Wednesday, February 12, 2014

Women Entrepreneurs Are On The Rise


Women entrepreneurs lead one in five startups around the globe. The ratio of female founders to male soared 30% over the last year and a half, reports Gust, the Manhattan-based global platform for early-stage investing, which collects data on more than 200,000 companies, angel investors and venture capitalists. In the U.S. the percentage is slightly higher than one in five (22.8%). Led byBelgiumFrance; and Spain, even sclerotic Europe is producing women-run companies, now 16% of the total but a 45% jump in the overall ratio during the last 18 months. What’s behind the surge? Largely technology across multiple industries, says Gust. It lowers costs and barriers to entrepreneurial entry–and, with the help of remote tools like the cloud and Skype, helps women reconcile the pulls of family and career. from: http://www.forbes.com/sites/tompost/2013/03/27/around-the-world-women-entrepreneurs-are-on-the-rise/


Tuesday, January 28, 2014

10 Reasons You Should Work For Yourself

Imagine a life in which you can live on your own terms, have the freedom to choose how you spend your time and the projects on which you work. With enough planning, patience and determination, this situation can be yours. Check out these 10 reasons you should get started today:from the article "Why You Should Be Your Own Boss: 10 Reasons You Should Work For Yourself"


1. The flexibility to work anywhere
2. Do work that you enjoy
3. You have the opportunity to create jobs
4. Choose how much money you earn
5. You don’t have to answer to anyone
6. You will become more resilient
7. You will develop self-discipline
8. You can live a more meaningful life
9. You will develop business sense
10. You will leave a legacy behind

Read the full article here:
http://elitedaily.com/money/entrepreneurship/why-you-should-be-your-own-boss-10-reasons-you-should-work-for-yourself/

Wednesday, January 15, 2014

Tips on Starting a Business in 2014

Here are a few things to think about when you are considering starting your own business:

• Get together a business structure with the basics of what you want to do with your business.

• Conduct market research to find out what people are interested in buying and what they think of your ideas. You can use questionnaires like SurveyMonkey.com to send surveys to your friends and family.

• Name your business something catchy and short so that people will have an easy time remembering the name.

• Find an investor who will help you fund your business or save your money to fund your own business because you have to start with some money in order to make more money.

• You will always need more money than you think. There are hidden costs and fees sometimes that you haven't known to account for until you get to the point of needing to pay for them.

• Set up your office space or area you will work in.

• Research your ideas and find out what is best for you and avoid quick "easy" seeming money making online scams. Nothing is free and it does take capital to start up. Putting your money into inventory to sample type businesses is ok, just be careful if it seems too much like a pyramid.

• Find out the business trends and competitors out there and decide who your market is, who you're going to be selling to and how much they're willing to pay for your products.

These tips will be helpful to think about before you get started. The more information you can gather the better off you will be.

Tuesday, November 19, 2013

Check out "The Clueless" Outfit Generator type app for your smart phone

Who wasn't envious of Cher Horowitz’s outfit generator from the movie Clueless? It was a computer database that easily puts together matching outfits without even having to try anything on. 



Now there is an app that basically recreates the idea on your smart phone. Available for girl’s and guy’s, Stylish Girl & Cool Guy allows you to upload pictures of you wardrobe into categories (tops, bottoms, etc.) and see how the outfit will look when paired together. Not only can you generate outfits, but this fashion app allows you to shop items you may want in your wardrobe and you can even see how it will look with existing pieces before purchasing.
The Stylish Girl app keeps track of your outfits so don’t worry about repeating an outfit you already wore. You can share an outfit you love on Facebook or Twitter with your friends. This app also helps you pack for vacation! Simply thumb through your wardrobe and pick the items you want to travel with and add them to your suitcase.
Click here to get the app for your iPhone.

Wednesday, October 30, 2013

Entrepreneurs Explain Why They Started Their Businesses

Check out the blog post "Entrepreneurs Explain Why They Started Their Businesses" on Hearpreneuer and see some reasons why people started their own businesses including a response from My Accessory Business President Megan Andrus:

Starting with Excitement & Passion

I started my own business because I was designing advertising and doing marketing for a variety of other businesses and was helping them to become successful, so I figured, why not start a business involving something I’m excited and passionate about- jewelry and accessories- and make it successful for myself. I realized that there was a need in the market for all-inclusive accessory sales kits. No one else was selling anything like this online. The way I figured this out was because I myself was looking for this type of sales kit and couldn’t find what I wanted, so I created it.

