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Business Ideas

Startup Squanders – The 5 Worst Ways to Spend Money When Starting a Business

The road to entrepreneurship offers plenty of opportunities to waste money. Unless your rich uncle is bankrolling your entire start-up without concern for what and how you spend, you need to keep your expenditures under control. The top five ways that entrepreneurs waste money, but shouldn’t, are:
Startup Squander #5 — Franchise or MLM Fees
Don’t bother with these business models. Franchises, even the best ones, are too expensive for what you get, and MLMs are just a bad idea. The money you put out for either only provides you pieces of the operations are still at square one as far as your overall startup. Your franchise and MLM fees buy only the operations ideas or access to brand products, you still must complete all your own planning, fund all equipment, location, staff, etc., and figure out how to get the product sold. You are far better off coming up with your own business idea, learning what you need to know, and actually working for yourself. And anyway, why share your profits with your franchisor or upline? You are doing the work, you should reap the rewards.
Franchise fees range from a few thousand dollars to tens of thousands, plus a cut of your profits through the life of the business. MLM buy-ins range from a few hundred to several thousand dollars.
Startup Squander #4 — Grant Seekers and Consultants
There are very few, if any, government direct grants for domestic start-ups. There are no secret grants, and there are no tricks to applying for grants if your business idea does happen to qualify for one. The Federal government does earmark millions each year for small business, but the majority is distributed through SBA programs which are used to guarantee bank loans or provide short-term working capital to existing businesses. Some money ends up with local economic development NFPs who may provide training or micro loans to first-time entrepreneurs. If you qualify for any help through these NFPs, their staff will help you through the process for free.
Grant consultants charge a wide range of fees, but most are in the thousands.
Startup Squander #3 — Entity Registration Service
If you have a straightforward situation, you can easily do it yourself. If you don’t, you need an attorney. Paying for these services make no sense – if you understand enough to fill out their questionnaires about how you want your LLC or Corporation set up, you can just as easily set it up yourself. Most Secretary of State websites now provide a simple online form to fill out with clear explanations for each section. Templates for the Articles of Organization and Owners’ Agreement are easy to find, and writing them yourself means you will know exactly what you are agreeing to. Even if you have your attorney review them, it will be cheaper than the average service. The hardest part is deciding whether an LLC or Corporation is the better choice for nobody but you should be making that decision. If you have complicated issues involved in your organization or have specific concerns about partnerships or assets, or you are planning an IPO, work with a competent attorney in your state.
The entity registration services available charge fees from one to several hundred dollars, plus your state’s entity registration fee.
Start-up Squander #2 — Start-up Consultants
Start-up consultants are available to do everything from naming your business to writing your business plan. Some newer breeds offer services to walk you through the start-up process, charging $150 to tell you the next three things to do for your start-up. Even the most basic start-ups require over 100 steps, so the fees add up very quickly. As for the specific service consultants (name your business, conduct market research, write your business plan) – It’s your start-up, so why would you leave critical basics to somebody else? You will be running the business, so it only makes sense that doing most of the preparation work yourself will greatly increase your odds of success.
Startup consultant fees can range from hundreds to thousands of dollars, depending in the service.
Start-up Squander #1 — Perks
Some first-time entrepreneurs are under the delusion that simply becoming a business owner means you drive BMWs, frequent expensive restaurants for every meal, and take exotic vacations at will. The reality is that although entrepreneurship is just about the only way to achieve that lifestyle, it doesn’t happen overnight. For all new businesses, the first goal is Ramen-profitability — making enough money to keep yourself and your family in Ramen noodles. Plugging most of the profits back in to building the business is the only way to become rich. Spending your limited start-up cash on frivolous luxuries is a sure route to failure. Watch the pennies during start-up and the …

