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Want to Start Your Own Business? Don’t Let Money Stop You!

Look, you want to start a business to make more money. You probably would rather be your own boss, as well.

Many people never find the nerve to get started because they fear they do not have enough money to start a business. Well, I just don’t agree.

While it is true that many businesses may require a large capital investment for equipment, vehicles, or real estate … many do not!

Give me a computer, a phone, and a few hundred dollars – and I’ll build a profitable business making over $100,000.00 a year in just a few months. It’s easy to do. I’ve done it time and time again. Some people may call me a business guru. But I say all it takes is drive and a desire to succeed. You can do it, too.

You can start a small business and run it in your spare time. Or you can decide to jump in full-steam. Either way, all you need is a solid plan and the will to achieve success.

You are reading this online, so I already know you have access to a computer. And I’m guessing you have a phone. Guess what? You have all the tools you need to start your new business! Depending on the business you start, you may need some business cards as well. (Maybe even some fliers.)

Let’s say you want to open a restaurant or buy some real estate. The bottom line is you need cash. Most babies must crawl before they walk. All you need to do is take the same approach in starting your business venture. Perhaps you cannot immediately start the exact business you want to until you build up the cash you need to invest in that business. No problem!

You simply must be willing to go down a rung on the ladder and start a smaller business that requires less capital to get started. Start the smaller business and work it hard for six months or a year. You’ll soon find you have the money you need to invest in the larger business you originally wanted to start. But more importantly, you’ll also gain invaluable experience working your smaller business.

I don’t care what you do. Just get started doing something. I personally know people making huge incomes doing the following things, all of which required almost no money to get started:

Selling items on Ebay. You can buy items locally from the classifieds of your local paper, yard sales, or even find lower priced items on Ebay. Most communities also have niche businesses selling unique products that you could resell on the Internet. Buy your items carefully at a reasonable price – and sell them for slightly more! I’ve done this. You can, too.

Mowing grass. I know this sound “blue collar,” but all you need to start is a lawnmower and a trimmer! As you gain clients, you’ll buy more equipment and hire employees with your profits. I could personally build a six figure business in any city mowing grass in just one season. You can, too. In fact, you won’t ever have to mow a single lawn yourself if you don’t want to. Just hire some local cheap labor to do your work for you. That way, you can focus on being the marketing executive of your new lawn care firm.

Powerwash decks and driveways. All you need is a powerwasher that costs a few hundred dollars. Don’t have a few hundred to buy one? Go door to door and get your first few customers scheduled, with 50% advance deposits. Then rent a machine with those deposits until you earn enough to buy one! This is another business I could easily build into a six figure income. You can, too!

Become an affiliate marketer on the Internet. This is where you promote somebody else’s products or services. When people buy those products and services, you’ll earn a commission on every sale. This is a terrific business you can run from home in your spare time with just a computer. I’ve done this and made boatloads of money. (I’m talking millions!) You can, too!

Put together a coupon book. Go around to local merchants and sell them space in your new coupon book. Charge them enough to pay for printing the books. Get enough merchants to make a nice thick coupon book that includes potential savings of hundreds (or thousands) of dollars. Once you have printed the coupon books, you can sell them for even more profits! Who wouldn’t pay you $20 for a book of coupons that will save them hundreds or thousands? I’ve personally done this. You can, too!

Wash and detail cars. Lots of us pay a local neighborhood guy to wash our cars and wax them once in a while. He barely charges more than if we drove to the carwash. And he does a better job. When I do the math on how many cars he is detailing, he is making hundreds of dollars a day!

Walk dogs for your neighbors. This sounds crazy, but I own one of the largest dog walking companies on the country. This business works! My business started with just one person walking dogs for people who could not come home in the middle of the day or who went on vacation. Now, I employ over 100 pet sitters and generate millions of dollars per year — all by walking lots of dogs every day at an average price of under $20 per walk. You could start a dog walking service, too!

I could go on and on with hundreds more ideas. But you get the picture. Even if the first business you must start is not your “dream business,” do it anyway! Use your first business as a stepping-stone to build the financial reserves you need so you can “trade up” to a larger business as you build upon your initial success. Started with

Whatever you do – do something! You’ll never succeed if you never get started!

Implementing Change Management in Your Business

Assessing the Need for Change

While “change management” is a popular concept and the term is thrown around a lot now days, you first need to assess whether or not a change is needed in your business. Usually we assess our business when it is in a slump, trying to figure out how to enhance or grow our customer base, or making significant changes to how we do business.

Assess your business need for change when things are going well. Look at the best practices of your competitors and compare their results with yours. Adjusting your strategy to enhance your growth or customer base is not change management.

What is Change Management

Many people think change management means one thing. They mistakenly lump the three distinct parts of change management together and then wonder why it is so hard to implement. When implementing change management, it is important that we keep each area compartmentalized to avoid unnecessary stress and aggravation for ourselves and those we are working with.

Change Management – People

This area deals with the people in our organization. How we relate to each other in our work environment and what changes we can implement to make our organization function more effectively. If you are focusing on people in your change management plan, this is not where you change processes. The changes you make, whether in reorganizing your business or department or creating more productive teams lie within the “people” portion of change management.

When implementing a change management plan it is important that all of your staff understand why the change is needed. The explanation must be detailed enough to encourage a personal investment on the part of your staff for the success of the change. If staff do not feel a real need for change, or have not made a commitment to it’s implementation it will not only take longer to make the change, but also the change will not be long term and sustainable.

One of the mistakes that we, as leaders make, is to assume that because we can see the picture clearly, everyone else can too. It is important to take a step back and think about the “pieces” of the picture that our staff are seeing and what they are not seeing. In order to implement change, everyone must see and understand the same picture and have the same understanding of how it will benefit them.

