Sunday, March 31, 2013

Home Business Ideas For Women That Work

More and more women are choosing to work from home. This gives them the flexibility required to raise children, manage the house and take care of other such tasks. There are many home business ideas for women. Many times, a hobby becomes a base for your business. Here are some interesting business ideas that should be considered.
1: Craft
Crafts have enormous potential. People are constantly looking for innovative products as gifts for their loved ones. It may be wedding gifts, party favors and more. You can come up with some nice items and promote them among friends and family in the beginning. If the news spreads and if your products are good, your small business will have a lot of orders.
2: Child Care
If you have something for children and the necessary space in your home, you might consider establishing a small business of child care. Of course, you must obtain the necessary permits and licenses. But if your locality lacks a good facility, this business opportunity will work for you.
3: Pet care
Just as people appreciate good childcare, there are others who would like to have a good Pet Care Service. This is especially true if they are frequent travelers with pets. You can consider using your place for this work. Once the business starts doing well, you can delegate tasks to people who are interested.
4: Using your culinary skills
A good business opportunity that many women can cash on is their cooking. This can be baking snacks and other refreshments. You can take on full board and work with fixed menus for various functions. Art of cooking can be changed according to any catering needs. If people like what you do, you can make good money here.
5: Tutoring
Tutoring can be an essential activity for children who are weak in their studies. Depending on your core knowledge, you can choose to educate on a particular topic. Remember, people pay to those who can make their children pass with good marks. If you are sure that you have what it takes, it can provide a substantial income on monthly basis. This is among good home business ideas for women.
6: Interior designers
Business Ideas for Women can be creative as well. You can try your skills in design and put them to good use by advising people on how to modernize the interior of their homes. You can help people make the right purchase, depending on their requirements. Rich housewives can pay you a good amount if you can earn their trust. This turns out to be another lucrative business you can begin with.
7: eBay
eBay sellers make good money too, and when you get the right kind of products online, you can be sure that many people will choose to buy from you. The income potential here is unlimited; all you need is right mentoring. This can be among some of the best home business ideas for women.
There are great possibilities out there for ladies who want to work from home. Think of the ideas above and choose the one that suits you best. Remember, you can only gain by this knowledge by taking decisive actions.
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Wednesday, March 27, 2013

Home-based Business Idea: Parking Lot Cleaning

Any service provider home-based business must have good equipment, effective marketing strategy and a trustworthy businessman to have good chances of success. Parking lot cleaning business is no different.

In today's fast-paced era, many business establishments are being constructed. Business owners understand how important cleanliness is. But due to the expensive services of most commercial cleaners, most of building owners prefer to hire small scale cleaning entrepreneurs to take care of the garbage and debris at their parking lot, making cleaning parking lots a profitable undertaking.

Cleaning parking lots is neither a simple business nor a simple task. It requires business permit and zoning licenses, as well as business tax. Although such licenses and permits vary from one State to another, having them has great benefits to your home-based business.

They project a professional and reputable image to your business and to yourself. You will not hesitate to offer your proposal to building and parking lot owners because your documents give an impression that your business is legitimate.

Securing such documents and licenses means that you need to register your business. Registration has a fixed charge that you need to pay. Also, you will be given a unique business tax number and you will have to perform duty to your government.

It will be more convenient and more profitable if you have a truck which you can use to transport your cleaning equipment to areas where your services are called for. You can use vinyl letters to spell out the business name and contact details on your truck. This is a good promotional strategy to your home-based business.

However, if you do not have a truck, you can either lease it per project. Besides the truck, you will also need cleaning equipment such as sweeper slide-in unit, gas -powered leaf blower, and cleaning tools like gloves, goggles, ear plugs and breathing masks.

Depending on the specifications that your client requires, you may need to use additional specialized cleaning equipment. Most of this equipment does not come cheap. But if you can afford to buy slightly used equipment in good condition, it will work to your advantage.

If financial resources are not sufficient to purchase even second-hand equipment, you can rent them from shops that offer such services. The rental fees are normally per project. You can rent for few times until you have saved enough to buy your own.

