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  • Added for You - Entrepreneurship as a Career Choice?

    America's Busiest Copywriter Reveals the Biggest Advertising Mistake Ever
    When it comes to advertising, I spend a lot of time telling people what works. Today, we’ll focus on something that doesn’t work. And believe me, this is a biggie.Want to know the biggest mistake 99% of ALL businesses make when it comes to advertising? It’s in their headline. Most advertisers fail to make a meaningful and/or fascinating statement of benefit in their headline.Here’s a good example:A chiropractor runs an ad with the headline “Affordable Chiropractic Center,” which also happens to be the name of their company. Sounds like a decent he
    ess Personal Objectives
    • Identify the Business Opportunity
    • Define your Business Concept & Model
    • Conduct sufficient Market Research
    • Develop the Strategic Plan
    • Define Operating Plans
    • Prepare Financial Projections.

    Business Plan – Recommended Table of Contents
    1. Executive summary
    2. Concept and business opportunity
    3. Mission, Vision, Values
    4. Market analysis
    5. Competition
    6. Strategic plan
    7. Management team and Organisation Plan
    8. Product and Service offering
    9. Marketing and Sales plan
    10. Operations plan
    11. Risk analysis
    12. Financial plan
    13. Appendices

    With all that preparation and analysis completed you will be ready to look at financing your Business Plan. There are many alternatives available, but you will probably go

    Target and Define Your Organization's Mission Statement
    A mission statement is simply an encapsulation of the mission of a particular organization – its purpose, its goals and how to achieve them. A mission statement may also be considered a blueprint for success, streamlining the efforts of an organization’s executives as all decide the direction the organization must head, delineating the perceived best paths towards objective fulfillment.It is not an easy exercise to target, define and create a mission statement – at least one that motivates employees, has bold and aspirational qualities, outlines concrete strategies, and galvanizes interest in those outside the or
    Before you make the leap into starting your own business, ask yourself these four questions:

    • Is it really a better personal career choice?
    • What do I need to know to decide?
    • How can I prepare myself?
    • How do I get started?

    In this article, I will help you find answers to those key questions by relating to my own experience as both a corporate manager and an entrepreneur in addition to what I have learned from more than 15 years of consulting to owner-managers.

    Do really want to own your own business? The advantages are attractive, but don’t forget the disadvantages that are an inevitable part of the choice.

    Advantages
    • Unlimited opportunity
    • Freedom, independence
    • Continuous challenge, variety
    • Your choice of management style
    • Responsible for and involved in the whole business
    • If the business does well, you do well

    Disadvantages
    • Still limits to what you can do or control
    • Many people are now dependent on you
    • Requires skills and knowledge you probably do not have
    • Higher risk, less secure financial future
    • Cannot leave it at the office

    The next step is to assess whether you are the Entrepreneurial type:
    • Personal expectations and preferences – life style, work environment, rewards, compensation method?
    • Personal strengths and weaknesses?
    • Education, training, contact network?
    • Characteristics of an entrepreneur?
    • Independent, confident, persistent, action-oriented, risk taker. Passionate, leader, achiever, communicator.
    • Solid foundation – family, physical, financial health?
    • Additional resources available – partners, suppliers, key customers, employees?

    If you are still determined to proceed, consider which business option best meets your entrepreneurial ambitions:
    • Home based business, multi-level marketing
    • Independent contractor – trade or professional
    • Sales agent – insurance, real estate, financial services
    • Franchisee – retail, fast food, business services
    • Independent business – local, national, global
    • Retailer, hospitality, food services, consumer services
    • Manufacturer, distributor, service businesses
    • Internet or technology business
    • Entrepreneurial role in a corporate environment

    Once those choices are made, the next question is: What is my business opportunity?

    Your selection will be based on your personal knowledge, experience, and contacts:
    • Opportunities that match my capabilities?
    • Market need?
    • Current solutions available?
    • What is my proposed solution?
    • Confirmed by market test, customer feedback?
    • How do I make it profitable?

    Now you are ready to document a Business Plan.

    Why do I need a Business Plan?
    • To develop and document your business concept, strategies, action plans and projected financial results as a guide for management.
    • To provide necessary information for potential sources of financing.
    • To attract new investors, strategic partners, or key employees.

    When do I need a Business Plan?
    • New Business Start-up
    • Launch a new product/service
    • Enter a new market
    • Strategic review and performance diagnostic of an existing business
    • Prepare a business for sale, merger, acquisition or succession

    Business Planning Process and Checklist:
    • Assess Personal Objectives
    • Identify the Business Opportunity
    • Define your Business Concept & Model
    • Conduct sufficient Market Research
    • Develop the Strategic Plan
    • Define Operating Plans
    • Prepare Financial Projections.

