Home Business Ideas for Seniors

You’ve retired from your long career and have enjoyed couple of months vacationing in best parts of the world. Now it is the time you’re at your home, feeling bored. You still have the urge to work, possibly own a business and make some money. If it is not about money, you want to ensure that the waking hours are not a waste of time and you can use them productively. For some senior citizens, owning a business or doing a job even after retirement is a necessity to support themselves. For seniors, jobs can either be through employers or in the form of self employment. The former is certainly not possible as companies are bound to recruit younger individuals as the older people retire. The latter, that is self employment, is very much possible and that is what most of the seniors must target. Thanks to the amazing growth of the Internet that opportunities for home based businesses for seniors have gone up dramatically.

Home Business Ideas for Seniors: What We Need to Know

Starting a business is thought to be capital intensive and not many private lenders would be willing to fund seniors as it is believed that seniors may not live long enough to return the money. However, seniors who’re in need of funds needn’t worry as the government funded and monitored organization, the The U.S. Small Business Administration (SBA) is there to help them with numerous funding options. Visiting the SBA official website will expose seniors to lots of information regarding understanding and management of numerous business ideas. On the SBA website, you can find information about local offices of SBA in your area.

You will also be able to know about support groups in the area and you can participate in free

Starting your Own Cookie Business from Home

So, you are planning to start your own business? Well, having a business does have some perks which no job can provide. For starters, you work at your own pace. You take up as many assignments as you can handle comfortably. You are your own boss and you do not need to report to anyone. The biggest benefit – you get to keep all the profits! Plus, if your business is an extension of your hobby, you get to do things that you love to do and earn hordes of money too! Making and selling cookies is one of such businesses, which is ideal for those who have a passion for cooking and baking.

Tips to Help You Start a Home-based Cookie Business

Before starting a full-fledged cookie business and investing your hard-earned money in it, a good idea is to try to sell cookies to your friends first. So, call up your friends and tell them that in case they need cookies, instead of buying the packaged ones from the market, they can purchase homemade, freshly baked ones from you. This will serve two purposes. Firstly, you will earn some money out of the transactions which you can use once your business gets started. Secondly, after you have sold the cookies to your friends, you can ask their opinion on the taste. This will help you to improvise on your cookie recipes. And, if you think that your friends really like the taste of your cookies and order the same from you again and again, it’s time to seriously consider starting your own cookie business.

The first thing that you need to do for opening up a cookie business is to decide on a name for the same and get the mandatory paperwork done.

How to Sell Perfumes from Home

Selling perfumes from home can be a profitable venture if you are aware of the basic things that you need to learn about marketing the product. It is quite easy to sell perfumes from home because it does not require you to do much running around, and you don’t even need to invest money in setting up a store. In today’s times, when the Internet has made things easy for us, starting up such small ventures and running them successfully isn’t that difficult. All you need to look into, is finding effective ways to market the product, so that more and more people are aware of it. In this article, we shall delve into the pointers that will help you establish a flourishing business of selling perfumes from your own home.

How You can Sell Perfumes from Home

Once you have decided to start the business of selling perfumes from home, you need to consider a few things. These small things can go a long way in increasing the chances that people will like your perfume. Read on to know what are the steps to follow and how they might help.

Choosing a Name
First of all, you need to choose a name that not only sounds cool but also defines the “theme” of your perfume. When you choose a name for your perfume, select one on the basis of the chief fragrance notes in the perfume. For example, if your perfume contains notes of musk or some woody fragrance, which are mostly used in perfumes meant for men, give your perfume a name that sounds like one and appeals to men. On the other hand, you can use feminine names for perfumes that are composed of floral or citrus fragrances. Remember, choosing the perfect name does

Home Business Ideas for Nurses

Contrary to popular belief, that nurses can work only in hospitals and private clinics, there are many qualified nurses who have started their own business to earn a decent income and are now managing it well. It is a well-known fact that hospitals can’t function without efficient nurses. Nursing is a high demand profession and because of this they are under constant stress, and have to work at odd hours. Many nurses who have good experience on their resume and are well qualified can seriously think of opening up a home based nursing business.

