Four Ways to Test Your Idea

How to be sure that you have a great business idea before you put time and money into it. There are four great ways for you to test any product or service idea before you start a business built upon it. The Best Source of AdviceNumber one, seek out people who are already in the same business and ask their opinions of the product or service. Many people have saved themselves an enormous amount of time and money by finding that people who are already in the business wish they weren’t in the business and who wish they hadn’t invested the time or money to get in the business in the first place. So go and talk to them. Ask… Read more

Three Reasons for Business Growth

Three key considerations to assure that your business grows rapidly. What to Look ForThere are three reasons for business growth. Look at where you work right now and see if these three reasons apply there. Number one, the product or service is well-suited to the needs of the current market. That means that people want it and need it and can use it and can afford it and are willing to buy it now. Number two, careful market analysis is completed before commencing business operations. In other words, considerable thought goes into whether or not there’s a market before the product was offered. Do Your Market AnalysisHere are some of the questions that you have to ask with regard to… Read more

Starting Small

How and why you can start your own business with little or no money by using sweat equity. Everyone Starts Off BrokeI used to feel sorry for myself because I came from a limited background and I had no money. Then I found that nobody has any money. Everyone starts off broke. In fact, most successful people go broke or nearly broke several times during their lives. Don’t let this hold you back. Practice, Practice, PracticeTransformational leaders empower others by keeping them "in the know," by keeping them fully informed on everything that effects their jobs. People want and need to feel that they are "insiders," that they are aware of everything that is going on. There is nothing so… Read more

Five Ways to Become Wealthy

The Five Roads to Financial Success in America and How to Choose Your Own There are basically five ways that you can become wealthy starting with nothing in America based on over 25 years of research into American millionaires. Number one, you can inherit it. Less than 10 percent of wealthy Americans inherited any of their money, and it’s less and less every single year. The Second Way The second way that you can become wealthy is you can achieve it professionally. You can become a doctor or a lawyer or an architect or an accountant. You can become extremely good at what you do, be paid very well, and hold on to the money. The Third Way The third… Read more

Evaluating A Business

The best time to do your market research is in advance. Here are some key ideas to help you make the right choice before you invest in a product, a service or a business. Bootstrap Your Way To Success One of the best ways to build a business is to start off on a bootstrap. This means that you start off with very little mo ney and you grow your business with the mo ney that you ear n in the business, rather than outside financing, borr owing, l oans from friends and so on. Ask The Right Questions The first thing to do is to research all competitors for the product or service and ask this: “Why would someone… Read more

Seven Formulas for Business Success

Visualize Your Goals There are seven formulas for business success. Number one, set a specific goal and visualize it as a reality. Play the picture of your goal as already realized on the screen of your mind over and over again. Number two, look for a problem you can solve with a product or service that is high quality and good value. All successful businesses are based on products or services that are high quality and good value. Number three, start small and learn your business thoroughly. Be patient. Invest time rather than a lot of money. Bootstrap Your Way to SuccessOne of the best ways to build a business is to start off on a bootstrap. This means that… Read more

Two Quick Techniques For Market Research

Do Your Homework How do you do fast, cheap market research? How do you find out whether or not the product will sell before you get into it? Before embarking on any new business venture, considerable time must be spent in research. Your payoff will be in excess of ten to one in time and money saved or earned. For every dollar, for every hour that you put into research, you’re going to save ten or twenty or thirty dollars or hours later on. So here’s what you do. Check Every Detail Number one is find out every detail of the product or business. Study it carefully. There is a story about Walter Chrysler, who formed Chrysler Corporation. What he… Read more

Opportunities Are Unlimited

There have never been so many opportunities to start and build a successful business than there are today. One Million Every Year Ambitious individuals like you, with dreams and hopes, are starting new businesses today at a faster rate than ever before. Over one million new enterprises are being launched each year, and the rate is accelerating. The opportunities for finding or developing a new business idea are all around you, and with proper preparation, the possibilities for your success are enormous. No Better Time Than Today As many as 80 percent of all the products and services in common use today at home, in business and in organizations large and small, will be obsolete in five years. They’ll be… Read more

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