Arhive for April, 2009
30 April, 2009 at 12:57 pm
On 31st March, 2009, China’s Securities Regulatory Commission issued Provisional Measures for the Administration of the Stock Issuance in the Growth Enterprise Market for the First Time and put into practice on 1st May, which means the growth enterprise market prepared with more than ten years is expected to open officially on 1st May, 2009.
According to the measures, the enterprises willing to listed in the growth enterprise market should be the stock limited companies set up legally with more than three years’ operation successively and gaining profits in recent two years and the net profits no less than 10 million Yuan (1.46 million USD) in recent two years, which kept rising; or the company should gain profits in recent one year with the net profits no less than 5 million Yuan (730 thousand USD), the operation revenues no less than 50 million Yuan (7.3 million USD) and the growth rate of the operation revenues no less than 30% in recent two years. After the issuance, the total amounts of the capital stocks are no less than 30 million Yuan (4.38 million USD).
The growth enterprise market, also known as the second board market, namely, the second stock exchange market, refers to the securities exchange market engaged in providing the financing channels and the development space for the medium, small and new born enterprises except that in the main board market. Most companies listed in the growth enterprise market are specialized in the hi-tech businesses with high development potential but short time in operation and small in scale without outstanding business achievements. The growth enterprise market is favorable for the potential medium and small enterprises to gain more funds and effective supplement to the main board market, occupying an important position in the capital market. Therefore, familiarly speaking, the growth enterprise market is a stock market with low entry, high ventures and strictly supervision and also the cradle of breeding the scientific and growing enterprises.
The growth enterprise market, started in 1970s in America and sprang up in the 1990s, is the outcome of all over the world engaging in supporting the start-up enterprises and creativity. American Nasdaq Stock Market, breeding a batch of world top 500 enterprises like Microsoft, is regarded as the synonym of the growth enterprise market. With more than 30-year probation and practice, the growth enterprise market is playing more and more important role in propelling industrial upgrade and promoting the scientific creativity at present all over the world. After the severe test of the Internet bubble breakdown in 2000, the growth enterprise market was again widely accepted and step into the new development period. By the end of 2007, more than 40 growth enterprise markets were in operation in the world covering the major international real economy subjects and the concentrated industrial areas.
In China, developing the growth enterprise market is to provide more convenient fund channels for the medium and small enterprises and build normal exit systems for the venture capitals. The establishment of the growth enterprise market will further perfect the level of the capital market and optimize the structure of the capital market, favorable to the healthy development of Chinese capital market from long run, which is also an important measure to adjust Chinese industrial structure and propel the economic reforms.
In accordance with the revealed provisional measures, there are three large differences between Chinese growth enterprise market and the main broad market. The growth enterprise market requests the proposed list companies of profiting for successive two years with the total amounts no less than 10 million Yuan (1.46 million USD); but the main board market requests the companies of profiting for successive three years with the total amounts no less than 30 million Yuan (4.38 million USD). The growth enterprise market demands the operation revenues of the companies no less than 50 million Yuan (7.3 million USD) in recent one year with the growth rate no less than 30% in recent two years; but the main board market demands the operation revenues of the companies no less than 300 million Yuan in recent three years. It is obvious that the entry conditions of the growth enterprise market are lower than the main board market. But in consideration of the venture controlling, the conditions are high than the overseas growth enterprise market. Second, the requirement of the issuance scale is low. The growth enterprise market requests the total capital stocks no less than 30 million Yuan (4.38 million USD), but the lowest requirement of the main board market is no less than 50 million Yuan (7.3 million USD). Third, the requirement of the investors is high. Although the related detailed rules and regulations have not been issued, it is said in the measures that the growth enterprise market should set up the entry systems in conjunction with the investors’ risk tolerance and point out the investment risks adequately. It is predicted that the growth enterprise market will be stricter in the field of the capital conditions and up and down limit than the main board market. Besides, in order to avoid the companies taking the growth enterprise market as the investment paradise, the management hierarchy set up the management commission in the growth enterprise market to supervise the information reveal and the exit systems, also different from the main board market.
