I'm a Young Entrepreneur! Are You?

Are you young like me? Are you young at heart? And are you an entrepreneur? Then, we belong in this inspiring young entrepreneur's educational blog.

These days it seems that entrepreneurs are starting their ventures younger in life than ever before. Though they may lack in business experience, there are lots of resources that they can find to help educate themselves online.

I found that great news as Paula cited in her post about the effort of Online College Degree in creating this thorough list of 100 Best Blogs For Young Entrepreneurs!

Time To Learn Risk Management

We both know that we are in a global recession yet this is not the time to surrender. Internet businesses or any business start ups, there are some skills we can acquire to beat this downturn. One of that skills is one of the very important management skill in business -- Risk Management. I found this worth noting article from Small Business Lessons. I quoted the skills below.

• Risk management should create value.
• Risk management should be an integral part of organizational processes.
• Risk management should be part of decision making.
• Risk management should explicitly address uncertainty.
• Risk management should be systematic and structured.
• Risk management should be based on the best available information.
• Risk management should be tailored.
• Risk management should take into account human factors.
• Risk management should be transparent and inclusive.
• Risk management should be dynamic, iterative and responsive to change.
• Risk management should be capable of continual improvement and enhancement.

Check out more of this article here -> What Risk Management Can Do To Beat This Down Turn?

11 Reasons Why People Leave Your Website

Tom Now has written an excellent post at StartUpNation site pointing 11 Reasons Why People Leave Your Website. We must take note of it as it is very important.

1. Lack of Clarity
2. Unprofessional Design
   
3. Poor Navigation
   
4. Lack of Differentiation
   
5. Lack of Engagement
   
6. Outdated Content
   
7. Links to External Sites
   
8. Ads
   
9. Slow Loading Pages
   
10. Lack of Calls-to-Action
    
11. The Yawn Factor

Check out how Tom expanded his thoughts about these 11 Reasons Why People Leave Your Website and why should we consider giving second thoughts on our websites as well.
f

Be A Responsible Internet Business Owner

With the advent of technology, there are many ways that an internet business owner can build relationships, promote content and build branding. Most of the time, the platform that offers this venue for promotion are of less expensive and even free.

To mention, here comes the social media sites like Twitter and Facebook. But like any other services, these social media sites are still here for business. After all, everything is business. These social media sites are undeniably very helpful source for free advertising, content and brand promotion over the net but just like any other aspects of life there are some drawbacks to that. It's not necessarily drawback but we must be responsible enough on how we use these social media sites effectively to our business.

I have found a good source we can refer to that will serve as an awakening call for us. Check out this article --Is Facebook Turning Us Into Digital Sharecroppers?

13 Tips for Business Start ups

It has been quiet a while since the last time I featured someone here in Internet Business Dreams blog. Today, our featured internet and business enthusiast is Paul Grahams.

Paul Graham is an essayist, programmer, and programming language designer. In 1995 he developed with Robert Morris the first web-based application, Viaweb, which was acquired by Yahoo in 1998. In 2002 he described a simple statistical spam filter that inspired a new generation of filters. He's currently working on a new programming language called Arc, a new book on startups, and is one of the partners in Y Combinator.

Now, what's more worth noting about Paul? I found one of his articles he wrote which I believe is a very good source for all internet business start up owners and even those aspiring to be. He has written an article with practical and really helpful tips. He entitled his post as Start Ups in 13 Sentences.

What are those 13 tips for business start ups? Check it below.

1. Pick good cofounders.
2. Launch fast.
3. Let your idea evolve.
4. Understand your users.
5. Better to make a few users love you than a lot ambivalent.
6. Offer surprisingly good customer service.
7. You make what you measure.
8. Spend little.
9. Get ramen profitable.
10. Avoid distractions.
11. Don't get demoralized.
12. Don't give up.
13. Deals fall through.

Paul expanded his thoughts on each tip, so check it out.

Why do a lot are planning to start a business?

Reading from different US business bloggers, each and everyday I learn how these people are very much active in business and even a lot more have that burning spirit of starting their own business. So I started to wonder. I have found an answer for my question which is my title for this post -- Why do a lot are planning to start a business? I quoted it below.

Development of value-added enterprises, corporate downsizing, a generally favorable economy and ill feelings toward corporate America are reasons that have been given for recent increases in the number of people starting small businesses. While small business growth represents a positive contribution to the nation’s continued economic expansion, entrepreneurs need to be aware that it takes more than a good idea for a small business to succeed. Small business entrepreneurs must plan for success. This includes market research, identifying the primary audience/consumer and developing a five or ten year plan that includes cash flow, financing and expansion concerns.

I quoted from a business pdf file from Agricultural Development Center of the University of Tennessee. Check it out as it also discusses planning a business against a failure which I regard it as highly important. To give you a hint of what you will learn I quoted few thoughts from the pdf file.

While no person should start a new venture preparing for failure, they should have a clear plan for success which involves actions if things do go wrong. Every business has a life span that is depicted by its business life cycle. A business life cycle is normally defined by four stages; Introduction, Growth, Maturity and Decline. Most business life cycles will experience a slow introduction and growth stage, a short maturity stage and a rather quick decline stage. Determining why most businesses fail can be a helpful identification of the eventual decline phase of a business.

Use PEX Card to Control Employee Expense and Reimbursement

Employers will definitely love this as I was also amazed that this service can offer to a lot of business owners out there. It is named as PEX Card.

In today’s economic climate, credit is fast becoming more limited to access and this can cause disruptions and be costly to small businesses. Additionally, many are cutting back and pinching pennies wherever they can right now and effective management of funds is now crucial.

Toffer Grant has an efficient solution for just this purpose. Toffer is the CEO and Founder of the PEX Visa prepaid card program. A program that allows business owners to closely control employee spending, expenses and reimbursement in real-time. Best of all - it isn’t a bank account.

I found this news from a podcasting site - SMBTrendWire.Com, where Mr. Toffer Grant was interviewed by Anita Campbell on how PEX Card Control Employee Expenses And Reimbursement. You can listen to the podcast and might as well consider this for your business.