Do you know that independent research has discovered that 95% of new businesses fail before their third birthday
March 6, 2010
Do you know that independent research has discovered that 95% of new businesses fail before their third birthday- You are about to find out what the 5% of businesses that survive do differently from those that fail.
… PLUS discover how to start your own business with little or no money down payment
as you use the power of leverage!
Dear Friend,
After working for nearly 16years for different top international and national organisations, supporting different types of businesses to develop and build capacity to serve their customers efficiently and improve their sales and profits, I decided to start my on business 2.5years ago.It has been a very exciting and interesting journey to say the least. Looking back, I wish I had started sooner, but quite frankly it took me sometime to ditch my fears and develop my self-confidence in doing what I always wanted to do and I am extremely glad I have done it now. I consider you to be a special friend of mine because you are reading this page. I know you want to start a business or help someone else do so, otherwise it will be pointless you reading this page. I have a very special story to share with you and I want you to take a short journey with me. I speak from the heart and I want your heart and mind to be involved in all that I have to say to you.
Before we start this journey, I want you to do something very personal. I want you to close your eyes and imagine what life will be for you, if you were to suddenly start your own business and it turns out to be extremely successful. I want you to think about what your new life will look like. I want you to see where you will be living, who you will be working with, the beautiful vacation you will have with your family as you now find yourself with more time to do the things you love to do. I want you to listen hard and fast to what people are saying to you as you now find yourself in this new life……… relax and let your imagination take you where you have never been in the mind. Please do this exercise before you move on. It is well established truth that you will never accomplish a goal you have not first established in the mind.
One of my mentors, who happen to start his business from scratch, forty years ago, and went on to make millions of dollars gave me this very exercise to do before I started his coaching and mentoring programme. It is amazing to note that no matter what you may think in your head, if you cannot see, feel, hear, taste and touch it in the mind, your effort to achieve it will be futile. In other words, if you cannot see yourself already accomplishing your new life, as well as a successful business, your effort to build a successful business will be undermined. This is the first secret to starting a successful business which many ignore at their peril, only to find themselves in failure. This is one of the hidden secret that the 5% of successful entrepreneurs understand and apply in their lives but unfortunately the 95% of entrepreneurs who fail in business are ignorant of this secret.
If you listen, hard and fast to any successful entrepreneur, you will hear them saying that they build their business first in the mind and then in the physical form. I will share with you more about this later. The likes of Robert Kiyosaki, Richard Branson, Andrew Carnegie and many others successful entrepreneurs have written many books to uncover this truth and I want you to understand it importance in the road map that will help you start your journey towards your dream of business start-up and success.
The question is simple, are you prepared to take the journey that will lead you to success. Are you prepared to do what the 5% of businesses that survive do or would you rather choose the path that the 95% of businesses follow only to find themselves in disappointment. These are the real questions you will have to answer for yourself and the path you choose will determine your destination.
But what is the price you need to pay if you are to start a successful business?
Good question. It is not a simple question to answer. You need to know that that you will pay a price regardless of the path you choose. The question you should be asking is this, which path leads to success and how does the failure path look so that you can avoid it at all cost. A great author once said, if you do what you have always done, you will get what you have always got. So look at your results so far and ask yourself what you have done so far to arrive at your results. You will soon find that you have a readymade formula to arrive at your current destination. Every successful entrepreneur you find across the global market knows the formula for success is the same irrespective of where you find yourself. This formula is simple in theory but difficult in practice for all sorts of reasons. In my book “My Business Is My Business” which you will find at the end of this page, you will find more information about this concept. For now, you need to know that the formula for business success is:
Right Attitude + Technical Competences in business management and leadership skills = Business Success
It is well known amongst successful entrepreneurs that 15% of their success has to do with technical competencies, whereas the remaining 85% has to do with right attitude and mindset. Sadly, most support available for business start up tends to be focus on the 15% factors for success and ignore the remaining which is why so many new businesses fail. One of the greatest and richest entrepreneurs, Andrew Carnegie made it clear that if he was faced with a choice of working with someone who is intellectually sound or someone who is harmonious and cooperative in approach, he will always choose the later. You will get a copy of “Think and Grow Rich” at the end of this page, where you will find this information. In addition, in this same book, which is a “must read”, you will find information about why people fail in business. I will list few of them for you now. They are the habit of getting something for nothing, the habit of cheating others, the habit of negative thinking, lack of financial capital the list goes on………………………………….. With all of this in mind, you are now best place to take the right action that will lead you to success.
Hang on; let me introduce myself to you so that you get to know why I am sharing all this information with you. I am a business coach and mentor with over 18 years experience working with different types of businesses across the UK and abroad. I am also qualified as a Fellow Chartered Certified Accountant, with a Masters in Business Administration and a Practitioner License in Neuro Linguistic Programming. In less than two years of starting my own business I generated income in excess of what I earned in my job. My business has been growing steadily using the tools I am about to share with you at the end of this page. I provide training, consultancy, coaching and mentoring services mainly to aspiring and small business owners and I have a strong passion to help develop businesses across the world as I see this as my mission l for the development of our economic prosperity. I have trained, mentored and consulted hundreds of businesses over the last 24 months. I have a track record of inspiring, motivating and empowering aspiring entrepreneurs to start a successful business. I am confident you will also learn from my expertise and those of my team members. You can find out more about me through the testimonial page.
Before you read any more, download your copy of my FREE report!
I have put together a free report on what it takes to start a successful business. All you have to do is download the information when you sign your name and email. You will also get my free newsletter.
I don’t know about you, but I am sure you do not want to keep repeating a formula for business start-up that leads to failure in less than three years. I am sure you do not want to spend your money and time in a business that will not achieve your dreams. I am sure if faced with a choice of achieving your goals slowly or not achieving your goals at all, you will go for the former option. Well, if I should be blunt with you, many aspiring entrepreneurs go for the short cut approach and when they do not make it, they blame others instead of themselves. The road to success is simple and straight, however it is narrow and very few go through it.
Knowing what I now know, I absolutely refuse to learn formula that will lead to failure. My attitude is to win and to do so big time. This means, paying to get the best advice and using the advice to achieve the correct results. It also means being willing to sacrifice leisure to do the work I have to do to become successful.
Many aspiring entrepreneurs do not think correctly. When faced with challenges they focus on the challenges as opposed to finding solutions to the challenges which is what being an entrepreneur is all about. This is another secret you need to learn and one that is covered extensively in one of my resource listed at the end of this page. Imagine, being faced with no finance to start your business, will you give up or will you find ways of raising finance creatively. Will you start thinking of selling stuff in eBay, perhaps getting your friends to give you all their old books and clothing whilst you sell them on eBay to make money? An entrepreneur will do the later. Someone who is still thinking like a consumer as opposed to a producer will focus on blaming the bank and the government for not giving them grants or loans. Here again, you have just learnt a little secret that the 5% of entrepreneurs do differently from the 95% that fail. If you are serious about starting a successful business, the first thing you are going to have to do is ditch your old ways of thinking and start thinking and acting as successful entrepreneurs.
As I started my business, I realised I needed a coach and mentor. I carefully, chose successful entrepreneurs with proven track record to mentor and coach me in different subject areas. Every successful individual has a coach and mentor. People who are not successful very rarely have a coach. I also learned from my mentors and coaches that they also have coaches and mentors. This is another secret that many aspiring entrepreneurs do not know. I paid for my mentors’ time. I do not expect something for nothing which is one of the causes of failure. Remember this is another cause of failure in business. As I employ what I have learnt from my mentors and coaches, I develop resources that I will use to help others in their journey to success. I was pleasantly surprise when I purchased a programme recently to find that most of the contents of my resources are packaged in this programme and labelled “A business in the box”. The first module of the programme is all about what it takes to be successful, followed by the mindset of successful entrepreneurs. You will find out more about my resources at the end of this page.
