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Monthly Archives: January 2017

Find Your True Passion

Did you realize that regardless of the possibility that you’ve had a specific pastime for a considerable length of time you may have the begin of something significant? The main issue is you may as of now have the right stuff and learning that can transform your youngster fun pastime into a full time business.

You see your next cash making opportunity could be directly in front of you. You’re simply might be excessively near your own life to remember it. The truth of the matter is anything that you have a considerable measure of information and enthusiasm about can be an approach to profit; you simply need to research it to make sure you need to do it. What’s more, in the event that you don’t trust me simply do a google look on any subject. I’ll wager you’ll see some individual that has had the sharp thinking to make it a business.

The mystery sauce it investigate who the objective market is (presumably individuals like you) and research how others are acquiring cash in the specialty. Presently here are a couple of thoughts on the most proficient method to start.

1. Make a List — Creating a list of your favorite hobbies and interests is a good way to get started figuring out what your passion is from which you can start earning money. What do you already do today that could possibly earn money? Add each item to your list and start doing the research to find out how you can earn money from something you already love.

2. Examine Long-term Interests — Is there anything you’ve enjoyed, loved, or valued for a long time? Any activity that you can’t stop doing, whether it costs money or not? Whether you’re simply a fan of something or good at something it doesn’t matter. You can look at each of these factors and add them to your list of items to research as a possibility of income opportunities.

3. What Do You Talk About? — Make a list of things that dominate your conversations because that will give you a clue to finding your money making passion. There are many people online making money right now from what they already know. You don’t have to know everything, even if you’re just a beginner, there are others who haven’t yet begun who need to know what you know.

4. Go Online — Start your research online, and end with your business online. Use Google to research the different ideas that you listed from above and find out what others are doing to make money from that niche. Don’t be afraid of competition, in fact, you want competition. If you discover a niche with no competition delve deeper because it might not be a good money maker. Competition is good because that means people are making money.

5. Find a Mentor — Once you’ve identified a few opportunities it’s time to find a mentor or a coach that can help your clarify and go to the next level. It might seem strange to pay someone to push you to that new level but it works a lot better than asking friends or family because they are too close to the situation to do enough justice to your business ideas. A coach or mentor will tell you the truth because they aren’t tied into the relationship but only the goal to help you achieve success.

Salary Vs Equity

At the point when business visionaries choose to dispatch another wander there are two basic principles to take after. Both standards, compensation and value, are clarified and point by point beneath. In any case, the general thought is that business visionaries ought not pay themselves while they are building their business. This timeframe can be characterized by Venture Capitals as the time where the originator constructs the “sweat value.”

Amid the principal year of life of the wander the business person is for the most part centered around building the item. This timeframe is basic and the majority of the capital ought to go towards financing the advancement. Notwithstanding, recall that you have to deal with yourself first keeping in mind the end goal to take your business to the following level. Try not to be covetous; attempt to ensure that you are simply spending on yourself what is essential instead of what is decent to have. Beneath you will have the capacity to discover a framework of both situations.

A) The Salary Of An Entrepreneur

The term “salary” has to do with the reception of any type of regular payments from an employer to an employee. In its technical view, a salary is an agreed upon amount of pay that is to be extended at regular intervals in exchange for the competent performance of specific tasks. Salaries are based not on the number of hours worked, but on general job performance in many countries of the world. In this scheme, the employee perhaps is expected to put in a minimum number of hours, however, he/she may also be available if he or she is needed for additional work.

According to a research, the average salary for an entrepreneur who begins a business is around $39,000-$61,000, which is favorable for anyone who is a fresh graduate from college. In fact, according to the United States Small Business Association (SBA), small businesses in this country provide 40.9% of private sales and employ 50.1% of the private workforce and represent 99.7% of all employers. This is how entrepreneurs are contributing to the economic growth of the country.

The idea of an entrepreneur receiving a salary is ridiculous! It’s common knowledge that a salary is a form of compensation given periodically at a set or pre-determined time. This is usually associated with a worker and an employee relationship. If we apply this term for entrepreneurs, it doesn’t appear to make much sense. Being an entrepreneur means that you own the business, hence, your compensation would be the net profits of the business. An entrepreneur’s salary can be limitless, as it will just depend on the success of the business. The more you profit, the more salary you can give to yourself.

