Posts tagged with "investor"

Be Your Own Boss – Tips for Starting Your Own Business

It sounds great, doesn’t it? No more 9-5 hours, forget the daily commute, and just work when you feel like it, but the reality of being your own boss is often very different. While choosing when to work, or not, is possible for some, there has often been a lot of hard work for them to get to that point. But, with now more people than ever declared as self-employed, it has never been a better time to be your own boss. If you are dreaming of quitting the day job, starting your own business and becoming your own boss, this guide gives you some tips on what you need to do.

Find the Right Business Niche

You might have some idea already about what area you want your business in, and that is great, as long as you play to your strengths. Pick a business niche that you are already knowledgeable about, because if you already have the expertise, then you are far, more likely to achieve success. Also, make sure you choose a business idea that you are really passionate about also. Otherwise, you might see your enthusiasm dwindle after a few months.

When deciding on a business niche, it is important to do your research and identify a gap in the market that your business can fill. It will be much harder to make a successful business if you are just doing what your competitors do. Offer something extra, and you will stand out.

Create a Business Plan

Having a solid business plan gives you a focused look at what your targets are for your business and the strategies to implement. Your business plan will have detailed information about your target market, and how you intend to sell to them. Not only does a business plan to keep your project on track, but it is also a worthwhile document to show to possible investors.

If you are not sure how to create a business plan, there are examples and templates you can use online, as a way to get you started. At first, your business plan might seem a little basic. But keep coming up with ideas and flesh it out as you learn. The more you learn, the quicker you will be able to grow your business.

Learn New Skills

So you might have a great idea for a business, but if you don’t know how to run a website or have any marketing experience, then that is going to be a weakness. You will also need to learn accounting skills to keep track of your business spending and keep records for tax purposes. Learn the basics before you start, and it will make running your new business much easier.

Finances

Financing a start-up business can be hard, so make sure you know exactly what you need to spend money on and what you don’t. It is a good idea to save up some funds before you start your business, to get you up and running.
If finances are tight, you could consider bootstrapping which where you build a business by only investing the profits it makes and keeping costs as low as possible, rather than spending a lump sum of your own, or an investor’s, cash. This might mean keeping your business small until you have raised enough to invest in growth, but you won’t be getting into debt to fund your business. If you are bootstrapping, it is often worth having another source of income to keep you afloat until your business is making more money. Don’t forget that you still have everyday living expenses to consider, so it might not be the right time for you to completely give up your day job. Try to begin your business alongside your regular job, or at least work part-time, so you still have a source of income.

Sometimes, new businesses face problems with cash flow, so you might have to supplement it with your own money. Or, you might be putting much of your own money into funding your business that you might temporarily be finding it difficult financially. If so, a short-term loan can be beneficial, such as from Bonsai Finance.

Entrepreneurial Mind-Set

Your attitude is what drives your business, so you need to get into the mindset of an entrepreneur to get success. That means having the will to succeed even when times feel tough. It also means having discipline in your working day to get tasks done and to also have the confidence to make decisions.

It takes effort and hard work to achieve anything worthwhile, but if you show up ready to work consistently, you will soon see your efforts pay off.

Don’t Overdo It!

Remember why you wanted to be your own boss in the first place? It was to get that work/life balance you have always dreamed of. So while it might be tempting to work all the hours you can to make it a success, remember to take regular breaks and days off. Too much work and putting pressure on yourself can lead to stress, and that is not productive for your or your business.

If you find yourself under pressure, delegate what you can. If you have clients waiting, call them to rearrange a time for completion of a project, or consider outsourcing work if you have too much.

Being your own boss gives you the opportunity to manage your own time, rather than being dictated to by regular employment. However, it does come with risks. If you get sick, you won’t get sick pay, there is no paid annual leave, and if you don’t make it a success, you could stand to lose any money you may have invested in it. Treat starting your own business with caution, but don’t be afraid to try! Every successful entrepreneur had to start somewhere, and most experience failure as well as success. If you believe in yourself and have the will to succeed, then you have already won half the battle.

Man Runs for Hope, Respect, Love and Unity.

