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Added for You - Make Your Small Business a Gold Mine in 4 Steps!
Today, pick up on this Small Business Owner Marketing tip and begin applying it to your marketing materials to see an increase in sales, ultimately maximizing your profits and gross numbers. These 10 steps to Small Business Owner Marketing are guaranteed to make your profits rocket through the roof! They may sound easy but how many do you apply on a daily routine? Keep at it and pick up these Small Business Owner Marketing tips for your new level of business right now.#4 Word PerceptionGreat ma
Some day you may want to sell your company. If you’ve planned correctly--you could have your own private gold mine or better still your own private Bank.
Just so we’re clear…I think working for a corporation as a career is folly. In subsequent articles I’m going to make my point that depending on a long term job, with a large company that will be financially sound 15-25-40 years from now is not good planning. There are all kinds of small business opportunities today, like never before, that can bring financial independence to you and your family. I will offer example
When marketing themselves to leads and prospects there are five common mistakes people make, all which can be easily avoided by finding the right balance to maintain your personal and professional integrity in all pursuits.Five common mistakes many people make are;1. Talking too much.Enthusiasm sells! But don't talk too much about yourself - focus on your prospects needs and wants and how you can solve their problems.2. Not listening.All good marketers have exceptional listening ski
Here’s how:
- Make sure that your business, whatever it is today, has the legs to grow into the future.
If your business is in a dying industry, and you know it, then find an economical, sensible way to get out. For instance, I have clients in industries that are losing business to China…and I mean rapidly. If these domestic companies don’t quickly find joint venture partners in China they won’t survive another three years, maybe less. Research like crazy to be sure that your company’s products/services have survivability.
- Make a business plan for this current year and for each year for the next five years
Do not delay in doing this. I know that making a business plan is a pain, particularly if you’ve never created one. It’s also hard seeing five years out. But try anyway. Think what your customers and their marketplace will be looking for five years down the road. Get out from behind your desk and go see your customers. Ask them questions. Listen carefully to their answers.
- Hire the best people you can find and do whatever you can to keep them enthused and happy.
Give them responsibility. Help them plan their own careers and their personal lives around your company. Try to give/ sell your key people equity in the business. At best you can create ownership for your people. Your success and financial future is in lock-step with your employees. Be hard nosed about hiring and keeping the best people. Set up a “not to be violated” model for employee re-cruiting. Do not waver. Never hire an inferior person because you might be needy at that time. Be sure your people understand what you want from them. Even more important is that you know what they want from your company---then help them get what they want and you will realize much more than you even planned for.
- Watch your cash and your cash flow.
That isn’t saying the same thing. Whatever your system you use, complex or simple, get a cash balance everyday. You also should look at how much cash has come in for the week to date, month to date and year to date. These are simple items and are easy to generate. You must also receive a daily cash outgo report. Demand that a Profit and Loss Statement and a Balance Sheet are on your desk no later than 10 days after the end of the previous month. Do not accept excuses for not receiving this information. At the end of every week, look ahead to the next week to forecast your AR and the AP list. Run current aging reports every month. Speak to your outside accountant once a month when you receive your financials from the prior month.
Once a year ask your accountant for an appraisal for the market value of your company. Basically, it’s nice to know information, even though retirement may be years away. Do not depend on anyone, nor count on any “outside” retirement plan to fund enough money for your retirement.
Check out these links for almost every day-news about retirement age people who have been victimized by their own employers and the economy:
Some day you may want to sell your company. If you’ve planned correctly--you could have your own private gold mine or better still your own private Bank.
Just so we’re clear…I think working for a corporation as a career is folly. In subsequent articles I’m going to make my point that depending on a long term job, with a large company that will be financially sound 15-25-40 years from now is not good planning. There are all kinds of small business opportunities today, like never before, that can bring financial independence to you and your family. I will offer example
Ready to accept credit card payments for your e-business? Learn everything there is to know about getting a merchant account. Thinking of going online to expand business in this e-commerce era? Accepting and receiving payment is a tough challenge. Foremost, familiarize yourself with the jargon of Merchant Accounts.All merchant account providers offer different services to enable you to accept online payments through credit cards. Take your time to choose best and appropriate merchant account provider by exp
Do not delay in doing this. I know that making a business plan is a pain, particularly if you’ve never created one. It’s also hard seeing five years out. But try anyway. Think what your customers and their marketplace will be looking for five years down the road. Get out from behind your desk and go see your customers. Ask them questions. Listen carefully to their answers.
Give them responsibility. Help them plan their own careers and their personal lives around your company. Try to give/ sell your key people equity in the business. At best you can create ownership for your people. Your success and financial future is in lock-step with your employees. Be hard nosed about hiring and keeping the best people. Set up a “not to be violated” model for employee re-cruiting. Do not waver. Never hire an inferior person because you might be needy at that time. Be sure your people understand what you want from them. Even more important is that you know what they want from your company---then help them get what they want and you will realize much more than you even planned for.
