Entrepreneurscom:

Every society needs entrepreneurs so as to help keep their economy rolling. Whenever there are newbies in the field, it indicates probable good economic competition. New players usually bring innovation and new ideas to the table. However, no matter how plausible their strategic and business plans are, if they don’t have the start up funds, their ideas remain in the shelves. To start and keep businesses moving, entrepreneurs need money inevitably.

There are many sources available that are lenient and giving to new businesses. They offer great terms and policies that are suited for starters in the business industry. The following are great resources of business start up money:

Personal Savings. First and foremost, personal savings are a great source of business funds. Prior to any implementation of business plans, entrepreneurs have the chance to save up years or months before. If it doesn’t fully cover the business start up costs, it is a tremendous help nonetheless.

Credit Cards. Using credit cards, entrepreneurs can cash money but with relatively great interest rates… Read on.

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FranchiseKey:

Do you ever get the feeling you are missing out? Currently, there is so much talk about social and business networking websites that you might think you are the only one not taking full advantage of them. Don’t worry – you’re not. Most of us still haven’t quite caught on to the power of this new media.

To help improve your knowledge of this subject, at the forthcoming Franchise Supplier Showcase www.franchisesuppliers.co.uk the guest speaker will be a web marketing expert. He will be giving the audience an insight in to social and business websites and in particular how a franchise network can make money from them.

Web marketing expert Paul Tansey of Franweb commented “Trying to keep up with developments in this area is a full time job – in fact we have to dedicate members of our team to just one of the social and business networking sites each. Only by concentrating on one can they stay abreast of changes.”

Read on…

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Forbes.com:

One of his former students is selling genetically altered glow-in-the-dark goldfish. Another is developing a diaper with built-in baby wipes. For John Butler, a professor of entrepreneurship and management at the University of Texas at Austin’s McCombs School of Business, such occurrences are part of daily life in a town bursting with startups.

“We’re in the With the exception of Silicon Valley and its hordes of startups vying to be the next Google or Hewlett-Packard, few places are as closely associated with entrepreneurial capitalism as Austin. But the truth is that new businesses are set up everywhere–especially in tough times like these. Whether it’s by choice or by necessity, starting your first business has several things going for it: a way to create wealth and opportunity when both seem to be in short supply; a chance to be your own boss; and a chance to try something that could take you far beyond the bounds of cubicle culture.business of wealth creation,” Butler says. Read full article.

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DO’S

1. Learn basic accounting before you go into business. Go to school if necessary.

2. Consult and retain an accountant familiar with your industry before you start.

3. Determine what accounting software program works best for your business.

4. In the beginning, do your own bookkeeping to gain knowledge of your accounting.

5. Set up inventory policy and internal controls including safeguards against dishonesty.

6. Reconcile your bank account at least once a month when your bank statement is received.

7. Maintain and update your cash flow control spreadsheet monthly.

8. Plan to outsource your payroll and payroll reporting to a payroll service provider.

9. Prepare financial statements at least monthly, keeping your business records separate from your personal records.

10. Regardless of the type of biz you have, you need to accept credit cards to stay competitive in your industry. And for that, you need a merchant credit card processing service that understands your business. A merchant account is a type of bank account that allows your business to process debit and credit cards payments for orders made through the internet and/or a physical location. It is essential that you research various credit card processing services according to the specific needs of your business.

DON’TS

1. Delegate the authority to sign checks to anyone.

2. Use money withheld for payroll taxes or sales taxes for other purposes.

3. Commingle personal assets with your business assets.

4. Delegate cash flow projections–your lifeline to liquidity.

5. Be optimistic in sales projections or conservative in expense projections.

6. Rely on verbal agreements on any important matter including purchases.

7. Pay an invoice without matching it to your purchase order.

8. Delegate your relationship with your lending sources.

9. Wait to establish credit sources until you have a need for financing.

10. Overlook seeking advice from your accountant and lawyer on important financial matters.

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Lawdit Commercial Solicitors:
Before you apply for a patent application in the UK you should consider the following:

1. Is there another type of protection that is more appropriate to protect your invention?

You may also wish to consider these alternatives in addition to patent protection.

