Taking Advantage Of Serviced Offices To Start The Business Right

It can really be a stressful and challenging task to start a new business. While the thought of creating a lucrative business venture that you can manage and direct entirely can be exciting, it can also often cause new business owners to overlook the level of scrutiny and meticulous planning that is required during the initial stages of the process. It’s not enough to have your business idea ready and to have on hand a rough draft of how your operations will look.

Starting from scratch means that the tiniest details, even ones that may be deemed the least vital, contribute to the new venture’s ability to perform its tasks, so you will have to go through everything – finding a suitable workplace, acquiring supplies and equipment your workers will need, applying for utilities to be installed, and hiring services for maintenance, security, and other necessities that keep the place running smoothly.

Of course, this doesn’t have to be the path taken by your own fledgling business venture. Finding a traditional office space to rent and then fitting it out with everything your business needs, one by one, is a costly and time-consuming endeavour. It would be wiser to turn to a more flexible, cost-effective and convenient option for your workplace, and that would be the serviced office.

Because serviced offices are typically found in central business locations, your business will be off to a good start in terms of setting up shop in spaces where more established rivals also reside. It can be difficult for a start-up to secure a traditional and expensive office space in an impressive location.

Serviced offices, however, are right where the action is so you can immediately gain an edge over your competition. Utilities and important business features are already installed and available, so you won’t have to languish in limbo waiting for the office to be fitted with what you need to start operations. High speed Internet access, videoconferencing capabilities, meeting room facilities, reception and call handling services and administrative or secretarial support will be readily provided with a serviced office, which means that upon occupying the space, your business is good to go. You won’t lose profitable opportunities because of lost time.

Chairs, tables, storage facilities, and office supplies may not initially appear to be a priority, but without these, you’ll immediately see how much your processes can become delayed. You won’t have to allocate time for purchasing and having these equipment delivered because they’ll already be in the serviced office.

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Can Small Business Concepts Work in Big Corporations?

I read an article in Forbes on-line today by Matt Symonds asking “Can Entrepreneurship be Taught to Big Business”? It seems that several business schools are trying to find a way to develop a term called “intrapreneurship”, or corporate entrepreneurship.

They see the need to drive small business innovation and flexibility to large corporations. While I certainly see the need to do so I will never believe that most large corporations will ever embrace those qualities with anything other than “lip service”.

Large companies have basically insulated themselves from their customers through cost cutting, and outsourcing. When was the last time you called a large company with an issue and got a live person on the phone without going through a series of maddening prompts? I had an issue with a credit card charge a few months back and was actually given the option of paying a fee for the opportunity to talk to a customer service representative. I have to admit I opted out.

The issues with large corporations go much deeper than the obvious however; the issues are fed by fear of liability, seemingly lack of trust of employees and turf management.

I’ve had experiences with numerous large companies over the years and am constantly amazed that many remain viable.

One in particular that I’m familiar with is an excellent example of what I’m talking about. It’s a large Fortune 100 company in a highly regulated market. Product sales were historically driven by high quality and name recognition. As is common in most industries new competitors are entering the market putting cost pressures on the market leader.

They have responded by:

– Increasing sales goals on field reps, while:
– Cutting costs in inventory for sale
– Cutting levels of service personnel and spare parts
– Cutting billing and support personnel
– Eliminating training and customer education
– Centralizing all quotes and pricing delegations to headquarters functions, while maintaining almost no customer contact from that level.

In short there are conflicting goals and little or no customer contact beyond the sales reps in the field. To me this is a recipe for failure.

Large corporations whether through fear of litigation or lack of trust have layers of management and hundreds if not thousands of policies and procedures aimed at standardizing everything, where is the room for innovation in this environment?

Many years ago I worked at a senior level of a then Fortune 500 company. The saying there was “nails that stick out get hammered down”. I fear that’s as true today as it was then, maybe just more eloquently put.

I agree that lack of innovation, flexibility, poor communications are issues that are making large companies less competitive and vulnerable to smaller faster businesses. I also think that every company runs the risk of growing to a point that it loses the things that made it successful in the first place.

