Posts Tagged ‘business’

September 24th, 2016

10 Rules for Small Business Success

by Rahimah Sultan

 

photo from blog

 

As a new entrepreneur you need to follow certain rules for small business success. You need to quell the enthusiasm a bit and focus on starting out right to avoid later disappointment.

 

Here are 10 of the most important rules for small business success:

 

1. Start small and grow. Don’t try to sell to everyone. You need a niche – a specific product or service so that you’re not competing with everyone.

 

2. Concentrate on what will be the bread and butter of your business. Don’t try to implement all your entrepreneurial ideas at once. You can branch out later.

 

3. Make sure you have a product or service that customers really want.

 

4. Develop a business plan that forces you to think through the basic elements of your company, i.e. your market, competition, industry and your position.

 

5. Know your customers. If you have a clear target market you can be much more effective and efficient in both your product development and marketing efforts.

 

6. Build one business at a time. Concentrate on one new direction, product or service, one target market or one distribution channel at a time.

 

7. Don’t re-invent the wheel. Get a piece of an existing market. Creating a market for a brand-new type of product or service is difficult, time-consuming and expensive.

 

8. Double the estimate of the time and money you originally think you’ll need. Things cost more and take longer than planned.

 

9. Keep things short and use lots of photos. People don’t like to read.

 

10. Build strong customer relationships. People like to do business with those they know, like, and trust.

 

Source: Click here

 

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December 24th, 2015

No Free Rides in Business

by Rahimah Sultan

photo from blog

 

I think most people realize there are really no free rides in life. This especially applies to business. You cannot get something for nothing. There are so many unscrupulous people trying every way possible to take your hard-earned money by daily touting free websites, automatic money machines, turnkey businesses and systems, your own branded website and on and on. There are no free rides in business. By using one of those sites or systems, you generally have no control. If they disappear so goes the business.

 

When my son was a teen, he pleaded with me to help him get a JVC player for either his Birthday or Christmas. Some of the details have faded from my memory. I do recall saying something like that’s a lot of money for something that probably won’t hold your interest for very long. It was a challenge being a single parent of two children and having to be really careful with my money.

 

My son has always been very industrious and worked part-time jobs as a teen. He offered to help pay for it, but since this was something he wanted so much, more so than anything before, I got it for him. He loved that player, and it was the beginning of a “paying” hobby for him as a DJ before joining the Air Force.

 

Early in his military career he was stationed in Germany, at Ramstein Air Force Base where I spent a month with him, just before the United States became involved in Iraq, in 2002, not knowing if I would see him alive again after that. I am very happy to say, although he went through a lot in his 23 plus years of active duty, he came out alive and well.

 

During that month, mid-December through mid-January, my son was attending school as well as working his base job. It was an unusually bitter winter. He was out in the evenings putting up posters to advertise his upcoming DJing gigs. He had some challenges early on but never gave up. Over the years he has become a major player in the DJ world, playing parties for some of the top hip hop artists around. He still plays today and does his 9-5.

 

Although I did not know it, his DJing dream began before he got that JVC player, which he still has and showed me while I was in Germany that month, and reminded me of what I had said all those years ago about a passing fancy.

 

If you are thinking of starting an Internet business, you must have a plan, be tenacious, and never give up. It will take time and you will see positive results only after doing the work.

 

So, forget about all the shiny objects thrown at you daily and decide what you want to accomplish and plan accordingly, because there are No Free Rides in Business.

 
 

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March 14th, 2014

Internet Marketing Rejection

by Rahimah Sultan

 

Rejection of any kind hurts. It’s no different with Internet Marketing Rejection. What matters is how you deal with it. Rejection does have a place and a purpose in your internet marketing business. You will not get a “yes” all the time. Rather than quitting, use rejection as a motivator. Keep learning about your business and find out what you can do differently or what you can improve.

 

Power of Rejection

Don’t hand your power over to rejection. Don’t let it rule your mind and control you. If you do, it could be devastating, because you can lose your money and not achieve your dreams and goals.


Rejection Mindset

We tend to take rejection personally because we invest so much time and effort in our product or service. So we need to change our mindset about Internet Marketing Rejection. It’s not personal. When someone does not want to use your services, it’s not about you. Most of the time the prospect’s reasons for saying “no” have nothing to do with you. It may not be the right time, it might not be a great fit for their business, or maybe they are having trouble making a decision at the moment. So you just move on, but you can stay in touch.

 

Dwelling on Rejection

Avoid dwelling on rejection. Instead focus on what you are working toward and do the daily tasks required to achieve that end. Learn all you can to improve your chances of success and work on your business daily.

 

Be honest with yourself about what you don’t know so that you can give yourself the opportunity to learn it and to grow, both personally and in your Internet Marketing business. Use the right tools to lessen the chances of Internet Marketing Rejection.

 

photo from blog

December 6th, 2013

4 Things You Must Consider Before Starting A Home Business

by Rahimah Sultan

photo from blog

 

There are 4 things you must consider before starting a home business. There are some things that you absolutely must have if you are serious about running a business and others that you will want to get later.

 

If you want to make and maintain an income you must put in the work, especially in the beginning. Then later as your finances allow, you can automate or outsource work to gain some time freedom.

 

Since you are building a business all normal business principles apply. You need a plan, a budget, and you need to keep records. The internet can help to cut the time frame that it takes to achieve profit but it does not change the basics of building a successful business. To do this you will need certain tools.

 

Tools You Need

 

1) A computer – Be sure your computer has adequate memory available and a moderate to fast processing speed. This is your number one tool and it has to work for you to be effective.

 

2) An internet connection – A high-speed (Cable or DSL) internet connection. If you intend to build a progressive business, dial-up just will not work. You can start that way but a faster connection should be one of the first upgrades in your budget. Ensure that a Wi-Fi switch is available on your computer to allow you the option of a cable and wireless connection.

 

3) Antivirus and spyware protection – As you will be online much of the time, you need protection against computer viruses and spyware so that your computer is always up and running when you need it.

 

4) Printer – You will most likely consider getting a printer. The lower the initial cost the higher the cost of replacement ink or toner. So, the only person likely to benefit from a low-cost printer with high-cost consumables is someone who prints very little, and stretches out the time between replacements as long as possible. Unless you’re one of them, you should check a printer’s ink or toner costs before you buy, to avoid budget-busting surprises later.

 

5) Office supplies – you will need regular office supplies such as pens, paper, file folders, calendar, etc.

 

Time and Money

 

The first thing you need to do is figure out exactly how much time and money you are going to spend on your business. The speed at which you can build your business is determined by how much time and money you can invest on a regular basis. You should be able to put in a minimum of 10-15 hours a week and at least…Click to read entire article