Starting a Business Is Not for Me – Too Scary

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Does that sound like you? Always wanted to go to business on your own, yet never took the first step? What the hell are you so afraid of? What’s the worst thing that can happen? Remember: if you do not take risks in your life, your life will forever be the same.

This article is actually not really an article. I simply wanted to share with you two insights I earned over my years of entrepreneurship. So here goes.

There are two conversations I will always remember. The first one was with a good friend of mine, one Saturday sometimes 15 years ago. I was born and raised in Tel-Aviv, Israel and the whole concept of Saturday morning with friends is a big thing. My friend had an idea for a new business, and me being an entrepreneur in heart, was listening and giving points. He was going on and on about the business model, what the steps were, how big the market is etc. in his head he was already going public and retiring to a little island he just bought off the coast of Greece.

I remember vividly sharing his enthusiasm, telling him how I thought it was a good idea, where he should get the initial funding, how I thought the product should be designed etc. We had a lovely talk and then said our goodbyes, going back to the daily grind on Sunday (in Israel, people work on Sunday, but mostly have Fridays off).

After a couple of days, I was talking to him over the phone, chit chatting about life the universe and everything, and asked him how he was moving forward with his business idea. His response was, and I quote: “I do not have time right now; things are really hectic at work”. It hit me like a thunderbolt. My friend is a Saturday entrepreneur. In his head, he builds up a fantastic scenario made of the things he believes can bring him joy, then comes the start of the week and he is back on his daily routine. Saturday entrepreneurs will never take the leap to becoming real entrepreneurs. That takes guts, risk and a little bit of uncertainty.

The second conversation I wanted to share with you was a talk I had with my late grandmother. He was an old-school businessman, filled with wisdom and insight. At the height of his ventures, he actually owned a bank that he sold to another bank, making a nice bundle in between;)

I was 17 years old and had just failed my third driving test. I remember sitting with him in his house, telling him that I will probably never have a driver’s license. He looked at me, smoked and very calmly said: “go take a look outside, see how many idiots drive a car, then come back in here and tell me you can not do it.” I had engaged that sentence with me all my life. Whenever someone tells me entrepreneurship is hard, I tell them to look at the guy who owns the local grocery store, the person who owns a café, even a guy selling hot dogs on the street. If they can be entrepreneurs, why can not you?

So what’s there to learn from these sayings? Only one thing. Do not be afraid.

Source by Doron Habshush

6 Tips To Make Your Small Business A Success

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1. Planning – Planning is the first step towards making your business successful. Start with a business plan. If you write a good, detailed plan it will carry you through the business.

Research how other similar companies function. Determine what makes them good and what needs improvement. Then, pattern your own company based on this information.

2. Delegation – One of the hardest things for new managers or business owners to do is give up control. Learn to distinguish between the things that can be delegated with those that can’t.Communication with employees is also key. Involve employees in understanding the business and what is happening or going to happen. One good way to provide this is through a monthly newsletter or email.

Keep control of the important decisions or those that you have the most understanding of. However, give your employees a chance to shine by providing them the opportunity to take control of some tasks. When delegating be specific about what the task is and what the expected outcome is. Provide any assistance as needed but let the employee find a solution.

3. Communication – Good communication is important to any business. This includes communication with employees and customers. It also includes a good telecommunication and computer plan.

For example, a T1 or T3 voice line can provide superior communications with customers and provide a high-speed connection to the Internet.

4. Organization – Keeping things organized is important to maintaining a good business. Have a plan in place to allow for basic things such as cleaning, vacuuming, and garbage disposal. Utilize space wisely.

If your office is one where clients will meet you should take care to keep common areas clean and organized. Provide plenty of file cabinets for maintaining files and keeping clutter out of sight.

5. Customer Service – Companies that don’t meet or exceed their customer’s expectancies fail. Take care to listen to what customers want. Strive to have you and your employees make every effort to provide excellent customer service. Always provide service with a smile and no matter what happens don’t allow you or your employees to engage in arguments with customers.

Good customer service is catching so as the boss be sure to maintain a positive customer attitude which will foster good customer relations for your employees.

6. Employees – Starting with the hiring process, employees are the key to a successful business. Attitude is important as is dependability and caring about the business.

The hiring process should start with a work description for each position you wish to fill. Be realistic about wages. If you want high-quality people you will need to pay for them. Provide training if and when needed. Treat employees with respect and dignity. If a problem does arise handle it privately. Your employees are a direct reflection of your business.

Source by Van Theodorou

Choosing the Home Business Opportunity For You

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Are you looking for supplementary income or incredible success in a home business opportunity? And what type of home business opportunity are you looking for? If you are looking to start something that is best with customers or clients that come to your home, then that is one thing, but if you are looking to become a distributor in an already established network marketing business, there are several things you will need to make sure that your business will thrive.

