Tag Archives: business start up

There are so many different options out there where you can get started for $100. You can be up and running with an online store front for under $100. You can even start many home businesses for very low investments that are already setup and ready to pay you to share their product or opportunity. Meaning you could get going on something other than working for a boss to get capital, then turn around and start something even better.

Starting your own business, no matter how small it is, can almost every time bring you more income than any hourly job could once you get it rolling. Who cares if your business you started doesn't make you millions right off the bat. What if you just made as much as you do at your current job? But you were able to stay home or focus on your passion? Wouldn't that be a huge benefit?!

You have enough or can find enough

Honestly you don't want to be successful bad enough if you think you don't have enough money. These days, with all the resources online, you can do anything if you really want to. Get online figure out what someone in your area of interest needs. Give it to them. Have them exchange money for your knowledge or helpful product.

Borrow the money to get started, it will push you harder to succeed, simply because you need to pay them back. Don't let $100 stand in your way of your life's passion and dreams. Go make it happen. Figure out what's really important to you.

The most important thing is that you are prepared to serve. We misunderstand the value we truly have. I was talking to a friend of mine and he was struggling with a feeling of "I'm not doing what makes me happy but I need the money" type feeling. I told him look, "What do you love the most?" He told me and I said, "Master what you love, then demonstrate to others how to what you've mastered and charge them a fee." He was blown away. He's said he'd never thought of that before and it's so simple.

He then asked me how to demonstrate it to them. I told him, "All you need is a inexpensive HD camerea from Wal-Mart, a computer, and a website." He then begins to tell me he doesn't know how to build a website.

I was at that point shocked to truly realize that so many people don't value their ability. They don't understand that for less than a $100 you can be online with a website, hook it to social media, get a free PayPal account and sell a product.

My question for you is what are you passionate about? What do you love to do? Your life is leaving you day by day, moment by moment. When is a better time other than right now, to start building your dream and doing what you love?

I'm Mike Gowans and my whole purpose in life is to, inspire others to do what it is that inspires them. Come get inspired and visit me at my website http://www.MichaelDavidGowans.com. Find and know what it is YOU want to do. Have love and passion for what YOU want to do. Believe in YOURSELF and what YOU want to do. Take relentless action on what YOU want to do.

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I was recently asked what advice I'd give to startups. Here are nine (9) tips:

1. To take time to test the waters while working with market research on what services or products folks need, what they are willing to pay, who the ideal willing and able buyers are, your strategy to reach them.

2. To draft a business plan. The business plan should include your vision, mission, the products and services you are going to sell, your market research, your unique selling propositions, realistic sales forecasts, and realistic expenses. The goal is to use this business plan to guide your business growth over a period of 3 to 5 years.

3. To draft a separate marketing plan. The marketing plan should include affordable marketing options such as how you plan to use social media marketing tools. Social media marketing tools include Facebook, Twitter, LinkedIn, YouTube, Pinterest, EzineArticles, Hootsuite and Aweber.

4. To save money or get an investor to fund your outreach to prospective buyers.

5. To avoid using credit cards and taking out loans.

6. To learn how to set up systems: payroll, income tax, marketing and sales systems.

7. To not go it alone. Vet and hire trustworthy affiliate sales folks on commission and figure out a way to get admin assistance through bartering services, using student interns, or asking family members to help.

8. To be flexible and be willing to pivot. We have pivoted three (3) times. First, we earned six (6) figures helping land development clients. We pulled construction permits and handled zoning for big wheel land developers. That crashed in 2008. So, we pivoted drawing from many years of working for government agencies. We started teaching b2b clients how to get government contracts. We quickly realized that these small biz prospects do not pay enough to cover our expenses. So, we pivoted toward doing the same in front of larger audiences partnering with universities. Then, the federal govt shut down. Many, many business owners like me quit. But, we worked hard to build the company. So, as the firm's leader, I went back to school, got an Executive MBA and got into a Phd in Management program. We are now looking into building global partnerships and technology based targets related to university tech transfer research and technical assistance.

9. To learn how to figure out where the action is and to follow the money trail.

Contact Clovia Hamilton for business startup training and support services: http://lemongrassplanning.com/business-support-services-2/

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Running your own store is a difficult job. It is also very rewarding, which is why some people choose to accept the challenge. A bakery, however, is different from most shops and stores. How do you find out if owning and running a bakery is right for you? Let's look at some questions you should ask yourself before starting a bakery. Also, we'll highlight some things to consider.

Test Yourself: Is A Bakery Right For You?

It's important to know your strengths and weaknesses before starting a bakery. Have a look at these statements:

  • I like talking to people.
  • I understand food and I like bakery products and baking.
  • I understand what people want.
  • I can adapt to changes in people's habits.
  • I'm creative.
  • I can motivate people and be a leader.
  • I'm good at keeping things clean.
  • I don't mind working when other people have off.
  • I can live with a changing income.
  • My family approves of the idea.
  • I'm good at planning and organizing.

If your response to most of these statements is a solid "absolutely" or "that's me" then you should continue with your plans of starting a bakery.

How are you going to start?

There are different approaches you can take when starting a bakery business. You can buy an existing store. This way you can get started faster since you're buying an established business. You'll get all the machines, tools and premises. Also, the customers will most likely already know you. Another option is to join a franchise. It's not the most common way to start a bakery, but it does come with certain advantages: You can start your business with a solid brand behind you and you may receive tools and training that you need to run your bakery. The third option is to build your business from scratch. This is probably the most rewarding way of creating your business because you get to influence all decisions right from the beginning. You get to decide everything, unlike with a franchise, but mistakes could be expensive and the learning curve may be steep.

Stand Out From The Crowd

In any industry with competitors it's important to stand out. This is true for bakeries as well. Ask yourself how your shop will offer something different from other bakeries. Why will customers choose your bakery over the one around the corner? These days bakeries sell other things than bread. Consider selling sandwiches when the morning rush is over and specialize in desserts, coffee or tea. There are many ways to stand out. You can also offer special take-away options for your busy customers.

Location Is Everything

Alright, maybe location is not everything, but location is very important for a bakery. You need to study the surroundings before deciding on a location. Is the area full of people? Do people take their time to look at shops? Is it a nice area? Who live and work in the area? It's also a good idea to look at what other shops are in the area. Other specialty shops in the area like a butchers and a greengrocer could be an advantage to your shop.

Financing

Your can't start a bakery without money. This issue can also be solved in various ways: Saving money is an option for some people. investors could be an option two or getting a loan from your bank. In any case you should create a budget for your company and also establish how much money you'll need to start your business. Then talk to your bank or family about the options.

Good luck on your baking business adventures!

Diana is the owner of Baking with Love, a bakery specializing in celebration cakes and bespoke cakes in Denmark.

Apart from creating wonderful celebration cakes and wedding cakes, Diana has a passion for entrepreneurialism and start-up businesses.

Visit http://www.bakingwithlove.dk/en/ for more info on Diana and her cake business.

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