Becoming a Fifty Plus Entrepreneur

Older Americans are quickly becoming this country’s newest entrepreneurs. The United States Department of Labor reports that 7.4 million baby boomers are newly self-employed. This figure is expected to climb, as more people will retire from one job to start a new one. Others may lose their jobs, and yet some will search for the flexibility and independence that being self-employed can bring. Robert Litan, vice president for research and policy at the Kauffman Foundation in Kansas City, MO states that he believes that over the next ten years, there will be an increase of fifty, and sixty-five year olds who will join the ranks of the self-employed.

The question arises as to whether it is wise to start up a new business at midlife. The whole situation can be an eye opener. What may start out as a kind of hobby job, may prove to be overwhelming or cause burn out in just a few years. The Small Business Administration reports that sixty-six percent of all new businesses do survive after the first two years. After that, forty-four percent survive after the first four years. Older Americans who finance their new business with their retirement funds or savings, will find it extremely difficult to recover the financial loss if the business goes belly up.

 

It is suggested that older Americans ask themselves how much of their retirement fund or savings are they willing to risk trying to increase their income in their later years. Another question would be investors need to ask of themselves is how much time are they willing to invest in their new enterprise. Starting their own business can also consume a lot of their time, energy, and stamina.

 

Experts offer a compromising solution for those not quite sure of how deep they want to dig into their savings, but still want some kind of self-employment. Invest in a fairly low-end business that has already been established, and is known to have a good track record. In this way you can examine the company’s financial records, making sure it has a positive cash flow with room for growth if needed. Sometimes new owners may just be what an existing business needs. Fresh ideas, along with motivation may give that business a brand new start. Especially if the previous owners were suffering from burn out.

 

Buying a franchise is another option. You can benefit from the corporate training and support. However, there are some drawbacks. These may include franchise fees, royalties, and rules that may include only certain products can be used or sold. Therefore, the profit may not be as much as hoped.

 

The important thing to remember before starting your new venture is to do some thorough investigating about the laws and everything else that will be involved in your new venture. Also, do some very deep soul searching before making a final commitment. Do you really have what it takes?

Famous Entrepreneurs of Our Times: From Donald Trump to the Ice Cream Kings

If you want to be a successful entrepreneur, it doesn’t hurt to pick up some insider entrepreneur tips from famous entrepreneurs who have already tattooed their name on the business world. There are many not-so-famous entrepreneurs that no one has heard of today, but some of the best lessons on becoming a successful entrepreneur are taken from very well known famous entrepreneurs. Here are some important entrepreneur tips drawn from famous entrepreneurs of our own times.

 

Famous Entrepreneurs: Duke it Out with Trump  amp; Rosie

 

Whether you were taken in or completely turned off by the bitter feuds between Donald Trump and Rosie O’Donnell in recent years, you have to admit there are some entrepreneur tips to take away from these super famous entrepreneurs. You may not have cared to watch them on TMZ or listen to their scathing comments on the radio, but you will want to pay attention to why these famous entrepreneurs chose to publicly humiliate one another despite their already successful entrepreneur careers.

 

(If you don’t know what this feuding was all about, click HERE to catch up.)

 

Donald Trump has built a massive real estate empire catering to the wealthiest class of society while Rosie O’Donnell has fought her way from chubby little known TV personality to a controversial figure with more than enough money to support her arts and crafts addiction. These two famous entrepreneurs couldn’t have anything less in common, but when they started tearing into one another on national television and later through every available media, they brought a lot of buzz to Trump’s television show, Celebrity Apprentice.

 

Don’t worry about poor Rosie. She got her fair share of the attention as well.

 

You may not be a celebrity, but you can learn something from these famous entrepreneurs. In order to gain exposure as a successful entrepreneur you sometimes have to kick up the dust and throw it in someone’s eyes. You don’t want to start dirty wars on message boards, but you can find other ways to be a little controversial, step on a few toes, and get people talking about you.

 

If no one is visiting your website, making the bell over your front door ring, “friending” you on Facebook, or dialing your digits on their smart phone, then you need to take lessons from these famous entrepreneurs and create some buzz. It doesn’t matter so much what they are saying about you or how annoyed some people get at hearing your name for the ump-teenth time. As long as you know your stuff and get the buzz with thought and creativity, just getting them talking is key.

 

Your first attempts may be more like momentary blows of dust few people notice, but keep trying and you may bring a mighty sand storm of exposure that helps you become the successful entrepreneur you want to become. Just be careful where you throw the sand!

