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startup capital Tagged Articles
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THE LATEST AND HOTTEST FRANCHISES
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| When one considers a franchise business opportunities the thought of mega chains stores and large start-up capital and franchise fees come to mind. As a potential franchisee you need to seek answers to the following:
• Quality of the product
• Location flexibility
• investment requirement
• Operational support
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Becoming the Asian Superman: Li’s Business Takes Off
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| Li’s plastics manufacturing company was officially founded in 1950 and began by making plastic combs and soapboxes. He had borrowed the startup capital he needed from family, friends, and the contacts he had acquired while working as a salesman in the years before, but it still was not a lot. “The first year, as I didn’t have much capital, I did everything myself,” Li recalls, “which kept my overhead low.” From learning about everything from accounting to how to fix the gears of his equipment, Li says he “started from the bottom up.” |
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A Cutting-Edge Career: Cuban Makes It Big
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| After being fired from Your Business Software, Cuban convinced some of its other employees to leave the company and join him in his latest venture, MicroSolutions. It was to be a system integrator and reseller for various IT companies, including IBM and Apple. In just eight years, the company had sold over 500 networks that ranged in size from two to over 1,000 users. By investing in cutting-edge technology and providing outstanding customer service, MicroSolutions had become a major player in the promising new IT industry – so major, that in 1990, Cuban sold the company to CompuServe, Inc. for $6 million. |
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Lesson #1: Plan for the Worst to Reduce the Risk of Risk
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| Entrepreneurs, by definition, are risk-takers, people willing to strike out on their own in order to seize an opportunity and make a profit. But, for Li Ka-shing, the richest man of Chinese descent, risk should not be a part of the equation. Li is a self-proclaimed risk-averse entrepreneur and goes to any and all lengths to reduce the risks inherent in his actions. It was in planning for the worst case scenario and learning to expect the unexpected that Li managed to succeed where others before him had not. |
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Rick Rubin and Russell Simmons
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| One was a college dropout who began promoting local rap acts in the ghettos of New York; the other was an NYU student who spent more time playing in punk bands than he did in class. One knew nothing but hip hop; the other nothing but rock. Nevertheless, after a chance encounter at a New York club, Rick Rubin and Russell Simmons became fast friends. Together, they would go on to found the most influential hip hop label in the world, and change the face of American music forever.
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Lesson #1: Make Your Critics Eat Their Words
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| “The greatest failure is not to try,” says Fields. “Had I listened to all the people during the course of my life who said, “You can’t. You’ll fail. It won’t work. You don’t have…,” I wouldn’t be here today.” |
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A Reality Check
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| Entrepreneurs are notorious optimists - they almost have to be, to take the risks required to start their own ventures.
I'm an optimist too, but I temper my sunny outlook with a large dose of realism. (It doesn't always save me from making dumb decisions, but it helps.) |
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10 Hottest Low Cost Franchise Business Opportunities
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| With the current state of our economy, it may seem like starting a business right now could be a risky decision, but in fact, there are some businesses that thrive in spite of a recession and these low cost franchise business opportunities can get you in the door of a new small business for less than the average price of a new car. Here's the 10 hottest low cost franchise business opportunities available today. |
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Drop Shipping Comes In Many Forms
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| Drop shipping success depends on you knowing what it takes to succeed with the type drop shipping program that you choose. If you choose the wrong category you may not only fail, but worse yet miss a big opportunity that might have been yours had you chosen correctly. |
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