Descrimination In Business: The Realities

For several years now, United States law has prohibited businesses from assessing or placing judgment upon employment prospects due to gender, race, ethnicity, creed, religion, political affiliation or even handicap in certain settings and situations. Because of this, those in the working world or those attempting to enter it, feel safe and assured that they will always be treated honestly, respectfully and fairly. If one does not get a job, the reasons must always be cogent and pertinent to the job and its particular set of qualifications. Thats not always the way it is. Believe it or not, descrimination still lives and thrives in businesses all over and in many cases, those who behave descriminatory can and do get away with it.https://paydotcom.com/r/46515/biggso/3955067/

This is because specifics unrelated to the job or its qualifications actually do make a difference to many employers and business people. For example, entrepreneurs with a sexist bent are liable to hire, promote and encourage those of their own gender or white supremist business owners are likely to pass over African American professionals with impressive backgrounds for white prospects with little or no experience and spot records and many Christian human resource executives tend to cast away atheist co-workers, regardless of performance, experience or attitude. 

Its all about preferences, likes and subcultures, the we versus them mentality still drives behavior in many different types of business environments. The trick that keeps them from getting into any legal trouble is the fact that behavior and practices toward the underdogs are ambiguous if at all questionable and excuses are always devised to justify actions. Those against whom are descriminated are able to sue or press charges, but this is generally difficult because the power of evidence falls on them and is usually impossible to produce.http://paydotcom.net/?affiliate=301019

Another type of discrimination that is, unfortunately all too well common is sexual harrassment, especially in the case of male-toward-female. This is a self-explanatory but is amost always a legal mind field. When one gender makes unsolicited sexual advances toward someone of the opposite gender and then rests that persons job on the responses, discrimination takes place in a dort of oppsite dynamic. What is meant by this is that a favor is given to a particular worker based on gender and appearance. For instance, a woman with a shapely body and large breasts is hired because of her gender and physical endowment instead of her qualification.http://www.programhoppers.com/13224

This is why Affirmative Action is criticized by many people. The program ensured favoritism and success to minorities on the basis that they are minorities. No matter which way recognition and consideration lean, if treatmewnt is not based on a persons qualifications, the case is descriminatory. Regardless of how hard the legal system cracks down on descrimination existing in the workplace, unfair treatment and policy will not completely overcome—human interest and the power of money will never allow it.

How To Plan Your business

Theres a lot of talk these days about the entrepreneurial spirit and those that claim to have it are opening their own businesses and reaching for the brass ring. While having that spirit can be a plus in running your own show, many forget that it takes a team to run a business and the one secret that all successful entrepreneurs use is to surround themselves with good people.

Now how good a person is at coming up with ideas and they may have the drive to take those ideas to a higher level, they are going to need help to turn those ideas into reality through execution. Devising a business plan is a major part of developing a new business, as well as getting funding for its start up but the trouble with many new ventures is that it is planned to death. Agonizing over every little detail of how the business is going to be operated, where the money will come from and how it will be spent is more than one person can handle. Successful people are willing to share that responsibility. Shop Online @ the Worldwide Mega Shopping Mall


Those opening a new business with the thoughts that they can work their own hours, open a business and sit back and collect a huge income are really fooling themselves. While working your own hours may be possible if you plan on spending more than two thirds of your time in the business. It is going to take a lot of time, especially in the early stages but you can decide which of the 18 hours during the day you will spend working.

You also have to have the personal commitment and the self discipline to own your own business. Whether it is working at home or having an office in the home and work on clients job sites, you have to be disciplined enough to get the job done and plan for the next one. There are going to be things that go wrong and you have to understand that as the business owner, you are the one that will make the decisions on how to make things right.

There are many myths surrounding operations with a new business, such as the boss is always right and telling people they will do it your way because you are the owner. While the business may be in your name and you are taking all the risks in making it successful, the bottom line head of your business is going to be your clients or customers. Without people will to pay for your services or products, you have no business. And while you may be right in your decisions, you can pat yourself on the back for making the right choices all the way to the unemployment office.

Choosing A Home Business

While some services that businesses need require extensive training or licensing such as legal services or accounting, there are many other needs businesses have that make their daily life more convenient that can be offered by aggressive individuals. With good knowledge in different areas of business services, a home business can include many facets of helping keep a business up and running.http://programhoppers.com/13224

Virtually every business today uses computers and many have two or more, with many small businesses using them separately. This requires additional software for each system and if one of the units has to be replaced, everything on that system has to be added to a replacement machine. Networking and server installation is a growing part of many businesses and when they upgrade their systems often need professionals who can get them up and running as quickly as possible.

If you have the know how to connect computers to a network, whether going through a central server or not, you can make a significant income by offering your experience to businesses. The company buys everything and once it is delivered to the business, they make the call and you install it during the hours they are closed, eliminating interruptions to their business.

Many businesses have outdated security systems running in their buildings and may consider installing new cameras and monitors while moving their security into the digital age. Digital video recorders are easy to install and if you can eliminate a lot of extra equipment, such as multiple monitors and enable a business to play back video through their computer, they may be interested in signing on for a security system upgrade. 

Wireless cameras and being able to watch what is going on in their business while they sit at their home computer may have an interest for some individuals. However, being able to look back on specific incident without spending hours viewing expensive videotapes, is a major time saving for many business owners.http://moremoneyeverywhere.com/shop

Many small businesses do not have the space to maintain mountains of paper records and are always looking for way to reduce the amount of clutter in their usually small offices. A scanning service may be welcome in many communities where businesses could have several boxes of paper records put on compact disks for faster research. Good quality scanners and data base software are not that expensive, but it does take time, something the business owners may be willing to pay a savvy entrepreneur to accomplish.

Billing and payroll services are also often needed by many small businesses and if you have that type of experience and can offer them at a reasonable cost, you will find businesses willing to jump at the chance to reduce their in house costs of these service. As a contractor, you will be responsible for your own taxes and expenses, relieving your clients of those financial burdens.

Finding A Healthy Business Opportunity

More and more, the public is looking for better ways to stay healthy and younger looking, opening several new business opportunities in the health related fields. While opening a nursing home or extended care facility may not be the best move for someone just getting into business for themselves there are many opportunities to open a health related services business. 

Medical supplies are in constant demand by hospitals and clinics as well as doctors offices and being able to fill the need for quality, affordable supplies can help a business get off the ground and grow. The next time you visit the doctor, look around the waiting room as well as the examination room for an idea of what their needs may be and hoe you can help them meet those needs.

