Do You Have an Idea For a Dream Business?

Generally a business idea starts as a dream. We all dream daily but most times we cannot remember what the dream was about. The best way to remember your dream is to always keep an ongoing journal or a small notebook by your bedside.

Immediately after you wake up jot down the person, place, things, colors, sounds or any minor details you may recall. Some details may be revealed as a business idea for a product even if it is unpleasant or vague and especially if you have dreams about the same things.

An example would be if your dream reveals to you the idea of playing with children’s toys. Take that idea and think of the many kinds of toys you can visualize and create. You can even expand on other accessories for this toy. This could be your new dream idea for a business.

Here are just a few ideas or suggestions:

1. Do extensive research on the different toys children really like

2. Do a random survey on different age groups

3. Do settle on a target age group to focus your plans for a toy

Perhaps you could ask a local school Principal’s permission to hand out surveys to their students. Print out a fun and colorful survey with pictures on it so the children can view and mark which items they prefer.

Certain age groups vary in their likes and dislikes. Write your survey for several groups to get a feel of what girls versus boys may like. Boys often like toys that make a loud noise whereas girls may like a quieter sound. Boys may not even notice the color of a toy while girls like softer colors like pink or yellow.

Now you see how your dream can turn into an business idea and possible expanding to include product accessories and school products like lunch boxes, dolls, trucks, comic books, etc.

Go for it!

Is Fear of Failure Holding You Back From Starting Your Own Painting Business?

It’s a known fact among house painters that over 90% of new painting businesses never make it past the first year. But did you also know that one of the main reasons so many good painters never get started is due to fear of failure? Fear of failure paralyzes painters into remaining in dead-end jobs doing this for bosses who don’t appreciate them and who barely pay them enough to survive.

Although our industry desperately needs better customer service oriented painters in the field, there is a right and wrong way to go about getting started. The thought process for most house painters considering starting their own business is “I know how to paint so I will start my own painting business” but it quickly becomes clear that there is more to owning a business then the ability to apply paint well. Don’t get me wrong good skills are a very important part of the process, but there are two other skill sets that must be developed also. Having a grasp of these two skill sets practically eliminates the fear of failure and will put you on a firm foundation to grow your painting business.

The first skill set is marketing, which is the ability to get your phone ringing and consistently bring in new work.

The second skill set is bidding and estimating, which is the ability to come up with the right price and land jobs on a consistent basis. There are really only two ways to develop these two areas of specialized knowledge. You can take the frustrating, costly and time-consuming route of trying to figure it out on your own through trial and error, or you can research study and apply proven techniques found in a quality painting business building home study course.

My point is that the information gathering phase is arguably the most important first step, but unfortunately it’s also the most overlooked. The good news is there’s one sure fire way to overcome the fear of failure and that is to gather information and educate yourself about what it takes to start, profit and succeed before you jump right in. Spend some time searching the Internet looking for websites and gathering information such as articles and interviews, presented by people who are already experiencing the type of success that you would like to achieve.

Decide what type of paint jobs you would like to target (for example, interior residential repaints). Speak to your local professional store manager and ask questions about your local market. The funny thing about the fear of failure is that it only exists because of “lack of knowledge”.

So if you spend some time gathering information from credible sources about how to develop a cost effective marketing system and how to competitively and profitably bid and estimate paint jobs you will quickly gain the confidence to finally take the step and be your own boss. The more knowledge you gain before you get started, the greater your chance for long-term predictable success.

How to Start a Purse Party Business – The Essentials

If you are looking for a way to make money out of your home or simply supplement your regular employment income, starting a purse party consulting business could be a great option for you. In contrast to a number of other home party businesses which have fixed catalogs of products which you are required to pick from, purse parties really are a more flexible business model for the reason that the purse party consultant has the luxury of determining the types of purses, handbags and accessories which she wishes to market at the party depending on her own personal tastes and the preferences of the guests who will be attending.

Below, we’ll talk about how to start a purse party business and some of the things that you need to consider.

Understanding Your Guests and Their Personal Tastes

You have the option of offering a very large range of items through your designer handbag party from designer handbags, designer look-alike bags and inexpensive but trendy purses. Exactly what handbags you promote at your purse party business will be determined by who is attending. Knowing your attendees and their tastes before hand will ensure that you have the right types of merchandise available at your party.

