Sunday, September 14, 2014
Monday, September 8, 2014
Thursday, September 4, 2014
14 Best New Business Ideas for 2014
14 Great Ideas for 2014
New year, new chance to jump on the entrepreneurial bandwagon and start the business of your dreams. Based on recent data, research and anecdotal evidence, these 14 business ideas have great potential in 2014.14. Recycling pickup
Most homeowners have pick-up bins for standard recyclables like paper, glass and plastic, but they often don't make the effort to properly recycle electronics and batteries, which can be extremely harmful to the environment when left in landfills. Offer to pick up all the e-waste that's been collecting in their garages — old televisions, broken laptops, defunct cellphones — and bring them to your local electronic recycling facility. Charge per item, by weight, or a flat fee plus travel to and from the location.13. Software trainer
If you're proficient in a highly specialized software, you can get paid to pass your knowledge on to amateurs and professionals looking to expand their skill sets. Technical manuals are available for programs like QuickBooks and Final Cut Pro, but these are often expensive and difficult for the average user to get through. Schedule small group workshops or private sessions, and charge by the hour for a full tutorial of the program. The best part about this gig is that it can be done part time.12. Healthcare Consulting
The combination of aging baby boomers and the upcoming changes of theAffordable Care Act means that the healthcare industry will rapidly continue to expand. As an independent healthcare consultant, you can offer management and data analysis for organizations like hospitals, labs and therapist offices to help implement solutions to improve efficiency and/or save money. This is a great opportunity to put that marketing or economics degree to use.11. Food Truck
We included this on our list of businessideas for foodies, and for good reason: a December 2012 study by Intuit and Emergent Research predicted that revenue from the food truck industry will reach $2.7 billion by 2017. A truck is a much less expensive investment than a brick-and-mortar restaurant and, according to Mobi Munch founder Josh Tang, the failure rate for food trucks is just 10 to 20 percent (as opposed to 60 to 90 percent for restaurants). With the right equipment and some great recipes, you can have your mobile eatery up and running in no time.10. Freelancing
Companies are increasingly turning to freelance and contract workers to fill the skill gaps in their staff. It's not hard to imagine that you could build a whole company around providing freelance services of one sort or another. According to Freelancer.com, which lists more than a million freelance projects on its site, the most in-demand freelance services are: data entry, academic writing, Excel projects, data processing, Web search and Facebook-based jobs. Hourly rates start at $30 an hour and stretch into the hundreds.9. Mobile consulting
It's been said before, but it bears repeating: mobile is now a non-negotiable for almost any business. Finding ways to go mobile is a challenge for many business owners. If your company can provide affordable mobile solutions to businesses that need them you'll find mobile consulting a rich business opportunity.According to Jamie Turner, founder of a company called "The 60-Second Marketer," there will be ongoing need for mobile assistance.
"Research from the 60-Second Marketer indicates that there are more people on the planet who own a mobile device than who own a toothbrush," said Turner, who co-authored the new book "Go Mobile" (Wiley, January 2012) with Jeanne Hopkins. "So it's safe to say that your prospects are using mobile. If you're in business, it's your job to be where your prospects are. Your prospects are in mobile right now."
8. Translator
There's no denying the global marketplace is growing and reaching beyond the borders of China and Mexico. All that cross-cultural communication is creating a growing need for translators, according to the U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook, 2010-11 Edition. It predicts a greater demand for interpreters and translators resulting from the broadening of international ties and growth in the number of non-English speakers in the United States will result in a projected 22 percent increase in the number individuals employed in this profession.This translates into a big business opportunity for entrepreneurs who can bring foreign-language speakers together with businesses in need.
7. Employee-monitoring services
Employees are increasingly mobile. In fact, it is estimated there will be 1.3 billion mobile workers by 2015. So how are employers supposed to keep track of what their workers are doing? The answer provides myriad business opportunities for entrepreneurs. One company, Exaktime, recently debuted a mobile time clock. There are also vehicle-tracking time clocks and time-clock apps. But employers often don't have the staff or the time to manage all this new data and distill it to what is needed for payroll and billing.A company that could provide employee-monitoring services, as well as some additional outsourced human resources functions, would be in great demand right now.
