Starting Your Business Right!



Starting a business could be a herculean task, especially when one considers the immense amount of competition you would face as a newbie. As a young entrepreneur, it's usually a daunting task competing with already established businesses. Such businesses already have a large capital and customer base, they have the pedigree and reputation. The thought of competition is enough to discourage many potential entrepreneurs, urging them to dust their CV's.

Frankly speaking I wouldn't say it is all that easy, but there is a difference between working hard and working efficiently. Many new entrepreneurs tend to want to copy their bigger competitor's ways of doing things. Yes these methods worked for these businesses don't necessarily mean there isn't another way to provide more efficient and effective goods or services.

The key element in starting business is the costumer, as they form the focal point of business. One must understand the needs and desires of costumers in your niche- which is apparently the same with costumers all over, they are looking for solution to certain problems or they want to derive the most satisfaction at a given cost. They really don't concern themselves with how much it cost to produce these products, or the amount of manpower required to produce this or that, all they are concern about is solutions.

Understanding this would go a long way in helping new or struggling entrepreneurs change the way they think. As an entrepreneur, you need to concern yourself with the problems consumers in your niche are facing, even if there is an existing solution, thinking out of the box, you can provide them with a better solution for their everyday problems.

There are so many problems in every niche that requires solutions, it is your job as a new entrepreneur (that wants to be successful) to identify these problems and search for possible solutions to these problems. These would give establish a temporary monopoly for you in your niche- which could yield a whole lot of profit, depending on how you plan your business.

It is important to understand how others in your niche made it, but that doesn't mean you should copy them with your eyes closed. Remember that a whole lot of people would also be copying their methods thereby saturating the market with replicas, thus given the costumer little choice but to stick with the big guns.

How Do You Know If Someone Will Be Good in a Home Based Business



One of the things that I have gotten asked is how you can know if someone is going to be good in network marketing or not. Obviously you don't want to waste your time with a prospect if they aren't cut out for this type of business and you don't want to look over someone who could be a network marketing rock star... so how can you tell if someone is going to be good or not?

Unfortunately there isn't a way to know if someone will be good or bad in any home based business. That is because it all really comes down to a few things. The first thing is how much do they want it. It's one thing to sort of want to make more money from home and it's another to really WANT it! If you have an intense desire to succeed in a home based business chances are you will be willing to take the extra steps needed to become really successful. Some people will claim that they want it really bad but their actions will show that they don't.

So it's really up to them. If they don't have a desire that is strong enough they won't do as well as someone who really wants it.

A lot of people don't realize that personality actually has very little to do with being successful. While a lot of people see someone with a big outgoing personality and think they would be great in a home based business that is actually not always the case. Personality matters a lot less than other things like desire and passion and motivation. You could give me the option of having 10 really loud, outgoing type A personalities on my team or having 1 or 2 people who might be more shy but have a really strong desire for success and I would take the motivated people all day long.

There is no way of knowing who will be good in a home based business and who won't. So don't ever look over anybody and don't count anyone out because you never know who your next big money maker is going to be.