Are your business licences up to snuff? Now is the time to strike up a relationship with an insurance agent you trust. Be wary of agents who try to load you up with policies. The right agent will value a long-term relationship and will advise you to take out just the policies you need, no matter what your type of business.

Get Your Financials in Order

A common mistake among entrepreneurs is a financial planning. In order not to have a heart attack come tax time, spend some time up front locating a good CPA.

Where to Operate

The location of your business can make or break you — and some of the reasons why may surprise you. Consider all of these factors:

  • State - states on how friendly they are to small business — check it out when deciding which state to set up shop in.
  • Part of town – With retail and restaurant businesses, street traffic can make or your business, but even if you are not in those businesses, consider how rent and “curb appeal” will affect your business.
  • City – Rent and other costs, availability of labor, taxes, regulations and government economic incentives can also vary greatly from city to city, even within the same state. It pays to do your homework!
  • Type of location Do you need office space, retail or warehouse? Retail is generally the most expensive of the three.

Building Your Reputation

Building your reputation when you are first starting out can seem incredibly daunting. It’s the classic chicken and egg problem — you can’t build a reputation before you have customers and customers are what are essential for building a reputation.

Business Partner and Marketing


Almost every aspect in the today’s society is pretty much about consuming, growing, expanding and success. Making money online used to pretty much require you to have your own Web site, products to sell and some marketing savvy. I did a search on “make money online” and “making money online”, and much of the information out there is just promoting various infoproducts, mostly about Internet marketing.

Making money online isn’t as easy as people are sometimes led to believe. The truth is that people are becoming successful millionaires, but it requires lots of time and efforts to be successful.

There seems to be that a new online-millionaire is born every day and the great thing about it is that there are so many ways to achieve it. You just need to find out which one is right for you. Just to name a few well known cases: Mark Zuckerberg the Facebook founder, Drew Houston the founder of DropBox, Sergey Brin and Larry Page the two founders of Google, etc… the list is quite long, but these guys made it happen.

So, let’s start with simple ideas:

Small online tasks

Sites like,, connects online job seekers with providers. So by doing certain things that you are good with you might earn some money. Paid To Click is another online business model that draws online traffic from people aiming to earn money from home.

Sell your goods

Have you got an old mobile phone or computer and don’t know what to do with it? There are lots of opportunities to sell your stuff online.
Sites like amazon, ecommerce, could help you with this. You might create your own web site too and start selling stuff that you don’t need anymore. Why not extend this to buy cheap and sell expensive?

cash flow

A cash flow statement can be one of the most important tools in managing your finances. It tracks all the money flowing in and out of your business and can reveal payment cycles or seasonal trends that require additional cash to cover payments. This cycle or pattern can help you plan ahead and make sure you always have money to cover your payments.

The cash flow pro forma is the most important single financial statement in your business plan. Every business needs an annotated cash flow pro forma reflecting its business idea. If you’re not familiar with cash flow here’s a key point you need to know about it: Positive cash flow = Business survival

Cash flow buys time (if necessary), builds assets and profits, and keeps suppliers, bankers, creditors and investors smiling. Without positive cash flow, business survival becomes questionable. Negative or feebly positive cash flow is painful and, unless corrected, will either kill a business or damage it so seriously that it never lives up to its potential.

On your cash flow statement, list all your incoming and outgoing cash items with the dollar amount for the next 12 months. For instance, some farmers do very well with cash flow that is strongly negative for 11 months of the year. So do some manufacturers (especially in the garment industry). The key is that they know what their cash flow patterns are—and take steps to finance the negative periods, offsetting that cost against the occasional strong positive cash influx from operations. Whether you’ve already started or intending to start, you’ll need to fill in actual or estimated figures against each item. If using estimated costs, you’ll need to label them clearly.

How To Write A Business Plan

A business plan is a written description of your business’s future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope describing your business strategy, you’ve written a plan, or at least the germ of a plan.

A business plan is an essential road map for business success. This living document generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues. Business plans are inherently strategic. You start here, today, with certain resources and abilities

How To Write A Business Plan

The following pages will describe in detail the seven essential sections of a business plan: what you should include, what you shouldn’t include, how to work the numbers and additional resources you can turn to for help. With that in mind, jump right in.

