This book is for those individuals contemplating owning or starting a business. Information contained in Red Pill Entrepreneurship is not meant to cast a shadow of pessimism on entrepreneurship. I love and have loved being an entrepreneur, but entrepreneurship is not for everyone. Over the years, I have felt a need to expose the reality of business to those who are wasting away their lives dreaming of having that “little shop” on the side of the road that they think will make them rich. Not to say that it is impossible to become rich from a new business, but it is definitely requires taking a second look. My hope is that you can eagerly join me in recounting a stream of funny stories and broken dreams of multiple entrepreneurs. Understand these stories not as bitter rants of failure, but as grand learning experiences. Learning from such turbulent experiences will facilitate your building of a bigger and brighter future for yourself. In short, setting foot on the right track now will allow you to finally live your dreams, or to change your dreams before it is too late. Be prepared before the hand of reality smacks you senseless.

Your Dream

To begin, I want you to participate in a visualization exercise. Vividly think about your dream to buy, start or join a business (in reality, this exercise can be done for any dream). Close your eyes now and imagine that dream in detail. In essence, dream your dream. To help you get started extracting detail from your dream, start imagining the individual components. What is the main goal of your business? What is the product or service you are selling? Does the image in your mind consist of a large office with modern furnishings, secretaries and assistants, and maybe a large boardroom with suit-clad business people negotiating a million dollar contract? Or, does your visualization include a restaurant, retail store, etc.? Each of your dreams should be highly detailed and include imaginations similar to my colleague Tim’s.

Tim was a restaurant entrepreneur who imagined walking through the door of his eclectic restaurant with waiting customers filing out into the parking lot. He imagined smiling at polite employees churning out thousands of dollars worth of food and pouring over a front-page newspaper feature that entailed his restaurant’s success in the local newspaper. Perhaps you are not visualizing so much the details of the business, but what you stand to gain from the future business. For example, does your dream include buying whatever you want and having a comfortable life? Some dream of having the prestige of talking about their business with friends and acquaintances. Others find motivation in proving their success to naysayers who have opposed or have been cynical about their business aspirations. Regardless of your dream, the act of dreaming is healthy. Dreams allow us to achieve greater things. As in all facets related to success, dreams need direction and some logic. So, let us develop a map for your dream using the information provided within Red Pill Entrepreneurship and establish some logic, if any.

Dream Or Medium To The Dream

In order to establish a direction for your dream, ask yourself the following question. “Is having a business your dream or is having the benefits that are commonly linked to business ownership your dream?” The idealistic benefits generally associated with business ownership for the average person consist of more money, more free time, more freedom, etc. than one would presumably have while working for someone else. Why is this distinction between your dreams focused on the benefits of the business or the business itself important? The answer to this question will determine your levels of satisfaction and success associated with owning a business. A true entrepreneur is one that loves his business and accepts the benefits and consequences. Many of us just want the benefits. If you are still unsure of your answer (benefits vs. love of the business), hopefully you will find your answer through Red Pill Entrepreneurship. If you are sure of your answer, hopefully Red Pill Entrepreneurship can still give you more information to increase your chance of success.

While dreaming, it is common to overlook present opportunities. Rather than improving current situations, dreaming entrepreneurs often look for change. Hence, this benefit vs. business distinction is especially important to those (want-to-be-business-owners) who are looking forward to just the benefits of a business. Change can be beneficial while trying to increase energy and passion, but you must be careful while initiating change. Oscillating from opportunity to opportunity can be detrimental. Each time one initiates change, there is a loss of focus and a need to start over. Carefully consider whether a business is the way or a way to achieve your dreams. If not, assess what improvements and changes within your current scope or situation may be a more feasible approach before setting out to turn your life upside down. Do not be afraid to change the medium of your dream! Life is too short to jump around from failure to failure.

The Scope of Red Pill
Assuming that you have decided on owning a business, the experiences and advice contained within this book will be invaluable. Red Pill Entrepreneurship gives an interesting perspective on some areas of business organizations commonly overlooked (consciously or subconsciously). Some may find that they have been focusing too much on the dream of having a business and that all they really want is more money and more freedom. These people will read some of the points within Red Pill and rethink their timing, preparation, and motivation behind owing a business. While others may find that owning a business really does suit them well.