See the article here: http://hear.ceoblognation.com/2013/10/24/start-business/



Tuesday, October 22, 2013

Questions to ask yourself before starting a business


Before you start any type of business, you should ask yourself these questions in order to prepare for the work ahead. Don't get discouraged by the number of questions and if you don't have the answer to them right away. Just asking yourself these questions is the first step to getting started. You can figure out the answers along the way and find new answers as you go. This list of questions comes from sba.gov a good source for advice on starting a small business. 
  1. Why am I starting a business?
  2. What kind of business do I want?
  3. Who is my ideal customer?
  4. What products or services will my business provide?
  5. Am I prepared to spend the time and money needed to get my business started?
  6. What differentiates my business idea and the products or services I will provide from others in the market?
  7. Where will my business be located?
  8. How many employees will I need?
  9. What types of suppliers do I need?
  10. How much money do I need to get started?
  11. Will I need to get a loan?
  12. How soon will it take before my products or services are available?
  13. How long do I have until I start making a profit?
  14. Who is my competition?
  15. How will I price my product compared to my competition?
  16. How will I set up the legal structure of my business?
  17. What taxes do I need to pay?
  18. What kind of insurance do I need?
  19. How will I manage my business?
  20. How will I advertise my business?

Tuesday, October 15, 2013

5 Reasons to Start a Business, Even in This Economy

Starting your own business has long been considered a risky proposition. Just the potential for failure and loss discourages many would-be entrepreneurs from giving it a go. Intimidated by oft-reported statistics like “50% of all businesses fail within the first two years,” even those with great ideas or lots of skill frequently decide to play it “safe.”

Perhaps in economies past you could legitimately argue that starting a business was just too big a gamble, but the tables have turned. Now becoming an entrepreneur is not only a safe and manageable career prospect, but it’s also the best (and perhaps only) way to get what you want professionally.
Here’s 5 reasons why it makes sense to start a business…evenespecially now!

1. Job Security Doesn’t Exist

Job security is a thing of the past. It used to be that you could safely commit to a well-trodden and clearly defined corporate career path. No longer. Not only has the corporate contract changed, but industries are evolving so quickly that jobs appear, change, or disappear practically overnight. All of this is true even in a good economy—so if you account for the economic downturn of these last few years, the stability of traditional employment weakens even further. So much so, actually, that scores of former employees have decided to become their own bosses to make their jobs more secure.

2. You Don’t Have to Bet the Farm

The risk for any experiment or new venture can never be mitigated completely, but it’s up to you to decide just how much to chance. You can put yourself in a risky position by keeping your genius idea to yourself, double-mortgaging the house (or racking up credit card debt), and launching the biggest version of your dream possible. Or you can play it safer by soliciting lots of feedback in advance of launching and finding small inexpensive ways to test your idea in the market. Neither path guarantees success, but the latter certainly insulates you from total devastation in the case of failure.
3. You Know How to Get More from Less
Several years of a significant recession has made us all experts in how to get more from less. We are more productive and thriftier than ever. Each dollar goes further and each minute matters more. This is the exact mindset that an entrepreneur needs to be successful. In the past corporate refugees could take years to figure this out. Now people are showing up to entrepreneurship prepared from the start.

4. Satisfaction Matters

One benefit of this otherwise devastating recession has been the shift in our collective definition of success. While we used to lust after big ticket items and sacrifice for far-off rewards, we now know that daily satisfaction reigns supreme. After all, things don’t necessarily bring happiness and future promises are never guaranteed. What really matters is how rewarding and fulfilling our daily life is. It’s a reality that entrepreneurs get to uniquely exploit. Because when you’re the boss you get to do the work you want on your terms. And if, at some point, your business no longer adds up to happiness, you have the power to make the necessary changes so that it does again.

5. And So Does Regret…

Of all the business-related angst I’ve witnessed, nothing seems more haunting than the experience of regret. That mournful curiosity about “what could have been”—if only you had done something differently and given your business venture a shot. It’s a feeling much worse than failure. That doesn’t mean that you need to pursue every idea you have, but you owe it to your future self to at least explore the possibility seriously. You won’t regret things that you decide not to do for a good reason, only the things you decide not to do for bad ones.
The truth is, the risks associated with entrepreneurship are all relative. And now that the rules of the game have changed so much, it’s not fair to write off the possibility of starting your own business just because it’s too “risky.” You actually may stand to lose a lot more if you don’t.


article from Adelaide Lancaster on Forbes.com: http://www.forbes.com/sites/thebigenoughcompany/2011/11/03/5-reasons-to-start-a-business-even-in-this-economy/