Skills Needed As An Entrepreneur

Polishing your skills as an entrepreneur can help you be a better entrepreneur. Here are the skills every successful entrepreneur has in common:

Doggedness.

The ability to be persistent in time of trial. Not every business will achieve that immediate success. The determination, knowing how to handle the ups and down is vital. Success does not happen overnight, some of those successful entrepreneurs out there failed again and again before finally achieving that remarkable success. Winston Churchill said: "success is the ability to go from one failure to another with no loss of enthusiasm". What you need to know is that failure isn't the end but a step closer to achieving that success. This skill enables the entrepreneur to keep going when the outlook is bleak.

Stay Focused.

You have to be ready to give it all it takes, when success in the business is your priority, you will find yourself ready to tackle any kind of challenges along the way. After setting a goal, knowing how to "laser focus" on the very next step to get closer to the ultimate goal. There are so many distracting forces when trying to build a business that this skill is not easy to master.

Productivity.

This is a sensitive topic, the fact is there is no one right way to be productive that works for everybody. Learn about your peak energy times, your routines, and the productivity tools that work for you in order to create your own plan for success.

Sales.

Some entrepreneurs get stuck here, every entrepreneur is a sales person whether they want to be or not. They are either selling their ideas, products or services to customers, investors or employees. They work to be there when customers are ready to buy. Alternately, they know how to let go and move on when they are not. If you're always nervous about selling, try enrolling in a sales workshop to learn this much needed skill.

The ability to manage people.

You need to know how to manage people well. Early on in your business, you will be everyone's manager, so it pays to be effective. Entrepreneurs should know how to motivate and encourage the employees. Only by learning to leverage employees, vendors and other resources will an entrepreneur build a scalable company. They need to learn to network to meet the right people. Entrepreneurs strive to guarantee they will get honest and timely feedback from all these sources.

Adapting to change.

Change they say is constant! Successful entrepreneurs realize they don't know everything and the market is constantly changing. You have to be willing to go with the trend or change. You know what brilliant entrepreneurs does? They stay up to date on new systems, technology, and industry trends.

Strategy implementation.

You need to dedicate your time to simply dreaming about what you want for your business. Where would you like to take it? What's your vision for it? Now, how can you get there from here? Set your goals, and then develop an actionable plan to make them a reality. Then, don't forget about those goals. Keep them at the front and center to everything you do.

Take your time.

You don't need to rush things. Most entrepreneurs are not patient; they sometimes focus only on what comes next, rather than where the company needs to go. Overnight success may take 5 years or more. Entrepreneurs need to stop, pause and plan again at several intervals. Take a step at a time!
Don't be discouraged, you can learn some of these skills. Your eventual success depends on it.
See you at the top!

Femi Adefioye is a financial consultant. He is also an Analyst. He has a wealth creation blog http://entrepreneurship-skills.blogspot.com where he writes life transforming articles on entrepreneurship and wealth themes.

Notice - You are allowed to publish this article in its entirety provided that author's name, bio and website links must remain intact, active and included with every reproduction.

Article Source: https://EzineArticles.com/expert/Femi_Adefioye/271306

Overcoming the 6 Biggest Fears of Business Ownership

1. Sailing the Ship Alone 
 
I'm sure you have seen the Honest cleaning products in recent commercials, but did you know Jessica Alba, famous actress, founded it? During the 2015 Forbes Women Summit Jessica commented on how people saw her as only being capable of acting or endorsing products, not creating them when she commented, "It took three and a half years of condescending nods and pats on the back of 'good luck,' or 'go back to endorsing things' or 'go do a perfume'." Had she decided to rely on any fear-based assumptions that she wouldn't be successful because of non-support, she probably wouldn't now own a billion dollar company. What she did do was seek out business people and manufacturers that could help make her dream come true.

2. Not Being At the Master Level 

Whether you think you're not good enough at your craft to start your business, or that your product or service isn't at the professional level of others in your line of work undermines your goal of business ownership. Start small with your best item and improve upon it over time while continuing to introduce new items or services. All start-ups experience learning curves. Progression leads to perfection, most businesses don't start at the top.

3. Not Knowing Where to Start 

There are so many people that want their own business but just don't know where to start. They look at others successes and feel defeated before they begin. Instead, follow those you admire who are doing what it is you want to do. Read up on them. Research their beginnings or better yet, reach out directly via Twitter, Facebook or see if they will do a Skype interview.

4. Fear of Failing 

We all fail, but the key is getting back up and dusting your self off. It took Thomas Edison 1,000 unsuccessful tries to invent the light bulb, but he pressed on and didn't give up. He's been quoted as saying, "I didn't fail 1,000 times. The light bulb was an invention with 1,000 steps." "Great success is built on failure, frustration, even catastrophe." What tenacity, what great faith he possessed!

5. Not Attracting Enough Loyal Customers 

It's common to think, "What if people don't buy my product or value my service?"
Being in business for your self is a risk, but seasoned business owners wouldn't have it any other way. Keeping a job is a risk. Focus on delivering exactly what you are promising and overtime the customers will come.

6. Not Having Enough, or Running Out of Money 

I'm willing to bet that almost everyone would be a business owner if all it took were to walk into the bank and say, "Show me the money," and the banker hands you a check for $100,000 and no terms for the payback. But, it doesn't work like that and entrepreneurs oftentimes use their own savings or depend on friends and family members to finance their business ventures. Losing a close friend or family member's money can be scarier than defaulting on a bank loan. If personal investment loss is stopping you from starting your business, consider alternative funding, like business credit cards. The application and qualification process is less stringent from traditional banking, and you can get a funding estimate within 24 hours of applying.

In Conclusion 

Being an entrepreneur isn't just for the courageous. It's for those who are willing to embrace their fears and work through them. Knowing that obstacles lie up ahead, but victory, aka the sweet spot, is just a round the corner on the road to success.

Access the link below for further information on getting business credit:

https://mwcc.wufoo.com/forms/janine-herrera-prequalification-form/

Article Source: https://EzineArticles.com/expert/Janine_Herrera/2328775

Five Solid, Powerful Tools for Entrepreneurs and Lightworkers to Turn Up Your Light

Shining brighter doesn't show up like you think it will. Shining brighter starts inside and flows outside, and it does not depend on the actual medium. It can show up with a multitude of media. These five tools for generating more buzz, shining brighter and attracting more people into your business are easy to start and initiate, today.

#1 Commit to a much larger result than you have been thinking about. Whatever you've been doing, it hasn't gotten you to where you seek to be. So notch it up.

#2 Look across media and see where you shine brightest. Is it writing, singing, blogging, creating videos, creating audio recordings, or is it something like Facebook or Twitter? Build on what is the most natural and comes with the most ease.

#3 Expansion is delicious. It is also painful. Then delicious. Then painful. Then delicious. Then different. If you've never had a virtual assistant, then suddenly you do, it is both delicious and you also have to change it up for things to work.

#4 Vet new ideas and run with the ideas that charge you up the most. If it is so charged your body tingles, it might be big enough. If it's like "of course, I can do that" and it feels like taking a nap it's that easy, it might not take you someplace new. This is a relatively difficult concept because it is this fine line of "what do I do next," and going where you sense the energy will give you extra easy play - but it may be also uncomfortable at the same time.

