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Entrepreneurs - You Might Want To Drop Out Of College

Keywords:

entrepreneur, business, college

Article Body:

Young entrepreneurs and business owners are often times faced with the choice of which road to take. On one hand, there is the more conservative route of staying in college and getting a degree. On the other hand, many have thriving businesses that are making more money than their degree will ever get for them. Is college simply a hindrance? Or is it a valuable resource that should be continued at all costs. Many college business owners don't even realize they have the choice of dropping out. Knowing this option is there could be vital to the success of their future business. If you are in college and are an entrepreneur or business owner you must ask your self this question: should I drop out of college?

The answer to this question often comes in many forms from many different people. I was recently at an entrepreneurial conference and had the opportunity to discuss this matter with many rich entrepreneurs. The answers I was getting from them were vastly different from those that my family had given me. On the one side I was being told that college is only useful if you are getting something out of it, and that if I was serious my businesses should take priority over schooling. From the family side I was being told to stay in school no matter what, put schooling at the forefront - there will always be time for business and it will be good to have a safe backup. Both of these answers have their merits, but which one is right?. It became clear to me that it was my decision- not the other wealthy entrepreneurs, and not your family.

Why are you in college?
This question is the fundamental element in the decision to drop out of college. Entrepreneurs must figure out the reality of why they are in college before making a decision to drop out. Some business owners are in college because their parents told them to go there, or because they didn't realize they had the choice. Other young entrepreneurs are in college because they find the information valuable and want to continue learning while they expand their business. Even more still had childhood dreams of one day being an engineer or architect and want to follow through with their early ideals. You must answer this question truthfully and honestly if you are going to make a choice about running your business full time or staying in college.

Why Do You Want to Drop Out?
It is very important to understand exactly why you want to drop out. Many business owners and entrepreneurs have vastly different reasons for dropping out of college and it is key that you understand yours. I have often fielded this question in conversation, and many times a young entrepreneur will want to drop out of college on pure speculation. This is never a good idea without a solid business plan. I recommend having a solid business plan and some backups in the least, as well as some plans for continued learning of business skills. Dropping out is a risky decision - entrepreneurs will understand and easily accept this fact. Understanding and accepting risk is part of being an entrepreneur and starting new businesses. I have also talked with many entrepreneurs who already have million dollar plus income, and are thinking about dropping out in order to focus more on their business. This instance presents an entirely new set of questions. Whatever your reasoning make sure that you understand and research your position.

Here is the Secret to Making the Decision
It all comes down to balancing the two sides of the argument. If you've figured out both your reasons for being in college and your reasons for dropping out and starting a business, then you can easily make a decision. The trick is to look at a list of both sides: your reasons for being in college and your reasons for going out and becoming an entrepreneur. If either side has reasons that aren't your own, or that have doubt in them, then you will most likely pick the other side. Here is an example situation, look at the two lists and decide what the student should do.

Student A - Reasons to Stay in College:
- My parents are paying for it, and they would flip if I left
- Everyone I know is in college, it would be weird to leave.
- A degree might give me some security later on.

Student A - Reasons to Drop Out and Pursue Business
- I have a solid business plan and have been working on it for months
- My income is almost half of my parents already
- Having more time to work on business would let me expand faster

I think it is fairly clear in this setup that we have an entrepreneur at heart. There is doubt in the reasoning behind college, and he also doubts that he will even need the security of a degree. The second list is much more profound and certain. This student knows he will be successful as an entrepreneur and he only wants to build his business more. There is certainty and understanding in his tone. With this situation it seems very likely that the student would be far better off dropping out of college and pursuing his business goals.

The case is almost never as cut and dry as the situation above, most young businessmen have far more complicated setups. Even with the complications, the end result is always the same. Follow the path that you are sure of in your heart. If you are an entrepreneur in the right position then you will know exactly why you want to drop out and that it will be better for you. Or, you will know that staying in college will teach you more about business and let you grow faster out of college. I will leave you with one last thing.

Listen to your own thoughts, and pick the path that you know is better for you.

Good Ways To Procrastinate And When Procrastination Might Be Good

Keywords:

procrastination, time management, personal development

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Good ways to Procrastinate and when Procrastination might be good.

