Small Business Ideas – The Good and the Bad

It is not enough to come up with small business ideas. You have to come up with ones that are viable. In other words, you need to bring something to the small business community that is workable. In order to understand this, let’s look at two classic examples of business ideas. One was good and one was really off the tracks.

Does anyone remember the Edsel car? This car was hardly a winner. In fact, it was considered one of the biggest “lemons” in car manufacturing history. Even in the planning stages, advisors kept noting that this was not a car that was going to do big business. There were even serious concerns that it would do any business at all. Mainly, the design of the car was loaded with flaws. It was also a large, gas-guzzling car debuting during a weak economy. Even the name given to the car “Edsel” was a loser. Yet, they trudged on in the marketplace and sales of the Edsel were a disaster. It simply was not a viable product. Ultimately, it was a $400,000,000 failure.

Now, consider the example of Federal Express which was one of the greatest small business ideas in history. Without a doubt, not only was the concept of Federal Express viable, there was huge demand in the market for such a concept. The United States Post Office did not offer overnight delivery. The concept was considered to absurd and unfeasible. Then, along can Federal Express in 1972. The company not only delivered on its promises of delivering when it “Absolutely, positively has to be there overnight” it did so effectively and inexpensively. Again, this was one of the greatest ideas of all time. Granted, it did not stay a small business for long. FedEx quickly grew into a multi-billion dollar company!

What is most striking to note here when comparing these two tales is their stark financial differences. Edsel could not succeed in the marketplace despite being backed by the weight of the multi-billion dollar Ford Motor Company. As previously mentioned, Federal Express derived from the world of small business ideas. It was launched by a small businessman named Fred Smith. Smith did not run Federal Express or any of his business out of a huge corporate office in 1972. Some may find this surprising, but like other small business ideas Smith originally devised FedEx from his home.

So, how could Smith succeed with such limited resources while Ford failed so miserably? How could Smith’s ideas trump the government’s ability to deliver mail? Like other good small business ideas, Smith produced a business model that was viable and need based. In other words, his ideas made sense. Additionally, there was an actual demand in the market for the product he was offering. With these two components working in his favor, it should come as no surprise that Smith’s small business ideas were a massive success.

The lesson to learn here is that all small business ideas must be viable for them to work. If not, they will not survive in a competitive marketplace. If, however, the ideas are feasible then the odds of success will increase.

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Are There Any New Small Business Ideas? No And Yes

Not much changes these days in terms of new small businesses. ‘Sell a product, make money, or you don’t have much of a business. What I’m about to reveal to you is an entirely new small business model.

Allow me to explain.

The new opportunities are online. That’s the wild-west, the new frontier. Leveraging the Internet is what the wealthiest of entrepreneurs are doing today.

Just about anyone will tell you, “Sure I’d love to own my own small business and be my own boss.” The benefits of being a small business owner are many: flexibility, no boss, financial independence, and more time with friends and family. These are all good reasons to jump into an entrepreneurial venture, right?

But, why don’t more people do it?

First. Let’s define small business. It could be anything: brick and mortar, Internet, franchise, work from home, MLM, Network Marketing, typically any type of company with less than fifty employees. The options are many. This specific new small business idea is for work at home entrepreneurs.

What’s so amazing is how many people turn to small business ownership with absolutely no sales experience, no confidence on the phone, no ability to recruit others, and no real understanding of leadership and management. This is where true opportunity lies. This is where the new small business ideas emerge: making it easy for people to get started and quickly become successful.

Most home business opportunities teach their “new owners” to use the 3-foot rule: “sell” to anyone within three feet of yourself. With this approach, home based business consultants often end up alienating their friends, family, neighbors, former business associates, peers – well, you get the idea – anyone within three feet of them.

A better approach is to conduct business more like a “store” and set up a location where people can find you and come to you when they are seeking your products. The Internet provides the perfect system for selling products and services.

Customers conduct an online search and are presented with a myriad of choices via paid ads, articles, videos, blogs… all kinds of information directly related to their search. It’s like walking down the aisle of a store, online.

An Internet company will give average people the marketing power of an Internet powerhouse.

Look for systems that provide templates, training, and mentors so that anyone, even average Joe, can go toe-to-toe with veteran networkers and put himself or herself in a position to earn a six-figure income without any background knowledge or prior marketing experience. This would be “new”, right?

