new business

Congratulations-It's A Business!

Imagine having a newborn dropped off on your doorstep wrapped only in a blanket with a note attached that reads, "Take care of me."

For the sake of argument say you wanted a baby so this is like a windfall. You bring the child in the house and it only takes a couple of moments to realize that you have no diapers and no formula, so out you go (or you send your husband) to buy the necessary items.

The Faith Versus Fear Mindset

A small business startup expert reveals the lessons learned, and how they apply to small business owners, when she went skydiving and had to rely on faith instead of opting for fear.

Several years ago, I went skydiving. Obviously falling out of a plane 10,000+ feet above ground isn't the safest thing you can do. To limit their liability and make sure everyone understood the waiver we were required to sign, skydiving companies have participants sit through an hour long presentation that details the things that can go wrong with your parachute and possible (but not probable) ways to fix those while plummeting to the ground at warp speed.

Are You Ready To Start A Business?

Are you ready to start your own business? A lot of people feel they are, but they haven't considered what running their own business will really entail. They are interested in setting their own work hours, not having a boss and having unlimited income potential. These items are the rose-colored glasses of owning your own business.

I'm going to share with you the five reality check questions I ask my fledgling entrepreneur clients.

Moolah

Ways People Mess Up When Establishing Multiple Streams Of Income

I was recently at a networking meeting and met a really nice woman. After several minutes of conversation, I asked her what she did. She excitedly launched into how she was a real estate agent, but that was slow right now, so she was going back to giving massages, but she was also selling Mary Kay cosmetics.

While I was trying to process all of those unrelated businesses, she dug into her purse and handed me a card that listed her as an Ambiance Coach. I questioned her about that since it didn't seem to fit with any of the businesses she'd mentioned. Amazingly, she said, "Oh, I'm also a distributor for PartyLite Candles."

Doing four totally different businesses with different target markets is the wrong way to establish multiple streams of income. Why?

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