Showing posts with label business opportunities. Show all posts
Showing posts with label business opportunities. Show all posts

Friday 5 October 2012

Do I or Don't I?....

Do I or Don’t I?…


It was a dilemma, do I or don’t I cancel the training for Wednesday? It was a small crowd of 15 people coming from around Wales and England. Was it fair to let them down by cancelling at the last minute?

My step-dad died on Sunday after being in hospital and care since Christmas. It was unexpected. He had a temperature Saturday night and was taken into hospital. Seemed fine but within a couple of hours was gone.

In addition, we are still reeling from the burglary and all the repercussions that involves with the police and insurance companies. The thought of trying to put on a smiley happy persona in front of 15 people was the last thing I wanted to do.

I decided to go ahead and turned up with my folders and pen in hand. It didn’t take long to realise what a great, motivated and enthused crowd we had.

I’m really pleased I made the decision not to cancel. The session started quietly, as they always do, as people wary of one an other at the start begin to relax. Within 40 minutes there was a buzz around the room which grew for the remainder of the session. It was a good crowd and fun and the energy was so infectious I thoroughly enjoyed the training.

So I have to say a big thank you to everyone who turned up. I hope you got something from the training. I know you gave me a lot.

Saturday 21 January 2012

Why Home is Best ...

Why is there still so much stigma associated with working from home?

I hear all sorts of comments about lack of professionalism if you don’t have a high street presence, a factory outlet with your business name blazoned around the four walls; an office where you can meet customers and suppliers; it will stop people taking you seriously. These are just some of the so called ‘expert’ advice offered every day to people wanting to start new businesses.

Being self-employed was not something I had planned to do. My husband had quit his job over a dispute with management. This was on a Thursday by the following Tuesday the word was out that he had left the company. Our home phone started ringing with his old clients asking him to continue working just for them. Our first business was up and running from home by the end of the day. My husband was dealing direct with the clients and I was dealing with the admin, marketing and infra-structure. From our spare bedroom we grew our business to eventually employ 19 staff. Customers weren’t concerned with where we ran our business from they wanted the skills, knowledge and service our business could offer. Within 18 months we had 85% market share. Not bad for a little business run from a spare bedroom.

Today, I still run my businesses from home and love being home based. There are numerous benefits:

• I’m an early riser often up at 4:00am. I don’t want to be worrying about getting ready to go to work and disturbing my family in the process. Instead I pull on my dressing gown, go down stairs and get a few hours work done before my family wake up.
• Flexibility is really important. I can work around my daughter’s school days and when she is on holiday so am I.
• When the weather is fine I work in my lifestyle garden. When it’s wet I’m indoors.
• No worry about opening an office or making sure I have staff coverage.
• I don’t employ staff anymore instead I use the services of self-employed people who want to run their own businesses from their own homes enjoying the benefits that I do.
• I have a network of successful business people working with me. As we are all home based the relationship is different to employer/employee or business owner/contractor. We get together more as partners/friends and discuss work in progress and ideas for our businesses over a cup of coffee.
• Lower overheads means my businesses are more profitable
• My productivity is better as I’m not commuting to work or tied up in management meetings and staff meetings.
• My outsourced work is of a better quality as it’s done by home based self-employed people whose next job is dependant on satisfied customers.
• Technology has made it much easier to work from anywhere all I need is my laptop and mobile phone and my office goes everywhere with me so I can utilise my spare time better.

So, no matter what you are currently doing, think can it be done by a home based self-employed person easier. I’m sure it could. Home based businesses are definitely the biggest growth area today and for the foreseeable future.

Friday 25 November 2011

The Panic is Starting...

The panic is starting .......No, I'm not talking about doing your online Christmas shopping. Although if you haven't yet started it probably is time to start panicking.  What I'm referring to is the imminent problems in Europe and a worldwide depression.

Every day in the news we hear more countries in Europe are facing financial difficulties. How many people have forgotten about Greece which has been shoved to the background because of the new stories emerging? Their problems haven't suddenly gone away they just aren't newsworthy at the moment.  In a couple of weeks when they are again due to run out of money they'll be thrust back into the limelight again.

The countries currently in the headlines are:

Germany - once thought to be the savious of Europe and the Euro have found themselves out of favour with investors and this week failed to sell their full 6bn euro bonds. They could only sell 3.6bn euros and that was for much higher interest rates than expected. With opportunities to resolve the European turmoil squandered and  rumours circulating that Germany is printing deutchemarks in readiness for the fall of the euro it is no wonder there was a lack of confidence in buying German Bonds.



France - also squandered an opportunity to tackle the european crisis.  Their banks more than any other country have large exposure to sovereign debt.  Any default or break up of the euro would leave them vunerable to collapse. Rating agencies are looking carefully and France and their AAA rating is at risk. So France's attempts to sell French bonds was met with a luke warm market and interest rates were much higher than previous sales.

Other countries - in the headlings this week are Austria, Belgium and Latvia who all have banks in financial difficulties who are likely to need bailouts. Latvia nationalised it's bank but that hasn't helped stop the run on the bank in question

Europe is heading for recession and bar a miracle is probably already in recession and that will impact on Britain and other countries worldwide.

Today the FSA announced that banks need to have emergency plans in place inreadiness for the collapse of the euro. They went on further to say the euro could collapse within weeks.  European banks are frantically trying to sell off assets so they have cash in hand to deal with the crisis.

And what about us as investors? Well, Britain is still a relatively good place to do business.  Opportunities exist if you go looking for them. It is very much going to be every person providing for themselves and not relying on others to do it for them.  Keep building those assets and you will have a better chance of surviving 2012.