replace the damage the long years of living an imbalanced lifestyle did to their health and relationships.

Capital - A second factor has to do with the way small businesses are easy to capitalize. Money is readily available. This view is supported by a leading Venture Capitalist, National Venture Capital Association, who estimated that initial funding for new ventures nearly doubled in 2005, expectations are that will increase with another 100% again over 2006.

Small business really is Big Business nowadays!

Who Are All These Entrepreneurs...

Unexpectedly, based upon research concluded by Robert W. Fairlie from the University of California who studied data from the U.S. Census and related sources, the largest share of new business starters is represented by people over 45 years old: about 65%. Entrepreneurs in age group 20-34, however, are catching up fast since 4 years. Further investigation of data provided in the same report reveals that 30% of entrepreneurs are actually people without education levels any higher than high school (2005).

It is a sad fact that about 33% of all companies fails within 2 years. This is a percentage that has been used in the investment community as a rule to work with. On the top of the list of problems: misaligned leadership and market focus.

Entrepreneurial Leadership becoming a Key Factor

1- We can see that a lot of people who are starting as an entrepreneur have plenty of working experience and seem to fall in the age category of the baby boomers.
Just imagine all these people coming out of a job situation nowadays. If that is all they have been doing their entire life, they need help. Not only with the setup but mostly with their mindset and attitude to personal responsibility. Here is the opportunity for the leaders in this field: provide the experience and information to make them successful as well. To move from an 'entitlement mentality' to becoming self-reliant is the topic of a best-seller by Trump and Kiyosaki: Why we want you to be rich.

2- Secondly, many people seem to be starting a business without education. Same thing. They most likely can benefit from simple, proven, easy to learn methods to get their business up and running.

Just imagine, if you establish yourself as a leader in this field you will be able to contribute meaningfully to many people's life as long as you live! How great is this, how rewarding, and how different from slaving away in an office cubicle until you reach your future retirement age of 70... If you believe with me that there is something greater than cash, I am convinced that this is what gets me motivated.

How Business Burns

I decided to use the following analogy when training new entrepreneurs to get started:

View your businesses like small fire producing the heat to drive an engine generating revenue for you from output. A system working according to fixed rules.

There are 2 variations:
Either you provide the engine (your new business idea supported by a business plan) or you use a readily set up engine that has been proven to work for your purpose (revenue generation). In the latter case, all you do is set it up, start the fire and keep it going.

A business needs 3 primary ingredients in balance to produce revenue:
1. Cash flow (the fuel) - have enough available to keep your business going without having to scale it down too much risking the engine to stop.
2. A steady flow of fresh leads (the oxygen). Keep finding people who will benefit from the output of your business. Like oxygen, customers are everywhere.
3. The passion (the heat) - Do something that is meaningful to you and to others and be passionate. Network with like-minded people to share ideas and thoughts. Join a business forum and get plugged into training programs.

Successful lifestyle entrepreneurs maintain a balanced focus. They pay attention to the right combinations in business and in life. They keep the fire burning naturally and enjoy the rewards, the lifestyle and the joy.

Have a great day!

Article Source: http://www.articles-galore.com

Lifestyle Entrepreneur since 4 years and committed to coaching others and giving them access to everything I know.Many years successful as business development executive for various international corporations. Got tired from inefficiency and office politics.Already helped many people finding their path in life and work situations with concrete jobs, opportunities and experience I've learned along the way. www.lifestyle-entrepreneur.net

Products and Services mentioned in this article are available Here

         

