Freelance Business Opportuniy

Most people aspire to own their own businesses without clearly identifying the best way to do it. The ever-changing needs of consumers makes it even more complicated for entrepreneurs to select the right business to own. Most people already know that there’s a world of possibilities out there for anyone who wants to start a business. The question is: how can you possibly narrow the possibilities down to find the type of business that’s right for you? Business success research proves that most businesses do not survive for more than three years after inception due to poor business selections at the outset. It’s paramount to choose a business which you understand from an operational standpoint or for which you have a particular passion.

Types of Business Structures

There are different business structures to choose from: sole trader, partnership, limited liability, trust, proprietary limited company, incorporated association and co-operative. There are also a few complex structures like a joint-venture (JV). You may want to contact me personally to discuss the most appropriate structure for your situation. For the purpose of this business guide, I will concentrate on sole trader, partnership and limited liability. You will need to decide on which business structure best suits your business and personal needs.

Business categories

Businesses are mainly categorised as either product or service type. If you are a trained professional, such as an accountant, architect, or a specialist on any ailment, your business is naturally going to revolve around the professional services that you provide. However, there are many professionals who also have the opportunity to offer related products if they choose to do so. For example, if you’re an Information Technology (IT) specialist, you may decide to sell computers, software and hardware.

For untrained professionals, the key to deciding whether to focus on products or services when thinking about starting a business is in determining where your true talents lie and what you most enjoy doing. When making a decision, do not base it simply on whether or not you enjoy selling or are good at it. You will be involved with sales no matter what type of business you start.

Once you have identified the business to own, you will then have to make an informed decision whether to start one from scratch or buy an existing business.

How to Write a Business Plan

A business plan is a road map which will stipulate how you shall steer your company to achieve the goals and objectives which you have set. Most people, especially those starting a sole proprietorship business, do not prepare a business plan. For those who have done so, most of them are sub-standard. Preparation of a standard business plan will help make your business successful.

A business plan is quite often the entry-level requirement to getting government money, investor capital or bank loans. Although you may have a complete picture of the business in your mind, investors and bankers need to see if you really have an understanding of the business. The business plan also provides you with a blueprint to succeeding in business. It provides you with the direction of your company and also serves as a guidepost for your employees.

The business owner’s primary job is to manage and run the business. The term “manage” implies planning and execution. The very process of business planning helps reduce risk. Successful entrepreneurship is often the ability to build a business by taking calculated risks. If you’re putting your life savings on the line or borrowing other people’s money, it is your responsibility as a business owner to not take foolish risks. The business planning process does not guarantee success, but it surely decreases the odds of failure.

The business plan has different sections which I will discuss in greater detail.

Executive Summary and Introduction

  • Write the name of the business, its principal operating address, and any other information which would inform people where your business is located
  • Identify the business ownership. Is it a sole proprietor type or is it owned by a number of directors? Include percentage of ownership for each of the directors if it is a limited liability company
  • Briefly explain the goods or services which you offer
  • Specify the market which you intend to reach and service

Vision, Mission, Objectives & Values

Vision: This is the broad goal which you want to achieve, a statement of your strategic intent – a picture of the future. For example, if your company is to provide Cloud-based internet services in Bangkok, your vision could be: “To provide the cheapest and fastest Cloud internet connectivity in Bangkok.”

Mission: A mission statement should identify the core values to which the business is committed, the core purpose of the firm, and visionary goals which the business will pursue to fulfil its mission. The mission should mirror the vision, and elaborate on what shall be done to realise the vision. Using the example above, an appropriate mission would be, “Strive to offer cheap and first quality internet connectivity by investing in the latest technology and innovation.”

Objectives: These are the pre-set goals which the company should achieve. The objectives are grouped into two categories.

I.) Short term objectives: These are the goals which the business should achieve within the first year following business commencement; and

II.) Long term objectives: These are goals which the business should achieve within five years after business commencement.

Values: These are the principles, morals and ethics which the business strives to uphold. For example, how the business is committed to customer satisfaction and how it practices a culture of excellence.

