Archive for the ‘Entrepreneurship’ Category

How to Start an Online Business: 11,520 Free Resources for the Internet Entrepreneur

This 40 page guide is a massive (11,520 to be precise) compilation of free to access resources on how to start an online business. These internet resources take the form of tips, tricks, tools, techniques, advice, tutorials, tests, blog posts, articles and guides.

The guide takes you through different phases of starting an online business, right from generating a business idea to implementing and marketing it and later growing your business. To best of my author’s knowledge, no other guide contains such a huge list of resources and is so comprehensive that everyone (from newbies to professionals) is going to find something useful in it.

In detail, this guide contains:

  • 4113 Ideas for an Online Business: From affiliate marketing to blogging to freelancing to ebook creation to selling on Ebay. Every single money making idea is in this guide.
  • 3619 Ways to Market Your Business: SEO, SEM, Social Media Marketing, Viral Marketing, Link Building, Email Marketing, Viral Marketing. Every buzzword is there in the guide.
  • 200+ resources in Videos and Podcasts: Learn startup secrets from the veterans, Stanford professors, business gurus and startup founders.
  • 1514 Resources in Blogging: 101 blog posting ideas to 101 ways to monetize your blog to 100 resources bloggers can’t live without to 99 ways to promote your blog for free, this guide has it all.
  • 1933 Resources in Freelancing: All the best tools that a freelancer needs, all the ways a freelancer can attract more clients and a list of niche job boards for freelancers.
  • 792 Resources for Small Business General Internet Marketing: Heard of Guerrilla Marketing? Know 101 ways to market your small business? This guide will give you the answers.
  • 173 Ways to Grow Your Business Online: Already established your online business? Know different ways you can grow it into an empire.
  • 451 resources to Maintain Work Life Balance: Who says you can’t enjoy life as an entrepreneur. Sure, you can. And, this guide will show you how.
  • 513 Tips for an internet entrepreneur: From 100 ways to be a better entrepreneur to 15 blunders rookie freelancers make. These are the tips which you can’t simply afford NOT to know about.

Download this free Ebook here.

10 Business Success Tips for Young Entrepreneurs

Some of the world’s most famous and profitable businesses were started by students. Microsoft began in Bill Gates’ Harvard dorm room, Google got its start on the Stanford campus as the computer science project of doctoral students Sergey Brin and Larry Page and thousands of other student companies thrive in every industry.

Even if you’re not aiming to be another Bill Gates – maybe you just want to earn some extra cash with a summer landscaping business – you’ll have to navigate some unique challenges as a young entrepreneur testing the business waters. Here are 10 success tips for young entrepreneurs.

1. Do what you love.

All successful teen businesses have one factor in common: Their owners love what they do – so choose a small business idea that aligns with your interests, no matter what they are.

2. Know what you want.

Are you willing to leave school if your business takes off? Or do you envision your business as a side project? Being able to answer questions like these will help you organize your time and priorities.

3. Be radical…

In your late teens and early 20s, your thinking is fresh, original and full of energy. Don’t be afraid to try something no one’s ever done, create an off-the-wall product or shake up an existing market by changing factors (such as a service or delivery model) that established companies take for granted.

4. … but follow the rules.

Being a young entrepreneur doesn’t exempt you from registering your business, keeping records and paying taxes. Following these simple rules now will save you from legal and administrative headaches later.

5. Manage your time.

Running a business while going to school is stressful and difficult. Understand what is required of you in your separate roles as a student and a business owner, and employ planning and organizational tools – for example, a well-maintained appointment book, Microsoft Outlook or an online time/project management system – to make the most of your time.

6. Use school resources.

Being a student isn’t a handicap in business; on the contrary, it can be an advantage. Your campus offers free computers and Internet connectivity, a host of potential employees and/or volunteers and the expertise of professors who would be happy to share their knowledge and experience with you. You’re literally surrounded by people and resources, so make the most of your situation.

7. Find a mentor.

Buddy up with a local entrepreneur or business leader with a record of achievement to be your small business mentor. Your mentor will help you understand the risks and challenges of business, provide a sounding board for your ideas and help you find investors for your company.

8. Exploit online resources.

Your computer can connect you to hundreds of online resources for young entrepreneurs. Immerse yourself in these resources; they’ll help to inspire, direct and motivate you.