Basically, an internet platform allows small business owners to carbon copy the personal marketing experience and success of a community of other proven marketers – ad copy, auto responders, websites, even AdWords campaigns, leveraging their success. It attracts more and more industry leaders and top income earners because it’s very duplicable. Now, this is a new idea in small business!

Normally, a new marketer goes out, learns the techniques of marketing, of sales, identifies an opportunity and gives it their best shot. They could spend years of trial and error in this industry. This system allows complete duplication, point newbies towards the system, and with a just a little hand-holding catapult them to success.

Some businesses make money but leave no time to enjoy it. Internet small business marketing systems have tremendous value in their ability to teach and also leverage the most powerful distribution system in the world: the world wide web.

It eliminates all of the obstacles of small businesses, home businesses, and network marketing and dramatically reduces the learning curves, eliminates the guesswork, and increases the results for anyone using it. Some follow up with a call center in place to follow up on the applications submitted. The call center handles all the marketing, recruiting, phone interactions, and communication aspects of the business, home-based rookies and veterans alike are achieving unprecedented success at unmatched levels.

Because you’re marketing a system not your own story, it eliminates the biggest obstacle of all: having your own success story to tell. Now, that’s a great new small business idea, don’t you agree? The emphasis is on the success of the community that uses it. Some marketers never even talk to their customers. They just introduce them to the system via search results and the new customer goes on to train, create and produce their own results, 100% online.

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Small Business Ideas – A Whole Lot to Choose From

Small business ideas are a necessity for people who want to supplement their regular incomes with some extra cash to ascertain financial freedom in the future. Anyone, who wants to start a small business with an intention of themselves or their spouse running it are welcome to browse through a lot of ideas available across the internet.

Not only do these small business ideas reinforce the idea that extra money can be made but can be started off with the minimum or no leg work at all. If the chosen idea is an online one, you would probably need no investment at all. Browse through the many ideas available online and make your decision today.

The following are a few ideas:

a. Online data entry: Data entry requires minimal skills and as far as a person can read and write and has a flair for the keyboard, this could be the best of the small business ideas. As a data entry specialist you could be entering corporate data or putting in products into an eCommerce website. This work is highly in demand and well paying too.

b. Forms and surveys: A little more daunting than the data entry, this requires certain knowledge. Filling up forms and surveys pays very well and all one needs to do is to fill up market survey forms and surveys that will be used by companies to formulate their selling strategies.

c. Writing: If one is good at language and can handle English well, this could be one of the most well paid business ideas. Writing research papers, articles and web content is highly in demand today and pays well.

d. Programming: This is the most well-paid of the small business ideas and it requires a lot of technical knowledge. Programmers are a rare creed and skills vary from one person to another. Depending on skills, finding work online is not a very big deal for any programmer. Since this is a highly specialized skill, it is also paid for handsomely.

e. Internet Marketing: This is another of the small business ideas that works wonders for many small businesses across the world. Any website that looks to make money needs to market itself and thus needs customized attention. This is one of the small business ideas that need highly specialized skills and a little workforce to succeed. The returns are handsome and the work is very satisfying.

With more and more websites coming up every day and technology changing leaves almost every few weeks, small business ideas related to the internet are evolving very quickly. The faster you put your foot into the door, the greater the chances of success.

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Building Your Business With Small Business Ideas

With the right small business ideas, you can turn a simple idea into real profits. An at-home business is the dream of many people, but you need a strong beginning if you want to see your business succeed. Luckily, you can use the experiences and tips of others to help you along the way.

What to Avoid

Using small business ideas to learn more about starting your own home-based, local, or online shop can be challenging. There are many offers that simply won’t work, despite the many testimonials that you can earn money. For example, pyramid schemes were once considered legitimate but quickly turned out to be a fraud. All of the ways that really can help you earn money will include some effort on your part. Owning and running any profitable business takes time and effort, so don’t try to take the easy way out or you may end up with nothing to show for your investment.

Research the many small business ideas that you come across and want to use for your own home-based, local or online business. Try to imagine implementing the ideas that you read about before investing your time, which is valuable, or money into them. Some ideas, such as building a website for your business, can easily help you make more money and don’t involve a lot of time. Others, such as expanding your local business, can take many years to develop.

