Checklist for Starting a Payday Loan Business: Essential Ingredients for Success
If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a Payday Loan business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!
For more insightful videos visit our Small Business and Management Skills YouTube Chanel.
A Step by Step
Guide to Starting a Small Business
This is a
practical manual in a PDF format, that will walk you step by step through all the
essential phases of starting your Payday Loan business. The book is packed with
guides, worksheets and checklists. These strategies are
absolutely crucial to your business' success yet are simple and
easy to apply.
Copy the following link to your browser and save the file to your PC:
https://www.bizmove.com/free-pdf-download/how-to-start-a-business.pdf
You are Wonderful
The following true story captured our
heart. It happened several years ago in the Paris opera house. A
famous singer had been contracted to sing, and ticket sales were
booming. In fact, the night of the concert found the house
packed and every ticket sold.
The feeling of anticipation and
excitement was in the air as the house manager took the stage
and said, "Ladies and gentlemen, thank you for your enthusiastic
support. I am afraid that due to illness, the man whom you've
all come to hear will not be performing tonight. However, we
have found a suitable substitute we hope will provide you with
comparable entertainment." The crowd groaned in disappointment
and failed to hear the announcer mention the stand-in's name.
The environment turned from excitement to frustration.
The stand-in performer gave the
performance everything he had. When he had finished, there was
nothing but an uncomfortable silence. No one applauded.
Suddenly, from the balcony, a little boy stood up and shouted,
"Daddy, I think you are wonderful!" The crowd broke into
thunderous applause.
We all need people in our Lives who
are willing to stand up once in a while and say, "I think you
are wonderful. "
Like any good mother, when Karen found out that another
baby was on the way, she did what she could to help her
3-year-old son, Michael, prepare for a new sibling.
The new baby was going to be a girl, and day after day,
night after night, Michael sang to his sister in Mommy’s tummy.
He was building a bond of love with his little sister before he
even met her.
The pregnancy progressed normally for Karen, resident
of Morristown, Tennessee, USA.
In time, the labor pains came. Soon it was every five
minutes, every three, every minute. But serious complications
arose during delivery and Karen found herself in hours of labor.
Finally, after a long struggle, Michael’s little sister
was born. But she was in very serious condition. With a siren
howling in the night, the ambulance rushed the infant to the
neonatal intensive care unit at St. Mary’s Hospital, Knoxville,
Tennessee.
The days inched by. The little girl got worse. The
pediatrician had to tell the parents there was very little hope.
Be prepared for the worst. Karen and her husband contacted a
local cemetery about a burial plot. They had fixed up a special
room in their house for their new baby, instead, they found
themselves having to plan for a funeral.
Michael, however, kept begging his parents to let him
see his sister. “I want to sing to her,” he kept saying.
Week two in intensive care looked as if a funeral would
come before the week was over. Michael kept nagging about
singing to his sister, but kids are never allowed in Intensive
Care.
Karen decided to take Michael whether they liked it or
not. If he didn’t see his sister right then, he may never see
her alive. She dressed him in an oversized scrub suit and
marched him into ICU. He looked like a walking laundry basket.
The head nurse recognized him as a child and bellowed,
“Get that kid out of here now. No children are allowed.”
The mother rose up strong in Karen and the usually
mild-mannered lady glared steel-eyed right into the head nurse’s
eyes, her lips a firm line, “He is not leaving until he sings to
his sister.”
Then Karen towed Michael to his sister’s bedside. He
gazed at the tiny infant losing the battle to live. After a
moment, he began tossing. In the pure-hearted voice of a
3-year-old, Michael sang:
“You are my sunshine, my only sunshine; you make me
happy when skies are gray.”
Instantly the baby girl seemed to respond. The pulse
rate began to calm down and became steady.
“Keep on singing, Michael,” encouraged Karen with tears
in her eyes.
“You never know, dear, how much I love you, please
don’t take my sunshine away.”
As Michael sang to his sister, the baby’s ragged,
strained breathing became as smooth as a kitten’s purr. “Keep on
singing, sweetheart.”
“The other night, dear, as I lay sleeping, I
dreamed I held you in my arms”.
Michael’s little sister began to relax as rest, healing
rest, seemed to sweep over her. “Keep singing, Michael.” Tears
had now conquered the face of the bossy head nurse. Karen
glowed.
“You are my sunshine, my only sunshine. Please
don’t take my sunshine away…”
The next day,…the very next day…the little girl was
well enough to go home.
The lesson: Never give up on the people you love.
Love is so incredibly powerful.
– The Woman’s Day Magazine called it, “the miracle
of a brother’s song”.
– The medical staff called it a miracle.
– Karen called it a miracle of love.
This is a true story, happened in 1992
in Tennessee, USA. The baby girl’s name is Marlee.
