Establish a strong company culture. What makes a great culture? What are some of the building blocks? You can see our list of 10 examples of companies with great cultures, but keep in mind that you don't need to have Google's crazy office space to instill a positive atmosphere. That’s because a great culture is more about respecting and empowering employees through multiple channels, including training and mentorship, than it is about decor or ping-pong tables. In fact, office perks can turn out to be more like traps than real benefits.
Español: diseñar un plan de negocios básico, Русский: составить элементарный бизнес—план, Italiano: Scrivere un Business Plan Basilare, Português: Escrever um Plano de Negócios Básico, Deutsch: Einen Businessplan erstellen, Français: rédiger un plan d'affaires, Bahasa Indonesia: Menulis Rencana Bisnis Dasar, العربية: كتابة خطة عمل أساسية, Nederlands: Een eenvoudig bedrijfsplan schrijven
To qualify for additional small business loans with OnDeck, you will need to remain current on any existing loans. OnDeck provides discounts to repeat borrowers in the form of reduced fees and lower rates. For future loans, the application process is also simpler because OnDeck already has most of the information about your business necessary to qualify you.
As angel investor and tech-company founder Tim Berry wrote on Entrepreneur, "You can probably cover everything you need to convey in 20 to 30 pages of text plus another 10 pages of appendices for monthly projections, management resumes and other details. If you've got a plan that's more than 40 pages long, you're probably not summarizing very well."
It’s a great way to achieve freedom in your life. Not only does copywriting allow you to work remotely, but it also allows you to control your schedule. Plus, learning the skill itself will help you in many areas of online business (i.e. building a blog, affiliate marketing, etc. – when you can write in a compelling way, all of these become much easier!)
Another option is to open a franchise of an established company. The concept, brand following and business model are already in place; all you need is a good location and the means to fund your operation. Regardless of which option you choose, it's vital to understand the reasoning behind your idea. Stephanie Desaulniers, director of operations and women's business programs at Covation Center, cautions entrepreneurs from writing a business plan or worrying about a business name before nailing down the idea's value.
Starting any business has a price, so you need to determine how you're going to cover those costs. Do you have the means to fund your startup, or will you need to borrow money? If you're planning to leave your current job to focus on your business, do you have money put away to support yourself until you start making a profit? Find out how much you're going to need.
2. InboxDollars – InboxDollars is similar to Swagbucks, since you’re going to be taking surveys, shopping, etc., so if you want to maximize your return, sign up with both websites. They also offer a search engine that pays you (like Swagbucks) and you get $5 just for signing up. I won’t continue to list survey sites one after another down the list, but if you want to get paid to take surveys, also check out GlobalTestMarket, E-Poll Surveys and Survey Club.
If you need financial assistance, a commercial loan through a bank is a good starting point, although these are often difficult to secure. If you are unable to take out a bank loan, you can apply for a small business loan through the Small Business Administration (SBA) or an alternative lender. [See related story: Best Alternative Small Business Loans]
If you're at all interested in starting your own online business, there's no time like the present. We live in a golden age of wealth. As much as the media tries to glorify the perils of our society, we actually live in a time that's ripe with opportunity and the potential for monumental business growth at a scale never before experienced. Thanks to the internet and smartphones, the amount of commerce being conducted online has experienced explosive growth.
During my long search for an online business, I found a network marketing company that’s just about to do its public launch. It was set up specifically to run online. In this way, you can contact only the seemingly endless supply people that have already shown interest. You don’t have to worry about those dreaded headaches of old-style network marketing. Because it’s built into the process members are freely interact, communicating and supporting each other openly online without asking whose team they are on. With the network marketing business model and the vast market on the internet, I think that a lot more people will find this option appealing.
I know what you're thinking. How do you start a webinar business? Well, webinars are quite possibly one of the best ways that you can sell anything online. The best part? You don't even need your own product. Webinar guru, Jason Fladlien, co-founder of Rapid Crush, has grossed well north of $100 million in sales via webinars, which goes to show you the sheer power of this medium for selling.
Although SmartBiz offers the easiest SBA loan process we have come across, it can still take up to 30 days to get funded and has higher minimum requirements than other loans. For a larger loan up to $500,000 and funding as soon as the next day, consider applying with OnDeck instead. If your business needs fast funding for a smaller amount, then Fundbox may also be a better alternative.
