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Archive for the 'Small Business Ideas' Category

Starting a Home Business with WII

Tuesday, May 1st, 2007

From Entrepreneur.com:

They may not have invented the popular gaming console, but that doesn’t mean these entrepreneurs can’t make a profit on it.

It’s a giant among video game consoles, a brand name like almost no other, an entertainment product that needs no introduction. Ladies and gentleman, give it up for Nintendo Wii.

Some products and services are so well known, they hardly need an introduction. Nintendo Wii may not have the name cache of McDonald’s or Wal-Mart. But it does have brand recognition that startups can only dream of.

That’s why there’s something to be said for the “aftermarket,” the concept of tailoring your business to the customers of a much bigger, famous or already-existing product or service. For instance, think of eBay and the drop-off centers that have cropped up, companies that make products out of recycled materials or even the books published that analyze the phenomenon of the Harry Potter series and TheDa Vinci Code.

Nintendo Wii is just one of the latest products to inspire entrepreneurs to start new businesses or adjust their current offerings. For instance, one component of the Wii is the Mii, which lets game players create their own characters by choosing from an assortment of facial characteristics. Many online retail outlets are selling T-shirts, mugs and statuettes with Miis on them…..Full Article Here

Should You Start a Small Business Blog?

Thursday, April 5th, 2007

From Entrepreneur.com:

In just a few years, blogs have become a phenomenon. Every day, an estimated 175,000 new blogs and more than 1.6 million blog updates go online, according to Technorati, a blog tracking firm. As of late January 2007, Technorati was tracking 63.2 million blogs.

This explosive growth raises the question: Should your small business start a blog? I believe you should, if for no other reason than to take advantage of an effective marketing tool. In a recent survey of business technology marketing executives by research firm MarketingSherpa, blogs were voted the No. 4 tool for generating sales leads.

Like any other marketing tool, blogs are most effective when used properly. Here are some suggestions for successful blogging, plus some background for those who aren’t familiar with blogs….

Full Article Here

Start a Small Business from Home

Monday, February 19th, 2007

Excerpt from Rockford Register Start:

Question: I would like to start my own small business from home. What’s a good idea for such a business?

Answer: As you have stated your question, that can be a tough question and in any case we really need more information. Such as, first we should establish the “Why” of your purpose in wanting that business. It might be a part-time business, and those part-timers can be the “hobby” type or maybe just a supplemental income type. Maybe you are unhappy with your job and think this will be a good way out of that situation. Or maybe it’s full-time and for all the marbles, that’s is, to make your living expenses. So what’s your purpose? Why do you want to own a business? Is there timing a factor? And such initial questions can go on and on.

The most important things to consider include your experiences, any special education or specializing courses, all your business experiences, maybe your hobby (s), your interests, perhaps available mentors, and maybe last but not least your passion. Sometimes in business, all that carries you through to the next plateau is persistence and passion.

Some people have personalities that are more suited to a particular home business. For instance, some people fail at the selling part because of the difficulty in handling and accepting rejection. Some fail at the ability to cope with the variety and moods of their customers. Financial controls are difficult for others. So how does your personality fit with the foils of business? Not how would you like to have them fit but how will they fit?

Approach Small Business Opportunities Cautiously

Monday, January 22nd, 2007

Many small business opportunities are nothing more than get-rich-quick schemes that tend to not pay off in the long run. While it’s possible to start a small business with a relatively little financial investment, the time you invest is more precious … and you’ll never get it back. Be prepared to devote a lot of time to a new small business, and be wary of opportunities that gloss over this.

Ultimately, the best small business for you is one that incorporates your strengths and interests. Screaming banner ads may claim to know what the best opportunity for you is, but that’s just advertising. You will succeed in an investment that connects to your abilities and backgrounds; starting a business in a field you know nothing about (except that the ads looked good) is naive.

A little research goes a long way; so does consulting a business broker. Gathering as much information from trusted sources is the best preparation a prospective business owner can get. Opportunities that require large investments–of time or money–shouldn’t be jumped into hastily; take your time, inform yourself, and go in smartly.

Find a Franchise Business Opportunity

Thursday, January 18th, 2007

Excerpt from Entrepreneur.com:

“More than anything else, what most prospective franchisees want to be sure of is that the franchise you are considering is a good all-around business opportunity. We can use other words like “great” or “solid” or “reputable” to illustrate what you’re looking for in a franchise, but the bottom line is you want to know that everything needed for success exists and that there are no major flaws with the franchise.

The following checklist for determining whether a franchise is solid is subjective, but it’s based on many years of experience. If you want to know that you’re looking at a solid franchise opportunity, make sure to check the following factors carefully:

1. Responsiveness during the investigation process….
2. Direct operational training….
3. Other training….
4. Marketing programs….
5. Real estate and construction assistance….
6. Financing assistance….
7. Litigation history….
8. Financial strength of the franchise company….
9. Financial strength of the unit operations….
10. The attitude of the existing franchisees….

Read Full Article Here

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