Home Based Business for Nurses

Don’t think that registered nurses are only required at hospitals. If you have recently quit your job but still want to earn some decent money, starting your own nursing business is a great idea to begin with. You just need some pre-planning, a bit of infrastructure (drugs and medical equipment) and a strong business model, and you are good to go.

Personal Care for People
There are many people who fall sick often or need medical assistance on a regular basis. Opening an agency where nursing assistance is just a phone call away can actually work quite well. You will encounter many cases in which people are in a constant need of such services for their loved ones and the demand for private home based nurses just keeps on growing. Nurses can schedule visits to patients in their homes to check on their post-surgery progress and see how well they are responding to the treatment.

Day Care for Sick Children
A day care for sick children is a great home-based business idea. This task is best suited for nurses who have good experience handling kids as kids are known to have unpredictable behavior. There can be instances when a

Best Businesses to Start at Home

There are so many business ideas everywhere that it took me a while to understand, and judge them individually. If you are irritated with mediocre suggestions, and not-so-contemporary approaches, this article has something new in store. Consultations, call centers and data entry ventures can help you make the buck; can they give you peace of mind? Starting a business from home should not only give you the satisfaction of earning good money, but you should also enjoy what you do, isn’t it? For these reasons, here is a list that is different! Yes, you’ll see options that might truly excite you, or remind you of a hobby long lost. After a lot of thinking, and reviewing of my own ideas, I present the most unusual, yet practical, and perhaps the best businesses. Take a look!

Best Businesses to Start at Home for Men

Start a Travel Group
This is something I have wanted to do for a very long time, and is undoubtedly one of the best home business ideas for men. Indeed a great way to see the entire world, and make money out of it. There are a lot of people out there who want to travel places, but the only thing that holds them back is the planning. Do this for them and reap the benefits. Traveling with a huge group is a lot of fun too, and you also get the company of like-minded people. Starting a travel business needs a solid business plan. You need to take care of details such as bookings, meals, transportation, lodging, etc. This might take time, but once you’re set, you have the world waiting for you.

Photography Club
Do you have an eye for the unique? Do you feel like taking out that camera and capturing

Cottage Industry Laws

So you knit an awesome afghan/bake a great cake/whittle a beautiful headboard. Wanna start a business? Sure! Do what you love, and you’ll never work a day again in your life, right? But starting a business requires money. Which you don’t have. Or you wouldn’t need to start a business.

There exists, in the good ol’ U.S. of A., a business type called a ‘cottage industry’. It’s basically a sole-proprietorship that you run out of your home. Sounds perfect, right? Let’s roll! I’ll start today!

Not so fast. Business in this country is regulated, heavily in some cases. There is a set of laws involving cottage industries, and pleading ignorance will not keep you from being heavily fined or shut down if you’re found in violation. Laws vary from place to place, so check your state, county and city websites for the particulars. But the most common issues concern what you make and where you make it.

Your Home
As mentioned, cottage industries are run from the home. But that’s not all there is to it. First, you have to check with the city to make sure your home is zoned for cottage industry (which is entirely separate from being zoned for business or residential use). Then, you have to check with your neighborhood association to make sure they’ll allow signage, the expected traffic, and everything else that comes along with business.

Will customers come to your home? Better have ample parking. Many places require that no more than 25 percent of your home’s square footage may be used for business purposes. Plan on selling food? Your kitchen usually has to be separated from the rest of the house and kept in Health Department-approved cleanliness.

Depending upon where you live, you may have to get a business license

A Guide to Start a Home-based Jewelry Making Business

If you are creative, have an eye for fashion, and want to start something of your own from your home, then nothing will quite rock like a home-based jewelry making business. Not only is it highly lucrative, but it will also allow you to get an income from your hobby. Who knows, your small-time jewelry making business may turn into a high-end jewelry line someday. However, to do so, you must know certain things before you start your business. For example, you must conduct market research to understand the material cost, vendor management, manufacturing cost, registration cost, etc. Also, you must know about your target market. Even though it is a home-based venture, it is recommended that you have a foolproof business plan in place to avoid any kind of mistakes.