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California will pay 5.7 percent more in the next fiscal year for state employee pensions, according to the California Public Employees? Retirement System. The state of California will pay $3.7 billion in fiscal 2012-2013, which begins in July, up from $3.5 billion it is paying in the current fiscal year. The CalPERS board of administration approved the new rates Wednesday. They will go into effect July 1. The $213 million increase is needed because of the change in economic assumptions approved...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=_RVw2BUwLRY:ERjWSAsss0I:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=_RVw2BUwLRY:ERjWSAsss0I:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=_RVw2BUwLRY:ERjWSAsss0I:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=_RVw2BUwLRY:ERjWSAsss0I:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=_RVw2BUwLRY:ERjWSAsss0I:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=_RVw2BUwLRY:ERjWSAsss0I:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
California jobless claims rise by 1,600
<img src='http://assets.bizjournals.com/boston/jobsearch*100.jpg?v=3'>The number of people filing new jobless claims across the country was stagnant at 370,000, with no change from the previous week, according to a weekly report from the U.S. Department of Labor. California, however, saw an increase in new claims. The four-week moving average was 375,000, or a drop of 4,750 from the previous week. The number of people claiming unemployment benefits was 6,273,624, a decrease of 149,759 from the previous week. The Golden State reported an increase in claims of 1,613....<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=QhsdwHCtvMY:A9HnEoY5Sso:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=QhsdwHCtvMY:A9HnEoY5Sso:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=QhsdwHCtvMY:A9HnEoY5Sso:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=QhsdwHCtvMY:A9HnEoY5Sso:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=QhsdwHCtvMY:A9HnEoY5Sso:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=QhsdwHCtvMY:A9HnEoY5Sso:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
MIG Real Estate makes first buy in Texas
<img src='http://assets.bizjournals.com/houston/news/Logo_MIG*100.jpg?v=1'>MIG Real Estate LLC has bought its first Texas property, Wynhaven at Willowbrook, a multifamily community in Houston. The Newport Beach-based real estate investment company is expanding its investment strategy and looking into opportunities in the Sunbelt and the Western U.S., the company said in a May 16 statement. Wynhaven is a 372-unit community with an occupancy rate of 96 percent. The local submarket experienced 4 percent rent growth last year, and growth is projected at 10 to 15 percent...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=DNvTW70S6p8:bPgHL3kDGIc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=DNvTW70S6p8:bPgHL3kDGIc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=DNvTW70S6p8:bPgHL3kDGIc:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=DNvTW70S6p8:bPgHL3kDGIc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=DNvTW70S6p8:bPgHL3kDGIc:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=DNvTW70S6p8:bPgHL3kDGIc:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
California mortgage, consumer debt drops
<img src='http://assets.bizjournals.com/stlouis/creditcards3*100.jpg?v=1'>The average Californian owes less in credit card and mortgage debt than they did last year, according to a new report, but credit scores still dropped a little. According a monthly report from Credit Karma, Californians owed $303,745 in mortgage debt in April, compared to $309,579 in March and $311,551 in April 2011. Californians also owed an average $5,674 in credit card debt, compared to $5,900 in March and $6,384 in the year earlier period. Student loan debt fell to $29,069, but auto debt rose...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=5AB-sRuysW8:29Foq2w_K1I:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=5AB-sRuysW8:29Foq2w_K1I:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=5AB-sRuysW8:29Foq2w_K1I:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=5AB-sRuysW8:29Foq2w_K1I:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=5AB-sRuysW8:29Foq2w_K1I:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=5AB-sRuysW8:29Foq2w_K1I:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
Warren Buffett?s Berkshire Hathaway boosts stake in Wells Fargo
