Monthly Archives: January 2016

13 Factors That Make Your Business Ideas More Attractive to Investors

13 Factors That Make Your Business Ideas More Attractive to Investors

Being a successful entrepreneur is very different from being a good idea person or even being a prolific inventor. While it is often overlooked, the reality is that it takes much more to become a business success than just having a good idea and access to money.

Before going out to deliver your next pitch to a potential investor, try using the below checklist to make sure you have a favorable rating for each of the following factors that should make you even more attractive to an investor.

How heartbreaking would it be if your great idea wasn’t able to become a viable business entity because you didn’t prepare the best environment for it to survive. Why not become the whole package instead of just focusing on one ingredient?

How would you rate yourself for the following:

Your Passion, grounded in a good business sense, is vital to show you will not give up as soon as the going gets tough.

Your Attitude needs to exude confidence, enthusiasm, respect and realism. As soon as you cross the line into arrogance, desperation or delusional behavior, others will quickly sense that and run the other way.

Your Work Ethic shows that you care and are committed to the success of your business, your customers and those that invest in you.

Your Business Model needs to show that you know your numbers. You won’t be profitable if you don’t know your industry, can’t control your costs and don’t have solid margins.

Your Business’ Health needs to be strong and growing before you request assistance from others. Investors aren’t interested in bailing you out of bad financial decisions or a struggling existence.

Your Idea’s Originality needs to be covered by patent protection if the concept can easily be copied and manufactured quicker and cheaper by a competitor.

Your Recent Sales History is your proof that there is a market for your product or service idea. It is your job to prove your concept first.

Your Current Investment In Yourself tells others what you have already tried, uncovers any red flags, and suggests where additional assistance can be provided.

Your Future Plans are an indication of how much planning you have already put in, what direction you are moving towards, any contingency plans you may have, and how you plan to spend future investment resources.

Your Business Valuation and expected growth rates need to be grounded in reality. Do you know what you want/need? Can you think on your feet if you are put on the spot to make a quick decision on an offer?

Your Current Partners demonstrate that know how to supplement any gaps in your areas of expertise and can fill them with the right people.

Your Pitch shows that you can clearly and enthusiastically explain what business you are in, i.e., what your product is and what problem it solves.

Your Personality is the first impression you make that reflects your salesmanship, your trustworthiness, and your compatibility to work through any difficulties or conflicts with others.

Make Money From a Hobby Home Business Ideas

Make Money From a Hobby Home Business Ideas

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Are you aware that you can indeed make money from a whole variety of hobbies or pastimes and in some cases build a lasting and successful business

There are a great number of people who have done that and in fact there are a number of major corporations throughout the world that developed into a real and successful business, that started in the garage or a piece borrowed property.

Do you know there are many ways of making additional income from such a business?. These products can be things you make yourself or things you commission to be made and there is a vast range of items you could consider.

For example you may be wonderful at cake making and everybody admires your creativity and expertise. You can set up a little business making cakes at home for people. You start with friends and family of course, though they are less easy to charge a decent amount to, but you will be surprised how quickly word will spread and how much business you could actually have in a very short space of time. Word of mouth is the best and cheapest form of advertising that exists.

You need never run out of ideas either. There are hundreds of ideas available for cake making and it is easy to discover just how many options you have. There are a few cake-making clubs around too which you can join and will keep you in ideas and tips and tricks for ever and help for as long as you need it. You will always be able to offer new and exciting creations that everyone will want and you will be restricted only by how far you want to travel in your business venture.

This is only one option of course and there are dozens of other choices that can be great fun and also turn a very nice profit too.

Making Chocolate at Home. A wonderful business idea, as chocolate is always in demand and despite the continuing economic crises world wide, chocolate sales have actually risen. You can learn not only how to make really delicious chocolates, but also how you can present them. A very important factor in marketing anything, but for chocolates just that little bit more special.

Incidentally there is also a book available that tells you how you can diet with chocolate. Sounds like every woman’s dream.

Soap Making. There are a number of quality publications that show you how from preparation to making the soap to the very last step of cutting the soap. The surprising truth about one of your key oils. They explain

Why cheaper is actually better when it comes to a few of your supplies and ingredients.
Find out where to get a main ingredient absolutely FREE!!!
Keep the guide next to you for a step by step view by view guide. You can’t get lost or confused. It’s all there. You will become a complete success!!
You will see in the guide exactly what the soap will look like at every stage. I have left nothing out.
Money saving tips on where to get all your ingredients and tools. You will be able to get supplies quickly and easily. You can get everything you need close by. It’s easier than you think.
Candle Making. There is a mind-boggling amount of candle making information currently available online and offline. Did you know that in the US alone, the typical Candle Making home-based business earns between $25,000 – $35,000 USD per year? Yet… by selling your own candles, the right way, that revenue could exceed $50,000 per year!

Face Painting. Just how popular is that at children’s parties for example. Become the expert in your neighbourhood.

Imagine being asked to volunteer at your child’s school fund-raiser or a charity event. How great would it feel to be able to say “I can raise money by Face Painting”? Can you visualize your Face Painting booth with ten or twenty kids in line?