Investors and bank loan officers will likely want to see a more formal, professional business plan that reflects careful planning and forecasting. If you are looking for a business partner or other interested party, you may choose to reflect more of your business and personal ethos in the business plan. Err on the professional side, however, when putting together your business plan.
Third, you can try out LivePlan’s Pitch feature. Just answer the questions it asks and click “publish,” and you’ll have a professionally-designed, one-page business plan that is easy to share and covers everything an investor wants to know. Another good option is to follow my colleague Caroline Cummings’ advice and write your business plan like it’s a series of tweets (seriously, it works).
Domain name trading has been around for the last couple decades, and while most slam-dunk names have long been sold off, there’s still plenty of others that you can get your hands on for relatively cheap and broker as a way to make money online. Before you dive in, however, beware that some experts doubt the long-term viability of this idea for making money online. However, there’s always the chance you might just land on a lucrative domain name for a future billion-dollar company. To get you started, here are some tips from GoDaddy, arguably the world’s largest and most famous repository of domain names.
The audiobook industry is booming, yet only 5% of books ever get made into audio format. If you’ve got a background in acting, or if people have said you’ve got a voice made for the radio, you can make extra money recording audio versions of independent and popular books. Sites like ACX connect authors with audiobook performers. So, whether you’re an author looking for more ways to sell your book, or an actor/voice actor looking to make some extra income, you can sell your services online.
Has anyone ever told you you have a voice for radio? Are you great at creating original characters with just your voice? There are tons of people looking to pay for quality voice overs for their corporate videos, animation series, or educational videos. Check out Fiverr and UpWork or create a profile on a specialized site like Voices.com or The Voice Realm to get started making money online doing voice overs.
One of the online world’s hottest professions at the moment, this business is a gold mine for the tech-savvy entrepreneurs. While everyone’s slightly obsessed with getting their sites SEO optimized, not many people can actually wrap their heads around this topic. If you decide to go into this field, you can think about offering link building, content creation, on-page SEO optimization, and similar one-off packages.
Then, once they have a new customer, they understand how to retain them. You've probably heard many people state that the easiest customer to sell to is the one you already have. Your existing customers have already signed up for your email list, added their credit card information to your website and tested what you have to offer. In doing so, they're starting a relationship with you and your brand. Help them feel as good about that relationship as possible.
Write the executive summary. This section is written last and should be no more than two pages. If you are writing a very short business plan, your executive summary may be just a paragraph, or you may forego it altogether. The executive summary is essentially an overview of your company, your uniqueness in the marketplace, and a brief description of the services or products to be sold. You will also include an overview of your financial projections, including your expected revenues, profits, and expenses for the next five years. If you are seeking funding, you should outline this briefly as well, describing the exact amount of money you seek and how it will be used.
For example, you might write: "Ultimate Kid Granola Bars (UKGB) is a limited liability corporation registered in the state of California that will provide quality healthy baked goods to schools in the Sacramento area. Created in 2008, UKGB has received numerous awards, including Best Small Business in Sacramento and Best Granola Bars from Healthy Foods Magazine. Our granola bars are made from all natural, locally-sourced ingredients and will healthy foods to local children."
If you’re thinking about starting your own home-based business, the available options can seem overwhelming. What type of business is the best fit for your background, skills, and interests? If you don’t have a lot of initial capital to invest, which ones can be started at a low cost? And, most important, which home business has the best chance of succeeding, especially with the U.S. economy still on the rebound?
Ever try to fit a sheet of plywood into the back of one of those new compact SUVs? Then you know why the demand for hauling services is on the rise. Besides the size issue, there’s the whole issue of things that people don't want to haul in their own shiny vehicles, such as yard waste or loads of compost for the garden. All the things they don't want to or can't haul could be money in your pocket.
Starting a podcast, like making a YouTube channel or blog, comes down to telling interesting stories and building an engaged audience. I’m probably sounding like a broken record by now, but you need a niche that you’re interested in and there’s already a demand for. Come up with a list of topics you’d like to talk about and then search iTunes charts, Google Trends and other podcast research sites like cast.market to see what’s currently out there and popular.
Ebay is a bellwether. It's been around since nearly the start of the online boom. But, like any other platform, success can seem fleeting if you don't know what you're doing. Selling items on eBay, professionally that is, can be an art form. Getting people interested in your auctions isn't always easy, especially when there's hefty competition and low demand for what you're selling.