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5 Most Important Characteristics of an Entrepreneur

Being an entrepreneur is tough business. In almost every industry, becoming an entrepreneur means that you take on a ton of risk without being able to have a clear path of where you are going. In the internet startup and internet marketing space, it is not nearly as romantic as it sounds. You often hear about garage entrepreneurs who start businesses in their house, eat nothing but ramen for 6 months, and become full fledged successes. What people don’t know is that a lot of those over night successes were 5-10 years in the making. It take a special individual to succeed as an entrepreneur:

Tenacity. You have to be able to feel and the fear and do it anyways. Whether it is making that cross country trip to meet with top tier investors, Cutting your staff by 50% because you didn’t make your numbers, or closing a sales account, you have to be able to move in the face of rejection. Entrepreneurs have to constantly be able to pivot. Truth is, most businesses don’t end up how they first envision it. Microsoft started out selling a programming language and only after landing the DOS contract with IBM were they on the path to where they are today.

Persistence. This relates to tenacity. Entrepreneurs are often met with significant challenges that require them to push through by pivoting and finding creative solutions to difficult problems. First time entrepreneurs who seeking venture capital know that it takes persistence to find people who are willing to listen to them. They sell the vision.

Ability to Sell. You must be able to sell your idea to get funding. You must be able to sell your company vision to attract top tier talent. You must be able to sell your product in order to get revenue. Everything in the business world is a value exchange. If the value I give you in my product has a perceived value equal to the money you give up for it, a transaction is made.

Leadership. You must be able to communicate your vision to the people who work with you. More and more corporations are realizing the importance of leadership especially in the middle manager ranks and are looking to the army reserve to fill that void.

Hustle. This is another name for street smarts. You have to be informed and be able to take limited resource to create miracles. The majority of the time you will be underfunded, understaffed, and undervalued; the mark of a great entrepreneur is to make value out of something that wasn’t there before.

When you look at the great entrepreneurs of our time; Steve Jobs, Bill Gates, Richard Branson, and Jeff Bezos, you will see that they have most of these qualities. The thing that makes them great is that they had these qualities and were also involved in great markets. They were also able to recruit the team to make it happen.…

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Business News Articles

What Are the Benefits of Home-Based Business Ideas?

Home-based businesses are among the most viable options in times of economic depression such as now. It can either be used as a way to complement your current income or as a full-time venture. With the Internet serving as a platform to connect with millions of global users and buyers, you have a powerful money-making tool in your hands when utilized correctly. With that in mind, we will look at among the many benefits that are associated with home-based business ideas. 
Home-based businesses transcends all boundaries without taking into age, gender and qualification. This will mean that you, as an unemployed graduate has just about the same level of opportunity to start and succeed as a housewife with 2 young children. Using the Internet as a platform to make business transactions is nothing out of the ordinary. Millions of Internet marketers as well as average users utilize it in many different ways to make money.
As mentioned earlier, one does not need any formal education or qualification to be able to get themselves involved in online-businesses from home. The more important variable that can possibly determine the outcome and success and failure is the knowledge or skill involved. For that matter, it is of utmost importance that enough preparation and research is conducted based on the specific targeted niche market. As an example, I will use a freelance copy writer who is home-based. Before anything else, you will need to possess impeccable English language skills such as from the grammar, punctuation, spelling and sentence structure aspects.
Research is important if you are to succeed since copy writing often requires you to be versatile. You will have to be able to write about many different subjects and topics; even those that you are absolutely unfamiliar with. In addition to this, you might want to do your own research for the specific markets you can get involved in. For instance, if you think and feel that you are well-suited in the field of travel copy writing, you should research markets which offer opportunities for travel writers.  
Another main benefit of a business that is based from the home is the freedom and flexibility contained. Unlike a conventional office job, you can work as much or as little as you want. There will be no one to boss you around and to pressure you for the meeting’s minutes or project tender. 
The above are some of the most commonly-known benefits of home-based business ideas. You will be your own boss earning your own money and deciding when and how you would like to work.…

