Month: July 2019

How Do I Choose A Home Based Business

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Did you know that “home based business” and “work from home” are among the most frequently requested phrases on the search engines? I just entered the term “work from home” at Google, and I got back 4,730,000,000 results. What does that tell you? It tells you that there are plenty of websites around trying to keep up with the demand for information related to working from home. It also tells you that there are plenty of people promoting business opportunities. Network marketing, multi level marketing (MLM), and direct sales organizations and their representatives are trying to get your attention.

OK. So you have this plethora of information, you narrow it down to a few choices by sending emails or making a few phone calls, and you decide to join Company A. But wait! Wasn’t this company on TV recently for being involved in some type of fraud? So you do a little more online research, and find out that yes, your business opportunity is on the verge of a meltdown, and you breathe a sigh of relief for not being drawn in before its demise.

That’s just the best case scenario. The fact is that a large number of opportunities for the home based entrepreneur will fail, and drag down a number of poor innocents with it. Case in point: Brixdale.com. If you go to this website, what will you see? Nothing! This company was served a Cease and Desist order from the State of NY order last year, and closed up shop immediately, and the income stream that the distributors were enjoying stopped immediately. And there are many, many other stories like this.

WELL WHAT SHOULD I LOOK FOR IN A HOME BASED BUSINESS?

You may know a number of people that are very successful home based entrepreneurs, so you know that working from home is possible. Now we need to narrow it down to a business that fits your personality. So what should you look for first when evaluating a network marketing or direct sales organization? Very simply, longevity. Yes, I know there are so many more variables to consider, but longevity is a big one. And you know why? Well, if a company has been in business for over 1 year, then you know they’ve overcome a number of hurdles. If you talk to individual distributors and see that they are actually getting commissions on time and that support is very responsive, then you know you have a seasoned opportunity. We know that the first year in any long term endeavor is often turbulent, but getting through that first year means something good may come the next year.

Now if you are a belt and suspenders type of person (like me), one that puts in a little more effort to make sure everything stays in place, you would naturally want to take this reasoning a step further and reason, ‘Well… if a one year old company is good, then a three or five year old company would be even better.’ That is absolutely true.

The more time a company has to deliver products, respond to feedback, and upgrade services, the better they get at it. Take your average fast food franchise for example. How often do they upgrade their dining area? How often do they change the menu? Progressive organizations know that keeping in tune to customer satisfaction is the key to their success. Any business opportunity that you consider as a potential money maker for you should follow the exact same pattern.

There are so many variables to look at when you’re considering a home based business. Evaluating the longevity of a company first will eliminate a substantial amount of research on your part.

How To Create A Home-based Solar Energy Business

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To be a solar energy, you do not need to be a college graduate or a seasoned sales executive. All you need to be is someone with the desire to make a difference in the World, and someone who shares the belief that home solar power will make that difference. That’s it. There has never been a better time than now to create a solar energy business.

The cost of oil and natural gas continues to rise. CO2 emissions and the release of Greenhouse Gases (GHGs) are changing the climate. Vulnerability of a crumbling energy infrastructure undermines security.

The need to adopt and upgrade the American home to solar energy has never been more apparent. Emerging U.S. companies are ensuring that residential customers are afforded the opportunity to take advantage of renewable technologies through innovative solar system rental services. Companies are positioning the rental of solar panels and entire residential systems as a means to modernize the U.S. energy infrastructure, to increase global energy supplies, and to provide methods for entrepreneurs to create home-based, solar energy businesses.

Photovoltaic (PV) technology is evolving rapidly to address todays global climate and energy challenges. With the solar revolution comes unequaled opportunity. It offers excellent business growth for work from home, solar energy consultants who want to create a way forward. The following outlines the requirements to starting your own home-based solar energy business.

* Step 1 – Understanding the Solar Energy Business Offering
* Step 2 – Creating a Structure for Your Home-Based Business
* Step 3 – Registering and Completing the Associate Training
* Step 4 – Receiving Ongoing Small Business Development and Support

Home-based businesses, particularly in rural or small town settings, are helping many people achieve the balance between economic prosperity and personal well being. Home-based businesses are now recognized as a viable source of new jobs and economic growth. People are choosing to create their own jobs at home rather than seek employment elsewhere.

The home-based, solar energy business explained here has a great mission. Its grassroots goal is to spread the use of clean, renewable power as simply and as rapidly as possible. This solar rental service has removed many of the challenges associated with both the use of residential solar energy as well as the entrepreneurs wishing to start a work-from-home business.

The solar industrys dramatic expansion is both exciting and a movement worth of crafting a new small business around. A solar powered home is becoming more and more popular and finally more affordable. Many people are selecting renewable energy to run their hot water and pool heaters. All of this energy can now be produced with rented solar energy systems. Solar plants consume little or no fuel, saving billions of dollars year after year. The infrastructure would displace 300 large coal-fired power plants and 300 more large natural gas plants and all the fuels they consume.