Listen to Experts

Small business ideas from people with experience are the best way that you can earn more money with your small business. Going from a small business with a home base to a local or online business can definitely be challenging, so you need to use these ideas to assist you in building and expanding your business over time. Your business will change over time and your need for new ideas will grow. Changing your business to meet customer demand and growing with your community is one of the most rewarding aspects of owning a business.

Small business ideas can help you make these changes gracefully. You can use ideas to find out where your profits should be spent or saved, and how to meet customer demands successfully over time. No matter what your niche is or how many customers you have, you can use ideas from the experts to meet the ever-changing needs of your small business. Your local chamber of Commerce is a great place to find these experts.

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Why It Is Important To Buy A Home Cover

Nature’s fury or riotous incidences don’t come knocking at your doorstep. Within couple of minutes it can turn down your dream like a pack of cards. It will not only affect your emotions but also impact your finances. At times, a mere earthquake or tsunami leaves millions of people across the world penniless and with no homes. Therefore, the best way to protect your home and its valuable belongings from getting damaged is to own a suitable Home insurance policy.

A home insurance is a form of property insurance designed to cover an individual’s home from damages to the house itself, or to possession in the home. It will also cover your liability or legal responsibility for any injuries and property damage, you or members of your family cause to other people.

Despite of knowing the benefits and best of the coverage to secure their house from any uncertainty and unexpected problems still majority of home owners try to avoid buying home insurance in India because of its expensive costs. Especially in economic slowdowns people start to contemplate whether or not carrying an insurance policy on their home is really necessary. They begin to think that the money being spent on the policy could be better spent elsewhere. This can be a dangerous way to think.

Home insurance, which covers the house and its contents from fire, theft, burglary and other security concerns, is still a segment that has not seen enough takers

Home insurers also provide cover for household appliances including television, washing machine, refrigerator and jewelry or valuables that are kept in the house. In some cases, even pets in the house, at the time of an accident or robbery and are injured in the incident gets a cover. Terrorism and catastrophic incidents are also covered under some products.
Home insurance is something that everybody that owns a home must deal with. If you are considering switching insurance companies, the process can be a little confusing. While looking for insurance cover the first thing that you need to do is find the company that you are going to switch over to. You will want to shop around and make sure that you are getting the best rate available.

You can do this in a number of different ways. Check out some independent review sites and see who is rated as the best company for insurance. Get a few rate quotes online and then visit an agent. They will be able to tell you what everything costs and give you an idea if you are better off than you were. Choose the best company that fits your needs and is within your budget. Once you decide on a company, you will have to do the necessary paperwork to get a Home insurance. You can usually do this in a few minutes while you’re sitting in the office of the agent that you chose to work with. They will have a few forms to fill out and you will be ready to go. They will ask you some basic questions about the property including the value of the property and if you have any special items to be insured. You will have to decide on the coverage limits and the features that you want.

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Different Premium Payment Modes Available In Life Insurance

Affordable premiums are definitely one of the most important features of an insurance plan, however it should also have a balanced share of benefits to offer as well. Here in this article we discuss the basic types of premiums and some of the common modes of payments available with the life insurance plans in market.

Types of life insurance premiums:

There are basically two types of premium payments namely single premium and regular premiums. At the time of opting for the plan, every policyholder would be explained in brief by the insurance agent or company about these two terms in particular. These two types of premiums are determined by the quantum of payment and the frequency decided by the person insured. Single premiums require a lump sum payment to be made by the insured at the time of entry while in regular premiums, he/she will be required to makes payments on a monthly, quarterly, half-yearly, or yearly basis. Both single premium and regular premium plans have their own benefits, yet the former proves to be more efficient when considering the total cost involved. The below example illustrates the basic difference between the two types of premiums.

A 32 year old woman pays a yearly premium of Rs.13,000 for 10 years on her life insurance policy, that offers survival benefits of Rs.2,00,000 on maturity. Going by this mode of payment, she will pay a total amount of Rs.1,30,000 by the end of the term period. However, the same plan comes with an option for single premium whereby a person is required to pay a lump sum amount of Rs.90,000 at the time of enrollment. In the second instance, the person insured can save up to Rs.40,000 on premiums. Taking into account the time value of money and rate of inflation, lump sum payments can often supersede the benefits of regular premiums. But again, making payments in one go may not be feasible for many customers and it is finally on their part to choose the type of payment after evaluating budgetary requirements. Therefore, make sure that you opt for the single premium mode only if you can afford the same without straining your finances.

