How the Economy Will Impact Your Medical Staffing Business

You don't require any special knowledge, neither is it rocket science to know that you can't succeed in any business venture when the economic tides are against you, just the way it is today.

Most fortune 500 companies usually have economic guidance. As for small and medium-sized enterprises (SMEs), they usually require the services of an economic analyst or a financial expert to aid in business growth.

Invariably, it doesn't mean a booming economy is a sure guarantee for business success and vice versa. It requires foresight and a visionary leader to ride the storm and stand tall.

In this article, I would highlight three important points you need to know about the economy today, they are;

1. We are currently in unknown territory and the usual boom - burst cycle is over. The economy is experiencing a slow growth process, and the probability of witnessing another shock is quite high, this is due to the fact that government no longer functions as optimally as it used to.

The examples are all around for us to see, from the Economic Cliff, to the Sequester, and the defaulting on National debt, these have created uncertainty that doesn't favor making business decisions. My advice would be for one to develop alternative methods to deal with opportunities or potential pit falls that may affect one's business immediately.

2. In order to gain a sizeable chunk of the market and also retain your clientele, you need to stay on top of your game. The competition is also feeling the pressure in the same way you are. So it's safe to assume they are thinking of ways to do things differently so as not to be left behind. In other for you not to be stagnant, you need to implement some of the following economic methods.

- Research markets that are immune to recession and go into business with those you think will survive.

- Provide services at price that would provide optimal value for clients.

- Develop special relationships so as to be a household name, and provide quality services to regular discounts.

- Venture into rising businesses. This way the only way you move is forward.

- Create value. This changes the perception from a cost driven business to profit driven.

- Make yourself irreplaceable to your clientele.

3. There are business environments that react in an unconventional way to economic change. These business models find ways to limit risk while demand premium fees for their services thereby making huge profits in return.

An example could be found in a company operating in a small market where the competition was leaving faster than the market was tumbling, they gained market share, raised prices and made a fortune. Another opportunity was found in a market no one ventured in because of a high risk of failure.

Any venture has risks and the medical staffing industry is no different. But, lowering the risks and understanding the industry and the economy certainly help in the success of your business. Having the right tools and the right guidance in today's economy is critical to your success.

The Workforce Staffing Network: It is the source for medical staffing entrepreneurs, recruiters and industry leaders. WSN focuses on education for all aspects of the medical staffing industry. For more information about WSN, visit us at http://www.workforcestaffingnetwork.com

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How To Stay Alert And Aware As An Entrepreneur

What makes a successful entrepreneur? Of course, the answer to that is many different things but one of them is definitely their ability to know what is going on within their own industry, within the world of business in general and especially with entrepreneurs and entrepreneurship.

Successful business owners keep up on what is going on and stay informed of the latest trends, market shifts and opportunities so that they can take any advantage they can get to make their business grow. So, how they stay in the loop so successfully?

#1 Successful Entrepreneurs Talk to Other Entrepreneurs

People there in business for themselves don't exist in a vacuum. Besides their customers, suppliers and all of the other support systems that they have around their business, they also have friends and colleagues that are also entrepreneurs and keeping up with these people is one of the best ways that they have a staying informed.

Whatever the virtual water cooler happens to be of these entrepreneurs - usually a forum or social media network - they share information, give advice and keep each other updated about entrepreneurship.

#2 Successful Entrepreneurs Read (A Lot!)

One thing that you will notice about those successful in the business world is they tend to read publications, websites or even social media posts about their business - and that includes books by some of the most successful motivational authors.

The successful people like to stay informed and they like to learn new things. There is so much information on the Internet that you could spend decades learning about a subject and still not know everything about it and being as informed as possible is equal to being as successful as possible.

#3 Successful Entrepreneurs Use The Insider Intel To Improve Their Business

All this information that they gather isn't just going to sit stagnant, either. They are going to use this information to improve their business, increase their revenue or bring in more customers. Successful entrepreneurs know when they learned something useful and work to implement it as quickly as possible.

#4 Successful Entrepreneurs Help Others Succeed Too

Another thing that you'll see is that the more successful entrepreneurs they become, the more willing they are to help other people succeed at the same time. They have been where the budding entrepreneurs currently are and remember what it was like to enter the fray with only the basics. Most successful entrepreneurs are more than willing to share their knowledge and mentor the newbies.

By the way, Keye Wu is on a mission to transform 1 million guys into the most productive, masculine and purposeful men. If you REALLY do not know the 5 Little Known Ways To Double Your Productivity For Men yet, we need to fix that. Join hundreds of other men already using it right now FREE in my value-packed productivity blog here. Alternatively, check out one of my most popular flowstate video here.

