Entrepreneurship

Monday 27 May 2013

How to Improve Personal and Business Relationships - Genevieve Flight in discussion with Chad Gilbert

Listen again to Genevieve Flight and Chad Gilbert as they discuss on the topic " How To Improve Personal and Business Relationships" on Blog Talk Radio Show
http://www.blogtalkradio.com/genevieveflight/2013/05/27/how-to-improve-personal-and-business-relationships

Tuesday 21 May 2013

Let's Get Started- Introducing you to Genevieve Flight Talk Show

Listen to Genevieve Flight (Author, Motivational Speaker, Business Coach ) introduce you to her new BlogTalk Radio Show. 

http://my.blogtalkradio.com/genevieveflight/2013/05/20/lets-get-started-introducing-genevive-flight-talk-show

Thursday 11 April 2013

Make 40% Profit by linking to "The Secret Code To Success And Wealth In Online Business" on Smashwords

Do you know you can make 40% profit by linking to this ebook on Smashwords. Just register for free, grab link, share link with your friends and get 40% from sales. It is as easy as that.http://www.smashwords.com/books/view/283125?ref=powerauthor
 

Genevieve Flight ebook goes live on Apple iBookstore & iTunes


The Secret Code to Success and Wealth™ In Online Business by Genevieve Flight is now live on Apple iBookstore and iTunes and here's the link for you to check it out and sample it too.

https://itunes.apple.com/gb/book/secret-code-to-success-wealth/id619493887?mt=11

Feel free to leave a review if you can. The Author will appreciate it.

Thursday 4 April 2013

7 Ways to Expand Your Online Business

So you just started your online business, congratulations! But you're not yet sure of how to expand them. Here are 7 ways to help you. Read and be motivated!


1. Consider opening another location. This may not be a great choice for expanding internet business. But according to business consultant and writer Frances McGukin, opening another location for your online business is just the same thing as traditional business. Moreover, McGukin recommends online-based business owners to:


Look closely at the trends (both consumer and economic-based) to indicate the staying power of your business. Ensure that the management team (including its administrative systems) is extraordinary in setting a location before keeping it running. Maintain the "bottom-line" profits that have been steady for the first 2 - 3 years of the business. Determine how and where you'll obtain your finances. Set up a separate business plan for the new location.


2. License your offers. This may be a low-cost medium for many online businesses. According to Larry Bennett, head director of the International Center for Entrepreneurship Studies at Johnson & Wales University, these businesses can receive upfront royalties and dues from consistent sales or software use through licensing. This helps control the risks of losing product or service control.


3. Sign a government contract. Rep. Nydia Velazquez of the Democratic Party wrote in her August 2003 article the importance of getting the approval of the federal government in expanding an online-based business. Coordinate with your local SDBC and SBA offices before signing a government contract. The US Chamber of Commerce offers a special matchmaking program for small or online-based entrepreneurs.


4. Target other people. Your present market is serving you well, and that's understandable. But McGukin suggests that having multiple markets is an advantage in expanding your business online. Think about it! If your market ranges from young adults to professionals, chances are you'll be able to earn over hundreds (or even thousands) of bucks and make a name in the online business realm. Sponsor speaking events, entrepreneurship programs and other offerings that can generate a multitude of revenue streams to your business.


5. Place your business website in search engines. According to SEO expert Sally Falkow, 85% of traffic comes from Google and Yahoo. Falkow adds that as of June 2011, about five billion business and traffic doubles every 200 days, making the visibility of these sites crucial to the needs of people.


6. Expand your business globally. FatWire is among the few online-based businesses that successfully expanded its services to over 60 countries. Since then, the company has already established offices in Italy, France, Holland, Spain, United Kingdom, Singapore, Japan and China. To expand the business outside of your country, you need a foreign distributor who will carry the inventory of your product or service to resell them in your target domestic markets.


7. Merge with other online businesses. It's an advantage if the business you chose to join forces with is also up for expansion.


Wednesday 3 April 2013

6 Rules to Follow When You Start an Online Business

"I want to start an online business... What kind of business should I start?"


Most aspiring entrepreneurs ask this very question during the beginning of their journey into business. If you are like most people, the idea of starting your own business probably involves a restaurant franchise, a coffee shop, or a retail store of some sorts (such as selling clothes or books). Or, if you're a little more in-tune with the times, you'll be thinking of starting a technology company of some sorts and hoping to secure some venture capital funding.


There is absolutely nothing wrong with these types of businesses. However, if you're a first-time entrepreneur (and likely, you are if you're asking this question) these businesses are a bad idea to start with. They are very risky, take a lot of start-up capital, and you'll most likely end up doing 12-hour work days, 7 days a week. Even more so, you are betting your most important resources (time and money) on an unproven strategy.


Instead, I challenge you to think of your first business as a pet project of some sort. Something that you are passionate about, and don't mind spending a little bit of money here and there. You'll never "fail" - you're simply learning.


And to maximize your chances of success with your business, here are 6 rules you should follow when you're launching a new business. They are especially applicable if you want to start an online business, but they apply to entrepreneurship in general.


