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Member You - Find the Probability of Success for Any Online Home Based Business Opportunity
If you use a part of your home for business, you may qualify to deduct costs related to your home office, including rent, heat, electric, telephone, insurance, utilities, maintenance, repairs and so-on.There are many tax-saving benefits available to those who operate their own small business in addition to their normal job or employment. First, you have the home-office deduction which can be used to deduct up to 20% of the cost of running your home. The amount depends on how much space you are using for your home office.Secondly, you will become eligible to deduct a portion of many of the things you're already paying for such as your computer, your ink cartridges, your printer paper, and any computer related books or business-related classes you may be taking. If you're using your computer as part of your home-based business, then a portion of that is considered a business-related expense.Most expenses related to running a business are tax deductibleHaving said that, let's take a look at just a few of the more common home business tax deductions. You will be able to deduct most if not all common business-related deductions. Things like start-up costs, equipment purchases, payment for services, supplies, advertising, and other monthly fees like website hosting.Basic Rules for a Business DeductionAny expense that meets the IRS's basic rules (ordinary, necessary and reasonable) can be taken. A necessary and reasonable expense according to the IRS is one that is appropriate and helpful in developing and maintaining your trade or businessWith all the tax benefits offered by Uncle Sam, wouldn't you agree that having a tax-saving, moneymaking, at home business, is worth taking a second look at.
Compensation (K) (Maximum = 20)
Leverage (Maximum = 10)
If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:
"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".
If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.
Multiple ways to earn income (Maximum = 10)
Sales Profits (1)
When you can profit from your own sales efforts, assign a value of 1, otherwise zero.
Override (1)
If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.
Matching (5)
If you can receive matching compensation on the efforts of others, assign a full value of 5.
Residual (2)
If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.
Perpetuity (1)
If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.
Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K. Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.
Add up all five of your separate evaluations.
P = C + D + R + T + K
For example, if all five ingredients are presen
Just what is business debt consolidation and how could it relate to your business?Let's review the situation. You've started your own business that provides either goods or a service to the people in your area. The business was developed on a sound principle that was carefully researched in terms of the need for these services or these goods and how many competitors were in the area. The business delivers quality goods or service and your company has built up a small, but loyal, clientele base. It may be a relatively new business that, despite its growth, is still trying to break even. Or it could even be a fairly established business that has served the community for a number of years, but a recent local economic downturn has resulted in a slump. It either case, you have a good business plan and a basically sound business, but you also have more business debts than you have assets with which to make payments. The costs of keeping your business open and the service available to potential customers has resulted in the slow accumulation of business debts. You find that you need business debt help, but are unsure what form it should take. Certainly not bankruptcy, since the situation is not that severe, and you want to keep the business going without interruption.Business debt consolidation may be the correct form of business debt help to seek. There are many reputable companies who can offer advice and business debt help that are listed in your local phone book and especially on the Internet. They have counsellors who are trained in the various fields of business debt help and one will be available to explain the service. Business debt consolidation is a process in which trained and experienced professionals assess the amount of business debts associated wi
Couda, shouda, wouda
Why did you miss out? Was it lack of knowledge? Was it indecision? If it was lack of knowledge, you can forgive yourself. You can not know what you do not know. There was nothing you could do about it. If it was indecision, there was something you could have done.
Oportunity is the fruit of Convergence. Peter Drucker defines opportunity this way:
"Opportunity in the market place is because of a process of convergence of forces that were previously not together."
The idea of forces coming together, converging, is stronger than the business itself. The essential forces Peter Drucker did not individually identify as converging will be enumerated and discussed in this article.
There are five essential forces that must be present for any successful online homebased business opportunity. This article will describe these five essential forces that must be in place for any online homebased business opportunity to be successful. These five essential forces apply to any online homebased business opportunity. They are universal, abstract, and independent of business type. They apply from academia to zymology.
