http://www.isnare.com/?s=author&a=Dave+J Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=143006&ca=Business STEP 5: Create Key Assets I definitely would not startup a business without any key asset. But it doesn’t stop here. My key assets are only as good as my ability to protect them, especially when intellectual property is concerned. I have summarized five key assets that are crucial to all businesses... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=142465&ca=Business STEP 1: Determine My Ultimate Plan I never take this preliminary step lightly. I always start off with thorough planning. As we always say, plan your life, and then plan your business. Once you know where to go, you can then have a pleasant journey. I have noticed that there are many successful busi... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=142466&ca=Business STEP 2: Business Model Once I have selected the kind of business I want to do, I would brainstorm how to run the business. In today’s technology, there are many business models to choose from i.e. part time or full time, at home or totally mobile, online or brick and mortar business. But the key is... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=142467&ca=Business STEP 3: Prepare a Business Plan Once I have done all the preparations, I would start creating a detailed business plan - a document that will provide the priorities, strategies, agenda and sanity I’ll need to startup my business. In my experience and observation of the business world, the “activity”... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=142468&ca=Business STEP 4: Organizational Structure This is the step where I need to select an organization structure that best fits my business model. I personally find there is no “best” structure for all businesses. However, I normally prefer to select one that provides me with high autonomy and low tax liability.... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=143008&ca=Business STEP 7: Support Team I found out that many businesses went bust before they even went fully operational because they did not start right. Starting right can mean the difference between success and failure. It simply means I should have all the tools, information, facilities, contacts, money manageme... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=143009&ca=Business STEP 8: People In a small to medium scale business, the importance of a single team member can be enormous. Every person I place under my organization (be it associates, staffs or suppliers) must be a star. This may sound “impossible”, but it is possible. Firstly, I would define what a star is withi... Business Dave J Fri, 22 Feb 2008 00:00:00 -0800 http://www.isnare.com/?aid=143184&ca=Business STEP 10: Sales and Marketing Read any autobiography or business success story, you’ll notice one common denominator for success - sales. You need to take whatever action possible to ensure that sales are consistently growing to allow you to gain profit. Again, a word of caution; do not target everyo... Business Dave J Wed, 30 Jan 2008 00:00:00 -0800 http://www.isnare.com/?aid=143007&ca=Business STEP 6: Funding This could be a very important step for businesses that require capital to startup and funding to keep overheads and inventories on track. Finding funding is not difficult. But getting the right funding is crucial. Of course there is a saying that goes, “beggars can’t be choosers”! N...