"Age is an issue of mind over matter. If you don't mind, it doesn't matter."Mark Twain
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Forget About Any Legal Problem With Small Business General Liability Insurance
If you have a small business you surely know that nowadays it is more likely getting sued for any accident or injury at work than it was before. Small business general liability insurance can prevent a legal suit from turning into a financial disaster by ...
Permission Email Marketing Tips for Offline Small Business Owners
Unless your small business is situated under a rock, you've probably heard something about email marketing by now, and you may have even wondered if it's time for your small business to get into it. In its simplest terms, email marketing means ...
Small Business Marketing - "Sales" As A Positive Experience
No matter what your age or stage in life, some words come with preconceived meaning. "Sales" is one of them. For most people, it means being put in a position to have to buy something you don't want at a price you can't afford. Therefore, how do you ...
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Have you been dreaming of getting out of the rat race and starting your own small business? If so, your dream has become a reality for thousands of people across the U.S.
New small business owners often have similar questions such as Will I be successful? Do I need a mentor? What help is available? What will this cost me?
The fact of the matter is, those who are successful in starting their small business have carefully planned for each phase of their business's life. There are definite steps potential entrepreneurs should follow to increase their chance of success. Here are 3 tips to assist them in this process:
Tip #1: Decide on your potential business. Ask questions such as:
1. Is there is a marketplace?
2. Can a profit be made?
3. How much competition is currently in the specific market place?
Tip #2: Do careful research. This is highly important and can prevent potential small business owners from making costly mistakes. Some basic questions to ask are:
1. What niche or void will my business fill?
2. What services or products will be sold?
3. Is my idea practical, and will it fill a need?
4. Can a demand be created for the business?
Once the potential small business owner has determined their business is feasible, other questions to think about are:
1. What skills and experience do I bring to the business?
2. What will be my legal structure?
3. What financing will I need?
4. Where will my business be located?
Those looking to work from home should answer additional questions such as :
1. Is there enough space in my home?
2. Can the business be run well and successfully from the home?
3. Can I deal with not working around other people?
When potential small business owners are able to answer the questions above and feel comfortable with the outcome, this will naturally lead then to the next tip:
Tip #3: Develop a business plan. This is crucial and there is help available for this important step. For example, The Small Business Administration (SBA) provides free or low-cost resources to help potential small business owners plan, finance, and manage their business. The resources the SBA offers includes free, online courses which takes entrepreneurs through the steps of starting a business, assistance in writing business plans, and guidance in how to raise capital. These resources are easily available online at http://www.sba.gov or at the local SBA office in towns and cities across the U.S. The SBA?s Answer Desk can also be reached at 1-800-U ASK SBA.
Another great source from the SBA is there SCORE program. This stands for the "The Service Corps of Retired Executives". This is a free e-mail business course that includes informative sections on federal and state agencies and links to other business resources. Find the SCORE program by going to www.score.org.
Starting a small business and being successful with it are dreams of many people. However, it does require careful planning and research. If done right, one can indeed leave the "rat race" behind and embark on a life they have always dreamed about. Why not start now?
Copyright 2005 Monique Hawkins
About The Author
Monique Hawkins is the owner of the online music box store, "Monique's Music Box" located at http://www.my-music-box.com. She enjoys sharing information with business owners that will help them attain success. For information about a mentoring resource that will help new and established small business owners increase their capital, email her at hawkins217@cs.com or visit http://www.abrahampublishing.net/app/?af=274476.
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No vacation for many South Florida small business ownersMiamiHerald.comRecent polls reveal more US adults are vacationing this summer despite the economy, but small business owners in South Florida aren't on the same page. By Nicky Diaz The economy is slowly improving, but that doesn't mean South Florida small businesses ... |
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How small business clicks toward salesGaston GazetteThere was a time when the brick-and-mortar retailer was running scared and small businesses were shaking in their booths. Today's small-scale companies are meeting the challenge armed with a mouse and a plan for gaining a modern market. |
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Small business helped by Affordable Care ActSalt Lake TribuneBy cathy mckitrick Utah's small businesses that offer health care coverage to their workers could be eligible to receive significant tax credits under the federal Affordable Care Act. But many business owners don't know that. Who qualifies?and more » |
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