Start Your Business NOW! – The 8 Keys to Success

July 23, 2013

We’ve noticed that a growing number of readers of Homepreneurs blog are taking the time to visit Jeff Williams Homepreneurs page on bizstarters.com.

But, we also notice that some of you are holding  back on registering to join Jeff on August 1st when he launches his special Start Your Business NOW! Start-Up Program just for Homepreneurs readers.

To show you even more clearly exactly how the Start NOW! program guides you to successfully launch your new business, Starting today, Jeff will be sending out a series of eight posts on  Homepreneurs blog, each describing one of his “8 keys to success”.

Here’s the first step.

You must connect to the marketplace.

There are four basic parts to this process, which combines your experience,skills and personal interest into one written planning document describing your marketing strategy.

You need to be able to describe:

1. Exactly what you will sell.

2. What problem you will solve or need met with what you want to sell.

3. Your solution to the problem and why it is better than your competition’s offer.

4. Who is most likely to pay for your superior solution, and the main benefits they receive from doing do.

If you want to share in this street-smart. award-winning business planning process that will guide you through each of the eight key steps, you need to register for Jeff’s special Start Your Business NOW! Start-Up Program, starting on August 1st.  For more information and to register, click  http://www.bizstarters.com/homepreneurs.html

Come back to Homepreneurs Blog tomorrow to share the second key to success.

Homepreneurs.  New Day.  New Opportunity.

Vintage Handbags


176 Ways to Find a Great Business Idea – Get your FREE Ebook

July 8, 2013

Our new collaborator, Jeff Williams of Bizstarters, is pleased to offer each member of the Homepreneurs Community a free copy of his very popular ebook: “Earn Big From What You Already Know” in which he presents 176 different ways to turn your experience and interests into a fun and highly rewarding new business.

This month Jeff is celebrating twenty-five years coaching new entrepreneurs and he wants to give YOU a present!

He’s offering his award-winning Start Your Business NOW! Start-Up School at a special low price to celebrate his business anniversary.

To request your free ebook and take advantage of the anniversary special, go to

http://www.bizstarters.com/homepreneurs.html

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How To Turn Your Hobby Into A Great Business

July 1, 2013

by Jeff Williams
Bizstarters.com

The number one ground rule that I advise my clients to set is: pick an activity for your business that you love doing.

The way some folks assure that they will be starting a business that they love is to convert a hobby into a profit-producing enterprise.

This can be an intelligent way to get started, but first you should answer some key questions.

Read the rest… http://www.bizstarters.com/hobbytobiz.html

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We’re Pleased to Join with a Start-Up Pro

June 26, 2013

You’ve asked for help with starting a home business, and I am pleased to respond…

Over the past few months, I’ve received a number of requests from members of the Homepreneurs community on how to get advice and expert help in planning a new business, step by step.

In keeping with Homepreneurs mission of sharing the most practical how-to tips and techniques with our readers, I approached an entrepreneurial friend in the Chicago area for his expert input.

Jeff Williams is Chief Coach for Bizstarters.com, selected by Kiplinger’s Personal Finance magazine as “The Best Entrepreneurial Guide”. Jeff and his network of expert business start-up coaches have been guiding new entrepreneurs for the past twenty-five years…more than 4,000 to date.

When I shared your requests with Jeff, he suggested that we start our new relationship with Bizstarters by presenting four how-to articles he has written, describing in detail how to use your connections, ideas, expertise and hobby interests to identify a business idea really well suited to you.

Starting in the next day or so, I will post the first of the four articles, followed each day by one of the remaining three articles. All articles include a link to the Bizstarters website where you will find a diverse selection of business start-up tips, checklists, podcasts and valuable online links.

Jeff is celebrating twenty-five years of being his own boss, and you will find a special offer on his website: bizstarters.com

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Reasons Every Startup Should Blog

May 29, 2013

homepreneurs:

Are you a startup? Start with a blog!

Originally posted on CAHOOTS:

start up blog

A blog is a great way to open up the dialogue between your startup and the online community.  It is something we (Cahoots) have been doing for a few months now while we refine our concept and product.  Our blog has been a fantastic tool, asset, and outlet for us.  We are attracting a growing audience to engage with on a regular basis. As it turns out the biggest advantage isn’t the traffic, it’s the thought, research, feedback, and encouragement that blogging gives us.  Therefore, we recommend blogging as a cornerstone to any startup.  Here’s why:

1.  The Edge: As of December 2012, there are over 634 million websites (Pingdom).  There are an average of 150,000 new websites and 7.3 million pages added to the internet everyday. A blog is just one more way to get an edge and stand out from the competition. Research has found…

View original 513 more words


Never try to run a business you don’t understand

April 4, 2013

homepreneurs:

Advice from The Accountinator

Originally posted on Accountinator:

I’ve seen one or two deals that offer systems to get rich quick.  Too many of these are on the web.  It sounds enticing.  Work two hours a week from home, and soon you’ll earn a few thousand dollars a month until you can quit your day job.

