Apple Sponsored Its First Known Offers Promotion for Apple Pay Users

The promotion was called “Lose Your Wallet” on Apple’s website. It included a percentage off the purchase or a free item with a purchase. Moreover, the promotion included in-app offers like $5 off a Caviar order and special offers at a Square Inc. pop-up store. Square owns Caviar.

According to a Square spokesperson, Square would help consumers ensure Apple Pay was setup on their iPhones and they knew the local offers.

Though the overall percentage of electronic payments being made with Apple Pay, or its competitors Samsung Pay and Android Pay isn’t high, there is strong competition among them.

People using Samsung Pay were given the opportunity to search, save, and redeem electronic coupons within its app in 2016. This year, Google, the Alphabet Inc. unit behind Android Pay, offered the ability to transmit loyalty cards and offers to merchants at the point-of-sale terminal.

All 3 must compete against retailer-backed mobile-payments services such as Walmart Pay and Kohl’s Pay. Each of them provides their customers with unique offers and easy payments.

According to Jordan McKee, principal analyst for payments at 451 Research in Boston, Apple Pay’s promotion can also be considered as a way to broaden Apple’s image as a merchant partner. 451 Research is a research and advisory company focused on innovation and disruption in enterprise technology. McKee further notes that in order to grow, it’s important to closely collaborate with merchants in spheres like loyalty and rewards. Such collaboration will be critical to success.

Merchants interested in low-cost and secure payment processing should look for a reputable payment processor like eMerchantBroker to turn to. EMB is a reliable and trustworthy payment processor and business funding provider that specializes in the high risk industry. EMB is voted the #1 high risk processor in the US.

EMB is an award-winning merchant services provider that boasts an A+ rating with the Better Business Bureau. eMerchantBroker offers the most competitive rates in the industry and exceptional services to merchants of any type and size. EMB is rated A by Card Payment Options and is named one of Inc. 500’s Fastest Growing Companies of 2016.

How to Start a Small Business at Home

Perhaps you are wondering how to start a small business at home but you have little to no experience or money.

Well, you do not need to let your lack of experience or money to stop you. Nobody start with experience. You can always gain experience along the way. As for money, you can always get a loan. However, a much better way is to start a low cost business.

So, what kind of business can you start at home?

Before starting a business, you will want to look at your skill set, your passion as well as your current situation.

Are you a housewives who love kids? Then you can always start a childcare business. You are fulfilling your passion and earning money at the same time.

Alternatively, you can also consider starting an Internet business.

Why Internet business?

Well, an obvious reason is that you can start an Internet business from home. All you need is an Internet connection.

Obviously, there are more advantages for starting an Internet business than the one we mention above.

First, you can literally start out online with $0. You probably can’t find a cheaper business to start than an online business. At most, you will only need to spend $100 to start your online business.

Second, an online business can be extremely profitable. There are many people who are making a $100 per day within the first few months in business. Given more time, you can also grow your internet business to 5 figure per month. You can do very well despite starting with little or no experience and money.

How To Start An Online Business

With the state of the economy and thousands of people around the globe losing their jobs every day alternative sources of income are becoming more and more popular. The purpose of this article is to direct you to the right information that will teach you how to start an online business. Also I am going to leave you with some online business ideas as well as tell you things that you should avoid.

The internet is growing at a phenomenal rate every single day. There are over 700,000,000 people that have access to the internet daily. So with all the online businesses in existence we have only just scratched the surface of this incredibly fast growing behemoth. There will always be plenty of room for anyone that wants to learn how to start an online business. I hope this article helps inspire you to come up with some online business ideas of your own.

I have been on the internet marketing for approximately 2 years now and I am here to tell you that it gets more exciting every single day. I can hardly contain myself when I think about all that is going on with the internet and the changing economy. I know people become apprehensive and afraid when they think about the state of the future economy however I cannot help but be ecstatic. The reason for this overwhelming feeling of euphoria that I experience daily is not only a positive attitude which helps by the way, but the knowledge that the economy has always gone up and down usually in 7 year cycles give or take a few years. Also is my belief that where we are going is exciting and filled with unparalleled opportunity. Let me explain.

What we are going through I believe is what is called a paradigm shift. The world we live in has been and continues to become an information based society. The way we communicate is almost instantaneous in most cases due to technology and the internet. We can talk to people anywhere in the world in mere seconds with our computers and an internet connection.

