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Other Added - The Fear Factor
Do you often have the thought that your business would operate so much better without customers and all their demands? They want this, that and the other – all of which interrupts your day! But customer expectations are what drives your business and keeps them coming back.Do you know what your customers are expecting of you? If not, how can you find out? What will understanding their expectations do for your business? In this article we are going to look at expectations and how it’s import
* Get your Side-Hustle going! Start small with projects after work and on weekends. You can test the waters to see if your business is even worth expanding. A slow transition is key.
* Know your monthly budget and save accordingly. Each paycheck you get from your job and side-hustle, stash away a chunk for your " lay-away plan for escape." You should have
Every television viewer has seen the infomercial spot showing the forlorn, wanna-be inventor, crushed, their idea being successfully marketed by another party. He did not get a patent. The answer offered in the commercial, contact an invention Submission Company, get a patent, market your product or opportunity to thousands of corporate decision-makers, get rich. This is the American Dream, is it not?One of the saddest aspects of my work as a new product development and marketing consultan
1. Fear of Failure: But of course… the most obvious. Unfortunately, the reality is that 30-50% of start-ups fail for various reasons...not always because of poor sales. Actually, of every seven businesses that shut their doors, only one actually fails - that is, leaves unpaid obligations (Small Business Administration-sponsored research). Then you have your external factors that are uncontrollable, hence the thousands of 9/11 layoffs. However, there are some basics ways to get over failing, if you plan ahead for the good times and bad:
* Know your strengths and weaknesses. People who fear inadequacy sometimes try to do everything to perfection. Yeah, you control freaks out there know who you are! LOL However, you must realize what your talents are and then get help where you're lacking. You'll give yourself more freedom to excell in what you do best.
* Analyze your idea, your market, management team, and your financial feasibility before beginning anything!
* Identify the many pitfalls that others have had and learn how to avoid them. It can't be said enough…Know your competitors and find a good mentor!
2. Fear of Insufficient Cash Flow -AKA- Going Broke!: Your need for start-up money is the reason that you shouldn't storm out of your dull 9 to 5 just yet. Yeah..you might hate your job, but think about it as the contributor to your "lay-away plan for escape." Realize you are probably going to spend more money than you make that first year in business. Here are some pointers to help prevent you from living back at Mom's in your old room...
* Get your business plan together…this goes hand in hand with Fear number one: Failure. Because the more you have dissected what you need to do, the more realistic things will be for you.
* Get your Side-Hustle going! Start small with projects after work and on weekends. You can test the waters to see if your business is even worth expanding. A slow transition is key.
* Know your monthly budget and save accordingly. Each paycheck you get from your job and side-hustle, stash away a chunk for your " lay-away plan for escape." You should have a
People think of summer as a time to leave work early, take vacations, visit the beach and read a good book. Summer is good for all those things. But it is also the perfect time of the year for evaluating your professional life and addressing areas in need of personal development.EvaluateThe first and most important step is to evaluate where you are versus your career and professional goals. Are you on track? Falling behind? Ahead of your peers? These apply not just to titles a
* Know your strengths and weaknesses. People who fear inadequacy sometimes try to do everything to perfection. Yeah, you control freaks out there know who you are! LOL However, you must realize what your talents are and then get help where you're lacking. You'll give yourself more freedom to excell in what you do best.
* Analyze your idea, your market, management team, and your financial feasibility before beginning anything!
* Identify the many pitfalls that others have had and learn how to avoid them. It can't be said enough…Know your competitors and find a good mentor!
2. Fear of Insufficient Cash Flow -AKA- Going Broke!: Your need for start-up money is the reason that you shouldn't storm out of your dull 9 to 5 just yet. Yeah..you might hate your job, but think about it as the contributor to your "lay-away plan for escape." Realize you are probably going to spend more money than you make that first year in business. Here are some pointers to help prevent you from living back at Mom's in your old room...
* Get your business plan together…this goes hand in hand with Fear number one: Failure. Because the more you have dissected what you need to do, the more realistic things will be for you.
* Get your Side-Hustle going! Start small with projects after work and on weekends. You can test the waters to see if your business is even worth expanding. A slow transition is key.