A simple analytical method to evaluate these essential elements and arrive at a numerical figure of merit will be presented. The method is strong, impersonal, and reliable. You will arrive at a numerical rating for the relative strength for the Probability of Success (S) for any online homebased business opportunity you care to evaluate. Reducing the evaluation to a number between zero and 100 gives you a powerful, impartial method to evaluate or compare any online homebased business opportunity. This will remove emotion from the decision process.
Convergence of these five essential ingredients is absolutely essential for success. All five forces must be present simultaneously. In other words, they must all converge at the same point in time for the same business venture. They must all be in the right place at the right time to create a successful online homebased business opportunity.
These forces are the essence of all businesses, regardless of product. They are like the spokes in a wagon wheel. If one spoke is missing, the wheel breaks down. Each factor dramatically affects the success of any online homebased business opportunity.
Without the convergence of these five forces there is no online homebased business opportunity. If there is no convergence, there is nothing you can do to make the business a success. No amount of hard work and no amount of money will yield success.
Opportunity presents itself only when all these forces are in simultaneous alignment. One force is not considered more important than the others. The order in which they are presented is no indication of their relative values. They will be discussed in random order.
This method is not buried in concrete. Feel free to make your own assessments of relative importance. When you finally establish a value, stick with it. Be consistent so comparisons can be made between one online homebased business opportunity and another. For example, if you decide leadership has a maximum value of 2 or 5, stick with it on any online homebased business opportunity you wish to evaluate.
It will be convenient if the sum of the maximum values allowed always equals 100. In this case, Leadership has been arbitrarily assigned a maximum value of 2. All you need to do is decide if the leadership of your proposed online homebased business opportunity deserves a zero, 1, or 2.
1. Company (C ) (Maximum = 20)
Company Management (Maximum = 10)
Leadership (2)
Confidence or trust (2)
Experience (2)
Honesty (2)
Influence (2)
Company Financial Stability (Maximum = 10)
Assets (2)
Cash (2)
Credit Rating (2)
Visibility (2)
Technology (2)
Many start-up online homebased business opportunities do not have the financial assets to sustain their own growth. A viable online homebased business opportunity must have very deep pockets or be owned by a company with very deep pockets, preferably a parent company that has already gone through the growth cycle and has the funds to support the new growth.
2. ProDucts (D) (Maximum = 20)
Leading Edge Product Technology (Maximum = 5)
R&D
Proprietary (No other place to get it)
Competitive
Product Quality (Maximum = 5)
Quality, like Reliability, must be built into the design and process. It cannot be "tested" or "worked" into the products.
Product Fills a Recognizable Need (Maximum = 5)
There should be a clear need for your product or service. If there is no need, there is no demand, and there is no opportunity. There may be very little demand for 78 rpm vinyl records.
Consumable (Maximum = 5)
If the product is not consumable, there is no additional market after the initial sales and there is no opportunity.
Trends (R) (Maximum = 20)
Demographic Trends (Maximum = 10)
As individuals, we can not create a demographic trend. We can only recognize it and take advantage of it. The "Baby Boomers" are the largest market in history. Starting immediately after WWII, 76 million babies were born during the period between1945 to 1964. When the first of these babies were born, a powerful demand for baby products materialized. Companies like Johnson & Johnson and Gerber's made huge profits. As these babies started shaving, Gillette started making huge profits. As they learned to drive, the Ford Mustang was in demand. As these babies began to have babies, the Mini-Van became desirable. If your online homebased business opportunity is positioned in front of the Baby Boomers, assign Demographic Trends a maximum value.
Economic Trends (Maximum = 10)
Individuals do not create an economic trend. Individuals have no control over economic trends; however certain businesses are sensitive to economic trends. Real estate is sensitive to interest rates. In times of economic downtrends a low number would be assigned. Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number. People will give up eating to look good and feel good. If your online homebased business opportunity is immune to economic trends assign a high number.