Most businesses recognize the importance of having an insurance policy. For them, it serves as a security against possible financial losses when business lawsuit arises. In case of accidents while cleaning the parking lot, and which result to damage to business property or physical injury, your insurance company will cover the expenses.

Most business owners, including building owners or administrators are discouraged by additional expenses such as paying for damages. Pricing policy is relevant. It should be part of your business plan. In most cases, the charges for cleaning parking lots vary according to the type of cleaning services you will render and the type of equipment needed.

Simple tasks like sweeping off dust can be accomplished by regular broomsticks. The simpler the tasks, the lower are the charges. Conversely, if the tasks are complicated you will likely to charge more. Promoting your home-based business is important so building administrators or owners may know about your business.

You can offer a free one-time cleaning service to make your client employ your services. Once you are hired twice, you can propose a weekly contract with them so they become your regular clients. -- Professional Successful Internet Marketer. I can show how you too... can make money online !!!

I'm also a Flight Instructor and an Aerospace Engineer. One Simple Mission:
"Helping You Write Your Own Paycheck Using the Power of the Internet..." Everyday people just like you are learning to leverage the power of Internet, writing THEIR OWN PAYCHECKS along the way. The concept is simple. You are either working for yourself, or for someone else. We have created and empowered thousands of entrepreneurs around the world. We can help YOU find, and fulfill your passion by giving you an online business opportunity while showing you how to make money from home. Charles G. has been mildly successful at creating an automated income. Learn How To Become A Successful Internet Marketer And Achieve Massive Profits Too..! All The Skills You Need For An Endless Stream Of Income Is Contained In The Free Reports you will obtain from: Copyright 2009 @ Your Dream Products, Inc. Source:

Sunday, March 24, 2013

Ten Hot Home Business Ideas

If you have some spare time, why not start a home based business and earn some cool cash? With the increased cost of living, food and fuel prices skyrocketing, I am sure you could do with some extra money on the side.

Here's a few hot home business ideas to get you going:

1. Mail Order Business

A mail order business is still by far the easiest to start up and operate from home. Find a good product, run test adverts in relevant publications and assess how well it does. Then concentrate on the publications that offer you
good returns. In mail order, payment is received first from the customer and then the order is dispatched by post to the customer. In this way you don't need excessive amounts of money or risk to outlay on stock.

2. Internet Business

There are countless of businesses you can operate on the web. These range from e-commerce sites where you offer a product or service to niche content sites and blogs where you can make money from Adsense or by selling ad space to other sites. Partaking in an affiliate program and promoting a great product is also recommended.

3. Paper Recycling

If you have a van or a vehicle with a trailer and some spare space at home, then you could collect old paper and cardboard and sell them to recycling plants in your area. There is a lot of hard work involved but if you have the
time and are prepared to give it your best, then this opportunity could be quite profitable for you.

4. Publish A Small Community Newspaper

If you have a flair for writing, then you should consider publishing a small community newspaper. You will distribute the newspapers for free in your area. You will make money by accepting paid ads into your newspaper from
businesses in that specific area.

Saturday, March 16, 2013

Home-based Business Idea: Senior Transportation Service

Considering a senior transportation service of your own can be a rewarding home-based business as the population of the elderly doubles in twenty five years. This means to say that the demand for senior specialized care services will increase every year.

In starting your senior transportation business, you have to choose your niche. Even when you decide to serve the senior, you have to specify which group of seniors you are serving. Seniors may be segregated according to their physical conditions, social status, needs, etc. Choosing your niche helps you decide which type of transportation you should have.

For example, there are senior transportation home-based businesses catering to wealthy seniors. The type of vehicle used to provide transportation services is limousine. Limousine cars take wealthy seniors to and from parties, social gatherings and dinner.

There are also senior transportation services that use Vans or mini-bus to send to and pick up seniors from their appointments, meetings, and social gatherings. Seniors who live in small towns or parts of larger cities enjoy the bus or van ride.

Another niche is given to seniors, adults and children who sustain physical disability. Transportation Home-based business for disabled persons has a good market as well. Even manufacturers of cars create specialized cars especially for the safe and comfortable transportation of the disabled.

