Interview with Inventor Mentor Jack Lander Part II
An additional test that may be performed to assess your products marketability is to approach a buyer. However, this must be done in a very specific way.
If you express your idea to a buyer in very general terms, and make clear that no, youre not ready to sell and arent even completely sure you have a product, they will be much more likely to shed some perspective. Dont get too specific, for fear that they might take your idea to a pet supplier.
Getting feedback from a buyer is also an excellent way to secure credibility and validity with potential manufacturers. The more evidence you amass that people want to buy your product, the better chances you have of convincing others to license that product, or help you produce it on your own.
Which begets the question: to license or to manufacture?
Jack doesnt support one over the other, but believes the question is better answered in terms of skill set.
A spectrum exists between entrepreneurs and inventors. Entrepreneurs are essentially businessman and businesswoman. They may have two or three great ideas in their lifetime, or even only one. The inventor is more of a radical character, a dreamer. He or she is constantly coming up with new ideas before theyve finished working on one, another two have popped up. And somewhere in the middle is the entrepreneurial inventor, who has a better chance of getting his idea to market.
Its important to assess where you fall. If you need help, ask your friends and family to analyze your best qualities and strengths. An inventor is more likely to achieve success if he licenses an idea, rather than trying to undergo creating an entire business. At the very least, an inventor should pursue a partnership.
Jack and I agreed that we often hear people with ideas complain that they just dont have the money to begin undergoing inventing. Jack doesnt hold back.
Youve got to get serious. Start saving some money, now. Create a two-year, three-year, five-year plan, and recognize that you may have to make some changes in your spending. Ask yourself: is it worth it? And if the answer is yes, then you can make it work. If you skimp on making prototypes or other funding issues, your chances of succeeding are lowered.
Jack provides a great service to individuals with ideas. After a questionnaire is filled out, Jack forms a plan to commercialize the inventors product, including development, protection, marketing, and even finance. The client can approach Jack with questions regarding the plan and their product forever six months, two years, twenty. Use this resource!
Check out Jack Lander at http://inventor-mentor.com
No question there are more and more technology tools to help sellers and small business owners get ahead in fact, there are now some very sophisticated web-based programs with proven results. While you dont need to decide on a strategy yet, you should be doing some research on Sales 2.0 tools to help position your company in the upcoming years.
Sales 2.0 is a way to help continue to level the playing field between a small business and the big guys. Dont take my word for it, do your own research.
Author and sales researcher, Dave Stein writes about Sales 2.0 here it is worth reading, and could get you more interested in putting this task on your calendar. It wont be a single appointment but rather an ongoing standing meeting you might have each month to see and try out what tools are really working well in the business world.
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Opening a Bakery Cafe
Opening a Bakery Cafe 27 s1 expert advice15,286 views
If you have passion for baking and for providing people with your delicious delicacies, the right business for you is no other than a bakery cafe.
Facebook Tweet Google Share LinkedIn Pinterest Email
Having this kind of business entails just simple procedures but in order for you to attain success, you need to secure that you enjoy and know what you are doing. This article will discuss the steps on how you can have your own bakery cafe.No matter what kind of business you are planning to start, it requires hard work and dedication. Yes, starting up a bakery is just simple but there are lots of bakeries that fail each year because the owners lack preparation and careful planning. But by giving your best shot, you will just notice that your business is already in the road to success. So, what are the steps you need to do? Identify Your Mission and Goals for the Business Before you take a look at the other details in the business startup, you should first identify your mission and goals. Of course, the bakery should fit to your goals in life. You should also list the pros and cons in order for you to figure out how you can provide a possible solution to any problem that might arise. Start from Scratch or Purchase a Franchise Another thing that you should consider is whether you will start from scratch or buy a franchise. There are several factors that can influence your decision. If you dont want to spend more money in starting from scratch, your best choice is to buy a franchise. Some of the best choices for your franchise are Cinnabon, Krispy Kreme and Panera Bread. Study Your Market and the Competition Another great factor that you need to consider is the community where you plan to establish the bakery cafe. In choosing a location, you should carefully investigate if there is a high traffic of people, if it is free from any factory of unwanted establishments that are risky to human health and if there is a high level of competition. You have to consider all these things if you want your business to attract more customers. Write a Business Plan The business plan is a core component of your business success because it can also help you to get financial support from organizations and institutions. In writing your business plan, make sure that it is divided into four sections namely: bakery cafe description, marketing plan, management plan and financial management plan. To draft the plan well, you can use the Business Plan Pro software. Get Financial Support and the Necessary Licenses If you dont have enough money for the business startup, you can just loan from a reputable institution. Of course, you have to present your business plan and answer some of the questions of the lenders. After getting a loan, you should obtain the necessary insurance, licenses and permits. Then, begin hiring employees. When all is done, you should immediately proceed to looking for the right advertising strategies to use.