<img src='http://assets.bizjournals.com/charlotte/warren%20buffett%201%20315*100.jpg?v=1'>A regulatory filing from Warren Buffett?s Berkshire Hathaway Inc. shows the legendary investor has increased his holdings in Wells Fargo & Co. and several other companies, The Wall Street Journal reports. Buffett raised his longtime stake Wells Fargo (NYSE:WFC) at the end of 2011 as well. Berkshire Hathaway?s filing also reveals new investments in Viacom Inc. and General Motors Co., though the WSJ speculates that those might have been made by the company?s new portfolio managers, Todd Combs...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=K7BXQhKxRn0:OhN_rTYy2Hs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=K7BXQhKxRn0:OhN_rTYy2Hs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=K7BXQhKxRn0:OhN_rTYy2Hs:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=K7BXQhKxRn0:OhN_rTYy2Hs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=K7BXQhKxRn0:OhN_rTYy2Hs:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=K7BXQhKxRn0:OhN_rTYy2Hs:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
Skechers settles false advertising suit
<img src='http://assets.bizjournals.com/losangeles/news/kimkardashian*100.jpg?v=1'>Manhattan Beach's Skechers USA Inc. shoe company has settled a lawsuit accusing the company of false claims that its ?rocker-bottom? shoes promote weight loss and muscle strength. The company has also allocated as much as $40 million for consumer refunds nationwide. Details about obtaining a refund are available on the Federal Trade Commission?s website. The FTC, the District of Columbia and 44 attorneys general nationwide were involved in the lawsuit. Skechers chose not to fight the lawsuit,...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Lqi1g1ZSWA0:QYXo4ozfQa8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Lqi1g1ZSWA0:QYXo4ozfQa8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=Lqi1g1ZSWA0:QYXo4ozfQa8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Lqi1g1ZSWA0:QYXo4ozfQa8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=Lqi1g1ZSWA0:QYXo4ozfQa8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Lqi1g1ZSWA0:QYXo4ozfQa8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
Boeing prepares for U.S. defense spending cuts
Boeing Co., which has operations from its Defense, Space and Security division throughout Southern California, said it is preparing for the "distinct possibility" that U.S. defense spending will be cut by a total of $1 trillion over the next decade, the Chicago Tribune reports. The defense division has laid off about 8,000 of 60,000 jobs over the past 18 months, but most of those positions have been shifted to other departments inside the company, such as the commercial sector. If $500 million...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=4Wz9SEs_H88:HK8zHW-brg8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=4Wz9SEs_H88:HK8zHW-brg8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=4Wz9SEs_H88:HK8zHW-brg8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=4Wz9SEs_H88:HK8zHW-brg8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=4Wz9SEs_H88:HK8zHW-brg8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=4Wz9SEs_H88:HK8zHW-brg8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
USC on cusp of Coliseum control
The University of Southern California is on the cusp of controlling its home football venue -- the Los Angeles Memorial Coliseum -- as the Coliseum Commission approved a measure that would give USC control of the venue, according to the Los Angeles Times. The vote was approved 8-to-1, the report said. Under the new lease, USC would control the facility until 2054. USC would fun $70 million in upgrades and take control of the revenue. For more on the deal, read the original Times report.<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=dgcncRzKWXU:FSR_70orqg8:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=dgcncRzKWXU:FSR_70orqg8:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=dgcncRzKWXU:FSR_70orqg8:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=dgcncRzKWXU:FSR_70orqg8:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=dgcncRzKWXU:FSR_70orqg8:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=dgcncRzKWXU:FSR_70orqg8:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>
Proposed budget cuts hit court system
<img src='http://assets.bizjournals.com/sanfrancisco/news/California_state_flag*100.jpg?v=1'>Gov. Jerry Brown?s proposal to whack trial court funding by $544 million this fiscal year will seriously compromise public access to justice, members of the judiciary said Monday. The governor?s proposed May revision of the state of California budget includes a $300 million cut in trial court funding. It also delays $240 in spending on trial court construction and seeks to save $4 million by increasing retirement contribution for state court employees. Chief Justice Tani Cantil-Sakauye said...<div class="feedflare"> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Tx5aovgek8M:Xt9nHtJT1mA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Tx5aovgek8M:Xt9nHtJT1mA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=Tx5aovgek8M:Xt9nHtJT1mA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Tx5aovgek8M:Xt9nHtJT1mA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?i=Tx5aovgek8M:Xt9nHtJT1mA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_losangeles?a=Tx5aovgek8M:Xt9nHtJT1mA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_losangeles?d=qj6IDK7rITs" border="0"></img></a> </div>

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