When you have decided on your niche, ascertain the specific licenses needed. The Internal Revenue Service in your local area can help you with your business tax. Registering your business can be done in another bureau.

The safety of your clients depends majorly on the character and skills of your driver. Most transportation home-based businesses start with one vehicle, which is driven by the business owners themselves.

They themselves have certificates on giving First Aid and Cardiopulmonary Resuscitation in case of emergency. They even went to training to learn how to respond to emergency call with the welfare of their clients their top priority.

Business insurance is a very important item to consider in your home-based business. Most transportation businesses obtain insurance of highest coverage in terms of property damage liability and physical injury liability. Having good insurance policy protects your from possible ugly lawsuits.

Develop a good business plan. There are two approaches which can help you achieve your financial goals. The first one is by being a private transportation service provider that caters directly to clients. The other is by becoming a sub-contractor to larger firms.

Many transportation home-based business owners find being a sub-contractor to be a better choice. However, it may require few certificates. Owners who are certified as an MWBE or Minority/Woman Owned Business Enterprise or a DBE or Disadvantaged Business Enterprise may be qualified to secure contracts as a subcontractor to firms.

Your marketing strategies are important to promote your transportation business. You can visit senior resource centers and senior housing facilities and discuss your business proposal with the administration.

There are also firms that are requesting Request For Proposals or RFP especially issued by state government. You can also sign up your home-based business so you can submit your business proposals.
-- Professional Successful Internet Marketer. I can show how you too... can make money online !!!

I'm also a Flight Instructor and an Aerospace Engineer. One Simple Mission:
"Helping You Write Your Own Paycheck Using the Power of the Internet..." Everyday people just like you are learning to leverage the power of Internet, writing THEIR OWN PAYCHECKS along the way. The concept is simple. You are either working for yourself, or for someone else. We have created and empowered thousands of entrepreneurs around the world. We can help YOU find, and fulfill your passion by giving you an online business opportunity while showing you how to make money from home. Charles G. has been mildly successful at creating an automated income. Learn How To Become A Successful Internet Marketer And Achieve Massive Profits Too..! All The Skills You Need For An Endless Stream Of Income Is Contained In The Free Reports you will obtain from: Copyright 2009 @ Your Dream Products, Inc. Source:

Wednesday, March 13, 2013

Seven Free Android Apps For Small Business Owners

It's challenging to run a small business even in the best of time. There are expenses to keep track of, contacts to keep in touch with, meetings to get to and a dozen other things to juggle in the course of a single day. However, there are tools available to make the work of running a small business easier and many of these tools are available in the form of free applications for Android OS smartphones.??CamCard Lite - This is a free version of the popular CamCard app which makes saving and sharing business cards quick and easy. Think of it as a virtual rolodex. You can simply take a picture of a business card with your phone's camera and the contact information on the card is stored in your address book; since your address book is searchable, it becomes child's play to organize your business contacts. CamCard Lite allows you to enter ten cards in the first week and two cards per week afterwards. If this isn't enough for your needs, then you can upgrade to the full version of CamCard for $11.99.

Google Voice - You're probably familiar with Google Voice. You can forward calls to your business, cell phone, land line or any of your phone numbers to one Google Voice number. You can have these calls forwarded to the phone number of your choice; and the service transcribes voicemails and sends them to you via text message or email. You can also send text messages ad make calls within the US and Canada at no cost from your phone or PC using this service - and even international calls are relatively inexpensive.??Barcode Scanner - This application lets you scan barcodes and QR codes from products and save contact information, URLs, messages and calendar events - and even display the information on a map. The app also lets you create custom QR codes of your own which can be scanned right from your phone to share with colleagues and business contacts.??Bump - This application makes it incredibly easy to share contact information or data with any other Bump user's phone. Select what you want to share, hold your phone and give the other person a fist bump (needless to say, they'll also need to hold their phone).??PDANet - If you've ever found that you couldn't get internet connectivity during a client meeting, PDANet is for you. This application allows you to share your phone's internet connection with your computer; the connection speed will be identical to the speed of your phone's internet access, but in a pinch, it definitely works.

