Dein erstes Forum » Flourishing Relocation in Delhi

But when you're starting your own business Cheap Nikola Mirotic Jersey , there's no guaranteethat your "mousetrap" is going to survive, especially in today'sfast-paced business world.

Nearly half of all small businesses fail within the first twoyears of operation. The number one reason for business failureis inadequate planning. The second reason isunder-capitalization.

So before you mortgage your house, or go into debt financing yourbusiness Cheap Robin Lopez Jersey , you need to know if your business is going to do morethan survive -- you want to know if it's good enough to thrive! Here are three things successful businesses that have stayed inbusiness for five years or longer have in common:

1. The idea. A successful business start-up always starts withan idea. Something that makes your business stand out from allthe rest. So how do you know if you've got a good idea?

You've probably got a good idea if you can answer yes to any ofthe following questions: Does your idea provide the solution to asignificant problem for your target market? Does it satisfy aneed or want? Does it create an opportunity?

The most successful businesses either fix problems (either realor perceived), or they increase your customer's pleasure. Theycreate a repeat need for a product or service among the targetmarket.

2. The market. Your chances of survival are better if you cananswer the following questions with a yes: Is there already amarket for your product or service? (It's much easier to fill aneed than trying to create an entirely new market.) Can yourtarget market afford to buy your products or services? (If theycan't afford it, it doesn't matter how great it is Cheap Kris Dunn Jersey , you won'tsell any!) Will your target market perceive your product orservice as valuable? (If they want it, but don't think it's worthwhat you're selling it for, you won't make any sales.)

3. Your ability. Do you have the people Cheap Lauri Markkanen Jersey , the resources and theknowledge to be able to consistently provide your products orservices to your target market? Can you maintain a competitiveadvantage? Do you have enough manpower? Can you purchase thesupplies and materials you need over the long run?

Your first step always is to create a solid business plan. Yourbusiness plan is more than an essay on "Why I deserve to getfunding for my idea" however. Don't spend all the time creatinga business plan and then toss it in the bottom drawer of yourdesk. Your business plan should be a living, breathing roadmapthat helps you make sure you're on course and reaching the goalsthat you set for your business.

The second step to business survival is getting enough ough the term "bootstrap entrepreneur" describes most smallbusiness owners, having enough capital to be able to keep yourbusiness afloat is vital to your survival.

When you're creating your financial analysis of your business Cheap Cameron Payne Jersey ,make sure you're being realistic about costs and expenditures, sothat you give yourself the cushion you need to succeed.

If finding financing is a problem, either because you don't haveenough credit or equity Cheap Zach LaVine Jersey , or there are other problems, take thetime to look into the resources that are available in yourcommunity. There are a wide variety of grants and loans(including microloans) for entrepreneurs, if you know where tolook.

Some great resources will be:

-The Small Business Administration
-Local Small Business Development Centers
-Women's Organizations
-Local University or Community College
-Chamber of Commerce
-SCORE (The Association for Retired Executives)
-Nonprofit organizations that work on economic development inyour area

Use other successful business models as a guide. When you'regetting started Cheap Bobby Portis Jersey , look around. What businesses are successful? Why? What is it they're doing that is working? What attributesdo you admire, and why? You stand a better chance of succeedingif you're modeling someone who is already successful.

Find a mentor. Most entrepreneurs have great skills andabilities, but no one does everything well. You probably alreadyknow what your strengths and weaknesses are. (If not Cheap Dwyane Wade Jersey , there aremany resources and tools that can help you figure it out!) Rather than ignoring your weaknesses, find a mentor who can helpyou either build your skills in your weaker areas, or offeradvice for getting what you need.

If you take the time to plan to succeed Cheap Doug McDermott Jersey , you could be creating alegacy that will be enjoyed by future generations, and that otherentrepreneurs will look at as a model for building their ownbusinesses.

Markku Saastamoinen is an Online Business Entrepreneur and has recently created an amazing system for increasing your free time AND profits in under 7 days at:

Flourishing Relocation in Delhi
Posted On : Sep-22-2011 | seen (201) times | . Cheap Jerseys From China Cheap NBA Jerseys Wholesale Cheap Soccer Jerseys Wholesale Cheap NCAA Jerseys Wholesale Jerseys China Wholesale Jerseys Wholesale Jerseys Wholesale Jerseys Free Shipping Wholesale NFL Jerseys Wholesale Football Jerseys