Monthly Archives: October 2018

Is it Smarter to Buy or Lease Your Business Office Space

Entrepreneurs often have several types of questions that arise during the creation of a new small business. Some of these questions have to do with products or services, business models, or even how they will successfully start up and maintain a brand new company. Several of the most commonly asked questions, however, have to do with money and how the business owner is going to completely finance the creation of the new small business.
New people who want to start a business usually have great ideas and suggestions for new businesses but soon discover that the implementation of such ideas is extremely difficult and almost impossible. The biggest reason for such difficulties and complexities is because of the lack of financial resources. Many new businesses owners become discouraged and eliminate their dreams of starting a company simply because of the overwhelming threat of finances.
One of the best ways to overcome these fears, however, is by wisely using the funds that you have to obtain the necessary supplies and things you need to start a business. Many business owners often spend too much money on things that are not yet needed in a brand new company and they soon find themselves stuck in an enormous hole of debt. By only using the funds that are available to purchase things that are absolutely necessary to start a company, business owners will be more likely to become successful.
Probably the biggest investment that new business owners must consider is the acquisition of a business location or property. There are three main ways that a person can do this, which is through buying, leasing, or renting the location. Depending on the type of business that is being started, a person must decide which method is the best for the company.
A business owner must first consider what type of business he or she will be starting and the amount of profit that it will be obtaining. If the business will be obtaining a quick and large profit, then buying a business location would be more logical. If the business will take a large amount of time in getting started and will obtain profit in small increments, then leasing a business property is probably is the best option.
Buying a business property is definitely the best option in the long run, especially if a company is guaranteed to be successful. Owning your own property bring along with it many benefits, including asset appreciation and real estate values. It all depends on the amount of cash flow that the company will have and how long a business will remain at the location.
If the tenure of a small business will not be for very long, then the best option for business owners would be to lease a piece of commercial property. Although the monthly payment for the lease is greater than the mortgage of owning the property, it saves the business owner a substantial amount of money in the long run and gives more flexibility to the company.

Membership Sites – A Super Business Model For Recurring Income

Membership sites are exploding on the net as the core of business opportunities. Membership sites that have month-to-month membership subscriptions can produce you a massive recurring income every single day, weekly month to month and for every single year ahead.. Membership sites are gaining popularity on account of of their solid business models and chance to create recurrent income from multiple sources. Membership sites are great revenue models, both for your own business and for having the allure to affiliate marketers who will be eager to profit from your program.
Abundant articles about membership sites appear to be by folks who have not actually owned a lucrative one. I will make the same main point in relation to membership sites that other folks do: in basic terms that they are the best marketing on the internet business model going. One of the biggest reservations about getting a membership site open is the challenge of the graft that goes into the first setup; but this is always get over.
Membership
Membership sites are thriving and more mand more favour WordPress as the content developmentstructure. The ease of WordPress blogs makes them ideal as a Membership management platform. Membership businesses are much less vulnerable to changes in the marketplace. I’ve listed below the peak OCI keywords from a search on membership sites that I conducted using Market Samurai.. High OCI means that those searching on that search term are more inclined to purchase. What is apparent is that here is a strong benefit in health-oriented membership & building online businesses around those topical key words would be profitable. The other key trend is that there is an appeal in setting up membership sites themselves: people are searching on terms like “membership site scripts” with an intent to BUY…
Membership site oriented key words with 60-99% OCI:
membership camping
gym membership
gyms membership
travel membership sites
health club membership
cash membership site
fitness center membership
membership site scripts * people are looking to set them up…
athletic club membership
membership site for sale
gym memberships
esporta membership
health and fitness membership
gym membership software
mini membership site* mini sites always a popular model
mini membership sites*
instant membership site creator* there is a market for the computer software
memberships sites
memberships site
membership sites for sale
gym membership rates
membership site software
nysc membership
build membership site
build membership sites
membership sites software
wp membership site
business membership site
membership site creator
membership site design
membership site owner
building membership sites
membership site management
Enterprise
Marketplace share is essential to any business and membership merchandising provides a way to acquire massive market share. You don’t need to be an expert… anyone can begin an Internet membership business. Here’s why you must. The membership business model translates into a dependable income stream. They offer stability – folks become members in something they are eager about or for something they need. A membership site offers you satisfaction of continual interaction with your clients. If you get an idea for a new enterprise I soundly endorse building it around a membership site.
Promotion
Internet marketing is not for lazy people! Even the most excellent and most appealing ideas need to be put ‘out there’ before they can work. If you do search phrase research in the Internet marketing niche you can observe that among the most frequently searched for expressions: is how to make money online.
If you’ve been struggling to break even with your on-line home-based business, or even if you’re earning ‘okay money’ using Internet marketing, affiliate programs, niche marketing or blogging, prepare for a MAJOR SHIFT in your beliefs. I must have tested them all: niche internet marketing, pay-per-click, affiliate promoting – in short, a whole raft of other ways to earn a living on the internet but nothing actually ‘clicked’ for me. My blog is THE most important marketing tool I’ve employed to profitably promote my membership sites. Another impressive feature of a membership site is that you simply have to generate the content once and subsequently you can keep promoting it again and again.
WordPress
WordPress is extremely well-liked for the reason that it delivers you a powerful contents management platform. With WordPress its uncomplicated to generate a multi-leveled membership site using free wordpress plugins. With a WordPress weblog you can immediately host password protected contents without special plug-ins being required. Thesis Theme is one of the most common, SEO optimized premium WordPress Themes that allows you to mark out your entire web site layout. Irrespective of whether the membership site is paid or free, WordPress is a perfect software platform to turn your blog into a cash-producing membership site.
Conclusion
Membership sites are able to sell for a top price for the reason that business people are conscious of the intrinsic worth of a buying customer base. No matter if youre seeking to sell-on or not, membership sites are magnificent way to make cash on-line. Historically membership sites required costly and complicated scripts.
A membership site can be a major informational focus. Information sells and you can undoubtedly make a great deal of cash by offering well packaged knowledge in the formula of a fee-based membership website. Entrepreneurs with huge membership sites typically have email lists numbering in the 1000’s and their brand gets known as expert. I did not anticipate that creating membership sites would be easy!