Office supplies are the same in any type of business and medical facilities not immune to the growing cost of supplying their needs. Most doctors do not make the decisions for the supplies, leaving it to their office managers and those that work in small offices may not have the time to run to the office supply store to get what they need. If you have a business that can offer affordable office supplies to several offices, you may be able to offer better prices than the supply stores that offer free delivery.

Many medical, as well as legal offices, often have a need for occasional transcription services and many short courses are available to train you to become a medical transcriptionist. This job will require some specific training in medical terminology as a mistake in transcribing a doctors dictation could have disastrous results. There is a continuing need for transcription services as it takes a well-disciplined person to translate someones speech into text and turnover may be high at many services. 

A person skilled at this work can find plenty of work, maybe not from one office but by hooking up with several offices. It can provide more than full-time employment opportunities that can be done at home. When considering offering services to a medical office, do not look at it as one office to keep you busy. You will want to connect with several offices to create your own home medical services business.

Billing is typically done by the doctors office and with many of them realizing a majority of their income through insurance claims. Someone with the experience of making sure the proper forms are filled out to eliminate late or denied insurance claims can offer their services to medical facilities. While most collection efforts are handled by major companies, some offices may be interested in trying to collect on small bills or bad checks at the local level before turning a patient over for collection.

Creating A Solid Business Plan

Theres a lot of talk these days about the entrepreneurial spirit and those that claim to have it are opening their own businesses and reaching for the brass ring. While having that spirit can be a plus in running your own show, many forget that it takes a team to run a business and the one secret that all successful entrepreneurs use is to surround themselves with good people.

Now how good a person is at coming up with ideas and they may have the drive to take those ideas to a higher level, they are going to need help to turn those ideas into reality through execution. Devising a business plan is a major part of developing a new business, as well as getting funding for its start up but the trouble with many new ventures is that it is planned to death. Agonizing over every little detail of how the business is going to be operated, where the money will come from and how it will be spent is more than one person can handle. Successful people are willing to share that responsibility.

Those opening a new business with the thoughts that they can work their own hours, open a business and sit back and collect a huge income are really fooling themselves. While working your own hours may be possible if you plan on spending more than two thirds of your time in the business. It is going to take a lot of time, especially in the early stages but you can decide which of the 18 hours during the day you will spend working.

You also have to have the personal commitment and the self discipline to own your own business. Whether it is working at home or having an office in the home and work on clients job sites, you have to be disciplined enough to get the job done and plan for the next one. There are going to be things that go wrong and you have to understand that as the business owner, you are the one that will make the decisions on how to make things right.http://moremoneyeverywhere.com/shop

There are many myths surrounding operations with a new business, such as the boss is always right and telling people they will do it your way because you are the owner. While the business may be in your name and you are taking all the risks in making it successful, the bottom line head of your business is going to be your clients or customers. Without people will to pay for your services or products, you have no business. And while you may be right in your decisions, you can pat yourself on the back for making the right choices all the way to the unemployment office.

Tips, Tricks and Tools for Your Business Plan

If the thought of business planning strikes fear into your heart (or just plain turns your stomach), you're not alone. Most entrepreneurs dread building a business plan. At the same time, it's an invaluable tool that can take your enterprise to the next level. We're going to provide a few tips, tricks, and tools to make the process less daunting.

Tips and Tricks

These are just a few tidbits about business plans that you should keep in mind when you're getting started.
Do I Need a Business Plan?
Yes.
Large or small, new or established, you can benefit from a business plan. The mere act of sitting down as a leadership team, discussing your goals, and putting down in black-and-white your goals can be incredibly valuable.
Be Prepared
If you're building a detailed business plan, there will probably be some financial and other information that you'll need to reference. The process of writing your plan will go much more smoothly if you have this information at your fingertips. So, open up your accounting software, pull your insurance records, and know where to find other key financial data.

Tips and Tricks for a Successful Business Plan

Cover Page and Table of Contents

• Obtain a copyright on your business plan and mention that on the cover page and on all the other pages, preferably in the footer.
• Reinforce the company identity with your company logo on this page. If you have a "by-line" for your business use it on this page.
• If you can use any of the art-work developed for your marketing brochure without cluttering the page, use it here. This will convey the image and the positioning you are trying to develop for your business.
• You may also display the amount of money that you are seeking to raise through the Business Plan, along with the stage of development your business is in (seed, start-up, etc). Some investors also like to see the highlights of the plan on the cover page as it helps them to make a quick assessment of what to expect from the business plan.

Executive Summary

• Write this section after you have completed writing the entire plan.
• The length of the executive summary should be limited - 2 to 4 pages.
• Use charts, tables and diagrams to illustrate or emphasize your points. Summary financials should be presented in the form of bar charts and the like.
• Use short sentences, simple language, and no jargon or cliches.

The Company and Product/Service

• Start this section by describing what the company does and which industry it operates in.
• Emphasize your key achievements in the past. Also explain the bottlenecks that may have limited your achievements; and how these constraints will be addressed in the future.
• Demonstrate how the success you achieved in the past was based on certain factors which you will continue to exploit in the future.
• State out what makes you and your services different from the others in the market.

The Market

• Give a reference to all trade associations that cover your industry. Use material supplied by these organizations to support statements and assumptions you have made throughout your funding request.
• Use numbers as well as trend information to describe the current market and its potential. Growth, declines, and new markets opening up are key information. Use Charts, tables and graphs for maximum impact.
• For a seed stage business, a well documented market research report from a professional agency will go a long way in giving comfort to your potential investor.
• Often a company's offerings compete in more than one market. For instance, a company that sells its proprietary software product may also deliver consulting services. In such cases, it is essential that the size and growth rates for the services market be separately noted from the size and growth projections for the product market.
• Search out all companies who offer competitive or related products. Define those who offer complementary products in the same or similar industries. Explain how competitive relationships can be turned into joint ventures, strategic partnerships, buyouts, acquisitions, etc. in the future. Investors will take comfort in the fact that you have defined possible exit solutions if things don't go as planned.

Sales and Promotion

• Do all necessary research to keep your prices competitive. Some trade associations provide benchmark prices in the industry. Review these prices to evaluate their suitability to your business.
• Start-ups are more likely to be successful if they focus on a highly specific, very narrow target market. General markets are usually dominated by large, well-established firms.
• Use flow charts to graphically depict how the service or product is delivered to the customer.
• After you compute your annual advertising cost, compare it with that of your competitors. Advertising expense is one of the operating ratios (expenses as a percentage of sales) that industry associations gather. If your estimated advertising cost is out of sync with the average cost in your industry, you should take another look at your strategy.

