Lecture (1 )
Small Business
An entrepreneur is someone who starts or operates a business venture and assumes the responsibility for it He or she provides goods or services to individuals
or businesses for payment
Managing my own businessPeople who start their own business have control over what they do in their working life By managing their own business they have the opportunity to shape their work environment and make an impact on their community But often there will be resistance especially if a new business idea is introduced Therefore one needs management skills to make the business successful as well as to convince thecommunity that it can only help them or at least can do them no harm
A good manager is a planner a person who has vision sets goals for achieving that vision and ensures that the necessary resources financial and human are obtained and allocated in timeSome key qualities good managers have
1048664 reliability1048664 integrity (financial and ethical)1048664 ability to lead1048664 ability to set a goal and work towards it in small steps1048664 eagerness to meet obligations etc
CommunicatingGood communication in business is important because clients and business partners need to understand precisely what you are trying to buy or sell Businesspeople need to be cheerful keen polite and helpful Entrepreneurs should show interest in the customer and listen carefully to find out as much as possible about his or her needs Listening is an important part of communicating
The entrepreneur needs to inform clients and business partners about the productsandor services they are selling and how these can meet their needs Being honestand frank about our product or service can help build clientsrsquo trust and confidence in us This means that we should not give the client an incorrect impression of our product Being frank in general may also help us to buy materials or services at a reasonable price from our business partners
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
An entrepreneur is someone who starts or operates a business venture and assumes the responsibility for it He or she provides goods or services to individuals
or businesses for payment
Managing my own businessPeople who start their own business have control over what they do in their working life By managing their own business they have the opportunity to shape their work environment and make an impact on their community But often there will be resistance especially if a new business idea is introduced Therefore one needs management skills to make the business successful as well as to convince thecommunity that it can only help them or at least can do them no harm
A good manager is a planner a person who has vision sets goals for achieving that vision and ensures that the necessary resources financial and human are obtained and allocated in timeSome key qualities good managers have
1048664 reliability1048664 integrity (financial and ethical)1048664 ability to lead1048664 ability to set a goal and work towards it in small steps1048664 eagerness to meet obligations etc
CommunicatingGood communication in business is important because clients and business partners need to understand precisely what you are trying to buy or sell Businesspeople need to be cheerful keen polite and helpful Entrepreneurs should show interest in the customer and listen carefully to find out as much as possible about his or her needs Listening is an important part of communicating
The entrepreneur needs to inform clients and business partners about the productsandor services they are selling and how these can meet their needs Being honestand frank about our product or service can help build clientsrsquo trust and confidence in us This means that we should not give the client an incorrect impression of our product Being frank in general may also help us to buy materials or services at a reasonable price from our business partners
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Managing my own businessPeople who start their own business have control over what they do in their working life By managing their own business they have the opportunity to shape their work environment and make an impact on their community But often there will be resistance especially if a new business idea is introduced Therefore one needs management skills to make the business successful as well as to convince thecommunity that it can only help them or at least can do them no harm
A good manager is a planner a person who has vision sets goals for achieving that vision and ensures that the necessary resources financial and human are obtained and allocated in timeSome key qualities good managers have
1048664 reliability1048664 integrity (financial and ethical)1048664 ability to lead1048664 ability to set a goal and work towards it in small steps1048664 eagerness to meet obligations etc
CommunicatingGood communication in business is important because clients and business partners need to understand precisely what you are trying to buy or sell Businesspeople need to be cheerful keen polite and helpful Entrepreneurs should show interest in the customer and listen carefully to find out as much as possible about his or her needs Listening is an important part of communicating
The entrepreneur needs to inform clients and business partners about the productsandor services they are selling and how these can meet their needs Being honestand frank about our product or service can help build clientsrsquo trust and confidence in us This means that we should not give the client an incorrect impression of our product Being frank in general may also help us to buy materials or services at a reasonable price from our business partners
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
A good manager is a planner a person who has vision sets goals for achieving that vision and ensures that the necessary resources financial and human are obtained and allocated in timeSome key qualities good managers have
1048664 reliability1048664 integrity (financial and ethical)1048664 ability to lead1048664 ability to set a goal and work towards it in small steps1048664 eagerness to meet obligations etc