Confidential Disclosure Agreements and non-disclosure agreements
You must not tell anyone about your invention before you apply for it as this will make the patent invalid.

Therefore, if you intend to discuss your invention with third parties prior to applying for a patent, you should consider entering into a confidential disclosure agreements or a non-disclosure agreement with that party.

Plant breeders’ rights
Plant breeders’ rights are a form of intellectual property designed specifically to protect new varieties of plants.

Trade Secrets
A trade secret is a formula, practice, process, design etc which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers.

Trade secrets can be kept secret beyond the term of a patent.

Continue reading this article.

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AusBusiness Review:
Stephen Farrington is the CEO of Online Buzinezz that can be found at http://onlinebuzinezz.com having begun the long and arduous path to successful online business development Stephen has committed to helping others by writing about what he has learnt as he learns it.

It truly is a great time to be an entrepreneur.

Technology has levelled the playing field and there are online business opportunities for all budgets and knowledge levels.

There are so many online business opportunities offering to help the budding entrepreneur make money online that it can be a bit over whelming and this is one of the first hurdles that the new entrepreneur has to overcome.

The online business entrepreneur now has more information on hand than ever before in history. You can Google search just about any topic and come up with more information than you can deal with in a day.

Making money online may not be as easy as just searching on a search engine but there are numerous opportunities out there for the entrepreneur that has a discerning eye.

The speed of the internet development and the speed of online business development means that the online business entrepreneur is better placed to identify and take advantage of online business opportunities than large corporations, that have multiple layers of policy and proceedure. There are some things to consider as you develop your entrepreneurial online business though.

1. When should you become fully dependent on your online business for income?

Read on…

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Toilet Paper Entrepreneur Blog:
1. No Man/Woman Is An Island
Where To Get Free Entrepreneur Support: Most recently when I was “stuck” I realized I knew a number of successful entrepreneurs. I emailed them requesting an hour of their time and detailed exactly what I was looking for during our meeting. To my delight, everyone responded, appointents were set and ideas and information flowed. People really do want to help. It’s up to you to remember to ASK!

Thanks To: Monica Marie Kosiorek of UNLOCK YOUR POTENTIAL LLC

2. Advance With Free Advice!
Where To Get Free Entrepreneur Support: Free advice from trusted sources is the best way for entrepreneurs to get started. So where will you find it?

This information may easily be secured online.

Type your category such as legal forms, sales, or inspired speaking into a search engine query box. A long list will appear – begin clicking and reading. Next,refine your online search to articles & blogs on a specific subject. Check free resources on websites too. Good information is given away for free to entice future purchases.

Thanks To: Elinor Stutz of Smooth Sale, LLC

3. Ask And You Shalll Receive
Where To Get Free Entrepreneur Support: If you are just starting your business, I recommend consulting the SBA office in your area. The SBA has staff with expertise in all areas of business.rnrnIf you are operating a “seasoned” business and need help strategizing your company’s growth, I recommend hiring a consultant. When you consult with an expert, you get the exact information, tools and ideas you need to take your business to the next level.

Thanks To: Janet Boulter of Center Consulting Group

Full list here.

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Buckinghamshire Advertiser:
A successful Gerrards Cross businessman is giving young entrepreneurs the chance to pitch ideas to him via a social networking site.

Simon Dolan, who is one of the UK’s leading businessmen thanks to the accountancy firm which he established, has come up with the Tweet a Pitch idea, which will give budding entrepreneurs the ability to pitch ideas to him in 140 characters or less on internet phenomenon Twitter.

He will then take the best ideas forward, before making a decision on the company he would most like to invest in, and eventually using his finances and expertise to assist in building the business.

The idea has already been met with enthusiasm in the business world, and has been compared with the idea to BBC television programme Dragons’ Den, in which business ideas are put to a panel of experts who decide whether or not to invest in them.