Finances

• In this section you need to show projected, income statements, balance sheets, and cash flow. Existing businesses should also show historical financial statements. The time frame for projections depends upon the complexity of the business, but three to five years is generally acceptable as the standard.
• For each projection prepare a sensitivity analysis to produce the "best", "likely" and "worst "case scenarios.
• Clearly state the assumptions on which your financials have been prepared.
• Pro-forma income statements should show sales, cost of operation, and profits on both a monthly and annual basis for each plan year. For all but the largest businesses, annual pro-forma balance sheets are all that are necessary. Cash flow pro forms should be presented in both monthly and annual form. If your business is already established, past annual balance sheets and income statements should also be included.
• Include information that will assist potential investors in understanding your projections.
• It is important for you to understand how to compile each financial document and what they mean. Many entrepreneurs consider themselves more marketing and creativity-oriented than finance-oriented and they dislike studying financial statements. If that applies to you, remember that it is essential for you to learn the basics of business finance so that you can run your company successfully.
• Provide separate schedules which make up the big ticket items like the capital expenditure and employee compensation costs (esp. for service businesses). Also provide a Statement of Sources and Application of Funds to explain clearly how the funds are being generated and used.

By Venture Ahead

10 Best Small Business Ideas For 2013

Small business are the privately owned business, it basically refers to a business with kind of low volume of sales. This business is common among many countries depending upon their economic system. And this year it is best for you to start up a new business, as small businesses are creative businesses for you to do this year. You can apply all your creative ideas and innovations in whatever way you like.
So here we have the top 10 ideas for you guys about the small business in 2013

10.

Normally people buy plastic tags for Child Safety and restaurant touch screen menu, so you can buy stuff that offer the products and services related to that can be a start of a good business.

9.

People are becoming more and more aware of the products with green energy, green construction, organic foods and organic clothing etc. So you can start a business related to that too.

8.

You have seen plenty of floods and earthquakes for the past few years; you can establish a business that gives the recovery services to any natural disasters. If you are worrying about the partners, then make a partnership with the Government, they can provide you the partners.

7.

You can start your business with giving services to people who are working on Home-based business.

6.

There is a website called kiva.org, it offers crowd sourcing services what means that it provide funds to entrepreneurs who have limited budget, you offer a service that meets the business of the crowd.

5.

You can start a business by taking your “giving” sense with you, like you can start selling products for a social cause; it can be a charity but a business-charity.

4.

You can start a business that offer cloud services that can be a great untapped market for the business owners at a later stage.

3.

You can promote you business by providing services to websites like twitter, facebook etc for the social media promotion purpose.

2.

Start any business that is UNIQUE, now people don’t go for the traditional stuff, they search something that is creative, innovative and unique. Start any business of T-shirt printing or card-printing.

1.

Now days making money online is also a great business, making an online store, website flipping is a great deal famous now days and surely a great idea for a small business.

Business Ideas for Lahore

Starting a business in Lahore might seem a daunting task to some due to its notorious notion of it having cunning business dealers and consumers. That may be true but that shouldn't stop a Lahori from starting a business.



Following are some ideas for starting a business in Lahore:

• Start a Restaurant Business

Lahoriites love good food and in most cases will pay any amount to have it. One hardly sees any eating place in Lahore close down. The key to starting such a business is to keep the competition in the surrounding localities in mind and to concentrate on what you serve. Good food quality in this case should be considered more important than other business attributes such as cost, customer service, etc.

• Help Identify Talent 

Lahore has had a history of creating artists and you can't help but wonder that there is still more out there (talent is of course in the rest of Pakistan too and this business model can be followed elsewhere too). Become the bridge between academies and talent by acting as the middle person.  Earn money from academies for providing a talented pool of candidates. Think of this strategy similar to a recruiting agency. Moreover be very specific in the niche you select and specialize in it, be it music, dramatics or some type of sport even.

• Start an Image Consultancy firm

People from Lahore generally love to follow trends (esp fashion) when compared to any other city in Pakistan. Take advantage of this by starting an image consultancy firm. Give tips to both men and women on their appearance, communication style and behavior. Chances are you might make a name for yourself in this relatively untested area. 


Other ideas and thoughts?

Business Ideas for Pakistan

Business Ideas for Pakistan

Do you want to start a business in Pakistan but are missing on a business idea? Consider some of the following business ideas and you might hit a jackpot:

• Start a Software Company

Pakistan currently doesn’t really have any big software company. Part of the reason is the widespread usage and acceptance of software piracy and its products. Another is the quality competition that foreign software companies offer. These hurdles generally have hindered the growth of software companies in Pakistan. Having said this more and more companies and offices are these days looking for cheaper solutions which foreign companies cannot provide. Hence opportunities in the areas of website development, planning and maintenance software, and management and communication systems have risen and should continue to flourish.

• Start a Consultancy Business

Immigration and educational consultants have been on the rise in the recent decade and the business is pretty much dominated by a couple of consultancy companies. Other areas to look into consultancy therefore are operations management, strategic management and IT consultancy. These areas are still less dominated and present an ideal opportunity for anyone with the right expertise and experience to enter. Foreign companies like Accenture, McKinsey, BCG, Bain, etc have yet to enter Pakistan and therefore can present themselves as a threat in future.

• Install an Automobile Manufacturing Plant

If you have capital or the backing of venture capitalists consider starting an automobile manufacturing setup. Pakistan currently has almost 13 automobile companies (foreign and domestic both) operating within its borders and most of the top manufacturing plants are of foreign companies which offer expensive products. Offering cheaper automobiles customized for the Pakistani market might be  viable option to look into.

• Start Power Plants

Pakistan has been facing an energy crisis for quite some while now. The demand for electricity has been increasing and the supply has remained almost constant if not totally. Start multiple power plant projects and rid Pakistan of this problem. Power plants can be of various types: gas, oil, coal, wind, solar, hydal, nuclear, etc.

• Start a Securities Company

More and more corporate offices and residential units these days are emphasing on security. Consider being a one stop for them all. Solutions ranging from pure electronic (such as security cameras and an automatic monitoring system) to security personnel can be provided. Reduce the crime rate in Pakistan while earning top money as well.

Any other ideas?

