ACCOUNTING AND YOU

Hello friend. "I have an accountant who takes care of my accounting needs." That is what we tell ourselves all the time, thinking that this will save us the pain of going to class and learning all about accounting.The hard truth is that we all need to know a little about accounting or some basics, or you will end up being swindled by your accountant or find yourself in deep financial trouble!!

Celebrities and millionaires have fallen prey to mismanagement of accounts. Therefore a little knowledge of accounting is essential for success in your business. That is what i am here for.

Monday, September 7, 2009

4 STEPS TO SUCCESFULLY START YOUR OWN INTERNET BUSINESS

1. You should be focused; what do i mean by this? Focus is a very integral part of starting your own internet business. By focus, i mean a lot of us usually get excited by the idea of starting a business on the internet because of the revenue that other people are making from it. However, very few of us actually take action and start. They just get excited about the idea and then get sucked into other things forgetting what they had set out to do. Therefore if you are focused, words such as ''sometime'' and ''someday'', should not be part of your vocabulary. You should start it NOW! There are a lot of fat rewards that are waiting for you on the internet, but first, you should resolve to take action immediately.

2. You should set a time limit; This is very important. If you are a goal oriented person, you should set a time limit for yourself to start the business. It sounds so simple to do and yet most of us actually fail to do it. As a common phrase that goes ''failing to plan is planning to fail'', we often find ourselves in this dilemma due to lack of planning. However, if you set a time limit for yourself, you will be set to accomplish what you set out to do and be well on track to be a successful internet entrepreneur.

3. Find your passion; What is your passion? Yes, a business on the internet is a business like any other. The same passion that you need to start a business offline, is the same kind of passion that is needed to start a business online. What are your hobbies? what do you like writing about? what is your favorite product? Whatever it is, write it down. in fact, write a list of 5 things that interest you or you are fascinated about. be it electronics,games,dolls,e.t.c. After listing them down, do a little research about the areas you have listed. You can use the Google search engine for starters.

4. Prepare your tools; Preparation is the next step in the process. As i have said above that an online business is jut like a business offline. Therefore the same tools you need offline are still the same you need online. In the previous step i had asked you to do a little research on the five areas you have listed down on the internet. I hope you did it because in this step, you should select the one thing from the five that has little competition on the internet or that you think you can offer a better service than those that are currently available. After selecting one, select a domain name for it. What is a domain name? It is like a license plate for your car, it is a unique address that you use on the internet that directs people to your website or blog. You should also get a host for your website or blog. This is the place that holds your website or blog on the internet. I also advice you to get a valid business name and register it physically in your country. as i said above that this is a business like any other, therefore you should also be legally registered in order to avoid hitches in the future. This is an online business with the potential to generate six or even seven figure digit revenues, so you better be prepared well. So, select a business name, select and buy a domain name and hosting account for your business. There are various companies that offer domain name registration and hosting accounts.
If you need help in this area you can email me at cashincomes3@gmail.com.

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