#5 Take it easy around results. You might get immediate results. You might not. You might have to measure your results differently. So, in starting a new podcast, you might watch your sales and client interactions for measures of success as opposed to focusing intently only on the download numbers and stats that show up on the dashboard. You can self-moderate and kill totally beautiful projects by mutilating them before giving them a chance to shine.

Here's more on committing to a larger result and what messes up entrepreneurs and light-workers. Let's say you desire 70,000 listens or #1 bestseller status. Now, it's your first day out of the gate, and you anxiously look at sales or results. As you look at the results (and they may be dismal), you suddenly lose all enthusiasm for the project. So, that is not actually the best way to get insanely ridiculous successful results. Instead, ask the results questions. What inspired action can I take today to move me in the direction of the results I desire right away?

And let's say it's a book, you might get the idea of a Kindle 99-cent day special to run four weeks from now. So you then have four weeks to amp up your plans for the morning rush of a bestseller campaign around a 99-cent day special. Boom! That is very different energy from looking daily at your book sale numbers and experiencing some kind of self-judgment around them.

It is a discipline to see the light beyond the tunnel. So that's really what this first tool is about. Commit to something bigger, and then take inspired action in the direction of that result, each day.

Choosing the appropriate media for you is like choosing a shoe, a style, a dress, a look. Some of you might pick up a pair of tight jeans, put on a cowboy hat, buy the best and most unusual boots you can find and have your look. For the rest of the people on the planet, this would be a ridiculous choice. When you choose your medium - print, video, social media, audio - choose for you. No one outside of you can say what makes you light up. Only you know this. You can get help from energy workers and lightworkers to see where you seem to flourish the easiest - and also, at the same time, if someone says "create a TV show," and that makes your stomach turn, don't do it even if that person is amazing. If someone says "create a podcast" and you start doing cartwheels inside of joy, that's a key to choosing it.

A new year is a great time to get inspired and get into action. Whatever you chose that didn't let you shine in the past, ask yourself to release that now and step into the light of your brilliance as an entrepreneur and light-worker.

Subscribe to the daily podcast "The Erica Glessing Show" featuring 8-minute inspirational interviews with entrepreneurs and lightworkers for more tools on shining brightly. Erica Glessing is the CEO of Happy Publishing with more than 100,000 followers on social media and 18 #1 bestselling books. For her complimentary video series "Build Your Book as Brand" go to http://TheEricaGlessingShow.com and look for "free stuff."

Article Source: https://EzineArticles.com/expert/Erica_Glessing/1419296

Why You Are Limiting Your Small Business

It's difficult to see the picture when you're in the frame. When you are so focused on your business you don't see what holds it back. Namely you! When all the decisions are based on your knowledge and experience, you are probably working from the same knowledge you always have. This means that unless you are constantly improving yourself (in terms of business) you are likely to fall into the trap many owners do.

What are your decisions based on and who do you go to for help? The problem with owning a business is that there is very little help available in your immediate circle for most people. Unless you are surrounded by other entrepreneurs, it's more than likely that you look to help for people who are fall less qualified than you.

The Self Fulfilling Loop

The ability to work in your business and work on your business are two very separate things. You may be the best at working very hard, doing long hours and motivating your staff, if you have any. But this doesn't translate to growing your business. Growing your business is something different. It takes a whole new skill set.

If you're stuck in the process of being a 'worker' in your business, you're not moving your business forwards. You must step out of the roles which worked when you were an employee. Things which make a good employee are: turning up on time, working hard, delivering to deadlines and thinking of ways to achieve the maximum output for your boss.

Things which make a good business owner are entirely different. Knowing how to grow your business is about marketing. You need a whole new skill set and new ways of thinking in order to do this.

The Skill Set Of Online Marketing

Online marketing is vital to grow your business. Whatever kind of business you have, you need some kind of marketing engine driving it forwards. With new technology comes a new type of marketing. Before the internet there was traditional advertising: yellow pages, newspapers, flyers, billboards, television and radio.

Online marketing is a fantastic opportunity for business owners. But with it comes a few problems. The main one is not just learning the skills to create online advertising, but rather our mindset, or more importantly our industrial age thinking.

Industrial Age Thinking

We have been brought up with a lot of baggage. Our minds hold ideas which our forefathers embodied in their lives. Many of us are limited by old thinking patterns which no longer serve us. This is true in many areas of our lives but none so much as with growing a business using online marketing.

A poverty mindset always thinks of reasons to cut back and avoid spending. It is based on a presupposition that 'there is never enough' - a self fulfilling prophecy! Of course this is often well founded based on the past. But as a business owner this can be your biggest limiting factor to forward growth.

If our very thinking is based on our past and what it has taught us in terms of our income, we hold back and tend to be careful with our money. This is for good reason of course. But with online marketing your long term plan should be to be spending more and more on advertising, not less and less. This is a major roadblock to business growth.

Gently Does It

I'm not saying you should spend all your cash on an online advert, just to see how it goes. Far from it. You can start an online advertising campaign for very little daily expenditure. Set your budget as low as you like. That's one of the benefits of online advertising. One of the other major benefits is the ability to test and measure each of your adverts.
By testing and measuring the response of your adverts, you can determine, very accurately, how effective they are in making you a profit. However this should be based on your return on investment, not instant return. Think about the worth of a customer over the years of your business. How much is a customer worth? Not a sale, but a customer?
Looking at the long term benefit of a happy customer who buys from you again and again can give you a different perspective on your advertising costs. Write down a number which reflects the cash value of a long term, loyal customer. Now match that against what you were prepared to spend on your advertising.

Testing and Measuring - The Power Of Pay Per Click

Pay per click advertising is an amazing form of advertising and available to any business owner. However, I recently spoke to a business owner who claimed it was a waste of money, despite other people in his business niche using it. Perhaps, he thought that they were about to discover what he already "knew"!

Most people start an advertising campaign on pay per click, lose money and decide it doesn't work. But this is a mistake. The real power lies in the ability to test and measure your paid advertising. There are many variables with pay per click. You can target people very specifically by their keywords using Google AdWords advertising. You can also target by location - which is ideal for a local business. By testing and measuring the responses of different target audiences, with varying keywords, landing pages and advert content, you can eventually determine the most profitable advert for your business.

Once you have discovered a way to spend half of what you stand to get back, you are in a very strong position to increase your daily expenditure and scale up. This is how to grow your business. By adding other paid advertising methods to your growing 'portfolio' and testing and measuring each one over time for maximum efficiency, you can scale up your business for maximum growth.
Depending on your business model, it is also possible to lose money initially on advertising, and make it back over the long term for the customers you have literally "bought".

Fear, Greed and Panic

Obviously you should be careful enough to test and measure advertising before scaling your budget up. Paid advertising can consume your capital as fast as you allow it to! Be very careful in the early stages to test and measure every aspect of your advertising. Don't scale too quickly but also you can't be afraid to spend money first.

Only spend money you are prepared to lose initially. You might lose money in the short term. But the long term gain of having a profitable advertising campaign which can be left running is worth the initial loss. The main job is testing and measuring until you have a campaign which is profitable. After this there is very little to do. Simply leave your campaign running at a comfortable cost and slowly increase it over time.

Equally don't just run a campaign, get a profitable result, and then panic and turn it off. Your business will just fall back to your comfort levels again. Look for the long term, keep testing and measuring and expect to pay out first before you see a return.