Computer Training Business Plan

     Plan Computer Training Small Business Ideas to make money from Office

More and more peoples are entering in the field of computer sciences instead of studying biology because the demand of computer increases in every field. The other reason is that computer science is now the subject in schools and colleges. So peoples from all the field need to know about the computer and want to learn as much as they can for a better job or income. For this reason many companies have opened training centers for those peoples who really want to learn about computer or really want to know what the computer is.

There are many types of training centers which give training for a specific type like gym centers, sports training centers etc. Like this the training center of computer will provide the basic knowledge of computers from the start and after that some other hardware knowledge. The computer training centers give training as 06 months certificate program or 01 year diploma. Usually training centers take lot of money for teaching computers to all the peoples from all the fields. Training centers also give training for the study abroad programme because knowledge of computers is must in every field.

Training centers also give training of hardwares and softwares and also give extra training of programming languages. In today world, computer training centers are playing a vital role for giving best training to peoples. More and more training centers are opened day by day because of huge demand by the peoples to learn computer. That means that computer training centers are earning lot of money by training the peoples. This is actually a home based business and any body can start this business from home. So it is clear that with fewer invest any one can earn lot of money.

Computer Repair Business Plan

     Plan Computer Repair Small Business Ideas to make money from Home

Computer plays an important role in every field of our life because most of out things or works are done on the computer. When ever the computer gets any problem like hardware problem then it needs to be repaired by computer repairer. There are two types of issues in computer which you need to repair, one is software repair and other is hardware repair. For repairing or fixing the software problem you will always need a software repairer but for the big problem like mother board problem or any other type of hard issue you will need the services of hardware repairer.

There are many companies which are specialized in the troubleshooting, servicing and also in repairing of softwares and hardwares in a wide variety. They are also related to a personal computer issues and also with computer network problems. The most common issues in any computer problems includes failed hardware components, software bugs, drivers incompatibilities, spyware issues and malware problems, network connectivity problems, operating system upgrades and complete computer overhauls. When ever there is a need for computer repair then there are two options that is do it your self or take technical support help from any computer repair stores.

Actually a computer repair technician is a person whose duty is to repair and maintain all the computer functions and also servers. The duties of the computer repairer can be extended if there is an issue or big problem of hardware. That means that computer repair technician is the most important person in our life which not only install the softwares but also very helpful in maintaining all the parts and functions of the computer. A computer repairer is earning lot of money for its very hard work, so it is clear that in any business there is money. 

Computer Training Business Plan

     Plan Computer Training Small Business Ideas to make money from Office

More and more peoples are entering in the field of computer sciences instead of studying biology because the demand of computer increases in every field. The other reason is that computer science is now the subject in schools and colleges. So peoples from all the field need to know about the computer and want to learn as much as they can for a better job or income. For this reason many companies have opened training centers for those peoples who really want to learn about computer or really want to know what the computer is.

There are many types of training centers which give training for a specific type like gym centers, sports training centers etc. Like this the training center of computer will provide the basic knowledge of computers from the start and after that some other hardware knowledge. The computer training centers give training as 06 months certificate program or 01 year diploma. Usually training centers take lot of money for teaching computers to all the peoples from all the fields. Training centers also give training for the study abroad programme because knowledge of computers is must in every field.

Training centers also give training of hardwares and softwares and also give extra training of programming languages. In today world, computer training centers are playing a vital role for giving best training to peoples. More and more training centers are opened day by day because of huge demand by the peoples to learn computer. That means that computer training centers are earning lot of money by training the peoples. This is actually a home based business and any body can start this business from home. So it is clear that with fewer invest any one can earn lot of money. 

Editing Business Plan

     Plan Editing Small Business Ideas to make money from Office

Editing is basically a change or correction that is made by editor for editing purpose or to prepare something for publication. Actually editing is the last action that is done to correct the words in the scripts. All the things that you read hear in the media are basically edited by editor and when they are found correct then can be forwarded for the final step.

Actually the editor not only fixes all the commas mistakes but also decide what things should be written in consciousness and what will be the forms that will be used in it and what will be the medium. Actually the word editing means to review or to change a document by adding some additions or by deleting some errors. The editing is also the process of making confirmation to documents that they are correct or are on standards.

The business of editing is very good business to start because it has big profits that can be made easily. If you start this business then remember that editing is done to all the documents for publication or for public presentations. Usually editing is extremely important step for writing essay writings because it always provides the final correction or addition in the documents and also provide final polish to your all ideas.

If you start the editing business then you should know that with proper editing it is possible to make an average essay a great essay for all times. Start this business if you have the skills to do editing job. You will also need some investment to start this business professionally from an office and also need some trained and experienced editors that will perform the extra work and will help in making big money. The business of editing is not a small business but has big profit that can be made by starting this business professionally.

Cleaning Business Plan

     Plan Cleaning Small Business Ideas to make money from Office

Every home and office needs cleaning for better look and also to remain healthy and safe from different diseases. The word cleaning means to make something clean or free from dust, marks or mess that can be done by washing, wiping or by brushing. The best cleaning process is done by using chemicals to kill the germs and to clean the area properly.

Cleaning is necessary to remove dirt that includes dust, bad smells, stains and garbage from home or office. The business of cleaning is not a small business to start because it needs many things that are needed to clean the area properly. In the cleaning process there are many things that are added in criteria such as health and beauty. The word cleaning has meaning that to clean any area to clear the absence of odour and also to avoid the spreading of the dirt and different contaminants that can move from one place to another.

You can start this business if you love cleaning and have the ability to keep things span. This is an excellent opportunity if you want to start home business because this business does not need big investment to start but makes big money. Usually the cleaning industry is divided into two groups of primary market that are consumer and commercial groups. The consumer cleaning services are those services that are provided to home that includes cleaning of carpets, windows, sofa and chairs etc and the commercial cleaning services are those services that are provided to companies or offices commercially.

Start the cleaning business with les investment and make big profits. The most important thing is that the cleaning business needs not much investment but needs big skills and experience to run successfully. This is the best busienss to make money and to make big profits.

Babysitting and Child Care Business Plan

     Plan Babysitting and Child Care Small Business Ideas to make money from Office

Parents of today world remains busy most of their times and don’t have time to give to their Childs. That is the reason they always need a babysitter or nanny to take care of their kids when they are not at home. The main thing is how to find right baby sitter for taking care of your baby or child and is very difficult and stressful. There are many companies or firms that provide best baby sitter or nannies for the families with guarantee. 

The business of baby sitting is very popular and most demanding business nowadays because of big demand by parents of babies or child. This is not a small business but can be very profitable business for those peoples who want to earn money. Peoples mostly plan time that is away from their babies so they need to find a trusted babysitter to take care of their baby.

