A Wise List Of What To Look Out For When Starting An Online Home Based Business

And there was light.Here is a wise list of what can help you gain the most with your business opportunity search…1. The very first thing to look for is to look out for hype. Many online businesses now a days and even back 15 years ago (that I can remember) try to out shine one another by saying this is the one and only business that you will ever need. They promise you the moon and stars for nearly no work at all (but they will certainly take your money), my advise, read reviews about the business if they have any. Do your homework. If they appear to be sound, after your homework is done, proceed. Join them.a) If you know in your gut (discern) that it’s nothing but hot air, don’t waste another minute of your precious time reading their hype. Some may say, “well it’s only $50 bucks or $100 bucks or even $200 bucks,” and yeah, sadly that’s what millions of others said before you and I (from my distant past) and we never saw it coming, the moment when we said, “I don’t want to do this, I just want to earn money online but not this way.”Be mindful of your time. Your time is precious on planet earth. Give yourself a break and invest your time in worthy causes, life changing businesses that are solving problems and not just making money at other people’s expense. It will catch up on those who do that sooner or later. I’ve seen it first hand from the side lines. By doing a little homework and careful planning and doing the right things, you’ll feel good about working with a online business you can share with your kids or grand kids.- Me, I’m all about morals. I love people, not money. Money is a useful tool and yes I like everyone else will use money daily, weekly and so on but money is not my god. When you win people’s heart, the money will come if you are persistent, have a goal and never quit and treat people better than you would like to be treated, it will get better in time, trust me on that.-2. If you are low on finances, you can earn money online by entering paid surveys. This is a great way to invest your time online outside of your day job. I know I have made money through surveys and when you get that money in your PayPal account, it’s like WOW, now I have extra money and I can do what I was planning.3. Also if you are low on investing into a business opportunity consider participating in focus groups. Focus groups are generally places in big cities (and some online) where you discuss a topic, a product or something of value where they need your unique view point about a matter and by doing so you will be paid for your time.
I have participated with quite a few focus groups in the past and I have been compensated for tasting candy bars, watching TV commercials and giving valuable feedback long before the product/or ad went public. You can earn extra money to fund your business opportunity and it’s great to know that with focus groups it’s your opinion that gets you paid.