 

Famous Entrepreneurs: Ben  amp; Jerry Put a Cherry on Top

 

Ben Cohen and Jerry Greenfield paid five bucks to learn how to make ice cream so they could open their own ice cream shop in the late 1970s. There are quite a few things you can learn about becoming a successful entrepreneur from these famous entrepreneurs:

 

  1. According to Daniel Richards’ account of the history of the company, these famous entrepreneurs chose a college town which didn’t have an ice cream shop for their first opening. A successful entrepreneur knows their target market well and finds a spot void of competition so they have a fighting chance to get started.

 

  1. On their first anniversary, these famous entrepreneurs opened a completely free film festival to the local community and dished out free servings of their ice cream one day a year. A successful entrepreneur sometimes must give something of value away to get something of value in return (repeat business). These traditions continue to this day and are a proud part of Ben  amp; Jerry history.

 

  1. These famous entrepreneurs are now known for some of the most creative ice cream flavors available anywhere and are always coming up with new ideas. When everyone and their mama is serving up vanilla the successful entrepreneur will come out with Dublin Mudslide or Oatmeal Cookie Crunch.

 

It isn’t easy prospering as a successful entrepreneur, but think of Ben  amp; Jerry opening that ice cream shop with only a five buck course to their credit. Think of Rosie  amp; Trump eating the sand as the cost of massive exposure. These famous entrepreneurs may be annoying with all their successful entrepreneur brands and bitter feuds. That shouldn’t stop you from learning something from the business savvy decisions that have made them famous entrepreneurs.

 

Home Shopping Can Open Purses for Entrepreneurs

One marketing strategy is to consider introducing your product on a television-shopping channel, which gives entrepreneurs like you an opportunity to sell to a nationwide audience. About 80% of these shoppers are female-a primary target for your kitchen product. The Direct Marketing Association reports that shopping channels generated $5 billion in sales in 1996 and projects a growth rate of 10% per year.

Live shopping shows are a sales outlet that never closes, allowing customers to shop at any hour and purchase via telephone or computer. Shopping networks accept new products that have never sold before-if you can prove that your product will sell. It is critical to research your market carefully to determine that potential customers nationwide want your product and will buy it at a specified price. You must be able to convince the network that your product will sell, as they take a risk by purchasing your product and investing time and money producing your sales spot.

 

Remember to check out the competition. You may find that someone else tried unsuccessfully to sell a product similar to yours via electronic retailing/home shopping malls.

 

The trick is getting your product accepted by a live shopping show. Highly demonstrable products, which make one’s life easier and have mass appeal, are more likely to be selected, especially if you can show a dramatic before-and-after affect.

 

Television shopping malls select products based on quality, uniqueness, appeal, currency, and demonstration capabilities. Most have in-house quality-assurance programs that inspect each product and representative samples from each shipment. Since they provide a 30-day unconditional return policy, these malls must be certain that you manufacture only top-quality products.

 

If they are interested in your product, you will begin to negotiate sales terms on each order, including quantities, shipping or pickup dates, payment and credit terms, return policies, and so forth. The level of risk associated with your business and product along with your operating history, size, and other factors all come into play in how terms are negotiated.

 

Once your product is accepted, you must be ready to do business and have large quantities available for the network’s warehouse. Most complete orders ship within 24 hours of purchase, so the merchandise must be in the retailer’s warehouse and ready to ship immediately. Also, you must have enough capital to sell to the television network channel and wait for payment. There may be a significant delay after the time you sell your product until you are paid.

 

Networks bear the expense of preparing the spot for your product. Designers create attractive and eye-catching sets from which merchandise is displayed on the air. Program hosts give demonstrations. Spots typically run from 6 to 10 minutes.

 

One of the largest leading round the-clock television shopping channels is QVC. Call 888-NEW-ITEM and ask for a vendor kit to learn how to submit your product for consideration.

 

Another leading television shopping channel is Home Shopping Network. Its vendor kits contain prequalifying questions regarding what your product does, unique features and benefits, price, market-penetrating strategies, and why the network should purchase your product. For information and to receive a vendor kit, call 800-436-1010.

 

Television shopping networks are constantly looking for new and innovative products to sell. Product categories generally include electronics, cookware, jewelry, sports and exercise equipment, apparel, health and beauty products, books, videos, and music. Ask each about its vendor fairs and trade shows.