9. Be good to yourself.

Regardless of how organized and enthusiastic you are, some days will overwhelm you. Don’t be afraid to step back from work and do whatever relaxes you. Whether it’s the endorphin rush of exercise, the lively company of good friends or a quiet day of meditation on the beach, take advantage of opportunities to invigorate yourself and balance your responsibilities with relaxation.

10. Check your mentality.

One of the problems that can afflict young entrepreneurs is a mental block against, as Nike might say, just doing it. We’ve all been raised on stories of Internet billionaires, wealthy young actors and other tales of spectacular overnight success. Knowing how well other people have done in business and how quickly they’ve scaled the mountain is demotivating. It can make some young entrepreneurs lose confidence and feel as if they don’t want to get started on a business unless it’s going to be the next YouTube.

This is a self-defeating mentality. Combat it by reminding yourself that you’re not competing against anyone but yourself. Do whatever it is that you can do today, whether that means tutoring, designing T-shirts or building online communities. The important thing is to get your feet wet – not to take over the business world.

The bottom line is that your student days are ripe with entrepreneurship opportunities. You may never again have the energy, resources or motivation to start your business, so get to work.

21 Success Tips for Young and Aspiring Entrepreneurs

Being successful often means learning from those who have already achieved their goals. Having a mentor is an amazing blessing to an entrepreneur, but not everyone can find one in person.

If you haven’t yet found your personal business guru, here are 21 tips for young or aspiring entrepreneur to help get you started.

1. Challenge yourself.

Richard Branson says his biggest motivation is to keep challenging himself. He treats life like one long university education, where he can learn more every day. You can too!

2. Do work you care about.

There’s no doubt that running a business take a lot of time. Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in.

3. Take the risk.

We never know the outcome of our efforts unless we actually do it. Jeff Bezos said it helped to know that he wouldn’t regret failure, but he would regret not trying.

4. Believe in yourself.

As Henry Ford famously said, “Whether you think you can, or think you can’t, you’re right.” Believe that you can succeed, and you’ll find ways through different obstacles. If you don’t, you’ll just find excuses.

5. Have a vision.

The founder and CEO of Tumblr, David Karp, notes that an entrepreneur is someone who has a vision for something and a desire to create it. Keep your vision clear at all times.

6. Find good people.

Who you’re with is who you become. Reid Hoffman, co-founder of LinkedIn, noted that the fastest way to change yourself is to hang out with people who are already the way you want to be.

7. Face your fears.

Overcoming fear isn’t easy, but it must be done. Arianna Huffington once said that she found fearlessness was like a muscle — the more she exercised it, the stronger it became.

8. Take action.

The world is full of great ideas, but success only comes through action. Walt Disney once said that the easiest way to get started is to quit talking and start doing. That’s true for your success as well.

9. Do the time.

No one succeeds immediately, and everyone was once a beginner. As Steve Jobs wisely noted, “if you look closely, most overnight successes took a long time.” Don’t be afraid to invest time in your company.

10. Manage energy, not time.

Your energy limits what you can do with your time, so manage it wisely.

11. Build a great team.

No one succeeds in business alone, and those who try will lose to a great team every time. Build your own great team to bolster your success.

12. Hire character.

As you build your team, hire for character and values. You can always train someone on skills, but you can’t make someone’s values fit your company after the fact.

13. Plan for raising capital.

Richard Harroch, a venture capitalist, has this advice for upcoming entrepreneurs: “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.”

14. Know your goals.

Ryan Allis, co-founder of iContact, pointed out that having the end in mind every day ensures you’re working toward it. Set goals and remind yourself of them each day.

15. Learn from mistakes.

Many entrepreneurs point to mistakes as being their best teacher. When you learn from your mistakes, you move closer to success — even though you initially failed.

16. Know your customer.

Dave Thomas, the founder of Wendy’s, cited knowing your customer as one of his three keys to success. Know those you serve better than anyone else, and you’ll be able to deliver the solutions they need.

17. Learn from complaints.

Bill Gates once said that your most unhappy customers are your greatest source of learning. Let unhappy customers teach you where the holes in your service are.

18. Ask for customers’ input.

Assuming what customers want or need will never lead to success. You must ask them directly, and then carefully listen to what they say.

19. Spend wisely.

When you spend money on your business, be careful to spend it wisely. It’s easy to spend too much on foolish things and run out of capital too soon.

