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You are here: Home > Business > Entrepreneurialism > 3 Ways To Start Your Own Business When You Haven't Got Any Original Ideas! |
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Casual Articles - 3 Ways To Start Your Own Business When You Haven't Got Any Original Ideas!
Job Search Secrets: Schedule Employer Callbacks e of these options removes the need for planning, hard work and initiative to be a success. However you go about it, running your own business will never be an ‘easy’ option. But if you take care and make the right choices it can often be a very rewarding one – even if it wasn’t your idea!There is a very fine line between being enthusiastic and being intrusive. You want to call an employer after an interview to show how interested you really are, but you definitely don’t want to become a pest.Unless the interviewer was very specific about when the hiring decision was to be made, send your immediate “Thank you” letter and then allow a few days. When you do call, you will find that either someone else has been selected or the decision is still pending.If someone else did get the job, remind the employer that you are still interested in the company and that CASE STUDY: www.av4c.com Peter worked in the family care home business, but had always aspired to start his own company. However, all the 29-year-old’s business ideas tended to revolve around the care industry – he was finding it hard to think of something t Occupational Health and Safety - Room for Improvement
As a newly appointed Principal OHS Consultant for a Justice Department I receive a number of Incident and hazard Report forms from staff working in a variety of roles. What I find alarming is that the Manager comments on many of these reports from staff show a lack of commitment to a thorough risk assessment, which in turn leads to a lack of appropriate risk management.Many comments are of a nature such as;“There are no other contributing factors” (to a back injury sustained from getting out of an office chair). “The work environment is ergonomically appropriate”. Starting their own company is a goal held by many people today - everyone wants to be the next Branson or Trump. But a large proportion these same individuals erroneously believe they can’t get started until they’ve had a startlingly original idea for a business. Undoubtedly, being original can be a real bonus – especially if you’re looking to be bought by Google in a year’s time for a few billion (as happened recently to YouTube). But if your goals are more modest – make a decent living, be your own boss – there are many ways to own a successful company without inventing the next iPod. Go shopping One of these is to find an existing business you like the look of and simply ask the owners if they want to sell. Alternatively, all sorts of companies are advertised for sale on the Internet or in the local paper, ranging from bars to factories. However, the question that always needs answering is: why is it on the market? Assuming you get a credible explanation, you’ll then need an accountant to go over the company’s books to establish its financial health, a lawyer to negotiate the best terms for the deal and possibly a commercial valuer to determine a fair price. Another option is to buy a company’s key assets, such as a patent, rather than the business as a whole. In this way you avoid any financial or legal problems the company may have, and which you would inherit as the new owner. Sack your boss The ideal business for you may be the one where you already work. After all, you’re familiar with how it operates and can probably see ways to run it more efficiently. What you need to do is approach your bosses with the offer of a management buy out (MBO), whereby you purchase a majority shareholding. But remember, you’ll still need to get an accountant and lawyer involved before you hand over any cash. Not just fried meat An ever-popular business choice for people without a ‘big idea’ is franchising. Though often associated with fast food, today there is a dizzying variety of franchises on offer. A franchise is often less likely to fail than a ‘normal’ business, because franchisees are following a business model that is proven to work and have the support of the franchisor. But at the same time they can be expensive, requiring hefty fees and royalty payments, and may provide little opportunity for entrepreneurial flair. Final warning None of these options removes the need for planning, hard work and initiative to be a success. However you go about it, running your own business will never be an ‘easy’ option. But if you take care and make the right choices it can often be a very rewarding one – even if it wasn’t your idea! CASE STUDY: www.av4c.com Peter worked in the family care home business, but had always aspired to start his own company. However, all the 29-year-old’s business ideas tended to revolve around the care industry – he was finding it hard to think of something to How to Prepare for a Job Interview >You’re just about ready to start your job search and send out your first resume. Stop! Before your send out that resume, are you prepared for the job interview? Your resume just gets your foot into the door. If you want to have a successful interview, you will need to plan. Here are some tips to guide you in preparing for a terrific interview.Know your skills and accomplishmentsProbably the most common question you will be asked is “Tell me about yourself.” Be ready to clearly present your knowledge, skills and abilities and how you can add value to the co One of these is to find an existing business you like the look of and simply ask the owners if they want to sell. Alternatively, all sorts of companies are advertised for sale on the Internet or in the local paper, ranging from bars to factories. However, the question that always needs answering is: why is it on the market? Assuming you get a credible explanation, you’ll then need an accountant to go over the company’s books to establish its financial health, a lawyer to negotiate the best terms for the deal and possibly a commercial valuer to determine a fair price. Another option is to buy a company’s key assets, such as a patent, rather than the business as a whole. In this way you avoid any financial or legal problems the company may have, and which you would inherit as the new owner. Sack your boss The ideal business for you may be the one where you already work. After all, you’re familiar with how it operates and can probably see ways to run it more efficiently. What you need to do is approach your bosses with the offer of a management buy out (MBO), whereby you purchase a majority shareholding. But remember, you’ll still need to get an accountant and lawyer involved before you hand over any cash. Not just fried meat An ever-popular business choice for people without a ‘big idea’ is franchising. Though often associated with fast food, today there is a dizzying variety of franchises on offer. A franchise is often less likely to fail than a ‘normal’ business, because franchisees are following a business model that is proven to work and have the support of the franchisor. But at the same time they can be expensive, requiring hefty fees and royalty payments, and may provide little opportunity for entrepreneurial flair. Final warning None of these options removes