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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>adouhms.info</title> <atom:link href="http://adouhms.info/feed" rel="self" type="application/rss+xml" /> <link>https://adouhms.info</link> <description></description> <lastBuildDate>Wed, 13 Mar 2024 21:33:04 +0000</lastBuildDate> <language>en</language> <sy:updatePeriod>hourly</sy:updatePeriod> <sy:updateFrequency>1</sy:updateFrequency> <generator>http://wordpress.org/?v=3.1.3</generator> <item> <title>Top 10 Secret Tips for Online Business Success</title> <link>https://adouhms.info/64</link> <comments>https://adouhms.info/64#comments</comments> <pubDate>Fri, 12 May 2023 10:04:03 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[best business ideas]]></category> <category><![CDATA[best online business]]></category> <category><![CDATA[best online business ideas]]></category> <category><![CDATA[best online business to start]]></category> <category><![CDATA[business ideas]]></category> <category><![CDATA[how to make money online]]></category> <category><![CDATA[make money online]]></category> <category><![CDATA[online business]]></category> <category><![CDATA[online business from home]]></category> <category><![CDATA[online business ideas]]></category> <category><![CDATA[small business ideas]]></category> <category><![CDATA[start an online business]]></category> <category><![CDATA[start online business]]></category> <category><![CDATA[starting an online business]]></category> <guid isPermaLink="false">http://adouhms.info/?p=64</guid> <description><![CDATA[Online businesses don’t succeed by accident or without effort. Out of the thousands of would-be entrepreneurs who start an online business every year, only a small percentage will succeed. A recent survey estimates that a stunning 90% of new internet business fail within the first year.You can avoid being part of that unsettling statistic. I [...]]]></description> <content:encoded><![CDATA[<p> Online businesses don’t succeed by accident or without effort. Out of the thousands of would-be entrepreneurs who start an online business every year, only a small percentage will succeed. A recent survey estimates that a stunning 90% of new internet business fail within the first year.You can avoid being part of that unsettling statistic. I have put together the top 10 secret tips for online business success. These may not be what you’re expecting to hear, but if more entrepreneurs heeded them there will be a lot more success stories.1. Have a PlanEverything begins with a plan. In principle, online business is no different from a real world brick and mortar business. People who fail in online business are very often those who think making money online “sounds like a good idea” instead of seeing it as a real business. They jump in without any idea of what they want to do or how to run their business.Planning should involve:- what type of business you’re going to start online- what it will cost- how you will market it- what tools and skills you need to start- how you will finance your online business efforts- how much time you have to spend on it- how and where you will network and make business connectionsWithout taking stock of factors like these before you even begin, you’ll be lucky to achieve any kind of success.2. Add ActionTaking action is what separates most online business successes from the failures.That “Earn a Million Online” seminar you went to, presented by the top online business minds? It’s worth nothing if you don’t act on what you learn.That ebook full of secret online business strategies? They are of no worth until you actually use them.That brilliant product idea swimming around in your head? Stop dreaming about it and create it.While there are other factors as well, you must realize that you can’t win the game if you’re not in the game. Never let the fear of failure stop you. If you never try, you’ve already failed.3. Learn to Test and TrackYes, it can be a pain to test and track your results… until you finally do it and realize how much money you’ve been leaving on the table.Imagine writing a sales letter for your $30 product and it converts 2% of all visitors into sales. A hundred sales per month is $3,000 in your pocket.Now, imagine if, by simply changing the headline on that sales letter it converts 3% of visitors into sales? You would have been losing $1,500 per month.Testing and tracking are crucial in tweaking your marketing campaigns for maximum profit, especially when you are paying for traffic.4. Forget About PerfectionRepeat after me: it doesn’t need to be perfect, it just needs to work.Many people spend months tweaking their websites on their computers without putting them online. They spend months trying to perfect a product instead of publishing and marketing it.Don’t get bogged down in trying to have everything just right before launching.An ugly website that’s actually live on the internet can make money and can be tweaked to perform better. A beautiful one sitting unpublished on your hard drive will not only make no money, but won’t even provide you with any real-world data for improving it.Create it, then get it out there. Warts and all.5. Maintain Your FocusFocus on doing one thing at a time, and doing it well. Getting your business off the ground is the hardest part. Focusing on too many tasks, too many avenues of income and pursuing too many different opportunities will dilute your efforts and lead to confusion and overwhelm.Many new online entrepreneurs suffer from this because there are so many income opportunities available. They start one thing, then abandon it for the next shiny opportunity that comes along. Pretty soon they’re stuck between 7 or 8 unfinished projects with no income and a lot of disillusionment.Realize that you cannot chase them all. Decide on the business you’re going to start with, and focus your efforts on that.6. Build Multiple Traffic StreamsThere are a myriad of ways to generate traffic online. The more of them you can use, the bigger your potential income and the safer your online livelihood will be.For example, if you decided to do affiliate marketing and your only source of traffic is Google, you are on shaky ground. If Google decides to penalize your sites for whatever reason, or an algorithm change sinks your rankings, most of your income can disappear overnight.Make sure that, over time, you set up different income streams that draw their traffic from different sources. The “all eggs in one basket” approach is a dangerous one in the volatile online marketing arena.7. Build & Maintain a Mailing ListThis is still one of the most important secrets to online business success. A well-maintained mailing list can make you money every time you broadcast a message. It is a robust and trend-proof way to secure an online income.Build your list and treasure it. Provide value to your subscribers and build a strong relationship with them.8. Provide ValueTruly valuable websites, products and services take on a life of their own. They get more social sharing, more word-of-mouth exposure and affiliates are more likely to promote them.It is possible to make money online by selling low quality products or building low quality websites. The problem is you’re going to have to do all the work and start from scratch every time your spammy content gets trashed by the search engines, or when the bad reputation of your product starts killing its sales.9. Kick the Destructive MythsHave you ever heard any of these