6. Traveling salon
As people live longer, there's an increasing need for senior services of all sorts. And not all are related to health care. One such service, a mobile salon that travels to customers' residences to do their hair or nails, has nothing but growth potential. As aging baby boomers move into the senior citizen category, there will be a growing need for these mobile services that help keep boomers looking good without requiring them to make a trip to the salon.5. Vending-machine business
Increasingly, health-conscious and time-strapped Americans are looking for quick food on the go that is healthier than the soda and chips you usually find in vending machines. This has spawned a whole new industry of health-oriented, unique and specialized vending companies that offer franchisees the chance to own and service as few as one or two machines. One such franchise has had big success putting healthy vending machines in schools, offices, public buildings, etc. Owning a vending-machine business offers franchisees the opportunity to start small and test the waters.4. Smartphone repair
Smartphones have become indispensible for both business and personal use. But have you ever tried to get one fixed? It can cost as much to as it does to buy one. Smartphone-repair services are starting to crop up around the country, but for now, this market is wide open.3. Contracting
If you've tried to hire a contractor lately you probably already know that something odd is going on. Anecdotal evidence suggests that many contractors went out of business during the height of the recession and those that survived got lean and mean. Now, as the economy improves and Americans are spending money to improve their homes, they are having trouble finding contractors – electricians, plumbers, roofers, painters and more. Contractors say they are facing a shortage of skilled labor and having trouble finding employees to rebuild their former skeleton crews.This creates an opportunity for skilled workers who are ready to take the leap from being an employee to owning their own company. Starting small is probably the best way to test the waters. You can grow after you've proven your success.
2. Testing business
Apps, websites, e-commerce…they've become must-haves for any business. But often, they don't work. The reason is that businesses don't test their applications or software carefully enough. Testing services are in hot demand. One company, SOASTA, offers cloud testing services for clients. There's room in this market for growth. A service that specializes in niche testing would have an edge over broader testing services.1. Business services
A lot of companies cut back on support staff during the recession and many are reluctant to rehire, even though they need help. This is creating a business opportunity for anyone who can provide marketing, human resources, healthcare management or any other service a business needs.According to Stephanie Scott Harbour, owner of the New York Mom Corps franchise, there is a big demand for services in marketing, finance and human resources.
"We are seeing increased client demand for specific functional roles – particularly marketing, finance and human resources. We are hearing from our clients that these departments have been downsized over the past few years, and are now in (sometimes desperate) need of additional support," she said.
101 Small Business Ideas
If you are looking for a new small business opportunity, you are in the right place. This list of 101 small business ideas includes everything from personal services, to retail opportunities, to environmental services, to pet-related ideas, to technology businesses. Use this list to identify the business idea that is perfect for your situation.
