As today’s economy is still struggling, many people are finding themselves too fearful to take their first step toward operating a home based business. They are afraid of many things, but one of the things they are most fearful of is their competition. They just do not think they could start up their own company and compete with a company that is already established and may be bigger. If you are too fearful to start your own company in your home, the following are just three reasons why you should not fear any of your competitors:The main reason you should not fear your competition is that they will be providing you with the motivation to do better. When many people start a home based business, they often find they have difficulty staying on task and getting their work done. No one is hovering over them, telling them what to do, and, well, there really isn’t any personal punishment for not getting the work done (beyond the fact that you don’t get paid). However, knowing your competition is taking your customers away from you will give you the motivation you need to do your best.Another reason to not fear any of your competitors is you can use their business to better your own. One of the best things you can do is evaluate your competition and see exactly what they offer and how they are promoting it. You can use your own company to fill in their missing gaps. By offering better quality products and services to your target market, you can be sure your competition is not going to stand a chance against your own business.
Last, you must not fear your home based business competition as there is always room in today’s world. The key is to not give up. You are going to have to work hard, especially if you are competing with a much larger company. However, if you take advantage of all of the promotional opportunities on the Internet, there is no reason why your own company can not be successful and make your own place in the world.
Three Reasons Not To Fear Your Home Based Business Competition
Start a Home Based Business in Retirement? Part 1 – Will a Home Based Business Solve Your Problem?
Congratulations. You’re retired and you thinking about starting a home based business.You’ve probably heard that at an Alcoholics Anonymous meeting each person gets up and starts his talk by saying, “Hello, I’m __________ and I’m an alcoholic.”What they’re doing is admitting they have a problem, and they want help and support in solving it.Well, now that you’re retired, you’re reading this because you have a problem, so say aloud “I’m retired, and I have a problem.” That’s right; the first step in solving your problem is to admit that you have a problem.Perhaps your problem is:
Your retirement nest egg has been severely hurt by the drop in the stock market, or You can’t afford to take the vacations you want to take, or You have trouble paying your bills, or You’re just bored.
Whatever your problem, you’re wondering whether starting a home based business is a solution for you, and if it is, which business opportunity should you select, and what do you have to do to make it successful enough that it solves your problem.I started a home based business because my wife had a serious accident, and I needed to spend more time with her at home. I solved my problem by starting a home based business. Before making a decision, I thoroughly researched all the data available, so I could make an informed decision.I spent months collecting data. Hopefully, by giving you the results of my search, you will find your answers in a much shorter time.Briefly, what I found out is that a home based business can be a way to solve your problem. A great many people are making a very good living from their home based business, but many, many more are not only not making money, they are losing money.People lose money because they believe the hype that it is possible to make a lot of money in your spare time without any expertise and with very little expenditure of time and money. When they find out that this hype is a lie, they give up.A home based business is like any other business. You can make a lot of money in a home based business, but like any other business, it takes hard work, marketing skills, and an investment of time and money.Also, you can run a home based business part time, but you can’t run it in your spare time. You have to dedicate a specific amount of time to your business, and allocate that time to the various tasks that you must do to have a successful home based business.The key to a successful home based business is (1) using modern marketing methods and (2) finding a mentor who will help you get started. If you do these two things, you can succeed in any opportunity you choose. However, for a retired person, some opportunities are better than others.In succeeding articles, I will discuss these points in more detail.As I said at the beginning, you probably are looking for help and support to solve your problem. If you want help in solving your problem, don’t hesitate to email me, and I will do my best to help you.
Real Estate Law – What You Must Know
Real estate or Property law is one of the safest investments and people use it as an investment avenue. It’s not meant for attorneys and estate agents only. Every property investor should understand the basics of real estate law.
A good short note on the law can be of great importance to investors. Investors need to understand it relating to legal procedure that will help in a smooth transfer of title of the property they are acquiring or selling, and other relevant documents and procedures. Investors need to understand the financial implication in acquiring property and the guiding law.
Classification of properties and how basic property laws apply to investors should be the Interest of the investor. The law has different applications to commercial and residential properties and investors/sellers should understand this. The tax laws relating to property are some of the thing that would be of interest to investors. Investors should study taxes on properties; how loans are treated in relation to property law.
Tenancy aspect of the property law should be well understood by landlord/lady who wishes to rent out their property. Investors should not put all their energy on studying the law alone and leaving the investment aspect of it. The law should be left for the expert in this area such as property lawyers and property brokers.
Understanding the various legal terms referred to in property laws can also help you in not only enhancing your understanding of real estate but also help in making your conversations with property attorneys/agents really fruitful. The laws are different from state to state across the country but the basic laws are same especially property tax. Property tax also changes over time but any major changes will be published in the newspapers and any other print media. The law is what any investors must know as a guide to real estate investment
Olusegun Kayode is a Lagos Based Real-Estate Consultant and a Freelance Writer