So let’s start with motivation. With any home business opportunity, there has to be something in it for the distributor who will be signing up under you. With the hundreds of network marketing businesses that there are, there needs to be something about your business opportunity that makes it stand out. There needs to be a reason why someone would choose your home based business over all the others out there. If it is the quality of the products, well, that is a start, but it is usually not enough of a reason to choose one business over another since many network marketing companies have high-quality products.

You will then want to look at the payment plan. Does it pay out too much, making the plan extremely unsustainable in the long run? Or does it pay out too little, requiring you to recruit too many people for your home business opportunity before you see any real income? There needs to be the proper balance between sustainability and growth of the company, and for the distributors to prosper. And when you are examining the payment plan, something that is indirectly tied to this is how long the company has been around. If they have been in existence for six months or so, then you might want to wait at least until their two-year mark. This is because you have to remember that you will be spending your time and you’re hard earned money recruiting distributors. You want to make sure the company will be here for a long time. And if a company is five years or older, so much the better. This ties in with the payment plan because if they have been around for five years, they must be doing something right.

But do not stop there with your research. Find out as much as you can about the company. Check out the owners, and look into their history. See what other businesses they have been involved in if any. And what kind of company is it? Is it a publicly traded company, or is it private? The funny thing is that often people will advertise that they are publicly traded. But for me, I stay away from those companies for several reasons:

1) The control of the company usually shifts from the founders to the shareholders. The shareholders motive almost always is just to make money. They had nothing to do with building the company.

2) Since their motive is strictly profit and since the owners have a duty to the shareholders to turn as high a profit as possible, quality of the products usually takes a back seat to profit.

3) The shareholders expect dividends, and that is money that could be put to better use elsewhere and could be going into the pockets of the distributors instead.

4) Publicly traded companies can be bought by other companies more easily, and this can leave the distributors high and dry.

Lastly, remember that it will probably take several years for your home business to be successful. This means that you need to go into it with that mindset. As long as you know it will not happen overnight, then you will be able to weather the ups and downs that inevitably come with any home business opportunity. And in the end, you will prevail.

Chuck Griffin

Source by Chuck V. Griffin

The Single Biggest Entrepreneur Obstacle

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I realize that it’s a superlative title to a very subject matter, but I have honestly felt for years that the talented and intelligent (and sometimes not even intelligent) people I have met that are successful all share one common characteristic. They’re all able to get past the single largest obstacle that prevents most people from being successful entrepreneurs: self-doubt.

I can not count how many times I’ve been speaking with a friend about business and they’re open up about whatever it’s they’ve always wanted to do. More often than not, the topic of discussion turns to owning their own business and being self-employed. Yet when I ask the question, “Why do not you do it then?”, I get the same self-doubting answers that always go something like this:

1. Company X is already doing it – So what? There’s plenty of business to go around, and even if you’re interested in a very scheduled and competitive market, there are still many ways to stand out and align yourself with the rest of the industry. There are multiple leaders in plenty of business sectors, and joining the ranks just depends on how hard you’re willing to work.

2. It’ll never work / I’ll never pull it off – Wow, nice effort. You’ve already defeated yourself without even doing the research it takes to find out if a business venture is possible. If you start out with that attitude then you’re right, you’ll never pull it off. How will you make it if you never even try?

3. Too much of a risk – As the old saying goes, without risk there can be no reward. Your mission is to take as much risk out of the equation as possible by planning, planning, and then planning some more. Have solid projections, do your homework, and if things do not go the way you expect them to, there are always options to minimize the financial burden of selling off a company. If you know what COULD happen ahead of time you’ll be much more prepared for any situation that DOES happen.

4. Not educated enough – OK … so educate yourself. In my opinion, it’s no longer necessary to have a college degree in order to be successful. Passion can outperform education anyway, and if you’re really passionate about what you’re doing it’s definitely able to educate yourself on just about any topic. While a college degree or similar training is a huge headstart to success, real-world experience can be just as beneficial.

5. Worrying about what others think – So many times I’ve heard people tell me they had a great idea for a business, shared it with (insert negative person’s name here), and (insert negative person’s name here) said it would ‘ t work because (insert negative reason). Has this person ever been engaged business in this industry? Then how do they know what will or will not happen? It’s a good general practice to listen to the opinions of others in an attempt to gain wisdom, as long as you remember that they’re just that: OPINIONS. Make up your own mind and trust your instincts.