Timing (T) (Maximum = 20)
You have no doubt heard the expression that in real estate the three most important factors are Location, Location, and Location. In an online homebased business opportunity, the mantra is Timing, Timing, and Timing.
If one force is more important than the others, perhaps timing is the most important element of success. Timing, like trends, is also beyond your control. Like trends, you can only recognize timing and take advantage of it. There is nothing you can do to improve timing. It is either there or it is not. If timing is present assign a high number based upon the following criteria.
A. Formulation Phase: (Maximum = 20)
This is the phase where research and development are just completed. Production and initial marketing efforts begin. This region is characterized by slow, deliberate growth. As an agricultural example, this is the time for planting. It is defined as the region of the growth curve where income from sales is less than $50 million per year.
This is the time to get into any business. It requires forethought and knowledge. It does not require speculation. It requires due diligence on your part to study the online homebased business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture. If you identify that your online homebased business opportunity is in the formulation phase, assign timing a value of 20.
B. Critical Mass Point
he critical mass point is defined as sales of $50 million per year. This is the point which will determine " When". This is the point when your labors will begin to yield fruit at such a great rate you will be unable to contain them. From this point onward, the curve rises ever so steeply. This is the time to act quickly and decisively. If you are not on board at this time, your online homebased business opportunity will quickly leave you behind. If you identify that your online homebased business opportunity is at the critical point, assign timing a value of 20.
C. Momentum
Momentum is defined as sales greater than $50 million per year and increasing very rapidly. If you have exercised your desire, ability, and motivation, you have already become a participant before your online homebased business opportunity reaches momentum. You have exercised your choice and are now in position to enjoy the fruits of your labor. There is nothing you can do to stop the momentum which is now building beneath you. It is beyond your control. It is like a giant wave that carries you to the pinnacle of success. There may be some who grab onto an online homebased business opportunity as it speeds by them, but the exponential growth eventually decays exponentially as the wave crest rises higher and higher until the opportunity diminishes. For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again. If you find your online homebased business opportunity is just starting into momentum, assign timing a value closer to 20. If you find your online homebased business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
D. Stabilization
This is the area where the exponential growth has died out. Momentum has dissipated. Sales are good, but sales are not increasing exponentially. The business is mature, stable, and secure. The curve is relatively flat, and growth has slowed to a value similar to the development phase. The online homebased business opportunity has gone. It is passed. It is over. There is no online homebased business opportunity. If you find that your online homebased business opportunity is in stabilization, assign timing a value near zero and start looking for another online homebased business opportunity.
Compensation (K) (Maximum = 20)
Leverage (Maximum = 10)
If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:
"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".
If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.
Multiple ways to earn income (Maximum = 10)
Sales Profits (1)
When you can profit from your own sales efforts, assign a value of 1, otherwise zero.
Override (1)
If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.
Matching (5)
If you can receive matching compensation on the efforts of others, assign a full value of 5.
Residual (2)
If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.
Perpetuity (1)
If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.
Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K. Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.
Add up all five of your separate evaluations.
P = C + D + R + T + K
For example, if all five ingredients are present
In the realm of financial planning and estate planning there seems at times to be little consensus of thought or definitive opinion on planning solutions. Despite the overwhelming evidence to support a particular planning option, there seems to be a sect of contrarians all too eager to purport opposing views. The end result consumers are often left exhausted and bewildered, and without the advice or planning they desperately need. No other area has seemed to spark as much debate, as the Living Trust.A Living Trust is a legal document that allows individuals to control their asset while they are alive, and if properly set up pass their assets to their beneficiaries free of probate. Probate is the court process of validating a will and transferring assets from the deceased name to the new owners name. Avoiding probate has become a hot topic in financial planning, as more and more individuals are made aware of the fees and costs associated with this court process. The living trust has emerged as one of the leaders in avoiding probate. Thus, demand for information about living trusts has sky rocketed. Of course, financial journalist are all to eager to report on this popular topic. While none of these journalists seem to disagree with the merits of trust planning; there seems to be little consensus as to who this planning is appropriate for.This is because most financial journalists have in large part failed the public. In an attempt to sound authoritative, journalists sought a quantitative method for recommending planning. Therefore they had to rely heavily on the cost savings as sole measure to determine who the Living Trust is most appropriate for. Consequently, on the advice of these journalists, consumers will fail to purse planning if the feel the monet
Without the convergence of these five forces there is no online homebased business opportunity. If there is no convergence, there is nothing you can do to make the business a success. No amount of hard work and no amount of money will yield success.
