It’s not the end of the world when your Internet connection fails. With Internet business, opportunity to get things done offline is hard to find. So look at downtime as a heaven-sent opportunity to leave virtual reality behind and touch base with your real reality.
Being offline shouldn’t affect...
America has long been seen as the Land of Opportunity. That was true from the time of the Pilgrim fathers and the founding of the United States.
After religious freedom, the biggest draw in America was the chance to own land. This immediately opened up a wide range of business opportunities for citizens...
In the current environment, employers who are willing to hire freelancers, home-based workers and telecommuters have an edge. It lets them hire top talent for reasonable pay because so many people are determined to enjoy the perks that come from working remotely.
But a whitepaper put out by Microsoft...
Today’s uncertain economic climate has many people interested in buying a home-based or other type of business opportunity, licensee opportunity, distributorship or franchise, all in the hopes of subsidizing their regular full-time income. If you are one of them, that’s a very reasonable plan as well as expectation.
However, having a second job or even a third presents a whole range of exceptional challenges when it comes to managing your time, let alone your life, whether you are working for yourself or someone else. And when it comes to owning your own operation in particular, it’s a whole different ball game than if you were just showing up to punch somebody else’s time clock. That’s for sure.
The trick is to be certain you know in advance what it is exactly you’re getting into and to do your due diligence to ensure to the greatest extent possible that you’re making a solid investment as well as a good move. Here are the most crucial questions you should be asking yourself about owning a side business long before you part with any serious money:
Is the business I’m interested in buying legitimate and does it have a proven track record of success?
How long has the parent company been in business?
How will they support me at start-up and in the future as I grow?
Is the product or service I will be selling one that is in demand? In general? In my specific market area?
Who is my competition?
What are my financial goals with respect to this new side business, and can I realistically achieve them in the necessary timeframe?
Is my home set up to handle a side business with respect to such things as office space, the necessary technology and even inventory?
Are there any covenants or local ordinances that may preclude me from operating this side business, either out of my home or from any other specific location?
Can my personal life handle the changing dynamics that come as a result of being a new business owner and one with two jobs to do at that?
Do I have the necessary experience to operate this new business or is there a significant learning curve, one that I can master?
Do I have a business plan and a marketing plan, both of which are critical to the viability of my new business not only at the outset but well into the first few years or so?
Have I asked enough questions with regard to just how much of an up-front investment I will need to make in this new enterprise? How about ongoing fees or royalties?
Do I know what my options are for securing start-up capital, such as a bank loan, a U.S. Small Business Administration (SBA) loan, a state-sponsored small business lending program loan, a credit card or even family and friends?
Can I realistically obtain the start-up funding I need from one or more of those sources and not put my personal financial health in too much jeopardy by doing so?
Am I prepared to take the critical steps to protect myself and my side business, which includes setting up the right kind of venture from a legal standpoint (sole proprietorship vs. partnership; LLC vs. corporation, etc.) and purchasing the necessary insurance?
Have I thought about how I will get paid and pay others, and can I put the processes, procedures and/or services in place to make it happen fairly quickly?
Am I clear on what my state and the federal governments expect from me and my business when it comes to everything from naming and branding my new venture to filing taxes and everything in between?
With regard to this last question as well as many of the others listed here, the SBA is a great resource for anyone who is considering owning their own business, whether full-time or part-time on the side. And because the research you need to do before purchasing a business opportunity, licensee opportunity, distributorship or franchise is considerable, knowing where to begin is half the battle.
Phone tag is frustrating between friends. If you’re a salesperson leaving messages for a prospect, it can feel like you’re the only one playing the game.
Successful sales people know that to get your voicemail listened...
If you sell a product or service, you’ll have your share of persnickety, critical clients. It goes with the territory. But what happens when a demanding customer morphs into an abusive one?
Prepare yourself ahead of time for the scenario. According to an article in
The number of small businesses using cloud services will reach 80% by 2020, according to Inc. Magazine. It’s clear this method of handling IT functions has major benefits, even for the little guy.
Adaptive web design is the new buzzword in website development. Is it a phase, just a trend that will fizzle out, like so many buzzwords?Not likely. Adaptive web design offers many improvements and advantages over responsive web design. Those of you who are part of the business franchise industry will...
More than 50% of the people searching the web in the U.S. use a mobile device and the sale of smartphones and tablets keeps increasing, up 39% in 2014 alone.
User experience on your site, called UX,...
BusinessOpportunity.com had the pleasure of working with and interviewing John Williams, Managing Partner, of Bridge Advisors, LLC. John is widely recognized as one of the leading direct marketing strategists in the network marketing and financial industries.
John’s journey began in 1985 as a distributor...
GeoSearch SEO empowers you with a product that every business needs, page one exposure on Google, Yahoo and Bing! It’s the life blood of any business with a website. From our Responsive websites to our online page one domination, GeoSearch SEO makes that dream a residual reality! Click below to see the webinar right now!
Why start a tax preparation business? ATO is devoted to making it affordable and easy for anyone to start a tax preparation business. Our entry fee is in the hundreds of dollars. In fact, we do not make any profit from our modest entry fee. We make our money at tax time by helping our Affiliates succeed. Our contract is for one tax season and it does not contain a non-compete. We are not concerned with experience, education, credit, or background. We are seeking individuals who desire to start a tax office, at home or in a retail location(s), and are willing to work hard.
What services does ATO provide?
We will give you all you need to get your tax office up and running for the least amount of money as quickly as possible. Through us, you will be able to offer the same products and services and look and feel like any national tax chain. Our services include...