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Market Magic's Small Business Blog

Concepts, Ideas, and Advice for Small Business

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    The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.

    © Copyright 2010

    So You Are Thinking of Going Into Business.......

    So you are thinking of going into business. This can have advantages and disadvantages. Running a business of your own will bring a sense of independence, and a sense of accomplishment. You will be the boss, and you can't be fired, though there may be days when you would welcome it. Because you can pay yourself a salary and the profit or return on your investment will also be yours, you anticipate a good income once your business is established. You will experience a pride in ownership - such as you experience if you own your own home or your own automobile. You can derive great satisfaction from offering a product or service that is valued in the market place. 

    By being boss you can adopt new ideas quickly. Since your enterprise undoubtedly will be a small business - at least in the beginning - you will have no large, unwieldy organization to retrain, no board to get permission from, each time you wish to try something new. If the idea doesn't work

    Jeff at MarketMagic.com

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    Categories: General
    Posted by jeff120749 on Monday, June 07, 2010 6:34 AM
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    Communication

    Communication is integral for any relationship, be it a familial relationship, a friendship, a business association, a working relationship, or a romantic partnership. Not only is communication important for the success of any relationship, but the lack of it can absolutely ruin a relationship. The repercussions of poor communication include feelings of betrayal, fast propagating distrust, misinterpretation of signals and events, accumulation of problems, willing self-isolation, and the deterioration of relationships. Communication is an excellent means by which all involved parties can work on ailing relationships.

    The foundation of solid communication is NOT to make yourself be heard, to express yourself accurately, or to be non-threatening. Granted, these are all components of communication, but the real core of true communication is understanding where the other person is coming from. In fact, good communication can't exist without honest listening. When it is apparent that you are actively listening to someone, absorbing their point of view, and honestly taking it into consideration-you are setting the groundwork for your needs to be expressed and hopefully understood. Though this may seem paradoxical-the key to communication is more to listen to what the other person is saying then it is to flood him/her with who you are, what you want, and how you feel. Remember, disappointing or no, the ultimate goal of communication is most often compromise. It is rare that you can utterly change someone else's perception, opinions, or behavior entirely. And it is generally unreasonable to expect to do so.

    Jeff

     

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    Categories: General
    Posted by jeff120749 on Tuesday, June 01, 2010 7:33 AM
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    Are You an Entrepreneur?

    The Entrepreneurs Test
    Do you have what it takes to succeed in a business of your own?
    One of the first questions you must ask yourself when considering if you should go into business for yourself is….. AM I THE TYPE?

    To help you, we have developed the following "Test".  Complete the questions that follow and mail or fax your responses to us.  We will send you confidential analysis and recommendations.

    Name 
    Address 
     
    Phone 
    E-mail 
    Fax 

    If someone gets me going, I keep going.
    I do things on my own. No-one needs to tell me to get going.
    I a very laid back.  I take an "easy does it" attitude.

    I have enough friends. I don't need any more.
    People bug me.
    I like people. I can get along with almost anybody.

    I can get people to do things if I drive them.
    I can get most people to go along with me without much difficulty.
    I usually let someone else get things going.

    I like to take charge and see things through.
    I'll take over if I have to but I usually like to let someone else get things going.
    There is always some "eager beaver" waiting around waiting to show off.  I say, "Let them".

    I take things as they come.
    I like to plan before I start anything.  I am usually the one who lines things up.
    I do alight until things get to complicated.  I like things simple.

    I keep going as long as necessary.  I don't mind hard work.
    I work hard when I have to but everyone needs a break.
    I can't see where hard work gets you anywhere.

    I can make up my mind in a hurry if I have to and my decisions are usually right.
    I like to have plenty of time to make up my mind.  If I react to quickly I usually regret it.
    I don't like to be the one who decides things.

    I try to be on the level but sometimes say what is easiest at the time.
    I never say things that I don't mean.
    I tell people only what they need to know.

    When I make up my mind on something I don't let anything stop me.
    If something doesn't go smoothly I give up.
    I usually finish what I start.
    Records are not important.  I can keep everything in my head.
    Since they are needed I can keep records even though I don't like it.
    I can keep records but work is more important then shuffling papers.


     Yes No
    I consider myself creative.  
    I have special skills that I think could be turned into a business.  
    I have friends that own their own businesses.  
    I like to travel.  
    I have strong commitments to a hobby.  
    I feel uncomfortable asking for help.  
    I have a strong commitment to a physical activity or sport I play  
    I have a strong ego.  
    I can take criticism and not take it personally.  

     

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    Categories: General
    Posted by jeff120749 on Wednesday, January 06, 2010 12:33 PM
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    Problem With Blog.....Restarting

    As of 1/5/2010, this blog developed a series problem which My ISP could not resolve. I had to reinstall the software and lost the previous posts. I am reconstructing my previous small business posts at this time. The ability to comment has also been turned off until I’m sure that the Blog’s reason for failure has been resolved. Thanks for reading.

     

    Jeff

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    Categories: General
    Posted by jeff120749 on Wednesday, January 06, 2010 11:07 AM
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