- Air Duct Cleaner
- Antique Furniture Sales
- App Developer
- Appliance Repair Technician
- Aquarium Maintenance
- Basement Remodeler
- Blog Consultant
- Bookkeeper
- Business Consultant
- Candle Maker
- Candy Maker
- Carpenter
- Catering Service
- Childproofing Expert
- Cloth Diaper Service
- Composting
- Computer Repair and Maintenance
- Computer Trainer
- Construction Cleanup
- Customer Service Professional
- Data Entry Service
- Desktop Publishing
- Direct Mail Marketing Service
- Disaster Planning and Prevention Service
- Dog Trainer
- Dog Treat Baker
- Dog Waste Remover (Pooper Scooper)
- Doula
- eBay Consultant
- eBay Seller
- Florist
- Freelance Writer
- Furniture Mover
- Gardener
- Genealogist
- Grant Writer
- Green Cleaner
- Green Consultant
- Gutter Cleaner
- Hair Salon Owner
- Handmade Crafter
- Handyman
- Hauling Services
- Holiday Decorator
- Home-Based Child Care Provider
- Home Stager
- Home Theater Designer
- Home Weatherization Professional
- House Painter
- Ice Cream Shop Business
- Image Consultant
- Ink and Toner Cartridge Refilling
- Interior Designer
- Internet Researcher
- Jewelry Maker
- Laundry Service
- Life Coach
- Locksmith
- Marketing Copywriter
- Massage Therapist
- Medical Transcriptionist
- Motivational Speaker
- Nutritionist
- Organic Hair Care Products Seller
- Organic Lawn Care Provider
- Party Planner
- Personal Chef
- Personal Concierge
- Personal Trainer
- Pest Control Professional
- Pet Couture Designer/Seller
- Pet Groomer
- Pet Sitter
- Photo Restoration Service
- Photographer
- Pizza Parlor
- Pool Cleaning and Maintenance Provider
- Private Tutor
- Professional Organizer
- Project Manager
- Proofreader
- Public Relations Agency
- Resume Writer
- Sales Consultant
- Scrapbooker for Hire
- Senior Care Provider
- SEO Consultant
- Snow and Ice Removal Service
- Soap Maker
- Social Media Consultant
- Speech Writer
- Tax Accountant
- Translation Service Provider
- Tree Farmer
- Video Producer
- Virtual Assistant
- Virtual Call Center
- Voice-Over Professional
- Web Designer
- Wedding Planner
- Yoga Instructor
Monday, September 1, 2014
9 Pet Businesses to Start Today
The array of product and service businesses for pet owners is only limited by your imagination. Many people treat their pets like their children and, following that logic, most products that people want for themselves, they'll want for their pets. Just look at recent trends in the industry--organic foods, homeopathic products, luxury accessories--and you'll easily find they mirror counterparts for human folk.
But there are still traditional services and products for pets and their owners that will never go out of style. Here, we present 10 evergreen pet businesses, excerpted from James Stephenson's books 202 Things You Can Make and Sell for Big Profits , 202 Services You Can Sell for Big Profits , andEntrepreneur's Ultimate Start-Up Directory . With ideas like these, you'll be catering to your furry, finned and feathered friends in no time.
Pooper-Scooper Service :
Believe it or not, you can make a very comfortable living by starting and operating a dog pooper-scooper service in your community. This is an easy business to start; it requires little investment, no special skills, and minimal equipment to operate. Basically, if you can handle a shovel and plastic bags, and can put up with less than aromatic smells, you're qualified to run a pooper-scooper service. If not, you can still cash in on this booming growth business by marketing and managing the service while hiring others to do the dirty work. Spread the word about your pooper-scooper service by advertising in local newspapers, pinning fliers to bulletin boards, and through dog-related businesses and clubs in the community. Most services charge a flat monthly rate of between $30 and $60 to stop by customers' homes or businesses weekly to clean up their yards, which takes no more than 10 minutes per visit. You'll need reliable transportation, a cell phone, garbage buckets, plastic bags, shovels, gloves and a good pair of rubber boots.
Pet Photography:
As an animal lover, I can't imagine a business that would be more fun and rewarding than operating a pet photography service. Unfortunately, I'm not a very good photographer, but if you are and you love pets, then what are you waiting for? Start a pet photography service! Owners of dogs, cats, reptiles, horses, champion livestock, birds, and even fish can all be potential customers. Full time or part time, operate the service on a mobile basis, from a homebased studio, or from pet shops, or combine all to cover all the bases. Making the experience fun for pets and their owners will go a long way toward securing repeat business and a ton of referrals, so liven things up with pet costumes, themed backdrops, and by offering pet videotaping services, complete with music, titles and special effects. Likewise, to boost profit potential also offer a wide assortment of products that customers can have their pets' photographic images transferred onto--key tags, greeting cards, calendars, mugs, hats, T-shirts, sports bags and bumper stickers.