Opportunity presents itself only when all these forces are in simultaneous alignment. One force is not considered more important than the others. The order in which they are presented is no indication of their relative values. They will be discussed in random order.
This method is not buried in concrete. Feel free to make your own assessments of relative importance. When you finally establish a value, stick with it. Be consistent so comparisons can be made between one online homebased business opportunity and another. For example, if you decide leadership has a maximum value of 2 or 5, stick with it on any online homebased business opportunity you wish to evaluate.
It will be convenient if the sum of the maximum values allowed always equals 100. In this case, Leadership has been arbitrarily assigned a maximum value of 2. All you need to do is decide if the leadership of your proposed online homebased business opportunity deserves a zero, 1, or 2.
1. Company (C ) (Maximum = 20)
Company Management (Maximum = 10)
Leadership (2)
Confidence or trust (2)
Experience (2)
Honesty (2)
Influence (2)
Company Financial Stability (Maximum = 10)
Assets (2)
Cash (2)
Credit Rating (2)
Visibility (2)
Technology (2)
Many start-up online homebased business opportunities do not have the financial assets to sustain their own growth. A viable online homebased business opportunity must have very deep pockets or be owned by a company with very deep pockets, preferably a parent company that has already gone through the growth cycle and has the funds to support the new growth.
2. ProDucts (D) (Maximum = 20)
Leading Edge Product Technology (Maximum = 5)
R&D
Proprietary (No other place to get it)
Competitive
Product Quality (Maximum = 5)
Quality, like Reliability, must be built into the design and process. It cannot be "tested" or "worked" into the products.
Product Fills a Recognizable Need (Maximum = 5)
There should be a clear need for your product or service. If there is no need, there is no demand, and there is no opportunity. There may be very little demand for 78 rpm vinyl records.
Consumable (Maximum = 5)
If the product is not consumable, there is no additional market after the initial sales and there is no opportunity.
Trends (R) (Maximum = 20)
Demographic Trends (Maximum = 10)
As individuals, we can not create a demographic trend. We can only recognize it and take advantage of it. The "Baby Boomers" are the largest market in history. Starting immediately after WWII, 76 million babies were born during the period between1945 to 1964. When the first of these babies were born, a powerful demand for baby products materialized. Companies like Johnson & Johnson and Gerber's made huge profits. As these babies started shaving, Gillette started making huge profits. As they learned to drive, the Ford Mustang was in demand. As these babies began to have babies, the Mini-Van became desirable. If your online homebased business opportunity is positioned in front of the Baby Boomers, assign Demographic Trends a maximum value.
Economic Trends (Maximum = 10)
Individuals do not create an economic trend. Individuals have no control over economic trends; however certain businesses are sensitive to economic trends. Real estate is sensitive to interest rates. In times of economic downtrends a low number would be assigned. Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number. People will give up eating to look good and feel good. If your online homebased business opportunity is immune to economic trends assign a high number.
Timing (T) (Maximum = 20)
You have no doubt heard the expression that in real estate the three most important factors are Location, Location, and Location. In an online homebased business opportunity, the mantra is Timing, Timing, and Timing.
If one force is more important than the others, perhaps timing is the most important element of success. Timing, like trends, is also beyond your control. Like trends, you can only recognize timing and take advantage of it. There is nothing you can do to improve timing. It is either there or it is not. If timing is present assign a high number based upon the following criteria.