20. Understand your industry.

Tony Hsieh, the founder of Zappos, once said, “Don’t play games you don’t understand, even if you see lots of other people making money from them.” Truly understanding your industry is key to having success.

21. Deliver more than expected.

Google’s Larry Page encourages entrepreneurs to deliver more than customers expect. It’s a great way to get noticed in your industry and build a loyal following of advocates.

Being a successful entrepreneur takes a lot of work, a lot of vision and a lot of perseverance. These 21 tips, from entrepreneurs who have already found success, will help you navigate the path much more easily.

5 Fast-Growing Industries Ripe for Entrepreneurs

When you’re thinking about starting a business, think first which industries have sustainable momentum. No venture is a sure thing, but if you start your business in an industry with a strong positive trend behind it, you’re starting on an easier road. Instead of fighting your competitors tooth-and-nail for a limited or dwindling pool of customers, you will benefit from a rising tide of revenue as the market opens up.

Here are my picks, in no particular order, for the top five industries for startups.

1. Green building. Demand is finally coming back in the construction industry, and it’s coming back green. By 2016, more than half of all commercial and institutional construction will be environmentally sustainable, energy efficient or both. Green residential projects are on the rise as well. Abundant government subsidies and tax cuts for green building doesn’t hurt, either. IBISWorld projects 23% annual growth in the green building industry.

2. Corporate health and wellness. Every week I hear about another company bringing a yoga class in-house or sponsoring gym memberships for employees. It’s more than just anecdotal: 45% of employers offered wellness programs to their employees, up from less than 30% five years before. The corporate health and wellness industry is expected to grow at an annual rate of almost 10%.

As more corporations jump on the wellness bandwagon to save on health care and boost morale, businesses offering health screenings, health education, nutrition and fitness services to corporations may have as many customers as they can handle. For an interesting example, take a look at Every Move.

3. Translation services. With more than 7,000 languages spoken worldwide and more companies expanding into global markets, translation services are increasingly in demand for  advertising, packaging, social media, terms of service, you name it.

Some translation is done with machine intelligence but this is still a high-touch business with many levels of quality control required for sensitive material like medical equipment or to just avoid an embarrassing mistake in the marketing copy. The Bureau of Labor Statistics projects 42% growth for the translation industry by 2020 compared to 2010.

4. Education software. The industry has been resistant to change but, with the growing concern over America’s education crisis, it’s only a matter of time before new ideas start to make inroads here. Early education is especially ready to take off. The education software market for pre-kindergarten grew from nothing in 2010 to $14 million this year.

The entire digital education market globally is expected to grow 20.3% annually. Think real-time personalization of lesson plans, gamification of learning and more accurate tracking of student progress, just for starters.

5. Digital forensics. As we store more and more of our personal and business information digitally, demand is growing for companies that can find that information when it gets lost or stolen by a hacker. There are businesses that specialize in retrieving information from devices and networks, and others that specialize in tracking down cyber criminals by following their digital fingerprints. The digital security industry has been growing at almost 14% annually. With the Heartbleed bug making security a hot topic again, expect it to grow even faster from here on out.

10 Business Success Tips for Young Entrepreneurs

Some of the world’s most famous and profitable businesses were started by students. Microsoft began in Bill Gates’ Harvard dorm room, Google got its start on the Stanford campus as the computer science project of doctoral students Sergey Brin and Larry Page and thousands of other student companies thrive in every industry.

Even if you’re not aiming to be another Bill Gates – maybe you just want to earn some extra cash with a summer landscaping business – you’ll have to navigate some unique challenges as a young entrepreneur testing the business waters. Here are 10 success tips for young entrepreneurs.

1. Do what you love.

All successful teen businesses have one factor in common: Their owners love what they do – so choose a small business idea that aligns with your interests, no matter what they are.

2. Know what you want.

Are you willing to leave school if your business takes off? Or do you envision your business as a side project? Being able to answer questions like these will help you organize your time and priorities.

3. Be radical…

In your late teens and early 20s, your thinking is fresh, original and full of energy. Don’t be afraid to try something no one’s ever done, create an off-the-wall product or shake up an existing market by changing factors (such as a service or delivery model) that established companies take for granted.

4. … but follow the rules.

