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12 Free Tools For Starting a Home Business With No Money
Want to start your own home business but short on cash? These proven and expert 12 free tools can help you make the move from corporate life to calling the shots. By Bruce Scher Home business ownership is the best way to start any...
6 Ways Small Businesses Can Survive In A Crazy Economy
Contrary to popular belief, small businesses can survive a crazy economy by taking some proactive steps. 1. Provide spectacular customer service -- every time. Have a friend or colleague visit your business and provide feedback from a customer’s...
Buyer Beware Business Opportunity Scams Abound
Most business opportunities are not worth investing a penny into. The ones that are generally are called Franchises. The value in a franchise is that it comes with the branding already done for you. People will recognize a Subway or McDonalds no...
Don't Let A Home Business Cost You Your Family
Does the title of this article sound funny to you? To some, it may not only seem funny but downright silly. To others, it may be offensive also. On the surface, it does sound like a funny topic for an article. When we look deeper, it can be a very...
Start A Business For Under $100
There are a multitude of magazines and websites devoted to the sprit of Entrepreneurs, who by the way provide almost seventy percent of private sector jobs. The dream of almost every employee is to fire their boss, and start a business of their...
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Why Small Businesses Fail
Success in business is never automatic. It isn't strictly based on luck - although a little never hurts. It depends primarily on the owner's foresight and organization. Even then, of course, there are no guarantees.
In his book Small Business Management, Michael Ames gives the following reasons for small business failure:
1:Lack of experience
2:Insufficient capital (money)
3:Poor location
4:Poor inventory management
5:Over-investment in fixed assets
6:Poor credit arrangements
7:Personal use of business funds
8:Unexpected growth
9:Competition
10:Low sales
More Reasons Why Small Businesses Fail
These reasons aren't meant to scare you, but to prepare you for the rocky path ahead. Underestimating the difficulty of starting a business is one of the biggest
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obstacles entrepreneurs face. However, success can be yours if you are patient, willing to work hard, and take all the necessary steps.
On the Upside
It's true that there are many reasons not to start your own business. But for the right person, the advantages of business ownership far outweigh the risks.
You will be your own boss.
Hard work and long hours directly benefit you, rather than increasing profits for someone else.
Earning and growth potential are far greater.
A new venture is as exciting as it is risky.
Running a business provides endless challenge and opportunities for learning.
About the Author
Stuart Billings is a small business owner, author and investor. Find out more about starting a business at http://www.free-business-resources.com.
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