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As the founder of an aircraft cleaning business, and after franchising it all over the country, I often get asked about the industry. Detailing and Cleaning corporate aircraft is a great business and the pay is very good. Recently, a successful operator of a car detailing company asked me about the aircraft-detailing sector as a potential place to expand his business.
Subject: Expanding into Aircraft – Looking at expanding our current detail business into the aircraft industry. Where is the best place to investigate the pro and cons of this segment of the detailing business?
Well, perhaps the biggest cons to adding Aircraft Detailing to your mix is Time, Aggravation, and Cost.Time:It takes time to develop Aircraft Corporate Detailing Accounts, but once you have a few the word of mouth is good and brings you in lots of business.Aggravation:It is aggravating to have to deal with the many airport rules, background checks for all employees and the time it takes the bureaucracy to process your “Airport Activity Permit”, but once completed it acts as a barrier to entry keeping out competition and gives you an exclusive on the captured customer base. Generally, there are only 2-3 aircraft cleaning companies on an airport.Cost:Cost is a huge consideration, as the airport will require increased liability insurance, and that could run you several thousand dollars, depending on the situation. Generally the airport wants to be additionally insured for 5 million or more in liability insurance. Insurance companies need you to pay some of that upfront, yet realize you have not cleaned your first aircraft yet. Worse, the permit at the airport can take as long as 3-months to process, usually faster, but it gets ridiculous sometimes.Those are the biggest negatives.The pros are that you make a lot more money cleaning aircraft than anything else you will wash in the transportation industry, so it is a good business and the work is a lot easier too. Perhaps you should consider this if you wish to expand your auto-detailing company?
Complete these 4 advertising techniques and you will be reaping the rewards of being a pro clown in no time:#1 Google – There is a reason that the word Google has become a verb. It is the most powerful tool any marketer can have. You want people to have access to your info in one quick search. Make it easy for producers to find you, Google makes that happen.#2 Facebook – With over 500 million users worldwide, it seems that anyone not using Facebook to better their career just is not keeping pace with everyone else. Think about the reach and power advertising on a platform with that many users can mean for your clown business.#3 Networking Groups – There is something to be said about the power of referrals, people helping people is powerful stuff. You have to fight the urge to be 100% virtual and get out there and actually talk to people in person. You might get a chance to spotlight or showcase for one of their meetings, and hey that is free advertising right in front of the people who are gonna book you.#4 Free Shows – It is true these articles are all about trying to improve your marketing to increase your bookings in turn making you more money. Performing for free will net you paid gigs. Think of them as showcases and set up opportunities to get good video for your E.P.K. Besides you have to give back to get back, it is just good Karma!Concentrating your efforts on these 4 techniques will bring your marketing into the 21st century. It will categorize you as a pro clown and position you as one of the top performers in your industry. Good performers have to be great marketers!
Selling your business is something that most business owners do only once in a lifetime. So how do you make sure everything goes well? Many business owners consider working with a business broker, an expert in selling businesses, to make sure they maximize the sell price of their business. Is this always a good idea? Lets look at the pros and cons of working with a broker:Why you should work with a business broker when selling your business1) A broker has (hopefully!) sold many businesses for prior clients, and you can use that expertise to learn the basics of the process and avoid making careless mistakes.2) They can act as a facilitator to the transaction, making sure that negotiations go smoothly, the transaction proceeds at the right pace, and that the business is ultimately sold with all parties satisfied.3) A broker may reduce your upfront costs of selling the business, as many brokers will pay for creating sales collateral and advertising the business at their own expense in exchange for a fee when the business sells. They also may have insights as to what advertising mechanisms deliver the best “bang for the buck” to make sure as many potential buyers as possible are exposed to your business.4) They can provide expert advise related to market conditions and can help evaluate potential offers to buy your business. For example, a business broker will typically provide a free initial estimate of the sales price of your business, and can provide information on what similar businesses may have recently sold for in your area.5) A business broker can help preserve the confidentiality of the sale. By having a third party involved, buyers can interact with the broker instead of the business owner, making it easier to protect the identity of the business for sale.With so many good reasons why a broker can help sell a business, no wonder that most businesses that are sold ultimately involve a business broker. However, there are downsides to working with a broker that a prudent business owner should consider.Why you should NOT work with a business broker when selling your business1) Business brokers may charge a large commission. The amount of commission varies based on many factors, such as the ultimate sales price, geographic location, and the skills of the broker. For a “main street” style business selling for less than a million dollars, it would not be unusual to see between a 10% to 20% commission fee. Some brokers will also have a guaranteed minimum, on the order of $10,000 or $15,000. You should only hire a business broker if you believe that the time and effort involved justifies this price, or if you believe they will raise the selling price by more than the amount of their commission.2) A great broker is worth their weight in gold, but a bad (or even mediocre) broker costs far more than they are worth. In many cases, the sale will be lost due to incompetence on the part of the business broker. If you are not confidant that the business broker can not only increase the transaction value, but can also increase the chances of actually getting the business sold, then you are probably better of managing the sale on your own.3) Do not work with a business broker if you go into the transaction not knowing what you want out of it. Many times business brokers will contact you proactively, letting you know that there are buyers interested in buying your business. Selling a business is a big decision, and one that you should enter into with a great deal of care. Make sure that you are talking to a broker because YOU made the decision to sell, and that you have properly educated yourself about the process and the ultimate consequences of your decision.Working with a business broker, when done properly and for the right reasons, can be a great benefit to selling your business. By educating yourself about the different factors involved, you have taken an important first step towards getting your business sold. Best of luck!
