Jan 18

Develop the Mindset of an Entrepreneur


Develop the Mindset of an Entrepreneur

Develop the Mindset of an Entrepreneur
By Thomas R Holthus

Are you an entrepreneur?

If you are not an entrepreneur today, the good news is that you have the potential to become an entrepreneur in the future.

You see, entrepreneurship is a mindset. You can choose to become an entrepreneur.

Some people find the word a little frightening. If that sounds scary to you, then use the phrase small business owner or home-based business owner. It means the same thing.

Becoming an entrepreneur means that you own a business and earn money. That’s it!

Here are 4 steps to develop an entrepreneurial mindset:

1) Look for business opportunities

There are opportunities all over. You just need to recognize opportunities when you see them and take advantage of opportunities.

You may have heard the phrase, “multiple streams of income”. Many people have a job. And when they lose their job, they lose their income. Don’t let this happen to you. I would encourage you to adopt the mindset of creating multiple streams of income.

Think about the different ways you can make money. You can offer a product or service. You can join a direct sales company. You can buy real estate.

Look for opportunities to build a team and leverage other people. You may not have all of the skills you need to be successful but you can find other people to help.

2) Cultivate a positive mental attitude

If you want to build a thriving, successful business, then you need to have a positive attitude. You need to wake up every day with the attitude that you can accomplish amazing things.

When you face challenges, keep charging forward. Be practical and realistic and also hold true to your dreams.

3) Develop your marketing and sales skills

There is perhaps no more important skill to build a business than marketing and sales. If you have no past experience, don’t worry. You can learn from others. You can leverage other people’s skills while you learn techniques.

Read books, listen to audio and video programs and take classes. Hire a coach and find a mentor. Learn sales and marketing skills and your world will open up with an abundance of opportunities!

4) Meet people and add value

Business happens between people. If you want to earn money, then you need to talk to people. Opportunities will reveal themselves as you have conversations with people. Be open to the possibility that something wonderful may happen.

Are you ready to start a business? You might want to find a business mentor who can guide you through the process.

Maybe you have a business, but realize you want to create more leverage. It’s time to look for ways to leverage your time and money more effectively.

Set goals and take action daily to accomplish your goals. Good luck!

Thomas Holthus is a Business Mentor who teaches people on strategies to start and run a successful business. He has a background as a Senior Program/Project Manager and System Engineer with extensive experience proposing, winning and managing high technology programs. For a Free Video with tips on how to start your own business, visit http://yoursuccessandwealth.com/wealth/.

Article Source: http://EzineArticles.com/?expert=Thomas_R_Holthus

http://EzineArticles.com/?Develop-the-Mindset-of-an-Entrepreneur&id=7315329


Jan 17

3 Keys to Get Business through Networking

Owning a business can be a very challenging yet rewarding experience. One of the best ways to be a success in today’s market is to take advantage of business networking.

If you want to build a successful business, then you need to get out and network.

Here are 3 tips to help you get started in networking to build your business:

1) Make a list of events

The first tip is to make a list of local networking events to attend.
Look for events in your local area, register to attend and then add the events to your calendar.

When you arrive at the event, have a plan. Decide who you want to meet and take time to walk around and meet new people.

2) Follow up by phone

After an event, there is a narrow window of opportunity to follow up with the people you meet. Block time on your calendar to make calls to everyone you met. Be prepared to talk over the phone or leave a message. The sooner you call, the more likely they will remember you.

3) Connect on social media

As you work to build your business, you should look for ways to leverage technology tools. You can use social media to connect with people online. This will give you ongoing access to people and an easy way to stay in touch.

Following all of these steps will ensure that you will build a large network of people to work with and will in turn produce profit and sustainability in your business.

Send an email to me, tom@trholthus.com, with your phone number and I will call you to see what information I can send you to help you with Networking. Your information will never be shared.

Thomas Holthus
Business Mentor

Jan 11

3 Tips to Prevent Identity Theft

Are you protected against the risk of identity theft? Many people are at risk and may lose money and face potential problems if they don’t take action to protect themselves.

Criminals use deceitful tactics to learn your personally identifiable information (PII). Armed with simple information, a thief can order credit cards, access your personal bank accounts and even get a driver’s license in your name with his or her picture. Three tips to prevent identity theft save time, money and future stress.

1. Shred or burn all mail and documents containing personal information. Unscrupulous identity thieves fish through garbage at your home, the paper recycling facility or even the garbage dump in search of PII.

2. Place a daily spending cap on your credit cards. Regularly monitor cards for fishy activity, especially Internet transactions. Write “Ask for ID” on the back so a crook does not have your signature.

3. A lost credit card is every consumer’s worst financial nightmare. Call immediately and report the last transaction you remember. This helps your financial institution differentiate your spending from an unlawful transaction.

