Business Opportunities: Success and Failure Statistics as Well as Possible Prevention

Written by Vishal P. Rao

Continued from page 1

6. Isrepparttar business opportunity working withinrepparttar 135769 confines of federal, state and local laws? Depending upon where a member lives, these laws can vary widely!

The real statistics on failures of small businesses, many of which now are business opportunities and franchises, are well documented byrepparttar 135770 United States Small Business Administration: Business statistics provided byrepparttar 135771 United States Department of Labor, report that in 1994,repparttar 135772 number of businesses that failed that year were divided intorepparttar 135773 following categories:

* Bankruptcies (a 15.4% increase from 1993).

* Failures (a 17% increase from 1993).

* Terminations (.3% increase from 1993).

The Small Business Administration attributes these failures andrepparttar 135774 evolving higher percentages torepparttar 135775 fact that there are now MORE small businesses inrepparttar 135776 United States overall, with a 49% increase in numbers since 1982.

The Small Business Administration also states specifically that statistically, only one in seven can be considered a true "failure", leaving unpaid obligations in their wakes. Others simply sell or shut their doors for a variety of other reasons.

Since most business opportunities, at least initially, open with less than 100 employees (many are simplyrepparttar 135777 owner, as sole owner and executor of all business "chores"), then most Biz Ops are indeed "small businesses" and as such allrepparttar 135778 pertinent failure statistics can be applied to them. What is really surprising and rather "staggering" isrepparttar 135779 fact that most business failures are not due to outside forces, but those thatrepparttar 135780 business owner has complete control over! These issues included lack of marketing know-how, lack of record keeping, lack of management competence, lack of financial management, and other business basics such as controlling employees andrepparttar 135781 inability to seek outside assistance and advice!

The wise business owner, whether or not involved in a business opportunity, will seek to learn and implement proper procedures, and investigate proper methods of operation throughoutrepparttar 135782 life of a business.

If this is done, a Biz Op owner, or any small business owner, has less of a chance of becomingrepparttar 135783 "latest failure statistic"!

© Vishal P. Rao. All rights reserved.

Vishal P. Rao is the owner of: - An online community of people who work at home.

Backup and Save your business!

Written by Fred Farah

Continued from page 1

It took me weeks to find, and then remember where they are hidden in Documents and Settings. I never did findrepparttar email settings, so have not saved those.

Bottom line: what should you back up, and how often?

Whatever media you use, you must have at least 2 current backups of everything, and preferably 3. If you use CD or DVD, have you ever noticed how some discs suddenly become unreadable, and for no apparent reason. It happens oh too frequently.. I lose up to 15% this way. CDs have an expected shelf life of maybe 2 years. Some will surely last longer, too many die prematurely.

Does that mean you should not use CDs or DVDs to back up? Of course you should. It isrepparttar 135668 cheapest backup system I know about. But you MUST have more than one copy. I prefer 3. The proof of this comes when you save your business by being able to start over because your backups are up to date.

Imagine if you lose all your programs and have to buy them over again.

Imagine if you lose all your emails that have your registration codes forrepparttar 135669 programs you bought online. And what about allrepparttar 135670 sales and purchase data in your emails. What about your contact list, your email lists, etc.

Imagine losing all your accounting data that you must have for year-end tax reporting!

Enough said. Programs already backed up on 2 or 3 copies only need to be updated by adding new programs you buy, and upgrades that come out.

Data should be backed up based onrepparttar 135671 frequency of your transactions. It could be daily, or every 2 or 3 days if your business is inrepparttar 135672 early growth stage..

Without backups…your business may be dead inrepparttar 135673 water! Don't get careless. You may say I will save a disc or two by backing up less often. Why? One CD-rom disc costs a buck. Big deal when it means life or death for your business.

Why take chances. Can anyone predict when you will have a problem, a computer crash, a new virus? Of course not. Don't live dangerously, this is not a thrill ride, it is your life.

Fred Farah copyright 2004

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Fred Farah is a long time business man who is willing to share his expertise using his web site Best Affiliate Products It's all about affiliate marketing to niche markets. Lots to learn from the Niche Madness 7-day eCourse, as well as the Niche Market Strategies newsletter.

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