Premium paying frequency:

Under regular premium mode, policyholders are required to pay premiums throughout the term period, while for some policies, the premium term is less than the policy term. For example, if your purchase a policy that offers life insurance coverage for 10 years, you can either choose to pay the premium for the entire length of the plan or choose a reduced payment term of 7 or 8 years. As a general rule of thumb, the number of installments is directly proportional to the sum insured, ie.,higher the sum insured more the number of installments. Once you have chosen the regular payment option, you then need to decide the frequency of premium payments which is either monthly, quarterly, semi-annually, or annually. Your premium payment term is also linked to the surrender value of the policy. Generally, a life insurance plan acquires surrender value after completion of 2 premium years. So in case you surrender your policy after the first year, you will not be eligible for the same.

Different method of paying your insurance premiums:

Gone are the days when one had to wait in long queues at the branch counters to deposit life insurance premiums. Going in line with the digital advancements of today, even insurance companies have launched apps and web platforms to offer a comprehensive range of services online. Given below are some of the most common methods of insurance premium payments:

Insurance agents – An insurance agent visiting your home to collect premiums was a common scene in early days, when private companies had only started to secure a foothold in the Indian insurance industry. Even with the changed times and latest digital enhancements, you can always get in touch with a collection agent of your insurer to come and collect your payments.

Mobile wallets – Post demonetization, the importance of mobile payments have increased so rapidly that a number of e-wallet companies have entered the market within a short span. The e-wallets offer a lot of facilities ranging from booking a ticket to paying off your monthly bills. Some of the mobile wallets have linked up with the insurance companies to facilitate fast and convenient premium payments for policyholders.

Online payments – As already mentioned, you can simply login to the insurer’s website and pay your premiums through internet banking, credit cards, or debit cards

Standing instruction on credit card – You can give a standing instruction to your insurance company to deduct the premium amount on your behalf. You just have to submit an application for the same along with the details of your credit card.

Electronic Clearing System – It’s an automated system of payment where the premium amount gets deducted from the bank account of the customer on due date. You can register for this service by filling out the ECS mandate form and submitting it along with other relevant details to the concerned branch of your insurance company.

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Determine The Type Of Vegetarian You Are

When it comes to vegetarianism, the fact that one size doesn’t fit all cannot be denied. Several food and health experts are of the opinion that today more and more individuals are adopting some kind of vegetarian diet, however, what they opt to eat and not eat relies on what type of vegetarian they want to be. Many believe that the number of people eating vegetarian diet is growing, as there are large numbers of options available in restaurant menus and in pre-packaged foods at the grocery store.

Being Vegetarian What does it actually mean?

Generally Speaking, the diet of a vegetarian comprises of vegetables, fruits, peas and dried beans, grains, nuts and seeds and no meat and fish. However, even within the vegetarian category, there are several subgroups, which include the following:

Lacto vegetarians consuming plant foods plus dairy products
Lacto-ovo vegetarians consuming both dairy products and eggs
Vegans avoiding all animal products no eggs, no dairy and consume only grains, vegetables and fruits

Semi-Vegetarians

The next category is those who call themselves semi vegetarians. Several of the top 10 dietitians and experts in the country believe that semi-vegetarian doesn’t have one standard definition. A semi vegetarian could be an individual who typically eats vegetarian diet, however, occasionally eats meat, for example, or it could be someone who doesn’t eat red meat but eats other type of meat.

Diet Including Raw Foods

There are some individuals who also eat and enjoy a raw food diet. In a raw food diet, an individual is enticed to eat uncooked stuff that’s truly raw products, uncooked, non-homogenized, etc. Again, there isn’t a single definition as it bundles a bunch of things. For instance, some individuals would eat all of raw foods or others consider eating raw foods even if they actually eat a two third portion of it. A raw food diet could include vegetable only or might even include meat, fish and eggs as well.

Why do People Opt for a Vegetarian Diet?

There are different reasons people prefer a vegetarian diet, but most prefer the diet for health reasons. A recent study has revealed that vegetarians have a lower body mass index (BMI) and lower cholesterol and are less likely to be affected from heart disease. They could also be at lower risk for other drastic diseases and can have effective weight loss as well. Others turn towards a vegetarian diet for religious beliefs, due to environmental or animal welfare concerns, just for economic reasons or because they just don’t like the taste as well as texture of meat.

