Category Archives: Retail

Motivation for Starting Your Home Based Business

Did you know that increasing number of professionals working from home — even if they are employed with large companies? The advances in Internet and communications have made this possible.

And with such experience (or taste), some people are finally able to make a decision to start working on their own from their home office.

Most home based businesses can outsource 100% of non-key business functions. It’s a definite trend if you see the increase in project volume of sites like Elance.

We are seeing every possible work – from easy digital products to high-end investment banking work — being done from a home based business. Starting your home business is easier today than ever before, but most people don’t realize it, or don’t want to act on it!

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Here’s a thoughtful article written by Lazz Laszlo.

Has the idea of starting a home based business of your own been rolling around in your head for days, weeks, months, or sadly… even years?

You almost started a couple of times, but for some reason something came up that resulted in you deciding to delay the very first step.

The first step is truly the hardest, but there’s no denying that the first step is STARTING.

A man by the name of James Cash Penney who died at the age of 96 in the year of 1971 said something that perhaps will help you to understand that you are not the only one to have been timid about beginning a new business, in particular, your new home based business.

James Cash Penney said, “It is always the start that requires the greatest effort.”

He knew, and I’m sure you know, he’s the man behind the retailer J.C. Penney. You have to just love his middle name as it relates to his last name and capsulizes his life so to speak. He’s got a great story to tell if you take the time to find it and read it. Just to imagine that he lived through two world wars is amazing in itself.

There are lots of excuses used by people as to why they haven’t started their new home based business. Some of them include, but not limited to; just don’t have the time; just not ready yet; not sure which type of home based business to start; no money; looking for a partner; haven’t found the right product; or have to learn more.

If you’re in this zone of not being able to start, investigating the lives of others may just be the catalyst to kick you in the behind, knock you off the fence, and get you started. Benjamin Franklin said, “An investment in knowledge pays the best interest.”

The money you spend on a new pair of shoes is gone forever once it is spent and after weeks, months, and even perhaps years, those shoes will be discarded. The knowledge you gain from the article you read, the book you buy, the course you take, or the mentor you befriend will be with you for a lifetime.

You are not the first to have the desire to start a business. You certainly won’t be the last, but if you don’t start, you’ll be among the thousands who wished they had. It’s your choice to either get started or just forget it.

Some of my favorite people to read about have been, but certainly not limited to just these people;

Jeno Paulucci, the creator of Chung King Foods brought Chinese food to the kitchen tables of America. One of my favorite parts of his story was when he made a split-second decision and ate a grasshopper rather than… well, you’ll have to read his story.

Walt Disney began his dream, essentially in a garage. There are a lot of companies that begin in a garage, apparently because the kitchen table wasn’t available. Bill Hewlett and David Packard began the company that bares their name in a garage and as a footnote, they wound up burning down the garage. Oops! Apple Computer is another garage beginning business.

William Wrigley Jr., essentially stumbled on his fortune with chewing gum when this item he used as an incentive became more popular than the item he was selling.

Reading one or two of what I like to call, “How’d they do it” stories can shed a lot of light on what it really takes to get a business off the ground. It would be smart to make this an ongoing practice of reading about how others built their businesses, but don’t use the excuse of having to read just one more, and another, and another, and another… delaying your own start indefinitely.

The message here is that you have to focus and disregard what the naysayers think and say, this includes that little naysayer voice in your own head. Do you really want to do what other people want you to do, or do you want to put your efforts, energy, and brain power into doing what you really would like to do?

If you’re embarrassed as to what people will think of you while you are climbing and stumbling on the ladder of success, you might as well quit now. Success is a bumpy road with lots of hazards and stress, which is another couple of reasons why people seek the safety of a job rather than beginning a home based business in their off hours.

Dean Martin, the entertainer said, “Successful people make mistakes.” Some people make more mistakes than others, but I have never met anyone who has only made one mistake in their life. I was taught that there is a lesson in every mistake, but more to the point, you can learn from the mistakes made by others. Read a biography or two of people behind some of the greatest achievements in history and you’ll see that it wasn’t always smooth sailing.

If you are not just a little bit daring and willing to spit in the face of pessimism, than you’re not living.

Malcolm Forbes said, “Venture nothing, and life is less than it should be.”

It’s time to start your journey into business. You don’t have to go at break-neck speed, but you do have to begin. It’s been said that the best part of the trip is not the destination, but the journey itself. Begin your journey today.

