Skilled Entrepreneur, Gary Brewster of Oneida, Lists 5 Ideas to Develop a Successful Business

Skilled Entrepreneur, Gary Brewster of Oneida, Lists 5 Ideas to Develop a Successful BusinessWhile most people prefer to work for someone else, usually within a corporation, there are entrepreneur enthusiasts who desire to have their own businesses. Owning a small business can be rewarding and challenging; yet, the idea is attainable and realistic. People may want to have their own business but aren’t sure what type of business to start. Consider the following tips from lifelong entrepreneur, Gary Brewster of Oneida, for good business ideas.

Turn Your Hobby into a Business

Most people have hobbies, whether it be sewing, writing, drawing, photography, or painting. If you have a favorite hobby, tap into your inner self and see how your hobby can potentially be a career. For example, if you love photography, then consider planning a small business in photography. In fact, you have many options to specialize in, including wedding, newborn, senior, or family photography.

Consider the Job Competition in Your Area

Depending on where you live, there can be many small businesses competing with one another. Based on this information, decide if you should open a business in your local area. If the answer is no, ask yourself if you’re flexible enough to move to another town or city to establish your business. However, it may be that you can successfully run a business in your area. If so, then begin planning marketing strategies and advertising to attract new customers.

Consider Your Town’s Business Needs

Though this tip sounds similar to tip number two, there’s a slight difference. While it’s commendable that you’re pursuing your dream of owning a small business, the success of your business will depend on your location’s needs. For example, you want to open a tutoring center for students, however, the town already has three tutoring centers available. You must decide if it would be feasible to have another tutoring center in the same town. If the demand is great, even with three centers, then it’s definitely an option you should consider since there is obviously a need.

Choose the Small Business Structure

As a business owner, you can decide if you want to be a sole proprietor, corporation, partnership, or limited liability. The key differences in these types of business ownership are the legal aspects. In other words, some business ownerships hold you accountable and responsible for all of your assets, while others are protected by legal entities.

Begin Business Planning

Business planning is the process of writing a formal statement that explains the type of business you desire, your goals for the business, and how you will achieve your business goals. In addition, you will state the type of business ownership you want and forecast revenue for the first year.

Brainstorming good business ideas is the first step in running a small business. Consider turning your passion or hobby into a career. Investigate the job market in your area to determine if you should open a business in that location or relocate to a different town or city for a higher success rate. After you …

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Victor Mitchell, Lead Funding CEO and Life-long Entrepreneur, Offers 8 Ways to Be More Productive

Productivity is the heart of any great entrepreneurship journey. Getting more done, on the right things, in shorter time periods marks you as someone who goes above and beyond. However, contrary to popular belief this is not something that everyone does naturally. It takes understanding what the core tenets of productivity are and how to harness them in your life. If you don’t have time to sit down for hours at a time with tomes from the likes of Peter Drucker and other management authors, consume the following eight easy ways to start being more productive today.

1. Defining Your Goals

You can’t hit a target that you don’t set in the first place. Far too many entrepreneurs make the mistake of confusing busy work with productivity. Having no time in your schedule doesn’t make you a hero. Getting the right things done does. If you don’t define what these “right things” are from the start, you risk running around in circles. Instead, create 12-, six-, and three-month timelines with specific goals for you personally and your company. Then, create a system to track these goals and hold yourself accountable. Before you know it, you will start finding ways to get these goals done more often and faster than ever before. There’s a certain magic in writing something down.

2. Hiring the Right Team

You are only as good as the weakest link on your team. That is why it is crucial to hire the best people you can find. Sometimes, you might have to pay a little more than you planned to a get a quality employee on-board. But over time, it will probably pay off.

3. Automating Work

The last thing you want is to do repetitive work in your company. If someone can write a script to automate it, then you should opt for this every time. It might take some getting used to at first while you manage the details of creating automation protocols, but they will save you time in the long run and pay you back tenfold in the future.

4. Having Fewer Meetings

Meetings might seem like a smart idea at first. However, in reality, they are not. But while the sessions might not be ideal if overdone, they are perfect in small doses. Instead of holding meetings every day, cut them back to once per week.

5. Be an Early Riser

  1. Getting up early can make you more productive. Instead of feeling drowsy by the time you roll into the office, you feel like you are ready to take on the world. Besides, if you can sneak in some professional development time before you clock in, it is likely that you will not have to rely on pure willpower to do the same thing at the end of the day.

6. Cut Email for Other Apps

Email is known as a significant time killer in the corporate world. Still, people use it every day and often rely on it as a …

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