Only the most effective leadership can address these issues and prevent them or turn them around. That leadership ability must permeate through all levels of the organization. In a small business there are less layers to filter and interpret the message. Large corporations have many more opportunities to block out even the most effective focus and direction.

Until business schools can understand and resolve these issues which are based in human nature I do not see small business concepts being embraced by most corporations.

Martin Harshberger is President of Measurable Results LLC, and Bottom Line Coach. His coaching practice works with businesses to clarify strategy, develop new products and services, and improve bottom line results. He helps businesses develop options through improved profitability and cash flow.

Rethinking the Business Model

It’s amazing what we can achieve when we have to. When either the clock is ticking or there is some other imperative, we tend to focus on the things that matter most and forget about the rest.

The other part of “having to” is those times when we have no choice. Sometimes, the status quo is just not an option, so we have to make major changes whether we want to or not. Let’s call this the burning platform – if we’re going to escape the fire, we just have to jump. We can’t know what we’re jumping into, the only certainty is that if we stay where we are, we’ll perish.

This is of course an extreme image. The reality is that our burning platforms are not in flames. However, if we can smell smoke and the surface beneath our feet is getting hotter, then it’s time to jump.

The conversations I’m having these days with business owners are about The Big Issues – new product development, distribution changes, price-fighting brands, right down to the business model that’s been operating and the need for change.

How should we think about our business model?

The first thing we have to do is go back to our vision. Take your mind out three years from today and see yourself looking at your business with a sense of achievement and pride. What does it look like? How many people are around you? How do you see yourself? Have you created something great? Is it the same shape as it is now, or is it different? A truly great vision is not prescriptive about how you get there.

The second step is to ask the open question, how can we achieve that now? Doing more of the same is unlikely to be an option.

In terms of your offering, recognising that your customer’s needs have changed is the most fundamental insight you can gain. The next fundamental insight is that you are more attached to the way you have delivered your value than they are.

Your customer is re-defining the value proposition – the cost/benefit calculation. At the moment many are happy to take less benefit for less cost. How do you take out cost and features without cutting too deep into benefit?

As companies think about innovation, they get excited about new products and new markets. Reality sets in as they realise that they may be joining a crowded market. While it’s good to think about new products, the other reality is that good distribution beats good product every time. One of the central “business model” questions is how you’ll go to market? Will you simply put new product through existing channels, or can you put existing product through new channels? A wholesaler, for example, might decide to have a direct offering, either through retail or online, though it may be wise to do so under a different brand.

The really key thing in all this is your thinking process. You have to look at some big issues about your market, your industry and your business model. You can’t do that sitting in traffic or at the gym, and you certainly can’t do it while you’re doing the day-to-day stuff.

The way to think about this is to take a couple of hours a week in a place where you can work uninterrupted. It might be with your team or with a mentor. Start with the vision in mind, and consider the different ways in which you might achieve that vision. Write them down, explore them with an open mind and a sense of detachment. The main obstacle to new ideas is that our attachment to the past blocks rational analysis. And today more than ever we have to think clearly and fearlessly.

We’ve applied the principle in our own business: we saw an opportunity for a business development product for smaller businesses, where the economics do not support the traditional coaching model. We’ve taken the principles of our highly successful “real world” programme, built in some powerful technology to support goal achievement, and come up with a practical and positive programme that will help small business owners improve their business and their lifestyle. We’ve priced it to be as accessible to as many people as possible, and the emphasis is on simplicity – the vital few things that every business owner can do to improve performance.

Some people think that their business is unique. Interestingly, humans and mice share 98% of their DNA. It’s the same with businesses: clearly, the last 2% makes all the difference, but the same rules apply to every enterprise. And if they don’t, you probably haven’t got a business, you’ve got a job.

Dr. Mike Ashby is Director of NBCoach and BizTime. Contact him on [email protected]

Mike is Managing Director of National Business Coaching Ltd. Since 2003 Mike has worked with hundreds of business owners who are looking to take their lives and business to the next level.

Prior to getting involved in the small business sector he was Chief Operating Officer at Southern Cross Healthcare, taking over at the height of the operational crisis in late 2001. Mike led the company from a loss of $42M into a profit of $30M in two years.

