A potential business partner decided to enter into a relationship with you in your home based business. The next step is training them to be successful in their new opportunity. When you came into this business you were just tossed into the deep end of the pool without any help. Your mentality is if it was good enough for me, then it is good enough for anyone I bring into business. This is definitely the incorrect way to look at building a long term home based business.The foundation of any sound home based business is made up of a consistent training program. The learning curve for any business varies from person to person. They are people who require hand holding through the initial process of developing their business. You also have business partners who do not require any hand holding. You must design your training to cover the person who is in the middle of the spectrum. If you have a business built on a foundation of not training your business partner, then your home based business will not grow. You must give your new business partners roots and wings.Roots denoted solid skills and values while having wings to aspire in their home based business. The first step is a solid training program that strengthened the foundation of your business. Many home based businesses take the money and run. False promises of how fantastic the training will be. Once the check clears no phone calls are returned, the partner is left in the cold alone. The business will only work for the short term, but will fall flat in the long term. The people who are in business for the long term will invest the time and money necessary to make their business partners better.The fact that the training you received when you started was not perfect. The same training principles need not be applied to your new business partners. I once worked for a restaurant chain that told me I was in charge of my own training. I was given some company material and left to learn the business on my own. The General Manager never sat down with me to go over any of the exercises. My foundation at this restaurant was unstable and inconsistent. The managers who came in after me went through the same process. You must have a consistent training program for your new partner. The first 30 to 60 days is the most critical time in teaching your business partner the keys to success. A proven training system is the best way to put people in charge of their destiny. A well trained business partner will lead to a more successful home based business.
Best Rated Home Base Businesses: What Home-Based Business Is Right for You? Part 1
So… you are dreaming of working from home. Would you like to leave your old industry behind? Maybe, say goodbye to your boss? You know there are opportunities out there because millions of other people are doing it. Truthfully, there is a lot of argument about what is the best home-based business to run. This is because success or failure at any venture is a very individualized thing. What might be a perfect fit for one person will be disastrous for another; however, there are a few considerations that are universal and I am going to share them with you. If you follow them you will find what you’re looking for and take it from a work from home/ stay at home dad it will be worth it!Because I believe this subject deserves some in-depth discussion I have written a three part article series concerning it. This article will give you the main considerations that must be made before choosing any potential opportunity.Before you invest time and money into taking the jump into home-based entrepreneurship you must carefully analyze the opportunity and weigh it against others. Don’t make the mistake of jumping at the first decent one that someone puts in front you. Consider, just in the MLM industry there are currently 2,700 competing in the US alone! Taking a few weeks or even months to carefully education yourself in the area of home-based businesses is a smart thing to do. Make sure you do your due diligence before making any decision. It’s a sobering fact that over 97 percent of home-based business owners fail in their first two years! Here are some basic things to consider. I have shared them with many folks over the years and most have greatly thanked me for them later.Four Things You MUST Consider1) The product, Service, or Opportunity Connected to the BusinessesEverything else aside, what is the business you are looking into really about? What exactly are you going to be selling? Who are you going to be helping? What opportunities are you going to be building for others? If the business works out it will be your job. Make sure it is something you will really want to do for years to come. Is this opportunity something you can stay passionate about? If not, keep looking.2) The Start-up Money Needed Verses the Realistic Potential IncomeWhat is the realistic income opportunity? Do to the fact that millions of folks are attempting to work from home every year; there are thousands of opportunities out there they will cost you a lot of money and time, but may not have the income that is initially promised. Make sure you talk to people involved in any opportunity and see the facts concerning the income possibilities verses what you are going to have to spend to actually work the business.3) The Skill-set Necessary to Successfully Run the BusinessIf you do not have the needed skills, make sure you have a plan to get the training you need. Do this before putting tons of time and money on the line. If you are looking at joining an organization what kind of mentoring is available?Can you find the training you need through books or online?4) The Time Needed to Run the BusinessHow much time are you going to have to run your business? How much time are the opportunities you are looking at going to take? I certainly over estimated this when I took the jump. Between my family, church, and ongoing education I spend about 4 hours a day working at my home-based business. I went through three failed ventures before finding one that had the income potential I needed; and fit my skill-set and limited schedule. Map out your day on paper and be realistic about the time it’s going to take to build any new business. This easy step will save you a lot of heartache down the road.If these tips are making sense to you check out part 2 and part 3 of this article series. Rather than give you my personal opinion, or the opinion of some other so called “expert” my goal is to hand you the thought process that will lead you to what is right for you.