Learn how to grow your small business or website. Access two free eBooks Niche Blogging For Profit and The Ultimate Guide To Online Marketing at http://tim-halloran.com

Article Source: https://EzineArticles.com/expert/Tim_Halloran/488644 

3 Rules for 2017 Success in Business

As I close my third year in business, I reflect on 2016 with a lot of lessons learned. Now I don't want to bore you with lots of writing (and hence lots of reading on your part) but I do want to start by saying, if you want to be successful in your business in 2017 you will need to ask YOURSELF these questions RIGHT NOW!... and be honest with your answers.

Do YOU want to be out of DEBT?

Do YOU want to STOP struggling in BUSINESS?
 
Do YOU want more clients/customers?

Do YOU want more visibility and recognition for YOU and YOUR business?

Do YOU want to increase your income 10 times or MORE?

If you answered yes to one or more of the questions above like I did then you will need to MAKE UP your MIND that serious work needs to take place in 2017 and from the jump.

I will be the last person to fool anyone into thinking that running your own business is easy. Trust me it's not... but the old adage is TRUE! The risk is worth the REWARD because it is ALL YOURS.

Here are my TOP 3 RULES:

1. Set your mind that you are going to succeed no matter what.

The biggest hurdle in business is overcoming the limitations in your head. One of my biggest limitations was believing I could do everything by myself. 2016 was the year I brought in 3 new professionals into my business to help keep me on track and to help me increase my bottom line. With the addition of each new person I could visibly see progressive movement in my business... milestones being reached. But the biggest benefit has been in the renewed energy I feel.
Stay inspired and keep your thoughts focused on your dreams and why they are important to you.

2. Devise a comprehensive plan.. (and write it down)

Imagine you are throwing a baby shower for a friend and you want it to be an event that she will remember fondly years after. Imagine that you will have one of a kind games, serve great appetizers that your guests will rave about, the great decorations and atmosphere, and the wonderful conversation. Now think of putting that all together without a plan. You need to "plan" who is coming, what they will be eating, who is bringing what etc.
A business plan ensures that you:
Have clarity and helps to define your purpose.
It keeps you accountable.
It solves problems.
It lets you know what you can and can't do financially and helps you schedule your activities.
It helps you devise a PLAN B... just in case your PLAN A doesn't work out.

3. Stay in gratitude

I love this quote:
To educate yourself for the feeling of gratitude means to take nothing for granted, but to always seek out and value the kindness that will stand behind the action. Nothing that is done for you is a matter of course. Everything originates in a will for the good, which is directed at you. Train yourself never to put off the word or action for the expression of gratitude. -- Albert Schweitzer

Everyday that you are given life give thanks. Not only be thankful for the big things but give thanks for the smaller stuff. I say thank you EVERYDAY for parking, my car, the internet, my students, places to teach, a choice of shoes to wear, mentors, family and friends. Nothing is too big or small to give thanks for and when you get to a space of gratitude your life becomes more abundant.

We need to WAKE up, SHOW up and DON'T GIVE UP! My factors for success are not complex and they have worked for me. You need to be serious about your business in 2017 if you want to see it grow. All the best for 2017...

Article Source: https://EzineArticles.com/expert/Debbie-Ann_Jollie/2307107

Everything You Need to Know Before Starting a Pressure Washing Business

Are you fascinated by the idea of starting a pressure washing trade? You must have perhaps heard that pressure washing is a decent and worthwhile business, low investment and easy to start - and that's what must have inspired your decision. Decent? Well, it is, but when it comes to providing quality services - the business is not just about purchasing and installing a pressure washer. In fact, there's much, much more to the pressure washing business. Before you actually make the buying decision for a washing kit - there are a few questions you should ask yourself.

What if you lose interest in pressure cleaning?

What if you failed to survive amidst competition?

How will you get a license, insurance, and customers?

Learn the trick of the trade

Before you go on to invest money in a power cleaning business, try your hands on power cleaning, and not just cleaning - but cleaning like a professional. Analyze yourself during that trial run - does power washing keeps you interested? If it doesn't then obviously, no point taking things further. But if you do, then master the art like a [pro to ensure you clean the objects without harming your surroundings like tiny plants, flying debris, etc.

How to learn power washing

While there are volumes of how-to guides and videos readily available to help you learn the ropes, the best is to practice it over and over again. You can rent or borrow a pressure washer from somebody for a week or two and start practicing on house siding, boat, car, fence, drive, tile patio, or on just about anything that can be cleaned with jet water. Though this exercise won't turn you into a pressure washing pro overnight, it will for the least offer you a platform to build things up and launch from there. Keep a note of your mistakes and rectify them gradually.

Calculating profit

Ever wonder why the majority of startups are software/digital companies? That's because they need very less investment upfront. As a business thumb rule, (Profit) = (Money in - Money out). For a service-based startup like pressure washing, you need a significant amount of investment upfront. Therefore, you need to think about the following points in order to assess Profit scope for your business.

Money Out 
 
The expense of running a startup power washing business can be broadly categorized as below:
• Power washing kit, including surface cleaner, nozzles, pressure washer, chemicals and trailer or something similar
• Business permit, contractor license and insurance costs
• Advertisement and user acquisition costs (Pamphlets, ads, flyers etc.)
• Transportation cost for power washing kit (truck, van, cab, etc.)
• Ongoing marketing, fuel and maintenance costs

Money in (Revenue)

Set your price tag for cleaning by keeping in mind two important factors
1. The cost should be significantly high than your investment for you to make profit
2. It should be significantly low or equal to that being offered by your competitors to stay in business
Make your call: Add remove any expense you think necessary and calculate the profit you can make based on the formula given above. If it makes the profit, get on with it, else you'll need to devise a plan to cut down investments.
3. Keep things legal
Before starting up a pressure washing business, it is highly imperative for you to get a relevant business license, insurance, and permits since they can save you from running bankrupt in case something goes wrong and you end up hurting someone or damaging private property.
Depending upon your location and jurisdiction, the legal formalities may vary: you can reach out to your region's clerk office for details. However, in general, you will need to obtain:
• Business document
• License
• Bond
• Sales tax registration
• Contractor permit
• Environmental permit
4. Insurance
Insurance is a critical part of this business which you should take sincerely and get all documents registered with utmost liability and sincerity.
• Liability insurance which covers damages you may induce while cleaning
• Workers compensation cover for injuries to you or your employees while practicing on the job
• Equipment insurance covers damages and theft
Why invest in expensive equipment
Business, service business, in particular, is more about perception than just quality. It's human psychology, customer buy what they see! Here're a few points to highlight the use of industry-grade equipment:
• When you put in wealth in something, it shows what it means to you, it reflects your seriousness, trust, and professionalism, too
• Branded equipment and carry truck are long-term free marketing
• Industrial tools last long and need less maintenance cost
How to entice customers
Well, there's no clear-cut formula to get customers flowing into your doorsteps, while you may for sure start with door-to-door marketing - if that goes fine by you. Other marketing approaches and conventional methods to market your services and fetch customers are listed below:
• Newspapers and local listing ads
• Word of the mouth
• Appointing salesperson, if you have the budget
• Flyers and pamphlets
• Broadcasting ads

Once you're off to a good start, make sure you provide professional and standards-based service to facilitate word of the mouth marketing at no cost. Look to retain customers, as it is far more profitable than investing on marketing processes for new leads - keep a balance and good luck!