CamScanner - This incredibly handy application allows you to use your phone as a scanner. You can save receipts, notes on a whiteboard from a meeting and more with ease. You can scan multipage documents and perform batch processing. The files you scan are converted to PDF files and can be shared easily using Google Docs, Dropbox and other 3rd party sharing services.??Astro File Manager - This multipurpose file management tool provides a wide range of capabilities. You can copy, move, delete and send files as attachments to email messages. You can extract .tar and .zip archives and use Astro's process management tool so you can watch your CPU and memory usage as well as see which processes are running. It even handles application and data backup to memory cards.

Smartphones are getting more and more sophisticated and as far as small business owners are concerned, they're a lifesaver. With a growing number of Android application development firms out there creating new applications, there will soon be few things that you can't do with your Android based smartphone.
-- Android Application Development might be just what you need to push your business to the next level. So, why wait? Get a custom solution now and keep moving ahead with today's changing technology while building stronger relationships with your customers.

Tuesday, March 12, 2013

Are You Currently About To Perform A Workshop?

Properly, classes are usually held to convey suggestions or perhaps talk about seminar matters about new or growing engineering, new products, research matters and so forth. There are specific suggestions which are generally followed whenever conducting a seminar, whether you are a good attendee or perhaps the presenter. In the beginning, when you are planning your presentation, one should possess the research material along with her or him and become informed about it. Familiarizing would involve planning a person's presentation, the circulation of the demonstration, the topics to be touched on etc. Whenever one is presenting any type of seminar topics, the particular display should be designed in such a manner the flow should be consistent and also associated or diverse issues which happen ought to be discussed. When we talk about the flow of the content, in addition, it signifies that the topics ought to be set up so that items that can come afterwards in the dialogue should be addressed afterwards and never in the beginning. Usually, throughout a casual conversation in the workshop, points which should come later on could be mentioned in the beginning however this can simply confuse the crowd.

Given that there might be participants in the seminar who do not have sufficient understanding of the subject, it is important to organize the particular seminar topics as per importance to keep on to the consideration of the market. The way in which an exhibition is made is vital these days. These days technologies is actually popular in a variety of forms to have interaction the audience in workshops. Seminars where speakers only talk on the topic are found to be simple as well as dull and people usually do not discover such seminars intriguing enough to attend. Even though too flashy presentations may be out of place once the subject is on a severe matter, nonetheless, text effects, good examples as audio or video demonstrations ought to be employed whenever you can to generate the workshop more efficient and interesting.

Whenever one is called to present or speak in a class, in most cases simply because one has a little understanding or experience in the mentioned area. Consequently, one needs to obtain details in order and execute some referrals in order that it's possible to make sure to have integrated all salient items from the involved subject. Consequently, the flow from the workshop might then be established.

Currently, seminar matters are not only verbally discussed but are proven available as slides which are prepared on the personal computer through a projector. Hence, getting ready the presentation slides ought to be offered considerable time and also effort. The introduction, the context, the topics to be included, stressing on each and every matter and also the a conclusion and factors of debate should be laid out inside an organized way in the speech and also the slides.

Introduction and synopsis or brief breakdown of the workshop discussion topics is vital since these from the substance of the seminar that the target audience will take back with them. The talk might be ready combined with showing of the slides. The slides in addition to their content needs to be prepared as per the time provided. Appropriately, 2 or 3 moments must be allocated per slide. It's also a good idea any particular one offers sufficient examples and encourages the crowd to inquire about queries or provide opinions since that make the viewers a lot more engaged and a workshop more productive.
Today text fonts are used in various approaches to make seminar presentations much more interesting. Larger font sizes are widely-used to highlight headings or important factors while illustrations or body texts have got bullet points and so are written in smaller sized font sizes.
-- Usually online Seminar Topics are typically one of the ways wherein individuals are inspired to log in at a scheduled time and also a particular web address is actually supplied in which the web conferencing is actually kept. Pictures and graphs are usually well-known varieties of illustrations which can be to use whenever you can. Photos possess a supply of the message around which a thousand words can fail to do. Ordinary points can be authenticated with funny cartoons and images in order to lighten up the surroundings and put laughter up.

