Archive for 'Good Business'

Teen Entrepreneurs: Be Your Own Boss!

Friday, June 26th, 2009 at 12:21 pm  
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Do you want to earn your own money but you are too young to qualify for a part time job? Do you have the drive to earn money through hard work and perseverance? Would you rather prefer to be your own boss and earn your own money? Then you surely have the raw ingredients to become a successful entrepreneur. These are the beginnings of an entrepreneur: a good business idea, a desire to make good money, an aspiration to become your own boss. Successful businesses grow from these seeds. If you have these, then you should consider becoming an entrepreneur.

Steps to becoming a Teen Entrepreneur

Entering the world of entrepreneurship is not an easy endeavor. It requires a lot of thought and careful thinking. The first step is very important: you must understand and know yourself and what kind of entrepreneur you can be. Evaluate yourself and find out what interests you; what are the things that are most fun to you; what stuff do you know most about. From your answers to these questions, you can find many excellent ideas to start your own business. You should also ask yourself how hard you are willing to work to make your business a success.

Great Ideas for a Teen Entrepreneur

Being a teen doesn’t mean you can not think up a great idea for business. Think creatively and innovatively, explore different possibilities and solutions to problems, observe the latest trends – from these you can surely spot an excellent business idea you can start on. You can also get great entrepreneurial ideas from friends, family, teachers, library research and the internet. Afterwards, you can start researching about your business idea. Strive to know and understand the ins and outs of your prospective business. You should understand that business essentially involves “buying” and “selling”. Some understanding of the law of supply and demand will go a long way.

Got a great business idea! What now?

Now that you’ve found an excellent business idea, ask yourself the following important questions: Is it practical? Will people take notice of it? Will it fulfill a need? Do you have the capability to realize this business idea? Can you deliver high quality products or services? Is there a substantial demand for your business? If not, can you create that demand? Where will you get the capital to finance your business? All these questions must be addressed before you start establishing your business.

Business Ideas for Promising Teen Entrepreneurs

With the huge array of business ideas that are available for the budding teen entrepreneur, finding the one right for you may be a daunting task. Here are some promising business ideas that promising teen entrepreneurs like you may find interesting.

Teen Entrepreneur Idea # 1: Candle Making

Candles are very popular as home décor and accessories nowadays. You probably have a decorative candle in your bedroom or living room. Why not create your own personalized candles and sell them to your friends and acquaintances. Learning how to make candles is actually quite easy. This makes candle making an excellent idea for money-making. You can start by learning how to make candles and where to buy your materials.

You can find candle making resources and materials from craft stores, community centers and candle-making studios. If you already have family and friends who make candles as a hobby, you can ask them to teach you the basics of the craft. Just be creative and display your artistic nature in the candles you make. Afterwards you can sell your personalized candles to your friends, family members, neighbors, flea markets, bazaars, farmers’ markets, etc. You can also sell your candles through internet malls and eBay.

Teen Entrepreneur Idea # 2: Run Errands

If you like moving around, keeping busy and multitasking, then running errands for other people for a fee can be a good idea for business. As we all know, today’s fast paced lifestyles means that many of the people you know might not have the time to do simple chores such as buying groceries, walking the pet, mowing the loan, washing the car, etc. Why not start your own service business by offering to do these errands for a fee. Ask around your friends, neighborhood and even family members to see if they need someone to do their errands for them. You can also post brochures and flyers that advertise your services.

These are just two of the many business ideas that teen entrepreneurs like you can consider. Just remember that any business endeavor requires hard work and perseverance to be successful. With the right mindset and the right dose of enthusiasm, you can surely start your own business and make money in no time at all.

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Thursday, June 25th, 2009 at 2:50 am  
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Somebody said you have to love what you do, but that’s not necessarily true. What is true is that you have to love the opportunity. The opportunity to build life, future, health, success and fortune. Knocking on someone’s door may not be something you love to do, but you love the opportunity of what might be behind that door.