CommunicatingGood communication in business is important because clients and business partners need to understand precisely what you are trying to buy or sell Businesspeople need to be cheerful keen polite and helpful Entrepreneurs should show interest in the customer and listen carefully to find out as much as possible about his or her needs Listening is an important part of communicating
The entrepreneur needs to inform clients and business partners about the productsandor services they are selling and how these can meet their needs Being honestand frank about our product or service can help build clientsrsquo trust and confidence in us This means that we should not give the client an incorrect impression of our product Being frank in general may also help us to buy materials or services at a reasonable price from our business partners
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
CommunicatingGood communication in business is important because clients and business partners need to understand precisely what you are trying to buy or sell Businesspeople need to be cheerful keen polite and helpful Entrepreneurs should show interest in the customer and listen carefully to find out as much as possible about his or her needs Listening is an important part of communicating
The entrepreneur needs to inform clients and business partners about the productsandor services they are selling and how these can meet their needs Being honestand frank about our product or service can help build clientsrsquo trust and confidence in us This means that we should not give the client an incorrect impression of our product Being frank in general may also help us to buy materials or services at a reasonable price from our business partners
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
The entrepreneur needs to inform clients and business partners about the productsandor services they are selling and how these can meet their needs Being honestand frank about our product or service can help build clientsrsquo trust and confidence in us This means that we should not give the client an incorrect impression of our product Being frank in general may also help us to buy materials or services at a reasonable price from our business partners
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
The client should describe his or her needs which may or may not be satisfied by the product The businessperson should clearly describe the product or service and its uses and explain how the product can be adapted to suit the clientrsquos needs
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Making the best use of my time
Managing time is an essential part of good business planning because time is a resource that has a monetary value Poor time management usually leads to last minute rushes to meet deadlines causing stress and inferior performance This may result in a product or service of poor quality andor it not being delivered in time A disappointed customer may seek a more reliable business provider
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Good time management allows for contingencies beyond our control such as bad weather
Often we must undertake several tasks at the same time in order to complete our job We do this by estimating the amount of time necessary for each task and organizing our work accordingly This is true of many of the activities that we take on in our everyday lives
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
The time taken for the various stages of production should be recorded so that clients can be given estimates of delivery time and the timeframe of future
projects may be planned
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Opening a Small Business Creating a More Flexible Lifestyle
Why Opening a Small Business Might be a Great Idea For You
Opening a small business can give you a more flexible lifestyle especially if you are starting a home business Millions of people have already found the greater freedom you are looking forYou can find it too
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Nearly half of the worlds richest people are entrepreneurs making opening a small business the number one way to get rich and sometimes very richNeed to satisfy that creative drive in you There are more than enough opportunities for you in creating a successful business
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Opening a small business has never been easier or less expensive There are profitable small businesses that you can start today for under $2000 For example you can start a website business with hardly more than a laptop computer
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Anybody with the desire drive and average intelligence can start a successful small business of their own
People just like you have not only thought about starting a small business of their very own but have actually done it and with amazing success
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Opening a Small Business Contains Valuable Information Including the Following
You can start your small business today MyStarting a Small Business page has step-by-step instructions on how to start a small business
Find Small Business Ideas including creating a website business market gardening an eBay business computer repair and many more
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Have you successfully started a small business but are uncertain as to what to do next On myBusiness Growth page you can find some solid suggestions and tips that will help you grow your business
For retailers eBay sellers and other merchandisers a
free list of genuine wholesale companies
that are some of the best wholesalers
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Many business plans can be pretty complex On this page you will find a simple Business Plan Template that will show you the main components of a good professional business plan
The best ways to finance your small business Should you try for a small business loan If so where to get the
