Searching For A Business Idea – Do What You Were Born To Do

admin — Wed, 31 Mar 2010 18:56:45 +0000

When asked how one goes about finding a business idea, the usual responses come up like: Pick something that will make money as you don’t want to start a business just to lose money, or Pick something that will meet a consumer’s need or desire – thus, something they will be willing to pay for. I would like to add one more. Pick the business idea that you were born to do. There is a lot yet to be said about the power of DNA. But, our DNA really shapes our lives from how we look (eye color, height, etc) to how we behave (static, emotional, rational, etc). DNA also plays a major part in what we are good at (think athletes or artists) as well as what we are passionate about – in my case I am passionate about finance. I first came across this concept while I was working for a major commercial bank. I was amazed at one of our regional manager’s ability to remember minute details about the loan packages we sent to him for approval. Over and over again this person was able to recall very specific details about a borrower or their loan package after having only seen the write up once or twice and after only seeing it weeks or months prior. I was so amazed that I made a comment to my local branch manager; ‘How is he able to remember that!’ His response was that he had the right DNA.

Now, we all know that the ability to remember minuscule details could really be beneficial in any business situations, but this person’s DNA also allowed him to be passionate about and very good in the world of finance. Thus, he chose or allowed his DNA to lead him into his career field. It was the same for me. As a youngster, I always loved numbers – could remember a number about someone (their age, height, phone number) before I could remember their name. Then, when I took my first finance course in college, I was hooked. I could use the gifts in my DNA to carve out a living for myself and thus choose finance as my major and life’s work. Each one of us has a very unique set of DNA. This is not only what makes us who we are but differentiates us from others around us. And, in business, it is what makes you and your business different than your competitors; differences that can lead to your success or failure.

Therefore, I always suggest that when searching for a business idea – look inward first and try to find out what makes you who you are. In the end, not only will you be able to separate yourself from other businesses but will bring both passion and dedication to the mix. And, we all know that if you are passionate about what you do, not only will you do it well but it can also be infectious – meaning that your customers will begin to share your passion in the products and services you offer. Just think about it. What makes Bill Gates or Steve Jobs so good at what they do? What makes a Venture Capitalist be able to see the value of a new business concept and the management team that put it together? What makes Warren Buffett such a great investor regardless of the economy? What makes your favorite mom and pop retail store such a success that you keep coming back?

It all has to do with the DNA of these people and how their DNA shaped them to create the businesses and industries that they are in. Thus, if you are in the market to start a new business and are unsure what business to start, let your DNA and the traits you get from it, lead your way.

Bookkeeping Help – To Raise The Profit Bars Of The Company

admin — Thu, 31 Dec 2009 14:44:27 +0000

Among the several accounting tasks bookkeeping task is cumbersome and monotonous. Bookkeeping task is all about managing all the information related to various transactions taking place following a particular format and keeping a check if all the monetary operation has been well kept up. Checking the sales book as well as journal’s detail, recording information in ledger to check the cash available at hand is an extremely exhaustive task that is often considered as an ache for several accounting professionals. A solution here that can give the relief is appointing bookkeeping help services. The survival of any business is largely determined by its accounts as well as bookkeeping tasks is well known. In such a case bookkeeping becomes the foremost step taken towards doubling up the profits. The essentiality of bookkeeping can be seen from the fact that with sound practices of bookkeeping the accounts will show transparency which leads to profits along with goodwill. Hence, no business owner can understate the vitality of bookkeeping help.

There are numerous bookkeeping outsourcing firms, which offer you assistance. These firms are proficient as well as skilled in their task along with rendering services at almost half the price you have to shell out from getting the bookkeeping tasks done from an in hose professional. You can avail several benefits if you take the route of taking bookkeeping help. The cost factor slashes from high low as you do not have to pay salaries and perks to the employees. The professionalism degree also increases. The work will be submitted well in time and the quality of the work will remain intact. With this the business owners are very confident about the standards of bookkeeping. As bookkeeping is an extremely monotonous task that needs you to perform the same tasks over and over again, it has really become extremely difficult for the owners to find employees who are willing to perform the task with sincerity and dedication. Since an individual does not get an opportunity to be creative in the bookkeeping tasks the job becomes extremely boring thereby hampering the overall productivity of an employee. With bookkeeping help your company gets free from all sorts of problems associated with bookkeeping but also renders the business owner with numerous advantages. Besides, there are numerous things which should be taken into consideration prior to appointing the services of bookkeeping firms.

The business owner should properly check the reputation of the firm which offers bookkeeping help; take in consideration the past records of the firm along with going through the feedback of the companies who have hired their services earlier. With this you will have a fair idea about the firm’s services. There are times when the cost charged by the firm is extremely low which is likely to attract many in hiring them but in such cases the quality of the services is extremely low. Hence, the companies should consider not only the money saved but the quality of the services rendered also. By keeping these factors in consideration you will surely be able to make a right decision.

Small Business » Small Business Development

Searching For A Business Idea – Do What You Were Born To Do

Bookkeeping Help – To Raise The Profit Bars Of The Company