phrases:- Make money while you sleep- Be your own boss and work when you want to- Make $X00,000 dollars working just 2 hours a dayThese are they typical myths and hype that marketers use to sell the online business dream. Is it any wonder then that so many start-ups fail?Acquire a business mindset: one that expects hard work, failures, long hours and a stiff learning curve before it expects rewards. Just that simple shift will already put you way ahead of most new online business owners.10. Learn to OutsourceThis is a hard one for the control freaks out there. If you want something done right, do it yourself. Right?That philosophy may be true in some cases, but in online business it will hold you back. Time really is money, and you need to use what precious time you have to focus on your strengths.You will definitely have a few bad experiences with outsourcing. However, once you’ve separated the good from the bad, you’ll have gathered a handful of reliable people helping you build your business just the way you would have done it yourself, and perhaps even better.Good luck with your online business. Ignore the hype, do your planning, work hard and never give in to the fear of failure. </p><div class="mads-block"></div>]]></content:encoded> <wfw:commentRss>https://adouhms.info/64/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Telecommunication Bills</title> <link>https://adouhms.info/62</link> <comments>https://adouhms.info/62#comments</comments> <pubDate>Fri, 12 May 2023 04:43:10 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Telecommunications]]></category> <guid isPermaLink="false">http://adouhms.info/?p=62</guid> <description><![CDATA[But, just as it is vital to have a phone, it is important to have value for money and good quality service from your telecommunications provider.Do you ever consider how much time per day your spend on the phone? If you haven’t, you will be surprised or even shocked to learn the actual amount.Telecommunication is [...]]]></description> <content:encoded><![CDATA[<p> But, just as it is vital to have a phone, it is important to have value for money and good quality service from your telecommunications provider.Do you ever consider how much time per day your spend on the phone? If you haven’t, you will be surprised or even shocked to learn the actual amount.Telecommunication is an essential service. In today’s world we simply cannot survive without it. Businesses rely heavily on communication, and the need to be ‘constantly in contact’ has forced us to be available 24 hours a day.So we’ve established that we all need a phone, and that we all use our phone endlessly. What about the bill? It’s not cheap. In fact, telecommunication bills can become extremely costly, and because they are an essential service, it is a monthly expense that will never leave us.There are a multitude of service providers, and in tough economic times, you need to research your options to find the best deal that suits your need. Cheapest is not always the best deal. Quality of service matters.Look for bundle deals that might help save you money. Mobile phone, land line, broadband and mobile broadband can sometimes be packaged together to offer a cheaper rate, but be sure to consider what sales service you will receive.Another factor to take into consideration is the service provider themselves and how long they have been in operation. With telecommunication growing at such an alarming rate, there are service providers starting up all over the world, and they want your business. Buyer beware! Do your research. If something seems to good to be true, it just might be.So saving money on telecommunication bills is one thing. But what if you could profit when others pay their bills?How many people do you know have a mobile phone. All of them. Plus they have land lines, internet, mobile broadband. How great would it be to earn an income when they pay their telecommunication bills.Ask yourself this question – do you like to save money or make money. You will definitely answer yes to one of them, but you probably answered yes to both, right?If you’re looking for a good service provider that has stood the test of time, a way to save on your phone bills and the opportunity to make money when others pay their telecommunication bills then take action now. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/62/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Private Financing For Your Real Estate Investments</title> <link>https://adouhms.info/60</link> <comments>https://adouhms.info/60#comments</comments> <pubDate>Thu, 11 May 2023 14:23:55 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[basic finance]]></category> <category><![CDATA[Finance]]></category> <category><![CDATA[finance basics]]></category> <category><![CDATA[finance books]]></category> <category><![CDATA[finance bros]]></category> <category><![CDATA[finance career]]></category> <category><![CDATA[finance degree]]></category> <category><![CDATA[finance frauds]]></category> <category><![CDATA[finance kya hai]]></category> <category><![CDATA[finance major]]></category> <category><![CDATA[finance meaning]]></category> <category><![CDATA[finance news]]></category> <category><![CDATA[finance shorts]]></category> <category><![CDATA[finance stock]]></category> <category><![CDATA[finance with sharan]]></category> <category><![CDATA[fix finances]]></category> <category><![CDATA[fix my finance]]></category> <category><![CDATA[learn finance]]></category> <category><![CDATA[mba finance]]></category> <category><![CDATA[mba finance jobs]]></category> <category><![CDATA[mba in finance]]></category> <category><![CDATA[Personal Finance]]></category> <category><![CDATA[public finance]]></category> <category><![CDATA[raga finance]]></category> <category><![CDATA[study finance]]></category> <category><![CDATA[what is finance]]></category> <category><![CDATA[yahoo finance]]></category> <category><![CDATA[yahoo finance premium]]></category> <guid isPermaLink="false">http://adouhms.info/?p=60</guid> <description><![CDATA[Flipping houses for fun and profit? THE BAD NEWS (For Some): The inventory of houses that are available for purchase is at an all time high. These houses range from older homes that may need remodeling to new or almost new homes. This situation has been created by: 1) The previous several years of selling [...]]]></description> <content:encoded><![CDATA[<p> Flipping houses for fun and profit? THE BAD NEWS (For Some): The inventory of houses that are available for purchase is at an all time high. These houses range from older homes that may need remodeling to new or almost new homes. This situation has been created by: 1) The previous several years of selling and financing homes for buyers who could not afford them, resulting in record foreclosures at an all time high. And in addition, 2) The present unemployment situation has forced many people to give up their homes to move to lesser expensive lodging, and in extreme cases, resulting in homelessness.THE GOOD NEWS(For Others): Anytime there is a situation as described above, it is bad news for many people. Conversely, at the same time, it is good news for others because of the opportunities created by the particular situation – In this case, INVESTING IN HOUSING.Because of the glut inventory of product (houses) available, prices are down from the previous market period; the old “Supply and Demand” syndrome. Therefore, it is a great opportunity for investors, entrepreneurs, etc. to make