By taking a few simple steps, you can help to reduce the risk of identify theft. You can also use a service to monitor your credit and alert you to potential problems.

Take a look at https://www.idshield.com/?hub=trholthus to view my preferred identity theft protection program.

Send an email to me, tom@trholthus.com, with your phone number and I will call you to see what information I can send you to help you with Identity theft. Your information will never be shared.

References:

http://www.ftc.gov/bcp/edu/microsites/idtheft/consumers/about-identity-theft.html

http://ftc.gov/bcp/edu/pubs/consumer/idtheft/idt04.pdf

Nov 21

3 Reasons to Start a Home-Based Business Now


3 Reasons to Start a Home-Based Business Now

3 Reasons to Start a Home-Based Business Now
By Thomas R Holthus

Many people live their whole lives working as an employee for a company. And while the benefits can be nice, they are living at risk.

It seems like we hear about people being laid off from companies all the time. Not only that, people who reach a certain age may find it more difficult to complete in today’s fast-paced environment. Age discrimination is becoming more common. It can be difficult to complete against kids straight out of college who are tech savvy and willing to work for less money.

There are more reasons than ever to start a home-based business.

Here are 3 reasons to start a home-based business now:

1) You have an unlimited income potential

Most people who work for a company get paid a salary. They depend on getting an annual increase to earn more money. When you start a home-based business, you control your income.

You can choose how much you want to work. That can create a lot of flexibility. Some business models allow you to leverage other people’s efforts to build your business. That can be a real time-saver!

2) Flexibility

Do you enjoy your freedom? Would you like the flexibility to do what you want when you want? As a home-based business owner, you control your schedule. You determine when you want to work and for how long.

It’s nice to be your own boss. Join the ranks of home-based business owners worldwide and experience the revolution in the working world. It’s time to take control of your time and build something you can be proud of!

Not only that, when you tap into passion, you will release your creativity and that can lead to greater fulfillment in your life. It’s the best option!

3) Tax Advantages

I don’t know about you but I like to be able to earn a dollar and then be able to use the funds. Unfortunately, the government takes a share of whatever you make. And in times of economic challenge, it feels like the government is taking more than its fair share, doesn’t it?

Wouldn’t it be nice to keep more of what you make? When you start a business, you have the opportunity for tax deductions. Check with your accountant to learn exactly what you can deduct. The rules change from time to time.

Believe me, it’s nice to know that you can spend money on your business and that you will be able to take a tax deduction. It’s a very compelling reason to start a business. You might not have even thought about it, but your business expenses might actually improve the quality of your life.

Some business owners take business trips. And while they’re traveling on business, they take time to sight-see. What a great way to stretch your dollars. Other business owners deduct the expense of a mobile phone. It’s nice when you can deduct an expense that you would normally have anyway.

Always check with your accountant to determine exactly what you can deduct. And be sure to keep receipts.

If you do not have a business now, it’s time to think about starting one. Do your due diligence and research potential business opportunities.

Set a goal for your start date and start to narrow the options. Find a mentor who will guide you through the process. You don’t have to do it alone!

Thomas Holthus is a Business Mentor who teaches people on strategies to start and run a successful business. He has a background as a Senior Program/Project Manager and System Engineer with extensive experience proposing, winning and managing high technology programs. For a Free Video with tips on how to start your own business, visit http://yoursuccessandwealth.com/wealth/.

Article Source: http://EzineArticles.com/?expert=Thomas_R_Holthus

http://EzineArticles.com/?3-Reasons-to-Start-a-Home-Based-Business-Now&id=7315295


Oct 18

5 Ideal Characteristics of a Successful Business

By Thomas R Holthus

Building a successful business takes time, energy and effort. And not only that, it takes a good business model. You need to select a business that will perform for you in the long run.

Let’s take a look at 5 key attributes of a successful business:

1) Low start-up costs

Unless you are already wealthy, you may want to consider a business that has low start-up costs. The more you invest up front, the more you risk. And not only that, the longer it will take you to earn back your initial investment of capital.

2) High demand product

If you start a business, it would be nice to know whether you will actually earn money, wouldn’t it? Absolutely!

When you start a business, make sure that you do your due diligence. Research the market to see if you are offering products that people want. Make sure there is a market for your product and you know how to reach potential customers.

Look for an industry where there is a high demand for your products. This can make a big difference in the results you get.

3) Scalable business

One challenge that many business owners face is that their business is not scalable. As they gain new customers, they have to shift energies from sales and marketing toward service and delivery. As a result, they are able to spend less time bringing in new customers. This shift can put a strain on their finances.

Look for a business model where you scale the business up. You want to be able to add new customers without creating problems for your business. Partnering with another company that can help fulfill orders can be a real time-saver and will allow you to continue to focus on getting new customers.

