Slider Image 1 Content
Millions of people are desperate to escape the 9 to 5 grind. One popular alternative is to look for a business opportunity that turns you from an employee into a self-employed entrepreneur running your own business.
There are many good reasons why this can be a wise move. Being your own boss means you can set your own hours. This can be very important if you have small children, or simply want to spend more time at home. Working from home can also save valuable time, if the alternative is spending two or three hours every day commuting back and forth to your work place. And of course, working for yourself also gives you the opportunity to make a whole lot more money.
In other words, being your own boss gives you that valuable commodity called freedom. It sets you free from the limitations of being someone else’s paid employee, and in return makes you responsible for your own future. As a self-employed entrepreneur you are free to set your own hours, establish your own work habits, choose what work you will do or will not do, create your own products, drum up your own customers, and do what you have to do to make those customers happy.
And perhaps most importantly, when you are self-employed you are free to set your own prices and make as much or as little income as you are able. You will not have to answer to anyone other than yourself, your suppliers, and of course, the ever-present taxman, after you become successful.
**How to get started — Two Alternatives**
There are two obvious ways you can go about starting your own business. The first way is to quit your day job and launch full bore into your new business. We’ll call this the “All or Nothing Approach”. The second way is to continue on with your current employment and develop a business on the side, in your spare time or apply for a business grant. We’ll call this the “Spare Time Approach”.
Depending on your point of view, taking the All or Nothing Approach can be either an act of bravery or just plain recklessness. Unless you are independently wealthy, planning and timing are very important with this approach. That’s because once you leave your previous employment your source of income will be gone and you will have a limited amount of time to make your business work. It is “sink or swim”. And you can sink pretty quickly without a source of income.
So that means you should plan the changeover to self-employment very carefully. Every situation will be different. An acquantance of mine was able to step from his quasi-government job into a private consulting business because he spent the last few months of his employment developing leads and contacts within his industry. When he went on his own he had customers waiting in the wings and was able to more than double his income in his very first year.
But most of us are not so lucky. We do not have the quality leads or the specialized skills. Nor do most of us have the opportunity to use our present employment to build a launching pad of potential customers before we take off into the wild blue yonder of self-employment. Most of us are starting from scratch with a few vague ideas, a questionable set of yet-to-be-defined skills, and severly limited income. So our venture into self-employment had better take off within a few months or we’re likely to crash and burn(Good Business).
That is why the Spare Time Approach is best for most new self-employed entrepreneurs. The Spare Time Approach lets you test your ideas, develop your skills, and build your business slowly. If you are unsure about the products or services you intend to sell, the Spare Time Approach lets you try out different product lines and see how well they fit in with your overall objectives. Often new entrepreneurs find that their first ideas are not realistic, or there is no market for the services they want to provide. Or they find they cannot charge enough to make any money providing the products or services they have chosen.
**Choose your product carefully**
Like all new entrepreneurs, whether you take the “all or nothing approach” or the “spare time approach” you should be very tight-fisted with your limited resources. That means do not invest any serious money in a product or business idea until you have checked it out thoroughly. The best way to “check it out” is to:
– Talk to people who are already selling the product or service.
– Establish the credibility of the person or company providing the product or service.
– Make sure the company provides on-going support for their product(s).
– Make sure there are no hidden or unexpected costs (such as franchise fees) that will eat away your profits.
This applies whether you are looking at an online product such as an MLM or affiliate scheme, or a more traditional product or service aimed only at local customers.
For example, an associate of mine produces Business Card Displays. The idea behind this product is that it provides new entrepreneurs the opportunity to set up an advertising service for local businesses. With this product, the entrepreneur creates a network of displays placed in high traffic retail outlets like grocery stores, hair salons, and bowling alleys. Then local advertisers can place their business cards in one of the compartments in the displays across the network. If someone browsing one of the displays sees a service they are interested in, they just take a card for future reference.
Sure, it’s not everybody’s cup of tea. But for someone willing to put in a few months of hard work at the beginning, it is a pretty easy way to create a business that will return a handsome income for years to come.
And this manufacturer stands behind his product. He can show …
The need for grants for minority owned businesses is well known. Women own over 9 million businesses yet they receive the smallest amount of financing from traditional sources such as banks and venture capital firms. Traditionally, women own smaller types of businesses that don’t need financial assistance of $250,000 or more and so financing options are limited.
Business grants, however, are difficult to come by. Most businesses are created with loans which rely on good credit histories and collateral that women may have a hard time supplying. Women often choose to max out their credit cards or borrow from family members in order to start a business, which may make their own finances financial situation uncomfortable.
