Right now, many startups are afraid of launching a business because of the unprecedented global uncertainty. So, they rather choose to put the business idea back into the shelf until what they consider the perfect time to launch out. But the truth is, now could be the perfect time to launch your business. There are many needs right now created by the global health crisis.

Your business idea could be the solution that many (if not most) people are waiting for at this moment.

Here are some helpful clues to help you decide whether or not to launch your business now;

1: Consider If People are demanding for Your Business Idea

If you have been on alert in the past few months, you should have clearly spotted what is in demand and the gap that needs to be filled right now. And, you can tell how far and/or well the gaps have been filled so far. Even simple searches on Google can reveal what is lacking right now. Even if your idea is not completely for the moment, you can tweak it to suit the present needs. Who knows, your idea may succeed better now than ever. So, take a quick step to make that idea a reality, so that you can reap the potentially huge benefits.

But, if you don’t want to alter your business idea, you can as well leave it on the shelf for the time being and wait for the right time.

2: Think of the Funding Aspect

While getting loans and other forms of business funding right now can be a herculean task, you can still get your way around getting funds for your new business. A winning business plan and proposal can be the winning tool and collateral you need to convince a lender.  If you are not sure how to put up an irresistible business plan and proposal, outsource the task to an expert. There are lots of business plans competing for the available funds in banks and other lending outlets. These lenders won’t waste time tossing your proposal to one side if it sounds shallow.

You shouldn’t let funds prevent you from launching a timely business. So, look beyond the present circumstance and take a bold step to source funds. You can also consider crowdfunding, government grants, and financial supports from friends and families. Indeed, funding is perhaps a major defining factor when it comes to launching your new business.

No matter how timely your business idea is, it will remain an idea if there are no funds to birth it. So, don’t hold back, push for funds in every legal and moral way you can.

You should also look for other less expensive alternatives for executing some of the tasks involved in launching your business. For instance, instead of renting an office, you can create a space in your home for an office to kick-start things.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Towards the end of 2019 and the beginning of 2020, it didn’t really look like the entire world’s economy will come to a standstill. Nobody knew the spread of the coronavirus was going to be like wildfire and extremely devastating.

Right now, millions of people are without jobs and any means of income. But, a few people who considered an online side hustle necessary and went ahead to start one are smiling while others are crying. The greater news is that these people are not even thinking of returning to the cubicle to work for someone else again.

Sudden events can sweep you off your feet. But, if you have an alternative to fall back on, you would have little or nothing to worry about.

Here are the top reasons you should no longer delay in starting an internet-based side hustle;

1: Start-up Overhead is Low

Unlike a traditional business that often requires huge capital and overhead to kickstart, online side hustle costs little, and some actually cost nothing but quality time and dedication. And the good news is that there are tons of online hustle ideas you can take advantage of and even find free tutorials on how to start.

2: Offers Flexibility

Online work offers regular flexibility in terms of when to work. This is why you can easily combine it with other activities or traditional work. Besides, you can do your online hustle anywhere, even when you travel out of your country or region. There is no distance limitation. The only thing that may change is the time-zone and you would definitely get around it effectively. With the way the economy is right now, you need to buckle up with your online income activity and create a niche for yourself. Besides, the world is speedily moving digitally and you need to move along.

3: Increased Platforms

Unlike the beginning when online business was just getting started, you now have many platforms and easy-to-use tools to latch unto. You no longer have to spend time learning to use HTML codes to build a website. You can simply use an already-made template to create a professional-looking website. And in terms of freelance platforms, there are many options to choose from also – they include Upwork, Fiverr, Toptal, and more.

4: Tons of Recurring Revenue Possibilities

This is one of the most desirable reasons to start a side hustle online. You have tons of recurring revenue opportunities. All you need is a well-planned structure. For instance, a membership site for a subscription-based business will keep yielding income month after month. In a similar manner, posts you published some years back can still yield ad revenues for you as an owner of a publishing business.

Finally, your online side hustle has a potentially global reach if you put in the required efforts to make it appealing to a global audience or market.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Struggling with promoting your service business effectively? While a tangible product and a service have similar marketing approaches – which is finding out what customers need and using a suitable message to target the need, marketing a service-based business is unique in some ways and comes with more challenges.