That is the beauty in learning how to start an online business. Here are some of the benefits.

  • Unlimited Income Potential
  • Absentee Ownership
  • Freedom To Live Anywhere And Anyway You Want To (provided you have internet access)
  • Inexpensive Start Up Costs
  • Some Of The Best FREE Training Available If You Know Where To Look
  • You Control Your Time And Income
  • Easily Work From Home
  • Unlimited Supply Of Prospects

These are just a few of the benefits. There are many more of course as you will find out for yourself if you decide to head out on your own internet adventure. The possibilities are unlimited. You never know from day to day who you are going to meet. The world you experience on the internet is so much bigger than the world we go out into as a general rule. You can go anywhere in the world you choose in a moments notice. You will meet people all across this huge planet of ours. Below are some online business ideas designed to get you thinking about what you want to do and maybe come up with some ideas of your own.

Choose Your Niche

The first thing you need to do in your endeavor to learn how to start an online business is decide what your niche is going to be. There are 1,000’s of things you could possibly do online. Affiliate marketing, network marketing or MLM (multilevel Marketing), eBay, ClickBank. ClickBank deals in all digital products such as e-books etc. You can sign up for an account and become an affiliate of the different products they promote. You could also create your own product. My personal niche is network marketing because I like the walk away income potential. The hottest things that sell on the internet are software and e-books.

Find The Proper Training And Support

The next thing you will need to do is find the right place to put your trust in for the correct training and support to help you learn how to start an online business. You can Google online marketing training. Just be very careful because I know this is hard to believe but there are those who just want to make money off you and do not care about your success. However there are many good marketers. Here are some things to watch out for

  • Wild crazy income claims: Make $12,248.56 in3 days etc.
  • No real product behind the promotion. Get details of the product and how it will be used
  • No congruent message. They use gimmicks to get you to click on their ad and when you get there what they are selling you is something totally different than what they lead you to believe.
  • No good iron clad guarantee. I know this is questionable however anyone serious business person should be willing to stand behind what they are selling 100%.
  • No testimonials. This too is something to watch for because there are those who get paid to give testimonials

The main thing to remember is that you have to do your due diligence to find that one individual that you feel comfortable with to train you. Go to a lot of sites and you will eventually see the ones that are good over and over again. See if their testimonials are verifiable. When you decide on one then stick with that one until you learn what you need to before going on to another otherwise you will end up with tons of e-books and courses that you download and none are used and you are even more confused than when you first started out. Keep everything you download saved to a file with that programs or the trainers name.

Another Thing To Remember is do not opt in to every offer you see that promises you to make a fortune online especially in an incredibly short period of time, not that that can’t happen but that it is unlikely. Any business takes time, work and some investment. The internet is no different however you can start a business easier online than offline with a very small investment if you get the right training from the correct source and the rewards of owning an internet business as opposed to an offline business are phenomenal. You can start an online business and succeed. Like any other business it is a skill that can be learned. Realize that it will require some investment just like any other business also.

Do not make an investment in hosting for your website, when you are ready, or any other tool in learning how to start an online business that you are not sure you can keep. Once you start don’t give up and just keep at it and I promise you will make money if you do what they tell you to do, but don’t start opening 100’s of e-mails from tons of offers you have opted into and get discouraged and not do what they ask you to do and then blame the teacher. Follow a system and you will be successful. Also support from your spouse is essential if you want to be successful in your efforts to learn how to start an online business.

I will have more articles that will further expound on what I have already written with more ideas and do’s and don’t’s in your endeavor to start an online business.

With the state of the economy and thousands of people around the globe losing their jobs every day alternative sources of income are becoming more and more popular. The purpose of this article is to direct you to the right information that will teach you how to start an online business. Also I am going to leave you with some online business ideas as well as tell you things that you should avoid.

The internet is growing at a phenomenal rate every single day. There are over 700,000,000 people that have access to the internet daily. So with all the online businesses in existence we have only just scratched the surface of this incredibly fast growing behemoth. There will always be plenty of room for anyone that wants to learn how to start an online business. I hope this article helps inspire you to come up with some online business ideas of your own.