As I started coaching and training business owners and aspiring entrepreneurs, I found that I am getting good results. In fact, many of them will describe my approach as inspirational and empowering. All I have been doing is employing what I know work. Most aspiring entrepreneurs have technical skills but lack emotional intelligence to handle the challenges of life effectively. Technical skills are easy to fix. Emotional intelligence is not easily fixed because they are rooted in our beliefs and values system.
…I discovered a couple of unfortunate events in which aspiring entrepreneurs have made decisions that cost them their business
As I work with business owners and aspiring entrepreneurs that are making progress, I noticed they approach their business differently from those that are struggling. Successful entrepreneurs have a clear vision, mission and systems in place to support their business. They understand the power of leverage of other people’s time, experience and money. They understand that partnership and harmonious working are critical for success. On the contrary, when I come across businesses that are struggling, their thoughts patterns are in opposition of those who are successful. They think the world is against them or that they can get by on their own. They are often guided by beliefs and values that are limiting and disempowering. One session with them and I will begin to see a different results emerging. Recently, one of my clients who was about to pack up her business told me that she now has a different type of problem. When I met her, the problem was that she cannot find customers. By the time I finished the coaching programme with her, two months later, she is now having more work than she could handle. What did you think I do? I merely helped her to focus on all the resources that she already has at her disposal, as opposed to focusing on all the things she does not possess in her opinion. I worked with her in developing a solid business plan, as well as policies and systems to underpin her business. This is something that is time-consuming but nonetheless important for business success.
My work in the business start up arena took a different turn for the better!
I realised that to help millions of entrepreneurs out there, I need to document the knowledge required by the market to build a successful business, using clear and simple language as well as real life examples. I decided to write my first main book and I choose the title carefully. You will find details of my book at the end of this page. The book is titled “My Business Is My Business- Learn How to Earn a Fortune”. Research has shown that the number one reasons for starting a business is financial independence and freedom. You want more money and more time to do what you want and how you want it. The title of my book should therefore not surprise you, particularly as it is based on successful business owners as well as those who have not made it. The book is also endorsed by well know multi-millionaires in successful businesses. As people read the book and give me their feedback, I am extremely pleased I published it.
As I get feedback from users of my resources, I realised that it was the right thing to do to ensure that you get the right resources that will take you through the journey of success. Successful entrepreneurs do not rely on one source of income. They have multiple sources of income, which explains why you will find at the end of this page a home-base business opportunity. We also run training courses on online business opportunity and we put together resources that will help you develop your internet marketing skills. You must be aware that most of the support programmes you will come across do not teach entrepreneurs about how to create multiple sources of income or how to think and behave like successful entrepreneurs, which is precisely why 95% of them fail in a short period of time. My resources will teach you different ways you can build multiple sources of income, whilst at the same time building the business you are passionate about. I discovered this information as part of my coaching and mentoring programmes with millionaires such as Mark Victor Hansen, Robert G Allen, Bob Proctor, Paul McKenna ……………………………………
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Read What Just a Couple of “Dear Sheila, One thing that I admire about you and that is your integrity. I have met many so called coaches who perhaps do not have the integrity which I go by and it is so admirable to find someone who does. What I like about your talks are the frankness and spontaneity. I feel that it grips the audience and keep them fixed. Your book is a real surprise, well written and versed. I feel that I am reading a book by Steve Covey. I am a professional photographer and you are a joy to work with, listen to and read. Keep up the excellent work.” ~Darren St Mart Business Services Support provided us with an effective support in putting down the necessary requirement for a starter body care production company like us, and also with a continuous commitment to see the business through to its birth. Of particular importance is the advice and counselling for the business plan write-up, its requirement and the inspiration to think positively and confidence in every aspect of business and life. BSS works very professionally, taking us from the basic to the most difficult, and at each stage helping to break down the importance of each demands and making simple what planning a business requires. BSS is surely the main Business Consultant to Yess Essentials. Dr. Yemi Shode; Yess Essentials Ltd
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I’ve filled over 100 pages with the exact information
you need to make your own business successful
When you’re ready to start your own business, what you need is a resource that doesn’t just give you copies of the same old recipes everyone else has. You need real tips and sound advice, so you can figure out how to:
- Think and behave like successful entrepreneurs and get the same results they get. It is called the law of cause and effect.
- Generate, develop and protect your business ideas; learning the secret strategies for developing a creative mind and being innovative is a critical success factor in business.
- How to source products to sell…………………….
- Put together a robust business plan and financial forecast for finance and managing your business effectively
- Market your services using robust strategies that will bullet proof your business and see it grows when others are looking at you enviously
- Develop your mind power for business success
- How to develop an online business that makes money for you as opposed to create a presence on the internet for you and more….
- How to leverage your time, money and experience through others
How will these resources benefit you?
- Access tools to clarify your vision, mission and passion which are pre-requisite for business success
- Fast track you success in raising finance for your business using conventional as well as creative approaches.
- Help you develop the mindset of successful business owners, so that you too can begin to get similar results they experience in business
- Boost your confidence as you learn skills and tools for empowering your inner self.
- Accelerate your capacity to develop products and services that meet the needs of your market, as well as the capacity to sell them for profits using the power of leverage.
- Quadruple your success rate in achieving your business goals
- Boost your self esteem and credibility in the market…………….
- Learn about internet marketing strategies and gain immediate access to strategies for raising passive income – see information at the end of the page. You can also log on to the ecommerce marketing page for more information.
By the way, we run tele-seminars and monthly Business Success Seminar. Subscribe to our newsletter so that you will be kept informed about our events.
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Pick up the phone and contact us today or order a copy of your resources today and start your journey to success: ORDER TODAY
![]() MY BUSINESS is MY BUSINESS- Learn How To Earn A Fortune
Many people aspire to be their own boss, run their own business, and achieve financial independence, but seldom do they sit back and ask what it takes to run a successful business. Perhaps you are one of the few who have asked this question, and if so, I want to congratulate you for your brave action. Price: US$27.99 (includes shipping) |
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Creative Mind – How to Generate, Develop and Protect Your Business IdeasLearn about how the mind works and how you can develop your mind to start attracting what you want. Learn about true stories of how the mind was used to attract events and people to achieve a desired goal. Learn about how to develop a success conscious mindset. Price: US$29.99 |
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Mind Power – learn how to transform your life through the power of your mindLearn about how the mind works and how you can develop your mind to start attracting what you want. Learn about true stories of how the mind was used to attract events and people to achieve a desired goal. Learn about how to develop a success conscious mindset. Price: US$29.99
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Foundation for Business SuccessThe training module provides participants with: Individuals who have attended this course rated it 95% and above. Take advantage of this now. You can attend a one hour teleclass when you buy this course. Price: US$29.99 |
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Strategies for Attracting Finance for BusinessHave you wondered why some businesses have financiers chasing them whilst others have financiers shuting their doors at them? Have you ever thought about the possibility that there is more to it than the eyes see. Let this course expose to you what you may have not been told about the capital market (the banks, the private investors and more….) Many may think that raising money for business start up, development and growth is challenging. However, this if far from the truth as it depends on who is seeking the finance. 1. How to attract the attention of financiers and get them to say “YES” to you 2. How to develop and grow your business confidently and make it finance attractive 3. Where to find money to start, expand and grow your business 4. What financiers do to determine their lending decision that they may not neccessarily tell you. Price: US$39.99 |
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Thousands now make a full-time income from their own business who never thought they could!