 

According to Leisure Trends Group Gallup Direct Television Study, 35% of viewers of live shopping shows purchase a product using a toll-free number, while 30% purchase a product seen on a live shopping show later at retail or through a catalog. These buyers are the most price sensitive of electronic retailing, with 17% saying they purchased because of a good price or a good deal, or because they liked the product.

 

Television shopping channels provide entrepreneurs who’d like to market their new products-immediately and on a limited budget- with an excellent opportunity to sell nationally. For a cohesive marketing strategy, it is important to use direct retailing in conjunction with other marketing efforts.

Teaching Children to Be Entrepreneurs

We all want what’s best for out children, we want them to have every edge over the other kids in their class, so we try to teach them our wisdom and instill them with morals. We would all like our children to do very well with money and become very rich someday. One of our duties as parents is to teach our children basic life skills, and one of these important skills is learning about money, but it is often ignored and overlooked, and children are handed money and do not know how to use it, so they end up blowing it on something useless.

Quite often we hear from people that their parents never taught them about finances, and we really should not repeat this mistake with our children. If you are lucky enough to have a home business, or business elsewhere, let your kids be involved in some of the inner workings with the business, where the money comes from, how its spent, give them some chores to do. This will help them understand how businesses work.

 

If you are not lucky enough to have your own home business, perhaps you can encourage your children to be entrepreneurial in other ways. A coworker recently told me that her daughter had setup a lemonade stand, and I know another couple of young men who are barbers in training looking forward to the day that they can charge people for hair cuts. Perhaps someday they will create their own barbershop, rent chairs in a weekly basis and collect the money as it comes in.

 

If you know anyone who happens to be a banker or investor, ask them if they would be willing to give your children a tour and perhaps teach them a little bit about investing. Often times this will excite your children into wanting to learn more about investing. You can also motivate them with some money to invest. If your children get good grades and have a slight interest in investing, consider giving them some money to invest with at a basic trading side such as ShareBuilder. Show them basic investment guides on the internet, help them with some of the basic terms, help them research companies and mutual funds and explain what each of the symbols mean. If they learn that before they leave home, you are giving them perhaps the best training in investing anyone could ever receive.

 

Do whatever you can to invest in your children’s education of money. It might not work the same for everyone, but teach your children the entrepreneurial spirit, so that they might be enabled to become very wealthy someday.

What is PayPal? A Tool for Budding Entrepreneurs

 

If you hope to make any sort of money on the internet and you are just starting out, you are going to need to make use of a service called PayPal. Essentially it is a basic way to send and receive money on the internet. Practically every single eBay seller and a massive number of other small businesses make use of it to send and receive payment.

Essentially, PayPal enables any person or business with an email address to send and receive payments online in a convenient and secure manner. They have a massive network which works in conjunction with the existing EFT infrastructure that banks and credit card companies use to transfer money. Their service works extremely well for small businesses, electronic merchants, and people who cannot afford costly merchant services.

 

Since PayPal is becoming ever more ubiquitous, practically anyone can get a PayPal account. Unfortunately for some of the younger crowd, you need to have a bank account and a credit card to be verified on PayPal. This is really important because that way you can form a relationship based on trust with whomever you are dealing with. If your parents trust you with money, you can use their information if they will let you. If you have a checking account, you can get a Visa debit card with that and use that for your PayPal information.

 

PayPal has a varying set of fees for its services. They collect their money by taking a small percentage of each transaction. You do not pay any money when you send money, however PayPal charges 3.4% when you receive money through the system. The percentage that you pay to PayPal will decrease as the amount of transactions you receive increase.

 

PayPal is a great way for students and other young people to user the internet, because you can us your PayPal account for web hosting internet domain names, and you can use PayPal accounts to get paid for a lot of money making opportunities on the internet, such as DayTipper, Associated Content, and other web based advertising programs.

 

PayPal might not be the best way to go in all cases though, they have a history of locking up people’s accounts without good reason, and having some lousy customer service. There are even sites such as PayPalSucks.com and PayPalWarning.com which actively tries to get people to stop using their accounts. I wouldn’t let this stop me though, this is only an extremely small percentage of accounts with suspicious activity, and the worst case scenario is that whatever money you have in the account is locked up for a month or so.

Indiana Entrepreneur Knows the Secret to Surviving Tough Economies

If you look at the 35-year career of Don Taylor of D.R. Taylor  amp; Associates, it looks like one transition after another. A closer look tells a different story, one of a consistent career where Taylor has left his footprint on employers and clients by staying open to insights, creating new opportunities, applying fresh strategies and always making things better than they were before. His approach to business has allowed him to survive the tough times, and many clients today seek his services to help them do the same.