Article Source: https://EzineArticles.com/expert/Fakrul_Islam/2325787

Competitive Advantage

Napoleon Hill told a story in the book "Think and Grow Rich".
He told of a long time ago, when a great warrior was faced with a situation where it was necessary for him to make a decision which will ensure his success on the battlefield.
He was about to send his army against a powerful enemy whose men outnumbered his own. He loaded his soldiers into ships, sailed to the enemy's country, unloaded the soldiers and equipments, then he gave a order to burn the ships that had carried them there.
Then addressing his men before the battle began, he said, "You see the boats going up in flames. That means that we cannot leave these shores alive unless we win! We now have no choice. We win or we perish." As it was told, they won.

Our case as entrepreneurs is much like this story, we either succeed in our business or we perish. One of those factors that "kill" businesses is the COMPETITION.

It will not matter how good you are if your competitor is better, so you need to find out what your competitor is offering. Find out your competitor's advantage over you and how she goes about it.
Everyone has competitors. Do you know yours?
You will need a visit to your competitor to have a deep feel of her offer. You need to understand what gives her an edge over you. It's probably just customer service, a better knowledge of the product or service, promo given to customers etc.

You can achieve this by paying a visit to your competitor as a potential customer. You can order for the service or product being provided and then you can criticize or make a complaint as a customer to see how they respond.

Sometimes it's about a visit to their online store or website to rake in ideas that will eventually work for you.

Sometimes, you could even ask directly if you have relationship with your competitor.
If the idea works, you can replicate it in your own business.

Now you must learn to focus on your own advantage eventually.

There is something that other business is doing that you are not doing, locate it and focus on it.
Some people tend to get jealous of big businesses and wish they fold them.
Recently, the NCC wanted to force communication giants to have a high data rate. That means that data we used to buy for #1,000 might now go for #2,500. They claimed they want to do that so that small businesses can have a chance to succeed.

Small businesses fail to compete against bigger firms because they want to compete with the bigger firm on what the big firm is known for. They do not have to do that, they will continue to fail if they do that.

It's not about wishing the big company folds up, it's about you focusing on what you can do to beat them.

There are things the big firms have as advantage over the small firms; same goes to the small firms over the big firms.

For example, the big business can run a TV commercial but a small firm cannot. However, a small firm owner is close to his customers in a way big firms cannot try.
Find what gives you advantage and FOCUS.

Article Source: https://EzineArticles.com/expert/Tade_Ayodele/2372118

How To Start A Business From Scratch

If I were to start a business from scratch today, the first place I would start is not with what form my business should take. Everything in business should flow from one place: the customer. What the customer wants, how much he or she is willing to pay, how we will solve the customer's problem, and so forth. If we start an S corporation or an LLC can be thought about and done later on.

Businesses Fail

The main reason we start at the customer and solve his or her problem is because we need the foundation of a product that will sell for a profit. One that will continue on for years to come. Without that, there is no business. If you go all out and start a business without this kind of product, the business is likely to fail. In fact, even if you come up with a great product, you still have a high risk of business failure. But without a great product, it is almost a certainty.

The Customer's Problem

Finding a problem to solve is finding an opportunity. You add value when you uniquely solve a customer's problem with a product they can buy.

What is a product?

A product can be a physical product such as a shovel, a digital product such as an eBook, or a service such as business consulting. It could also be a method of distributing that adds value, or a way of organizing or combining existing product lines. Really the product is up to whatever you can imagine.

Trial Sales

Initially you can sell under your own name, which is the same as a sole proprietorship. If you find that your product sells, you can always sell your sole proprietorship to your corporation or LLC. But until you find a product that really sells for a profit, you should continue using trial sales.
What problem do you have?

After finding a product that sells for a good profit, evaluate your own business problems. Evaluate how you can serve the customer better, your concern for liability from damages or injuries, potential cash flow pitfalls, and so forth. Incrementally improve your business as you discover your own problems, especially focusing your attention on the customer. At this point you will probably want to consider business structure.

Have you run across a customer problem to solve? Can you create a product that will solve it?

About The Author

Brian Satterlee ran the successful multi-level marketing distributorship Satterlee Marketing from 1997 through 2002. He created an ecommerce site to sell a dietary supplement and recruit new sales people. When the MLM company changed to a retail marketing plan, Brian decided not to start again but to devote time to his family.

Brian now writes and works as a Business Analyst. He received his MBA from the University of Phoenix in 2009.

Visit http://www.splashplan.net for more free small business tips from Brian Satterlee.

Article Source: https://EzineArticles.com/expert/Brian_Satterlee/604622

The Most Promising Young Entrepreneurs You Must Know About

When it comes to having innovative startups popping up in many different business areas, young entrepreneurs can definitely not be underrated at all. It is because there are a lot of young entrepreneurs who have been quite much in the news to have striking ideas with bright practical minds to offer a lot to the ever evolving world in order to cater to its growing needs. There are many names of these young entrepreneurs who are seriously the ones to watch out for. These entrepreneurs have the right approach, the best ideas, and all of the passion that is needed to bring the best of smart innovations for all. 

Some of these names are given as follows:

Aaron Dicks (25)
Aaron has a company named Impression which he launched with the help of a fellow student's partnership names Tom Craig. It is a digital marketing agency that makes use of the existing technologies in order to provide excellent matching solutions and results through web design and clicks to customer campaigns. Just back in 2015, they made more than 500,000 Euros that doubled in 2016. Hence, they are surely to look out for in the year 2017 as one of the most successful young UK entrepreneurs.

Amber Atherton (24)
Atherton owns My Flash Trash who actually found fame in the Made in Chelsea series. However, she is known for an entirely different reason now that she has the fastest growing London accessory brand. It is a special in playful and bold charm jewelry that empowers girls while not taking fashion too seriously. It was just a blog in 2008 but today its business appears to be scaling at a pace of 100 items sales increase by each day. Amber is now all set and ready to take on brands like Pandora in no time this year only!

Angelica Malin (25)
Angelica aged 25 years own the company About Time as it made more than 75,000 monthly users across 123 countries in just two years. It helps Londoners to make easy decisions while going to new places or having different trying experiences. There are hundreds of choices for dinners, staying in, going out, etc. Thus, with sky being the limit, she is surely one to look out for in 2017.

Archie Hewlett (21)
Last but totally not the least, he is the most promising, and the youngest UK entrepreneur to look out for as he is just aged 21. However, he started his quality slip-on-shoe business when he was just 18 as he took the 9,000 Euros loan for the same. He offered a lot more quality with cheap prices and steered people away from traditional British fashion to those like velvet slippers, etc. With an impressive 1 million pounds turn over in just 2015 without any additional funding, he has made a great name!
The above mentioned names are all under the age of 25 and are truly very young and fresh to watch out as the top youngest entrepreneurs overall for the coming years.

With the revolution of the internet age many more young entrepreneurs has just begun.