There is also difference between the growth enterprise market and the minor enterprise board. The companies in the minor enterprises board are the small–cap stocks. The minor enterprise board orientates to the mature minor enterprises, which can be developed larger and in scale. But the growth enterprise market is an independent one, orientating to the creative and fast development enterprises. The listed standards and conditions of the growth enterprise market are also lower than the minor enterprise board.
Chinese growth enterprise market faces high market risks. The listed companies in the growth enterprise market are small in scale, hard to evaluate the market value and low stability in the value results. The massive stock exchange behavior could lead to the great fluctuation of the stock price. Therefore, the present exchange systems are unsuitable to the growth enterprise market and it is necessary to adjust them properly.
Because the growth enterprise market orientates to the growing service companies and mainly supports the development of the independent creative enterprises, the profit models and creativity of the start-up enterprises vary from that in the main broad. Therefore, China’s Securities Regulatory Commission not only adjusts the issuance audit standards, but also set up the special issuance audit commission for the growth enterprise market, adds certain quantities of scientific commissioners and employs some experts.
For the investors, the risks in the growth enterprise market are higher than the main board market. Of course, the profits are probably higher. In Special Exchange Provisions for the Growth Enterprise Market, the exchange systems and the market monitor systems will be different from the main board market through improving the investors’ exchange conditions, controlling the new stocks to play in the first public day, intensifying the exchange suspension systems because of the extraordinary fluctuation of the stock price and strengthening the exchange information transparency and etc so as to enhance the market monitor and the operation rate. The governments from different countries supervise over the growth enterprise market strictly taking the information reveal as the corn. Besides, the supervision departments help the investors to choose high quality enterprises by the sponsor systems.
Among the measures of the growth enterprise market, the new added investors’ entry systems are the most noticeable. The detailed rules and regulations related to all the investors are being formulated, which also brings wildfire discussions. According to in-group sources, the entry condition of the growth enterprise market is possibly between 30 to 100 thousand USD, but more analysts tend to the comprehensive evaluations, including the comprehensive strengths of the investors and operation experiences. The reason that set up the entry conditions attributes to the high risks in the growth enterprise market. It is understood that there is no buffer time like the main board market if the listed enterprises in the growth enterprise market want to exit the market.
The problems in the growth enterprise market could be mentioned in the same breath with the share reform. As a crucial step of the system construction in the capital market, the growth enterprise market not only brings giant profits for the related listed companies, but also an important step to guarantee the employment and propel the transformation.
The medium and small enterprises provide more than 80% employment in China. At present, the unsmooth of the fund channel is still the major bottleneck of restraining development of the medium and small enterprises. The benefactors of the fast issuance of the credit loans are mainly the large and medium enterprises and the infrastructure construction projects. So, from the aspect of keeping the long term vigor of Chinese economy, it is the inevitable choice to provide better survival and development system environments for the medium and small enterprises. Meanwhile, from a higher aspect, the release of the growth enterprise market is as meaningful as the 4 trillion investment plans, which not only drive the private investment, but also of crucial importance to propel the economic transformation.
As is known to all, Chinese economy needs to be transferred urgently at present, the economy in the coastal developed areas transferring to the service industry and the high quality manufactures, the central and western regions to continuing the industry transformation from the east regions. The listed rules and the fortune effect of the growth enterprise market will promote the venture investments and industrial capitals to the new technical industry, advanced manufactures and the advanced service industry, realizing the economic transformation in China. The reform of the stock allocation solves the inborn system drawbacks in the stock market. The growth enterprise market is to solve the single list environment, which is a new beginning in Chinese capital market.
To get more details, please visit http://www.shcri.com/reportdetail.asp?id=288
Based on the database, Interviews and research methods from China Research and Intelligence, CRI analyzes the development and opportunities in this industry clearly.
Article Source:http://www.articlesbase.com/business-opportunities-articles/research-report-of-chinese-growth-enterprise-market-2009-893887.html
29 April, 2009 at 6:52 pm
Data entry work at home requires that the family learn new habits to facilitate your work. You will need to pick up managerial skills to conduct your business with your clients. You will have to pick up entrepreneurial skills, change some habits that were useful in the corporate scenario and retain a few.
