When To Know Your Business Needs Revamping

Copyright © Dennis Koray
http://www.3stepsecret.com

When To Know Your Business Needs Revamping

Is your business steadily growing or is it slowly falling apart? Are profits less than last year or the year before that? Is the market for your services still out there? Are you not getting the business like you did before? Maybe it is time for a change or just some revamping what you already have.

Check out the basics and see if they can be improved. Is your web site and/or brochure colorful and interesting? Do they focus on your business and it's services? That's okay, but does it really provide an understanding of a client's concerns or issues? Try reading them as a future client, instead of a business owner. Would you use this business based on the brochure or website?

Another area to examine is your marketing team. Do they explain your services in depth?
Are you matching you competitors? Are they "cold" calling new prospects each month? Do they continue to follow up with them on a regular basis? Are they explaining the uniqueness of your company?

Making sure you are focusing on solving the client's issues and situations is more important, than making your company look good.

Advertising is another area to check for "staleness". Is it flashy and very loud? Is it bland and boring? Shake it up a little bit. Client testimonies with a ring of honest, make for good advertising. Pictures of finished projects speak volumes about your work. Another avenue to use is having someone from your marketing or sales team present papers at various business related events. The paper doesn't have to be specifically about your company, but will get your company name out there to the public. When giving a paper, just make sure it is not loaded with facts and figures, but establish a mutual understanding of the issue.

If your business has been revamped and you are not bringing in the clientele that you were prior to the need to revamp, then maybe it's time to consider a change in the products or services that you offer. It may be beneficial to you to add a small service to your original company. This small increase maybe the key to returning the customers to your front door. It is possible that you may offer services that are time consuming, that are not necessary, and do not bring in the revenue that you want. These are services that you might consider dropping from your business.

Revamping your personal business maybe just what you need to return bring in return
customers. It may also bring the business out of the financial slump you are in. This may be your chance to feel rejuvenated and get excited about owning your own business again.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.MyFortuneFormula.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

What Your College Professor Didn’t Tell You About Running A Business

Copyright © Dennis Koray
http://www.3stepsecret.com

What Your College Professor Didn’t Tell You About Running A Business

There are many things that you probably aren’t aware of that you are going to have to know as you embark on the process of running your own business. First of all, remember that your college professors probably gave you lots of good advice when it comes to running your business, and there is probably a lot that they told you about how to do things and when to do things. However, you know that there are many things that you weren’t told, and some of these things are very important.

It’s Hard!

You probably weren’t told this, but running your own business is hard. Not just slightly hard, but really hard. When you start out, you are going to have to have a period of time in which you have no money – in fact, in which you are losing money. Businesses need start up costs, and in order to make money you are going to have to spend money. This is hard because you are going to have to eat into your savings and probably take out some loans to cover it.

No Sleep!

The other thing you might not have been told is that as you are running a business, you might not be sleeping very much. When you first start out, you probably don’t have enough money to hire anyone, which means that you have to be in charge of everything. You have to set up a website, coordinate emails and orders, fill the orders, make or ship the product, collect the money, keep track of all of the taxes, and be sure that you do this all in a manner that speaks highly of you and makes others want to continue to use your business. Count on not getting very much sleep for awhile, because as you start to run your business you are probably going to be sleep deprived, and this is probably going to last for quite some time.

Remember though, that it is going to be worth it. No matter how hard it seems now, and no matter how much you have to do at the start, when you have your home business up and running and it begins to be a profit to you, you are going to find that it is completely worth it. You can set your own hours, take care of your business the way that you want to, and you can be completely in charge of your financial future. This is a fantastic place to be, and you can be there – if only you have the strength to get yourself through the hard parts at the beginning.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.MyFortuneFormula.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

What to Do When You Feel like Quitting Your Business

Copyright © Dennis Koray
http://www.3stepsecret.com

What to Do When You Feel like Quitting Your Business

Have you had it? Ready to pack it in and start sending out resumes again? Sometimes working for yourselves turns out different than you expected. Don't throw in the towel yet. Step back and get a new perspective on working.

It's time to motivate yourself. Don't throw away what you have accomplished so far. All small business owners get frustrated at some point in time. A lot of small businesses fail due to owner burnout. What can you do to get out of the rut? Here are a few ideas. Being stressed out is a big factor in wanting to quit. Try taking a few deep breaths. Deep breathing relaxes the mind and body. You might want to try some form of exercise daily.

A massage once a week s also a great stress reliever. Maybe it is time to turn the computer offor take a break from your work. Get away for a few minutes or even a few days. Getting out of your element will refresh you. Try a picnic, a weekend camping trip or a few days at the beach. Taking your mind off of business can and will refresh you.

Don't have the ability to leave home for a while? Try some motivational reading. There are lots of books out there about successful business owners. Exploring how others have overcome their obstacles may help you overcome your own. Reading how others have decided not to quit, can make you decide not to quit, either.

Now is not the time to give up. You could be only one step away from success. Don't get desperate. Desperation can get in the way of your reasonable thinking. Keep taking those steps. You never know when the next step will lead to success. Try telling yourself you are a winner. Winners don't quit. You have to tell yourself that you are a winner and believe it. If you don't believe in yourself, then no one else will.

Deciding to keep your business is a step in the right direction. You must realize that there is no "quick fix." Succeeding involves your emotions, desires, thoughts or focus, and your beliefs. Be sure to nurture each of these areas. Each successful business person goes through processes to feed each of these areas. It is up to you to find what successfully feeds each of yours.

Motivation is the driving force to succeeding. You will need to learn to motivate yourself each day. Learn to respect the challenge and invent your energy in your under taking. Overhaul your beliefs, journal log your experiences and read lots of books on your subject. The biggest thing is to have lots and lots of patience. Believe in yourself and go out and succeed.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.MyFortuneFormula.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

What Is A Business Plan?