People will respond with enthusiasm if they see a benefit to themselves or their work environment, if they understand the need for a change and if they are included in the change process. Too often decisions to implement change are made without the involvement of the staff who will be most affected. This is the primary reason that those efforts fail. There must be buy-in from a majority of the staff to effectively implement change. Especially change that is going to involve people and how they interact and communicate with each other.

Change Management – Processes

This area deals with the way things are done in our organization. How we process the paper, and what we do with it. This is where forms and processes are analyzed and changes are made to meet the needs of our growing business.

Not everyone in our business deals with the same processes. As much as we would like uniformity, what makes our business unique is the way that our staff interacts with customers or meets other needs with quality and precision. If we are going to assess and change processes, it is important that the process needs changing. Sometimes it is not the process but the people who need to change, but because we have lumped change management into one big ball we wind up trying to make changes to perfectly acceptable processes or change people when the process needs to be changed. No one knows better about the need to change a process than the people who are actually using them day-to-day. It is important that we discuss with our staff the possibility of changing a process and involve them in the implementation of the change. Changing a process, like changing people, requires commitment and buy-in on the part of those who will be required to use the changed process on a daily basis.

As it’s name implies, this area deals with our equipment and software. Changing or adapting to meet our needs, getting rid of the old stuff and figuring our what we need to add to our arsenal of tools. It is important to note that this aspect of change management does not involve changing “people” rather, it is changing tools. It is our nature to use equipment until it wears out. This can be very costly to our business and also can cause a lot of problems when we do finally make a change.

Change Management – Equipment

One of my associates has owned their business for over 20 years, when they began the business, they had a program created in a state-of-the-art program and hired an individual to work on this program. I might add that it is a major piece of what makes this business profitable. Now, twenty years later, there is one person in the company who knows how to use this software. It is so outdated that it cannot be upgraded, but must be completely re-input to a different software program which will involve several weeks. Even if he wanted to implement change, he is unable to do so because he is stuck in the software and the one person who knows how to use it. It is very costly if you do not keep up with the changing market of available equipment. In the end, this is going to be extremely costly to the business and will result in their having to shut their doors for several weeks to get the information transferred to an updated program.

Equipment is one portion of change management that should be addressed continuously. It is the most critical piece of your business and will cost an incredible amount of money if not tended to regularly.

Implementing Change Management

When you decide to implement change, be sure to categorize the changes you want to make first. Once you have a visual of where the changes need to take place, it will be much easier to research and discuss the changes with the stakeholders who will be most affected by the changes.

If you are going to change people, remember that anyone affected by the change is a stakeholder. Don’t wait to tell the staff about a change after the decision has been made that will affect them in an adverse way. Get buy-in and personal investment from all staff by first sharing the benefits of the change and gathering data to support the change. You win in two ways by doing this. The people who do not feel they can commit to the change will leave and thus will not sabotage the change before it can get off the ground. And the people who do make a personal investment will be excited about the change and drive it with the enthusiasm needed to make the change successful and sustainable.

If you are going to change processes, remember to include all stakeholders. In other words, include everyone who will be involved in making the new or changed process work. Whether you have to have representatives from groups or your business size is such that you can discuss the changes with each individual, be sure that you do discuss the change and get a verbal commitment from each person to help in driving the process change. This will save you a lot of time on the backend and will instill the kind of loyalty that you need from a high quality staff.

You staff will always appreciate updated equipment and software that will make their lives easier. The only caveat is that you will need to include in your software or equipment purchase, training for those staff who will be using the software. Don’t get the equipment or software and assume that the staff will know how to use it. If someone on your staff does, great, you won’t have to pay an outside person to train everyone else. But you need to be prepared to make the investment for training of your staff on the new equipment. This cost should be included in your yearly budget. It is not a one-time cost and definitely does not end. So you must be prepared and be vigilant of the changes in the industry related to your business and processes.

As long as you do not lump all three of these pieces of change management together, you will find that you can effectively implement change in all three areas with minimal disruption. It is important also that you think about the big picture your staff see as opposed to your own big picture vision. If these big pictures do not match, the key to successful implementation of change management is to create a big picture that both you and your staff share.

Short Term Business Loans – Help You Sustain Right Inflow Of Funds

Businesses are run through a consistent investment of money. Often it may require short term financial help to meet certain target. Generally such needs are arisen with the blocking of business receivables or to meet certain demand target in the absence of appropriate funds with it. In such cases your business may find a right help with short term business loans that are devised mainly to tackle such problems.

Short term business loans are generally provided for a period of 3 to 12 months to solve the short term financial problems of your business. If helps you in time when your business requires urgent financial back up to short term target. These loans are taken intending to repay it once you get back the return from your business.

These loans are applicable in both the condition i.e. you are either starting a new business or running the existing one. You can easily find these helps with a convincing business plan that should show the potentiality of your business prospect. These loans are generally provided in unsecured form that do not requires any collateral.

You can find appropriate sum for your requirement here that totally depends upon your business plan. You have to mention each and every heads of expenses and its feasibility of requirements with a good financial forecast to anticipate the amount you need here.

The rate of interest with such loans is usually higher. However, it can also depend upon your personal profile that includes your credit status, borrowed amount, repayment term etc. further, you may also find lenders with differed rate for their different policies, so you should always take a judicious decision while apply for such loan. These lenders are available also online that can be easily accessed and compared too to get the best deal with your current profile.

Short term business loans help you find sustain a good inflow of funds in your business. It helps achieve seasonal targets of our business and exploit several opportunities even when you lack on the required fund at that moment. Here, you have no more worry to put any kind of collateral that do no let you worry for taking undue hassle collateral.