Mike joined Southern Cross from Ernst & Young Consulting. He was a partner in the Wellington office, leading the national Strategy and Transformation team. He worked with the leaders of large and small firms in agribusiness, insurance, government and financial services.

Prior to joining Ernst & Young, he ran his own consultancy business. Mike is married with 3 fast-growing children, and his hobbies include guitar, fishing, golf and sports of most kinds.

Business VoIP Solutions – Can VoIP Save Your Corporate Budget?

As Voice over Internet Protocol communication matures and as high-speed Internet becomes cheap and ubiquitous, an increasing number of businesses are ditching conventional landlines and jumping to VoIP. Companies are not only marketing products or services, but marketing themselves as well. No matter the size or type, every business should have the tools and solutions needed to present themselves in a professional manner, while maximizing their ability to work efficiently and stay connected to customers and co-workers.

While some small businesses may believe they can get by with simply using their smartphones for work purposes, even the smallest of businesses can benefit from a central business phone system, because it presents a unified face to customers, employees and partners.

Are the potential pitfalls worth the potential monetary payoffs? I’ll walk you through the basics, discuss the pros and cons, and take a look at three commercial VoIP services of varying complexity.

While it may be intuitive, mobile phone plans are simply not set up to offer the same business features that specifically designed business phone systems offer. For example, mobile phones can’t offer a virtual receptionist to answer calls and quickly and easily connect customers with the proper company contacts, or provide important business information like hours and directions.

Generally, things are pretty simple if you’re looking for a hosted service. Many of the top VoIP providers handle all the heavy lifting offsite, delivering calls to your phones and software clients without much hassle, especially if you use phones that are plug-and-play certified for the service in question. The majority require no additional on-site hardware aside from those phones; at most, you might need to find a space for a small box of hardware somewhere on-site.

In contrast, maintaining a self-hosted, on-site VoIP system requires a bit more work. You need an IP-based private branch exchange-a VoIP-friendly version of the PBX phone systems that many offices use-to route your calls to the appropriate phones on your network, as well as a device called a PSTN gateway. The PSTN gateway sits between the IP-PBX software and the analog signals of the public switched telephone network, converting calls to and from digital signals as necessary.

No matter which option you choose, typically you can handle the basic settings for your phone lines or extensions over the phone, while tweaking more advanced options requires diving into your provider’s online account interface.

What Do You Need to Implement VoIP?

Depending on the size of your company and the infrastructure you already have in place, jumping on the VoIP bandwagon could cost your company next to nothing, or it could entail significant up-front costs.
Even home broadband connections can handle several VoIP calls simultaneously, though you’ll need to be sure to leave bandwidth available for other applications as well.VoIP requires a broadband connection-and the more simultaneous users you have, the more bandwidth you’ll need. If you work alone out of a home office, or if you have only a few employees, you won’t have much to worry about; for example, on my setup, running RingCentral’s Conection Capacity utility shows that my 15-mbps home Comcast connection could handle 11 calls simultaneously even if I had Netflix, Spotify, and an instant-messaging client running on the network at the same time.

Make sure that your internal network-including your routers and switches-can handle the load, too. Most providers suggest using a router with configurable Quality of Service settings and assigning VoIP high traffic priority to maximize quality.

If your Internet service provider has a bandwidth cap in place, you should take that into consideration as well. Most VoIP service providers use the high-quality G.711 codec for VoIP communications, which consumes 64kb of data every second you talk. In reality, even a large number of people should be able to chat it up on VoIP without having to worry about hitting bandwidth caps, but you’ll want to keep close tabs on your data usage to avoid exceeding that cap.

You’ll need a SIP-enabled phone, such as the Snom 300, if you want to make VoIP calls.Finally, even if you subscribe to a cloud-based hosted VoIP service, you’ll need to make sure your phones can communicate over VoIP. Most VoIP systems use session-initiation protocol technology to assign each phone or VoIP software client a specific address; that’s how the IP-PBX routes calls to specific lines. As such, you’ll need a SIP-enabled phone to make VoIP calls. (Some VoIP systems use H.323 technology rather than SIP, but those are rare.) If you want to keep your old analog touch-tone phones or fax machines, you can plug them into an analog telephone adapter (ATA), but they won’t be able to use many of the advanced features that SIP-based VoIP phones provide.