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Business Insider

How to Generate Maximum Money With Data Entry Jobs

Many people argue that they are unable to generate a good amount of supplementary income from home based online data entry jobs. They reason why they make such type of arguments is that they don’t pay attention on a number of basic things which are essential for data entry jobs. Along with being regular and responsible, you also need to follow few other basic things which can give you a long term and true success in such home based jobs.
So if you truly want to make maximum money with data entry jobs, the first thing you need to have is strongest determination and will power to work. In fact the mechanism of data entry job is of such a type that the more you spend time, the more you generate money out of it. Say for example, you are doing a full time job from your home. There is no doubt that you can earn more than $15,000 per month. The even more you expand your work, the more you earn. But that does not mean that you start accepting work above your capacity. This will definitely make you ashamed in front of the employer.
Another way to maximize the money through data entry and other similar jobs is to outsource the workload. Say for example you have got some really large clients and you are unable to solely handle their workload. It is not a bad idea to outsource the work to some reliable juniors or friends. This will not only add to your monthly income but will also give you the freedom of having no bosses and the joy of having your own business. Consequently, you can have your own website where you can promote your business and your work. This will add an incredible amount of employers and employees to your business portfolio and you will truly not doing any more work on your own. You have done the effort to get yourself at this stage. Now when you are able to provide the work to your employees, you should handle your own business only. Try to have long term and smooth relationships with all of your employees. Don’t just grab the client if it is paying well. First make sure you have working capacity for such work. Otherwise, you will be facing shame at the time of the delivery of work. Such types of practices are considered as strongly unethical in the business world and hence should be avoided.
Another way to boost your supplementary income with data entry job is to learn various basic tactics and tips for word processors and other software packages. Many data entry jobs require doing a repetitive task thousands of time. Therefore, if you are good at MS Excel macros, there are a lot of chances that you can do the biggest job in few hours. This is the reason why there exist large data entry organizations which have dedicated business. If you also want to establish such type of business, you will need to be learned, skilled, resourceful and patient person.…

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Small Business

Make Money at Home – Patience is a Virtue

The Internet is full of people who have set out to make money at home, but have experience little or no success. On the other hand, there are those who have become millionaires because of the Internet. The fact of the matter is that the World Wide Web is a resource which is heavily searched daily in a quest for financial independence.
The good news is that it is not very onerous to make money at home. For starters, you just need to identify something that is of high interest to you. For example, think of a hobby. Thereafter, you can create a niche blog and write on matters which relate to this hobby. Eventually, you will have followers who anticipate every one of your future blog posts. These followers will be the customers for the products or services which you offer related to your blog. While this is a great way to generate an online income, most people who want to make money on the Internet are unwilling to do what it takes to make it successful.
The major factor which leads to a failure to make money at home, is that most individuals want to make money right now at the push of a button. The sad thing is that most of these individuals are inexperienced, and have no idea of what they are doing. However, anyone who is willing to invest the time in learning what they need to know, and doing what they need to do to make money at home will be at a huge advantage to those who are not willing to do so.
What you need to know from the start, is that you do not have to reinvent the wheel. Rather, you must identify what has granted others with success, and follow in their footsteps. At a minimum, I can tell you that you will need to first make goals, then plan what needs to be done to accomplish your goals. Thereafter, you must take consistent action over time.
One thing that you will almost certainly find are a myriad of websites claiming that they will make you rich in a short amount of time, with very little effort on your part. I do not care how tempting or convincing these websites look. Stay away from them, because they are just trying to deprive you of your hard earned money. If it were so easy to make money using their methods, why would they be wasting time trying to convince you rather than making all of the money themselves?
For any of you who are looking for a way to make money online, I strongly suggest that you take a look at affiliate programs. Affiliate programs will not ask you for money before they allow you to make money. In fact, every affiliate program that I know of is free to join. This method of online business is great because it is inexpensive, if not free to promote, and allows you to build your income over time. Another great thing is that affiliate programs provide you with numerous products for your online business. Each time you sell a product, you get paid. However, you do not have to ever see the product, ship the product, talk to customers, or handle issues related to returned products. All of this is handled for you. Without a doubt, affiliate programs are a great way to make money at home.
So just remember that when taking steps to make money at home, you must be careful. Make sure that the whole premise behind the scheme is not to pay your money into it, and then convince others to pay their money into such a scheme. Many of these get rich quick schemes have no product which anyone would want, and operate by recruiting others to pay basically what amounts to a membership fee. This is not something which can be sustained over time, and will eventually fall apart. Keep this in mind, and stay away.…

