused and my eyes really on the ball. I would see open doors where others were seeing locked and bolted doors. I decided not to rely on the sun for light, but some inner source of enlightenment.

Shall I, Or Shall I Not Go For A Home Business?

The rest is history. I am running a vibrant, home business. My Life has never been the same since I started my home business I have managed to acquire things I had never dreamt of, I have seen my children grow, assisted and really bonded with them. The wife has enjoyed years of rest at home.

Shall I, Or Shall I Not Go For A Home Business?

I am sure you want to know some of the things that I am doing. Yes visit;

http://www.myjewelsites.com/

http://www.PlugInProfitSite.com/main-26446

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Tags: Boss, Change In My Life, Dr Mike Murdock, Driving Seat, Eye Infection, False Sense Of Security, Financial Future, Good Question, Having Time, Home Business, Job Security, Leap Of Faith, My Wife And Kids, Nbsp, Night Shift, Own Business, Sacrifices, Self Employment, Sense Of Security, Tokens
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Pitfalls to Avoid With a Work at Home Business

Saturday, July 25th, 2009

Dominic Boykin asked:

You quit your day job and are ready to delve into an easy work at home business. It is a piece of cake to work at home and not have to deal with corporate rules or office politics, right? While working from home does give you a newfound sense of freedom and relieves you of problems associated with working for someone else, it too can be tricky. There are some pitfalls of owning your own business and working at home.

1. Poor budgeting skills. Budgeting for a home based business is difficult because there is no guarantee for income. You can’t pay bills and spend money from your business account hoping that next week or next months will bring in better results. Another common problem with budgeting is spending too much or not enough money on advertising. You have to strike a balance to get word out about your business and get more sales without breaking the bank.

2. Expecting overnight success. Some people are under the misconception that the minute their business goes live on the Internet that they will be swamped with business and the money will start flowing in immediately. Unfortunately, this is rarely the case. Work at home businesses take time to develop and grow. Steer clear of anyone who promises a get rich quick scheme or overnight success. These are just tactics to get you excited to sign up with them and make them more money.

3. Not researching enough. Some things need to be done before you can start a work at home business. Discovering your niche and finding out who your target audience is need top be researched. Knowing the demand for your product or services is also important. Strengthen your business from the get go by doing research in advance.

4. Poor choice of product. Choosing a product that is difficult to sell because there is no demand for it, a product that is of poor quality or one that makes very little profit can ruin a work at home business. The future of your business is dependant on your product and customer service. Your business will suffer if either of these is lacking.

5. Not having clearly set goals. Every business needs a game plan. You need a list of clear cut goals for your work at home business to map out your success. Winging it is not necessarily the best way to go as far as business practices.

6. Having trouble separating work and home life. It’s late, you need to put dinner on the table, get the kids to bed and finish the laundry. The only thing is you still have work to do. Finding balance between work and home life can be a challenge for work at home business owners.

7. Quitting your day job too soon. Quitting your day job before securing enough income from your home based business can prove to be a big mistake, especially if you depend on your job for health insurance, stock options, retirement benefits or other company perks.

The truth is that one third of small businesses fail within the first two years. You can avoid being a part of this statistic by being prepared and avoiding common pitfalls associated with work at home businesses.

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Tags: Boykin, Breaking The Bank, Business Account, Case Work, Day Job, Doing Research, Enough Money, Home 1, Misconception, Newfound Sense, Office Politics, Overnight Success, Owning Your Own Business, Piece Of Cake, Poor Choice, Target Audience, Work At Home Business, Work At Home Businesses, Working At Home, Working From Home
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Finding Legitimate Internet Home Business Opportunities

Friday, July 24th, 2009

Trent Brownrigg asked:

There’s an abundance of home business opportunities on the internet for you to choose from. The problem is knowing which internet home business opportunities are legitimate, which ones are borderline, and which ones are outright scams. So, how do you know? That is what I am going to answer in this article.

One thing you can do is go to some of the top home business websites on the internet and see what opportunities they are recommending. Be careful when doing this though because most of them are promoting these internet home businesses as affiliates, so their opinions can be very biased. However, if there’s an opportunity that most of these websites are commonly promoting there’s a strong chance it’s a good one. Or if the owner is promoting many home business opportunities you can email them and ask which one they recommend the most.

You can also go to home business forums and ask the members what they think about an opportunity you want to get some feedback on. It’s best to ask in a few different forums and see what the overall consensus is among the members. If most of them have positive things to say about it then it’s probably a legitimate internet home business opportunity. If you are getting mostly negative reviews or if it’s pretty much neutral then move on to another opportunity.

Another way to see what other people think about a home business opportunity is to go to Google and do a search for the name of the opportunity plus review. Let’s say the program you are looking into is named “Successful Home Business Future Team” as an example. So you would go to Google and search for “Successful Home Business Future Team Review” or “Successful Home Business Future Team” +Review. This will give you many reviews of what other people have said about the opportunity. Again be careful here because many of these reviews will be biased opinions of people who are affiliates of the program. Find some that seem to be unbiased and see what they say.

One more great way to find legitimate internet home business opportunities is to seek out a few very knowledgeable people who have been in the industry for a long time and get to know them. After a while you will know if they are helpful and honest. If they are you can always ask their opinions on any home business opportunity you find.

Those are four of the best ways to find out if an internet home business opportunity is legitimate or not. You can’t go around crying if you happen to get scammed because you didn’t do your homework on an opportunity before getting involved with it! There are enough legitimate internet home business opportunities out there that you don’t have to take a shot in the dark on one just because it was the first one you came across.

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Proven Business Ideas for

Archive for the ‘Uncategorized’ Category

How difficult is it to get funding for a big business idea?

Five Interesting Ways to Market Your Home Business

Shall I, Or Shall I Not Go For A Home Business?

Pitfalls to Avoid With a Work at Home Business

Finding Legitimate Internet Home Business Opportunities

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