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7 Reasons Starting Your Own Business in an Economic Downturn is a Grand Idea (business coaching training)

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By Nickolove Lovemore

 Starting your own business in an economic downturn is a plucky rather than reckless thing to do. It’s certainly not for the faint-hearted.

With the economy in a downturn there is a great deal of uncertainty in the air. Some folks are clinging desperately to their jobs, afraid to seek other opportunities despite the fact that they are unhappy in their current position. Thousands are reeling from being abruptly dismissed from a job that was bringing in a sizeable income and thousands more can expect to face axe over the coming months.

Yet, these are precisely the reasons why you should be considering starting your own business or looking at ways in which you can boost an existing business.

So here are 7 reasons why starting your own business in a downwardly spiralling economy is a grand idea:

1. Control your destiny

Do you want your future in someone else’s hands or yours? If you run your own business you are responsible for its success. Yes, it’s a big responsibility but you can succeed in business even during a recession. Instead of living in fear live in anticipation of the new opportunities that each day will bring.

2. Write your own pay cheque

If you are working for someone else, unless you are a commissioned salesperson, then your pay cheque is fixed. As a business owner you can decide your level of pay. Okay, you might not immediately achieve your desired income but once you do, you can simply work on improving your business skills and expanding your business so that you continually increase your level of income.

3. End the daily rush-hour commute

Commuting to and from work can be a very stressful experience. Did you know that 9am on Monday mornings is the time when most heart attacks occur? If you have a job you generally have to travel at peak times when the roads and the public transportation systems are crowded and congested. It’s not the best way to start and or end your working day. Instead, how about a 60s commute to your home office? Think about the time you’ll save and what you can accomplish in that time.

4. Set your own working hours

When you work for someone else they generally decide your working hours and even the times at which you can take breaks. Work for yourself and you can choose your working hours. You can take time off to spend with your children or to take care of an elderly or convalescing relative.

5. Decide where you want to work

Naturally, this will depend upon the type of work that you do but many occupations allow for great flexibility regarding you choose to work. In many cases, individuals decide to relocate and work in a different country or even travel and work so that they can experience life in several countries. Individuals with an Internet-based business may simply want to take advantage of a beautiful day and work outdoors. It certainly beats being stuck in a cubicle.

6. Choose your team

At work you generally do not get to choose who you work with and some members of your team can be a living nightmare to work with. If you have you own business you can choose your team. Hiring the right individuals for a particular role is a highly skilled task but there’s great expert advice available such as from Brad Smart of TopGrading. And here’s another thing, a down economy is a great time to scout for top talent.

7. Follow your passion

The majority of people dissatisfied with their current jobs but they stick it out because they have bills to pay. This is the worst reason to be in a job when you can do something you enjoy and are passionate about and get paid. You don’t have to jump ship and go full-time into starting your own business. You can start on a part-time basis and when you’re earning enough to take care of your monthly bills and have money set aside for at least six months living expenses you can abandon your J.O.B. and start living your dream.

For all the ins and outs of starting and or running your own business who better to mentor you than someone who’s not only been bankrupt but also a billionaire? Check out the Billionaire Business School for full details of this comprehensive, step-by-step, customisable business training at an incredibly affordable price.

5 Essential Tools For The Aspiring Network Marketer
By Ben Needles

 Whether youre a serious contender in network marketing or just testing the waters, its important that you use all the resources at your disposal to make sure your experience in this industry is maximized. Knowing what these resources are and how to use them will also help you increase your chances of succeeding in this business. Here are some of the most essential tools every network marketer should have.

A Website

These days, the faster you can distribute information, the more competitive you become. Many network marketing companies offer free websites or web pages for their members. These often contain the necessary features that can be used to promote the company brand, accept orders from and even interact with customers.

From the website, the network marketer can build his business and be introduced into the industry. Its like a badge or identification that lets people know that the marketer is part of a reputable company and is authorized to do business.

A Blog

Apart from the website, another essential tool for network marketers is the blog. The blog can function as the network marketers personal page where he can write about his experiences with the network marketing company, launch promotions and answer issues and inquiries from customers and prospective recruits.

