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Saturday, June 23, 2007

The Three Golden Laws of Home Business

The Three Golden Laws of Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


Starting, running, and turning a profit out of a

home business does not have to be the tall task

that most people make it out to be. While it

certainly isn’t easy, it doesn’t have to be overly

difficult either. With a little bit of forethought

and planning, even the hardest, most complex of

things can become relatively simple.

There are

three golden laws in running a home business. If

followed, these laws will help you create a dynamic

home business, one that allows you make a decent

living. If ignored, these laws will ensure that

your home business does not rise above average

operating results.

First, plan all the way to the

end. You must have a concrete vision for the

business. Where will it be five, ten, twenty years

from now? What sort of scale will it have? What

will it be doing differently, and what things will

remain the same? Try to envision all the obstacles

that may come up and prepare plans to meet them. To

be sure, you will be unable to foresee all the

crises that will occur. But mentally, you must be

prepared for them as they come. Circumstances

should not catch you completely off-guard; you

should have a measure of preparation against

ever-changing situations.

Second, work hard – and

make your people work hard as well. With your home

business, everything will start with you. You must

work to become the greatest, most capable

individual that you can become. Spare no expense in

your education, within reason, as long as such

education is helping you prepare for the future.

Then, be sure that you work as hard as you can,

learning all the ins and outs of the trade of which

you are in. A good work ethic is important to

success, and you should not neglect it. A corollary

to this is that you should hire people who are just

as hard-working as you are. Be sure to set targets

for both yourself and others, and measure what gets

done. Give reward liberally to those who

achieve.

Third, utilize the power of personal

networks. There is an old adage that says “It is

not what you know, but whom you know.” While we may

rebel against what this truism may imply, the fact

remains that worldly success depends on a high

degree to the number and quality of people who are

kindly disposed towards you. Your personal network,

as well as the networks of the people who work for

you, should be utilized to their full potential, in

terms of advertising and sales efforts. Treat those

in your personal network well, provide the

necessary services, and they in turn may promote

your business to those in their networks.


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Taking a Closer Look At The Profit Angle

Taking a Closer Look At The Profit Angle
Copyright © Jose Love

http://perfectbiz.here.ws


Some people engage in a certain home business out of whim. It is uncommon for people to start a home business simply because they feel that this business is right for them. Unfortunately, in business, gut feel may not be enough to keep you going. More often than not, your gut feel does not really turn into reality. To really stay in business, you need to study your profit angle closely. You need to ask yourself “is this business going to be profitable?” and “how will this business become profitable?” “What will it take to make this business profitable?” If you can honestly answer these questions, then, you are closer to your dreams of making your home business a success.

Projecting future profit

To be able to make a sound projection of profits, you will need to formulate a sound business plan. In your business plan, you must make a realistic projection. You must be able to identify the expenses that you will mostly incur in the course of your business and then determine how much goods and services you will need to sell to be able to recover your cost and earn some profits. You can do your comparison by making a projected income statement.

Now, if you have no idea how to make a projected income statement or a projected financial statement for that matter, don’t start fretting about it. Making a projected income or financial statement is not exactly rocket science. It is just a projection of how much money you need to earn in order to be able to pay for your business expenses and at the same time earn enough money as profit. If you are not familiar with accounting methods and process, make a research on how these things are done. Yes of course you can formulate your own methods of computing things but then your methods of computing might not really be the right way to do things. Besides, it is always easier to follow an established method of computing for profit making up something of your own.

If you do not have any spare time to learn how to make a projected financial statement, you better buy a simplified computer accounting program that will allow you to create projected financial statements. The good thing about these types of simplified computer accounting programs is that you only need to input some values into the questionnaire and the program will run on its own. If you want to change your projections, you simply change the values in the questionnaire and the program will automatically adjust the figures in your projected financial statement. Most programs will allow you to change the figures as many times as you would like. This means that by spending a few dollars on a computer program, you get the work done in just a fraction of the time it would have required you to perform it had you done things manually.

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Thursday, June 21, 2007

Setting Up Your Own Home Based Catering Business

Setting Up Your Own Home Based Catering
Business

Copyright © Jose Love

http://perfectbiz.here.ws


Are you one of those people who love to cook? If

you love cooking, you might want to put your

talents to work and set up your own home based

catering business. The good thing about setting up

your business at home is that you get to earn money

while keeping an eye on the kids.

