How To Start A Small Home Based Business With Little Or No Money And Make $50,000 Per Year In 5 years Or Less
Book Details
Author(s)
The Small Business Guide
Publisher
AMPublishing.com
ISBN / ASIN
B00B1MAZT2
ISBN-13
978B00B1MAZT9
Sales Rank
#877,810
Marketplace
United States 🇺🇸
Description
Table Of Contents
Chapter 1: Why Start Your Own Business?
Most popular road to financial independence
Advantages of a one person business
Why should you listen to me
3 Traits of a successfully self-employed person
The 2 most important ideas from this book
Chapter 2: Deciding What Kind Of Business To Start
Design
Opportunity
Identify your skills and resources
Which is right for you?
Little or no capital home based business ideas
Chapter 3: How Will You Start Your New Business
Formal
Informal/experimental
In my case
But wait!!!
From zero to $50,000 per year in 5 years or less
Chapter 4: Legal Stuff
Establish a business identity
Liability and taxes
Forms of legal entities
Save hundreds by incorporating yourself
Business licenses, rules and regulations
Insurance
Start keeping books immediately
Tax accounting
Chapter 5: Practical Matters
Business plan
Copy, don't innovate
Guerrilla marketing and promotion
Your competitive advantage
How to price your product
Specialization is the key
Why it's OK to look small
Living below your means
Other
Chapter 1: Why Start Your Own Business?
The Most Popular Road To Financial Independence: Starting your own business is by far the most popular road to financial independence. It’s open to everyone and can be done with little or no money. All it takes is the determination and the will to do what ever is necessary. But this is where most people fail.
They think they can’t do it. I read somewhere that the most common factor in successfully starting your own business is having a role model. In other words, knowing someone who has done it before so that you know it’s possible. This gives you the confidence to try because you’ve already seen it done.
Fear of risk: The main reason people stay with a job is that they don’t want to take a risk. When you work for someone else you’re paying them for their business risk. They’re only paying you part of what you're worth because you’re afraid to work for yourself. They are making money from your fear of risk.
When you work for yourself you’re not sharing the profits of your labor with someone. Then when business gets too much for you to handle you can hire others to work for you and you’ll get a share of their labor profits.
Start up capital: You don't necessarily need much if any capital to start a business. You just need to be creative. Some businesses take nothing so you can use them as a starter business to make and save money for the next business. There are lots of no capital business opportunities.
No money is the biggest reason people give for not starting a business. But you can start a one person business using the knowledge and the resources you already have.
You don’t need a formal business structure, a fancy office and a new company vehicle. All you need is to start doing an activities that makes money.
Financial freedom: Failure to start a business is not a matter of start up capital. More likely it's a matter of lack of confidence and motivation.
I only had one truly successful business in my life but that’s all it took to set me up financially. I started my business out of necessity. I had no skills, no education, and no money. But I wanted the freedom to do as I please and to travel the world. The only way I could do this was to have money.
So I started a business with the pieces I already had. I didn’t like the work. But I did it because it was my only option.
It took a few years but suddenly I was making good money. After that I was hiring people to help with all the extra work i had. Then I hired a manager to run things and started traveling the world for months at a time.
The only way I could do this was because I had a source of income. I had set up a business that gave me financial independence.
Some people can make it through their education, or their talents, or their personality in the corporate world. But people like me can’t. We have to find another road.
Chapter 1: Why Start Your Own Business?
Most popular road to financial independence
Advantages of a one person business
Why should you listen to me
3 Traits of a successfully self-employed person
The 2 most important ideas from this book
Chapter 2: Deciding What Kind Of Business To Start
Design
Opportunity
Identify your skills and resources
Which is right for you?
Little or no capital home based business ideas
Chapter 3: How Will You Start Your New Business
Formal
Informal/experimental
In my case
But wait!!!
From zero to $50,000 per year in 5 years or less
Chapter 4: Legal Stuff
Establish a business identity
Liability and taxes
Forms of legal entities
Save hundreds by incorporating yourself
Business licenses, rules and regulations
Insurance
Start keeping books immediately
Tax accounting
Chapter 5: Practical Matters
Business plan
Copy, don't innovate
Guerrilla marketing and promotion
Your competitive advantage
How to price your product
Specialization is the key
Why it's OK to look small
Living below your means
Other
Chapter 1: Why Start Your Own Business?
The Most Popular Road To Financial Independence: Starting your own business is by far the most popular road to financial independence. It’s open to everyone and can be done with little or no money. All it takes is the determination and the will to do what ever is necessary. But this is where most people fail.
They think they can’t do it. I read somewhere that the most common factor in successfully starting your own business is having a role model. In other words, knowing someone who has done it before so that you know it’s possible. This gives you the confidence to try because you’ve already seen it done.
Fear of risk: The main reason people stay with a job is that they don’t want to take a risk. When you work for someone else you’re paying them for their business risk. They’re only paying you part of what you're worth because you’re afraid to work for yourself. They are making money from your fear of risk.
When you work for yourself you’re not sharing the profits of your labor with someone. Then when business gets too much for you to handle you can hire others to work for you and you’ll get a share of their labor profits.
Start up capital: You don't necessarily need much if any capital to start a business. You just need to be creative. Some businesses take nothing so you can use them as a starter business to make and save money for the next business. There are lots of no capital business opportunities.
No money is the biggest reason people give for not starting a business. But you can start a one person business using the knowledge and the resources you already have.
You don’t need a formal business structure, a fancy office and a new company vehicle. All you need is to start doing an activities that makes money.
Financial freedom: Failure to start a business is not a matter of start up capital. More likely it's a matter of lack of confidence and motivation.
I only had one truly successful business in my life but that’s all it took to set me up financially. I started my business out of necessity. I had no skills, no education, and no money. But I wanted the freedom to do as I please and to travel the world. The only way I could do this was to have money.
So I started a business with the pieces I already had. I didn’t like the work. But I did it because it was my only option.
It took a few years but suddenly I was making good money. After that I was hiring people to help with all the extra work i had. Then I hired a manager to run things and started traveling the world for months at a time.
The only way I could do this was because I had a source of income. I had set up a business that gave me financial independence.
Some people can make it through their education, or their talents, or their personality in the corporate world. But people like me can’t. We have to find another road.