Copyright © Dennis Koray
http://www.3stepsecret.com

What Is A Business Plan?

When you have a home business, you might not have thought about a business plan, but you are going to need one, and you should do your best to make sure that you have one set up before you start with your business. This is something that you need, no matter what type of business you have, and no matter how you plan on going about your future with the home business. A business plan is going to be a must, so be sure that you have one set up.

What Is It

When it comes to your business, you are going to need a business plan. Remember that a home business is always going to either offer a product or offer a service in exchange for money. This is an over-simplification, but it is the one rule that you can stand by. You need to be able to make money, so you need people to pay you for your service or for whatever item you sell. The business plan, then, is a way of setting this up and making sure that it is going to work. In your home business plan you are going to want to list the service or product that your business is going to provide, and how much you are going to be paid for it, minus how much you are going to need to pay to either put the product together or deliver your service.

The idea of a business plan, therefore, is to write down what you are selling, how much you are selling it for, and how much it is going to cost you to do whatever it is that your business is doing. By looking at the figures you come up with in your business plan, you can actually see what kinds of profits you can think about having, and you can decide whether or not your business is going to be a success.

Of course, a good business plan is going to be able to be modified whenever you need to make changes in your business. It isn’t something that should remain set in stone, because the business that can’t grow is going to end up in a lot of trouble. This means that you have to take pains to be sure that you are developing a business plan, and a business, that can actually change and grow with the times. This is something that is very important for you to remember when you are putting your business plan together. As long as it makes sense, and as long as it can grow and change, your business plan is only going to lead to your success in your home business.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.myfortuneformula.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

The Risks Of Running A Business Yourself

Copyright © Dennis Koray
http://www.3stepsecret.com

The Risks Of Running A Business Yourself

Running your own business can be a challenge, but it can also be frustrating. If you don't have experience in running a business yourself, you may find yourself with more problems than you can handle, especially if you choose an area in which you are not familiar. Because of the risks of running a business, it's important that you make sure you develop as much knowledge as possible before you venture into the world of the unknown.

Running a business yourself has both risks and bonuses, with one of the greatest risks being the fact that you are now in charge of your own destiny. There is no employer to provide a paycheck or benefits; it's all up to you. That means that you must make certain that you bring in enough work to take care of your financial needs, something that can create a great deal of stress, especially if you are the only wage earner. Some fields are routinely busier than others, and thus not as volatile to downturns in the economy. Unless you are in one of those field, or are a professional such as an accountant or a lawyer, you want to be sure that you have some cash set aside before you give up your full-time job to start a business of your own.

Another risk of owning a business is that of losing your personal possessions, especially your home, over business debts. It's important, even if you are operating a home-based business, to make sure that you protect your personal assets from business seizure by incorporating. If your business is rather small, it may not be of much importance, but if you're running a rather substantial business, especially one that involves the purchase or any kind of products and supplies on a credit plan, make sure that you pay for the extra protecting your personal assets from seizures. You must follow the laws in your individual states because not all states have the same regulations. However, if your state is one of those that only allows business creditors to touch property that is assigned to the business, you definitely want to consider that as an option.

Loss of income due to illness is another risk involved in owning your own business. You are no longer protected by the employer's sick time and short time disability, so you have to assume those risks on your own either by setting money aside in case the need arises or investing in insurance to protect you from those kinds of things. The same holds true for health insurance—having a business means that you are responsible for all of the costs of your health and illnesses. It also means that unless you have others working for you that if you aren't able to work, there will be no money coming into the household from the business.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Teen Business That Grow Into An Adult Business

Copyright © Dennis Koray
http://www.3stepsecret.com

Teen Business That Grow Into An Adult Business

Having a small business can be very challenging as well as enjoyable for kids. More than ten years ago, selling lemonades, cleaning lawns, delivering newspapers, selling cookies and other forms of enterprises keep teenage entrepreneurs busy. As the years pass by, young entrepreneurs evolved and some graduated from the traditional businesses of selling cookies and cleaning lawns to become full fledge business people. As these enterprising kids grow up, most of these enterprising kids continued their business and become successful at it.

One of the best examples of a teenage business that grows into an adult business is that little girl who used to sell cookies around the neighborhood and grew up to be the proud owner of two successful bakeshops across town. From earning a few coins selling cookies each summer around the neighborhood, that little turned her business into something that brings about thousands of dollars in profit every year. The secret of her success is that at an early age, she was already exposed to the nitty-gritty of finding good suppliers of ingredients for her small business and had established a good relationship with these suppliers. Furthermore, when she was still a teenager and do not have any pressing needs to earn a living on her own, she had all the time to experiment in baking different types of cookies and pastries that she was able to come up with some really good recipes.

Advantages of Starting Young

There are many advantages of getting into business at a very young age. Teenage entrepreneurs learn their trade early and had more time to hone their business skills. After years of engaging in their teenage businesses, these young people develop a system of their own when it comes to handling their business affairs. These systems will then play a vital role when the teenager later on decide to pursue his or her teenage business and turn it into a full fledge adult business. According to studies, most young entrepreneurs used the skills that they learned early on to expand their business when they get older.

Another advantage of starting a business at an early age is that teenage entrepreneurs gain loyal customers over the years. It is not uncommon for people around the neighborhood to feel an affinity for the young entrepreneur thus they will not really think twice when it comes to supporting the younger entrepreneur. Since teenage entrepreneurs have already established rapport and good relationships with their clients, keeping these clients will not really be hard for them. In fact, some loyal clients will prove to be very useful when it comes to advertising the business expansion of the young entrepreneur. Note that a good word from a very satisfied customer will always bring in more business.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Taking Risks, While Making Money With Your Business

Copyright © Dennis Koray
http://www.3stepsecret.com

Taking Risks, While Making Money With Your Business

At sometime in everyone's life, they dream of being their own boss, owning their own
company. The trick to being your own boss is to enjoy what you are doing and making money at the same time. Starting your own business as a risk, but learning to minimize the risks is using your head.