I’m all for getting rich quick.  I’m also all for getting rich slowly.  However, I don’t think anyone can build a business without first understanding it, not to mention putting in really hard work.  To run a business, you must fundamentally understand how it makes money:

“I’ll tell you why I like the cigarette business. It costs a penny to make. Sell it for a dollar. It’s addictive. And there’s fantastic brand loyalty.” – Warren Buffett, Barbarians at the Gate.

Duty Free @ Schipol Airport
Who are your customers?  What are the products?  How do you make the products?  How much do they cost to make?…

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10 Steps From Idea To Business

June 11, 2011

In our research, we sometimes come across articles that are incredibly useful while simply stated.  This one – written by David Ronick- is exactly what a want-to-be entrepreneur needs.  A simple step-by-step plan to take a business from an idea to a working operation.

Even successful startups would find Ronick’s information helpful and valuable.  Were any key steps missed that might cause problems later?  What lessons would I pass along to others interested in similar activities?  Which of the steps went well and what needs additional focus for the next phase?  Excellent advice and lessons from one who has been there and done it very successfully.

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10 Steps From Idea To Business

By David Ronick

Some of the most important things in life don’t come with instruction manuals: homes, spouses, kids and startups are a few. That’s why I created this startup road map. Inspired by the lean approach often favored by today’s tech entrepreneurs, the principles apply to any industry.

1. Come up with an idea

Pick an idea that fits your passions, goals, strengths, resources and tolerance for risk. But keep in mind that your initial idea is just a hypothesis. Don’t fall in love with it just yet.

2. Think through all angles

 Evaluate the opportunity like an investor would—in an objective, thorough, analytical way. Who are the customers and what do they need? How big is the opportunity? Is the timing right? What will it take to execute? Is the payoff worth the risk? What’s the business model? A rough business plan is a great way to make sure you’ve covered all your bases. Here’s a free tool you can use to make sure yours is comprehensive.

3. Get feedback

Find people who know the market, the business model, the competitors and predecessors—people who have been there, done that, and can help you understand what works and what doesn’t in the real world. Also, talk to customers—people in your core target market—and find out what they think about your hypothesis. You’ll learn lots more once you get a product to market, but this initial research will increase your chances of starting out on the right path.

4. Respond to feedback

Make any necessary changes to your business plan, product, and go-to-market strategy. Run some numbers to get a sense of how much capital you’ll need to reach key milestones. Develop an implementation plan with your most important goals over the next few months, and determine whom you need on your team to execute that plan.

5. Build a basic product

When you envision the product or service you ultimately want to offer, it probably has a slick design and a full set of features. Keep that ultimate vision on the back-burner for now. Instead, strip the concept down to the bare minimum offering to address the needs of your core customers. Build that basic product as quickly and inexpensively as you can.

6. Open shop

It’s tempting to wait until your product is “perfect” to start selling it. Instead, realize “perfect is the enemy of good enough.” Until your product is out in the market, you’re flying blind, spending time and money with a limited ability to learn how customers react. Make a core product and get it to market quickly.

7. Test what you’ve created

With products in market, you can figure out how to match your offerings with customer needs. To do that, test elements like pricing, branding, features and customer experiences. Next, find a cost-effective, repeatable way to attract customers by experimenting with marketing messages, promotions, sales pitches and distribution channels. Measure the results and draw conclusions.

8. Make adjustments

Once you learn which aspects of your product and marketing you got wrong, you’ll want to fix them, of course. But hopefully you will have gotten some things right, too, and you’ll want to leave those intact. To do both simultaneously, you’ll tweak or “pivot” your approach.

9. Get ready to grow

Revisit your business plan, and update your product, team, marketing, implementation and finance strategies. Gather resources you’ll need to expand. If you intend to raise capital, this is a good time. Your pitch to investors now sounds something like, “We figured out how to get new customers for $x, and make 3$x from each one. With such and such amount of money, we can grow this big, this fast.” That’s a winning pitch.

10. Stomp on the startup accelerator

With a market-tested plan and resources in place, it’s time to expand. Make sure your team knows and believes in where you’re heading. Check that everyone understands what’s expected and that they have what they need to get it done.

David Ronick is a co-founder of UpStart Bootcamp, which aims to help founders start up smarter.

Read this article at: Inc.com.

Source: http://www.openforum.com/articles/10-steps-from-idea-to-business?extlink=em-openf-SBdaily


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