Placing Your Business in a Business Center

When you’re trying to run a business, location, and visibility are the absolute keys to success. Marketing and public relations teams exist in order to make these things possible, and both have developed into very large and important industries, serving the needs of businesses throughout the world. While they focus on brand visibility and dissemination of information, there is something they can’t help with: location! Having a prime location for your business is important for productivity and for getting potential customers in the door.

There is perhaps no better place for your physical location than in a large, high-rise business center. Every major city’s central business district will have a number of locations like this, and each one hosts a number of enterprises. Getting your business into one of these places requires a few simple steps.

1. Networking

Networking is important for every aspect of the commercial world. If you’re looking to buy some real estate in a business center, it will behoove you to connect with as many people in the surrounding area as possible. Your connections will give you an ear into the scene, and you may very well hear of spaces opening up before they are officially listed.

2. Survey and Make Contact

This one is directly related to the network you’ll make. It would be ideal to make an introduction with someone who has influence in the company that owns the business center. Get to know the person, take them out to lunch, and inform them of your interest in any available space. At the very least, they’ll have some info on what’s available, what the pricing looks like, and who to talk to. They may even be able to help you get in to view the open space. When viewing a potential office space, you want to imagine what your company will look like there. If it’s going to be an office, think about layout and its effect on productivity. If it’s going to be more of a storefront, try to imagine what it will look like after you’ve moved in. Think about the flow of the room, and its effect on customers and employees. Naturally you want to make sure there’s room for your stock and other collateral!

3. Make a Bid

So, you’ve made the proper introductions, have honed your reputation, and decided that you want the location. Great! The next step is to find out what the general offers are, and make a bid that seems reasonable for all parties involved. Don’t be tempted to overbid in order to beat out the competition, as you might end up spending way more than necessary. But remember, a spot in a business center is prime real estate. If this is important to you, don’t be afraid to shell out. This could be a huge move for your company!

Business Process Outsourcing: Now A Must For Singaporean Companies

Singapore’s cost of living is known to be one of the highest in the world. Naturally, the cost to operate a business here is very steep as well. And unlike other countries, we do not have a minimum wage set primarily due to the fact that the government owned 54% of Singaporean companies.

While it’s relatively easy to put up a business here because of our safe economy and government and enforceable legal system, our restrictive labor pool is one of the major constrictions that needs to be considered.

The government is coxing the labor workforce towards careers with higher value such as finance, biochemistry, and industrial engineering creating a huge gap in the hospitality, F&B, tourism, and retail industry because fewer locals are willing to take these “low-tier” positions.

And the only way to fill the void is by hiring immigrants who are willing to accept such positions. Here lies the problem since the government is now imposing stricter rules when it comes to hiring foreign workers by increasing the cost of labor for small businesses by at least 15% in order to protect the locals, who do not want to take the above-mentioned jobs in the first place.

Aside from high labor cost, land cost here in Singapore is also sky high due to the very limited land availability and strategic port location. Thus, buying or even renting office space will shoot up your overhead cost.

The only better option for Singaporean companies is to embrace the globalization of workforce and outsource its businesses to countries like the Philippines.

The Philippines is home to more than 800 call centers and BPO service providers that have been in the country for more or less a decade. Some of the world’s biggest multinational companies like Accenture, Convergys, and JP Morgan Chase have successfully set up their BPO presence in the country. The country is one of the pioneers in the industry giving assurance that they have the proper know-how in the industry.

Metro Manila, the country’s central business district, is rank second in the world next to Bangalore, India as one of the top BPO destinations in the world according to Tholon (strategic offshoring advisory firm).

What sets Philippines apart from other countries that offer business process outsourcing is its close cultural affinity to the West (US & UK), which is an important factor to consider when setting up business abroad. There’s also a large availability of highly educated and skilled professionals who have experiences working in a BPO set up.

And with the total outlay of around $1700 per employee inclusive of salary, rent of office space and furnishing, it’s a great bargain considering the quality of professionals available in the Philippines.