Evaluate your business statement by answering the following questions:

· Is it longer term, but still time-defined?

· Is it clear on the major benefit(s) that you seek to achieve?

· Does it provide for some method of measuring success?

· Does it omit specific references to “how” things will be done?

A good mission statement will contain the following components:

· Specify target market/s and potential customers

· Identify principal products and services

· Specify the geographic domain

· Identify core technologies

· Contain an expression of commitment to survival, growth and profitability

· State the key elements of the owner’s business philosophy

· List the company’s core values

· Identify the desired public image

An effective values statement will include:

· Approximately 5-7 core values

· Values that can be demonstrated as actions or behaviours

· Values that are aligned with business processes or people

Products & Services

  • Identify in detail all the products and services which the business offers
  • Explain how each and every product or service shall be composed and made available to the intended customers
  • Explain the use and benefits of your key products and services

Revenue Generation

This section will identify all the revenue generation activities on which the business shall capitalise to generate revenue that will sustain the business. This is evident when a professional decides to work as a freelance expert. This section is customised based on the specific products you sell or the particular services you provide. For example, a photographer who owns a studio and sells photographic materials, might list the following:

  • Camera sales
  • Picture frame sales
  • Film sales
  • Camera memory card sales
  • Photograph/Video coverage charges

Capital Cost

Capital is defined as the initial investment which you shall put into the business before you commence operation. It is also defined as assets available for use in the production of further assets, wealth in the form of money, or property owned by a person or business, and human resources of economic value.

This section includes some basic accounting, but you don’t need an accounting degree to write this. It has simple arithmetic which is easy to understand. Just list all the expenses which you expect to incur before you commence operations.

Research & Development

All businesses need to continually improve their products, services and business processes in order to anticipate and respond to the ever-changing needs of customers, especially in line with today’s technology boom. This means investing time and money into researching these needs, then developing products and services to meet them. Research and development together with the design of new and modified services will form an essential part of making your business more profitable and productive. Then you can be sure that your career as a freelancer will be successful.

Forex Education Tips – 5 Steps to Successful Forex Trading

Close to 95% of all Forex traders will lose money. We’re not just talking about novices, either. Whether you trade Forex for a living, as a hobby or just for fun, odds are against your success. That’s a simply astonishing fact. However, the remaining 5% of Forex traders somehow manage to break even and there are those lucky few that actually make money in the currency market – consistently!Like the TV show says … “How’d they do that, anyway?”That’s the million dollar questions, isn’t it? Countless books, seminars and expos have been hosted to answer this very question. That sad fact is that thousands of books have been written and countless seminars and interviews have been conducted in an attempt to answer the magic questions. The reality of the situation is that there is no magic formula; no one single Holy Grail of Forex trading.So what do the successful traders do that the rest of us have simple not comprehended. They have mastered a process of winning where they combine and customize several factor to produce consistent results. They have mastered the Process of Trading.The Process of Trading is:Strategy > Money Management > Self-MasteryHere are some simple Forex Education tips to help you master the process of forex trading:Success Tip #1 – You’ve Got To Have a PlanYou must have a written business plan that will detail all aspects of your trading. When are you going to trade, how much to risk, strategies for entries and exits are just o name a few. To become a consistent (profitable) Forex trader you have to plan your trade sand trade your plan.

