Advertising
Do you love your home photos and videos? Are you looking to work from home? Go to www.youcanstayhome.net and Fill out form for an interview. Timing is critical!
Whole Network Most Recent TOP10 business ideas financing internet business opportunities

 

A Wall Street Method Applied to Home Businesses

Filed in archive business tips by noel on December 23, 2006

A Wall Street Method Applied to Home Businesses
In running your home business, you may wind up ignoring lessons from some of the larger and more renowned business groups, operating on the theory that the things applicable to economic giants would be inappropriate or unnecessary for smaller scale business endeavours.

This is absolutely not true. As a matter of fact, while the theories and practices of large scale businesses may seem far too complex for something as simple as running your own home e-tailer business, they are actually appropriate. The trick is to scaling down and simplifying the processes.

For example, the giant entity of Wall Street is a household name. People know that Wall Street businessmen are the sharpest

around. Now how can their practises be put into use for a small, 1-man (or woman) show, you might ask? Well, here is one of their most productive practices, scaled down for personal use.

Wall Street businessmen make use of Advisory Boards, which are groups of peer-level businessmen and consultants from other fields. Before any major business decisions are made, most people in Wall Street consult their Advisory Boards for advice. On a micro scale, setting up your own forum of fellow e-business runners can allow you to suppport each other in a similar fashion.

Wall Street Advisory Boards often employ lawyers, accountants, bankers, and even insurance brokers to improve the skill sets of the group and allow for more versatile situations to be handled. In a similar fashion you might want to invite e-business people to your forums who have backgrounds in these skill sets.

As a matter of fact, you can take this a step further because e-commerce requires other skills aside from those mentioned.

Having, for example, a computer programmer, a graphic artist, and a copywriterlinks on your team will allow all members of your forum to turn to these people for advertising services. This is just one example of how scaling down a tactic used by the big boys can help you thrive!

via E-Moms at Home


Advertisement


Permalink: A Wall Street Method Applied to Home Businesses
Tags: Wall+Street  advisory+board  business  home  wall  wall+street  home+based  home+business 

Trackback: http://www.creative-weblogging.com/cgi-bin/mt-tb.pl/46468



Advertisement


Advertisement


CW ToolbarInstall
RSSrss   | See all blog subscribe options
Googlegoogle   |   What is RSS?
Yahoo!yahoo
AddthisAddThis Feed Button
BloglinesBloglines
Newsletter
Advertisement - Book yours here.

Use our search feature to look for other interesting posts

Just this blog Whole network
 
Advertisement
Book yours here.



  • Other blogs in the same channel in the Creative Weblogging Network

Advertisement -
Book yours here..






Advertisement - Book yours here..
 
Tagcloud: business ideas business tips financing freelancing tips General Home Based Businesses home based franchises home business events home business people home business software home office tools internet business management marketing odd home business idea online job opportunities Sponsored Post suppliers Work at Home Scams Work From Home