Your Checklist for Starting Your Business

A Checklist to Use When Starting a Business

Many people dream of owning their own businesses, working hard, and reaping the benefits when the profits roll in. If you’re considering a leap into the world of entrepreneurship, you may be making the most important financial decision of your life, and paving the way to a bright future.

We know that nearly 80% of all new business ventures fail within the first five years. If we examine the stats for franchise operators, the survival rate if far higher.

By planning your new business responsibly, and taking the risks and rewards of being an entrepreneur into consideration, you will increase your chances of success.

The Entrepreneur’s To-Do List

• Decide on a business – Do you have the necessary skills to run the business you have in mind, and do you have experience in the field? Will you be able to devote the time that the venture will demand? If the answer to these questions is yes, you may be making the right financial decision.

• Do your homework – Starting a business that will succeed in the long term is no easy task, but if you do your market research and find that there is a demand for the products and services you plan to offer you will be starting from a position of strength. You should also research the costs of starting and running the business for the first few months when profits may be low. Do not assume that your venture will have a positive cash flow during the first year of operation.

• Assess your finances – You’ll need to secure the funds that are necessary to start your business, either from your own savings and investments or through a loan. In addition, you will need to cover your living expenses while the business is getting off the ground. For this reason, you will need to ensure that your household can continue to run while the business is growing, without incurring unnecessary debt.

• Prepare yourself for some hard work – Running your own business can be a rewarding and life-changing experience, and like any important process it takes hard work and dedication. The passion you feel for your business will drive you to work hard, even when things are not going according to plan, and entrepreneurs who believe in their businesses definitely enjoy greater success than those who don’t – passion and hard work are great ingredients for success!

Website Names – The Essential Key to Creating a Successful Online Business

Website Names, Also Known as Domains, Domain Names and URLs

When it comes to creating a website and ultimately a business, one of the most important elements to consider is the website name as this is what is going to be remembered by your potential clients, therefore it’s essential to know the demographics of your market.

By the end of 2011 there were 220 million domain names registered, of these less than 50 million are considered a premium domain.

What is a Premium Domain?

* It’s short (shorter the better, definitely less than 30 characters)

* Easy to remember, spell and type

* Only letters – no numbers or hyphens separating the words (as this means the domain without hyphens is taken, if YOUR client types the domain without the hyphens you’ve lost them to your competitor)

* Contains at least one keyword relevant to a Niche, Hobby or Business

*.com is essential

* The keyword(s) has commercial value for advertisers

The domain should clearly define your business or hobby:

example: elephantcharm.com – it can’t be confused with something else, there is a clear finish to “elephant” and clear start to “charm”.

How do you read this one expertsexchange.com?

Was your first thought “Experts Exchange” OR “Expert Sex Change”?

There are so many of these ambiguous type of domains, the business owners probably did not notice when they registered it, or maybe they did. A bit of controversy is sometimes fun!

Fact: a domain name dramatically impacts a business in many ways:

* exact match (a commonly searched term, product or service leads to)

* search engine ranking (which affects)

* both organic and direct traffic (which in turn determines)

* income potential (essential to a Successful Business and ultimately the)

* resale value (a great asset and valuable component for a Business)

How to check the demographics to know if a domain is considered Premium?

Using the above example of “elephant charm” as an exact match two word phrase:

Search 1)

Google Keyword Tool: search “exact” match type there are 390 monthly global searches and 290 monthly searches in the United States.

Search 2)

Google “exact term” search lists 339,000 page results. At the time of writing this article, Google’s first page of the ten organic searches – nine websites were.com and one was.co.uk. Few of them had the exact keywords in the domain (only in the extension). This means when the owner of elephantcharm.com places a decent website on it, they have an excellent chance to be listed on the first page of Google with a few quality back links to the site.

Search 3)

Google Trends: shows a rising market since 2007 and the two main regions for searches are United States and England.

Search 4)

Valuate.com: lists 900 searches, cost per click advertising $1.03, traffic is nil (as presently there is no website attached to domain) and the appraisal for only the domain name (not a website) is $870.

These four easy and no cost searches have revealed that elephantcharm.com is a Premium domain.

The supply of premium domains is limited, once acquired it’s generally renewed by the “owner” forever. Once a.com is taken the only options are to:

* add another word to the keyword(s), remember less than thirty characters and the added word is best at the end. Example: elephantcharmshop.com

* the second tier domains (.net or .org – the only two to consider), as shown in the above example often does not earn the ultimate prize, first page of Google.

As a premium location for Real Estate is its protection and value (i.e. water front properties, best street in suburb etc) securing a premium domain is your virtual Real Estate and a true investment for your business as they are easier to monetize and command a higher value on resale of your business.

How to find premium website names to give your business a genuine competitive edge is as easy as going to the resource box below.

The Beginner’s Guide to Trading

Importance of Knowing the Basic Steps in Day Trading Day trading or Intra-day trading is one of the methods of marketing products. This strategy means trading, buying and selling stocks on the same trading day which means that whatever the trader buys today, he or she have to sell it on the same day as well. There are other traders that their trading activities continue even after the regular marketing hours when the stock exchange closes. Those sellers and buyers who participate in day trading are called day traders. In Day trading, the trader gets a margin on the balance amount which means that he or she gets more leverages on the available balance amount to do day trading; this concept is called margin trading. Margin trading is only possible in day trading and not in delivery trading. The extra amount or the margin that the entrepreneur is going to acquire will totally rely on the broker, or the online system brokers. If you acquired shares then you have to sell and if you sold shares then you have to order within the specified time in the day. Second important advantage is that you traders will have to pay less brokerage on day trading as compared to delivery trading. This brokerage again relies upon from associate brokers on the online stock trading system. In day trading you can freely do short selling wherein you sell and then buy which is something you can’t do in delivery trading. Traders usually sell shares when prices are falling and then buy when price falls further. In order to achieve success in this area of day trading, you need to have a computer and a great internet connection. The interested trader should also need to online share trading account with any selected banks or online brokers. In initiating an online account, the trader should be aware about particular critical points to discuss with the broker such as fund transfer, the margin provided for day trading, services charges and any other hidden expenses if any. Some online share accounts have integrated savings account which makes easy for you to transfer funds from your saving account to trading account. Online accounts should also supply assistance such as research calls and daily hints. Also inquire about their services charges and any other hidden charges if any. Before deciding to trust a particular online website, it is important to see how reputable and easy is to get in touch with the brokers that handle it in case if there’s any emergency such as emergency closing, squaring off trades and any other technical matters.
What Has Changed Recently With Trading?
It is highly recommended to train by performing a couple of paper trading prior to starting the actual trading in order to put into practice some skills that are needed to appropriately trade. Traders require to become familiar about the basic steps in using the trading system such as knowing how to place buy or sell orders. Training can also help the trader to achieve confidence that he or she has the ability to effectively trade. Another advantage is that the trader will become active to enter and exit the trade because he or she comprehends the process that is going on what are the popular day trading issues and how to avoid them to make big profit.Learning The Secrets About Stocks