A. Formulation Phase: (Maximum = 20)
This is the phase where research and development are just completed. Production and initial marketing efforts begin. This region is characterized by slow, deliberate growth. As an agricultural example, this is the time for planting. It is defined as the region of the growth curve where income from sales is less than $50 million per year.
This is the time to get into any business. It requires forethought and knowledge. It does not require speculation. It requires due diligence on your part to study the online homebased business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture. If you identify that your online homebased business opportunity is in the formulation phase, assign timing a value of 20.
B. Critical Mass Point
he critical mass point is defined as sales of $50 million per year. This is the point which will determine " When". This is the point when your labors will begin to yield fruit at such a great rate you will be unable to contain them. From this point onward, the curve rises ever so steeply. This is the time to act quickly and decisively. If you are not on board at this time, your online homebased business opportunity will quickly leave you behind. If you identify that your online homebased business opportunity is at the critical point, assign timing a value of 20.
C. Momentum
Momentum is defined as sales greater than $50 million per year and increasing very rapidly. If you have exercised your desire, ability, and motivation, you have already become a participant before your online homebased business opportunity reaches momentum. You have exercised your choice and are now in position to enjoy the fruits of your labor. There is nothing you can do to stop the momentum which is now building beneath you. It is beyond your control. It is like a giant wave that carries you to the pinnacle of success. There may be some who grab onto an online homebased business opportunity as it speeds by them, but the exponential growth eventually decays exponentially as the wave crest rises higher and higher until the opportunity diminishes. For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again. If you find your online homebased business opportunity is just starting into momentum, assign timing a value closer to 20. If you find your online homebased business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
D. Stabilization
This is the area where the exponential growth has died out. Momentum has dissipated. Sales are good, but sales are not increasing exponentially. The business is mature, stable, and secure. The curve is relatively flat, and growth has slowed to a value similar to the development phase. The online homebased business opportunity has gone. It is passed. It is over. There is no online homebased business opportunity. If you find that your online homebased business opportunity is in stabilization, assign timing a value near zero and start looking for another online homebased business opportunity.
Compensation (K) (Maximum = 20)
Leverage (Maximum = 10)
If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:
"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".
If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.
Multiple ways to earn income (Maximum = 10)
Sales Profits (1)
When you can profit from your own sales efforts, assign a value of 1, otherwise zero.
Override (1)
If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.
Matching (5)
If you can receive matching compensation on the efforts of others, assign a full value of 5.
Residual (2)
If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.
Perpetuity (1)
If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.
Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K. Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.
Add up all five of your separate evaluations.
P = C + D + R + T + K
For example, if all five ingredients are presen
A multi-year level is a strong level. SPX is making its third attempt to hold multi-year resistance in the low 1,250s. However, the next few weeks may be volatile, because of the FOMC announcement Tuesday, earnings warning season in late September, end-of-the-quarter "window dressing," new money at beginning of quarter, and earnings reports in October.The SPX daily and monthly charts below show major resistance between the mid 1,240s and mid 1,250s, i.e. the two previous four-year highs at 1,246 and 1,243, the 61.8% Fibonacci level (or 38.2% retracement) from the 2000 peak to the 2002 trough at 1,253, and the monthly upper Bollinger Band at 1,251.There's more uncertainty about the FOMC meeting Tuesday than other recent meetings, because of hurricane Katrina's impact on the economy. It's uncertain if the FOMC will pause, until new economic data reveal the effects of hurricane Katrina, or if it will continue to tighten at a "measured" pace (of small increments).NYSE volume has been heavy recently, which is typically bullish. Volume was particularly heavy on Friday, because of end-of-the-quarter expiration of futures and options (quadruple-witching). The heavy volume, on the NYSE, suggests SPX may rise into the 1,250s within a few weeks.Nonetheless, longer-term, there are strong bearish indicators. The SPX to U.S. Dollar ratio is near an all-time high, which suggests SPX will fall and the dollar will rise (since there's an inverse relationship). Moreover, the Utility and Transport Indices to VIX ratios had parabolic rises over the past two years, and they're currently back to near their all-time highs. Furthermore, large cap to small cap ratios are near all-time lows indicating large institutions are not convinced that the cyclical bull market wi
Trends (R) (Maximum = 20)
Demographic Trends (Maximum = 10)
As individuals, we can not create a demographic trend. We can only recognize it and take advantage of it. The "Baby Boomers" are the largest market in history. Starting immediately after WWII, 76 million babies were born during the period between1945 to 1964. When the first of these babies were born, a powerful demand for baby products materialized. Companies like Johnson & Johnson and Gerber's made huge profits. As these babies started shaving, Gillette started making huge profits. As they learned to drive, the Ford Mustang was in demand. As these babies began to have babies, the Mini-Van became desirable. If your online homebased business opportunity is positioned in front of the Baby Boomers, assign Demographic Trends a maximum value.