How To Start a Purse Party Business – Finding Dependable Distributors

An important factor in creating a flourishing handbag party business is selecting solid suppliers.

To ensure a broad enough range of merchandise, you’ll want to make sure that your supplier has the following bases covered:

– Brand Name Purses

– “No name” reproduction designer Purses

– Stylish and Economical Handbags

It’s really important that you find the right suppliers for your new business. Customers pay in advance for their merchandise so you should choose distributors who will be able to deliver product in a timely fashion.

Products on hand

One of the things that is nice about starting a purse party business is that you can get going on a modest budget and expand the line of purses that you carry as your business expands. Having even a modest supply of hands-on sample purses and handbags with you at your first purse party will still engage your guests and get them pumped about the merchandise you have to offer.

Guest Invitations

When you first start out, you’ll host your own handbag party. You can invite your friends, family, neighbors and co-workers. If you have a lot of people on your potential invite list, you can even break your list up and host multiple parties as small, more intimate purse parties often work the best.

How to Start a Purse Party Business. Planning Your Handbag Party

To create a successful first handbag party, you’ll want to make a short list of things to do. You’ll find that your “to do” list will expand to include more items once your purse party business really starts to take off and you decide what works best for your particular situation. To get going, your first to do list should cover off the following items:

* Distributing invites along with a brief description of how purse parties work and a description of the types of merchandise you will be offering.

* Plan on offering some simple appetizers and some drinks like red and white wine to liven up the party.

* Games – Planning some party games will lighten the mood of the big event while having a door or raffle prize will keep people interested in your merchandise and increase your bottom line!

How to Start a Purse Party Business – Setting Up Your Display

A good looking and well arranged display of the purses you have to offer will always make a good initial impression as guests come in. Try to arrive at least 30 minutes before invitees to set up your display. Most consultants will include in their display sales leaflets, catalogs and other promotional items. Place your display table on one side of the room leaving lots of room for your party-goers to hang out and look at the purses. You may also want to put out some business cards which can generate some repeat business from your guests.

Growing a Lucrative Enterprise

The tips and suggestions above will help you get your purse party business off to a great start and will ultimately lead to requests for your services and referrals from others in attendance. Coupled with other unique and innovative marketing strategies that you can easily implement, you can expect that your purse party business will get off to an excellent start and grow into an excellent source of income for you.

3 Questions You Need to Ask to Do Business on YOUR Terms

Do you want your business to represent you as well as your mission? And do you also want to feel happy about the way you do business? The keys in this article help you accomplish all that – and more!

All heart-centered entrepreneurs have one thing in common:

They want to make a positive difference in the world.

And the ambitious ones, like my clients, and myself, want this difference to be BIG – as big as is possible for them.

Of course, they want to have a life as well.

Sure, they want to reach a lot of people. And yes, they want to make good money (whatever that amount is – that’s different for everyone).

But they don’t want to compromise themselves, their values, or their lifestyle.

Unfortunately it doesn’t always work out that way.

It can be hard to have it all: success, money, fulfillment, a thriving business and a great lifestyle.

Most people aren’t even sure it is possible to have it all – let alone believe that THEY are worthy of having it all!

Don’t get me wrong: I don’t believe in woowooland where the sun always shines and money grows on trees and everybody is loving and nice and smiling and happy-happy-happy all the time.

I’m too realistic and grounded for that. Life and business can be great, but that doesn’t mean there are no challenges, problems, disappointments or overall shitty experiences.

It can get pretty messy sometimes.

That’s part of business and of life.

But I DO believe it’s possible to create a business that supports your ideal lifestyle AND make a Big difference at the same time.

And I believe you owe it to yourself and your clients to take excellent care of yourself first, and to do your utmost to create a business that serves you instead of drains you.

(I’ll share lots of wisdom and practical tips on how to accomplish this in my upcoming book ‘The Art of Divine Selfishness – transforming the world by thinking of YOU’)

Unfortunately, a lot of entrepreneurs do feel drained, overwhelmed, overworked, underpaid and unfulfilled.

