Online Business: Work Smarter, not Harder.

Written by Keith Bryan

Online business is probablyrepparttar fastest growing market onrepparttar 117019 planet. With over 34 million web pages out there and more being created every day it seems like an almost hopeless prospect forrepparttar 117020 solo home business owner to achieve any sort of success. Think ofrepparttar 117021 competition.......right? Well, almost.

For those of us that have been raised in a world where a small business owner works like a dog to keep their creation from going bankrupt it seems almost unfathomable to even think of competing withrepparttar 117022 "big" companies. If you've ever known anyone that owns a business think back torepparttar 117023 first few years of their entrepreneurial venture. You've probably never seen anyone so tired/overworked/stressed/worried in your life. This is what most people think of when someone mentions "starting your own business".

The beauty ofrepparttar 117024 modern online business is that practically everything can be automated. This is not to say that there is no work involved in starting a business onrepparttar 117025 internet. The difference from business twenty years ago and business today is astounding! If you plan your online business well you can accomplish in minutes what just twenty years ago would have taken hours, if not days.

Lets run through some ofrepparttar 117026 options available to you to make your online experience less stressful and time consuming. Let's find out how to work Smarter, not Harder.

First things first....... We have to build a website.

This alone scares many people. "I don't know HTML" or "I can't afford to have a page built for me" are things I hear allrepparttar 117027 time when talking to people about online business. Let's get something straight...... you DO NOT need to know how to program better thanrepparttar 117028 top site designers at E-Bay in order to make a web page. I know many people with minimal HTML knowledge that have done exceedingly well in online business.

There are many template systems out there that make building a completely functional web page as easy as copy and paste. One I frequently recommend isrepparttar 117029 Powersite System ( It's simple and effective and letsrepparttar 117030 new business owner focus on adding content, not scanning endless lines of code or constantly uploading your updated page torepparttar 117031 server from a desktop program.

You'll need to pick key words for your site which can easily be accomplished with websites like Wordtracker. Pick key words that will get you some traffic but aren't going to be impossible to get your site ranked. More on this........


Written by Todd Quinn

You may be in Mail Order, Direct Mail, or you may be a local merchant with 150 employees; whichever, however or whatever - you've got to know how to keep your business alive during economic recessions. Anytimerepparttar cash flow in a business, large or small, starts to tighten up,repparttar 117018 money management of that business has to be run as a "tight ship."

Some ofrepparttar 117019 things you can and should do include protecting yourself from expenditures made on sudden impulse. We've all bought merchandise or services we really didn't need simply because we were inrepparttar 117020 mood, or perhaps in response torepparttar 117021 flamboyancy ofrepparttar 117022 advertising orrepparttar 117023 persuasiveness ofrepparttar 117024 salesperson. Then we sort of "wake up" a couple of days later and find that we've committed hundreds of dollars of business funds for an item or service that's not essential torepparttar 117025 success of our own business, when really pressing items had been waiting for those dollars.

If you are incorporated, you can eliminate these "impulse purchases chases" by including in your by-laws a clause that states: "All purchasing decisions over (a certain amount) are contingent upon approval byrepparttar 117026 board of directors." This will force you to consider any "impulse purchases" of considerable cost, and may even be a reminder inrepparttar 117027 case of smaller purchases.

If your business is a partnership, you can state, when faced with a buying decision, that all purchases are contingent uponrepparttar 117028 approval of a third party. In reality,repparttar 117029 third party can be your partner, one of your department heads, or even one of your suppliers.

If your business is a sole proprietorship, you don't have much to worry about really, because as an individual you have three days to think about your purchase, and then to nullify that purchase if you think you don't really need it or can't afford it.

While you may think you cannot afford it, be sure that you don't "short-change" your self on professional services. This would apply especially during a time of emergency. Anytime you commit yourself and move ahead without completely investigating allrepparttar 117030 angles, and preparing yourself for allrepparttar 117031 contingencies that may arise, you're skating on thin ice. Regardless ofrepparttar 117032 costs involved, it always pays off inrepparttar 117033 long run to seek outrepparttar 117034 advice of experienced professionals before embarking on a plan that could ruin you.

As an example, an experienced business consultant can fill you in onrepparttar 117035 1244 stock advantages. Getting eligibility forrepparttar 117036 1244 stock category is a very simple process, but one with tremendous benefits to your business.

The 1244 status encourages investors to put equity capital into your business because inrepparttar 117037 event of a loss, amounts up torepparttar 117038 entire sum ofrepparttar 117039 investment can be written off inrepparttar 117040 current year. Withoutrepparttar 117041 "1244" classification, any losses would have to be spread over several years, and this, of course, would greatly lessenrepparttar 117042 attractiveness of your company's stock. Any business owner who has not filedrepparttar 117043 1244 corporation has in effect cut himself off from 90 percent of his prospective investors.

Particularly when sales are down, you must be "hard-nosed" with people trying to sell you luxuries for your business. When business is booming, you undoubtedly will allow sales people to show you new models of equipment or a new line of supplies; but when your business is down, skiprepparttar 117044 entertaining frills and concentrate onrepparttar 117045 basics. Great care must be taken however, to maintain courtesy and allow these sellers to consider you a friend and call back at another time.

Your company's books should reflect your way of thinking, and whoever maintains them should generate information according to your policies. Thus, you should hire an outside accountant or accounting firm to figure your return on your investment, as well asrepparttar 117046 turnover on your accounts receivable and inventory. Such an audit or survey should focus in depth on any or every item within your financial statement that merits special attention. In this way, you'll probably uncover any potential financial problems before they become readily apparent, and certainly before they could get out of hand.

Many small companies set up advisory boards of outside professional people. These are sometimes known as Power Circles and once in place,repparttar 117047 business always benefits, especially in times of short operating capital. Such an advisory board or power circle should include an attorney, a certified public accountant, civic club leaders, owners or managers of businesses similar to yours, and retired executives. Setting up such an advisory board of directors is really quite easy, because most people you ask will be honored to serve.

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