We all know the importance on insurance and the implications of what would happen if something serious was to happen to our health and well being. But many of us dont have a revelation of what the actual impact of such a major trauma would be.

This video is a real life story of a successful chiropractor who’s working life was cut short due to a terrible incident. This proves that ‘you never know’.

Do you have a similar story to share?

PD

I’ve written about it before, that you should think outside of your day to day job. Is there an idea you have had for a while and haven’t taken it to the next step? There are so many uncultivated ideas out there, and all they need is a little ‘push’ to get it going. It isn’t hard. ust a little determination, and a little ‘drive’ to se your vision executed.

Right now is the best time to launch a business, whether it requires funds or not. If you never try, you’ll never know. Here is a quick video made by an American company, but the message is still very clear. “Remember when you were a kid? You could do anything. Why does thst have to change?”

LINK HERE: Remember when you were a kid? You could do anything! What\’s changed?

If you do have an idea, make sure you see it through. What’s the worst that could happen? It won’t work?

Also see my other post on the essentials to starting a business.

PD

This year may be a time when many people lose jobs or hours are cut back. But it will also be the year when many people take advantage of their situation and start a business. It’s the ‘Year of the Entrepreneur’. You may have a great idea stored in the dusty back blocks of your ideas closet, which could turn out to be the next ‘Liquid Paper’, or ‘Babcock and Brown’, or even the next ‘Leggo’!

Before you turn an idea into reality, you have to get all the essentials sorted out. Here’s the essential 5 things to starting a business.

1) Register your business name. This can be done at your government registrar office. For Australian Residents, you will need to register the name at the Office of Fair Trading in your relevant state.

2) Register your domain name. Try and pick a name which can be remembered. Not too long. We have a few called protectmywealth.com.au and protectmyloan.com.au and protectmytrade.com.au and of course askaboutmoney.com.au. So I try and keep them simple and easy to remember. If you are going to branch out, be sure to try and keep a constant theme like I have with the ‘Protectmy’ series.

3) You need to host your website. I’ve found that the best priced and most reliable for all of our sites is Webhost4life.com They have probably the cheapest hosting package around, and if you get stuck with a technical issue, they will get back to you within a reasonable time frame. Just click on the ‘Windows Hosting’ and choose the $4 per month to start. This will more than cover your traffic for quite a while.

4) Designs/Brand. Unless you already have a logo or a brand, such as a designer brand to market, chances are, you haven’t looked at doing the actual designs for your brand. It’s always best to do it straight from the start. Otherwise, you will end up changing it down the track when you realise you don’t like the ‘cheap’ look anymore. Sometimes, designers can be very expensive, but overall, they are worth every cent if they come up with the right designs. If you have no money at all to spend, then a graphic designer probably isn’t going to cut it for you. So have a look at Guru.com. It’s a bit like a services eBay where you can request what you want (designs, sales, technical help), and some companies from around the world will bid for your work.

That should give you the fundamentals of starting a business. Then, go ahead and read as much as you can, make plenty of mistakes (because that’s how you learn), and enjoy it. If you don’t enjoy it, why the heck would you do it?

PD

Churchill once said that when you are at the top, you only have to think about policies. When you are number two, you have to think about what your boss is thinking, and what your opposite number is thinking, before you begin to think about policies.

Start your own company, then you can have control of your own destiny. It makes you number one from the start!

In today’s digital age, there is no time better than to look at starting your own business. Whether you’re into making things for others to buy, or buying a selling, or even dropshipping if you like!

The media is constantly telling us that unemployment is set to rise to 7%, which is it’s highest in over 30 years. This can breed fear into people’s lives, and it doesn’t always have to be that way. If you had something ‘on the side’, you can start to learn about how to secure your own lifestyle. I ask many people why they don’t go out on their own. Their response is generally ‘I like the security of being employed’. If you’re thinking like that, you have got it the wrong way around! If you’re employed, who is in charge of your earning capacity? Your employer. Who is in charge of whether you get a payrise next year? Your employer. And who is in charge of whether you are sacked due to ‘market conditions’? Your employer. No matter how good you may be, or how valuable you may be to your employer, son’t underestimate how easy it is to dismiss your position.

A great way to start a business is to start something that you are interested in. You will never get bored or lose motivation on something that you are either passionate about, or just simply love. Nudie Juice is a perfect example. Tim Pethick developed a taste for fresh fruit juice with no preservatives, straight from the bottle while living overseas in the UK and US.

When he got back to Australia in 1999, he found he had to make juices at home to feed his habit as there was nothing similar in the Australian market. Frustrated that he simply couldn’t go out and buy fresh bottled fruit juice, Tim decided to do it himself.

Nudie products hit Australian shelves in January 2003. In the process of creating the nudie products, Tim became a fruit connoisseur, learnt all about manufacturing and the retail industry. Despite a factory fire in early 2004, the nudie brand has continued to flourish. With almost $12 million in annual sales, it has also announced export contracts to New Zealand, Singapore and Hong Kong.

Your small business may not reach the milestones of ones such as Nudie, but if you don’t try, how would you know? All you need is an idea. What’s yours?

PD