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4 Simple Business Methods for New Online Entrepreneurs

So, you want to be a successful entrepreneur. But which business strategy should you choose? There seem to be so many out there, with each so-called guru touting a different philosophy, that it can be very difficult to narrow down a business strategy that actually works.

However, when you remove all of the window dressing and break the strategies down to the basics, there are only three that make up nearly all of the entrepreneurial ventures that are out there. Which one you choose will depend on your personal preference, your unique skills and where you see a hole in the market.

#1 Service Providers

The first of our three top strategies is providing some type of service. There are many occupations that provide a service where someone can become an entrepreneur.

Graphic design is one good example; freelance writing is another. Whenever you are doing a service for somebody else and they are paying you for it (while not in the employee of another person or company) you are an entrepreneur.

#2 Affiliate Marketing

Another big boom in online entrepreneurship is affiliate marketing. With the creation of websites like ClickBank, the affiliate programs offered by leading retailers like Amazon and the big profits that could be potentially earned, affiliate marketing is one of the most popular entrepreneurial ventures today.

With affiliate marketing, you find the customers, send them over to the seller to buy the product and the seller pays you a commission. Of course, you have to find the right product and a solid strategic plan because getting your offers in front of people can be difficult nowadays.

#3 Info Product Creation

Rather than being the person that receives the commission when someone buys a product from someone else, you could be the person that they are buying that product from. You could create an info product of some kind that you'll be able to sell to the Internet at large. One of the more popular ways to do this is by publishing Kindle content on Amazon, but the products on ClickBank can also be part of this strategy.

#4 Combining Strategies

Of course, you don't have to just stick with one. You can always combine any two or all three if you like. There are no rules when it comes to entrepreneurship. If you can create something that sells, or add value to someone else's life in exchange of money, you are an entrepreneur.

By the way, Keye Wu is on a mission to transform 1 million guys into the most productive, masculine and purposeful men. If you REALLY do not know the 5 Little Known Ways To Double Your Productivity For Men yet, we need to fix that. Join hundreds of other men already using it right now FREE in my value-packed productivity blog here. Alternatively, check out one of my most popular flowstate video here.

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5 Ways To Be The Best Online Service Provider

If your online business venture is more focused on providing services, you definitely want to provide the best service possible and be the number one person that people go to when they need your particular service.

There are lots of service providers on the Internet these days, things like freelance writing and editing, grammar proofreading, voiceover services, graphic design, animation videos, programming, website creation, link building or any other service.

There are professionals with huge price tags and sites like Fiverr that make some services incredibly cheap but no matter which part of the spectrum you're at right now, there are a few ways to be the best service writer possible.

1. Don't charge prices based on the market, especially if you're trying to undercut the competition.

Price your services based on what you think they're worth and don't worry if some people are willing to pay the price because you'll find people looking for quality work like yours that are willing to pay good money for it.

2. Be consistent with all of your clients even if they don't know each other.

Charge the same basic prices to all of the clients that you have, promise the same deadlines and don't pick and choose policies based upon the client. If they ever do encounter each other, you may lose both of them.

3. Double and triple check your work before you send it out.

Even catching one or two minor mistakes could mean the difference between a client coming back or not, or telling other people about your services. Take a few extra minutes with every single project and make sure it is 100% what the client wanted and that it is your absolute best work.

4. Be okay with saying no.

There may be some projects that you don't want to work on and it doesn't really matter what the reason is. You could have a moral objection or could be just too much work for the price that the person is willing to pay.

The point is that you should be willing to say no to clients. They will respect you and not ask for unreasonable expectations in the future.

5. Figure out what people's problems are and then try to solve them.

If you can come up with solutions to people's problems other than your regular services, you could make a great deal more money and could spark a business idea that will take you to the big-time.

These are the 5 simple yet powerful ways when you start your service-based online entrepreneurial endeavor. Use them and differentiate yourself to be the best go-to expert in your industry today!

By the way, Keye Wu is on a mission to transform 1 million guys into the most productive, masculine and purposeful men. If you REALLY do not know the 5 Little Known Ways To Double Your Productivity For Men yet, we need to fix that. Join hundreds of other men already using it right now FREE in my value-packed productivity blog here. Alternatively, check out one of my most popular flowstate video here.

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Entrepreneurship Misconceptions

Don't let what others think about entrepreneurs hold you back from greatness,

Misconception is a thought or opinion that is incorrect based on the faulty thinking or understanding of people. Here, we want to clarify some of the misconceptions in entrepreneurship.

They work for money

Entrepreneurship isn't all about money, it's about solving problems for people and love what they do. Also, it's about creating a name for themselves and making a positive impact in the world.

Money is also a way to do bigger and more exciting deals. The motivation of a new idea, and the risks involved have far more power to motivate the entrepreneurial spirit than money. In entrepreneurship, your business and success become an obsession not the money.

