Naz Daud asked:


At first all new businesses start of as an idea. How do you turn this idea into a profitable opportunity? When the idea grips you so much, that you wake up in the middle of the night and hurriedly scribble down some notes, what do you do next? Some of the best business ideas I have had have come at night but usually they are so bold that most of them end up in the “ideas box”.

What is the procedure to follow when a revelation occurs usually late Friday night, early Saturday morning?

Business Idea…

Now that you have an idea for a new business, how realistic is it? Does it still sound interesting in the cold light of the day? Does it fit into your lifestyle? Can you dedicate the time and effort required to do the next step…

Opportunity Planning…

Now that you have decided to take your business idea to the next level, break down each stage into manageable chunks. To turn your idea into a profitable opportunity, create a plan for each “chunk” and allocate time and resources to it. Your plan doesn’t have to be extremely complicated. You can deal with hurdles as they arise. This now leads to…

Action

Set a deadline for each section and congratulate yourself every time a milestone is reached in the new business. Acting on your plans makes them more real and each time you achieve a part of your plan, it will make you stronger for the next step. This takes us to the next step…

Culmination

When you have taken an idea from just a thought, to planning, then action and eventually to business success, you have to take a step back and think about why you started it in the first place. Take some time off and recognise your achievement. Make sure that you celebrate your success… don’t miss out on the fun!

Summary

It is not good enough to have a good business idea if you never take it to the planning stage. Once you have written down the road map, then you have to act on it. Once you achieve your business goals in your new opportunity, then surely you must give yourself a pat on the back and celebrate.

Looking at the above model, business idea… opportunity planning… action… culmination, which area are you strong in and which part tends to let you down? Now is the time to get the right person to help you in the area you are weakest!

Rami Doleh asked:


We often receive e-mails about the best business online ever created and if we don’t seize the opportunity right away we are basically not worth to be in the industry. Therefore, every single opportunity that we receive is the best business online. Many of us have actually believed such claims and tried some of these so called opportunities. If we want to look at the bright side we would say that the lost money is the price we are paying to gain more experience. Some would say that those claims were just hype.

The question that forces itself to be asked here would be; is there such a thing called the best business online? If so, what are the criteria that would make a business better than another, and therefore, what makes a business to be the best business online?

All questions will have to be answered only if the answer to the first question was positive. If the answer to the first question was negative then we don’t need to bother about answering the remaining questions.

In short, I don’t believe that there is such a thing as the best business online. Let’s take a look at the offline marketplace. A good business idea depends on factors such as competition in the industry in question, market size?etc. But we don’t see a huge industry in the offline marketplace that basically concentrates on building a downline. The offline marketplace concentrates on producing and selling products and services.

Business Online went astray from the concept and concentrated on building organizations of marketers without paying any attention to products and services. It went to the point that people are paying money for absolutely nothing. Business online should get back to the main track of producing and selling.

The beautiful thing about establishing a business online, is that you can create any business you want either with your own products/services or other people’s. The trick in online business is visibility and how to make your target market find you without you having to spend a fortune. This is of course the quest of every person who has a business online, but it is not the purpose of this article.

Therefore, similar to the fact that the best business offline does not exist, the best business online is a myth. It is an illusion that will lead any one who is interested in creating a business online to fail before even starting.

All that has been said about the best business online should not be confused with business opportunities that exist in the online marketplace. Similar to the offline marketplace, the online marketplace is full of opportunities. The purpose of this article is to show that there is nothing called “The best business online,” but it will be a huge mistake to interpret this article as trying to show that there are no opportunities in the online business marketplace. There are actually sites dedicated to helping people find the best business online that would suit their skills, needs, interests.

What we are trying to show in this article that there is no such thing as the best business online in absolute terms. Such a term is only used for hype and has no real substance in it. Therefore, so as to have an objective eye when studying opportunities online, try to classify those opportunities in the following manner:

1- A hyped message with a hyped opportunity

2- A hyped message with a sound opportunity

3- A sound message with hyped opportunity

4- A sound message with a sound opportunity

It is obvious that the advice would be not to even consider the first type. The second type is very tricky as you need to strip all the hype from the message to realize that the copywriter made a huge mistake by hyping the message while the opportunity is solid enough to sell itself.

The third business online type is also tricky, usually it is marketed by someone new in the online business, who is genuine but believed the hyped claims of the first type and now he/she is trying to market it.

The fourth is a business that we should consider seriously. I said consider and not jump into it because we need to study if it suits our skills, needs, aspirations, interests?etc.

Finally, the best business online does not exist in absolute terms. It becomes as such only if it fits you and you were able to reap its benefits because you have the skills to do so.

freddy ngiam asked:




Leadership is the most sort after trait for people who are engaged any kind of a business venture. It doesn?t matter if it is a home based business or the regular office based business. Leadership must be shown for the business to take off and prosper. Sound business decisions must be made-this is only possible through good business leadership. In fact, leadership translates to achieving of all our business objectives through strategies which are neither complex nor controversial. These strategies must also be affordable. All those people who deliver in a smooth way are the true leaders. For a home based business to prosper, a person must show tried leadership abilities. These properties must be shown even before starting the home based business; otherwise it will be foolish to engage in any business venture if you can?t take the lead.

One thing about the leaders, they are the people who believes in collective responsibilities. Business leadership requires a broader understanding of what people or clients really wants. You zero in on this to make a business killing. This is also what is known as good business acumen. This is what is required for any person who wants to engage in any home based business. Before starting, you should be able ask yourself, is what I ?m doing really what people wants? Is the service I?m offering the right type for the people I?m offering to? Anyway, leadership skills and traits have been examined and conclusively tagged as very unique.

Before you quit your present job to engage in a home based business you should have realized that your boss is really fond of your ability to collectively work with your departmental leadership in a participatory way. This is what is going to make your new business to take off. Without being able to participate in collective activities, your home based business is doomed to fail. The ability for your business to prosper depends on how you are going to deal with your clients, thus you must take the leadership helm to show you know what you are doing.

Thus it is of a paramount importance to understand leadership before you engage in any business. In fact, it is almost structural. Business or any leadership has various contexts. A leader could be a leader by default while another has attained leadership through promotions to a managerial position. The general outcome of a leadership is inversely proportional to both business growth and employee productivity. Bad leaders compel bad results, unhealthy working environment and unproductive employees. Good leadership inspires business growth, this does not matter if it is a home-based business or a corporate business, the results are the same, poor or good.

Bad leadership has brought many a businesses to their knees. It has caused millions of money to go to the drain due to mismanagement. Good leadership has constantly brought about rapid change in the face of many business enterprises. Business organizations with good leaders, report in huge profits while the opposite is often true. A good leader listens and participates in all business undertaking with their employees or clients. Furthermore, leadership is not about imposing or instilling fear in employees rather it is all about bringing and instilling hope, passion and the best aspects in everyone they come into contact with. What I am saying is- leadership is not a one man show but a collective, participatory and responsible undertaking to the benefit of any organization. This is also the key to a successive home based business. One should learn to participate in what they preach or engage themselves in. Doing this will see you safely on the sunny side of business life.