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Start Your Home Business And Make Money Right Away – Without Any Talent, Experience Or Skills

For whatever reason, people hesitate starting a home business and making money at home because they don’t think they’re “qualified.” They think they need more education. They think they are missing something and not sure if they are “ready.”

But the thing is, you can make money at home (or anywhere else for that matter) without knowing a thing about business, selling, marketing, or running a company.

How do I know?

Because it happens to people with no skills, talents, money or experience all the time.

In fact, most of the really successful business owners out there are not good at everything their business does. They delegate and outsource. They find people to do the things they can’t or aren’t good at, and just focus on the one or two things they are good at.

I think the ultimate example of this would be — and I hate to use this example, but it’s apt — Hugh Hefner, the guy who owns Playboy Magazine.

He creates his magazines and doesn’t do any of the writing, selling, photography or anything. He just kind of walks around in a robe with women all day. He’s the personality behind the operation. And that’s what he does. He leaves everything else to others more capable than himself.

And by surrounding himself with talent, instead of trying to “be” the talent, he built the Play Boy empire.

Now, I’m not saying you have to get into a raunchy magazine business or anything like that. My point here is, you can start your home business whenever you want. If you don’t know what you’re doing, simply find people to do the stuff you can’t or don’t want to do and just focus on the one or two things you can do.

These days with the Internet and the many dirt cheap service provider auction sites, you can outsource just about anything you want — the sales, bookkeeping, marketing, copywriting, all of it.

So if you are wanting to start a home business, don’t let fear of not knowing enough about business or lack of real world experience stop you.

How to Start a Plumbing Business

So, you want to start a plumbing business. This could be a terrific decision, or, it could be the worst idea ever. Starting a plumbing business, or any business really, involves a certain amount of structured thinking to put everything in place, and making sure that you have thought of everything. By following this strategy planning process, you will have covered all the important aspects of getting your planning and strategy in the right place, and this will make the starting of your own plumbing business some 450% more successful.

The Strategy Required to Start Any Business

Starting a plumbing business, a bakery, or a high-tech company all requires the same basic thinking strategy. To remember it best, use the EASI acronym. In this case, E stands for emotion, A for achieving a win, S for simple and straightforward and I for the implementation.

Everybody wanting to start a business should be aware that it is going to involve plenty of challenges, hardships, stress, worry, and a multitude of other issues. The process of starting a business has often been likened to jumping off a cliff, and building an aeroplane on the way down. It will mean sleepless nights, long working hours and the unwavering support of family and friends around you. This is real, and the reason so many start-up businesses fail.

The first step, therefore, is to examine the reasons that you want to start the business in the first place. This involves an examination of the emotions, or feeling behind the rationale of starting your own plumbing business. Everyone will have their own reasons for wanting to start their business. It may be as a last resort as they are unable to find employment in the field, it may be that they hate having a boss, it may be that they want to become extraordinarily wealthy. Whatever the reason, it is essential that the owners of the business, if there are more than one, are aware of the strength of their emotions regarding the venture. This will determine the power of the motivation, the real forces behind the venture, and, with the aid of a skilled consultant, allow the prospective business owners to determine if their vessel will survive the storms on the ocean, or if there needs to be some additional emotional management included.

The second item speaks to the vision, or goal of the organisation. A prospective plumbing business may have as its goal to be a loss leader and therefore a tax write-off. It may be that achieving a win with the business would be familial survival, or putting children through school. Either way, all the owners need to be able, collaboratively, to understand what the goal is and to have a combined vision of the business that everyone can buy into. Without this shared vision, any subsequent planning and strategizing will ultimately be negated and sporadic, with everyone involved having different goals and aims, instead of pulling together in the right direction.

Keep Things Simple and Straightforward

It does not take any real skill to make things more complex. The real genius in any situation is to make things more simple. This line of thinking is propagated by all the top entrepreneurs such as Richard Branson, Bill Gates, and Elon Musk. Albert Einstein often used to say that if you couldn’t explain a thing to a six-year-old, you didn’t understand it yourself. In light of this strategic thinking, the next piece of advice is to keep all your plans and strategies simple and straightforward. Set a goal that everyone involved, all the stakeholders, can buy into. See where you currently are, and plan a way to get to that goal that all concerned can understand, appreciate, and take ownership of.

