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Casual Articles - Home Biz Pop Quiz
I am often asked how long it will take to sell a home in today's market. Many parts of the country are generally enjoying a seller's market and have been for several years.Apart from the obvious factors (e.g., homes in very high price ranges have fewer buyers than $300,000 homes), a word about economic reality is in order. We have all been taught that the real
17. I accept working long hours with little or no compensation.
18. I have enough space in my home to operate a business.
19. I know zoning and licensing laws in my community and how they might affect my business.
20. I am aware of business legal structures. (sole proprietorship, corporations, etc.,).
21. I know how to maintain business records.
22. I know what insuran
Most college graduates entering the workforce today have a new bills coming in in the form of student loan payments. These student loans may have been deferred or interest-only up to now - but NOW they are coming due - Yikes!With too many loans from too many different lenders, each with different rules and interest rates, it can be very confusing. And the inte
Consider this: most successful business owners exhibit very similar traits which helped pave the way to their success.
Think of any successful business leader you admire. What characteristics do they exhibit?
Are they ruthless, focused, self assured, dynamic, real go getters, highly motivated, intelligent, very organized, have a unique vision, very detailed oriented, very aggressive, people oriented, loners, self-starters, good business sense, well educated, hard workers.
Are any of these character traits part of your personality!
Take this quiz now to see how you measure up!
Answer True or False to the following questions.
1. I've personal experience in the business I wish to start.
2. I am very organized.
3. I always sweat the details.
4. I know how to price my product to sell plus make a profit.
5. I am highly motivated to be successful.
6. I enjoy this type of work. I'd even do it for free.
7. My family supports my business idea.
8. I have enough money saved to see me through the first few years.
9. Every home based biz venture needs a business plan.
10. I am willing to work alone for long periods.
11. I'm in good enough health to endure long hours.
12. I've researched my targeted market.
13. People consider me a ball of energy!
14. I enjoy planning and then carrying out the plan.
15. I have a mentor or a friend who I query for advice.
16. I've discovered a niche inside this business market.
17. I accept working long hours with little or no compensation.
18. I have enough space in my home to operate a business.
19. I know zoning and licensing laws in my community and how they might affect my business.
20. I am aware of business legal structures. (sole proprietorship, corporations, etc.,).
21. I know how to maintain business records.
22. I know what insuranc
A chart of accounts is defined as a list of accounts used to categorize the financial transactions of a business. But if set up with thought it can be one of your most useful tools in analyzing your business. A chart of accounts usually consists of five areas – Assets, Liabilities, Equity, Income and Expenses. Some companies segregate their transactions into the a
Are any of these character traits part of your personality!
Take this quiz now to see how you measure up!
Answer True or False to the following questions.
1. I've personal experience in the business I wish to start.
2. I am very organized.
3. I always sweat the details.
4. I know how to price my product to sell plus make a profit.
5. I am highly motivated to be successful.
6. I enjoy this type of work. I'd even do it for free.
7. My family supports my business idea.
8. I have enough money saved to see me through the first few years.
9. Every home based biz venture needs a business plan.
10. I am willing to work alone for long periods.
11. I'm in good enough health to endure long hours.
12. I've researched my targeted market.
13. People consider me a ball of energy!
14. I enjoy planning and then carrying out the plan.
15. I have a mentor or a friend who I query for advice.
16. I've discovered a niche inside this business market.
17. I accept working long hours with little or no compensation.
18. I have enough space in my home to operate a business.
19. I know zoning and licensing laws in my community and how they might affect my business.
20. I am aware of business legal structures. (sole proprietorship, corporations, etc.,).
21. I know how to maintain business records.
22. I know what insuran
Employers can tell which job candidates have done company research and which ones have not. Candidates who can offer information about the organization's mission statement, growth expectations and/or major competitors are the ones who will be most likely to find themselves receiving job offers.Find out as much as you can about the company. At the very least,
3. I always sweat the details.
4. I know how to price my product to sell plus make a profit.
5. I am highly motivated to be successful.
6. I enjoy this type of work. I'd even do it for free.
7. My family supports my business idea.
8. I have enough money saved to see me through the first few years.
9. Every home based biz venture needs a business plan.
10. I am willing to work alone for long periods.
11. I'm in good enough health to endure long hours.
12. I've researched my targeted market.
13. People consider me a ball of energy!
14. I enjoy planning and then carrying out the plan.
15. I have a mentor or a friend who I query for advice.
16. I've discovered a niche inside this business market.
17. I accept working long hours with little or no compensation.
18. I have enough space in my home to operate a business.
19. I know zoning and licensing laws in my community and how they might affect my business.
20. I am aware of business legal structures. (sole proprietorship, corporations, etc.,).
21. I know how to maintain business records.
22. I know what insuran
Personal budgets are hard, right? They are complicated: you need to be a computer programmer to figure it out, right? Wrong. A personal budget can be as complicated or as simple as you want to make it, so make it simple by following the one column solution.The one column personal budget solution is exactly what it sounds like: you have one column on your budge
10. I am willing to work alone for long periods.
11. I'm in good enough health to endure long hours.
12. I've researched my targeted market.
13. People consider me a ball of energy!
14. I enjoy planning and then carrying out the plan.
15. I have a mentor or a friend who I query for advice.
16. I've discovered a niche inside this business market.
17. I accept working long hours with little or no compensation.
18. I have enough space in my home to operate a business.
19. I know zoning and licensing laws in my community and how they might affect my business.
20. I am aware of business legal structures. (sole proprietorship, corporations, etc.,).
21. I know how to maintain business records.
22. I know what insuran
You might not realise that Melbourne has a considerable number of businesses that deal in laboratory equipment. But there are at least 85 such businesses, if Melbourne’s Yellow Pages are anything to go by.And given the degree of accuracy required in this industry, it’s reassuring to that such a large number of businesses deal in this relatively small sector of
17. I accept working long hours with little or no compensation.
18. I have enough space in my home to operate a business.
19. I know zoning and licensing laws in my community and how they might affect my business.
20. I am aware of business legal structures. (sole proprietorship, corporations, etc.,).
21. I know how to maintain business records.
22. I know what insurance coverage, if any, my business must maintain.
23. I am aware of what equipment/supplies I will need and the cost.
24. I have a pay schedule set to compensate myself for all my work.
25. Being in control and responsible for my own business sounds great to me.
Well...no big surprise here! All the answers to the questions were True! If you answered True to most of the questions then you have a reasonably good chance to be a success considering all other factors, such as time, money, motivation, effort. If you answered "False" to any of the questions, this is a warning sign that this area needs to be studied closely to see what means needs to be implemented to strengthen this vital area. This could be easily accomplished through self study, extensive reading, research online, workshops, returning to school, getting good business advice from a professional in the field.
(C)2004 BB Lee
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