Economic Trends (Maximum = 10)
Individuals do not create an economic trend. Individuals have no control over economic trends; however certain businesses are sensitive to economic trends. Real estate is sensitive to interest rates. In times of economic downtrends a low number would be assigned. Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number. People will give up eating to look good and feel good. If your online homebased business opportunity is immune to economic trends assign a high number.
Timing (T) (Maximum = 20)
You have no doubt heard the expression that in real estate the three most important factors are Location, Location, and Location. In an online homebased business opportunity, the mantra is Timing, Timing, and Timing.
If one force is more important than the others, perhaps timing is the most important element of success. Timing, like trends, is also beyond your control. Like trends, you can only recognize timing and take advantage of it. There is nothing you can do to improve timing. It is either there or it is not. If timing is present assign a high number based upon the following criteria.
A. Formulation Phase: (Maximum = 20)
This is the phase where research and development are just completed. Production and initial marketing efforts begin. This region is characterized by slow, deliberate growth. As an agricultural example, this is the time for planting. It is defined as the region of the growth curve where income from sales is less than $50 million per year.
This is the time to get into any business. It requires forethought and knowledge. It does not require speculation. It requires due diligence on your part to study the online homebased business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture. If you identify that your online homebased business opportunity is in the formulation phase, assign timing a value of 20.
B. Critical Mass Point
he critical mass point is defined as sales of $50 million per year. This is the point which will determine " When". This is the point when your labors will begin to yield fruit at such a great rate you will be unable to contain them. From this point onward, the curve rises ever so steeply. This is the time to act quickly and decisively. If you are not on board at this time, your online homebased business opportunity will quickly leave you behind. If you identify that your online homebased business opportunity is at the critical point, assign timing a value of 20.
C. Momentum
Momentum is defined as sales greater than $50 million per year and increasing very rapidly. If you have exercised your desire, ability, and motivation, you have already become a participant before your online homebased business opportunity reaches momentum. You have exercised your choice and are now in position to enjoy the fruits of your labor. There is nothing you can do to stop the momentum which is now building beneath you. It is beyond your control. It is like a giant wave that carries you to the pinnacle of success. There may be some who grab onto an online homebased business opportunity as it speeds by them, but the exponential growth eventually decays exponentially as the wave crest rises higher and higher until the opportunity diminishes. For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again. If you find your online homebased business opportunity is just starting into momentum, assign timing a value closer to 20. If you find your online homebased business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
D. Stabilization
This is the area where the exponential growth has died out. Momentum has dissipated. Sales are good, but sales are not increasing exponentially. The business is mature, stable, and secure. The curve is relatively flat, and growth has slowed to a value similar to the development phase. The online homebased business opportunity has gone. It is passed. It is over. There is no online homebased business opportunity. If you find that your online homebased business opportunity is in stabilization, assign timing a value near zero and start looking for another online homebased business opportunity.