I am writing this with the din of jackhammers in background. I am working on the weekend (surprising at that might be); feeling sorry for myself that I cannot get good quiet uninterrupted time in like I had planned.

I thought I would write an article on Procrastination since that is what I am doing now. I have more important things to do (please don’t take offence). I am going into a heavy travel schedule so like to have a few posts written or at least roughed out so I can post quickly while I am on the road. So writing a post is not a terrible use of time.

I started thinking about when procrastination might be good and came up with many types of good procrastination.

The rules of Good Procrastination.

1 – Procrastinate or leave something if it is likely to resolve itself if you take no action. Of course in this case, it likely should not even be on your list and should not be a priority.

2 – Procrastinate if letting something “stew” will lead to a better solution. In this case, I tend to not do nothing on it, rather I spend a while to organize it, think about it, write a few ideas down etc. Ideas tend to incubate better if some thought has gone into it before they are left.

3 – If you must procrastinate, do something else on your list that might be lower priority but still needs doing. This is like asking your child, do you want to wear the red hat or the blue one. Not do you want to wear a hat. Choose from 2 or more tasks – all that need doing.

4 – Procrastinate if you need a break. Sometimes productivity is an order of magnitude better if you are properly in flow and have the right energy, creativity etc.

5 – Sometimes I procrastinate on the big part of the job by doing the smaller parts around it. For example, rather than do my taxes (which I hate), I might just collect and organize things or set up a meeting with my accountant. Choose a part of the job that is not as ugly.

6 – Procrastinate by doing the more important task. This seems counter intuitive since good time management says you always work on the highest priority task (and you should be). What I often find is I am working on tasks that are causing me stress (so I want to procrastinate) only to realize, there are likely other more important tasks to do that I enjoy doing.

7 – Procrastinate if someone else is likely to do it (or if you can get them to do it). Of course, I never said I was a marriage counselor. Leaving the dishes or cleaning for you spouse might not be such a good idea – now hiring – that’s another idea.

Most of all, if you procrastinate, do not feel guilty. This only detracts from the “good” of it.

Still, working on something that is not your highest priority too often is not a good habit to get into. One of my favourite time management authors, Alan Lakein, says to always ask “What is the best use of my time right now?”.. So back to work.

Five Reasons Podcasting Might Be Right For Your Home-based Business

Podcasting has now become a very useful home-based business tool used today by many home-based businesses.

Keywords:

Home based business, podcasting, work at home moms, advertising, business tools

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Podcasting has been called the wave of the future. The truth, however, is that podcasting is the here-and-now and is rapidly gaining momentum across the world. There are podcasts available for just about any topic you can think of from cooking to video games to religion. As of February 2006, a Google search for the term “podcast” returns over 205,000,000 results. The amazing reality of this is that it is still, in effect, an untapped market that will continue its growth in the years to come.

Podcasting can have many uses for the home-based business owner. It can be useful not only advertise, but to also communicate your business message. Below are 5 tips on how to use podcasts to benefit your business:

1. Reach your niche market – Depending on your product, podcasting can be the perfect way to reach new groups of people in your market. Believe it or not, there are people out there looking for the product you provide and this enables them to easily find them.

Podcasts are quickly becoming a new advertising venue as well. A podcast that is listed in podcasting directories such as iTunes can reach thousands, even millions of listeners. This can be a very inexpensive method for advertisers on a budget.

The popularity of podcasts is a steadily growing trend. Many people who are just beginning to learn about podcasts will search for topics of there interest. This is a great way to reach customers that you would not have been able to reach before the advent of podcasting.

2. Share your passion – Podcasting is a great way to share what you love. If you are excited about a topic or product, chances are that others out there are, too. A podcast on the topic you are passionate about is a great way to connect with others who also share that same passion.

People can hear your excitement over the “airwaves.” I always enjoy listening to a program when the speaker is obviously energized about whatever it is he’s speaking on. So, when recording your podcast, keep a smile on your face and allow your excitement to show.