Potential Pitfalls of Business Credit Cards

Although business credit cards emphasize their many benefits to small business owners such as record keeping, rebates on business expenses, and travel related perks, there are also some potential pitfalls related to using a business credit card for small business owners. Below are a few common risks associated with using a business credit card:
Potential for Abuse: Many business owners find the possibility of instantly funding their start up business with a credit card to be very appealing. However, when there is very little or no cash available to a business owner, the potential to abuse credit cards is great. During a business start up, an entrepreneur usually has difficulty obtaining loans or other ways of financing their business, and they turn to credit cards to purchase the items needed. As with many small business start ups, it sometimes takes several years to begin to see a profit. Therefore, they stay in debt, adding financial burden to the new business.
High Interest Rates: Business credit cards, like other credit cards, often charge high interest rates. The accumulation of these interest rates when the card is not paid off monthly can add a large amount to business expenses. This occurs most frequently with cards that offer low introductory rates. Card holders may not be aware of the amount this rate will increase after the introductory period ends. Because of this, and due to low minimum payments, business credit cards may take longer than expected to pay off completely.
Risk to Reputation: Just as with personal credit cards, if business credit cards are not used responsibly and carefully they can lead a new business into a large amount of debt as well as damage the reputation of the business by lowering it’s credit score. This can make it even more difficult to get credit or loans with suppliers in the future. It can even put an owner out of business.
New businesses can be very expensive and the cost of doing business can be very high. However, with effective and careful credit card management and careful planning when choosing a business credit card, most of the downsides of business credit cards can be controlled or avoided altogether. Using a business line of credit rather than a credit card is the best way to avoid many of these pitfalls. Business lines of credit usually have more flexible and also more favorable financing terms.