I have been on the internet marketing for approximately 2 years now and I am here to tell you that it gets more exciting every single day. I can hardly contain myself when I think about all that is going on with the internet and the changing economy. I know people become apprehensive and afraid when they think about the state of the future economy however I cannot help but be ecstatic. The reason for this overwhelming feeling of euphoria that I experience daily is not only a positive attitude which helps by the way, but the knowledge that the economy has always gone up and down usually in 7 year cycles give or take a few years. Also is my belief that where we are going is exciting and filled with unparalleled opportunity. Let me explain.

Business Ideas in Starting Business

Starting business is never easy enough. You will always be burdened by decision-making and having the right mindset is your only means to get through it. Starting a small business is not very different from starting a big one. In fact, most businesses sprout from the utilization of a single idea that works in the market.

Identifying this idea is the start of your endeavor. You need to take that extra step into finding one idea that suits you and one that will work for your advantage in the market. In starting business, defining the factors that affect the way you will consider a business idea is necessary in finding one.

A successful business starts from a business idea that works for the people within the market. In choosing an idea to use for your business you need to take into account several things that will be useful in choosing the business that will be good for you.

  1. Passion. It is important to choose what is within your interest as an individual. A business that you are passionate about will be good for you because you can always find a way to make it marketable. You can always add something that will make it more competitive in the market because you know the things that need to be innovated within the range of your interests.
  2. Market. What is in demand? This is a consideration that you need to really think about. Even if you are passionate about a certain business idea, if it is difficult to create a need for it in the market, chances are, your idea will not work. The market is an important aspect of your business. Therefore, in choosing an idea for your business, make sure to think about your prospects and how to create a demand for it in the market.
  3. Costs and Availability. It is important that you know if it will fit your capital requirements. A business idea that will be suitable for you is one that you can spend for within your allotted capital. Its availability also needs to be identified. This way, you can provide your clients with better service with an available business idea that you will choose to work on.
  4. Commitment. A new business idea can be an existing one. The one thing that will help you in taking it into a whole new level is the commitment that you can give toward making it marketable. Choosing a business idea will be so much easier if you know that you can commit to making it work to the best of your abilities.

Ultimately, choosing a business idea can be a difficult task. Having the right information regarding the business that you want to gamble into can make choosing worthwhile for you. Knowing these factors can help you take the first step toward starting your own business. Remember that in starting business,you can do all things with the right mindset and the right information. Taking that initial leap toward your desired business is attainable so what are you waiting for?

How To Keep Business Records

In this article we are going to look at the reason for keeping accounting records and by the end of this article you will have the knowledge to be able to keep a set of books in their simplest form for a small business.

What we need to look at first before deciding which bookkeeping system is best for our business are the following:-

  1. Why do we need to keep accounting records,
  2. Is our Business a Small Cash Based Business
  3. 3, Does our Business offer Credit Terms to Our Customers
  4. Do we get Credit Terms from our Suppliers

You may not understand the above terms yet so lets look at each item in detail:-

1 Why do we need to keep accounting records-

The first reason we must keep accounting records is that it is a statutory requirement. At the end of our financial year we have to produce a set of accounts in order to fill out a personal tax return, or in the case of a limited company file a set of accounts with the Registrar Of Companies. And if we are registered for VAT we need the information from our records to complete Vat Returns.

Secondly and the most important as far as we are concerned is so that we can keep track of where our business is going:-

  • Are we making a profit or a loss?
  • Which products within our business are making a profit and which are making a loss?
  • Are we in line with the business plan we put together before we started our business and did our initial business research?
  • We may have put together a Business Plan which we took to the Bank in order to get a loan to start our business. If we did the chances are that the bank are going to want to see if our business is in line with that plan on a regular basis. In other words the Bank may ask you to produce Monthly Management Accounts”
  1. Is our Business a Small Cash Based Business?

If we have only just started our business, maybe it’s a small work at home business, we probably start by only selling products to people who have paid us first. Similarly because we have only just started our business we probably cannot get credit facilities from our suppliers so we have to pay cash up front to get our products. If this is the case we only need a very simple bookkeeping system. All we need to do is keep track of our Cash Receipts and Cash Payments. All we need for this is what Accountants call a Cash Book.

3, Does our Business offer Credit Terms to Our Customers?