Solar does seem about to become a major player in the energy market. Solar panels are getting cheaper. Solar module brackets, solar module frames and profile channels according to the present invention can be formed of any suitable material with the entire solar energy system packaged up for one day installations and rental options that lock in the cost of energy for up to 25 years.

Starting a home based solar energy business has many rewards and challenges. Starting a business is a big responsibility that includes commitment, professionalism, training, and self-discipline. It involves careful consideration, such as what type of competition you’ll encounter and the demand for the solar rental service you can expect. Start searching for your next dream job by investigating the options exploding in the renewable energy industry.

Want To Start A Home Based Business! First Get Your Funding Strategy Right.

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Proper Funding is a pre-requisite for the successful operation of a Home Based Business. The fact is that without sufficient funds even the best planned Home Based Business whether it is big or small is bound to fail. Cash is an important ingredient absolutely necessary to sustain your Home Based Business and run it. The capital you require will ofcource depend on how big your operation is going to be. Many businesses fail within a year or two for want of sufficient working capital.

Most Home Based Businesses dont often need much funds especially if you start on a part-time basis; nevertheless funds are absolutely necessary even if you start a Free Home Based Business.The fact that you do not have sufficient funds need not put you off from starting a Home Based Business because you can always apply for a loan.

Given below are 6 sources from where you could obtain loans and get your home based business up and running.

Credit Cards:
Many Home Based Business entrepreneurs looking around for finance are not aware of the fact that many small business owners partly finance their business with credit card loans. Just take a count of the number of credit card offers you receive in your e-mails every week! The credit cards are very convenient and easy to manage. The interest rates are of course high and you should act smart and obtain one with the lowest interest rate. Since the interests are generally high, unless managed properly it can be counter productive. Credit cards are certainly very useful for your Home Based Business if used carefully.

Personal Loan:
Every time someone wants a loan, he makes a bee line to the bank to take a personal loan. These loans are given to individual applicants based on their personal income and credit worthiness. Hence a good income and good credit rating will qualify you for a loan that you need for your business. So to Start a Home Based Business, you can apply for a personal loan. If you have an intention of leaving your job and starting a home based business, it is advisable to apply for a loan while you are still employed. In this manner you are assured of a loan and a higher amount as well.

Business Loan:
Another way of obtaining a loan is to apply for a business loan but it is often difficult to obtain for a new home based business. This is because the business has little or no equity and they don’t possess a track record of success. The interest rates are of course reasonable. In this instance you must have a business plan to obtain a loan.

Home Equity Loan:
This loan is similar to that of a personal loan but in this case you have to pledge your home or some property as collateral in the event you default on your loan payment.

The advantage here is that a large amount of money can be obtained for your home based business for a long term of 15 years or so. There are two choices, either you obtain a lump sum amount or draw amounts as and when you require money for your business.

SBA Loan:
This loan can be obtained easily by Home Based Business entrepreneurs. The SBA loans no money directly. In America this loan is backed by the US. Small Business Administration and it guarantees 75% of individual loans made by banks. Hence lending banks have less risk in the event of default.
More information can be obtained from http://www.sba.gov

Savings:
This is one popular place many Home Based Business entrepreneurs turn to when they need cash to start a home based business. Here you will get an immediate approval for your loan with no interest.

To Start a Home Based Business you don’t need a huge loan. Just because you can obtain a big loan it does not stand to reason that you should obtain one. The success of your home based business depends on the optimum loan obtained and how well you manage your financial commitment.

If you do not have the funds but have the passion, drive, determination and the staying power then go ahead, get a loan and Start a Home Based Business.

Copyright 2006 Kanaga Siva.

Find the Probability of Success for Any Online Home Based Business Opportunity

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Like baseball, if you miss all three, you are out.
You can not know what you do not know.
If it was indecision, there was something you could have done.
Peter Drucker defines opportunity this way:

“Opportunity in the market place is because of a process of convergence of forces that were previously not together.
The essential forces Peter Drucker did not individually identify as converging will be enumerated and discussed in this article.
This article will describe these five essential forces that must be in place for any online home based business opportunity to be successful.
They are universal, abstract, and independent of business type.

A simple analytical method to evaluate these essential elements and arrive at a numerical figure of merit will be presented.
You will arrive at a numerical rating for the relative strength for the Probability of Success (S) for any online home based business opportunity you care to evaluate.
This will remove emotion from the decision process.
All five forces must be present simultaneously.
They must all be in the right place at the right time to create a successful online home based business opportunity.
They are like the spokes in a wagon wheel.
Each factor dramatically affects the success of any online home based business opportunity.
If there is no convergence, there is nothing you can do to make the business a success.

Opportunity presents itself only when all these forces are in simultaneous alignment.
The order in which they are presented is no indication of their relative values.

This method is not buried in concrete.
When you finally establish a value, stick with it.
For example, if you decide leadership has a maximum value of 2 or 5, stick with it on any online home based business opportunity you wish to evaluate.
In this case, Leadership has been arbitrarily assigned a maximum value of 2.