<< What are the Different Methods of Sales Forecasting
How Do Stakeholders Influence a Business >>
27 sfrisox said on November 22, 2011i’m wondering what home made business can you suggest that is profitable and less cost?Ansari said on March 30, 2012we have many bakeries so we can provide delicious food items. i want to take franchisee in mumbai. contact me on 9920995848Basavaraj.E said on May 5, 2012I want to start Bakery Cafe. My location Mahadevpura Bangaluru 560048 city Bangalore Karnataka.IndiaVenkat said on November 21, 2012I want to start Bakery Cafe in chennai, Can you please advise me that what i need to do that. NEHA CHAUDHARY said on December 18, 2012from india this is Neha, i want to know complete information about cup cakes business like the capital needed, equipments ,license if any need , how to start ?joyce said on February 8, 2013Hi Joyce Soweto i want to start my bakery business from home in my garage where to i start don’t have enough capitalK. Sriya said on February 14, 2013I am a Graduate, i am interested to start a Bakery at Coimbatore District, but i dont have sufficient money to start up Bakery so would you give ideas to get loan amount?pratheesh said on June 2, 2013i want to start bakery.i want your adviceAbdulAzees.U said on June 13, 2013I want a start a business. give some advice for a business at low investment melur, Madurai-625106, Tamilnadu.Nirmala said on July 9, 2013I want start a bakery at thanjavur district. i need some idea, how much cost to start up my bakery business. where to get loan.mojgan said on September 15, 2013I am interested in opening a bakery cafe in Sweden,Vaxjo. how would you help me? I need a lot of information in this regards, costs? permits, related organizations….navneet chawla said on September 21, 2013i am interested in opening a bakery cafe in sriganganagar,(rajasthan)neetu agrawal said on December 7, 2013i am starting a bakery at jaipur, how would you help megokul said on February 12, 2014i want to start bakery cafe in coimbatore tamilnadu..can you please tell me an ideas and contact person in coimbatore.ATS said on May 19, 2014Hello there, i was wondering if you could help advice me how to initiate and setup a bakery at Malaysia?Rajesh said on June 3, 2014aim wanting to set up a bakery franchisee can you help me with do’s & dont’sMuzammil Kadri said on July 14, 2015Hi, I would like to know more about bakery and pastry project execution. I am based in Raigad Dist of Maharashtra in a town called Mahad. Its ideal place in terms of growing market as well as purchasing powder. I am totally new in this field and need a complete consultancy to start up with the project.Thangadurai said on August 5, 2015Hi sir am start bakery in tirupur please help for ideasdhinesh kumar.s said on April 29, 2016i want to start bakery and coffee cafe in pondicherry…i need idea.preveen said on May 9, 2016Hi i want to start a cake shop.kindly advise the details of investment details.Jane said on June 21, 2016Hi I am interested in opening my own baking business. What and should I do. Should I go to a baking school? So that I can have a better idea of hot to bake.jagadesh said on June 22, 2016want to start bakery in coimbatore. i need someone from coimbatore to help me setup this.Vinodh kumar beginner adviser said on August 29, 2016Dear @jagadesh, my name is vinodh from coimbatore. Would appreciate if you can get in touch with me in my mail (vinodsathish[at]gmail.com). So we can discuss about the set up of bakery in coimbatore . Thank you.Bakery Business ExpertThiru said on January 4, 2017@Vinodh Kumar, Can you please help with the plan to start a Bakery+ in Coimbatore. My email id ksthiru1988@gmail.comArif said on January 21, 2017I want to start bakery in Jhansi (U.P.). i want your adviceEdwin said on January 25, 2017Hi I want to start bakery cafe so I need information for open a bakery business in Coimbatore, if someone can help me through my mail dedwinjacob@gmail…Bashisth Singh said on March 6, 2017HI I want to start Bakery Cafe so in need info for open Bakery Business in Lucknow UP. kindly advise the details of investment details. (All the above fields are required.)
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
Second Hand Store
Second Hand Store 0 13,808 views
Now that people are bent on saving to counter bad times, second hand shops are a hit. It’s a business that can be started with little capital.
Facebook Tweet Google Share LinkedIn Pinterest Email
That is, if you have a lot of entrepreneurial spirit to go with it. Learn the basics of starting this business from our basic guide.Due to the downturn in the economy, people are now trying their best to save on their purchases. This has made second hand stores the alternative shopping destinations for those who have thrift spending on their minds. For some people, cost is not the only reason why they go to flea markets, and garage sales. They are looking for unique styles at less the usual cost. If you are a bargain hunter yourself, or just someone wanting to start a business that cost less to put up, a second hand store is for you.