Discipline family members
Interruptions, small requests and errand requirements make you run the risk of missing a deadline. Data entry work at home is a big responsibility to undertake and the family must be disciplined to allow you to make a success of it. The family must be aware of the importance of low noise levels around your area of work. There will be an increased need for self sufficiency among family members.
Educate yourself
You must know what running a small business involves when you do data entry work at home. Policy decisions, financial skills, legal implications of contracts and changing customer requirements involve you in activities that are far removed from the main job of data entry. Before you take up major contracts, work with lawyers to understand loopholes in the contract that can adversely impact your entire business. A poorly drafted contract can bring about the end of a good entrepreneurial initiative. You must be aware of the impact of policy decisions you take when carrying out business with your clients and sub-contracted staff. When you sub-contract work, you must be cognizant of the legal implications of your action.
Learn
If you have worked in a corporate scenario, you would have learnt how to cope with work pressure, co-operate with colleagues and clear misunderstandings rationally. These skills will hold you in good stead when you do data entry work at home. The customer comes to you with a clear expectation and it is for you to find solutions along with the team you have sub-contracted work to. If there are misunderstandings between you and your client, your first effort will be to clear it without affecting your relationship. Unlike a boss, who is responsible for you, the client has no binding relation with you but can cast a doubt on your credibility if you are unable to deliver effectively.
Unlearn
You have probably been used to having priorities set for you, being told whom to go to for a solution, brainstorming on how to get things done and being obedient to your boss. You will have to unlearn some of these habits when you take up data entry work at home. You have yourself as the boss when it comes to deciding what kind of work you take up, the cost and timelines you agree to and the policies your set up will follow. Your customer is the boss when it comes to laying down expectations. You may need to negotiate with the customer in case of requirement changes in the course of the work. A customer who is unreasonable might turn out to be expensive for you and you may need to learn to walk away from the project after taking an informed decision.
If you want tips to start up an entrepreneurial venture of Data Entry Work at Home, log on to http://www.goodinternetmoney.com/five-tips-to-increase-your-data-entry-work-at-home-income.php for guidelines and advice on how to go ahead.
Article Source:http://www.articlesbase.com/business-opportunities-articles/data-entry-work-at-homewhat-you-need-to-do-890086.html
28 April, 2009 at 8:27 pm
Corrugated packaging boxes are some of the most commonly used forms of transport packaging in the world today. The raw material used for this form of packaging is corrugated paperboard (or simply ‘board’), and it is produced in many ways and with many specifications in order to fit the corrugated packaging and corrugated transport material requirements for a particular product and its supply chain, starting from a factory to the doorstep of a consumer. In the US alone, 95% of all consumer products are shipped in corrugated boxes, with 75% of this amount of box material being recycled each year. The basic principle is to use combinations of paper and adhesives with varying levels of heat and pressure; which allows for a variety of types to be produced, with varying levels of strength, weight and durability.
Corrugated paperboard starts out with basic liner (also called paperboard; from which the name comes) in massive rolls. The wavy paper shown below, sandwiched between the straight papers is called the corrugating medium (while the straight paper on both sides of the wavy one are the liners).
Common Corrugated Paperboard types and uses
Single-face Corrugated Board: A single liner is glued to a corrugated medium to form a single-face paperboard. This is commonly seen in packaging for fine china, light bulb etc.
Single-Wall Corrugated Board: Two liners are glued to either side of the corrugating material to form a single-wall paperboard. This is the simplest and most widely used form of packaging for shipments for a variety of plastic goods and food products. This is the box consumers come across most often In daily life.
Double-Wall Corrugated Board: When another layer of corrugating material and a layer of liner is added to a single-wall paperboard, the resulting product is the much stronger and shock absorbent double-wall paperboard. This form is heavier and more expensive and is generally used to ship/ transport bulk packaged foods, material like nails and rivets, appliances like TV’s and DVD players and even furniture. For larger and heavier goods, Triple-Wall Corrugated Paperboard is produced in the same way.
