Avoid These Pitfalls When You Start An Online Business

Many people have succeeded in generating a supplemental income as they start an online business, part-time–and so can you.People with full-time jobs are deciding to build their own online home businesses all the time. It is a good strategy to start an online business on a part-time basis.I recommend you “ease” into having your own online home business by holding onto your full-time job as you build your dream. So, it’s not only a good idea to build an internet business, but it’s wise to do so part-time. Here’s why.You see, the recession has made it clear that many of us are at the mercy of our employers. We have learned that having a job does not mean having job security.If you currently have a job, consider starting your internet home business (part-time) while you still have some security.Here are 5 reasons why you should start an online business (while you are still employed):1. You need money to build a business–even if you’re operating on a shoe-string budget. Start-up costs for an online home business are lower than those of a traditional business. The internet offers us the least expensive and simplest option for building a part-time business, and home businesses have no large overhead issues, like brick and mortar establishments do. Again, it is easier and less expensive to begin online.2. You can easily go global. It is cool to be able to grow your presence internationally. Besides, your customers don’t know you are part-time.3. Holding onto your job takes the financial pressure off of you and off of your company. We all know that it takes a while for a business to start showing a profit. A realistic time frame when you begin is six to eighteen months. So, try to be financially prepared for this.4. You will have time to hone your sales and marketing skills because you are meeting your financial obligations with your full-time job. Marketing online takes know-how. You should give yourself time to learn internet marketing and be prepared to invest in your training.5. You can still have a life if you carefully manage your time well. As a matter of fact, if you set your business up correctly, you may be able to make money as you sleep, 24-7 and internationally.(As a side note…I urge you to be sure to review your employment contract, especially if your online home business competes with your job. Also, your employer may frown upon you talking to your fellow co-workers about your company. So, be careful not to cause problems at work as you set out to start your online business.)Remember, you want to hold onto that job at least until your new company can sustain your lifestyle.More things to consider when you start an online business:1. Are you ready to stay current with the constant changes taking place on the internet? What’s your plan for keeping up-to-date with these changes?2. Are you technically savvy? If you aren’t, will you outsource the “technical” stuff or can you get the training you need?3. Are you willing to work hard in your home business, even when you see little results at first?Again, the goal is to get going and build a full-time income, on a part-time basis.How many hours will you have to commit to this?They say that you need two or three hours a night and more on weekends.So, to start an online business you will need commitment, effort and consistency. Again, if you set up your online home business correctly, you will begin and continue to make money even while you are sleeping.Are you ready to start your online business?

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How to Write a Telecommunications Business Proposal

