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Your Own Business: The First Steps

Thursday, August 11th, 2011

What an exciting feeling you must be having at this time. You have finally made the choice to “chuck it all” and go into business for yourself. You dream of the freedom from your unreasonable boss and the wonderful feeling of writing your own paycheck. It’s a lifelong journey that has to start at the first step – the very beginning.

It is my goal to take everything all those books say and boil it down to a real action plan that is a simple as it can be. Basically making it like a recipe. You really don’t need all that filler; you just need to know how to get started. A bunch of fluff isn’t going to help; in fact it slows you down. Instead of reading, you should be doing!

This section will be those most difficult first steps of just getting started. Effectively launching your business and then growing it for success are their own unique steps in the future. For now, I’ll have to assume you have an idea already and have researched it enough to know that it is a good idea and has a bunch of customers clamoring for your product or service. Please be sure you have a good quality product and/or superior service. You are not trying to make a quick buck; you want to have a business that lasts.

I also have to assume that you already have some sort of support network in place, trusted friends, professional advisors like accountants and/or lawyers, and a maybe a mentor with excellent opinions. If you don’t have them, you can pick them up along the way. But you’ll need them all at some point.

You probably want to know what qualifies me for writing about this. Academically, I have an MBA in Entrepreneurship and Marketing. Professionally, I have been a consultant for many entrepreneurs, I worked at a home business franchise company for several years, and I have a few successful entrepreneurial ventures of my own. I even helped my own family launch a very successful online business selling premium pashmina and cashmere products. I’m not a super rich entrepreneur, but I’m successful and happy. My key expertise is online ecommerce, but the following ideas are relevant to starting any type of business.

How to Establish Your Business

This first part is really what most people don’t know how to do. It’s the fundamental process of actually setting up the business. All the good ideas in the world have to start at the beginning. It’s not the fun part, but it has to be done.

It may seem elementary to you, but why haven’t you done it yet?

So, let’s start from the start.

1) Giving Your Business a Name

Your business’ name is important. It is your customers’ first impression and your public identity. You probably want to choose a name that is professional, but also may hold some meaning to you and your potential customers. My personal and professional opinion is to not get too elaborate with your name. Make it simple and direct so you don’t have to waste a lot of time branding or explaining to your customer just what it is you do or sell.

For example, for my family’s business selling pashmina products, we decided to go with The Pashmina Store. There is no question what the business is. Simple and direct…and the URL was available (which is very important).

Most people have a desire to name their business after themselves, using something like their family name, their first name, or their initials. This is a perfectly acceptable; as long as you get the idea across about what it is you are selling. For example, if you are selling raincoats and your name is Smith, you may call your business Smith’s Raincoats or even Raincoats by Smith.

Take the time you need to select on a business name that you’re happy with, says what you do, and has a good URL for a website. You should run your name choices by your friends and family to gauge their reaction and to get their thoughts.

2) Register Your URL

I know, you just decided on a name and have nothing close to a legal business yet. But I suggest snapping up the best available URL (or web addresses) as soon as you can. In this day and age, your website and the URL will be a large part of you business identity. It will also be the source of your email addresses, so getting a good URL matters. We were lucky enough to get http://www.thepashminastore.com for the pashmina and cashmere business, I hope you are as fortunate for your venture.

It is best to investigate available URLs even as you decide on a company name. Try to get the URL of your exact business name, or as close as possible. I suggest getting a “.com” rather than “.net” or other since that is what most people know.

You can research names and register at websites such as Register.com and GoDaddy.com. There is a small fee, but it is worth it if you are serious about your business. These two services even will help you inexpensively set up and host a website and email service.

3) Your Business’ Legal Organization

Next, you will have to determine what legal structure is best for your new business. Early in a business’ life, a sole proprietorship is most common. However, it is beneficial to know the different types of legal business structures before you decide for certain. You’ll need to know all about them as you grow, in any event.

You’ll most likely want to discuss the options with your accountant and/or attorney as well. To get you started, here are the three most common forms of business.

1. Proprietorship. As mentioned earlier, this is the most popular structure when starting a new small business. It is also the easiest to start. In most states and cities, all it typically requires is a D.B.A. (“doing business as”) and a tax ID number, which would likely be your Social Security number.

