Archive for the ‘Small Business’ category

How To Guarantee Your Business Succeeds In 2012

January 14th, 2012

Ever since the 1st major business was developed right after the Middle Ages, the world of business has constantly been evolving to new levels.

There was a time where the word “Millionaire” held a lot more weight than it does now. Even the world “Billionaire” seems to be getting tossed around pretty casually these days.

Think about it… it took Sam Walton – the founder of Wal-Mart – over 40 years in business to develop himself into a Billionaire. When he died, his net worth was $7.2 Billion.

Then a guy named Jeff Bezos comes along in the early 2000′s and develops a website by the name of Amazon.com. In less than 3 years, his net worth was the equivalent of Sam Walton.

Making money isn’t as hard as the media is making it out to be. In fact, it is easier than it has ever been.

The tools are better, the market is more ready than ever, and starting a business is 100 times cheaper than it has ever been.

Starting a good old brick ‘n mortar business used to cost anywhere between $50,000 – $500,000 to start. And you were pretty much guaranteed to go out of business your first year… and if you made it through the first year, you’d go bankrupt the second year.

That was the situation for more than 80% of new businesses.

But the emergence of the internet has completely changed the game.

First of all, with less than $500 you can start a business that has the potential to go into the Billions. And that is no exaggeration.

Want an example?

The domain name Facebook.com cost no more than $10 to purchase. Mark Zuckerberg, the genius behind Facebook, is currently worth over $17 Billion is the world’s youngest Billionaire as of 2008.

It cost him less than $1000 to start that website… and look at where he is now.

There are literally hundreds of stories very similar to this one. No, there haven’t been that many Billionaires made… but Millionaires definitely.

If you wanted to, you could start a business today for less than $50 – the cost of your new domain name and hosting.

The design work for your site, you could do for free. It’s pretty much “point and click” now-a-days.

You can create your own best-selling information product for free. All you need is Microsoft Word or a similar word processing software to write the content for the product. You then turn the word document into a PDF file and sell that as a digital download.

And as far as marketing and advertising is concerned, you can get hundreds of thousands of visitors to your site for free. You read that right… free.

If you understand the principles behind a great marketing campaign, you’ll be able to write a press release, or create a video that will go viral and send more visitors to your site than you’ll know what to do with.

I know it all sounds really simple and to tell you the truth… it is.

The only “catch” is that it requires work on your part. There will be days where you don’t eat, and you just might lose a few pounds or even some hair in the process… but tell me about one business that doesn’t do that.

As long as you’re willing to learn, be persistent, and go to work, your success in business is virtually guaranteed.

And you can start for less than what it costs to go to a nice dinner with your family.

For more information on how to start a business & turn it into a million dollar company, visit BusinessPlanVideo.com and register for free to get your free Business Plan & Marketing videos.

By Arman Vakili

Creative Financing For Small Businesses

January 14th, 2012

Creative financing is an interesting concept that has many business owners wondering how it could work for them. Many business owners are still not aware of the non-traditional financing methods that are taking the place of traditional bank loans or are working in conjunction with banking institutions. Some of these creative financing methodologies are not loans. They cannot be accessed through traditional financing sources based on their conceptual makeup. The conceptual makeup of some of these options could include the use of your creditworthy clients, government contracting capabilities, current paper or tangible assets, or even the use of your future expected payments.

When small business owners can look “outside the box” to get the financial assistance that they need, this creates a win-win-win situation. A lot of creative options require a banking institution be involved but do not necessary require them to be a part of the process. When these financing options are used effectively, many small business owners, and even large corporations, usually see the benefit.

Banking Risk Tolerance

It is often said that “Banks are not lending”. This is not true. Banks are in the business of lending. Without completed loan transactions, banks would go out of business. The issue you face, as a business owner, is the banks’ tight lending practices, especially in today’s tight lending market. When this affects you negatively, the simple truth is that you and your business do not fit that particular bank’s lending model or their level of “Risk Tolerance”. Banks are averse to risking their capital.

Conservative lending institutions such as banks will not risk their money to support your venture. Your venture or business must show sustainability in advance. This will make that lender happy to loan you money.

Creative Financing Solutions

This financing model varies across a number of sectors and is not contained in its lending practices like traditional institutions. Creative financing solutions develop based on a demand or the need to solve a financial issue for a large group. When business owners are denied access to capital through the banking sector, not everyone will give up on their dream of moving their business forward or be satisfied simply surviving through economic hardship.

Creative financing sources address the demand for access to capital in a variety of ways. These options are usual provided and operated by private companies. Many have private investors who prefer these types of investment avenues. These solutions go across all types of business sectors including medical, construction, food, manufacturing, government, and more. When a business owner seeks out this kind of financing, the success factor is dependent on the industry, payment sources, customer or client’s credit report and score, current contracts and much more.
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