Evaluate your talents. Select a career that uses your creativity and talent helps
insure your chance of success. Doing what you enjoy will prolong your interest in your
work. It also guarantees that what you are doing is not exactly like anyone else. Stepping out on your own means no more company benefits. One of the biggest benefits is insurance. Select several insurance policies to protect you for different areas of your business, Make sure you get enough life insurance to cover your family's obligations, if something should happen to you. Disability insurance is good in case of illnesses or accidents. Some insurance companies give discounts for multiple policies. Taking a partner will help minimize the risk of starting your own business. Find someone who shares your passions and skills. A friend or acquaintance who enjoys doing what you enjoy makes a great business partner.

Do your research. Explore different possibilities. Is one side of town better than
another? Do you want to use your home ass your home base or rent a place? Which fabric works better, ca everyone use this product, etc. Using other peoples experiences will reduce your chances of failure. Get rid of all your negative thoughts. Relax. Be optimistic. Focus your thoughts towards setting and obtaining your goals. Learn to prioritize your time, money and abilities. While spending a great deal of your time working towards your goal, take some time for yourself. By doing this, you won't become burnt out.

Do you need luck to succeed? Maybe a little, but don't depend on it. Get some training in areas that you don't necessarily know, such as accounting or management. Make a yearly plan and reexamine it periodically. Luck is a matter of odds. Do what you can to improve yours. Learn to act accordingly, in times of uncertainty. It doesn't hurt to play it a little safe at the beginning. Start out with small risks, then move to larger ones. Items that seem impossible at first, may seem smaller with time and more experience. Get some feedback from others. You never know when a good idea will surface from a comment made in passing.

Take that jump, step out to a new future. Just remember to plan, organize and work
hard. Most of all stop dreaming and make that dream a reality.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Small Business Organizations To Join

Copyright © Dennis Koray
http://www.3stepsecret.com

Small Business Organizations To Join

For the small business owner, keeping up with all of the available benefits can be difficult. In addition, how does one meet the requirements for a minimum number of employees in order to find good rates on insurance? Unlike the larger companies, it's not as simple as calling someone and knowing you qualify to participate. Many insurance plans require a minimum number of participants in order to offer group rates, so oftentimes the small business owner is left in the cold.

This is the point where a small busine4ss can take advantage of some of the various organizations that exist just for them. Various organizations offer different benefits for the small business organization, including those who come together as an association so that small business can take advantage of benefits previously only offered to large businesses. For examples, some credit unions offer insurance benefits to their members at group rates, while labor unions quite frequently have plans already in place for their members, no matter the size of the individual organization.

Each existing small business organization has its own function and plan for helping the small business owner. Some offer training in order for the business to grow in its knowledge of the product it produces, while others offer working capital to allow the business to develop and flourish. The government operates some of these organizations, while others are privately owned or non-profit organizations that are funded by major corporations. Whatever the needs may be for a small business, there is an organization there to meet those needs. The difficulty is not in an organization being in operation to assist with those needs, but for the small business owner to have the capability of locating these organizations when he needs the information. Thanks to the Internet, this process has become easier, but for a start up business, access to online sources may not always be an option. Fortunately for those who do not have online access, or choose not to utilize it, various books and publications are available to assist a small business in locating organizations that are specifically geared toward helping small businesses succeed.

When you re just starting out, it is very difficult to know all of the places to search for information, so another good source of information is your local university. Quite often the business development centers of the universities offer many different services to small businesses in the private sector. This includes information about start up funding, different types of financing based upon the scope of the business and its ownership, and training in essential areas of business ownership. In some areas, these classes are even sponsored in cooperation with the Small Business Administration and other small business development organizations.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Should You Attend Home Business Seminars When Starting A Business?

Copyright © Dennis Koray
http://www.3stepsecret.com

Should You Attend Home Business Seminars When Starting A Business?

When a person is getting ready to start a business, whether a home-based business or one in the traditional brick and mortar building, they should consider attending business seminars. Regardless of the amount of experience they have, there are always things to be learned from others. The type of business being started there are numerous common issues that all businesses will face and professionals offering advice may be able to present new points of view for old problems.

For those beginning a business for the first time, the best seminar they can attend would be on time management, learning how effectively to share time between the business and the family. Developing an efficient work-life balance will not only benefit the business but may also save a marriage and other family relationships. Everyone knows that when a new business is started there is a lot of work to be done, and the owner will spend more time working for themselves than when working for someone else, but learning how to manage the time can help save a lot of stress.

Making decisions will be vital part of every business and while some may seem insignificant, such as where to buy copy paper, others may have an impact on more than only the person making the decision. The attitude of being the business owner and only their opinion matters will not last long in the business environment. Attending home business seminars when starting a business can show how some decisions may affect suppliers and customers as well as employees. By attending decision-making seminars the best ways to communicate the changes can be learned.

Many times when running your home business there will be some issues that may seem pretty complex and difficult to solve. Business seminars on problem solving can outline ways to see problems from different angles and approach them from different perspectives in order to each a conclusion that will benefit all the people affected by the decision. Additionally, with business seminars you can also learn how effectively to brainstorm with others to reach a conclusion and develop a plan to fix the problem.

One of the most important parts of operating a home business is communications since most of it may be by telephone or email and effectively communicating your point on any issue will help insure others understand the point being made. Communications seminars can also be related to family members, especially when the line because I said so does not work anymore.