They lack courage

I've never seen anyone that is as courageous as an entrepreneur.

It takes courage to forego the predictability of a corporate job, It takes courage to take the risk of failure, It takes courage to make your dreams into reality.

And it takes courage, lots of it to hand over the reins when your startup grows beyond your ability to manage it.

That's why entrepreneurs are rightly the true heroes of our modern world.

They are professionals

Most successful entrepreneurs are not highly qualified fellows, but are success driven. Surprisingly, attending an elite university or higher education doesn't provide a significant advantage in entrepreneurship. What matters is that the entrepreneur gains a degree; the choice of major or college doesn't play a big role in success. However, the greater the education of the entrepreneur, the lower the rate of business failure and the higher the business's profits, sales and employment.

They sometimes have overnight success

It may seem to you that entrepreneurs made the huge amount of money, but do you know that there is a lot of handwork before he made it.

Overnight success is possible; entrepreneurs are inspired to start their own business by witnessing successful and established entrepreneurs. They study the success stories, the beginning of those success stories, which often includes massive struggle prior to the breakthroughs. As a matter of Fact, it takes years to become an overnight success in entrepreneurship!

Many entrepreneurs needlessly worry that they haven't perfected their ideas. No idea is ever perfect. When you have an idea, go ahead and build a prototype or two, tinker with what works, make refinements as necessary, but by all means get it out there! You can always improve on a good idea. Let the market help you improve.

You don't have to be a Harvard graduate to be an entrepreneur, but you do need to understand the characteristics of entrepreneurial. See you at the top!

Femi Adefioye is an Investor, A business man and Internet marketer, a motivational speaker, a financial consultant. He is also an Analyst. He has 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.

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8 Taxes Taboos You Should Break Today for Your Business' Sake

8 taxes taboos you should break today for your business' sake!

For small businesses, improper management of your taxes can mean the death of your business. Depending on your type of business, your tax liabilities will vary. This is why we decide to come up with a treatise discussing the different taxes taboos (fears) and possible ways to overcome them.

1. Facing the tax examiner
   Everyone dreads facing the tax examiner. In most cases, audit fears are usually greater than audit realities. Especially for small businesses and startups that are not used to tax auditing. The remedy, however, is that you should keep good records. Individuals who work themselves do tend to get scrutinized more, so ensure business record keeping is accurate.


2. Hesitation to incorporate
   Many small businesses hesitate to register their business as a corporation, thinking it will increase the payable tax. However, but if you ever want to raise money, registering as a corporation is mandatory. Failing to keep your business up-to-date by incorporating it will end up costing you more money. Informed decisions about incorporation can help you save thousands of dollars in fees and taxes


3. Deciphering the Tax Code
   The National Taxpayer Advocate in one of its annual assessments revealed that deciphering tax code is one of the most serious fears of the taxpayers. No wonder the average taxpayer get overwhelmed and confused easily because of the sheer number of codes and sections involved. However, this shouldn't weigh you down. As a small business owner, rely on tax software and professionals to get it done.


4. Spending of Sales Tax
   Spending of sales tax is another fear of entrepreneurs and a common problem of small businesses. Often, the sales tax collected in the receipts is deposited along with the business income and considered available cash by the owners. As soon as the due date comes around, the sales tax amount becomes higher than presumed and creates a serious cash-flow problem because there is not enough money to cover the sales tax and a few period later, the business is on the verge of self-destruction. However, you need not fear this; this problem can be tackled by opening a separate bank account to hold sales tax receipts


5. Paying Employment Taxes
   Employment tax deductions are another common pitfall for startups and small business owners. It is important that you completely understand your responsibility as an employer before hiring your first employee because tax deductions for employees are shared between the employee and employer. Before you hire staffs, learn all about tax-related responsibilities as an employer and set up your accounting software with the correct numbers.


6. Filing Income Taxes
   If your small business is registered as a corporation, you will need to file an annual income tax return. Normally, you will be expected to submit quarterly estimated tax payments to the authorities so they can hold your deposits until tax payment time. Failure to submit the correct quarterly amounts on time can result in significant penalties when payment time comes, so it is important to stay on top of these due dates as well.


7. Hiring tax accountants
   Hiring a competent accountant will undoubtedly streamline the tax process and help you devise tax strategies. While staying in-house cuts costs and help to keep you on a budget, outsourcing allows you to focus your attention on other things related to your business. Including this in your business plan beforehand will save you a lot of headaches, prevent taxes from being an issue, and will help increase your venture's chances of success.


8. Lack of Understanding basic tax laws
   Understanding the basic tax laws will help you stand for yourself in situations of (illegal) high tax deduction. Taking your time to study this will really go a long way to help you in case you fall a victim of such.

