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Monday, December 22, 2008

Tips on Starting your own Small Business

Many of us would like to be entrepreneurs in our own right. Whether the motivation comes from contributing something to the community, or to earn additional stable income, going into a business usually starts small.

Small businesses today thrive more than ever now. Government and other private sectors help individuals live the “entrepreneur dream” by providing financial assistance for capital or business expansion.

To help you out in starting your own small business, follow some of these tips:

Study your niche very well.
It takes time and energy to study, research, observe, and survey the niche you are targeting to hop into. Check all the players in that market. Who are the major ones? Who is your direct competitor? See if you still have a place to do business. It is good to know that the pie is big for everyone.

Know your passion.
Most successful businesses are strongly, emotionally related to its owner. Know your passion well and capitalize on it. If you are to do business, it will be an easier job for you if it is your passion. If your heart is into it, the job is not work but a pleasurable thing to do.

Pool the necessary resources.
Finding funding help can be a little challenging if you are not financially prepared. While credit is a good thing to take when investing for a business, it is recommended that you have your own savings or cash to chip in. There are many institutions out there that offer easy terms of payment and low interest for a start-up business.

Think of the manpower that you will need.
Most start-up businesses are family businesses. It is nice to have some support from family members in running your enterprise, but you should also compensate them for their share. There are both advantages and disadvantages of including family in your labor force. The tip is to really think about what will be cost-efficient, and productive for your business. Think reliability, as well.

Check for buyers and suppliers.
This is critical in doing business. In choosing a supplier, look for the one that can give you the lowest operating expenses. Get service quotes and buyer quotes, as well. Know who your buyers really are, too. Think of your audience.

These are just some of the few tips you can follow. Seminars and trainings are also helpful to attend when you are going to start your own small business. Remember, big things start from small beginnings.

Taken from various Article sites. 
Written by Bizman2008

Paid Surveys at Home for Extra Cash

Have you tried doing paid surveys at home? It's a great way to earn extra cash for the holidays!

What's even better is that you don't need to do OT (overtime work), or consume yourself with road traffic as you go to work. You can simply do this at home, in front of your computer. and voila! You earn the bucks ($$!)

Here's an article from a paidsurvey site that you can try:

Online paid surveys are a great way to earn some extra cash by answering questions about things you know or things you want to know about.

The increasing number of people is involving into the internet paid surveys and is making some extra money by taking some surveys. These people spend little time on it every day but earn a good income. Do you want to become one of them? If you decide to join in, you should know a few points first to make more money.

One thing to consider is you should know that you can make money involving online paid survey business, but there are some fraud programs which attempt to steal your personal information and cheat your money. You should keep enough alert to not trap into these programs. You have to make sure that if you decide on something you have to consider the conditions of it. 

Thus, paid surveys are completely random and anyone can do them, companies can get a more honest opinion on their product from people of all different backgrounds. It is generally provided by a middle company specializing in surveys. Paid survey will email you update on new surveys to take.

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