I know – I have felt like that many times myself. Most recently in the last couple of months, when I didn’t manage to create enough alone time for myself.

Thankfully I have managed to turn this around by making a lot of decisions and changes in my business, programs and work schedule.

These 3 questions helped me with that.

They can help you get clarity around your business, mission and needs as well.

Question 1:

What wants to be expressed through me?

No, it’s not an easy question to answer.

But this question is absolutely essential. It helps you:

  • Go within yourself, and tap into your own inner wisdom;
  • Connect to your soul purpose, and
  • Connect to that thing that ONLY you can do, that thing you were born and uniquely suited to do.

One or more answers might come up right away, but it will probably take more time than that. Just keep the question in the back of your mind, and see what comes up.

Once the answers come up, start thinking about HOW you can express your purpose in your business:

What services, programs, products etc. could you turn your purpose into?

Question 2:

What do I need to express this purpose in a way that makes me happy?

  • What do you need?
  • How many hours do you want to work per day, week, month and year?
  • What does your ideal client look like? What boundaries do you need?
  • What don’t you want to put up with anymore?

Imagine that ANYTHING is possible, and you can create ANYTHING and EVERYTHING you want, like and need:

What would your business look like then?

Question 3:

What possible pitfalls or obstacles might be in the way of creating this ideal business of yours?

  • What could get in the way of you creating your ideal business? And how can you prevent this from happening or solve it if it does happen?
  • Maybe you need more knowledge, about business models and marketing and overall entrepreneurship. (This was my biggest obstacle when I started my business)
  • You might need more courage. Or boundaries. Or hire your first or second or third assistant.

This week’s transformational action:

  1. Take some time to answer these questions above.
  2. After that, translate your answers into actions.
  3. What do you need to do?

When will you do it?

Create bite size action steps or take a giant leap.

Whatever you do, act upon the insights you gained.

And remember: the action that seems hardest to take, is most likely the one that will yield the most results.

Starting an Arcade Business – It’s Fun, Entertaining, and Profitable!

You should consider Starting an Arcade Business for public entertainment if you enjoy entertaining and amusing people! You can set your cash registers roaring by providing loads of interactive games, computer games, video games and all kinds of electronic amusement amenities.

This is a fun and family entertainment business. Youngsters and young adults just want to chill out and get their adrenaline pumping and amusement arcades are just the environment. If you are looking for self-employment options that will earn you a stable and profitable income you need to consider the arcade business. Before Starting an Arcade Business you need to check out the local zoning laws.

Estimated start-up costs:

$10,000 to $50,000.

Financing Sources for Starting an Arcade Business:

Bank & Credit Union Loans

Angel Investors

Business Plan needed when applying for loans

Marketing Methods and Tips:

Remember that you are competing with home versions of all these games. For that reason you need to do something to draw them to your Arcade rather than remaining at home to play. Think up some catchy name for your arcade business. One way to draw customers is by offering exciting, fabulous and unique prizes on winning particular games!

Advertising :

Place ads in local newspapers

Yellow Page advertising

Local Radio Stations

Distribute flyers at local clubs, super markets, etc.

Internet website

Essential Equipment:

Vending machines for food, candy and soda

Coin or Token Change Machines

Tables & Chairs

Arcade Games of all types and varieties

Recommended Training, Experience, or Needed Skills:

You don’t require any kind of formal or professional training for Starting an Arcade Business. It would be helpful to have some technical knowledge on repair and upkeep of the games. However, you can outsource for repairs and upkeep. Basic business skills would be helpful, but you can learn from books or business plans you can purchase.

Income Potential:

The income potential is dependent upon a good location. If you locate the arcade properly, you can make upwards of $100,000 a year. Without a proper location you will probably have little chance of success.

Target Market:

The biggest target markets for your arcade business are kids, teens and young adults.

Success Tips:

The biggest success tip for any arcade business amateur would be to promote your gaming parlor in a big, big way. You have to employ clever business and marketing techniques to attract customers. After that word of mouth will work the best.

You need to create the perfect ambiance that will help youngsters and their parents to have fun and relax! Revamp your arcade décor from time to time including the latest games and exciting prizes!