Get a Name

♦ Get a nice fancy name for your business. Don’t choose a dull or common name.
♦ You will have to register your business and also get a domain name for your website. Hence, ensure that the name is not already taken and has a domain name available for the same.
♦ Choose a name that will make your jewelry sound exquisite and unique.

Legal Formalities

♦ After registering your business name, you will have to check with your local and county authorities for various kinds of work permits and licenses that you will require.
♦ It is advisable that you get a separate bank account to distinguish your personal expenses from the business ones.
♦ Get a resale tax number, and complete the formalities with the IRS. If you are hiring an employee, you will have to get the EIN.

Get Training

♦ If you are an amateur jewelry designer, it is highly recommended that you take professional training for honing your skills. Join a workshop, community college, or private classes

Management Styles and Techniques

A leader or a manager should be very careful, while choosing the business management styles and techniques for an organization. This is because the success of an organization depends upon the kind of management styles and the management skills which the managers exhibit. Some management styles are people oriented, while others are project or work oriented. Here are the three management styles which are primarily used by the managers in today’s organizations.

Management Styles

Teamwork Style

Here, tasks are accomplished by constituting teams first, and then dividing the tasks among the teams. It is commonly observed that tasks are accomplished more efficiently through teams. That is why most organizations follow this style of management. The different team members bring their knowledge to the table while accomplishing various tasks, and hence, tasks can be done more quickly in teams rather than by individuals on their own. In order to function properly, there should be proper workplace communication between the various team members and also between the manager and the team members. “Team spirit” is a prerequisite for the success of this style of management.

Directing Style

In this style of management, the manager communicates the “goals, expectations, and standards” to the employees very clearly in the beginning itself. The manager is in direct control of the situation literally, i.e., he dictates to the employees what tasks have to be done, how they have to be done, and the deadline for those tasks. The manager has all the decision-making powers and seldom asks the employees for a feedback. This management style is considered slightly impersonal, but sometimes, such situations arise in organizations, such as meeting a deadline or when the number of employees is too huge, that only top-down management approach or directing style of management can bring desired results.

Participatory Style


Business Management and Administration

In simple words, management can be defined as the function of utilizing and managing all the available resources in the organization, such as human resources, material resources, and financial resources, so that the goals of the organization can be achieved. A degree in business administration will prepare you to perform this function of management in an appropriate manner. To enter this profession, you will need to get into a business school and get an MBA degree. Here is some useful information on the kind of training, studies, and experience you can expect at a business school during your degree, followed by the jobs that you will become eligible for once you pass out of the course.

MBA Subjects

– General Management
– Human Resources Management
– Financial Management
– Marketing
– Business Strategy
– Economics
– Accounting
– Business Ethics
– Information Management and Technology
– Business Laws
– Company Structure and Organizational Management
– Entrepreneurship
– Logistics
– Economic and Financial Affairs
– E-Commerce & Technology

Management Skills

– Planning
– Organizing
– Leadership
– Decision-making
– Communication (Spoken and Written)
– Problem Solving
– Staffing
– Controlling
– Customer Relationship Management Skills
– Negotiation Skills
– Team Building

Today, education has evolved a lot, owing to changes that have taken place in the corporate world, due to globalization and technological advancements. There have been new subjects introduced, such as e-commerce, international finance, information technology, etc., and the emphasis is shifting more on practical experience and learning, by way of guest lectures by industry professionals, case studies, internships, presentations, and group assignments.

Careers in Business Management and Administration

A person who has an MBA degree, years of experience in the corporate world, and the desired skills, has the potential to reach the highest position in an organization, i.e., become a

Vertical Integration

Before getting to the details of vertical integration, let’s start with unraveling management control. Control is a function of management, as put down by Henri Fayol. According to Fayolism, there are six primary functions of management – Planning, Organizing, Directing, Coordinating, Controlling and Forecasting. The management control function pertains to all those activities carried out by a business to foresee the future course of action in order to set standards for business operations, both external as well as internal, and make sure that there is no deviation from such standards. It is a continuous management process and is an integral part of each hierarchical level of an organization. This process looks into the future and works in close conjunction with the planning function of business management.