best small business loans
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Featured Small Business IdeasLandscaping Business
A landscaping andor gardening business is a great small business to get into especially for someone who loves working with their hands outsideAnd youll be amazed how easy and fast it is to start depending on your area of emphasis Here are a few gardening and landscaping small business suggestions much of it almost anyone can do if not you can learn
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Regular monthly lawn and garden maintenance at homes and businesses mowing lawns pruning bushes and small trees weeding light sprinkler system repair
Specialize in lawn and garden sprinkler irrigation maintenance repair and instillation businessTree pruning and removal serviceInstalling fish ponds
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
The Gift Basket Business is Booming
Do you have a desire to start a small business but youre not certain as to what kind Maybe your a person with some artistic ability you are really tired you want to leave your present job and start to fly on your own
Your thinking I want to work out of my home from my garage
from the back yard or patio You know what
Increasingly there are more and more small businesses today that
you can do just that And thats exactly what this website is all
aboutA suggestion If you enjoy
working with others as a team and you have artistic ability
there is a popular and often very lucrative small business today a
Gift Basket Business
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Your thinking I want to work out of my home from my garage from the back yard or patio You know what
Increasingly there are more and more small businesses today that you can do
just that A suggestion If you enjoy working with others as a team and you have artistic ability there is a popular and often very profitable small business today a Gift Basket Business
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Selling Items on eBay or Amazon
Selling on eBay can be very exciting and profitable but only if you have a product that people really want Otherwise eBays high and ever increasing fees and restrictions will first drive you crazy and then absolutely kill your business
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Blogging Business ideaAre you looking for online business you can start with little or no capital Starting a blogging business could be the best choice for you if you have desire for writing Blog business ideas are very viable and profitable and can be started with little or no capital You can make money blogging and even make a living from this simple but very profitable online business If you currently own a business and you sell a product or render a service the best way to market your business
is through a blog -
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Starting a business blog is the best decision every entrepreneur must made in this information age this is because blog will constantly bring visitor (potential customers) to your business website and larger percentage of them may become your customer and the more the customer the more the money Therefore if you are just starting out or already into a business blog business ideas will go a long way in liberating you from financial stress and bring passive income into your pocket for live
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Questions Before Starting
So yoursquove got what it takes to be an entrepreneur
Now ask yourself these questions to make sure yoursquore
thinking about the right key business decisions
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Do I have what it takes to ownmanage a small business
You will be your own most important asset so an objective appraisal of your strengths and weaknesses is essential To determine if you have what it takes you need to answer some questions about yourself Am I a self-starter How well do I get along with a variety of personalities How good am I at making decisions Do I have the physical and emotional stamina to run a business How well do I plan and organize Am I willing to travel Are my attitudes and drive strong enough to maintain motivation How will the business affect my
family
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What business should I choose
Usually the best business for you is the one in which you are most skilled and interested For example it you are trained as a childrens librarian you may want to consider storytelling As you review your options it is advisable to consult local experts and business persons about opportunities in your area Matching your background with the local market characteristics will increase your chance of success
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What is a business plan and why do I need one
A business plan precisely defines your business identifies your goals and serves as your firms resume Its basic components include a market study marketingpromotional strategy current balance sheet an income statement and a cash flow analysis It helps you allocate resources properly handle unforeseen complications and make the right decisions Because it provides specific and organized information about your company and how you will repay borrowed money a good business plan is a crucial part of any loan package Additionally it can tell your sales personnel suppliers and others about your
operations and goals
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What do I need to succeed in a business
There are four basic needs for success in small business 1- sound management practices2- industry experience3- technical support 4- planning ability
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
How can I hire qualified employees
Choose your employees carefully Decide beforehand what you want them to do Be specific You may need flexible employees who can shift from task to task as required Interview and screen applicants with care Remember good questions lead to good answers The more you learn about each applicants experience and skills the better prepared you are to make your