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Simplicity rules! Don’t make this plan too complicated. One sheet of paper for you mission statement and another for your trading plan should suffice. Anything more is probably too complicated.Success Tip #2 – Focus on Your Personal PsychologyKnowing yourself will allow you to master the discipline necessary to execute high quality trades with solid money management techniques. Lack of discipline is fatal in Forex trading. Go on a personal journey to identify you attitudes towards risk and money. Get intimate with your strengths and weaknesses as a trader and build in to your trading plan strategies to minimize those weaknesses and maximize your strengths.Different personalities lend to different trading styles. Get familiar with all the different styles and over time you will begin to gravitate towards one particular style. Don’t fight the urge like I did. I insisted I was a day trader, but had only limited results. I found my winning percentages were much higher when I entered swing trades. Guess what’s my bread and butter strategy now!Success Tip #3 – Be Realistic About Your ExpectationsThis is a hard one, I know! I am on the internet every day and the amount of advertising is staggering. Brokers are offering free education (fox in the hen house if you ask me), forums of all different trading styles and points of view. Gurus pushing their system as “the one” that will make you the big bucks. How do you get through all that noise?Let me tell you loud and clear right now – everyone is right and everyone is wrong. You have to make a personal commitment to become a successful trader, find a trading style that works for you and expect a slow and steady approach to wealth building through Forex.What works for me may not work for you. Expect to go through an exploratory period where you are learning and at the same time exploring yourself as a trader. Keep an open mind and don’t pay attention to all the noise out there.Success Tip #4 – Exercise PatienceRome was not built in a day and neither will your trading account. In fact, I tell all of my students that while they are studying to become successful Forex traders they should not look solely at their account balance as an indication of success or failure.By tracking and increasing your percentage of high quality trades you execute is a far better barometer of your progress than your account balance. Cause and effect rule here. Over time when you increase your probabilities through the execution of high quality trades your account balance will respond accordingly.Keep the focus on the process and with time your results will blow your mind.Success Tip #5 – Money Management Is Top PriorityI would rather have a shaky strategy and excellent money management techniques than the other way around. This topic warrants its own blog post to do it justice. Limited your exposure (read “risk”) allows for you to stay in the game and allow the laws of probability to work.

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Let’s take a casino for example. They need gamblers to frequent their slot machines to make money. Why? They have a game that has a greater than 50% chance of making money for the house. The more people that play the slots, the greater the casino’s profits.The casino controls risk by payout tables (always favoring the house!) and increases their probabilities by keeping gamblers at the slot machines (read “free drinks”). As a trader you must limit your risk by committing only 1% – 3% of available capital to a single trade. When you execute enough trades with a high probability strategy you too can clean up like the casinos – but only by staying in the game long term.In conclusion, Forex trading is not easy. It’s hard work and will test the limits of your patience and perseverance. If anyone tells you otherwise .., buyers beware! It can be a very rewarding and profitable venture if done correctly. In the end it is a profession that requires a learning curve and practical experience, no different than an airline pilot or engineer. Understanding how to approach and learn this game will allow you to reap all the benefits advertised. It is your Forex Education that you will master the Process of Forex Trading.

The Energy Healing Power of Natural Medicine

Natural medicine is a system that uses a variety of therapeutic or preventive health care practices such as homeopathy, naturopathy, chiropractic, and herbal medicine. Alternative medicine is also known as traditional, naturopathic, natural or holistic medicine. Proponents of alternative medicine are not refuting the validity of discoveries in and the practical uses of conventional medicine, but are merely trying to put some things into perspective. Due to the widespread interest in natural medicine along with the disappointment and disenchantment with Western medicine, many people, especially in the United States and Europe, where conventional medicine has taken a dominant foothold, are seeking the advice and treatment from naturopathic physicians. These practitioners include herbalists, acupuncturists, naturopaths, chiropractors, and others, who advocate preventative health measures as well as recommend wholesome foods and nutritional supplements for their patients and clients. Considering the growing popularity and effectiveness of alternative health treatments and products, certified and licensed professional practitioners of such medical practices should be given their rightful and respectful place in medical society. Natural medicine has been proven not only to be safe, but more effective than Western medicine in treating many chronic illnesses such as diabetes, hypertension, asthma and many other diseases as well

