Odd Strategies to Inspire Every Entrepreneur

Each and every small business owner need to understand that solid motivation will help determine the victory or defeat of every single small business endeavor. In fact, motivation links our aspirations to our current situation.

Unfortunately, there are moments when our burning desire is dampened by setbacks and pressure. Here are some very helpful tips to help you get back on track to success:

Think about your demise every once in a while. It seems morbid at first but if you think deeply death makes us realize the importance of time. Some entrepreneurs tend to procrastinate and keep things from happening believing they have another day to do things right. Unlike money which you can gain or earn in the near future, lost time is something you cannot regain. Time hold things in the right perspective. No need to waste another hour reading another quick-rich e-book, watching TV, or chilling out 8 hours a day.

Visualize your dreams. One of the simplest ways to visualize your dreams is to create a collage of everything you want to accomplish for your business as well as your life. We have different dreams and aspirations so this is an opportunity to express whatever you want. For me, having a very profitable online business means my wife and I can travel to the best resorts around the world, work anywhere I want to, buy a condo in downtown Toronto, and a sports car. I can either create a wallpaper of all these dreams for my laptop or prepare a PowerPoint presentation that I can review every single day containing all these images.

Hate yourself. Countless self-help guides order us to love ourselves however to some degree it really is really disadvantageous. If you look back at your personal or business successes and failures, one thing you’ll realize is most of them were entirely your fault! If you’re not satisfied where you are now then start hating yourself. Declare a battle against your own weak points including procrastination, cockiness, idleness, and pessimistic frame of mind. Make an effort to better yourself and it will eventually have a halo effect on your own business venture. For example, I despise myself for not publishing a lot of articles or blog posts last month knowing that it’s going to help boost my web reputation significantly and generate many more prospects for my target markets. The best revenge is to come back strong and perform better this month onwards.

Elevate your fears. Whether you like or not, fear has the power to move you to act or crush your morale totally. Even though most people keep saying that we must conquer our fears, I firmly believe this is easier said than done. What I suggest is to use that fear to push your limits and relentlessly improve the competitiveness as well as the profitability of your business. Every entrepreneur fears of going bankrupt and never to recover again. Think about how hard life will be and how you can no longer afford to buy a decent meal. For others, one of the biggest fears is to go back to the corporate world and work full-time. All these extreme conditions oddly elevate our own degree of determination to take action and accomplish better things in life.

I hope you find these very unusual motivation tips very useful. The most important thing is to try even just one of these tips and make it part of your daily routine. I guarantee that this will psych you up to be the best you can be.

Read More

3 Steps to Starting Your Own Hobby Business

If you are the kind of person who wants to make a living out of the creativity you have, why not consider selling items that you make at home. It is always nice to have an added source of income so that in case of an emergency, you have some money to spare. This article explores three important steps to getting started in your own hobby business.

1. Sell personalized products.

One opportunity that has always been popular is personalized items. You can print pictures or names on a t-shirt, transfer images to your glass containers, and the likes. Printing colorful designs is something you can do at home. Investing in quality equipment is of utmost importance because this is the means for you to start your business. If you do not have enough capital, you can always start from something cheaper and then upgrade when you have enough resources.
Printing designs on your t-shirt is not that hard because you have a silkscreen for that. You just need to place an outline of your design on top of the screen and then print it using paint. Mix and match colors for added aesthetics. However, there are some printers specifically made for textile printing.
As for your plain glassware, you can give them life by adding some transfer-on designs. Add personality to your napkin, cushions, curtains, and the likes. Add these designs to almost anything you have at home. Just be creative and you will see that everything becomes more colorful.

2. Make and sell crafts online.

Craft shows used to be great places to sell and many still are, but online craft sales have been growing steadily, even during the recent recession. Etsy (the largest site for selling handmade items) moved over 200 million dollars in sales in 2010.
Other popular places where you can promote your handmade products online include Crafts, Artfire, Bonanza, Silkfair, eBay, and many others.

3. Price your items to sell.

Learn what the average market price is for items like yours in the market where you will be selling. For instance, if you make Christmas ornaments to sell on eBay, learn what the average selling price there is for ornaments like yours. If you will sell at craft shows, shop some events and make note of the prices. Once you know the average market price, do the math, and make sure you can produce the items and still make a profit.
Many craft artists start off pricing their items too low, thinking this will bring sales. Actually, you often find a sales increase from raising prices (within reason.)
The great thing about running your own business is that your time is flexible. But don’t be surprised, if you and your family may have to make certain adjustments to your schedule to make ends meet.
Learning how to run a home business takes time. You can’t perfect it overnight because it is a never-ending process. Even after your business becomes successful, you still need to read and learn more about how to expand your business even more.
If you need to jumpstart the creative process of finding ideas of what to make and sell, get inspiration browsing through successful retail sites like QVC, Etsy or eBay, so you can start creating wonderful items to sell online. Knowing what the public is already shopping and willing to pay for makes starting your hobby business easier.

Read More