Get Ahead With These Unique Business Ideas

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Starting a business is by no means easy, but sometimes the hardest thing is to work out what you want to do. If it’s not something you have a real passion for, but you have a head for business and know how to make a business work then perhaps an on-trend idea could be just for you. Most of them are a lot of fun and make you think about where society is heading and what might be the next big thing to jump on and be there in the thick of it when it takes off. Some of the best ideas are the most simple, and you wonder why no one thought of it before.

Zero Waste Supermarket

Today, people are increasingly concerned about resources and how much is was in the food packaging process. Cardboard, plastic, styrofoam and twist ties are often not recycled, leading to environmental waste. Zero Waste shops are popping up in various places now with a unique solution, offering convenient and straightforward alternatives to single-use plastic products. At these shops, you can usually fill any container you like as long as it is clean and will fit on the scales! Not only will you be cutting down on plastic but you will also cut down on food wastage because you will take the amount you need.

A Lifting Business

Something you might not have thought of but plenty of businesses need it. You could start with slab lifting which is an economical alternative to complete concrete replacement, whether it’s a simple sidewalk repair or providing a cost-effective remedy for an entire building foundation.

If you want to corner the market in this potentially profitable business, begin by scoping out a specialized area, such as residential, commercial, or civic/municipal. Check out if you need a full-sized slab lifting rig or maybe just the portable PolyBadger lifting system? Have a look at an established company such as Ranger; they have been going for years and experts in their field, so their website is full of nuggets and ideas for you to give you some inspiration.

Broken Dolls Hospital

It’s not as freaky as it sounds, but there is a demand. Where people think that the next generation just has thrown things away instead of trying to fix them, this has also meant that toy manufacturers are creating cheaper dolls these days. There are also some fantastic quality toys and dolls which are hard to come by, but with a little TLC they can be like new – and if no one you know still wants them, you could sell them for a pretty penny.

Renting Working Space

Technology has made it possible for people to do their jobs and run their businesses from anywhere. As workers are also increasingly looking for flexible working hours, it means that companies don’t have to invest in their own office space. There are now some very successful companies which provide office space for people who don’t have an office. Offering flexible month-to-month membership options for everyone from individual freelancers to large companies, it allows freelancers who prefer to work outside of their homes to have a more reliable workspace than spending the day in a coffee shop. It also means that companies and other teams can have a place to collaborate and hold meetings and events.

Friends To Partners

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Thinking of going into business with a friend or colleague? You’ll be feeling a mixture of excitement and fear at the prospect but perhaps too a little trepidation about how a business partnership might affect your friendship with the other party.

In this guide we take a look at some of the issues you might face setting up as a duo and how to overcome the most common problems.

Assigning roles

The reason you work so well together is because you both bring different skills to the table. Before you go into business together, those unsaid skills are going to have to be made concrete, written down and divided up. You will need to decide who is responsible for what element and which elements you’ll be working on together.

Any disputes at this stage should be easily resolved before you launch. Have a business plan drawn up, which effectively acts as an agreement between the two of you. You’ll be sure to review this document as the business moves forward, checking and re-evaluating your goals and objectives and how you are both working to achieve them.

Legal footing

You’ll need to make sure you have any legal agreements around your business clearly and quickly drawn up.

Make sure your business is properly registered for tax and has had all your trading clearances agreed. Find a lawyer you trust to oversee any legal documentation you need to draw up and to be your business litigation lawyer later down the line if need be.

Remember your values

You started off as friends and you need to remember that this is the core of your relationship. Make sure your relationship can stand the rigors of business together and that you can properly separate business from your personal relationship.

Continue to check in with each other as friends regularly and to make sure that you’re not putting your friendship under any undue strain.

Make sure you speak face-to-face at least once a day, particularly as business takes off, to make sure you’re still pulling together and to iron out any issues before they become real problems.

It might be that you think in much the same way or have two very different approaches. Learn to listen to each other and judge each idea on its own merit and not through the lens of how you would normally do things.