Business Description

The business description usually begins with a short description of the industry. When describing the industry, discuss the present outlook as well as future possibilities. You should also provide information on all the various markets within the industry, including any new products or developments that will benefit or adversely affect your business.

Market Strategies

Market strategies are the result of a meticulous market analysis. A market analysis forces the entrepreneur to become familiar with all aspects of the market so that the target market can be defined and the company can be positioned in order to garner its share of sales.

Competitive Analysis

The purpose of the competitive analysis is to determine the strengths and weaknesses of the competitors within your market, strategies that will provide you with a distinct advantage, the barriers that can be developed in order to prevent competition from entering your market, and any weaknesses that can be exploited within the product development cycle.

Customer Service Skills

How you treat your customers can make the difference between a loyal returning customer who will, through conversations and story-telling, become an ambassador for your organization and a lost opportunity or negative influence for your company, somebody more likely to use your competitor’s services in the future. Without them, you run the risk of finding your business in an embarrassing customer service train-wreck, or simply losing customers as your service continues to let people down.

What is the most important thing you can do to improve relationships with your customers? The answer is as obvious as it is overlooked: improve customer service skills. A strong company will already have great customer relationships. But a smart company will always be asking “What is good customer service?” Your customer service team is often the face of your company, and customers’ experiences will be defined by the skill and quality of the support they receive.

Here are a few customer service tips for identifying ways to better serve customers.

Strengthen your customer service skills

it’s important to make sure that your customer service team has the right skills for your managing customers’ needs.

  • Empathy, patience and consistency. Some customers will be irate. Others will be full of questions. And others will just be chatty. You must know how to handle all of them and provide the same level of service every time.
  • Adaptability. Every customer is different, and some may even seem to change week-to-week. You should be able to handle surprises, sense the customer’s mood and adapt accordingly. This also includes a willingness to learn– providing good customer service is a continuous learning process.

big business

I could not believe my eyes. With the economy spiraling downward, now is the worst possible time to neglect business planning. People do it because they lose track of the fundamentals. Make sure you research the business you’re pitching to, so when you get the opportunity to speak to a buyer you can be clear why your offer will appeal to them. Be concise and demonstrate how your product or service can help them.

Big Business is small business software for inventory and accounting. It automates sales and purchasing, integrates shipping and credit card processing, tracks multiple warehouses and currencies, and streamlines operations and bookkeeping.

It’s a big deal. It’s hard to do

The number one biggest lie in business planning is that a business plan isn’t a business plan unless it’s a complex document containing a full list of components–from the executive summary, company description and management team all the way to detailed financial projections and thorough market and industry research. A business plan doesn’t have to be all of that. A business plan should be only as big as you need to run your business. Only if you need a document called a business plan to show to a banker or investor do you need to make it the full thing.

Planning starts with a plan, but then continues with plan review, tracking and follow-up, which makes it management. And you can have planning without market research or industry analysis, just by focusing on what your strategy is and what the specifics are that you need to do.

Business plans are for startups.


In some cultures, bargaining is the norm. A buyer or seller makes an offer, and the other party either accepts or counters the offer. The two negotiate until they strike a deal or one party walks away.

How do you determine your own salary?

Owning a business is about following your entrepreneurial dream but even so, you still need to earn a living. And, if you were previously employed, it’s unlikely you launched your business to make less money than you did at your last job.

When you’re negotiating your salary with an employer, do you know what you’re doing? Do you have any idea of what you’re truly worth? How Do I Find Out My Worth?To be a good salary negotiator, you must know what a good deal looks like. First, research your fair market value.

Assess your value

Sizing up your own duties will put you in a better position to determine the value you bring to your enterprise. How do your qualifications and experience fit the nature, extent, and scope of your job’s function? How much would need to pay a salaried employee to handle all of your responsibilities or how much would you make if you worked in a similar business as a partner?

Don’t sell yourself short

it’s important to pay yourself a salary large enough to ensure that you’re not always stressed out because you’re unable to meet your personal financial obligations. If you use your hourly commitment to determine your salary, it should reflect the the overtime and extra hours you put in and if, for a period, you choose not to take a salary, you should mark it as a debt your business owes.