Production
Corrugated paperboard is specifically designed to fit product based requirements. Producers usually specifically design the kind of paperboard to be used for each specific product type in accordance with transportation requirements, weight and strength and shock absorbent properties. The production of corrugated paperboard is simply explained as follows;
1- The first sheet of straight liner is unrolled and heated.
2- This sheet is then passed through high pressure steam to make it soft and spongy.
3- The sheet is then passed between a set of long sprockets in order to create the ridges (or flutes). This process forms the wavy ‘corrugating medium’.
4- The glue is then applied to one side (in case of single-face paperboard) or either side (in single-wall paperboard) of the corrugating medium.
5- Sheets of liner are then unrolled and glued to one or either side of the corrugating medium to form a single-face or single-wall paperboard.
6- Further layers of corrugating medium and liner are added to form double-wall and higher classifications of corrugated paperboard.
Dave Marinac - ABC Packaging Direct
ABC Packaging Direct works with you to understand your packaging needs and develop specialty packaging solutions including food packaging, thermoformed plastic trays, stand up pouches, low melt bags, autoclave bags, plastic valve bags and VCI bags.
Article Source:http://www.articlesbase.com/business-opportunities-articles/corrugated-paperboard-for-dummies-890197.html
27 April, 2009 at 11:59 pm
“Gardening is about enjoying the smell of things growing in your garden soil, getting dirty without feeling guilty, and generally taking the time for leisure and hobby or interest along with little peace. “
Garden as being one of the most leisurely place to relax your mind and body. Garden in front of your house makes your house the most beautiful place to live in. Aluminum garden decorative compliments your garden as well as house and look attractive and unique.
Aluminum decoratives makes your “special garden” a wonderful place which adds-on to the beauty in front of your house. Aluminum as being one of the most “luminous metal” gives shiny and alluring effect to the garden decoratives. Garden decorative includes sculptures and statues, aluminum flower pots/vases, garden furniture, alumnium bird bath, aluminum handicrafts, aluminum garden planters, aluminum animals and other decorative item portray etc.
These Garden decoratives are further described below :
-> Sculptures and Statues made of rusty metal gives unique look to the decor of your garden.
-> Attractive Flower Pots made of various element including clay, metal, aluminum and black clay, etc. increases the beauty of the flower or plants planted in it.
-> Aluminum Garden Planters adds luminous and alluring look to the beauty of the garden.
-> Aluminum Bird Bath placed in the center of the garden beautify the surroundings.
-> Aluminum Decorative Animal and other decorative items compliments to the beauty of the garden.
-> Aluminum Handicrafts also accomplish with to the beauty of the nature and adds more grace to it.
-> Garden Furniture is the most important thing in any garden to rest, relax and soothing your entire soul and mind. Aluminum Garden furniture hence adds to the luxury and elegance
“Aluminum decoratives” decorated in the garden makes your garden more beautiful and gives elegant look. Aluminum garden decorative makes whole environment attractive complimenting with the beauty of the nature.
For further details visit : http://www.aluminum-crafts.com
Article Source:http://www.articlesbase.com/business-opportunities-articles/aluminum-garden-decoratives-887602.html
27 April, 2009 at 5:12 am
If you have been looking for an opportunity to make some serious money then the timing couldn’t be better. The 2009 real estate crisis has presented unique opportunities for anyone looking to capitalize on the abundance of foreclosures and other properties which are available at bargain prices.
The problem a lot of people have with this business is that they might not know anything about it, or they think only experienced real estate brokers are able to take advantage of this. You should know that if you really want to take advantage of this opportunity you can do so, and you don’t need deep pockets or a wealth of knowledge to do it.
If you interested in flipping homes for profit, but don’t know where to begin then take a look at the Real Estate Power Investor Course. This course was designed by Charrissa Cawley, who is well known in real estate circles as a very successful property investor and she is ready to share her secrets with you.
The course is divided up into 10 modules, with various bonus sections. Each is designed to cover every possible angle of the business from locating investment properties, to financing, rehabbing, dealing with contractors, various exit strategies and much more.