Running a business partnership can be daunting and there will be a lot of paperwork and working practices to sort out before you even begin trading. The great news is that you will have your friend next to you to help and support through the tough times and who understands exactly what you’re going through. Someone to get through the bad times and to celebrate the good, friends in business can work well with clear boundaries and a firm plan in place.

Make sure to get everything in place before you start and you’ll soon be toasting each other’s success and a bright business future together.

Why Malta Is A Great Place To Set Up A Business

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Are you considering forming a company in Malta? If so, you will be pleased to know that there are a lot of benefits associated with doing so. In this post, we will take a look at the advantages of Malta company formation, as well as giving you a basic overview of how it all works. So, keep on reading to find out all you need to know…

Why choose Malta for company formation?

Tax Incentives

One of the main reasons why Malta is a popular choice is because of the tax benefits. There is a flat rate of 35 per cent when it comes to company taxation. However, there is the opportunity to reduce the overall amount you pay substantially, often by about five per cent.

Stability and Credibility

Malta is a stable country with a great reputation, and thus it provides a solid base for forming a company. Malta is a EU member and on the OECD white list. The banking system is ranked as the 10th soundest in the world, whilst the Malta Financial Services Authority regulates financial services and the best international practices are adhered to thanks to financial legislation.

Save Money

There are a number of ways to save money by setting up a company in Malta. Firstly, you will find that operational costs are a lot lower, as are salaries, especially when contrasted with other countries in the EU. You can also make savings when it comes to the likes of legal fees, accountancy fees, maintenance costs, and company incorporation.

How do you set up a company in Malta?

Here is an overview of the steps you will need to take if you wish to start a business in this country…

  •    Reserve a company name – This must be unique
  •    Draft the articles of association and memorandum
  •    Deposit the minimum paid-in capital to the bank – They will open an account for you once reference letters are received from the signatories’ banks
  •    Register at the Companies Registry
  •    Get a trade license – You can do this via BusinessFirst or the Trade Licensing Unit Commerce Department
  •    Get a company TIN (Tax Identification Number) – You will need the Inland Revenue Department for this step
  •    Open a bank account – You will have paid in the minimum capital earlier and now is the time to make this bank account permanent
  •    Register for VAT
  •    Find a supplier like Cloudpay global payroll so you are set up for paying your employees
  •    Get an employer identification number, which is called a PE number, and register your employees
  •    Register employees with the ETC (Employment Training Corporation)
  •    Register for data protection

Getting A Business Rolling On The Cheap

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If you are thinking of starting a business, probably your main concern is going to be the financial side of things. Most people who want to start businesses don’t feel that they actually have the means to do so, and this is generally something that gets in the way for most people. But you can always find a way around it, and it is necessary to do so if you want to make sure that you are going to get your business up and running in no time. As it happens, there are a lot of things you can do to make sure that you can get your business rolling on the cheap, and those options are what we are going to look at today. Consider the following to get your business up and running without having to spend too much money in the first place.

Free Marketing

Because marketing is one of the first things you will have to do in order to get your business going, it is one of the first things to think about saving money on. As it happens, there are plenty of ways in which you can market your business for absolutely nothing, and it is a great idea to do so if you are keen on saving some money. One thing you should always do when you start a business or launch a new product is send out a press release. These are free, and if your writing skills are on par you will find that it can be an effective means of marketing. Also, remember that social media is a great and free of charge way of spreading the word about your business. The more you make use of such channels, the better.

Sourcing Equipment

You are always going to need supplies of one kind or another, no matter what your business is going to do. Finding these supplies for cheap can be tough, but there are a lot of options you might want to consider which can make it a lot easier for you. One great method you might want to consider is to go to municipal auction houses, which are a great way of getting hold of second-hand items, especially when you are looking for larger items such as machinery. Whatever you need, you can find something this way. You should also bear in mind that you can always source equipment from friends and family – you never know what connections you have until you try.