    Business Plan – Recommended Table of Contents
    1. Executive summary
    2. Concept and business opportunity
    3. Mission, Vision, Values
    4. Market analysis
    5. Competition
    6. Strategic plan
    7. Management team and Organisation Plan
    8. Product and Service offering
    9. Marketing and Sales plan
    10. Operations plan
    11. Risk analysis
    12. Financial plan
    13. Appendices

    With all that preparation and analysis completed you will be ready to look at financing your Business Plan. There are many alternatives available, but you will probably go

    Why Branding Yourself Is Vital For Your Business
    You’ve ever wondered why coca-cola is selling more than Pepsi? Even though in test Pepsi have shown to be picked most by it’s taste?You guessed it, branding.If you’re running an online business it’s vital for you to brand yourself. If you are into affiliate marketing and want to make it big. Don’t just send people away through the affiliate link, capture their information in an autoresponder.If you are making a blog, don’t just call it something be sure to stamp it with your name and your business name as often as possible without ruining it of cause.How do you brand yourself effective you mi
    • If the business does well, you do well

    Disadvantages
    • Still limits to what you can do or control
    • Many people are now dependent on you
    • Requires skills and knowledge you probably do not have
    • Higher risk, less secure financial future
    • Cannot leave it at the office

    The next step is to assess whether you are the Entrepreneurial type:
    • Personal expectations and preferences – life style, work environment, rewards, compensation method?
    • Personal strengths and weaknesses?
    • Education, training, contact network?
    • Characteristics of an entrepreneur?
    • Independent, confident, persistent, action-oriented, risk taker. Passionate, leader, achiever, communicator.
    • Solid foundation – family, physical, financial health?
    • Additional resources available – partners, suppliers, key customers, employees?

    If you are still determined to proceed, consider which business option best meets your entrepreneurial ambitions:
    • Home based business, multi-level marketing
    • Independent contractor – trade or professional
    • Sales agent – insurance, real estate, financial services
    • Franchisee – retail, fast food, business services
    • Independent business – local, national, global
    • Retailer, hospitality, food services, consumer services
    • Manufacturer, distributor, service businesses
    • Internet or technology business
    • Entrepreneurial role in a corporate environment

    Once those choices are made, the next question is: What is my business opportunity?

    Your selection will be based on your personal knowledge, experience, and contacts:
    • Opportunities that match my capabilities?
    • Market need?
    • Current solutions available?
    • What is my proposed solution?
    • Confirmed by market test, customer feedback?
    • How do I make it profitable?

    Now you are ready to document a Business Plan.

    Why do I need a Business Plan?
    • To develop and document your business concept, strategies, action plans and projected financial results as a guide for management.
    • To provide necessary information for potential sources of financing.
    • To attract new investors, strategic partners, or key employees.

    When do I need a Business Plan?
    • New Business Start-up
    • Launch a new product/service
    • Enter a new market
    • Strategic review and performance diagnostic of an existing business
    • Prepare a business for sale, merger, acquisition or succession

    Business Planning Process and Checklist:
    • Assess Personal Objectives
    • Identify the Business Opportunity
    • Define your Business Concept & Model
    • Conduct sufficient Market Research
    • Develop the Strategic Plan
    • Define Operating Plans
    • Prepare Financial Projections.

    Business Plan – Recommended Table of Contents
    1. Executive summary
    2. Concept and business opportunity
    3. Mission, Vision, Values
    4. Market analysis
    5. Competition
    6. Strategic plan
    7. Management team and Organisation Plan
    8. Product and Service offering
    9. Marketing and Sales plan
    10. Operations plan
    11. Risk analysis
    12. Financial plan
    13. Appendices

    With all that preparation and analysis completed you will be ready to look at financing your Business Plan. There are many alternatives available, but you will probably go

    Fascinating Ways to Make a Living Doing What You Love May Be Closer Than You Think...
    You don’t have to look very far to find fascinating ways to make a living. Opportunities are literally everywhere… if you’re looking, that is. It seems I can’t turn on the television or radio or open a magazine or newspaper without seeing at least one good business idea. Maybe that’s why, as we were winding down a consulting session the other day, one of my clients said to me, “Boy, you sure have a lot of information in your head.” I appreciated the compliment, but Julie was only half right. When you’ve been in the business of helping people change course for as long as I have, it’s only natural I’d know a l
    employees?

    If you are still determined to proceed, consider which business option best meets your entrepreneurial ambitions:
    • Home based business, multi-level marketing
    • Independent contractor – trade or professional
    • Sales agent – insurance, real estate, financial services
    • Franchisee – retail, fast food, business services
    • Independent business – local, national, global
    • Retailer, hospitality, food services, consumer services
    • Manufacturer, distributor, service businesses
    • Internet or technology business
    • Entrepreneurial role in a corporate environment

    Once those choices are made, the next question is: What is my business opportunity?

    Your selection will be based on your personal knowledge, experience, and contacts:
    • Opportunities that match my capabilities?
    • Market need?
    • Current solutions available?
    • What is my proposed solution?
    • Confirmed by market test, customer feedback?
    • How do I make it profitable?