“I didn’t go to MBA school, but give me a reasonable budget, and I have always been successful,” says Taylor. A self-taught man, he got his start in business as a 5th grader working for Bruner Hardware Store in Hope, Indiana. Before school, he would prepare the store for receiving customers, stoking the furnace on cold days. After school he waited on customers, and he values most the chance he had to interact with different personalities, moods and temperaments-how to read people and what makes them buy.

 

He started his adult career in radio and began leaving his footprint by creating new opportunities for his employer and its advertisers. He transitioned a local FM station into the first country music station in Southern Indiana, before “country was cool.” WKKG was born and still reigns today as the top country station.

 

Always a friend to small business, and seeing the need and seizing the opportunity, he launched Retail Management, Inc. Using his knowledge of advertising from radio, his new company consulted with small businesses to compete with big business through effective use of their advertising dollars. By 1975, he was opening new doors for himself by establishing his current company D.R. Taylor  amp; Associates (www.drtaylorassociates.com) and expanding his ability to help his clients compete, grow and prosper through innovative marketing, advertising and public relations. Based in Columbus, Indiana this venture brought Taylor opportunities to work with Fortune 500 companies on advertising and trade shows.

 

In the 1980s, he was a pioneer in health care marketing. In particular, he was at the forefront of dental marketing, winning national recognition. He introduced the concept of educational marketing, an approach that attracts clients and increases revenues for a dentist by educating them on the need for dental care, advances in the dentistry field and the like. The approach is still widely used today.

 

Taking educational marketing a step further, he has helped create referral networks between health care services providers, turning ‘competition’ into ‘cooperation’-all to benefit the patient. These referral networks start with the providers educating each other about their services/products, a process which leads to referrals to one another. His first client for this type of marketing was a pain management clinic for whom D.R. Taylor  amp; Associates created a referral network of general practitioners, chiropractors, and surgeons. Within three months, the clinic enjoyed a substantial increase in new business.

 

Don’s latest innovation is the formation of the Community Health Education Services Alliance, expanding the educational marketing approach to a broader scale and capitalizing on his years of trade show success. CHESA will sponsor health care fairs and promote them to the public, and its members can participate to promote their individual businesses. CHESA’s will function as an information resource to the public through its many contributions by CHESA member practitioners.

 

“Today’s customers are bombarded with information, which changes their mindset and changes how to reach them. Our approach at D.R. Taylor  amp; Associates is all about finding innovative and proven ways to break through the clutter, get our client’s message to the target audience and motivate the customer,” says Taylor. Just as he has chosen to stay open and respond to changes, he preaches the same flexibility and optimism to his clients as he helps them continually rejuvenate and reinvent their businesses in what he calls a reactionary economy.

 

If you called D.R. Taylor  amp; Associates today and asked Don for a consultation, he would tell you, “We’ve been here before and helped so many businesses before-this is a cycle, and this is how you get through it. It’s a purging season, but this will pass. The key is applying a persistent and consistent process of asking what is your business and what does it look like today, and then responding quickly to changes.”

Secrets Business Owners Don’t Tell Starry Eyed Entrepreneurs

With the “4 Hour Work Week” as a major seller and infomercials telling people they can go on vacation almost monthly and eat bon bons while they make money, it might give starry eyed wannabees the wrong idea about business. Let’s get real. It’s not true. Start-ups looking to these items as doctrine are in for a rude awakening.

Starting a business is tough and challenging. At the same time it can be rewarding and potentially the path to the financial freedom most people seek. However, on the road to starting a profitable business there are some things which some business owners might have left out of their discussions.

 

Prepare for long hours. That might be an understatement. According to a variety of sources, the average entrepreneur works at least 16 hour a day. Weekends off are almost a fantasy for the full-timer who needs to be able to cover bills.

 

– Planning is key, but also have a plan B. All the books and seminars tell of the importance of a business plan. Start ups often handle their plan in one of two ways. People stick to it like a Bible almost to their detriment, like in the case of Blockbuster. Or, they keep changing the plan with every new idea they hear, again to their detriment. Perhaps there is another option. Have a plan, but be flexible enough with it to change it if the market dictates the need to do so.

 

– Online marketing is not the only way to get customers. Some people like the idea of “free” marketing online. They think if they throw up a website, a Facebook fan page, and send some tweets the masses will come. This is highly unlikely. A good marketing plan knows where their audience is and how to get to them. Chet Holmes, a business strategist and best selling author of “The Ultimate Sales Machine”, believes direct marketing is still alive and well. He also thinks cold calling is not a dirty word. With his business clients, of which over 60 are Fortune 500 companies, he might know what he is talking about.

 

– Do what needs to be done. The illusion that the work will get done by itself as you tweet what you ate for lunch is unrealistic. Businesses are built one brick at a time whether it is on or offline. Having the idea that working for yourself means doing what you want when you want is the fast track to ruin. Working for yourself in some ways requires more discipline than working for someone else. There is no one hanging over your head to make sure the work gets done, so it is up to you. Your income is dependent upon you getting work done, products out the door, and obtaining new customers.

 

– Lone rangers die quickly. No one becomes successful alone. It is imperative entrepreneurs surround themselves with people who have built a business and are willing to help you build yours. This may take the form or giving advice, serving as a sounding board, or partnering with you. Mentors are available and should be utilized. The U.S. Government has two programs available to help entrepreneur. SCORE which has seasoned retired business owners who will assist in everything from the concept to the execution for free. The Small Business Administration has training courses in everything from writing a business plan to growing a business. There is nothing wrong with having a dream, but it must be peppered with some reality. Business take time to launch then maybe the 4 hour work week might not be a fantasy.

Kimora Simmons is the Baby Phat Mogul, Single Mom, Entrepreneur and Model

Kimora Simmons the name , the designer behind BabyPhat one of the hottest lines out in the fashion world Kimora Simmons is the ex wife of Russell iImmons a magnate in the music world, one of the richest men in the music world. They are happily divorced and still friendly. He was her mentor. She was a young Asian model when they met. They have two beautiful little girls and Kimora now stars in the reality program featuring her little family and her business, Kimora:Life in the Fab lane. Her line includes Plus sizes, Junior sizes, Lingerie, Pocketbooks, jeans and more.

She describes herself as a single mom, entrepeneur, mogul. She is an extremely briliant business woman. She runs her staff like a family. She is the Mom encouraging them, pushing them to move towards being more creative. She is a hard task master and expects perfection. She has high goals for them and for herself. She is extremely astute and detail oriented. Despite the fact that she had an incredible jump start through her marraige to Simmons she hasn’t rested on his laurels. She took the opportunity to make something more of all of the wealth. She’s beatiful and could have skated by on the that but she jumped into the fashion world instead. The fasion world is extremely hard, hours wise, competition wise and investment wise.

 

One of her latest projects is the Kimora Barbie. It’s extremely important to her becuase it will be an ethinic Babrie. It will have Asian features and coloring as opposed to the sterotypical blond Barbie. On her program you see her discussing in detail the costuming for this Barbie and the title. She whips into the rpresentative because they have tried to eliminate the word Barbie from the doll and she nails them on that point. Then they want to eliminate either the Chinchilla coat or the little dog accessories and she tells them. Blonde Barbie has both her coat and her pearls there’s no reason Kimora Barbie can’t hav her coat and her dog. She doesn’t let anything slip by her.

 

She does the Baby Phat line for most of the big deparment stores as well as getting into children’s clothing now. She’s got an office in mid town manhatten and production out in California. She is huge and still growing.

 

She house hunts in California an gives the real estate agent three chances. She tells him find me three houses, that’s it. Three strikes and your out SHe’s hunting in the $12 to $15 Million dollar range. She does find the perfect house.

 

Her staff includes Mary Alice for wardrobe, Cindy Brand Co Ordinator, Paula Vice President of Marketing, Tina Vice President of Branding, Brandon her assistant, James her Senior Director of Marketing and in house ad executive. Brandon is weepy, funny and very close to her. It’s interesting to see how her immediate staff works and how she works with them.When presented with ideas she’s she’ll say things like “Don’t make bust out my nail file” meaning they’re boring her. She’s a funny, entertaining woman along with her other attributes.

 

It’s also interesting to see how she travels, private jet, dozens and dozens of Louis Vuitton pieces of luggage. Some that are made specifically and only for her. Yachts in Cannes. All hard earned. She certainly works and she certainly doesn’t have to since her divorce from Russell SImmons left her quite comfortable.. She does modeling stints for her collection that run until 4 in them morning.