profits by taking advantage of these favorable circumstances.So, let’s assume you are or would like to be one of those who takes advantage of the situation. You have some experience in residential housing or you have a mentor to help you make good decisions whenever you may be buying, selling, and/or rehabbing houses.There are basically two types of investors who would be interested in the housing market:1. Those who buy for resale later at a profit (hopefully) or,<br />2. Those who buy to hold for rental income.Of course an investor could, and many do, fill both roles.Now, let’s assume you have the knowledge, experience or mentorship to become involved in the housing market that we are discussing. One more thing we need is the funds necessary to buy, fix-up if necessary, and sell the houses. Also, if you intend to hold houses for rental income, you will need long term financing. So, if you have funds of your own, good credit with banks and other commercial lenders, you are all set, as long as they are lending. But what if you don’t have your own funds, and you don’t have good credit, or for whatever reason you are unable to obtain institutional funding? What to do then? Even if you do have good credit with the banks, that could change tomorrow with the whim of the banks and/or government.Therefore, let’s consider your options: What if you could create a scenario where in you could conduct unlimited business in this and other markets, and not have to contend with banks and other institutional lenders? What if you could depend on always having financing available, short term and long term, even if your credit was not that great?Well, you know what? You can do that! How can you do that? With Private Financing. This Private Financing will be from Private Investors and individuals who are looking for better and safer investments than they now have access to.These posts are the opinion of the author who is not engaged in rendering legal, accounting, or investment advice. If such advice is required or desired, the services of competent professional persons should be sought. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/60/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Advertising Costs – A Vital Investment</title> <link>https://adouhms.info/57</link> <comments>https://adouhms.info/57#comments</comments> <pubDate>Thu, 11 May 2023 09:26:01 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[advertising]]></category> <category><![CDATA[advertising agency]]></category> <category><![CDATA[advertising basics]]></category> <category><![CDATA[advertising concepts]]></category> <category><![CDATA[advertising fails]]></category> <category><![CDATA[advertising industry]]></category> <category><![CDATA[advertising space]]></category> <category><![CDATA[advertising week]]></category> <category><![CDATA[best advertising]]></category> <category><![CDATA[children advertising]]></category> <category><![CDATA[creative advertising]]></category> <category><![CDATA[digital advertising]]></category> <category><![CDATA[facebook advertising]]></category> <category><![CDATA[false advertising]]></category> <category><![CDATA[online advertising]]></category> <category><![CDATA[targeted advertising]]></category> <category><![CDATA[tv advertising]]></category> <category><![CDATA[visual advertising]]></category> <category><![CDATA[what is advertising]]></category> <guid isPermaLink="false">http://adouhms.info/?p=57</guid> <description><![CDATA[In 2008 in Australia, the 45 biggest spending businesses collectively spent roughly $2.4 to $2.6 billion in advertising costs. Every year around the world, businesses are prepared to spend billions of dollars on advertising. Big business are committed to spending such enormous amounts on advertising because they know a simple truth: advertising is an investment. [...]]]></description> <content:encoded><![CDATA[<p> In 2008 in Australia, the 45 biggest spending businesses collectively spent roughly $2.4 to $2.6 billion in advertising costs. Every year around the world, businesses are prepared to spend billions of dollars on advertising. Big business are committed to spending such enormous amounts on advertising because they know a simple truth: advertising is an investment. Big business know that for every million dollars they invest, they’ll see returns that make their initial investment worthwhile. But if you’re a small business owner, you need not be scared away by these figures, because it’s all relative. Even a small amount now can pay substantial dividends later. In this article, I’ll discuss why advertising is one of the most vital investments a business can make, and I’ll discuss what it is exactly that you’re investing in, and why it is so critical.Investments can take many shapes and sizes but they usually involve spending money on something now that can make you more money in the future. The more money you put in, the more money you can get back. Advertising is exactly the same. But all too often advertising is treated as an expense rather than an investment. Let’s take a look at this concept in more detail, and consider what exactly it is that you’re investing in.As with all investments, there’s a certain level of risk involved, and the returns can vary. Some investments perform better than others, and some leave you wondering where your money went. Advertising is no exception. Some advertising campaigns can produce exceptional results and drive business growth, while other campaigns may have little impact or in some cases, even a negative impact on business. If you think of advertising as an investment, then you should approach it the same way you would approach any other investment, such as a house, or stock market shares. The first step is research.Research as much as you can about that investment, and all the factors that affect its value, in order to evaluate the risk and potential profits. The ideal combination that most people look for is an investment that minimizes risk and maximizes profits, but some people are prepared to accept higher levels of risk for potentially higher profits. Similarly, before you spend money on advertising, it’s important to do the necessary research in order to minimize the risk and maximize the profits, to get the most out of your investment.If you’re looking to buy a house, for example, what you’re investing in is clear – a tangible object, but with advertising it isn’t so clear. If advertising is an investment, what is it that we’re actually investing in? To answer that question, first let’s look at what advertising is, in essence. Advertising can be defined as a form of communication, where the aim is to persuade someone to do business with you. That someone could be a potential new customer, a previous customer, an existing customer, or someone who isn’t a potential customer but knows someone else who is. Advertising is a way of communicating with customers, either indirectly or directly, impersonally or personally. So this means that an investment in advertising, is really an investment in communication with customers. Why is it so important to invest in communication?Communication is the backbone of all our relationships. You can’t build a new relationship with someone if you don’t communicate with them, in some way. In our personal lives, communication allows us to form new relationships with other people, whether it’s a friend, an acquaintance or a doctor. Communication is also what maintains our relationships. Just think if you