Brainstorming for ideas for a cost-effective startup venture? Here are five small business ideas for low-cost business minds!

1. Baking/cooking service – A gas range, a cook book and a pair of clean hands are all you need for this business. This is good for people whose middle name is “baking.” Housewives and even househusbands can start this venture during the Yuletide season as they give away gifts.

2. Bicycle repair and cleaning – Rent a small space so you can move freely with your tool box and cleaning equipment. This business can run all year round. If you’re a grease monkey willing to get some black goo under your fingernails, then this is a good business for you.

3. Wedding planning – If you have a creative mind and love for tying the knot, then this business can be yours! You can start by asking who among your friends needs a planner for special occasions like birthdays and 16th birthday parties.

4. Hairstyling – Training is necessary in this craft since there are lots of hairstylists who you have to compete against. You can watch tutorials to gain access to new trends for the season. Just be imaginative, and you’re ready to go.

5. Music lessons – Stick to the instrument you know the most and teach young kiddos you know in your neighborhood. Start with individual sessions, and then move your way up to class sessions depending on the availability and space you have.

There are lots of training services for people who want to start their small business. Terry Powell, a business expert who has a wealth of knowledge in the field of business, is willing to hand out fresh advice which can help aspiring entrepreneurs gain a headstart as they start their own business.

               Most people have dreamt of spearheading a business empire. The idea is present and often accompanied by hope and inspiration. But the million dollar question is: How do you start a business?

                A successful business always starts with a brilliant idea. Next, it has to be fueled by perseverance and effective business strategies. But prior to running a massive business empire, the prospective business owner must determine whether or not running a business is the most appropriate career path to take.

                First of all, you have to ask yourself: Am I business-owner material?  Will you make the cut as a smart entrepreneur? If your answer is yes, then brace yourself for a lifestyle change that is yet to unfold.

                Here are some useful tips for you to ponder as you start your dream enterprise:

  1. Pick the industry you want to work for.
  2. Research about the hoops and loops of this industry; taking a crash course would be better.
  3. Do a personal market research – look into vital aspects like demographics and trends.
  4. Create techniques to overcome the competition.
  5. Craft a business plan and assess your funding requirements.

               Putting up a business is not a spur of the moment decision, or something to do over a weekend.  This process is, indeed, labor-intensive. But with proper time and resources management, feasible failures and the occasional entrepreneurial wallops can be avoided, or if not, minimized.

               It’s crucial to think things through before jumping into business ownership. Do not be one of the many dispirited and jaded entrepreneurs out there who failed to consider these various factors.

               Instead, take the time and effort to carefully consider your options and choose the right path. As Terry Powell says, the ultimate success of your startup business will make all the effort worthwhile.

Effective human resource management is the key to success in every business venture. Behind every successful company are dedicated employees who work hand in hand to achieve a common goal.

It is the objective of every human resource manager to attract and retain the best employees. It is also the dream of all business managers to put together a team that complements and brings out the best in each member.

Company managers should take an active role in maximizing the potential of every employee. This can be done by providing employees with all the necessary tools to help them work efficiently.

Simple things like a comfortable working area are important. Amenities that promote productivity can also be explored. Outside of physical amenities, employees should also be offered avenues to express their concerns as regards their work and ways to improve efficiency. Making employees feel they are part of the growth of the company can encourage them to do more and achieve more. Effective business leaders are an asset in any business enterprise. But without dedicated employees to help, the road to success can take longer.

As a renowned business coach, Terry Powell has helped guide numerous budding entrepreneurs on the different aspects of business development, and human resource management is an important factor in this equation.  In the long run, maximizing the potential of an employee will turn to the advantage of the company.

It has been a routine for some of us to bring our car to the gas station for a fuel refill. The changes in pump prices have fluctuated so much that most of us aren’t surprised with the rise and fall of rates anymore. That alone is a reason enough to feel somewhat worried. Worse, our vehicles are a contributing factor to the greenhouse gas effect, the main cause of global warming.

Most people who own a car face such a dilemma. In metropolitan areas filled with people, streets and roads are usually overcrowded and traffic jams happen during rush hours. This results in air pollution and smoggy skies, both of which pose health risks to people.

The auto industry has developed the technology to address these problems: the Hybrid car.

So how does this type of vehicle work?

A hybrid car uses parts of both gasoline and electric car technology for propulsion. An electric motor is set at the center of the vehicle architecture as the main propulsory engine while electric batteries provide power to the electric motor. It also has a separate gasoline engine which provides power to a generator.

There are lots of hybrid models available in the market today. The technology may vary from one hybrid model to another, but these vehicles are all designed for reduced tailpipe emissions and fuel-efficiency.

