About Us

We all dream of owning a successful company, calling the shots and pocketing a nice paycheck every other week. Oh, there are plenty of dreams out there but how many of us actually take that first step toward financial independence and a quality of life that depends, not on the folks upstairs in the big offices, but on your own hard efforts. When you own the business, financial independence depends on you.
Thats why most people back away from business ownership. Fear of failure. Fear of looking foolish. Fear of what your family and friends will think if your new business doesnt soar like the American bald eagle - the American dream.
Ive had the satisfaction of starting start several businesses in my career, some more successful than others. However, even my "less than stellar" attempts at entrepreneurialship have taught me valuable lessons - lessons you can take with you to the kitchen table and start drawing up plans for your business.
So learn from someone whos enjoyed success and learned from missteps when it comes to starting your own business. For me, and millions like me, business ownership is the only way to go.
1. Consider your assets.
It takes money to start a new business but it doesnt take a lot of money to start all new businesses. An office cleaning service can get up and running on a couple of thousand dollars. A car detailing business would cost you even less.
But dont just consider cash on hand. Consider your personal and professional assets. Are you a people person? Consider sales. Are you a bean counter? How about opening a tax prep service?
Youve also got other assets. Your own tools, a car or truck, a computer - make a list of all of the cash and other assets on hand. This is the starting point for deciding on the right business for you.
It can cost up to $2 million to buy a McDonalds franchise, so if you dont have $2 mil tucked under the mattress, look for less costly ways to become part of the world of commerce.
2. Do something you enjoy because youll be doing it a lot.
It doesnt make much sense to open a landscaping business if you hate mowing the lawn - even if your business does provide financial independence. So, what are you good at? The simple fact is we all enjoy doing things were good at so think about the things you enjoy doing in your spare time. In that mix, theres a business for you - one in which you work 70 hours a week and love it - because its yours!
3. Dont borrow money.
Okay, maybe you can borrow a few thousand from a friend or family member but dont start maxxing out your credit cards to get your business up and running. Its hard enough to launch a start-up without a heavy debt load the day you open shop.
4. How entrenched is the competition?
Youre a certified financial planner considering opening a small office in town. Okay, have you opened the phone book to see how much competition there is in your region? Why swim upstream?
If there are already 10 financial planning firms within a 20 mile radius, chances are these companies have their client bases in place. They also have the resources to blow your little store front to bits with marketing and promotion. The key? Study local competition and start looking for business locations where youre not fighting for attention in a throng of like-minded business owners.
5. Keep your cash as long as you can.
One client designed a beautiful tri-fold, four-color brochure for his new investment firm. He had 5,000 of these tri-folds printed, bundled, boxed and shipped to his home office, which happened to be in his home.
Heres the problem: this business owner only had two clients when he paid to have those brochures designed by a graphic artist and printed on lacquered, high-end paper. The whole package, including shipping, costs the new businessperson just a little over $2,000. Unfortunately, he had four boxes of brochures stacked in his home office, he was out $2K and those brochures werent going to grow the new business any faster - something essential to any new business. Growth. Fast.
Cash is king. Dont spend it unless you have to. Lease when you can. Use on-line virtual assistants (VA) if the work load gets too heavy. And save what cash you have for immediate growth.
6. Develop the plan.
Just set yourself someplace quiet and start writing whatever pops into your head. What will you need? How will you get it? What wont you give up? Do the free association thing and one thought will lead to the next and the next.
Refine your notes over a week or two until you see step one, step two, three and four. A business grows organically under the right conditions. This is the time to create the right conditions.
7. Budget.
Its such an ugly word and if you think living on a family budget is tough, waitll you get a load of a business budget with expenses you havent even uncovered yet, though you will soon enough.
I recommend to my clients that they keep at least 50% of their start up capital set aside for marketing, and if you can do 60% - even better. Why?
You can have the best product or offer the highest quality services but if no one knows youre there, that business is going belly up in a matter of months.
So, in addition to inventory (if youre selling products) and a high-speed hook-up, a reliable computer, remote-site records storage and all of the unknowns that youre about to encounter, keep at least half of your start up cash on hand to tell prospects that youre open for business.
yabancı film izle film izle güzel sözler 8. Dont let fear freeze you.
Are you kidding me? Were all fearful. Fearful of market downturns (restaurant killers), new competitors (lower margins for you), a change in the neighborhood, a dishonest wholesaler - you could spend a day - a week - compiling a list of things that could go wrong.
Prepare for emergencies (thats what the cash is for) but dont let fear freeze you in place. And dont let failure put out the flames of ownership that burn within a select few. Ive failed and Im still here. Youll fail, make mistakes and fall on your face some days. Its part of the process of growing a business to profitability.
However, I dont let these missteps keep me down. I learn my best lessons from my worst mistakes. You will, too.
Look, this is a once-over-lightly look at building a business but youve already proven your interest by reading this far. So, maybe its time to pick up pencil and paper and move to the planning stage.