stopped talking to a friend altogether, how would that affect your relationship with them? So if advertising is a form of communication, and communication is how we build and maintain relationships, then you could say that advertising is ultimately an investment in the relationships with your customers. Advertising is a way of fostering new customer relationships, and strengthening existing ones. Stop and think for a second about how important customers are to your business.I suspect you’d agree that your business could not exist without your customers/clients/consumers (whatever you prefer to call them). Whatever your business is, whatever shape your customers take – your business needs them. Customers are the life-blood of any business. It therefore makes a great deal of sense to invest (both money and time) in the relationships that customers have with your business, by communicating with them regularly through advertising. Whether it’s communicating for the first time about your business, or reminding a past customer about your services, advertising forms a key part of growing vital client relationships. And that’s where any advertising strategy needs to start – by focusing on your customers. How well do you know your customers?In conclusion, advertising plays a vital role in maintaining relationships with your customers, through regular communication. Advertising is a way to tell customers about your business and services, and leave them with a positive impression. Advertising is also a way of ‘keeping in touch’ with past customers. In the world of business, you could say that customers make the world go round. Without them, where would your business be? So don’t be deterred by advertising costs now – think of it as an investment today in your customer relationships, that will ensure your business’ success well into the future. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/57/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Are You an Entrepreneur or a Small Business Owner?</title> <link>https://adouhms.info/55</link> <comments>https://adouhms.info/55#comments</comments> <pubDate>Wed, 29 Mar 2023 13:29:11 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <category><![CDATA[Small Business]]></category> <guid isPermaLink="false">http://adouhms.info/?p=55</guid> <description><![CDATA[Do you want to be an Entrepreneur or a Small Business Owner? Is there a difference, and does it matter?There is a difference, and it’s easy to confuse the two or use the two terms interchangeably. A Small Business Owner owns their own business, but also actively participates in that business. Often the Small Business [...]]]></description> <content:encoded><![CDATA[<p> Do you want to be an Entrepreneur or a Small Business Owner? Is there a difference, and does it matter?There is a difference, and it’s easy to confuse the two or use the two terms interchangeably. A Small Business Owner owns their own business, but also actively participates in that business. Often the Small Business Owner is critical to the ongoing success of the company. Without him or her, the business either does not exist (i.e. medical, legal, accounting, consulting, freelancing) or would suffer greatly in the owner’s absence for any period of time.We often use the term “Solopreneur” to refer to the individual practitioner who is their own boss but must personally deliver a service or create a product for their business to generate revenue. While this may certainly be better than working for someone else, it’s still about trading time for money – and time is our most limited resource.Whether you are a Solopreneur or a Small Business Owner, you likely own a business that depends primarily on you. Perhaps the business is run by you and a couple of other founders. The point is, only a few people know and can execute on the secret recipe at the foundation of your business. And those key people must be present for the business to operate.An Entrepreneur instead builds a business and supporting systems that are independent from the founder. The founder may well be an integral (or exclusive) part of the businesses initially, but the goal is always to grow the business to the point where the owner does not have to be involved in day-to-day operations. When you build a business that continues to generate revenues in your absence, then you have created a truly leveraged model and can call yourself an Entrepreneur.Many of us start as Small Business Owners, enjoy success, and grow our companies. We may then move on to creating a larger business that does not require us to be present, and we graduate to the level of Entrepreneurship. If we repeat this multiple times, then we may call ourselves Serial Entrepreneurs.”Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.”<br />Howard Stevenson, Harvard Business School Professor.<br />You may not be clear at the start as to which one you want to grow up to be, an Entrepreneur or a Small Business Owner. But by asking yourself a series of hard questions, and honestly assessing your true desires, you are more likely to start a business that suits you best. And it’s certainly acceptable if you want to be Small Business Owner… we are not saying that’s a bad thing. But it’s important for you to begin understanding the difference between the two as it may impact the type of business you build and how you plan to develop it.It’s also important to avoid creating another low-paying harder-working “job”, like the one you may already have! Michael Gerber explains this situation best in his seminal book “The E-Myth”. This book is a must read for small business owners, with one of its major themes being the difference between working “in” your business (you make the pies) versus working “on” your business (others make the pies following your recipe and systems).As you prepare to become your own boss, or if you have already started a small business, it’s important to keep your long-term vision in mind. Doing so will help you determine the type of business you start and build, helping ensure that you achieve your definition of success.Do you want to be an Entrepreneur or a Small Business Owner? Here are some questions to ask to help you determine want you really want:</p><p>Do you want to own just one or two locations (i.e. one or two franchise units, or your own practice) or do you want to create something bigger with multiple locations and perhaps grow internationally (i.e. offer franchises and hire others to run the business)?</p><p>Do you want to work in the business (i.e. make the donuts) or do you want to have someone else manage the day-to-day operations (i.e. someone else makes the donuts following your instructions)?</p><p>Are you looking for a job or are you looking to create a self-managing company (a business that does not rely on your day-to-day presence for success)?</p><p>Do you prefer to create or do you enjoy executing?</p><p>Do you envision creating multiple different businesses across multiple industries?</p><p>Are you able to let go of all of the details, or are you a micro-manager?</p><p>Are you the only person who can deliver your service or product, or can you teach others how to do it?</p><p>Is your goal to work hard until a certain age and then retire, or continue creating and leading your businesses until you are no longer mentally capable? </p><p>Can you sell your business as it currently operates and without you having to continue being part of it?