Does a Vegetarian Diet really offer Health Benefits?

Individuals who consume only a vegetarian diet might not be providing their body vital nutrients it really requires to function optimally. The specific concern remains for vitamin B-12, which comes naturally only from animal sources, vitamin D, iron, zinc and calcium. So, if you are considering switching to a complete vegetarian diet, it’s recommended to talk to an expert nutritionist/dietician to ensure you get the nutrients you require to stay healthy.

Being a vegetarian is not bad at all provided you know what type of a vegetarian you want to be and you are having all nutrients in a proportionate manner.

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Ayurvedic Weight Loss Supplements To Reduce Excess Body Fat

Being overweight is like a curse as it raises several health problems. It is generally seen that some people eat a lot but do not gain weight while some gain weight even on eating less. Losing weight is a difficult task especially for those who suffer from mental problems as they find eating foods as the only way to satisfy themselves. There are some common reasons behind the increasing weight in body:

1. Weight gain depends on the metabolic rate of body. Slow metabolism in body is the main cause of not burning calories and increasing body weight.
2. Immunity becomes weak due to lack of iron, magnesium and vitamin D in regular diet and this alters metabolism of body.
3. People having stress, tension and depression mostly eat junk foods, take beverages and drink alcohol more just to distract themselves and thus weight increases in such people.
4. Increasing age slows down digestion and reduces metabolic rate. This results in weight gain.
5. Less production of testosterone in men and estrogen in women leads to increase in weight.
6. People having problem of thyroid disorder also gain weight in an unusual manner.

Some changes in lifestyle can help to lose excess weight at home:

1. The most important step for weight loss is to cut back on sugar and starch. This reduces insulin and also reduces hunger for calories.
2. Eating meals rich in protein source, fat source and low-carb vegetables also help to lose few calories. These kinds of foods reduce desire for snacking.
3. Lifting weights 3 times a week can burn a few calories which further prevents metabolism from slowing down.
4. Taking proper sleep is an important part of losing weight fast.
5. Eating foods slowly makes one feel full after eating even small meals and thus one does not overeat.

One can also use InstaSlim capsules to reduce excess body fat naturally. These are the best ayurvedic weight loss supplements as these supplements are made purely from herbs. These supplements help to combat every factor in body that results in increase in weight.

InstaSlim capsules provide the following benefits to overweight people:

1. These supplements suppress appetite and thus reduce cravings for sugary and junk foods.
2. Unique formula of these capsules promotes metabolic rate in body to increase utilization of body fat.
3. These ayurvedic weight loss supplements improve blood circulation to increase usage of fat stored in body for producing energy.
4. Promote fat metabolism to keep production of energy regular in body.
5. These supplements regularize bowel movements which in turn keep toxins out of body.
6. Nullify ill effects of thyroid disorders on metabolic rate.

InstaSlim capsules are loaded with Vaivading, Babool, Arjun, Pashanbhed, Chitrak, Jawasa, Bahera, Kali Mirch, Haritaki, Dikamari, Samudra Shosh, Chavya and Sounth. These herbs have the property to convert fat cells into energy. These herbs can effectively enhance functions of body organs that help in digestion and absorption of nutrients from foods. These herbs also keep bowel movements regular for healthy weight loss. To get long lasting and effective results, use these ayurvedic weight loss supplements on a regular basis. Taking InstaSlim capsules for 3 to 4 months can reduce excess body fat and give optimum health benefits.

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Small Business Ideas For Starting a Successful Business

What Keeps YOU Awake At Night?

Is it happening to you… a million small business ideas swimming around in your head.

Then when you think you are on to a really good one, it all starts again. Is my idea viable… can I get it to work… how will I get it to work?

When you are finally confident that your idea is a goer, start reading everything that you can get your hands on about small businesses. Join local business groups and talk to other small business owners and do not let them go until you find out what you want to know. Find out how THEY did it. Try & squeeze as much information from them as you possibly can. Being members of business group & like-minded they will be more than happy to help you.

IDEA #1: Know Thy Strengths & Thy Enemy.

Conducting a SWOT analysis is an excellent small business idea.

Great… so what is it?

It is a technique for discovering:

o Your own strong points & weak points

o The opportunities that are available to you

o The strength of your competition

You will discover the areas of your business that require improving, equipment or infrastructure that you may need for specific opportunities and the best way to compete against your competitors.