There is no right or wrong when it’s your opinion that counts and anyone can do that.4. I have learned the hard way years ago to never and I mean never put all your eggs into one basket. Doing so will either (sadly) wake you up or could crush all your hopes and dreams. It’s always good to keep your options open when it come to business. Meaning if this one business opportunity doesn’t work for you and you gave it your all (and there can be multiple reasons why it didn’t work out for you), it’s always good to have a few logs in the fire to fall back on for just in case. Again it’s good to stick with one main business opportunity and give it your all but its good to have a few or at least 2 others in reserve.a.) Think about this, you are here now because you survived 1 out of 40 million sperm. You swam through an extremely long way through life to give up now! You can’t quit! You have a purpose! How can I say that? You are here, the other 40 million sperm are not! Tell yourself, “I was born to win, winning is much more than my personal goal, winning is my destiny because I am here and I am a winner, that’s what I am!” Believe that! Never give up on your dreams. You were made in the image and likeness of God. Respect that and cherish that truth. Tell yourself everyday that no matter what, I was born to win!5. When you do actually find a good online business that you can see yourself doing at least 5-10 years from now or longer (this is a good sign) spend quality time to find out all your can about it before pulling the trigger. Meaning read it, re-read it and bookmark it and come back to it the next day or few days later. Also if you are a believer of the faith, spend some time praying about it. Seriously. If the same energy is there after a few days or so, go for it. If not, don’t give up, as Sade song reminds me, “don’t walk around with a frown, oh no, keep looking.”6. You can sell other people’s products or service and make a commission when a sale is made. That’s called being an affiliate marketer. You create or follow a niche and post/promote about that niche and drive traffic to your post on a blog or website, through social media and that’s just for starters. Bloggers can make a really good extra income if you love to write. Find your niche or niches and start typing. Writing can either fund your dreams or it just may be your dream. Don’t give up.7. Never put yourself down and never hang around others who do put you down. In any business you need positive vibes, good energy to make it in this in this world (or the cyber universe for that matter) because there’s a lot of ups and downs for any and every entrepreneur. Learning from the greats, you have got to stay on point and stay clear from toxic thoughts which come from toxic people. Be the difference you are searching for.8. Don’t sign up for too many seminars from gurus and such. If you did, you can feel like you’re being pulled in every direction when you are listening to 10 different points of views. Focus on 1 person or no more than 3 people who you believe can and will help you reach your goal. Everyone’s goal is different. You may desire to make anywhere from $40,000 to $100,000 a year from the comfort of your home while someone else has a huge goal to making $40,000 to $100,000 a month. And then another may have a bigger goal to making $40,000 to $100,000 a week. The point is don’t over do it with the goals. Be honest with yourself, have a goal and stick to it. A goal that you believe you can accomplish and don’t have a goal to try to out do someone else but instead, you challenge yourself to see if you can do better each and every year.a.) It’s better to be prepared for an opportunity and not have one than to be not prepared when an opportunity presents itself. Have some money set aside just to fund your vision, or to invest in an opportunity.
Plan on reaching your goal. See yourself reaching your goal in your mind. Make a habit of writing things down that make an impact in your life. Expect to reach your goals by focusing with all your heart and mind and seeing yourself at the finish line receiving your rewards. Do what the 95% of the world simply won’t do. Be the 5% that you and I need to see everyday. Go the extra mile because the road is not crowded up there.9. Join a business that is solving a problem and not creating one. I will share one such business I believe that can and will change your life that you can feel good about later on. Join with like minded people who share your core beliefs, your vision and are supportive and helpful. No one likes contacting a business that will gladly take your money but will respond to your queries weeks later after you sent a few request. Do your homework. Make sure you’re working with the best or at least one of the best in your niche business type. Good businesses (if they are fairly new) will do whatever they can to help you if they see your sincerely care about their business. Larger ones may or may not but depending on the vision of the company. Check up on the stories they write, what others are saying about them. See if they are really solving a problem or creating one. Again I will give my best pick of 2017 of which business you should join, soon.

10. Make yourself a to do list and create a must do schedule. We must have a goal. I must say this again that goals are vitally important for our success. Those who never plan, plan to fail. Always set a goal and look at it everyday. Earl Nightingale is famous for many quotes and one of them is, “you become what you think about.” It’s true, whatever is on your mind daily, you’re moving towards it, daily. If nothing is on a person’s mind, well then sadly that person is moving but going no where. It’s very important to have goals in life. Write them down. Look at them daily, 3-4 times a day. My advice, write it down and place it in your wallet (pocketbook), pull it out from time to time to look at it. Write it on paper and stick in on your wall, post it on your mirror in the bathroom. If you see it a lot, it will be on your mind a lot.My personal advise, don’t quit your day job until you find something that you enjoy doing and that you can see that what you’re bringing in online is very close or more than you are making at your day job. Unless you have a nice stash of cash that you can live on for a year or more again don’t quit your day job. If you can, try to work less hours on your day job so you can put more hours into your dreams. I remember I worked in a medical office and I work 3 days a week there and 3 days a week at home on my online businesses and yes I didn’t go to he movies much, like once a year. I didn’t buy new clothes for several seasons but I was making progress little by little because I had a goal. Work on your goals daily, little by little. Devour the elephant day by day, month by month and stay with it. Don’t try to eat an elephant in a day when it takes months to consume.

Sources of Business Finance

Sources of business finance can be studied under the following heads:

(1) Short Term Finance:

Short-term finance is needed to fulfill the current needs of business. The current needs may include payment of taxes, salaries or wages, repair expenses, payment to creditor etc. The need for short term finance arises because sales revenues and purchase payments are not perfectly same at all the time. Sometimes sales can be low as compared to purchases. Further sales may be on credit while purchases are on cash. So short term finance is needed to match these disequilibrium.