The final step in setting up a new plumbing business is to implement the strategy. Without a rigorous implementation strategy and plan, all the goal-setting and personal examination of business vision and motivation will just become a distant wish. Implementation plans fall into five basic categories; overall business strategy, financial planning, human resources and communications, sales and marketing, and project management. All businesses must be able to conduct planning with respect to these five regions of business expertise in order to be successful.

Implementing Your Plumbing Business Strategy

The first step in initiating the plan within all the five sectors that need examination is to complete a real, practical, and genuine business plan. Having gone through the initial strategic thinking process as outlined above, compiling an overall business plan should be relatively easy. Nevertheless, failing to spend sufficient time aligning a business plan to the strategy will mean that the business is also likely to fail, because one of the well-known factors in determining business success is that more than 80% of successful businesses have determined their overall strategy in detail, aligned the business plan, gone into each aspect of the business plan in detail, and repeat this strategic thinking process regularly amongst all the stakeholders.

Once the business plan has been compiled in detail, with all the necessary inputs being not only realistic but pragmatic as well, then the detailed considerations in each of the five business aspects can begin. This should dovetail with the business plan, but expand on the details simply stated in the plan to some extent. In the case of a plumbing business as we are considering here, some of the parameters in these five aspects of the business will be examined. Not in an attempt to intimidate any prospective plumbing entrepreneurs, but rather in an attempt to illustrate the importance of this strategic thinking process, and the reasons why it should be conducted in detail, and why utilising effective and experienced business consultants will not only increase the chances of success, but probably save substantial money in the medium to long term.

Five Business Areas to Conduct Planning

These five business areas, as related to a plumbing business, are strategy, financial, sales and marketing, human resources and communications, and projects. Overall strategy has been discussed in some detail, and following the above instructions will guarantee success in this regard.

The financial planning aspect when starting a plumbing business is of crucial importance. A detailed understanding of potential income, and expenditures related to the running of the business need to be examined. Whereas these are obviously tied in the overall strategy, the practical aspects of a plumbing business will need to be added by the stakeholders, using their experience and knowledge of the field. Office premises, the maintenance of stock and supplies, transport, and the ability to survive until the income exceeds the costs needs to be determined. All potential financial considerations, such as stakeholder input, the possibility of generating loans and financial support and receiving up-front payments all need to be planned in great detail.

Income of a plumbing business is directly related to the amount of work undertaken and the charges levied on this work. In an overall sense, the amount of income must exceed the costs of the business, and the aim of any sales and marketing plan is to ensure that this is, in fact, the case. With the advent of social media and the internet, the avenues available to market a business have increased exponentially. The starting point for any plumbing business, like any service related business, is to determine in as much detail as possible who exactly the people are that would be providing the business with revenue. These people, as a whole, are called the buying persona of the business. A plumbing business may, for instance, decide to stay small and provide after-hours services to family and friends, or it may target large corporate projects and tenders. Or anything in between. The better any prospective plumbing organisation understands exactly the behaviour, like, needs, wants, and aims of their prospective market the better they will fare. The example here is that a plumber who caters to the lower end of the economic market would use more print media and posters to advertise the business, while a plumber catering to an upper market segment may elect to use social media more since richer people have smartphones and will be reachable using digital platforms.

Human resources and communications requires detailed planning on its own too. Depending on the structure of the plumbing organisation, and their unique selling points, there may be a customer service department required, or a marketing department if this is the determining factor of achieving business. Planning and structuring the organisation accordingly will depend on the overall aims and vision, but will need to take the entire business plan into consideration.

Plumbing services generally will require on-site operations and the effective management of these operations as individual projects. Good project management is key to any service industry and the basic principles of project management is going to be essential. Once again, though, project management should not be seen as a complex and difficult issue, but rather a simplified and straightforward way of dealing, and communicating with all the stakeholders involved in every project.

The Required Starting Blocks of a Plumbing Business

These steps, as outlined above, if conducted thoroughly and efficiently, with the businesses core vision in mind and a positive collaborative mindset as a starting point, will ensure that the business has a better than 80% chance of success. However, as stated numerous times during this discussion piece, this is not a 5-minute exercise. This is a detailed strategic thinking process that will require honesty and commitment. There are certain things, therefore, that should be borne in mind before even embarking on the strategy process.

