Common Mistakes Small Businesses Make and How to Avoid Them

Unfortunately very few start up businesses make it beyond their 3rd year. Failure is usually down to a number of clearly identifiable mistakes, which if small business owners are aware of, can increase their chances of survival. Here are the top 10 common mistakes which small businesses tend to make. Lack of Market Research When a budding entrepreneur comes up with an idea for a new business he assumes that because he would buy such a product or service then everyone else will. This may be the case for day-to-day necessities but for other items this is usually not so. It’s important that when you start up you carefully research the market to check that: • There is demand at a level which would lead to a sustainable business • People are prepared to pay the price required for you to make a decent profit Undertaking market research may appear …

Avoiding the Scams: How to Find a Business Opportunity That is Right for You

It is heartbreaking to me that so many women with big dreams get knocked down by ruthless business opportunists who take advantage of a woman’s passion and trusting nature by offering bogus business opportunities. Don’t get me wrong, it happens to men too; it just really frustrates me that women who want nothing more than to operate a home-based business can be taken advantage of so easily and that those pushing the business scams don’t care about their ethics, about busting your budget, or diminishing your self-confidence. If you want to find a business opportunity that is legitimate, you must be cautious in reviewing opportunities and make sure that you find a business that’s right for you. There is a general rule of thumb when trying to find a business possibility that will enable you to work-from-home while generating a significant income. That is, if an offer sounds too good …

How To ‘Toss Your Boss’ And Go Into Business Yourself

The Easy Way: Top 10 Tips On Buying A Pre-existing Business Maybe you’ve always wanted to be an entrepreneur, or maybe you’ve just decided you are sick of working for someone else. Whatever your reason, the prospect of starting a business is exciting, but daunting. If you’ve looked into it, you probably know the statistics: 96 percent of small business startups fail in the first three years. Who wants to risk those odds? Fortunately, there is a better way to become your own boss, with a much higher success rate. You can buy an existing business and skip the startup struggle. Sounds great, right? Before you plug “business for sale” into your favorite search engine and start looking for offers, there are a few things you should know. Buying a business is a process, not an event. If you head into the process without knowing what you’re doing, you negate …

A New Way To Earn Money: How To Find Business Opportunities

The most successful businesspersons in the world are not those who were born with money, or who came by it because they won the lottery. The most successful businesspersons are those who knew what to do with the money they had. They knew where to invest the money, how to make it grow, and how to use it to help other people and themselves. In other words, the most successful businesspersons, and perhaps the richest people in the world, know how to handle money because they know how to recognize business opportunities when these business opportunities came knocking. If you want to earn money and get rich yourself, you need to find business opportunities. Believe it or not, despite our crowded Internet marketplace, and equally crowded brick-and-mortar marketplace, business opportunities still abound. In fact, with the upsurge of products and services, there are even more business opportunities you can take …