Salary as a percentage of profits or revenue

Whether you own a Cold Stone Creamery franchise or the family restaurant, it’s all about the customer. The only way that your business is going to fly is if you find a way to entice consumers to come your way. Once you catch them, you’ve got to keep them coming back. You need to figure out how to dangle a carrot that they can’t resist. Do your job well enough and word of mouth will bring more business your way. Figure out what your customers want and dish it out.

Give Them Top Notch Service
Your customers want to be pampered. They want to feel like they are the most important thing in the world to you. Greet them with a smile and a kind word. Accommodate them in every way possible. Offer personal assistance and help them to meet their needs. Listen attentively and don’t ignore them. When you treat each customer as someone of great value, you’ll find that your efforts will pay off. You’ll see familiar names and faces coming back to you again and again. When they bring more people with them, you’ve done your job well.

Use Technology to Your Advantage
You can’t ignore the power of the Internet. Tap into its potential for yourself. Establish an online presence through a website. If you don’t have a website, you need to get in touch with a talented team of web designers to build a site that embodies the spirit of your business. You want to ensure that you capture web traffic and rank high on search listings. Everyone is going mobile. Make your business accessible to consumers on the go and you’ll see more people knocking at the door. Expand your reach and watch your business grow.

The Australian dollar fell as low as 82.15 US cents overnight, its lowest point since June 2010, after RBA head Glenn Stevens said the currency needed to get down to 75 US cents. US oil prices have tumbled below $US60 a barrel for the first time since July 2009. At 0648 Monday AEDT, West Texas Intermediate crude for January delivery, the US benchmark, was down $US2.11 at $US58.08 a barrel. Brent crude for January has fallen $US1.78 to $US61.44 a barrel.

Australian Financial Review had told probably 85 US cents was better than 95 and if I had to pick a figure now, I would say probably 75 is better than 85. In local economic news on Thursday, the Australian Bureau of Statistics releases November labour force data while the Housing Industry Association’s housing scorecard for December is also due out. In Australia, the market on Wednesday closed lower, thanks to a slump in consumer sentiment and fears commodity prices will continue to tumble.

THE Australian market looks set to open lower following Wall Street’s fall of more than one per cent amid an energy stock sell-off after OPEC cut its forecast on 2015 demand for oil. While the headline trade balance appeared positive, the details were weak. Both exports and imports seriously undershot expectations. Chinese trade data showed exports increased in November by less than expected, while imports unexpectedly dropped, pushing the trade surplus to a record $US54.47 billion.

Australian shares had another poor day, with the free-falling oil price weighing heavily on investor sentiment, but the local market staged a comeback in the afternoon. Cash rate cuts would still have a stimulatory effect on the economy but said he believed interest rate stability was supporting confidence. For Australians it’s not so bad – most of the time – to be so far away, so overlooked, as seemingly insignificant as to almost never factor in major international news.

Lately, newspapers around the world were struck with a very amazing events where the passengers were working together to push the aircraft-a ride that freeze in Russia. An unusual situation occurred in Igarka Airport when the temperature outdoors reaches-50 ° C and makes an aircraft type Tupolev Tu-134 halted suddenly in the middle of the runway while landing. This is due to that used when the land solidifies, so the plane could not move towards the aircraft parking space should be.

This news also provides a business opportunity that was heartening to enough. With this many reviews blog that contains the news so that the blog gets good traffic and it will make money. A blog (short for web blog) is a container in a virtual world contains writings and pictures, a result of the views and experience of the author of the blog (blogger). Whether it’s a political view, view of life, even his view in assessing a food. Over time, many who make this blog as a means of introducing himself, selling products or curriculum vitae himself, which makes others know about his craft.

Here are a few to watch out for:

1. Characteristic

There are countless blogs that are present in the virtual world. You can simply type in a keyword on Google, the blog from so many, so that your blog be known, surely must have characteristic. This characteristic that will differentiate your blog from other blogs. The results when writing in his blog, readers favored the Publisher any glance at it. And the journey on her blog became a book many times reprinted.

2. Believe in yourself

Confident with what you write on the blog, will make sure people are reading, that you are indeed people who are experts in that field. Create short tips to make people find it helpful, when reading your blog.

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