The first is an audit of the emotional intelligence of the stakeholders in the plumbing business. Like any service industry, plumbing involves hard work and much on-site work where things can easily go wrong. A high emotional intelligence score amongst the business owners is the best possible indicator of success. Emotional intelligence means being able to cope and manage the stresses and challenges involved, it means training your mind to find solutions in the midst of chaos happening all around you, and it means being able to be an effective leadership team who can steer a business through uncertain times. On the other hand, it does not mean someone who succumbs to the influences of anger or vindictiveness. Emotional intelligence can be learned and improved upon, so it certainly can be developed, but it is key that this quality be determined before initiating any business.

Secondly, there needs to be an understanding that knowledge is vital. The prognosis for a baker who wakes up one morning and sees a plumber friend making lots of money and then decides to start a plumbing business is unfortunately not very good. Plumbing, in order to be successful, needs to be done well. In a highly competitive business environment such as there is today all over the world, any business needs to actually be good at their job to be successful. It is for this reason that it is a prerequisite of starting a plumbing business that the stakeholders at the very least have access to high quality plumbing services. This includes knowing all aspects of the work, the market potential, and the survival rates of their competition. Without this core knowledge, no matter how good the strategizing process and the plans that come out of it, there is no chance of success.

In conclusion, therefore, starting a plumbing business is easy. Starting a plumbing business that is successful and over the short, medium, and long term can deliver on the aims and requirements of the owners is less much less easy. The key differentiator here is having a good, well thought out and innovative strategy, and using this strategy to generate and compile effective implementation plans in the right areas. JFK always used to say that efforts and courage are not enough without purpose and direction, and so it is with many things, and starting a plumbing business is one of those things.

How to Start a Beef Jerky Business

Starting a beef jerky business can be as easy as making jerky in your kitchen and selling it at a local farmers market. But it also can be tough to find success and earn a good living at it.

Here are some tips to help you see more clearly what to expect…

1. Government Inspection – By law, if you make beef jerky for the purpose of selling it, your production facility must be state or federally inspected. If you plan to sell your jerky in the same state as it was produced, you only need state inspection. If you plan to sell to consumers in other states, you need federal inspection.

Getting inspected is not so much the bigger challenge, as it is maintaining inspection. A state or federal inspector is going to visit your facility everyday.

However, many small “mom and pop” run beef jerky businesses don’t bother getting inspection, and seem to never run into any trouble. They make all their jerky at home, in their kitchen, and sell it wherever they can. Both state and federal government inspectors don’t bother looking for violators, the issue only seems to come up when consumers get sick and file complaints.

2. Private Labeling – To get around the state and federal inspection requirements, most small businesses hire an inspected and approved meat processing facility to make jerky for them. The facility can make jerky based on your recipe or use their own house recipe. They can even source beef specifically to your requirements, or use their own. The facility will then package the jerky with your label on it.

The problem that most entrepreneurs find when they hire a facility is that the jerky never comes out with the same flavor and consistency as it did when they made it themselves in their own kitchen. The answer is to try several facilities and find one that will produce something closest to what you’re looking for.

Do a Google search on the words, “USDA Establishment Number” to find a list of federally inspected meat processing facilities.

3. Preservatives or No? – Most consumers tend to stay away from foods containing preservatives, artificial flavors, and fillers. Sodium nitrite is a common preservative in beef jerky, and there have been studies suggesting that it causes cancer, though there have been other studies disputing it.

The problem for manufacturers and retailers is that beef jerky must be able to sit on store shelves for several months to retain freshness. To do this, is has to contain preservatives. Most distributors and retailers won’t even consider stocking a jerky that can’t guarantee freshness for more than a few weeks.

So, the trick for a small, upstart beef jerky company, if they want to avoid preservatives, is to find markets where long shelf life is not an issue. Selling jerky at farmers markets, street fairs, and trade shows is common. Selling jerky online from a website is very popular. Some manufacturers have arrangements with smaller stores to come in once a week to buy back old stock and replace with fresh.