Formulating your business plan

before you start your business, be sure that you

have a sound business plan. Always bear in mind

that your business plan is very important if you

want to succeed in your business. You don’t really

need a complicated business. All you need is a list

of things that you need to do to get things

started, have a business goal, a timeframe and a

budget. Now, don’t runaway yet, it’s not really as

complicated as it sounds. You don’t need to have a

PhD to write your business plan. To make a

simplified business plan, just get a piece of paper

and divide it into four columns. The first column

should be allocated for particulars where you will

write all the things that you will need to do, the

second column could be for time frame where you get

to write the time and date when you will need to

perform the task that you listed in your column for

particulars, the third column will need be for your

expected expenses and the fourth column will be for

your expected output.

When formulating your business plan, make sure that

you list all the things that need to be done,

preferably in a chronological order or in your

order of priorities. For instance, since you are

setting up a home based catering business, you will

need to get cooking equipment. On your first

column, you may write there purchase of equipment

and cooking utensils. Make sure that you identify

all the equipment and utensils that you need. You

may write them according to your priorities. On the

second column, write when you will purchase these

things. In case you are not planning to purchase

all your equipment all at the same time, write the

different target dates you have. For your third

column, estimate how much money you need to get you

equipment. You may also write in your business

plan as to where you intend to get the money from.

The fourth column of the simplified business plan can

be a bit tricky. Here you will make some business

projections. If you are buying equipment, you will

need to project how you will be able to recover the

cost of your investment. Be realistic in your

projections. Always bear in mind that it will not

do you any good to be overly optimistic. Always be

conservative when making projections. It is always

better to exceed your projected income than to fall

miserably below it.
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Tuesday, June 19, 2007

Running a Retail Website: What You Need To Know

Running a Retail Website: What You Need To Know
Copyright © Jose Love

http://perfectbiz.here.ws


Of the many potential home businesses, a retail website is one of the best. Running a retail website isn’t the easiest thing to do in the world – but neither has it to be the hardest thing you’ve ever done. Whatever the goods and services that you are selling, there are ways and means to make it work just a little bit better. Here are some tips that can help you improve your retailing efforts – and, by extension, your home business.

Create a niche site. If you want to make it big in the retailing business, you should have a site, or a group of sites, that cater to specific customer groups or to specific products. A “supermarket” set-up on a retailing website, wherein everything is thrown together, simply will not work. People can easily get confused in such an environment. Confusion can lead to frustration, and frustration can lead customers to simply give up. A niche site must be focused, targeted, and relatively easy to navigate.

Make your site easy to navigate. Everyday many people are getting on the internet for the first time. Some of these people are going to go on your site. If these people cannot navigate your site, then chances are nil that they will buy something from you. Make it a practice to review the layout of your site from time to time. Is it simple enough? Imagine yourself going around the site for the first time. Is the overall arrangement conducive to persuading people to make purchase?

Advertise, advertise, advertise. You can’t expect anyone to buy from you if they don’t even know that you’re in business. You should advertise in every possible way. Over the internet, this means giving out links and reciprocating people who link their sites to yours. It means writing articles that can extend your visibility. It means getting optimized for the search engines. However, you can also advertise conventionally. For instance, you can post banners and give out flyers and stickers. You can spread your business information by word-of-mouth as well – which is arguably the most effective way, anyway. A shining recommendation from a friend can do more than a thousand stickers.

Sell quality products. The only way to make money in retailing is to keep people buying from you again and again. And the only way to do that is to provide goods and services that are well worth the money. Remember that people must feel satisfied with their purchases, else they probably never will purchase anything from you again. If you have excellent products, people will find their way to you, even if you don’t expend as much effort advertising them.

By applying these basic tips, you should be on your way to creating a great retailing website.








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Reasons to Have a Home Business

Reasons to Have a Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


If you are thinking about starting up a home

business, chances are that you don’t need to be

convinced. However, you have to be sure that you

are doing the home business for the right reasons,

and that you aren’t going to be surprised by

anything that might happen while you are working

with your home business. Make sure that you are

doing it for the right reasons, and you are going

to be more likely to be happy with the way that

your home business turns out.

