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What to Do with your idea

The best business ideas usually come over some type of beverage gathering, an epiphany during a struggle of your own that could make other people’s lives easier, or an opening of an opportunity presented in broad daylight. So now that you’ve had this million-dollar idea, what comes next?  Here are a few things to consider to see if this idea is worth putting your time and energy into.

5 Things to Do To Make Sure Your Million Dollar Business Idea is a Good One.

million-dollar business idea

1. Know Your Up Front Costs

Do you have enough money to get off the ground and into the market?

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Pre Business expenses
Pre Business expenses

Pre-business Expenses: Meetings and Travel

We’re back to bring you the second part in our four-part series on Pre-Business Expenses.  If you missed the first week, you will want to check out Training Certificates and Coaches.  This week, let’s take a closer look at receipts you have been accumulating from those meetings and events you are attending before you are incorporated or registered as a business.  Keep in mind, you can claim these expenses, but you also have to demonstrate it created results for revenue.

Most business are developed on the spot because a connection has been made between two parties to provide products or services. 

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To those who prepare for business we salute you and offer tips

Preparing to start up a new business is like preparing for battle.  It is ridiculous to go into battle unprepared, and equally ridiculous to start up a business without preparation.  

The good news is that there are multiple ways to prepare yourself for this new journey.  Even better news is that it doesn’t always have to cost a fortune.  It may not be necessary to get a Master’s in Business or spend months attending college.  

In preparation of starting up a business, may I suggest that you adopt the urgency of someone preparing for battle? 

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Shifting from employee to business owner

You probably have sleepless nights thinking of nothing but this new venture you are about to take on.  The one thing that will most likely deter 80% of  new business owners is managing the transition from a steady income from a secure job, to a position where they will only get paid based on what they bring in on their own hard work.

So what advice can be given to help move from one level of income to another?

This depends on a couple of factors:  how fast you can shift, and the level of growth you can bring to the business.…

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Being a business owner

Are You Ready to be a Business Owner and not an Someone’s Employee?

It was the last Friday in April, sitting in a bullpen located on floor 4, when I realized I was destined to be more than simply being a paper-pushing accountant.

That moment where you look at the clock almost every hour, wishing you were somewhere else.  That is the moment that you either change jobs or move on to being something greater.

Making that decision to become a business owner comes with plenty of trials and errors.  There were no manuals and few people to guide you on the path of how to transition from being an employee to a business owner. …

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