Online Business Opportunities – Things to Remember to Avoid Fakes

A lot of people are cautious when it comes to online business opportunities because of the fact that it is difficult to determine which one can provide you with a real income. In order to find legitimate online business opportunities, it is essential to know these pointers:

1. Make sure to know who are involved in the business. You may need to spend some money on phone calls but it is important to talk to the owner of the business to ensure that your investment will be in good hands. The owner should be able to explain everything about their business and their website.

2. When researching on various online business opportunities, you are also advised to investigate on the status of the business. Search for any lawsuit or scams related to the business.

3. There are a lot of infomercials and ads about online business opportunities so stay away from those that are too good to be true. Though marketing strategies are normal, never trust any business that promises you to easy ways to make money. Remember that all kinds of businesses need work and enough time in order to become profitable.

4. You should also look for guarantee. This can be quite challenging because there are some online business opportunities that offer guarantees but never honor them. Most of the time, you cannot get refunds so it is recommended to protect yourself by researching. Once you found any complain, call the company and inquire about it. Always go for businesses with guarantees that last for more than thirty days. Generally, businesses that offer a one-year guarantee are legitimate businesses.

Growth Capital Business Plan – Executive Summary

Contrary to many entrepreneurs’ expectations most investors won’t read an entire business strategy plan, especially when the plan is more of an operational plan with too much detail. A strategic business plan is critical to your success in business however is not as critical as you might expect when raising capital. If your proposal doesn’t appeal to an investor then many will not read beyond the executive summary. In assessing between 10-30 businesses per month, investors and venture capitalists need to be ruthless and can’t just waste their time reading every proposal hoping that a more exciting proposition will come along at the end. Importantly the investor will draw conclusions from various facets of the proposition, such as the track record of the management team to work out whether it is necessary to check out every last word written in the strategic plan.

The message of the story – make the executive summary correct.

An executive summary is a 2 to 5 page summation of the significant information in the actual investment business plan.An exec summary is a 2 to 5 page synopsis of the really important points in your investor business plan.The executive summary is a 2 to 5 page synopsis of the crucial points in the strategic plan.

Usually an investor will assess the executive summary and gauge whether the opportunity and this investment really adds up, whether management look like they know what they are doing, and has been carefully thought through. Is this business reasonably going to take advantage of the mentioned opportunity? They’ll also want to conclude that the timing in the venture is appropriate – not too late & not too early. Cosmetically, the plan on the whole has to be clear, concise where it has to be and fleshed out where applicable.

Keep in mind the company idea does not have to be a paradigm shift, simple can be best and so wherever it isn’t don’t make it any much more complex than it has to be.

To arrive at the above conclusions, a excellent executive summary would include the following – and this is as much a information for what a great proposition looks like as what should be included in the executive summary:

1) The issue must be stated clearly, how large the issue is and that this problem is fitting for a company answer – following all not all difficulties within the planet ought to attract a business answer.

2) The market must be growing and be large sufficient for an expense chance to make sense. Investing in a shrinking industry isn’t an appealing proposition. Further, the expense will make much more feeling when the market discuss targeted isn’t a materials share from the overall market eg less than 5%, and still results in an appealing return for the investor.

3) The answer to the problem should be strong and shielded against the opposition, through a reasonably competitive edge, or patented protection all of which indicate the service or product will be outstanding, which is important. Further we must have a wide understanding from the competitors and what they have achieved and are likely to accomplish.

4) To be given uniqueness, the executive summary must articulate what the value proposal is to the end client, and determine that end client, and qualify the group targeted.

5) The management team must be introduced briefly (and in more detail within the investor business plan, exhibit why their history is appropriate for that business, and if they have not come from the business, demonstrate their desire to seek proper support.

6) The synopsis should demonstrate robust financials, with a return five-to-ten times inside of a 5 yr timeframe and note that recurring revenue reduces risk

7) The valuation should be sensible – thought should be paid to industry benchmarks – do this carefully as this what an investor will do. If there is one flag against management and entrepreneurs that often causes disappointment it is extreme valuations by entrepreneurs. It does nothing for management standing.

8) An exit should be stated, if possible with a selection of specific strategic partners quoted. So if you are seeking to be acquired…who are you ideal targets

If all these points were included in the executive summary, presented clearly and concisely and made logical sense, an entrepreneur ought to expect strong results, subject of course to the proper numbers falling out and matching the investors expectations.

5 Great Reasons to Invest in a Studio

When I was 24 and a single dad working long hours in an auto dealership service department, I used to dream of the freedom of having my own business and not having to wear neckties and suits to work every day to impress the boss. Today, many (many) years later and now working on my own, I tend to dress “casual Friday,” seven days a week.

So last night, when I showed up all decked out at the door of a home seller who knows me well, he actually asked if I were on my way to the bank for a loan! The truth is, I’d been meeting with someone earlier whom I’d never met, and decided that I ought to default to looking the part of the successful Real Estate Agent.

Clearly, first impressions make a difference. In fact, that’s why so many people completely ignore studio condos when considering an investment. They make a “bad impression,” and so many people just walk right by.

That’s too bad, because studios can also make great investments. I’ve bought two in the last five years – here’s why:

1. Studios grow quickly in value.

With developers pumping out lots of bigger suites, demand at the higher end doesn’t always keep up with supply. Studios, on the other hand, are often harder to come by, a fact that keeps prices rising.

For example, a 400-square-foot studio here in Vancouver was purchased in September 2004 for $165,000. Today, it would probably sell for about $280,000.

An 800-square-foot two bedroom sold for $350,000 that same year; today it might get $500,000. The Studio Suite went up 70%; the two bedroom just 42%.

2. Studio rental rates are better.

Again, it comes back to demand. Online rental postings for studios run $1100 – $1200, while two bedrooms suites are $1700 – $1900. It seems tenants are willing to pay a good price per square foot so as not to put up with roommates that eat their food and don’t pay rent on time. The fact is, if they could afford almost $2000 a month themselves, they’d probably buy their own two bedroom condo.

3. Studio condo board fees are lower.

Condo Board fees for studios can be as much as half that of two bedrooms in the same complex. Fees are usually based on the unit entitlement of the suite relative to other suites in the building; the smaller the suite the smaller the unit entitlement.

This is particularly important if there is a pending major project requiring extra funding for the building. With a smaller suite, you’ll pay a smaller share of the special levy. Just like a house, things come up from time-to-time that you don’t expect and your entitlement will determine your share.

4. Studio taxes are lower. Much lower.

Taxes can really eat into the profit on a condo investment, so once again, the smaller the suite, the less the tax bite to your bottom line. Remember, we’re looking for long term cash flow here.

5. Studio repairs and maintenance are lower.

As a landlord, I’m interested in simplicity. With a studio, there’s simply less that can go wrong – one set of bathroom plumbing, few appliances, etc. And when a tenant moves out and it’s time to paint or re-carpet, you’ll spend about half as much on labor and materials to get the job done. I’m all for just painting 400 square feet instead of 800… how about you?

So there you have it. While your first impression might be, “Why would anyone want to live in a 400-square-foot apartment?,” remember that you’re the investor, not the tenant. Just because you don’t want to live there, it doesn’t mean it’s not an attractive investment.

And hey, if you want to own more, you can do what I did and buy two studios for the price of one large suite – a move that gives you more flexibility and just as much absolute dollar up side.

Okay, time for me to take this suit and tie off and get back to casual Friday!