If we have products or offer a service whereby we allow our customers or clients to pay for our product or service at a later date we are going to need to keep some record of who owes us money. For example I am an Accountant and although most of my business is cash based if I were to keep your accounting records, I would have to spend time writing up your books and then producing your accounts which I would then review with you. I would have initially spent time on producing those documents which I would keep a record of and then produce an invoice for you which you would then pay either now or at sometime in the future. Therefore what I would do is have a book to keep a record of the sale. Accountancy Term:- Sales Day Book And also a record of when you paid me for that sale. Accountancy Term:- Sales Ledger

  1. Do we get Credit Terms from our Suppliers?

This is the reverse of item 3 above. If our suppliers allow us to have goods that we pay for at a later date then we have to keep a record of- What we have bought. Accountancy Term:- Purchase Day Book and who we owe money to. Accountancy Term:- Purchase Ledger

So how do we keep these business records?

To best answer this question because it will vary for different types of business and it is one of the most difficult things to learn as an Accountant when you start from scratch to put someone’s records together in order to produce a set of accounts in the quickest time possible.

Once you understand this process it is really quite simple. If you only want to keep your records and let your accountant put your year end accounts together for you. If you at least understand the following you will save a lot of money on your accountancy fees because your accountant will charge you base on the time it takes to analyse your books in order to but those final accounts together..

So this is where we are going to start.

We are going to start at What information do we need at the end of the day?

We are going to start by looking at this process by assuming that you keep the simplest set of books discussed in section 1 above (i.e. a Cash Book. Record of Receipts and Payments) When we say Cash Book we mean a record of Receipts into your Bank Account and Payments from your Bank Account. Every business will have a cash book no matter what its size and it is where your Accountant will start when he produces your year end accounts or does your bookkeeping for you.


Because your Bank Statements are the only independent check that your records are correct. By this I mean that your Bank Statements are the another (wait for it another) Accountancy Term:- Double Entry to your Cash Book. This term Double Entry is the one most feared by anyone starting to learn accountancy and take the bookkeeping stage to Trial Balance stage. You don’t need to worry about it so much as a bookkeeper because you are just working on one record at a time. So what is the end result that we are aiming for?

Simple. Another Accountancy Term:- Income and Expenditure Account.

What is this. Simple:-

  • A List of our Income From our Cash book Receipts
  • And a list of our Expenditure From our Cash Book Payments

So an Income and Expenditure Account will look something like this:-

  • Joe Blogs Income and Expenditure Account For The Year Ended 30th April 2010
  • Income A
  • Expenditure Directly Related To Sales:-
  • Purchases B
  • Carriage C
  • Total Direct Expenditure B+C=D D
  • Net Income Directly Related to Sales A-D=E
  • Other Expenses:-
  • Rent and Rates F
  • Heat and Light G
  • Advertising H
  • Printing and Stationery I
  • Telephone J
  • Postage K
  • Sundry Expenses L
  • Bank Charges M
  • Bank Interest N
  • Total Other Expenses Total F to N= P P
  • Net Income E-P
  • Financed by:-
  • Fixed Assets
  • Cash at Bank Q
  • Capital Introduced R
  • Less Drawings

(I use letters in the example so that you will see below how the totals are used from the cash books)


So if you have or rent an office to carry out your business you can claim the headings marked with a *. If however if you work from home. You will not be able to claim your House Rent, Heat and Light and all of your Telephone bills. You can however claim apart of your household bills as a proportion of the time and space used to run your business from home. And of course the business related expenditure of your Telephone calls.

The Rent and Rates and Heat and Light proportion would be claimed under the heading:-

Use of Home as Office.

For this proportion it is best to get advice from your accountant. Topics such as this are out of the scope of this article.

So now we know the basic layout for our Cash Book. We will use two books, one for receipts and another with more columns for our payments.

Date______Received From__Total___Sales___Other Receipts

1 July 10________Mr A__________100_____100

4 July 10 _______Mr B___________ 25______25

6 July__________ Mr C__________ 50______ 50

7 July _________Company D ____250_____ 250

14 July ________Company E____ 100 _____100

20 July Cash Introduced _______1000 __________________1000

Month Total________________ 1525 (Q) ___525 (A) ______1000 (R)



Notice here I have introduced a heading here that is not in the Income and Expenditure Account. This is because these are of a Capital nature and belong to the Balance Sheet Part of Your Final Accounts. Again this might confuse you and you might need the assistance of an accountant here.