Peoples always think of babysitter when they need to hire but the thing is when to hire babysitter or nanny for your kids. Usually peoples pay lot of money to babysitters or nannies for taking care of their babies. That means that the companies that are providing babysitters to parents are making money easily and with no big investment. Peoples mostly trust on companies because they are the guarantee of the babysitter because no one wants to hire stranger for taking care of their babies.

If you really want to start babysitter business then find best location for your office and advertise your business in the newspapers and magazines to get more and more clients. Before starting babysitter business visit the market and see the competition that babysitter companies are having and then decide the charges to provide babysitter services. That means that this business needs experience and skills and investment so that it will be easy to make money.

Lawn keeping Business Plan

     Plan Lawn keeping Home Business Ideas to make money from Home

Lawn is basically an area that is usually short and has grass in the yard or it can be a park. Actually lawn is an area or land that is planted with grasses and with some other durable plants that can be maintained at a low or consistent height. Lawn experts always agree that most of the lawn problems are caused of not mowing plants or grass at their proper height and also problem occurs when the lawn keeper not keep blades of lawn mower sharp when there is a season of mowing.

Usually the grasses in lawns have specific height for best performance. The increase in the density of lawn and low problems of lawns are because of best mowing ways that keeps the lawn grass at its best growing height. The business of lawn keeping is small business but makes money if started professionally or with some investment. Peoples say that lawns are the centre piece of the garden they need proper attention.

Lawn keeping is very profitable business and can be started from home with some investment that can be used to buy or hire equipments or tools that are needed for the lawn care. Every gardener knows that the garden will always be beautiful with the lawn care. Lawn keepers are the most experienced and skilled persons that know what to do to keep their lawn beautiful.

The business of lawn keeping can be started easily by hiring professional staff persons for your office. You can name your business lawn Keeper Company or firm and make money by providing best lawn care services or by providing professional lawn keepers to clients. That means that it is easy to make money with less or big investment and is also easy to earn big when someone have experience and knowledge of any business field.

Senior Citizens Care Business Plan

     Plan Senior Citizens Care Small Business Ideas to make money from Office

There are many caring centers that provide services to children and youngsters and elders. Usually it is very difficult to take care of children’s but taking care of elder is much easier then taking care of children’s because children’s are those that need training but on the other hand elders are those that done need any training. Elders are those persons that are also known as senior citizens so there is also a need of good care services for elders.

Today life is the busiest life that is why no one has time to give to family members such as kids or elders. In most of the countries both male and female do jobs to fulfill their daily requirements. That is the reason that they can’t give time to their family and leave their care on day care centers or on nannies. The business of senior citizen care is very good business if you start it with some investment.

Seniors are the most respectable persons in our life and when they feel ill they really need care and attention. Mostly there is no one in the home to take care of the senior persons so peoples search for best senior care services. The organizations or firms that provide senior care services take big money to provide best services. That means that the business of senior citizens care is very profitable business.

You can also start this business after getting experience in the field of care and should know the healthy tips that will help in giving proper care. Every business needs advertisement so advertise your business in the newspapers and magazines. This is the best way to make money by giving care to senior citizens. Start this business by hiring professional nannies that will take care of senior citizens. Earn money by starting any small business that suits your experience and skills and education.  

Delivery Service Business Plan

     Plan Delivery Service Small Business Ideas to make money from Office

Delivery services are basically those services that are provided on orders of customers. Delivery services can be of different depending upon the services types. The business of delivery services can be started according to your field like if you are expert in cooking then you can start food delivery, lunch delivery or dinner delivery services business.

Usually delivery services are those services that are like couriers and can provide special services for special deliveries of packages, money, some documents or can be delivery of informations. The delivery services business can be profitable business if started with good experience and with skills of making clients. This is the best business that don’t need any big area or special place to start and can be started from home.

To start this business first of all decide what type of delivery services business you can start and what will be the services. Search the market for other delivery services business to get ideas of how to start business and what will be the profit. Always start that business in which you have specialty so that it will be easy to run it properly and to make money. Sometimes the businesses need big investment and sometimes businesses don’t need.

Look around in the market to judge the rates and decide of fix rates for your delivery service. Usually delivery services charge in kilometers or in miles according to area, so think before charging customers. You will need to hire delivery persons if you don’t want to deliver yourself but its better to deliver yourself in the beginning of your delivery business. This is the best business that doesn’t need big investment but can make very big earnings. 

Newspaper Distribution Business Plan

     Plan Newspaper Distribution Small Business Ideas to make money from Office

The business of newspaper distribution is also very profitable business and can easily be started with less investment. The main job in this business is to get the newspaper from the press and then distribute it to all readers. Mostly all large newspapers sometimes publish two, three or four editions that should be ready to leave the plant of newspaper at fix time. The first edition from all these editions is sometimes called the bulldog edition that can get to the outer limits of the newspaper circulation area.

All the remaining editions always contain freshly news and always go to smaller areas. Usually the final edition of the news that goes to the press in night will always contain the latest news but that news will only cover the smallest geographical area that can be a city. All the contractors that are called carriers always buy the copies of the newspaper at cheap and discounted prices and then deliver those newspapers in high prices by using their own personal vehicles.

The bicycles were used mostly when the afternoon newspapers were the most common. In any country the first job for a youngster is to deliver the afternoon newspaper in their neighborhood. The business of newspaper distribution is very profitable business and needs investment for vehicle to distribute the newspaper. No need to find any office you can start this business as mobile newspaper business and can make big money.

Usually the circulation department always draws the routes that are provided to the different distributors. So talk with the circulation department of the press and take best routes in which the readers are in big quantities. That means that the business of newspaper distribution is totally profitable business and needs no big investment. You can also make money by starting this business so start this business and make money easily by distributing newspaper to readers.

Freelancing Business Plan

     Plan Freelancing Home Business Ideas to make money from Internet

Actually the freelancing is the most reliable and the easiest, fastest and low costly way to start work for you. Usually the freelancers are the writers or artists that sells services to many different employers on small contracts and don’t make any long term contract with any of them. All the freelancer or freelance workers are those that are self employed and are not committed to any particular employer for long term basis.

The freelance workers are those workers that are usually represent by a company or agency that helps and assist in finding best contracts or works. Actually the freelancers are those persons that are declared public contractors and are well specialized in many different types of fields. There are many freelancing websites that provides best online marketplace where the employees can post their work easily.

