Everyone Should Have A Small Business!

A small business is very important in today’s economy. Back in the 1960’s it took only one stream of income to survive. Today, if you are not working two are more jobs, your broke. The cost of living has sky rocketed and most of the world can not keep up.

This brings us to a common solution. Start you own personal service business A/K/A A Small Business.

Most people start a small business by default. Take Jakie for example. She is a mother of 3 kids who is a stay at home mom. She loves to bake cookies. One day she opened her window and there was a fair passing by her house. Someone looked in and asked her how much was for one of those cookies. Now Jakie did not have any intention to sell those cookies. She gave the kid it for free. The the kid went out and shared the cookie with someone else. The came back with five other kids who wanted to try the cookies. This gave Jakie an idea. I can Package these and sell them for $0.99 each. That lead her to start a cookie business from her home. Today she has a book, a infomercial and a website that makes her residual income.

Could you see yourself following in Jakies footsteps sometime in the future?

The time to start a personal service coorporation is now. Take the time to figure out what you like to do. Create a short term action plan and then take action today. Do not wait for a second, because we all have the same amount of hours to live each day. It’s what we do with those hours that matter.

Most people decide to sell there information and get paid for it. Others write a book and get residuals from it. The choice is yours. The most important thing is that you get started today and make the best of your new business. After operating your busines for six months, you might want to consider expanding. Get someone you can train to do what you do and double your efforts. Duplication will help you set your business on auto-pilot. Good Luck.

Small Business Ideas – Avoid This Pitfall When Starting Your Own Cookie Business

Unfortunately, there are many small businesses that will fail miserably each year. If you own your own business or are looking to start your own small business, then this is probably the top thought on your mind. Nobody wants to fail. Nobody ever wants to admit defeat.

Especially when you know that you have a great product that you are trying to sell. In the cookie business especially, it almost seems random why one cookie company should succeed and another one should fail. So what is the largest step you can take to avoid seeing your company sink like a stone?

Don’t offer too many varieties in the beginning.

You may be thinking that the more choices a person has in cookies, the better. However, that can actually spell trouble for a fledgling business. Let’s say for example that you start your business off with 30 different kinds of cookies. While they all take the same basic ingredients, the additives, which can become very expensive, are all varied in each cookie. In essence, you spend a lot of your money on these extras, and you aren’t even sure that your customers will like them. You may offer 30 varieties, and only 15 sell out. You are left with a lot of stale cookies and wasted money.

So offer no more than 5 varieties at first, and then offer a new cookie every once in a while to add to your menu. That way, you can put tester cookies out to ensure it is something your customers would want to buy. If you follow this simple guideline, then keeping your business afloat should be no problem at all.

Succeeding In Family Business: Tips To Remember

It may be hard to work and live with the same people. Your family members are usually the closest people to you in life. When you work with them, it often becomes hard to determine where to draw the lines. It is sometimes difficult to separate work from personal life and even more difficult when your personal life is involved with your work.

The most important thing to do would be to set boundaries. Keep work talk at work and home life at home. If you mix the two, it can often create animosity both in the home and in the office. If you’re going to have to discuss business matters, at least save it for an appropriate time. A time should be set aside for specifically discussing business matters, (and not during dinner). Having meetings to discuss business issues is very important, but the setting does matter.

If your children will be joining a business that you have developed previously, it is important that they have experience working outside the family business first. This way, they will know what to expect from a professional (and non-related) work atmosphere. It’s also important not to hire children, or any other family members for that matter, out of sympathy. Although you may be “doing them a favor,” you still want to be sure they have the skill and experience to fulfill their role in the business. It would be even worse if you had to fire a family member due to lack of skill, wouldn’t it?

Make sure that responsibilities and duties are clearly assigned to each employee in order to avoid overlap. Each person should have certain tasks they are responsible for so that, at the end of the day, no one can play the blame game. Clearly identify leaders as well as particular strengths and weaknesses of all employees. While various family members may be qualified for similar tasks, divvying up the duties should help to avoid conflicts. Big decisions should, of course, be made together. However, a debate over each little move made will begin to break apart the family.

Family businesses can be extremely successful if you operate them correctly. For example, Matt Siegal helped his father, Sanford, to expand his cookie business (Dr. Siegal’s Cookie Diet) into a retail operation. “I’m an eternal optimist; I think every new idea will work out great,” says Matt. “Dad’s more of a pessimist, or a realist, as he calls himself.”

When Matt saw great potential for his father’s small business to grow significantly by adding a retail division, he became immediately enthusiastic about the idea. “‘Of course, Dad had to weigh the options carefully and consider any possible pitfalls,’ says Matt, knowing his father would take the more cautious approach. In the end, after some due diligence, the elder Siegal agreed. Matt sold his software company, joined his parents in the cookie business, and the company took off.” The cookies are now being sold at Walgreen’s and GNC as well as through their website.

Family businesses can be a great idea and generate great profit. As long as everyone feels that they are contributing and being treated equally and with respect, things should run smoothly. A successful family business creates a happy family!