Also notice that when we total each individual column, because we have analysed our individual receipts across the cash book headings. If we add together the totals of each individual column they should equal the total in the total receipts column. (i.e. 1000 + 525 = 1525) This is called X casting. It makes sure that our books balance.

Oh. And by the way add these totals up at the end of each month. That way it is easier to reconcile your cash book with your bank statements.

Date ___Supplier_____Cheque

___________________Number___Total___Purchases__Carriage__Rent and Rates___ etc.

6 July ____Company X_____100010____100________100

14 July___Company Z_____100011______30___________________ 30


Month Total ______________________130 (Q) _______(F)_______ (G) _________ (H)


I think you get the idea.

Don’t forget that when you add up the “Total Column”:- 100 + 30 = 130 (and of course you will have more entries than this) Your check is to make sure that the total of each of the analysis columns add across to the same figure.

i.e. F + G + H + etc. = 130 Great we X cast.

So to summarize.

You now know how to keep business records in its simplest form. You know why you are keeping them. When you first set up your business this is probably all your going to need to start with. When you take these books to your Accountant at the end of your financial year all he needs to do is balance the cash book up with Bank Statements. And then prepare the Income and Expenditure Account.

You can see how easy that is for him to do now. He has all the figures that just slot into place.. Hey you can probably do it yourself now! Of course it gets more complicated than this when we start introducing Sales Day Books and Purchase Day Books.

See you next time.

I hope I have been helpful.

Adrian Lord is dedicated to helping businesses and those who wish to start a new business. He is an Accountant with more than 20 years in the profession and has helped many people start there own business.

How to Find a Christian Philanthropist Who Can Help You Start Businesses

Starting a business is not an easy task. There are hundreds of details to take care of. Most importantly, you will have to arrange for the necessary startup capital for your business. One of the best ways to find capital is by finding a Christian philanthropist who can help you start businesses. If you have already approached friends and family but still require more capital in order to start up your business, you can start finding charitable fellow Christians who may be willing to help you out. While contacting banks is one option, banks are not really too keen in today’s economy to lend money for new businesses.

Where to find a Christian philanthropist who can help you start businesses?
There are several ways in which you can find philanthropist. The most useful and the easiest way to find such charitable people is through your personal contacts. If you have any helpful connections, now would be the time for you to start utilizing them. Talk to people in your church, contact Christian business associations, find referrals at Christian meetings to find helpful connections. When you ask someone for a reference, you should always ask their permission if you can use their name during the conversation with the philanthropist.

Use the internet
Another great way to find a Christian philanthropist who can help you start businesses is by using the internet. There are several Christian networks online that connect entrepreneurs with job seekers, investors, advisors and philanthropists. You can sign up for some of these networks and get the contact information about the other members who may be able to help you out with your new business. You can also browse through the profiles of others to see if they have helped other similar entrepreneurs in the past. If you find someone promising, you can contact them.

Local Christian accountants, bankers, dentists, doctors, attorneys, business incubators, universities etc are all helpful sources that you should not miss out on. Once you do find philanthropists that may be interested in helping you start your own business you will also have to convince them about your business. You should have a business file ready with all the information that they would want from you. You must show them your business idea and must let them know how you intend to use it for the betterment of the church or for spreading Christianity. Your report must include your background details, your credentials and details about your experience. You should remember that your business must sound convincing enough. Above all, since it is a Christian business your report must show how you intend to follow Biblical principles.

If you follow these tips, you would definitely be able to find a Christian philanthropist who can help you start businesses.

Starting a Business From Home

Starting a business from home is easy when you learn to use the secret that successful business people have mastered throughout the years. Using the Law of Attraction in your home business catapults your success in many ways.

SUCCESSFUL VISUALIZATION: When starting a business from home, one of the first things necessary is to have a vision of what you want for your life and how you want your business to run. Having this inner vision ensures that you not only stay on track with your new endeavor, but also invokes one of the greatest laws of the Universe, the Law of Attraction. This enables you to attract everything you need on how to start a home business.

While many people discuss the Law of Attraction, there are two critical factors you must use when visualizing your home business success:

  1. First, in order to manifest anything, you have to come from a place of true desire for your life in general. When you can visually see and emotionally feel how you want your life to be overall, then your business choices will fall into place naturally.
  2. Secondly, the true way to use the Law of Attraction is by feeling that you have already attained your business success before you start. When you feel your success on an emotional level and believe your success is possible, you have mastered starting a business that will succeed.