Being a young entrepreneur doesn’t exempt you from registering your business, keeping records and paying taxes. Following these simple rules now will save you from legal and administrative headaches later.

5. Manage your time.

Running a business while going to school is stressful and difficult. Understand what is required of you in your separate roles as a student and a business owner, and employ planning and organizational tools – for example, a well-maintained appointment book, Microsoft Outlook or an online time/project management system – to make the most of your time.

6. Use school resources.

Being a student isn’t a handicap in business; on the contrary, it can be an advantage. Your campus offers free computers and Internet connectivity, a host of potential employees and/or volunteers and the expertise of professors who would be happy to share their knowledge and experience with you. You’re literally surrounded by people and resources, so make the most of your situation.

7. Find a mentor.

Buddy up with a local entrepreneur or business leader with a record of achievement to be your small business mentor. Your mentor will help you understand the risks and challenges of business, provide a sounding board for your ideas and help you find investors for your company.

8. Exploit online resources.

Your computer can connect you to hundreds of online resources for young entrepreneurs. Immerse yourself in these resources; they’ll help to inspire, direct and motivate you.

9. Be good to yourself.

Regardless of how organized and enthusiastic you are, some days will overwhelm you. Don’t be afraid to step back from work and do whatever relaxes you. Whether it’s the endorphin rush of exercise, the lively company of good friends or a quiet day of meditation on the beach, take advantage of opportunities to invigorate yourself and balance your responsibilities with relaxation.

10. Check your mentality.

One of the problems that can afflict young entrepreneurs is a mental block against, as Nike might say, just doing it. We’ve all been raised on stories of Internet billionaires, wealthy young actors and other tales of spectacular overnight success. Knowing how well other people have done in business and how quickly they’ve scaled the mountain is demotivating. It can make some young entrepreneurs lose confidence and feel as if they don’t want to get started on a business unless it’s going to be the next YouTube.

This is a self-defeating mentality. Combat it by reminding yourself that you’re not competing against anyone but yourself. Do whatever it is that you can do today, whether that means tutoring, designing T-shirts or building online communities. The important thing is to get your feet wet – not to take over the business world.

The bottom line is that your student days are ripe with entrepreneurship opportunities. You may never again have the energy, resources or motivation to start your business, so get to work.

21 Success Tips for Young and Aspiring Entrepreneurs

Being successful often means learning from those who have already achieved their goals. Having a mentor is an amazing blessing to an entrepreneur, but not everyone can find one in person.

If you haven’t yet found your personal business guru, here are 21 tips for young or aspiring entrepreneur to help get you started.

1. Challenge yourself.

Richard Branson says his biggest motivation is to keep challenging himself. He treats life like one long university education, where he can learn more every day. You can too!

2. Do work you care about.

There’s no doubt that running a business take a lot of time. Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in.

3. Take the risk.

We never know the outcome of our efforts unless we actually do it. Jeff Bezos said it helped to know that he wouldn’t regret failure, but he would regret not trying.

4. Believe in yourself.

As Henry Ford famously said, “Whether you think you can, or think you can’t, you’re right.” Believe that you can succeed, and you’ll find ways through different obstacles. If you don’t, you’ll just find excuses.

5. Have a vision.

The founder and CEO of Tumblr, David Karp, notes that an entrepreneur is someone who has a vision for something and a desire to create it. Keep your vision clear at all times.

6. Find good people.

Who you’re with is who you become. Reid Hoffman, co-founder of LinkedIn, noted that the fastest way to change yourself is to hang out with people who are already the way you want to be.

7. Face your fears.

Overcoming fear isn’t easy, but it must be done. Arianna Huffington once said that she found fearlessness was like a muscle — the more she exercised it, the stronger it became.

8. Take action.

The world is full of great ideas, but success only comes through action. Walt Disney once said that the easiest way to get started is to quit talking and start doing. That’s true for your success as well.

9. Do the time.

No one succeeds immediately, and everyone was once a beginner. As Steve Jobs wisely noted, “if you look closely, most overnight successes took a long time.” Don’t be afraid to invest time in your company.

10. Manage energy, not time.

Your energy limits what you can do with your time, so manage it wisely.

11. Build a great team.

No one succeeds in business alone, and those who try will lose to a great team every time. Build your own great team to bolster your success.

