Writing a Mini Business Plan

Jeff Hendrix

Writing a full business plan is a ton of work no doubt. If you are a student it could take 6 months or more to make a full plan. If you aren't seeking funding or don't want to create that full on business plan then what options do you have? I still think you should create a plan, just because it will be incredibly beneficial for your business, but there is a shortened business plan that you can create that will give insights into the industry and business you are looking to run without the time investment of a full plan. This shortened plan is known by many as a preliminary venture analysis. (called a PVA for short) A PVA give you the info needed to create a fairly quick decision on whether or not your business is feasible or if you have a smaller decision that needs to be made such as whether or not a new product line should be launched. A PVA is most comparable to the executive summary part of a full business plan. The big difference between the two is that to make a PVA you will spend a lot less time gathering information and researching. This means it will not have the same depth as an executive summary.

A PVA is quite useful to show to various organizations and to circulate around. It is sort of like a paper version of the Elevator pitch and there are several companies you can send PVA's too that review and circulate them so that you can hopefully find angel investors around the country. For business plan competitions with the right PVA's you can show them off to receive reviews or even funding if its good enough. By making a mini business plan you are saving yourself the time and effort needed to make a full on business plan but still have something concrete and real to show.

Want more information about starting and running a business? If the answer is yes than you need to check out our website at http://startyourowncompany.theinformationexperts.com It will show you how to run your own great company and be your own boss.

Should I Own a Job Or Own a Business?

Jan Buske

After graduating from high school and/or college, most people start earning a living by trading hours for dollars (A JOB). Whether you work for a family member, friend or maybe a business, you work for a traditional "boss", have to be on the job certain hours, have to perform specifically as trained and basically have very little FREEDOM! Limitations rule and can make you feel like a lion in a cage.

However, this is the lot of most people in life forever because they don't have the necessary skills to employ themselves properly in operating their own business (or don't have the desire). Therefore, making more money in a traditional JOB is more attractive leaving their freedoms at a disadvantage.

There are other choices.

First of all you might OWN A JOB. What does that mean? A person who owns a JOB is one that is a free enterpriser that might own a home-based business. These are people who have their own businesses but simply sell a product. There are no other employees or business associates. It's a "one-man show" so to speak. And, if you are absent, probably no income will be coming in.

However, this choice might be less desirable than having a traditional JOB and trading hours for dollars. Why? Because you could be earning less although you may have more freedoms. You probably have more headaches, too, trying to wear all the "hats" of owning your own business like marketing, selling, administrative and even shipping, to name a few.

A better choice would be to OWN A BUSINESS. A business, by definition, means you employ other people in your business. And, it means if YOU stop showing up, your business will continue, survive and even thrive guaranteeing your income will continue.

The least expensive business (and the best) like this is a "network marketing" business. Emphasis is on "work". For an example, if a farmer plants a seed but he doesn't wait for it to produce, he can't expect to declare himself a millionaire. He must fertilize, irrigate, plan for all types of weather, etc. In other words, it takes WORK! And it takes time!

Same in network marketing. These days, there are many "get-rich quick" schemes on the internet, but face the truth. Surely you will agree there is no substitute for work and besides, network marketing is a "people" business and it takes time and effort to gain peoples' trust. It will be worth all the time and effort you expend, though, because many network marketing businesses have a very generous compensation plan and certainly provide freedom at your choosing!

"Hybrid" network marketing is the best of all worlds. This type of business has a job function (owning a business) attached to a pay plan. The focus is on making money first (and quickly) through a generous compensation plan and looking for other business builders along the way to build your own business. A network marketer is basically replicating himself and his business. This is called leverage and a very smart way to earn a huge income. Imagine the income if you duplicate yourself over and over in your business earning from each of these team members.

By building this type of business, you can enjoy all the "freedoms" you like: no time restraints, no ceiling on income, no boss, no relying on Social Security, etc. The sky is the limit.

Jan Buske is an avid internet marketer with a passion for teaching others to become 6-figure+ income earners. Training under well-known mentors/marketers, she "cuts through the chase" and focuses on outstanding product, lucrative compensation plan and the state-of-the art marketing system to build teams. You may learn more about Jan at: http://www.resortvacations-are-us.com

Why Small Business Entrepreneurs Need a Mentor

A mentor is a must for the success of your small business. Do you have one as yet? A mentor is a person who has more entrepreneurial business experience that you and he or she is someone you learn to trust over a period of time.

