Online Network Marketing – Home Business For Baby Boomers

The time is right for baby boomers to embrace their new home business. The baby boomers have been a major force to be reckoned with ever since the first one was born in 1946 and until the last one came along in 1964. If you were born during this time period, then you are a baby boomer. There are about 80 million of us and we represent about one third of the U.S. population. It’s estimated that we control 65% of the money.

If you were in the right industry (or picked the right stock) as the wave of boomers grew, then you could have enjoyed a ripe harvest. While the first wave may be retiring, the rest of us need to make sure that we are positioned correctly to enjoy our turn when the time comes.

Year of the Entrepreneur

Entrepreneur magazine says that 2010 is the year of the entrepreneur. And I want to challenge you to claim your spot as a new home business owner. Are you ready to stretch and grow into a business model that’s a perfect fit? We have tons of experience and a lot to offer. Have you ever thought about starting your own business? If you genuinely want to help people, a home based business works well because you can start it part-time with less than $1,000.

What would it be like being the boss? Would you work harder for yourself than you have for your employer? Are you ready to start building the life you see when you close your eyes and dream? We were taught to go to school, get a good job, work hard, and then retire to do the things we always wanted to do. How is that working out for you? The old way is broken and doesn’t work anymore. Putting your future in your boss’ hands just doesn’t make sense – emotionally or financially.

Four Keys to the Right Business

But how do you decide to start a business? What should you consider before you begin your new enterprise? Let me give you four essential keys to help put the odds in your favor. There’s nothing fancy or mysterious about them. They are just common sense.

1. The first key is to look for a market that is growing. Being part of the baby boom generation, you’ve had a huge impact on markets throughout your life. Ask yourself, ‘What is important in your life, right now?’ What kinds of products and services will you be looking for and buying over the next ten to fifteen years?
2. The second key is to look for something that is purchased over and over again. If you market a product or service that is used rarely or doesn’t run out, then your next paycheck will depend on finding a new customer. If you offer a widget that gets used up on a regular basis, you will build up a steady clientele that will buy from you on a consistent basis. Which would you rather have?
3. The third key is finding a product that cannot be purchased just anywhere. Most commonly available products are purchased on either convenience or price. People will pay more for something if it’s something they need right away and they don’t want to run all over town to get it (e.g., convenience stores). If price is important to them, then they will buy what they need at the lowest cost (e.g., Walmart). You want to make sure that you are not competing on either of these levels.
4. The fourth key is to find a business model that allows you to leverage the efforts of other people. There are only so many hours in each day. If you are the sole worker in your business, then your business will grow only as fast as eight hours each day will allow. However, if you train others to build their business inside of yours, then you will benefit from the efforts of others in addition to your own.

Carpe Diem

The time is now. It’s important to understand the four keys to choosing the right business in order to set yourself up for success. Decide today that this will be your year. Isn’t it time for you and your family to win? Seize the day and create long lasting prosperity in your home business today.

Home-Based Business Opportunity For Professionals

If you are a professional who works for a company but wants to have your own business, then you may start by building an office right at your home.

Having an office at your own home to start up your business is a practical way to jump on your dream of having your own venture. This saves you from costly rent and fixtures and other expenditures if you put up your business inside a building or in other office blocks.

It is a home-based business opportunity that is advantageous in many ways, and one of them is not running out of customers. It is because your own neighbourhood consists of different types of people and it is very likely that quite a few of them need your service.

If, for example, you are an IT specialist, every house in your neighbourhood owns at least one computer. You may offer troubleshooting for any sort of computer technical problems. You may also offer computer tutorials. You can offer data programs if you know anyone from your neighbourhood that has a business, too, like an accounting system program so as to ease their tasks in managing their accounting records.

If you are a fashion designer, you can also have your own office at home and you can offer your service around your neighbourhood, especially if there are occasions like weddings, special birthday parties and other events. You may turn a certain space of your home into a fashion gallery where you can put mannequins that will showcase your designs. You can also offer costume rents for all sorts of occasions.

If you are an art painter, you may also occupy a space at your own house where you can display your art gallery. You may also provide an art digest to interested customers who do not have the time to visit your art gallery at home and have the painting be delivered to them instead.

If you are a CPA or a lawyer, you may also have your own office at home if you want to go freelance or if you want to have an extra stream of income.

You can turn your professional expertise into something that can be a home-based business opportunity. If you want to have your own business, you may always start at your own home if you do not have a big budget yet. Even professionals nowadays are looking for a home-based business opportunity to create another stream of income prospect, and you can have your own, too.

How to Implement a Business Strategy in Your Organization

Ask any successful business owner and they will tell you their success was not based on luck. The success – and failure – of a business is dependent upon the strength of their business strategy. A successful strategic plan employs cost reduction, development, and sustainability techniques to ensure a bright future. You need to know your business inside and out in order to create a comprehensive and realistic plan.

Your strategy should help you achieve the objectives of your business. A business strategy is the driving force behind any organization, and takes the form of an official report. Businesses are self-sustainable systems, when you change one thing in the system; it has a positive or negative chain reaction. Like an organism, businesses learn how to adapt to the change if it is positive, and rectify the situation if it is negative.

