Tag Archives: Small Business

5 Hot Industries to Start a Business in 2012

18 Dec
English: A business centre in Plovdiv

 

 

 

 

 

 

 

 

EMPLOYMENT SERVICES
Today’s business environment is hyper-competitive and constantly in flux. To increase response time, companies have turned to temporary employees, in an effort to stay productive while managing overhead. This trend is projected to continue through 2012, pushing up the employment rate in this sector by 54%. Interestingly, employment services will be a major player in the home healthcare industry, the sixth best industry to start and grow a business, according to our survey. Hospitals and other medical facilities will rely heavily on temporary workers to meet the needs of the aging baby boomers. All told, between now and 2012, the sector should see a healthy output rate of 5.1% each year.

CONSULTING
As the economy expands and the nature of business becomes more complex, the demand for consultants increases, which helps explain the huge 55% job growth expectation for this industry, as well as a healthy 4.1% per year rate of output through 2012.Business consultants are projected to do well, based on the increasing number of businesses that will need help drafting business plans, budgets, and international strategies. Businesses also will continue to need consultants specializing in government compliance to help navigate the federal government’s sea of regulations.

HOME HEALTHCARE
While employment in the health service industry is projected to grow 28% by 2012, employment in the specialized home health care industry is expected to be nearly twice that, or 54.5%. Each year, over 7.6 million people are provided with home health care services. There are two reasons for this growth: demographics and medical advancements. In demographic terms, the number of people in older age groups is growing faster than the total population because of the post-war baby boom followed by a drop in the birthrate of American woman. Secondly, advancements in medical technologies have extended the lives of the very ill and the very old. The combination of these two factors means that the need for home healthcare and nursing and residential care will grow.

CHILD CARE
When women started pouring into the workforce 30 years ago, a new industry was created: childcare. The child day care service industry has become one of the fastest-growing businesses in the U.S. It takes in more than $11 billion annually, and it’s projected to get bigger, thanks to an expected increase in the number of woman between the ages of 15 and 44 entering the workforce. With the 40-hour work creeping upwards, parents will need more childcare services, particularly later into the evening and on weekends. For these reasons, the number of persons working in childcare is expected to grow 43% by 2012.

ENTERTAINMENT
The baby boomers are going to be the richest retirees in our nation’s history. So what are they going to do with their cash? Spend it, of course. With plenty of time and a penchant for enjoying life, the baby boomers are expected to drive the arts and entertainment sector, which is projected to increase in employment by 31.3% over the next decade.The arts, entertainment and recreation sector, which includes anything from golf courses to casinos, will also benefit from a younger clientele. Over the last decade, the saving rate among Americans has fallen, partly because of an increase in the cost of living, but also because of increase spending on discretionary items. This trend, coupled with the demand from baby boomers, provides entrepreneurs with many business opportunities.

For more information visit Inc.com





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Global Entrepreneurship Week..100 Countries,40,000 events,10 million people

26 Oct

For one week, millions of young people around the world join a growing movement of entrepreneurial people, to generate new ideas and to seek better ways of doing things. Countries across six continents come together to celebrate Global Entrepreneurship Week, an initiative to inspire young people to embrace innovation, imagination and creativity. To think big. To turn their ideas into reality. To make their mark.

From 15 – 21 November 2010, Global Entrepreneurship Week will  connect young people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. Students, educators, entrepreneurs, business leaders, employees, non-profit leaders, government officials and many others will participate in a range of activities, from online to face-to-face, and from large-scale competitions and events to intimate networking gatherings.

Through this initiative, the next generation of entrepreneurs are inspired and can emerge. In doing so, they will begin to acquire the knowledge, skills and networks needed to grow innovative, sustainable enterprises that have a positive impact on their lives, their families and communities.

For more information and to check out events to attend in your part of the world, visit http://unleashingideas.org/

Win $5000 in marketing and other fabulous prizes!!!!!

13 Oct

Win Over $5,000 of FREE Marketing from PostcardMania & Women PowerUp, a 3 Month Membership from ShoeDazzle.com and a Rebecca Minkoff Handbag!

PostcardMania wants to hear your story
Just for sharing, you have a chance to win an ultimate marketing makeover for your business, and a couple fabulous things for yourself.