* Know your monthly budget and save accordingly. Each paycheck you get from your job and side-hustle, stash away a chunk for your " lay-away plan for escape." You should have
When was the last time you had really great customer service? Perhaps it was when you bought something in a store, checked in at a hotel or the airport or even made an enquiry over the phone.When I ask this question of participants on my seminars, people respond with all sorts of great customer service stories.They say things like - "The lady I dealt with was really warm and friendly" or "The guy in the store made me feel really important" or "They always remember my name whe
* Analyze your idea, your market, management team, and your financial feasibility before beginning anything!
* Identify the many pitfalls that others have had and learn how to avoid them. It can't be said enough…Know your competitors and find a good mentor!
2. Fear of Insufficient Cash Flow -AKA- Going Broke!: Your need for start-up money is the reason that you shouldn't storm out of your dull 9 to 5 just yet. Yeah..you might hate your job, but think about it as the contributor to your "lay-away plan for escape." Realize you are probably going to spend more money than you make that first year in business. Here are some pointers to help prevent you from living back at Mom's in your old room...
* Get your business plan together…this goes hand in hand with Fear number one: Failure. Because the more you have dissected what you need to do, the more realistic things will be for you.
* Get your Side-Hustle going! Start small with projects after work and on weekends. You can test the waters to see if your business is even worth expanding. A slow transition is key.
* Know your monthly budget and save accordingly. Each paycheck you get from your job and side-hustle, stash away a chunk for your " lay-away plan for escape." You should have
Do you have the qualities to promote products or services through personal referrals? What you need for this is empathy, a reasonably good knowledge of the world wide web. You should know how to surf the net meaningfully and effectively to extract financial benefit from it and the sense to identify the winning products or services for which there is a demand in the virtual world. Remember the world is virtual but there are real people behind it and real money to make here if you are ready to inve
* Get your business plan together…this goes hand in hand with Fear number one: Failure. Because the more you have dissected what you need to do, the more realistic things will be for you.
* Get your Side-Hustle going! Start small with projects after work and on weekends. You can test the waters to see if your business is even worth expanding. A slow transition is key.
* Know your monthly budget and save accordingly. Each paycheck you get from your job and side-hustle, stash away a chunk for your " lay-away plan for escape." You should have
What I want to discuss in this article is the basic idea of honesty. The internet is a wonderful place to do business, but with the continuous flood of spyware, malware, and spam, it can be a horrible and very frustrating place for the average user. I am amazed, but not surprised, by the unethical practice of businesses using popups and spam to sale a product. It isn’t surprising because the fact is that those business practices work. Any of us that have worked in this field for awhile know t
* Get your Side-Hustle going! Start small with projects after work and on weekends. You can test the waters to see if your business is even worth expanding. A slow transition is key.
* Know your monthly budget and save accordingly. Each paycheck you get from your job and side-hustle, stash away a chunk for your " lay-away plan for escape." You should have at least 6-12 months saved, so that you can keep that roof over your head and food in your belly. And hey…Don't count your 401k, that's for retirement only! You don't want to pay that 30% penalty for withdrawing!
* When all else fails--Borrow: Start off with friends and family. Banks usually want proof of a financial track record of at least 2-3 years, so they might not be as willing to give, if you have a brand new company. Money is pretty scarce these days, however there are still some grants that are being given away. Go online and to the business library and do your research. Ask your local business organizations. You might get lucky!
3. Lack of Stability: Some of the main reasons people leave their 9-5's is because they are bored to tears with the monotony. You can almost expect to be shaken into a world of change when you are in business for numero uno. But I for one think that's what makes its so exciting. Routine ~yawn~ is what many are escaping. You'll be free to call your own shots and instability is something that might even be welcomed.
* Be able to adapt to change: With every turn in today's unpredictable business environment comes another challenge. You need to be able to change directions quickly-always have a plan B! Entrepreneurs who are aware of change today and successfully adapt to it will emerge as the leaders of tomorrow!
Here are some related links to check out:
Small Business Administration: http://www.sba.gov
1099-Independent Consultant site: http://www.1099.com/
Entrepreneuar.com: http://www.entrepreneur.com/
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