  • MF NEWS
  • IPO NEWS

Bill Maldonado The one thing they like about investing in India is the prudent manner in which the economy has been managed by the government and the RBI, said Bill Maldonado of HSBC Global AMC.
Fri, 12 Jan 2018 15:50:33 +0530


S Krishna Kumar The overall market is factoring in a lot of positive news, said S Krishna Kumar. Cues such as India being fastest-growing economy going ahead along with swelling order books of EPC firms are working well.
Thu, 11 Jan 2018 10:28:56 +0530


Ajay Tyagi In an interview with CNBC-TV18, Ajay Tyagi, EVP Fund Manager, UTI Mutual Fund discussed fundamentals of the market.
Mon, 08 Jan 2018 12:46:31 +0530


Sailesh Raj Bhan Fund flows in December may have slowed but 2017 flows overall have been at record levels that is flows coming from retail investors to mutual funds. In an interview to CNBC-TV18, Sailesh Raj Bhan, Deputy CIO-Equity Investment at Reliance Mutual Fund shared his views and readings on this extraordinary trend of 2017 and will the same continue in 2018.
Fri, 05 Jan 2018 11:59:28 +0530


Tushar Pradhan Speaking on valuation issues, Tushar Pradhan highlighted that they did move higher last year and PE expansion also contributed to returns from the market.
Thu, 04 Jan 2018 11:00:16 +0530


Sunil Subramaniam Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Wed, 03 Jan 2018 11:52:11 +0530


Swati Kulkarni Watch the interview of Swati Kulkarni, Executive Vice President and Fund Manager at UTI MF with Sonia Shenoy and Ekta Batra on CNBC-TV18, in which she shared her readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Fri, 29 Dec 2017 12:11:24 +0530


Manish Sonthalia Manish Sonthalia expects the taxation to return to equity given the lower GST collections along with economic scenario.
Wed, 27 Dec 2017 11:51:34 +0530


Gaurav Mehta In the fund there are several consumer names both from the staples basket as well from the discretionary basket, said Gaurav Mehta, Fund Manager,Ambit Asset Management.
Fri, 22 Dec 2017 16:31:17 +0530


Here#39;s a fundamental view on the market from Motilal Oswal#39;s Gautam Sinha Roy Watch the interview of Gautam Sinha Roy of Motilal Oswal Mutual Fund with CNBC-TV18#39;s Ekta Batra and Surabhi Upadhyay where he shared his readings and outlook on the fundamentals of the market and specific stocks and sectors.
Fri, 22 Dec 2017 12:01:08 +0530


Mutual Fund Day: Financial planning tips for young professionals On CNBC-TV18#39;s special show Mutual Fund Day, watch the interview of Sailesh Raj Bhan, Deputy CIO Reliance Mutual Fund and Harsh Roongta, Independent Financial Advisor where they shared financial planning tips for young professionals.
Thu, 21 Dec 2017 19:01:55 +0530


Mahesh Patil Overall, he expects auto and cement names to show growth in earnings. For the second half of this fiscal too he expects good earnings trends.
Thu, 21 Dec 2017 11:44:51 +0530


Lalit Nambiar Watch the interview of Lalit Nambiar, EVP - Fund Manager Head of Research at UTI MF with Prashant Nair and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Fri, 15 Dec 2017 12:26:46 +0530