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The Business

Fast Online Money

So, “You want to make money fast?”  Well, I have learned from a certified Millionaire, ONLINE, with these 3 websites.
The first stop for anyone who wants to make money fast is Associated Content.  Associated Content means the content or article you write for them.  Often, Associated Content will pay you anywhere from $3 to $40 for your content. Most of the time however the bids placed for your content (or article) are for much less than $10 each. This can still be a very profitable online venture if you submit several articles daily.  It is surprising to see just how easy you can earn a part time income by writing for Associated Content.
Another site called Cash Crate which pays individuals to take surveys.  You can make anywhere from a dollar to upwards of a hundred dollars, just for taking surveys.  Not too bad for sharing your opinion.  The reason they pay you to complete surveys is that many companies need in-depth information from their customers to enable them to see what real people think or feel about their product or services.  Companies are willing to pay loads of cash for this in-depth information to steer their marketing campaigns.  There is a daily homepage survey paying $0.80.  While it isn’t much per day, it adds up to almost $30 extra dollars per month, just for taking surveys.
Forum Booster is a third option if you find writing articles and taking surveys unappealing.  Forum Boosters will pay $0.10 for each post you make on an online forum.  This is a really good option for those of us already perusing and posting on forums anyway….  Why not get paid for it?  If you can post sixty posts in 1 hour, you can make $6, not bad for doing what you already like to do online.  It isn’t minimum wage, but you don’t have to pay for gas or even get dressed for work!  You can work at home in your pajamas with a cup of coffee if you like while posting on these forums.  The minimum number of words for each post is at least 12, which is not difficult.
Of course, there are other of ways to make money quickly online, but these are the best of the best.…

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Business Plan

Love and Money – How to Be a Team Player When It Comes To Money for Married Female Entrepreneurs

When we talk about money with our spouses one of the biggest challenges that often comes up is that we feel like every time we have a money conversation that we have to suit up and prepare to go out to battle. If we’re women entrepreneurs, we feel like our spouse doesn’t understand the importance of reinvesting money in our businesses. If we have different spending behaviors or money management styles than our spouses this can become a major source of conflict and tension.
It’s easy to forget in these moments of conflict that we are actually on the same team. Instead we find ourselves indulging in the “All About Me Syndrome” and we forget that the person we are going to war with is our spouse – the person that we loved and adored so much that we chose to enter into the commitment of marriage.
So the question becomes how can you and your husband begin to work as an inspired financial teamA� together? Especially when you’re in the middle of an argument and remembering that you’re on the same team is the very last thing that you feel inspired to remember in the moment.
When my husband and I first got married, we talked about creating a vision for our marriage and our financial lives. We came up with an inspiration to be a “World Class Winning Team.” I remember shortly after we created our vision we found ourselves having an argument. In a brief moment of clarity I asked myself internally, “How would a wife who was being a real team player handle this situation with her husband?”
Immediately the answer came to me, “She would listen without judgment or blame and she would completely hear her partner’s position and share her thoughts lovingly and calmly.” I was able to immediately integrate my inspiration. I chose to listen to my husband in the moment instead of stubbornly resisting what he had to say.
And then a surprising thing occurred, because I showed up in an open and receptive way, my husband’s defensiveness completely dropped and we ended up having a very connecting and productive financial conversation.
How can you become more of a team player with your spouse? Begin to explore where you consistently become defensive in your money conversations. Ask yourself “Where have I been engaging in money conversations as if ‘it’s all about me?'” This will support you in taking the first steps to becoming more of team player when it comes to having peacefully and productive money conversations with your spouse.…

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Business Checks

Advice From The Pros On How To Make Money Online

Many more people are switching to making their money online. While there are hundreds of options online to make money with, it’s important to understand that some are not legitimate or pay very poorly. You have to have some clue to what you go about doing if you really want to be successful on the Internet. Keep reading for some solid advice.