That isn’t saying the same thing. Whatever your system you use, complex or simple, get a cash balance everyday. You also should look at how much cash has come in for the week to date, month to date and year to date. These are simple items and are easy to generate. You must also receive a daily cash outgo report. Demand that a Profit and Loss Statement and a Balance Sheet are on your desk no later than 10 days after the end of the previous month. Do not accept excuses for not receiving this information. At the end of every week, look ahead to the next week to forecast your AR and the AP list. Run current aging reports every month. Speak to your outside accountant once a month when you receive your financials from the prior month.Once a year ask your accountant for an appraisal for the market value of your company. Basically, it’s nice to know information, even though retirement may be years away. Do not depend on anyone, nor count on any “outside” retirement plan to fund enough money for your retirement.
Check out these links for almost every day-news about retirement age people who have been victimized by their own employers and the economy:
Some day you may want to sell your company. If you’ve planned correctly--you could have your own private gold mine or better still your own private Bank.
Just so we’re clear…I think working for a corporation as a career is folly. In subsequent articles I’m going to make my point that depending on a long term job, with a large company that will be financially sound 15-25-40 years from now is not good planning. There are all kinds of small business opportunities today, like never before, that can bring financial independence to you and your family. I will offer example
A Knowledge@Wharton article based on joint research with the Harvard Business School says now may be the time to re-evaluate the corporate efficacy of process management and tailor them to the right applications. Studies show that misapplied process management can hinder companies and dull innovation. "In the appropriate setting, process management activities can help companies improve efficiency, but the risk is that you misapply these programs, in particular in areas where people are supposed to be innovative," not
That isn’t saying the same thing. Whatever your system you use, complex or simple, get a cash balance everyday. You also should look at how much cash has come in for the week to date, month to date and year to date. These are simple items and are easy to generate. You must also receive a daily cash outgo report. Demand that a Profit and Loss Statement and a Balance Sheet are on your desk no later than 10 days after the end of the previous month. Do not accept excuses for not receiving this information. At the end of every week, look ahead to the next week to forecast your AR and the AP list. Run current aging reports every month. Speak to your outside accountant once a month when you receive your financials from the prior month.Once a year ask your accountant for an appraisal for the market value of your company. Basically, it’s nice to know information, even though retirement may be years away. Do not depend on anyone, nor count on any “outside” retirement plan to fund enough money for your retirement.
Check out these links for almost every day-news about retirement age people who have been victimized by their own employers and the economy:
Some day you may want to sell your company. If you’ve planned correctly--you could have your own private gold mine or better still your own private Bank.
Just so we’re clear…I think working for a corporation as a career is folly. In subsequent articles I’m going to make my point that depending on a long term job, with a large company that will be financially sound 15-25-40 years from now is not good planning. There are all kinds of small business opportunities today, like never before, that can bring financial independence to you and your family. I will offer example
Have you read Claude Hopkins' book "My Life in Advertising?" It was written nearly a hundred years ago, yet its principles are just as important today as they were then.Life was different - simpler, yet harder in many ways. But people wanted then what we still want now. We want to buy products that live up to their promises. We want to buy services that do the same. And we want some assurance that there is a person in charge in case something goes wrong.Look how frustrated we all feel when we try to dea
Once a year ask your accountant for an appraisal for the market value of your company. Basically, it’s nice to know information, even though retirement may be years away. Do not depend on anyone, nor count on any “outside” retirement plan to fund enough money for your retirement.
Check out these links for almost every day-news about retirement age people who have been victimized by their own employers and the economy:
Some day you may want to sell your company. If you’ve planned correctly--you could have your own private gold mine or better still your own private Bank.
Just so we’re clear…I think working for a corporation as a career is folly. In subsequent articles I’m going to make my point that depending on a long term job, with a large company that will be financially sound 15-25-40 years from now is not good planning. There are all kinds of small business opportunities today, like never before, that can bring financial independence to you and your family. I will offer example
Many people who go to work in offices expect to work in a very clean environment. Everyone expects an orderly, sanitary work place. However, they never think about how it gets that way.Products UsedThe supplies janitors usually use include products such as soaps, buckets, rags, window cleaners and floor cleaners. These products are used to make sure that the working environment for those working in the office is comfortable and sanitary. A clean work place will allow for a productive workday. Havin
Some day you may want to sell your company. If you’ve planned correctly--you could have your own private gold mine or better still your own private Bank.
Just so we’re clear…I think working for a corporation as a career is folly. In subsequent articles I’m going to make my point that depending on a long term job, with a large company that will be financially sound 15-25-40 years from now is not good planning. There are all kinds of small business opportunities today, like never before, that can bring financial independence to you and your family. I will offer examples in future articles.
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