A proprietorship provides you the maximum amount of control over your business…but it also leaves you the most potential liability. In short, you are personally accountable for your business and all of its debts and legal issues.

2. Partnership. This form of business is common if your business requires you to take on a business partner for expert knowledge or financial needs. A partnership is a legal definition of your business relationship and defines which party is responsible for what aspect of the business venture.

For example, you may be the engineering type who can make the product. Another person may be the talkative type who can sell sand in the desert. Yet another person may be the main financial backer. Whatever your circumstances, a partnership allows you to define each person’s part in the business and put it down on paper in a legal manner.

3. Corporation. This is the most official and potentially complicated legal form of business. This is also the most expensive type of business entity, but it does provide everyone involved the least amount of liability.

It is very common to start as a proprietorship or partnership and then change to a corporation after the business is established and growing.

4) Business Registration

Again, most likely you will start as a sole proprietorship. The process is very simple and inexpensive. But the process can vary a bit between states and even cities and counties.

The goal here is to get your business name registered as a D.B.A, or “doing business as”. You will need this in most areas to open a business checking account. The fees are typically minimal, but vary on your location. Your County Registrar is most likely to be the office you will need to contact to ask about what the process is to get your D.B.A. The methods will vary by location and in some rare instances you may not even have to register. Just be sure to ask about all of the steps to make sure you’re covered.

After you have made some calls or used the Internet to find out the steps in your area, you will most likely need to go fill out paperwork at the government office that handles the registration. The good news is that the paperwork is generally light and the wait is not too long. They or you will be responsible for checking to make sure the DBA name is not already taken, and in many cases you will be able to check on the Internet before you even go.

After the paperwork and name check, you will have to pay a fee, which is generally small. Once it is all done, be sure they give you a notarized copy of your registration as you will need it at the bank to open a business bank account and possibly for other things.

I wish to remind you that what I offer are general guidelines and information to help get you started. It is always a good idea to discuss your options with an accountant or lawyer to determine what is best for you and your individual circumstances.

5) Obtaining a Business Address

This is a step that you can skip if you simply plan to use your home address or an existing business location as your address. But in most cases, you’ll start working out of your home and probably wish to protect your privacy and create an aura of having a larger business by getting a new business address.

This process is as simple as going to the post office or a private mail box center (PMB) such as The UPS Store. I suggest a PMB over the post office because you can usually use a street address and list your box number as a “suite” to help create a more positive image versus having your address be a P.O. Box number.

6) Your Business Phone Numbers

Like the business address, you can skip this step if you plan on using an existing phone number. But you should consider adding a second phone number to your home or office to be used just for your new business. You can even get what is called an “overlay” and put a new phone number on top of your existing phone. It will go to the same phone as you have now, and in most cases you can assign a different ring tone so you know it is for the business.

A toll-free number is also an important item to have, but you don’t have to have it right out of the gate. But studies show that customers are more likely to contact you if you have a toll-free number. They are not that expensive to set up and the charges are based on usage, so if you use it a lot you should be getting more than enough business to cover the expense.

Remember that you phone voice is important. Talk with a smile – the customer can hear that smile. Be sure you have a pleasant and professional sounding message for your voice mail as well. And call back your customers who leave messages as fast as you can. Your competition probably isn’t taking care of them fast, so you should.

7) Business Banking Account Formation

Having a separate business banking account is advised since it will help you keep your financial records straight. It will save you a lot of time during tax season to keep your business and personal spending separate. I suggest using a larger bank, such as Bank of America or Wells Fargo, which serves the business community. They will offer a wider range of services and possibly be a good source of business loans to help fund your growth.

You may want to call several banks in your area to compare their small business service options and the associated fees. Once you decide on the right bank for your needs, make sure you know what paperwork to take when you open the account. In most cases they will require at least your notarized D.B.A certificate.

8) Logos, Business Cards, Letterhead and Such

Some people may tell you to invest lots of money upfront to develop a great logo and then put it on expensive letterhead. These people have never started a business on a budget. While you do want to appear professional, you can do just fine with your own computer and printer while you wait to grow big enough to afford such materials.

Most likely your word processing program or other such program already has a letterhead template. That is fine to use for now. Choose a nice font for your new “logo” and use some color for it, if you wish. Do purchase some nice paper to put it on. Then simply print out as needed.