They are some of the crucial factors To consider to create seminar topics a lot more fascinating.

Monday, March 11, 2013

Android Advertising - A New Booming Advertisement Method of Mobile Advertising

These days, usage of mobile phones has become a necessity and a common staple in our lives. With the growing popularity among the consumers, people are using mobile phones for various purposes than just for communication. Mobile phones are used as a source of information, various entertainment opportunities and also for socialising purposes. The new range of Android-based phone has initiated a hot trend among the consumers that has extended the usage far beyond than just regular mobile internet access.
These Android applications are used for task organizing and various other purposes including mobile marketing. With a variety of useful advertising applications, Android mobile advertising applications encourage the users to click and learn more about the product or service. Today, Android is an industry leader in mobile advertising and helps thousands of marketers to reach numerous prospective clients through Android advertising campaigns.
Recently, the Android platform for mobile phones has become a popular mobile phone advertising operating system worldwide. Based on a free and open source software system, Android advertising campaigns can be easily implemented on various mobile devices on a variety of networks connecting numerous users. While the Android platform is still considered to be in its infancy, its success across the world has opened up a new era for its growth while encouraging the marketers to use these applications to advertise on different hand-held devices.
Fortunately, the mobile phone advertising has been supported from different SEO marketing leaders including the Google. Recently, based on consumer feedback and opinions certain reports state that, it is a feasible and fast way to advertise on Android through mobile format website ads. These specially designed ads are particularly for the mobile browsers and work flawlessly just as the advertising ads on a computer browser.
In 2009, new features of Android advertising have been introduced by Google in the sector of mobile marketing. One such exciting feature is the materialization of in-app advertisements involved in mobile marketing method. The specially designed applications are exclusively for the mobile devices and provide all sorts of information and entertainment for users of the Android operating system while advertising the products.
Apart from the simple Android based ads there are various types of multi-panel banners as well. These banners can animate multiple ads together along with full screen expandable ads while including some video files for advertisement. Android advertising offers a number of feasible options for the users. Hence, it is easy for the users to choose any of the advertising options for their business to advertise successfully among the clients.
Roo Sadegi is a marketing specialist based in London. He spends much of his time writing and advising on new marketing and mobile technology.

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Friday, March 8, 2013

Woopra launches web analytics app for Android, helps your business stay connected to the public

Even though Google Analytics is clearly the most popular web analytics service and will most likely stay that way for much time to come, there is another similar service that has gained quite a momentum in the pa…

Woopra launches web analytics app for Android, helps your business stay connected to the public

How to Handle Awkward Situations During a Seminar

Effective Seminar Marketing Tips - How to Handle Awkward Situations During a Seminar
I. Handling difficult questions: Encouraging audience participation is essential to a successful seminar. Many presenters are afraid to have time for open questions from the audience because they don't want to be caught off guard.Inevitably, you will be asked a question that you are not able to answer. The best way to handle this situation is to admit you don't know, and turn the question over to the audience. Here are two sample dialogue:
1. "That is a great question. I actually don't have an answer for you at the moment. Maybe someone here knows the answer... The question was (repeat question)..." Note: It is always good to repeat the question for the audience whether you are answering the question yourself or turning it over to the audience. Also, the worst thing you can do is make up an answer and be wrong. You risk losing credibility and trust with your audience. Remember, you are human and are not expected to know everything when asked. Another way to handle this situation is.
2. "That is a great question. I don't have an answer right now, but I would be happy to look into that and call you with an answer." Make note of the question and be sure to follow up with an informed answer.
II. Late Attendees: In a perfect world, everyone would show up on time, ready to learn something new. More often than not, you will have people wandering in after the seminar has already started. An important tip to remember when handling late attendees is not to lose focus. Welcome the late guest and be sure they don't feel ostracized for showing up late. Give them a handout and direct them to a seat. Be polite and courteous and don't act offended or be rude by ignoring them. You don't know the situation behind their tardiness and you may alienate your other guests if you show any disdain for being interrupted. Once the guest is situated, you can pick up right where you left off.
III. Rude guests/Guests speaking out of turn: If you have guests that are rude enough to be speaking when you are, the rule of thumb is that if you can hear them, so can the other guests. A good way to handle this awkward situation is to ask the guest, "I'm sorry, did you have a question for me?" This way, you are letting them know that you can hear them, and that unless they have a question for the group, their attention should be on you. If they continue to disrupt the seminar, you may need a sterner approach. Politely ask them to hold off on their conversation until after the seminar, "I am excited that you want to discuss what we are learning today, but out of respect for the other guests, please save that conversation for dinner." Q&A sessions during the seminar will help alleviate their urge to talk out of turn or to start their own seminar at their table.
IV. Technical Difficulties: We live in a technological era and malfunctions are bound to happen. Be sure to always have extra batteries, extension cords, and power cords on hand. It is important to set up at least one hour in advance to run through your entire presentation and resolve any glitches. You can always rely on your natural speaking ability and a whiteboard if your electronic presentation fails.
V. Losing your place: Rehearsing your seminar and following the slide progression will help keep you on track. If you lose your place during the seminar remain calm, check your notes, and jump right back in. They have no idea what you were "supposed" to say anyway.
Are you a Financial Advisor or Financial Planner wanting to market your practice?
Learn more about our Financial Advisor Marketing Resources by visiting:

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Monday, March 4, 2013

The Changing Trends of Marketing

Now is the time when being online is considered to being in the business. This is due to the fact that online marketing has overwhelmed the entrepreneurs as well as the numerous clients and customers. The being online thing holds true for nearly all the businesses. However there are some really interesting parallels since at a glance we are implying internet marketing and all those SEO techniques, and on the other hand print marketing industry has its own importance.
Let us just consider and ponder on both the methods and determine what the best for businesses is now days.
Significance of Traditional Print Marketing Techniques... 
Although we are continuously moving towards a modern and digital world comprising of smart devices like computers, tablets, smart phones, i-pads, eBook readers etc, yet some of the people would rather prefer to hold and see the printed versions. They may comprise majority of the old people and few of the young ones as well who are not really fond of technology and emerging devices; still this percentage of population also needs to be considered while forming a marketing strategy for the business.
The conclusion is the print and publishing industry still have the same importance and will continue to advertise business's services to the people outside of their digital world.
How SEO Techniques, Social Media and Online Marketing Took Over... 
The accessibility of Internet has indeed made the lives easier for all sorts of people and similarly online marketing has made entrepreneurs. Marketing techniques over the internet are not much time consuming and the outcomes have always astounded the promotion seekers. From SEO to promotion over social network websites, no matter whether products or services, internet is the path to go.
However, the internet marketing mediums are constantly in a state of flux. New tools and platforms develop after a certain time, search algorithms change frequently and much alike things happen on a daily basis. But all this does makes sense, change is certainly required and this is actually what keeps the online marketing providers to stay on their toes in figuring out what works in this function and apparently what doesn't.
Now what all you need to make your business available to your clients online... the answer is simple and pretty common, a website. An exquisite website design is imperative to attract prospective clients and converting them to actual clients.
Is a website the only need... ?
Ironically yes since websites that are not able to magnetize people are really successful in making clients online, on the other hand, just a lovely design cannot do the job for you. Here is why... The entire internet marketing thing revolves around the search engines and the search engines love textual material. So what we need is a catchy design that is SEO friendly, full of textual content, cross browser compatible, smooth to navigate etc.
Hence, you need to look for an efficient and reliable New York Website Design company that will do the job for you.
Online promotion and services has certainly transformed the experience of the customers, whereas has also helped the business streamline their processes. If you are looking for a reliable New York Website Design company, you may visit

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Sunday, March 3, 2013

How to Mix Business and Friendship!