</p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/55/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Is Your Business Idea Any Good?</title> <link>https://adouhms.info/53</link> <comments>https://adouhms.info/53#comments</comments> <pubDate>Fri, 17 Mar 2023 17:20:16 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://adouhms.info/?p=53</guid> <description><![CDATA[As a small business consultant, I am often approached by people who have an idea for a business and want my thoughts on if it is a good idea or not. I find that I give those people the same advice almost regardless of what their idea is or who they are. In a nutshell [...]]]></description> <content:encoded><![CDATA[<p> As a small business consultant, I am often approached by people who have an idea for a business and want my thoughts on if it is a good idea or not. I find that I give those people the same advice almost regardless of what their idea is or who they are. In a nutshell I tell them “I’m sure your idea is fine. The questions you should be asking yourself is how will you make your business successful and are you the person to do it?”So, let’s break down that bit of advice into its component parts. There are three: Your idea, your strategy, and you.Your IdeaIn a world seemingly busting at the seams with both good and bad ideas, how does yours rate? Many first time entrepreneurs feel that finding the right idea is similar to a quest for the Holy Grail. It is not. My favorite example of this comes from the movie “Office Space” where the idea of the Pet Rock is discussed, “Sure it was [a good idea]. The guy made a million dollars.” Funny, perhaps, but probably not far from the truth. Gary Dahl, the inventor of Pet Rocks, did make money selling Pet Rocks and even sold the rights to Pet Rocks as recently as 2009. Arguably an awful idea, Pet Rocks actually had a lot of quirky charm as the marketing around them was filled with puns and play on words. And, it was this, not the sale of rocks at incredible markups, which netted Dahl his profits.The point is, ideas, in and of themselves, rarely have much value one way or another. It is nearly impossible to say one is good while another is bad. We all have that friend who shouts from their couch at commercials that the product is stupid, or that they thought of it years ago. What is the difference between them and the person who is making all that money selling those products and/or services? Effort.So, when considering a business idea, simply ask yourself if you are a reasonable and intelligent person who is capable of coming up with a sound business idea. If the answer is “yes” then you have what may be a successful business idea, regardless if it is a good or bad one.Your StrategyNext is your strategy. Strategy is a funny word in the context of business because it essentially gets boiled down to having a sound approach. A lot of meaningless terms get used and misused in the world of business strategy. My personal favorite example is “first mover advantage.” In reality, “the first mover advantage” is often the “first mover disadvantage” as you’ll hit every roadblock along the way and others get to learn from your mistakes. Don’t let little truisms and phrases be the building blocks of your strategy.Ask yourself, now that you have an idea, how are you going to really make it a business? The most common misconception here is that strategies that you have seen deployed at an existing business will have any bearing upon your new business idea. There is a huge difference between what is commonly referred to as Corporate Strategy (which is what most any business that has been around for more than 2-3 years use) and New Venture Strategy (which is what you and your new business idea will have to use to get started).The new venture strategy you use is paramount to the success of your idea. Far more than the idea itself. But, don’t expect most people to know how to play the new venture strategy game. It is unique and subtle, but can be mastered by really thinking deeply about how you are going to get your idea in front of the people who might buy it. “Market Acquisition” (admittedly, another overused and often misused strategy word) will be the most crucial aspect of what you do to make your idea a successful business. As of day one, nobody knows who you are or what you do. How do you plan to change that, in such a dramatic way that you can actually make a business out of it?Make sure to run your ideas by lots of people and gain as much feedback as you possibly can. If you know a successful entrepreneur, definitely get their thoughts as they will be invaluable. This is also a wonderful time to learn one of the most important rules of running any business, regardless of size, which is to ensure you are not just asking people who confirm whatever you say just to make you happy. Critique and refining of your plan are the keys to doing this part right.YouLast, but most important, is you. There are countless examples of entrepreneurs with seemingly great ideas and wonderful strategies whose businesses never see the light of day because they simply are not the ones to bring their idea to the world. Do some honest reflection. Not just about who you are, but who you are within the context of your business idea. Are you really the person that can make this idea a successful business? Do you know the industry or at least have relevant contacts? Probably most important, do you have the time, effort, and dedication to really see this through?One thing a lot of people get stuck on at this stage is money. I have met dozens of people who tell me they have a great idea and strategy but they would need some amount of money, which they inevitably do not have, to make a real go at it. This, more often than not, is simply a convenient excuse to rationalize wimping out and not following through on what might otherwise be a great business. Money is always out there. There are friends and family who might be willing to support your business idea. If not, there are angel investors and plenty of people who would love to fund interesting and exciting ideas. Want to know what these people look for, first and foremost, when you approach them looking to have them invest? When you are pitching your idea, they are analyzing your strategy, and even more closely, you. If you present a convincing strategy, that’s great. But, if you can show that you have the requisite skills to make that plan successful, few investors will care what your idea is – a winner is a winner.So, don’t sweat your idea. There are a million businesses out there for which the underlying business ideas sound borderline ridiculous. But, behind most of those ridiculous ideas is a person who is very happy running their own company and often making quite a bit more money than they were before they started. The key to their success was not having a moment of brilliance and simply cashing in on it – it took a solid strategy and then a lot of effort to execute on it. So, take your ideas, examine them deeply, devise winning strategies and then, finally and most importantly, analyze yourself in the context of those strategies. It is certainly more effort than just coming up with the idea itself. But, it is also far more likely to turn your idea into a business and, more importantly, turn you from just another person with an interesting idea into a successful entrepreneur. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/53/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Without Trouble Check And Manage Your Personal Finances Without Downloading Software</title> <link>https://adouhms.info/51</link> <comments>https://adouhms.info/51#comments</comments> <pubDate>Fri, 17 Mar 2023 15:33:01 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://adouhms.info/?p=51</guid> <description><![CDATA[Some are not aware know that one can manage and check their finances directly online. It’s part of an effort by the computing technology industry to implement a fairly new form of computing in which you don’t have to have any application software on your system.This idea was encouraged several years ago by Sun Micro [...]]]></description> <content:encoded><![CDATA[<p> Some are not aware know that one can manage and check their finances directly online. It’s part of an effort by the computing technology industry to implement a fairly new form of computing in which you don’t have to have any application software on your system.This idea was encouraged several years ago by Sun Micro System Inc. and it is called thin client computing. Your personal computer acts like a terminal instead of a computer. It interacts with a program that is running on a web server rather than on your machine. With thin client computing, you can use any program service on the internet and not have to buy expensive software.With Ease Over See Online FinancesOnline personal finances services follow the thin client paradigm. Your browser serves as a graphics user interface, accepting, receiving, and displaying data and graphics. The information bits is sent and received to and from web servers, the site where the program that’s managing your session resides and runs. All computation is done on the server side. Your machine just displays and receives input. Therefore, this means that your data is also stored on the server rather than on your machine. For services offering management of personal finances on the web, this can be a dubious proposition. It’s important that you safeguard your identity and download tax documents for later use.The current premiere example of an online personal finances service is Quicken Online. It uses categories to group your online transactions which you setup. For convenience, one can add more or deleted categories. You can add, delete and edit transactions, which will be either of the expense or the income kind. You can then view charts for a rapid view of your income and expense performance. This is a fee based system that costs you only a few dollars each month.Mint.com, for another example, is offering an online personal finances service that allows you to track your expenses and income. As of this writing, this service was free. When you join, you are asked to give a user name and a password that you will use to access your accounts. You setup for the capture of your online transactions and these are stored for you on the servers. For convenience sake, each transaction has a category, and Mint.com uses these categories to offer you deals – they’ve got to make money too. For example, if you have a transaction under the telephone category, Mint.com suggests some deals for phone services. These deals are supposed to help you save money. One can even purchase bank checks over the internet at big savings over what a financial institution would charge; about 50%. For many people, this may be irritating, but you can put up with a little irritation for a free service like this, can’t you?Many other online services for personal finances have appeared since the feasible thin client computing concept was invented. One can even pay bills online. Your personal data is captured, so be aware what safeguards are in place to ward off any prying eyes. It’s great freedom to have an online alternative. What is fantastic, you don’t need to download any programs!No matter what service you need in for financial management. You can even order checks on line over the internet and have a 50% savings. The process to order checks online is quicker than driving to the local bank and ordering, plus there are more choices. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/51/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Indian Online Finance Community – Challenges and Precautions</title> <link>https://adouhms.info/48</link> <comments>https://adouhms.info/48#comments</comments> <pubDate>Fri, 17 Mar 2023 13:56:34 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://adouhms.info/?p=48</guid> <description><![CDATA[Security is one of the key requirements by financial customers today as they increasingly use the Internet to not only manage their financial transactions online but also to buy different financial products. Online finance community is the buzz word of the young Indians. With the increased per capita income and shortage of time, people are [...]]]></description> <content:encoded><![CDATA[<p> Security is one of the key requirements by financial customers today as they increasingly use the Internet to not only manage their financial transactions online but also to buy different financial products. Online finance community is the buzz word of the young Indians. With the increased per capita income and shortage of time, people are now preferring purchase through online mode. Swiping a credit card has become a common phenomenon. In such a scenario, banks and other financial institutions should invest in and promote the security of their online websites stand to differentiate themselves from their competitors and win more customers. The rapid growth in online phishing along with identity scams and increasing regulatory pressure has ensured that security is a critical concern among the online finance community in India.Day by day banks are exploring a variety of online security threats. The key ones among them are phishing, keyboard logging and man-in-the-middle who have emerged as serious threats over the last 18 months. The interesting part of this security story is that these threats are something that the customer must protect themselves against and requires a lot of customer education and financial literacy. When a bank realises that there is a phishing attack; there is enough possibility that some of the customers would have already been affected by this . There are a number of solutions available to prevent each of the above mentioned threats and it is important that the banks implement them as soon as possible to make the online finance community more secured.Apart from phishing, the other disruptive threats that affecting the Indian online finance community are spamming, virus infusion and Trojans. These threats have been there for a long time but cannot be ignored. The spectrum of affected areas by these threats range from identity theft of bank’s online customers to loss of transactional integrity for online deposits and withdrawals. There a number of attacks associated with Indian online finance community which require large investments and may not be justifiable with the customer base of some banks. As a matter of fact, there are many banks who are willing to compensate for the fraud losses but not picking up a solution to prevent the same.The online finance community’s need for security policy must be continuously monitored and updated as a result of newer security threats. This constant updation is required because the bank has to continuously evaluate the risks, the cost of technology solutions and even the upgradation. Then it gets all the more challenging due to a variety of technological solutions available in the