Reasons

There are many reasons to have a home business. You

need to make sure that you are doing it for a good

reason, and that this is going to fit into your

life. You shouldn’t decide that you want to open a

home business, for instance, if you simply want to

work at home. There are many ways that you can work

at home without having your own home business, and

so if you simply want to have the freedom of

working at home, then a home business might not be

the best option for you. However, if you really

have the drive and ambition to not only work at

home, but to be able to create a business from

scratch, then it is something that you should

consider.

You should also not open a home business simply

because you are angry with the way that your boss

is running your business. A good reason to open a

home business might be that you have new and

innovative ideas for whatever field you are working

in, and this might be why you want the home

business. However, if you are simply doing it so

that you can do what your boss does, only try to do

it better, you are not going into the business for

the right reasons.

You should be opening a home business because you

want to make a difference in the field, and also

because you truly enjoy what you are doing and

think that you are going to be able to do it very

well from home. These are all reasons that you

might want to consider starting a home business.

The idea of working form home and being your own

boss should simply be something good that goes

along with it. Remember that no matter what, once

you start a home business it is going to be in your

life, and it is going to be something that you have

to plan for in the future. This means that a home

business is something that you need to think

through and plan carefully before you decide it is

for you for sure. This is very important to

remember.
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Friday, June 15, 2007

Passing Your Home Business On To Your Kids

Passing Your Home Business On To Your Kids
Copyright © Jose Love

http://perfectbiz.here.ws


There is something that is part of a home business

that you might not have thought of, and that is

where you are going with your business in the

future. Remember that although you are around right

now to run your home business, like any business,

you should be hoping that you are going to continue

to be successful and that you are going to continue

to move foreword in whatever you are doing. If this

is the case, you should be thinking about the

future of your business and what you plan on doing

with it. Remember that you might want to pass it

on, in the end.

Passing On A Business

When it comes to whether or not you want to pass

your home business on to your children, you have to

think about it in the same way that you would think

about passing on a regular business to your kids.

There are several things that you have to think

about, and you have to make sure that your family

knows what you want to do.

Interest

First of all, you want to make sure that your

family is interested. You don’t want to expect your

children to take over your business if they aren’t

interested in it, or if they have no idea what it

is all about. If your kids don’t seem like they are

interested, you might be better of selling your

business before your retire so that you know your

business is in the right hands. Remember, when you

sell your business, you want to make your children

happy and you want to keep your business running.

If you don’t think your kids are going to be happy

running the business, it might not be the best

thing to do.

Responsibility

Another thing that you should keep in mind is that

you have worked hard to get your business where it

is, and you are going to want to be sure that it

gets passed on to someone who is going to be

responsible with it. This is one of the most

important things that you have to think about when

you are considering whether or not to give your

kids your home business. Remember that if they have

shown interest, and you think that they are going

to handle your home business in a responsible way,

this might be something that you consider doing.

In the end you have to remember that you are the

one who has built up your home business, and this

means that you are the one who has a say in what

happens to it when you are finished being in

charge. Make sure that you have made your

intentions clear, and make sure that you feel good

about what is going to happen to your business

later on down the road.


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Managing Your Home Business (So It Doesn’t Manage You!)

Managing Your Home Business (So It Doesn’t
Manage You!)

Copyright © Jose Love

http://perfectbiz.here.ws


The Problem of Time Management

If you already

manage a home business, then you are also probably

aware of how it can consume most of your time. Most

likely, this happens against your will. After all,

there are probably many things that you want to do

with your time, such as spending time with your

spouse and your children, going out with your

friends, listening to music, reading some books, or

what not. And yet, the task of managing your home

business seems to take up all of your time. What

can you possibly do?

What was described in the

first paragraph is a classic example of a time

management dilemma. Millions of people, not just

home business owners, feel that they are not in

complete control of their time. This tends to make

people miserable, since most people want to feel in

control of their lives. After all, what is your

life but a measurement of your time? As long as you

are unable to spend your time in a manner that you

wish, you will never be truly happy, no matter how

much money you earn or how many accolades you

receive.


Managing Your Time Properly

Set your priorities.

The cardinal rule of time management is this: Set

your priorities. In life, there is probably nothing

more important than setting your priorities, since

they will set the stage for just how much time you

will spend on each area of your life. You must

clarify in your mind exactly what you want in life,

and determine to spend more time on those things

that you feel are most important.