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It’s Easy To Make Money Producing eBooks About Subjects You Already Know About, Once You Know These Secrets…
This is great news for you, because you can take advantage of all my hard work! You now have a chance to learn all my hard-won secrets of creating eBooks that really make money. But it doesn’t stop there, you’ll also learn how to market them online, drive tons of targeted traffic to your website, and earn a very comfortable living online. Imagine how great it’ll feel to wake up in the morning, check your email, and see that while you were sleeping… your “simple little website” was actually making money for you! It’s a great feeling, I tell you! Many people decide to do this full time, but even if you choose to hang onto your day job, you’ll go to work with a greater sense of accomplishment… knowing that you have an edge over the everyday person who has to live paycheck to paycheck. Price: $11.99 |
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Acres of DiamondsThis ebook is a gift from us and is loaded with wisdom that have been used by millions of top business leaders. The contents of the book should be studied thoroughly and implemented. The author is renowned across the business world and the principles shared form the foundation of truths behind every business success. Your mind will be enlarged, stretched and no doubt you will be taken to a new level. |
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Millionaire MindsetThis is yet another ebook gifts for those of you who want to become a millionaire. Many want to become a millionaire but have no clue about the map to do so. It starts with your thinking and who is best to teach you how to do so other than a millionaire. Thinking like a millionaire will put you on course to becoming one. However, if you do not want to become a millionaire then perhaps this is not for you. Let Gerry Robert show you how to think like a millionaire – read his book today. |
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Think and Grow RichIf you are looking for the formula for business success that will outlive you and one that has stood the test of time, you have it here now. All you need to do is to sit down and start reading and then sign up for our workshops where you will meet with tutors whose seminars are rooted in the principles shared by the like of Andrew Carniegie (a billionaire in his time), Thomas Eddison, Henry Ford, The Wright Brothers, the founder of Macdonalds and more……… We want you to succeed in business and we strongly believe that to help you achieve your goal you need to be empowered with principles of truths that will save you considerable time and effort and lead you towards your goals. |
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Your Invisible PowerThis is another ebook gifts you do not want to miss out. When I read this book I was so thrilled I have to bring it to the attention of all those who are in contact with BSS. This book will teach you how to untap the talent lying dormant within you. I strongly advise you read the book in completion before making any judgement as the nugget of it all is laid somewhat at the end of the book. If you have any doubt about the strengths and power of humans this book will help you to dismiss that theory completely. However, by the end of reading this book you could be thinking how can I make the best use of what I have learnt so far, this is where BSS comes in. We will show you resources that you can use to expand you thinking, strengthen your mindset and improve your results dramatically in business. Read this e-book and you are on course for a mind exploding experience. |
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You can get a massive discount when you purchase all our resources as part of the
SMART ENTREPRENEUR TOOLKIT
Download Your Resource Today
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SMART Entrepreneur Toolkit – Hard Copy with Immediate Access to Electronic Edition (online) Our superb Offer include:
Please allow 1 week for UK orders and upto 3 weeks for international orders. All products are immediately downloadable after payment is made. You get to start using the products right away after your purchase. Normal Price $999 incl VAT Special Offer – $299 incl VAT
Living outside the UK? Please click on the buy now button below to purchase for shipping outside of the UK. Special Offer – $399.99 incl VAT (Incl. postage outside the UK) Smart Entrepreneur Toolkit – Digital Edition, No Hard CopyOrder it for $199 and download it today!Want to access all the information TODAY? You will be able to IMMEDIATELY access to the Smart Entrepreneur Toolkit once your payment has been received! For a special reduced price of $199, you will get your own digital copy of the Smart Entreprenuer Toolkit via download, and don’t have to wait for the post! Choose this alternative option, and save money today! Buy the Smart Entreprenuer Toolkit – Digital Edition …. TODAY! |
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PLUS — I’ll Even Take All The Risk Myself! I already know that products are invaluable to you as I have used them myself and have benefited from them. I have clients who have used these resources successfully and in one particular case, my client saw an increase in cash flow of because I’ve made AND tested 100% in less than six months. Another experienced an increase in cash flow of 30% in less than six months. I know they work that’s why I feel totally confident in offering you a guarantee that puts ALL of the risk on me! Order my resources today. If, at any time during the next one month, you decide that the resource and other information I’ve given you isn’t worth at least triple what you paid for it, I’ll simply refund all of your money! No hassles and no questions asked. Plus, all my super bonuses are yours to keep, no matter what you decide. |
Wouldn’t you agree that it makes a lot more sense to start your own business using my resources? You have nothing to loose.
Let me again remind you of the benefits of these resources
- Access tools to clarify your vision, mission and passion which are pre-requisite for business success
- Fast track you success in raising finance for your business using conventional as well as creative approaches.
- Help you develop the mindset of successful business owners, so that you too can begin to get similar results they experience in business
- Boost your confidence as you learn skills and tools for empowering your inner self.
- Accelerate your capacity to develop products and services that meet the needs of your market, as well as the capacity to sell them for profits using the power of leverage.
- Quadruple your success rate in achieving your business goals
- Boost your self esteem and credibility in the market…………….
- Learn about internet marketing strategies and gain immediate access to strategies for raising quick income – see information at the end of the page. You can also log on to the ecommerce marketing page for more information.
Go ahead and Order your resources today and put your business on the road to success.
Sincerely,
Sheila Elliott
PS. Remember, you’ve got nothing to lose by using our resources. I will give you your money back if you are not satisfied — and you can keep all the free bonuses!
To make money from home, scroll down for business opportunity.
Make Money Right Now From Your Home!
Whether you have only a few spare hours a month, or would like to devote FULL TIME to your business, you can make big profits fast! The demand is here now! Internet sales of consumer products are soaring every month. It is estimated that by the end of 2010, Internet sales will reach as much as 950 Billion dollars! We can put you right into a wholesale business, making you a vital part of a multi-billion dollar industry. Your business will be accessible to over 800 million users worldwide! The Internet works for you 24 hours a day, 7 days a week and on the Internet, any business can look like a Big Business. Somebody has to supply merchandise to potential customers and we just opened the world to you! Our contact offer hundreds of wholesale items that can be drop shipped anywhere in the U.S., Canada and many other countries. You never have to carry any inventory. There is no start up fee, no investments, no contracts and no obligations. This is a NO RISK 100% satisfaction guaranteed offer. You make your own hours and you are your own boss! This is not a ‘GET RICH QUICK’ program, but a program that you can work part time or full time and make extra money. How much depends on you. Your success is very important to us. We will do whatever it takes for you to become successful. We help people’s dreams come true! We link you with wholesale suppliers of hot products that sell online so that you can start making profit in your business. If you do not understand how drop shipping works, we ask that you read the information below now. |
What is Drop Shipping?We cover the concept of distribution of goods and services from the manufacturer to the end users (the market) in our online course. If you want to learn more about the concept and principles governing drop shipping we strongly advise you attend one of our workshops or teleseminar. For now I am going to explain the concept of drop shipping very quickly so that you can understand what it is all about. Drop shipping is an arrangement that allows online retailers to sell products of wholesalers online, without handling any inventory. You promote the products of wholesalers through your website or through auction sites like eBay and Amazon. This is how it works. Your customers’ purchase the products from you directly via your website or auction site; upon purchasing your products you receive the cash upfront and then go to the wholesaler to purchase the products at a price lower than the retail price. You pay the wholesaler the wholesale price for the products; you provide the wholesaler with details of your customers (products, address etc), the wholesaler ship the products directly to your customers and you, pocket the profit (i.e. the difference between the retail price to your customers and the wholesale price of the products. Notice, that there is no handling of inventory involved in the process, by you. All you have to do is ensure you market the products after careful setting of the appropriate price to cover the full costs of the transaction. Wholesale Product CategoryAccessories |
SAMPLE OF PRODUCTS – Wholesale v Retail Prices
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TOP TIPS FOR STARTING A SUCCESSFUL BUSINESS
You may have heard that 95% of businesses fail before their third birthday.