==> Check Out Our Website Below For An Information Video On starting an Internet Business Or For Information About Us:
http://www.TeamFocusForever.com

Article Source: https://EzineArticles.com/expert/Jamie_Cowdry/2352121

Right Now Is the Best Time To Become Your Own Boss

There has never been a better time to live the self-employed life. Jacob Morgan, co-founder and principal of Chess Media Group and author of The Future of Work (2014), researches how market trends, demographics, political imperatives and advances in technology will likely impact the global workforce over the coming years and his findings indicate that self-employment has significant momentum."The picture for freelancers is very good. It's going to be a huge area going forward."
Morgan points out what most traditionally and independently employed workers have learned over the past two decades: the steady paycheck is going the way of the dinosaurs. Those who are now age 50 years or above started a career and expected to work steadily and at increasing pay for 25 or 30 years and then collect a pension as a reward for their contributions. Employment at one company was considered an accomplishment and job-hopping was seen as disloyalty, if not instability.

Morgan's research shows that now, the average worker is employed at a place of business for about five years and Millennial Generation workers last an average of three years. "Nowadays, when a company is struggling, the first thing it tends to do is cut jobs."

Because freelance Solopreneur service providers typically have a list of active clients, we are somewhat insulated from the whims of business owners. We win some projects and lose others, but we will not be laid off and abruptly lose all income. Our revenue-generating billable hours are sometimes less than ideal; however, finding project work is much easier than finding traditional employment that pays a living wage, especially when the job seeker is age 50 years or older.
Self-employment allows more opportunities to create money-making options for yourself. The flip side of the uncertainty inherent in self-employment is that becoming your own boss could earn you a great deal of money. Traditional employment comes with income caps and many employees have been disappointed to learn that generous merit increases, bonuses and sales commissions are harder than ever to come by. Government statistics for the past 20 years have shown that middle class wages have become stagnant.

As companies shed permanent workers, the demand for project-specific professional help continues to rise and for freelancing Solopreneurs, that is a good thing. Much depends upon one's skill set and the local economy, but the next three years and most likely more than that, look promising. Deciding which of your competencies are the most marketable and discovering how to connect with available projects forms the heart of the freelance Solopreneur business model.

In 2010, Intuit predicted that by 2020, the independently employed workforce in the U.S. would rise to 60 million. There are now numerous associations, such as the Freelancer's Union https://www.freelancersunion.org, that offer professional resources and other support to Solopreneurs, including affordable medical and dental insurance. Co-working spaces are available to those who need modestly priced per diem meeting space or shared office space for those who would like to interact with a cohort of like-minded Solopreneur professionals.

Morgan recommends that those who have full-time employment consider taking on freelance work as an experiment. "Now is an excellent time to do it, but I would do it in a smart way... do a little moonlighting and see how it goes. If it goes well, devote more effort to it. If not, you'll have learned it's not for you."

Thanks for reading,

Kim

Kim L. Clark is an external strategy and marketing consultant who brings agile talent to the for-profit and not-for-profit organization leaders with whom she works. Please visit http:..polishedprofessionalsboston.com to learn how your organization can benefit when you work with Kim.

Article Source: https://EzineArticles.com/expert/Kim_L._Clark/647250

The Saturation Has Killed the Dreams of Online Entrepreneurs

The Internet was far better and clean a decade ago. There is no doubt that we have seen some radical advancements in almost every field of life. However, the saturation in almost every field has cornered many with the dreams of becoming entrepreneurs at the young age. It was easy before.
All you needed to do is to create a niche blog and sit around in some corner of the internet. Gradually, you will become prominent, and people will follow you. But, now, with millions of researchers pounding on search engines and in reply, the addition of millions of bloggers has totally screwed the value and quality.

History in a few lines

The people started at that time are successful to some extent but, for all those who are starting an online business are pretty much screwed with lots of limitations. You won't find a one or two-word domain name for your new blog these days. The irony is that the poor quality of content hurts more than the saturation.

I have personally known people who have been working as an online entrepreneur and they have created a fortune. But, it is all about the time you are spending. The newcomers will have to come up with the new ideas and they will have to do something different as compared to what others have already done. There has been a lot of improvements if you only talk about technology. And, youngsters should start from the point where elders have left the crease.

Never lose hope

Young entrepreneurs are finding it really hard to come up with the best options to make things better for themselves. However, you can say that it is challenging as well as a good thing for all the entrepreneurs. It is certainly going to bring the clarity in the freelance world and the world where people are following their dreams.
Now we all know that we only have few options to make things better for ourselves and youngsters are focusing on the quality instead of looking for the loopholes. Always look for the best hope when you are fighting for your dreams, and once you have achieved your dreams, there will be nothing more satisfying than completing what you have started. In this time of saturation, the only people who are going to stand out will be those who are going to bring quality in the services that they are offering.

Ammar is a freelance writer and loves to share his creative ideas with the people. You can find more about what he loves to share at his personal blog.

Article Source: https://EzineArticles.com/expert/Ammar_Khalid/2314934

Business Deal on Twitter by Elon Musk

Elon Musk, the Canadian American business magnate had his recent business commitment on Twitter; after his public declaration of fixing the Australia's blackout in 100 days by installing $25 million worth of battery storage. This was a business deal he concluded on Twitter with Mike Cannon-Brookes.

Musk responded by tweeting: "Tesla will get the system installed and working 100 days from contract signature or it is free. That serious enough for you?"
He quoted a price of $250 per kilowatt hour for 100 megawatt hour systems, which would imply a price of $25 million for the battery packs.

"You're on mate. Give me 7 days to try and sort out politics & funding," tweeted Cannon-Brookes. Excerpt from Sonali Paul article (Reuters)
When last did you conduct business deal on any social media? How can you leverage the social media and e-commerce opportunities to create value? Do you follow successful entrepreneurs in maximizing the effectiveness of social platforms? How do you fish for new business deals? All these questions will be answered in this article.

Activating the potential of social media for my business

Quit being myopic:

If you are yet to comprehend that conventional marketing is fast losing its grip on millennial thinkers, then, you need to quit being myopic. Business deals for millennial thinkers have varied operations from conventional setting. Yes, deals have been settled on gulf field, after business meal and even after soccer match.These are conventional settings. Now, entrepreneurs settle business deals via electronic media.

B2B EM- Electronic marketplace has made considerable tools to facilitate good transactions among businesses. One of these tools is the social media. Organizations find most of their customers through the it. So, whether you are a start up company or medium scale venture and you are seriously considering new business deals, effective usage of social platforms may enhance your quest. 60secondmarketer.com gives a review of different social media available

Get acquainted by training:

Are you a visionary entrepreneur? Do you know that social media platforms are feeds to whatever business or industry you are in? As a business, it is important to build global customer lists, this can be done via different social media tools and it entails the use of diverse EMS-Electronic Marketing Strategies.

Your EMS must be based on your organizational goals and your target audience or clients. One of your marketing strategies must entails a strong campaign on social media platforms. However, not all social media platforms can be maximized for your company.
This is because your EMS is structured by your goals and target clients, therefore it's essential to start with those social platforms where these two elements that is, EMS and target clients can be maximized. If your prospective clients are youth, then pull out a strategy and promote it in their social media hangout.

The ROI (Return on investment) of the campaign is highly dependent on the strategies and skills used during the campaign. Each social platform has its own peculiarities and it takes training to optimize its productivity. So, to optimize your goals using them you must be trained or get a trained personnel to engage in this task.

Follow the lead:

The marketplace has wheeled around from conventional tactics. Your clients are no more naïve to buy at your beck and call but they are quite intelligent and they are surrounded by wealth of information. Therefore,businessmen must skillfully hangout where their leads do. For a company to maximize the strategy of following its leads, it must understand these three things.