In the immortal

words of Goethe, “Things that matter most must

never be at the mercy of things that matter least.”

If your home business is the most important to you,

then it is only right that you use most of your

time on it. But if it isn’t, you should begin to

scale back on the time you spend on it. You can

either 1) get someone else to do the job for you;

or 2) scale back on the amount of work you are

already doing. Remember: You own your home

business; it doesn’t own you.

When you work,

work. Time management gurus tell us that most

people don’t really work all the time that they

work. This means that they may be putting in 8

hours at work, but they’re not really working for

all of those 8 hours. They may spend an hour here

chatting with officemates, another hour there for

lunch, and another utterly distracted. This causes

work to pile up and problems to surface at a later

time.

To avoid this, work all the time you work.

While you should definitely take breaks whenever

you need them, make sure you are not kidding

yourself and taking more time than you need to. By

focusing on the task at hand, you will get it done

quicker and with less effort, freeing up more time

for the other things you want to do.




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Tuesday, June 12, 2007

Keeping Sane With Your Home Business

Keeping Sane With Your Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


There are many things that you have to think about

when it comes to running your home business. One of

the biggest things is to make sure that you don’t

get sucked up into your home business, and that you

are able to stay sane and keep it together to your

family. Remember that they are probably part of why

you have decided to have a home business, so you

have to be sure that you are doing the best that

you can for them and providing them with every

opportunity to live a great life.

List Priorities

One of the most important things that you can do

for yourself to keep your head clear and to keep

sane while you are having a home business is to

make a list of your priorities and see if you can

stick to it. This is something that you should do

before you even start to think about having a home

business, because once you have gotten started you

are going to find that you have a lot more to think

about. There are going to be more offers than you

think you can handle, and there are going to be a

lot of decisions that you need to make. The best

thing that you can do for yourself is to keep your

list of priorities and to stick to it. If you say

that you are going to only let your business get so

big during your first year, and you make sure you

stick to this, you aren’t going to find yourself

with a business that is out of your control right

away.

Keep things Separate

Another thing that you should do when you are

trying to keep sane with your home business is to

be sure that you are taking time away from your

business. It is very important to start off your

business by working very hard, but you also need to

keep your family and your private life as something

completely different, or you will find that you end

up in trouble by going crazy with your home

business.

A good way to keep things separate and to try to

stay sane is to have office hours where you are

working, and the have hours where you are not

working, you are simply at home with your family.

This is always a great way to keep your business

and your private life separate, and if you are

going to be successful with your home business, it

is something that you need to be able to do, and

you need to be able to do it well. Remember that

if you can do these things, you are going to be

able to be much more successful with your home

business, and you are going to stay sane.


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How To Start Your Own Scrapbook Making Business

How To Start Your Own Scrapbook Making
Business

Copyright © Jose Love

http://perfectbiz.here.ws


Making scrapbooks is one of the biggest industries

in the country today. According to studies, the

scrapbook industry earns about $3Billion each year

and this figure keeps on growing. Since scrapbook

making can be done in the comforts of your home,

this can be a very lucrative home business for

creative people. The good thing about the scrapbook

making business is that it does not really require

a huge amount of capital. If you are creative and

you know how to make use of whatever materials that

are available, you can already create good

scrapbooks.

Learning the art of scrapbook making

Starting out a home-based scrapbook making business

is easy especially if you are naturally creative

and artistic. However, to make sure that you are on

top of everything, before you start your own

scrapbook making business, you must first learn all

that you know about this hobby. First, you must

know the different techniques of scrapbook making.

Read books and magazines about this business. You

may also enroll in one of those scrapbook making

classes. Practice what you have learned and then

improvise. Always remember that scrapbook making is

an art. Be creative. Always remember that the more

unique your scrapbooks are, the more clients you

will have.

Getting supplies

If you want to engage in the scrapbook making

business, you must know where to get good

materials. Locate a good supplier of paper and

trinkets in your locality and make sure that you

have enough supply of good materials all the time.