The chapters of this book begin by assessing the motivations of having a business and follow through with key components of business ownership. Application of the information provided could determine the shaping of the rest of your business career.

In an attempt to fully analyze the reality of your business dreams, write down, in as much detail as possible, your dream, as previously tasked to envision, in the space below.

In general, if your dream can be achieved in a day, week, or month then you need to rethink your dream. Small, easily achievable goals are only practical if they aim toward a larger, long-term accomplishment. Throughout this book, this larger goal will be assessed. It has been said that you should shoot for the stars and you will capture the moon.

Hard Fact: Just because a certain dream enters your mind, there is not anything that says that you should strive to attain it. For example, I once thought I could sing, but it does not mean that I should or could become a rock star. Fame of being a rock star may have been appealing, but singing is definitely not the way to achieve success for me. Trust me and trust all of the broken ear drums from my attempt at singing.

Benjamin David Lee
http://www.redpillentrepreneurship.com

Benjamin was born in Salt Lake City, Utah. He spent most of his life in Oakley, Utah where he was influenced by a large amount of migrated business owners. Despite being from a small town, Benjamin always had a love for commerce in general. From a young age, there was no question on the direction he was going to take his life. Over the years, Benjamin has owned several businesses which include Federation Marketing LLC, 5 Buck Pizza of Holladay, The Red Room Eastern European Cuisine, and Foamiture of Utah.

Benjamin completed his higher education by receiving a Bachelor of Science Degree from the University of Utah in Business Administration, Cum Laude. Benjamin is currently the Vice President of Customer Relations at an Excess and Surplus Insurance Company. On the side, Benjamin is a consultant and has presented twice at nationwide RPG annual meetings. He loves speaking with everyone about business and also likes to team up with other entrepreneurs. He has been a finalist for two separate business plan competitions over the last few years. Benjamin also has international experience through his business internship in London, England and a service organization in Kiev, Ukraine.

Benjamin is looking forward to his next book that deals with reality that we are all salespeople. The release date is projected to be in 2011.

Article Source: http://EzineArticles.com/?expert=Benjamin_D._Lee

The first draw I believe is the most tempting reason from them all and that is profits.  I like to compare profits to politicians, the number one reason politicians who are in office run again is for re-election.  The number one reason for entrepreneurship is the potential for unlimited profits.  This is true but I feel as though the use of the word unlimited is over saturated because in order for one to seemingly fall into that category you need to have a product that is revolutionary and can be used worldwide such as McDonald’s.

The next allure still stays with my original intention, which was freedom.  Many people want that freedom of autonomy and the freedom to make a decision and not have to worry if it will cost you your job.  This is great to have but one must remember when you have a business yes you do make decisions but if you make one really bad mistake it could cost you your business and in that situation your livelihood.

The last big allure of entrepreneurship is taxes.  It seems as though in business one can almost write off anything.  With taxes one is able to make there business an entity free from the entrepreneur making the owner not liable for anything bad that goes on in the business.  This is huge because this can shield entrepreneurs in some cases from being sued for everything they have.  Also in entrepreneurship taxes are generally lower and with the help and advice of a CPA one can find ways to make a cheaper tax bill at the end of the year.

With that of profits, freedom and taxes entrepreneurship has been an arena that to this day continues to attract people by the millions every year.  However it is vitally important that one knows what they want to do and know deep inside them that they too can succeed because with a business venture comes great risk and if one fails then they can find themselves in financial ruins.  I’m an advocate for entrepreneurship I just believe that you need to be prepared and to remember this single quote that I live by.  It’s this “If you want something in life go and get it period”, if you can live by this when starting a business then there should be no reason why you can’t see success.

