Category: Successful Home Business

The Stock Market and Stock Market News

Posted on by Bella E. Hussain


A stock market or equity market is a public entity for the trading of company stock (shares) and derivatives at an agreed price. The stock is listed and traded on stock exchanges which are entities of a corporation or mutual organization specialized in the business of bringing buyers and sellers of the organizations to a listing of stocks and securities together. Participants in the stock market include individual retail investors, institutional investors such as mutual funds, banks, insurance companies and hedge funds, and also publicly traded corporations trading in their own shares. Their orders usually end up with a professional at a stock exchange, who executes the order of buying or selling.

The purpose of a stock exchange is to facilitate the exchange of securities between buyers and sellers, thus providing a marketplace (virtual or real). The exchanges provide real-time trading information on the listed securities, facilitating price discovery. Some exchanges are physical locations where transactions are carried out on a trading floor, by a method known as open outcry. This type of auction is used in stock exchanges and commodity exchanges where traders may enter verbal bids and offers simultaneously. The other type of stock exchange is a virtual kind, composed of a network of computers where trades are made electronically via traders. Actual trades are based on an auction market model where a potential buyer bids a specific price for a stock and a potential seller asks a specific price for the stock. When the bid and ask prices match, a sale takes place, on a first-come-first-served basis if there are multiple bidders or askers at a given price.

A few decades ago, worldwide, buyers and sellers were individual investors, such as wealthy businessmen, usually with long family histories to particular corporations. Over time, institutions such as pension funds, insurance companies, and mutual funds have become the major players in the stock market. The rise of the institutional investor has brought with it some improvements in market operations. One improvement is that fees have been markedly reduced for the ‘small’ investor.

Stock markets provide a considerable amount of information daily. And the rise of small investors in the stock market has led to an increased demand for the News. The news analysis consists of the tracking, recording, analysis, and interpretation of the flux and change of it. Such analysis could include the performance of well-known and not-so-well-known companies. This form of journalism can also cover news and features articles about the people, places and issues related to the stock market in particular and the financial industry in general.

Stock market news is disseminated in a variety of ways. Most newspapers, magazines, radio, and television news shows carry a segment dedicated to the trends of the trading day. However, the internet has fast become the medium of choice for a considerable number of stock market news watchers. On the internet, such persons can get not only up-to-the-minute reports on trading, but also detailed and in depth financial journalism.…

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Five Steps To Build a Successful Business

Posted on by Bella E. Hussain

Successful
1. Build your business around your vision

The first step in establishing your business is to make sure that you have a very clear and crystal picture of your vision. You should be able to articulate your vision well enough to the point that it is what you see, what you eat, what you sleep with and what you wake up to. Your vision is the determining factor for the establishment of your online business, it is so vital and so critical that you are able to crystallize your vision well enough.

2. Build your business around your purpose

The purpose of your business has to do with the overall mission of your online endeavor. What is the ultimate purpose of this online venture, why does it exist. You should be able to answer to questions such as what problems is it going to solve, what needs is going to meet, what solutions is it going to provide.

In sum you should be able to tell why does your online business exist and this aspect transcends the borders of your own life and riches to the overall market. Every business exists to proffer a solution, solve a problem, and meet a need. The question is what is yours?

How does your online venture contributes to the wellbeing of society and how does it satisfies their deep needs and desires. I guess that until you have this clear you do not have a business yet. What you have is a joke!

3. Build your business around your interests

If you are going to do this for a long time you should be interested enough in it, that’s why building your online business around your interests is absolutely critical to your success online. Following your interests should be something that you do from the onset because you do not want to wake up one day and discover that you have no interest whatsoever in what you are doing.

4. Build your business around your passions

Passion is the fuel that drives the engine, without it no matter how interested you are in that particular venture you will not go far. It is therefore, vitally important to make sure that you are passionate enough to your business endeavor.