Compensation (K) (Maximum = 20)
Leverage (Maximum = 10)
If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:
"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".
If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.
Multiple ways to earn income (Maximum = 10)
Sales Profits (1)
When you can profit from your own sales efforts, assign a value of 1, otherwise zero.
Override (1)
If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.
Matching (5)
If you can receive matching compensation on the efforts of others, assign a full value of 5.
Residual (2)
If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.
Perpetuity (1)
If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.
Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K. Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.
Add up all five of your separate evaluations.
P = C + D + R + T + K
For example, if all five ingredients are presen
For those of you not familiar with Google Sitemap, it's a new tool released by Google early 2006. Google Sitemap allows website owners to submit a list of all site pages, helping Google make sure every single page is indexed.Why should you care every single page of your site is indexed?Imagine for example a website selling T-Shirts has 20 pages. The front page of the site includes images and links to the various T-Shirts sold on the site. A certain page burried under 3 links, promotes a unique Hawaiian T-Shirt that is on sale for the month.Depending on your site popularity (number of inbound links), Google may or may not index all 20 pages of your site. We often see cases, particularly with new sites, where Google only indexes a portion of the website.This means that it is possible Google may decide to index 18 pages of our T-Shirt website, leaving our Hawaiian T-Shirt page outside of Google's search index.Users searching for these products on www.google.com will not be presented with your site as a target destination. You lose money.Google Sitemap to the RescueGoogle Sitemap (https://www.google.com/webmasters/sitemaps) solves this problem by letting webmasters submit all pages to ensure the Googlebot indexes every single page of your site.Google will still be crawling your site regularly, however submitting a sitemap helps to make sure no burried pages are missed.Is it worth submitting a sitemap?Search engine forums are filled with discussions about Google Sitemap, with some users reporting absolutely no differ
B. Critical Mass Point
he critical mass point is defined as sales of $50 million per year. This is the point which will determine " When". This is the point when your labors will begin to yield fruit at such a great rate you will be unable to contain them. From this point onward, the curve rises ever so steeply. This is the time to act quickly and decisively. If you are not on board at this time, your online homebased business opportunity will quickly leave you behind. If you identify that your online homebased business opportunity is at the critical point, assign timing a value of 20.
C. Momentum
Momentum is defined as sales greater than $50 million per year and increasing very rapidly. If you have exercised your desire, ability, and motivation, you have already become a participant before your online homebased business opportunity reaches momentum. You have exercised your choice and are now in position to enjoy the fruits of your labor. There is nothing you can do to stop the momentum which is now building beneath you. It is beyond your control. It is like a giant wave that carries you to the pinnacle of success. There may be some who grab onto an online homebased business opportunity as it speeds by them, but the exponential growth eventually decays exponentially as the wave crest rises higher and higher until the opportunity diminishes. For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again. If you find your online homebased business opportunity is just starting into momentum, assign timing a value closer to 20. If you find your online homebased business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
D. Stabilization
This is the area where the exponential growth has died out. Momentum has dissipated. Sales are good, but sales are not increasing exponentially. The business is mature, stable, and secure. The curve is relatively flat, and growth has slowed to a value similar to the development phase. The online homebased business opportunity has gone. It is passed. It is over. There is no online homebased business opportunity. If you find that your online homebased business opportunity is in stabilization, assign timing a value near zero and start looking for another online homebased business opportunity.
Compensation (K) (Maximum = 20)
Leverage (Maximum = 10)
If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:
"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".
If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.
Multiple ways to earn income (Maximum = 10)
Sales Profits (1)
When you can profit from your own sales efforts, assign a value of 1, otherwise zero.
Override (1)
If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.
Matching (5)
If you can receive matching compensation on the efforts of others, assign a full value of 5.
Residual (2)
If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.
Perpetuity (1)
If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.
Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K. Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.
Add up all five of your separate evaluations.