Wouldn’t it be great to treat your children or grandchildren on a rainy day by bringing out the face-paints and creating a memorable masterpiece on their cheek, hand or arm?

It’s Easy, Fun and Really Rewarding! And within a few days, you could learn an art that could:

provide memories, joy and laughter for children,
provide you with a unique talent and creative outlet, even if you thought you didn’t have a creative bone in your body,
give you a service that you can offer as a way to raise money for your favourite charities, schools or other organization
with additional training, provide a part time income to you and your family!
Then of course there are the long standing favourites of Knitting and Quilt-Making.

This is just a few of the more popular ways you could earn some cash. How much you earn depends, as always on how much you put into it. It’s true that not all of these will make you a fortune, but you will be surprised at how much you can earn. Not only can you earn, but you can also have a lot of pleasure doing it.

Small Business Ideas to Help You During Economic Downturn

Small Business Ideas to Help You During Economic Downturn

Are you looking for ideas that will help your business sail through some really difficult economic times? Or are you looking for ideas for businesses that will be successful, despite the financial slump you see all around? Either way, the answer lies within you. The creative ideas have to come from within you. If you feel that things are going too slow, do not be dejected. Because if you lose heart, then recovering your confidence will be difficult. With your true confidence you can come through all tough spots and be a winner.

The first thing to do would be to forget that you are in a bad economy. You have to have a winning attitude. If you believe things will improve, they will. So the first thing is to keep yourself feeling positive. This is just a phase, a stage of your life and like all other stages, this too shall pass. You just have to keep your focus on your goal and be mentally prepared to face anything.

Next, call a meeting of your staff. Ask them to contribute to their thoughts and ideas. Listen to them and take notes. Try to chart out a list of problems you are facing and are likely to face. Then work out how you will cope up with each problem. Let every member contribute. Brainstorm on every aspect of the business from all angles possible. Do not reject any of the small business ideas the others come up with without giving it a thorough thought. Weigh the options well. Look into the pros and cons of every suggestion. If the idea is not of merit now but can be used in future, make a note of it.

Even before you start asking others for small business ideas, there is something that has to be done. You have to build a feeling of team spirit. Make every member associated with your organization feel special. Every one of them is going to contribute to the success of the business and they all have to feel needed. Prepare a motivational speech. Speak from your heart. Strike a positive note that all can identify with and then get down to the task of getting everyone involved in creative ways to develop more sales and improve business.

Have a dialog with your vendors and pick their brains for creative ideas and thoughts. Find out what others in your industry are doing. Look for the positive and not the negative.

Always remember that others have been successful during tough times too. There are many great visionaries who had to face challenges before the world accepted their genius. So when you want small business ideas or are sailing rough seas, say to yourself that if they could do it, you can too.

Top 3 Creative Home Business Ideas for Stay at Home Moms

Top 3 Creative Home Business Ideas for Stay at Home Moms

When it comes to making money from home, there are many scam sites operating that claim to make you rich overnight. Not all, but most of these sites are straight forward scams; just trying to earn easy money for themselves. As you know cost of living is increasing day by day so many people are now interested in finding some legitimate free home business ideas. It’s been noticed that stay at home moms are now looking for creative home business ideas more than ever. Fortunately, there are many ways you can use to make money from convenience of your home. Below I am going to share top 3 methods of making money for stay at home moms.

Rent out a room in your home:

If you can manage to free up a room in your home then renting it out to some student or anyone else could be a good way to earn easy cash each month. See, it doesn’t going to cost you anything to start. If you can also manage to offer some other facilities like meals, laundry etc. then you can get much better compensation for your room. Make sure to check the background of your prospective lodger. Set up a detailed interview to know more about him/her. Ask them about their daily routines, and how do they spend their weekend. Tell them what you don’t like and expect from them, and tell them straight forward that what you are not going to bear in your home.

Be a tutor:

Are you good at some science or business subjects? Do you like teaching? If so, starting a tutoring business could be a profitable business idea. You can find students in your area or could also offer your services online. In case of using internet, you need to have a good internet connection along with a good quality webcam. Tutoring business is one of the great creative home business ideas and, in most cases, doesn’t cost even a single dollar to start.

Be a virtual assistant:

Virtual assistant businesses are gaining popularity day by day. If you are a punctual, well-organized and disciplined person with good communication skills then virtual assisting is a perfect free home business idea for you. There are many sites online where you can create your profile and employers can contact you from there or you can also apply to job listings on different freelance sites. There are many busy entrepreneurs around the globe who don’t have time to manage their to-do list themselves so they usually prefer to hire a virtual assistant for this. Virtual assistants are usually meant for performing a variety of tasks that sometimes may require some basic trainings for efficient performance. To get necessary trainings, the best way is to use the internet. There are many sites that are providing free virtual assistant training, tutorials and other useful tips to keep you updated with the latest trends in virtual assisting business. All you have to do is to sign up for a couple of those sites and take all their lessons and tutorials carefully.