Passion is what is going to make you work late hours at night, it is what is going to make you rise up early in the morning. When things get tough and you tend to be discouraged, guess what! your passion will propel you to move on and never give up. One of the secrets to the vitality of your business is how passionate you are about what you are doing.

5. Build your business around your strengths

Your strengths are a combination of your talents, your experiences, your knowledge and your skills. By focusing on your strengths and not in improving your weaknesses will put you ahead of the pack. It is absolutely critical for the sustainability of your business that you leverage your strengths. Because it is this that is going to differentiate and to distinguish you from your competitors and from the pack that is always looking for something to copy and to follow.

6. Build your business around your values

Your values constitute a fundamental aspect of your online business, in fact this is what is going to sustain your business. You must make sure that your online business is founded upon solid values and not only about making money.

The greatest problem that we see online today is lack of fundamental values in the manner some online entrepreneur construct their businesses. Due to the constant appeal to make quick money online, people go as far as lying and deceiving people by making promises that they cannot keep and by offering products that are just junk to say the least.

I must mention to you that if you are going to last in the online business fraternity it is vitally important that you establish your business upon solid values and not only upon making money all the time. It is actually disgusting to see what is happening online due to this fundamental and crucial aspect of business.

7. Build your business around principles

One thing that one must have in mind is that while values may vary from person to person and around ones preferences and choices, when it comes to principles one has to understand that the ball game is different. The reason for that is that while values may change given different circumstances and individuals, the same cannot be said about principles. Principles are the same no matter in which part of the planet you are at, the bottom line is that what you sow is what you reap. You see, that is a universal principle whether you believe …

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Business Use Limousine Service on Rise

Posted on by Bella E. Hussain

Business
Businesses are increasingly utilizing limousine services in place of other modes of transportation such as taxis, public transit, or rental cars. While most people think of this form of travel as prohibitively expensive, it can be cost effective as compared to the maintenance of a company vehicle and driver.

As far as business use of limo services goes, it is often thought to be used primarily as a private jet might be used: to transport busy business executives from huge corporations, especially from out of town. However, it is becoming more common to utilize this service to carry key staff and even their support staff to and from meetings and other functions that may or may not be out of town.

While traveling in the limo, the chauffeur handles route planning and traffic congestion. Companies reasonably expect that the drivers know the cities they work in very well, and can map out primary and alternative routes readily should the need arise. For businesses, time is money. While the driver is handling the transportation issues, the company staff can conduct meetings, phone calls, work on their laptop computers, or take a much needed nap. They arrive at their destination ready to pick up where the drive left off. The cost of limo service is more than offset by more efficient time use in travel.

As with hotels and airlines, frequent users of these services are often offered special corporate rates. In fact, business use of limo services is now becoming so common that there are whole fleets and limo businesses that specialize in this type of client. Many fleet owners will tell you that their client list ranges from small businesses to Fortune 500 giants and even includes city, state, and federal government employees.

Because these fleet owners are in the transportation business, many also offer the capability of handling all your transportation arrangements as part of their corporate package. Most have become so sophisticated that they keep detailed records about every passenger they carry so they can cater to idiosyncrasies and special needs in case that individual or team of individuals requires transporting again.

For airport pick up and drop off, which of course is a significant part of their business, most services have flight view software so they are able to track all airline flights, departures and arrivals. This enables them to not only ensure that they pick you up and drop you off in a timely manner for your flight, but also inform you of delays, should they arise, in any flights you have scheduled for your trip. This takes one more concern off a busy business traveler’s shoulders.