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Five Tips for Young Entrepreneurs

Starting a business is not for the faint of heart. When the economy is soft, and jobs are limited, entrepreneurship is often the best way for a young adult to gain practical experience in their field of choice. To be sure, it can be scary, but so can sitting around waiting for a call for an interview for that perfect position.

With that in mind, here are five tips for planning your first entrepreneurial venture.

1. Find your obsession. "Find your obsession" is different from "follow your passion." Your passion is something you love doing. Your obsession is something you cannot live without doing. And there's a difference. A passion is sometimes borne from a hobby, for example, photography. You may be passionate about photography, but when the pressure is on to make money with photography that passion can wane in the drudgery of the daily work. Conversely, if you are obsessive about photography, rarely will any part of the work seem like drudgery. Passion will burn out; obsession rarely does. Obsession is what you need when starting a business.

2. Decide on your operational end-game. Once you find your obsession, ask yourself this: Do you want to have a "practice" or a "business?" A "practice" is a business that is dependent on your direct involvement, whereas a "business" can become independent of your involvement and still be successful.

A "business" in this context is one where you can rely on the collective work of others you employ to produce income, or survive as an ongoing concern if you were unable to work in the business on a daily basis. It can be bought or sold regardless of your involvement.

Having a practice means it is difficult, if not impossible, to separate the work output of the business from your personal output. For example, if you have a unique skill or ability on which the income of your business rests primarily on you to do the work (e.g., an accountant, yoga instructor, consultant, or tattoo artist) you are likely to have a practice. It is unlikely this type of business could not be bought or sold without your involvement.

There's nothing wrong with either option, but it is important to understand what kind of business operation you want five years after you start because it will shape your decisions today. If you know you are going to be happy making a living as a tattoo artist chasing your obsession, then your business decisions will be made with this in mind. However, if your goal is to have a tattoo shop with ten employees in five years, your approach needs to be different. Keep in mind that most small businesses start as practices and evolve. Moreover, those who just wanted to "do their thing" end up trying to manage a business and are no longer working at their obsession.

3. Start your business "on the side." Many say "jump" into entrepreneurship without a net. Having done it that way many times, I suggest you do not unless you have no other choice. The financial pressure is too high for most people. The pressure to make rent payments, buy food, and put gas in your car will have you chasing business that isn't worth your time or in your area of focus so that you can survive. You will lose focus of what you are trying to accomplish, and few obsessions can withstand that pressure. My advice: Start your business on the side if you can. Get or maintain a job to have some income flowing. You will feel less pressure and be able to stay focused on our business goals. Then strive for your "choice number" with your business income.

4. Determine your "choice number." Your choice number is that number which allows you the opportunity to choose between going full-time with your business or continuing to work for someone else. It is easy to calculate: Add up all of your current monthly expenses (all of them, Netflix, Hulu, gas, car payments, rent, food, beer, or concert tickets), then add 25% more to that number. So, let's say your monthly expenses add up to $1,500. Add 25% more-$375.00-for emergencies, and you are up to $1,875.00. I would suggest rounding up for a little extra cushion to $2,000. So, $2,000 would be your "choice number." Once your business is generating $2,000 per month, you have enough money coming in to cover your monthly costs and the choice as to whether to keep your day job or go full-time into your business with some financial security is now yours. Bear in mind the choice number can fluctuate some, so remember to revise accordingly.

5. Take advantage of reputable free resources. There are many, many free resources to help new entrepreneurs. My favorite starting point is SCORE ( http://www.score.org ). There you can find local resources, webinars, on-demand courses, as well as other resources to help you get started. The U.S. Small Business Administration ( https://www.sba.gov ) also offers many free resources and tips. Sometimes your local community college will offer free or low-cost courses for new entrepreneurs.

Although these tips do not cover everything a new entrepreneur might need to know, they are a good starting point for planning your first step into your own business.

David Harkins is a serial entrepreneur, which is a more professional way of saying he is still trying to figure out what he wants to be when he grows up.

When not working for himself, he has had a fulfilling career in marketing, advising both large and small companies including several in the Fortune 500 and many of America's largest nonprofit organizations.

He has extensive training and education in advertising communications and media production. He holds a Bachelors of Business Administration with an emphasis in Entrepreneurial/Small Business Management, and he is pursuing a Master's Degree in Entrepreneurship.

In his spare time, he consults, speaks, writes, hikes, explores, and creates art. Although, not necessarily in that order.

He writes about entrepreneurship at http://www.mrharkins.com.

Webmasters and other article publishers are granted article reproduction permission as long as this article in its entirety, author's information, and any links remain intact. Copyright 2017 by David L. Harkins.

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