However, this there still exists the 5% who survive and abound well beyond their 10th birthday!
Question for you: Have you bothered to find out the magic formula for a successful business start up?
The secret to starting a successful business lies within your understanding of the key ingredients for success. Many beginner entrepreneurs have no knowledge what these ingredients are and for those who do know, some lack its understanding and practical application for success.
ESSENTIALS FOR ASPIRING ENTREPRENEURS
Tip 1. Begin with the end in mind
You need a clear vision of what you want your business to be like. No vision, no clear direction and of course no success. Make sure you have high values as well as a mission for the business. A business whose values portrays good standard and a spirit of delivering excellent services and products will always thrive over those with mediocre values or no value at all.
Tip 2. Focus on what you are passionate about
If you focus on a business purely because of its moneymaking potential, you will be least likely to overcome challenges and setbacks. When you focus on a business you are passionate about, you are more likely to persevere with it in the face of challenges and setbacks.
Tip 3. Develop a success conscious mindset
The greatest asset of humans is the mind when used correctly. If the mindset is poor then the results you achieve will be poor. All successful business owners have a success conscious or rich conscious mindset.
Tip 4. Develop a dream team
Remember that nothing significant can be achieved by one man; you need to work with other people and so you need to carefully put together your dream team for success. In business 1+1 = 11; 2+2= 22; 3+3= 33; 6+6= 66 got it. This is called the power of synergy.
Tip 5. Spend enough time developing your business idea and researching your market.
The greatest flaw of most new businesses is that they get into the market in a rush, often prematurely. These businesses often die a natural death due to insufficient and often inadequate business incubators. Spending time researching the market and developing your business idea will save you time and money.
Tip 6. Develop a unique selling point
Avoid making the mistake of thinking that USP is the same as delivering high quality services. I am yet to meet a business that is set up to deliver low quality services. Even when a business provides substandard services and products somehow they still label them high quality.
Tip 7. Develop a clear and compelling business plan.
It is one thing to know what you want; it is quite another thing to know where you are heading. When you have a written business plan, your thought process is much clearer about your business as opposed to the mind map. This can be a time consuming process but it is well worth it in the end.
Tip 8. Get your business insured
This is important so that you can protect yourself should the unexpected occur.
Tip 9. Put in place robust financial management systems
This helps you keep track of all spending and monies received. Sounds like book keeping? Absolutely! Beyond bookkeeping, you also want to ensure a financial report of your business exists as this will be major input for making sound decisions for future growth and development.
Tip 10. Put in place robust sales and marketing systems.
A marketing plan is very important, you may need information systems (backup and other support), people management systems e.t.c. Some entrepreneurs invest in Customer relationship Management softwares to manage every contact.
Tip 11. Develop understanding of finance sourcing
Only approach financiers when you feel confident and the financial outlay is now necessary. Note of warning! If you have not done your homework properly or even lack passion for what you want to do- stay clear from the banks or private investors. Well experienced financial representatives are able to spot it real quick!
Tip 12. Invest in your own personal development
Learn how to sell, how to manage people, how to read financial statements, produce budget and general literature relevant to your line of business. What you fail to prepare for today you will repair tomorrow!
Tip 13. Get yourself a mentor or a coach
All successful business owners have one or more mentors as well as coach(es). Be wise in your selection of a coach or a mentor. Ensure they have real experience in what they are advising you on. It will be absolutely pointless to have a business coach who is an employee. Your coach has got to be in the business of running a business.
Tip 14. Protect your business idea by using the services of patent agents.
Be sure that the agent you use is registered with a professional body.
Tip 15. Familiarise yourself with business law
Take interest in the law regarding your upcoming business. Be sure to obtain professional advise from someone with expertise in commercial or business law. Never attempt to play the role of a lawyer unless of course you are one.
Tip 16. Finally take action and manage your decisions
Do not wait for a perfect product or service. Bill Gates started his computer empire without a perfect product. Be prepared to learn and improve your business consistently. Let me have your comment on this blog post.
Foundation For Business Success 25 March 2010
March 5, 2010
Foundations for Business Success
Workshop & Seminar
Presented by Sheila Elliot,
Business Management Consultant,
Trainer & Author.
________________________________________________________
In the first of four workshops, find out how to create the foundations
necessary for a successful business start-up.Free and open to all. Networking Opportunity.
Westminster Reference Library
Thursday 25 March 2010
2.00pm – 4.00pm
To book a place, telephone 020 7641 5250
or email: bip@westminster.gov.uk
Westminster Reference Library
35 St Martin’s Street
London WC2H 7HP
You can also book on www.businessservicessupport.com/free_services
Dropshipping – How does it work and how can I make money with it
March 1, 2010
This is a very important question many entrepreneurs looking for opportunity to make money online would like honest and open answer to. I am going to take you through the main tasks involved in getting you to make money with dropshipping and share with you my own personal experience in the journey of exploring dropshipping opportunities.
I am going to give it to you as it is in the real world, no fluff. I have tested everything I am sharing with you because I want to be absolutely certain about the reliability of the information I share with my students and readers alike. Most of what I know I learned directly from experience not just from reading books. I have had ups and downs in the journey, as you will imagine, but I am extremely pleased that I am now clear about what works and what does not work.
If you are not familiar with the concept of dropshipping let me explain it before proceeding. Dropshipping is an arrangement whereby you sell products that are directly held in the inventory of the suppliers and distributed to your customers directly by the suppliers on your behalf. For the novice, this can be a complex concept because it is a reverse of what is the norm. It is normal practice to buy products, stock them and sell directly to customers. Many entrepreneurs relate to this as a way of doing business but find dropshipping as a way of doing business a minefield.
Typical questions that have been asked of me are:
1. How do I get paid for the products
2. How do I know the products I am selling is in stock
3. How much money can I make and what are the risks
All these questions can be addressed when you sign up for our free mini-dropshipping course. Of course there are pros and cons with dropshipping and as a savvy entrepreneur it is down to you to learn how to circumvent the risks and optimise the benefits.
Making money with dropshippers involves taking a number of steps. Each step is important and must be given due attention. To begin with you have to:
o Source the right products you want to sell.
Many naïve entrepreneurs in desperation will start selling products missing this vital step. Products for which the demand is weak on the internet are not likely to make you money irrespective of how cheap you can get them from the dropshippers. The higher the demand, the more likely you are to succeed with the products, all other things remaining constant.
You have to understand the needs and want of your target market by carrying out research. If you jump into a business without sufficient research you will soon learn that your business is really the research. That in itself may not be a bad thing but remember you are putting your time and money at an unacceptable risk taking this approach. Entrepreneurialism does involve taking risks but some element of responsible and managed risks may be called for because your time and money are assets you don’t want to put to waste.
As a result, the first key asset you need to succeed through dropshipping is a mechanism of sourcing products from reliable dropshippers. I want to put it to you blatantly that many of the list you will find in Google directory is unreliable. The biggest risk you will find is that dropshippers will not deliver the item on time at best or at all leaving you expose to criticism from the customers and in some case with a bill to refund customers money.
To learn more about this, you will do well to sign up for our mini course on www.businessstartupuni.com . All that you need to know you will learn for free from this course. If you don’t have time for mini-course you can access a list of reliable dropshippers today from www.businessservicessupport.com/dropshipping
Join my forum today and ask question. Meet Sheila at the free forum and learn about what she is up to. It is free. You can also trial my online business startup coaching risk free for 30days.