Today, experts Agree that more companies
face an unstable business environment. Improvements in data
processing and
telecommunications have produced major changes
in many industries. In addition to this, improvements in
transport and the
development of foreign markets
(specifically in Europe and Asia) have created a worldwide
market and surpassed certain businesses.
Additionally, as
consumers are exposed to more options, loyalty is becoming less
important than it once was; a slightly better
deal or a
temporary lack of stock can easily lead to the loss of
consumers. Competitors also can alter rapidly, with new ones
appearing from out of nowhere (often this means the other side
of the globe). With the instability of the worldwide market, it
is
vital that you make strategic planning component of your
overall business plan.
Proactive Versus Reactive
Management. A few years ago, you can set and maintain a business
by reacting to and fulfilling changes
in preferences, costs
and prices. This reactive type of management was frequently
enough to help keep the business moving. But,
today changes
occur quickly and come from many directions. By the time a
reactive manager can make the required adjustments, he or
she
might lose many clients -- maybe for good.
Proactive
Planning is the expectation of future events. Decisions are
based on predictions of future states of the environment as
opposed to reactions to several crises as they occur. Proactive
planning within an unstable, technology-driven small business
environment is important to continuing success in just about any
endeavor. Rather than responding to this situation as it
affects,
proactive planning requires that you examine
environmental forces and make resource-allocation decisions. By
doing this you can
take your company where it needs to be in
another month, decade and year. Barry Worth, a consultant
specializing in small business
management, puts it this way:
Today's entrepreneur has to be a company proprietor. Anything
built in today's business environment
has to have a
step-by-step blueprint or plan on how to reach success. The
blueprint for today's business owner is a business
program.
The Want To Get a Strategic Plan. Planning has an
important role in any business enterprise. It can make the
difference between
the success or failure of your
organization. You need to aim carefully before investing your
time and, especially, your cash in
any business venture. The
demand for a strategy is best illustrated by the following
situation -"A Tale of Two Firms."
Two franchises (A and
B) were started by people who had worked in direction in much
bigger companies. While Franchise A provided a
product and
Franchise B a service, the output of the franchise systems had
been marketed exclusively in the United States before
the
present owners became involved. The output of the two was
readily available in several other developed nations too. The
franchises started about the same time and neither franchisee
had a solid market presence, nor do they present. Now Franchise
B is
broke. By comparison, Franchise A is selling products in
the Midwestern United States and in Europe.
What was the
Determining difference from both franchises' success? You
probably expect it to be the you had developed a tactical
plan and the other hadn't; howeverit isn't this simple. Many
factors can influence the result of a business venture. There
were
lots of similarities between the franchises, but there
were also many differences.
Most notably, Franchise A
marketed a product and Franchise B per service (although this
doesn't clearly limit choices ). The other
variation was that
Franchise A had a carefully thought-out plan. The investors knew
as they looked to get a franchise partner they
desired to
find something that could satisfy global markets along with a
franchiser who'd support that type of sales campaign.
These
investors were based in the Midwest, but negotiated for
exclusive rights to export the franchiser's product. After they
had
acquired the franchise, and as they began to launch their
business domestically, they also started to contact government
experts
from the U.S. Department of Commerce as well as
teachers and local managers with international experience.
Clear plans Were developed outlining how they'd position,
promote and distribute the solution and which foreign markets
would be
targeted first. Even as they had been building sales
in a single European market, they were attending trade shows and
preparation
entry strategies in others.
By
comparison, The next investor (Franchise B) started his business
strictly because he wished to leave a former employer. Of
course many small businesses begin this waynonetheless, in this
event no investigation of franchising options was completed. The
organization was located in a place that, as it was, contained
virtually no consumers for the type of service being supplied.
If
this error was accomplished, it was too late to proceed
--the investor simply didn't have the cash or the desire to risk
starting
back again.
Other examples Further show the
demand for strategic planning and for developing a clear
business plan. Whoever owns a company
that appeared to be
performing quite well in just two places was going to open in a
third. The writers were called in to develop a
benefits plan
and discovered cash flow conditions that could be found only
after operations had started in the new site. After
assessing
the situation, a growth and fiscal plan was developed for the
sound locations only. In another case, the authors decided
that a business had bought more equipment than was needed to do
the present workload.
After careful Evaluation, plans to
make additional purchases were put on hold, along with the
equipment available was utilized
efficiently to meet
immediate needs.
A business Enterprise is to complex to
assume that failure to come up with a solid business Plan will
be the reason behind
problems Nevertheless, this failure
frequently counts Among the factors contributing to business
issues. As Worth has said, "Being
a business entrepreneur
today takes constant vigilance to be able to Be in a position to
take advantage of fresh opportunities and
the access to new
Technology and information as they come into being." Step one in
Doing this would be to get a plan.
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