Here#39;s a fundamental view on the market from Chandresh Kumar Nigam Watch the interview of Chandresh Kumar Nigam, MD CEO of Axis Mutual Fund with Sonia Shenoy and Ekta Batra of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Wed, 13 Dec 2017 12:00:03 +0530


Leo Puri 2017 has been a blockbuster year for mutual funds. We have seen a lot of inflows and liquidity. CNBC-TV18#39;s Kevin Lee caught up with Leo Puri, MD of UTI MF and asked him about his outlook for the coming year and for the industry going ahead.
Tue, 12 Dec 2017 16:21:50 +0530


RITES files papers with Sebi to raise Rs 600 cr via IPO Incorporated by the railways ministry, the company provides transport consultancy and engineering services.
Wed, 17 Jan 2018 15:37:35 +0530


Subscribe for long term to Amber Enterprises India : SPA Research SPA Research has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 17, 2018
Wed, 17 Jan 2018 13:26:39 +0530


Amber Enterprises IPO opens today. Should you subscribe to the issue? Brokerage houses largely recommend subscribing to the issue, citing reasonable valuations as well as that of having a good track record.
Wed, 17 Jan 2018 08:41:05 +0530


Subscribe to CRP Risk Management: Investment Imperative Investment Imperative has come out in its Report on CRP Risk Management IPO as on January 16, 2018
Tue, 16 Jan 2018 13:24:28 +0530


Galaxy Surfactants gets Sebi#39;s go-ahead to float IPO The company had filed its draft papers with Securities and Exchange Board of India (Sebi) in November last year and obtained #39;observations#39; from the regulator on January 12, 2018, the latest update with markets watchdog showed.
Tue, 16 Jan 2018 12:45:34 +0530


Newgen Software IPO opens today. Should you subscribe? The issue price has been set in the range of Rs 240-245 apiece and the company plans to raise around Rs 450 crore.
Mon, 15 Jan 2018 17:39:53 +0530


Subscribe to Amber Enterprises India : HEM Securities HEM Securities has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 17:05:50 +0530


Subscribe to Amber Enterprises India : HEM Securities HEM Securities has come out with its report on Amber Enterprises India IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 17:05:50 +0530


Subscribe to Newgen Software Technologies : HEM Securities HEM Securities has come out with its report on Newgen Softwaee technologies IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018
Mon, 15 Jan 2018 16:55:08 +0530


Subscribe to Newgen Software Technologies : SSJ Finance SSJ Finance and securities has come out with its report on Newgen Software Technologies IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on January 15, 2018.
Mon, 15 Jan 2018 16:46:07 +0530


Apollo Micro Systems IPO: Proceed with caution as valuations, working cap requirements a concern Apollo, whose IPO opened yesterday, on a net worth of Rs 63 crore, company is seeking to raise Rs 156 crore for a mere 24.7 percent stake.
Thu, 11 Jan 2018 11:42:08 +0530


Amber Enterprises Rs 600-cr IPO to open on Jan 17, price band at Rs 855-859 The public issue comprises a fresh issue of equity shares aggregating up to Rs 475 crore and an offer for sale of up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore and Daljit Singh up to Rs 62.5 crore.
Wed, 10 Jan 2018 17:01:12 +0530


Apollo Micro Systems’ Rs 156-cr IPO opens today. Should you subscribe to the issue? The company fixed a price of Rs 270-275 per share and said that the proceeds will be used to meet additional working capital and other general corporate purposes.
Wed, 10 Jan 2018 08:19:03 +0530


Subscribe to Apollo Micro Systems : SSJ Finance SSJ Finance and securities has come out with its report on Apollo Micro systems IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 09, 2017.
Tue, 09 Jan 2018 15:55:04 +0530


Newgen Software IPO to open on January 16, price band at Rs 240-245 The IPO, to raise about Rs 424 crore, comprises fresh issue of up to Rs 950 million by the company and an offer for sale by the selling shareholders.
Tue, 09 Jan 2018 14:53:44 +0530

Client Login
Contact Us
Name
E-mail
Mobile
Message