market, each addressing one or the other problem but none offering a one-stop solution. A number of online banking users are unaware regarding types of threats they face online and the precautions that they must take to counter them. Hence, financial literacy is a must for the Indian online finance community. The customer education becomes a key element to prevent the manifestation of a number of risks associated with these frauds.The growth of online finance community also depends a great deal on the customer-targeted communication from the banks to alleviate the fears of all these above risks. The experienced eyes of an Internet-savvy can detect potential phishing attempts when compared with a customer comfortable with the traditional mode. The beginners or users who have started adopting online banking do not continue to use them if they are struck by a fraud or attempts of fraud. This is due to the fact that their confidence on such a channel is drastically reduced and fall back on the traditional modes of banking. Hence, to conclude, the regulatory bodies should enforce online security norms,and reward initiative and innovation from the banking and IT communities. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/48/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Branding a Game Company</title> <link>https://adouhms.info/46</link> <comments>https://adouhms.info/46#comments</comments> <pubDate>Thu, 02 Feb 2023 10:44:20 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://adouhms.info/?p=46</guid> <description><![CDATA[You can’t be everything to everyone. We are all uniquely different. Think of a close friend. What feelings come to mind? What words describe that friend? Now, think of another friend. What feelings come to mind? I bet you had distinctive feelings for both friends. That’s their brand.Brands are like people. They take on personality [...]]]></description> <content:encoded><![CDATA[<p> You can’t be everything to everyone. We are all uniquely different. Think of a close friend. What feelings come to mind? What words describe that friend? Now, think of another friend. What feelings come to mind? I bet you had distinctive feelings for both friends. That’s their brand.Brands are like people. They take on personality traits and we like those traits or we don’t.This means you are a brand. You evoke certain feelings when people think of you. The entirety of who you are, is your brand. Your beliefs, likes, dislikes, attitude, personality, style, etc. are all things that create you. These same things make up a company brand.We all have distinct feelings about each of the top ten brands in 2009. Some brands you know better than others; some brands you like better than others. It’s no different than friends compared to acquaintances. Being everyone’s best friend is being no one’s best friend.Building a brand for a game company is the same as for a car company, beverage company, restaurant, or any business. The major game companies don’t need a lesson in the importance of branding–they already spend millions a year doing it. That’s why their games sell so well. Consumers know their product. We know what to expect from a game with the EA logo on it.When your target audience sees your game with your logo, do they know what to expect? They should. A company name should sell itself. That’s the power of a brand.Your company needs to have a brand as much as you need to have a personality. It doesn’t matter how big or small: a one man show or a thousand man spectacle. You need a brand.Your customers will develop feelings about your company based on points of contact. These experiences can be influenced or the chips can fall where they may. There are brands that people want to evangelize and tell their friends about. That brand makes a top ten list. That’s a brand you want. That brand didn’t happen by accident.A strong brand allows for competition on more than price. Competing on price is the weakest competitive advantage. Anyone can lower prices until they go out of business. That’s not smart business. Smart businesses create their own market with few competitors. You can’t achieve this without a brand.thatgamecompany, the makers of the popular flOw, has a distinct brand. Their games are truly unlike any others in the industry. Their games won’t be a fit for everyone and that’s okay. They call their games “core games”. They are in their own market with few competitors.So how do you build a brand and benefit from it? First, your company needs to know Who am I?You have an identity. The people who make up your company have an identity. What are they? What makes you tick? What makes your employees tick? Why are you in business? What do you do? Why do you wake up every day? What is your passion? What do you offer your customers?Don’t try to hide your identity. It is a fools errand to pretend being someone else. Take the example of Superman and Clark Kent in their quest for Lois Lane’s affection.Clark Kent hides his identity. He pretends to be someone else. He is not a run-of-the-mill small town boy looking to make it in the big city. Clark fails miserably to court Lois. On the other hand, Superman knows who he is. He doesn’t hide his otherworldly origin or his super powers. He saves people from danger because he believes he should. It’s not an act, it’s who he is. Superman wins.Clark Kent and Superman are exactly the same person. One is true to himself and the other is not. A brand that attracts people is like Superman.A small game company with a few employees should not be ashamed of being small. That is who you are. Don’t pretend to be bigger. You cannot build a brand on a foundation of lies.A large game company shouldn’t pretend to be an indie shop. It isn’t you. People will see right through it. No one likes a liar. No one wants to do business with a liar.The goal of a brand is not to be a fit to everyone. Not a single successful brand does that. Successful brands are like successful people. They know who they are and believe in their work. People are attracted to them because they are real. Not everyone will like them but, those who do will make a real connection. That’s a fan for life. Lifetime profitability is the lifeblood of long term success.Every point of contact with customers need to be congruent with your brand. The only way to do that is to be able to communicate who you are to your employees. Your brand starts with your employees. You can’t communicate that you are a friendly, loving, smile-flashing company and have employees who are rude to customers.The people responsible for direct interaction with customers should exemplify your brand. If your brand is fun, social, helpful, and out-going then you need people who have those qualities. Best Buy’s Geek Squad needs technology and gadget lovers working for them or there will be a brand disconnect.The quickest way to communicate your brand to employees and customers is with a tagline.A good tagline is essential. Potential customers should know what you do and who you are in a blink of an eye. Your tagline needs to tell them everything they need to know in a few words. A tagline is like a signature, it should be distinctive. Once you come up with a good tagline, use it on everything. There is no point in having a tagline if you aren’t going to use it.Take the time and effort to come up with a great tagline. It may seem useless to put so much effort on a few words but, you need those magical words that eloquently consolidates everything you