I am by no means saying I have followed through with every business idea I’ve ever come up with. Some ideas really are not as good as you originally thought they would be after you do the research. But if you never even put the work into the initial phases of starting a business, you’ll never find out if you have what it takes to be a successful entrepreneur.

Source by Jason Hendricks

Additional Income Streams – You Can Become a Successful Internet Entrepreneur

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One of the main problems for individuals looking for an opportunity to earn additional income from the internet is finding one that works for them.

Finding a good one can be expensive as many people have found out. They sign up and pay for one system and find that it does not work and so sign up and pay for another and so on until either they find something that works or they give up.

But is it that the systems are no good or is a failure the fault of the individual? In life, one’s success is only limited by one’s own belief and if you do not believe you will succeed then you probably will not. The most successful internet entrepreneurs have believed in themselves and with pure determination become successful. In part, therefore, I believe that most people give up trying before they should.

So how do people become successful? First of all, they find something that people want to buy and then they start to market that on the internet to those people. Once they have developed a successful system to do that then they sell the system so that others can copy the process and do exactly the same. Generally, any system that you buy will give you the facility to sell that system on and earn a commission on the sale. The key to success, therefore, is to keep building and expanding those systems.

There are absolutely thousands of opportunities and systems on the internet and it is a minefield but the real opportunity of success lies with the individual. You have to be determined and want this to work and then it will.

Source by David Bracelyn

FOREX Trading – Using Economic Reports & News For Profit

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The internet has seen a massive growth in both the quantity of news and speed of delivery and many novice traders think this will help them win, however, in most cases, it simply helps them lose and lose quickly.

If you are looking at economic reports and news you need to consider one important fact first:

50 Years ago, 90% of FX traders lost and today the figure still remains the same – despite the advances in news forecasting and speed of delivery.

Most novices who watch news reports or trade off economic reports and fail miserably in their FOREX trading.

Why?

Firstly, they do not realize that news is discounted by the market immediately and this is truer than ever today with any news available in any corner of the globe in a split second.

Secondly, if they see a so-called expert talking about why a currency should fall it may sound convincing but that does not mean the market will go the way they say.

Sure, it’s a convincing argument but these guys are giving opinions and are NOT traders.

An economist can always tell you why something has happened in hindsight but is not so clever about telling you why something will happen.

Investors Determine Price Direction!

The fact is the news is not important in itself – it’s how investors perceive the news that’s important.

Humans make subjective judgments and all their opinions combined move the market price.

A Better Way To Trade

For most novice traders a better way of trading is to simply follow charts and use technical analysis.

As the marketing is a discounting mechanism you can simply assume all fundamentals will show up in the price instantly.

You can then simply follow the reality, rather than trying to second guess where contracts will go.

You will trade on the reality of price rather than predicting it.

Keeping Emotions Out of Trading

When you hear a convincing argument it’s easy to let your emotions get involved and trade with the losing majority.

Technical analysis allows you to set back from the market and see things without emotions and get a clear perspective.

The fact that the news is bullish or bearish for a currency makes no difference on where it will go.

If you take major currency changes the fact is:

They tend to fall heavily when the fundamentals are most bullish and rally when they are at their most bearish.

Will Rodgers famously said:

“I only believe what I read in the papers”

He was joking of course but many FOREX traders do exactly this – belief what they read and hear and then lose.

Trying to trade off news stories for most traders is a complete waste of time and energy and sees them lose – do not make the same mistake.

Source by Sacha Tarkovsky

Windows XP Startup Problems – 3 Easy Ways to Fix Windows XP Startup Problems

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Have you ever experienced such a situation that you failed to boot the operating system when you started the power of computer? Or are you annoyed by the failure of booting Microsoft Windows Xp properly even you have restarted the computer time and time again? Find three tips here to fix common Windows Xp Startup Problems with a few of easy steps.By following these 3 ways, you will resolve the startup problems without any guide of PC experts or technicians.

1. Use Windows Startup Disk to fix Windows Xp Startup Problems.

If the startup problem is caused by the broken booting record of activity partition or damaged files for starting the operating system, a startup disk would solve this problem easily:

To create a Windows XP boot disk.

When try formatting a floppy disk, you would have the option of creating a MS-DOS startup disk, follow the below steps to do this.

1. Place diskette into the computer. 2. Open My Computer, right-click the A: drive and click Format. 3. In the Format window, check Create an MS-DOS startup disk. 4. Click Start.

B. Use this boot disk to start Windows System

Once the startup diskette has been successfully created, following the below steps you will be able to boot from the diskette.

1. Place the diskette into the write-protect mode. 2. Insert the diskette into the computer and reset or turn on the computer to begin the boot process. 3. As the computer is booting, answer the questions prompted. 4. Once at the A:> take the appropriate actions depending upon the situation of the computer. 5. Restart your computer one more time.

