How to Run Your Home Business Lean – and Profitable

If there’s one lesson this economic downturn teaches us, it is the importance of running our business operations lean.

Many small business entrepreneurs made the mistake of spending too much, too soon. They based their spending on the money that they thought will be coming in, not on the money that they actually have. While optimism [...]

How to Get Your Home Business Off to a Good Start

Starting a business, even a small home-based business, is full of risks. It is therefore essential that you ensure that you thoroughly understand what needs to be done, as well as the risks and challenges you will face. Here are some tips to help make sure that your business is off to a good start.

How to Reduce Your Risks When Starting a Business

Entrepreneurship is all about taking risks. As much as you want everything to go as smoothly as possible, there’s really no “sure thing” in business and a million and one things could go wrong when starting a business. Plus of course, there’s always the possibility of failure.
The key, however, is to manage and reduce your [...]

Best Tools for Learning How to Start a Small Business

Someone asked me what is the best tool to learn how to start a small business. My answer is simple: It depends on what you think you need and what works for you.
1. For some people, they need to sit in a classroom and listen to the lectures of a teacher on how to start [...]

How to Launch a Successful New Business

George Rodriguez wrote an interesting article “How to Launch a Successful Startup” where he explored the factors that make a new startup business successful.
Starting a business has a lot of unknowns, especially during these hard economic times. As my mother would say, you never know if the moon and stars will all align in your [...]

Business Ideas for Tough Economic Times

Given that we are in the middle of a recession, if you were to start a business, what would it be? Where do see the opportunity?
That’s a very interesting question to ponder, especially for entrepreneurs willing to capitalize on opportunities available.
I’ve seen a number of responses, blog posts, opinions on the types of businesses that [...]

Home Business Weekend Ideas During a Recession

Someone asked for advice on what part-time home business can he do now when the economy is in a recession. He is looking for a business that he can do from home on weekends. He has already tried getting a stall in the market, and offering DJ services — which both failed miserably.
When the economy [...]

Starting a Laundromat Business

If you are thinking of starting a laudromat business, here are important factors to consider:
1. Location = Location is key to the success of a laundry mat business. Location is all about proximity to the target demographic market and placement in an area that is convenient, with lots of parking, and affordable rent (you don’t [...]

Delays When Starting a Business

Someone asked an interesting question: “Is it normal to run into delays with a new business BEFORE you even get started?”
The asker has been focused on her new business and has been working hard to get everything in order. Alas, things are not working out as planned and she has experienced delays and other challenges. [...]

Starting a Business: Pursue Your Passion

One way to start your business is to find your passions, and build on the things you are passionate about to create a successful business.
Diane Dreher, author of the book “Your Personal Renaissance: Twelve Steps to Finding Your Life’s True Calling” defines passion as the “collection of innate talents that drive them.” But can passion [...]

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