Internet Based Home Businesses – So Many Options, So Few Choices

Every day, thousands of people sit down at their personal computer with one objective: to research the internet for a business they can operate out of their home. It should come as no surprise to anyone doing a general “home based business” keyword search on their favorite search engine results in a multitude of options to choose from. However, upon closer examination it becomes apparent that many of the results are ridiculous scams that nobody in their right mind would purchase and completely lack any proof of credibility. While the internet is flooded with home based business opportunities, it is virtually void of any that offer a genuine and honest system that is not a high risk venture.

This sentiment was echoed in a recent discussion with my neighbor. She informed me that she had been scouring the internet for several days trying to find any business that offered a shred of legitimacy and credibility. Discouraged and disappointed, she resigned herself to the thought that nothing existed. I would like to share with you the insight that I provided her.

Solid home based businesses do exist but they are difficult to find. You would think that the authentic home based businesses would rise to the top of the internet keyword searches. Oddly enough, they do not. They remain repressed, buried, and difficult to find. The obvious question that arises from this statement is, why are these business opportunities so hard to find? The reason is simple, the companies that offer the business have very stringent rules and regulations that limit what retailers are able to claim about the company, its products, and income potential.

On the surface, this sounds like a ridiculous position for a company to take. But, contrary to your immediate reaction this is a very good thing! It protects the credibility and legitimacy of the company and products. It keeps intact the very thing you are searching for in a home based business opportunity.

The following five guidelines will provide you a checklist that will help you find what you are looking for in a home based business.

1) Is there already an overwhelming market presence of the business opportunity you are going to invest in? Just like buying stock, you want to get into the business when it is fresh to the market and its market presence is not saturated. There are many great business opportunities out there that have reached their saturation point. Although it is a great company with a great product, you immediately face hundreds if not thousands of people selling the same product with the same message as you. Good luck!

2) Does the business and the individual presenting the business to you have credibility? Don’t confuse a great sales message or numerous testimonials with credibility! Are they pitching hope to you when you are in a difficult situation or are they clearly communicating a credible and genuine message? If you cannot tell the difference, then your conscience is telling you to keep looking.

3) Does the business you will be buying into have a real product? This is a monumental question! Is this product or idea something that has inherent value and people will want to buy it? Keep in mind, a product is much easier to sell than an idea or concept. Trying to sell hope of someday becoming rich is far more difficult to sell than a product that will immediately impact an individuals health, wellness, or personal and financial well being.

4) Are people currently in the business making an adequate income? Do not accept a “print out” of someone’s bank statement with any and all validation data blurred out. How are you supposed to know if that income is from their home based business or a different job? Insist on documentation from the company itself stating the average income of all independent business owners. If someone is unwilling to produce this documentation, they just failed guideline #2. Keep shopping.

5) Lastly, does the company and individual you will be doing business with offer initial and ongoing training? Operating an online home based business is difficult and most people fail. What support systems are in place to give you the help you need to be successful?

As previously stated, finding the right home based business is difficult. Utilize the five guidelines that I have provided you to make sure the online home based business you begin is successful today, tomorrow, and for years to come.

Why Invest in Wine?

Investing in wines is one of those buzz worthy, plastered over the news stories that makes everybody want to instantly become a wine investor. While being a wine investor may sound fun and luxurious, it is not for everybody and does require some hard work, planning, executing, patience and trial and error. So, as a potential wine investor, why should you invest in wine?

A wine investor will find that there are many benefits in investing in wine. Some of these benefits include:

o Less volatility than the stock market. While any particular investment wine can go up or down in value, fine wines are generally improving assets, which means they are worth more as time goes on.

o There is more demand than supply. This factors in to why an investment wine will be worth more as times goes on. As a wine investor, you will find that only the best of wines will be worth your time. These wines are generally rare and have a limited production or vintage. This makes the demand high to begin with, with a low and fixed supply. Within that fixed supply, as time goes on people will be drinking those wines making an even smaller supply, and driving demand up even farther. In turn, prices will go up. As you can see, patience is a crucial element as a wine investor, as a great label and vintage will only improve as time goes on.

o Wine investing is not tied to the stock market. That means if the stock market crashes or is in a downward period, your wine investment will not necessarily be losing money. Investing in wines is separate from the stock market and is a great way to diversify your holdings.

o You can have a great time and improve your knowledge. A prospective wine investor is typically somebody who has an interest in fine wines and loves drinking wines as well. As you begin exploring wine investments, you will find that you learn more about wine varietals around the globe, the best labels and vintages and more. This will turn you from a part-time wine hobbyist to a full fledged wine expert.

o Wines are typically considered a wasting asset. That means that the profits you earn from being a wine investor may be tax free depending on where you live and what regulations there are.

o You’ve surely heard the phrase: you reap what you sow. But the wine investor will be more familiar with the phrase: you drink what you invest! As a wine investor you may only be interested in making a profit on aging fine wines. However, you may also be making an investment in wines you will plan on drinking in the future. You can wait until they mature and age and enjoy them yourself. Or if the value does not increase significantly you can just drink the wines yourself. You can’t do that with stocks or bonds, can you? :)

Wine will definitely increase in its value so you don’t worry about drinking the wine in the end.

How To Hire A Business Coach

A great Business Coach can help a business owner or manager make significant advances in their business in a relatively short period of time. However, not every Business Coach is right for your business or organisation. This article will highlight a few key questions that you should ask your prospective coach before your hire them!

A Coach Is A Coach Is A Coach…

Not all coaches are created equally. The first and most obvious assessment of a Business Coach should be a close examination of their coaching credentials. While there are many great business people who can be great advisors and mentors they are not to be confused with those who have trained, studied and have been certified as a qualified coach.

In my experience there are two key categories of Business Coaches. Those that have invested in a Coaching Franchise, and have been certified as a coach by their franchising organisation, and those that have trained as coaches and then combined their coach training with their prior business experience.

The former typically have an short “intensive” coaching training process, typically as short as 10 days in a plush resort while the latter group will have studied for many months before they graduate as a coach.

Given only this criteria, which coach would you trust the future success of your company to? Someone who has paid to be certified by the same organisation that has sold them a franchise or someone who has paid to learn to be a coach?

Now I am a fan of many of the Business Franchise organisations on the market. For many would-be business owners, investing in a franchise is a smart move – especially if the potential franchisee does not have a strong business acumen. Now here’s the rub. Do you want to put your business in the hands of a coach who does not have a strong business acumen? One who does not have the resources or ability to build their own business?

As a Business Coach, I am frequently asked – “If you know so much about business why don’t you run your own?” In truth my Business Coaching practice is a business, it’s surprising how many people miss this obvious fact, and aside from that I run a couple of small online companies.

This leads on to, in my personal opinion, the most important qualification of a Business Coach. Ask how many businesses they have run, how many of those have been successful and how many have failed. It is my experience that almost every franchise Business Coach has never run a business before. Let’s face it, if they really knew how to build a business why buy an expensive franchise? Where as the Independent Business Coach will have run one or more companies previously. This is their greatest qualification.

When looking at this business track record do not be put off by an apparent business failure. Typically people learn far more from their mistakes than they do from their successes. Obviously you do not want to hire a Coach with a track record of failures! A Business Coach with several successes and one key failure is probably the ideal advisor, as they will have been through thick and thin times and should have plenty of cautionary tales about what can go wrong and how, from their personal experience, the challenges can be met and overcome.