I regularly scan various resources for new possible ecommerce and other online businesses to buy, such as Flippa, a selection of webmaster forums, Sitepoint and other classifieds. But one of my least favourite places is eBay.

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No doubt you’ve heard it before ‘test, test, test’. I use the simple phrase quite often myself. No matter what you do it is good to test things. And over time a major benefit of testing I have noticed is the power of memory, you remember much more easily what works and what doesn’t.

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There was an interesting thread started in the DropshipHelp.co.uk members area recently which asks about the “best money making internet business”.

Diversifying From Ecommerce

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Here is a short list of a few of the business sayings (or whatever you want to call them ‘rules’, ‘quotes’, ‘mottos’ etc) which I have written down in my main work folder I use every day. I find they help remind me constantly what rules to follow and where it may lead me.

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Often in business, and life, it is good to quit and let things go.

I quite like it when people say “winners never quit”, and I always reply with “yes they do!”. But it is when that matters, they know the right time and they are able to let go.

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There is no worse feeling then ‘What was that idea?’. I remember when I was at school, I used to daydream my way through most lessons. I think the daydreaming has done me a lot of good, had I paid more attention no doubt I would have done better in exams, but I don’t care, the daydreams helped feed my business desire and ‘idea & creation ability’ (that sounds good!).

However, the one big thing that I regret is I never wrote any of my ideas down, nothing, not a sausage.

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I’ve posted a couple of times on this blog about why now is a good time to invest. I personally am reinvesting most of my profits until we are out of the recession, the idea being I will be in a good position when the economy picks up. A strategy I highly recommend if you have the money right now.

Daily I read business forums, newspapers etc and generally try to keep track of financials that affect me. But one that completely bypassed me was the AIA, or Annual Investment Allowance.

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You may have seen the article this week about the eBay seller who has been caught selling fake designer clothes, cosmetics and computer games.

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Sunday April 5th 2009 is the end of the current tax year, and it is fast approaching (6 days away at time of writing). So make sure your accounts are up-to-date and everything in good working order. This makes preparation of your final accounts much easier.

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