The telecommunications industry is one of the fastest growing industries in the world today. The field includes a wide variety of organizations that do everything from telecom infrastructure, designing and manufacturing tablet computers to selling service plans to cell phone users.Whether you specialize in building and maintaining wireless networks, satellite communications, or in creating the latest Wi-Fi reading application, you always want to grow your market share or get your new projects approved or funded.These days, when competition is fast and global, it’s vital to constantly increase your client list or customer base, secure new projects, and form new partnerships.After you identify a potential new project or beneficial relationship, how do you go about convincing the other party? The telecommunications business is complex: a brochure, phone call, or handshake is not likely to seal a new deal. You almost always need to spell out a lot of details, which means you need to write a business proposal.If you’ve never written anything other than memos or in-house reports, the prospect of writing a proposal may sound like a monumental task. But it doesn’t have to be. All business proposals have the same goal–persuading the reader to agree to your ideas–and the best proposals share a common structure, too.The first thing you should know is that a good proposal should always be customized for your potential customer or partner. Of course you’ll talk about your products and your organization, but you should describe them in terms of how they will meet the needs of the other party. To start, gather all the information you can find about the people who will be reading your proposal. What, precisely, is their business? What is their organization’s history? What do they care about? What do they already know about you, your project, or your products? What questions will they have? As you may have guessed, the biggest question most organizations have is “What’s in it for us?” So keep the benefits to your potential customer or partner first and foremost in your mind as you create your proposal.A proposal has four basic parts: introduction, description of needs and requirements, description of project or goods or services offered, and description of your organization’s expertise.When your reader opens your proposal packet, the first thing he or she should see is a Cover Letter introducing your proposal. Keep this short–just introduce yourself, explain why you are sending your proposal at this time, state what you would like the reader to do after considering the proposal (call you, sign the enclosed contract, set up a meeting, etc.), and provide all your contact information.The next page should be a Title Page for your proposal. Simply give it a descriptive name. Some examples might be “Proposed Expansion of Transmission Network to Expand Wireless Coverage Area” or “Proposal by Smith Company to Provide Cell Phone and Internet Services to Jones Corporation.” If your proposal is long or complex, next you’ll want to include a Table of Contents and an Executive Summary–a list of the most important points. But you will need to create them after you’re done with the body of the proposal.On to the next section: the description of needs and requirements. Put yourself in your potential client’s or partner’s position. What do they want or need? If you are responding to an RFP, that will be spelled out in detail in the RFP and you can simply repeat that information here. In other cases, you have to describe it for the reader. For example, one company’s traveling sales reps might need reliable, long lasting cell phones that can easily share information with company computers; another company might require cutting edge security software to encrypt their sensitive global transmissions. As well as describing the needs in this section, describe any requirements or limitations you know about. These might be costs, deadlines, or specific details such as devices, operating platforms, download speed, ability to interface with multiple networks in multiple countries, etc. In this section, you’ll have pages with titles like Problem Statement, Needs Assessment, or Goals and Objectives, as well as Requirements, Specifications, Performance Requirements, Interface Requirements, Limitations, Deadlines, Schedule, Market Demand and any other topic pages you need to describe the current situation.Next up is the section where you describe exactly what you have in mind, taking care to explain how your project, products, or services will meet the needs and requirements of your potential client or partner. Include as many topics as necessary to fully describe your proposal–you want to show that you have a well thought out, detailed plan for success. The pages in this section can include a wide variety of topics, depending on your business and the project you have in mind. Most proposals will use general pages with titles like Intent, Project Plan, Products or Services Offered, Options, Cost Summary, Schedule, Benefits, and so forth. If you’re proposing to upgrade telecommunications equipment or software, you might want pages like Legacy Systems, Hardware, Software, Integration Plan, Training, and so forth. If you’re proposing a joint venture to develop a new device, you might want pages like Design, Prototyping, Collaboration, Investment, Responsibilities, Timeline, etc. In this section, try to anticipate questions the proposal reader might have, and provide answers in advance to show your ability to plan for all eventualities.In the final section of your proposal, it’s time to explain why the proposal reader should pick you as a partner or supplier. Here, you’ll provide information about your Company History and Clients Served, similar Projects you’ve worked on, your Expertise, any special Certifications or Training you have, and perhaps information about your Team Members or company Personnel who will work on the project. If you have Awards, Achievements, Referrals, or Testimonials, include them in this section.Now you have a first draft of your proposal. Take the time to proofread it carefully and make every page look and sound as professional as possible. Consider using special fonts or splashes of color to make it look attractive. Visual appeal is especially important in competitive situations where you need your proposal to stand out.The more proposals you write, the easier the process will become, because you’ll reuse information and some topic pages will be the same in every proposal. However, always remember that customization is the best key to success–be sure to tailor each proposal to the specific organization and readers you are targeting, and explain how your ideas will benefit them and meet their needs.You might also like to know that you can get a jump start on any proposal writing project with pre-designed proposal kit. A proposal kit will come with sample proposals you can look at to get ideas, and pre-designed topic templates. Each template in a proposal kit will have instructions and suggestions to prompt you for information on that topic, so you’ll never sit and stare at a blank screen. Using a proposal kit can help you efficiently create great-looking business proposals.

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Consumers ‘Still Need To Organise Finances During Christmas’

The true cost of Christmas for many consumers is falling, according to a new set of findings.In research carried out by Halifax Unsecured Personal Loans, based on the Retail Price Index categories from the Office of National Statistics, the price of numerous items usually bought over the festive period has fallen during the past year. Leading such decreases are toys, in which the cost of such products has gone down by six per cent, while jewellery and turkey has each seen a one per cent price fall. Furthermore CDs, socks and woolly jumpers have both decreased by two percentage points. As a result of such price decreases, a number of Britons may find the financial pressure they face in the approach to the festive period diminishing, thus leaving them in a more capable position to meet other demands on their spending such as loans, utility bills and plastic cards.However, it was not all good news, as the real price of books has gone up by two percentage points, with confectionery posting an increase of one per cent. Meanwhile, the real price of toys has fallen by some 45 per cent during the past decade, with socks and woolen jumpers decreasing by 42 per cent. Research from Halifax also indicated that the cost of spirits and brussels sprouts has decreased by 26 and 18 per cent. Over the last ten years, the cost of confectionery has gone down by three per cent.Remarking on the findings, Neil Chandler, head of Halifax Unsecured Personal Loans, claimed that as well as spending money, the time of year also acts as an ideal opportunity for consumers to get their financial management back on track, whether this involves switching current accounts or making personal loan repayments.He stated: “Our research shows that the cost of traditional Christmas favourites has actually fallen – good news for Christmas shoppers. However, just because the real price of items such as toys, CDs and Christmas cake has fallen, doesn’t mean we don’t need to budget and organise our finances.” The expert added that “there’s no reason why sorting your finances should take any longer than decorating the Christmas tree”.After taking the time to get their monetary situation in order during the winter months, those Britons who find that their expenditure is not matching their income may wish to apply for a personal loan to help supplement their spending. Speaking earlier this year, Samantha Owens, head of personal finance at Moneyfacts, reported that those considering applying for a loan should “act sooner rather than later” as a number of money lenders have either increased the rates of interest attached to their borrowing products or withdrawn from the market altogether.However, she asserted that prospective borrowers should still be able to find cheap loans, particularly if they wish to take out a large sum of money, if they act now. The Moneyfacts representative added that Britons could find that applying for a loan is “a very different picture in a few months’ time” in comparison to the present situation.

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