Metrics, Performance Analysis, and other measuring systems are important for a company. The data provided by such measurements will greatly help companies and organizations to point out their flaws and strengths and in that way they can make improvements and move forward. Metrics such as Market Metrics, Performance Metrics, Brand Metrics, Financial Metrics and others can be organized by consulting firms. The process is referred to as Consulting Metrics. Consulting Metrics has its own set of Positive and Negative attributes.In one way, they are able to give companies a professional insight and unbiased data when it comes to Metrics System compilation. However, it can also result into generic and extremely objective data. Consulting Metrics firms offer a variety of services to different companies. These services can range from the formulation of metrics and sometimes even the performance of these activities themselves.Providing a company with a customized metrics system is one of the lures of these firms. They promise that each company will be compiled their own set of Metrics that fits their specific needs. Companies can also commission firms to include customized data gathering to the Metrics that will be developed. This is helpful especially for young companies that have little experience in the Metric field.Another service provided by a firm is to give a professional touch as well as an experienced view when formulating Custom Metrics. This comes about because these firms have years of experience when it comes to Metrics formulation which means that they know how to avoid the pitfalls that plague most metric systems.Consulting Metrics can be a great time saving choice for companies. All it takes is to have an outside firm formulate a set of Metrics for whatever purposes that they need. These firms will give you a system that is unique to your requirements. A big positive is that they provide an ‘outsider’s view. It is said that an outsider looking in is the source of the best objective and unbiased data there is. Therefore if a company chooses to have an outside firm compile their Metric System for them, they will undoubtedly get a system that can point out the positive and negative attributes of their existing system or employee performance.Metrics done by outsiders is most useful for numeric data reports. They are the best to use for numeric data like financial and market reports. However, there is a disparity when it comes to using outside services for HR and personnel performance reviews. Although it can be good because it gives companies a true nonsense view of how their employees are performing, it can also be harshly objective.This is disturbing for some people because they argue that a person’s performance level cannot be measured by mere tests from an outsider firm. Knowledge of a person’s background is necessary when doing performance checks. Therefore, it is important that the local HR department give its insight on the employee performance as well to come up with a well rounded report.
Somewhere around the globe today, someone is thinking of starting a internet business or a home-based business. In fact there are currently over 1.5 billion people (that’s billion with a “B”) worldwide searching for an opportunity to make income from home. Are you one of those people who are just sick and tired of being told what to do by a boss who doesn’t appreciate your contributions to his or her business?What are you going to do about it? Will you just sit there complaining and whining? Or will say “enough is enough. I am off to do my own thing?”If you decided to say “by, bye, unappreciative boss”, I commend you immensely. Because it takes sheer courage to do what you just did. But that is just the first step in the rewarding journey you are about to undertake.Ok, you decided you are going to do your own thing. What will you do? Are you going plunk down hundreds of thousands of dollars to buy a franchise or get involved in home-based business or network marketing business that cost a fraction of a franchise? What are the pros and cons of each of these types of business?Take a look at a franchise for example.Pros:1. Huge income potential
2. Corporate support
3. The joy of owning your businessCons:1 Huge investment
3.Local zoning restrictions
4.Employees(someone has to mind your registers)
5.Marketing restriction from corporate
7.Worries about paying back your business loans
8. Store front
9. Rent for space
11. Employees stealing from you.Now, take a look at Home-based/Network marketing business.Pros:
1. Huge income potential
2. No employees
3. No payroll takes
4. No zoning restrictions
5. No loans to pay back
6. Joy of being in business for yourself
7. Parent company support
8. No Boss
9. Work at your own pace
10. Work when you want
11. No store front
12. No franchise fees.Cons:
1. You are responsible for your businessThere you have it. Although there are many more reasons why one type of business may be better for you, you can start with the list above to help you in making your decision as to which way to go for you and your family.I understand it’s a big step to take, but take it you must. As the old Chinese proverb says: “The journey of a thousand miles, begins with the first step”As you can see, whether you have a lot of money to invest in your business or on a fixed income, it’s a no brainer that network marketing is a better way to go. And what better direction to go than starting a internet business where YOU are steering your success?What better time than NOW to start your internet business? Especially knowing that there is a vast conspiracy against YOUR money. Take your destiny in your own hands. Don’t leave it up to someone else to determine your family’s future.