 

Her girls, Ming and Yoki ar adorable. Not truly spoiled yet but I gues they will be, it unavoidable when you live in homes that look like castles and fly in private jetsand are tended to by several people. They have a driver and a personal cook and their miniature Baby Phat handbags. Kimora has a Yoga instructor who comes in for her and for her staff to destress everyone.

 

Kimora Simmons is a real success story while maintaining values.

Surviving Hard Economic Times for Home Based Entrepreneurs

Hearing all the poor-us economy news is enough to scare businesses owners at any level. If you are a home based entrepreneur there are things you can do to keep your business thriving in the current economy.

Flexibility – It goes without saying that if you are a home based entrepreneur one of your key attributes is flexibility. Now is the time to use that flexibility. Can you bundle all or part of your services with another home based entrepreneur whose business compliments yours? How about breaking down your services to be more specialized and appeal to a different market of people? What about your hours of availability?

 

Don’t Forget the Basics – Make sure the product or service you offer is sound and worth the money. Solid customer service keeps people coming back as well. Do you follow up? Don’t be afraid to ask for referrals. Remember the details; don’t get sloppy in your interactions with your customers. People want to know they are getting the best deal for their money.

 

Customer Base – There comes a time when you have to take a good look at your customer base. Do you have some customers that are costing you money? Do they require more effort, materials, time then most of your other clients? Is working with them draining rather than producing? It may be the time to dump them. Follow up on previous calls or emails. Some of those past inquiries may be ready to buy now.

 

Keep your Current Customers Loyal – Communicate to keep your name on their minds, but don’t waste their time. Is there something that you can offer to increase the return of their investment of working with you? Find out what some of their other needs are. Can you provide that service or a component of it?

 

Cut the Extras – Evaluate your vendors. Are you getting the best deal possible from them? They are working to stay in business as well, but perhaps there are some areas open to re-negotiation. When it comes to technology separate the “have to haves” from the “want to haves”. There is nothing that says you can not add back these services when times loosen up.

 

Expand Networking – Now is not the time to hibernate. Look for new networking opportunities and remember, networking is about building relationships over time, not just in the short term. Be open to opportunities. If a business has to downsize employees, can you sub-contract your services to them?

 

Never Stop Marketing – If you stop, how will people hearing about you and how will they purchase what you have to offer? Now may be the time to look into different marketing opportunities. No matter what else you do, keep marketing your business. Check out what other companies are doing, it maybe something that will work for your business. Companies that will be around next year are companies that remain aggressive in marketing their business.

Want to Be Your Own Boss? First Step: Intern with an Entrepreneur

This guest post is brought to you by Jordana Jaffe of Embarkability.com!

If you’re planning to BYOB (be your own boss) one day, one of the best ways to begin your journey is to work alongside a current business-owner. Here are the top 10 reasons why this kind of internship may be exactly what you’re looking for this fall.

 

  1. Red tape is minimal. When you intern in a corporate setting, there are a lot of people who have to say “yes” before your idea has the potential to become a reality, or even a consideration. When you work in a small business setting, the likelihood that your voice will be heard is much higher.

 

  1. The more out of the box, the better. The word “traditional” doesn’t really exist in the land of an entrepreneur. Creativity is welcomed and appreciated, and fresh unconventional ideas are expected and applauded.

 

  1. There is no “typical” day. Whether you’re spending the day working on the business’ new social media campaign or discussing new marketing ideas, interning with an entrepreneur keeps you on your toes.

 

  1. Network, network, network. Entrepreneurs know lots of people and are always meeting new ones. They have a Rolodex of resources that can help you, whether for future internships, jobs, or possible mentors.

 

  1. A hands-on learning experience. You have the opportunity to learn the inner-workings of a successful business. You have the opportunity to ask lots of questions, spearhead projects and really see that starting your own business can be done.

 

  1. Casual work environment. Feel free to leave your heels at home! At many internships with entrepreneurs, you meet at the corner Starbucks, their studio apartment, or even the park. Hours are usually flexible and attire can be more casual than business.

 

  1. Choose your own adventure. When you work with a small business owner, you have the chance to really shape your experience. Being that there’s so much that goes into running a business, you really can experience it all.

 

  1. Get a backstage pass. You may be privy to where money is coming from and where it’s going, and see things that you would definitely not be exposed to in a larger corporation.

 

  1. Master the art of time management. Learn how to budget your time effectively, especially if you’re working virtually part of the time.

 

  1. Have fun! Whether it’s taking a 5 minute break for a Lady Gaga dance party or heading out for errands and ice cream, working alongside a small business owner is a very fun-filled experience.

 

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