Registered users here at MacroVoices. Once logged in, you will see the download link s and will be able to download the PDF document s. Click here to register for access to supporting materials. And for good reason. John has dedicated more than 30 years to keeping people informed about financial risk. John is a visionary thinker, a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the first publications to provide investors with free, unbiased information and guidance—Thoughts from the Frontline.
Some 16 years later, it is one of the most widely read investment newsletters in the world. From his timely warnings of impending recessions in and , prescient calls on market moves to thoughtful pieces on what the new Republican administration should do in in , John has blazed his own trail as one of the most respected macroeconomic minds in the field.
Mauldin Economics publishes a growing number of investing resources, including both free and paid publications aimed at helping investors thrive in today's challenging economy. Thanks to its blue-ribbon lineup of past speakers and growing reputation as an incubator of forward-thinking investment strategies, the SIC is fast becoming one of the most hotly anticipated economic events of the year. His current book count because he always has at least one more in the works is seven including:.
John is a frequent speaker at conferences around the world and is a sought-after contributor to numerous financial publications, as well as a regular guest on TV and radio. He currently lives in Dallas, Texas and is the proud father of seven children, five of whom are adopted. Always consult a licensed investment professional before making important investment decisions. Site by Fourth Turning Capital Management. Subscribe for FREE. About Erik Townsend Erik Townsend is a retired software entrepreneur turned hedge fund manager.
Says Zacharakis, "Usually you have to pay a small interest rate. Include your landlord in your financing plans. One Boston landlord offers Babson students six months of free rent if they launch their businesses in one of his properties, Zacharakis says.
18 Overlooked Steps to Small Business Excellence
Wait until you have some operating history before you approach banks. Banks are generally interested in working with new businesses once they have sales, accounts receivable and short-term financing needs. Start with a revolving line of credit, pay it back, and earn the banker's trust until you qualify for larger, longer-term loans with better terms. Continue learning: Want more options? We've got 18 ways to raise capital for your new business. Hit the Spot The right location increases your odds of winning the business game.
Deciding on a location for your business is one of the most important and unchangeable decisions you'll make, but it's often an afterthought for many startups--which may end up on the fast track to a liquidation sale. Know your market. O'Halloran makes an analogy between retail concepts and the animal kingdom: McDonald's is a retail rat because it can exist and thrive anywhere, in affluent areas as well as poor areas.
Other companies, however, might be considered retail pandas because they need to be in specific areas to survive. Think about the habitat your new business will require, and whether you're about convenience and commodities or specialty items. The answer will keep you one step ahead in retail's survival of the fittest. If you're thinking of starting a service business such as an accounting practice, you may be considering your home as your business's habitat.
If this is the case, don't just weigh the overhead expenses when making your decision--also consider whether operating from home suits your product or service. Could potential customers be put off by the thought of doing business at your house? Or will customers overlook where you're located because selling will be done largely via phone, fax and the web? Keep in mind that there might be local zoning laws regulating where homebased businesses can be located, so check with your city government before hanging your shingle.
Also, it's a nice gesture to make sure your neighbors are OK with more foot traffic and fewer open parking spaces if you expect to receive customers at home. Gather some data. Websites such as Economy. A general profile of an economy can be helpful in deciding where to locate your business.
Leading Blog: A Leadership Blog
The data will help you see trends and determine where your target customer shops. Think like the competition. It's not an accident that the same large retailers--Home Goods, Michaels and Target, for example--locate within a stone's throw of each other. It may seem counterintuitive to settle right alongside the competition, but clustering can increase business and lead to cost savings in hiring and shipping, among other things. Says Hannigan, "Becoming part of a cluster that attracts a much larger market can still make [you] better off than if [you] try to establish [your] own market in some virgin territory.
Take to the streets. Demographics on paper are one thing; actually spending time in your desired location is another. When visiting a potential location, is your gut reaction that this is an area in which you'd like to shop?
Something seemingly small, like parking availability and expenses, can greatly impact the amount of foot traffic coming through your door. Also, consider your industry when choosing a location. If you're a quick, in-and-out type of business--like a latte shop or a dry cleaner--it pays to locate your business in a central part of town.
These days, you may also want to consider whether you could convert the location to include a drive-thru window for added convenience. Ask questions. Visit small stores in various locations to see how busy they are. If you're daring, you can ask if leasing at the location was worth it and how much turnover they see going on with stores in the area.
You never know what you might hear. Being aware of whether you're running a day or night business is important as well. A pub, for instance, might not fare as well in a strip mall that attracts mostly daytime traffic. You'll find plenty of information to help you online: Start your research by visiting our Starting a Business section or www. Continue learning: " How to Find the Best Location " has 22 questions you should ask regarding any potential locations for your new business.
And if you're considering a shopping mall location, be sure to read " How to Select a Shopping Center Location.
Fully Equipped Set up your startup with the right tech tools. There's more to equipping your new business with the right technology than just walking into a big-box store and buying a desktop off the shelf. Much more.
Think about the technology your startup will need beyond today--because a little planning and some smart buying decisions will help keep your business running smoothly during your startup days and beyond. Start with a network. A lot of entrepreneurs aren't sure where to begin when it comes to buying and setting up the technology they need for their startups. Your network is your backbone, so start there. Get dedicated internet access.
Dial-ups need not apply. But you do need enough broadband bandwidth to handle the employees you plan to hire--now or in the future. You can look into getting DSL, cable or higher-end internet solutions like a T1 line, which can handle up to users.