For instance, while you can produce physical products in mass, you can’t do that with services. Also, while you can fool-proof a product, it’s not so with a service business. And, a customer who is not cooperative can substantially degrade service quality. But, regardless of the unique challenges that come with a service business, you can still achieve effective marketing.

Identify and Focus on One Area of Uniqueness Per Time

You know that majority of service-based businesses are similar when it comes to the service rendered. For instance, accounting service businesses render almost the same services – auditing, tax preparation, and so on. On the other hand, even similar products (e.g. toothpaste) can be differentiated with even very minute features.

This is why you should focus on one differentiating feature as a service-based business owner, especially during the initial awareness. You will focus your selling proposition on that unique feature so that you can successfully break into your target market.

Typical examples of such unique selling points may include faster turnaround, lower pricing without cutting back quality, the use of the most innovative technique or technical tool in the industry, and so on. You must give a prospect a strong reason to choose you over your competitors or more established leaders in your niche.

Subsequently, when you are chosen, you can then introduce other aspects of your services that will equally benefit the customer, or that would complement the customer’s initial order. But you must focus on a unique differentiation during the awareness campaign in order to attract customers to your service.

The founder and CEO of a certain app development firm say, “it’s difficult to use pricing as your selling point during the start upstage. If you go too low, it will send out a red flag for low quality. And, if you go too high, it would force prospects to look elsewhere. It is better to focus on delivering value as your selling point.”

Offer Excellent Customer Service

Even for physical products, quality customer service has always been an effective selling point. But, it seems to work even better in a service-based business. In fact, excellent customer service will deliver more customers to your doorstep than pricing.

When a customer is satisfied, the person will spread the word and refer people to your business. Whether you are hiring customer reps in-house or outsourcing customer service, you must insist on excellent customer service for your service-based business.

Finally, flexibility is the key to successful service business marketing. You should know when to change a technique and switch to what works better.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Perhaps you’ve had it in mind all along to start a business. Or, it could be that the covid-19 affected your job and you’re thinking of starting your own business. Whichever way, it’s a good idea to become your own boss. But, there are honest truths about starting a business and you should acquaint yourself with those truths.

Truth #1: Overnight Success Does Not Exist

You’ve probably come across business success stories that sound like the success all happened over night, haven’t you? Often, such stories are on the surface and do not reveal the struggles that come with starting and growing a business. There are such times when it looks like all your efforts are consistently amounting to nothing as a start-up. At such times, you will feel like giving up and rather falling back on a paid job that offers security and cash flow.

Well, if you fall back to paid job just to learn the rudiments of running a business, that’s okay. But, it shouldn’t be done out of fear and hopelessness that you may never succeed in business. The truth is that most successful businesses you see today went through tough and trying times before stepping up to the level you find them today. The message is simple and clear; starting a business is hard-work and requires perseverance.

Truth #2: Focusing on Value will Pay More on the Long Run

Often, many start-up entrepreneurs are distracted by competition rather than focusing on value. You don’t have to try to outwit the front liners in your niche. You will naturally and effortlessly do that when customers find your product or service more valuable. So, you should concentrate on building value.

You should be concerned about pertinent factors such as how you can make your product and/or service stand out from the pack. One of the methods is to honestly seek feedback from your customers so that you can constantly improve on your offer.

Truth #3: You Need Trusted Mentors and Business Colleagues around You

You need help from people who have gone ahead of you in your line of business. This will help you bye-pass some costly mistakes and shorten your learning curve. Besides, with the right mentors and colleagues by your side, you can still keep your head high even in hard and trying times. Getting a leap-frog to success can come from moral and experienced guide provided by a mentor or experienced business colleague.

Truth #4: Do it with Everything You’ve Got

You need to be completely passionate in pursuing your business idea. This will help speed up your success and make a name for you in your industry. Above all, don’t stay disconnected with your customers. Nobody wants to really connect with a faceless venture. They want to know who is behind the business they are interested in.

