Entrepreneurship has been described as the capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit.
Asset Vs. Liability
An Asset is a useful or valuable thing, person, or quality.
4 Asset Classes:
4 Precious Metals:
A Liability is a person or thing whose presence or behavior is likely to cause embarrassment or a disadvantage.
Types of Liabilities:
ASK A PERSON WHAT THEY WANT IN LIFE. BASED ON THEIR ANSWER YOU CAN DETERMINE IF THEY'RE A LIABILITY OR AN ASSET
ASSETS = CLEAR GOALS WITH PLANS TO ATTAIN
LIABILITIES = FUZZY ASPIRATIONS
Any and every successful person knows that the key is to maximize assets and minimize liabilities as much as possible.
You might have to cut people off, sacrifice things that make you comfortable but ask yourself and be conscious of what your doing. Is this a liability or asset? Make your decision on how to move forward after that. I want everybody to WIN so I share things I know that made my life better. Check back daily for knowledge updates.
Businesses You Can Start Tomorrow:
Starting a business today no longer requires months or market research and thousands of dollars to get started. You can simply stay in your pajamas, although I wouldn’t recommend that, and start a successful business from the comfort of your home.
Even if you decide to leave the house, there are more than enough business ideas floating around that require little time and resources to launch.
In fact, here are 15 business ideas that you could start today.
It’s easy to understand why there are more than 54 million Americans who have joined the freelance revolution. They have a flexible schedule, can work from anywhere they want, and can make a comfortable living doing something that they either enjoy or are talented at. And, this trend isn’t going away anytime soon.
If you have a little bit of experience and are skilled at anything from graphic design to writing to photography to coding, then you can become a freelancer with little more than a computer. Of course, it does take time to build a solid reputation and list of clients, you can still start applying for gigs at any number of freelance job sites immediately.
Whether it's building your own blog through WordPress or using a website builder like Wix, Anyone can start a blog in just a matter of minutes. Blogging is also affordable since you just have to purchase a domain name and host.
There are also many companies such as mashable.com that pay freelancers to write for their blog. This can make you good side income and for some be a full time job.
3. Online retailing
I’ve decided to lump several online retailing ideas together since they’re extremely similar.
Affiliate marketing. I just mentioned this, so it’s a great place to start. Essentially, you plug other products or services on your website. You’re provided a unique link so whenever a visitor clicks on that link and make a purchase, you get a commission.
eCommerce site. Thanks to sites like Etsy you can sell your handmade crafts.
eBay or Craigslist for unloading used items. I've even asked neighbors if I can sell their things and take a 50% commission on anything I sell. It's worked out great at building up cash in my ebank.
Drop shipping is when you sell other people’s products online, but the items are shipped from the manufacturer's warehouse.
4. Public Speaking/Teaching/Tutoring
If you want to share you knowledge with others, whether if it’s how to become a more effective leader in the workplace or the Spanish language, you can make money by teaching online classes, becoming a tutor in your neighborhood, or speaking at libraries, rec centers, or adult education education classes.
Another way to pass along your knowledge is by launching a consulting or training business. That’s because there are plenty of entrepreneurs and companies looking for talented individuals to teach their employees how to do everything from learning a computer program to becoming an Eco-friendly business.
There is also lots of consulting for app companies. As there are an estimated 5.8 million apps that have been created, the need for countless consultants to maintain their apps persists.
6. Errand Running/Personal Assistant
There are seniors and busy people who need someone to run errands for them, or even become their personal assistant. These tasks could include going to the grocery store, cooking, cleaning, or driving them across town. You can join TaskRabbit or Care.com to find jobs.
Don’t fool yourself. These jobs aren’t just for teenagers. There are a lot of people out there who have made a career out of these types of jobs. Of course, it may take time to build your trustworthiness after receiving word-of-mouth recommendations but you could start asking your family, friends, and neighbors today if they need someone to watch their children, pets, or home.
Do you enjoy being outside? Do you also enjoy doing yard work, like mowing and gardening? Then you can start your own neighborhood landscaping. You can even eventually go on to design beautiful garden beds. But, in the meantime, you can start off small. Trust people. A lot of people dread pulling weeds!
If you have a knack for cooking or baking, then this is an obvious business idea for you to start. You probably already have all the equipment too. Just start going out and inform your network that you’ve started your own business.
Whether it’s computers, furniture, or cars, if you’re good with your hands then start offering this service to paying customers.
11. Social Media Management
Brands have realized the importance of having an online presence, and that includes being active and engaging on social media. That’s why they’re willing to pay individuals to manage their social media channels. If you have that talent, then you can start this business today.
12. Event Planning
If you’re organized and have the ability to thoroughly plan events, then become an event planner and handle anything from weddings, birthday parties, to retirement parties.
13. Language Translation/Transcribing
Do you know a second language? If so, you can make a living by translating or transcribing this language for others.
14. Referral Service
These types of entrepreneurs essentially refer businesses to customers. For example, you could be hired by an attorney’s office specializing in family law to find individuals who may be seeking to divorce their spouse.
15. YouTube Channel/Patreon
So many entrepreneurs have made a solid living and brand from these platforms. Once you develop an online presence you can funnel your audience to merchandise, a product or a service you can provide.
Top Level Management - The board of directors, president, vice president and CEO. These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans and company policies. They also make decisions on the direction of the business. TLM are accountable to the shareholders and general public.
Middle Level Management - General Managers, Branch managers and department managers are all examples of middle levels managers. They are accountable to the top level management for their department function. MLM devote more of their time to organizational and directional functions i.e. Executing plans in conformance with the companies policies and the objectives of top management. Defining and discussing information with TLM.
Low Level Management - Supervisors, Team Leads, and Foreman. They are responsible for relay MLM orders to the crew members and associates. The system is set up to provide guidance from the top to make sure the company is ran properly and at optimal levels of performance..
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