Automobile companies are now competing to become leaders in this new industry sector. Toyota, Nissan and Chevrolet have taken a big step forward by introducing hybrid vehicles which are designed for mass-production. Now they will have to couple their production efforts with marketing strategies to entice the public to avail of their vehicles.

Like business expert Terry Powell, these automobile companies have an eye for development and innovation. Looking out for new ideas which can shape the future of any field is important to stay ahead. That goes for both the automobile industry and the field of business.

Let’s try to attack business from a different perspective today.


Imagine yourself arriving home from work tired, overwhelmed, but fulfilled. You throw your bag, kick off your shoes, and lounge on your sofa. Suddenly you feel your stomach rumbling and remember that your last full meal was 9 hours ago – at breakfast. You begin to feel an urge to have a meal out, only the sofa has become too alluring to leave. And anyway, you do have restaurant numbers somewhere in your contacts list… all you have to do is press dial and wait for your doorbell to ring.


It’s all as easy as pie, but no.


Between realizing your hunger and finally dialing a number, your brain goes through a process of choosing. This either takes a split second or gets drawn out for minutes inside the most complex system in the human body. It may be inconsequential now, but this sequence of chemical commands inside a person’s brain draws the line between the success and failure of your business. Particularly, it confirms the efficacy of your business’ customer service strategies.


It’s all in the mind


For your business to successfully register in a person’s mind, businesspeople need to understand how the average consumer’s brain works. Fortunately, you don’t have to major in psychology to understand how this happens – you have been a consumer, too, so you can at least start with your own expectations and experiences. You have to begin by realizing that you’re not the only one who can provide satisfaction to consumers. So brace yourself for a lot of disappointment at the onset of your business venture.


In the competitive realm of business, remember that you have to rely a lot on a consumer’s experience of your product or service. You can’t choose what your customers remember of your goods, but you can have them recall your business’ strengths as opposed to your weaknesses by emphasizing the good points and reversing the bad ones. Have you experienced bad customer service? Apologize and give a complementary package. Have you been given a negative feedback? Then go out of your way and act upon the offending party or protocol. There are a lot of ways to mend bad experiences with certain establishments, and consumers tend to be forgiving, especially if you deliver quality goods.


The personal ad


A lot of business experts, like Terry Powell, would tell you that it’s dangerous to forget being human in the realm of business. The human touch is easy to lose, especially with the pressure of competition and money. The difference between your business and another establishment may mean the world to you, but for consumers without prior experience to both, the difference takes just a split second to register in the brain. How to overcome that difference is the true challenge of customer service and advertising strategies.

Here are the points that have been brought up in part 1 and part 2 of this series:

• Lack of business education

• Starting a business for the wrong reasons

• Inadequate cash flow

• Impossibly high expectations

• Trying to do it alone

• Failure to have and maintain a website

Some of the following points are related to some of the previous points, and business owners should also take note of these. Some might not realize that they’re making these mistakes, and they may even think they’re doing things the right way. Here are the next three points that will be discussed this week.

Continue Reading »

Some time ago we determined that an idea is not enough to jumpstart a business. For this post, Terry Powell will run you down a couple of factors to consider when starting a business. These are the things that budding entrepreneurs should tackle to ensure a secure venture.



When we think about business, we think money. Business is all about cash flow – profits and expenditures. But before opening a venture, entrepreneurs should have enough cash to propel and stock their business. The ideal capital comes from personal savings or funds (think retirement pension). There are also lending institutions a person may turn to when cash-strapped, like banks which offer cash loans. Each institution has its own policy, and you should be equipped to pay the loan back. To ensure that, use the loan wisely by setting up a business plan ahead of time. Start slow and have realistic expectations for your business so that you won’t be overwhelmed by debts.



Business, regardless of the niche, is generally competitive. Unless you’re the sole provider of the service in the area, you should be aware of the various other businesses that offer similar services and products as you. Research on the possible locations you can set up your business. Consider the rates of the office space you plan to rent or lease, and make sure the area is accessible to you. You can also establish your start-up in your own house, which can be a big cut on your expenditures. Also remember to weigh in the demand for your product or service in the area – some products or services are attractive only in certain places, so it is crucial to have a target clientele.



The size of manpower your business will need depends on its size. It will also depend on the kind of business you have. Start-ups usually require minimal manpower to function effectively. A manager will be needed to handle the general operation; clerks will be necessary for handling the trade; and an extra hand would be ideal to help you guard the shop or supervise and maintain the office. But remember that the number of employees depends on how much you can afford to keep them in your business.


There we have it for now. Basically, those who plan on trying entrepreneurship should have realistic goals, and equally practicable means of achieving them. Businesses start with ideas, but they end with physical actualization.

%d bloggers like this: