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How Networking Can Help Build Your Business

  • Author: bizmonies
  • Filed under: Networking
  • Date: Jul 23,2010

You may be surprised to know there are many local chamber groups having meetings in your area. They consist of small business owners who are interested in growing their business and expanding their mind. Read the rest of this entry »


What to Ask Yourself Before Starting a Small Business

Don’t quit your day job until you have extensively researched and answered the following:
  • What product/service will you provide?
  • Is your idea feasible?
  • How will you protect your idea?
  • Is there a market for your product/service?
  • What skills do you need?
  • Who are your competitors?
  • What difference will you bring to the market?
  • Do you have the financial capacity?

Running Your Own Business – An Adventure into Self Employment

Running Your Own Business

Running Your Own Business

After years of working in a job. Working for a boss. After always asking, waiting in expectation and accepting tasks from a manager for one’s whole life – it is a giant change in mindset from being a worker to running a business.

What is a Business

Things that you will need to think about when running your own business:

  • Income – Income must meet expenses
  • Legal Structure – Sole Proprietorship or Sole Trader
  • Planning and Overall Management – Vigilance over many aspects are required such as customer service, purchasing supplies, pricing, promotion…
  • Financial Management – Paying the bills, planning for future expenses, managing credit, chasing receivables, taxes…
  • Marketing – learning about potential customers, pricing, products, advertising, promoting, product distribution…

Managing Risk

Confidence is needed in your own ability to do what you set out to do. As a business owner you have ultimate control and decision making authority. You call the shots. Therefore, if you have a sturdy plan, the greatest risk may be of your own capabilities.

Entrepreneurs seem to thrive on the 3 to 1 shot – a gamble they judge to be exciting but realistic. Although they are unwilling to gamble on long shots, they are more willing to take a chance if their individual skills can affect the probability of success.

Joe Mancuso – How to Start, Finance, and Manage Your Own Small Business

You have made successes in your own field of expertise. Now, to make the transition to a successful self-motivated businessman you must create a plan.

Your Business Plan

If you are starting your business on a credit card some of the following are not  Read the rest of this entry »


Welcome to Bizmonies

  • Author: john
  • Filed under: General
  • Date: Aug 20,2009

Bizmonies is here to show you how business systems can help you achieve financial freedom. BZM will concentrate on the following:

  • Possible franchise opportunities
  • Multi-level marketing opportunities
  • Management Strategies
  • Outsourcing
  • Financial tips on running a business
  • Internet business opportunities
  • Entrepreneurship

Take care!

BZM


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