Real Estate Power Investor launches on April 28, 2009 and the introductory launch price is set at $97 for a very limited time. When you consider the fact that you can make thousands of dollars on every deal by flipping homes for profit, this could very well be the best money you have ever spent.
R Hancock writes articles on many subjects including real estate investing.
Article Source:http://www.articlesbase.com/business-opportunities-articles/real-estate-power-investor-start-flipping-homes-for-profit-886498.html
26 April, 2009 at 1:38 pm
Are you ready to discover the solutions you have been searching for?
What does it need to become a prosperous Affiliate Marketer? What are the ingredients of an affiliate marketing success story? Is there a shortcut to Affiliate Marketing glory? All these questions play about in the minds of affiliate marketers who want to make it big in this area.
Though affiliate marketing is touted as one of the easiest and uttermost effective ways to create money online, it is not as easy as it sounds. The wise affiliate marketer plans every move and executes it the best way he can. He should also increase the potential to succeed by utilizing the right tools appropriate for a successful Affiliate Marketing program. We have consulted several of the most successful affiliate marketers in the area and lower down are the top three essential tools for a thriving affiliate marketing business.
Crucial Advice #1: Your Own Website
The greatest important and indispensable tool in Affiliate Marketing is your own site. The chief step in any thriving affiliate marketing business is creating a good, believable and professional looking website. Your website is the jump off point of all your marketing efforts. Thus, you must first create an -easy-to-use website, which will appeal to your prospects and encourage them to click on the links to the goods and services you are promoting and hopefully create a purchase. Consequently, you must first focus your efforts in building a site that can cater to what your prospects need.The most important thing you should consider is that almost all web users go online to search for information, not automatically to go and buy something.
Above all else, make your website full of original, pertinent and practical content. People love articles that are appealing and helpful. Keep in mind that, in the internet, content is always key and top quality content will not just raise your credibility, it can also help you fulfil a higher-level search engine ranking. By posting relevant and useful articles, you establish yourself as a credible authority in the field, displaying you a trustworthy endorser of the product or service you support. Establishing a good reputation is a good move in building up a loyal consumer base.
Crucial Advice #2: Incentives
Competition is extremely fierce in the internet world. You should always be one-movement in advance of your rivals to ensure that you capture a critical share of your target market. Therefore, you must use every conceivable means to inspire people not solely to visit your website but also to click and proceed to the websites of the opportunities and services you are promoting. Creating an opt-in email list is one of the better ways to gather prospects. Offer a newsletter or an e-zine. Better yet, offer incentives to your prospects to inspire them to subscribe to your newsletters. You can present free softwares, access to unique services and other freebies that will be helpful to your prospects.
Important Advice #3: Url Popularity
The value of driving highly targeted traffic to your website cannot be emphasized enough. The all-important web traffic is at the top of the list of the most crucial entities in the internet arena. Attracting people to your site has to be the first action you should carry out. Do everything to achieve a top search engine ranking. Link Popularity is one of the factors that search engines use to establish search engine rankings. so, to elevate your link popularity, you must launch an aggressive reciprocal link action.
One of the better ways to do this, at no cost at all, is by submitting articles, with your site’s web address in the resource box, to e-zines and free article sites. You may not only earn exposure, you may also have the opportunity to advertise for no cost, just include a link pointing to your site. The more sites you send your articles to, the better your link popularity is. Ensure your articles are unique, pertinent and practical so that other websites may pick it up and post it.
These are but three of the many tools that an affiliate marketer can use to build up earning potential. The possibilities are endless and are restricted only by your vision, creativity, resourcefulness and resolution. You can always explore other ideas and adapt other strategies, which you believe might help you become a high rolling affiliate marketer.
Thanks for taking the time to read my article. You should continue searching for additional information to help you.
________________________________________
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This Article was written by David Hill.
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25 April, 2009 at 11:35 pm
If you are someone who is motivated to really get the ball rolling for your retirement then buying and selling real estate might be right up your alley. Some of the easiest properties to start with are foreclosure listings. These are usually in abundance when the market is in a down trend like it is now. The prices are cheap and investors are picking them up almost as fast as they hit the open market. But they are starting to saturate the market and that means better prices.