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The history of Natural Medicine and its roots can be traced back thousands of years to ancient cultures such as India and China. Ayurvedic (E. Indian) and Chinese medicine, along with their diagnostic and herbal systems, are still used in these countries extensively, as well as in the United States, especially in Europe, where alternative medicine is well respected. Chinese herbal medicine has a documented history of over 2500 years in China, and is now widely used by practitioners all over the world. It has been legally practiced in the United States. since the mid seventies by licensed acupuncturists. Homeopathy is also a well-known form of alternative medicine discovered in the 18th century by German physician Samuel Hahnemann, but was practically stamped out in the U.S. in the late nineteenth century by the American Medical Association. In 1938, though, the U.S. Food, Drug, and Cosmetic Act finally recognized homeopathic pharmacopoeia as the legal equivalent of allopathic medicine.Another more contemporary and popular form of herbal medicine, called Western herbalism, can be traced back about two hundred years in America. Samuel Thomson, born in 1769, is considered the father of Western herbalism. He discovered over sixty different medically effective native plants by clinical testing, and on the basis of these findings, devised a theory of disease and botanical drug action. Randy Kidu, D.V.M., Ph.D., writes in his articled entitled A Brief History of Alternative Medicine: “The history of herbal medicine is interesting because herbs have been a part of our diet and pharmacy since man began roaming the earth. Coprophytic evidence (seeds and other plant part(found in preserved fecal pellets) points to herbal use by cavemen. Early herbalists practiced their trade since before recorded history in all parts of the world including China, Egypt, Greece, Rome, Africa, England, the Americas, and Europe. Many herbs are also mentioned in the Bible. Today, based on sheer numbers of folks who use one form of herbal medicine or another, it remains the most-used medicine worldwide.”Twenty-five hundred years after the advent of allopathic medicine, modern medicine is still grappling with the idea that herbal medicine could be an effective treatment, and not just quackery, although thousands of years of recorded history has proved its efficacy. A new model of understanding in medicine needs to be incorporated into the existing allopathic model. Because of the growing popularity and effectiveness of natural medicine, practitioners may eventually be given their deserved place in medical society. The incorporation of natural medical practices into the existing model of conventional Western medicine, including the training of new medical doctors, is now called Complimentary Medicine. In order to solve our health problems, this modern paradigm for treatment in medicine must be promoted. This can only truly emerge when bias, self-interest, greed and discrimination is discarded and diverse medical knowledge is promoted and shared, not only between university trained scientists and medical doctors, but among Alternative Medicine practitioners, philosophers, metaphysicians, and other intelligentsia of society as well.

Skip The Lines – Bring The Amusement Park Right To Your Own Back Yard

There’s no shortage of things to do in Atlanta. From professional sports to amusement parks, there’s something for everyone. In fact, Atlanta is proud to house some of the nations largest amusement attractions, including the ever popular Six Flags Over Georgia. Children (and adults) love the thrill and adrenaline rush of the large roller coasters. However, one thing most people don’t like about amusement parks is the long lines. By the time it’s all said and done, you can spend several hundred dollars for your family to have an afternoon of fun, and only get a few rides in. This year, instead of spending the day waiting in long lines for short rides, why not bring the fun right to your back yard? With today’s technology, you can literally do just that! One of the advantages of living in a large city like Atlanta is that we have large rental companies that can make your special event feel just like a trip to Six Flags… complete with a train and an ice cream cart!

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If you’re trying to replicate the amusement park feel, there are definitely specific items that you’ll want to be on the lookout for. As mentioned previously, ice cream carts and trackless trains help make the special event feel more like a day at Six Flags.In order to make your next special event more special, try some of the following tips:

Head online to do some research on the party rental company that has the selection your looking for. If you want an ice cream cart to complete your theme park adventure, look around until you find what you’re looking for.

Don’t settle for the first website you see. There are literally hundreds of inflatable party rental companies in Atlanta. Keep looking for a website that offers a wide variety of rental items that you’re looking for.

It’s better to rent everything from one company. Renting in bulk can help you save money. Larger companies will offer discounts for larger purchases of multiple units and rental items.

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Having a day of amusement park fun is cheaper and easier than ever before. By bringing the amusement park to your front door by using a party rental industry, you can include more people at a lower price. So next time you’re planning a special day, instead of spending tons of money for just a few people and braving the long lines of amusement parks, invite the whole neighborhood and bring the amusement park right to your own back yard!