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7 Steps to Starting Your Own Business

What are your dreams? Have you ever just dreamed of things and wondered what if, and why not? Ever dream of starting your own business? Maybe from the time you and your friend had a lemonade stand, in your front yard, as a kid growing up; you always wondered what it would be like, and if you could be successful at running your own business.

With our struggling economy and people trying to make ends meet, everyone is looking at anything they can do to increase their income. Maybe a second job or even a change of careers, there is nothing that is left off the table.

What about starting a business? Now unless you have at least a quarter of a million dollars laying around and about 60 to 80 hours a week that you don’t know what to do with, starting your own business is totally out of the question today, unless…. you are thinking of a home business opportunity.

Did you know that home based businesses or network marketing; is a 114 billion dollar a year industry? That’s billion with a B. When most people think of network marketing they think of companies like Amway and Avon, but let’s take a look at these businesses.

Did you know that Amway is the largest company in the world today, using the network marketing vehicle? Its sales are in excess of 8 billion dollars a year?

Avon has sales over 10 billion dollars a year and is the oldest network marketing company around. It was founded back in 1886. Who says network marketing won’t last. These are just two of over five thousand companies fighting for a little piece of that 114 billion dollar pie.

Donald Trump owns his own network marketing company and Robert Kiyosaki says the network marketing is the business of the future. Let me give you seven reasons why you might want to consider why network marketing might be a place to start looking if you need extra income or if you ever dreamed about starting your own business. This is not going to be for everyone, but it just might be for you.

1. The Cost
Like I said, to start your own business, you will need a good chunk of change to even get your feet off the ground. You can get into most network marketing businesses with a minimal investment of five hundred dollars or less.

2.Time Investment
With any business, you have to put your time and energies into getting things going. Network marketing is no different. If I was a doctor, attorney, or baker, my business would be me. I am the business. If something happens to me, the business closes. With network marketing, my network is my business.
Yes, it takes time to build, but once it is built, my business will continue to pay me a residual income, no matter what I do, because I am leveraging the efforts of my network that I have built, to create a continuous income stream for me. I don’t have to be there 70 or 80 hours a week. After all, isn’t that what it means to “own your own business”?

3. The Product
Many people will get into a network marketing business without putting any real thought behind it. You must have a product that is marketable for the times, a process for duplication, and a company that has the leadership and training to back you up.

4. May The Force of the Network Be With You
The only income stream you will ever be able to generate in most businesses, is when you make a sale of your product or service. In the corporate world, I want to step on you and dominate you so I can get to the top. You are not a friend; you are an obstacle that is in my way of getting to where I want to be.
Not so in network marketing. I want to help you succeed, because your success is my success. We all benefit when the network team succeeds. I am building a network force of individuals that will leverage their efforts and abilities to create an income stream that will continue to come in every single month. Through duplication, this is done over and over throughout the entire network.

5. Create Your Own Schedule
This is your business and you can work it around your life and create your own hours. Many people start their new home based business on a part time basis. With the power of the Internet, many businesses can be taken with you were ever you go. If you have a lap-top and a smart phone, you are ready to go.

6. Learn Perseverance
Rome wasn’t built in a day. Give yourself a proper time schedule of two to five years. I see so many people that don’t do their homework and jump into something, and after three months they quit. Nobody is going to be successful in any business after only three months, and if this is your first attempt at starting a business, there is going to be some things that only time and experience will teach you.

7. Roll Up Your Sleeves and Get To Work
Work as hard as you want. Remember; treat your business like a business and it will pay you like a business. Treat it like a hobby and it will pay you like a hobby. You can’t just sit on your hands and expect your business to grow. Running your own business is going to take a lot of work and failures, before you’ll ever learn how to fly, but only those who refuse to quit will ever make it to the winners circle.

In closing, I would like to suggest a network marketing business, that has the perfect product, the leadership and training to support all, and it is in a niche all by it self. A 100 billion dollar a year niche and we are the only ones doing this through the vehicle of the network marketing industry.That’s 100 billion with a B. Eleven million every hour. There are lots of customers in our market.

