Wednesday, July 30, 2008

start business without investment


Let's start the issue with why business is bettar then doing job. Some people say job is meant for 'just obay the boss' Half of your time dedicated to your employer or company for growing their business & take little or more salary at the end of month, that's enough, our salary becomes our life . One day I deeply thought why should we do business, the answer came to earn more money. Then the question raised, why more money ? answer came-to live life the way we want, to get the freedom to enjoy the life, to get free time to do work or activity we love. Then another great question raised in my mind, after getting the money or wealth, prospority then what next? what is the meaning of life? answer- passion for new,better,more comfortable& different.This attitude was the anchor to devolop the man from jungle world to todays hi-fi world. So, do the business, earn more money,enjoy life.

HOW CAN ORDINARY EMPLOYEE SURVIVE ?

But sir, are you asking me to quit my job and junp into businee ? what about my family ? No, I never ask you to quit the job . Do your job properly, but start part time businee, try any money making activity, try online business without investment, try google adsence programme that is free, join affiliate programme, do any thing that gives you income legally. Most important thing is after getting regular income stream, invest some portion of your income(50% approx) for your future. Because that investment automatically grows,and gives you regular extra income in long term.Wituout investment nobody can grow or financialyy free. Invest in right asset class, for example buying a house without borrowing can grow in value and can give you regular lifelong income , investment in mutualfunds can grow manifolds over the long term(15-20 years).

I am in the process of creating an Internet Business. Of course, my goal is for it to be successful. As with any business in the development stage, the first thing I need to do is develop a business model. The reason I need to do this first is that it describes the way in which my company makes money. After developing the model, I will have a map of what I need to do to be profitable. Developing a business model is critical. Because I am in the process of developing my own model, I thought it might be beneficial to other internet entrepreneurs if we work through the process together.One of the best generic business models I have ever run across is the B-I Triangle, developed by Robert Kiyosaki with Sharon Lechter, introduced in “Rich Dad’s Guide to Investing” and explained very clearly in “Rich Dad’s Before You Quit your Job”. I highly recommend that every entrepreneur read “Before You Quit Your Job”, even if you have already quit. The reason the B-I Triangle is such a good business model is that the authors present the model in a very elegant, yet simple graphic that is easy to understand and remember. The model has five jobs that are required for success. These five jobs of a business are held together in a framework of a successful business.The five jobs are product, legal, systems, communications, and cash flow. The framework holding the five jobs together are Mission, Leadership, and Team. Each one of these aspects of your business needs to be fully developed to create a truly successful business.The remainder of this article briefly defines the aspects of the B-I Triangle in general terms to set the stage for the future articles. First listed are the five jobs of this business model. They are:Product –Whatever you are offering your customer.Legal – Includes multiple aspects of your business, beginning with the right entity structure for your business. You also need to remember other aspects of your business require legal support as well including copyrighting, partnerships, licensing, etc., just to name a few.Systems – Business structure required to support your company.Communications – Required to reach your customers. Also necessary for partners, investors, employees, vendors, and other people involved, even superficially, with your business venture.Cash flow – The meat of the matter. Without positive cash flow your business will collapse.The framework that holds your entire business together consists of Mission, Leadership, and Team.Mission – The true purpose of your companyTeam – People who support the purpose of your company and the jobs necessary for success.Leadership – Multiple jobs including defining the company’s mission, creating the team, keeping the company strong, growing the company, etc.This article is the first of in a series of nine articles designed to work through the eight aspects of business model as they relate to creating a successful internet business. I am writing these articles to help me develop my business model. Let’s work together and by the end of the series of articles, we both will have developed a model for many successful years of business.

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