A blog can be a relatively intimate tool, allowing the network marketer to communicate on a more personal level. It will help put a face on the brand and the business. It also helps him become recognized in network marketing circles.

Online Resources

E-mails, chats, discussion forums, articles, links, auto-responders….these tools are all essential for network marketers. They are all designed to make communicating with customers and recruits easier and faster.

Every network marketer should learn how to use these tools in their network marketing business. If they are utilized well, they can be very effective in helping sell a product, recruit new members and build new business relationships.

The Calling Card

True, majority of the promotions and recruitment activities for network marketing businesses are done online but there will always be situations and events that will require personal contact.

Consider conventions, meetings, trade fairs and other promotional activities, for example. Experienced network marketers take advantage of these events to meet their peers and exchange information and industry news. However, these events also serve as recruiting pools and opportunities for creating new businesses.

An essential tool that will serve an excellent purpose for network marketers for situations such as these is the calling card. Its an old staple of traditional business but it works very well with network marketing.

Every time a network marketer meets someone who could be a potential customer, recruit, mentor or business partner, the calling card should be presented. It then becomes a highly indispensable tool. It serves to introduce and connect the giver to the recipient.

Product Samples

Another essential tool that every network marketer should have is the product sample. Although there are people who can easily appreciate the benefits of a product based on brochures and pamphlets, the majority of potential customers will often require more proof.

Some network marketing companies often provide their members samples of their products in small trial sizes. These small sachets, bottles and tubes can serve as an excellent marketing tool, particularly because prospective customers can take them home and try them for free.

Since customers can evaluate the quality and value of the products, they are much more likely to buy. The fact that customers can use and trust a brand through product samples makes them essential tools for network marketers.

To learn cutting-edge ways to use these 5 essential tools to grow your network marketing business beyond your wildest dreams, follow the link in my resource box now.

About the Author (text)

Kevin Tyler Smith is an expert Internet network marketer. best ghost video

How to Make Money Fast Online
By Keith Baxter

 Ever been in a very tight corner and needed to raise some quick cash to pay off all those bills? Ever wished you had that quick cash to solve quite few small problems? Well, while there are ways you can do this offline, such as window washing for $15-20 bucks, there are ways this can be done online without ever waiting for someone to pay you at the end of the month. I have heard many people offer suggestions on how to make money fast online and while a few have been golden nuggets, the rest take a long time before you can see any results. In this article I’ll be showing you just a few means with which you can make money fast online.

1. Write Articles. This often gets a lot of groans from people whenever I suggest it. But honestly, it is one of the fastest ways you can make money fast online. I call it the emergency income generator. Writing has become increasingly important on the internet. Many website owners are building their websites on a daily basis and often need high quality, unique content that will ensure that they get great link love and thus, increased search engine rankings.

If you have been alive for any length of time, you will probably have some experience in certain things. It could be computer gaming, the intricacies of decorating, the difficulties and successes of parenting, ice skating, sports, music, scuba diving, gardening, ice fishing, you name it. There is something that you are very knowledgeable about. Turn this into a fast income earner. Write 10-20 500 word articles on any of these topics and put them up for sale on ebay, classified sites, forums, article brokerage sites for just $30-$50. With just these I am betting that you could bring in about $300 a week.

2. Website Flipping. The concept behind this is really simple: Build websites and sell them for a profit. This is extremely profitable for those who know how to do it. If you can put up websites, then I am sure that you can find a market in which you can sell this. However, as simple as this sounds, there is a trick to it. To do this profitably, you need to know what people are currently looking for and what topics are common. Recently, I was just about to check my emails when I saw this new Star Wars banner ad. Unfortunately, I can’t remember the movie title anymore. Anyways, it occurred to me that anyone smart enough and with the prerequisite website building skills can piggy back on that and build about 5 websites which he can then sell for nothing less than $500. The total cost for putting up the website(s) would just be the domain and the hosting fee. This is a cool fast cash generator every time. The key to it is to ensure that there is a demand for it and you can hit a home run.

For more information about making money online check us out at, http://www.BetterLifeWithChia.com.

Business Coaching Information From A Professional Source

coaching in business

Thursday, October 30th, 2008 at 3:30 am and is filed under business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.