I am a young Entrepreneur who is hear to provide some personal insight on varying topics ranging from entrepreneurship to reviews on topics of my liking. I enjoy voicing an opinion on a topic and then engaging in some form of dialogue with others to encourage debate. Please fill free to leave a response to any of my articles. If your an Entrepreneur at heart as well you might find my website provides great entrepreneurial information and might just enable you to do the same as I. http://bestwealthcreators.com

Article Source: http://EzineArticles.com/?expert=Serrgio_Wilson

It is every American’s dream. To own and operate their own business, to be their own boss, to be in charge of their life! Every new business is started by someone who gets an ‘entrepreneurial seizure’. That is, they believe they have an idea for a service or product that is better than, faster than and of better quality than what some others can do. In a fury, they quit a job and start their own business haphazardly and end up getting in a jam because they didn’t follow the natural order of beginning their own business. This article will explore what those steps are, and how, if they are done correctly will greatly benefit the one taking them.

•I. Check your State’s Business Website for possible conflicts in naming your business.

When you choose a name for your business it should be unique, and yet say something about what you do. Some have chosen the route of using humor to get their point across. “The System’s Down” for a computer repair business, “He’s Not Here” for a bar infamous for refusing to tell wives where their husbands’ are. What you don’t want to do is give your business the same or almost the same name as another company. Check the local sites and make sure you can legally use the name you choose.

•II. Get your EIN number.

It’s as easy as logging on to the IRS.gov website and filling out the online form to receive your EIN instantly, don’t check the box to wait for it to come in the mail, you want to get started ASAP, so make sure you get the number and print the page it appears on. You will need that number before you finish any of the next steps.

•III. Incorporate your business. (What forms you will need.)

In order to incorporate correctly, a lot of people have used online help. It’s not cheap, but it is far cheaper than the possibility of making a mistake and having to dissolve a new corporation and begin again. Unless you have done this before, you can leave it to the experts and skip a few of the next steps entirely. The next question is what kind of incorporation do you need? You have two choices for an incorporated business. There is the S-Corp, by far, the most popular option because of the taxation advantages. And then there is the C-Corp, which does have its own advantages which the double taxation drawback can sometimes more than makes up for. The other option is not incorporating at all and sticking with either a sole proprietorship or partnership. Both are easier to deal with at year end and cheaper to get taxes prepared but can leave the business owner open to getting personal property taken if there were a bankruptcy or lawsuit. In my humble opinion, the form of business with the most headaches is a partnership and the best form is the S-Corp. But that’s just my opinion.

•IV. Create your Article’s of Incorporation.

The cheap way to do this is to cut and paste another corporations’ Article’s of Incorporation and replace their name with yours. You can do this legally, but as I am not a lawyer, I would take the safe road mentioned previously and get an expert to do it for me.

•V. Create your company’s Charter.

Let’s face it; before I started my own business, I wasn’t sure what someone would be looking for in a Charter. It basically spells out the days for board meetings and who will succeed who should there ever be a vacancy. Again, I would prefer to put something like this in the hands of someone who does it regularly as they will know who to ask what and put it together for you professionally. A lot of online services have popped up; make sure you deal with a reliable one if you go that route.

•VI. Open your business bank account.

his is the step that most people START with. Then they learn that the business name they chose is taken, or that now they are incorporated, they need a different kind of bank account. The most important thing to remember with the business bank account is that it is supposed to forever be separate from your personal accounts. This is to protect the corporate veil, i.e. that layer of protection afforded to you in a potential lawsuit.

•VII. Register with the state to pay for unemployment taxes, sales taxes, etc.

Each state will have its own site to pay taxes online, in Florida; before you register you are given a brief quiz about the kind of collecting you will do in your business. Are there vending machines involved or fuel subsidies? Etc. Most businesses will only have to worry about the SUTA or State Unemployment Tax. Paying online is important as the states are usually stricter than the federal in collections. Fines and penalties are what build a lot of bridges in this state.

•VIII. Register with EFTPS to pay payroll taxes online.

Every pay day you have, you must set aside half of your employees’ payroll taxes out of your account and half deducted from your employee’s pay, along with the Federal Withholding. Using the online payment option at the EFTPS site means you won’t have to be sending checks that could get lost or late. Register now even if you don’t have employees yet and get your internet passwords written down.