3. Share information – Many home-based businesses have begun because they are filling a need. A podcast can help this information reach the people that it will benefit. For example, CWAHM.com was created to help women be at home with their children while still contributing to their families financially. Many of the sites’ visitors are buys moms who may not have the time to scour the hundreds of pages the site contains. Our podcast, Christian Work at Home Moment, airs once a week and is 24 minutes long. It’s an easy way for moms to learn more about working from home without spending hours on their computer.

Make it a point to research your topic and find all of the interesting and little known facets of passion. Keep your listeners interested and they will want to hear more!

4. Become an “Expert” in your field – Creating a podcast can help to establish you as an “expert” in the area your broadcast covers. You must be willing to take the time, do the research and share information that is valuable and useful to your listeners.

Just as authors become experts by researching and writing on specific topics, podcasters become experts by sharing the information they find with their listening audience. There is a big market for podcasts in a multitude of areas – the next expert could be YOU!

5. It’s easy - A podcast can be started with virtually no cost or investment. In most cases, there is no need to be “tech savvy” to be a podcast creator. It can be as simple as using a phone to record your podcast through a service like Odeo.com. There are, of course, more complicated set-ups, but to begin you truly just need a topic, a phone and a quiet spot to record.

Podcasting is easy for listeners as well. A podcast can be listened to directly from a website or downloaded from iTunes and put directly on an MP3 device.

There are many reasons that a podcast can benefit small and home-based businesses. This growing market is an entirely new way to communicate information to the world. When it comes to podcasting, the sky’s the limit. So take your business to new levels and start podcasting today.

Home selling tips are everywhere – some suggesting things you might never thought of, some are general ones you’re likely to find everywhere. But just because they’re common doesn’t mean we should stop making them. Here are some home selling tips of our own:

· Getting your clutter out of the way will not only improve the home showings, but also makes it easier for you to pack your things

· Finish off whatever new constructions you’re applying with your house. No buyers would want to finish what the seller left off!

· When negotiating with the buyer, throw your bad mood away. It’s hard to discuss price when you’re still upset about the buyer’s plans to cut down the tree you love. Maintain an interactive discussion and build up trust. Even if the offer doesn’t work out, keep up a good impression.

· Don’t let buyers’ offers sway you – consult with your attorney about the price offered. Usually there’s a period of three days for you to accept or reject an offer. Also be prepared for home inspections, as usually this happens during this stage of the home selling process.

Like I said in the beginning of the article: home selling tips are endless, when you start looking for them. Choose only the tips that would best suit your needs and capacity. And if you still haven’t found one, chances are you’ll find it soon.

Home Business Might Be Your Next Best Bet In Financial Freedom

Keywords:

home business,internet,home based business,network marketing

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The home business industry is expanding continuously and research suggested that revenue generated from home-based business will increase by 17% yearly through the year 2008.

One key features of a home base internet business is it requires a VERY LOW INVESTMENT COST but VERY HIGH INVESTMENT RETURNS once it is established and running. Compare with other types of investment like stocks, properties and traditional businesses, if the investment gone badly, you might end up losing the principal plus the profits gained.

Furthermore, home based business is more flexible and it can be in any form. The working hour does not necessary be from 9 to 5 every day, you can start work at any time or even any where as long as you have access to a computer. The business can be your knowledge selling, i.e. sell an ebook about “how to fishing”; or physical product selling, for example trading on ebay; or doing surveys for company; or write advertisements for companies to promote their product and earn commissions.

One of the most popular home based businesses is “Network Marketing” or “Multi-level Marketing”(MLM). For over half of century, network marketing has grown quite a bit. Most network marketers earning from a few hundred dollars to a few thousand dollars a month. But importantly they enjoyed the freedom of working for themselves.

The concept of network marketing is simple. A company can offer their products and services at discount rates to you then by selling the products/services to others at a full price, you are earning the difference as the commission.

Therefore internet home base business is your BEST bet towards financial security. Once your home based business is on track, you will be enjoying your financial freedom by having two earning sources. One from your full time job and the 2nd one coming from your home based internet business. Most of all, there is big potential in home business income to OUTGROWN your full time income.

Nothing can entirely eliminate all of the risks involved with starting a business of any kind, but you can minimize the risks by being cautious. Careful planning and research into the business will help to lead you onto the road of success.