4. Distributors – The jerky brands you see in convenience stores and grocery stores were placed there by distribution companies. Names like Core Mark, Sysco, and US Foods represent the largest distributors in the United States and are responsible for filling the store shelves of all the national retail outlets. You can’t just talk to a national retail chain and get them to stock your jerky, you have to go through a distributor. And the way things are in the 21st Century, distributors are unwilling to talk to small, upstart brands.

You can instead talk to smaller, niche distributors, and/or small non-chain grocers. Look for those that focus on natural foods. Small independent health food stores in your area are willing to buy jerky from local producers because of their desire to stock “locally grown and sourced” foods, provided it doesn’t contain preservatives.

To get the larger distributors to take notice of your brand, you have to build up the name recognition of that brand across the country. That means a lot of social media, a lot of sponsorships, getting mentioned on television and radio, etc.

5. Don’t Partner – Starting a beef jerky business from the ground up is a lot of hard work. It takes years of dedication just to build up a loyal customer base, and even then you’ll find that your life all but revolves around your business. Your business is going to become your life.

If you have a partner, other than a spouse, often times you’ll find your partner becomes your enemy. Even if it’s your brother, your best friend, or your mother. You’ll always find that your partner is not doing their job, or is telling you how to do your job. It’ll seem like your partner is not working hard enough, but is still getting half of the profits. You might find that your partner is working harder than you, and you may feel guilty about not doing your part.

If you need a business partner, talk to your spouse, and have him or her get on board with starting a beef jerky business. If you can’t find a partner, and you believe you need one, then maybe it’s not the right time to start. Otherwise, take a deep breath, clear your mind, and be prepared to do it all yourself.

The rewards are greater that way.

How Much Money Do You Need to Start a Medical Staffing Agency?

The amount of money you need to start a medical staffing agency will depend on several key factors. Let’s examine some of the key factors to help you figure out exactly how much money you will need to start your staffing business.

Medical staffing franchise:

If you are interested in starting a franchise business, well it will cost you a lot more than a typical startup. Franchise cost can range in cost and services.

Range in cost: Between $25,000 to $150,000

The Range of cost for a Franchise staffing agency will only include the cost associated with the fees and construction; it does not include the cost associated with trying to find clients. OH, ya! I forgot to tell you, the cost of franchising is before you have one contract.

You will be expected to pay royalties to the franchise and you will be expected to follow the protocol set by the franchise. Some people find this helpful and some people may find this restricting.

You are committed to the franchise today and for the rest of the time you own the business.

Let us continue:

The next possible option is to go at it alone.

Start your own medical staffing agency:

OK, this is when it can get interesting, your cost can range in this scenario and the cost will really depend on your experience.

Range in cost: between $2,000 to $7,000

The Range is exactly what it will take to open the doors. Keep in mind; this cost is associated with the three phases of opening up a medical staffing agency.

Phase 1: All The legal stuff.

Is typically the phase you get incorporated, you get your website and you get all your documents in order. This phase can take some time but this is a fundamentally needed phase and it must be done right.

Phase 2: Recruiting

This is the phase you begin getting all your talent pool and this is the phase you must begin from day one and continue through your agency. You have to continue this process because part of owning and opening an agency is always having enough people to fill the needs as your agency grows.

Phase 3: Getting Clients.

I consider this the most important phase, you must and I repeat, you must get clients in order to survive. Getting clients is the lifeblood of your business and must be continually analyzed. Getting business or getting contracts will be your number one priority when opening the doors for your business.

The options:

As you can see I have described two options here for starting your staffing agency. Both have pros and cons and you will have to determine what is important to you, how deep are your pockets? And can you afford either one.

You will always have unexpected expenses that you have to deal with in any business. You will have issues that come up that you did not expect. Planning is very important and planning is critical in any business.

I had a wise man tell me once: Planning is really only 30% of a business, the real fun begins starting the business at 70% effort.

How to Start an Oil Extraction Factory for Edible Oil

The concept of extracting edible oil from seeds such as olives, soya beans and groundnuts is on the rise globally. For instance, in the United States of America alone, there is an annual production averaging more than 16 billion pounds. This huge production can be attributed to the increasing demand for edible oils. As the living standards or people continue to improve, so does the consumption of edible oils. It is used for various purposes such as cooking. Therefore, the extraction of edible oil is a profitable venture that in most cases rewards manufacturers with profitable returns. Although it is not difficult to start an oil extraction factory, the below steps will help to simplify the process further. They are the primary steps that have to be followed for one to start a successful oil extraction factory.