Yes, it sometimes hurts to be entrepreneurial and a visionary. It is full of embarrassment and behind-your-back ridicule, neither of which is lethal. Try something and if it doesn’t work, try something else. The adversities in your life will fertilize the genius within you. I’ll leave you with this Welsh proverb; adversity and loss make a man wise.

About the Author: Lazz Laszlo is a former Investment Executive and Radio & Television Financial Reporter with many entrepreneurial endeavors to his credit. He spends his time as an emcee, public speaker, enjoying life and writing about business, travel, retirement, strategy, and pleasure. To learn more, please visit Lazz’s website; http://www.925-wage-slave-alternatives.com

7iDigital – Low Cost Computing

7iDigital is a new venture in this direction by 7Avenues Private Equity. 7iDigital aims to offer affordable low cost consumer electronics. We have been working on this and will launch the following products at the most affordable prices: Laptops, Mobile Phones, and Digital Cameras.

This page has more info: http://7avenues.com/7iDigital.html

More updates and opportunities are available at: www.7idigital.com

Bezos describes Amazon Kindle EBook reader

So you can think of Kindle EBook Reader as a ‘large-screen pre-paid cellphone’, through which Amazon aims to galvanize portable book reading like Apple did to portable music through ipod and iphone. As you can see, Kindle is released just in time for the holiday season! How many gadgets can we really have on us?

Wall Street Journal’s Jeffrey Trachtenberg talked to Amazon.com CEO Jeff Bezor, who unveiled the Kindle, a $400 wireless device – purpose built for E-Book reading. Bezos says Kindle will make reading electronic books much easier. It uses 3G cellular connection to download the content directly from Amazon’s site, and Amazon will take care of the complexity behind the interacting with the cellular. What do you say?

Some serious analysis: The global EBook market is estimated around $25 million, and if this device stands up to the promise, then that market can essentially double. The price point of $400 looks high – its aimed for entry and holiday shopping.

In two quarters, we can expect them to sell on Amazon marketplace under in a more attractive $250-290 range. And if the product does well, which company is best placed to compete? Device manufacturers: RIM with an advanced Blackberry, and Google Books + Nokia with a new large screen version, could be top alternatives.

In fact MyOrbit has a couple of EBooks getting ready for publication, and we will check if Amazon has some special deals for publishers. We will share updates from our discussion with Amazon. Stay tuned.

Template

For submitting the content to get your company/business listed on MyOrbit.biz, please use the following template and guidelines for maximum benefit.

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1. ABOUT
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Introduce your company briefly – your background, location, key objectives and strengths, etc. (50-100 words)

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2. PRODUCTS & SERVICES
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What exactly do you offer as products and services, and what are the benefits? The more specific you are, the higher the chance of a company/person coming to you for more information. Diagrams and videos can fit well here. MyOrbit can suggest the points for you (50 – 250 words)

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3. KEY PEOPLE
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Very Important. Who are the people behind this company, and what is their background/experience? Where are they located? Photos and videos can fit well here. MyOrbit can suggest key points here (50 – 250 words)

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4. TESTIMONIALS
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Often the most overlooked part in a company’s message. Do you have customers who like what you do? This is the perfect place to share a few client quotes/testimonials. You can remove the client specifics if you want. The aim is to see if there are customers who are willing to speak for you. (50 – 250 words)

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5. CONTACT INFO
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In addition to your website, it will help you to give the following: Name, phone (complete with international dialing code), email, and/or a contact form link. MyOrbit can help you in this. We can also put a contact form for you here, so that when someone likes what you are offering, they can contact you from here.

McKinsey: How can businesses use Web 2.0?

McKinsey Quarterly, in one of their recent survey reports tells how businesses are using Web 2.0, or want to use it. As always, their survey is very well presented, and most points are valid. Now, here are our notes from it for you:

Over 75% executives who responded to the survey intend to maintain or increase their investments in Web 2.0 technology trends that encourage user collaboration, such as peer-to-peer networking, social networks, and Web services.

The report also talks about some executives wanting to these technologies for a sustained competitive edge.

Now, in our view, while ‘sustained competitive edge’ is unlikely by any people driven Web 2.0 technology, it is already bringing benefits and profits for those early adopters who are able to understand what to do.

For example, are you able to use your websites to pre-sell your services? Or are you collecting enough information from your online clients and prospects? Or do your teams collaborate enough, and also keep client in the loop?

All these things can earn more revenues while reducing costs = more profitability. And this isn’t not some textbook equation…it’s happening already!

So if you haven’t got a clue where to start in your business, contact us, and we will show you at least 2 ways to rapidly benefit.