The business of freelancing is also very profitable business and can easily be started with less investment. The business of freelancing also does not require any big area or land to start. This is basically a business in which you can work in pajamas or while sleeping because there is no boss looking on your shoulders. The business of freelancing can also be a challenging business and freelancers can face many types of troubles in their life such as where to find the clients, how to manage your precious time etc.

The business of freelancing is supposed to be the part of fun because if you start this business to enjoy your life as well as to make money then you will never find and struggles. Start this business with some investment and earn big money for your family. All those peoples who have very vast experience in the field of freelance can easily started freelancer business and can make big money easily.   

Web Design Internet Business Plan

     Plan Web Design Internet Home Business Ideas to make money from Internet

Web design is basically a process of designing websites and is also a collection of many types of online contents that can include application and documents that always resides on the web server. In other words the process of web designing basically includes post-production, planning, advertising, research and media control actions that are applied to all the pages of the website and is applied by the designers for some specific purposes.

Websites can be divided into many pages but the most important page is home page. The home page usually has the main objectives that are entered to the site and has highlights of the daily updates that can contain hyperlinks. The business of web design is increasing day by day and is the most demandable business nowadays because of much demand by peoples of the world to have their own website. The business of web design is small business that need no big investment and can be started with small investment.

Web design is basically used as general term to describe many various tasks that are involved in creating a webpage. Web usually consists of myriad pages that always present information with the help of different technologies that are useful in creating the website. Actually there are two basic aspects of web pages that are found on the internet that are presentation and the second one is back-end.

The business of web design can be very profitable business if started with some investment. Web design business can be started easily if you open office in any business area. Before starting a new business always make business plan to know the startup cost and to start business professionally. The business of web design is small business but is very profitable business and can be started by computer professionals. If you are computer professional then start this business and make money. 

Affiliate Marketing Internet Business Plan

     Plan Affiliate Marketing Internet Home Business Ideas to make money from Internet

The affiliate programs on the internet always make a big profit and also very effective internet business idea. There are many methods that are used by peoples of the world to make money online but from all these methods or ways the best way to make big money is to do affiliate marketing. The affiliate marketing internet business is the easiest way to make money but it is only possible when you know how to make it by affiliate marketing.

Actually the affiliate marketing is a business that rewards when one or more then one affiliates for each visitor or customer is brought with the help of own marketing efforts. Some of the best examples that include are rewarded sites (these are those sites in which users are mostly rewarded with cash or gifts) and the referral of others to their site. It is clear that the business of affiliate marketing is very small business and can be started with less investment.

The system of affiliate marketing sometimes overlaps with small degree of internet marketing methods but on the other hand the affiliate marketing system always uses the regular advertising methods that are required mostly for affiliate marketing. There are many things that are included in these types of methods such as organic, search engine marketing, search engine optimization; e-mail marketing and you can say it can be display advertising.

Basically the internet affiliate program and affiliate marketing networks are mostly used to market online different type of goods and services. There are basically two ways that are offered by internet affiliate programs. The business of internet affiliate marketing is very profitable business and don’t needs big investment. You can also start this business with some investment to make big money. Search the internet or market to find the best way to start affiliate internet marketing business to make big money.  

EBooks Marketing Internet Business Plan

     Plan EBooks Marketing Internet Home Business Ideas to make money from Internet

There are many types of internet marketing businesses that make money online and are supposed to be the best way to generate money on the internet. From all these businesses types there are one business that is mostly started by peoples that is E-Book Internet marketing. Actually the word e-book means an electronic book that has publication in digital form or consists of images, texts or both and are published with the help of many resources on computers and also on other electronic devices.

Nowadays e-books are the best source of making money on the internet and peoples mostly trust the e-book marketing sites. This is the best way and has many great options to make money online because nowadays the most useful form of information about any product is the e-book. The business of e-books is good business to generate some money online because e-books can be an excellent method to market online.

Today e-books became the most common commodity for peoples on the internet because it allows downloading e-books from different websites and also from e-book stores. The e-book store is basically a store where there are varieties of e-books that are published for sale. If you have an internet business or you use internet in your daily routine then think of starting e-book internet marketing business.

The business of e-book internet marketing does not need any type of big investment and can be started when some one has knowledge of using internet and also knowledge of internet marketing. You can also start this small business by deciding what type of e-book internet marketing you want to do. You should know one thing that the business of e-book internet marketing is the business in which you have to sell or create information on your own website. Better to start this business with less investment because it’s the best way on internet to make money online. 

Internet Marketing Services Business Plan

     Plan Internet Marketing Services Home Business Ideas to make money from Internet

The internet marketing is the best way nowadays to make big money that is the reason that more and more peoples are doing internet marketing services business. Internet marketing is trying to tell the world the best ways to utilize the World Wide Web to promote their companies and their services and products on the internet to make money online. The internet marketing is also called as web marketing, e-marketing, and online marketing.

The word internet marketing or web marketing is basically the process of marketing or promotion of different services and products of specific company on the internet. Internet marketing is basically considered to be the broadest in scope because internet marketing is not only the way to market on the internet but the internet marketing can be done with the help e-mail and wireless Medias.

There are many things that are grouped together under the internet marketing such as digital customer data or electronic customer relationship management. The business of internet marketing services is very good business and has very big profits and can easily be started from home. That means that the business of internet marketing services is the biggest business idea that can generate big money.

Usually the internet marketing services are adding very broad components for different types of companies so that they can use different means of increasing sales even you do business online or have completely done business online. You can start internet marketing services business and make profits that can’t be made from other resources. Start this business and make money easily by investing less or big.  

Virtual Assistant Internet Business Plan

     Plan Virtual Assistant Internet Home Business Ideas to make money from Internet

The virtual assistance is a person that provides wide varieties of services that can are required businesses. By starting virtual assistance business it will be easy to focus yourself on the niche market or industrial market to get more and more success. Actually the industry of virtual industry is growing fastly and is becoming very popular for all those peoples who always want to run their own business from home.

Virtual assistance helps us to do the best things that can change the life of the prior employers. Actually the virtual assistance business is a small business that doesn’t need big investment and are low costly business. The main thing in this business is that it can be started as part time business and in short way you can say that this business is actually an area that is mostly seen as trendy with the help of good deal of growth.

There are many things that you should remember before starting business of virtual assistance that can be many but some of them are

•    Start the business of virtual assistant when you have excellent typing speed with some proofing skills.
•    Great skills to help others are required for this business.
•    Internet familiarity is must to start this business.
•    Virtual assistant business owners should know many peoples.
•    Business owners should be more capable to make great income.