IDEA #2: Who Are My Customers?

Including a target marketing strategy in your small business marketing mix is a great idea, particularly if you will be doing business to business marketing. Once you discover who your customers are, it is then a simple matter to adjust you marketing to suit.

Bingo…

Business is so much easier if you know where your customers are and what their concerns are. Other beneficial small business ideas include a budget which will help you to stay on track & not over spend on your marketing efforts. This can be a very simple document such as an XL spreadsheet, where you can record & compare actual costs and successes with your estimated figures.

IDEA #3: Be It Ever So Humble, There is No Place Like Home.

I now work from home, it is terrific. I was renting a 290 square foot office for years. I would drive to the office every morning, sit there all day on my own & drive home… madness. It took me a while to catch on until one day… a blinding flash of the obvious. “Hang on… I don’t have to do this”

So I cleared out the spare bedroom at my home & moved the office in. Customers do not care, I tell them it is a cost saving exercise so that I can keep my prices low plus, I can access my network 24/7 so my response time is quicker. What a fabulous idea Peter they said.

IDEA #4: What Type of Business Venture?

What small business idea takes your fancy? Whatever it is, I suggest you consider writing a business plan so you can figure out where you are going & the best way to get there. Depending on your type of business you may need some small business software. Many businesses can be started in a spare bedroom, a spare corner or even the kitchen table with very little money and… you can use the family PC.

IDEA #5: The Web is a Must To Consider.

It is just way too big not to. This possibly has the most potential of all small business ideas in terms of near zero entry cost, almost no infrastructure and the amount of money that can generated. Never before has there been a marketing option with virtually unlimited potential, which can be established & run from the kitchen table.

“We need to think about that for a moment”

You can have a web site up & running literally within hours. And… you can do it sitting at the kitchen table while you are shelling the peas for dinner tonight. You can sell your own goods & services or receive a commission for selling the products & services of other people. You can set up a Google AdWords account and, believe it or not, be on the front page within one hour.

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Small Business Ideas – The Good and the Bad

It is not enough to come up with small business ideas. You have to come up with ones that are viable. In other words, you need to bring something to the small business community that is workable. In order to understand this, let’s look at two classic examples of business ideas. One was good and one was really off the tracks.

Does anyone remember the Edsel car? This car was hardly a winner. In fact, it was considered one of the biggest “lemons” in car manufacturing history. Even in the planning stages, advisors kept noting that this was not a car that was going to do big business. There were even serious concerns that it would do any business at all. Mainly, the design of the car was loaded with flaws. It was also a large, gas-guzzling car debuting during a weak economy. Even the name given to the car “Edsel” was a loser. Yet, they trudged on in the marketplace and sales of the Edsel were a disaster. It simply was not a viable product. Ultimately, it was a $400,000,000 failure.

Now, consider the example of Federal Express which was one of the greatest small business ideas in history. Without a doubt, not only was the concept of Federal Express viable, there was huge demand in the market for such a concept. The United States Post Office did not offer overnight delivery. The concept was considered to absurd and unfeasible. Then, along can Federal Express in 1972. The company not only delivered on its promises of delivering when it “Absolutely, positively has to be there overnight” it did so effectively and inexpensively. Again, this was one of the greatest ideas of all time. Granted, it did not stay a small business for long. FedEx quickly grew into a multi-billion dollar company!

What is most striking to note here when comparing these two tales is their stark financial differences. Edsel could not succeed in the marketplace despite being backed by the weight of the multi-billion dollar Ford Motor Company. As previously mentioned, Federal Express derived from the world of small business ideas. It was launched by a small businessman named Fred Smith. Smith did not run Federal Express or any of his business out of a huge corporate office in 1972. Some may find this surprising, but like other small business ideas Smith originally devised FedEx from his home.

So, how could Smith succeed with such limited resources while Ford failed so miserably? How could Smith’s ideas trump the government’s ability to deliver mail? Like other good small business ideas, Smith produced a business model that was viable and need based. In other words, his ideas made sense. Additionally, there was an actual demand in the market for the product he was offering. With these two components working in his favor, it should come as no surprise that Smith’s small business ideas were a massive success.

The lesson to learn here is that all small business ideas must be viable for them to work. If not, they will not survive in a competitive marketplace. If, however, the ideas are feasible then the odds of success will increase.

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