How to Find New Business Alternatives – The Most Amazing Revenue Generating Ideas Revealed!

Are you one of the millions of Americans living from paycheck to paycheck? Hardly have any savings with debts up to your eyeballs and no emergency fund? Worst, you have this recurring dilemma of wanting to leave your job and embark on new business alternatives but the problem is, you don’t know where to start, who to turn to and what kind of business to get involved with.

If you’re looking for revenue generating ideas to build your own business and take control of your income, your time and ultimately, your life, you’re not alone. Working for someone will not lead you to the life you have always dreamed of. And if you think you’ll get rich by being an employee forever, think again. The only person amassing wealth from your hard work is none other than your employer.

Now, if you can just replicate that hard work and apply it to your own business, imagine the potential income you’ll generate for yourself. You will never have to worry about money again. You’ll have more time to do the things you want to do such as spending more time with your family and take vacations when you want it.

You can start a home base business with minimal investment

For first time entrepreneurs, the initial roadblock that comes to mind with the idea of starting any business is the financial investment required to jumpstart it. Brick and mortar types need a considerable amount of money to get you started. But why risk a huge amount when you can start a home base business with minimal investment?

The internet presents business alternatives that were not available twenty years ago. Plus, you’ll never run out of options to choose from. The internet business is a global supermarket where anything and everything is available. Start by taking an inventory of what you want to do, your passions, your interests!

Another feature of running a home base business is that you have the option of not getting into sales and still make money from it. Big companies need people with specialized training and tools to help them generate sales from the internet. And these companies will pay you commissions from the sales you bring in to their company. So you see, once you have learned the tricks and trade of the business, you’ll be earning money even when you’re sleeping.

The internet has brought forth an entirely new way of doing business and making money online. With all the business alternatives available online, financial freedom in the shortest possible time is not at all impossible.

Dramatic Montenegro – Real Estate Investment Opprotunity in Montenegro

Sandwiched between Bosnia/Herzogovina, Albania and Croatia, Europe’s newest country boasts a stunning 294 kilometre Adriatic coastline, 117 beaches, the world’s second deepest canyon, lakes, mountains and Europe’s most southerly fjord. Visitor numbers are currently growing at 17 per cent a year – by 2014, Montenegro is expected to be the fastest growing tourist destination in the world.

These ingredients – plus a stable economy that already uses the euro as its currency – have made Montenegro one of the best property investment opportunities in Europe. It was less than 3 years ago when Someplace Else opened the doors of its Kotor office to intrepid investors, this early bird approach has paid off for many of our investors with prime seafront properties having tripled in value. However, there are still many investment opportunities in Montenegro and this potential will continue for several years to come.

The latest hot-spot is touted to be the ski area of Zabljak in the mountains of northern Montenegro; Someplace Else opened a small office in Zabljak just over a year ago and interest has been growing rapidly. In the mountains there are gorgeous lakes and rivers that have very little development. Zabljak is a location ripe for a resort that offers skiing in the winter and mountain sports the rest of the year. The fishing is extraordinary, and hiking rivals the best trails in Switzerland. There is a glacier on the highest mountain Dormitor, and there are huts for hikers all over the area. The developing adventure and eco-tourism market in this area will push prices up very quickly. Property prices are considerably lower than the coastal areas, with prices starting from £40,000 for a good size house in Zabljak. There is little investment here, and with the right advice, a lot of money could be made.

Lake Skadar and the beaches of Ulcinj in the south of Montenegro are areas emerging as hotspots. A year ago the Ulcinj area, renowned for its fine, light sand beaches, was of virtually no interest to buyers but things are quickly changing, especially with news that Roman Abramovich is looking to buy the eight-mile long Velika Plaza – or grand beach – where he plans to build a luxury tourist resort.

Lake Skadar is another neglected investment area that has a lot of potential in the future. The lake is one of the largest in Europe and the National Park covers 40,000ha with mountains encircling the lake on three sides. The scenery is breathtaking, perfect for watercolour artists! Plus it a bird lovers paradise with 270 counted bird species, some rarely found elsewhere in Europe such as the Dalmatian pelican and black ibis. Prices are just starting to go up, but you can still find a stone house on the lake for under £40,000. Someplace Else have just opened an office in Budva to be in a position to take advantage of this emerging area and to also offer more properties in the Budva area to our clients.

All the indicators point to a period of sustained economic expansion and further growth in Montenegro. Its newly gained independence will help set the tone, and the government’s determined pursuit of EU ascension will also encourage reforms and policies to remain on track. Hypo Bank has just started to offer finance for Montenegro properties and recent news that mortgage interest rates are dropping will help the market even further. All in all the picture looks very positive for Montenegro.

Typical Costs for Purchasing a Property in Montenegro

Deposit: 10% and the remainder paid on completion (approx 4-5 weeks)

Legal fees: usually between 700 and 1000 Euros for properties under 100,000Euros. Up to 1% for properties over 100K

Stamp Duty: 2%

Our commission: 3.9% (plus 17% VAT paid on the commission)

Capital Gains Tax: None

Pre-Closing Steps to Create a Great Residential Investment

An investor can easily step back after placing a project under contract and feel that until closing that there is little or nothing to do. Unfortunately, this is a critical mistake. Nothing could be further from the truth. Investors have to look beyond the closing activity and focus on their reports, market studies, and other information to develop plans, budgets, capital improvements, schedules, staffing and service additions to boost earnings, reduce costs, and otherwise secure the investment.

Sometimes thousands of dollars per month can be cut with a program of leak repairs.

Developing plans to place units on individual meters can net $30 to $60 per unit in additional profitability.

Examining the current management’s operation and developing techniques to add value that converts to higher rents or higher occupancy can net huge results. In one case I’ve seen effective occupancy was 84%. By changing office hours effective occupancy increased 10% and increased the property value by more than 50% because of the marginal effect on profits.

Creating plans to accelerate changes to the property to reposition or to turn over underpaying residents can create huge increases in revenue, profitability and value. Couple this with a plan to sell the property quickly after taking over and very large gains can be netted to the investors in a very short period of time.

In another instance the property had several undeveloped unoccupied plots. Keeping these off the note actually increases the value of the property because in general value is based upon profitability for the rented units. In turn, the buyer can turn around and potentially sell plots to achieve an immediate gain.

Ideas like these are found by walking through the historical expenses, old utility statements, the appraisal, the engineering report and surveys. Next, you should examine the properties zoning and see what opportunities this may offer.

The thorough buyer will spend days investigating competing properties management and marketing. Often times, there are differences that can be exploited for real gains.

Finally, traffic studies should be reviewed and frontage compared. If a property can be acquired with strong traffic seeking signage permits often can creates significant revenue for investors.

In short, the pre-closing period is an opportunity to examine your asset and with imagination, dedication, study, and intense review profits can be increased, risks can be reduced, plans to make early gains developed and the general asset value heightened to the advantage of you and your investors. Good luck and great investing!