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mind your personal financial destiny skip to main skip to sidebar mind your personal financial destiny thursday december 31 2009 start a business 2010 today is the last day of the year and i myself had made up my mind to start my own business for 2010 here to share with you what i had now going to go through to start a business and an urge that had been linger with me for a very long time 1 define a market niche for the business who to cater who to serve 2 define a strategy to start this business what idea needed to be different from other competitors 3 finding out the cost of business rental fixtures goods and etc and then capital needed 4 finding a location for the business 5 getting supplier to supply goods for the business 6 getting someone to renovate the place for the business 7 thinking of how to market this business spend money or any other free media above is just some starting item to do for me at the moment i welcome anyone who had setup and already run a successful business to share some of the things to watch out to do and factors of ensuring a successful business happy new year to my readers start a business 2010 posted by mind mgmt at 12 39 am 7 comments labels start new business sunday november 29 2009 entreprenuership be your own boss all working class people will someday hit the corporate wall and majority are frustrated with the bosses company policy and restriction to progress in career and salary i would have heard from people even myself thinking of resigning from working for people and strike out on my own so what does it take to be your own boss to be an entrepreneur guts and daring this characteristic is usually built in when man lady hit the age of 20 30 years old not much commitment and therefore should have a lot of guts to do things and strike out on our own the problem is when there is debt e g study loan and other personal liability loan which needs to serve after graduation from university or polytechnic it will prove a bit difficulty nevertheless if there is a will there is a way those who dare to strike out could eventually find its way capital not much money at the start but with some accumulation during the working years could be able to save some another way is to borrow from family or friends and take it as a loan from them sometimes this method is too painful and hurtful as not many are willing to loan to a greenhorn to start a business alternatively partnership and pooling capital from friends who believe in the business may help to raise the needed capital believe an entrepreneur got to believe in what they are doing without that it will die down as entrepreneur need to drive steer the boat and move towards his her hungry goals to attain success risk there is always a risk in doing business the only thing need to think of is how to minimised it one way is through doing some homework know the market know the competition and must have exit plan hands on an entrepreneur got to be hands on to the business who else knows the business better than he she do if hand over to another person to do it then then chances of failure will be high high motivation an entrepreneurs need to be motivated at all times be it success in getting business failures set back finance distress he she must be clear headed to pull through such situation he she must keep on dreaming setting direction and correcting it to get to the destination entreprenuership be your own boss posted by mind mgmt at 7 15 am 0 comments labels entreprenuers friday november 6 2009 working for people or work for yourself which one make the most money 拿人錢財替人消災 ná rén qián cái tì rén xiāo zāi is a chinese idiom to imply literally taking people money to help them to solve their woes or problems this is being told by one of my elderly chinese educated friend an idiom that reflects the working class ie for those for work for people as we got a job working for people we take the job get the money and then actually help them to solve their problems working for people or work for yourself which one make the most money click here to read more posted by mind mgmt at 6 25 am 5 comments labels working for people working for yourself older posts home subscribe to posts atom subscribe back to main page click to go back main page welcome note wecome to mindfinance i welcome you to visit the blog sharing and discussing of personal financial education please contact mindmgt gmail com if you have any inquiries or you wish to share your personal finance experiences sponsor blog list money magnet laughing jobs blog archive december 1 november 2 october 1 september 7 august 3 labels car loan 1 cars 1 china 1 disclaimer 1 entreprenuers 1 financial education 1 insurance 1 investment seeds 1 money saving tips 1 money tree 1 motor 1 passive income 1 power 1 real estate 1 start new business 1 terms and use 1 toys 1 toys buy or make 1 university 1 wealth 1 working for people 1 working for yourself 1 disclaimer feedjit live traffic feed 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