There are a lot of people saying that now is the time to avoid the housing market at all cost. They are completely wrong, the best time to buy foreclosure listing is during a down time in the market. Doing so will give you the benefit of the highest profit margin when you sell. Any good investor will tell you that you should buy at rock bottom prices and you can’t do that if the prices are high everywhere. To find deals like this, you should avoid talking to a real estate agent. They are out to make a profit too. Another option is to find foreclosure listings online. When going through an agent, they will try to put a markup on the property. That is how they make their money.
By looking for a database of foreclosure listings online you have the benefit of comparing a lot of different properties at one time. This helps to weed out the properties that do not suit your investment needs. The internet also gives you the ability to do background research on a lot of these properties before you ever go looking at them. That alone is extremely valuable. Once you know how to find and do the research on foreclosure listings, you will have the ability to pick the safest investments right up front.
There is no question that the abundance of foreclosed properties has presented a unique opportunity for anyone interested in making money in the current real estate market. If you educate yourself, you can learn how to find these foreclosure listings, so that you can purchase and flip for a quick profit. Of course there is much that you should know before you venture out and start looking for foreclosed homes on the market. That’s where we come in.
A new course is being released soon that is designed to train anyone how to take advantage of this lucrative opportunity. The course is designed by a well known real estate investor, Charrissa Cawley, and will equip you with all the knowledge and skills you need in order for you to become a successful property investor in your own right.
CLICK HERE to get more information and sign up to be one of the first to take advantage of this once in a lifetime opportunity.
R Hancock writes articles on many subjects including real estate investing.
Article Source:http://www.articlesbase.com/business-opportunities-articles/find-foreclosure-listings-online-885362.html
25 April, 2009 at 3:29 am
First of all, the name of the company will still be the LGN Revolution, that will not change. All the products of EDC Diamond with a value of over $100,000 will be available to all current LGN Revolution members and new members, along with all the products of LGN Revolution. Members of EDC Diamond paid $2750 to have access to these products.This is HUGE! Also, the monthly administration fee will stay the same.
What will this mean for existing EDC Diamond members? In this economy it is very hard trying to sell a business that cost $2750 to join, people are not ready to pay out this kind of money. Now by being a part of the LGN Revolution, that offers three different levels to join, starting from $198 to $998, they are going to find people that are willing to pay that kind of money to own a home business, especially with all of the products that LGN Revolution now has to offer.
To new prospects that are looking to join a home business, let me say this; there is not another program like the LGN Revolution out there that will give you this much for so little. This is a great opportunity to get your business started.
For the next few weeks the programmers are working hard on implementing all of the changes that need to be done to the LGN Revolution website, including adding all the EDC Diamond products.
I have to say this about James Ward, he keeps improving and growing this company by leaps and bounds, adding value, services, products and training to make the LGN Revolution the best and soon the biggest company on the internet. The LGN Revolution what a unique business opportunity.
For more Information, feel free to contact me.
Respectfully,
Pete Marciulonis
314-691-4535
Article Source:http://www.articlesbase.com/business-opportunities-articles/ceo-james-ward-of-lgn-revolution-announces-the-purchase-of-edc-diamond-884463.html
24 April, 2009 at 8:44 am
The Niche Power Group is a membership site created by Ken Troyer who is very passionate about helping people make money online. With a total of five mentors, their goal is to find as many people as possible find the passion in their lives, develop a business around it in any niche whatever it may be, and help them turn that into a full time income.
The (NPG) is not your average membership site or gimmick which claim to make you a quick buck by throwing up a website here or there, or throwing up 40 blogs trying to make $100 from each blog , nor is it MLM. Again, they are looking for people who maybe just starting out ( although experienced marketers are welcomed) who knows that there is good money to be made online, and knows that it can be done but having a hard time putting the puzzle together themselves. Someone who needs the interaction of more people everyday and values getting their questions answered by experts who have been through where they’re at.
The Niche Power Group provide free Wordpress blog installation as well as a learning center loaded with training videos (including article marketing) made simple for any marketer. They also provide monthly downloads for any niche with a request for anything you may not find.