How The Government Can Assist You To Start Your Business

When beginning your online business you should utilize all the help you may get, and the federal government is usually a great supply for assistance. You could surprise in what ways can they allow you to get started. Listed here are three areas the federal government presents help in getting your new business off the ground.
You want money to start out your corporation and the government can assist you get the cash you need in ways. First option supplied could be a loan. The federal government has lots of of tens of millions of dollars in authorities funding set up for small business and entrepreneurs. There are loans created particularly for low-revenue companies, handicapped people, military veterans and more. The second possibility for funds could be one of the fifteen hundred grants which can be accessible via fifty- authorities agencies. The grants are separated and grouped by state and business category. Such classes embrace but will not be restricted to agriculture, general enterprise and real estate. You can too discover grant money for analysis and development of your business. Many of those grants start at five thousand dollars and can finish in the six figures. Best of all these shouldn’t have to be paid back. It’s like receiving free money.
So you already know that money may be found, however what about different assistance. The federal government has this coated also. They offer assistance for small enterprise enlargement, growth and renovation. There are fifteen hundred authorities sources to provide the needed assistance for small businesses. A place to start out searching for this data would be the SBA, or small enterprise administration office. You could find this in your cellphone e-book, online or the help desk at your local library. By means of the federal government you may obtain counseling, training to improve expertise to help manage and function your business. There are some types and guidelines which are to be completed. For some examples of those kinds and more detailed info you may read supply books on finding authorities as well as personal foundations. These books can be found at your local library also.
Cash and assistance are now not a concern. Lastly the government gives advisory companies to you. These providers will help you in improving your management expertise and labor administration relations. This is essential knowledge when beginning business.
There may be a lot the federal government can do that will help you get your online business up and running. It’s just a matter of taking the time to search out your local sources and get the process started. Remember to benefit from these offers. It’s not everyday someone will hand you free money that may go to creating yourself more money. So don’t wait any longer, get the method started and you’ll be properly in your approach to a flourishing, profitable business.

Business Credit Cards Help Businesses Manage Finances

Business owners are faced with more than just the direct challenges that are a result of operating their businesses. Not only do business owners have to perform the duties of their specific business; but they also have the responsibility of managing any staff, and keeping track of finances.
Business finances can be a nightmare! Most business owners are very pressed for time, trying to get everything accomplished- and it could be their record keeping suffers as a result of the lack of time. Business credit cards can help you resolve this situation, and actually save you time and money. You might be wondering how a credit card could save you money, considering they have interest fees and finance charges and all sorts of “hidden” expenses; but with the right business credit card, your financial record keeping will not only become easier to manage, but will in fact reduce the time it takes you to pay your business expenses and saving that time will result in your ability to put your time into money-making activities.
Pay All of Your Business Expenses With a Single Credit Card
The first step to easier financial management and record keeping is to obtain a business credit card and designate it your one-and-only method for paying your operating expenses. Whenever you need to purchase business supplies, make a utility payment, order lunch for staff appreciation day you’ll whip out your new card and that’s where the charges will go.
That means you won’t pay with a personal check and have to transfer funds later to make sure you’re keeping your business and personal money separate. Using a single credit card for all your business needs means at the end of the month, you’ll receive a statement that itemizes every expense you had for the month.
Have you discovered the value in this yet? When you pay for everything on the single credit card, you’ll receive a single statement with a list of everything you’ve purchased or paid for, all in one- convenient place! You’ll easily be able to divide your expenses into categories for tax reporting purposes, and see at a glance what you’ve paid for the month versus what your business income was for the same month.
Give Key Employees a Business Credit Card
If you have office managers or other staff that have to make purchases for the business from time to time, there is a simple solution to this situation as well. Simply order additional business credit cards in the employee’s names and all of their purchases will appear with yours on the itemized statement. Many credit card companies will divide the purchases by each of the credit cards you have on the statement, so you can also easily see at a glance which cardholder made which purchases.
Easier Checkbook Balancing
Once you’ve begun making all of your business purchases and expenses using your business credit card, you’ll find that keeping your checkbook under control is a much easier task! Rather than having numerous entries throughout the month, you could very well have only the need to write out just one check each month to pay your credit card balance. It’s much easier to balance a checkbook with one or two transactions than one that has a few hundred checks and ATM card purchases going through each month!
Additional Benefits of Using Business Credit Cards
In addition to each of the benefits described above, using credit cards for business expenses makes it possible for you to earn rewards from various rewards programs offered through card issuers. You could be earning cash back or airline miles, among other benefits, that build up rapidly when you use your card to handle all expenses each month.