Creativity and changes in the workplace are also typically offered for business owners to help them through the progress of business growth. Whether through self-development courses or group business seminars, every business owner should take advantage of every opportunity to learn more about the basics as well as the fine points of running a home business.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Should Relatives Go into Business Together?

Copyright © Dennis Koray
http://www.3stepsecret.com

Should Relatives Go into Business Together?

There are many asking if relatives should go into business together and the answer is elusive for many reasons. Depending on how closely related they are and how close they are personally can have a direct effect on their ability to work together as equal partners in a business. Different people have different personalities and the person with the most dominant personality will end up being in charge, whether planned or not, which can cause friction when running a business together.

If the relatives have known each other a long time and are well acquainted, they should already know who the stronger of two is, but in a business managing by intimidation is never a good performance standard. Before entering the business climate, they have to talk through the good and bad of being in business together, knowing that if they end up unable to work things out it will now only wreck a friendship, but can cause discord within the entire families with people taking sides in any dispute. However, they will still be related when it is over.

Being in a business as a “family” may have worked for the so-called mob, but in that scenario there was a firmly entrenched order and violations of that order had very swift and severe consequences. Not the management flow chart that operate a successful business. If persons hoping to go into business together cannot agree on the basics of who will be in charge of what, then the answer is no, relatives should not go into business together,

Family members with similar personalities often find themselves unemployed and view going into business together as a viable means to support their families. Understanding the strengths and weakness of both, they can use that to establish a management chart to determine who will be in charge of what aspect of running the business. They may also find there are portions of running the business with which they have no experience and may need another person to help fulfill those needs.

By sitting down and outlining the needs of starting a business and what each person can bring to the business table, they will be better prepared to deal with any issues that arise with being related in operating the same business. There will be conflicts as there are in any business relationship, but the fact they are related should never enter any business-related discussion. Additionally, there must be the attitude of what happens at work stays at work. Complaining to the spouse or other family members can lead to inner-family arguments that probably are not worth fighting over in the first place.

One of the biggest problems faced when relatives are in business together may be in scheduling. When there is a family function, both people will most likely want to attend and as owners of the business should not be a problem, but there may be times when the needs of the business require one to be available, the need to work out who will go and who will work may rock the relationship boat.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Running Your Home Business Like A Business…Not A Hobby

Copyright © Dennis Koray
http://www.3stepsecret.com

Running Your Home Business Like A Business…Not A Hobby

There are many different reasons that you might want to run a home business – and one of the biggest reasons that lot of people turn to this route is that they want to be doing something that they love. Most people who start a home business do it with something in mind that they really are passionate about, or something that they love to do. The general idea is that if you are going to be working from home, you might as well be doing something that you really love to do, and you might as well actually be able to enjoy yourself while you are doing it.

There are many reasons that this is great – you are doing something that you love, so there really isn’t any stress or pressure because you are making money off of what you love. However, when it comes right down to this, you have to be sure that you are taking care of some of the major business in your life – without turning it into only a hobby. You have to treat your business as a business, no matter how much you love whatever you are doing, and you have to decide that you are going to be smart about your business, and that means running it like a business, not a hobby.

Set Rules

The best way that you can make sure your business is run like a business, and not a hobby, is to set rules for yourself to make sure that you are actually getting the most out of your business. You want to have a set time during the day, and set days of the week, that you are working, and you have to stick to this schedule to make sure that you have enough time to get your work done. You simply don’t want to put it on the backburner and work on it whenever you get around to it, because if you do it that way you will see that you are actually going to be having problems with your home business, and it isn’t really as important to you as it should be. So, setting up work schedules is one way to make sure that is a business, not a hobby.

Another thing that you can be sure to do is to always be as professional as possible. Make sure that you are treating your business like a business. This means that when you go to work, dress like you are going to work. When you talk about your home business, talk about it in a way that tells others you are serious about it and that it means a lot to you. This is very important, and this is part of the reason that you want to make your business a business, not just a hobby.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Running A Home business & Working Full Time Outside Your Home

Copyright © Dennis Koray
http://www.3stepsecret.com

Running A Home business & Working Full Time Outside Your Home

Very few people will claim they are bringing enough money home to meet all their needs and wants. Several will begin a home business to supplement their income while remaining at the full time job outside. This can take a toll on the personal life as well as the health of just about anyone running a home business and working full time outside the home.

One of the first considerations should be is the home business in conflict with the full time job as many employers will not tolerate competition from one of their employees. For example, a person working in a retail environment in nearly any capacity may find themselves in conflict with company policies if they begin an online retail outlet. Or someone working for a carpet cleaning company starting a home business offering cleaning services part time as a home business. Being in conflict often forces the employee to make a choice of keeping their full time job or finding work elsewhere.

There are many home business opportunities available that will not conflict with outside work environments, but the time involved in operating the home business will need to examined to determine if it can be done effectively while working full time. The business operator will only have limited availability as well as time to spend on the business and the time needed to run the business will have to be reallocated from another part of the day.

A person with a family will need to know that any time needed to run the home business will have to come from time usually used for family functions or just spending time with the wife and kids. The full time employer will not tolerate someone spending time on their home business while being paid so dividing the time between work, running the business and family may or may not be worth the extra income from a home business.

In some cases, there are home business opportunities that require little time and enable it to be run at the convenience of the owner. With these jobs time can be arranged in which to run the business without losing time with family and friends, although sacrificing sleep or relaxation time may be necessary. Overall, there will be some sacrifice of time and personal involvement when running a business and working full time outside the home.

