Thursday, October 25, 2012

Start up Overview



Everyone would like to be a successful Entrepreneur! Yes! Especially on the Internet?

Every business, has a set of skills, you need to learn. These skills usually start with the basics such as; learning about you business, learning about your products, or services being provided.

Let’s look at the Internet, and how it changes everything compared to a “Brick and Mortar Business”. When starting a brick and mortar business, you need to do the following:
1. Find a location.
2. Figure how much of that traffic would go into your store.
3. Find a store.
        a. How much is the rent?
        b. What will renovations cost?
        c. Cost of advertising the store?
        d. Cost of Products for the store?
        e. Cost of Utilities for the store?
         f. Insurance for store?
        g. Monthly rent for the store?
        h. Furniture for the store?
        I. Is there a Franchise fee?
        j. Is there a monthly payroll?
Plus there may be a whole bunch of other things required before you open the store. If you have purchased a Franchise you will be required to have your staff trained in the skills required to run the business. Many businesses and Job’s require skills to be taught.

When starting the same type business on the Internet you may not have to do a-j above. You will still need the skills to successfully run the business. You will not have a store front you will have a Home Based Business.

The same is true for the Internet. Some time’s you find that you are not provided the skills to successfully do the business you are involved with.

There are time’s the person who introduced you to the business leaves the business. Now you have no one to talk to about the business, or to help you acquire the skills needed for your business opportunity to be successful. You may even be in an MLM business and the same thing could happen.