12. Hire character.

As you build your team, hire for character and values. You can always train someone on skills, but you can’t make someone’s values fit your company after the fact.

13. Plan for raising capital.

Richard Harroch, a venture capitalist, has this advice for upcoming entrepreneurs: “It’s almost always harder to raise capital than you thought it would be, and it always takes longer. So plan for that.”

14. Know your goals.

Ryan Allis, co-founder of iContact, pointed out that having the end in mind every day ensures you’re working toward it. Set goals and remind yourself of them each day.

15. Learn from mistakes.

Many entrepreneurs point to mistakes as being their best teacher. When you learn from your mistakes, you move closer to success — even though you initially failed.

16. Know your customer.

Dave Thomas, the founder of Wendy’s, cited knowing your customer as one of his three keys to success. Know those you serve better than anyone else, and you’ll be able to deliver the solutions they need.

17. Learn from complaints.

Bill Gates once said that your most unhappy customers are your greatest source of learning. Let unhappy customers teach you where the holes in your service are.

18. Ask for customers’ input.

Assuming what customers want or need will never lead to success. You must ask them directly, and then carefully listen to what they say.

19. Spend wisely.

When you spend money on your business, be careful to spend it wisely. It’s easy to spend too much on foolish things and run out of capital too soon.

20. Understand your industry.

Tony Hsieh, the founder of Zappos, once said, “Don’t play games you don’t understand, even if you see lots of other people making money from them.” Truly understanding your industry is key to having success.

21. Deliver more than expected.

Google’s Larry Page encourages entrepreneurs to deliver more than customers expect. It’s a great way to get noticed in your industry and build a loyal following of advocates.

Being a successful entrepreneur takes a lot of work, a lot of vision and a lot of perseverance. These 21 tips, from entrepreneurs who have already found success, will help you navigate the path much more easily.

5 Fast-Growing Industries Ripe for Entrepreneurs

When you’re thinking about starting a business, think first which industries have sustainable momentum. No venture is a sure thing, but if you start your business in an industry with a strong positive trend behind it, you’re starting on an easier road. Instead of fighting your competitors tooth-and-nail for a limited or dwindling pool of customers, you will benefit from a rising tide of revenue as the market opens up.

Here are my picks, in no particular order, for the top five industries for startups.

1. Green building. Demand is finally coming back in the construction industry, and it’s coming back green. By 2016, more than half of all commercial and institutional construction will be environmentally sustainable, energy efficient or both. Green residential projects are on the rise as well. Abundant government subsidies and tax cuts for green building doesn’t hurt, either. IBISWorld projects 23% annual growth in the green building industry.

2. Corporate health and wellness. Every week I hear about another company bringing a yoga class in-house or sponsoring gym memberships for employees. It’s more than just anecdotal: 45% of employers offered wellness programs to their employees, up from less than 30% five years before. The corporate health and wellness industry is expected to grow at an annual rate of almost 10%.

As more corporations jump on the wellness bandwagon to save on health care and boost morale, businesses offering health screenings, health education, nutrition and fitness services to corporations may have as many customers as they can handle. For an interesting example, take a look at Every Move.

3. Translation services. With more than 7,000 languages spoken worldwide and more companies expanding into global markets, translation services are increasingly in demand for  advertising, packaging, social media, terms of service, you name it.

Some translation is done with machine intelligence but this is still a high-touch business with many levels of quality control required for sensitive material like medical equipment or to just avoid an embarrassing mistake in the marketing copy. The Bureau of Labor Statistics projects 42% growth for the translation industry by 2020 compared to 2010.

4. Education software. The industry has been resistant to change but, with the growing concern over America’s education crisis, it’s only a matter of time before new ideas start to make inroads here. Early education is especially ready to take off. The education software market for pre-kindergarten grew from nothing in 2010 to $14 million this year.

The entire digital education market globally is expected to grow 20.3% annually. Think real-time personalization of lesson plans, gamification of learning and more accurate tracking of student progress, just for starters.

5. Digital forensics. As we store more and more of our personal and business information digitally, demand is growing for companies that can find that information when it gets lost or stolen by a hacker. There are businesses that specialize in retrieving information from devices and networks, and others that specialize in tracking down cyber criminals by following their digital fingerprints. The digital security industry has been growing at almost 14% annually. With the Heartbleed bug making security a hot topic again, expect it to grow even faster from here on out.

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