The principle that men (generic) are wealth:

The bottom line of social media is built on this principle. Great businesses constantly factor in this knowledge, that their survival is men based and they therefore endeavour to treat their customers nicely. The same principle governs those who maximize deals from it. Treat your potential leads nicely.

They are value driven:

Most campaigns done by different businesses end up in the trash box. This is because most vendors are product conscious not people conscious. Before you ever sell to your leads add value to them by your value driven contents. Develop trust in your leads who trust you with their email addresses. Don't force them to buy your product rather meet their needs.

They reciprocate kindness:

Having done this, you can trust your leads will reciprocate your gesture with their patronage.

Millennial tools:

There are over 50 social media tools that can be used to maximize and boost your business performance and profitability. Get acquainted with them.

Article Source: https://EzineArticles.com/expert/Lizzy_Alicia_James/332170

Catastrophe Alert - Is Working For A Living A Problem In Today's Economy?

In today's economy, most people might conclude that is it harder to get a job under this current president. While I am not here to share any personal beliefs in politics, I will say that in today's time, it is much harder to find a job than it once was. 20 to 30 years ago, most people stopped going to college once they got their bachelors. Now people are getting their masters in their respected fields and are still not able to make ends meet in their household.

In the workforce today, there are many things that are worth pointing out that makes working for a living a problem. Working for a living in my opinion is not the way to live. In the great country called United States, We as citizens are allowed to challenge the status quo and pursue our dreams.
When you work for a living, if you are not educated, you are most likely living on or under the poverty level. You are basically forced to work extremely long hours for very little pay. In addition, since you are not on salary, in the unfortunate event you become dangerously ill and forced to take a lot of days off to heal, you will fall into enormous debt.

If you have a degree in a respected major, you maybe just above the poverty line but you are no where near comfortable. When you have a masters or bachelors and are well educated, taxes that come out of your paycheck and the increased cost of living can make it hard to enjoy a comfortable level of living.

When you work in corporate America, in most cases you are forced to work with people you do not like and your job is never guaranteed. Nothing is ever guaranteed in society and you can be out of a job at any minute. Your employer may choose to go in a different direction and let you go or your employer may go out of business leaving you out of a job as well.
If you want to escape working for a living in today's economy, you must find a different method of earning income. Working from home can be a great way to make income. Working from home will allow you to make more money than you ever imagined and you will be able to put yourself in position to live a higher quality lifestyle.

To avoid falling in the catastrophic pitfall of working for a living, you must consult experts who can help guide you in earning income from home AVOID THE PROBLEM.

Article Source: https://EzineArticles.com/expert/Marc-Eddy_Drouinaud_Jr/2289154

Content Marketing Mindset For Dealing With Your Haters

Let me tell you a secret:
For a long time, I was letting myself down.

Why?

Because I didn't put out content to grow my copywriting business on Facebook. (Or any social media platform for that matter.) And the reason why was stupid.

Wanna hear it?

Sure...
I was scared of being judged.
Scared of what people would think of me and my copywriting advice.
Scared of what they would say.
Anyway, I joined Dan Meredith's mastermind group of about 20 successful entrepreneurs which cost 4 grand. And I also paid 2k for something with John Lee Dumas.
And do you know why this was the best thing I ever did?
Because it made me take action.
I now had some "skin in the game".
I mean, it's not exactly life-changing money, but who wants to invest 6k in something and not do anything with it?
So, after our first webinar in the mastermind about a month ago, I made a decision.
I was gonna take out my phone, hit the "Facebook live" button, and start talking about copy.
Now, this might not seem a big deal. But to me? It was.
See, I've never in my life used my personal Facebook page for business. Not even in my Personal Training days.
I thought, "Most of the people on Facebook aren't gonna give two shits about any of it, so I'd just be annoying them."
Looking back, it's stupid thinking.
Really stupid.

I remember Dan saying that unless someone's a relative, close friend, or paying you money, then their opinion is invalid.
Anyway, it turns out the people who don't care about learning copy simply don't watch the videos.
So worrying about people's opinions turned out to be irrelevant. A total waste of time and energy.
Which is why, my friend, if YOU have a message you want to put out to the world...
Or you have a skill that others can benefit from...
Then don't be a scaredy-cat like I was for so long.
Take that leap of faith...
And put your content out there.
PS- I've had a few people argue with me on various forums and Facebook groups since. And you know what? I actually enjoy it.

Why?

Two reasons:

1) Because it means I'm not boring. And I'm getting myself out there more. So more people know about me.
Happy days.
2) Because I will win any argument. Every time.
And I'll say this, too.
It's easy for people to act all "macho" online. People think they're invincible.
In real life?
Bunch of wimps.
Wouldn't say "boo" to a goose.
Plus, when get abuse from someone on a forum, click on their profile and 9 times outta 10 you'll see that abuse everyone.
They're the very definition of a "Negative Nancy".
So screw 'em.
And screw their opinions.
You'll be much happier for it.
PPS- Not my usual copywriting and direct response marketing advice today.
But this was important. And I was feeling passionate about it.
Really passionate.

And putting out content for the world to see is something you should be doing if you're serious about growing your business. Content marketing is very much in at the minute. And you need to be doing it, yourself.

So please don't be one of those people who gets an endorphin rush after reading this but doesn't implement any of it.

As "Doberman Dan" says:
"Motion beats meditation."

So take some action!

Tom Andrews

http://iamTomAndrews.com

Article Source: https://EzineArticles.com/expert/Tom_Andrews/2298168

How to Launch a Jewelry Line Is a Dying Art

Design concepts increasingly come "from the path up," says Helene Fortunoff, rather than just from elite society. From a home-based design and manufacturing workspace, independent designers can produce and market fine and costume jewellery that could reach a world market. Beautiful jewellery design might require some knowledge of working together with metals, for example, silver, gold, and precious or semi-precious stones. Costume jewellery design media, however, are limited only because of the designer's imagination. Following are a handful of steps for launching a jewellery line.

Educate yourself the jewellery production process. Take a jewelry-making class in a local art school or extension class to acquire some basic know-how. Read books and sign up for relevant jewelry-related magazines to determine industry specific information.

Set up an exclusive area in your house or have a workshop/showroom to produce and display your jewellery line. Create a showroom area by having an efficient and artistic display. Store jewellery inventory within a safe, clean, and organised fashion.

Obtain the standard business start-up needs, including business licenses and insurance; house technology; and software and tools for managing bookkeeping, record retention, taxes, inventory database.

Purchase making jewellery tools and equipment and locate reliable vendor helpful information for jewellery material. Unless the jewellery line will target one-of-a-kind custom jewellery, use material which could be quickly replenished to fill orders. A reliable source for beads and also other jewellery stock is Fire Mountain Gems. Additionally, Rio Grande has supplied artisan and metalsmith jewellers with products since 1944.

Generate buzz. Spend time finding getting the jewellery worn by those that can establish the buzz. This may include entertainment or sports celebrities. Wear the jewellery merchandise wherever possible and donate pieces to fashionable friends willing to serve as soft marketers to come up with interest.