On your letterhead, make sure you get all of your important information across in a professional way. In general, you’ll want to include your business name, mailing address, phone number, fax number and email address.

The same goes for business cards and envelopes. You can buy nice envelopes and business card stock and use your existing program templates to create professional materials as needed.

Having a designed logo or company motto on your letterhead is a personal choice. Make sure it looks good and reflects the business. Also make sure it looks good when it is made very big or very small since it will be used in various formats.

The Next Steps

Once you finish Step 8, you’re in basic business shape. It is difficult to tell you what to do next since there are so many types of business and different ways to go about it.

In general, you’ll need to start letting people know about your business and getting customers. This may mean developing a website that sells products or promotes your services. It can be as simple as handing out business cards to everyone you meet. Or maybe it is “pounding the pavement” and meeting people to tell them what you are doing.

But there are a few things to keep in mind that relate to any business. The Nike slogan has it right when they proclaim “Just Do It.” Nobody is coming to you, so you have to reach out to them. And it takes time and effort. Yes, you do have to “work” and “sell” no matter what those advertisements may promise for their wonderful business opportunity.

Here’s the “secret” to success: You will have to work harder than your competition, treat your customers better than your competition, offer a better product and or service than your competition, just plain be better than the rest. Yes, that is the secret!

My first job out of college was as an executive recruiter, a headhunter. I was successful at this job. In fact, I was one of the tops in the nation. It wasn’t because I was naturally better than anyone else, it was because I worked harder and I worked consistently. Have a plan for the day, the week, the month, the year…and do it consistently. Get into a routine and stick to it. You’ll get sidetracked along the way, of course, but keeping your efforts consistent will pay off. You’ll make you own “luck.”

Since you are your own boss, you do have a little luxury to make a schedule that fits your lifestyle. If you want to start at 10:00 AM, or play golf for lunch, or work late at night, that is fine. But stick to the schedule and make it your routine. This will help you get over the initial feelings of being scared and overwhelmed and start getting you comfortable with your new professional life and on your way to success.

Along the way, you’ll start to discover what your strengths and weaknesses are. You don’t have to be an expert at anything really; you just have to be average to above-average at a lot of things as an entrepreneur. If there are glaring weaknesses in you business skills, you simply have to work at them. You can read a book, take a class, whatever…but you’ll naturally get better each and every day just by doing your business.

Finally, do not get so frustrated in the beginning that you quit before you even get started. Depending on what you start with and what (or who) you already know it is going to take some time. Even minimal success is probably going to take several months and maybe a year or more. Make sure you are mentally and financially ready for at least a year.

If you’re not ready now, don’t worry. You now know the steps and what to expect to even get started. It is better to take you time and be well-prepared than to rush off and make a mistake that you will regret for years to come.

Launching and growing your business are the essential main steps 2 and 3. But those are whole other beasts that are best discussed at another time. Until then, I wish you the best of luck and hope that your new business is an incredible success.

Blair Rhodes is an entrepreneur himself and has helped several people launch their own successful business. After earning an MBA at the University of Texas at Austin, Blair worked as a headhunter, in the movie business, at several successful Internet startups, at a franchise marketing company and as an importer. He currently focuses on his own ventures, including The Pashmina Store and is developing several other ecommerce businesses.

Article Source:
http://EzineArticles.com/?expert=Blair_Rhodes

The Cooking Tips For Gas Grills That Every Griller Needs to Know

Tuesday, August 9th, 2011

When preparing food for the grill, the greatest challenge for home cooks is that grilling is an intense form of direct heat cooking, and controlling the heat can be tricky. Although most people see it as easy, grilling is actually one of the most challenging of the basic cooking methods. If cooking is like driving a car, grilling is like being strapped to a rocket ship! Now more than ever, creative home cooks are looking for the best cooking tips for gas grills. As the weather starts to get nicer and the great outdoors beckons, attention starts to turn to outdoor cooking – and gas barbeque grills can’t be beat for simplicity and convenience. But grilling only becomes EASY when you know these important cooking tips for gas grills that are guaranteed to improve your results. Grilling, like any basic cooking method, can be mastered. These cooking tips for gas grills will get you started on the road to expert grilling any time of year.