P = C + D + R + T + K
For example, if all five ingredients are presen
It seems that most folks I talk to these days want to build their business by word of mouth. That stands to reason. Word of mouth implies maximum acceptance by prospective customers and clients and minimal investment on part of the business. But how on earth do you get word of mouth started?One is to follow The Rule of Threes, a time-tested public relations tool. The Rule of Threes is a way to start a buzz; that is, a way to seed a conversation about your work among your prospective clients and their networks. Here it is in a nutshell.1. Decide who you want to be talking about you and your work. Who should be buzzing in order to bring you new work? Distill this to a few words, for example, "independent professionals who are cultural creatives." This is your target market.2. What do you want them to be talking about? Example: "business coaching for people with heart."3. Ask friends, colleagues, and acquaintances to think about what people in your market niche would be looking for when they consider investing in your products or services. To continue our example, you might ask, "What do you think a cultural creative service professional would look for in a business coach?" Keep asking until you come up with at least five attributes.4. When you have five or more attributes, look for three that are both true about you and that have the most "juice" or energy for you. Use these as the basis for your Rule of Threes practice. For example: "Practical knowledge of what it takes to succeed; works in a way that honors mind, body, and spirit; well respected in his/her field."5. Here's the three's part: Choose three ways to tell the world that you have these three attributes. For example, you might send a postcard to your network, post fliers
Compensation (K) (Maximum = 20)
Leverage (Maximum = 10)
If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income. You will remain in the very treadmill you are trying to escape. You will get by, but you will never get ahead. If you want to get ahead, you must find a way to multiply your efforts. That is done by leveraging yourself. J. Paul Getty stated this clearly when he said:
"I had rather have one percent of a hundred people's efforts than 100% of my own efforts".
If you have no way to leverage yourself (e.g. fixed salary) assign leverage a number near zero. If you can leverage yourself, assign a number closer to 10.
Multiple ways to earn income (Maximum = 10)
Sales Profits (1)
When you can profit from your own sales efforts, assign a value of 1, otherwise zero.
Override (1)
If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.
Matching (5)
If you can receive matching compensation on the efforts of others, assign a full value of 5.
Residual (2)
If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.
Perpetuity (1)
If your equity is yours to sell or will to your survivors, assign a value of 1, otherwise zero.
Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above). Notice that it has nothing to do with you. The only thing you will do is evaluate each ingredient and assign it a strength value. This will depend upon the research you conduct to gain information about the five essentials for the particular online homebased business opportunity. Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above. (Naturally, 20 is the ideal, strongest value.) You have determined all the values for C, D, R, T, and K. Repeating, you have evaluated each force ingredient separately and arrived at your evaluation of its relative strength.
Add up all five of your separate evaluations.
P = C + D + R + T + K
For example, if all five ingredients are present in your online homebased business opportunity and each is individually evaluated as being 20, then:
P = 20 + 20 + 20 + 20 + 20
P = 100
Let us further define a Multiplier (M), as a figure of merit derived from your desire, motivation, and ability to succeed. Let M be limited to a number between zero and one with zero being the worst case and one being the best case. Note that this multiplier is entirely dependent upon you, not the online homebased business opportunity. Determine this multiplier number by self-evaluating your desire, ability, and motivation. Notice that the multiplier number does not depend on your time. Too many people say "I don't have the time." That means you are "too busy chopping wood to stop and sharpen the axe". Successful people do not have time---they make time. Ideally, you want to rate yourself as a "1", not a zero. But unto thine ownself be true.
Define Success (S) as:
S = M(P)
If you are a "one" and not a "zero", and all five ingredients of your online homebased business opportunity are present at their full value, there is no gamble since:
S = 1(100)
S = 100
Having completed your "due diligence", failure is no longer an option or possibility. The probability for success is 100 percent. Your success is assured. It is no longer a question of "If". It is simply a question of "When".
Get on board this online homebased business opportunity fast
Use this procedure one each online homebased business opportunity that you wish to evaluate and compare.
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