The contest is simple. Postcardmania wants to reward women who strike the balance between work and life. As women business owners, you’ve walked the line and deserve some recognition.

It’s FREE to enter, just answer the question on their website at  http://www.postcardmania.com/fabulous/ and you are on your way to winning a fabulous prize!

Criteria:

• Must be in business for 2 or more years
• Minimum revenue of $50,000/year
• Business must be majority owned by a woman

Contest voting ends November 12, 2010 at 11:59 pm EST.

For more information on Postcardmania (our new favorite company) visit www.postcardmania.com.
 

Banks & Organizations that Loan Money to Women Entrepreneurs!

13 Sep

Hi Ladies,

Okay! so you have exhausted all avenues when it comes to financing your business. You have decided that the best option for you at this time is to get a loan.  Where do you go? who do you turn to for help when your bank is not listening?

Here are several institutions that having lending programs for women in business and that make mircoloans to women business owners, minorities, and small businesses.

ACCION USA

ACCION USA is a private, nonprofit organization that provides microloans up to $50,000 and other financial services to low and moderate-income entrepreneurs, including women and minorities who are otherwise unable to access bank credit for their small businesses.

ACCION USA is NOT affiliated in any what with ACCIONNOW.com (a fraudulent website).

KEY BANK

Even during tough times, at least one bank is out there gunning for women in business. KeyBank has an impressive long-term record of lending programs for business women and has recently recommitted themselves to helping women entrepreneurs start, grow, and keep their businesses going during the recession.

ILLINOIS MINORITY, WOMEN , and DISABLED PARTICIPATION LOAN PROGRAM (MWD/PLP)

Small businesses that are 51 percent owned and managed by women, minorities, or who are disabled may be eligible for microloans up to $50,000. All businesses must employ fewer than 500 full-time employees.

The Department’s interest rate will be established at the time of its loan commitment. DCEO’s interest rate on this program variation may be lower than on a regular participation. Funds available for this program can be used for a number of business activities, such as purchase and installation of machinery and equipment, working capital, purchase of land, construction or renovation of buildings. Funds cannot be used for debt refinancing or contingency funding.

MASSACHUSETTS BDC CAPITAL COMMUNITY LOANS FOR WOMEN AND MINORITIES

BDC Capital provides community loans to companies that are minority or women-owned, not-for-profit, employ a predominantly minority workforce, or demonstrate a direct positive impact on economically disadvantaged areas.

The loans may be used for equipment, real estate, working capital or any other reasonable business or community development purpose.

GRAMEEN BANK

Nobel Prize winner Muhammad Yunus, founder of the successful Grameen Bank women’s microloan program in Bangladesh, has come to New York, the global center of capitalism, to do what American banks won’t do. He is lending money to poor women. According to their website, Grameen lends nearly $100 million in microloans every month.

WISCONCIN’S WOMEN’S BUSINESS INITIATIVE CORPORATION

WBIC offers microloans up to $100,000 with special programs for women small business owners. In addition to lending programs for women they also offer education programs, seminars, and business assistance and referral services.

The City of West Allis has teamed up with WWBIC to provide support to West Allis entrepreneurs. Through the use of Community Development Block Grant (CDBG) funds, WWBIC can lend up to $25,000 for small businesses in the city of West Allis.

WBIC does not lend to nonprofit organizations.

CIT

CIT Small Business Lending Corporation is one of the nation’s leading providers of Small Business Administration (SBA) loans. They have been designated a Preferred Lender by the SBA which gives them the authority to make credit decisions on behalf of the US government. This enables them to process loans more quickly and efficiently than many other SBA lenders so you can get the financing you need quicker.

*Remember! before seeking out a loan, try bootstrapping, entering contests, or borrowing from friends and family.

One man’s rags to riches story-inspiration for the ladies

3 May

Farrah Gray is  a philanthropist, best-selling author, syndicated columnist, motivational speaker and entrepreneur. Now in his twenties, he is one of the most sought after motivational speakers around.

Growing up in the projects on Chicago’s south side, Gray became a self-made millionaire by the age of 14. At six years of age, he started selling   home-made body lotion and hand-painted rocks (to be used as book-ends). At age 7, he was carrying business cards that said“21st Century CEO.” At 8, he became co-founder of Urban Neighborhood Enterprise Economic Club (U.N.E.E.C.) on Chicago’s Southside. He later founded another organization called the “New Early Entrepreneur Wonders (NE2W)” which was located on Wall Street. NE2W helped at educated and at risk youth by creating and developing legal ways for them to acquire additional income. Gray is the youngest person to have an office on Wall Street.

