Real Entrepreneurship is Focused on Creating Positive Cash Flow

According to Wikipedia an Entrepreneur is someone who is willing to launch a new venture or enterprise and accept full responsibility for the outcomes. He or she is seeking profit through the use of initiative and the acceptance of personal risk. And yet at some point in the mid-1990s entrepreneurship became subverted. Every man and his dog became an overnight entrepreneur – due in no small part to the easy access to money. All that was needed was a well crafted business plan, a snappy PowerPoint presentation, inspiring “elevator pitch” and sufficient persistence to convince some institution or sceptical stranger to lend them the money. Whether the plan was viable, thought out beyond “secure funding” or whether there was genuinely a market for the offering seemed secondary as more and more people declared themselves an “entrepreneur” and hopped aboard the dotcom express.

People would cite companies like Amazon as examples of companies that didn’t make a profit for years and yet are valued in astronomical figures. But for every Amazon there are thousands of failures who chewed through the funding with lavish offices and slick marketing campaigns only to fold before making any profit whatsoever.

But let’s get real here – a business is not a business and you are not an entrepreneur until and unless you are generating positive cash flow. Cash flow is king. It is the lifeblood of every business. The business people we really respect are the ones who have lifted themselves up to success through sheer hard work, determination and strategy. They are the people who couldn’t get “seed funding” or “capital injections”, the ones that had to be smart and savvy to make ends meet and find ways to generate income from the start. They are the real entrepreneurs.

The real entrepreneurs are still using their initiative to manage risk and generate a profit but their focus is on acquiring or creating cash flows not on creating endless business plans that look good on paper but deliver nothing of value in the real world. In an era of easy money and get rich quick schemes we have forgotten one of the golden rules of successful entrepreneurship; create something that people want and are willing pay for.

What is the point of being in debt if the business you own or the assets you own don’t produce an income that is greater than the money needed to service the debt? In business we sometimes talk about the size of the entity as a means of avoiding the issue of cash flow and profit. Who cares if your business has a turnover of $50 million, if the business is spending $51 million there is no positive cash flow and no real business. If you’re still unsure about this distinction;

Repeat three times daily until the delusion goes away;

With cash flow I’m an entrepreneur; without it I’m not…

It’s impossible to create genuine wealth without income or cash flow – a fact that has been known for thousands of years although conveniently forgotten in recent history.

Even the ancient Babylonians knew this truth over 8000 years ago. George S Clason talks of this Commandment in his classic little book The Richest Man in Babylon. He refers to it as “The Third Cure” to a lean purse which states, “Put each coin to labouring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.”

Successful entrepreneurs are always looking for streams of wealth that will constantly flow into their purse. They do that through buying or creating entities that generate income or cash flow with or without their daily involvement. That could mean buying positively geared investment properties, shares that provide a dividend or investing in or creating a successful business. It is the positive cash flow that makes these equity investments viable because they generate money instead of spending money. A real entrepreneur is not interested in “paper profits” or inherent value – they are seeking positive cash flow which can be used to buy additional wealth creating assets or re-invest in the business. A business is only viable and genuinely wealth creating if it makes more than it spends and generates cash flow for growth and investment. It is the cash flow that feeds the business, allows it to prosper so that the business can eventually be sold and its value realised.

If you’re a business owner seek out every possible way to reduce your expenses, increase your sales and improve your ability to generate not just one, but many cash flow positions. This is what the most successful business people do to become wealthy. They create or acquire ‘cash flows’ for a future sale or exit. If you own assets ensure they are positively geared and that you are generating and acquiring positive cash flow[s] at all times. The future success of your enterprise depends upon it.

Freelance Is The Key To Financial Freedom And Having More Personal Time

There are many people who prefer to have the stability and the benefits that a job gives, however it also bounds the true creativity that an individual craves in their lives. There are many successful and qualified professionals that have stepped beyond their personal zone of comfort to achieve the true freedom through Freelance. The allure of freedom is some thing that everyone in this world desires but it is the lack of job security that puts off many professionals pave their way into this zone. The best way to arm yourself is by finding out the intricate details of change that are needed by each and every individual before they make a change in their lives. Freedom is not the only thing that makes people change their path, but also the possibility that people can change higher fee for the same amount of work that a regular employee gets paid monthly. Also they do not have to pay equal amount of taxes compared to a regular day job. Freelance allows people to take home up to 85 % of the contract value compared to 65 % of an employee. The control over the times of work become extremely flexible and professionals can devote time to a specific project accordingly.

People also have to realize the down sides of Freelance, when they tread into this domain. They have to realize the fact that they will not have medical or health coverage that a regular job has to provide according to law. They will also not be privy to other employee benefits like a paid vacation and they will have to manage their personal time accordingly to finish a specific contract they have taken up. At a job, people are generally given a notice if they are asked to leave the job which is not applicable in this path. When Clients do not require the services of the contractor, they simply end the project according to the part of the agreement. However, people can also pick up new contracts easily to replace the jobs they might have lost to due to any reason.

This is the most flexible path a profession can walk that allows them the time to learn new skills to acquire better projects within their field. Better the skills get in time, more the possibility of getting a better paying contract in the future. It will also allow you to cut down on the time you put into you work and free up you schedule for other things in life.

Excellent Customer Support Services Will Ensure Your Business Is A Winner

The day businesses find that they do not have enough customers that would be doomsday for them. Businesses are too heavily dependant upon customers for their survival, without customers a business would cease to exist. So businessmen must always keep in mind that the presence of customers or the absence of them will decide the fate of their business.

A good way to ensure that customers are always loyal to a business is to provide excellent customer support services.

Businessmen want to provide the very best to their customers because if they don’t, some other business surely will and thus, steal them away.

In reality however, even though businessmen do make an honest effort to provide the best customer support services, they often fall far below the expectations of customers. This is because firstly, they are not trained experts at providing customer support and secondly because they do not have the funds to provide customer support services on the same wavelength as bigger businessmen can.

Still businessmen need not give up hope, they can always hire call centers to provide customer support services on their behalf. If businessmen are looking to get the best deal from call centers, then call centers South Africa will be the perfect choice.

Customers always want to feel like the business, they are a part of is providing them valuable services. Businessmen have to think that just acquiring customers is not enough, getting them to stay is even more important. Since it takes quite a lot of effort to acquire a single customer, businessmen must be clever enough to hold onto them.

Call centers South Africa know how important it is to focus all their energy on keeping customers happy and pleased at all times. Round the clock assistance for starters is the best way to get customers to feel like they are receiving value for money services. Customers do not complain when they can seek assistance from the business on a 24/7 basis. In fact they come to look upon it as reliable and trust worthy. If all their needs and demands can be fulfilled at any given hour of the night or day, then customers would not even need to look anywhere else for better customer support.

Customers need assistance from a given business at all times for various reasons. They often call up with queries regarding products/services, or to place orders, for technical support or to make complaints. These are some of the reasons why they demand constant customer support. Sometimes customers are helpless and confused, at this moment if they do not receive adequate support from the hiring business they will obviously get frustrated and disappointed.

Constant customer support is what helps to bring a business closer to its customers. If businessmen want to establish a good and solid bond with their customers, then its time they hired call centers South Africa to provide customer support services on their behalf.

After all, amidst the cut throat competition, one has to be at the very top of their game to survive and be the best. So businessmen should be wise enough to let call centers assist them in doing so.

How to Begin a Small Jewelry Business Online

Starting a company nowadays is quite challenging because you will find already existing competitors who set foot on the shorelines of your chosen land to discover and triumph over the said market. They already have the edge in most ways since they already obtained much of your prospective clients, marketed their products and services, and quite a few people trust companies that have been in business for decades as opposed to years. That is the same way as starting a small jewelry company online.

One of the top wedding pearl jewellery marketers online helped us pass on the word motivating small business owners and entrepreneurs on steps that we must do in starting an online jewelry business.

Products ought to be available at the earliest opportunity. Be sure that before you decide to plan to bring your business online, the products to be specific your jewelries should be accessible already. Exactly why? Mainly because you will never know you may have a wholesaler or a barrage of shoppers willing to buy the moment your merchandise show up online.

Buy a domain name for your site. Buying a domain name is the primary step in creating a site and you can obtain one from various domain name providers in the World Wide Web. Ensure that the domain name is your company name and ought to be snappy to make your company stick out.

Set Up online payment options. Make sure that you’ve online payment options available to make transactions faster and easier, you can set up credit card payments or PayPal and other payment alternative. Make sure to provide your customer with the best courier (FedEx, UPS) that they also trust.