Your Online Home Based Business Reflects You
A few years ago I spent my professional life in what I thought was a comfort zone. This consisted of dressing in the standard “business casual” attire, commuting to work; tethering my head to a VOIP console inside a cubicle and retreading the same path back home at the end of an unfulfilled day. The unpredicted “great recession” brought an end to that dream as the software start-up venture where I worked lost customers and forced them to lay off many of us. Having gone through a corporate downsizing some years before, I had had enough. I was ready for something new. The thought of becoming an entrepreneur had always been a dream and there was no better time than now to grasp it. I knew I wanted low start up cost, low overhead, a large customer base and I also wanted to work from home or where ever I happened to be connected at the time. After much research, interviewing, calculating and recalculating I decided on a home based affiliate consulting service. Because of online home based business, I make a bit of residual income from it. But, my testimony is not the focus of this writing. The focus is what I learned from my own experience and through other people’s lives that is: WORKING FROM HOME IS AWESOME! Working on an online home based business allows me to enjoy working in the comfort of my own home. I wouldn’t be bother getting another job just to earn extra income. This would certainly help anyone who wishes to pursue a much better life.Prior to the 1990′s the phrase “Work At Home Business” invoked images of writers and accountants with stacks of 5″ ¼ floppies and 3.5″ disks. Home based artisans and craftsmen built samples and scaled-down models to amaze the potential clients. These demos of products and services and many others were hand delivered or sent via “express mail.” Then along came the high-speed networks, the World Wide Web and email. The evolution of this technology during the first decade of this millennium to where we are now has redefined the “Work at Home” and “Home Based Business” paradigm. Wireless technology is even reshaping this model as we speak. A “Work Anywhere” empowerment is available to anyone suited for this type of work environment. Down-sizing by large corporations, on a global scale, are forcing a new “breed” of workforce. “Necessity is the mother of invention” and I think we are seeing this invention/evolution take place before our very eyes. I read just today on one of the leading job-search forums that “2012 will be the year of the Personal Brand.” We’re seeing individuals marketing their skills, their ideas and their experience as products themselves. Programmers, copywriters, project analyst, designers and thousands of others are on the working end of their connection, where ever that may be, collaborating with whoever may need them.Working an online home based business, I believe has become a viable alternative for so many people. Making money is a definitely certain goal that most people are keeping achieving for. The amounts vary from business to business, though. But saving money on work wardrobe, business lunches, commuting costs, and headaches are the basics that most describe as my reasons for choosing the alternative. Having personal satisfaction, more quality family relationships, and fulfilled dreams are truly the benefits I and you can get out of this.
How to Be a Top Commercial Property Manager Today
To be a top commercial real estate property manager you need to have solid market knowledge but you also need a comprehensive set of personal skills to match the needs of the property and the clients that you work for.
Many managers will graduate from ‘residential’ property, and move into ‘commercial’ property as part of growing and expanding their career. Whilst the idea is good, there are many factors and issues involved in changing property type. Commercial property is very different and much more complex than residential property; the knowledge base required of a person providing management services is far more extensive.
I do not want to scare you away from commercial property management as a career; but I do want you to respect the skills and knowledge that you will need in the role. The fee for managing a commercial property is substantial, but with that comes the requirement for personal skill and property control on the part of the manager and the agency.
In talking about this, I am not at this time specifically bringing into the discussion retail property. Retail shopping centre management is even more complex than commercial management. The fees in retail property are for this reason generally higher than that which applies to managing commercial property.
