- Determine what kind of business you want to start.
- Learn about the industry for your business.
- Analyze the market for your business.
- Educate yourself on running a business.
- Name your business.
- Determine business structure (sole proprietor, partnership, or corporation).
- Write a business plan.
- Write a marketing plan.
- Locate financing.
- Apply for business license, fed tax ID, fictitious business name.
- Obtain business tools (computer, printer, fax, postage, office supplies, and fixtures).
- Order business stationery (business cards, letterhead, brochures).
- Obtain inventory.
- Hire employees.
- Revisit your business plan and update often.
- Prepare a realistic business plan.
Think of this as your business road map.
- Your business plan should encompass the financial considerations of starting your small or home based business:-
Do you have the capital required?
- Protect your family, protect your business.
Consider insurances - from health, critical illness and income protection insurance to life insurance - and consider your pension and long term financial security.
Your small or home based business has to consider its taxation situation.
Do you need to register your business for sales tax purposes; have you informed your tax office of your business's inauguration?

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Does anyone have any experience with the Day Trading Robot that was developed by Jason Kelly ?

It was advertised in the often visited news site WorldNetDaily and I wonder if this is legitimate.

Here is their website : http://daytradingrobot.com/index-1.php

They also say that they are looking for BETA TESTERS for their product.

There's a few of these systems out there developed by Jason Kelly. While I've never tried this one, I've used another one of his day trading robots & I have to say the results were good overall. I'm not sure if his other system will be indicative of the results you may have with this one but it's worth a try.

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Home based business has an even shorter lifespan. Having been accustomed to regular pay check, when the money does not roll in week after week and the bank balance hits the low digits, there is a sense of panic and the exciting home business gets trashed.

Now here are a few tips to persevere and make a success of your home business.

Plan in advance your finances for running your family for a minimum period of 6 months.

Plan every aspect of your business – right from creating the product to final shipments - on paper.

Home workers need to set a disciplined work schedule. You can relax and cut down on working hours when you start earning enough. Action is one major ingredient for success. Read about the success of other small business and home business owners and learn what they did right. Duplicating someone else who has succeeded makes it easy to succeed yourself. Even persons you considered your best friends may avoid you if they feel you are in trouble. Learn to depend on yourself than outside support.

Be prepared to take the temporary pain and denials. Robert Kiyosaki of ‘Rich Dad Poor Dad’ fame and his wife slept in their car for a few months and lived in a basement of a friends house for many more months to achieve what they set out - their financial freedom. The rewards far outweigh the pains and temporary sufferings.

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A stock market simulation game is a great way to practice your investment skills before actually investing any "real" money in the stock market.

Many teachers and professors of banking and finance are now using stock market simulation games to teach their students about the rudiments of investing in stocks. Most stock market simulation games use real-time market data.

The objective of most stock market simulation games is simple:

To increase the value of your portfolio of stocks so that it is greater than that of the other game players.

Below are some tips on choosing a stock market simulation game:

• Choose a stock market simulation game that is used and recommended by reputable colleges, high schools, middle school, investment clubs, brokers in training, corporate education courses and any other group of individuals studying markets in the U.S. and worldwide.

• Choose a stock market simulation game that is comprehensive and easy to implement in any Finance, Economics, or Investments class. A good stock market simulation game should feature trading of stocks, options, futures, mutual funds, bonds from the U.S. and many of the world's major markets.

• Choose a stock market simulation game that has a toll-free customer service phone number and excellent e-mail support for members.

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