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Business Line

Reasons For Launching A Home-Based Business

Home-based business ventures are getting to be more popular. It is not only meant for housewives, adult citizens or paraplegics nor is it limited to part-time work. On the contrary, it can be the family’s major source of income if planned well. Working from your residence through home based business ideas has many advantages.
It is profitable since you will have more time to spend for work and less for travelling. The time that is allocated for commuting can be utilized to put in extra hours for your enterprise. If your business operations are confined to a particular space in the house, there is no need to lease an office space and pay for extra utilities. You have the prerogative to hire a minimum number of employees or add more people. It is easy to extend or shorten working hours since you own the place.
Are you a solo entrepreneur? This is a big benefit because you can always be flexible with working hours. It is convenient to manage the business and cope with personal responsibilities. Internet technology (email, Skype and social networking sites) makes it possible to transact business at anytime of the day. You can accommodate clients from different parts of the world who have varying time zones.
You acquire more tax benefits by operating from a home and office. It is possible to take away a fraction of household expenses like mortgage interest, property taxes, utilities, repairs and maintenance against your business revenues. This can be done if your home is the principal place of business. You can subtract balanced amounts of the total expense directly related to your enterprise. With home based business ideas, overhead costs can be kept to a minimum since you do not pay for rentals, electricity and telephone bills. There is lesser depreciation of your car and very little expenses for commuting, gasoline and spare parts.
It is natural for businesses to fail so startup businesses launched from the home will be ideal for testing the waters before investing funds in a bigger undertaking. The main thing is that a business from the home allows you to enjoy independence and elasticity. These are vital to you especially during your initial years in this trade. This provides you with more opportunities because many companies and industries are currently experiencing an economic downturn. Besides, downsizing in the corporate world makes telecommuting more prolific.
More people are becoming more entrepreneurial and uncovering the upsides or managing businesses from the comforts of their own residences. Employment opportunities are getting to be in short supply and prospects for promotions are gradually decreasing. With home based business ideas, your chances are brighter. Professional advancement is even better since you can learn different fields of specialization such as marketing, business development, book keeping and drafting communications. In other words, you become an expert in running the business. You will have more time for family and personal interests while enhancing your creativity. At the same time, you establish a money-making vehicle for your innovativeness.…

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Online Business

Tips for Running Your Home Beading Business

Are you home from college or on your vacation and don’t know what to do? Here is an idea for you: a home beading business. Beading can either start as a hobby or you can simply get into it for the purpose of earning that extra coin for your bills. In the contemporary world today, people are coming to appreciate the beauty of nature and their culture. Most communities’ cultures are denoted by beads for instance the Masai community in Kenya. As you settle for your beads business, here are some tips that will guide you in the home beading business.
One thing that you will consider is the source of your home business ideas. Your culture and the society around you can be a major source. From them you will be able to obtain the best ideas about preference. These people will not only act as your first market for your hand carved beads but also can be your major beads supplies since they could be dealing in supplying beads to their customers. You should ensure that your beading supply is constant and that it is supplied at an affordable cost.
Starting a home beading business could be also a daunting task if you do not have enough capital to start the business. So as you are collecting your home business ideas, you should ensure that they are viable and the capital outlay is within your reach. You should also ensure that that the labor required is cheap, that is why it is recommendable that you do the hand carved beads that does not require much effort. Hand carved beads also has a wide market since they are unique. They are less tasking, all you need is to master the skill of putting them together according to your customer’s specifications or according to your preferred designs. You should thus make sure that all symbolize about culture so as to widen your market.
Another point that you should look into is your beading supply. Despite the fact that a home beading business looks simple, you could mess it up if you don’t get the proper bead supplies. You should thus ensure that your supplies have a wide range that is from glass, crystal metal and wood. This ensures that you can also be in a position to create a variety of jewelry, for instance the hand carved bone beads which you can remold and make them unique for resale.
Your suppliers should not only provide you with bead supplies but also provide you with stringing materials like leather beading threads and needles to help you put your beads together with the mastered skills. The beading supply can also come along with some manuals with different designs of beads that have been designed by artists from various parts of the world. This will ensure that you are able to get skills and ideas to start off tour business.
You can also expand your market and do the beading supply business along where by you will ensure that you never run short of bead supplies.…

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The Best Home Based Internet Business – Learn the 5 Principles to Affiliate Marketing

There is so much information out there.
But after all the time that you have spent surfing the net, reading internet marketing blogs and finding more about making money online.
Do You know what Really works?
Do You know what it takes to build for yourself a home based internet business?
Here are 5 things All New Affiliate Marketers must know. Learn the 5 Principles to affiliate marketing.
1. Track Your Budget
Building your home based internet business is free? Sorry to burst your bubble.
There are costs and capital involved when you want to generate earnings online.
The costs can come in the form of Paid advertising. Domain name. Site hosting.
Then there are certain products that you need/want to buy. Products that you might want to buy to help you boost traffic, research your niche etc.
All these are needed to help you kickstart your online business.
As such, it is very important for you to keep track of your expenses.
Know exactly how much you have earned and how much you have a simple log of your expenses on notepad, or even a profit sheet calculator and you will never ever lose sight of your spending online.
2. Keep Learning about your niche
You might think that sometimes you know all about your niche and there is nothing more to learn, but that will never be the case.
If you have the desire to keep on improving and learning new internet business ideas, you will find that you will outperform the other affiliate marketers who stick to outdated methods.
Head to forums, search for new ideas, new products, new talks/seminars to can find so much new ideas and information about your niche or any other niche, for that matter, online easily.
3. You are the CEO of your online business
Have a good management system in place, target a sustainable niche, have tight controls and generate new effective ideas all the time.
These are what Top CEOs in the offline world do. You are going to be The CEO of Your Online Business and it really should not be any different.
4. Treat Google as your friend
Having ideas is of extreme importance online. New Ideas especially. New ideas on how to improve things, make things better.
Every now and then, You will see a newbie that comes up with a new, fantastic traffic idea that is a big hit with the market. He makes it big from there and never turns back.
Do Use Google wisely. Use it to help you generate new ideas. There is so much you can find out and also discover through the Google search engine
I feel that everyone should see how the other successful people carry out their internet marketing campaigns and then learn from it. The faster you learn from the mistakes of others, the lesser the chances of you making the same mistake.
5. Sell, Build Your List, Sell
Everyone agrees that if you want repeat customers, if you want to build a long term sustainable income online, then you need to HAVE A LIST.
With your list, you can slowly build up a strong long term relationship with them.
But having your list is one thing, you must make sure that you keep the revenue flowing by continue to sell, make affiliate commissions etc. Keep on promoting and selling, to keep the income stream going.
With your list, You should seize every opportunity to prove you are the ultimate expert and once that trust is established, it will never be broken.
So now that you understand these 5 principles to affiliate marketing, Here’s your chance to find out more about affiliate marketing and about making money online.…