Choosing Great Painting Business Names

A good business name is necessary to help you to build a strong brand and market your services successfully. A strong brand will give your business an identity in the market place, help you to make a good first impression on people and help to build a positive reputation among customers in the long run.
Below we have set out a number of tips and ideas for you to consider as you proceed to think suitable painting company names.
Don’t Limit Future Opportunities
Effective business names give potential customers a clear message about what products or services a company offers. This is one sensible approach but it is important not to pigeon hole your business too much as you may want to change direction, sell the business or introduce new services at a later date. Your name should indicate what you do while still being general enough to offer flexibility.
By all means include the word ‘painting’ in your name, but don’t be too specific about the market that you are targeting or the exact services that you offer. If you feel that you will branch out into other areas in the future then the word ‘contractor’ may be more suitable.
You should also think twice before including the owners name in the business name. This can offer a nice personal touch and give customers the impression that they are dealing with somebody who has a good reputation. However, this approach can make it hard for you to sell your business if you want to do so at some point in the future.
Including the name of the area or region where you are doing business is also an option that usually works well. However, if you ever want to offer services outside of this zone then such a name can become irrelevant or confusing.
Memorable and Unique
A great name for a business is one that can be easily remembered. People should be able to recall it after hearing it only once or twice and they should be able to pronounce it correctly. Once you have a short list you can run some tests on family and friends. See which ones they were able to hear clearly over the phone and which ones they were able to remember a week later. If you can think of a name that will stick in peoples minds then you will really have their attention.
A great name should be unique and professional at the same time. If you look in The Yellow Pages or online you will find plenty of clever, catchy and creative painting business names. While names that are funny can sometimes get more attention, you may find that some sectors of the market don’t relate to them, misunderstand them or even find them offensive. The best choice is often to go with a more conservative sounding name. This will come across as being much more professional and appeal to a wider market.
Originality and Usage Rights
While you can look to other industries for inspiration, dont imitate the names of other local businesses too closely or you will risk confusing consumers. You need something that is truly original if you want your business to stand out.
Make sure that no other companies are already using the name that you would like to use. Search The Yellow Pages, the Internet and the database at your county clerks office to make sure that you dont infringe on the intellectual property of other companies or individuals.
Domain Name Registration
Check that there is a suitable domain name available and register it at the same time as you finalize your business name. You will need to get a website up at some time and it is nice to have a domain that matches your name.
Preferential Listings
Many people name their business ‘A Plus Painting’ or something similar because they want to be among the first listings in The Yellow Pages. This is becoming less important these days though as popular search engines on the Internet don’t display search results alphabetically.
Acronyms
Give some thought to acronyms. If done right they can be an easy way for customers and business associates to refer to your business by using the first letter of each word. Just make sure that you stay away from embarrassing or weird acronyms.
Expert Advice
Many people underestimate the importance of a business name. It is one of the elements that will help your company to win the hearts and minds of the marketplace over many years. Some smart entrepreneurs are now starting to hire naming experts to help them make this crucial decision. While it is unlikely that a small painting startup would go to such expense it wouldn’t hurt to run your ideas past someone with a decent level of experience in business.
Avoid a Name Change at All Costs
Sometimes it becomes necessary for businesses to change their names because they have become old fashioned or irrelevant. This may become necessary for you at some point in the future but you should do your best to avoid this. The costs associated with such a change can be extensive so your selection should be able to stand the test of time.
A Name That You Like
Above all, you, as the owner of a painting business have to have a name that you like. There is no point in using a name that sounds embarrassing or makes you cringe every time you say it. Your business name should inspire you and make you feel proud to be a painting contractor.
Dont treat the selection of your painting company name too lightly. Give this important decision the time that it deserves and come up with something that can carry your painting business forward to future success.