Sheila Elliott is an expert in business and personal development strategies. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about our free articles visit, http://www.businessservicessupport.com
Dropshipping – How to start a business with dropshippers- Part Two
In this article, I am going to continue sharing with you some of the steps you need to take to do business successfully with dropshippers. In part one, I mentioned that having a network of dropshippers that are pre-qualified and reliable is critical for success. Also important is for you to be able to get hold of the products required to satisfy your target market’s needs and want. We will now look at other factors you must carefully consider when planning on doing business with dropshippers. The main points are:
o Check the competition on the products you want to sell
Selling online does not defy the laws of economics. If there is a high demand for a product and the supply of the product is equally high, the price at which you can sell will be low. So you need to check the competition; how strong or weak it is. Will you be one of few online retailers selling the product or will you be one of millions selling it. You can access a free tool today to find out more about your market’s competition. Simply scroll to the end of this article.
o Determine how the online retail price will compare to the price you can order the product for from the dropshipper.
This is so crucial. If the margin is not strong you are unlikely to make profit after deducting your purchasing costs, selling and overhead expenses as well as tax.
o Check the reliability of the dropshipper
How reliable is there business model and how long have they been in business. What is the quality of the product and what is the perception of the market about the dropshipper. How fast do they process orders and what are the consequences for late delivery or frequent mistakes in delivery. You need to get answers to these questions. You can also go to www.businessstartupuni.com and sign up for our mini course if you have not done so already.
o Open an account with reliable dropshippers
There is no guarantee an account will be opened for you. Some dropshippers have very strict policies on who they will work with. You may need to formally apply to become a partner with a dropshipping company and usually provide more information about your business. Having a website is usually important and if you have not got one set up to date, you will find our recommended suppliers who can help you out on my blog site.
o Once your account has been approved and activated, you can then have access to the price you can order the products for.
Ensure you do your maths well. If you don’t, you are taking a big risk. If you are planning on selling these products on EBay make sure you calculate EBay’s fees and PayPal fees in your assessment of the viability of the business. Also, do remember that a dropshipper may not be able to fulfil all your orders and so contravening auction rules due to late delivery may carry a hefty penalty for your business in terms of feedback from buyers. I always advice that entrepreneurs don’t sell products that are dropshipped on EBay or any auction site unless you have total confidence of the deliverability capacity of the dropshippers .
Put an ecommerce website together.
I will be writing another article on the subject of how to put together your website and how to manage risks associate with the process at some point soon, for now I will cover the basics on what you need for your dropshipping business. Your ecommerce website need not cost you a fortune. Your ecommerce website is nothing more than a shop online. It does not earn you sales automatically. You will need to do marketing at different levels if you are to see your business generating sales. On this site you will find our recommended ecommerce providers, host service providers and more. My company also work in partnership with an Oscommerce expert web designer that offers an off the shelve e-commerce website that comes with a shopping cart for as low as £150 plus VAT and the site is also SEO friendly. You will need to pay for your logo and graphic design and any merchant account integration. It is perfect for start-up that doesn’t have too much money to invest on website.
o Promote your products using internet marketing strategies and direct marketing strategies
Driving targeted market to your site is critical for the success of your business. To do this, you need the support of companies that have reliable tools that you can draw upon. Watch out for my marketing tips article. Subscribe to my blog site if you really need more assistance.
Starting A Business- Part 2
March 1, 2010
Starting a business is a noble decision and so you should feel good about the journey you are about to take. I hope you have read part one of this topic, where I shared the importance of serving your customers. If you have not read part one, please go to my blog site and download a copy from there.
There are numerous ideas you can generate to start a business, but like I said in part one, serving your customers should be taken seriously throughout the process. To serve your customers effectively will call for an understanding of their needs and want. It does not matter whether you are planning an online or offline business, this principle applies to any type of business. Ignore this basic principle at your peril because sooner or later you are going to find that your market is your boss. Offer them what they don’t want, and they are off to another supplier. That is just the way things are. So let me ask you these questions now:
1. What is your motive for starting a business?
2. Why do you want to start a business?
3. Is your motive balanced?
4. Will your motive lead to a sustainable business?
Do take your time to answer these questions. Starting a business well is better than starting one in a rush and paying a big penalty later. Read a copy of My Business Is My Business- Learn How To Earn A Fortune, and you will gain practical insight on what it takes to start a business. The book is loaded with lots of stories about good and bad practices of budding entrepreneurs, as well as established businesses. The book takes you from ground zero to ground hero. You will find out about some of the myths around money and how these myths stifle creativity and ultimately business success.
Assuming you have taken the time to answer these questions, your next task is to find out what business is most suited for you. You are far better off building a business around your passion than building one around something you don’t really like or something someone else suggested you do. Remember, business is about serving. If you don’t like what you do, it will eventually affect the way you relate with your customers and of course hurt your dreams and financial aspirations. To get started, you must identify your passion and find ways of turning it into products and services.
The process of identifying your passion is not that difficult. However, many entrepreneurs I coach, very often needs help from a supporting third party to draw out their true inner passion. I always tell people to go back and look at their lives and identify those things they love to do. Very often, we take these things for granted and underestimate their real worth, choosing instead to pursue that which we are not passionate about. To take this one step further, let me ask you another question. What can you do for free, everyday, if money was no object? That my friend is where your passion lies. It is that simple, don’t complicate it.
Let us assume you are passionate about children. You love children darely. You may want to build a business around children. There are so many things you can do around children and you can easily build a business around themes relating to children. You can sell children’s clothes, you can write children’s books, you can care for children and you can sell children’s games or toys. The list is endless.
Once you have an idea of what you want to do for children, the important thing is to know the age range of children you want to serve. That age range is your target market and understanding their needs and want will be the next step. As part of my coaching, I always take budding entrepreneurs through a series of step to clarify their ideal market. Clarifying your market to the lowest possible denominator is critical in business. If you don’t do this properly at the initial stage, business planning will be challenging and so will marketing. There is nothing worse than trying to sell to the wrong market just because you did not clarify the target market correctly at the initial stage. To find out more about how to identify your target market, download a copy of My Business Is My Business today from my website.
Sheila Elliott is an expert in business and personal development strategies. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about our free articles visit, http://www.businessservicessupport.com
Starting A Business – Part 1
March 1, 2010
If you are planning to start a business, this article has been put together to provide you with guidance on how to go plan your entrepreneur journey. You may have heard people saying that starting a business is not for the fainthearted. Allow me to add that starting a business is not for people trying to escape a bad situation in their 9-5 job, in the false belief that being their own boss will solve their problems.
Starting a business with the wrong motive will jeopardise one’s chance of success. Indeed, many people who have carelessly gone down the road of starting a business without adequate mental, spiritual, financial and emotional preparation for the business world eventually find it an uphill struggle. It is always prudent to start a business after carefully considering the demands that it will put on your time and on those closest to you. This is because there will come a point when you need support of others and it is not uncommon to find those who are in your inner circle finding it challenging to support you because they do not have the mindset of an entrepreneur and can therefore offer you the real assistance you need. Such an event will call for a change in how you perceive the world and of course a radical change in your social life. Doing things the way you always done it will be crazy because that just not going to work. Knowing what works and taking the courage to step out of your comfort zone will be critical for you if you are to make it in the journey.
Starting a business is more than making money and this is the first thing you need to know. Many entrepreneurs starting a business primarily do so because they want a lot of money. This predominant lust to make money at all cost without seeing the other side of the coin often becloud the judgement of entrepreneurs and create more tension and stress that undermine the success of the journey. Don’t get me wrong, a business should be profitable and growing if it is to be viable. But focusing on the money at the expense of satisfying customers is the worst possible mistake you can make because your desire to make money will soon be cut short when the reality of business hit you as your customers or prospect bypass you for other suppliers. In business, you boss is your customers and so your number one priority should be about serving your customers.