Have you been told to never mix business and friendship? Or heard that it is "a cocktail for disaster" that will destroy your friendship, and yet despite these warnings, find yourself excited about a new business venture with your B.F.F (Best Friend Forever)? Well, if you are, you have come to the right place!
Today's "love affair" can be tomorrow's "divorce" if business partners are not vetted well. Indeed, it is hard enough to know your own mind, let alone someone else's.
So, when "courting" a friend as a new potential business partner, why not take a few days to follow this 10 easy steps to ensure both your business and friendship thrive!
  1. Individually write out your vision for the new business.Be sure to go into as much details as possible. Be explicit! Do not rely on your friend "thinking" the same way as you do. Consider things such as how much time each of you will put into the business (on a weekly basis), what in competitors it will have and what will you do to be unique in your market?

  2. What responsibilities will each of you have? What roles will each of you have? What hours will you each contribute? What is most important to you? What are your personal and professional goals? What do you hope to achieve and in what time frame? What if it doesn't work? Do not be afraid to discuss the negatives, thoroughly!

  3. Clearly define what success & failure in the business means to you? What financial return do you need to survive in the first 12-24 months? Some people might have to exit out of a new business venture, if it cannot cover their day today expenses after 6 months (For cash flow reasons). For others, the size of return on their time and money may be a factor that sees them lose interest in the business. Imagine the horror of discovering your business partner wants to pull the pin on a business that you think is doing well, because their expectations are different from yours and you had not discussed it prior to the venture!

  4. And then there is the money bit! What financial capital is required to start the business? Where or who is that coming from? How will profits be distributed? How much will be reinvested back into the business and how much will be taken by the owners as "return" on their investment? What if you run out of money and money cash is need to keep the business afloat? How will shares be diluted or other investors bought in?

  5. What about what the expenses? Clearly outline what expenses the business will cover and not? How much can one partner spend without consulting the other? Clearly define a process or protocol to handle disagreements?

  6. Then there is the time issue? Who does what and when? What about when one partner puts in many more hours than another? How will you handle this?

  7. What is your exist strategy? Is this a business you want to build to sell or pass on? Go into the business with the end in mind! Do not be afraid to discuss the tough topics, like "What if one of us wants to leave the business and the other does not?"

  8. Then it's time for Group Share! Once you have dumped your personal manifesto and vision for the new business on paper, come together with two copies each. Then pass the talking stone!! Read each others ideas, share the excitement, clarify points of agreement and disagreement. Once done, I recommend a good meal!! (complete with wine!) Go home and read over your own vision again, then your potential partner's (Yes, that is why the two copies!). Do this daily for a few days and let the ideas percolate! Your first ideas are often good, but great ideas may require effort and thinking!!

  9. Then write it all down together! Once you have decided that you do have a shared vision, common goals and time frames, sit down together and write your mission and vision statement together along with a memorandum of understanding, outlining everything you have shared and schemed in the previous days! The more detail the better.

  10. Once done, find a good lawyer to help you set up the most appropriate entity (company, trusts, partnerships etc) for your venture.
Remember, it is cheaper to ask for help at the beginning, rather than later!
All of the warnings you will hear are well founded! I have seen a number of my friends have a seriously tough time together, over business ventures that have absolutely tested the fortitude of the friendship. Luckily, in most cases the friendship has prevailed, but this is not always the case!
Sometimes a relationship that starts as a friendship, heads south over a business deal that unravels, and personally, I think you are better off! Real friendship will survive these hurdles, however the people who "befriend" you for the sake or the deal or business, will pass you by! (Making more room for those that deserve you!)
Friendship and business can mix like a very tasty cocktail. Shaken not stirred!
Despite the warnings and stories of doom and gloom, and the "common belief" that business and friendship don't mix, I have been personally blessed to have worked with my best friend for many years. In fact, I have a number of cherished friends with whom I have actively sort to create business relationships. Let's face it, you know your friends better than most other people, and you trust them. Even more importantly, if you are a little idiosyncratic like me, they know you!!
Knowledge and trust are two powerful commodities in business, and fact worth keeping in mind, and investing into!
With this in mind I will leave you with the idea that open communication, that is heartfelt and honest rarely leads you astray. If you have a business idea that excites both you and a friend, then you both deserve to share the excitement, try it on together, and use each other as sounding boards.
Keep in mind some great friendships have combined passion and purpose with the trust and knowledge to create massive profits!
  • Two friends that created Google: Lawrence E. Page and Sergey Brin
  • Two friends that created Apple: Steve Jobs and Steve Wazniak
  • Two friends that created Hotmail: Sabeer Bhatia and Jack Smith
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You will find loads of free stuff, from tutorials, videos, guides and templates and more. If you have question you want answered, then come along and subscribe and shoot us your questions and we will do our very best to answer them, or to find those that can.
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How To Write A Good Memorandum Of Understanding