BPOs are now scattered all over the archipelago, not just their capital city. Cost is even cheaper in provinces like Cebu, Davao and Clark.

Philippines is among the top 10 economies making the biggest improvement in business regulation in the past year. Their government implemented regulatory reforms in three areas – simplified occupancy clearances easing construction permitting, new regulations that guarantee borrowers’ right to access their data in the country’s largest credit bureau, and the introduction of a fully operational online filing and payment system making tax compliance easier for companies.

BPO nowadays not only focus on call center solutions. Other processes like finance, marketing, recruitment, IT and sales among others can be done offshore.

Government Grants for Small Businesses

This article will provide you with some ideas for acquiring that seemingly elusive grant money for small businesses.

One option is investigating state and city grants. While there are few for-profit small business grants available directly from the federal government, many state development agencies offer direct small business grants and other types of financial assistance designed to encourage and assist entrepreneurs in starting or expanding a small business. States have an Economic Development Office or a Department of Commerce that you can contact to get information about grants in your state. Also check with your city’s downtown development authority (DDA) to see if there are additional financial incentives for having your business located centrally in your city. This is especially a good idea if your downtown is experiencing a growth burst or conversely if your city is experiencing a recession – in both cases most DDA’s will work hard to make their city more attractive to small businesses to get them to move in and stimulate the local economy.

Another option for getting government grants is aligning your for-profit business with a not-for-profit organization. For example, say you want to start a small private security company and you promise to provide free security for your daughter’s school events (dances, sporting events, etc.). These types of partnerships can allow the organizations that supply you with grant money to write their gifts off as tax breaks. Which in turn gives you the edge when competing with other small businesses for grants. Foundations and other philanthropic groups want the ability to write off their grant gift to you. It’s winning situation for everyone: you get the money you need for your start-up company, a worthy cause gets something that they need, and the grant-givers get a tax break. However, I am simplifying the process for the sake of this article, check out my article attached to the bottom and I’ll walk you through how to do this step by step.

Here’s another idea for you entrepreneurs; sometimes a small business sets up a 501(c)3) and can control the funds given to it by appointing the Board of Directors. This makes you eligible to apply for government grants. There are some specific ways this must be done, but it can be done with a little guidance.

3 Benefits to Using Cloud Yoga Business Software for Your Yoga Studio

A Fictional Tale of Two Yoga Teachers:

Wendy and John are each starting a yoga studio. They have their space, a website, and recently opened for business.

They also chose to administer as much of their business as possible on computers (who doesn’t these days). They each have a laptop so they can be mobile, or so they think. They also have a desktop in their studio.

Students are coming to their classes and they’re delighted by this. Yet, they both desire more students. Their business is in a growth stage.

When not teaching classes and chatting with students, they’re on their computers taking care of the financial aspects, marketing, curriculum / class planning, and overall administration of their business.

When they started, they weren’t sure the direction their business would take so they held off buying any specific business management software. Instead they used Word and Excel to take care of their software needs. So far their software set up is working okay, but they see the writing on the wall how something more sophisticated could save them time.

Wendy and John go online to start looking at yoga business software options. They’re pleased that there’s a lot of options. Of course options mean making a decision.

Wendy decides to go with a cloud computing software platform while John opts for an installation software option.

Wendy’s option requires that she pay a monthly cost to use her software. John likes the fact he only pays one time for the software.

Wendy logs into her software account through the Internet and sets up your software for your business. It takes a few days to get familiar with it, but within a week she has her software working for her with a class schedule set up and she’s put her student contact information into the database. She also set up her autoresponder email account and integrated it with your student contacts.

John installed his software on both his laptop and desktop computer. He opted for no server and instead figured out how to network the two computers together so when a change is made in one computer it’s reflected in the other computer. He spent about a day getting his software installed and networked.

Like Wendy, he takes a few days inputting his student contact information and formatting his class schedule in the scheduling software. His email software is separate, but he’s managed to integrate it using an APP with his installation-based yoga business software.