A business will only exist if it serves its market effectively and efficiently. Effectively, because it must offer the market what it wants; efficiently, because it should do so within the resources it has and at the same time makes profit. Remember, money is simply a reward for serving others. So if you are planning to start a business, let it be known that service should be at the heart of everything you do.
In my book ‘My Business Is My Business’ I have set out the steps for starting a business in a succinct manner covering the emotional, spiritual and technical management/leadership skills you need to develop to be able to develop confidence and move through the process. In fact you can download a copy of this book (the first three chapters) and learn about the emotional and mental dimension as well as access tools that will help you prepare well.
Sheila Elliott is an expert in business and personal development strategies. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com
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Funding A business- how to get a ‘YES’- Part 2
February 25, 2010
Most businesses owners and aspiring entrepreneurs are to find out how they can fund their business but they have limited understanding of the psychological dimension of investors and the banks. Funding a business, traditionally have been led by accountants who in their roles will normally handle financial matters in business. As a result entrepreneurs who are not financially savvy will tend to rely on finance experts to handle matters relating to funding their business. This is not a bad thing but it is always wise to learn a bit about money matters because it is the life blood of a business. Get this wrong and you will be doomed. In this article I am going to share two top tips you need to know about funding your business. I am assuming you need third party funding which can take the form of grants, business loans or equity finance. To find out about the pros and cons of the different financing options, you simply need to download a free copy of my book where you will get as much information on this subject. For now, lets turn our attention to my tips.
Tip No 1. You need a business plan and you need one that is robust with financial forecasts included in the form of profit and loss, balance sheet and cashflow. Your financial forecast should have key financial indicators which accountants call ratio analysis. I have seen business plans that only consist of financial figures. This is not a business plan it is merely a financial plan. Do not make the same mistake. Your business plan must provide details about your business, your vision, mission and strategic objectives. It must also provide details about your target market, marketing and sales strategy. You want to ensure the plan is compelling and by compelling I mean really persuasive and influential. My company helps entrepreneurs put together compelling business plan.
Tip No 2 . You certainly want to be able to explain your business plan to potential lenders and investors confidently. If you can’t do this, you will rapidly lose their trust. Lenders and investors want to know you have a team of experts in the business, that will support the delivery of the plan (this does not mean they are your staff) but equally if you own the business, they expect that you should be able to explain you business plan to them with confidence. You may call upon the professional accountant as many do to explain the figures at formal meetings. However, as the owner of the business, if you can explain the figures, you will even grasp their attention very quickly. Presenting to investors and lenders is all about influencing other people to do what you want them to do. Don’t forget this salient point. Do all you can to influence lenders or investors to part with their money by taking the necessary steps to be well informed about every aspects of your business plan. Stay clear from cheap plans that will ultimately lack in quality and don’t achieve your goals. Whether you are in business or starting a business, there are some expenses you will have to incur and if you fail to do so, your business dies. Sorry I am being blatantly honest with you as I want you to succeed.
Sheila Elliott is a business start-up and development expert offering group and one to one coaching as well as financial consultancy and training sessions. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com
Funding A business- how to get a ‘YES’
February 25, 2010
This is part one of my tips for funding a business successfully. Having worked for so many years with businesses and aspiring entrepreneurs seeking finance, it has come to my attention that there is one common problem that many find difficult to manage when faced with the subject of raising finance for business. Many are of the view that they should beg for the money when banks and investors are fully aware that their financial wealth is not dependent on the amount of cash hoarded in their bank account but rather the quality of investment they make with their money.
The bottom line is, investors and banks do not make money keeping it in their safe. They make money when it is invested in the right soil with high potential for growth in positive cash flow and profit. This means that banks and investors are perpetually seeking opportunities to invest in the form of business loans, equity or a blend of both. The question now is, what should an entrepreneur do to lay their hands on this cash?
The ability to influence and persuade lenders or investors to follow your vision calls for a respectable amount of insight and capacity to press the right emotional triggers during social intercourse with them, whether on a frequent basis or not. Wrong use of language or expressions can do a great deal of damage to a business trying to raise finance. It is therefore important to seek the help and support of experience and qualified advisors who frequently interact in the lingo of investors and the banks. To do otherwise will only expose you and your business to the risk of not securing the much needed finance for your business.
One of the biggest myths that I have come across many times, is the DIY mentality in the areas of writing a solid business plan for business start-up, improvement or expansion. Some entrepreneurs will say that they have read books and that qualifies them to right a solid plan. The first time reality hit them, is when they approached a potential investor or bank for finance, and then get quiz on their business plans, only to find that there are so many holes that have not been addressed. It is always a shame when this happens.
So here are some tips to help you raise finance for your business.
1. Be clear about the amount of finance you are looking for. There is nothing worst than being ambivalent about how much you need when faced with a potential investor or lender.
2. Be clear about what you want the money for. No wise investor or lender will hand over their cash when you are not sure what you want the money for. It is always advisable you have a clear breakdown of how you expect to use the money, with clear estimates of costs of resources you plan to purchase. It might be that your cost estimate may change with time, as inflation is outside the control of your business. Be ready to amend your estimates in your business plan if it changes before you meet with a potential investor.
Now watch out for part 2 where I will cover my remaining five top tips.
Sheila Elliott is a business start-up and development expert offering group and one to one coaching as well as financial consultancy and training sessions. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com and http://www.sheilaelliott.com
Funding A business- how to get a ‘YES’
Most businesses owners and aspiring entrepreneurs are to find out how they can fund their business but they have limited understanding of the psychological dimension of investors and the banks. Funding a business, traditionally have been led by accountants who in their roles will normally handle financial matters in business. As a result entrepreneurs who are not financially savvy will tend to rely on finance experts to handle matters relating to funding their business. This is not a bad thing but it is always wise to learn a bit about money matters because it is the life blood of a business. Get this wrong and you will be doomed. In this article I am going to share two top tips you need to know about funding your business. I am assuming you need third party funding which can take the form of grants, business loans or equity finance. To find out about the pros and cons of the different financing options, you simply need to download a free copy of my book where you will get as much information on this subject. For now, lets turn our attention to my tips.
Tip No 1. You need a business plan and you need one that is robust with financial forecasts included in the form of profit and loss, balance sheet and cashflow. Your financial forecast should have key financial indicators which accountants call ratio analysis. I have seen business plans that only consist of financial figures. This is not a business plan it is merely a financial plan. Do not make the same mistake. Your business plan must provide details about your business, your vision, mission and strategic objectives. It must also provide details about your target market, marketing and sales strategy. You want to ensure the plan is compelling and by compelling I mean really persuasive and influential. My company helps entrepreneurs put together compelling business plan.
Tip No 2 . You certainly want to be able to explain your business plan to potential lenders and investors confidently. If you can’t do this, you will rapidly lose their trust. Lenders and investors want to know you have a team of experts in the business, that will support the delivery of the plan (this does not mean they are your staff) but equally if you own the business, they expect that you should be able to explain you business plan to them with confidence. You may call upon the professional accountant as many do to explain the figures at formal meetings. However, as the owner of the business, if you can explain the figures, you will even grasp their attention very quickly. Presenting to investors and lenders is all about influencing other people to do what you want them to do. Don’t forget this salient point. Do all you can to influence lenders or investors to part with their money by taking the necessary steps to be well informed about every aspects of your business plan. Stay clear from cheap plans that will ultimately lack in quality and don’t achieve your goals. Whether you are in business or starting a business, there are some expenses you will have to incur and if you fail to do so, your business dies. Sorry I am being blatantly honest with you as I want you to succeed.