Hire your free account executive to produce hard sale leads with shops, shops, and jewellery stores. This person is usually retained initially as a possible independent contractor on commission. Someone experienced with sales or marketing sufficient reason for contacts in retail could be the best fit. The Fashion Industry Search Engine is often a reliable resource for fashion business information.
Get your items directly into the hands of buyers. Participate in arts and crafts demonstrates that are appropriate for that jewellery line. Set up jewellery trunk shows at jewellery or fashion boutiques. These are great opportunities to create media interest and justify sending a well-produced press release and photograph image of a sample from your jewellery collection.

http://newbringootech.com

Article Source: https://EzineArticles.com/expert/Zia_Tebusum/2355246

How Break-Even Analysis Facilitate an Entrepreneur Aiming to Launch a Sustainable Business

Entrepreneurs are those who try to run a business through substantial risk and initiatives. Therefore to succeed, entrepreneurs should minimize the chance of failure through effective designing of a business plan and market analysis long before they launch their business. Break-even analysis for instance, is a great formula that thoroughly analyzes the costing and selling prices for running the business and therefore attempts to determine the costing and selling price of a product or a service to reach a point where the company will not suffer from loss. Not knowing proper break-even point at which a business can run sustainably, many organizations have dramatically increased the possibility of failure.

Determine the Minimum Sales Volume required to Avoid Losses: 

Break-even analysis can facilitate an entrepreneur to confirm the selling amount in units and in price for a range of products and services those are to be sold so far for the business to produce enough revenue to pay its expenses. Knowing what percentage or units should be sold to achieve the break-even can enable a businessperson to avoid suffering from losses in both the short and long run.

Know the Minimum Sales Volume required to Avoid Losses:  

Break-even analysis can facilitate an entrepreneur confirm the sales amount in units and in price or range of products and services that has to be sold for the business to produce enough revenue to pay its expenses. Hence, knowing what percentage units should be sold to achieve the break-even point can enable a businessperson to avoid suffering from losses at any given period of time.

Targeting the Profit Levels:  

Besides, break-even analysis permits an enterprise to grasp what proportion of profit it will earn at completely different sales volumes. Any sales volume or range of units sold surpassing the break-even point can eventually result to a profit. Likewise a number of different set of sales volumes can be employed to understand how much profit might be generated from each of these sets. This helps an -enterprise to determine sales targets which will let it reach desired profit levels. This is particularly going be helpful for determining a territory sales target.

Setting up the acceptable price: 

The price of the offering is one of the major factors that an organization should take into account. Once operation has started an appropriate pricing will spell the distinction between failure and success of an enterprise. Nonetheless, the impact of pricing on the possible profitability of the organization is to be studied accurately. Setting totally different price indexes and evaluating the break-even analysis at every level can facilitate an enterprise to study the result of every set of price level in relevantly different major factors like client affordability, market competitiveness and impact on inventory management.

Schedule Your Merchandise Inventory necessities: 

Break-even analysis can facilitate an enterprise schedule product inventory levels. Entrepreneurs should stock enough inventories to have products available for sale as required by the customers. In other words, if the offering is not adequately available, it may harm the overall branding of the enterprise. The number of products that are to be offered to customers at any given time and the schedule of further stock to be purchased or produced are very important and can easily be planned once the break-even analysis has been done. Once a clear idea is generated about the volume of inventory according to the figures provided by the break-even analysis, it becomes easy for the organizations to determine the initial stock.

Md. Amanat Ullah is a freelance researcher in the areas of business and marketing. Areas of interests are marketing and innovation, alternative medicine etc.

https://www.facebook.com/Marketing.Amanat.Me/

Article Source: https://EzineArticles.com/expert/Md._Amanat_Ullah/1617578

How Are Startups Changing the World: Big Impacts and New Ideas

Ditching the millennial business theories and trendifying the business set ups, the modern world start-ups have brought a fresh edge and positive vibe in the business world. In the fast paced economies facing plethora of changes and cut- throat competition, start-ups have paved their way to survive, strive and succeed in the dynamic and ever growing business world.

Tracing them back, if we look at the origin of startups, we find that the term "start-up" meaning "upstart" dates back to 1550. Now, in the sense of "budding company", it was first used by Forbes magazine in the year 1976. There is as such no particular example of the first startup of the world. If you look back, any company, when it was in its initial phase, can be called as a startup.
Amazon, Apple, Facebook, Addidas, Starbucks, etc. are all the companies which are major players in the market today but then, they too, at some point of time, were just beginners or to be more precise, startups.

Is your idea diverse, relevant & productive?

The major companies have an option to cherry pick a few employees from a diverse set, whereas a startup has diverse options to pick up and work upon.
The work doesn't demand some exceptionally brilliant skills or very high acumen, all it requires is an idea. An idea, that is diverse, relevant and productive. Diverse in terms of the thought, relevant in terms of its applicability and productive in terms of its outcome. What follows next is an ideation process and implementation of the ideas.

Impressed by the productivity and fresh outlook of these companies, the government of India has decided to nurture the upcoming talent. To revolutionaries the process, a new initiative called startup India has been started by the government which focuses entirely on these startups. The website talks about the eligibility about classifying businesses as startups, eligibility for Startup Loans and other services being provided by the government (further details can be found on http://startupindia.gov.in/).

Leading the course

As Albert Camus writes, "Real generosity towards the future, consists in giving all to what is in present."

Startups use this very principle to make sure they succeed well in their objectives and come up with positive results. The job of leadership today is not only to make money but also to make meaning, and startups these days are more inclined towards making their objective, their idea a success initially and later consider the monetary aspect.

One of the major reasons behind the success of these budding companies is the fact that they very smartly combine the "wisdom" of "great philosophers" from around the globe and apply that aptly in their businesses, setting benchmarks, and thus raising the standards for others.
Another thing is, most of the startups today are successful because they used the right opportunity, to put it better, market opportunity, and played their best shot which led them to their success. Management of finance and right estimation of risks are the 2 basics that need to be kept in mind before venturing into the business.

The real example

Let's take the example of Reliance Industries Limited, a major player in the market with its business spread over different industries creating value and money simultaneously. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India. Dhirubhai Ambani founded Reliance as a textile company and led its evolution as a global leader in the materials and energy value chain businesses.

Let's conclude

"Be the change that you want to see", as Mahatma Gandhi said, applies to these star-ups. To conclude, these startups are the modern world eyes, that behold the beneficial virtues of the future.

Article Source: https://EzineArticles.com/expert/Simran_Ahuja/2379333

How To Start A Sportswear Brand

The Complete Guide To Starting A Sportswear Brand 
 
Do you want to start up a sportswear brand? Do you have some great design ideas or a cool new apparel concept? Can't you find the styles you are looking for? The time could be now for you to start up that brand you have been thinking of. But where do you start? How do you go about to make it all happen?

If you want to set up your own clothing brand, then this article is for you. We'll give you an overview of the steps involved in starting your own business, and information that you have to think about.

Starting Up

Step 1. Idea & Customer Need. 

It all starts with an idea. Maybe you can't find the clothes you are looking for, or you have a strong design opinion that you want to show the world. You are better off if you can connect your idea to a customer need. If you strongly believe in your idea, you should go ahead and make it happen.

Step 2. Market Scan. 

You have a great idea for sure. The question is: is it unique? Perform a thorough market scan. Search the web, visit shops and read relevant magazines. You want your brand to stand out in the competition and find your target niche. If some other brand already has your idea, you will always be number two.

Step 3. Business Plan. 

It can be great to have a business plan if you want to bring other people on board, e.g. investors or partners. But primarily, the business plan is there for you. It forces you to ask yourself those tough questions and look at your business venture from different angles. The business plan is a living document that will change and evolve over time, usually things don't go exactly according to the initial picture in your head.