VISION BOARD: One of the main benefits of starting a business at home is that you have full control over your working time and space. So, putting up a vision board and using daily visualization exercises that allow you to access your emotional feelings of having a successful business is easy and gives you a visual boost every day. If you can’t find pictures, draw or sketch out your internal images. This fun act has already begun the manifestation process simply because now your dreams are on paper.

LAW OF ATTRACTION BUSINESS: Another thing to consider when starting a business from home and using the Law of Attraction is to start a Law of Attraction Business. Just like a painter becomes well versed with painting techniques, so you will become well versed with how to successfully use the Law of Attraction. Successful business people, whether they are starting a business at home or in the corporate world, know how important it is to choose a profitable business model and a Law of Attraction Business can be highly profitable.

LEVERAGING TODAY’S TECHNOLOGIES: When you are asking how to start a business from home and want to work part-time and still maintain high profitability, it is of high value to consider leveraging technologies such as automated online marketing systems that do the bulk of the administrative work for you. Many times, when people think about starting a business from home, they consider doing home parties and keeping an inventory of product available – usually in their garage or spare bedroom. When you harness the power of the Internet for your home business and sell a product that is deliverable over the Internet, you have captured one of the hottest trends in business today.

If you couple the Internet technology with the personal development industry by selling self-help, positive thinking or other personal development products, you will have stumbled upon an industry that is experiencing phenomenal growth, yet be able to keep your life in balance and work part-time.


  1. HAVE A VISION: First, get clear on what you want for your life in general. In other words, what are your life priorities? Then, shop around for a high profit business that resonates with your internal values rather than just doing a business “for the money.” If your heart isn’t in the business, any financial gain won’t be as satisfying as that profit gained from a business where you have a vision and a purpose.
  2. HAVE REALISTIC GOALS: While many home business opportunities rely on the “get rich quick” theme, your best way to succeed is to take it slow and allow yourself time to go through the learning curve that goes with that business, especially if the company has provided an internet marketing system that leverages technology for you.
  3. CHOOSE A HIGH PROFIT HOME BUSINESS: If you are going to spend your time going through the learning curve, make sure the business opportunity is one that pays high dollar amounts per sale versus pennies per person enrolled.
  4. BE PERSISTENT: The only way you fail is if you give up. So keep going!

Want to Know How to Start a Business?