Hiring Help

Because you will generally always need something in the way of help, it’s a good idea to save money here too. Of course, you still want to be fair to other people, so make sure that you are not simply paying people less than they deserve. Instead, think about freelancers or using online helpers, who can often do your tasks quickly and cheaply, and in way which can really help you to get your business up and running.

Purchasing Tools and Equipment for Your Start Up

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Starting up a business, no matter how seemingly small it may initially be, is by no means an easy feat. Regardless of what field your business specializes in or whether you intend to start small and work your way up or throw yourself in the deep end, you are bound to have to make a whole host of executive decisions along the way in order to ensure that you start as you intend to go on and ensure that your business and its employees have everything they need to succeed. A major aspect of this is purchasing tools and equipment for your business. Sure, it can be tempting to be drawn into purchasing anything that is promoted to you well enough. But you do need to invest a fair amount of attention to anything you do purchase for your company in order to avoid making losses. Here are a few questions that you can ask yourself to ensure that you get the most for your money when investing in tools and equipments in particular.

Is It Necessary for the Business’ Progression?

The first question that you should ask yourself before purchasing anything for your business is whether it is really necessary for your business’ progression. Can your business get by successfully without it? If the answer to this question is yes, the money could probably be better invested elsewhere. If the answer is no, go ahead and purchase – it’ll pay for itself in the long run.

Does It Need to Be Brand New?

Start ups tend to have limited funds. Money saved in any area can be reinvested in the company to help spur your business forward. So, it’s not all too surprising that many small business owners will consider buying second hand tools or equipment in order to save money. Now, there’s no way of saying whether you should opt for brand new or second hand goods in general. The correct answer will depend entirely on what you are investing in. There are various pieces of equipments and there are various different tools that are just as good brand new. If you’re interested in these, you can browse at Equify Auctions today. When it comes to things like safety equipment, however, you might want to consider buying brand new. This ensures that the items you are investing in are top quality, straight from testing and the production line without any hidden faults or issues.

What Is Its Resale Value?

Sometimes you will find yourself in need of equipment that you feel your business may quickly outgrow or only need temporary use of. In situations such as these, you should ask yourself the resale value of tools and equipment. If resale value is high, you needn’t worry about wasting too much money, as you can auction it off to make your money back once you’re done with it. If resale value is low, you might want to consider outsourcing this area of work instead.

Purchasing anything in the name of your business can be a relatively stressful experience – there are so many different things to take into consideration! Hopefully, mulling over the questions above should help to set you off on the right path!

Mindset Struggles Most Entrepreneurs Face

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If you’re an entrepreneur you probably already feel somewhat different to 90% of the population, and that’s a perfectly normal thing to feel like a bit of an outcast at times, but with entrepreneurship your mindset really has the biggest impact on your success, so in this post we’re going to share some of the main mindset struggles that entrepreneurs face so that you can be prepared for them and overcome them properly.

You don’t think small talk is an efficient use of time.

If small-talk bored you before, it’s about to get worse.

You’ll find yourself starting sentences with “did you see that really awesome Facebook Live the other day?”, and “how’s the launch going?”

Unless the other person is interested in talking about business, success, marketing, mindset, or something equally tantalizing, you’re just not going to be interested.

You may even start to wonder what “normal people” talk about – though it certainly won’t interest you.

It will bother you that people don’t think your job is real.

You can try and explain to your friends/family/random people you meet, but, really – what’s the point?

They just don’t get it.

Even the most well-meaning relatives will ask you if you’re “okay for money” Or if you’ve considered looking for a “little job yet.”

It’s probably best not to mention the fact that you’re more than okay for money because you actually make more in a month now than any “little job” could afford to pay you in a year.

This can lead to them thinking you’ve become some kind of drug lord –  not just “doing something online with websites” as they previously thought.

You think everyone should start a business.

And you don’t shy away from telling them so. A friend asks for some career advice: “dude, are you nuts?  Start a business.”

It will actually start to annoy you that most people just don’t see how much better it is, and you will passionately tell everyone you meet that business is the way to go, and even come up with ideas for things they could create.

Mostly, they won’t be interested, though – so don’t take it personally.  Just try to hide “the look” – you know, the one that suggests they just told you they’d like to stand in front of oncoming traffic just to see what happens.

Stop trying to convince them – not everyone can be or should be an entrepreneur.

Never in your life will you feel so in control and out of it at the same time.

How’s that for a crazy feeling?

Honestly, you will wake up everyday, and from one minute to the next, will be in complete awe at the fact that you can literally create income on demand, that you have purposely designed your life in a way that allows you to do this.

The next minute you will be in a complete panic for the the exact same reasons – it’s all on you.

You’ll change your mind a lot.

Entrepreneurs are crazy idea machines, so whilst one minute you’ll be bursting full of passion for your latest business venture or launch, the next you could have a brand new idea and want to start something completely different. All of this is fine and entrepreneurs change direction all the time by buying and selling their business on places like Dental Practice Exchange and other marketplaces, however, it’s also important to know when you’re truly inspired or just dealing with a case of FOMO.

Preventing Avoidable Problems For Your New Business

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OK, there aren’t too many easy things about starting a new business. But it has to be said that sometimes new business owners don’t make things easy on themselves. While there are always things beyond your control, there are important matters that most definitely can be handled before they become issues. It’s just that the burden is on you, no-one else! Below, we take a look at four pieces of advice that’ll ensure your company isn’t sinking before it’s learned to swim.

Start Slow

Enthusiasm is a powerful tool, one that can be used as a force of good to grow your company. But it can also be your undoing if you’re not careful. If you’re rushing through all the steps to get your business up, running, and making money, then you’re more likely to make a mistake. A business isn’t something that should happen overnight; it’s a long-term goal. So take your time. If you’ve got all the details planned, all the pieces in place, and the energy to handle the rush of work that’ll soon be coming your way, then you’ll have a smooth entry into the world of business.

Make Sure It’s Legal

There’s nothing worse than putting much time, effort, and money into getting your business up and running, only to then find out that it’s not legal. It’s highly unlikely that someone’s going to inform you of this before you market it to the public, so take steps when you’re still in the planning stages. If you consult with a business lawyer, they’ll be able to inform you of all the steps you need to take to be on the right side of the law. Depending on what industry you’ll be in, there might be many more rules you need to follow than previously thought.

Cash-Flow Issues

You’ll have a pretty solid financial plan for your business. But it’s not enough just to have earmarked cash for the various aspects of business development; you also need to ensure you have the funding for day to day expenditures, too. When you’re starting out you might not have all that much money coming in – especially if you’re sending invoices – but will need to outlay cash. If you don’t have that cash to hand, then your business is going to take a backward step before it’s even had the chance to move forward.

Charging the Right Amount

Nobody wants their business to be a failure. However, there’s a right and a wrong way to tackle this fear. The right way is to make your business the best it can be, and give your customers a reason to choose you. The wrong way is to undercut everyone and have rock-bottom prices. You’ll get plenty of business – no problem there – but your profit margins will be too small, and you’ll be in financial troubles. So find the right amount to charge for your services. If you’re good at what you do, charge what you’re worth and what will generate a profit.

It’s Time For A More Functional Business

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The idea of starting your own business can be incredibly tempting for a lot of people, and for a good reason. After all, who wouldn’t want to work for themselves, being in total control over what they do to earn their living? Then again, it’s important to remember that running a business is certainly no walk in the park. The truth is that it can be one of the most difficult things you’ll ever do. One of the biggest reasons for that is because far too many people end up working for their business instead of the other way around. You need to make sure that your business is set up from the very start in such a way that it’s not constantly pushing against you as you’re trying to move it forward. With that in mind, here are some things that you can do to make your business work for you and not the other way around.