1.
A viable online home based business opportunity must have very deep pockets or be owned by a company with very deep pockets, preferably a parent company that has already gone through the growth cycle and has the funds to support the new growth.
Products (D) (Maximum = 20)

Leading Edge Product Technology (Maximum = 5)

R&D

Proprietary (No other place to get it)

Competitive

Product Quality (Maximum = 5)

Quality, like Reliability, must be built into the design and process.

Product Fills a Recognizable Need (Maximum = 5)

There should be a clear need for your product or service.
There may be very little demand for 78 rpm vinyl records.

Trends (R) (Maximum = 20)

Demographic Trends (Maximum = 10)

As individuals, we can not create a demographic trend.
The “Baby Boomers” are the largest market in history.
When the first of these babies were born, a powerful demand for baby products materialized.
As these babies started shaving, Gillette started making huge profits.
As these babies began to have babies, the Mini-Van became desirable.

Economic Trends (Maximum = 10)

Individuals do not create an economic trend.
Real estate is sensitive to interest rates.
Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number.
If your online home based business opportunity is immune to economic trends assign a high number.
In an online home based business opportunity, the mantra is Timing, Timing, and Timing.
Timing, like trends, is also beyond your control.
There is nothing you can do to improve timing.
If timing is present assign a high number based upon the following criteria.
Formulation Phase: (Maximum = 20)

This is the phase where research and development are just completed.
This region is characterized by slow, deliberate growth.
It is defined as the region of the growth curve where income from sales is less than $50 million per year.
It requires forethought and knowledge.
It requires due diligence on your part to study the online home based business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture.

B.
This is the point which will determine ” When”.
From this point onward, the curve rises ever so steeply.
If you are not on board at this time, your online home based business opportunity will quickly leave you behind.

C.
If you have exercised your desire, ability, and motivation, you have already become a participant before your online home based business opportunity reaches momentum.
There is nothing you can do to stop the momentum which is now building beneath you.
It is like a giant wave that carries you to the pinnacle of success.
For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again.
If you find your online home based business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
Stabilization

This is the area where the exponential growth has died out.
Sales are good, but sales are not increasing exponentially.
The curve is relatively flat, and growth has slowed to a value similar to the development phase.
It is passed.
There is no online home based business opportunity.

Compensation (K) (Maximum = 20)

Leverage (Maximum = 10)

If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income.
You will get by, but you will never get ahead.
That is done by leveraging yourself.
Paul Getty stated this clearly when he said:

“I had rather have one percent of a hundred people’s efforts than 100% of my own efforts”.
g.
If you can leverage yourself, assign a number closer to 10.

Override (1)

If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.

Residual (2)

If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.

Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above).
The only thing you will do is evaluate each ingredient and assign it a strength value.
Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above.
) You have determined all the values for C, D, R, T, and K.

Add up all five of your separate evaluations.
Let M be limited to a number between zero and one with zero being the worst case and one being the best case.
Determine this multiplier number by self-evaluating your desire, ability, and motivation.
Too many people say “I don’t have the time.
Successful people do not have time—they make time.
But unto thine own self be true.
The probability for success is 100 percent.
It is no longer a question of “If”.

Get on board this online home based business opportunity fast

Use this procedure one each online home based business opportunity that you wish to evaluate and compare.

To find out more about an opportunity please check out this website: http://tinyurl.com/3hc6gmr

Top Home-Based Health-related Businesses – an authentic Employment opportunity!

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The home based Health-related Businesses have been raising exponentially. The development of health care businesses are due to rapid penetration of different varieties of deadly diseases and victims of diseases having become more exposed how you can survive and health care insurance afford them the ability how to face costly treatment. The actual end result of various treatments has produced more occupations both regular and work at home jobs.

Among different kinds of professions therapeutic massage, medical billing and coding, and medical transcription will be in popularity where skillful candidates can earn lots of money sitting at your home. Here, the discussion from the above work at home professions shows up below.

Therapeutic massage Business: This is usually a quick home based opportunity to build you within a short time and will collect customers immediately. You’ll be able to complete training either preparing to campus or online training. The period of training starts from Six months time to 2 years. After completion of training you will probably be supplied client list, you could start your own business and earn lump sum amount. Some institutes like Arizona School of Therapeutic massage – Phoenix, Apollo College – Mesa, Concorde Career College – San Diego, Everest College – Alhambra, Kaplan College – Vista etc are giving superb teaching on various courses both offline and online. These institutes take care of successful students for future income opportunities.

Medical Billing and Coding Business: This business is becoming very popular opportunities using the rise of heath care business because heath care insurance carriers require proper billing with coding for reimbursement of expenses. A few of the institutes like Kaplan University – School of Health Sciences – Online, University of Phoenix – Birmingham – Various Locations, Everest College – Phoenix, Concorde Career College – Garden Grove are conducting wonderful training programs. It starts from certificate amount of education (9-12 months), 2 years associates degree programs and 4 years bachelors programs. The institutes will guide and gives best employer after successful completing course. Here, you can receive close make contact with by using patients and doctors. You could connection with local health care centers or physicians in practice and tell them skills, qualifications and confidence you have acquired.