Sheila Elliott is a business start-up and development expert offering group and one to one coaching as well as financial consultancy and training sessions. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com and http://www.sheilaelliott.com
In this article, you are going to find three top tips on funding a business. You may have read my earlier articles and you will see that this is just a continuation of others.
Tip No 1
Make sure that you present yourself well, when you meet with investors and lenders. The way you dress and speak matters. Every step of the way you are being observed. Your presentation must be compelling. This is why we provide training seminars in financing your business to help you develop the right knowledge base so that you give yourself the added advantage when you are faced with potential investors and lenders.
Tip No 2
Think correctly and positively. Your mental life is one you have to take control over. One of the secret of success is the ability to take control of your mind and direct it to what you want to see happen in your life. If you want to raise finance, you can’t be talking about defeat and doubting your ability to do so successfully. I covered this aspect of “Mind Power” in my book “My Business Is My Business- Learn How to Earn a Fortune” and I have produced audio CDs on the subject of the power of the mind. Remember, you have something to offer the investor or lenders. Investors and lenders of money make their money through your ideas. They sell money for interest or dividend to those with great ideas that will generate profits. So the relationship is two ways. All you have to demonstrate is that your deal will help them realise their dreams. They have to see it clearly and so it is up to you to show them how it will work. Stay clear from fuzzy language and terminology that will only serve to distract from raising finance when faced with the opportunity to do so. Do not use jargons familiar in your industry but not outside your industry.
Tip No 3
Solicit the support of experts. You do not want to be “Jack of all trade and master of none”. Remember, the money you pay for expert services is not an expense; it is an investment in your business. Change your perception of money. This is one of the causes of success. Successful people always pay for good advice. The opposite is equally true for people who repeatedly fail in business and life generally.
Sheila Elliott is a business start-up and development expert offering group and one to one coaching as well as financial consultancy and training sessions. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com
Generating Business Ideas- Part 11
February 25, 2010
In this article, I am going to share with you steps for developing your business ideas into hot products and services that you can sell to your target market. This is a guide for those starting a business and for those aspiring to embark on business start-up. Just because you have ideas will not earn you financial success if it is not well developed and targeted to a specific market. In addition, your ideas must be developed to offer unique and useful benefits to your market.
In my book, My Business Is My Business- Learn How To Earn A Fortune, I have provided readers with the steps that are needed for starting a business from scratch. You can download a free copy of the book from www.businessservicessupport.com as well as many other ebooks and templates to assist you with starting a business. For now let me take you through a simple step to develop your business idea. This step works irrespective of what type of business you are starting. Don’t underestimate it just because it sounds simple.
The first thing you need to know is that the primary role of a business is to provide solutions to a problem faced by a target market. This implies the target market must have the desire to address the problem and your products and services must offer solutions to the market. With this simple information in mind, your role is to identify how your ideas can be developed to address a particular problem. Remember you can find techniques and tools for idea generation from our website.
Follow me in this journey. I want you to imagine what life was like when mums have to endure the problem of their babies having nappy rashes frequently. Endless crying due to sore bumps, sleepless night, prescription costs the list continues. This was a problem because the nappies did not always absorb the wetness and as a result caused all sort of problems. A typical entrepreneur who is problem solution focus did not join the bandwagon to complain but rather set his/her mind to work on the problem to come up with a solution. And true to the nature of our mind, an idea was birth which was called disposal nappies or pampers. Pampers kept babies bump’s dry even after doing their thing and mums were happy with that simple product but yet effective. Using this story line, any one can get their idea focus to resolve a particular problem and then develop a product for a target market.
You simply need to ask yourself these questions:
1. What is the problem I am trying to solve? You have to be specific and clear.
2. How can this problem be resolved
The second question must be asked in order for you to generate ideas that will provide the solution to the problem. Once you have generated the ideas using some of the tools shared in my book or earlier article, your next task is to develop the ideas to be more acceptable to your target market. To do this, you need to ask a third question.
3. Who will benefit from this solution- be specific?
4. What will be the benefits of this solution to my market
5. How would they want the product or services delivered to them – some research will be required here.
Getting an expert coach and mentor to take you through the process can be useful. Brain storming with others can also be useful and you can join our free forum and ask questions from others.
Sheila Elliott is a business start-up and development expert offering group and one to one coaching and training sessions. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com
Generating Business Ideas
February 25, 2010
My mentor, Mark Victor Hansen, who has made millions of dollars in the book writing business said this to his audiences to help them develop the right frame of mind for financial success
‘If you want to earn yourself financial fortune through your business, you need to remember this simple formula:
Real Wealth = Ideas + Energy.
In my book, My Business Is My Business- Learn How To Earn A Fortune, I have devoted an entire chapter on different techniques you can employ to develop your ability to generate new ideas and create new products. I am going to share some of these strategies in this article
First you need to know that creativity thrives in a relaxed and rule free environment. The quickest way to stifle creativity is to subject oneself in an environment rooted in fear, limiting beliefs, tension and rule bound. If you are to boost your creativity, open mindedness is critical. I am yet to meet people who are closed minded with fixed view or rule focus being creative. Most of the time, employees are working in environment that are rule bound and so stifle their creativity. Starting a business will require you to think and act differently. Being free spirited and opened to new knowledge and wisdom is the best recipe you can possess for ideas generation.
Here are some essential tools you can start off with:
1. Meditation- Clearing your mind from recurring cluttered thoughts is one of the best tools to start the process. The power to free ones mind from cluttered thoughts and open up to the higher energy of the universe brings with it lots of benefits including a boost to ones capacity to receive new ideas and intuitive guidance.
2. Relaxation- your body likes to relax and the calmer you are in the inside the more relax you is on the outside. So you may want to do more of the things that make you relax such as listening to soft music, get your self massage in a spa, read a pleasant book, listen to a teacher that inspires and calm you and so forth.
By simply using these tools, you will begin to experience magic and liberate yourself into the higher consciousness where you are more able to receive new ideas. Once you have received ideas, your role is to get it developed.
Other tools available for use to help you generate and developed business ideas can be found Chapter one of My Business Is My Business, which you can obtain from www.businessservicessupport.com for free.
Sheila Elliott is a business start-up and development expert offering group and one to one coaching and training sessions. She is the founder of Business Services Support Limited and the author of My Business Is My Business- Learn How To Earn A Fortune. For more information about are free articles visit, http://www.businessservicessupport.com
Sheila’s Newsletter For Small Businesses and Start-ups
October 2, 2009
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At BSS Management Consultancy, we value our customers and prospects and we would like to hear from you about our products and services. You can contact us by phone or by email during business hours. Our opening hours are: Monday – Friday – 9.00am – 5.00pm GMT & EST —————————————— Call Business Services Support Ltd. today on: +44 (0)845 226 4315 For further information contact us during the working hours (as above by phone) on: Our UK Office Contact Number Tel: 0845 226 4315 —————————————— Our USA Office Contact Number and Address World Trade Centre Tel: 1-302-724-4902 —————————————— Otherwise, send us an email: Enquiries @ BSS – Training Services |
Dear !fullname,
I am very pleased to announce the re-launch of my newsletter and I am confident this newsletter will go a long way into supporting your business (or aspirations to start your own business).
In this e-newsletter you will immediately access powerful marketing tools and tips to develop your confidence to sell more of your services and products, as well as maximize the potential of your staff.
The topics covered are wide ranging incorporating business skills and personal development. The aim is to ensure that you fully grasp that their is a direct correlation between business success and personal development/business skills.