What is your niche? Are you a writer? Market yourself personally as a content provider. Are you good at making graphics? A lot of folks might hire you for website or document projects. Introspection will help you along.

You really can make money online, and to get started you only need to do a quick Internet search on “make money online.” This will result in a lengthy list of possibilities. After you locate something that you’re interested in, you should look and do some research on how well reviewed that company is. Remain cautiously optimistic as you learn about different companies and methods that work.

Don’t pay money to start earning money online. Legitimate companies won’t ask for money in order for you to work for them. If a business takes your money, it is probably not going to do anything for you in return. Try not to get tangled with these companies.

Utilize your writing talents to write an ebook to sell online. This makes you come off as an expert and allows you to make more money as well. For example, publish an e-book filled with your favorite family recipes.

Make yourself available to advertise things for other people. This can generate a lot of revenue. If, for instance, you operate a blog with a large following, ad space on your site is probably worth quite a pretty penny to the right advertisers. This advertisement will offer a redirect to your readers. They will land on the affiliate company’s site, where they will find offers to purchase.

To make money via the Internet, turn to affiliate marketing. Establish a website that attracts a lot of traffic. Find a topic that you are interested in writing about. Then look for affiliate marketing opportunities that fit that topic. You will make money from what your viewers buy.

Consider writing and publishing an eBook on Amazon. This is relatively new, but it is becoming more and more lucrative for writers. Publishing a book is a wonderful money-making opportunity. You’ll find many self-publishing houses online, some with commissions up to 70% of the sale price.

Having your book published is one good way of making money online. You can sell it in digital form on a site such as Amazon. Several people make money from this.

As you now know, the Internet has more than one way to make money. If you have a good foundation of knowledge, you have what it takes to make money through the Internet. You might even make more online than you do at your job. Learn everything you can about making money online and begin today.…

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The Business

In Order To Earn Your Money Online, Use These Tips

You may want to earn money online, but you need to learn a few important things first. There are many options, and you don’t want to get confused and pick something that wastes your time. Luckily here’s some excellent advice that can help you make a difference with your efforts.

Finding the right niche for your talents is the best way to earn income online. Do you think you are a good writer? Then sell yourself as someone who writes content. Do you like doing graphic design? Many people will hire you to work on their sites or documents. Look at what you do best and position it on the web.

Writer’s may find that IfoBarrel or Squidoo’s revenue sharing system is a good fit for them. These sites allow you to write about the things you like and get a share of the revenue. They both allow you to use Amazon’s affiliate marketing program for even greater earning potential.

Make a daily schedule. If you want to make a good income online, you must pursue it relentlessly. You won’t make a ton in a short time. You have to work hard daily. Schedule time each day to work online. Just an hour everyday can go a long way.

Consider surveys as an option. There are many different surveys you can take. You can earn a decent amount of money just filling out surveys in your free time. Usually, these surveys don’t pay a lot. However, these things are easy and the cash you could make will surely add up.

You may need to identify yourself before you can work online. Many places expect you to provide the same identification and validation as if you were working in person at a brick-and-mortar place. You can either scan your ID in yourself or have your ID scanned at a local Kinkos store for this purpose.

Try searching online to learn how to make money online. There will be many different things you find. When you do find something that interests you, try researching the company thoroughly. Be cautious to protect yourself.

Use your free time wisely. There are some things that you could do online that take very little focus. For example, surveys and other small tasks can be accomplished without a lot of effort. Do a few tasks while you’re watching television. Although you may not make a lot of money from these tasks, they add up while you are watching television.

Legitimate online jobs exist and you should NOT have to pay anything to a company to access them. You do not want a business that takes money from you. Any company that does is likely in it just to take the fee and run. Avoid companies such as these.

You surely see that with a bit of work, you really can make money on the Internet. This article should have helped you with that, and in the end everything will work out. Just make sure you don’t rush through this and to put these tips to good use.…