Starting a store could mean constructing your own storefront and buying items for resale, or it could mean getting a franchise. Yet, it could also mean selling items on consignment. Consignment selling seems to be the trend among second hand retailers nowadays. It has the advantage of being low cost to put up since you dont have to shell out cash to make purchases. It also saves you from being left with unsold items. In consigning, people bring you stuffs. When their things are sold, you get a percentage of the proceeds. You dont pay until the merchandise is sold. One question second hand retailers would have to face is whether to sell an assortment of items or specialize in goods like womens dresses and baby clothing. Generally, retailers specialize. It saves them from being put into uncertainty of whether or not theyll get a supply of various items from people. Specializing can create a strong image both for suppliers and shoppers. People who have specific items to sell will know that they can go to you to dispose of their still usable excesses. In the same way, people who are looking for specific items like vintage or branded clothes and bags will also know that they can go to you to find such things. Some of the items you can sell are clothes, bags, books, kitchen utensils, electronic items, furniture, antique, CDs and DVDs, computers, sporting goods, house ware, and toys. In starting a second hand store, youd need fixtures like display shelves and racks, shopping bags, a computer (with software to manage inventory), and cash register. Even though it is a second hand store, you need to be sophisticated in your display by coming up with attractive displays and good lighting (the one thing that helped upgrade the image of second hand retail stores). You will also need working capital for at least three months. For help in starting a resale shop, visit the National Association of Resale & Thrift Shops .
<< General Store Startup Guide
Starting a Corner Store >>
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
How to Start Architectural Support Services Business
How to Start Architectural Support Services Business 0 7,232 views
If you are wondering how to start an architectural support services business, you should be aware that this is BIG business. You should possess adequate knowledge about the industry so that you can meet up with the requirements.
Facebook Tweet Google Share LinkedIn Pinterest Email
As long as you have a business plan, you can never go wrong.Things to Consider while Starting an Architectural Support Business Starting a new business is no joke. A successful business usually starts with a carefully outlined business plan. With this very significant tool, you will be able to handle all the aspects of your new business from start to the actual launching date. So if you want to start an architectural support services business, you need to create your own business plan first. This will consist of thorough market studies, financial forecasts, capital investment considerations, and many others. When researching the market, you will be able to prove if this kind of business is viable in your chosen area. If not, you should pick another location.
You can use the Yellow Pages to locate the different architectural firms in your area or state. This is a great way to evaluate the existing competition. What if youre the very first one to offer such service? Well, this is great news but you must be able to meet up with the expectations of the customers. The business plan can help you and if you dont have enough capital, you can even use for seeking funds from potential lenders. The architectural support services business is a large one and so you will definitely need huge capital for start up. Another Option This can be challenging but if you know what to do and youre knowledgeable enough, you can succeed. You can start with the location and your place of business should be easily accessible to your customers. It would be located in the city or town center. Are you planning to lease the building or own it? Owning and leasing both has advantages as well as downsides so try to consider your capital investment. You will also need some equipments and staffs. Hire new staffs and purchase the needed equipments. Design your office appropriately and make it attractive to potential clients. Once youve launched your business, make sure that have a steady flow of cash because this is the most common reason why a lot of business fail. Keep in mind that you will be paying the salaries of your employees, the monthly utility bills, and many others expenses. If this is too much for you, why dont you find a company that offers a franchise for architectural support services? This can be a great option especially if one is available in your place. Regardless of your choice, you will need to manage the business efficiently. Learn the basics of effective business management.
<< Open an Appliance Painting and Refinishing Business
Start Your Own Boat Painting Business >>
(All the above fields are required.)
How to Start Architectural Support Services Business
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
We are a local marketing and sales agency that help small/medium sized businesses and Start up. Established for over 10 years, our clients vary in size and cover a wide variety of business sectors. we see ourselves as active members of the local community helping local businesses by providing a variety of field marketing, btl marketing , door to door marketing, brand promotion, social media marketing, telemarketing, web and printed based marketing materials.
SHOP NO 10, Shoppers Point, SV Rd, NEXT TO HOTEL, MOTI MAHAL, Andheri West, Mumbai, Maharashtra 400047
How to Start a Leather Store
How to Start a Leather Store 1 12,160 views
Knowledge and love for leather do not ordinarily come to average people. If you are one who possesses a rare taste and knowledge about leather, you are in the best position to start a leather store.