Time management will be essential in creating work-life balance as well as remaining organized so as not to allow important aspects of work, home business operation and family slip through the cracks. A single schedule guiding the commitments for all obligations will be needed in order to accomplish everything that needs done and to stay ahead of the work.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Reorganizing Your Business When It’s Just Not Working

Copyright © Dennis Koray
http://www.3stepsecret.com

Reorganizing Your Business When It’s Just Not Working

Sometimes, no matter how hard you try, you will find that your business just doesn’t work the way that you want it to. No matter how well you have done on your business plan, and no matter how much information you have that tells you’re your business is going to work, you are probably going to find yourself in a situation where you need to reorganize your thoughts, as well as some of your business, in order to make sure that it is going to be profitable like you hoped that it would be.

Don’t Get Stuck

One of the most important things that you can do as you own a business is to try hard to not get stuck with the way that the business works and with the way that it is set up. Getting stuck with the way that you think a business should be is a mistake that lots of people make, and it something that can be a disaster to you if you don’t allow yourself to change and grow with the times.

You have to be sure that you are always keeping tabs on your business and that you are evaluating how well it is working and what you can do to make it better. If you come to a point in time in which you don’t think your business is working at all, you are probably going to have to completely reorganize it, no matter how hard this might seem. This is something that you might have to do, and it is something that you are going to want to do because sometimes the only way to save your business is to overhaul it and reorganize it.

The first step in this process is going to be taking a look at your business and seeing what you could perhaps do to make it better. This means that you have to be sure to take a look at the various types of work that is coming in, how you are processing it, and how it is working. This is something that you should be doing on a regular basis. However, if you find that it just isn’t working, this is the time that you are going to want to take to change it so that it works better.

Remember that when you reorganize your business, it isn’t completely like starting from scratch, but you might want to treat it like it is. Take the time to write a business plan that shows you how you can succeed, and then make the changes that need to be made so that your business isn’t failing any more. Don’t be afraid to start completely over on some of your projects, because this just might be the tip that you are all looking for to make sure that you are going to be a success.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Renting Your Office Space Can Be Wise

Copyright © Dennis Koray
http://www.3stepsecret.com

Renting Your Office Space Can Be Wise

When you have a business, there are several things that you want to think about. When you are first starting out, you might decide that you want your business to be at your home, which means that your office would be at home and you’d be dealing with all of your customers through home. Sometimes this makes sense, because you really can get a lot done and you can really take the time to be at home, which means that you can also take the time to do other things that you have always wanted to do. However, there might come a point when your business has grown, or when you are ready to move further forward with your business, and when this happens you might decide that renting out office space is your best option when it comes to where your business is.

Why Rent?

There are many reasons that you might want to think about renting out your office space. First of all, this is something that can be done that is not permanent. If you can find the right kind of lease, you can pretty much determine when you have your office there and when you are done. If you are on a month to month lease, it will mean that if you ever decide you want to move your business back to your home, or change locations, it is fairly easy to do so and doesn’t require a lot of work. This is only one of the advantages to renting your office space.

Another thing that can be great about renting your office space is that this is relatively cheap and can usually be written off as a business expense. This means that you will find there is little to no worry about what you are doing and where the money to do it is coming from. You can find office space quite cheap, and it can be a good way to get your business farther along.

There is another good thing to having your home business located in an office that you are renting. It is often too easy to work too much if you have a home business, because you can always go to your home office and work. This might be good for some jobs, but if you find that you are taking time away from your family, and working too often, moving your office to a rented space is a great way to make sure that your home business hours don’t take over your whole life. If you find that you are having trouble not working for 24 hours straight, moving to a rented office is a great way to stop this and to allow you to have better control over when you work and when you don’t work.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Outsourcing Your Work To Profit More

Copyright © Dennis Koray
http://www.3stepsecret.com

Outsourcing Your Work To Profit More

One of the things that you might want to think about as your home business grows is the idea of outsourcing your work so that you can make more profit. This is a big step for a home business, because most of the home businesses start very small. You might begin by doing all of the work yourself, and this means that you have total control over every aspect of your business. However, because you are just one person, and because you can only do so much, no matter how good you get at your job, you are eventually going to hit a ceiling as far as how much money you can make on your own. When this happens, you have two choices. You can either be content with the amount of money you can make by yourself, or you can begin to outsource your work, and make even more profit.

How It Works

You might think that you are going to lose money by having others do it, because you will have to pay them. However, you have to look at what you can accomplish. If you yourself can produce 100 units of whatever you sell per week, that means that each person you hire can produce 100 units. Even if you have to pay each person that works for you a percentage of the 100 units that you sell because of them, you are getting money for them working for you, because of all of the extra orders that you can take. The best way to outsource is to find people who are just breaking into whatever field your business is located in, because they will be willing to work for less money than you do, because they are just starting out. How it works is that you hire them, and then you continue to take orders as you always have – expect that if you have hired 10 people you can now produce 1000 of whatever you are making instead of simply 100. You pay the people a percentage of what you make on the units, and you keep the rest as profits. This is the best way to build your profits up, and to build your business as well. Eventually you will have to replace some of your employees, because the longer that people work for you, the more experience they are going to get, and when it comes right down to it, eventually you will have to either pay them more, or find other workers who are just starting out and will work for less. However, the longer you do this, the more and more orders you are going to be able to get, and the more employees you can have. As long as you are good at organizing invoices and payment schedules, you can become the head of a huge corporation, and make even more money.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Meeting With Investors About Your Business Idea

Copyright © Dennis Koray
http://www.3stepsecret.com

Meeting With Investors About Your Business Idea

Raising money for your business can be very challenging especially if you are not the type of person who is comfortable marketing your business ideas. If you are one of those people who are not really very good at communicating you ideas verbally, it would be a good idea for you to spend a lot of time and efforts in preparing your business presentation to make sure that you have everything under control. When it comes to preparing your business presentation, you may need to the help of a business presentation expert just to make sure that you are able to get your points across clearly. Always remember that first impressions count when making business presentations so be sure to create a good impression in your potential investors.