•IX. Build your company’s website.

These days a company without a website is not a company. Simply put, if you cannot point potential customers to a site featuring your work and some information about your business, those potential customers will go elsewhere. The internet today is what the Yellow Pages were 20 years ago. Often, if you get email, your internet provider will give you internet space for free. For example, EarthLink will give you a certain amount of space for free, and using the Trellis builder allows you to build, change, and update your site easily. Go to a hosting site, such as Go Daddy and pay for a redirect to your email free site. (Don’t pay for the hosting, just the redirect!)

•X. READ articles on promoting your site through QuickBooks, Google, and Yahoo search engines.

I don’t know about you but my Yellow pages books are under my old couch, holding it up where the legs are uneven. When people are looking for services today, they use Google, Yahoo, or Craigslist. A lot of advertising can be done through your QuickBooks software by clicking on the Google Marketing Tools icon. Read all you can about successful people using these sites. It is not necessary to pay for a pay per click campaign when you use some FREE common sense steps to market your business to your clientele.

•XI. Start your marketing campaign. (Business cards, postcards, etc)

If you are struggling to put together the green after paying to incorporate, etc you may not exactly have the ability to market your business with essentials. (Business Cards, Post Cards, Brochures, etc.) All of these can be found for reasonable prices online, I use Vistaprint as the specials they have with 250 free cards, 500 free postcards, etc have filled out my marketing ammo for nothing but shipping. I prefer not to use the Office big box stores as they don’t sell quantities less than 5000 and I took a while to find a professional design that worked for me, you will too, don’t worry about that.

•XII. Build your clientele.

Remember that if you are following this step by step, you are still gainfully employed somewhere. You have to build a clientele slowly, possibly spending your first year as a part time corporate president, until you have enough regular clientele that you can comfortably ease up on your day job. Your clientele are more than just a source of immediate income, they have friends, relatives and neighbors that you don’t have. So on to the next step.

•XIII. Ask your satisfied clientele for referrals.

A satisfied client can gloat on you; just make sure that you deliver the goods when they do. Then, you have two satisfied clients. Ask them to fill out referral forms so you can tap into their market and do the same for them as well.

•XIV. Finally, as soon as the money is rolling in regularly quit your day job.

You didn’t start this business thinking that you want two jobs forever. As soon as you can pay your bills comfortably, and perhaps have somewhat of a surplus in your business account, fire your boss! Use the spare time you have now to promote your business and its’ services with the following tips.

•1. Join a local chamber of commerce. – My membership at the Kissimmee chamber has paid for itself a hundredfold and more. Become an active participant and join a leads group. You will get more clients out of the relationships you make than you will in making a hundred sales pitches.

•2. Join a BNI – like a chamber of commerce, just less formal.

•3. Volunteer time (or services) at the local YMCA; sponsor a team with shirts or equipment.

•4. Spend that extra time you have with family, because as busy as you may get, you want to have the joy of watching your kids grow. And if you don’t have any kids, spend that extra time in making yourself more successful by taking time OUT of business and reinvigorating yourself. Take classes, go to seminars and LEARN!

Conclusion

Success is not a goal for the future. It is a journey, doing something you love doing and getting paid for it. I’ve met many a wealthy person who would trade it all to take that risk they never took and enjoy their lives and work all the more. Good luck all of you.

About The Author

Homesoon Accounting, ten years experience in tax prep, bookkeeping and fraud prevention, located in Kissimmee and servicing St. Cloud and Orlando areas. Call David Roberts for help in Quickbooks, tax preparation or fraud prevention at 407-968-5241

The Two Factors That Are Holding People Back

The two psychological factors for the massive rate of quitting even before starting, there seems to be two important things which are holding people back. One is fear of failure and the other is fear of criticism. Those, who are prisoners of these two fear factors, should realize one thing, that the people who are criticizing you won’t help you in the hours of your need. To be successful you have to choose your own destiny and should not allow others to steal your dream.

