Have you ever had an award for a company? Ceremonies, where they share the results of the various sales team members and hand out glass and plastic cups for sales success? These ceremonies are usually thought of as morale boosters. You reward people for their hard work over the past quarter or year. After all, it’s nice to be appreciated and receive public recognition. Even if only one certificate in a frame, it feels good, is not it?
It’s nice when the president of your company recognizes your achievements. Sometimes you might have asked if they knew you existed! How do you go from the stage, what do you think? Are you really satisfied with this plastic trophy? Helps you pay your bills?
Not that there’s anything wrong with trophies, but they will not help you go on vacation. The antlers are not your children through college. Most of these trophies and awards are based off of gross income. How much of this income, you take home? What was your net income?
While most companies focus on gross income, it is your net income that you determined your lifestyle. It is your net income, which allows you to achieve your true goals. Instead of your goals in the gross income, a focus on keeping your net income.
Consider a strategy that you focus on the annual surplus forces. To increase the money that ends in your checking account, you should live to the following two rules: Read more...
Can someone build a successful online small business while still holding a full-time job and playing a main role within one’s family?
I think it is possible, but you need to be highly motivated and highly focused on your online small business in your limited periods of free time. You also need to determine what tasks you are aiming to accomplish for your business every single day.
In order to stay motivated and focused you will have to spend time on motivational and long-term business building planning activities.
It will also be important that you keep your business running during busy periods, so doing some micro-planning on a day-to-day basis will be essential. Let’s look at this in more detail:
1. Business Motivation And Long-Term Planning.
Maintaining enthusiasm will help you if you know why you are building your online small business. Your reasoning should be more than just to make some extra money. This is about setting down and writing on paper a huge goal of yours that is both definite and inspiring.
Napoleon Hill called it, “a keen pulsating DESIRE” which is DEFINITE and which “transcends everything else.”
Whatever motivates you, write it down and review it every day. Obsession is a good thing in this case. Get in a habit of obsessing over your definite and transcendent desire. This will feed your motivation to move your business forward even during a busy week because your business is what is going to get you where you want to go in terms of achieving your definite desire. Read more...
Small business loans are designed to suit the needs of small businesses. US Small Business Administration is an organization which helps entrepreneurs to realize the dream of owning businesses. Following this mission they assist from planning your business, guiding you at each step. Their expertise helps you eliminate all possible wrong steps a first time. Getting a small business loan involves a fair amount of planning on the business front and on appraisal. If it is small business start up loan you are looking for, you must have a thorough knowledge of the trade, the place you want to start yours from including some knowledge about your competitors. This is what they call SWOT analysis which is a kind of analyzing your strength, weakness, opportunities and threat you expect from the market and your competitors beforehand.
People seeking small business start up loans need to work out their documentation error free as this makes sense to draw out a check list of the documents that are required to be submitted along with the loan application.
Some of the documents one can need to enclose with the applications are:
Business profile – A definition of your proposed business plan
Purpose of the loan – a complete detailed statement
Personal financial statements – For those with above 20% holdings.
Separate statements -for receivables and payables up to 90 days.
Prediction of Cash flow
Collateral Read more...
Looking at starting a home based business? It is estimated that each day nearly 200,000 new people log on to the Internet for the first time. Starting a home based business is a fantastic way to earn additional income part time or full time. You can build six figures or higher residual income by using your home computer and a few hours of your spare time each week. Many state that you need very little resources to start a home business and you can work the hours that are best for you, this may be true. Developing an opportunity mindset is one key to your success. Your business success is largely determined by your thoughts. There are many false promises to those who do not complete due diligence in researching the right home business fit. Many spend a lot of resources (be it time or financial) in building their home business only to become frustrated because it isn’t a success. The Small Business Administration “reports that small business make up 99% of the 26.9 million businesses in the United States, they also report that seven out of ten businesses fail within the first two years and about half again fail within the first five.” So why do you want to start a home business? What is an important factor in becoming a success? Marketing, not only marketing your home business but the need to market yourself, create a brand. A profound question that many who start small businesses do not ask themselves, when marketing to the public is how do I brand myself? What is it you do that will make you stand out from the competition? Why are you the leader in your profession or market? How is your small business going to help your clients or customers? Read more...