The first step to starting any successful business venture lies in the ability to have enough knowledge about the business. Thus, the first step would be to know more about the edible oil industry, its trends, and the factors influencing it. The edible oil industry information or data can be sourced from the internet, government agencies or from the already established edible oil manufacturing industries. An investor can seek the opinion and view of an expert in the edible oil industry to get a more informed opinion about the market trends. Also, this will give you an opportunity to know more about the different firm in the market that you will come to compete with.

Second, create a business plan for the manufacturing venture. A business plan will act as the guide or central reference point for the business. The importance of planning is best captured in the popular cliché’ failing to plan is planning to fail’. Without a business plan, the oil extraction factory set up venture will fail. In fact, it might not even takeoff. When coming up with the business plan, it is advisable to engage the services of an expert in the field. He/she will help you to create a comprehensive business plan that covers all aspects of the manufacturing process. A business plan is basically a formal statement that highlights the goals of the business, and plans of achieving these goals. Also, the business plan will contain sections that cover the financial needs of starting the manufacturing plant. Without enough funds or capital, the business might stall on the way. Hence, a business plan will help you to know the cost of the venture (cost such as equipment costs, transport costs, capital for running the plant, and wage costs), and the subsequent sources of capital needed to start it. A business plan will clarify the target market for the product and how to gain a competitive edge or advantage in the market.

Third, figure out where you will get your raw materials. Raw materials are the backbone of the manufacturing plant. Without the raw materials, the plant will not. Also, during this step, it is vital to know the type of materials that will be used for the oil extraction since edible oil can be processed from many sources. Availability of the relevant raw materials is also a major factor. The raw materials should be adequate enough for the business to run. A small source will be depleted quickly. Since edible oil is extracted from arable grains, the investor can decide to plant his or her own raw materials or buy them from another party.

Location has a significant effect on the success of the manufacturing business. The plant should be located near the source of raw materials. This will help reduce the transportation costs incurred when moving the raw materials from the field to the factory.

Fifth, apply for the relevant licensees and certification from the state or federal authorities. This will make you to run a legal and licensed edible oil extraction business. You can be arrested and charged if you run a business without a license.

Lastly, get the funding of the project and subsequently purchase the plant equipment, hire employees, and advertise the business.

These steps if followed strictly will make the process of starting an oil extraction factory for edible oil easy and simple.

Making Money Online: Start Your Own Online Business

Internet provides you various opportunities along with the freedom of making money through the online business, and this opportunity of earning money is always attractive because of its appealing factors to the unemployed or freedom loving people. As a freedom loving person, if you want to start your own online business in your own way with dedication and hard work, then you are the right person to carry out this business.

How to start

Instead of doing painful jobs in offices, search in the internet about the procedures or tips to start any lawful online business, Google will provide you about 170 million results within a moment. Go through these guidelines, tips and try to find the hidden importance of every tip as these tips are written by the people who are experienced or experts in this online business line. Personal computers, an internet connection, hard work, and dedication to your business are the prime need to start the online business and to ensure a steady income.

Choose the right business

There are numerous options in the internet and among them; you have to choose the right online business option that suits you most. Choosing right business option depends on one’s taste, quality, interest, and ability. Several options are described here to give you a clear concept on these topics:

Writing

As a newcomer, if you have skills of writing articles, or if you are enthusiastic enough to write, then several writing options are there available in the internet that will ensure your steady income. As a writer you can write in magazines, blogs, and you can also publish your articles in the article directories.

Affiliate Marketing

If you possess enough on marketing section, then this affiliate marketing would be a better choice for making money online, and you have to sell others’ product through online by using your marketing knowledge. In return of this online marketing, you get the percentage from the products’ sell.

Selling on eBay

It is quite tough to sell on eBay as it is really very much competitive than other online business and tips or rules are appropriate for making money online through this business. Some basics will be helpful for you if you can use them properly those accurately.

Making money online isn’t so easy that you are thinking, but good knowledge about online business that you are going to do, will help you to go a long way and earn a lot of money.