If you follow these simple ideas then it will be easy for you to start your own business of virtual assistance. That is the reason the virtual industry is growing very fast and has also become very popular for all those peoples who need to run their own businesses. You can also start this business and make money by helping others. The business of virtual assistance is the most demanding business nowadays because its easy to start and don’t need big investment. 

Beauty Parlor business ideas Business Plan

     Plan Beauty Parlor business ideas Business Ideas for Women to make money from Office

You must also pick your location carefully. You won’t go wrong picking a mall. It’s a good idea to pick an area with lots of foot traffic. In this way people will feel more convenient to come to or visit to your salon.  

It is important to buy high-quality things like shampoos, wax, threads, creams for facial, manicure, pedicure, and chemical for nails, hair. Don’t use inferior brands and don’t compromise on quality. And also buy high-quality and branded equipment for different treatments.

After picking your location and buying your equipment, it’s time to recruit good people for your parlor. They should have the technical expertise and professional. Your staff should have to undergo regular training to update them on new products, hairstyles and customer services.

A salons best marketing tool is word of mouth. If your clients is happy with the results and services you have provide then he or she will visit you again. In this way satisfied clients can then help advertise your business to their family, friends and colleagues. Salons flourish on an environment that is clean relaxing and safe. And customer can receive professional and prompt services and your client must be able to trust that the products and tools you are using use for services are safe and without any kind of infection. Work area should clean for several times and salon should be thoroughly clean, preferably at the start and end of the day and in-between clients. Be sure your towels, footbaths, and other equipments are washed, clean and odor-free. 

Ideas for Starting Hotel Business Plan

     Plan Ideas for Starting Hotel Small Business Ideas to make money from Office

Perhaps the first thing you should consider if you want to establish your own hotel, before any work and business begins you must know that the location you desire is properly zoned for a hotel. You must check with the property authority yourself and see the property in writing. Your plans can be ruined from the start if you are not zoned correctly.

Hotel entrepreneurs should consider using the services of an experienced professional who knows the local government's rules and regulations and will follow attaining all of the proper permits and licenses on your behalf.

Not only do you have to make sure all the work, system and services are working properly as well as you have also train a new staff to work together effectively and efficiently.

Before the opening of a hotel you have to send out free invitations for a free lunch, dinner and free drinks at the hotel. Make these invitees feel like VIPs in this way your hotel will get enormous publicity.

You can also get help of media to hit the wide range of customers. For this purposes you should take the help of those means of communications which hit the masses for example newspapers, TV and radio.

Publicly Celebration of special events at the hotel can be very effective for the publicity of the hotel.

Article Writing Home Jobs Business Plan

     Plan Article Writing Home Jobs Home Business Ideas to make money from Home

In today’s world of technological revolution the appetite for knowledge and information has immensely escalated to Diasporas of the world. An article may be related to scientific, biography, entertainment, business, hobby or political issues. In an article the writer should keep in mind the type of audience which he/she is going to communicate to through this piece of writing. The title of the article should be a catch phrase, where the reader could perceive its importance at the first look.

In a country like Pakistan the economic growth rate is very slow in comparison to job opportunities and population growth rate. Annually, thousands of hundreds of students appear in the job market. Negligible proportion of the graduated students avail their selves of occupations in different fields, but still a huge number of graduates is lagging behind in availing jobs.

In Pakistan, through out the medium of instructions is English. English is the cry of the day, no organization, institute or a business firm is exception to English. One can easily earn money, while sitting at home. How to earn money at home? As discussed earlier that article writing is required by every field like business, scientific research, showbiz, politics, music other useful hobbies. A graduate doing well at English communication specially English Article Writing can start today this home based business and earn money, commensurate to his or her ability. He/She can earn money on daily, weekly or monthly basis. He/she will not be dependent on their guardian any more.

Organizing Your Own Real Estate Agency Business Plan

     Plan Organizing Your Own Real Estate Agency Small Business Ideas to make money from Office

Now a day people look for suitable house, flat, apartment or any kind of residence which is quite suitable for their requirements. They suggest with their relatives, friends or even the property advisors. The people doing business in property matters give advice them for purchasing their home at suitable place and in return they charge their commission. This type of business helps them to earn money and becomes very attractive business. Before starting this business, keep in mind some useful points which will help you in grooming your business.

Legal Requirements

Organizing:

First of all you will have to get knowledge about the business which you are going to start. You will have basic knowledge regarding property or real estate agency after passing estate exam, then you can get real estate business license. You should have thorough knowledge about property matters and rules and regulations. Then you may establish your own real estate company in order to initiate your business.

Placement:

You should establish the office of your company at a place from where everyone can watch your office easily. It should be convenient for the customers to approach your office easily. The signs boards and other related board should he hung at main positions, having necessary information regarding your office and your business. The sign board should be in bright and shining colors and try to make it different from others surrounding it. The writing material should be in easy and comprehensive language. The outer side of your office should be in decent color and design which differs it from other commercial areas.

Tools:

Your office should be white washed in decent color and design. The ceiling should be made with fine materials and in decent designs. Then spread carpet in attractive design and color.  Place some chairs and tables for your staff. Make a small room bisecting the hall of the office as your office. Place a book shelf for keeping files and other necessary papers there. Place sofa for the visitors which will provide them comfort and easiness. Buy two or three computers having installed with Microsoft office with the internet facility connecting with each other. Different kinds of stationery including papers, pencils, ball points, folder, binder and some file covers etc should be purchased.

Marketing:

In the present time no business can be successful with a strong publicity. Advertisement of your company should be got published in newspapers which have sufficient publications. If it is possible then develop the website of your company giving detailed information regarding your business. Adopt some other useful means to develop your business like announce the gift hampers which will be announced in a draw.

Start-up costs?
In advanced countries this business cost $ 10,000 to $ 50,000 and in Pakistan this business is estimated for Rs. 20,00,000 to 1,00,00,000 to initiate it.

Possibility to work from home?
Yes.

Possibility to work part time?
Yes.

Possibility to enter into a franchise agreement?
No.

Possibility to work remotely?
No.

Establish Your Own Travel Agency Business Plan

     Plan Establish Your Own Travel Agency Small Business Ideas to make money from Office

Now with the increase in trend of travelling to different cities and countries, a large number of travel agencies have been developed. As population is increasing, a large number of various professions have been developed. The profession of travelling agency is not new but now it is developed and become modern with the introduction of new machines and tools. Now travelling has become more convenient and safe as compared to the past, similarly the function of all travelling agencies also become easy and quick by the adoption of internet and computer technology. If you have some money then start this business and earn a lot of money in addition to other information regarding various countries of the world.