This is how you gradually build a success story and become a celebrated founder.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Becoming an entrepreneur comes with responsibilities. While you may have mentors at the beginning, there are times when you have to learn on the job and be your own business adviser. Keep reading to learn some real business success tips that have made people before you succeed in business.

1: Never Take the Big Vision out of Your Sight

You need a big vision to go far in business and in life generally. It is the big vision that will keep you going when things look bleak (and expect that to happen) along the way. When you put your ultimate goal in view, it will help you surmount the obstacles and forge ahead. Indeed, your vision will spur you on and keep you going when everything else seems to be falling apart.

2: Persevere

That driving force that helps you keep your vision in view is known as perseverance. It’s a commitment to keep going forward no matter the challenge that comes your way as an entrepreneur. Perseverance is what fuels you to hold on to your vision and never give up. It’s all about going forward ever.

3: Celebrate Your Expertise

You don’t have to be a jack of all trade in the course of running your business. Embrace and focus on your skill-sets while letting others fill the vacuum. For those things you are not good at, you can employ people or outsource to experts in those areas.

4: Plan

Planning is a top priority when it comes to succeeding in business and in life generally. However, a mix of flexibility with your plan is great. You need a blueprint that will steer the course towards success – a clear and detailed business plan is that blueprint. A plan assists you in defining what you are aiming at and your goals give you something to measure your progress against.

5: Simulate Success

There’s no need to reinvent the wheel. You should leverage what is working and has proven to work in your competitors’ business models and your industry as a whole. Why waste money and time trying to champion a completely new system when you already know about an existing system that delivers the result you desire.

6: Stay Humorous

A good sense of humor helps to diffuse stress. Find opportunities to laugh heartily to help you relieve the stress of owning and running a business. It helps you not to take challenges too seriously, but to see them as part of life. “A merry heart does good like a medicine”, says the Holy Bible.

Finally, leverage everything within your means to soar in business. You should leverage outsourced help to fill vacuums affordably and streamline tasks as much as possible.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Don’t think you are all alone if you are struggling to start a business or do not know just how to start. Right now, many people are out of the job and are looking towards starting their own business as a way out. The good news is that you can create a business that you love and are willing to grow.

These proven expert tips will get you started;

Tip #1: Quit the Blame Game

Playing the blame game will keep you in a vicious circle – you blame the country and people that originated coronavirus, you blame your boss for sacking you, you blame the economy for being harsh…a long list of blames. Instead of exerting your energy on such worthless exercise, brace up and take responsibility for the change of your situation.

Tip #2: Find Business Suitable for You

It’s time to step out and look for a suitable business. Start by exploring various aspects of you – your age, social styles, and personality. You can get some helpful clues from such a self-searching exercise. Consider following your instinct on what business will drive your passion even when it feels like things are not working out as planned.

And when it comes to knowing what business is best suited for you, you can adopt the following approaches;

• If you were laid off or just looking for a change, you can get some cues from the service you offered to your former company. Those services and skills you deployed in working for your former boss can become the bedrock of a suitable business for you.

• Another way is to understudy a business you find interest in. Subsequently, you should replicate or simulate such business

• You can also fill a gap by identifying a problem you can solve with a product or service. This approach is the most demanding in terms of research, brainstorming, and spending time to test-run your idea before lunching out.

Tip #3: Embark on Comprehensive Business Planning

Planning helps to increase the chances of success when trying to start a business. It’s a powerful tool that provides confidence, focus and clarity. Just a page is enough to put your business plan down. Then, your goals, methods, and action approaches will become more real. When it comes to business planning, there are essential questions you should ask. One of such major questions is who you will serve. Others include what you are building, your promise to your clients or customers, and your approaches/action steps.

4: Find Out who You are Targeting

Don’t start investing into your business idea until you figure out who your target audience is. You need to know if you have a ready market or customers for your product or service.

Finally, outsource your product launch campaign to greatly minimize marketing cost.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

The importance of using social media to brand and build authority cannot be overemphasized. However, most entrepreneurs do not have the time and/or creativity that social media marketing requires.

Remember, you don’t even have to do everything yourself, especially the tasks outside your expertise. Outsourcing social media to a social media expert is a smarter move to make. But then, there’s always a concern about who to entrust your brand’s social media presence with.