2. Use Last Known Good Configuration to fix Windows Xp Startup Problems.

Using Last Known Good Configuration to boot operating system is also a usual method to get into the Windows Xp. Last Known Good Configuration is a Windows startup option which uses the most recent system settings that worked properly. Every time you turn your computer off and Windows shuts down successfully, important system settings will be saved in the registry automatically. And this operation will cancel any modification and changed you had made before on the registry key code– “CurrentControlSet” which is used to define hardware and drivers settings. Purpose of using Last Known Good Configuration is to replace the current registry key by the former one so that you can start operating system normally with the correct registry. Follow this instruction to start up a system using Last Known Good Configuration:

Press Ctrl+Alt+Delete to restart your computer. When you see the words: “Please select the operating system to start” appears on the screen or hear a short beep from computer, press and hold the F8 key before the Windows logo appears. Then on the Advanced Boot Options screen, use the arrow keys to highlight Last Known Good Configuration, and then press ENTER. Warning: you have only one chance to use Last Known Good Configuration.

3. Use System Restore to fix Windows Xp Startup Problems.

Another tool which can help you start Windows system is “system restore” function. As a service running on the backstage, System Restore helps PC users recover system files, registry keys, installed programs, etc. to a previous state in the event of malfunctioning or failure and meanwhile monitors any changes of important system components persistently. System Restore will create a backup copy for those important components(known as restore point)when it detects some changes would have occurred on them. In addition, System Restore will create the restore point every 24 hours automatically. Follow this instruction to start up a system using System Restore:

Press Ctrl+Alt+Delete to restart your computer at first. When you see the words: “Please select the operating system to start” appears on the screen or hear a short beep from computer, press and hold the F8 key before the Windows logo appears. Then on the Advanced Boot Options screen, use the arrow keys to select “Safe Mode”. Press “start” button after entering the “safe mode” to choose All Programs, Accessories, System Tools Menu and then click System Restore. Click “Next” to select a restore point then start system restore mission.

Furthermore, we’d better take some preventive measures to a backup registry of a system with some registry tools in order to restore the important registry in the event of Windows Startup Problems being occurred. When those problems appear you can use registry backup program to have them fix.

If you are not an expert to fix PC problems. I sincerely suggest you download some PC repair tools to detect and fix errors on your computer so that you don’t need to repair PC problems manually. In fact, most of the repair tools are multifunctional and also contain the rescue methods I introduce above.

Source by Jason Cihon

How To Fix Windows 7 Slow Startup And Shutdown

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While Windows 7 is in many ways an improvement over previous operating systems, it still leaves users with a number of questions such as “how to fix windows 7 slow startup and shutdown?” Even though it does not have nearly the same slowdown problems as Windows Vista, 7 still can use some tweaking to ensure it runs as quickly and smoothly as possible. Here are the main points for fixing this common problem.

Why is Windows Starting and Shutting Down so Slow Anyway?

Knowing how to fix Windows 7 slow startup and shutdown requires understanding the problems that cause it in the first place.

  • Too many programs are boot automatically. This is the main reason why this OS may have problems with starting and shutting down. While there are certain programs you want to start automatically when you boot up your computer there are probably quite a few programs loading automatically that you have no need of. Viruses are another common cause of slowdown on your computer and can cause all sorts of other serious problems if left unchecked. A less common problem but one that you should still check are problems with older or slower hardware that is not able to properly run 7.

How to fix Windows 7 Slow Startup and Shutdown

Thankfully it’s reliably easy to fix these slow startup and shutdown problems once you identify what the problem is.

  • If your computer is too old or your hardware is too slow then you do not have many options besides purchasing a new computer. Some people find, however, that they simply need to upgrade or replace their system’s memory. Using anti-virus software is the best way to ensure that no viruses or spyware are affecting your system negatively and causing slowdown. Make sure one program is running in the background at all times and that you run a full system scan once a week. Go into your system’s configuration and make sure that the only programs boot automatically are programs that you want to boot automatically. To go into this configuration menu go to Start, then Run, then type in msconfig. This will let you select or deselect which programs you want to start automatically. If you have never run this configuration before there’s a great chance that there are at least a couple of program running that you have no real need of which are slowing you down.

The Wild Card- Broken Registry Files

There is always the chance that your system is starting and shutting down slowly due to registry errors. These are often empty files in your registry or broken links that make it difficult for your computer to access the information that it requires easily. Simply getting a registry cleaner and running it once a week is a surprisingly useful solution for how to fix Windows 7 slow startup and shutdown.

Source by George Lomberg

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