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Further
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The Advantages of Refinance - Tony
Refinance - If you have at one time or another bought a home, then you probably heard of the term "refinance." But what is refinance, exactly? Let's go down to the basics. The term financing refers to the act of providing a certain...
Vacation Homes Are Becoming A Reality For More Homeowners - W Troy Swezey
Whether it’s a lakefront cottage or a log cabin in the woods, a vacation home often seems to be a dream that only the wealthy can afford. But these days, you don’t have to be a millionaire to own one. A nationwide survey shows the median...
Are You Tired, Yet? - Joyce C Lock
Are you tired of having more days at the end of the month than money? Perhaps you've missed family time due to overtime ~ just to make ends meet. Maybe, your credit card bills are rising, too. Only, Murphy's Laws go into effect about the time you'd...
Why News Releases Fail - Paul Krupin
Sorry about my otaku with this issue (otaku = more than a hobby, a little less than an obsession). Many of you may know me, since I run Imediafax, the Internet to Media Fax Service. I send out over a million news releases a year for people via...
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B.Y.O.B - Be Your Own Boss
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Written By:
Merlin Banks
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In this article I will cover the basics of setting up a business and also offer some useful tips for first timers who are considering taking the plunge.
To B.Y.O.B is easier said than done. Nevertheless, millions of people do it year after year, and if you are currently dissatisfied with your job, you can either look for a better position in another firm, or you can put your thinking cap on and start thinking about how to B.Y.O.B.
Whatever business it is you intend to start, you will need to have a complete understanding of it in terms of the following points:
• What are the critical success factors of the business ? Does it require specialized knowledge or certain professional qualifications ?
• What are the “things” you need to run this business ? Does it need special equipment, hardware or software ? Can you get them ?
• What about human resources ? Do you have them ? Can you get the people you need easily and cost effectively ?
• What will be the anticipated “burn-rate” of your new business ? Have you considered all possible expenses that might be incurred ?
• How will your business generate revenues ? How fast can you - continued below ...
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collect these revenues ?
• Are you aware of the pitfalls in this business ? What steps can you take to avoid them in order to ensure success ?
Every business needs a business plan where you project your expenses and your income. You will also need to create your cash-flow plan and keep a close eye on it to monitor your progress and to make any necessary adjustments to keep steering it towards success and profitability. Poor planning and monitoring will ultimately lead to failure.
Once you have done your homework and got your finances in place, take positive action! Take the plunge!
Good luck.
Copyright © 2004, MillionEbooks.com. All rights reserved. http://www.MillionEbooks.com
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Permission is hereby granted for this article to be freely published and distributed in e-zines, included in ebook compilations, sold or given away as a bonus provided the article is not modified in any way and the copyright and web links are included as it appears.
About the Author
Business & I.T. Consultant for BRL Global Group s/b
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Dealing with Backorders - Chris Malta
"Dealing with Backorders" It's going to happen. If you're selling on the Internet, there are going to be backorders. As I write this, I have just finished dealing with a backorder situation, and steam is still rising from my ears. By now, I should...
Medical Group Management Association purchases gomembers’ accounting solution - gomembers Inc
gomembers, Inc., one of the leading suppliers of association management software systems announced today that the Medical Group Management Association (MGMA: http://www.mgma.com) has elected to purchase the accounting interface to utilize with their...
Learned Any "Secrets" Lately? - Cathy Bryant
I mean, REAL secrets about business success - the ones that will make you rich? You know as well as I that there really isn't any such thing as a secret - just a truth that you haven't discovered yet. (I read that somewhere and I don't know who...
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