Facebook Tweet Google Share LinkedIn Pinterest Email
Find out from our basic guide some leather businesses you can start depending on your interest and background.If you are a connoisseur of leather fashion or have extensive knowledge about leather, its properties, production and manufacture, then you possess something that is an asset for a business in leather or leather goods. Knowledge and love for this luxury item do not ordinarily come to average people. You can have it if you are born into the leather business, have held a job that involves the handling of leather, or you have kept a love for anything leather for a long, long time. If you are any of these, you are most likely to enjoy owning a leather store. Depending on your experience and interest, you can start a store: Selling branded leather items such as bags, clothing, and shoes. To pursue this business, you must have a keen sense for fashion. You can either sell an assortment of leather goods or specialize in one product. This is a high-end retail business and so the location, design, and layout of your store will factor greatly in its success or failure. Aside from knowing how to choose quality items to sell, you must also have great connections with leather goods manufacturer.
Distributing leather to manufacturers of shoes, bags, apparel, and furniture; architects and interior designers. Because of leathers versatility, it is used in a variety of items from clothing to wall carpeting. If your experience gave you extensive knowledge about types of leather, their uses and where to source them, this is one business you can start. You will have to have great contacts with leather manufacturers abroad from whom you can order shipments of leather for distribution to leather artisans. You dont necessarily have to be competitive on price in this business. Rather, be consistent in your ability to deliver the volume and type of goods needed by your clients. Making and selling custom-made leather articles. This is a highly specialized business. It will require you to have knowledge in leather, fashion, and making a variety of leather items. As a custom manufacturer, you will receive orders from a variety of people looking for specific items made of leather. The orders could be one for a special pair of shoes to accommodate a deformity, an imitation of a vintage cowboy gear or a specially designed item to be given as a gift. For leather making tools, supplies and training, visit tandyleatherfactory.com. Make sure to have an online presence to reach a wide range of customers for this type of business.
<< Step-by-Step Guide to Start Roses Retail Store
Starting a Wireless Retail Store >>
1 ABID ALI said on June 17, 2016HI, I’m ABID ALI from KANPUR UP INDIA. I WANT to Start my own leather business in here. but I don’t know about this anyone can suggest me plzzzz. (All the above fields are required.)
Feet On Street Door To Door Marketing Face to Face Marketing Street Marketing Field Marketing Direct To Retailer Sales Strategic Field Marketing Marketing Strategy Trade Marketing Marketing Team Sales & merchandising Shopper & Retail Marketing Direct sales Sales promotion Trade sales promotions Promotions team Leaflet distribution Telemarketing
Market Research Field Research Advertising Market Research Compensation Survey Tele Research Test Marketing Brand Market Research Market Feedback Survey Data Collection Customer Satisfaction Studies Industrial Market Research Mystery Shopping Retail Audit Customer Acquisition
If you want to finish your financials on time and without experiencing any headaches, it would be best to hire an audit firm. Seeking the help of professionals is usually the best choice because they are well versed with the accounting tasks and financial documents.
Facebook Tweet Google Share LinkedIn Pinterest Email
Make the right choice and you will never have to worry about your finances.Choosing an Audit Firm Most business owners get headaches when doing their financial audit. Some of the small assignments are quite challenging and time consuming. If you want to get accurate reports and financial documents, you will need to choose an audit firm. You can get recommendations from your business colleagues or the bank manager. Try inquiring at the Chamber of Commerce in your place and you will be given a list of professionals and reputed firms that you can check out. You can ask your friends or relatives for references if they hired the services of accounting professionals in the past. Pick at least top three audit firms and schedule for an appointment. When meeting with their representatives, make sure that you ask some of the most important questions. You can ask about the number of partners that make up the firm and the present clients they are working with. Aside from that, you should also ask for the person who will be doing the audit. Other things that you should ask for are advice times, typical response, rates or charges, estimate fees, expertise, and if you can talk with other clients. During the meeting, you will also need to present a brief description of your business and your needs or requirements. Things to Look For You should stick with audit firms that can add more value to your business. Choose the one that can help you in advance planning, future development, and responds to your personal/business aims. Before shopping around, you should first identify the services you need, as well the knowledge and expertise. It is important that you have realistic expectations. Check the firms service levels and accessibility. When you know the options available for you, you can make an informed decision. Why dont you surf the World Wide Web? This is the best place to look for audit firms in your area. Oftentimes, the most popular and established companies maintain a website. You can check out the three audit firms youve chosen and compare their services. If price is a consideration, you have to look into their rates or charges. It is never a good option to pick the firm that charges an extremely cheap rate. You will regret it because your financial aspect and needs will not be met with poor quality service. When you do your homework, you can easily select the best audit firm in the market. Start with your research in advance to gather all the relevant info you can find.
<< Tips for Physicians Business Network
How to Start a Design Firm >>