Starting a home based business is a very admirable act. It means you’re finally saying goodbye to the traditional corporate world and you’re taking the first step towards being your own boss. However, there are many home business ideas to choose from.One of the most famous home based business is network marketing, and for good reason. Network marketing, also known as multi-level marketing or MLM marketing, allows you to sell goods or services to others whereby you make a commission off of everything you sell. Not only that, but you will begin to recruit others to work underneath you selling the same goods and services.The idea is that you will build a pyramid of associates that will funnel residual income up to you, who sits at the top, forever and ever. It is this dream of a constant income flow that attracts many people to MLM marketing and it’s why it is superior to traditional home businesses.The Traditional Home BusinessThere are many other home business opportunities and one of those is internet marketing. With internet marketing, you have a product and you essentially market that product all over the internet with the hopes of getting sales. With this type of home based business, you are your own boss and you can also create an income stream if you are good enough.However, with a business like internet marketing, you’re essentially all alone. You have to work your social networking campaigns all by yourself and you have no support system in place in case you ever get in trouble. That’s where network marketing comes out on top. With MLM marketing, you always have people backing you up and you know you can always count on the organization to come through for you if you ever get into a jam.Support SystemIt is this support system that attracts so many people to network marketing. When you are choosy about what company you work with, what products you sell, and what type of associates you recruit, you will begin to build a business that has a solid infrastructure that cannot be toppled no matter what happens. If you ever get into a spot where you can’t sell anything, one of your associates can help you out. Plus, you’ll be making income off of what your associates sell so you’ll never have a down month if you play your cards right.The bottom line is that network marketing, or MLM marketing, is superior to all other home businesses in a number of ways, but it’s the support system that truly sets MLM apart. And it’s that support system that has so many people jumping from internet marketing and other home based businesses to the MLM bandwagon because there is so much money to be made. If you play your cards right, and you’re choosy about the company you keep, you’ll be one of those people who makes a lot of money and you’ll be able to do it all from the privacy of home.
The idea of running a home-based business is appealing to people of all backgrounds all over the world. On the surface, when comparing a home-based business to working a typical nine-to-five job for someone else, it might seem like a dream come true. However, the reality is that running a home-based business and working for yourself isn’t easy. Here are some of the pros and cons of running a home-based business.Pros* You get to be your own boss.* You don’t have to commute to work.* You don’t always have to dress up for work.* You can pick and choose your clients in some kinds of work.* You can set your own work schedule, including your hours and what days you want to take off.* You can be home with your children.* You can take a lighter workload when you want to schedule a vacation, in many lines of work you can do from home.* You can set up your own office space how you’re most comfortable.* You can take care of home responsibilities during “down times” instead of feeling like your time is being wasted.* You can take breaks when you want during the day to pick kids up from school, go to the gym, or just enjoy nice weather.* You can choose to work in a field that you’ll continue to love on a daily basis.Cons* There isn’t anyone to guide you or answer your questions.* There isn’t likely anyone to help share the workload.* You have to wear many hats including secretary, office cleaning, accounting, management, marketing, and that’s not even to mention doing your actual client work or product manufacturing.* There’s no one to fill in for you, so you might be forced to take a vacation only during your industry’s slow season, or even not at all.* Even without a boss, you still have to answer to your clients, whose requirements and requests might even be more stringent.* Because your clients can always find your address, you need to keep your home clean and presentable in case one decides to stop by, not realizing your office is at home.* Because of the same reason of clients potentially stopping by, you can’t always dress too casually.* Your children and pets can become distractions to your work, and your work can end up causing family tension.* If you don’t have space for a full home office, your work life might intrude on your family’s space, also causing strain with family members.* Because you have to spend so much time doing marketing and administrative work, most small business owners in service fields can only bill 22-23 hours of their time each week.* Having constant access to your refrigerator and television can lead to extra breaks and distractions.* In many lines of work, you need to be available to your clients during normal business hours, so you can’t always set your own schedule after all.* Dealing with the more monotonous tasks of running a home-based business can take away some of the excitement you initially felt for your work.Even though there are a lot of negative aspects of working from home, it’s certainly not impossible. Many people all over the world run successful home-based businesses. The key is to simply understand that these obstacles exist, and to form an action plan to work around these issues before you make the leap into running a home-based business.Copyright 2006 Stephen Ashton
There are excellent reasons to start a business — and, of course, there are other excellent reasons not to. This is why it’s important to weigh the pros and cons for yourself, as your situation is unique, and advice that worked for one entrepreneur’s business may not be applicable to your own.Let’s look at the general pros and cons of starting a business.Starting a Small Business: ProsBeing your own boss has quite a few perks, as we will learn below.
