Choosing the right business…Part 2

Choosing the right business…
Part 2 “Start your own business from scratch.”

Where do you begin when starting a business by scratch or your own ideas? The process may seem overwhelming however, once laid out it is a simple process.

There are a few questions to ask yourself when launching a business from scratch:

1. What am I passionate about? When we speak of passion it

means what to you absolutely love to do, think about during

the day and even dream about at night.
2. What have you been told you are really good at?
3. What are the needs in the community?
4. What would I call my business?
5. Do I provide a service or product?
6. What expenses are related to launching the business?
7. Do you need a place to store products?
8. What is the anticipated rate of return? (initial output of money compared to the income)
9. Do you have a support system?
10. Do you need licensing or permits?
11. Home office set-up or rent an office space?
12. What is my plan? (Your RoadMap, Goals, Business Plan)
13. How will I market my business?
14. Do I have enough reserves to survive until the business is profitable?

These are just a few solid questions you need to know the answer to in order to be successful. Most of the time you can launch your business from your home with the use of the internet therefore, start-up costs could be relatively small. Understand that starting a business does not mean you will instantly make thousands of dollars; businesses take time to grow and become profitable. Most businesses take up to 2 years to see a profit, so you must be prepared to cover the expenses until the business can sustain itself.

It is really crucial as you build your business you establish a presence on the internet. Research has shown that 73.9% of us utilize the internet to seek out products and services. It is not necessary to invest thousands of dollars into a website, the main things you want to be sure happen with the website are:

· You own it
· You can modify it
· You are ranking on Google or Yahoo searches (SEO)
· Cost can be $500 to $2,000 depending on the size

So what is holding you back now? You have the questions you need to know in order to launch the most amazing journey of your life; you just have to put it into play.

Choosing the right business…

Choosing the right business…
Part 1 “Choosing a direct sales business”

You are ready to launch into the journey of entrepreneurialism whether it is as an intentional or accidental entrepreneur, now what? How do you choose which business to start? There are so many options available for every person from cosmetics to insurance and beyond. The key is to research what is the best fit for you, what are you passionate about.

My suggestion to you is to create a pro and con list for each idea you have, explore both sides openly. There are businesses you can pay a couple of hundred dollars to start and have a full business plan ready for you or you can build one from your own ideas. Let’s explore some of the options available to you as a buy in business or direct sales business.

A direct sales business is easy to start and yet may be more challenging to generate an income that can sustain you and your family. The great part of a direct sales business is the structure is already established so you basically pay your start up fees and start running. Here are a few questions to ask yourself when considering a direct sales opportunity:

1) How much is the start up costs and what do I get for the money?
2) What kind of training and support do they offer you?
3) Were they pushy to get you to sing up, promising you will make thousands of dollars (if so
run away)?
4) Do you believe in the product you would be selling?
5) How many other representatives are in your marketing area?
6) What lifestyle (car, clothes, etc) does your recruiter have, most are not really making the

money they claim you can make?
7) Are you willing to recruit team members for residual income?
8) Is the product in demand today, does it meet a need?
9) Do you have a passion for the products and do you use them?
10)Do you have months of reserve money in the bank to sustain you while you build your

client lists?

These are a few good questions to ask before you jump into a direct sales business. There are some people that are really good at this type of business and others that are not a good fit to be a direct sales business owner. There are other sales businesses like real estate and insurance you may want to consider as well. These types of businesses require state licensing and in some cases the parent company will look at your credit and determine if you are a good candidate. For example, recently we found that Farmer’s Insurance will pull your credit and if you have any negative you will not be considered. We asked them why someone’s credit, especially today, would be such a factor. The response from an Inland Empire office was, “if you have poor credit you are not good enough to get the application approved.” My suggestion to you, do your homework and do not take anything personal!

Part 2 Start your own business from scratch.

It’s Your Life!

It’s Your Life!

25 Tips for the Entrepreneur that will keep you on the right path…

1) Take 30 minutes a day to move! Smile while you move it is the best natural anti-

depressant available (endurance, health, focus).
2) Take 10 minutes a day sit in silence; no phones, no computer (refreshes the mind).
3) Every morning before you step out of bed complete the following statement:
“My purpose today is ________________.”
4) Eat more foods that grow on plants and less foods made from the inside of commercial
plants.
5) Drink plenty of water, drink green tea, and eat fruit grown in local trees, wild Alaskan

salmon, spinach, carrots and almonds.
6) Try to make at least 3 people smile each day. Smiles are contagious so just smile at them

and they will smile back.
7) Don’t waste your energy on gossip, issues of the past, negative thoughts, things you can not

control. Focus on what you “DO” want, dream big!
8) Eat breakfast, lunch in peace and dinner with a friend or loved one in a chair leisurely.
9) Life is not fair, BUT it is still good.
10) Life is too short to be angry, stingy and/or greedy.
11) Try not to judge yourself! Find yourself to be your best ally not your worst enemy.
12) Make peace with your past, so it won’t spoil the present. It is over, next is ahead!
13) Don’t compare your life to that of others, you have no idea what their journey is about or

been.
14) You don’t have to win every argument, it is ok to disagree.
15) No one is in charge of your happiness except for you! Close your eyes and say I am the boss.
16) Frame any “disaster” with these words, “Five years from now will it matter?” Better yet

“One year from now will it matter”.
17) Forgive everyone for everything, unforgiveness only hurts you.
18) What other people think of you is none of your business, what you think of you is vital!
19) God helps, it is His plan. We just need to trust His bigger picture, know we are loved and

keep moving forward.
20) However good or bad a situation is; it will change. The one thing we can bet on is change will

happen, move with it!
21) Your job won’t take care of you when you are sick, your friends & family will. Keep in touch

and be social.
22) Envy is a waste of time. You already have everything you need.
23) Each night before you go to bed, complete the following statements: “I am thankful for

_____________.” “Today I accomplished _____________.” Stay in a mindset of

gratitude.
24) Remember, you are too blessed to be stressed.
25) Share this with everyone.

Enjoy Life!