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Sunday, 27 January 2008 |
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By Scott Johns
 Freedom from dominating bosses and the likeliness to make one's own resolutions is one of the lures to jumpstart a business. As fascinating as it appears, yet very few achieve success in commercial management.
Prior to marching with any business plan, it is vital for all the budding entrepreneurs to gaze closely and ask themselves certain crucial business related concerns.
Start-up capital and back-up funds:
Money makes money, even if it is only a home business. Ensure adequate finances to outfit manually and start promoting prior to taking the plunge. Do not anticipate making huge money in the primary stages of any commerce.
It is better to set aside adequate funds to gratify certain personal and family chores during the preliminary start-up tenure of any business. Discuss with other analogous tradespersons and explore how long it took them to become a workable businessperson.
Self-moving is the key factor that distinguishes an employee from an entrepreneur. A person lacking self-moving factor may find it difficult to launch any commerce. |
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Last Updated ( Sunday, 27 January 2008 )
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Friday, 25 January 2008 |
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By Ranju Kumar
 Are you reluctant to spend money? You might be making a costly mistake if you are not basing your decision on the right factors.
I'm sometimes surprised when people talk about the cost of something without any reference point. For example, when they hear that advertising on Google might cost them $10 a day, they will say, "It's too expensive".
My response: Compared to what?
Sure, $10 a day is expensive if it ends up getting you $5 in return. But if it makes you $11 a day, it's worth it, isn't it?
Charles Dickens put it like this (in a slightly different context):
"Annual income twenty pounds, annual expenditure nineteen pounds nineteen shillings and six pence. Result: Happiness.
Annual income twenty pounds, annual expenditure twenty pounds and six pence. Result: Misery."
I was talking to an Internet guru recently.
I was talking about this to my friend and colleague Ed Keay-Smith, who is Australia's #1 expert - and one of the world's leading experts - on getting more traffic from Google.
Recently, he's |
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Last Updated ( Friday, 25 January 2008 )
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