To quote Henry Fayol, “Control of an undertaking consists of seeing that everything is being carried out in accordance with the plan which has been adopted, the orders which have been given, and the principles which have been laid down. Its object is to point out mistakes in order that they may be rectified and prevented from recurring.” Coming back to vertical integration, let’s take a detailed look at this style of management control to get a complete understanding of this concept.

What is Vertical Industrial Integration?

Vertical industrial integration is a very prominent structure of industrial integration and is mostly seen in the form of supply chains where the finished goods of one firm becomes the raw material for the next firm in the chain. This form of industrial integration is different from horizontal integration, the latter being undergone for market dominion purposes. This goes on till the very last stage where the final product is ready for release in the end consumer market. Most of the time, these vertically integrated firms are owned by a

Horizontal Integration: A Management Strategy

Strategic management is all about the initiatives taken by the middle and mostly upper echelons of management with respect to optimum utilization of business resources. This is done as a means of achieving higher profitability and enhanced performance. Horizontal integration is one such tool which is used to strengthen the position and presence of a business in the market. It is basically a marketing-based integration, as opposed to a vertical integration which is a style of management control over the industrial supply chain. While the former is an attempt to influence the market in its favor, the latter attempts to coordinate and control the supply chain of a consolidated vertical production process.

As per definitions provided by Investopedia and Wikipedia respectively, horizontal integration takes place ‘when a company expands its business into different products that are similar to current lines’ and ‘when a firm is being taken over by, or merged with, another firm which is in the same industry and in the same stage of production as the merged firm, for example, a car manufacturer merging with a competitor. In this case, both the companies are in the same stage of production and also in the same industry. This process is also known as a buyout or takeover.’ If we try and dissect both these definitions, two main points come to the fore-same industry and same stage of production.

So the question arises that why would a company want to integrate with another which practically deals with the same product, that too in the same stage of production? Well, there is a very important factor-they share the same market. This form of business strategy is aimed at eliminating competition. Besides buying out, it also brings about economies of scale and scope involved in increased production. Even in terms of marketing efforts,

Choosing the Right Software for Your Business

Whether you’re starting a new business or expanding an existing one, the software you use can make things much easier – or much more complicated. There are about a zillion different programs of varying function and capability, ranging in price from a few hundred dollars to a few hundred thousand dollars – but that doesn’t mean you should necessarily go for the most expensive one you can afford.

Cost is always a factor in business management (though it may not be the leading factor), so the goal is to find software that does everything you need it to do without paying for bells and whistles or functions that don’t apply to your business.

Before you even start looking at individual programs, carefully evaluate your needs – then simply find the program that fits them (don’t ever alter your needs to suit the software).

Business Type

If all you need is general accounting, your business type doesn’t matter much when it comes to software. Heck, you could take care of that yourself with a well-designed spreadsheet on your existing software. More specialized programs, however, are designed with certain businesses in mind.

Restaurants may want a program that also handles recipe cost and allows front-of-house to back-of-house communication. Medical offices may need something that integrates insurance coding. Manufacturers could use materials tracking and supply chain info, while service-based businesses may prefer a task-timing option.

Business Size

There is software out there that will all but run your business for you – but they may cost several times the total value of your business itself. You don’t need an M.B.A. to recognize that as a bad investment. Chances are, that mega-software has entire areas of function that you just wouldn’t use.