Step 4. Branding. 

Put a lot of time and thought into your brand identity. There are many brands out there so you need to make yours stands out. Create brand awareness and loyalty that connects your customers to your label. It is important that your brand ties together with your actual products.

Step 5. Money.

Nothing is free. Nor to create a sportswear brand. In your business plan you have made an initial budget and you have an estimate of how much it will cost you to set it up. How will you finance it? Can family or friends help you? There are special start-up loans as well as investors to turn to. Going to an investor early on means giving away more of your company. But maybe that's the best way to get it started and make your dream a reality?

Step 6. Entrepreneurship. 

Running your own business isn't a 9 to 5 job. It is not the hours you spend in the office that matters. What matters is what you produce. You are your own boss and you need to make it all happen. You will live and breathe your brand, working 24/7. All people have great ideas. The differentiator is that the entrepreneur makes them happen. It will require you to put in the work and follow through on your dream. Are you cut out for this or not? Is it really what you want?

Step 7. Team. 

As mentioned in step 6, setting up your brand will require a lot of blood, sweat and tears. Can you do it all by yourself? Even if you can, is that the most efficient way to do it? Make sure to liaise yourself with talented and driven people that can help you out where you fall short. If you are a designer find a good business partner, and if you are a business person find a good designer. No one can do it all and you shouldn't either.

Step 8. Define The Collection. 
 
Leaving the start-up phase behind you, it's now time to start the product development, the process of making your garments. The first step here is to define your collection. Focus on your brand identity, your vision, and the products you wish to create. Make sure your collection is clear and has cohesion.

Step 9. Design. 

You have structured and defined your collection and the designer can start sketching. Get back to the inspiration and the brand image, and the customer you want to have. The styles should fit in with the vision and identity of your brand. The designer needs to make great tech packs so you can carry on with your product development.

Step 10. Sourcing. 

Sourcing means finding factories, materials, and accessories. Materials is a science by itself. If you know your price points, performance requirement, and quality level, it will help you narrow down your search for the right materials. Accessories can be cords, zippers, pullers etc that you want to include in your garments. Then you need to find a factory that suits your needs, can produce your styles, and believe in your concept.

Step 11. Pricing. 

In the start-up phase you had a first look at the costs and the prices for your styles and production. Now when the collection is defined, you have sourced materials and found factories, and hence production costs, you need to check your pricing again. Does it add up? Will it be profitable? Review all the posts in your budget and see how you can recalibrate it. In the end you want to live and work, doing what you love. You don't want it to be an expensive hoppy that you poor money into.

Step 12. Pattern & Prototype. 

This is a very crucial part. Even though you have great designs on paper, you need to transform them into garments that look and feel the way you want. Based on the tech packs you need to find a good pattern maker, which isn't easy. The pattern is made in your wanted sample size and will later be graded to fit several sizes. With the pattern you will start making your prototypes. In between every prototype you will measure, fit, and adjust the pattern to improve your garment. Typically you will need 2-3 prototypes per style before you have a sample ready to show/sell.

Step 13. Production. 
 
Once you have arrived at your final prototype (sales man sample), you can start planning the bulk production. Discuss this with your factory as early as you can. They need to plan in your production in their schedule. They of course need to know how big your production will be, the number or styles and sizes per style. We suggest you write an agreement with the manufacturer stating delivery times and quality requirements.

Step 14. Shipping. 
 
You have the bulk production ready and need to get your fantastic garments to your customers. Depending on your sales strategy you can have one or more customers. There can be shops, end-users, and wholesalers. Take a look at your logistics, negotiate with transportation partners, and plan how you will repackage the goods to suit your designated customer.

Step 15. Marketing. 
 
Let the world know your brand's story. Marketing is your products, your meetings, your communication, and everything you do in you business. Be honest in everything you do, let the customers understand why you do it, and what your brand is about. You want to get your message out. Tell the world about your products and what differentiates them from the competitors.

Step 16. Sales. 
 
It doesn't matter if you have the best products in the world with the best story, if no-one buys them. In the end it all comes down to sales. You want your garments to sell, so you can reinvest and develop your collection and keep doing what you love. If you work with retailers, the traditional way is to show at trade fair and to take your collection in garment bags and visit the shops. This way you end up having multiple mini presentations and demonstrations of your awesome collection. Not all buyer are open to new things, so don't get discouraged when it gets tough. Believe in your brand and keep going.

Step 17. Order. 

The manufacturer usually has minimum quantity requirements for producing your garment. This should at least be your selling target. Sell, sell, sell, and collect your orders to meet those minimums. At the same time, keep track of your minimum requirements for materials. How much fabrics are on each roll that you buy? You don't want to buy too much fabric that in the end turns into left over. A good recommendation is to only produce the garments you have orders on. Don't stock up, unless you have an online business, and therefor need your own stock.

Step 18. Customer Service. 

Take care of your customers. You make your garments so that your customers can have them for their intended need. Don't disappoint them, put yourself in their shoes and just see how you can help them. How will you handle complaints, returns, delays? Talk to your customers, put your ego aside, and use the information to make even better products in the future.

Visit Sportswear Inc. at http://www.thesportswearinc.com to learn more about starting a sportswear brand.

Article Source: https://EzineArticles.com/expert/Klas_Kristiansson/2347487

Three Major Sources Of Funding Startups

Are you a new entrepreneur? Do you need ideas as to how to get funds for your new business? Here are a few basic ideas which almost all entrepreneurs use to grow their business.

Bootstrapping

The best way to build a company is without the help of any financer. And it is possible also. Bootstrapping basically means building of a company with the blend some of personal savings and borrowed cash from family and friends. Some of the clever founders get back a huge amount of their money by starting their company in countries where the living cost is comparatively low like Chile or Vietnam. Also, with the help of government grants they are able to grow easily until the returns start rolling in. A few crowdfunding platforms encourage cash donations from the public in exchange to early access to company's products. This has made it easier for the founders to get capital without giving up a valuable equity.

Equity Funding

If bootstrapping is not a likely option for the founders, then they can craft a stake in the company for investment purpose. Whereas risking wealthy firms are best for startups that require lot of cash and aim to grow quickly. Not to forget there are quite a lot of other equity options for organizers with diverse business ideas. New founders must try and get their company into an accelerator. They have a two-three month program which is basically designed to aid new startups to work through the initial phases of the development. This program also helps you to find possible investors at the end of the program. Accelerators have also launched a few success stories, whose organizers have received some funding and valuable guidance from some of the skilled entrepreneurs in return for a 7% to 10% stake in their businesses.

Debt Funding

It is not advisable for a young startup to go to debt funding in its early stage. It must be something of a last option. But in some cases, a small amount of cash is required at the earliest. In these cases it makes sense for the company to take out steady, old loan and spare the trouble of finding an investor. In such cases, it is advisable to check if the business is eligible for any government-aided loans. Such loans usually have promising rate of interests and malleable repayment plans.

Thus, irrespective of the route an entrepreneur chooses to go down for financial aid, it is important that he/she takes time to wisely consider the goals of the startup and how the funding strategy adopted will help them achieve it.

You can get an inheritance funding company to help you out. Read more!

Article Source: https://EzineArticles.com/expert/Rajesh_B_Sanghvi/1284637