Today's Top TipOnline business plan scams are alive and doing very well. There's even a new wrinkle: the "crowd funding". Trust me, no one makes money but the promoters in this scheme.
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Just owning a business doesn't make anyone an entrepreneur. Learning how to become an entrepreneur takes a bit more savvy.
Start A Business Now? Expand? You've Got To Be Nuts
You bet. This is precisely the best time to start or grow a business.
Being an entrepreneur means looking beyond the obvious challenges to find the real keys to success. And right now is a great time for most businesses, whether that business is just starting up, or is looking to expand.
One of the great fallacies of an economic turndown is that businesses should contract, cut back, do less, hire less, be less conspicuous. That is just not true. This is the time to grow, to crow, to become more than you are right now. The entrepreneur knows that this is a great time to start and grow most businesses.
Let's look at a few "for instances". Learning how to become an entrepreneur means that you are behind some very key business concepts. For instance, you know that ...
Now is the time to negotiate or re-negotiate your lease. Vacancies everywhere are threatening to destroy shopping malls and light manufacturing alike, not to mention business building vacancies. Landlords need you. They will negotiate.
Now is the time to buy product at discount. Your suppliers have had a rough couple of years. They need your business. They will negotiate cost and terms.
Now is the time to promote your business. Advertise, yes. But more than that, learning how to become an entrepreneur means using your creative abilities to promote your business via free press releases and community projects.
Now is the time to re-negotiate any loans. Your banks needs solid businesses. Re-negotiate that loan to make your business more profitable.
Now is the time to start fresh with employees. New businesses have an advantage here: they aren't tied to old pay scales. Great employees are available now at a lower cost than ever before.
Now is the time to take your business international. Those who know how to become an entrepreneur also know how to create an international presence via the web. Most businesses can very effectively expand by growing internationally with all or part of their business.
Now is the time to begin fresh. Existing businesses may be tied to old leases, old salaries, old debt. Starting fresh now, in nearly any business, gives you a competitive advantage that just cannot be duplicated any other time.
Forget everything you may have heard about "rescue plans" and "new programs". The bottom line truth is that few, if any, of these new financing programs will help your business. Learning how to become an entrepreneur means learning how to work with business financing in creative ways that ordinary business people don't. The entrepreneur understand that ...
There are no handouts. Neither the government nor anyone else is going to give you money to start or grow your business.
There are business partners all over. Whether or not you call them "partners", your suppliers, bankers, landlords, employees are all all partners. Treat them like it. When money is tight, they can all help.
There are lines of credit available. Go in prepared, with a strong business plan.
There are equipment leases available. Have your business plan in hand and show how the lease will benefit your business.
There are short term loans available. Long term loans -- heck, long term anything -- are hard to come by. The future is still an unknown. So go for short term. Pay it off and go again for short term.
There are limited angel investors and venture capital funds. Don't be deceived by those who promise you access to thousands of investors. It just ain't so.
There are high interest loans available. But just because they are there, it doesn't mean your business should use them.
For several decades business was built on credit. We got pretty used to it, even expected it. The credit world as we know it is collapsing. Now, more than ever before, the entrepreneur will be dependent on his own talents and resources. Business grants may once have been in style, but now bootstrapping is now a way of life for entrepreneurs.
Businesses now start smaller than they did just few a years ago. But they are more successful because they have a more solid foundation.
Businesses work on cash far more than on credit, and that helps create that solid foundation.
"Entrepreneur" sounds like someone who operates on gut feeling, but that is not it at all. Learning how to become an entrepreneur means learning all there is to know ... and demonstrating that knowledge in a business plan.
Back in the days of the dot-com burst, there were a few companies that got founded based on scribbles on a napkin, but those days are long gone. Now it doesn't much matter if your company needs a lease reduction or a large equipment purchase; with a business plan in hand, your odds are better, and your interest rates will be better.
Learn everything you need to know. Then distill that knowledge into a business plan. You will be amazed at the doors that open for you.
We believe in business. We believe in entrepreneurs. We want to help you as you learn how to become an entrepreneur ... as you become the entrepreneur you always wanted to be.
We believe in you.
We all do "do, re, mi", but you have to find the
other notes yourself.
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Start Up Right Now. Work through your options. Become the entrepreneur you want to be.
Create a great business plan, a successful business plan. Learning how to become an entrepreneur means learning how to convince others of the strength of your business. Here's how.