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The Fun Of Starting A New Business  by: Sintilia Miecevole So you had that fantastic business idea, the one that's going to be wildly successful and make you a fortune - even better, you actually did something about it and started your own business. Good for you! Not everyone gets that far. Most people sit and day dream about what they might do if only .... "The world is full of dreamers, there aren't enough who will move ahead and begin to take concrete steps to actualize their vision" - W. Clement Stone But you got over the biggest hurdle, that first step and you actually created something. Well done - you did more than most. Now you have the day to day details of running your business so how do you keep going? There are several things to look at here: 1. What are you good at and what do you enjoy doing? Make two lists - one of the jobs you like and one of the jobs you don't do very well. Take the second list and have a look at what you might outsource or automate. Do you love doing those accounts or would your time be better spent in forward planning while your accountant does the sums? Must you personally reply to every enquiry or could you create a FAQ which you can post on your website and refer people to by autoresponder? In the early stages of your business you might find you don't have the money to pay someone to do the jobs you hate. Could you swap skills to get the help you need? 2. Why are you doing this? You need to be motivated to start a business and keep it going. The best way to do this is to know what the effort is for. What really moves you to get up in the morning and do what you need to do even when you don't really feel like it? Write your reasons down. Find pictures of that house, or that holiday and put them where you can see them. 3. How do you deal with those bumps in the road? Not everything you do will be perfect - sometimes things you've tried will be a disaster - it's the way you react to problems that matters. If you curl up in a ball and give up at the first sign of failure you'd better not be in business. It's all about attitude. 4. Have a plan and stick to it as far as possible but be prepared to be flexible and open minded. Sometimes the most unexpected opportunities come and you need to be ready to seize them. - as Joe Vitale says 'Money likes speed'. 5. Get a mentor - learn from someone who has done it. Someone to bounce ideas off and who can encourage you when things get tough is invaluable. And most importantly, never let anyone put you down and never be afraid of failure: "It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who at the best, knows in the end the triumph of high achievement; and who, at worst, if he fails at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat" - Theodore Roosevelt. Don't ever forget that! About the author: Check out http://www.yoaccountant.comwith your host, Sintilia Miecevole and enjoy the wealth of information from careers, salaries, auditing, CPAs, consulting and taxes to resumes,forensic accounting and more. Click on to http://www.yoaccountant.comfor further information.

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11/21/2008 06:18 AM

The Business of New York Real Estate: Timely Information, Trusted Analysis and Valuable Resources Online (GlobeSt.com)

NEW YORK CITY-With developers canceling or postponing projects due to the downturn, Barnes & Noble has cut its planned store openings for 2009 and is carefully negotiating lease renewals, executives said at the company’s third-quarter conference call.

11/21/2008 07:42 AM

Insurers begin to feel pain (Courier-Post)

A new wave of loan defaults, this time tied to commercial mortgages, is starting to hit insurance companies and may be contributing to the stock market's woes.

11/21/2008 07:50 AM

Yellow Fever (Forbes)

James Fayed was a smart, early player in the digital gold currency business. Today he's in jail, indicted for murder--and likely to be charged with laundering $1 billion or so.

11/21/2008 06:00 AM

Arthur D. Little Launches The Water Margin: How Strategic Management of Water Can Grow Business Value (Business Wire via Yahoo! Finance)

LONDON----A new report from global management consultancy Arthur D Little warns businesses that a reactive response regarding water management can damage business performance. The report provides several illustrations of how water affects many businesses’ financial performance.

11/21/2008 08:12 AM

Wall Street Journal Invades News York Times' Advertising Turf (Bloomberg)

Nov. 21 (Bloomberg) -- The Wall Street Journal is invading the New York Times' advertising turf as competition intensifies in a souring U.S. economy. Saks Inc., a Times advertiser since 1924, recently chose to promote a new Chanel boutique and made-to-measure men's suits in the Journal.

11/21/2008 08:13 AM

CONSTRICTIVE CRITICISM (New York Post)

THE cranky cobras of the venerable New York Drama Critics' Circle met on Monday, and their mood was black. They're not a cheery lot even in the best of circumstances, but this week there was a lot to be gloomy about. They knew, of course, that...

11/21/2008 07:45 AM

Russia's Alfa denounces court order to sell stakes (San Francisco Chronicle)

Russian conglomerate Alfa Group on Friday railed against a court ruling by a New York judge, who ordered the company to sell stakes in some of its Ukrainian assets, calling the decision "unfair." The U.S. Federal Court for Southern district of New York held...

11/21/2008 07:33 AM

Russia's Alfa denounces court order to sell stakes (Miami Herald)

Russian conglomerate Alfa Group on Friday railed against a court ruling by a New York judge, who ordered the company to sell stakes in some of its Ukrainian assets, calling the decision "unfair."

11/21/2008 06:19 AM

*vwd/BUSINESS WIRE: Arthur D. Little Launches The Water Margin: How Strategic Management of Water Can Grow Business ... (vwd.de)

MITTEILUNG UEBERMITTELT VON BUSINESS WIRE. FUER DEN INHALT IST ALLEIN DAS BERICHTENDE UNTERNEHMEN VERANTWORTLICH.

11/21/2008 07:05 AM

Homeland Security Pick (Hartford Courant)

President-Elect Bedeviled By Leaks, Rumors About Cabinet Choices Top aides to the president-elect had hoped to take a methodical approach to selecting and unveiling their new team, starting with the announcements of top national security and economic players shortly after Thanksgiving. But leaks and rumors have disrupted that plan, suggesting that the "no drama Obama" mantra famously repeated ...