If you are planning to do a lot of scrapbooks,

better buy your materials in bulk and get some

discount. On the other hand, if you have no time to

run around town and shop for papers and trinkets,

you can just go online and take a look at those

sites that are selling scrapbook materials. The

good thing about buying your supplies online is

that you get to save a lot of time and effort. Just

make sure that you order your scrapbook making

supplies from reputable online stores or else you

will soon find yourself with some materials which

are substandard or worst, your credit card could

get high jacked and you lose a lot of money.

Marketing your product

The best way to market your product is to create

samples and present them to your friends and

relatives. You can start by asking close family

members friends if they want to have keepsakes that

are custom made. You may also display your designs

during family gatherings and special occasions so

that people will have some idea of what you can do.

If your designs are really good, a lot of people

will be calling you about their scrapbooks sooner

than you can imagine.


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Monday, June 11, 2007

How To Start Your Own Home Based Meals To Go Business

How To Start Your Own Home Based Meals To Go
Business

Copyright © Jose Love

http://perfectbiz.here.ws


If you are one of those people who love to cook,

you might want to explore the possibilities of

selling meals to go in your community. A lot of

people are not really eating right these days. In

most cases, familiar thrive on processed and

instant foods because everyone is too busy to

prepare a healthy meal. By offering home cooked

meals to go, you will be able to help others eat

more healthy foods and at the same time earn some

money to contribute to the family coffers. If your

neighbors and friends love your cooking, you will

most likely have a lot of people knocking on your

door and asking for a decent meal.

Getting organized

If you happen to live in an apartment building

where everyone leaves the place in a hurry

everyday, you might want to offer some breakfast,

lunch or dinner to go. However, before you do so,

you better check with the building administrator if

these things are allowed or lese you will get into

trouble. There are many apartment buildings that

do not really allow these things because this could

be a source of fire hazards. On the other hand, if

you have your own house, offering meals to go will

not be much of a problem. In most cases, after

complying with government regulations, you can

start your home business immediately.

Organizing things for your food to go business is

not really that difficult especially if you have a

computer with internet connection in your home. You

can start by asking the people in the building for

their email or instant messaging address. You can

send your menu for the day to these addresses and

ask them to send you a message as to what they will

have for breakfast, lunch or dinner. For your

neighbors who do not have internet connection, you

can just put a cork board outside your door where

you can post your menu for the day. You may also

provide for some paper and a box where your clients

can write their order and then drop them in the

box. Furthermore, having a business phone is a

must. Some of your clients may want to call you to

place or cancel their orders. Never rely on your

home phone for this purpose. Always bear in mind

that the home phone should only be used for

personal transactions and the business phone should

dedicated solely for entertaining clients.

Set a specific time and place where your clients

can pick up their food. Make sure that you are

already and waiting a few minutes before your

clients starts arriving so that you will not have

difficulties getting things in order.

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Friday, June 8, 2007

How To Start Your Own Home Based Accounting And Bookkeeping Business

How To Start Your Own Home Based Accounting And Bookkeeping Business

Copyright © Jose Love

http://perfectbiz.here.ws


Are you own of those people who are tired of being confined inside your windowless office cubicle? If you have been feeling claustrophobic in your small cramped cubicle with nothing but the computer filled with accounting files, now is the time for you to get out of there and look for something that will not really drive you crazy. There is really no point of torturing yourself and getting all your nerves worked out even if the job does pay the bills. Always bear in mind that you are not here in this world simply because you need to pay the bills! You have to live your life a little and have some fun.

Now, just because you are miserable with your present job, that doesn’t mean you have to dash out of the door right thins very minute and never look back. Much as we hate to think about it, we do need to pay the bills, eat and have a roof over our heads. If you really want to quit your job, you better look for alternative means of income first. Much as you would like to get away from your workplace fast, you will need your day job to keep you afloat while you set up your home business. To inspire you to work hard on your home business, set a target date when you will quit your job. Keep your target in mind and strive hard to build your business.

Since you are an accountant, you might want to start offering your services as bookkeeper or accountant to small business around your community. There are probably a lot of small businesses around your community that needs your services so start calling on people who might be in need of accountants or bookkeepers. If you know some people who are into home based business, give them a call and ask if they need your help. You will be surprised at how many people actually need accounting and bookkeeping services.

Another way for you to advertise your services is to print some brochures of describing your work experience, the services that you are offering and your professional fees. Distribute your brochures together with your business cards to family members and friends and ask them if they know somebody who might be interested in your services. More often than not, someone in the family does know somebody who is in need of accounting services.