In his teens, Gray launched a new project seling KIDZTEL pre-paid phone cards, he also started a One Stop Mail Boxes & More franchise and developed The Teenscope “Youth AM/FM” interactive teen talk show. Gray also launched Farr-Out Foods, “Way-Out Food with a Twist,” aimed at youth familiar with the company’s first Strawberry-Vanilla syrup product. Farr-Out Foods “Foodfulooza” generated orders exceeding $1.5 million.

Gray is the author of “Reallionaire” which was nominated by NBC & Publishers Weekly Quill Awards in the category of “Health/Self-Improvement.” His book appeared on Amazon and Barnes & Noble’s Bestseller List two weeks before its international release. “Reallionaire” was also named as the #1 Best selling Nonfiction Paperback Book in the August 2005 Issue of Essence Magazine. Gray’s book and his journey to succeed against the odds have become required reading and part of classroom study from elementary school to entrepreneurship departments on college campuses. “Reallionaire” has been endorsed by former President Bill Clinton, Pierre Sutton, Stedman Graham, Jack Canfield and Mark Victor Hansen. Gray is also a Contributing Author to Chicken Soup for the African-American Soul.

The timeline of Gray’s accomplishments listed on http://www.drfarrahgray.com/ is as follows:

At Age 6,
* Farrah Gray sold body lotion for $1.50 from door to door

At Age 7,
* he carried a business card that read “21st Century CEO”

At Age 8,

* in Chicago, Farrah started UNEEC (Urban Neighborhood Economic Enterprise Club)

At Age 9,
* At 9, almost 10, Farrah co-hosted radio show “Backstage Live” in Las Vegas reaching 12 million listeners every Saturday night

At Age 12,
* Farrah had a lucrative nationwide speaking career commanding $5,000 – $10,000 per appearance

At Age 13,

* Farrah started Farr-Out Foods, a specialty foods company headquartered in New York, targeting young people

At Age 14,
* Farrah officially became a millionaire by hitting sales of $1.5 million for Farr-Out Foods
* Farrah started New Early Entrepreneur Wonders (NE2W) Student Venture Fund

At Age 15,
* Farrah negotiated selling of Farr-Out Foods for one million plus
* Farrah founded the Farrah Gray Foundation
* Farrah was sent a special invitation to consult and oversee an entrepreneurial institute for The Minority Business Development Agency of the U.S. Department of Commerce
* Farrah was elected by the United Way of Southern Nevada to sit on the Board of Directors for a three-year term as the youngest director ever to sit on any United Way board nationwide
* Farrah had the distinct honor of serving as the youngest Board of Advisor for the Las Vegas Chamber of Commerce

At Age 16,
* Farrah acquired INNERCITY Magazine from Inner City Broadcasting Corporation

At Age 17,
* Farrah financed a comedy show on the Las Vegas Strip, which gave him the distinct honor of being the second African-American after Red Foxx to own a show production on the Las Vegas strip

At Age 19,
* Farrah signed his “Reallionaire” book deal with HCI
* Farrah Gray became a Contributing Author to “Chicken Soup for the African-American Soul”. Both books were published by Health Communications Incorporated (HCI) publisher of the New York Times and USA Today Best-Seller Chicken Soup for the Soul Series

At Age 20,
* Farrah, as a real estate investor, was elected as youngest member to sit on the Board of Directors of the National Association of Real Estate Brokers, Inc. Region 15 (N.A.R.E.B.®), the oldest and largest minority trade association.
* Became an International best-seller with the book “Reallionaire”.

At Age 21,
* Became Spokesman for the National Coalition for the Homeless.
* First Premiere Bank released the “GoFarr” Farrah Gray Mastercard.
* Launched University of Business Futures (UBF), an entrepreneurship school, developed in a partnership with the Ewing Marion Kauffman Foundation and graduated with 300 students.
* Became the youngest in HBCU history to receive an honorary doctorate from Allen University.