There are over thousand’s of recognized state, federal and private grant awarding agencies throughout the United States. Far too many to list at once here but we can briefly condense some of the categories of small business grants for women that you will be able to find by searching the grants database.
You can search by a particular business title if you wish. For example, grants for day care centers, scientific research grants, farming and agricultural grants, etc. And you may also find a number of available free money opportunities when looking for gender or ethnic specific grants like minority business grants, women business grants, or grants for single parents.
How to find Small Business Grants for Women
There are several online sites worth looking at that provide information and access to grants. In addition to this, there are sites specifically aimed to giving grants to women. These sites attempt to help the female population succeed in entrepreneurial ism and climb on the ladder of success. There are women’s funding networks which promote the growth of women’s funds and empower women to encourage strategic networking among themselves, donors and communities.
The local Small Business Association office should help you in finding the right business grants. Even grants that are not advertised online can be found here. They should also point you in the right direction of grants offered in your area of business
Government Grants for Business
Government grants for women come in different shapes and sizes. Most grants are offered to minorities who want to start business or buy a business or seek to expand the business already started. Those already in business could use the grant to hire new employees, buy new equipment or purchase a new property.
The government in the US offers billions of dollars as grants every year and there are 100% free federal grants for women. You just have to simply apply for the grant you might be qualified for and if granted the money, she may never pay it back at all!
Government grants for minority ethnic groups , disabled women, immigrants and those who served in the military are eligible for exclusive grants in the US. Women Business Grants has put together such ethnic and minority groups which can be viewed at ‘Grants for Ethnic and other groups’ pages.
Local business newspaper or magazine detail all latest happenings in the business community and local business grants offered to entrepreneurs who wish to make a fresh business attempt. These advertisements could appear as a small tidbit or even as part of an interview with a local business person or a donating firm
This post is brought to you by Listol The Natural ADHD Supplement For Adults And Kids, if your looking for an all natural alternative to adderall, check them out at http://www.listolreview.com/…
You would probably think that as a single parent, you could do what has to be done all on your own. You feel that you have what it takes to be a good single parent.
Hopefully, you are not one of those who assume that they are in the lineage of super heroes, handling every weight on their shoulders. You would get yourself busy on all sides with the different activities that can show your kids that you, as a new family, can handle it on your own.
But has it ever occurred to you that it might not be all about your relationship with your kids? Yes it is primarily about that, but can you do so without financial help?
Financial complications usually come up when households of single parents try to have college education covered. This is where you realize that you need aid after all, financial aid.
There are certain policies in having financial aid determined for single parents, like you if ever you are one, that are deemed to be highly confusing at times. This article would gladly give you an overview of the process.
In case you do not know, the custodial parent is the one with whom the child, specifically a student, has lived the most in the span of the twelve months that have already passed.
If the student admits that he or she did not live with a certain parent more than the other parent, then his or her parent who has provided most of the financial support in the past twelve months will be the one to fill out the fafsa.
Another situation would be if the student got to live with each of his or her parents with the equal amount of time and also if the parents provided an equal level of assistance, in terms of finances, then the parent who will claim the student for purposes of income tax should be the one to do the filling out of the fafsa.
You must never forget that any child support or any alimony that has been received from a non-custodial parent must always be included on the fafsa.
It might be a bit too late to say this, since this article has been mentioning it for quite some time now. Fafsa actually is an acronym for free application for federal student aid. Now you know, so you can stop creasing your forehead in wonder everytime you read the acronym fafsa.
The federal government does not put the income or the assets of a non-custodial parent to consideration, especially when the student’s financial need is being determined.
Just in case you do not know, many private colleges take into account the assets and income of the non-custodial parent, even if he or she does not want to be included in contributing to college costs.
These said colleges would ask for a supplemental financial aid form from a non-custodial parent. This said financial aid form does a whole lot in affecting the awarding of the aid of the school, however, it is neither federal nor state.
Still, there are special cases wherein a number of private colleges will waive the requirements for non-custodial information. There is, however, a criterion that has to be met so that a certain single parent household will not be automatically qualified for a waiver.
First, the non-custodial parent should not be found nor located. So this would only make it eventual that that certain parent has not made any form of child support payment recently, and it is also an indication that that parent has not been consistent in his or her child support payments.
Next, if the separation or the divorce has happened in the past, which means it was really a long time ago, then it is highly reasonable to expect a provision from that non-custodial parent.
And lastly, if the said non-custodial parent has a history of neglect or of abuse either with the child or with the other parent.
Court records will be used for documentation for the said criteria. Hopefully, it is now clear to you that the criteria must be documented first so that there will be a waiver for the information regarding the non-custodial parent.