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 …

Affiliate Marketing – How To Get Started In 6 Easy Steps

Affiliate marketing is probably the simplest business model you can choose to build a business. Of course the devil is in the details, as they say, but the overall model can really be broken down into six steps. Before we get to the steps, I want you to ask yourself a question. What do you hope to accomplish with affiliate marketing? This is an easier question to answer than it might seem. There are really only two basic choices here. The first is what I call the “quick buck” choice. In other words, you want to make a few dollars quickly, and you are not interested in building a business. If this is you, all you need to do is …