For example, a guy says, “I’m digging ditches. Should I love digging ditches?” The answer is, “No, you don’t have to love digging ditches, but if it is your first entry onto the ladder of success, you say, I’m glad somebody gave me the opportunity to dig ditches and I’m going to do it so well, I won’t be here long.’”

Getting free from dominating bosses and the possibility to make your own decisions is one of the lures of starting your own business. As attractive as it looks, not everyone is suited for self-employment. Before you go ahead with any plan to start a business it is important to take a close look at yourself and ask yourself some important questions.

Once your business is up and running and things are going fine, you will start to look at how to grow. There are many ways to expand a good business, but first make sure you have your current circumstances under control.

So, before you are tempted to give up or get discouraged, remember all success is based on long term commitment, faith, discipline, attitude and a few stepping stones along the way. You might not like the stone you are on right now, but it’s sure to be one of the stones that lead to great opportunities in the future.

One of the most influential factors in your sales success is your ability to develop relationships. People use emotion in every buying decision. This principle holds true even for sales reps selling business to business, after all, even in a corporate environment the final decisions will still be made by a person. In your quest to develop good relationships with your buyers you do not have to be ingratiating or otherwise insincere, it is simply essential that you pay attention to the way your prospects feel about you, adding a personal element to your approach rather than treating every situation like a cold business transaction.

The significance of relationships in selling can never be underestimated. Whether you are a network marketer selling to your friends or a corporate sales person selling to a buyer, it is important to note that nobody sells to a company. People sell to people and emotions automatically enter into these decisions. How the buyer feels about the seller is bound to have an affect on the sale. In all of your sales endeavors you should ensure that you are polite, kind and gracious, but there is more that you can do to build a relationship in which you have great influence.

Written by Ricco Richardson
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Sfi: Home Business Reality

Wednesday, June 24th, 2009 at 7:43 pm  
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The reality of home business is that not everyone makes it. In fact I knew from my research that 95% are bound to fail. I decided I was going to look for something free. I didn’t want to waste my money if the statistics showed that more than likely I would fail. I found SFI it was free to join so I signed up.

When I joined SFI and started as a free member I was skeptical about the reality of home business. I found out that I wouldn’t make any money unless I became an EA -meaning you either have to make so much in sales every month or you buy so much every month. Even though I was skeptical about the reality of home business I decided to get my EA status the easy way and buy a $30 membership that would give me EA status every month without having to worry about it.

I was put off by this until I realized that by becoming an EA I locked in my position on the powerline and everyone who joined SFI after me would contribute to my check. The first month isn’t much but I calculated it out and within 3 months the SFI powerline will be paying for my EA status without my having to do anything. From there every penny earned on top of that is profit.

For my first month I made $10 with my powerline alone. At this pace the powerline will double every month and within three months the powerline alone will pay for the executive status. With in a year the powerline will actually be making some money, and that is just the POWERLINE which isn’t the main money maker with SFI, just a bonus.

The real money maker is your own affiliates; they hold the real money making power. The one home business reality that I have learned is that you will not get rich overnight contrary to all the ads circulating. It will take time to build and any good business needs investing of time and money. I was willing to invest some money, but not a lot. I thought $30 a month was reasonable and if I could do this for the next year I would see some real profits.

The powerline is just a bonus. The real money comes by referring your own members and if you are really terrible at this there is a co-op that you can join and they will get them for you. Now, the reality of home business with SFI is that the real way to earn money is to get your affiliates to upgrade to EA. Imagine how easy that would be if you tell them that within 3 months their upgrade will pay for itself. How cool is that?!

Whenever my own affiliates go EA they get this great powerline feature as well as getting the power of their own team earning capabilities. The reality of home business it that it takes time, but with a great company like SFI it is a reality that you can have. Start today and by this time next year you will be taking a nice fat check to the bank and patting yourself on the back.

Written by Ricco Richardson
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