|
Starting a Business: From Concept to Reality |
|
The U.S. Small Business Administration (SBA) defines a small business as an independent business having fewer than 500 employees. Their research found that small businesses represent 99.7 percent of all employer firms, employ about half of all private sector employees, pay more than 45 percent of total U.S. private payroll and have generated 60 to 80 percent of net new jobs annually over the last decade.
Their statistics show that two-thirds of new businesse's survive at least two years with 44 percent surviving at least four years. They noted that some of the major factors in a new businesses success include an ample supply of capital, the owner’s education level, and the owner’s reason for starting their business in the first place, such as freedom for family life or wanting to be one’s own boss
Resources to Manage Your Small or Medium Business
bizTAMER provides all of the essentials that you'll need to start and manage your small business venture including start-up cost calculators, advice on marketing and taking your business online. You'll learn about legal business structures, how to construct a business plan and how to promote your business. We'll show you where the most likely sources of financing are and how to secure it . We also feature tools that will help you manage your business so that you can concentrate on those things that only you can do. Isn't that why you decided to own your own business anyway?
So if you think you're ready to start your own business, you'll need to be prepared and motivated in order for your business to survive. Preparation means formalizing your concept, planning a strategy, securing financing and promoting your business. Motivation means that you'll need to be willing to do what it takes to succeed, accept the initial set backs without becoming discouraged and remember your reasons for wanting to start your own business in the first place. We'll help with the preparation, you'll need to supply the motivation.
Make sure you bookmark this sight because we'll provide you with new and updated information to help you make your business a success. Welcome to the world of small business ownership. |
|
|
Starting an Offline Business |
|
I probably don't need to tell you this, but each offline business model is different. Your customer base is different, how you reach those customers is different and the needs for space, financing and skilled employees is different. That being said, you need to become the expert on your particular business model. What I can tell you is that there are characteristics of every business model that are common. These are the characteristics that we'll address here as well as touch on a couple of common business models within this space.
The first thing that every business needs to consider is whether you have a viable business plan. Your business plan is essential for making critical decisions. If you haven't gone through the process yet of creating a business plan, book mark this page, go to create a business plan, and come back when you've completed that step. |
|
Read more...
|
|
|
Starting an Online Business |
|
At some point you may want to create an Internet presence for your business or possibly it's an online only business as a merchant or affiliate. Either is a great business model as more and more shoppers are turn to the Internet for information and to purchase products. Without an online presence you could be missing a fair amount of business and a very easy way to expand your businesses reach. With an online presence, Internet surfers from around the world are potential customers.
The basics of taking a business online are pretty consistent regardless of business model. There are some differences in bandwidth requirements and other technical needs that we'll address where necessary. At the very least, each online business model requires a domain, hosting account and web page design. |
|
Read more...
|
|
|