However, there are companies with entrepreneurs that receive or give themselves the title as the chief executive. This time there will be an allocation of some funds for operating expenses charged to an entrepreneur’s salary. An executive salary is a form of compensation that takes on a lot of form or combination of several techniques. An entrepreneur can eventually set other types of remuneration including bonuses, paid expenses, benefits, insurance, long term incentive plans and a lot more.

B) Entrepreneur’s Equity

An entrepreneur’s beginning equity usually comes from family and friends and other reliable sources. The money that was invested in the early stages of the company is called a “seed round of investment.” In fact, seed money helps pay for the business plan and the trial product. In addition to family and friends, there are “angel investors.” Angel investors are usually well-off individuals who provide capital for start-ups, usually in exchange for ownership equity. The friends and family round of financing is considered your own personal relationships with people, yet angel investors are ideally the people you do not know. They are the ones who judged you based on the concept of the business, the team as well as the chance for their investment to push the company to the next stage.

There is also one great value in entrepreneurial strategic alliances. Many choices and types of strategic alliances will help entrepreneurs bring their products to the market. Some advantages of strategic alliances include joint marketing, access to products, enhancements and expanded customer base. Two basic types of strategic alliances are equity and non-equity.

Lastly, equity alliances and partnerships come in many shapes and forms. If you are a technology company you need an equity developer. For a company that is struggling to secure investment funding, Equity Strategic Alliances & Partnerships is the perfect alternative. For the 40% you give to an investor to begin your start up, you could recruit 5 equity partners for less equity to do the same job. Indeed, there are several entrepreneurs who are taking on equity developers to get the start up to begin.

Grow Business Tips

1) Get Organized

Clean out the old and bring on the new. It’s so important to put away last year’s work and start with a clean start for not only you, but your clients too. It can be as simple as going through your client’s folders, putting anything you might need this year in a new folder and everything else stays in their old worn out folder. Put all your client’s 2016 folders together, put a rubber band around them, and put them away marking them 2017. Also make sure that everything is in alphabetical order in your current file system. Never know how by the end of the year that totally slips and the z’s are by the e’s, but it just happens. How awesome to see a-z once again. Now continue this throughout your office. Done!

2) Get a new planner. (Yes, I know you have one already – but don’t skip to the next step just yet.) This planner doesn’t have client work in it. It doesn’t have school functions and times to pick up the kids. This planner is your business growth planner. (Make sure to mark it accordingly.) The planner needs to have each day on a new sheet, divided by hours.

3) Get Planning – Set out time to work your business. In your new planner, for the next month shade in time you plan on working on YOUR business. For me it’s in the morning from 6:30 to 7:30 and then at lunch. I will probably work other times on my business, but this is the time that I have scheduled just for it. I am a morning person and this is when I do my best work. Take that into consideration for your plan. When are you at your best? For just one week write down what you are going to do in that time.Each Friday or over the weekend you are going to take that one step and plan out your next week.

4) Get writing. (You knew as a marketer, I’d say that didn’t you!) You are going to write one article a month. No excuses. With that article you are also going to send it out, add it to your blog, create a couple of tweets from it, and also add it to your newsletter. Can you see the traction you can get with just one article? And don’t forget you can hire a publicity virtual assistant to do this for you.

5) Get Social – Okay, I know you are already on Facebook and Twitter, but this year you are actually going to get more involved. In your planner, you need to schedule time (at least several times a day) to get active on Twitter and Facebook. (Or whatever social media you use.) Schedule the time and then send great quality tweets and tips.

6) Get Help – You just don’t have to do it alone. Hire a virtual assistant or someone who can help you accomplish all these goals. If you have a virtual assistant already, start sending things over to them to do. It’s all about the action steps of getting it done.

7) Get Happy – Remember you own your business for a reason. Enjoy it! Don’t get so caught up in the to do’s and client work to not remember why you are doing this in the first place. Take some time to reflect where you are and just be grateful for being there. Commit to enjoying your business more this year and the rest of all this (the to-dos’, the client work, etc.) will just seem to fall into place.