Posts

Showing posts from January, 2009

What? In This Economy???

Image
Today, BusinessWeek was out there with this same topic, but to tell you the truth, we're back to the same place I continue to address. It's easy to read these kinds of tips, but unless you have a mentor holding your hand through the steps, chances are you're going to "cave" in the pressure, or rush some important steps. I have to admit I got a little uncomfortable "flutter" reading through their points. I can only imagine how some of you might feel.

So, to the last point in my list:

You just got laid off and you're thinking about starting your own business...
You don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.You may not have a clear business idea.How much will it cost?
What? In this economy????One should not start a business because they got laid off from their job, but perhaps because the lay-off has made them realize that they truly might have it within themselves t…

How Much Do I Need?

You just got laid off and you're thinking about starting your own business...
You don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.You may not have a clear business idea.How much will it cost?Let's all just have a good, nervous laugh here...
I was actually putting this post off today because I had a lot going on. If I remembered what I was supposed to write, I'd have put it off anyway! (But I did not watch CNN all day...)

So, let's get to it. I'm going to cover both bases in this post, service and product-based businesses because the first one is pretty easy. I will start though with a quote that I'm afraid I cannot correctly attribute, but it goes like this: "When you're a consultant it's like you're 'renting your brain'."

What this person was trying to say is that you have a limited amount of hours in your day a limited amount of days in your year to…

Class is at Recess!!!

Image
...or "it's a snow day!" "first day of Summer vacation!"
I hereby give you permission to dream.
Shut up all the doomsday people in your life.
Take a break from what some people are calling "the reality".
Start making your reality.

No class today. I hereby declare this a holiday from seriousness.
Hey, if you can't play, you can't dream and what am I always saying??
Yes, Class.
Go dream.

What's my Business Idea?, Part II

Image
You just got laid off and you're thinking about starting your own business...
You don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.You may not have a clear business idea.Everything written yesterday about doing what you love still stands, but today I'll focus on a product-based business:
What events do you go to where products are sold (e.g. fairs, conventions)?What products related to past jobs do you see a need for, done better?Have you "mined" your current connections for people who are making/doing things that interest you?Are you an inventor, crafts person or promoter or visionary (really!)?What gets your heart pounding when you talk about it?I love that last one. So overlooked. I, myself thought for years that I had no passion for "doing something." To those who know me, that would be pretty funny. I think that perhaps I looked at other people and saw them already in bu…

What's My Business Idea?

Image
You just got laid off and you're thinking about starting your own business...
You don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.You may not have a clear business idea.We all think about possible businesses according to what we're naturally interested in. I'm not going to talk you out of that. That's a good way to go for one big reason: If you don't love what you do, you won't do it well.
I could tell you so many stories of people going to franchise conventions or googling trending sites to see what's hot right now. I'm sure that must work for some people, but chances are it's not going to work for you. What will work is if you look at all the possibilities of what is connected to all the things you love to do.
I'll pick one out of my hat: You love Pilates and are an instructor. You see a trend in healthcare. Start a business catering to healthcare professionals a…

Business Plan for Service-Based Company

Image
You just got laid off and you're thinking about starting your own business...
But, you don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.Yesterday we covered the above quandary with a product-based model. Today let's talk about a service-based model.

We should still think in terms of the business plan and if people need your service(s). All that research is very important. It can be a little less straightforward when it comes to the fee structure. You may employ one, any or all of these fee structures over time or with different clients. What works in one situation does not always work in all.

One of the first things a client will ask you is "How much is this going to cost?" This of course is a very tricky question because most of the time, you will have no idea what "this" actually is until you go in and get your hands a little dirty. I would always recommend a free evaluation …

How Feasible is My Business Idea?

This is the first in a series of scenarios described to help you find where you are and how you might benefit from a little professional mentoring.

You just got laid off and you're thinking about starting your own business...
But, you don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.You may not have a clear business idea.How much will it cost?
What? In this economy????The first words that come to mind here for most people is Business Plan.
Let's take a step back and do a quick evaluation. Business plans can be very intimidating to the uninitiated and even the seasoned entrepreneur. It's true that this is one of the big elements of a business plan. Before starting that process, let's cover some basic questions to get your head in the right place.
Before I start this though, I'm going to tell you that there are many different formulas for many different kinds of businesses. The market plac…

Where Are You Now? #1

Image
This is the first in a series of scenarios described to help you find where you are and how you might benefit from a little professional mentoring.

You just got laid off and you're thinking about starting your own business...
But, you don't know if working for yourself is something that fits your personalityYou're not sure how feasible your business idea is.You may not have a clear business idea.How much will it cost?
What? In this economy????I'm going to take these issues one at a time and shed some light on them.
#1 is really about temperament, isn't it? Everyone's personality needs a little objective observation from someone like myself, but I'll give you some guidelines to think about:
Do you feel most comfortable with an office to go to and a regular check?Do you feel most comfortable working in a team member or a leader?Are you curious?Do you do well in interviews?Do you know someone well who works for themselves?
Do you know what you want your day to look…

Blog vs. Web Page

As a small business person myself, I came to this fork in the road as I grow my business again. I've done the website thing in the past, but one thing that strikes me in this climate of instant everything is that a blog seems much more alive to me. It's actually the case for me that when I look at a website now, I'm thinking, 'Gee, I wonder the last time this was updated?'
So, I've decided to just not go there. I'm making the commitment to you and myself to stay out there and give you a place to see just what is going on. Just what news I'm coming across that I can pass along and what my finger feels as it points in the wind.
Many of us are on Twitter and Facebook, but it's about finding those resources that really work for you and where YOU are right now. That's where you'll come back to, to bookmark.

Please comment to your heart's content! I want to hear from you and know what kind of guidance would be useful.

I can do mentoring via the ph…