4) History of satisfied customers

To build a successful business, you need satisfied customers. Make sure that you have the best opportunity to attract and retain lifelong customers.

If you are buying a business from a past owner, take time to interview customers and find out why they like doing business with the company. If you purchase a franchise business, talk to customers and ask them what they like best about working with the company. Ask them if there is anything they would change.

5) Recurring income

There are many ways to earn income in a business. Many companies sell products. They earn revenue on each sale. That revenue goes to pay business expenses and the remaining amount is considered a profit. You can reinvest your profits in the business or draw money out in the form of income.

Many companies are successful in selling one product. Other companies offer a variety of products. There is a value in giving customers a selection of products to choose.

You need to look for ways to find new customers. You should develop your sales skills to improve your results.

One other strategy to look at is to create a recurring income. What if you could make one sale and then earn money every month after that from the sale. How is that possible? Think about how an insurance company works. They sell an insurance policy. The insurance agent that sells the policy earns a commission after the sale. Not only that, they earn a commission every month after that for as long as the policy remains active. That’s because the policyholder continues to make payments every month. Actual results may vary depending on the company.

What if you could earn an ongoing recurring commission from making a single sale? Think about how you can create a recurring income. This one idea alone could generate tens of thousands of dollars in income every year for the rest of your life.

Thomas Holthus is a Business Mentor who teaches people on strategies to start and run a successful business. He has a background as a Senior Program/Project Manager and System Engineer with extensive experience proposing, winning and managing high technology programs. For a Free Video with tips on how to start your own business, visit http://yoursuccessandwealth.com/wealth/.

Article Source: http://EzineArticles.com/?expert=Thomas_R_Holthus
http://EzineArticles.com/?5-Ideal-Characteristics-of-a-Successful-Business&id=7168115

Jun 28

The Perfect Business

Are you looking for a way to increase your income? Have you considered starting or acquiring a business? If you trade time for money; it doesn’t matter how much you make per unit time, your time is limited and therefore your income is limited.

Are you looking for the perfect business?

Consider the following 11 criteria as you search for the perfect business:
1. GLOBAL REACH – Markets to the world rather than just a region.
2. INELASTIC DEMAND – Has a product people need regardless of price.
3. LOW LABOR – Ideal business has low labor requirements.
4. CONTINUING NEED – It is not a fad.
5. LOW OVERHEAD – The ideal business as low overhead.
6. SPECIAL PRODUCTS – Special copy righted or patented products.
7. LOW INVESTMENT – Does not require a large up-front investment
8. CASH BUSINESS – The ideal business no credit arrangements.
9. REGULATION FREE – Relatively free of government and industrial regulation.
10. PORTABLE – The ideal business can be operated from anywhere.
11. FASCINATING – Keeps you fascinated for a life time.

These points of a perfect business were excerpted form the Dow Theory Letters, September 1977.

Compare an ecommerce business with these points by looking at the following web site; http://yoursuccessandwealth.com/wealth/.

You might also think about the tax benefit of having a business.

Thomas Holthus
Business Mentor

Learn a proven system to earn income by working from home. Click here to watch this video.

Jun 15

How to Create Multiple Streams of Income

Are you overly reliant on the income you make from a job? What would happen if you were laid off? Would you continue to earn income? Or would your income suddenly come grinding to a halt?

If you’re like most people, you may not have a Plan B. You depend on the income you earn from your job to pay your living expenses.

There is another way. You can create multiple streams of income.

Think about a basket of eggs. What if you dropped the basket? All of the eggs would break. It doesn’t make sense to put all of your eggs in one basket. And it doesn’t make sense to depend solely on a job for income.

It makes a lot of sense to find other ways to earn income. That way, if you lose your job or your spouse loses a job, you can still earn money to pay bills.

So, what can you do to get started?

Here are a few ideas:

1) Invest in real estate

Many people make money by investing in real estate. In reality, there is a lot of risk in buying and flipping properties. And unless you want to become a full time property manager, it may be a hassle to have to deal with leaky faucets and broken toilets.

2) Purchase a franchise business

Some of the most successful businesses in the world use a franchise model. You can purchase a franchise. It can also be very costly and really doesn’t make sense unless you can run the business full time and you have a big savings account to help fund the business.

3) Start a part-time business

One of the easiest to create multiple streams of income is to start a part-time business.

It’s also very cost-effective. In some cases you can get started for only a few hundred dollars. Not only that, you can even get training and coaching to help start your business.

Would you like to create multiple streams of income?

Then, take the next step and start researching options to get started.

Thomas Holthus is a Business Mentor who teaches people on strategies to start and run a successful business. He has a background as a Senior Program/Project Manager and System Engineer with extensive experience proposing, winning and managing high technology programs. For a Free Video with tips on how to start your own business, visit http://yoursuccessandwealth.com/wealth/.

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