Fundamental Necessities:

To start any business you should aware of all legal requirements, the rules and regulations to run the business, travelling agency license and permits which are pre-requisite for this business. The location of the office should be suitable and accessible as most number of passengers and travelers can access it. The best site for such kind of business is any super market or plaza which is convenient for most of the people. Some people do it on internet for which they establish such offices in homes which creates problems for most of the people. The people having less education will not like such type of offices because they create hindrance for them. Online business is not popular in our country.


Essential Equipment:

White wash your office in new and trendy style. Purchase furniture in innovative style which gives unique look to your customers. Buy bookshelves, desk and chairs for office use. Buy sofa for your customers. Then buy computer with high specification which will be required to you for making booking and other transaction and contact with others. You need printer and fax machines for taking out prints of your documents and send them to somewhere else. Try to accommodate your customers in efficient way so that it can become the reason of promoting your business.


Publicity and Advertisement:

To run the travelling agency business, we will have to advertise in newspapers and in electronic media about our travelling agency. Advertisement in electronic media is very costly so it should be followed cautiously, but we can adopt other means to advertise our services. We will promote our agency through business cards, folders and other stationery items through which we make our agency known to a large number of people. We can develop our website giving full details of our services in an attractive and elegant way. Our behavior and nature of work will also attract the customers if they visited our agency which is the prime priority of our company. If we deal with them efficiently then they will automatically draw the attention of other people to us.


Start-up Expenditure?
From $25,000 to $ 150,000.

Possibility to work from home?
Yes.

Possibility to work part time?
Yes.

Possibility to enter into a franchise agreement?
Yes.

Possibility to work remotely?
Yes.

Leading Companies in the World

Every year the list of richest people in the world is published and the list of leading companies with huge financial resources and assets is publicized. The things that take the companies at the top of the list are their profits and amount of assets, which are important for a company. According to the strategies of the market, the companies with sound profitable ratios and healthy financial resources are the factors for maintaining its strong goodwill in the market. Both of these things decide that which company will survive in the market and which one is going to end up its operations in the future. If we talk about the top ten companies of the world, definitely, these will have both the things at best of their level. Following are the top ten leading companies in the world.

JP Morgan Chase & Co.
It is American based multinational bank, which started its operations in 2000. Its head quarter is in New York. Its revenue for the year 2011 is $89.660 billion, which is double in this year. This bank provided 16300 job opportunities.
Bank is offering investment related options, securities and retail. According to the assets and capitalization it is the largest bank of United State of America. It is the world’s largest public limited company with assets of $ 2 trillion.
The services offered by this bank are:

• Investment banking
• Asset management
• Private banking
• Private wealth management
• Treasury and securities service

HSBC Holdings
It is the largest bank of Europe and ranking wise it is 2nd largest bank of the world. It has its branches in the whole world. It was established in 1991. Its revenue is $105.804 billion in 2011.
General Electric
Ranking wise it is the 3rd largest company of the world. It is working for the sectors: technology infra structure, capital finance, consumer and industrial sector.
Exxon Mobil
It is the multinational company of oil and gas. Its head quarter is in London and it is working in 90 countries of the world. Revenue of the company is $486.429 billion in 2011.
Royal Dutch Shell
It is known as ‘Shell’ in the whole world. Its head quarter is in Netherlands and registration office is in London. It is the 5th largest company of the world with revenue of $471.171 billion in 2011.
Petro China
It comes on 7th number in ranking of the world with the revenue of $221.51 Billion.
ICBC
Industrial and commercial bank of china is the 7th largest company of the world.
Berkshire Hathaway
In 2010, it was on 15th number, but now it is on 8th number. It was established in 1953 and has revenue of $143.688 billion.
Perturbs Petroleo Brazil
It is 9th largest company operated in gas and oil sector. Its revenue is $103.7 billion.
City Group
It is also a bank and comes on 10th number in the ranking. Its revenue is $65.81 billion.

Forex Trading In Urdu

Forex trading means the transaction in which one party exchange one currency with another currency. You can say that the forex trading is a business of foreign exchange market in which parties exchange currencies for the sake of profit. In foreign exchange market people invest in currencies that are high yielding and get their profit due to these high yielding rates.

The Forex term was introduced in early 1970s by converting the fixed currency into the new artificial currency. Since then, the market is attracting many traders through beneficial strategies of different transactions. Forex trading is not just a central market, but it consists of thousands of trading institutes Government banks, multinational and local trading companies. That’s why, Forex is not related to any particular place and most of the Forex trading is done through the main and vital trading institutes and centers. As for example the most vibrant markets are; London, New York, Hong Kong, Singapore and Frankfort markets where a big community is involved in the Forex trading for the purpose of investment and business transactions. Apart from this, Forex market also welcomes small investors to try their luck in the business world. New policies are being established for ensuring easy approach towards Forex market that would be helpful for boosting the volume of business transactions and for the improvement of rules and regulations of Forex trading.
Benefits of Forex Trading:
The simple way to understand the forex trading is that if you entered in the market for the exchange of currency, it is forex trading. Due to the flow of currency, the value of money fluctuates, that’s why country’s economy hunts by various national, international level and people make money by this up down method. This speculation of money is called forex trading. There are several benefits of forex trading.
• One can get the higher yielding rates from the exchanges of money. Purchasing currency on a lower rates and then sale it on high rates makes you financially strong and also gives higher profit.
• Forex trading actually is a type of liquid market where you can deal in liquid money.
• Forex Markets works for 24 hours a day and 5 days a week.
• The easy availability of cash is another reason of forex trading that gives broker the chance to earn high profit by reselling the currency.
Misconception about Forex Trading:
There are many benefits of forex trading but there are also many misconceptions about this trading. When a new broker enters first time in the market without any knowledge or experience then there is chances fraud. Mostly people think that forex exchange and stock exchange are the different names of same business. But the reality is the forex exchange means exchange of the currency and stock exchange deals in every type of stock not only in currency.
The other misconception is that people think that forex is free from commission, which is wrong concept. You need a good broker for the purchase and sale of the currency and broker knows it well how to deal with it? The profit you earned has the share of the broker that share is known as commission.
So, we can say that there are equal advantages and disadvantages of forex trading. For forex trading there is need of accurate and timely information for the success.