The right software investment is one that doesn’t require a tremendous loan, and provides

Basic Business Management Skills

The verb manage comes from the Italian word maneggiare which means handling (especially a horse), which is derived from the Latin word manus meaning hand. In the 17th and 18th centuries, meaning of the English word management evolved from the Old French word mesnage.
“Management is the art of getting things done through people,” says management consultant Mary Parker Follett. People are perhaps the most valuable resource of a business. But there are others, like financial resources, infrastructural resources, inventory, and technology, whose optimum use is essential for effective business management. According to Peter Drucker, “Managers give direction to their organizations, provide leadership, and decide how to use organizational resources to accomplish goals.”
Management skills are classified as political (used in building power and business networking), conceptual (used in analysis of situations), diagnostic (used in taking an action in response to a situation), technical (domain knowledge), and interpersonal (people skills).

Frenchman Henri Fayol describes management as a composition of five functions, namely planning, organizing, commanding, coordination, and control. Modern texts have reduced them to four, which include, planning, organizing, leading, and controlling.

Planning involves identification of your business goal and finding the way to reach it. It involves the estimation of various costs that will be incurred and evaluation of the time required to attain the business goal. A business plan has to be documented and reviewed on a regular basis. A plan is worth it if the attainment of the business goal is feasible with the allocated resources.
It involves the assignment of tasks and allocation of resources throughout the business organization. It includes determining the primary goals of the business and strategies to reach them. It includes division of activities into tasks and assignment of the tasks to suitable and deserving employees.
Commanding or leading is a management skill in itself.

Cost of Communication in Modern Business

Businesses all across the globe spend a significant fraction of their revenues in establishing effective communication systems to ensure hassle free communication with their clients/customers. Both within and outside the organization, business communication plays a crucial role in determining the success or failure of the firm.

An Overview of Communication Expenses in Current Era

The cost of communication for an organization in today’s business has become expensive, owing to the boom in different types of technology and the increasing base of companies in several countries. From the starting days of telephones to the current world of web conferencing, video conferencing and VoIP, communication methods in businesses have evolved to a great extent. Now, the greatest challenge for large corporations is not that they have to provide PCs to their employees, but a far greater challenge is to manage the overall communication cost-effectively. Information communication technology is now an integral aspect of business management. It forms a vital link between all core functions of the business, be it manufacturing, operations, marketing, sales, advertising, logistics, or the supply chain.

High Cost Factors in Modern-day Businesses
If we leave aside communication technology, there are some other vital and more expensive costs related to communications. Costing related to traditional and conventional meetings have increased to a large extent in the recent years. Travel costs, hotel rentals and catering services for businesses have shot up tremendously in this decade. Arranging business meets of hundreds of thousands of employees is certainly possible for large-scale companies but for the SMEs, it is not always a cost-effective method to conduct multiple meetings in several hotels, with clients and employees, given the high costs involved in doing so. The need of cost-effective business communication solutions has become increasingly important now owing to the harsh economic conditions that have been in existence since

Effective Oral Communication in Business

Today’s age is also known as the “information age”. The impact of information on our personal and professional life has been immense. The success of social networking sites like Facebook and Twitter is a proof of how we crave for information. The necessity to communicate effectively is more important in the sphere of business.

Consider the case of multinational corporations – a lot of people work across continents to achieve a common goal and the only thing that connects them is communication. In organizations, people communicate through various channels; emails, teleconferencing, videoconferencing. As our topic deals with oral communication, we will focus on the need of effective oral communication in business.

Business organizations today are investing a lot of time and effort in establishing an effective communication process in their organization. Various surveys have found out that organizations which encourage their employees to air their opinions have better productivity and lower turnover ratios. There are various methods through which communication flows in an organization and one of the most important of them is oral communication. Having a thorough knowledge of the functional areas of business would be of no great use if you can’t present them effectively to your employees. Effective oral communication in business plays a vital role in ensuring that you are able to put your point across clearly in staff meetings, one-to-one discussions and presentations.

Although, most of the business organizations are aware of the importance of effective oral communication skills in business, sometimes they fail to practice it in the right way. Having an effective communication process doesn’t mean calling up your sub-ordinates everyday for a one-to-one discussion. There is a thin line between ‘effective communication’ and ‘constant communication’. Constant communication can in fact hurt the prospects of a business in scenarios where