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Where do I get the money ?

The paradox Of business  is that it takes money to make money. So the biggest question of all entrepreneur’s head is “Where do i get money?” More importantly, ” How much do I need?”   As a Rule, You must raise enough money to sustain the business From six Months to a year, to keep things going while you are introducing your brand to the market.  So where to start finding funds?   Personal Savings.  This is the first and the most easily available source of funds.  Provided you have savings, It has no strings attached, Because no one is coming to collect any debts or interests. Personal Sale.   Savings can only go so far, and for many of us we don’t have much savings to speak of.  So take a good look at your stuff and determine which items could be sold for capital. Hold a garage sell online, or enlist with free ads papers. Borrowing from friends and family.  Relatives are generally not out to make a profit, and paying them back is a bit more convenient, giving you some financial flexibility. But money matters can strain personal relationships, so clarify things and put everything into writing for everyone’s peace of mind. Set a time frame and conditions for the payment in terms agreed to by everyone. Business loans.  While the banks hold the biggest amount of funds, they are also one of the most difficult sources to approach for start-ups. Banks will need convincing that you have money or will have the money [...]

Where do I get the money ?

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Posted by sa0sin16 - May 6, 2012 at 2:23 pm

Categories: Business   Tags: , ,

Buying a Profitable Business instead of starting one

Buying a profitable business.   Look for a competitive advantage. “The business has to have something that makes it unique.” As for specific business opportunities, keep an open mind. “It’s a good idea to buy a top business in any industry, even if the industry overall is struggling,” he says. “When there’s a shakeout, those that survive are the winners.” Once the deal is done, retain the seller as a consultant and hire a good manager, because even the best businesses will fail if they are mismanaged. And, of course, be careful to retain the best employees. “You need someone really good in the product area, and someone who really understands the marketing,” he says, “and then you want to compensate them well.”   The Small Business Administration puts the failure rate of startups between 50 percent and 60 percent; but it’s closer to 85 percent for those who buy in hopes of a turnaround, according to a Northeastern University study. Buying a profitable business, on the other hand, is another matter entirely. You’ve got cash flow from Day One, an established reputation and, if you’re lucky, a seller who will help finance the deal, says Ted Leverette, president of “Partner” On-Call, a franchise based in North Palm Beach, Fla., that matches buyers with sellers of small and midsize businesses. -Source Good Buy |start up | Entrepreneur.com Author – Jeniffer Wang  - Jennifer Wang is a staff writer at Entrepreneur magazine in Southern California.

Profitable Business - "The business has to have something that makes it unique."

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Posted by sa0sin16 - April 27, 2012 at 10:39 am

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How to Start Your Own Computer Biz

How to Start Your Own Computer Business Computers can be used in paperwork, research, communication, and entertainment. Many businesspersons are establishing computer rental shops with Internet access due to the increasing need of computer usage. Even those who are not so familiar with computers attempt to build computer businesses. The following are the steps on how to start a computer business: Business Requirements: – Computers – business plan – Capital Establish the budget. The amount of capital needed to invest must be enough to start the business. Plan what items need to be purchased. Calculate the rent, the utilities and the salaries to be paid out to the staff. Prepare a scheduled plan of payment for six months. To be safe in preparation, include the expenses of the first three months without calculating the profits to be made. Think about the location. The business’ location must be easy to find and the area must be accessible to foot traffic. A place where computer use is in-demand and the competition is low is preferable. For example, a location near schools or universities, offices and shopping malls is such a good spot. Consider the hardware. Try to obtain high-end desktop computers and LCD monitors. Computer technology advances rapidly, with high-end components becoming obsolete rather quickly. To remain competitive in the computer rental business, starting out with more advanced computers will in the long run lessen your upgrade costs. Using LCD monitors will lower your utility costs. This is because LCD monitors consume [...]

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Posted by sa0sin16 - April 27, 2012 at 9:56 am

Categories: Business   Tags: ,

How to run your own Boarding house

Steps on how to run you own boarding house  Providing transient lodging is not just about having ample space – – a flair for consistent service and people management are crucial to this business   The more basic considerations that a would be owner of boarding house or dormitory should consider the following:   1. Location – Like any other business, you need to set up shop at the best location.  A boarding house should be near to public interest such as chrch, shopping malls supermarkets, and eateries. facility must also be accessible to public transport, ideally it should be just a few meters away  from the train stations, jeepney or tricycle. 2. Design and space management – Bedrooms should be desing for single, double, or quadruple occupancy. Depending on its size, a room can even accomodate up to eight boarders. As a bathrooms, high-end dorm will require individual ones. Entrance and exits and fire exits should strictly follow building codes and fire regulations. 3. Furniture and Fixtures – Dormitories typically uses bunk beds, allowing more people to occupy the same room thus maximizing the available floor place. Never use Ceiling fans in rooms with bunk beds, Instead use stand fans. MAke sure that lamps, doorknobs, faucets and other fixtures reman good condition. 4. Staff – Hire a caretaker to occasionally do a more cleaning to facility. To handledormitory operations, you’ll need a manager, as well as a stay-in supervisor, an accountant, and a clerk. Depending on the size of the building [...]

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Posted by sa0sin16 - April 25, 2012 at 2:16 pm

Categories: Business   Tags: , ,

11 hot ideas Food and Beverages

 Community hangouts  Don’t panic; it’s organic Theme Restaurants The new Food truck The Expat factor Food tours Secret Menu Relaxation Drinks Urban Farming Homemade, to your doorstep Build and Sell

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Posted by sa0sin16 - April 13, 2012 at 8:14 am

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How to make halo-halo business

Halo halo is a popular Filipino dessert that is a mixture of shaved ice and milk to which are added various boiled sweet beans and fruits, and served cold in a tall glass or bowl. This Filipino concoction is quite popular during the hot summer months of March to May. Although referred to as a dessert, it’s actually more common to eat it as a stand-alone snack, especially in the middle of a hot afternoon. Makeshift stands are set up all over by people selling halo-halo. The ingredients are laid out on a table and the customer gets to choose which to have added to his or her order. The dessert exemplifies the “east-meets-west” culture of the Filipinos, with the ingredients used coming from a wide variety of influences (to cite some examples: red mung beans which are from the Chinese, garbanzos from the Indian, leche flan from the Spanish, and shaved ice itself which was introduced to the islands by the Americans). Halo Halo #1 1 ripe large banana 2 ripe mangoes or 1 cup canned ripe mango 1 cup firm gelatin set into gel and cut into 1/2-inch cubes 1 cup canned ripe jackfruit 1/2 cup sweet corn or chick peas (garbanzos) 1 cup young shredded coconut, fresh or canned 1 cup cooked sweet yams or (ube halaya) glutinous purple yam, cut into 1-inch cubes 2 cup shaved ice 2 cup milk 4 scoops of favorite ice cream 1/2 cup chopped peanuts or rice krispies Preparation Peel mangoes [...]

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Posted by sa0sin16 - April 2, 2012 at 7:46 am

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