Fast forward 2 years. Both their yoga businesses are doing better than ever. Each of them hire 2 teachers to teach designated classes and a receptionist. This growth required more computers for their staff. Wendy, simply upgrades here software to add another user. Her staff simply logs into the software through the Internet.

John buys another license and then goes through the installation process. Now he must network another computer. He’s read that using a server is a good idea, but has no idea how to set up a server. Given his business is growing, he decides to hire a networking consultant. After buying a dedicated server and paying networking consultant fees, John spent $1,500. His software also upgraded 6 months ago and so he paid $300 in upgrade fees.

As their businesses grew, both Wendy and John started selling some retail items in their studio and on their website. They also discovered how effective email marketing is to student retention and growing their business. Wendy’s online software platform offered e-commerce, credit card processing, and integrated e-mail marketing software. She was able to set up her stores and beef up her e-mail marketing quickly.

John leased credit card processing hardware, bought a license for e-commerce software and continues to use his original e-mail marketing software that’s integrated with his student contact database.

At this point Wendy’s entire yoga business software is centralized and accessible over the Internet. John uses several software services that are installed and networked among his computers. As John’s business grows, his computing needs become more complex and he now has his networking consultant on speed-dial.

He now budgets annually for computer consultant fees – something he never anticipated. He of course has heard about cloud software and is now interested in making the switch, but is reluctant given the amount he’s invested in his desktop installation software. He’s going to wait and see.

Making Money Through an Online Vs Offline Business

In today’s current economic times, many people are looking to start a business in order to gain financial freedom and free themselves from the uncertainty of a day job. There are many choices to make when starting a new business and every business is different, each taking a different path towards accomplishing their goals.

Before you can move forward on your entrepreneurial journey, you must first decide whether your business will be an online or offline venture. There are many benefits to each operational structure, but your model and access to capital will play a critical role in determining which structure to use for your business.

Historically, most new businesses start by opening a physical location where customers and clients can interact with the business and purchase the businesses products and services. In this age of the internet, physical businesses are considered “Brick and Mortar” because they are housed in physical buildings. The benefit with offline businesses is that an entrepreneur can build trust and credibility by showcasing their store, office, or other place of business. Having a central business location gives customers the impression that a business in credit worthy, stable, and credible.

Building trust with an online venture tends to be more difficult to accomplish simply because there is no exclusivity in the online world. Everyone has the ability to create a website instantly, and consequently, anyone can portray themselves as a legitimate business providing goods and services. There is less accountability for online businesses because the business may not have a physical location and therefore there is no “offline” jurisdiction that can mediate a customer’s complaint or issue toward a company. This lack of accountability can make some potential customers leery to conduct business with a company that is strictly online and it will take more effort by the entrepreneur to ensure that credibility and trust are consistently being built with potential customers.

Although offline businesses can build credibility with customers, this comes at a steep price. Offline businesses usually operate with a large overhead costs including rent, staff, phone, internet, office furniture and supplies. Payroll costs associated with hiring a staff and rent costs can increase the pressure on an offline business to operate profitably because of these overhead costs. These overhead costs remain constant regardless of whether the business is performing well or not.

Online businesses can relieve the stresses caused by high overhead costs. Unlike offline businesses, a virtual business has very little start-up and on-going costs. All one would need to start a business online is a computer and internet access. There are numerous websites that allow for you to create your own online stores for free; all you need to do is supply the product.

The inexpensive cost of starting a business online also carries over to marketing costs. Offline businesses generally have to market using offline marketing strategies in order to generate customers to their business. These marketing channels are typically Television, Radio, Newspaper, Phone Book, and Billboard advertising. All of these marketing channels are effective but they are expensive and generally are not well targeted towards a businesses ideal prospect. However, marketing on the internet to promote and online business can be done quickly and inexpensively. Potential customers are all over the internet and all savvy online businesses have to do is position their business directly in front of their ideal prospects using a variety of traffic generation strategies.

Technology allows you to quickly scale and grow your online business. Utilizing the internet and technology an online business can communicate with thousands, if not millions, or targeted prospects at the blink of an eye. Your website can be open for business 24 hours a day, 7 days a week and your entire sales process can be automated allowing you to have more freedom to enjoy the fruits of their business. An online business is also not location dependent like an offline business. You can have access to your online empire with nothing more than a laptop and internet connection. You can also have access to customers from around the globe as customers from all over the world can have access to your business through your website.