How To Start A Business
Ever dream of being your own boss? Believe you might have what it takes to set up on your own? Don’t dream on…read on!
There’s a reason why you have been looking for information on How To Start A Business. Maybe there’s an idea you’ve been kicking around for a while. It could be anything from running a corner shop or setting up a small community enterprise with a friend – to spotting a brand new business opportunity with a product or service no-one else is providing. You can!
The very first step towards starting your own business needs to start with you. You and your business are intertwined. Your business reflects you and your personality, skills and approach to life; your own personal objectives drive your business objectives. For success you need to be confident, focused, hardworking…all those attributes of entrepreneurs that you read about.
But you can’t just jump right in and launch any old business. The market these days are so saturated with everyone trying to make some extra money. Redundancies being made left, right and centre, so people are using their skills to set up small businesses and offer their service to the targeted market which means that competition is going to be fierce and there is not much room for error.
More and more entrepreneurs are being born out of necessity and not out of choice. Petrol prices are going up, food is going up, everything just seems to be increasing yet our salaries are staying the same. So we are now pushed into making it on our own, calling out own shots and putting 110% effort into making our lives successful.
To make it out there in the business world you need to understand that when it comes to starting a business, the starting line is you! No matter what resources, products, services your business has, without you it doesn’t exist. You can’t win a race if you don’t compete; you can’t win the lottery without a ticket; you can’t make an omelette without breaking eggs; just like you can’t have a business without you.
You are the starting point for anything in your business – whatever your stage of business, whether you are starting, growing or diversifying. The starting point will always be you. So let’s look at what you is and just exactly what you do bring to your business.
You and your personality are made up of your good points and your bad points. For your business to succeed, you need to make the most of your good points: your strengths; and minimise the effects of your bad points: your weaknesses. So you need to recognise what these good and bad points are. You need to develop your self-awareness; identify your good and your bad points so you can make the most of the good and develop coping strategies for the bad. You need to brutally honest with yourself. Be brave and find out how others see you.
How you see yourself may be wildly different from how others see you. If you want to be successful in life and in business, it’s important to get to know yourself intimately and why you behave particular ways in particular situations and with particular people. Only then can you make any changes that you need to succeed. You may be blissfully unaware that people see you as ‘airy’ and disorganised, when perhaps you just have so much going on that you don’t take the time with people or you’re always late for meeting friends or you show up on the wrong day. Perhaps you can’t say no to requests from friends and then when the time comes you have to invent an excuse not to do something.
We all have underlying assumptions and values that affect our behaviour and those around us. We all respond to the expectations of others: our parents, society, and our friends. We all have roles in life, which dictate our behaviours too. You need to take responsibility for yourself; it’s up to you what you do, don’t be driven by what others expect or think you should do.
Take a close look at some of your behaviours and especially recurring patterns of behaviours. If you do not organise your time well and are always late for meetings then you’ll find that business people won’t give you the second or third chances that your friends and family might. You will have to learn to plan your time better, perhaps you always underestimate the time that it takes you to travel somewhere, and never allow any time for train or road delays.
In the business world you need to be very careful. Or perhaps you perceive yourself as more important and that your time is more valuable that theirs, so it doesn’t matter if you keep other people waiting. This is a really bad habit to have acquired, and you need to get rid of it because you are definitely not going to cut it in the business world if you have an attitude like that!
We all experience different challenges, behaviours and circumstances in our life so it is important to be aware of these challenges and rectify them (as much as we can) before we even embark on our enterprise journey.
It’s tricky running your own business and balancing it with your personal and family life and coping with the ups and downs of life and business. You are bound to get knock-backs, failures and disappointments; it’s the cold harsh reality of business. The secret to success is not to let them get you down. Try to bounce back and learn from mistakes – you need to be able to develop a positive approach to your failures, and overcome the myths and fears you may have about the business world. Only then are you ready to tackle your business plan and get your business up and running successfully.

How to Start a Business in Thailand

Thailand is popular for its warm and hospitable society. It is opened to all religions, cultures and even foreign investors. The country’s economic growth has in recent years drawn the interest of most investors from across the globe, each wanting to hit a fortune by setting up a company. The government support, skilled workforce and adequate infrastructure make investors more convinced to start business in Thailand. Businesses in Thailand are governed by a binding legal system that each foreigner must comply with before setting up any type of company.

If you are looking to start up a business in Thailand, here is a process that you should follow.

Request approval of your company’s name
Before you establish a company, you must first apply with the DBD, Department of Business Development for permission to use your preferred company name. You can do this by searching on DBD website to see if your name of choice is already in use with another company. Registering your company with the department in person will cost around THB$20 but online registration if free.

Open a bank account
You must open a bank account to deposit 25% of the business capital as Thai law stipulates upon approval of memorandum of association, Make sure to confer with a reputable Thai business lawyer for appropriate memorandum format. The business is to hold the statutory meeting, and all shareholders are supposed to pay 25% of the registered capital.

Obtain a corporate seal
While the sole documents that need a company seal are the company share certificates, most companies do apply for corporate seal to other documents. The main purpose of doing this is to confirm the authenticity of a particular document. Corporate seals range anywhere between THB 300 and 500 based on the supplier. Most office supply stores usually supply corporate seals after 4 days of processing time.

Register your company
Request the approval of memorandum of association and register your company as legal entity with the PLCR, Private Limited Company Registrar. The application for memorandum application is done only in Thai language, but in case the company’s name is foreign, it should appear in both languages during the application process. The application must include details about the business, its promoters/founder as well as the number of shares. The documents are sign before both the registrar and the lawyer.

Register for taxes
The taxpayer identification is issued with Revenue Department after registration. The value added certificate is then issued and mailed separately. Thailand has very strict filling requirement for businesses earning THB$1, 800,000 and more annually-they must also report each month. The registration procedure is free of charge and takes three days to complete.

Register with Workmen’s Compensation Funds
Register with Workmen’s Compensation Fund at Social Security which is part of Labor Ministry. It only takes a day and no fee is required. The company’s work regulations are filled with district of Office of Labor Protection as well as Welfare of Ministry of Labor. The rules and regulations are usually posted on the premises within fifteen days of hiring ten or more employees.