It may take you sometime before you can finally build a good accounting and bookkeeping business. If things are not moving as fast as you would want it to be, be patient and don’t stop trying. Sooner or later you will be able to get enough clients and generate some good income.


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How To Start A Pet Based Home Business

How To Start A Pet Based Home Business
Copyright © Jose Love

http://perfectbiz.here.ws


Are you one of those people who love animals? If you are one of those people who love animals, you might want to set up your

own pet based home business. The good thing about selling products for pets is that you get to have some fun by doing the

things that you really want to do and at the same time earn some good money. Besides, if you have kids in the house, they

will probably have as much fun as you do. Kids and pets belong together so you will not really have any problems asking your

kids to help out in your home business. Getting your children to help in your home business is a great way of teaching them

how to be responsible.

Setting up your business

Setting up a pet-based home business is not really difficult. You don’t need to have a big space to keep all your stuff. If

you open an online store where you can sell your products, you will only need to keep a few things in your house. You can

just run to your supplier any time you need something. Since you will not need to keep a huge amount of inventory of pet

products, you will not need a lot of money as capital investment. A few hundred dollars for your computer with internet

connection and your initial inventory will be enough. For your web hosting, you can just use one of those free sites for a

start to save on cost. There is really no point of wasting too much money on web hosting when you can have something for

free. Besides, those sites that are offering their services for free are not really that bad.
Selecting your products

There are lots of pet based products that you can choose from. If you want to specialize on organic products for pets, you

might want to take a look into organically grown food for dogs as well as toys that are made of biodegradable and organic

substances. The good thing about selling these types of products is that you get to help save the planet at the same time.

Besides, according to experts, organic products for animals are a lot safer because they do not contain any harmful chemical

additives. Healthy pets make great companions.

When planning to sell organic pet products, you should first locate a good supplier of these products. Find a supplier of

organic products near you so that you can just simply to go their place whenever you need something for your store. Always

make sure that you have steady supply of the products that you sell in your site otherwise you will have many disgruntled

clients in your hands. Having disgruntled clients is not really a pretty thing so make sure that you give good service.




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Sunday, June 3, 2007

How To Start A Home Business With Limited Amount of Capital

How To Start A Home Business With Limited Amount
of Capital

Copyright © Jose Love

http://jlove.payitforward4profits.com


If you are thinking about borrowing a huge amount

of money from friends and relatives to start your

own home business, you might want to put that

thought aside and find other ways of starting your

business without burying yourself in a pile of

debts. Just because you do not have a lot of money

for capital doesn’t mean you cannot engage in a

home business. There are many ways of starting your

own home business even with just a few dollars.

Offering Services

One of the best ways to do away with the huge start

up capital is to start a business that will only

require your talents and your time as capital. For

instance, if have some special skills and trainings

on dealing with children with learning

disabilities, you can set up a tutorial service.

There are many people all over the country that are

offering home tutorial services for kids with

learning problems and they are earning good money.

On the hand, if you have some bookkeeping skills

and you have some experience in this area, you

might want to offer your service to the small

business around your neighborhood. You will be

surprised at how many people really need your

services.

Use your present resources

Using your present resources as capital for your

business can help you save a lot of money. For

instance, if you have a big house with a lawn, you

can turn your house into a child minding center or

a day care center. There are a lot of parents out

there who need a safe place where they can leave

their kids while they go to work or do some

shopping. A day care center is not really hard to

promote in the neighborhood. Once the people in

your community learn that you are offering this

type of service, they will start coming to your

doorstep.

Working Online

There are many online businesses that do not

require you to put any capital at all. For

instance, if you are a good writer, you can offer

your services online. The good thing about working

as an online freelance writer is that you can work

anywhere you are. As long as you have a computer

with internet connection, it doesn’t matter if you

are working inside the mall, the coffee shop or by

the beach for that matter. On the hand, if you have

no writing skills, you can always join one of those

online affiliate marketing programs and earn

commissions from the sales generated from your

site. Most online affiliate marketing programs do

not require you to put capital to get started. The

good thing about these online affiliate programs is

that they give out big commissions. If your site

generates a lot of traffic, you will most likely

earn a handsome income out of these affiliate

marketing programs.
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