Realty, A Good Business Idea?

May 1, 2010 I and my wife purchased our first house. We are only considering it as a lot purchase because house is and old and due for renovation or complete replacement. Being an old house the properly price is quite low that we consider it a blessing. Our next step is to save money for house construction. Yeah! we are replacing it.

Now here is the business idea. To buy these kind of properties (old house in a good location) via bank financing then renovate the house and sell it for rent to own scheme.

here are the pros I am thinking:

1. We are able to help others by the rent to own schema and like financing for them to get their own house.
   
2. Cash flow that will allow me to get rental actually higher than standard because of the scheme. Cash flow that will allow me to acquire more properties.
3. Guess I also get good reputation form the bank.
   

and here are the cons:

1. Lessee's capability that finish the contract.
   
2. A bit higher monthly payment.

Is this a good Business Idea?

Bookkeeping for Starting Business

After you’ve started your business one of the most import thing to consider is the “Accounting” and more specifically the “Bookkeeping”. This vital to a company to keep records of its assets, liabilities, income and expenses. Company can’t do much with financial support and that is a fact.

Thanks for a fiend who shared his “Basic Bookkeeping Courses” at least I can start with bookkeeping.

Basic Bookkeeping Courses.com is a total bookkeeping website complete for everyone interested in bookkeeping:

1. currently working bookkeepers looking for a new job or interested in start a small business
2. those looking at bookkeeping as a potential job or business in the future

There is a lot involved in the bookkeeping area and because there is great importance in this field there is an ongoing jobs available and training required.

As far as career prospects it is a great area to be moving into if you are passionate about it ... because there are a lot of people out there that are not interested in Bookkeeping and that is why there is always going to be potential for jobs and opportunities.

Read more: Basic Bookkeeping Online

Starting a Website and Soon Become a Business

Starting a Website and Soon Become a Business
Our family business is Narra Furniture. Customizing wooden narra furniture is our expertise. It has been in the business for around 15 years but would you believe that it just spread by word of mouth? I was in grade school back then and no idea of what internet can do.

Ok so last year I decided to create the website for it, I was just playing and simply trying to do things, no pressure at all.

Here is the list of ideas I wanted for my site:

1. Simple
2. Narra Furniture showcase
3. I want blog, so I can write about it, which I guess it is easier to update

After a couple of months I started to get some income thru the site and I was very happy about it. Initially I tried Amazon affiliate, it was ok but I guess Google Adsense is much better as I don’t do much of marketing of my site. After realizing that there is money on the internet I started learning anything I could about Start Online Business and Marketing.

I then realized that we really need to put our ideas into action and you’ll be surprise how powerful you are. :)

Starting Business Power Questions

WOW! That is a good business idea!
How much can we get out of it?
How much is the initial investment?
That is quick money for me!
I can do it easily!
I can hire somebody to do it for me.

Sound familiar? Those lines were my bases for a new business to do. And because of that I had many small businesses that failed just before my eyes. It’s because I had wrong principles on choosing a business opportunity.

Take note guys, I am not yet a business tycoon but with my business principles I know its not too far for me. Now every time I feel and see business opportunity I immediately examine myself with below my new business power questions.

1. Am I good at it?
2. Will I be happy doing it?

If an only if I get two YES answer to those questions then and only then I consider business opportunity.

Those are simple but powerful questions that now guide me to my success.

Have you asked yourself with those 2 power question? If you’re not good to that field you’ll surely fail and also if you’re not happy doing it then you’ll definitely loose interest to the business.

Ask yourself and start your own businesses!