What Women Should Know Before Starting A Business
February 28, 2008 | 1 Comment
Copyright © Tan Suan Bee
It is becoming more and more popular to start your own business and women are going into business just as much as men. There is much to know about starting a business, and here there are five important things women should know before starting their business.
1. Get professional help
Here is a list of persons you will want to speak with to start your business on the right foot. A good accountant can show you how to set up proper book keeping as well as record keeping for taxes. A lawyer who specializes in small businesses can legalize your business name and counsel you on how to protect yourself from possible business related lawsuits. A licensed property agent can help you to evaluate your insurance needs. They can better narrow down specific areas that you may need additional insurance coverage. Finally, you will want to speak to a business consultant who can help you find start up capital, as well as help in areas of accounting and possible future business expansion. There are some places you can find more helpful information. Your local chamber of commerce is a great location to start. Also local women’s business clubs can steer you in the right direction. Be sure to check your library for county business directories.
2. Get business insurance
Be sure to know exactly what type of business insurance you need. It’s best to first check your homeowner’s policy to look for possible personal business coverage. If this is included you can have your policy extended for this coverage. If your policy does not allow this you may find better luck speaking to an independent insurance agent.
3. Sole proprietorship or partnership
Think ahead of time if you will go into business on your own or with a partner. You will want to decide on either a sole proprietership or a partnership. If you go solo you are the owner and take on full responsibility for the business. If you choose to take on a co-owner be sure to discuss this with your attorney to discuss any preventive maintenance when it comes to your financial set up.
4. Have a business plan
Create a thorough business plan. This will allow you to know if you will need financial assistance such as a bank loan or if you will want to look for other outside investors. Be sure to have a solid idea of the cost of your business. You can also search for government grants that are specifically created for women in business.
5. Home based or office based
Decide whether your business will be run in home or out of home. This choice also includes insurance coverage and grant information.
All of the above go hand in hand to create a solid base for your business. Be sure to speak to business personnel, and do some research. Knowledge is power when it comes to creating your own business. Arm yourself with all the business knowledge you can. Take some business courses or seminars. Once you have a good understanding of how your business is to be set up and run, you will be well on your way to a successful business.
About the Author:
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Helping Everyone To Succeed In Life, Love and Finances
Personal Development For Home Based Business
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Millionaire Mind Intensive In Malaysia
February 26, 2008 | 1 Comment
T Harv Eker is coming to Malaysia for the first time and he is holding his first Millionaire Mind Intensive training in Mines International Exhibition Convention Centre (MIECC) from 23 - 25 May 2008. Click here if you want to know more about the event.
All of us here at PersonalDevelopment4All had attended Harv’s 1st seminar in Asia, held in Singapore last year.
Harv’s MMI really helped us to analyse our own money blueprint and also change our money blue print to enable us to achieve our true potential. We got to understand ourselves more and also what is holding us back from being successful. Couples also got to understand each other’s blueprint which help to resolve many money related disagreements.
There were many exercises and activities that helped us to further understand our current financial status and also to help many of us to let go of our non-supportive thoughts and attitudes which are holding us back from our achievements. Some participants even shared their personal problems which were weighing down on them and found peace in letting it go. They should be on their way on being a millionaire now!
We learn a lot of things in the seminar, one of which was the “money jar” system. This money management system has a good balance of using the money for education, buying high value stuff, daily necessities, charity, investments and finally to pamper ourselves.
Harv and his coach, Rob, also taught us the true meaning of financial freedom and wealth. What it means to be financial free, what it means to be rich and wealthy. All these have a step by step and systematic approach to achieve them. It was really enlightening that being financialy free is not as difficult as what we had thought.
The highlight of the whole seminar was the last exercise on the last day. We had to break a real arrow with our throat! Yup its like those Shaolin monks in kung fu movies. The arrow breaking exercise is to show that fear is intangible and its something we perceive in our minds. This fear is holding us back from doing things and being successful too. We have to act in spite of fear and after we have done it, then only we know its not so scary or difficult.
I do hope that you all will take the opportunity to attend Harv’s training because up until now, its the best training we have attended. It is packed with information, loads of exercises and activities to help you absorb what you learn and to apply it in your life and also it teaches you how to really be financial free. Being financially free is really that simple!
To look at some photos of MMI we took in Singapore, you can visit http://tanhailiang.com.