Dog Clothing and Accessories:
Americans spend more than $30 billion annually on their pets, and big bucks can be earned by designing, making and selling designer duds for dogs. Sweaters and rain jackets are sure bets to become top sellers, but dog lovers around the globe are also buying designer doggie hats, goggles, shirts, booties, scarves and even Halloween costumes for their beloved furry friends. The criteria for getting started are minimal--design skills, sewing skills and equipment, patterns, and a bit of gumption to get out and pitch your fabulous designer fashions for mutts and pedigrees alike to pet shop retailers, especially if your ambitions are to establish wholesale accounts with chain and independent pet shop retailers. If not, there are still many ways to sell direct to dog owners. These include exhibiting and selling at pet fairs, online sales via dog-related websites, mail order sales supported by newspaper, catalog, online and magazine advertising, and establishing a doggie clothing boutique at home or in a retail storefront location. As dog owners know, word travels fast amongst dog owners, and when a great product for a pet is found, he or she is quick to spread the word to other dog owners.
Pet Sitting:
Lots of people have pets that can't be boarded or left with friends and family when the need arises--pets with chronic health conditions or exotic pets that are difficult to take care of. Likewise, many people prefer to have their dogs, cats and other pets in the safety and familiar surroundings of home, rather than an unfamiliar boarding environment. When these pet owners want or need to be away from their home, there is only one solution available: hire a pet-sitting service to come to their homes and take care of their beloved pets while they're away.
If you want to work on a small scale, you can be the pet sitter. But if your intention is to operate full time with an eye on growth, you'll need to hire or contract additional pet sitters. Good candidates for the job include pet-loving retirees and students. Market your pet-sitting services through pet-related businesses in your community such as veterinarians, pet supply retailers, dog trainers, dog walkers and pet-grooming services. Remember, many people also hire pet sitters for short periods of times--a weekend away, a night out, or time off for family events. Therefore, you'll need to develop fee schedules for long- and short-term jobs.
Dog Day Care:
Day-care facilities for dogs are becoming increasingly popular, especially as more and more caring dog owners are realizing the benefits of leaving their beloved dogs at day care with other dogs instead of at home alone while they are at work. Dogs, like people, are social creatures and need contact with people and other dogs to become well-behaved and confident. However, a dog day care should not be confused with a kennel, which boards animals for short- and long-term time spans. A doggie day care is strictly a drop off in the morning and pick up in the evening or anytime during the day type of operation. If space allows and your neighbors don't mind the barking, you can open at home. A better alternative is to rent commercial warehouse space and covert it into a dog day care spa, complete with water features, fenced outdoor space, and indoor couches to ensure your clients have all the creature comforts they're used to at home. One innovative day care center in my community recently installed web cams throughout their facility so people at work could log onto their website and see live footage of their dogs playing with other dogs. Current rates are in the range of $15 to $25 per day, with discounts for weekly service.
Dog Obedience Training:
Dog obedience training is a multimillion-dollar industry, and continues to grow by double digits as more and more dog owners realize the benefits of professional obedience training. Training classes can be held at your home in a one-on-one or group format, or if your home isn't suitable you can travel to your customers' homes and train one-on-one. Likewise, you can also strike deals with schools and community center to hold dog obedience classes on weekends and nights. Many trainers are currently not certified by a recognized association, although that trend is changing. If you're serious about making dog obedience training your career, I strongly suggest you receive professional training to become an instructor and obtain the required certifications. Not only can certification be used as a powerful marketing tool when persuading people that you're the right trainer for their dog, but having the proper credentials will also mean that you can charge a premium for your services. Current rates for in-home training are in the range of $30 to $50 per hour and many trainers create dog-training packages for their customers, which include a set amount of training classes and course materials in print and video formats.