Choosing a Social Media Marketing Consultant

It is important to find and choose an expert you can trust, bearing in mind that the expert will be in charge of your brand’s social marketing messages. In essence, whatever message the personal puts across will be representing your brand, whether good or bad. Now, the big question is, how can you identify a trustworthy social media outsourcing expert?

Do you really want an honest answer? Start by researching authentic testimonials of their previous clients. And, how can you go about such research? Check the testimonial section of the social media consultant to know what clients are saying about them. If a testimonial section doesn’t exist, that could be a red flag.

Also, in researching a social media consultant, search for the name or company’s name on Google to see if they exist on the web. There should be a mention of them and their work on the web, whether good or bad. Use Google Maps to search for the consultant’s website or name – this should reveal local reviews on the company. Also, if the consultant is on LinkedIn, you will find reviews.

Another way to research and choose a social media outsourcing expert is to find out who your industry colleagues are consulting for their social media marketing. A colleague in your industry or niche may have a referral for you on LinkedIn.

Don’t Leave Your Social Media Outsourcing Partner all Alone

In essence, you should work closely with the expert. This is beyond just having occasional meetings with the expert. It requires complete availability so that you can always have access to the expert when you have questions or matters arising from your social media marketing. You also have to be available whenever your consultant needs you.

For instance, social media comes with lots of things. An issue may come up, requiring your urgent and immediate attention. You must be available to respond to your social media consultant as soon as possible. For instance, you may be required to directly communicate with a customer on a complaint or problem.

Another important aspect of working closely with the consultant is to monitor what they do. When they send updates, peruse such updates to see if they are both relevant and timely. Make sure the expert has a good grasp of what you do and your industry as a whole.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Having reaped and continued to reap huge benefits from outsourcing, famous entrepreneurs recommend outsourcing for the top reasons listed in this post;

1: You are Limited by Time

One of those notable entrepreneurs who recommend outsourcing is Neil Patel. If you are an internet marketer, this name will definitely ring a bell. Neil, a successful digital marketing pro, has founded a couple of companies and offers digital marketing services to big companies like Amazon. He says, “I’m definitely not a superman, I get the help I need to get things done, which is why I recommend outsourcing.”

Business owners already have so much to do, especially when it comes to strategizing on how to move the business forward. This is why they need all the help they can get. And, outsourcing offers a great solution in this case, so that an entrepreneur can focus on core tasks.

2: Outsourcing Helps You Focus on Your goals

There’s no way you can focus on your vision and business goals if you spend time doing or coordinating admin tasks. No matter how great your goal is and what the plans to accomplish them seem, they will only remain blueprints as long as you are continuously distracted by tasks that you should let others handle. You will keep losing the BIG things because you are busying chasing the SMALL things.

3: The Best Part is that it Only Costs a Little

In comparison, it costs quite less to outsource tasks. This is particularly true if you opt for offshore outsourcing instead of on-shore outsourcing. The time you spend being jack-of-all-trades would end up impacting your business negatively. So, learn to get the help you need.

Besides, you will cut back stress and fatigue when you focus on one aspect and let others do what they know best. Reduced stress helps you to think clearer, become more productive, and live longer.

4: You Can Speed up Processes with Outsourcing

Handing over tasks you are not a professional at to an expert will help speed up the business process. An expert can complete within hours a task that will take you weeks or even months to do. Time wasted could mean a huge opportunities business lost. You can speed up your entry time to the market when tasks are accomplished faster.

So, the message is clear. Join entrepreneurs who are taking advantage of outsourcing to accomplish more with less.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

Difficult times as being experienced at the advent of Covid-19 had brought lots of challenges. It has become fashionable for many establishments to engage in Back Office Outsourcing. This form of outsourcing is good when it comes to maintaining access to highly trained executives with low costs. These are some of the gains from back-office outsourcing:

• Time-saving
• Lower costs
• Less space needed
• Complements social distance policy

Other benefits of back-office outsourcing are that it zeros down on the uncertainties and risks involved in the hiring, rehiring, layoffs, and turnover. These provisions help a firm to be financially stable.