Here are some other main skills required of the property manager in performing their daily and weekly duties.
Negotiation skills will always feature as part of the job specification. Negotiations will be diverse across many different situations including property leasing, contracts and negotiations, maintenance contractor’s, tenants, solicitors, accountants, and landlords. The commercial property manager needs to have professional skills and suitable training when it comes to these diverse negotiation requirements.
Leasing situations will arise continually from the managed properties. The larger the portfolio, the more frequent the leasing requirement. In my opinion the property manager should be well skilled in leasing structures and or leasing negotiations. In this way they can help the landlords that they act for as part of selecting a new tenants for the managed investment property.
Lease documentation will vary greatly from property to property. This then says that the property manager needs to understand the differences in leases, how to bring them about, and how to interpret them. Rent reviews, rental structures, maintenance, option terms, refurbishment requirements, and tenant covenants are all unique situations that require specialist review with each and every lease in a managed portfolio. Critical dates will arise from every lease document as part of the management process. Many an inexperienced property manager has overlooked critical dates in the leases only to find that the landlords position has weakened considerably as a direct result.
Income and expenditure analysis will occur throughout the financial year for a managed property. The income needs to be optimized, and the expenditure needs to be suitably controlled. The difference between the two is the net income and that will have a direct impact on the value of the property for the landlord. It is the property managers duty to ensure that the best outcome is achieved given the prevailing market conditions.
Tenant communications should be well maintained throughout the year. When tenants are overlooked or ignored by the property manager, relationships soon sour, hence this exposes the property to unstable rental and or vacancy factors. Keep in contact with all tenants on a regular basis. Record all communications in writing so that the necessary evidence is available if any lease situation becomes the subject of a dispute.
Landlord reporting and controls will be unique to the particular landlord. Whilst most agencies have some form of income and expenditure controls and specific reporting processes, it is up to the property manager to interpret the reports and provide the necessary recommendations. Every monthly report produced for the managed property should be carefully checked as part of the month end process.
Maintenance controls will involve essential services and maintenance contractors. The age of the property will have some impact on the strategies behind repairs and maintenance. The complexity of the property and the tenancy mix will also have impact on the maintenance activity. Every lease should allow for the permitted use relating to the tenancy. Maintenance may be part of that process and certain maintenance costs may be applied to the tenant or the landlord depending on the particular lease situations. I go back to the point that each lease needs to be fully understood by the property manager.
Property performance is achieved through a fine balance of all of the above issues. That is why special skills and knowledge are part of the job specification for a commercial property manager.
Real Estate Law And How It Affects You
If you’re a landlord or involved in the purchase of property, it’s easy to see how it would be in your best interests to know as much about real estate law as you can. But this area of the legal field isn’t just for those who make their livings off buying or renting property. It affects everyone who owns or rents a home or apartment. One of the oldest aspects of Western legal tenets, the legalities surrounding the purchase and sale of property can be very complex. You may not need a lawyer to rent an apartment, but it never hurts to know the basics.
Renting Property
Whether you’re renting a house or an apartment, real estate law will govern what you can and cannot do. Perhaps more importantly, it governs the limitations of your landlord. Because they fail to look into it themselves, many tenants don’t realize that their landlord or management company is out of bounds. They allow things to happen that are completely illegal. Each state has its own set of laws regarding this common relationship, and it pays to familiarize yourself with them. Without knowing where the boundaries are, you won’t know if you’re being taken advantage of.
Agents
If you’re interested in becoming a Realtor or property agent of any kind, real estate law will have a direct effect on your success. Unbeknownst to many, not just anyone can go out tomorrow and start showing houses. They must be regulated and licensed by the state. Experience, moral character requirements, and the passing of an exam all play a role in determining whether a person will qualify to be licensed. If you want to get into that line of work, check into your state’s prerequisites for licensing.