Dog Walking Service:
A dog walking service is perfectly suited fro the person who has the time, patience and a love for dogs. Best of all, this business can be started for less than $100. There are various styles of multi-lead dog walking collars and leashes available that will allow three or more dogs to be walked at the same time without becoming tangled in the leash. Acquiring this equipment will be important to your new business, as it will reduce frustration and enable you to walk multiple dogs at the same time, thus increasing revenues and profits. To secure clients for the service, simply design a promotional flier that explains your dog walking service and qualifications. Distribute the fliers to businesses that are frequented by dog owners, such as groomers, kennels, pet stores, community animal shelters, and veterinarians. Once word is out about your dog walking service, it shouldn't take long to establish a base of 20 or 30 regular clients.
Tropical Fish and Aquarium Rentals:
Gigantic profits can be earned by starting a tropical fish and aquarium rental business, and best of all, this very unique enterprise can be set in motion for less than $5,000 and managed right from your home office. At this point, I'm sure you're wondering exactly who would rent tropical fish and an aquarium? The list is very long, and if you think about waiting rooms, the list of potential clients can include doctors, lawyers, restaurants and business offices. Once a regular client base has been established for this business, the annual profits could well exceed $50,000 or more.
Pet Toys:
Designing, manufacturing and wholesaling pet toys could put you on the path to financial freedom, and this opportunity can be started part time from home on a minimal initial investment. There are literally thousands of different pet toys on the market and this is definitely a situation where it's not important that you build it first, only better. The toys can be sold on a wholesale basis to pet retailers, or even directly to consumers via the internet and mail order. The key to success in this type of business is to have a high-quality toy and the ability to get the pet toy in front of as many potential customers as possible. Remember, pets are like children to most people and generally people will spare no expense when it comes to the happiness of their pets.
Gourmet Pet Treats:
The fastest growing segment of the pet foods industry is gourmet dog treats. There's a lot of money to be made in this business because the profit margin is very high and people are willing to pay for the best dog treats money can buy. As people become more health conscious of their own diets, they begin to scrutinize their pet's diets as well, and many are turning to naturally made food and biscuits for their dogs, even though all-natural handmade biscuits cost as much as ten times more than commercially produced biscuits.
Making dog biscuits at home is easy; all you need to get started are dog biscuit recipes, healthy ingredients, biscuit molds (those shaped like bones and cats are favorites), a catchy name, and packaging materials. Baking and selling specialty dog treats is a fantastic opportunity for pet-loving entrepreneurs who want to work from home and have lot of fun. Selling options are plentiful. Sell to independent and chain pet retailers on a wholesale basis or to consumers via online pet products marketplaces, at pet fairs, and from your home supported by word-of-mouth advertising. The advertising is very easy to get, providing dogs love your treats.
James Stephenson invests his fifteen years of small business, marketing and sales experience into his books. He has started and operated numerous successful homebased businesses, and is author of the highly acclaimed books Ultimate Start-Up Directory and Ultimate Small Business Marketing Guideas well as the 202 Series. James operates Stephenson & Stephenson, a consulting firm providing small business owners with creative, results-based marketing solutions.
Sunday, August 24, 2014
Indian business system
Overview :
India is a country of both diversity and continuity. It is a creative blend of cultures, religions, races and languages. The nation’s identity and social structure remain protected by a rich cultural heritage that dates back at least 5,000 years, making India one of the oldest civilisations in the world.
One of the fundamental components of Indian culture, vital for your business organisation to succeed, is an understanding of the traditions and ways of communicating with others that form the basis of India’s society.
Business Culture Of India :
The business culture of India is a reflection of the various norms and standards followed by its people. Indians have various cultural yardsticks, which extend to their business culture too. Thus, it is important that a person visiting the country has an idea of the business culture of India. Thus, it is important that a person visiting the country has some basic idea regarding the business ethics and customs followed here. Having a good grasp on Indian business culture will ensure that you succeed in maintaining a well-earned affinity with your business counterparts. If you are unsure of how to deal with an Indian when it comes to business, we are here to simplify the task.
