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Posts Tagged ‘business plan’

Choosing A Make Money Business Legal Structure

Sole Proprietorship
This is the most popular form of small business and, as the name implies, ownership is totally vested with one person. It is the easiest to establish since no legal formalities are necessary. The only business requirement may be a license from your local jurisdiction to allow you to conduct the type of business you are planning. For example, you may need a license to sell food to the public.

Sole Proprietorship Advantages:
1. Easy and quick and usually the least ex-pensive to establish.

2. You have total ownership and control of the business.

3. All the profits …

10 Ways “Solo Flyers” Accelerate Their Sales

1. Get real clear on the financial targets. Ask yourself:

  • How much do I really want to earn?
  • How much do I really need to spend on the business? (See below.)
  • How much do I really need to have fun for myself?
  • How much money is left?
  • Is that the number I have to keep in the bank so I can sleep at night?

2. Do only what you love. The rest, delegate to partners, employees and competitors.

3. Ensure that there is a market demand for what you love to do.

4. Do it with the people that you

Tips To Create A Business Plan

By Dr Philip E. Humbert

One of the key challenges for any business is to remain focused and invest resources for maximum pay-off. It’s said that 80% of a business’s activity accounts for only 20% of total profits. In plain language, most of the work we do is unfocused, poorly designed and ineffective. In today’s competitive world, no business, whether it’s an individual professional or a large manufacturing operation, can survive with that much lost time and wasted effort. A business plan can help, but most small business owners (and some managers/supervisors) hate doing them! In the spirit that any …

Ways to Create and Manage Opportunity

Most of us are used to the concepts of risk management or time management. Many of the same principles can be applied to creating and responding to opportunities. Instead of thinking of opportunities as just “coming along”, you can actually increase the number of opportunities available to you, and there are specific principles you can use to assess whether a “possibility” has real “probability” and “profitability” for you. In times of rapid change, increasing the number of options you have available, and a system for prioritizing and responding to possibilities are critical business functions.

  1. Enlarge your circle of friends. To

Finding The Right Home-Based Business

By Julie Frost

Over the years, many people have said to me “I’d love to start a home-based business, but which kind would be the right one for me?” The answer is difficult, as it is different for just about everyone. I looked for five years before finding the right home-based business, only to find out two years later, that it really wasn’t the right business after all! I searched high and low, read just about every book on the subject, and still found myself struggling to find the ‘right’ biz! Luckily time and experience finally led me to that …