the need for planning, hard work and initiative to be a success. However you go about it, running your own business will never be an ‘easy’ option. But if you take care and make the right choices it can often be a very rewarding one – even if it wasn’t your idea! CASE STUDY: www.av4c.com Peter worked in the family care home business, but had always aspired to start his own company. However, all the 29-year-old’s business ideas tended to revolve around the care industry – he was finding it hard to think of something t Want a Credit Card Merchant Account? mpany’s key assets, such as a patent, rather than the business as a whole. In this way you avoid any financial or legal problems the company may have, and which you would inherit as the new owner.Who doesn’t want a credit card merchant account! This special service allows you to process credit card payments from your clients in a number of ways that can help to speedily grow your business. A merchant account has been known to double or triple business profits in a relatively short amount of time, so only if your company is poised for growth should you consider this exciting opportunity.If you currently work with a bank that you trust with your business concerns, ask about the possibility of applying for a credit card merchant account. Most companies are eager to welcome Sack your boss The ideal business for you may be the one where you already work. After all, you’re familiar with how it operates and can probably see ways to run it more efficiently. What you need to do is approach your bosses with the offer of a management buy out (MBO), whereby you purchase a majority shareholding. But remember, you’ll still need to get an accountant and lawyer involved before you hand over any cash. Not just fried meat An ever-popular business choice for people without a ‘big idea’ is franchising. Though often associated with fast food, today there is a dizzying variety of franchises on offer. A franchise is often less likely to fail than a ‘normal’ business, because franchisees are following a business model that is proven to work and have the support of the franchisor. But at the same time they can be expensive, requiring hefty fees and royalty payments, and may provide little opportunity for entrepreneurial flair. Final warning None of these options removes the need for planning, hard work and initiative to be a success. However you go about it, running your own business will never be an ‘easy’ option. But if you take care and make the right choices it can often be a very rewarding one – even if it wasn’t your idea! CASE STUDY: www.av4c.com Peter worked in the family care home business, but had always aspired to start his own company. However, all the 29-year-old’s business ideas tended to revolve around the care industry – he was finding it hard to think of something t Why Quality Assurance is Not Enough ore you hand over any cash.How can a company produce zero-defect products, boast dramatic cycle-time reductions, be certified for consistent, reliable performance...and still lose valuable customers?Doesn’t the systematic effort to reduce waste, improve yields and streamline processes lead to better service, higher profits and more loyal customers?The answer is ‘not necessarily’. Here’s why:Quality Assurance (QA) efforts such as ISO Certification, Six Sigma Quality Control and 10X Cycle-Time Reduction can lead to greater consistency, lower costs and higher speed. But these programs alone wi Not just fried meat An ever-popular business choice for people without a ‘big idea’ is franchising. Though often associated with fast food, today there is a dizzying variety of franchises on offer. A franchise is often less likely to fail than a ‘normal’ business, because franchisees are following a business model that is proven to work and have the support of the franchisor. But at the same time they can be expensive, requiring hefty fees and royalty payments, and may provide little opportunity for entrepreneurial flair. Final warning None of these options removes the need for planning, hard work and initiative to be a success. However you go about it, running your own business will never be an ‘easy’ option. But if you take care and make the right choices it can often be a very rewarding one – even if it wasn’t your idea! CASE STUDY: www.av4c.com Peter worked in the family care home business, but had always aspired to start his own company. However, all the 29-year-old’s business ideas tended to revolve around the care industry – he was finding it hard to think of something t Don't Just Answer Questions at Your Job Interview e of these options removes the need for planning, hard work and initiative to be a success. However you go about it, running your own business will never be an ‘easy’ option. But if you take care and make the right choices it can often be a very rewarding one – even if it wasn’t your idea!Many years ago, I hated what I was doing for a living and engaged a career coach. As a first assignment, she encouraged me to write down several short stories about times and events in my life where I influenced the outcome. I was stumped at first, but after a few days, I came up with over 15 pages of "stories". These were about times in my life where I not only influenced the outcome but also grew myself and bettered the existence of others around me.So what does this have to do with a job interview?If you read other books on job interviews, you'll notice they feed yo CASE STUDY: www.av4c.com Peter worked in the family care home business, but had always aspired to start his own company. However, all the 29-year-old’s business ideas tended to revolve around the care industry – he was finding it hard to think of something totally fresh. Then he came across av4c.com, an innovative recruitment service developed by English entrepreneur Neil Auty. It involves putting employers in direct contact with individuals actively looking for work (temporary or permanent). Based around a slick website, it differs from other online employment services by being both cheaper and more efficient. For example, employers can contact as many prospective employees as they choose instantly, by email and SMS. It’s therefore possible to fill vacancies within a day. Also, unlike other services, job seekers need to regularly re-register to show they are still actively looking for work. Av4c.com is operated as a franchise, with franchisees paying for the right to market the service to employers within a particular district. Finding suitable staff at short notice is only too common a problem in the care industry, so Peter immediately appreciated the advantages of av4c.com for employers. In addition, the highly automated nature of the system meant that he wouldn’t need to give up his care home work to run the franchise. He quickly signed up to become av4c.com’s very first franchisee. A disadvantage of being the first was that Peter didn’t have the benefit of a tried and tested business model to follow. For example, he would have to decide for himself how best to market the service to both employees and employers. But on the plus side, he had a free choice of area (with more established franchises, inevitably the best patches are already taken). All of which meant that Peter’s venture was very entrepreneurial, despite being based on someone else’s idea.
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