When preparing your presentation for your meeting with the investors, make sure that you do not just present your business ideas, you should also them the potential profit that you can derive out of this business idea. Always remember that investors are very much concerned about profits so given them an idea of how you will mostly likely to earn and how it will take you to achieve this goal. Be realistic in your projections. Note that the investors will scrutinize these projections extensively and if they found out that you are bloating your projections, you will most likely lose their trust and their money.

Packaging Yourself

Investors are interested in you and your business. When the investors take a personal interest in you, it will be easier for you to convince then to finance your business venture. It is not uncommon for investors to invest in someone’s business simply because they know and trust that person. On the other hand, there have been cases where investors shy away from a good project simply because they do not like the person present who is making the business presentation. Since you as a person can make a big difference when it comes to convincing potential investors to pour in some money into your business, you make it a point to package yourself in such a way that the investors will like you and trust you. Now, do not attempt to gloss up your appearance. Investors will know it you are being phony so be honest about who you are and what you are.

Potential investors are not just interested in you; they are also interested in the members of your team. If you can bring some of the members of your team with you during your meeting, do so. A lot of investors are very concerned about how your team works so make sure that you demonstrate to them how you deal with the members of your team.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Making Time For Your Kids When You Own A Business

Copyright © Dennis Koray
http://www.3stepsecret.com

Making Time For Your Kids When You Own A Business

When you own a business, no matter if you run it from your home or if you have an office building that your business is located in, making time for your kids is always something that you want to focus on, and it is always something that you are going to be concerned with.

If you want to be able to be there for your kids, you have to be sure that you are making time for them. With a home business, or a small business, this can be very hard because there might often be times in which you simply have to be wherever the business is, and you can’t afford to not be there. This is something that you might find very difficult because if you take time away from your business your business is going to suffer and therefore you won’t have the money to help your kids have the kind of life you want them to have. However, what good is the money for your children if you don’t’ spend enough time with them and you don’t know them very well?

There has to be a balance between spending enough time with your children and spending enough time to make sure that your business is doing well and that you don’t’ have to worry about making money for your children. The best way to do this is to make sure that your business, even if it is located in your home, has regular work hours that you can follow. The best thing for you to do would be to try your hardest to get all of your home business work done while your kids are at school. This is a great way to make sure that your schedules match. IF you work hard, most days you should be able to be done with work for the day when your children get home from school.

However, we all know that with a home business there are some times when this isn’t possible. In order to be a success for your family, you often have to work long hours, and this might cut into the time you have set aside for your family. A good solution for this is to get your family involved in the business. If you have school aged children, they can come to your business after school and do small chores while they wait for you to finish your day of work. This is a great way to get them involved, have them learning, and spend time with them all at once. No matter what your home business is, if you need to work longer days, it is always a good idea to get your children involved, even if all they are doing is taping boxes shut or taking out the trash. They can always do something.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Learning How To Run Your Business From Expert Business People

Copyright © Dennis Koray
http://www.3stepsecret.com

Learning How To Run Your Business From Expert Business People

One of the best things that you can do as you start a business, no matter what you are doing for your business, is to talk to people who are good at this, and people who already have successful businesses. This is a great way to learn about the business world, and to learn how you can fit into your own home business and be a success with the things that you have learned.

Find them

As you go to start your own business, one of the things that you should look for is people who are good at what they do. This might be an older friend or a relative, or someone who started a business a long time ago. No matter who it is, there are going to be valuable things that you can learn from them and you are going to be able to get a great idea about how your business should be run and the things that you can do to make your business even better as you go ahead and try to compete in the world today.

Ask Them

When you have found someone who you can get advice from when it comes to your own business, all that is left is for you to talk to them. Make a list of questions that you want to ask them, and then simply go to talk to them about the things that you want to talk about. This is something that you can do in one day, or even you can do over a longer time period. No matter what, you’ll find that talking to someone who already has been through the things that you are going through is a great way to get some advice and to get some idea of what you should be doing with your life and what you should be doing with your business.

You might even end up finding a mentor who can take you under their wing and who can support you through your business and through your life. This is a great way to network and a great way to build up your skills when it comes to being a networking agent and being someone who is viable and important in the community as a whole. There are many things that you can do to make sure that this happens, and the more than you can do when you are talking to people, the better off you are going to be as you start your own business.

Remember, there are always going to be people who are willing to help you. All that you have to do is to go out and find them wherever you can, and take whatever advice that they have to offer you. You will simply find that this is the best way to be, and that you are going to be able to be very successful.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Learn How To Take A Day Off When Running A Business

Copyright © Dennis Koray
http://www.3stepsecret.com

Learn How To Take A Day Off When Running A Business

When you are running a business, the tendency that you are going to have to fight the most is the one that tells you to work all of the time. It is a funny paradox, because a lot of the time, a person goes into their own business so that they don’t’ have to work so much, and so that they can set their own hours. This happens very often – however, when a person decides to have a home business, what happens next is that they come up with something that they love, and something that they are very passionate about. This, coupled with the fact that the business is now located in their home or very close to their home makes lots of people feel like they should work all of the time. There is a real tendency that you have to fight to work for 24 hours a day and to never take a day off.

Good To Be A hard Worker

First of all, be proud of yourself for wanting to work so hard. If you have found something that you love to do, and you are enjoying your job, that is a great thing for you and for your future. You should feel good about that fact that your job means a lot to you, and you should feel like you have accomplished something by allowing yourself to be happy in your job.

However, you have to remember that no matter how much you like your job, and no matter how happy you are with what you are doing for a living, you simply have to take a day off now and then and you have to give yourself vacations. You might not think that they are necessary if you love your job, but if you don’t give yourself the proper amount of time off, you are going to find that you get burned out much more easily than you would normally do. No matter how much you enjoy what you do, if you don’t take a break now and then, you won’t be able to do it for very long.