It is always an oversight when entrepreneurs downplay the impact of their own personal development and dare I say their staff, on their overall business performance. The two are intricately intertwine and any shortcomings in one will dampen the temperature on the other. Enjoy your reading and let me have your comments.
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Marketing Tips –
Boost the
bottom line of your business
As a consultant/coach, and approved by many of the business support agencies across the UK, I am privileged to work with many businesses as well as learn new systems and tools that improve the top and bottom line of real businesses.
Many of the tips I share in this newsletter can easily be adapted to fit your own business regardless of your industry. I am sure by now you would know that marketing and sales are the lifeblood of a business. But ultimately sales without profits and hard cash in the bank account will send your business to the gutters.
It is true that without any cash a business will not survive, hence the famous adage ‘Profit is fantasy, cash is king.’ With this in mind, lets us look at some of the basic things you can do in this economy to jump start your marketing and sales effort.
Next issue I will cover tips on improving your cash flow.
1. Ensure the products you are selling is in demand and that you are clearly focusing your client’s attention towards the benefits your products offer as opposed to the features of your products. Remember, when you buy a drill from a merchant what you really want is a hole not the drill. The drill is just a means to an end. So check how you are selling your products. Are you selling benefits or are you selling features? Benefits focus on the customers where as features bring the focus of attention on you. Remember, the customer does not care about you, they care about their needs being met.
2. Align your business with the needs of the market. Sell what the market is willing to pay for not what you think the market should pay for. Just because your business has been selling to one particular market in the past twenty years does not mean it should continue to do so in the future when the market has clearly changed. Marks and Spencer learned this lesson the hard way. I met a business recently who after being in business selling successfully to the private sector has to rethink their strategies when the private sector stamp down on their spending. Guess what? Suddenly the public sector market becomes attractive. Be flexible and make adjustments.
3. Develop a database of prospects and customers and stay in touch with them. There is a lot of CRM systems in the market. You are spoiled for choice. Remember, the money is in the database list and the more you interact with your list the more they are likely to remember you and your service.
4. Sell more products to your existing customers and new one by adding to your menu on offer. Your backend product lines should be developed so that you increase the spend per customer and grow your business geometrically. This is how Jay Abraham puts it in his Extraordinary Marketing System; move away from linear marketing into the world of geometric marketing.
5. Offer loyalty discounts or coupons to stimulate purchase and do so consciously and with care. You want to ensure that your discount program will not jeopardize the financial viability of your business as some businesses have sent themselves down the drain offering discounts at the expense of viability. Remember, sales revenue and profitability are not the same thing. Check my book on this topic and learn more.
6. Invest in training your staff so that they will improve productivity and customer satisfaction/ retention. This is not a time to cut back, this is the time to think and act creatively.
7. Inspire prospects and customers to buy from you through gathering and publishing testimonials from past and existing clients. Be sure to ask satisfied customers to offer you testimonials and to do so honestly. To boost credibility, make sure you add the name of the person, their email address and/ or business name next to the testimonial- Put these simple tips in place today and I guarantee your business will start generating more sales and profit.
Tips From Three Millionaires on How to Build a Successful Business
Grow Your Business- Marci Shimoff, Kristin and David Morelli reveal their secrets.
These three powerful individuals all came from humble beginings and build their business into a multimillion empire. All three are now working together and are revealing their secrets to entrepreneurs who aspire to learn proven strategies for business success.
You will be amazed what you will learn. It is not very often that you get this type of opportunity to link up with successful individuals with authenticity and credibility like Marci Shimoff, Kristen and David Morreli.
Listen to what Marci said in the video which you can access through the link below. Did you know that happy people earn one million dollars more than saddos over their lifetime? Click the link below now and find out more.
Watch Video Now »
Feng Shui- Does it Work
You may have heard about feng shui and you may be wondering what it is. Well, recently, I met with Diamond Feng Shui Marie Diamond, while she was in the UK. Marie by the way is one of the stars in the film ‘The Secret.’
My meeting with her lasted for one hour and I have to say she blew my mind and took me to a new dimension. I had no idea that our success is a function of our heavenly luck (33%), earthly luck (33%) and environmental luck (33%) until I met with her. Marie says, "if you can manage to score 20% at each level, you are on your way to success."
Many people are stuck because they do not fully comprehend these different dimensions of the human race and I shall be bringing more information and tips about Feng Shui in my future newsletter. Did you know that your physical environment can impact the level of your productivity?
The more clutter your environment, the more stuck and unclear you are about your life. If you are experiencing stuck in your life, you may want to quickly check if you have clutter in your house or office space. The immediate action you can take is physical space clearing.
Clear all the clutter from your house and I mean all the clutter, then observe your feeling in the environment; you will begin to experience a shift in your energy space and a sense of clarity and strengths.
Until the next issue, stay tight for more Feng Shui tips. Do you want a better relationship, money and health? Check out this column in November.
The Secret to Attracting
Money By Joe Vitale
Shhh! Here’s the REAL Secret to Attracting Money!
Joe Vitale released his third Nightingale-Conant audio program early this year, called ‘The Secret to Attracting Money.’ Of course, you already know that like Marci Shimoff, Joe was one of the teachers in the movie the Secret. There is no question that there are some financial issues needing to be resolved, and they will be.
But, this is nothing new. We’ve survived the Great Depression (when times were far worse) and twelve recessions. We can handle this one, too.
The truth of the matter (that the media never tells you) is that there are money making opportunities in every challenge. Even today’s recession.
For instance, someone right now is becoming wealthy by seeing a problem as a product. Did you know many people are buying stocks at unheard of prices and selling them for huge profits right now and every other day?
Did you know people are buying up real estate at ridiculously low prices and holding it for the next boom?
Many people are taking advantage of their recent job loss and starting new businesses at a record pace – finally doing what they love.
In fact…if you are feeling like a victim of today’s recession or the negative media – let’s turn that around right now.
Here’s what I want you to do…
1. Choose one of the fear-based messages currently being relayed in the media. (Just turn on the news and you’ll find one instantly).
2. Then write down some creative ideas that might be money making responses to the “apparent” challenge.
It may take some time – but you can do it. In fact, in Joe’s new Secret to Attracting Money program he has cleverly and carefully addressed this issue under the section, "How to Make Money In Any Economic Climate."
When you listen to this one section alone you’ll see for yourself how easily you can make money starting right now, wherever you live.
Win up to $150
Suits and Fragrances
Participate in our Monthly Competition and win up to $150 suits and fragrance.
I am sure you would like to know how you can enter this competition. It is simple. You simply have to invite up a minimum of 10 people to sign up on our Reward Program, that’s all it is. The winner is the person with the highest number of referees.
All you need to do is spread the word about our products in BSSRetail.Net » and CheapWholeSaleShop.Com » Ask them to sign up on either mailing list and mention your name when they do so. At the end of the month, the winner will be announced.
Popular Fragrances
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About Sheila Elliott
Sheila is the founder of BSS Management Consultancy and BSS USA Inc. She is also the author of My Business Is My Business-Learn How to earn a fortune, endorsed by Mark Victor Hansen, International New York Best selling Author and co author of the Chicken Soup Empire.
To have a sneak preview of this book, visit…
http://www.businesservicessupport.com
/business_startup.php
Sheila trains, coach and consult small business owners and aspiring entrepreneurs in business management and personal development skills. For specialist advice in home business opportunity, business start-up and growth, contact Sheila by email http://www.businesservicessupport.com
/business_startup.php
Sheila trains, coach and consult small business owners and aspiring entrepreneurs in business management and personal development skills. For specialist advice in home business opportunity, business start-up and growth, contact Sheila by email





