Zoning
Both the state and the city create zoning districts for their locale. These zones determine what can and cannot happen within them. For instance, if you want to build an office building on a plot of land you purchased in a gated neighborhood, the city is going to tell you that your plans are about to be shut down. Cities are zoned into residential and business districts. Sometimes, these zones are enforced more strictly than even the residents would prefer. Even yard sales have been shut down for doing business in residential zones, although this type of overzealous enforcement of real estate law is relatively rare. Still, it never hurts to check with the city before you attempt to build or do something on questionable property.
How To Succeed At Online Product Creation The Easy Way
Product creation could be a frightening subject for a lot of Internet marketers to face. Some folks who get in the game with the intention of making a full time income are completely ignorant as to how an online business operates. One of the most profitable ways to create online cash is by creating a product that others are happy to pay for.
Product creation is legitimate method of generating money through internet marketing but many entrepreneurs get it wrong. They start by imitating their Internet marketing gurus by creating information products on Internet marketing in hopes of getting rich the way their heroes did. The problem is that they usually don’t know what they are doing and enter a highly competitive niche with very little marketing experience or connections.
Here are a few tips for effective product creation that may help you get on the right track:
Start by finding a profitable niche with low to moderate competition. If you conduct some rudimentary market research and keyword research, you’ll find many opportunities in areas that will surprise you. Amazon and eBay are two great places to brainstorm for product ideas.
Developing Your Product does not have to be a difficult project. You can find experts in the right field for your niche and pay them to write the material while an artist designs the packaging and website or blog. You can outsource the entire product creation part of the project after you conduct the research and testing to ensure profitability.
Sales and marketing strategies should be created while developing the product and learning about the market. Some experienced marketers use pay per click to drive traffic to their offer page; some folks outsource the entire marketing campaign to affiliates through ClickBank or other affiliate programs.
Product creation does not need to be hard, particularly when the merchandise is electronic. E-books, videos, audio and multi-media products sell very well. They are distributed immediately to customers electronically. Once you have a good feel for a niche market, try to service your customers with associated products and upgrades. If you want to earn money online through product creation, you must understand supply and demand. The majority of new online marketers fail miserably because they go after highly competitive markets or forget to research their chosen niche properly. You have to create your products according to the needs, wants and desires of the prospective customers.
Information Product Creation: Never Compete on Price Because There Is Only One You
Information product creation requires extensive preparation, no matter which niche you work within and you want to make sure that your information product has a successful launch. That probably sounds scary and intimidating but here’s the thing: this is a one time effort and it will pay off in a foundation that is strong enough to get your ideal clients to invest in your high-end programs and services without the perils of a traditional funnel. This article will teach you a few of the things that you need to remember if you’d like to invest in yourself and start on the information product creation path using your unique talents and abilities. Remember that you never have to worry about anyone ripping off your ideas because if you understand how to properly position yourself around your story.
Understand Both Strengths and Weaknesses: It is good to have an impartial view of your own strengths and weaknesses when lay the foundation of selling yourself within the information product creation process. It helps you figure out where you are, what you lack and how to move forward so that you get as much growth as possible. It is more than important, it is urgent if you want to create fast success for yourself to have personal positive reinforcement and deep belief to provide yourself the support you need so that you can get over your own limitations to ensure that your information product is as valuable as it can be.
You also need to know exactly who your competition is so you can study them and use their methods to help you improve your own standings. Down recreate the wheel, but understand the wheel and position yourself going uphill from the competition. Check out which kinds of opportunities you’ve already got and try to figure out how best to use them while taking care to remember your strengths and weaknesses. This is a great way to figure out where you stand against your competition which helps you figure out how best to grow.
Launch on Time: No matter what, even if you haven’t officially announced your “launch date” you should launch the site when you’ve said you would. This will force you to stick to your goal and actually work on it. Thinking that “I’ll launch it when I think it’s ready to launch” will only hinder your efforts. You’ve got a responsibility that you need to live up to with your launch, and you can’t move back on that one. If you get close to your launch date and you are getting hung up on your self limiting beliefs in your information product creation, don’t worry this about getting it out there and not perfection. As long as it is usable you should launch it. Launching on time is the professional thing to do and it is more important than creating a “wow” effect in your site visitors. You can always update/upgrade your website when you have to, so there shouldn’t be any issue with that.
