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August 1, 2008

When You Talk About Starting Your Own Business, You’ll No Doubt Get Lots Of Advice. Here’s How To Know Which To Listen To And Which To Ignore

 

Just utter the words that you are interested in starting a business, and you will be showered with advices from everywhere. Even people, who have never dreamed of becoming entrepreneurs themselves, will turn into management gurus! Some will be encouraging whereas some can become quite negative. You will be getting lots of advices from all corners. If you are confused about which ones to follow, here are some pointers for you.

The first person whose advice you should seriously consider is your own self. Be very sure about your dreams, aspirations and limitations. You must know what you like and how much you can work in order to achieve your goal. Then start asking those people who you think know you the best. Ask them to give an unbiased criticism of your idea. You can also talk to people who have achieved the “Great American Dream” of owning a successful business.

You will be surprised by the range of the answers you will get. Here are some of them:

Good Advice: Believe in your dreams and ability: People who will see your inner resource will always encourage you to go out and try your luck. But they will also point out the problems ahead as well as your drawbacks.

Bad Advice# Don’t take risks: Many people will try to dissuade you by saying that business is a risky thing and you should not disturb your present life by taking such challenges. But remember that nothing was achieved without risking something, so stay clear of such naysayer.

Good Advice# Look for various avenues while finding finance: Any experienced businessman will tell you that they have got financial backing from unexpected quarters.

Bad Advice# If you fail to find financier, drop the matter: If you listen to such advices, it means that you are still hesitating on whether to be a businessman or not. If you become depressed because one door has closed, then you will never make it big in the business world.

Good Advice# Build network among different groups in your field: In the world of business, you cannot always make it on your own. So, join the groups you think are pertinent to your business and spread the business-card around.

Bad Advice# Fight it out alone, nobody will help you: The persons who give you this kind of advice are cynics who only see the glass half-empty. True, you have to work quite hard for your success, but people always help a hard-working, honest businessman.

Good Advice# Remain true to your core value and expand slowly: Honesty and integrity is essential for being a successful businessman. Never compromise on the quality of your product/service and take each step slowly but steadily.

Bad Advice# Expand as fast as you can and when dire time comes compromise on your quality: Nothing can kill a business like this piece of advice. If you expand just for the heck of it without proper planning and infrastructure, you will collapse like a house of cards. And compromising on the quality of the products/services means that you will lose your core customers and future business possibilities!

July 30, 2008

What Fears Hold You Back From Quitting Your Job And Jumping Into A Franchise?

 

Do you look wistfully at your friends who left their jobs and succeeded as franchisees? Do you dream of following them? But does an uncertain future make you stick to your old and boring job? Then, this is the article for you. Listed are some of the fears that hold us back. Going through this article, you will also come to know how to overcome them!
• It’s a silly thought: All great thoughts, when they were born looked silly. But the difference of dreaming and believing in them lies in your conviction in your capabilities. If you believe that you can do well as a franchisee, then start writing down the reasons for it. The more practical they sound; the more determined you can become to follow your dreams.
• I don’t know anything about the field: You may passionately like a product/concept, but the fear of getting lost in the wilderness makes you stop. But, getting information is not difficult now. Just surf the net; it is full of information on the franchising world. See franchise consultation websites like brandEXPANSION to learn about the inside of the industry as well as the current trends. You also get to know about the various players in your chosen field. Research thoroughly about them and soon, you will come to know everything that you want to know.
• I don’t have the money to start a franchise: It’s true that many franchising businesses need lots of money to start, but equally true is the fact that there are franchises with very low start-up costs. Just go through your financial condition, your assets and liabilities and find out how much you can actually invest. There are franchising businesses available for as low as $25,000 or even less! You can also arrange for loans, if you are sincere about it. Many franchisors themselves will guide you to your entrepreneurial goal.
• How will I pay for the daily needs if I leave the job? This is one of the most important reasons that make people give up their dreams. But, if you plan well and cut your coat according to your cloth, this fear will definitely fade away! If you are a couple and both of you are earning or are capable of earning, that solves the problem to a certain extent. Otherwise, what you can do is keeping a manager to oversee the business while you still continue with the job. You can even do a part-time job to supplement the earnings.
• Will I manage on my own? If you can manage your work independently, then chances are that you can manage a business on your own. But, you will need to work on time-management, communication skills and grow the habit of asking for help (which most of us hate to do).
• The companies won’t take novices like me: That is a very wrong notion about the franchising industry. No other business welcomes first-timers like franchising does. They are easy to train and willing to learn and hence, preferred by franchisors.
• I will put my children and my future into uncertainty: To overcome this fear, always put aside some money for your future requirements and never touch the children trust fund.
So, take a little risk while carefully planning your steps. Soon, you will see your dreams coming true! To know more, make contact with the brandEXPANSION associates.

July 25, 2008

Summer Jobs Still Available in the Middle of Summer

 

If you are a teen still looking for a summer job, or you’re just starting your search, you may have an even tougher time, but you can still make a little money this summer.

As you know, most teens start looking in early spring and most government-funded programs are full by April or May. There are a number of summer jobs for students that may still be available. Within today’s economy times are tough and companies are just not hiring like they used to, but this can be used to your advantage. Instead of hiring a person with years of experience and having to pay them top dollar with health insurance, sick time, etc., it would be more beneficial to hire a teen for the summer or even part-time hours throughout the school year.

Here are tips for helping you get a summer job before summer is over and school starts:

1. Put together a resume if you haven’t already. If this is your first job, you may not have experience under your belt, but you can certainly spice up your resume with volunteer work, activities you belong to in school, good grades, any awards or recognition you may have received. These things stand out to potential employers.

2. Be sure to mention how a potential employer can benefit by hiring you. Express interest in their business and even do some homework to show them that you know what you are talking about. For example, if you are good with plants and you’ve studied them in school, let them know that you have the knowledge and don’t be afraid to express it. A Nursery or a Gardening Supply Store would love to have someone who knows not to over water plants. Other summer camp jobs would benefit from such an example as well.

3. To make a good impression be sure to present yourself in a professional manner and dress. There is nothing a potential employer dislikes more than someone approaching them in jeans and sneakers inquiring about a job opening. Most of the time you will get a “No we’re not hiring.” Even if the position requires you to dress casual, you only get one first impression so make it a good one.

4. Don’t hesitate to follow up with a prospective employer. When you fill out an application, follow up in a day or so by calling or even stopping by. If you have an interview set up, send a thank you note either in person, via mail, or online if possible. This will make you stand out from the rest.

Search the local paper, search local classified papers, the bulletin boards at grocery stores, the library and even online job searches for your area. Ask family members, friends, and even call your school (they do work throughout the summer). There are many different types of summer jobs, such as cruise jobs, so don’t hesitate to search for opportunities that may seem unfamiliar as they can be a rewarding and exciting way to spend the remainder of the summer months. Even this late in the summer, it is not too late to find a job and make some cash.

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