Numis Network is the name. Gold and silver graded collectible coins are it’s game. In case you haven’t noticed, gold and silver are a very hot topic today, so If you’re looking for other avenues of income or maybe you’ve always had a dream of starting your own business, Numis Network just might be for you.

Top Reasons Why Investing Is Important

Those who are starting to feel their mortality and old age may be considering investing for their future. There are many reasons why this is a great idea with one being that social security analysts are claiming that it may not be available for those who are due to retire in twenty years. The following are the top reasons why investing is important:

1. Social Security – Even if there are still funds available in the Social Security system, it is not generally enough to live on. These benefits only pay for the basic necessities and the elderly end up doing without because they cannot afford extras. When there are investments in place, these can help to mitigate the costs of retirement and loss of incomes.

2. Savings Accounts – Many may want to keep their money safe in low interest savings accounts but this does not offer the returns that can be had if the money was invested elsewhere. If you really want to make your money grow to level that you can be comfortable with then you need to invest it in something a bit more risky. Savings accounts can be great for some of your money, but the rest should be put in other investments.

3. Buying a Home – It can be hard to come up with the money that is required to purchase a home. You can take some extra money and invest it in a short-term program to get back enough money to pay all of the new home costs. This can include down payments and insurance costs.

4. How to Invest – Those who are looking to make a quick few bucks want to go with short term investments that offer high returns. These are risky but the payoffs can be worth the risk taken. If it is a long-term goal, then safer investments such as bonds or CDs can be the better option.

5. Security – Security is the main reason that people invest and those who are looking to secure their futures should do so with the safer investments that guarantee a decent payoff at the end of the term. The high yield investments would be too risky to chance life savings on in this situation.

Social Security may or may not be around in time for those who are in the 40s to cash in on. For this reason, it is important to begin investing for the future now instead of waiting to see what happens. Even if you put aside $5 a month you can begin creating a portfolio that can see you through your senior years.

Core Small Business Skills – Strategic Business Planning

Research into the failure of Australian small businesses has identified, that in 90% of cases, a lack of small business management skills were one of the key causes of business failure. Strategic Business Planning is just one of the core business skills entrepreneurs and small business owners should be looking to develop in order to effectively manage their small business.

Strategic Research

It is important to be able to identify and locate relevant business research. This includes information relating to the global economic environment, national and regional economic information, social and demographic information, social trends, industry and competitive intelligence as well as internal business reports and analysis.

While this kind of information is important, it is vital that you also undertake research to determine customer satisfaction, feedback, complaints, demands and wishes. This type of information helps in the development of better value propositions and is important to product development.

Analysis

You need to be able to take this research and analyse what it means to your business. You need to be able to assess your business’s strengths, weaknesses, opportunities and threats in light of this research. Being able to undertake complex analysis is the key to determining appropriate long-term, intermediate and tactical strategies.

Strategy Development

Using your research and subsequent analysis you need to have the skills to determine what your business’s end game should be and to map out an appropriate strategy for achieving those objectives. A small business owner who takes all the information he can to determine the strategic path his business should be on will be able to make informed decisions based on numbers and hard fact, rather than gut instinct.

Business Planning

Successful entrepreneurs and small business owners need strong business planning skills. You need to be able to take your strategy and communicate it to all the relevant stakeholders. This includes your bank manager, angel investors, your staff, third-party suppliers and anyone else who has a stake in your business. Usually the vehicle that is used to formally communicate your strategy is your business plan.

Business planning skills will help you create a clear, concise document which defines your business vision, your mission and values as well as the strategic path you have chosen and why. You should be able to identify each of the goals and objectives and outline in the plan how and when each of the steps on the journey will be achieved.

Strategy Communication

Simply having a strategy is not enough. You need to be able to articulate that strategy so that people can both understand what it is you are trying to achieve and also their role in assisting you in achieving that goal. Once that is understood, people need to ‘buy into’ the vision and you need to be able to communicate not only the strategy but be able to sell it in such a way as to have your audience commit to achieving those goals.

Developing strong strategic development skills will stand you in good stead as you grow your business. You will be surprised how often you are called upon to articulate your business strategy and, having been through a process which includes researching your business environment, you get to know your business intimately and will be able to discuss the analyses that lead to your business plan and to communicate that strategy whenever required.