Sources of short term finance are as follows:

(i) Bank Overdraft: Bank overdraft is very widely used source of business finance. Under this client can draw certain sum of money over and above his original account balance. Thus it is easier for the businessman to meet short term unexpected expenses.

(ii) Bill Discounting: Bills of exchange can be discounted at the banks. This provides cash to the holder of the bill which can be used to finance immediate needs.

(iii) Advances from Customers: Advances are primarily demanded and received for the confirmation of orders However, these are also used as source of financing the operations necessary to execute the job order.

(iv) Installment Purchases: Purchasing on installment gives more time to make payments. The deferred payments are used as a source of financing small expenses which are to be paid immediately.

(v) Bill of Lading: Bill of lading and other export and import documents are used as a guarantee to take loan from banks and that loan amount can be used as finance for a short time period.

(vi) Financial Institutions: Different financial institutions also help businessmen to get out of financial difficulties by providing short-term loans. Certain co-operative societies can arrange short term financial assistance for businessmen.

(vii) Trade Credit: It is the usual practice of the businessmen to buy raw material, store and spares on credit. Such transactions result in increasing accounts payable of the business which are to be paid after a certain time period. Goods are sold on cash and payment is made after 30, 60, or 90 days. This allows some freedom to businessmen in meeting financial difficulties.

(2) Medium Term Finance:

This finance is required to meet the medium term (1-5 years) requirements of the business. Such finances are basically required for the balancing, modernization and replacement of machinery and plant. These are also needed for re-engineering of the organization. They aid the management in completing medium term capital projects within planned time. Following are the sources of medium term finance:

(i) Commercial Banks: Commercial banks are the major source of medium term finance. They provide loans for different time-period against appropriate securities. At the termination of terms the loan can be re-negotiated, if required.

(ii) Hire Purchase: Hire purchase means buying on installments. It allows the business house to have the required goods with payments to be made in future in agreed installment. Needless to say that some interest is always charged on outstanding amount.

(iii) Financial Institutions: Several financial institutions such as SME Bank, Industrial Development Bank, etc., also provide medium and long-term finances. Besides providing finance they also provide technical and managerial assistance on different matters.

(iv) Debentures and TFCs: Debentures and TFCs (Terms Finance Certificates) are also used as a source of medium term finances. Debentures is an acknowledgement of loan from the company. It can be of any duration as agreed among the parties. The debenture holder enjoys return at a fixed rate of interest. Under Islamic mode of financing debentures has been replaced by TFCs.

(v) Insurance Companies: Insurance companies have a large pool of funds contributed by their policy holders. Insurance companies grant loans and make investments out of this pool. Such loans are the source of medium term financing for various businesses.

(3) Long Term Finance:

Long term finances are those that are required on permanent basis or for more than five years tenure. They are basically desired to meet structural changes in business or for heavy modernization expenses. These are also needed to initiate a new business plan or for a long term developmental projects. Following are its sources:

(i) Equity Shares: This method is most widely used all over the world to raise long term finance. Equity shares are subscribed by public to generate the capital base of a large scale business. The equity share holders shares the profit and loss of the business. This method is safe and secured, in a sense that amount once received is only paid back at the time of wounding up of the company.

(ii) Retained Earnings: Retained earnings are the reserves which are generated from the excess profits. In times of need they can be used to finance the business project. This is also called ploughing back of profits.

(iii) Leasing: Leasing is also a source of long term finance. With the help of leasing, new equipment can be acquired without any heavy outflow of cash.

(iv) Financial Institutions: Different financial institutions such as former PICIC also provide long term loans to business houses.

(v) Debentures: Debentures and Participation Term Certificates are also used as a source of long term financing.


These are various sources of finance. In fact there is no hard and fast rule to differentiate among short and medium term sources or medium and long term sources. A source for example commercial bank can provide both a short term or a long term loan according to the needs of client. However, all these sources are frequently used in the modern business world for raising finances.