Organizations have several phases of development, including creativity, direction, delegation, and consolidation. A company may start out with lenient rules and regulations, but as time progresses management adopts more efficient policies that hinder creative thinking. Companies mature and lose sight of their goals and mission statements, with more of an emphasis placed on individual projects or initiatives. As a business enters maturity processes, departments, and policies are refined to reunite the organization.

Ways to Conduct Business Strategy

Historically there are two ways to develop a business strategy, using the “bottom up” and “top down” models. The bottom up method is when employees generate ideas on the floor and the best results are passed onto management. The top down strategy is when business owners create the strategy and implement the changes without seeking employee feedback. Unfortunately, both models fail to include all of the employee feedback.

The new method of developing a business strategy uses a collaborative process, which is when managers and employees exchange information and work together to create a sustainable solution. It is a team-oriented process that bridges the gap that exists between managers and workers. Before you create a business strategy ensure you have the additional resources to carry out the task without interfering with normal operation. Assign tasks and delegate responsibilities while keeping to a defined chain of command.

Functional versus Operational Business Strategies

There are two types of business strategies: functional and operational. The functional strategy focuses on general ideas and a variety of tasks for different departments. The generality is a major disadvantage, however; areas of concentration include marketing, new product launches, human resources, financial assets, and legal issues. Functional strategies provide a nice overview of the business but do not tackle the important issues employees encounter day-to-day.

Operational strategies are ideal for businesses that want to reduce costs and streamline processes because it is much narrower in scope and requires accountability on all levels. The detail oriented plan encompasses everyone and everything, from the number of cashiers on duty to how much inventory is carried at a given time. A strategy is unique to each business and reflects the needs and requirements of the company’s management.

Implementing a Business Plan

A business plan is the textual version of a strategy, as it includes pertinent information regarding the company, including: vision and mission statements, measurable objectives supporting the vision, actionable tactics meeting the objective, resources, milestones and timeframes, accountability and role designations, as well as internal and external risks. The business strategy is not evergreen and should be evaluated routinely to ensure the company still has the competitive edge.

A business plan includes the primary and secondary objectives of your organization, an analysis of current policies and procedures, and the development of new policies or procedures to correct weaknesses within the organization. Before beginning a strategy, it is helpful to conduct a SWOT analysis, which helps identify weaknesses and loopholes within the organization. Your competition capitalizes on your weaknesses, thus it is essential to continuously evaluate your business.

Developing a Competitive Strategy

Brainstorming and collaboration are essential to the development of a successful business strategy. Begin the process by identifying the strengths and weaknesses of the organization. Without erasing responses, continue to identify current opportunities that help your business succeed. Finish the SWOT analysis by identifying threats or risks that place your business in danger. Identify how your company beats the competition, outlining the various strategies already in place.

Identify your current target audience and list potential audiences in the form of demographics. Assess current market conditions and how your company can defeat the competition. Reevaluate how you are reaching current and potential customers and consider your overall marketing plan. Think positively and develop solutions to overcome any weaknesses that you have discovered thus far. Admitting your weaknesses is the hardest part of drafting a business plan, as most companies want to appear strong and mighty. Research why you have these weaknesses and find realistic solutions to the problems.

Business owners often become so caught up with their work that they fail to concentrate on their business strategy, which is a significant source of cost reduction. Achieve your goals by dedicating time each month or week to address issues surrounding the operation of your business. Make the process a tradition, ensuring operations are aligned with current goals and future forecasts. Make your business stand out from the competition by utilizing different techniques to attract the most people.

A successful strategy overcomes organizational hurdles by understanding customer needs and predicting the unpredictable. The formation of a business strategy is a science that combines current circumstances with a variety of internal and external variables, addressing immediate and long-term goals of the organization. The implementation of the strategy is rolled out slowly, starting with management. The plan encompasses everyone; however, customers are indicative of the final result.

How To Start A Website Business For The Beginner

Mostly because of the poor economy, it seems as though everyone is jumping on the internet to either help make ends meet or to obtain untold wealth. Unfortunately, there are a lot of scams online and too many people get sucked-up into the “Riches Without Work” scams that promise that with the flip of a switch, or a push of a button, you’ll receive scads of orders filling your pay pal account. Sorry… It just does not work that way. If you want to learn how to start a website business, then you need to stay as far away from the scam type sights as you can.

As the old saying goes, “If it sounds too good to be true, it probably is.” The very first thing you need to do to start a successful web business is to learn about the business and exactly how it works. You’ll need to learn some skills before you do anything. The good news is skills can be learned, just like driving a car or lacing your shoes. Everything looks daunting until you understand it…then it’s easy. So, before you waste your money on get rich quick scams, learn how the business really works. You can do this by learning, step-by-step, how to build your own website and then how to market your site to your prospects. The best way to learn this business, inside and out, is to team up with a mentor that can guide you through this maze called the internet. A personal mentor will cost you the farm so you don’t want to do that, unless you have lots of money saved up.

The best way to learn the business is to hook-up with a service that will teach you how to start a website business via the internet. A service will teach you how to build a website of your own, how to market your products and exactly how the web business works. In other words, you must build your skill sets first, then you’ll have the necessary know-how to be successful in this industry. Warning: Be careful of the insidious monster called information overload. That’s trying to do to many things at once…like promoting 3-4 businesses at once.

My advice is to find a internet mentor and then stick with him until you learn the basics of this tremendous industry.