Preparing Recipes for the Grill

Cooking all recipes for the grill starts with understanding how the grilling method acts differently on different types of foods. Because grilling is an intense heat form of cooking, careful product selection is extremely important. The grill will not tenderize meats so you must start with a tender product if you want to end with a tender product. Marinating meats when making recipes for the grill is the best way to apply some tenderizing properties before cooking. The product itself is also an important consideration because you want to make sure it will be able to withstand this form of direct high-heat cooking. Different products will handle this differently and some are just not the best choice for standard grilling. A very delicate fish, such as tilapia, will not perform very well on the grill because the high heat may burn the outside of the fish before the inside cooks at all. Another consideration is when grilling combinations of different foods, as in skewering vegetables. A mushroom will cook faster than a carrot or potato, for example. You will achieve far better results by par-cooking the “harder” items prior to skewering so that all vegetables are the correct done-ness at the same time. Once you have considered the differences in the types of foods you will be grilling and preparing them accordingly, the basic procedure for creating recipes for the grill is:

  1. Heat the grill on HIGH with the lid closed to heat up the coals and grates to as hot a temperature as possible.
  2. Brush the food item with the oil of your choice and place it on the hot grates – presentation side (“pretty side”) down.
  3. For GRILLING, leave the grill cover OPEN.
  4. After a few minutes inspect the item. You are looking for the item to start to brown around the edges and to see pink (almost clear) moisture bubbling up to the top. This will be your signal that the item is 75% cooked on one side and that is the time to flip it.
  5. Do not use a fork to flip the item and do not puncture it in any way – because that will allow precious juices to escape.
  6. Using an instant-read thermometer – because this is the only real way to know when something is done – remove the item 5-10 degrees BEFORE the desired final internal temperature.

A Gas Grill Cooking Twist

Although GRILLING is always done with the lid cover open, gas grill cooking can incorporate additional cooking methods that make it preferable to cook with the grill cover closed. With the grill lid closed, the grill changes from a CONDUCTIVE cooking vehicle to a CONVECTIVE cooking one – more like your oven. Of course you could just use your oven for using these cooking methods, but outdoor cooking does have some advantages over indoor cooking – particularly in warmer weather. So how do you turn your dry heat, direct source cooking vehicle (the grill) into one that can utilize a moist convective cooking process? It’s actually a pretty cool technique for gas grill cooking. This is a trick I use most often with delicate fish, such as tilapia. First, I turn the heat OFF on the side of the grill that my tilapia will cook. Then, I add a pan of water to the bottom of the other side of the grill – right on top of the heat elements. Keep in mind that this “water” can be any kind of liquid you like. I use shrimp stock sometimes with fish, but you can season it with chicken broth, wine – anything that is liquid and imparts nice, complimentary flavors to the product you are cooking. Then, the fish is placed either directly on the grill (if you have a flat grate option) or you can put it in a cast iron pan and put it on the grill grates. The rest of the procedure for this type of gas grill cooking follows the normal grilling process – cook with your eyes and observations, flip after 75% done, use a thermometer to determine final temperature and remove a bit “early” to allow for the carry-over cooking that occurs. And that’s it, now you can consider gas grill COOKING in addition to standard GRILLING for great outdoor cooking results.

Gas Barbeque Grills vs Charcoal Grills

You will hear from many self-proclaimed GRILLMASTERS that the traditional charcoal grill is far superior to the gas barbeque grill, but the gas grill has many advantages that make it a great choice for any outdoor cooking situation. I will admit that the charcoal grill provides opportunity for a deep, smoky flavor that is not fully achievable with the gas barbeque grill, but after that all of the “pros” go into the gas grill’s column. For starters, the gas grill is much easier and safer to start because it uses propane as fuel and starts at the press of a button. Charcoal grills can be easily started with lighter fluid, but this can be dangerous, and can impart an undesirable taste into the food. Plus, the gas grill turns OFF as easily as it turned on! No waiting for coals to cool so that you can empty and clean the grill and no messy coals to dispose of. The other nice thing about gas barbeque grills is that they allow for consistent heat throughout the cooking process. With the charcoal variety, the cook has to really control the heat by actually moving products closer and further and this takes some practice and experience.