6 Reasons To Start A Business During This Pandemic

You are not mistaken – I standby the title of my article. This is the best time to set up a business of your dreams or to expand your current business and yes, we are all still in Covid pandemic situation. So why all my positivity? Have I gone off-tangent with my thoughts?

I am an economist and business educator. For a long period of time, I have also been an active Singapore/Indonesia representative of the World Future Society. Thus scenario-planning is quite up my alley of expertise.

So here are my thoughts about why it is ripe to start a business now.

Reason 1: Globalisation

The spread of globalisation has not ceased. Rather, more people are jumping onto the bandwagon of seeking goods and services from different countries. There is an unquenchable desire to purchase the next “big thing” no matter the source of the new ideas

Reason 2: Rapid Spread of Information

As the world holds it breath for the technological march towards 5G, what has to be accepted is the speed of both information and misinformation. This means that with the right marketing strategy, you can propel corporate branding to a larger base of potential customers within a shorter time.

Reason 3: From social media to Mega Sticky Media (MSM)

I have created this acronym MSM because during the Covid period starting from 2020, there was the rise of Tiktok to become a free media platform to get business message across. It was like a combination of YouTube and Instagram but in hyper-speed of seconds. For the first time in history, marketing people are forced to distil the essence of a brand to suit a typical Tiktok attention-span. To many, this is impossible but to the youth-market this phenomenon is mere referred to as “Got to do it quickly!” GTDIQ -another one of my newly created acronyms.

Reason 4: Social Activism

For a business to embrace social change and be a good business citizen is not new. It also makes good business sense too. But the tsunami of social events that started from 2020 and how shareholders and customers will support a business that will take a stand – has officially taken root. Thus, if you start a new business, it is almost a truism that your brand has to encompass a certain level of being a change-agent for the betterment of society.

Reason 5: No Lack of Funding

Not only is there no lack of funding, but there is also now a new financial model Special Purpose Acquisition Company (SPAC) which allows start-ups to bypass the traditional Initial Public Offering (IPO) route. There is now a big demand for patents and new business models that help dig out a new niche.

Reason 6: Food Security and Sustainability Issues

With the acceptance that food security and environmental sustainability will constantly challenge the minds of many governmental decision-makers, there is opportunities galore for more research in this area. Thus, start-ups can develop their business plan and strategy along the lines of these issues.

With all these factors in mind, do consider starting a business today!

Online Business at Home – What Do You Need to Start an Online Business?

Staring an online business at home is more than exciting. The hopes for profits, development and growth, however, can often lead to exactly the opposite. What you need to succeed is hard work and guidance on how to get a head start.

An idea and preliminary research are the first two things you need to start a business at home. You have to have a clear idea of what product or service you will provide and how. You have to do the necessary research to define your target market. These are the consumers you will be selling your product or service to. You have to research the competition as well. The research you carry out will help you decide whether to start a venture.

A business plan is the second thing you need for developing a successful and profitable venture. You should not assume that such a plan is only for large companies. It will be your general guide to development and growth.

Determine the purpose of your online business at home. Define your vision for the future. Decide where you want your venture to be in one year’s time, in five years’ time and in ten years’ time. Use this vision to set realistic goals. Then devise step by step mini plans for achieving these goals. Make sure you can allocate the necessary resources necessary for achieving each one of the set goals.

A marketing plan is another fundamental thing you need to get started. While the first plan is necessary to help you develop your online business at home, this one will help you run it and profit from it. A marketing plan is a strategy for promoting and selling your product.

Base your marketing plan on four factors. These are product, pricing, place and promotion. You have to figure out what your product will be like and how to package it so that it can sell well. You have to come up with a pricing strategy that will allow you to get good sales. Place has to do with where you will sell the product. Promotion encompasses everything from product advertising to press releases.

Investment is one of the most important factors you need for starting an online business at home. You have to decide how much money you need to invest in your venture and how much you can take out of your pocket. If you have to get financing from somewhere else, you have to consider the different options. It is also important for you to figure out how much time and work you will invest in your venture. As a novice internet entrepreneur, you have to find the right balance between your regular job and your online venture.

A website is the main technical thing you need to start an online business at home. Irrespective of the nature of your venture, you have to set up its virtual office. Find a domain name and register it first. You can build your own website using different paid and free tools and pay for hosting as well. You can have all of this done for you by a company. Choose the best option in line with your budget and business plan.