The biggest thing that you have to deal with when you are taking days off from a home business is the guilt that goes along with knowing that every moment you are not in your home office, you are missing out on chances to make money and to make your business better. However, you have to remind yourself that part of the reason you are taking control of what you do is that you want to be able to have a flexible schedule. You have to work really hard at letting yourself take time off, and at being okay with that.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

It Doesn't Take A Man To Run A Business: Women Business Owners

Copyright © Dennis Koray
http://www.3stepsecret.com

It Doesn't Take A Man To Run A Business: Women Business Owners

Owning a business used to be a man's world, and many of them still think they have a monopoly on business ownership. The truth is that as more women enter into the world of business ownership, men are finding that they have to compete with an equal partner who knows just as much if not more than he does about running a business. This is likely the result of more women attending college and pursuing degrees in business that make them at least equivalent to a man in terms of business expertise. Certainly many men do not like to admit that, but many women have the personal skills to work better with the public than their male counterparts. As women, and especially mothers, we have more patience when dealing with issues than our male counterparts. This is especially true of a retail business that requires a large amount of problem solving.

Does the fact that more women are beginning to own businesses mean that men will feel more of a competitive edge? Possibly, but then again, having a little competition is good for business, and if a man knows his competition is female, he is quite often having his ego tested, so therefore works harder to overcome the fear of a woman-owned business becoming more profitable. The government knows the potential for women-owned business, and as such, they fall under one of the special categories for funding for minority-owned businesses. Though women are not likely to join the male-dominated construction or car repair-type businesses, they are definitely going to give them a good run for their money in accounting, legal, and medical fields. Law firms, accounting firms, and doctors are all fields once dominated by males, but the last thirty years has shown a boom in the number of women who enter these fields. In fact, statistics indicate that women are better in business math, which gives them an edge over males in the
accounting field. Women are also less likely to back down when pushed into a corner, a quality that makes them good in the legal field. If they are also parents, they are more skilled at determining the guilt or innocence of a client, having faced it at home on many occasions.

With more women opting for business-ownership, men can no longer consider themselves the "experts" in this vocation. In addition, it's something that should not require the use of gender selection in order to determine abilities, but should be based solely on skills. After all, we have evolved beyond the generation when women's sole function was to get married and raise babies. In the 21st century, a woman has an expanded role, and she assumes that role in her rightful place next to every man who is doing the same function.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Is It Possible To Run Your House & A Business?

Copyright © Dennis Koray
http://www.3stepsecret.com

Is It Possible To Run Your House & A Business?

Many people wonder if a home business is for them, and the reason that a lot of people hesitate is because they aren’t sure that they can run a home business, as well as running their home. Part of having a home business is that you should be able to be at home to take care of the things that you normally wouldn’t be able to take care of, at the same time that you are making money off of your home business. However, there are several things that you should think about so that you can do both of these things at once. There are several keys that you can use which will make this process much easier, and if you do it right, you should easily be able to run your home business as well as your home, with very little hassle.

Keep It Real

The first thing that you have to be sure to do is to make time for your home business and to make time for your home as well. When you work from home it is very easy to simply work for days at a time, because since your business is at home it can be open 24 hours a day, especially if you are online. You might be tempted to take on other projects or orders or to do more so that you can make even more money. However, if you don’t set limits for yourself, you’ll find that you aren’t able to run your home as well, at the same time.

In order to avoid this problem, the first thing that you have to be sure you are doing is that you are taking a good look at the hours you want to work. Just like a regular office your home business should have office hours and hours when you are not available. It is simply too easy to work all of the time, even if you need the money. But keeping hours and making sure that you keep them regularly is a good way to make sure that you will also have time to run your home, as well as your home business.

Own Office

The other thing that you have to remember is that you are going to want to be sure that you have your own office space for your home business that is different than your actual home. Even if you devote a corner of your kitchen or living room to your home business, there should be an area that is only fit for your business, which will make it much easier for you to keep the two things separated. If you can keep your home and your home business apart, you’ll have a much better chance of doing them both well.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

Inexpensive Advertising Techniques For Businesses

Copyright © Dennis Koray
http://www.3stepsecret.com

Inexpensive Advertising Techniques For Businesses

When you have a business, you know very well that your advertising is something you have to focus on to make sure that you are getting as much business as possible. If you are trying to advertise your business, you want to be sure that this is something you can do. One of the best ways that you can advertise is to try to do it without spending too much money, because if you spend more money than you should be spending on advertising, it isn’t going to be worth it.

There are several ways that you can advertise inexpensively. The best thing that you can do is to focus on the free advertising that you can get. If you have an online business, this can be even easier, as long as you are willing to take the time to do it. If you can go to chat rooms, blogs, or other interesting places and keep your website or your business name as your signature, even if that is only seen by a few people it is still a free way to advertise. You can also post your name on various threads and in various places that will allow you to post your website.

By large, advertising online is usually very cheap. The key is to find a place online where lots of your customers are going to go. In order to do this, you have to be sure that you know who your demographic is and who is using your business. This might require some work on your part. Once you have identified who the people are that are using your business, you can go to other sites that these people are also going to be using, and you can advertise on these sites, quite easily.

The other way to advertise cheaply is by word of mouth. This might require you to be online for a long time ,simply going to sites and talking about your business and how good it is. This is something that requires time and energy, but in the end you will find that it is actually a very inexpensive way to advertise.

