Many times I hear people asking for ideas for a business to start. My response is always the same. What do you want from your business? It’s not the idea that is going to make you wealthy or create your dream life. I’ve seen many of my friends invest in some incredible “ideas” that have a huge market and would be widely used. After hundreds of thousands of dollars and lots of bickering the business failed everyone lost out. So instead of looking for ideas for a business to start here are some time-tested ideas that will lead you to being a happy business owner. Now forget thinking about ideas for a business to start and start focusing on these 7 items.
With any business, you have to put your time and energies into getting things going. Network marketing is no different. If I was a doctor, attorney, or baker, my business would be me. I am the business. If something happens to me, the business closes. With network marketing, my network is my business.
Make your business plan. Put into writing everything that you need to carry out for your business. From your budget to your marketing, it is important to put them in one document called your business plan. You also have to put your vision and goals in there to help you set the direction that you would want to bring your business to. Remember that this is one of the very important elements on how to start an ice cream business and make a good start as well.
The very general rule is that you will be able to recognize a portion of your home expenses as office rent in your business. The first step is to calculate the total costs associated with your home. This should include the mortgage interest, rent, the condo fees, the home insurance, the utilities, property tax and maintenance costs. Once you have these numbers, you calculate the total amount of space used in the house for the business. This amount in then divided by the total space available in the house. The ending result is the percentage of home expenses that can be claimed as office rent. For most of the businesses we deal with, the percentage amount is usually 10 to 15%.
This is where you define your Business and define the kind of market offering and target customers you want. This stage cannot be hurried. Like in the case of farming, every business requires a different form of planning. The survival of the Business profile is dependent on how well you plan before hitting the market [cultivate the land before planting].
The next step then is to create RECURRING INCOME streams. This is income that is paid on an on-going basis by your patients or clients. The great thing about this type of income is that you only have to find the client once and then they will continue to pay you over period of time.
You don’t get points in the current marketplace for repeating a tired old idea or for being a copycat. You must develop your own unique personal style in every aspect of your business. This includes everything from the ground up. Your personal style can be your purple cow. You are unique because there is only one you in this world so take that with you and take it wherever you need it to go.
If you believe in all these positive thoughts, your belief will turn into action and behavior. Your investors will feel your confidence and will feel assured in your ability to lead the business well. They will be convinced of the potential of the business.