Is there a way to determine whether you can be a successful entrepreneur, or you are better off to work for somebody else? Alas, there is no formula for success. However, most successful entrepreneurs share these ten characteristics. Check if you possess any one of them:

1. Think success.  To attain the kind of success that you want, you need to dream big. Every success story starts with big dreams. You need to have big dreams for yourself – which you want to be somebody rich, famous or fulfilled. You need to have a clear vision of what you want to achieve. But it doesn’t stop in dreaming alone. You should actively visualize success in your mind that you can almost feel it, touch it or it is within your reach. Play this image back at every opportunity. What does it feel to triple your current income? How will your life change? What will your business look like if you achieved the million-dollar mark?  Read more... (1510 words, 8 images, estimated 6:02 mins reading time)

Social media is fast becoming a good way to get good information about what is happening in the world of finance. You can get quick access to high quality information, the latest developments and helpful hints when you pay attention to what is being disseminated over social media channels. Here are 25 useful social media Web sites for financial professionals:

General Finance News

These social media Web sites offer news on a variety of subjects, allowing you to rank stories and share with your social network. You get a pretty good idea of the day’s headlines.  Read more... (1164 words, 8 images, estimated 4:39 mins reading time)

1. Tip’d Finance News is one of the premier social media Web sites for finances. Categories cover a number of investment sectors, as well as business, personal finance and real estate. One of the best places to see what is going on around the Web in the world of money and finance.

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A number of mentors, (including myself) receive questions on a regular basis asking for guidance on how to move beyond various obstacles.

We hear of a plethora of problems, such as:

• financial devastation
• home foreclosures
• job losses
• evictions
• relationship problems
• health difficulties and so on.

It can be heart-wrenching to hear stories of the horrific torment some people are going through.

Therefore I’m honored and excited to tell you that I have been asked to be part of a multi-media compilation that includes myself and 49 other mentors. Our purpose is to guide you through the rough times many are experiencing right now.  Read more... (190 words, 9 images, estimated 46 secs reading time)

Balancing your work and personal life on social networking tools such as Facebook has become more complex than ever — and the dangers go beyond the well-publicized examples of posting party pictures to your profile.

A more subtle faux pas can affect your online reputation and even future job path, as your friend list on Facebook includes both personal and professional contacts. Information you post can mess up your work relationships and personal ones in one quick swoop.

For example, the immediacy and ease with which you can post a quip on Facebook may get you into trouble if you’re teasing your significant other — plus tell work colleagues more than they need or want to know about your relationship. This recent story of a man caught cheating by his wife when she perused his iPhone got us thinking: In this day of gadgetry and near-constant contact via social networking, how can you avoid blunders that will deem you a thoughtless spouse, friend or colleague?  Read more... (1576 words, 73 images, estimated 6:18 mins reading time)

With only 140 characters to play with retweeting is like jamming a class into the corner of a classroom. No room to breathe. Claustrophobic.”

 These tips work for retweets and your own, original posts:

1) Don’t Multi-ReTweet: I know that people feel like they need to give credit to everyone, but if you’re running low on characters, cut out some of the RT’s and leave just the original poster.

2) Use Word Shortcuts: “with” becomes “w/”. “Love” becomes “Luv” Retweeting becomes “RT-ing” “Characters” becomes “Chars”. The last probably only works in the context of this Tweet. Point is, you have to be creative.

3) Drop Vowels: As long as it’s still readable, you can do things like turn “classroom” into “classrm”.  Read more... (407 words, 8 images, estimated 1:38 mins reading time)

Twitter is the easiest form of social media to measure, so make sure you’re getting the most from it.

The news is slowly sinking in that Twitter can help small businesses succeed beyond answering customers’ questions, networking and providing education. Within a fairly short period of time, Twitter could permanently change how small businesses operate to include hyper-local marketing, advertising, financial information, customer service, data mining, product and service alerts and micropayments.

Use Twitter to market your homebased business.

You’ve probably heard of Twitter, even if you aren’t sure what it is. Twitter is a free social networking and micro-blogging service–think public instant messenger stream.  From your mobile device or computer you send updates called tweets, which are text posts of up to 140 characters. Your tweets can be read by others, and you can sign up to follow the messages others write so that you can get short, quick updates from them.

As a homebased entrepreneur, Twitter gives you an open door to connect not only with other entrepreneurs but also other companies, marketing experts and more. As homebased entrepreneurs, these tips, connections and opportunities can spell great marketing options for you.  Read more... (637 words, 8 images, estimated 2:33 mins reading time)