In addition to the efficiency of limo services, businesses might use this transportation for important clients and staff because they are promoting an image. It is equally important to treat your own employees well. Any profitable corporation knows that keeping key employees content is a cost effective decision.
Limo services are always going to be more useful in big metropolitan areas and will probably always be used more by Fortune 500 companies than smaller businesses, but there is no denying that their popularity is on the rise.…

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The Pros and Cons of an Entrepreneurship

Posted on by Bella E. Hussain

Entrepreneurship
In 2007, I lost my full-time job, and I started selling books full time on Amazon. I thought it would be fun to try this for a year to see what happened. In the back of my mind, I always thought this was temporary and that I would get back to regular life and get a regular job soon. Well that was four years ago, and I’m still selling on Amazon. I found that the more successful I became – the harder it was to get motivated to send out resumes and go to interviews. After all, I’m not a morning person, and I hate getting up early to an alarm. Here are the pros and cons of working at home as an entrepreneurship.

DISADVANTAGES

Social Isolation

With a traditional job there is happy hour after work, holiday parties, and break-room camaraderie. Without this social interaction, it’s easy to feel cut off from the rest of the world. Many people enjoy the ebb and flow of interacting with co-workers on a daily basis. If you think about it, all the extremely successful entrepreneurs had a partner who shared the same creative vision. There was always a left-brain and right combination. Bill Gates and Paul Allen come to mind.

Social Status

This can be important to some people. I’ll have to admit, when I tell people that I sell on Amazon, and that I mostly work at home – I’m not exactly wowing people at dinner parties. Back when I was a middle school teacher, I sensed an immediate overflow of respect and status when I told people what I do.

Taxes

When you work for yourself, you have to pay taxes on all your net income. This means if you have 50,000 in one year, you’re supposed to pay about 20% of that to the IRS the following April. That’s a big chunk of change – $10,000. Even if you take some creative liberties and “write off” a number of expenses, you may just end up cheating yourself. Let’s say you get your net income down to $10,000. Now you only have to pay $2,000 to the government. Sure this sounds good, until you want to get a new apartment, house, or take out a loan. They will always ask for the previous year’s tax forms for proof of income. Chances are pretty slim you will get approved for any of the above making $10,000 a year.

Lack of Steady of Income

Being an entrepreneur can feel like a professional poker players sometimes. Some months, I may make 2-3 times more than my average monthly income. Other months, I may just break even (or even take a loss). Plus, money management is extremely important. Just because money is flowing in from my Amazon payments account, doesn’t mean I’m making money. A large percentage of that money needs to be reinvested back into the business (ie. buying more products for resale). Not to mention living expenses.

Self Discipline

It takes a lot of discipline to get things done when there are no deadlines. Sometimes I’ll find myself mindlessly clicking the Gmail Inbox – just waiting to get that next “good” email. Or I will find myself in a never-ending loop of checking Facebook, Amazon sales, Affiliate Sales, Facebook, Gmail, Facebook, Gmail, and so on. Before I know it, two hours have gone by, and I have done nothing productive.

ADVANTAGES

Personal Freedom

I can wake up whenever I want. I’ve probably had to set the alarm maybe 3 times in the last four years. I’m not a morning person. I can come and go as I please without a boss looking over my shoulder. I’ve also make able to take several mini-vacations. I’ve been to San Francisco, Portland, Florida, Denver, Austin, San Diego, and LA – all in the last 18 months. This was done while Amazon was doing all the heavy living for me. There is no need to give a two weeks notice or get permission from anyone.

Unlimited Income Potential

While I mentioned that lack of a steady income is a pitfall, it can also be a great advantage. There is no limit to the amount of money you can make when work for yourself. You can be wrong several times, but you only have to be right once to find that financial windfall. When you work for someone else, the income is usually set.

Opportunity of Self Development

When working from home you have the freedom to “find yourself”. You can try new hobbies and activities that you may have been putting off your entire life due to the restrictions at your current job.…

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Make Your Business Look Professional

Posted on by Bella E. Hussain

Business
Whether you’re a bigger more established business, or a small hole in the wall startup, making your business appear professional is one of the surefire ways towards success. The following are a few ideas that will help make your business look professional in no time.

