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Can I Really Make Money At Home Filling In Online Surveys?
It’s true, this is a very viable approach to many stay at home moms, and dads, college students, retirees, and you name it. No one really believed you could actually earn a monthly income just from getting involved with survey companies and...
Choosing a Good Book
With 100s and thousands of books available on business topic, how do you choose a good book that you want to purchase or read? If you narrow down your choice to a particular book you will still need to decide if it is worth, - spending the money to...
Integrity is the Best Tool to Get What You Want
As a child, you probably heard, "to thine own self be true." But what does that really mean? When the newspapers are full of cheating and lying business owners, politicians, and academics, does it really make sense to maintain your integrity?
To...
Interview with EXPERTS - PART 1
Interview with EXPERTS - PART 1 by Gary Durkin (c) 2004 - All Rights Reserved Worldwide. As you will know, one key method of producing information products is to create an eBook / Report with articles or interviews from Top industry experts. ...
Why Can't You be More Like Me?
Here is a non-scientific, but fun way to see which style you may be. Read the poem below and then identify which one of the styles is most like you. You will also start to see and understand the behavioral style of other people around you just...
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A Simple Business Test
I'm often asked to review people's ideas. Sometimes they want financial support, sometimes they just want confirmation that the idea they have is worthwhile. When you approach a bank about your pet project they'll ask for a business plan, as well they should. By the time you reach your local lending officer they expect you've done your homework and are not just "vetting" your idea. Business plans are long, involved and necessary when you need financing.
When people ask me for specific financial support for their idea, I usually ask for a business plan. No plan, no cash. But writing an entire business plan for every single business concept is time consuming and counterproductive. For those just looking for advice I like to ask for a very simple review. Usually I know the answer (or close enough) before I ask. What is important is that you learn the answer. The review looks like this. Imagine that your idea is well funded, marketed and accepted. That your "best case" scenario comes true. Look at your numbers. Would you want to give up your day job, risk your home, savings and sanity for the amount of money your best
case scenario brings in? Being in business is far more complicated than just this test. But you can decide whether the risk has any potential for success using this simple exercise. If the best case scenario doesn't provide enough cash for you to live on the idea either needs to be scrapped or wrapped in with other ideas for a more complete business. You can practice this by analyzing businesses that you patronize. What's the overhead? Employees, leases, rents, cost of goods sold, debt service, etc. What's the likely income per day? Week? Month? Is what appears to be left over worth it? Learn to analyze on a "best case" scenario and you'll find many business ideas are indentured servitude in disguise. As long as you're going to be a wage slave, you might as well let someone else take the risks!
About the Author
Bruce McCurtain has owned, operated or partnered in ski areas, marinas, campgrounds, title insurance, hotels, land development, restaurants, and many other businesses. He spends most of his time working on the new frontiers, whether that is in business development or reorganization of existing operations
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