retirement plans for small business

Entrepreneurial be one of the many efforts that are made to the employee regardless of the various routine office. Driven partly because of economic necessity as well as to be able to control their own income.

"The economic downturn is indirectly forcing people to think more creatively about how to make money, and most people also question their job security now than ever before," says Chris Guillebeau, author of The Art of Non-Conformity.

According to Tory Johnson, a television reporter and business owner, he decided to become entrepreneurs after taking early retirement from a previous job. "A sense of security in the income actually known when you know that you are not only a source of income to rely on only one source, or depending on the person who at any time could fire you," he said.

But before entrepreneurship, there are several strategies that can be applied to get the business idea.

Interest. "Think about what you really want to do. Maybe something normally done in your office first, even if you do not like, or that you love. Whatever the form, it can teach the good and bad that might arise when starting a business, "said Tara Gentile, entrepreneurial consultants.

Guillebeau also advised to listen to the advice from the people closest to, and consult with business consultants. Then begin to create a blog that describes your business, open a special account for business, then start a business.

Motivation. Besides the money to supplement your income, you should find another motivation to start a business. According to Johnson, motivation besides additional revenue will help you to not only oriented to money alone. "For me, this is a form of protection and efforts to prevent my family from the bad experiences of the many invoice that comes," said Johnson.

Another motivation could be the reason for the self-employed are likely to contribute to the cost of treatment of a family member. Knowing the motivation other than money will also make it easier to endure to get through all the challenges.

Side job. Pamela Slim, author of Escape from Cubicle Nation, uses the term "side" to refer to how to make money with entrepreneurship. Sometimes people are always afraid to start everything from the bottom, because it would risk all that has been gained from regular work. Having a second job is not just to make you start a new business with little risk, but also as a backup plan if one day you have a problem with your work.

"The workers will think about the economic stability of the company, although not completely destroyed, you know it's not a good thing if it just depends on the company," he said. According to the survey conducted by Elance, a freelance market, three out of 10 respondents to keep working at the company while entrepreneurship.

Do not sell the same stuff. Slim reminded that in entrepreneurship, you should not sell products similar to those produced by your company. Because it can be, your company will claim a range of products that you create when you are still in the working hours of the company.

Take advantage of technology. Twitter, blogs, Facebook, and various other social networking is one of the easiest ways to build a small business. "It's very easily done by anyone, and it's easy to create a website to sell your product," said Slim. If used, the location of the business is one of the obstacles to selling your business product range, now you can create a website in your hometown, and sell your product to the world.

Add friends. Today, internet marketing through blogs and often focused on the importance of building a brand to garner a close relationship between you and your customers. However, Gentile said it is not the main objective. Websites that manages every day visited 1,000, which amount is lower than the blogs of famous stars. However, the most important thing is how much money you can get from the blog visitors.

Stop planning and move. One mistake that is often made to become an entrepreneur is too long to think and plan. "Most people have trouble finding what products to sell. They think too much detail, but what is needed is the courage to begin," said Slim. Sometimes, many people are afraid to start a business because they fear the market will fail and be rejected.

Optimistic. "Success will not come instantly, but takes the process. However, if you start with a sense of pessimism, everything will fail," said Johnson. This is why the confidence to succeed in business is very important, because it is useful to boost your spirit to face any challenge.

Enjoy the fruits of your hard work. There is a sense of satisfaction and pride that you can achieve when you can run all of your business with your own efforts. Nothing wrong when your business is already bearing fruit, enjoy your little vacation. You also get to enjoy your work all the way to set their own business than when you are a worker.

