Success in online business is a result of several contributing factors. However, there are 3 things that may hinder your online success, and these are wrong people, wrong habits and ratcheting up expenses.
Follow @powerhomebizBefore Starting a Business, Save as Much Money as You Can
February 10, 2011 By 9 Comments
All too often, many small and home-based businesses start without any money saved. Worse, some don’t even have any money at all. Instead, they are putting all their hopes that the business that they are about to start will bring them money.
Follow @powerhomebizGroupOn: Small Business Lessons on Coupon Advertising (Part 2)
January 17, 2011 By 7 Comments
Just because the marketing campaign brought additional traffic and customers to your business doesn’t mean that it increases your profitability. Some campaigns can even hurt you! Read about the experience of cafe owner Josie Burke of Posies Cafe.
Follow @powerhomebizGroupOn: Small Business Lessons on Coupon Advertising
January 17, 2011 By 7 Comments
Just because the marketing campaign brought additional traffic and customers to your business doesn’t mean that it increases your profitability. Some campaigns can even hurt you! Read about the experience of cafe owner Josie Burke of Posies Cafe.
Follow @powerhomebizThe Importance of Reading and Understanding Contracts
January 3, 2011 By 4 Comments
One of the common mistakes of small business entrepreneurs is entering into contracts and agreements without thoroughly understanding the terms of the agreement. Learn how a small business owner learned this lesson the hard way
Follow @powerhomebiz50 Mistakes to Avoid When Starting a Business
November 2, 2010 By 4 Comments
Starting a business is not easy. If you are going to survive and be a long-term success in business, then you need to be aware of the most common mistakes and pitfalls that can ruin your best-laid plans. Here are 50 common mistakes to avoid when starting a business.
Follow @powerhomebizCoping with the Rise and Fall of Self Employment Income
April 2, 2010 By Leave a Comment
As a freelancer or a self-employed business owner, one of the realities you will face is the fluctuation of income. Unlike employees with a fixed salary, it is hard to predict exactly how much you will earn from month to month. There are times when income is good and the money keeps pouring in, and times when income slows down to a trickle.
Follow @powerhomebizAre You Updating Your Service Contracts?
January 28, 2010 By Leave a Comment
If you are running a business, contracts are an essential tool to understand the duties involved from each party. Contracts are needed to level expectations, state the deliverables, and specify each of the parties’ responsibilities. It is also a means to control your costs as the business owner. But whether you are using contracts for your service business, for your suppliers or advertisers, the key question remains: Do you update your contracts?
Follow @powerhomebiz10 Ways to Overcome Fear When Starting a Business
January 12, 2010 By 4 Comments
Overcoming your fear is one of the most difficult hurdles of starting a business. Starting a new business is such a leap of faith that it can scare the wits out of you; more so when you are leaving the comfort and security of a steady paycheck. Here are 10 ways to help mitigate the risks and overcome your fear of starting a business.
Follow @powerhomebizHow to Run Your Home Business Lean – and Profitable
November 19, 2009 By 2 Comments
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 [...]
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