Invest in the right equipment

Every business requires certain equipment to function, and the kind of equipment that you need is going to depend heavily on the kind of business that you’re running. If your business depends on manufacturing, warehouse equipment, safety gates, and automated machinery should all be on the top of your list. However, if your business is more office based, then your equipment needs might be a lot simpler. Figure out the right equipment for your business and stick with that. Trying to become overly ambitious with your equipment needs is just going to lead to problems.

Create clear workflows

If you’re constantly trying to figure things out as you go, then you’re constantly going to working against your business to get anything done. You need a clear plan with an obvious workflow that can keep you focused at all times. This is especially important once you have employees to work with since everyone needs to be moving in the same direction if you ever want to get anything done in your business at all.

Work with the right people

Speaking of employees, finding the right people for your business can be a challenge, but it’s well worth putting in the extra effort. Make sure that you put the right amount of time and focus into your recruitment process and that you don’t try to rush into hiring the first available candidate. The same goes for any outsourcing that you might do. You should also look into outsourcing certain aspects of your business, from social media companies to increase customer engagement to private jet membership to deal with travel arrangements and costs. Make sure that you work with people who’s working methods and values align with your businesses. Otherwise, you’re going to end up fighting against each other, and that level of tension is absolutely poisonous to productivity.

By making sure that your business is moving in the direction that you want it to, even the slightest tasks are going to become smoother and easier to deal with. If you don’t do that, then everything’s going to come with resistance that’s just going to make your life much more difficult than it really needs to be.

Nikki Shapes L.A.

I met Nikki about a year ago via Twitter. My wife and I were starting to put together a business called Community Perks and looking for small businesses to partner with us to serve the non-profits and schools in Santa Monica. We agreed to sit down and meet over coffee and I’m sure glad we did. At one point, we traded services so I know what it’s like to train with Nikki. She’s very attentive, listens well, yet can tell how hard to push you by reading your body language. When you meet her, it’s hard to imagine she can push you hard because she’s so nice, but don’t let her charm fool you. Personal trainers are about image (to me at least). If they don’t look the part, why would you hire them? Nikki walks the talk and she’s also committed to eating healthy too. If you’re struggling with weight or performance, I highly recommend contacting her!

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1) Health/Nutrition is obviously a HUGE issue in the United States, so why did you become a personal trainer?

Physical fitness has always been a part of me. Growing up with one sister, I was the one playing sports with my dad and loved it! I became a personal trainer because I wanted to teach people how working out can be fun and beneficial at the same time.  The benefits are endless 🙂  I also wanted to teach people how to correctly perform exercises so they do not injure themselves!

2) Why did you decide to leave a gym and train on your own? What are the pros/cons of being your own boss?

The reason I stayed at my previous gym for so long was for my clients. I couldn’t leave them! But life is about timing and I couldn’t stay at a gym (they changed owners) where I didn’t believe in their philosophy so that was my reason to leave! I took the leap and never looked back.  Sometimes you just need a little push.  If you love what you do and are passionate about what you do, you will succeed.  Their are only pros to being my own boss. I get to make my schedule and get paid for all the time/energy that I put into my clients (instead of the gym taking 75%).  You get out as much as you put into your business.

3) How would your clients describe your style of training?

I think they would say challenging, but fun. Each workout is different so they never get bored!

4) How do you gain new and retain current clients?

I believe I retain my clients because I actually really care about my clients and their goals.  I also try and teach them how to make this a lifestyle change. You always have a couple people that don’t get it, but at least I can say I gave 110%.  I gain new clients through my website, yelp, or referrals.

5) What’s one piece of advice you want to give fellow entrepreneurs?

If you believe in your product and work hard, you will succeed.

Nikki Kitamura has been a Personal Fitness Coach for over 13 years. She graduated from Cal State Long Beach with a B.S. in Kinesiology and is AFAA, CPR, Nutrition and First Aid certified. Nikki uses a “whole health” approach to solutions that ensures my clients experience lasting, sustainable results that improve their quality of life, confidence and overall well being.