Questions

Does anyone use woo commerce and know of a good plugin inventory system that can run stock take reports?

Low in stock reports, out of stock reports ect? Just something so i don't have to keep going into... read more

Brad Lyons
Brad LyonsOwner at SMS Fusion
There are heaps of plugins for Woo. I think you will find all you need here: http://codecanyon.net/search?utf8=%E2%9C%93&term=w...I wouldn't recommend any of the free plugins for Woo as they are generally not supported or updated for security. This place is good to buy from.
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Questions

I design websites specialising in hair extensions, hair websites/businesses. Is 'Hair and Beauty Websites' too boring?

Are straightforward names better than creative? read more

Steve Osborne
Steve OsborneOwner at Smarthinking
If for a business identity, I see nothing wrong with using 'Hair & Beauty websites' as a descriptor to accompany the business name, which can then be a little more creative, if desired.Alternatively, you could use something likeSilky Smooth (Name)Salon Websites (descriptor)Either way, make sure the descriptor phrase is in your keywords. You don't have to be boring, so long as you've got the pragmatic bases covered.
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Questions

What would you change about your life if you had the chance to choose exactly how you wanted to live it?

Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
I would avoid all non-essential debt. Debt strangles your cash flow and makes it harder to live the life of your dreams. Focus your money on experiences not things. The experiences you'll remember. The things you'll use a few times and forget or get rid of them.
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Career planning and job search

Goldman Sachs' HR chief says this is the key to writing a winning cover letter

Many people here already have the job they want - owning or running their own small business....read more

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Added via Business Insider Australia
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Questions

What is your backup plan for income?

No job is safe these days, no matter how important you are or how secure you feel. Even the Prime... read more

Asked by:
Richard Schembri
Richard Schembri Entrepreneur - Team Coach and Mentor in Network Marketing at Team Berrygood
Jef Lippiatt
Jef LippiattOwner at Startup Chucktown
Risk can not be completely eliminated. It can only be mitigated. As entrepreneurs we should be hyper-aware that risk is a constant as well as a variable. Consider that without risk there is no need to be an entrepreneur, but being an entrepreneur carries its own risks.This is truly a loaded question. Steven diversification above and he is correct, but that needs to be seen in more detail (I'll circle back on this below).Richard you have made some interesting suggestions, but they have risk as well. Take Intellectual Property, sure there is a reasonable expectation on return, but consider the cost to achieve the IP, just because you've secured IP doesn't mean it creates a product people want or need. Even if it leads to a product people want, it won't last indefinitely. The same is true of writing and selling a book. What if you spend all that time and money creating the book and no one buys it? What if the book sells well for a while, is that rate of sales sustainable? There is still risk involved.Diversification is the only way to truly minimize risk. I speak of true diversification, not in the sense of a Monetary Portfolio. This is what successful diversification looks like to me:The primary job is consulting. This leads to an offshoot of paid speaking engagements. The added visibility leads to writing and selling a book (while still consulting and doing speaking engagements). The book surfaces the opportunity to do training workshops (helping others gain your skills not applying your skills to clients, but still doing all of the above). The added projects have brought additional revenue. You decide to invest your extra revenue. You split your investments across Stocks, Bonds and Cash. You continue doing all of the above and decide you want to buy part or all of a related business but leave them to operate on your own. Now that you have all that going you realize you don't have as much time to do all of the above, so you cut back on training and open up an e-commerce store to sell whitepapers, training guides (CDs/DVDs) and other related material.This could continue on and on. The idea is that you are truly diversified. Sell services, digital products, physical products and be in different industries and verticals so that lows in one market are offset by another.I will say it again, risk can not be eliminated. It can only be minimized. The biggest risk is not taking any. Life is always changing so you must plan to adapt constantly.
Iain DooleyOwner at The Procedure People
The dole? Bar work? I think my backup plan for income is living very frugally. The amount my family and I live on at the moment means I could do just about any job in the world and we'd still be able to manage!
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Career planning and job search

How to Jump From Startup to Startup Without Hurting Your Career

It's not taboo to jump from job to job anymore. But you have to know the right way to do it. read more

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