New Business Entrepreneurs – If You’re Looking For an Investor Without a Track Record, Scale Down

If you are looking to go into business for yourself and are hunting for an investor, but don’t have a proven track record in business, or in the field that you have chosen, you may have a very difficult time raising funds. Why do I say this–because I have been there and experienced the doubt and uncertainty that people have when you come to them with an idea for a business venture without having anything that will give an indication for future success. This doesn’t mean that they necessarily doubt you or your character, they just don’t see any previous accomplishments to give them enough confidence to invest in you.

It also doesn’t mean that you may not be successful in raising capital without a track record. You may have connections that will overlook your inexperience and give you the money you need. The odds, are, however, very low. When forming a business plan for a start up enterprise, it is much better to begin your venture as a scaled down, streamlined version of your larger vision. There are several advantages to doing this, regardless if you have funding or not. Here are some tips on how to proceed.

Focus on one product or service that you can market, promote and distribute with the least amount of expense. Choose one area, in other words, that you can master. Also, form a team of like-minded small businessmen and women who have the same overall goals that you have and brainstorm together. Bring in experts in their own fields like online marketing specialists and web site developers, as well as those who have businesses in related fields. When you network together with other entrepreneurs each will find in the other new sources of information and social business connections. For those of you who want to start a business but don’t have the money or the experience, there are several excellent companies, often called hybrid marketing companies, that you can find on the web that look for budding entrepreneurs. They offer free training and support and you won’t need the experience to get going. Whatever your circumstances, the only limitations that any of us have are the ones that we place on ourselves. Remove them and start your business life anew today.

Entrepreneur Business Idea – Develop a Small Business Customer Support Company

This article is about creating a business opportunity for a small business customer support center. Many small businesses have a product that occasionally requires customer support, yet their is not enough money in the business to run a full time call center on its own. This is where your business will come in. Read on to find out how you can create a customer support business to support many local and national small businesses.

By developing a customer support center, you will have the 800-numbers of multiple businesses routed through your call center. Using special software, the number of the client shows up with the business information, so that the person answering the phone knows which business they are representing for that call.

The companies that hire you will provide FAQ information about their products and services. Many of these questions will be able to be solves by the call center employees and the contractual agreement between the groups will decide how much leeway the operator will have for allowing returns or changing orders on the spot.

These people can also take phone messages as if you were out of the office, even though you don’t work in the same building or even the same state. Many of these call centers have been located overseas, but customers are getting fed up with language barriers and the general lack of understanding about the problems. Due to these current issues, this would be a great time to establish yourself as a domestic call center, and come up with more capabilities that you can handle for the clients.

Tip #1 – Home Business Entrepreneurs Are Organized

If you’ve tuned in to our video series on home business tips, you will have seen Jani discuss the topic of being organized. While this tip might seem obvious because organization applies to so many things we do on an everyday basis. But the question here should be why is it so important to mention it when it pertains to having our own home based business opportunity.

When we work for an employer in an office environment outside our home for example, very often we step into an environment that got organized and systemized for us and we just have to follow the established work rules in place. Because we work for an “organization”, they will have organized everything for us. When we work from home and work for ourselves, it then becomes logical and important to establish the organized work environment for ourselves.

While one of the reasons an individual wants to become a home based business entrepreneur is because of the freedom the home environment procures, it is also that same environment that can distract you and deter your focus from business related activities.

Having an office is a good idea and we will talk about that later in the series but you don’t want to be sequestered to an office so you may want to make yourself wireless enabled. Having a laptop, wireless Internet, and cordless phones is all you need to be mobile within your own home. It allows you to take calls from anywhere in the house and tap into any online resources you need. Most wireless phones have speaker phone capabilities which is great to keep your hands free should you need to access your laptop at the same time. An even better way to be hands free is to plug a microphone headset to your wireless phone which provides even clearer communication.

It doesn’t take much hardware to be in business from home but what else will help you stay organized? One of the things you can use your laptop for to stay organized is to establish a schedule. Making up a schedule and sticking to it is one of the organization tools that will keep you most efficient and give you back time you didn’t realize you had. When I first established a schedule for myself (reluctantly) I was most amazed at how much time I had for myself. By categorizing everything you do, from business to personal items, you actually end up having more time than without a schedule. That is because there are several small blocks of time (5-15 min) scattered throughout the day that are wasted and when taking them all into account by making them part of the schedule, you eliminate the waste and therefore end up with time you did not realize you had. What you do with that time is up to you!

There are several softwares out there that allow you to keep a schedule, from very expensive to totally free. I use the MAC system because it incorporates the management of scheduling, communication and marketing all in one. And it does it from an online platform which means that all this is available to me whether I’m at home or away as long as I have access to the Internet. There is a monthly cost to the MAC system which is well worth it given all it does but there are other alternatives out there which we happily provide in our training.

Jani, being a single mom, quickly adopted flylady.net to develop her schedule. It’s one thing to have a software to hold a schedule but it’s another thing all together to know what to put in your schedule in order to fit everything in given the “rat race” we sometimes perceive to live in. You might find flylady handy for you; don’t worry, being a single mom is not a pre-requisite to use the site.

Schedules, time management and organization is a topic that can branch into finer details and therefore a topic I could expand on as I do with my team, but since I’m writing an article and not a book, we will have to stop here. I hope that our first business tip has been of value to you and you are welcome to come back for more as we build our home business tip series for the individuals looking at starting a home business or the entrepreneurs actively operating one. Here’s an idea, how about you make a point of visiting our blog on a regular basis by marking it in your schedule – are you ready to pencil it in?