Mr Dolan said: “It is often said that the best ideas can be pitched in 30 seconds or less, which is why I came up with this idea.

“Loans are very hard to come by, and people are looking for new and innovative ways to gain funds for their business ideas. Read more.

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PRLog.Org:
So in more difficult economic times, it stands to reason that most small business owners shouldn’t even consider it. Yet, according to Peter Hans of Resort Maps, creator of more than 90 customized travel maps across the United States, England and Puerto Rico, that kind of thinking could end up costing the small business owner far more than he or she might lose by taking some time off.

“It’s the very nature of a small business owner to think that they’re indispensible and that if they take some time off, they will miss an opportunity. The truth is by not taking the time off to recharge your batteries, you run a bigger risk of not performing at the level you need to be at to be successful in business,” said Peter Hans, president of Resort Maps Franchise, Inc.

So, how does the small business owner take a vacation and keep his or her business viable? Hans says there are ways to accomplish both, including:

Planning to take one week off per year and budgeting accordingly. Make your vendors and customers aware that you will be taking time off for a certain period well in advance.

Partnering with like businesses to cover for you while you’re gone (e.g. the owner of a telecommunications company services accounts for the owner of another telecom company, so he/she can take vacation). That favor is then returned so the other owner can take vacation. Continue reading this post.

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Virtual Entrepreneur blog has been featured on Executive MBA Programs blog by Adrienne Carlson. It’s always nice to have our work recognized by our peers but it’s even nicer to see that many moms are rocking their businesses. Congrats to all of them and enjoy the list:

Advice & Support from other mom entrepreneurs
Receive support and encouragement from other mom entrepreneurs with these blogs. They offer advice and share their stories on both motherhood and running a company.

1. The Mom Entrepreneur: Get the basics from a mom balancing motherhood and a small business. Her posts are filled with emotions when talking about the good fortune she has experienced and does not take for granted.

2. My Business Adventures: A Mom’s blogging journey of starting her own business. Share her ins & outs, wins and losses, anecdotes, and life’s lessons as she moves ahead.


3. Entrepreneur Mom: You’ll find practical tips and smart ideas about entrepreneurship on this blog. This mom also invites successful entrepreneurs to share their best advice with you.

4. The Solopreneur’s Million-Dollar Mindset: This woman helps entrepreneurs achieve their business and life goals rapidly and efficiently. She serves as a Success Coach for the nationally known organization, Count-Me-In for Women’s Economic Independence and helps award winners grow their businesses to one-million dollars and larger.

5. News You Can Use: Read this blog from the editor of WomenEntrepreneur.com, Eva Gumpel. Get her thoughts on everything from marriage to the joys of being a woman entrepreneur.

6. Make it Legal: A small business instructor’s handbook on law and entrepreneurship. This business attorney has been in the field for more than 15 years guiding small businesses through legal hurdles they face when starting and running their companies.

7. BizCentral USA – Small BizBlog: This blog is dedicated to educating the small and start up business enterprise. Women and minority entrepreneurs can find trends and comments pertaining to the challenges they face starting out.

8. EntrepreneurHER: A platform for women entrepreneurs who have either considered starting their own business or are experienced entrepreneurs. Find insight and support from other empowered women by learning and connecting.

9. FemalePreneurs: Young women looking to start a business can find all kinds of advice and inspiration here. Teaches women how to expand their business by using the internet and their growing expertise.

10. Girl Meets Business: Get some insight on how women can navigate the working world from the solid advice given on this blog. Mostly for women professionals who want to develop professionally through growth and learning but still want to be mommy too.

11. Forging Ahead: This is the story of Kjerstin Erickson who was 20 years old when she started her company, FORGE. She didn’t have a business plan and she didn’t have a penny but she now works in three refugee camps in Zambia, helping refugees build better lives.

12. Thoughts Of A Mom: Read these observations from this wife, mother, entrepreneur, and woman. She does not hold her tongue about issues that she feels are important to herself and her family.

Budget…
we were ranked # 19, continue reading this post and check it out!

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