Objectives:
After studying this lesson, you will be able to:
• explain the Indian business scenario in the past;
• describe the of growth and development of Indian trade and commerce; and
• stages/ parts of business in India and their contributung
Indian Business in the Past Indian Business:
in the Past In the early days Indian economy was totally based on agriculture. People used to produce whatever they required for their self-consumption. There was no need for sale or exchange of goods. But later on, needs of the people increased and so did the production. People began to specialise in producing different items of luxury and daily use and did not have skills and time left for producing others items of their use. However, they were able to produce surplus items with increase in their efficiency. So, a system of exchanging surplus items with the items of need was evolved. This was the beginning of trade. It is normally understood that India has progressed a great deal in the modern time, especially after independence, in the field of business and trade.
Indian Business in the Past Indian Business:
Now the India belongs to many of factories and industries as ‘temples of modern India’. India has become a strong country in terms of industrial growth so much so that we are able to produce almost all goods of our use indigenously. This however, does not mean that there was no growth and development in these fields in the past in India. In fact, India has a very rich heritage in trade and commerce, which can make any Indian feel proud of People will be surprised to know that India began its journey in the field of trade and commerce as back as 5000 B.C. Growth and Development of Indian Trade and Commerce Indian business used to be mostly need based, with least focus on profit in its initial days.
With passage of time, it went through several transformations due to changes in customs and practice, and patronage by different rulers. Let us learn about our business heritage in three different phases - Ancient, Medieval and Modern.
Stages of Indian business:
India business Part 1 – Working in India (Pre-departure)
• Working practices India
o Indians appreciate punctuality but may not reciprocate it. It is advisable to make appointments at least one month in advance and confirm them when arriving in India. A flexible schedule will prove useful.
o Business appointments should ideally be made for late morning or early afternoon, between the hours of 11 and 4.
o Making decisions is often a slow and thoughtful process in Indian culture. Deadlines should not be rushed as impatience is seen as aggressive, rude and disrespectful.
• Structure and hierarchy in Indian companies
o Within the system of hierarchy in the Indian work place, senior colleagues and especially elders are obeyed and respected. Discussions are almost always lead by the most senior person.
o Final decisions rest with the highest-ranking business executives, therefore it is important to maintain strong relationships with senior figures in Indian business.
• Working relationships in India
o It is the responsibility of the senior management to monitor, check and look after their Indian subordinates.
o Face and self-esteem is an essential part of Indian culture, therefore any individual criticism in business situations must be done carefully and with sensitivity.
o Despite the distinguished hierarchical system, the relationship between an Indian boss and his employee can be similar to that of close relatives. This is a direct influence of the community life experienced for thousands of years in India.
India business Part 2 – Doing business in India
• Business practices in India
o Meetings in India will generally begin with friendly small talk. This may include personal questions about your family and is seen as a way of building rapport and trust before business.
o In India, the family unit is highly valued, therefore showing interest and respect towards your Indian counterpart’s family is vital for establishing successful relationships.
o In Indian culture disagreement is rarely expressed in a direct manner. The word ‘no’ is often avoided and is replaced by other non-verbal cues and indirect communication.
o During negotiations, trust and well-established relationships with your Indian counterparts must be in place before any form of business can take place.
Indian business etiquette (Do's and Don'ts)
• Do use titles wherever possible, such as “Professor” or “Doctor”. If your Indian counterpart does not have a title, use “Mr”, “Mrs”, or “Miss”.
• Do wait for a female business colleague to initiate the greeting. Indian men do not generally shake hands with women out of respect.
• Do remain polite and honest at all times in order to prove that your objectives are sincere.
• Don’t be aggressive in your business negotiations – it can show disrespect.
• Don’t take large or expensive gifts as this may cause embarrassment. If you do take a gift make sure you present the gift with both hands.
• Don’t refuse any food or drink offered to you during business meetings as this may cause offence. In addition, it is useful to bear in mind that traditionally, Indians are vegetarians and do not drink alcohol.
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