However, you might be wondering why a small business mentor is important for the development of your business. After all, you have friends and family you trust and whose opinions you respect. The reason is that a mentor can guide and nudge you towards the right business direction.

If you are an entrepreneur and dream of running a highly successful business, you should go out and find a mentor immediately. It is definitely not easy to find a good mentor but they are out there waiting for a mentee who is willing to work hard to build a successful business. When I found my mentor (Charlie Schaivo), it made a world of difference to the way I approach my dental practice.

It made a huge difference to my success. He instilled confidence in me and taught me without even me knowing about it. So, when you find your mentor, you too will start having the successes that you have always wanted for your business.

Joe Capista

When you want a small business mentor, you should look for a few characteristics in him or her. It is important that you and your mentor share the same values; you should have a good rapport with your mentor; you should be always willing to listen to him or her even it is something you do not want to hear; your mentor should have goals lined up for you; and he or she should be willing to use their time and energy, assuming that you do not waste their time and yours.

The advantages of having a small business mentor is that he or she has already achieved what you want to; your mentor provides you this experience for free; and he or she expands your network by putting you in touch with other experienced people. All these advantages result in you having a highly successful business. There is absolutely no doubt that a mentor is essential for all small business entrepreneurs.

To find out more about creating a successful business go to http://www.joecapista.com to access the free eBook, Build a Multi-Million Dollar Business.

3 Qualities That Every Successful Entrepreneur Must Have!

If you think being a successful entrepreneur is impossible -think again. Many have taken the leap to create a better life for themselves and their families. Because of the downturn in the economy, downsizing (by many once stable companies), and the high cost of living many are searching for alternative income. Hence the stampede to the home based business and the world of entrepreneurship. But what does it takes to be a successful entrepreneur? What qualities must a person have to be successful as an entrepreneur? It has been proven that successful entrepreneurs have:

1. The right Mindset

The right mindset is the key to being a successful entrepreneur. You must believe in your self and your abilities to get things done. It is so amazing how we always think other people can do it but we can't.

Remember to relax and look for help when you need it. I sure did. Understand that you are in business for you self but not by yourself. If your goal is to earn $2000 or $10,000 a week, believe it is possible. Anything some else can do you can do it to. You must believe that the good life is for you and that you deserve it. Otherwise you will sabotage your self if success comes to you.

2. The Marketing Passion

Successful entrepreneurs must be open-minded and embrace changes. They are never afraid to take a risk. They are savvy and understand the need to promote their product through effective mediums. Far too many entrepreneurs underestimate how important this is to the livelihood of their business. If you don't have prospects you don't have customers. If you don't nave customers you are not in business.

The call word for an entrepreneur is Promote, promote, promote. Because of all the new technology available for marketing the successful entrepreneur has just every thing needed to succeed. The internet is the largest marketing medium in the world and it is right at our fingertips.

3. The Right Mission

Successful entrepreneurs must have a reason for being successful. When the obstacles come, and they will you must have a strong "Yes" to continue on or you will say No and quit. Their must be meaning and passion in what you do or the path will feel empty.

Sir Winston Churchill had to give a speech and a commencement service of a military academy and he only said 9 words "Never Give Up, Never Give Up, Never Give Up" and walked of the stage. What was his message? Persistence! Persistent will be to a successful entrepreneur as carbon is to steel. When you have spent your last dollar and the next sales is not coming as planned you must persist, because your biggest break through is usually just after your biggest disappointments. Maybe you want to help starving people in Africa. Maybe you want to help hungry children around the world. Maybe you just want to have enough money to help those around you. What ever your mission is it must be big and beautiful. It must add meaning to your life.

Kenyatta Nairn

As you can see you can develop yourself into a successful entrepreneur if you have the right mindset, market yourself and product and have a mission for success. Remember "Nothing changes in your life until you do" I hope this helped!

If you need more help please visit the website below.

"Keep your dreams alive by taking action"

Kenyatta Nairn
Success Coach and Wealth Master Consultant
(206) -888-6320
"Helping average people to become millionaires"
http://www.cashfree.ws