Logo

Having a logo that is eye-catching and accurately represents your business is one of the most important and first things you can do to get your business on the professional track. A logo that is well designed that can then go on business cards, signs, storefronts, emails, letters, websites, brochures, etc. will be, for many, the first impression that they have of your company. It can, in a small way, make or break your business when it comes to attracting new customers. Whether you have someone in-house that can design a professional logo, or you hire this task out, take the time to make sure it is done right!

Communication

When you have any sorts of communication with your customers, make sure that it is done with the utmost professionalism. Your emails should be well written and thought out, documents you send via email should be in PDF format, your voicemail should be professional and business related, and you should be available for contact via multiple channels – email, phone, website, etc. Maintain professionalism and your customers will think highly of you and your business.

Go virtual

A great way to give your business a more professional vibe is to take some aspects of your company “virtual”. You might consider getting a virtual answering service to direct customer calls to the proper person. You could recruit individuals who live across the country to work for your company virtually in order to give your business presence elsewhere in the country. If you’re not already online, expand your businesses presence and setup a website. If you are online, consider expanding your businesses presence by getting involved in social media, online networking, etc. However you decide to do it, taking your business virtual is a great way to give your business a professional appearance that your customers will notice.

A happy medium

For many small businesses, finding the happy medium between being a professional and corporate organization as well as a friendly and local business who has friendly service and connects with their customers on a personal level is crucial to their success. By focusing on the customer and their experience, everything else should fall into place.…

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Use Hyperfocus to Set Your Business Up

Posted on by Bella E. Hussain

Hyperfocus
Most first-time entrepreneurs have a pretty good idea of the type of business they want to start. Perhaps they like what they do for a living, but know they could run a better company, or perhaps they are just tired of working so hard to line someone else’s pocket. Maybe they have a hobby they’ve been doing for years and believe they could make a go of sharing that passion with others. In either case, these would-be entrepreneurs generally have a good grasp of the basic operations of the business. Unfortunately, the operations are only half the battle.

Every business, no matter what type or industry, must rely on business fundamentals to stay afloat. Good marketing, solid financial management, strategic planning, and other business skills make the difference between the startups that fold up the tent and those that thrive. The difficulty for many entrepreneurs is figuring out how to master this broad range of skills before launching their own venture.

Of course, there are a number of options. You could go back to school – over 2000 colleges and universities in the US now offer entrepreneurship classes in one form or another. But school is expensive and time-consuming, and the jury is still out on how much formal education really teaches you about actually managing a real business. You could take the learn-as-you-go approach, one that is highly recommended by some startup experts. The problem with that method is that it can be very expensive to use the trial-and-error approach and take much longer for your business to hit its stride. A third possibility is to outsource every non-core task (everything but the operations), also a popular recommendation from some experts. But if you are going to turn over all control to outsiders, doesn’t that defeat the purpose of starting your own company?

A better option is to schedule time to really plan out your business idea, and hyperfocus your efforts on one area at a time. Thoroughly planning a startup covers hundreds of individual topics and steps. Most people have a passing familiarity with some or most of them, but an in-depth knowledge is necessary to really succeed in business. Even if you opt to outsource specific tasks after startup, you will at least know enough to know if you are getting the services you are paying for.

By taking a step-by-step approach to launching your business idea, you give yourself the opportunity to focus on each step as it comes. You can research and analyze the options for every aspect, becoming an expert in every department of your company (as a good owner should). By hyperfocusing, concentrating on only one area at a time, you can dig deeper into each subject and decide for yourself which aspects make sense for your business idea and which can be dismissed. You can identify opportunities for the future and keep them in your long-term plan. You can make informed, justifiable decisions all along the way, rather than blindly throwing money around hoping some will come back.

Starting a business is one of the most complicated, difficult, and rewarding experiences available, and worth every effort and cost when it succeeds. Unfortunately, too many entrepreneurs jump in without building a strong enough foundation to survive. Wherever you are in the startup process, consider stepping back and taking a step-by-step, hyperfocused approach to your work. The payoff of always knowing what you are doing is worth every extra day it takes to open the doors.…

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