Analyze Your Own Concept: If you want to make your information product creation successful you need to understand how good your concept is: is it really going to work for your chosen audience or would something else be better? You already know about your competition; how does your concept measure up? If you haven’t come up with your own idea and are trying to work with someone else’s concept, do some more work on your own before your launch. People want original ideas because they’ve seen too many other me-too websites already.
Test Your Concept Before You Commit To The Information Product Creation Process: One of the biggest failures people have with information product creation is not testing an idea before putting a lot of effort into producing an information product. PPC to a small 5 page site with a landing page is a great way to test an offer before you even produce it. If people will sign up to get it, you can be sure that you can create an information product that will target eliminating the pain of your target market. The small amount of money will be invaluable in using crowd sourcing to direct the final outline of the information product creation process.
You’ll have lots of hurdles to clear after the launch of your information product and the only way to truly take care of them is to follow the advice in this article to work smarter. Plenty of people work hard, but it is the ones who work smarter who make real money online with the information product creation business model.
Plan To Succeed With Information Product Creation: Why You Need To Split Your Process Up
One of the keys to succeeding in information product creation is to break the process up into discrete steps. This frequently isn’t an instinctive reaction for the typical information marketer. Especially on the internet where small sized learning products are the norm.
However, it is extremely important to your ultimate success. In fact, I would go so far as to say that if you don’t do this you probably won’t succeed… even when you are starting out let alone as you move forward.
Your product creation system should do this for you if only to help you to understand the overall task.
But why?
In this article, I’m going to ignore chunking and focus on the practical aspects. That’s not to say that chunking isn’t important. It is. It’s important to understanding and to learning the process. But while you can use the same chunks as you move forward, long term your focus needs to be on the operation of the system not the understanding of it. Unless of course you are constantly training new people!
So why is chunking important to long term use of the product creation process? (Yes, I know systems design uses a different term for this process but I’m not teaching you systems design. So I’m going to use the word learning content designers use.)
The first reason that having individual discrete tasks is important is one of schedule estimation. Frequently it is very difficult to estimate how long the total task of creating a product will take. After all, the size and type of the products matters as does the number of products in your product funnel. And those are just the most obvious elements. However, estimating a discrete task is often much easier. The total can then be estimated as the total of the discrete tasks.
Secondly, scheduling a large task can be problematic. However, by segmenting the task into a number of discrete tasks, you gain a much greater flexibility in scheduling. Not only that but as your business begins to add people you are able to schedule multiple people to the product creation.
Finally, segmenting a large task into smaller discrete tasks allows you to have much better control over the product creation. This affects two different areas — status and quality.
By segmenting your process into discrete tasks you are able to schedule and record the progress at much more detailed level. As a result you are more in control of the status of the product creation. You know what everyone is doing. When they should complete it. And how much it should cost. You also know exactly what has been done.
You also improve your overall quality. Instead of waiting until everything is done you can check quality as you go. This allows you to immediate react to low quality products without absorbing their costs. This means that you have less rework and your rework costs less. And if the product is not going to meet its quality requirement you will know about it in time to stop the development, change the requirement or fix the product.
A Guide on Successful Product Creation and Internet Marketing
Product creation in Internet marketing is getting stiffer and stiffer nowadays owing to tough competition between Internet-based businesses. Putting up a new product requires plenty of brainpower and finances along with an ability to take risk. With that, even if you have the product well-set already, you have to position it strategically in the Internet landscape for others to notice. You should get the interest of Web users and turn them to actual customers. Aside from the usual physical products, many different products that thrive well on Internet marketing include E-books, membership sites, and video lectures.
The long and difficult process of product creation begins with ideas. They are easy to get – compared to the effort that comes with analyzing the market for that idea. Before the idea turns to a product, businesses often spend money, even amounting to millions of dollars, to ensure the success of the new product that emerges from an idea. Businesses undertake many types of market research and surveys before releasing their products to the public. Now, you may think that because your business is small, you can’t afford research or you don’t have to do research; you can and you should. The Internet allows you to disseminate materials needed for your market study to many people at once without your having to spend a cent.