The following ways are considered to be a very effective means of assessing and relocating your back office resources:

Consider the expertise of your team

The changing times necessitate the need to work more closely with your HR teams to be sure that your strategic plans are such that bring out the best in your employees. Your HR will identify members of your employees who are quite suited to take on those specialized tasks.

Strategizing With Your CFO

You have to partner with the Chief Financial Officer who will help develop a 90-day plan. This plan will make you not to cut the wrong costs. The CFO will ensure that all the least profitable products and clients are being cut which will positively impact your margins. For your business to stay on the go, your CFO helps in analyzing the books just to make sure that your strategy is long term. Your CFO also ensures that your cash flow is sustained by helping to navigate your Form 941 and payroll. The financial officer also applies for a government loan.

The market is full of risks and this makes it imperative to seek the services of your CFO or controller. Their job is to help you procure funds and strategies that would keep your business running in periods of recession.

Let Your HR Be Up To Date with Current Guidelines

Economic inactivities have forced many companies to constantly hire and fire their employees. However, your HR should be managed by experienced staff who know of the laws like the Family First Coronavirus Response Act (FFCRA). Thus your organization will prevent being sued by her former employees.

Think about an outsourced accounting or HR team

Outsourcing the services of remote workers keeps your company in form. It helps you to adhere to the social distancing guidelines. It is highly becoming a popular strategy for many businesses to outsource their back-end offices these days. This aids them in having access to a quality team of experts with lower costs.

CONCLUSION

These are the four reasons why you have to do back-office outsourcing. Its benefits are many. Back office outsourcing helps companies to maintain highly skilled staff at lower costs because they are only contracted when needed.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams

AI would be taking over some jobs in the nearest future. Most employees are already jittering at the thought of losing their jobs to robots. There is this projection that the world economy would boost by the next decade with an injection of 15 trillion dollars.

According to a recent report in 2018, three out of ten jobs are deemed to be at risk of being taken over by AI. These jobs are mostly the ones that are lowly placed educationally.

Here are the jobs and how they may be affected

1. Research And Data Entry

Many organizations are depending heavily on outsourcing their data entry services from tech giants. They rely on the provisions of AI from organizations like Google and Amazon due to their little financial capacities. This is why data entry is one of the first jobs to be drowned by automation.

2. Outbound Sales

It is quite certain that Outbound Sales is also one of the professions to be replaced by AI bots. People now prefer interacting with chatbots over the aggressive approaches of Salespersons. With the advancement of technology, AI is poised to bringing in a more seamless interaction process.

3. Bookkeeping Clerks

Bookkeeping clerks are not spared in this automation process. There has been quite some developed software that takes care of bookkeeping these days. Smaller businesses find this software as a favourable alternative to hiring permanent employees to do the bookkeeping tasks for them.

4. Proofreaders

The joy of having your content proofread by the software is quite a relief. Some companies are busy innovating tools that will render more accurate and speedy proofread than we have now.

5. Lawyers/paralegal

Legal fees are quite very high for smaller business corporations. To this end, there is an ongoing attempt to develop machines that could review contracts. No doubt small corporate entities would be willing to pay for these machines.

The jobs that will survive the AI replacement

All the creative jobs will survive AI replacement. This is because the available technology has not come up with any machine that can bring up new ideas without basing on previous learnings. This has put skills with the human touch to be on a safer side. Examples of such skills include graphic designing and copywriting. Other skills include Web and app development. No bot can do these jobs with the current technology.

Final Thoughts

The higher the educational level, the safer it is for a profession. However, there seems to be no way out for the likes of these outlined jobs because their jobs are already been attacked by the AI automation process.

The only way for one to safeguard his job is by diversifying his skills as soon as possible. Higher education remains the key to securing the future.

Daven Michaels is a New York Times Best Selling Author and CEO of premiere global outsourcing company, 123Employee. The company employs hundreds of young bright individuals on three continents. His International event, Beyond Marketing Live! Inspires entrepreneurs to build & grow their business with revolutionary new theories and systems allowing them to design the business and personal lifestyle of their dreams