Rule #1: You should solve a certain problem for a certain group of people.


Instead of thinking about business ideas, successful entrepreneurs think about problem-solving for a select group. Look to answer the question, "how can I solve THAT problem?" when brainstorming for business ideas. People are more inclined to buy when they're in a state of looking for a solution to their problem. It's much easier to sell the cure instead of the prevention.


Preferably, you should be a member of that particular group to TRULY know what solutions you can offer them. After all, you can't REALLY know what sort of problems pregnant women have if you've never been pregnant yourself, can you?


Rule #2: You should be able to test the demand for your product prior to launch.


Do not create a product and hope to create a demand for it once it's done. Ideally, you should be able to launch a dry-test before you spend valuable time and resources developing the product. Set up a salespage and launch an AdWords campaign and see how many people "purchase" your product. Don't take their credit card information of course; simply say you are sold out and will contact them once you're fully stocked again. Additionally, you can also list the item on eBay and pull down the listing in the last minute.


Rule #3: You should be able to get it up and running as quickly or as cheap as possible.


You don't have the capital, nor the resources, to build the next PSP or iPod just yet. If you attempt to build something that huge and this is your first time going into business, your chances for failure is very, very high. Once your dry test proves successful, you should be able to quickly capitalize on the demand even if that means starting out with half a product (half a product, NOT a half-ass product). It's perfectly acceptable to start small for now, and get bigger as you progress.


Rule #4: You should be able to outsource a bulk of the work.


Not being able to outsource is a common syndrome for would-be entrepreneurs. They insist on doing it all themselves, then burn themselves out in the process. Don't be cheap, and outsource activities. Think about this as a wise investment for your business. There are plenty of entrepreneurs who have launched entire businesses on the Internet by outsourcing everything, even product creation.


You shouldn't be working on trivial things when you can save days or weeks of work by simply paying someone else to do it. So if web design or programming isn't your strong suit, find someone on Elance who can do it cheaply. Focus your efforts on marketing and selling your product.


Rule #5: You should never buy anything that isn't required until you're making a profit.


Did you know that you only have to double a dollar 20 times before you turn it into a million? Take $1 and double that to end up with $2. Double that to end up with $4. Double that to end up with $8... By step 20, you would've made over a million dollars.


Of course, that's easier said than done. The lesson here is to take the profits you've earned and reinvest it back into the business. Until you're making a profit, do not spend on unnecessary things like coffee mugs with your logo on it, new desks, office rent, etc. Before you buy anything, first ask yourself this question: will the business crumble tomorrow if I don't get this right now? If not, put it in the backburner and move on.


Rule #6: You should be able to scale the business.


This is perhaps the most important rule of them all. After all, you're starting a business, not getting a job. The end goal for your company should be that it functions without your presence. Your business should function in the same way whether you're selling 10 or 10,000 products. Be the police officer on the side of the road who steps in when needed, instead of a toll booth which all cars need to pass through.


*****


How to Know If an Online Business Is For You

Many Americans have a deep desire to have their own businesses especially that of an online one. However many don't have the skills nor the nerve to actually make that step in running and operating it and when it comes to the time of doing it, going full time. The step of quitting ones job can be very disheartening, uncomfortable and downright frightening. Have you ever been to that point after working so hard on a project and you don't get the acknowledgment that you feel you deserve for it? That feeling can be one that wears on you for quite sometime. Well I'm hear to provide some information that you can use in order to see if you're ready to make that next move to entrepreneurship.


The first step in knowing if an online business is for you is this, drive. When you start any venture especially an online venture you must have an inner drive that will wake you up every morning to get you prepared to do your work. You must keep a mindset that is one that focuses on your goals and constantly highlights your strengths and accomplishments. With this you can stay focused and not become easily discouraged if something you worked on didn't end up the way you intended. I suggest having a simple quote and a picture or something in front of you that gives you that drive. It's amazing what a picture and a phrase can do for one's psyche.


The next area of concern should be that of dedication. Like any other business dedication is key, why? Well, you need dedication because now you will be responsible for all aspects of your business. If you don't do the tasks needed then no one will. This can be avoided if you keep an organizer with a schedule that lies out all your tasks for a week or to simplify for the day. Dedication and organization will keep you on a path to success.


The last key element to knowing if an online business is for you involves turning rejections into opportunities. Most people can't take too many rejections because of the emotional toll it takes. This is best dealt with through constant re-evaluation of the steps or marketing that was involved in that last failed opportunity. Looking over the information to see how you can better your approach next time will help you to identify any potential weaknesses you have and to correct them. I say that rejection is only a tool that one can use to better themselves the next time! Keeping a similar attitude can help you to evaluate your current situations so that they can be better for your future.


So if you can put all these aspects together and can stay focused then an online business could very well be for you. Remember it just takes time, commitment, focus and dedication.


I am a young Entrepreneur who is hear to provide some personal insight on varying topics ranging from entrepreneurship to reviews on topics of my liking. I enjoy voicing an opinion on a topic and then engaging in some form of dialogue with others to encourage debate.