These cooking tips for gas grills seem simple but they truly are the difference between great grilling results and disappointing meals. The next time you get ready to grill, remember that careful product selection and a basic understanding of cooking methods is all you need to master the barbeque grill, creating outdoor meals and memories for life.

Chef Todd Mohr is a classically trained chef, entrepreneur, cooking educator and founder of WebCookingClasses. You CAN learn to cook without written recipes by taking his FREE cooking class that will change the way you think about cooking forever!

Article Source:
http://EzineArticles.com/?expert=Todd_Mohr

Taking Back Pain In Stride

Thursday, April 28th, 2011

One of the most common problems among adults is back pain. Many experience back pain caused by the daily routines such as spending too much time sitting while at work, or when driving for a long period of time. Lifting heavy furnitures while cleaning up at home, working in the garden, or lifting weights in the gym can also cause back pain. These activities can sometimes put so much pressure and weight on your back causing low back injuries such as muscle strain or spasm, sprain of ligaments, joint problems, or slipped disk. When we have back pain, it affects our daily functions. The feeling of pain can be from slightly tolerable to unbearably painful. Knowing what caused your back pain is something you need to discuss with your doctor in order to obtain back pain relief.

Meditation Techniques For Time Pressed Executives

Wednesday, April 27th, 2011

Meditation, quite rightly, has an image of relaxation, peace and quiet, and many may interpret this as meaning meditation can only be for those who have time to laze around half the day. For this reason, those people, such as business executives, who live a pressured life with little or no time to spare, may assume that meditation can never have a place in their lives. That is a shame, as meditation techniques can be quite flexible and quite easy to fit in to a busy day.

The benefits of meditation can be so great to somebody under pressure, that even a few minutes occasionally may bring a noticeable benefit. For a busy executive to have reached their position in life, they are likely to be determined and intelligent individuals. This can often mean that, should they perceive a benefit in an activity, then they will continue or extend that activity. It is therefore possible that an executive trying out even a brief period of meditation may soon adopt some meditation technique or other on a regular basis.

What type of meditation techniques may fit in with an executive lifestyle? Important features of meditation are being able to breathe well and consciously, relax and clear the mind, and then focus the mind. An executive with perpetual meetings and a full diary, with pressures to perform and maximise profits, may think such things cannot be fitted into their busy lives.

It is true to say that the most powerful and beneficial meditation sessions are prolonged. However, that does not mean short periods of meditation are a waste of time; far from it. An executive is probably geared up to packing as much into their day as possible and, although it may be difficult to clear a hyperactive mind, they may well learn to pack in short meditation sessions also. In so doing, they may well find that those sessions give them a boost that is far greater and more beneficial than caffeine.

So, what techniques can an executive use during their busy day? Here are a few ideas:

1. If using public transport to get to and from work, and you are able to sit down, it can be a good time to close your eyes, concentrate on correct breathing, and try to shut out the surrounding sounds. Commuting can be a very stressful experience every day of the week, so a snatched meditation session, even in far from ideal conditions, may minimize those negative effects, or even turn them on their head. In fact, it can be good practice to try to meditate in difficult conditions, as that makes ideal conditions even more beneficial later on.

The secret to these train or bus sessions is not to fall asleep, and to concentrate extra hard on maintaining the focus.

2. Do you go to a gym or health spa? Whether at lunch time or in the evening, this can be a good time to tag on a short meditation session. If you have finished your work out, you need some time to shower and relax your body a bit. Following that with a 10 minute or more period of meditation could work wonders. Most gyms or health spas will have a room you can use for a short spell of peace, so it is worth asking. A vacant massage room would serve the purpose.

3. Control your diary, and schedule in a mid morning and mid afternoon “tea or coffee” break. Only instead of tea and coffee, drink water, sit comfortably, focus on your breathing and then when totally relaxed, have a short session of meditation, focusing on something calming and not related to work. Even 10 minutes can provide a power inducing respite from the day’s work, and the chances are you will not lose time, but rather gain time, as you will work more effectively.

Snatched meditation sessions spread through the day may not be the stuff of traditional meditation, but they are certainly better than none at all. Hopefully, the rejuvenated executive will perceive enough benefits to set aside time in the evenings and weekends to learn full meditation, and then be able to return to work at the top of is game every weekday morning.