are. It’ll help keep everyone in the company focused and on the same page. That is priceless.Everything about your company needs to be congruent with your brand: company logo, mission, employee attitudes, website, advertising, story, etc. All of it. Every inch of your company needs to reflect your brand.Building a brand takes time and effort. Two people can’t become great friends in one sitting. It takes a series of meetings, activities, conversations, cups of coffee, pints of beer, etc. Every contact builds the relationship. Every contact provides more information about each other. Showing up as a different person at each contact will never create a strong relationship. Building a brand is like building a friendship.Brands are like people. </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/46/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> <item> <title>Beat the Crowd When Investing in Real Estate</title> <link>https://adouhms.info/44</link> <comments>https://adouhms.info/44#comments</comments> <pubDate>Mon, 30 Jan 2023 17:48:25 +0000</pubDate> <dc:creator>admin</dc:creator> <category><![CDATA[Uncategorized]]></category> <guid isPermaLink="false">http://adouhms.info/?p=44</guid> <description><![CDATA[We all are thinking about it and some of us are actually taking action and getting their hands on real estate investment properties. The longer the NY Stock Exchanges doesn’t produce desirable returns the more people are starting with real estate investments.For most of us the obvious choice of properties are single family homes. Although [...]]]></description> <content:encoded><![CDATA[<p> We all are thinking about it and some of us are actually taking action and getting their hands on real estate investment properties. The longer the NY Stock Exchanges doesn’t produce desirable returns the more people are starting with real estate investments.For most of us the obvious choice of properties are single family homes. Although you can invest in real estate without owning a home, most people follow the experience they made while purchasing their own home. This is familiar ground and the learning curve for doing a real estate deal of this type is pretty slim.Of course there’s a drawback with this approach. The competition is fierce and there are markets where investors are artificially driving up the cost of the properties while completely discouraging first time home buyers. If this is the case, the burst of the real estate bubble is just a matter of time.How do you avoid these situations and still successfully invest in real estate? How do you get ahead of the competition and be prepared for bad times in real estate investments as well? The only answer I have is commercial real estate.Why commercial real estate you might ask? Commercial real estate is a solid investment in good and bad times of the local real estate market. The commercial real estate I’m referring to are multi unit apartment buildings.Yes you will become a landlord and No you don’t have to do the work by yourself. You are the owner and not the manager of the apartment building. The cost of owning and managing the building is part of your expenses and will be covered by the rent income.Apartment buildings are considered commercial real estate if there are 5 or more units. To make the numbers work you should consider to either own multiple small apartment buildings or you should opt for bigger buildings. This will keep the expense to income ratio at a positive cash flow. Owning rental properties is all about positive cash flow.With investing in single family homes it is easy to achieve positive cash flow. Even if your rent income doesn’t cover your expenses 100%, the appreciation of the house will contribute to the positive cash flow. With commercial real estate the rules are different.While single family homes are appraised by the value of recent sales of similar homes in your neighborhood, commercial real estate doesn’t care about the value appreciation of other buildings. The value of the property is solely based on the rent income. To increase the value of a commercial real estate you need to find a way to increase the rent income. The formula on how this is calculated would be too much for this short article. I listed a few very helpful books where you can find all the details.What’s another advantage to invest in commercial real estate? Commercial real estate financing is completely different than financing a single family home. While financing a single family home you are at the mercy of lenders who want to make sure that you are in the position to pay for the house with your personal income. Commercial real estate financing is based in the properties ability to produce positive cash flow and to cover the financing cost.After reading all these information about commercial real estate you want to go out there and dive into the deals. Not so fast. First, you need to learn as much about real estate as possible. In commercial real estate you’re dealing with professionals. If you come across too much as a newbie you will waste these guys’s time and your commercial real estate career ended before it actually started. Second, no commercial real estate lender will lend you any money if you can’t show at least a little bit of real estate investment experience.What’s the solution to this? Go out there and do one or two single family home deals yourself. It doesn’t matter if you make huge profits to start off with. Most newbie investors are losing money on their first deal anyway. If you can manage to show positive cash flow with your single family home deals you are ahead of the pack.My advice, buy a small single family home in a decent neighborhood and rent it immediately. This will keep your out of the pocket expenses at a minimum and you will have rent income to cover for your monthly expenses. Bonus, you gain experience as an investor and as a landlord.Here’s another observation I made during my real estate investment career. Most people like to analyze, learn, discuss and analyze some more. They never actually got to do a real estate deal. They love to talk about real estate investments, but never did it themselves.My approach to real estate investment was simple.- I bought some books about real estate investment.- I read every single one of them.- I put together a simple plan on how I want to get started.- I started looking for properties.- I bought my first investment property 30 days after I started reading my first book.- I made positive cash flow with all of my properties so far.What is my point? You have to go out there and practice what you’ve learned. The only valid credential in the real estate business is practical experience. Having a couple of deals under your belt, you can go out there and start looking at commercial real estate and even impress seasoned investors with your knowledge. Because you made this experience by yourself and you know what you’re talking about.Book reference for commercial real estate investments:Gary W. Eldred, PhD: “Make Money with Small Income Properties”Jack Cummings: “Real Estate Financing and Investment Manual”You will find these books and many more on my real estate investment website at http://www.suncoastrenttoown.com/author_directory.htmSincerely,Peter Dobler </p>]]></content:encoded> <wfw:commentRss>https://adouhms.info/44/feed</wfw:commentRss> <slash:comments>0</slash:comments> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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