Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Blind Brokers Network

By Alexis Roberson Subscribe to RSS | December 5th 2011 | Views:
loading
 
  



Hello Steven K. Dale here, Today I want to help you with some information on how to start a small business. What makes me an expert on starting a business? Since 1986 I have set up over 1200 people in their own businesses. I've been featured in Entrepreneur Magazine, Small Business Opportunity, Income Opportunities and How to Start Small Business magazines. I've been a feature story on NBC News and I co-hosted a podcast on starting a business. I'm an expert in two main areas. First I'm an expert on expanding small business and I'm an expert online marketing for local businesses. I'm currently writing my first book on business expansion call the Expansion Factor.

The most difficult decision you will ever make is whether to start a business or not to start a business. Let's focus on this decision in this short article.

Every moment you waste on not making this decision will cost you money. If you're earning 40K a year and you wait a year or two or even 5 to make the decision, your losing money. What if you make $40 K in profits the first year, 65K the 2nd and 125K in the fifth year? You just lost over $200K by not making a decision.

Believe it or not once the decision is made it's actually pretty simple to find a business and get started.

This is one of the biggest decisions you'll ever make. I'm a big believer in writing the worst case scenario and the best case scenario on a piece of paper. It has a way to making it seem real. It takes it from a dream to reality.

Once you decide to start a business it's time to get serious about what you'll need to do to start looking for the right opportunity.

It's time to evaluate the upside and the down side. What's the worst thing that could happen to you? You lose everything? So what, at least you did something about your dream. The fact is very few failed business owners lose everything. Most are able to reenter the work place or start another business and be just fine. I know because it happened to me.

Best case scenario is you'll replace your current income and then some. Even if you only replace your current income your still much better off. You now have FREEDOM! Freedom to grow, Freedom to choose your hours and Freedom to design your life the way you want it.

A few years ago I suffered a huge loss. My business that I spent 15 years building was destroyed. I made a critical error 15 years ago. I decide to offer my business as a business opportunity and not collect any royalties but instead to be paid from the vendors as an independent sales rep. That single decision help create hundreds of new businesses but cost me everything. You see my competition used that decision to systematically destroy me. I was out millions of dollars and my company was worth nothing.

It's because of this I recommend you start small. If you don't have a lot of cash there are many businesses you can start for very little money. You may not be starting your dream business but at least you're starting something. I started my first business in 1986 as a window washing business. I think my total investment was under $5,000. That included a used van. Within in 2 years I had 4 employees, 4 trucks and several sub-contractors. I sold that business and have owned many different businesses since. I used that experience as a spring board to new ventures. In another video I show you how to spot new opportunities.

What if you only have $5,000 to invest? Is it possible to start a business for $5,000? YES.

There are dozens of business that could be started for under $5,000 all you need to do is pick one.

Once you have decided to start a business it's time to evaluate your investment capital. If you're borrowing 100% of the investment all I can say is DON'T! I've heard of many people who only earning $40K a year borrowing $100K to buy a franchise thinking it were a wise investment and they failed. You don't want this to happen to you. Franchisees are NOT a guaranteed path to success. There are many other ways to start a similar type business for 90% less.

Let's review what I spoke of.

First make the decision to start a business, find a business, and get started. It's a bit simplified but it's very close to reality. Just ask any business owner.

Alexis Roberson - About Author:
Steve Dale is a expert on starting and expanding small businesses. http://www.myblindbiz.com

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/blind-brokers-network.htm

Related Business Articles Subscribe to RSS

Using Refurbished device and Telecom Equipment for business houses saves cost
Published by James Blee on May 28th 2012 | Business
The idea of cementing business foot in this modern era is possible through invention of ideas in sav...
 
The progress Indian business news has made
Published by Nidhigupta on June 5th 2012 | Business
Since the post-independence period, India's business and trade economy has grown and has flourished ...
 
Hypo Venture Capital Headlines: Know the tricks to get business loan despite debt
Published by Hypo Venture on January 14th 2012 | Business
After the recent economic meltdown, many business organizations have incurred insurmountable amount ...
 
Ups and Downs within CAD industry – Has it affected business?
Published by Macjohn on August 21st 2012 | Business
Auto CAD became so popular that all engineering services was christened under “CAD Services”. Ho...
 
How to find the ideal merchant account for your business
Published by Carlos on February 10th 2012 | Business
A merchant account or credit card processor allows you to accept transactions done via a credit card...
 
Are you looking for Spray Booths for Sale for your business?
Published by Mary Porter on June 20th 2012 | Business
Spray booths are a useful tool for many firms in a range of different sectors, and there are a numbe...
 
Printing service: Helps get your business going
Published by Robert Samuels on January 2nd 2012 | Business
There has been an increasing demand for printed items. And this demand is not restricted only for bu...
 
Advantages of hiring SEO Next professionals for your online business
Published by James Blee on March 3rd 2012 | Business
SEO Next professionals are in fact the most sought after among business establishments that are look...
 
How to effectively start as a credible MLM Marketer
Published by Dylan May on March 26th 2012 | Business
People new to multi-level marketing (MLM) should make it a habit to put together plans and make sure...
 
Business Gas the main supply of power to business
Published by Ashish Pandey on January 21st 2012 | Business
The business gas prices are very important for the running of a business, but it must also be inside...
 
Tips to sell an existing business
Published by Alice Mathew on July 27th 2012 | Business
The following content gives you an idea about the exit strategy that one should follow while selling...
 
Why do you need the services of a business broker in Roseville?
Published by Businessbrokers on December 12th 2011 | Business
There are many other benefits too. Like confidentiality, better price and hassle free process. All t...
 
How do energy companies calculate business gas usage?
Published by Sean Burke on May 4th 2012 | Business
The amount of gas your business consumes should be directly proportional to how much you pay.
...
 
Google services and applications- why to use them in business
Published by FeliciaCorrine on June 14th 2012 | Business
Google is a far famed search engine and it is being used for quite some time. Now the Google has int...
 
The reason why a business needs an online mortgage loan processor
Published by Amitaabh Saboo on December 1st 2011 | Business
The housing market is one that has a lot of competition, and therefore, a small or medium sized comp...
 
Online business ideas: Get more ROI
Published by Businesstechblog on February 7th 2012 | Business
...
 
How to build a vending business?
Published by Linda Marselli on July 23rd 2012 | Business
Remember those vending machines that allured you into dropping in a coin and getting what you desire...
 
Management by Objectives for the growth of business
Published by Annphilip on February 27th 2012 | Business
It was Peter Drucker who introduced and popularized the concept of MBO. The concept gains more popul...
 
Service Uncle’s Free Business Listings to give boost to Service Industry business
Published by Uncleservice on December 26th 2011 | Business
Service Uncle, the world’s 1st online portal … exclusively for Services, is a unique combination...
 
Beekeeping as a hobby and lucrative business for bee lovers
Published by Cody on June 11th 2012 | Business
If you wish to start a beekeeping business there are certain things that you need to keep in mind. F...