Post on blogs and articles regarding your products. One of many least expensive ways to promote your products is by posting on blogs and writing articles about your products. Post pictures with models and profile about the jewelries and employ keywords that best illustrate what you’re promoting like crystal wedding jewelry sets or ivory pearl wedding earrings. You may also hyperlink those to your site links for them to access your merchandise lists.

Make your site multi functional. Your site should answer all questions and should contain all the details that your company and merchandise possess. From customer testimonies, about us page, contact us page, item list and prices, and if necessary, your website must also have Spanish, French, Chinese translation alternative for non English speaking/literate shoppers.

Market in social media sites. Facebook, Twitter, Google plus, LinkedIn along with other social media sites are also a free way of promoting your products. You can create FB and Google Pages where you can acquire a great deal of potential customers since most people spend their time spent online on social media sites.

Sell on internet auctions. You may also setup an account on buy and sell sites on the web. Wedding pearl jewellery is one of the most auctioned on the subject of jewelry so better create an account right away for your business.

Promote, Sponsor and Freebies. As a technique for attaining customers, some new businesses market their websites online via ads, sponsor nonprofit events and a few provide freebies. This is very attractive to potential customers.

Spend 3-5 hours online. In order for you or your business personnel to monitor precisely how your online business is doing, you ought to set aside at least 3-5 hours (depending about how the sales via online is doing). For starters, 3-5 hours online can provide you with ideas about how you possibly can make your company more effective and knowledge on how to make your company improve.

Join forums and online auction discussions. Online business tycoons reveal their business know-how, plans, strategies and other helpful pointers in forums and discussions. You can definitely share what your company is going through and you can certainly get a lot of ideas from them in enhancing your business.

Creating an online business is simple if you have implemented these steps above. At the end of the day it can be very satisfying the way your online campaign is being transformed into cash and will not only give you money for your expenditures, but as well as reward for your hard work.

EsourcesReview Blogs Tells You How You Can Use Their Services To Boost Your Business

Have you browsed any review sites recently? UK traders are increasingly depending on advice from fellow UK trade buyers and suppliers to learn more about esources, the online trade directory that is known for their strictly ethical trade practices in a field where scams and dubious dealings are rampant.

Online retailing is fast becoming a popular profession in the UK with hundreds of traditional businesses now looking to take the online route to take their wares to a larger audience and newer markets. It is clear from review blogs that the portal is at the forefront of the buzz happening on the UK ecommerce scene.

– Free and Premium Membership – Choose Your Pick

Esources offers free and premium memberships to trade buyers in the UK. Free membership gives buyers free access to premium suppliers and the ability to access the latest wholesale offers from genuine suppliers. They can also view the latest wholesale prices and place orders directly from UK trade suppliers registered on the portal. Free membership can be used to receive quotes from relevant suppliers and get free email updates on the latest deals available on the site.

Free trade buyers can avail of some truly exciting offers on registration. They can choose one of the many free e-courses on topics that are relevant to their business. You can select up to three e-courses which will be emailed to you. The range of products and services they offer are simply beyond the scope and capability of other similar trade directory services in the UK.

– Three Access Levels for New and Established Trade Buyers

According to reviews posted by members, the portal is completely committed to their responsibility of felicitating trade. Trade buyers using the premium buyer membership can enjoy all the basic buyer privileges and many other unique facilities. They can access the largest database of verified wholesalers and dropshippers on the internet. Enjoy three access levels namely monthly, six month subscription and annual subscription. The plans are flexible and there is something for all types of trade buyers; new as well as established.

You can choose the monthly subscription if you are an upcoming ecommerce store. Available for just 25 inclusive of VAT, the monthly subscription gives you full access to all the wholesalers, manufacturers, importers, distributors and dropshippers. You also get access to all the wholesale and dropship sources on the site to build a formidable and profitable online and offline retail business. The fully functional ecommerce website comes with a host of priceless trade features designed to enhance your online experience. Hosting is free for life and there are no fine prints or hidden charges.

The six months subscription for trade buyers is available for 50 pounds and designed as per the time necessary for businesses to reach consistent and sustainable success. Annual premium membership for buyers is the ultimate resource to make some amazingly profitable deals. The subscription comes with an extra 10K income guarantee or you get your money back plus another 50 from esources. You also get free delivery of the hugely popular eBay Business Handbook, considered to be the ecommerce Bible by traders.