It is a common maxim in business: Look at your destination first before mapping out your journey. So what are the goals you intend to accomplish with your product creation ventures? The everyday travails of your business may make you forget the end in sight. On the other hand, prepare to entertain new developments that come to your mind in your product creation. Your conception of a product may have started this way, but a few tweaks here and there along with some market research results and it ends up another way. Take it as the result of a creative process, not as a failure to reach your goal. After all, your product creation activities are intertwined with a long-term goal that you should strive to sustain at your utmost: profit generation. So if your less profitable initial idea evolves to a more profitable product, be thankful!
With your product made up already, start doing some aggressive Internet marketing. A product purchase typically comes after more than five times a customer is exposed to an informative call-to-buy message. Thus it is important to get the contact details, like the e-mail address, of potential customers who are on the brink of a sale. Use the results of your market research to determine the demographics to which you should concentrate your marketing efforts.
With consistent product creation, you can make an inventory of your products that you can market in due time. Just keep making products – the moment you succeed in making and marketing a product, customers are surely wanting more from you, so give it to them. Keep them on your side through constant product creation.
Considerable Factors Involved in Product Creation & Marketing
The niche you have chosen should allow creation of more than one product or service. With the technological advancements in the hosting industry, from automated control panels and scripts that simplify creation of accounts, to complete turnkey solutions; there is no need to worry about spending time on the real products sold to the customer. The main ones are keyword selection, sales copy principles, graphics, affiliate programs, product creation, online payment processing, auto responders, and search engine optimization.
Once you’ve earned money from this type of information product business, you can invest in the creation of your own products if you want, or start offering more informational products that allow you to sell your knowledge. But the creation and production costs of a similar big ticket in sequence product, although higher, are still pretty low. A key by-product of this process will be the creation of 3-D, Computer Assisted Design art.
The Association for Financial Professionals permits the following activities for repatriating funds: Research and Development activities, advertising and marketing programs, hiring and training new recruits, acquiring patent and other rights to intangible property, improving transportation, funding capital investments with the purpose of job creation and job retention & funding product responsibility or environmental claims.
It prohibits certain activities like: Tax payments, Payment of executive recompense, Payment of dividends, Redemption of stocks, Debt investments and Portfolio investments. Therefore, before repatriating the money, you must consider whether it is worth or not.
Checklist on what artist and product development necessitate includes: Exceptional vocals, musicianship and/or songwriting skills, Continued education and enhancement of musical skills, Quality equipment, Performance ability, Image creation and maintenance, Plan of action, goal setting, excellent promotion materials including photographs, press releases and artwork, Business management skills, Marketing, Publicity and Promotion knowledge, Online and Offline Professional management, Basic knowledge of recording, producing, engineering, and mastering, Basic knowledge of manufacturing, distribution, and sales online, brick and mortar and air-play, Good choices in members, staff and advisors, Physical and mental preparedness, Basic knowledge of finances, accounting Law and legal issues etc.
The goals for doing so are for the product owner to: Communicate the whole, Determine and communicate when releases are needed, Determine what functionality is sufficient for each release & focus on business value derived from the releases. The delivery team on the other hand will see the whole, learn about the steps to realize the vision, learn the business priorities, provide technical input to the roadmap and provide estimates for the projected features. The salesperson must lead the prospect through the various decision criteria needed in order to secure a sale. Whether your idea is the development of a product, launch of a service business, or even the creation of an event or program for a non-profit, creativity is the root of all entrepreneurial efforts starting with the vision itself.
People quickly learn to spend their time on marketing and product creation, rather than repetitive tasks. Apart from empowering companies and individuals, there should be a particular focus on identifying labor intensive businesses that have the potential to make a significant and positive impact on employment creation as well as those businesses that have a product or service offering for export markets with the final objective of booming local economies.