The fear of failure dominates one’s mind because of the failure rate in conventional business and the stress and strain and risk associated with business. That’s why only 5% of the population are into business and the rest is going after job, fulfilling somebody’s dream. People who are lazy and not willing to take risk and those with hypocritical mind set deceiving themselves that they have no ambitions, are the people who are going after job. Today’s competitive world and demanding job responsibilities take away the security aspect from the job. You have to be on your toes always and it has its own side effects on your health. It is not that, only business people are experiencing stress and strain. Among job goers, even people in their 30s are having diabetes, heart problems and so on. The hard fact is that you can’t become rich through job and ultimately you will end up with a debt serving career.

You need to harbor business mentality and throw away the fear psychosis, to be successful in your business venture. Realize that job is also associated with stress and the risk of losing your job when you are in your middle age facing a huge commitment. Another important point you have to implant in your mind is that starting and doing an online business is not risky as you need only a minimal investment. No stress and strain factor as you can pursue your online business in your spare time without sacrificing your regular job or business. Making your mind clear over these facts will take away the fear psychosis and procrastination will take a back seat. The sweet part of online business is that it is so simple to start. See the facts:

No huge investment needed

You can start with $0 through affiliate marketing and network marketing

You need not have your own product

You can do it at your flexible time without affecting your regular income

No risk as there is no huge investment

It costs you a small amount, if you want to have your own website to promote your product or affiliate product

Many free sources are available to guide you

Explore The Internet Revolution

Now the internet world has plenty of opportunities to explore to your advantage. It will be a costly mistake of your life if you choose to remain outside and not taking on the business opportunities of the internet world. The network marketing had changed the concept of business in 1960s. It had taken the corporate world by storm and it emerged very strong overcoming the hurdles created by the corporate bigwigs. It enabled even a common man to start his own business through a minimal amount, not over $100 in most cases. But it took almost twenty years for people to recognize it as a viable business alternative. Network marketing is easy to start and is a powerful way of achieving your financial freedom. But as in any field, success requires consistent and persistent efforts on your part. So at any stage don’t quit by hearing what others say. By pursuing your goal you have nothing to lose but more to gain. Remember that 95% are job goers and the common mind set people possess. It is natural for them to criticize everything and make mockery of other’s efforts to get out of the common mindset. You know the surprise fact that network marketing is creating 30% of the world’s millionaires, every year.

Accept The New Reality

Any business which ignores the changing environment can do so to its own peril. E-commerce became the buzz word when the internet has changed the way of shopping. Realizing the need for change, the network marketing companies quickly added e-commerce facility to their business models. You can sign up online and the sell the products of your company online. You need not stock products. The shipping and payment collection will be taken care of by your company and you will be paid for your efforts of referring people. The companies discovered that online business model was cost effective and they were able to cut down their over-heads.

Affiliate Marketing As Another Online Business Opportunity

Affiliate marketing is another way of starting your online business. Most companies offer affiliation free of cost. Just sign up their simple form and start selling their products. You will be paid a percentage of the sales price for your effort of referring the customer. After signing a link will be provided to you and for sales made through this link is accounted for you. Though affiliate marketing or net work marketing does not need a website of your own, it will be prudent to have one. Redirect your referrals through a link from your own site to the concerned affiliate marketing product or the network marketing company’s website.

Getting a domain name for your web site and hosting it, is not a costly thing. It costs you only a small amount. As said above there is no huge investment and thus no risk. After owning a website start your advertising campaign on a small budget. Analyze your advertising effects and change according to the conversion you get. Choose the right company and the right product to promote. Having your own website will help you to put your online business on a auto pilot mode.

Author Message: If you have the will and burning desire, there are lot of opportunities on the internet. Not just planning but doing things is the progress. You have to believe that you can be a successful online entrepreneur and achieve financial freedom. Throw away skepticism and fear psychosis. Getting started is the first step you have to take. Always remember that online opportunities are the best way of starting a business with low investment and more or less no risk factor.

About the Author

The author with no previous business exposure is a home maker turned
online business owner and she is successfully pursuing her online ventures. Free Store Club Phase 2 | Free Store Club Home Based Business