Job Security: When you’re the boss, you’re never in danger of being fired.
Decision-making Power: If you decide to make any changes in your small business, there’s no one above you to tell you you can’t, and little to no red tape when it comes to implementing those changes.
Retirement Value: Building a successful business and then selling it at the end of your career can give you a boost in your retirement funds (in addition to the 401k many business structures allow you to open).
Self Fulfillment: Working for yourself gives you a sense of pride in your work, allowing you to feel personally and professionally fulfilled. You are the master of your own destiny!
Community: Owning your own business and putting down roots gives you a connection to your local community in a way that being an employee does not.
One important thing to keep in mind is that the fulfillment, security, and stability your role as a small business owner can bring you comes to fruition only with hard work, dedication, and perseverance.Starting a Small Business: ConsHowever, starting a business is no walk in the park. There are cons to starting your own business as well, which we’ll discuss below.
Financial Risk: Starting a small business involves some amount of startup capital, which will require you to find investors, take out a loan, or dip into your own account — neither of which is without its risks.
Workload: It’s been said that the decision to become an entrepreneur is not simply a career, it’s a lifestyle. This couldn’t be more true; if you believe that you’re going to confine your role as a small business owner to 40 hours a week, you’re in for a surprise.
Slow Initial Business: Statistics show that most new businesses do not begin to recover their investment for something like 2 years after they began. Are you prepared to go without an income during these uncertain times?
Decision-making Responsibility: Great for letting you make your own decisions on products or pricing; not so great when it comes to reprimanding or firing a friend or turning down a family member.
It’s clear that the decision to start a business or not to start a business is one that must be made carefully and thoughtfully, with family and future in mind, in order to determine if it’s a decision you’re prepared to follow through with and help through the rough patches.With hard work and determination, your business dreams can become a reality!
Thousands are new Internet businesses are born every day as people escape from the drudgery of commuting and a 9 to 5 salaried existence to make their fortune working for themselves.Starting your own business can be very exciting and there are certainly many advantages to being your own boss. However, before you leap in with both feet, here are just 3 things to think about.1. You are your own boss. The fact that you can be your own boss is generally put at the top of the list of advantages when it comes to running your own business, but it can also be one of its pitfalls. There is no longer anyone there to tell you when to start work and when you can go home. There is no longer anyone there to turn to when you come up against a problem and are not sure what to do next. There is no longer anyone there to… Being your own boss certainly has its advantages but it can also be a lonely position to find yourself in and you will need a great deal of ‘get up and go’ as well as self-discipline if you are to be successful in managing yourself and your time effectively.2. Your business in based in your own home. Most of us get used to separating our work from our home life and this is not difficult when your work is based away from home. However, when your office is suddenly in a spare bedroom or a corner of the lounge it can be hard to distinguish between being ‘at work’ or ‘at home’. Suddenly you are faced with unwanted distractions such as your spouse asking for your help, your children running through the house playing or the dog nudging you for his afternoon walk. As if this is not enough there is also the temptation to take a break to watch the golf on the television or to take half an hours to plant up that flower bed which you have been meaning to get around to for the last month.3. You may not like your business or not be able to get it to work. Although the idea of running your own Internet business may be very attractive and your business model may look great on paper, once you actually start to build your business you might just find that it is not as much fun as you thought it would be or that you actually enjoy it but just can’t seem to get it to make any money. There are many examples of successful Internet businesses and tens of thousands of people who are making an excellent full-time living from their endeavors. However, there are far more examples of people who have tried and fallen by the wayside, often not simply failing to make money but losing a small fortune in their efforts to get their business off the ground.The secret of course is to weight the advantages and pitfalls carefully before you start and then to start slowly without burning your bridges before you are happy that running your own online business is what you want to do and is going to be successful.