Small Business Start Up Costs

Small Business StartSmall business start up costs can prove to be frustrating and stressful for a beginner business owner. Several entrepreneurs are intimidated by small business start up costs and choose to avoid even trying their knowledge in a small business for fear of not achieving success. Because starting a small business involves many expenses, they often think that having such a business will just lead them to failure. Fortunately, there are various ways to finance start up cost for a business; the ones that can help you some of the mounting business costs.
A business plan is an important catalyst of any successful business. In the absence of business plan, you can not easily get an access to business startup loans offered by banks and investors. Letting them know about your business plan can give them confidence. If you have professional business plan, you are providing a blueprint for successful business because you are making a change for your own business to be showcased to potential business startup funding providers. However, in doing this, you must strive to design a business plan that is really convincing and that pictures your abilities to manage such business reflected in your plan.
A business plan, for the purpose of acquiring a loan for business start up costs, has numbers of components. The first few pages showcases the Executive Summary and the Table of Contents. This is followed by the company descriptions- one of the most essential portion of business plans because this explains the short history, the company backbone, as well as the future plans, to the potential investors. The company description sections also mirrors the plan for business possible expansion. In other words, in this section is where the loan providers are most interested to know.
In the company description, you will need to steer clear of discussing that your business is a startup business. Startup businesses are categorized risky investments by most investors. Instead, convey what you have poured to the industry that you are presently in or plan on entering. You can also discuss the things you did that made others become successful. Another is, you shall discuss the growth of your business in the recent months or years and your forecast growth. You have to be sure that during your business plan presentation, you must be in full enthusiasm and passion for your new business venture and so you will be able to acquire a loan for your business start up costs.
Marketing analysis, in a well-written business plan, must be included. This explains your feasibility/ demographic study regarding your potential clients- this can help to convince your potential investors for your start up costs for a business . This portion of your business plan also tells your potential investors on how you are going to promote your business to clients in your target market. This also must show how intense your marketing research to ensure that your product would hit a great demand.
In order to acquire a loan for your small business start up costs , comprehensive financial plan must also be included in your business plan.
Numbers of new and small businesses struggle with the enormous quantity of small business start up costs incurred in order to materialize their business plan. Many entrepreneurs design a professional business plan to help them offer potential investors with their roadmap that shall poise them for success in their new venture.

How To Select The Best Residual Income Business Opportunity

A lot of people are actively looking for a lucrative residual income business opportunity, but they make critical mistakes. Heres how you can avoid those costly errors. The 3 key main factors to consider are:
1) the amount of monthly income generated
2) the amount of resources required to create that stream of residual income
3) the duration of the income, including whether or not the amount of income increases or decreases over time.
Most people make the error of, first, being introduced to a company and then, second, trying to see if it is a good residual income business opportunity. They fall into the proverbial trap of not being able to see the forest for the trees. They find the tree first, without knowing what kind of forest it is in. A better approach is to identify the ideal forest first, and then look for the best tree in that forest, second. Giant Sequoias are much much taller than pine trees, but you wouldnt see that if you only look in pine forests.
The kind of forest to look in for the absolute best residual income business opportunity is NOT that of the employee or the self employed. This includes traditional work-from-home businesses. In addition, some people think that network marketing is a good forest to look in, but there is so much competition in network marketing, both in selling products and in recruiting a downline, that the return on your efforts is almost guaranteed to be low. That is how micro-economics works: high competition = low margins of return. If you are looking for the absolute best residual income business opportunity, the proper forest to look in is that of the investor.
As an investor, you are able to leverage other peoples time and other peoples money, while retaining control. You dont have to sell any products or services in the midst of fierce competition. The amount of income created is directly related to the rate of return you are able to generate. You can even hire high-performing professional traders to do the active investing for you, on a pay for performance basis, so that you dont have learn how to become a full-time trader yourself. The amount of personal resources involved can be minimal, especially if you are using other peoples money. The most valuable resource is specialized knowledge, which can be learned, from the right source. And the duration of income can be multi-generational, recession proof, and increasing every year, due to the power of compounding returns.
One excellent, yet relatively unknown source for gaining the specialized knowledge, and careful guidance on how to apply it correctly, is The Financial Freedom Foundation. They are a non-profit organization dedicated to showing people how to become financially independent. With the resources they provide, you can grow your own personal forest of Giant Sequoia sized money trees with $100 dollar bills coming off of each branch, for you to use at your convenience. Theyll show you how to create up to $100K residual income within 12 months, and give you the knowledge of how to grow that to over $1M per year, within 5 to 10 years all this using other peoples time, talents, and money. That is the absolute best residual income business opportunity around. They even have a FREE REPORT that you can download from their website, to get an inside peek as to how you can do it yourself.

