Lemonade Stands But Not Necessarily Lemonade

Making money takes many forms but in the main it is a simple concept of simply giving goods or service for a fee that bring you some profit out of it. This is how the money world goes round since time began and not much has changed throughout that time.

Usually the simplest business is the most effective and this is where this particular idea may well appeal to many, especially now the summer season is more or less in progress. Lemonade stands may sound rather American and old fashion, but over the decades it never fails to be a success. There are three reasons behind this.

1. In hot weather people want a cold refreshing drink
2. The outlay and stock of the business is cheap and with no real financial risk, (lemonade has a long shelf life)
3. You will always make a profit if you undercut retail/shop prices of goods

There are two important points to make the most of the potential profits, location and weather. You may think that summer is the only time this business can make money, but you'd be wrong. Hot beverages can be just as popular in the winter as cold drink in the summer.

The most convenience place to set up this type of business is at a local community fair, or sale if you can get permission or even as a mobile service is a tray can be made like those old fashioned popcorn and nut sellers in the cinema.

Having a variety of drink is also going to widen you market, coca cola is always going to be a popular choice for many but you may want to also have pepsi as well. Make sure the prices are slightly lower than the local shops sell them for and give a straw with each drink as a bonus.

With regular runs you will get to know your market and they will get to know you, don't forget to enjoy their drink, tell their friends and call again. Service with a smile makes a big difference as well.

Horse Racing Betting - Good Business?

Horse racing is said to be the sport of Kings and attracts the hierarchy of society at big meets, but it is also a sport for the pleb who might want to make a few bucks from betting. Although not my scene at all there are those in the know who make a good living from horse race betting.

The secret is all about information and form which takes time and effort. you can of course just get lucky but that is not a good business ethic. Experience and calculating betting is the only way to make a success of this form of money making enterprise in the long term.

I never gamble on horse racing betting for the simple reason that I don't know anything about horses. I know a bit about donkeys as I used to own one, but pure breed racehorses is not an area I am familiar with. Goodness knows how much money I would have lost if gambling on a sport I know nothing about - there are of course millions of others who also know nothing but still put on a horse racing bet often!

The Dosh for U advice here for horse race betting is simply not to bother betting at all unless you read up, study and know the true odds. It is only the select few who do this who make a decent living out of it.

How To Avoid Your Business Going Bust

Businesses going bust is a common occurrence but in most cases this can be avoided simply by taking sensible and objective actions to prevent it. Unfortunately these are not taken until it is to late for a recovery plan. Therefore if you find yourself beginning to follow the route of your business going bust then now is the time to take note and make sure a u-turn is made.

I have given areas that should be addressed which should form an action plane to steer you on the route to success again. You will wonder why this wasn't done before if implemented and put into place

• Not having a business plan seems like a fundamental error in any business, do you have one? If not it is no wonder you are heading along the road to failure. Get on up and running straight away. Who knows, your business may not be a goer if you make one. You may as well quite now before building up too many debts. On the other hand, you will see the way forward to profit if a viable plan is made.

• Technology is essential in any business. Ff you are not up there keeping pace with it your competitor are and you are again on the road to failure by not. This is the 21st Century the age of new technology, if you don't use it you will end up like the dinosaurs.

• A one man business is never going to work. If you are a go it alone to develop your business and to grow means that yo will certainly have to consider staff. Who will deal with the work, advertising, canvassing, paperwork, promotion, cover for well earned holidays you will need, advertising and of course look after you and consult for a second opinion on business decisions. If you got it alone you are doomed to fail.

• Do you underestimating the skills and requirements to starting and running a business. Self analysis should have been made before any business is started up. Do yo have what it takes? Passion, hard work, drive, expertise in your field of business, experience and existing network of customers lined up, marketing and operational plans. And lastly but by all means not least that 'turning up for work come what may' factor?

• Successful entrepreneurs are often charismatic extrovert and tell a good story. You need an extrovert Sales Director or employee in order to complement you if you are an introvert. Keeping good employees is difficult and are head hunted. Always consider second best for loyalty, but never cut your head off employing inefficiency in your work staff.

• Promotion and marketing is expected as the most important part of any business. Know who and where your customers are and join up or create Trade Associations for your business genre. This is vitally important and overlooked by many businesses.

• Finally get off your backside and network your business. Success is guaranteed if this is done effectively Let me quote the well verse saying "It's not what you know, but who you know". This is, so true! Join up with networking organizations there are hundreds that will help your business get seen.

If you ignore all these points the chances are that your business will go bust before very long. Business is a science and science has hard and fast rules that need to be applied. Take heed.