Is an Online Business Opportunity Right for You? Part 1 of 7

April 16, 2009 by Carl Tambeau · Leave a Comment
Filed under: Internet Business Plan, Online Coaching

There are pros and cons to starting your own online business opportunity. On the negative side, you may experience cash-flow challenges, you will no doubt have to deal with a significant amount of risk, you will no doubt have to work longer and harder hours.

Starting an online business opportunity will not work for everyone as you need to be self-motivated, resilient, confident, a risk-taker and make sacrifices required when being self-employed.

Prior to starting an online business it is important you research the industry you want to enter. Google is a great place to start to understand the competition that is online in your chosen niche. You need to complete an exact search on keywords related to your niche, record the monthly search results which will give you the competition for that particular keyword.

This is part of a strategy used in creating a business plan for your business. A business plan will help you with the following:

formalize your business ideas
prepare your business for financing, if applicable
uncover weak areas in your business strategy
Improve your chances of success

Our IBP Strategy can help you to prepare a strong business plan which will provide you with a tool to track your success. In creating your internet business plan there are critical factors you need to pay close attention to therefore as you put together your plan for your online business opportunity, study all the facts and make sure you pay attention to what the facts are telling you, good and bad.

It is not an easy decision to start an online business just as it is not as easy to abandon a great idea that the research proves to be non-profitable. Take your research serious and in doing so, will save you many wasted hours, accept what you find and work with it.

Have a great day!

Regards,

Carl Tambeau
Founder of Pro Marketing Resource

Tags: Business, Business plan, Cash flow, Consulting, online business opportunity, Small business, Strategic management

Can You handle the pressure of an Internet Entrepreneur?

April 10, 2009 by Carl Tambeau · Leave a Comment
Filed under: Internet Business Plan, Online Coaching

Yesterday, we gave a brief overview of business ideas for Internet entrepreneur, touching slightly on franchising for Internet Marketers.

We ended our post advertising for you to research your business ideas, especially franchising. When you are planning to launch a business idea online or offline “research” is key.

Recently, we have been working on creating a product related to this very subject. On April 18, 2009 we will be launching our product to the public – it is called “The IBP Strategy” and is geared to be help you to systematically create your very own business plan.

Not all individuals who desire to own their own business can attain the goal, to be an internet entrepreneur. One of the most common reasons for failure is because the person did not have the right business plan. The other reason is a lack of personal dedication and commitment.

Look at it this way, Read more

Tags: Business, Business plan, Consulting, Entrepreneur, Franchising, internet entrepreneur, Online Coaching

What Are The Elements of A Business Plan?

April 6, 2009 by Carl Tambeau · Leave a Comment
Filed under: 30 Day Challenge, Internet Business Plan, Online Coaching

There are varying opinions on what a good business plan should contain and what can be left as assumption.

Personally speaking what your business plan contains is directly related to the purpose of creating the plan in the first place.

Your plan of action has to be geared to your audience but you don’t need several different business plans for one company. A good idea may be to to highlight certain data, depending on your audiences needs and the purpose of the presentation. As an example for your banker it is best to have a financial plan or financial forecast of a viable business, otherwise you have nothing to back up the businesses ability to repay any debts being obtained or being reviewed. This particular form would be known as Financial Statements.

If you are making a presentation in front of “would be investors”, as you are looking to raise capital for a large project, then you will need to give investors some comfort which states the benefits outweight the risk. Investors only care about getting their money back with a decent return therefore they would be best suited to be presented on a forecast of your business projections as far as upcoming projects and the benefits of projects and/or products – how much market share the business is getting with products and services, how strong is the management team and what are their values in building the business.

Hopefully you are understanding the point to this message, so whatever you do don’t let what your business plan should look like hold you up, create your general Business Plan and then depending on your audience’s needs add to or take away where and when necessary.

Remember your reputation is on the line therefore don’t attempt to BS or fluff up what is not really there, be honest and have documentation including relevant market research to back up your theories or stats.

Regards,

Carl Tambeau
Founder of Pro Marketing Resource