Source : kompas

10 Tips Starting a Small Business and Achieve Success

If you look at Bill Gates or Mark Zuckenberg, would you be tempted by their incredible wealth. But are you aware that they also started all of their small business. And none of them guessed scored success as it is now.
Here are 10 rules for startups. This list is more to make you realize the truth, rather than chasing crazy dreams terdahsyat you in business.
More realistic. When creating a business model, just look around and find examples of successful business models that you want, and learn. If you can not find, whether you are an incredible genius, or your business model is not going to work in the real world.
Do not invest your own money. Since most business is a risky trip, look for a partner. So, if things do not go all to plan, you are not going bankrupt because of funding start-ups before, and did not pursue the debt.
Enslave yourself. If you are not willing to work hard, long hours, forgetting personal gain and health, entrepreneurship is not for you. At first, you would not be able to pay employees, even if the employee is cheap. So, your employees, it is your own.
Appreciate the time. Give a monetary value on your time, for example Rp20 thousand per hour. This will help when you have to make a decision: If a store charges for shipping Rp10 thousand per week, and it takes you 2 hours to go to the store by yourself, then continue to pay postage from the company, because it is cheaper. It may be against the rules to 3, but even though slaves also have economic value.
Recruit employees well. Regardless of the size of your business, you will eventually hire employees from outside. For that, do the recruitment process carefully, without haste, and treat it as important as when you start a business. It is unfortunate that the attitude of business owners who have a vision for the business, but hiring people who actually hinder reaching that vision.
Sell ​​benefits, not the price. When you start a business, you naturally frustrated memasarkannya.Tapi, if you compete on price, you are ultimately the selling price of a mediocre or even below the capital. Master the skills to communicate with customers, to explain that the product price is higher because it has a better value.
Know the basic rate. Knowing how much money you need for running the business - from shop rent, electricity, insurance employees, until the price of printer ink, paper, and taxes. So for all of that with how many days a year you will open, and ... that's the baseline - the minimum amount of income that you need every day. If you never thought about the basic numbers, think again.
Use the latest technology. Newer technologies such as applications and data with cloud technology penyimpaanan very cheap and make small companies can compete with larger companies. Take advantage of low-cost technologies in the market.
Treat your vendors well. Treat your vendors and suppliers as possible, just as you treat customers. They could just give a discount based on the volume of your book, or even to maintain a good relationship, and wish there was an increase in volume in the future. Good relationships can also make them understand the delay in payment, even provide free shipping.
Be the best. You should not be half-setengah.Setiap things you do for the client should be is yangterbaik. Whatever you make and sell, to be the best. Do it continuously, and the power of word of mouth will spread. (Source: The Washington Post / Slate Magazine)

Small Business Plan

If you wish to set up their own business, it is important to create a business plan to support long-term growth and success of your business. Doing so will help you identify the steps and focus on your business. In the business plan, you can predict how successful your business. Of course, you can ask an expert to create a business plan for you. But, if all you need is a simple business plan, you can do it yourself.
For guidelines and instructions on how to create a simple business plan, consider some of the things described small business expert, Ursula Roberts.

    Make the cover letter. You can start by making a cover letter for your business. Ensure that contains your business name, address, contact details such as an office number, email address, and phone number, and the date. Remember that the date should be revised whenever updated business plan.
    Creating a marketing plan. This will determine the marketing strategy that you apply. The marketing plan should also identify the target market of your business and your competitors.
    Write a management plan for your business. One way to do this is to highlight business experience to know your skills and strengths. Put in detail how you plan to manage your business and your employees. If there are gaps or weaknesses in your plan, make sure you have alternatives and solutions prepared in anticipation.
    Plan for financial management. Start by identifying the initial business budget and details of operational costs. Make sure that your budget is realistic. Financial management plan must also include the financial goals of your business, the terms of payment from the client, and the accounting system to be used.
    Write the summary of the mission of your business. This includes the date the business opened, a name, and a list of products or services you offer. You should also include information for business, enterprise details, permits and licenses that must be obtained in order to operate legally.
    Review. Once you are done, review and correction of the business plan that you have created. Make sure your business plan looks formal and free of errors.
If you think that you have the skills to make a business plan, it is better if you do it yourself. However, if you are not sure about your skills, you can hire someone to create a business plan. Make sure that you involve yourself in the process of writing to provide information and input.