The reality is that you can create a successful business that is either online or offline, but the real way to grow a business is to implement both online and offline strategies into your business model. If you are just getting started and you have limited capital, then starting your business online makes the most sense. By beginning with an online business, you have the option to generate revenue in a variety of ways with minimal risk or capital requirements. As your business grows, you may decide to expand into new market segments and establish a physical presence offline. This may be the time where you begin to create a business plan for your growing business and initiate a capital raising campaign.

In all honesty, when you have a successful and profitable business, the sky is the limit. Rather you start an online or offline business, you will still need to apply the basic fundamental principles of business. Regardless of your operational method, you must dedicate yourself to starting and growing a successful business. This will require constantly learning, implementation, creativity, and sacrifice. Building success is hard work and it is going to take time to grow your business to a level in which it can sustain itself and provide you with the freedom and income that your are looking to obtain.

Overall, in this new global economy, an online business will bring you advantages that simply can not be obtained with an offline business. An online business will provide you with an opportunity to build a company with little cost and risk. Couple that with the fact that your online business will be accessible to target prospects across the globe and I am sure that you can see the potential in having an online business. As your business grows, you will be able to scale quicker and enter into new markets faster than your offline competition. Online businesses are here to stay and should be the starting point for any aspiring entrepreneur seeking to stake his claim in the world of business.

Party Plan Business Success – Home Based Business Marketing Ideas

How To Accomplish Home Based Business Success

Only about 20% of new to the job direct selling business owners actually realize success. Why is there an 80/20 rule in direct selling business? Not even 20% of the new sales reps who start a home business actually stick with it long enough to make money and become successful. What is wrong with that picture?

Profitable Home Business

There are many reasons why reps do not attain success in work at home businesses. The central reason is that they do not treat it like a real business. In the world of brick and mortar businesses everyone knows that it takes time, commitment and investment to create a business with profit. As a matter of truth, most new start-up businesses are told that they need 3-5 years of capitol to invest before they can expect to start to become profitable. Most new Home Party Plan business owners are not even prepared to invest any funds after paying the initial sign-up fee, let alone wait 3-5 years to turn a profit.

In direct selling businesses the new consultant is often told that it is easy. While most direct sales business plans are simple and usually no problem to follow, that does not mean does get involved can do it. A superior attitude to bringing in new sales reps would be to share with honest thoughts how the business works and what it takes to make it. When a newbie direct sales business team member has a better sense of the amount of energy required as well as a true picture of the time frame to achieve a profitable success then they will not get disillusioned and abandon. While it is most likely not necessary for a work at home business owner to wait years years to become profitable, it is not realistic to expect a substantial income from day one. New business owners should be educated to the fact that efforts put into business do not turn up the following week in the form of a pay check but may take several months to pay off.

Small Business Marketing Ideas

The difference between success and failure in most party plan businesses can be as simple as a few business systems and marketing ideas. In order to be a success in home based business, sales reps should put onto practice other basic business practices that all successful businesses utilize. Incorporate these work at home business strategies into your business to guarantee success.

Every business has office hours so schedule your work days.
Get an education. Go to team trainings and seminars.
Use a business plan. Every profitable business operates with a yearly map.
Network your business in many venues.
Go to work everyday. It requires effort to grow a business.

party plan Business Failures vs Success Strategies

While these simple guidelines seem almost a given, it is amazing how many Home Party Plan business reps fail for those very reasons. The last bullet point above really is the key strategy to direct sales business success. Frequently, new sales consultants think that their party plan business will be conducted “in between” other life activities, yet yield the results of a viable business. If you want to create an income from your direct selling business, you have to treat it like a business. Reaching goals is based on simple plans incorporated on a consistent basis. Your business cannot be put in after your hectic life. It must be a priority in your life.

When you incorporate a business plan into your home business opportunity business you will achieve your goals. Learn more about direct selling at http://www.CreateACashFlowShow.com

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