decision
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
How much money do I need to get started
Once you have taken care of your building and equipment needs you also must have enough money on hand to cover operating expenses (fixed and variable costs) for at least one year These expenses include your salary as the owner and money to repay your loans One of the leading causes of business failure is insufficient start-up capital Consequently you should work closely with your accountant to estimate your cash flow needs Writing a business plan will provide you with accurate
information on your needs for capital
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What are the alternatives in financing a business
Committing your own funds is often the first financing step It is certainly the best indicator of how serious you are about your business Risking your own money gives confidence to others who may invest in your business You may want to consider family members or a partner for additional financing Banks are an obvious source of funds Other loan sources include commercial finance companies venture capital firms local development companies and life insurance companies Trade credit selling stock and equipment leasing offer alternatives to borrowing Leasing for example can be an advantage because it ties up less of your cash
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What do I have to do to get a loan
Initially the lender will ask three questions
How will you use the loan proceeds How much do you need to borrow How will you repay the loan
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What kind of profits can I expect
Not an easy question and you need to consider income and expenses before you even start to think about profits However there are standards of comparison called industry norms and ratios which can help you estimate your profits Return on investment (ROI) for example estimates the amount of profit gained on a given number of dollars invested in the business These ratios are broken down by standard industrial classification (SIC) code for assets and size so you can look up your type of business to see what the industry averages are
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What financial statements will I need
You should prepare and understand three basic financial statements
1 -the balance sheet which is a record of assets liabilities and capital at a specific point
in time
2 -the income (profit and loss) statement which is a summary of your earnings expenses and net profit (or loss) over a given period of time and
3 -the cash flow projection which shows the actual inflows and actual outflows of cash into
and out of your business
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What does marketing involve
Marketing is your most important operational concern There are four basic aspects of
marketing often called the four Ps product a description of the item or service
you sell price the amount you charge for your product
or service promotion the ways you inform your market as to who what and where you are
place the distribution channels you use to
offer the product to the customer
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
As you can see marketing encompasses much more than just advertising or selling For example a major part of marketing involves researching your customers What do they want What can they afford What do they think Your understanding and application of the answers to such questions play a major role in the success or
failure of your business
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
What about advertisingpromotion
Your business growth will be influenced by how well you plan and execute an advertising program Because it is one of the main creators of your businesss image it must be well planned and well budgeted Contact local advertising agencies to assist you in devising an effective
advertising promotional strategy
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
How do I set price levelsThe price of a service or item is based on three basic production costs direct materials labor and overhead (the share of facilities utilities taxes insurance security and other general operating costs of the business attributable to the product or service - for example if one product accounts for 10 percent of your business 10 percent of your overhead is assigned to it) After these costs are determined (the break-even cost) you factor in the profit desired Because pricing can be a complicated process and you must remain competitive as well as profitable you may wish to seek help
from an expert
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Can I operate a business from my home
Yes In fact experts estimate that as many as 20 percent of new small businesses are operated out of the owners home Local offices and state chambers of commerce can provide pertinent information on how to manage a home-based
business
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Examples of new low cost industry ideas
Beauty CareAgricultureArts and CraftsServicesTechnologyEducationSportsAutomotiveFoodFashionFinancial ServicesTravel
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Internet Business ideasSecurityReal EstateImport and ExportManufacturingRetail Business ideasMarketing and AdvertisingMedia and PublishingEntertainmentHealthcare and Medical ServicesHome Based business ideas
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Assignment
1 -What is the problems facing small business in Egypt
2 -What is the future of small business
In Egypt
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
3 -Select a product (or service) and do the following
-List the tasks involved in the preparation of the product to the point of delivery
-Estimate time needed for each stage of production leaving a small margin (approximately 10) for unforeseen contingencies
-Determine how different stages of production can be run simultaneously
and draw up a time plan
Than
ks fo
r Yo
ur
Atten
tion
Than
ks fo
r Yo
ur
Atten
tion
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