At the core of any successful business venture is a solid business plan. And a joint venture is no exception. Even though a full business plan may not be necessary for a JV, it is still important to prepare a blueprint that outlines the goals and strategies on how your JV will succeed. What are 5 essential inclusions in a JV business plan?1. Identify Your Product and MarketWhat exactly is your JV product or service going to be? Will customers buy...more
Regardless of whether your business is based in a bricks and mortar store front, a home service or on the internet only, your business relies on traffic to sell your product, and that requires advertising. Here are five advertising strategies, either free or nominal cost, that apply to any business.Write a short article about you and your business, and submit it to both paper and online newspapers or newsletters catering to the area...more
Entrepreneurs have been around for as long as profitable ideas, but Rome wasn't built in a day, nor did the CEO of a company start working out of a top floor, corner office. You might be wondering then how anyone can grow a business from a basement and what solutions they found to get around the drawbacks of starting a small business.Drawback 1: New businesses need capitalThe rule of thumb is that the entrepreneur should have access to a sum of money at least equal to the projected revenue of their first year plus anticipated expenses. Without this sum, a new business runs a high risk of failure.Drawback 2: Marketing a new business costs moneyIt's no secret that traditional forms of marketing can be quite expensive. However, with the evolution of social media marketing, getting publicity is easier and more effective thanks to the wide and integrated audience at one's disposal. A company website has the great value that the business owner working out of a bedroom can look like General Motors!Drawback 3: The head chef also washes dishesThings go wrong and multiple small tasks need to be completed. Whatever the business, the phone needs answering, the printer needs mending, the post...more
Myth: Scholarships are only available to high achieversTruth: A lot of students are discouraged because they do not have a 4.0 GPA. Many people believe that you must receive all As in order to be considered for a scholarship. Though one of the most popular scholarships is an academic achievement scholarship, there are other factors that are...more
A well designed business letterhead will say a good deal about your company. If you are not artistically minded designing your own letterhead could prove to be too much of a challenge and you may want to think about approaching a graphic designer instead. The actual letterhead printing is best left to the experts as the printers use a high quality...more
Most businesses start out as a simple "a-ha" moment, an idea. They begin to grow, become alive and begin to create an identity. As each of these businesses develops they will experience common problems and as they pass through the five stages of business growth.Stage 1: The Creativity StageThis is the birth stage of the venture and where the idea for the business was conceived. The business owner is full of optimism and energy is traditionally high. The owners or the founders are usually technically or entrepreneurial oriented and very involved in the operations of the business and activities are strained by limited resources. The main focus is obtaining customers.Stage 2: The Survival StageTypically after twelve to eighteen months in the creativity stage, a business will move to the next stage of business growth - The Survival Stage. At this stage the business is driven around the sales effort since with no sales, there is no survival. The business will begin to look for any sale possible no matter how big or how small just to make an impact on revenue. During this stage a business usually finds a lucrative niche and a pattern for success and repeat business.Stage 3: ...more
The internet has evolved into an effective mega-community rich in virtual resources for anyone to use for his or her own profit and benefit. As a single entity making a mark in this virtual arena, it would seem that the overwhelming resources as...more
Social media is a place where people make their profile, have a tte--tte about their palates and predilections for different products (Facebook communities), they outburst, they endorse themselves (LinkedIn), they upload videos (YouTube), they speak...more
The most flourishing people in MLM network venture and the leading money makers are the most influential people. You have to be influential first. Then people will do whatever it takes to get in a business venture with you. It doesn't matter what...more
www.rxforwealth.com www.blog.rxforwealth.com5 Critical Steps Needed To Evaluate A Business Opportunity By: Scott Brown About the Author Internet Marketer / Success Coach / Entrepreneur / CEO at Rx For Wealth (ArticlesBase SC...more
Know thyself and act accordingly - you're a better judge of what needs to get down and how to do it with passion and purpose than any time management book, course or guru. Pay attention to your gut (as soon as it calms down) - it'll give you a better...more
No doubt you're reading this article because you think it's time to take action towards getting your first manager, team leader or supervisor promotion. You may have even tried becoming a manager by applying for promotions and have yet to succeed.For...more