Standing On The Edge Business Blog: Business

Sunday, April 16, 2017

The 6 Things You Must Have to Successfully Transition Out of Your Day Job

Entrepreneurship is not for everyone. However, if your dream is to create freedom while building financial stability, entrepreneurship can open doors that most people won’t walk through.

There are those reading this that have a day job but long for a business that supports them. There are some who already are building a business on the side, and there are those who will make the transition in 2015.

Wherever you are in the process, there are six “musts” you need before you make the leap into this crazy world of entrepreneurship. If you make the move without being ready, you risk turning the dream into a nightmare. Use these six “musts” to transition out of your day job into a business that you love by the end of this year.

Thursday, April 6, 2017

9 Factors That Helped Me Make My First $1M in Profits

Making a million dollars in revenue is hard. Making a million dollars in profit is even harder.

Every entrepreneur dreams of reaching his or her first million dollars in profit. I was no different when I started my first business with only a few dollars to my name. You often hear people talk about how high their revenue is. To me, that’s just a vanity metric. There is no point starting a business if it is not sustainably profitable.
Here is a list of nine factors that helped me reach my first million in profit -- I hope they can help you reach this milestone as well.

Most Creative Business Ideas

FINANCIAL PLANNERTo start, you should go through the certification process so that you can label yourself a CFP (Certified Financial Planner). Your certificate shows that you have expertise and credibility, and this differentiation will help people choose you as their financial planner.
FLEA MARKETPeople love to spend weekends rummaging through tables full of other people's unwanted items, looking for treasures. Make sure to change your layout and put new stuff out for sale often. You want people to come back time and again to see what's new. You don't even have to have that much new stuff to make things look new. Just moving an item from a table to the top of a bookshelf might get it noticed, even though the item has been in your inventory since you first started having sales.
GOLF COACHLet the local public courses know about your coaching business. Cultivate relationships with the staff and encourage them to recommend you as a coach. Another place to look for customers is the corporate world. Golfing is a game that business people use to develop relationships outside the office. You do need to be a better than average golfer to develop a reputation as a golf coach. You also need to be a good teacher, know how to be motivational and be willing to work with many different types of people.
HOME ENERGY AUDITORAll homeowners are always on the lookout for ways to save on their utility bills. You can come to their aid by providing them with an audit of their house and giving them a breakdown of how they could accomplish real savings in heating, cooling and electrical use. You can go one step further and do the implementation and installation of some of your suggestions in their home yourself. Do a complete appliance audit, with efficiency ratings and calculations based on the age of the appliance. And don't forget the water heater!