Useful Phrases For Doing Business In English

When it comes to English for business youll find there are a number of expressions that you probably wont encounter in casual speech. Here are five expressions that you might hear if you are going to a business meeting or you are in a business situation.
1. Manage expectations
To manage expectations means to ensure that the client has realistic expectations. For example, a company may take an order to deliver a certain amount of products. The client, who does not know how long it takes to manufacture and prepare a product might expect in a week. When you manage their expectations you make sure they know exactly how long it will take and what to expect. In this way, the client is not disappointed, and you are not under increased pressure from an unhappy client.
Example: We need to manage their expectations so they know they will not get delivery of the product before April.
Anyone who has to deal directly with clients will need to know how to manage expectations.
2. At the 11th hour
If you do something, or deliver something at the 11th hour then you are doing it at the last minute. If you had two weeks to write a report but you leave it until the last minute, you are doing it at the 11th hour.
Example: Jane always delivers her reports at the 11th hour. One day she will miss the deadline if she is not careful.
A company might finish a project at the 11th hour, or an individual can finish a task at the 11th hour.
3. The lion’s share
The lions share is the largest share. If you are talking about a competitor and the fact that they have the lions share of the market, then they have most of the business.
Example: Martins have the lions share of the market as they make 80 percent of the sales. We need to increase our efforts to increase our market share.
This is phrase is generally used when referring to companies or organisations.
4. Dot your i’s and cross your t’s
If you are told to dot your is and cross you ts you are being told to make sure you get all the details right. You have to check and recheck your information to make sure that the end result is perfect.
Example: This project could bring in 2 million dollars in sales so make sure you dot your is and cross your ts. We need to make sure everything goes smoothly.
A manager or director will use this expression to ensure employees and other colleagues are careful when preparing the project.
5. Get your foot in the door
To get your foot in the door means to get an introduction to someone or something. You can get your foot in the door of a company by getting an introduction to the director or by selling a small amount of product to a company. If you do well and make a good impression, you can go on to increase your involvement with the client or the company.
Example: Make sure they agree to trial our latest products so that you can get your foot in the door. If they like it we can introduce the rest of our product line to them.
Both individuals and businesses can get their foot in the door.

Why A Business Model Is So Important

A business model explains the rationale of how a company establishes, provides, and captures value. It includes the product or services offered, sources of revenue, customer base, organizational structure, strategies, operational process, and financing. Basically, the methodology and infrastructure of a business combine to form the business model. This model should be created long before a business opens its doors.
Before starting a business, an entrepreneur should be aware of the basic process for building one. This knowledge proves valuable when creating the business model. Certain aspects of infrastructure, operations, and strategic thinking have proven successful, while others are destined to fail. Being able to distinguish one from the other enables a business owner to avoid the pitfalls. A business with a model that maximizes opportunities and avoids threats is positioned for long-term success.
Sales are an important aspect of the business model and this is where proven methods really shine. By learning how to quickly generate income from sales, any business can get out of the growing pains stage much faster. The sooner a company can pass through this phase, the less likely it is to become a statistic. Quick success is especially important in the online world, where competition is particularly fierce. When a company becomes financially independent, so will its owners, and this is a much more comfortable way to live.
Closing a sale successfully is what leads to income so a business model should include information regarding closing techniques. These should be based on success achieved by other businesses and should be shared with the entire staff. Every employee serves as a mouthpiece for the organization so it only makes sense that each staff member be skilled in closing a deal.
Prospects have many excuses, especially during times when money is tight. They may be fearful of making a purchase because they do not want to spend their hard-earned money. Some of them convert this fear to aggression, placing pressure on the business. Staff should be trained in handling these situations and know how to convert negatives like this to positives.
Leaders in business know what it takes to achieve and maintain a high level of sales. It is not unusual for them to have salaries into the seven figures. By incorporating what they do and how they do it, any business can realize similar results. A sound business model can result in an entrepreneur making more money than ever anticipated.