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Business News

Recession Proof Careers – 4 Great Start-Ups for $500 Or Less

Small Business Ideas Online
There are so many fabulous ways to make money online today it can be easy to build recession proof careers using the internet. Whether you’re interested in network marketing or building another home based business, it’s so inexpensive and foolproof you’ll have no trouble at all. Keep reading and I’ll share four great start up ideas that will cost you $500 or less.
The World of Online Marketing
For each of these start-up business ideas for building a new career online you’ll first need a website or blog. Blogging sites like Blogger and Word Press offer free blog hosting while a web server can be purchased for a few dollars a month. You can buy your own domain name for only $10 – $15 but some hosting programs will offer your first domain for free.
As you begin to look around at some of the business systems and tools online, be very aware that there are unscrupulous online marketers waiting in the wings to prey on an unsuspecting newcomer. There are no get-rich-overnight systems, even in the world of online marketing. If something sounds too good to be true, it almost certainly is.
Four Easy Start-ups
Affiliate Marketing – Affiliate marketing programs allow you to promote other people’s products on your site or blog. For every sale you make, you’ll earn a hefty commission. Many times the commission is 50% or more. Choose products that are in-line with your site or blog’s specific niche and that you believe your visitors will be interested in. Don’t clog up your site with nothing but affiliate links. Offer product reviews and good content around any products you promote.
Virtual Store Fronts – You can turn your site or blog into a virtual store by listing products that are offered through a dropshipper. There are many dropshippers available and you should be able to find one that carries products related to your niche. You simple take your customers’ orders and send the information to the dropshipper who handles all the inventory control and product shipping for you.
Develop Virtual Products – If you possess a special knowledge or have a related area of expertise in your niche, consider developing your own virtual product to promote on your site. This can be an email training course, online coaching course or ebook.
Top Tier Marketing – One of the most exciting new recession proof careers to come along in some time is the new top tier marketing networks. These systems utilize the “new rules of money” that we are all having to deal with in this “new economy.” If you tried MLM marketing in the past with no luck, consider looking into this new approach to network marketing. While this start-up will require a greater investment than the other three methods, these systems come with a community of experts who will support and guide you along the way. It’s a tool so powerful that it’s difficult to put a value on.
It Takes Time
While the top tier networks will get you up and running in no time, the other three recession proof careers will take time to develop. You’ll need to learn about and implement search engine optimization so that your site gets enough traffic to become profitable. Hang in there, dedicate time each day to building your business and your work will be rewarded.…

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Business Line

Idea Biz – Three Tips to Help You Create Business Ideas

Everyone loves to dream about how great it would be to have their own business and live a luxurious life. For the longest time I thought about how great it would be to start my own business, be my own boss, and be rich. The one problem that I always faced was that I could never think of any business ideas or I was unsure that the ideas that I had were any good. After a while I learned a few things that really helped me create business ideas and find success within the business world.
Here are a few things that can help you start your own business or create ideas for a business:
1. Seek Out Like Minded People
I’m sure you’ve heard the saying, “birds of a feather flock together.” The old saying can bring you loads of success in the business world. Most of my success in business has come from people that I’ve surrounded myself with. Being around like minded people has helped me create ideas for new businesses and get involved in new business ventures. There is a lot of truth to the saying, “it’s what you know but who you know.”
2. Always be Open to New Things
Growing up I hated doing work on computers and I promised myself that I would never work in a field that required me to be on the computer a lot. Today, I have my own internet business and I’ve got other projects in the making involving web businesses. Closed minded people miss out on a lot of great opportunities. So if you come across an idea that you think is really dumb or that it would never work, don’t be so quick to rule it out. Some of the best business ideas are the most simple.
3. Goals and Passions
A big part of success is figuring out what you want from and life and what makes you happy. One of the best ways to start a successful business is to write down a list of things that you like and a list of things you want from life; then try and put the two lists together. I knew starting an online business was the right thing for me because I like being home with my family a lot and I wanted to make a lot of money; the internet was my best option.
One of the most important things to remember when it comes to starting you own business is that hard work is always the key ingredient. Success doesn’t happen overnight and it usually doesn’t come without a few trials. Hard work and consistency in the long run will always equal success…