When the negotiating is over and done with and you've put away your negotiation styles and your negotiating techniques, it's time to create a memorandum of understanding (MOU) that will capture what was agreed to. This all sounds nice and easy until you actually sit down to create the MOU and discover that it's somewhat difficult. What's the best way to write an MOU that will make both sides happy?
What Goes Into An MOU And Who Should Write It?
If I've been able to convince you that an MOU is a critical last step in any negotiation, then we can now move on to tacking the next big question: just exactly what should go into an MOU?
If written correctly, an MOU should capture the agreements that both sides of the table were able to reach regarding a number of different issues. These issues can include such things as the final price, any terms, how and when delivery will occur, and, of course, the specific products and services that will be provided.
If any of these agreements were reached by using outside resources, such as key documents, industry specifications, or procedures, then these will be referenced by the MOU. You need to keep in mind that one of the jobs of the MOU is to assist the teams that will be tasked with writing the final contract to understand what the thinking of both sides of the table was when the agreement was reached.
Do not try and get all fancy when you are creating an MOU. Instead, use plain words instead of words that you think a lawyer would use - you're not a lawyer and so don't try to play one now. Realize that the fundamental purpose of an MOU is to create a document that has the same legitimacy that an oral agreement would have. If you do this correctly, then your MOU will make it very difficult for either side of the table to change their minds after the negotiations are over.
This of course leads us to one of the fundamental questions that needs to be answered: just exactly who should be writing the MOU? The answer is you. The thinking here is that even though it means more work for you, if you are the one who writes the MOU then you'll be able to control what goes into it and what words are used to describe it.
How To Use A MOU
Once you've created an MOU, what should come next? How does one go about using this document?
After you have created the MOU, pause for a moment. Do not immediately present the MOU to the other side of the table. Instead, use this time to have your team take a look at it. Any errors or omissions that they find can be corrected before you present the MOU to the other side and this will help you to appear to be more credible
If you are the one who was charged with writing the MOU, then you will be the one who controls what goes into the MOU. This is important because in every negotiation, there are issues that may not have been quite resolved. What this means for you is that you can leave these issues out of the MOU. You'd be amazed at how often when you do this, issues that may have held up everyone's ability to agree on the final contract just fade away.
Once the final contract has been written, the value of the MOU will become very clear. You need to sit down and review the final contact while reading the MOU. Everything that was detailed in the MOU needs to have found its way into the final contract. If it's not there, then you need to have a change made to the final contract. Your MOU is what is going to prevent you from signing a contact that does not contain everything that you originally agreed to.
What All Of This Means For You
When an agreement has been reached at the end of a principled negotiation, it's time to document what has been agreed to. The memorandum of understanding (MOU) is the document that is created to allow both parties to confirm that they truly have reached an agreement.
Creating an MOU that will be agreeable to both sides of the table is actually much harder than it looks. It must cover all of the important parts of the negotiated agreement including the final price, the products or services that will be provided, and how they will be delivered. You should always try to be the person who writes the actual MOU. Once created, the MOU will prevent the other side from trying to change the terms of the agreement.
Most negotiators would like the negotiation to be over once an agreement has been reached. Experienced negotiators know that creating the MOU is the final important step. If you take the time to do this step correctly, then you'll end up with better deals that everyone can live with.
Dr. Jim Anderson
"America's #1 Unforgettable Business Communication Skills Coach"
Your Source For Real World Negotiating Skills™
Dr. Jim Anderson has spent over 20 successful years negotiating sales of all sizes. Dr. Anderson offers you his insights on how to develop your negotiating skills so that you can approach sales negotiations with more confidence that you'll be able close more deals and close them faster!
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