The WHY of How To Start a Business

How to Start a Business is a big question asked by a lot of people. Why? Well, it is because a lot of people have aspirations of running their own business. It may have been something they wanted to do since childhood, or perhaps something they were exposed to in school, or an idea that came to them while working for someone else. Whatever the reason, starting a business is a lofty goal and knowing how to start a business is the foundation.

There are three basic philosophical questions to answer before starting a business. Of course, these questions are broken down into many other smaller questions, but for our purposes here, we will discuss the basics. They are:

1. The Operation

2. The Motivation

3. The Culmination

First, the Operation. The obvious and most basic question starts here. What is the business? This may seem elemental, but really, it is the most important question. Many people have a plan to start a business. Some want to start a business because the business makes lot of money. Others want to start a business because the business is something they love.

These may appear to be good answers to the first question, but in truth, they are not. Not at all. Why? Because making money is a benefit but doesn’t necessarily give you a life. Doing something you love is a benefit but won’t necessarily give you income. The answer to this most basic question must be something which encompasses both.

Making money in a business that is boring and monotonous is a mistake millions have made. A life of making money in something you have no concern for or even despise will make a bitter person out of you. So you may have money, but if you cannot enjoy the making of it, where is the benefit?

Running a business for a product or service about which you are imbued with passion but can barely pay the bills is an exercise in futility. Ever known someone who did this? I have. They struggle to remain in a business simply because they like the doing of it. These people have confused a business with a hobby. One makes money; the other is for kicks.

The right answer to this most basic question is a business for which you really care or enjoy, and has potential of making good money. If it has both these qualities, it may be the right choice.

The second question in the quest to find how to start a business is the Motivation. What is the motivation for your venture?

In other words, if you had to summarize why you are taking on debt, working endlessly, depriving yourself of free time, and bearing substantial responsibility, what would the answer be? This most crucial step is one which cannot be ignored. Assuming you love the subject, and the business had a track record of money-making opportunities, if you can address the why of your venture you have answered many, many potential questions that will surface down the road.

Do you wish to change something about your world? How about your specific industry? Does the business provide for the particular needs of a specific group of people for which you deeply care? Does it better the lives of people, or does it increase the effectiveness of people?

Whatever the motivation, it needs to be something about which you feel you were created for. It must be “you” to the core. This concept runs far deeper than merely enjoying the subject of your business. It is more about the inner motivation which drives you onward. It is the essence of what the business is about.

If the business you are contemplating is something you enjoy, something that makes money, and something which fills your heart and mind with ideas and plans about how it can impact the world, it just may be the right choice for you.

But there is one more thing to consider.

The Culmination.

The culmination of your business is the peak, the highest point, the “future” of your business. Put into a question, it is: where is the business going?

Someone may love the newspaper industry. They may love to write and edit. They may love to cover current news and tell stories. They may even work in an area of high newspaper subscriptions. But one who would consider starting a newspaper today is most likely ignoring the culmination step.

It doesn’t take a research team to figure out where the newspaper industry is going. It’s not up. It’s away.

For someone starting a newspaper franchise 4 decades ago, the future was bright and that person could make a lot of money if done right. But not so anymore. It might have been a wise goal at some time in the past; today it most likely a trip to failure.

So a substantial consideration in the quest for the perfect business involves looking to the future of the business, and asking the simple question: where is the industry going? While no one can see the future or know if a certain industry will still be here in the days ahead, we can make educated guesses that will greatly influence our profitability.

Some businesses never seem to fade or expire or lose their appeal. And others never seem to last more than a decade. Yet most businesses have a “peak”. They have a period during which they will produce more and have more impact than at any other time.

It is your job to determine with some certainty when that time is. Is it in five years, is it two decades, or is it impossible to know?

If you can take these most basic and fundamental steps and answer these questions with clarity, you will have likely saved yourself time and money and heartache in your search for the perfect business. Knowing how to start a business begins here. And after these first elemental steps are complete, it is then time to move into the more specific questions of tax implications, business entity structures, and other such considerations.

Rhett Kniep is a licensed real estate business broker and building contractor. For over a decade he has successfully worked in the real estate investment business, buying and rehabbing and selling investment homes, commercial real estate, and businesses. He enjoys sharing his learned insights in business sales and development with others.