IF you have the time and money, you can also advertise out in the world, not on the internet. This is something that you can do by way of posters, billboards and flyers and by other methods as well. The main idea is that you should find out where your customers are going to be, and locate them, whether it is in the real world or whether it is online. Once you have located your customers, you can go ahead and start advertising in ways that they are going to understand, and ways that they are going to be able to take advantage of.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

How To Write Up A Yearly Business Plan

Copyright © Dennis Koray
http://www.3stepsecret.com

How To Write Up A Yearly Business Plan

It's important to have a business plan for your business each year so that you can see what your needs are for the coming year and to show yourself and the bank how far you have progressed since your original business plan was written. A new business writes a business plan in order to show their intentions to operate and to provide information to financial institutions in support of start up capital and funding for other operations. In most cases, the banks want to see three to five year projections showing your intention for the funding. Depending on the scope of the business, they may only finance the first year, and will want additional proof that the business is progressing along the terms of the original business plan before they will advance any more funds.

Since you are not able to really show much in the way of financial records, having a business plan also shows potential creditors what you anticipate for the future of your business. They can then compare this to your original plan to verify if you are moving along as planned. They do not want to be stuck with an uncollectible loan by advancing funds to a business that has no potential of becoming successful. Even if you are a little behind your original projections, they are able to see if the potential is there for improvement, and may even make suggestions for helping you reach your original goals.

On the other hand, if your progress is way behind original projections, that can be a sign that your business is failing, so it's likely that you will not receive any more funding until you can prove the business is on its way to profitability. It's normal for any business to take three to five years to turn a profit, but if you aren't showing improvement, that is an area for concern. As you enter into your second year, you should be showing less of a loss and more of a profit even if you don't yet show a net gain in income. Even if you aren't looking for additional funding, you should look at this as a warning sign and start making some changes so that you can your business what you originally intended. It may mean your prices are too low, or your expenses are excessive for the amount of business you have and need to be cut. For instance, if you are selling products from a website, investigate what others are charging for the same type of items to see if you are in line with the industry standard in pricing. If you sell services, find out what others are charging for the same service—maybe your prices are too high, and thus people are going elsewhere for the same service. In reality, these should have been checked first, but some people in their haste to begin a business forget the most important step of price comparison.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

How To Stretch Funds When Business Is Slow

Copyright © Dennis Koray
http://www.3stepsecret.com

How To Stretch Funds When Business Is Slow

One of the main things that you have to know about running a home business is that you are going to have to have a plan for how to stretch your money when the business is slow. This is something that you have to worry about no matter what you are doing or what you are selling. There are going to be periods of time in which you simply can’t make ends meet, and it is always a good idea to be able to have some tips as to how you can handle this.

Tips

One of the things that you can do at the very start of your business to make sure that you are going to be able to sail through the times where money is tight is to make sure that you have built these times into your business plan. There should be a part of your business plan that details how you are going to save money when business is booming. You should have a set amount of money that you are putting away each time you are making profit, and these funds should be what you can fall back on during the times where you aren’t making as much money as you thought you’d be able to make.

The other thing that you have to remember is that you should always be on the lookout for savings that you can make. You might want to hire people for occasional work, yet not make them full time employees. This will help you because you can use them when you can afford to pay them and when you have enough work for them to do, but they wont’ expect work all of the time, so when business is slow you can do all of the work yourself and make more money because you don’t have to p ay your employees.

You can also look for ways to save money when business is slow by networking with other small business owners and seeing if there are services that you can trade each other. For instance, if you are a writer, you might want to offer your skills to the owner of a design company in exchange for them giving you some designs for free. If you are able to have enough networking skills, you can find ways to make sure that you are able to stretch the money that you do make in the off seasons as far as it will go.

Remember that you are in control of your home business, which means that you are going to be able to decide what you save and what you spend. Keep this in mind, especially if you have a business that tends to have good days and bad days – like most businesses do. Simply spending less when you have more money allows you to be able to save more for the times when you don’t have too much business.

About the Author:
--------------------------------------------------------------------------
Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
-------------------------------------------------------------------------

How To Make Ends Meet When You Own A Business

Copyright © Dennis Koray
http://www.3stepsecret.com

How To Make Ends Meet When You Own A Business

Although owning your own business may be the "best thing I ever did," it has its drawbacks, especially in the early days. Many people have unrealistic ideas about business ownership, thinking that it's going to provide them this six figure income right from the first day, especially those who buy into a franchise or established retail business. When they find out that they aren't earning the income they thought they would, they begin to worry that they have made a mistake in judgment and worry about making ends meet. Pre-planning solves a great deal of stress that is involved when building your business during its early creation.

The reason many new business owners have trouble making ends meet is because they fail to plan properly for the days that are going to yield less income. On average, it takes a new business anywhere from three to five years to turn a decent profit. That is true even of a franchise since those early days will involve more income going to the franchise corporation than the franchise owner, so you have to make sure that you plan for that. How can you plan for those early lean income days? One thing you can do in the very beginning is make sure that you save more money before you invest in a business so that you have enough cash set aside toward your living expenses until you start earning a profit from your business. If you are leaving a position with another company to start your own business and are entitled to any kind of severance package such as unused vacation or sick time, retirement buyout, or other benefits, put those aside in a special account in case you need them to assist with personal expenses until your business is profitable enough to operate on its own.

One option that some people do not even know exists is that of a loan for operating capital. This means the business owner can borrow money to see him through until the business becomes self-supporting. Even those who know of this option fail to utilize it properly by setting their goals too high, being over-confident about the time frame for building the business to a profitable level, and then have to return to the bank for more operating capital. This should be included in your business plan, and in order to make sure that you have set realistic goals, sit down with a financial advisor or accountant in order to assure that your business plans includes realistic goals for income generation. Making sure you have all of the working capital you need before you open your business saves you not only from hours of worry but also save you the potential of having to prepare another business plan when you require additional funds.

About the Author:
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Dennis Koray is a webdesigner and passionate online marketer
since 2001! To find his best home based business ideas and
opportunities visit his website at:
http://www.DirectMatches.com
To visit his primary business please go to:
http://www.denniskoray.ws
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