    Now you are ready to document a Business Plan.

    Why do I need a Business Plan?
    • To develop and document your business concept, strategies, action plans and projected financial results as a guide for management.
    • To provide necessary information for potential sources of financing.
    • To attract new investors, strategic partners, or key employees.

    When do I need a Business Plan?
    • New Business Start-up
    • Launch a new product/service
    • Enter a new market
    • Strategic review and performance diagnostic of an existing business
    • Prepare a business for sale, merger, acquisition or succession

    Business Planning Process and Checklist:
    • Assess Personal Objectives
    • Identify the Business Opportunity
    • Define your Business Concept & Model
    • Conduct sufficient Market Research
    • Develop the Strategic Plan
    • Define Operating Plans
    • Prepare Financial Projections.

    Business Plan – Recommended Table of Contents
    1. Executive summary
    2. Concept and business opportunity
    3. Mission, Vision, Values
    4. Market analysis
    5. Competition
    6. Strategic plan
    7. Management team and Organisation Plan
    8. Product and Service offering
    9. Marketing and Sales plan
    10. Operations plan
    11. Risk analysis
    12. Financial plan
    13. Appendices

    With all that preparation and analysis completed you will be ready to look at financing your Business Plan. There are many alternatives available, but you will probably go

    Small Business - Big Results
    If you’re a micro business (less than 5 employees), then you’re competing against large, well resourced retail / service organisations for customers. This can be pretty scary. But don’t be discouraged, you’ve got more clout than you think. For example, in Australia, micro business represents 47% of the private sector. That’s Australia’s biggest employer! So, not so shabby after all, are you?World trends are showing a remarkable growth in micro business start ups, all due to the Global Economy and e–business. But you can’t compete head on with big business. They’ll squash you like a bug if you try. So how do you
    ?
    • Current solutions available?
    • What is my proposed solution?
    • Confirmed by market test, customer feedback?
    • How do I make it profitable?

    Now you are ready to document a Business Plan.

    Why do I need a Business Plan?
    • To develop and document your business concept, strategies, action plans and projected financial results as a guide for management.
    • To provide necessary information for potential sources of financing.
    • To attract new investors, strategic partners, or key employees.

    When do I need a Business Plan?
    • New Business Start-up
    • Launch a new product/service
    • Enter a new market
    • Strategic review and performance diagnostic of an existing business
    • Prepare a business for sale, merger, acquisition or succession

    Business Planning Process and Checklist:
    • Assess Personal Objectives
    • Identify the Business Opportunity
    • Define your Business Concept & Model
    • Conduct sufficient Market Research
    • Develop the Strategic Plan
    • Define Operating Plans
    • Prepare Financial Projections.

    Business Plan – Recommended Table of Contents
    1. Executive summary
    2. Concept and business opportunity
    3. Mission, Vision, Values
    4. Market analysis
    5. Competition
    6. Strategic plan
    7. Management team and Organisation Plan
    8. Product and Service offering
    9. Marketing and Sales plan
    10. Operations plan
    11. Risk analysis
    12. Financial plan
    13. Appendices

    With all that preparation and analysis completed you will be ready to look at financing your Business Plan. There are many alternatives available, but you will probably go

    Advertising with a Webpage for Internet Marketing Profits
    Businesses can benefit from a web presence. Even the smallest business can use a "business card" website. Planning your webpage for profits - both now and in the future is the trick.First you should look at your budget. What percent of revenues or what dollar amount per year have you budgeted for advertising and/or marketing? Considering a website can be much less expensive than many other forms of advertising, and that a website can produce a higher profit margin than many other forms of advertising you almost certainly have to have a webpage.For most small, local and regional businesses, the only for
    ess Personal Objectives
    • Identify the Business Opportunity
    • Define your Business Concept & Model
    • Conduct sufficient Market Research
    • Develop the Strategic Plan
    • Define Operating Plans
    • Prepare Financial Projections.

    Business Plan – Recommended Table of Contents
    1. Executive summary
    2. Concept and business opportunity
    3. Mission, Vision, Values
    4. Market analysis
    5. Competition
    6. Strategic plan
    7. Management team and Organisation Plan
    8. Product and Service offering
    9. Marketing and Sales plan
    10. Operations plan
    11. Risk analysis
    12. Financial plan
    13. Appendices

    With all that preparation and analysis completed you will be ready to look at financing your Business Plan. There are many alternatives available, but you will probably go through these sources of financing as you proceed with your plan:
    • Personal investment, cold cash
    • “Sweat equity” – time and effort, not paid
    • “Love money” – willing friends & family
    • Bank financing – term loans, line of credit
    • Angel investors – passive, active, added values
    • Government funding, special loans, grants
    • Venture capital – private equity
    • IPO – Initial Public Offering

    Is entrepreneurship the right career choice for you? These questions and approaches should help you decide and to develop a plan to succeed. Good luck! That also helps.

    Del Chatterson
    DirectTech Solutions c 2007

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