The (NPG) provide personal coaching on Telephone or Skype with one of the mentors. They not only tell you about tools to use, they show you how to use them. Inside the forum they are continually teaching and motivating members to reach their goals everyday along with care.
Are there drawbacks? At the time of this writing, the Niche Power Group is only a few weeks launched. When people look for money making ideas and opportunities, they look for long lasting businesses so new online marketers may not find a lot of information about the (NPG) as of yet so they maybe hesitant at first. However, one should always move cautiously when on the Internet. I guess this is why there are mentors to help you stay on the road that could lead to your success.
Brand new to the Internet? Or maybe you are tired of not making any money online. This is a great time to visit the Niche Power Group Mentors are great to have when you are new and need someone to guide you in the right directions. http://www.niche-power-group.com
Article Source:http://www.articlesbase.com/business-opportunities-articles/the-niche-power-group-review-is-there-really-an-easy-and-effective-way-to-make-cash-online-883063.html
23 April, 2009 at 4:48 pm
If you are wondering how to start an IT business, there are some things you need to know before you start providing services to your new clients.
Many IT consultants miss important concepts about being successful in their industry and end up struggling to make ends meet and get clients. Why? They fail to create an organized business plan based on planned growth.
So, what does it take to understand how to start an IT business that will be successful far into the future? The following 6 success factors can help put you on the right road.
- Understand Your Business Model and Target Audience. You can’t be all things to all people. But you can be all things to SOME people. As a new IT consultant catering to small businesses, you won’t have the advertising budget to market to everyone … or the staff to provide services to everyone. Find a specialty group and focus your marketing efforts on these people. Figure out which services you will and won’t provide and which type of small business clients will be the best fit for these services.
- Be Proactive about Finding the Best Clients, Staff and Partners. Whether you are looking for prospects, customers, staff, contractors or partners as you learn how to start an IT business, you need to be working on the process regularly. If you procrastinate, you risk taking on nightmare clients, having unreliable employees or just making bad decisions in haste. The time to make important decisions is when you are NOT in crisis mode. Be on the lookout for people that can help you grow your business.
- Quality Trumps Quantity. Your goal is not to get the biggest customer list. 50 great customers is better than 100 bad ones. When one-person IT companies learn how to start an IT business and do it right, they can actually make very healthy livings with just 5 or even 6 steady clients that need service at least a few times a month. Focus on getting profitable and stable customers on your client list. And don’t be afraid to fire your money-losing, time-draining customers.
- Teach Your Clients How to Treat You. If you set rock-bottom rates, waste huge blocks of unpaid time, tolerate verbal abuse from your customers and clients, accept late payments and let your clients cherry-pick you rather than committing to ongoing service contracts, you are teaching your clients not to respect you and your time. Set policies in stone from the start of your business and stick to them, and you’ll be on your way to understanding how to start an IT business on the right foot.
- Prepare and Plan for Future Success. A full-blown business plan is ideal from Day 1; but if you need some time to develop it at first, a weekly business development “to-do” list will help you get started. Include three columns, aside from the name of the task itself: (a) how much time you will spend; (b) how much money you will spend; (c) your start and end dates for tasks. Make sure you fill out this form regularly so you know how you are spending your time and how much money is coming in and going out of your business. Analyzing the results will help you understand how to make your business more profitable.
- Remember that Time is Money. If you want to understand how to start an IT business successfully, treat your time as your inventory . You wouldn’t give your inventory away in any other business that was selling products, so why would you give your inventory away when it is time? Know where every 15 minutes of your time is going every week and put it into three categories: (a) billable to a client; (b) management/administration; (c) sales/marketing. If you can’t put all of your time into one of these three categories, you need to reevaluate.
In this article, we introduced 6 secrets to success for you to think about as you learn how to start an IT business. Learn more about how to start an IT business and get great, steady, high-paying clients now at http://www.HowToStartAnITBusiness.com
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Joshua Feinberg is the author and editorial director of the Computer Consulting Kit Home Study Course, which helps computer consultants, VARs, integrators, solution providers, and managed services providers get more of the best, steady, high-paying small business (SMB) clients.
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