Man to Run Across North America from Los Angeles to New York to Champion Hope, Respect, Love and Unity for Americans and its Global Neighbors.

North America DNA Vol. Run

#HumanRace

#DNARUN #WeAreOne

Who Really Runs The Country?

Jonathon Prince does. As a visionary “Athli-vist” (athlete-activist), Prince has run over 8,000 miles through 24 states, inspiring hope and raising awareness for his philanthropic endeavors. In 2005, he launched Run 4 Relief with a 2,700-mile run from Los Angeles to Atlanta, stopping to receive the key to the city in New Orleans. The following year, his Run for Relief II took him on a 1,500-mile trek from Atlanta to New York City. Both runs raised money to support families displaced by Hurricane Katrina. In 2010, he created HopeOrDie, promoting the cause with a 3,000-mile run from Santa Monica to Washington, DC.

Now Prince is about to make his fourth cross country trek North America DNA Vol. RUN #TheHumanRace. This run is to champion unity, hope, respect and love for Americans and its global neighbors.

Prince felt compelled to make this run. He said, The times call for people to realize we are more alike than different and we all have potential to create shining moments that exemplify our highest selves and create the kind of world we all deserve to live in. I just want to do something that gets people to think about that”.

Prince will launch the run at the Santa Monica Pier, California on Saturday, August 26, 2017 at 7:00am PT and will run cross country 10-30 miles a day, 5 days a week for four and a half months, totaling 3500 miles to New York, with an expected arrival time between Christmas and New Year’s Eve.

The cities on the run route include Los Angeles, Las Vegas, Flagstaff-Sedona, Az., Albuquerque, NM. Dallas, Houston, Tx. New Orleans, Mobile & Montgomery, Alabama, Atlanta, Ga. South & North Carolina, The DC, Maryland & Virginia area, New Jersey and arriving in New York City. Supporters can track the run on Instagram at @iamrunner. Prince will pass through Christian, MS, where he received the Key to the city with Robin Roberts.

Students from UCLA, USC and Santa Monica College, Los Angeles area run clubs, Road Runners of America, Compton city officials and We ROCK kids, running group in Orange County have all been invited to the launch to attend and share the kick off moment.

Sponsors who have joined the movement in support include 23andMe, Clear Eyes, GoChef TechnologiesROCKSTAR Energy and Joint Movement.

With the wrapped DNA Vol. RUN support vehicle, Team Prince will visit community organizations, high schools, colleges & universities along the way to run with, make appearances at and speak to students, faculty and staff about his experience on the road and how DNA Vol. RUN can enhance the lives of all of us.

Prince, who is a new dad, is excited to have his young sons Miles (Age 4) and Chase (age one) cross the finish line with him in New York. He says, “This is my first cross country run as a dad. I didn’t have children on the last runs. I’m shopping for a really sturdy double stroller with jogger wheels that can withstand a mile run across the finish line with my kiddos. I’m going to get them baby goggles so the wind doesn’t bother their eyes. Its going to be so amazing to be able to tell them when they grow up that they crossed the finish line with daddy. This race is after all for them and all children. It’s for all of us really.”

Prince will make pit stops in cities across the country to rest, eat, say hello to old and new friend along the way. He invites people to join him for a warm hello along the trail or even to run with him part of the way for as long as they are able.

He says, “I hope to meet many people along the way. If I see you and you’re up to it, please run with me for a half mile. Or just wave as I run by. Say a prayer for me, it gets lonely sometimes on the road. If I make a pit stop in your town, let’s take a selfie and post on your Instagram, so we can inspire people together! Remember your greatness and that we are one. I’ll see you soon!”

Interested in knowing your past and unlocking your full potential? Visit DNA Weekly.

About Jonathon Prince:

Athlete, International Runner, Speaker, Investor and Philanthropist, Jonathon Prince has logged over 12,000+ of 30k miles in support of a cause or ideal.

Recognized by Ebony magazine for representing the “Future of Philanthropy,” Jonathon has pioneered the role of “Social Athi-vist,” using his feats of endurance to promote positive change.

Links : Website/Instagram