Registration, licenses and permits are other important things you need. Provided that you generate profits, you will have to pay taxes. If you are selling or marketing specific types of products, you may need special licenses and permits. Make sure you arrange all legal matters before you get started.

This is what you need to start an online business at home. You should work hard and smart in order to develop your venture. Remember that development is the key to success.

How Much Does it Cost to Start a Restaurant? – 5 Major Points to Consider

Obviously you have to know how much does it cost to start a restaurant if you want to get into this kind of business. You can calculate the estimates but starting up a restaurant depends on some factors. These factors can also depend on where you choose to open your restaurant.

Restaurant Size – It would cost you an average of $100 per seat if you’re going for a small restaurant that will have around 30 customers. While a bigger setting of around 250 people might spend an average of $300 per seat. Of course the cost would be higher if you want some custom made tables and chairs.

The smaller restaurant might be good with 900 square feet of space and the bigger ones might need around 11,000 square feet to meet their goals. Generally you have to consider 30% of that space is allocated for your kitchen, storage and other needs.

Location – There is a very big difference when it comes to the cost of the lease in different parts of the country. In one area you may be paying $15 per square foot, while in the downtown city you can end up paying $40 per square foot. Many landlords will ask fees for basic maintenance, insurance, land taxes on top of the basic lease cost which can have you spending $5 to $16 more per square foot.

One that’s common in this industry is that the cost of the lease should be about 9% – 11% of the yearly sales. If you think that you would be spending a little more than the average, then you should be very careful because the restaurant business run on small profit margins.

Cuisine – What meals are you going to provide? If you’re planning in opening up a fine dining steak or a seafood house then your meals would be expensive and you’re also going to need an expensive equipment to prepare and store them. On the other hand, you only need some basic equipment if you’re going to setup a small coffee shop.

Equipment – A high temperature charbroiler for beef and pork costs around $2,000 to $5,000. A small scale charbroiler for chicken starts from $1,600, while the cost for a convection oven is $4,000 to $6,500. You can also go for second hand equipment but you have to take a close look if they’re still in good working condition.

Regulatory Permits – Most of the time new owners don’t pay too much attention on the costs of permits and making sure that their restaurant is in accordance with health and safety codes. Getting your health and safety permits can cost you around $790 to $1,900 and this will depend on the needs to improve your restaurant.

Top Ten Reasons Why I Should Start Taking The GMAT Exam

The Graduate Management Admission Test, which is also known as the GMAT, is required by many of the top business schools. Many people put off taking this test until the last moment. There are many reasons why you should start taking it now or at least take its practice tests. The particular test is a big step for a lot of people, and it may be a requirement for you to get into a graduate program.

Reasons Why You Should Start Taking the Test

The graduate program that you want to attend may require you to take the test before you can begin working on your certified MBA. It is a good idea to get this out of the way as soon as possible so you know for certain come enrollment time that you are a candidate for the graduate program.
It takes a lot of people awhile to actually pass this particular test so you should be sure that you can pass it before it is time to begin your MBA course of choice.
There are many different sections of the GMAT and you need to make sure that you are going to pass them all to get into your graduate program. There is a verbal, quantitive reasoning, and analytical writing section to pass. If you start taking the test now you’ll be sure to have a passing score by the time you need to enroll for your program.
You should start taking the test now as all of the top business schools have different requirements. They all have specifics about the grading of the test and how you score. You want to have plenty of time to take action if you don’t meet the requirements for one school but you do for another.
This particular test will prepare you for other entrance exams that you may have to take to get into business school or a graduate program.
Taking the test and passing will show that you are serious about a job in the business field and your place in a business school.
In addition to a certified MBA many businesses like to see that a person has passed the test as well.
This particular test will give you an idea of where you stand. How well you do on the exam will show, for many people, what your strong points are and what your areas of opportunity may be.
Taking the test now will free up funds for later, as it usually costs $250 and you might need this money when it comes time to enroll.
Top business schools often don’t require the test but will give preference to those that have taken and passed the test.

As you can see, there are a lot of reasons for you to take the test. It’s not the easiest test, but with some studying you’ll be able to take it on. The GMAT will look good on your transcript and give you a leg up on the competition.