At Age 22,
* Co-founded Realty Pros a property asset management company.
* Became Spokesman for National Marrow Donor Program African-American Initiative
* Became a syndicated columnist through the National Newspapers Publishers Association (NNPA), a federation of 200 weekly newspapers, reaching over 15 million readers.
* Became an AOL Money Coach.

At Age 23,
* Released the “Get Real, Get Rich: Conquer the 7 Lies Blocking You from Success” (Dutton Hardcover) and Brilliance Audio Book on CD, Cassette, MP3 CD

At Age 24,
* Realty Pros reached over $30 million in total assets under management.
* Serving second term as Chairman of The National Coalition for the Homeless Bringing America Home Campaign
* Released “THE TRUTH SHALL MAKE YOU RICH: The New Road Map to Radical Prosperity” (Plume Paperback)
Gray’s books have been translated into Russian, Korean, Indonesian and Vietnamese languages with book sales in Africa, Australia, and Europe and in Central and South America countries.

To find out more about Farrah Gray please visit www.farrahgray.com

Websites that help you name your business!

30 Apr

Okay Ladies!

You just made the decision to launch your very own venture, but you have no clue what to call it. You ask your family and close friends and they suggest names like “Wicked Good Enterprises”. You appreciate their efforts, but you know those names just won’t work.  What do you do?

You actually have quite a few options some are free, and some require a nominal fee.

FREE OPTIONS

There are a number of websites that assist you in finding the perfect name for your company. All you have to do is http://wordoid.com/plug in a keyword and these websites will help you come up with suggestions. If  your name is available, you can also check to see that the domain name is available so that you can grab it right away.

www.Dotomator.com Use Dot-o-mator to create domain name suggestions. Just enter a word (or words) in the left box, and choose some endings (or enter your own).

www.namestation.com The intelligent domain search workstation. Find available domains, generate unique name ideas. Bulk domain search, random name generator, keyword research,etc.

www.wordoid.com A cozy place to pick a short and catchy name for your product, company or domain . Great source of quirky ideas of available domain names that roll off the tongue.

PAID OPTION

www.Namingforce.com If you are looking for professional help in naming your business, and don’t mind paying a little money for hundreds of suggestions, you might want to check out Naming Force.

“Naming Force taps the power of the people to help businesses and individuals create names for new companies, websites, and products.If you need a name for a new company, product, or website, you can submit a naming assignment on Naming Force. Their “recruits”, who are creative members of the public (crowdsourcing), will submit name suggestions for your assignment. Your friends, colleagues, and the public can then vote on the submitted names, and you can choose a winning name”.

Prices start at $100

Side Note: I went undercover on namingforce.com in order to bring you an honest review, and I have to say I am a fan. It’s also a lot of fun. Check them out at www.namingforce.com

Look like a million dollar company without the price tag!!!

23 Apr

You’ve launched your business and it’s growing at a steady pace. You have a home office, but don’t want to bring clients there. The thought of paying thousands of dollars every month for an office space makes you nervous. What do you do?

One word: REGUS


“Regus is the world’s largest provider of workplace solutions, offering the widest range of products and services that allow individuals and companies to work however, wherever, and whenever they need to.

Regus operates over 1000 business centers across 450 cities in 75 countries. Products and services include fully furnished, equipped and staffed offices, world-class business support services, meeting conference and training facilities and the largest network of public videoconference rooms all serving over 200,000 clients daily”.

Some of the services provided include:

  • A prestigious address
  • Your mail forwarded or saved for you to collect
  • A local telephone number with scripted call answering, screening and forwarding
  • Your messages passed on by phone, SMS, email or via secure online portal
  • On-site admin support, for everything from photocopying to travel bookings
  • All the benefits of a full-service office without the overhead

Prices start at $49 per month for a virtual office, however there a number of different products you can choose from.

One of the most attractive products on offer is the businessworld membership plan. Regus businessworld is a great option for entrepreneurs who are always on the road.

The different types of memberships are:

  • Blue: Instant discounts and special offers on Regus products
  • Gold: Unlimited walk-in access to executive business lounges and cafés with free high-speed internet and complimentary refreshments
  • Platinum: An office in an open plan environment wherever you need it, whenever you need it
  • PlatinumPlus: A private office in any of Regus’ centers worldwide

For more information please visit  www.regus.com

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