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Add You - Your Profitable Business: THE 7 Essentials for Setting Up A Successful Enterprise
Whether it is a multi billion dollar corporation or a newly set-up small business accounting software is more than a mere convenience. It is absolutely crucial for any business, irrespective of its size. For with no proper accounting software, companies can find themselves unable to meet the mandatory compliance issues. Furthermore some others could even experience multi billion dollar financial fraud of the kind Enron and their like that have made very popular. More than the big corporations, it is smaller businesses that need professional accounting software. Since most of them are carry out small-scale operations and often too small to be able to pay for the services of a full time accounting professional, in fact they depend more on small business accounting software than their big counterparts. And through years, as an increasingly number of people have taken the entrepreneur way, small business accounting software has become a large industry in its own righ
Firstly consider the person that introduced you to the business (in network marketing groups, your upline or your director) as well as others that are in your team. It is also imperative to find guidance from others that are not affiliated with your company/association. Remember you want objective feedback. So try joining a local networking or leads group, or your Chamber of Commerce. There are also online business organizations that offer forums and resources for professional assistance. We are in the land of free enterprise, and there are many resources and professionals out there to help you succeed.
6. EVALUATE your business
Plan to evaluate. In my opinion, many businesses fail to execute this important step. This includes short term as well as long term evaluations. I suggest a 3 month, a 6 month and a end of year evaluation.
Have a simple system previously set up, in order to evaluate regularly. First, write what success would mean for you in different areas. Remember that profits are just one way to measure success! So besides financially (what you want to earn), include areas like emotionally (how you want to feel), growing in product knowledge, developing effective communication skills, etc. Then, use a scoring system of numbers 1 to 10 to gauge your progress: 1 is no progression at all, 5 you are midway at manifesting your goal and 10 bei
An elderly lady gazed at the array of smoothie options as she approached the counter at Freshens Yogurt in the DFW Airport. The line was quite long and I was eating within earshot of the counter. The interaction (note: an interaction, not a transaction) went something like this:Manager: “What type of smoothie are you in the mood for today?” Guest: “There are so many, I can’t decide.” Manager: “Well, No.1 and No.16 are the most popular ones ordered, but I’ll let you in on a little secret, No.18 is my favorite.” Guest: “I’ll try one of those.” The manager quickly made the smoothie and tendered the payment. As the lady began to leave, the manager said, “Please take a taste—I want to ensure you enjoy it as much as I do.” She obliged and responded, “Outstanding!” The manager replied, “That’s what I like to hear!”Now That’s Service!Great service not only for the guest who placed the order, but the eight others in line, as well as a lesson learned
Enthusiasm and excitement are definitely needed for launching any enterprise. But laying down a foundation from which to build a solid business is not only important: it’s crucial. The following are what I call the 7 Essentials that every business owner must do to create a profitable and enjoyable business.
1. EMOTIONAL Whys
Write down the reasons why you chose to start a business. Your list might include:
- To be at home with your kids or have more time with your spouse/significant other
- Have more time for other projects or continue your education
- Creating something that is uniquely yours
- Make a substantially larger income
- Commuting daily
- Working for another person’s dream and goals
- Being around negative people at your workplace
- Letting a boss/company decide your net worth
Also be sure to list all the reasons why you chose the particular service/product and company/association for your home based business. Hopefully, you have done your due diligence on the product, company and industry you are entering in. (For more information on this topic please refer to my article entitle: Home Based Business Seekers: You Must Read This Before You Choose Your Business!)
2. ESTIMATE income and expense
Remember, this is a business not a hobby! Listing your projected monthly expenses and desired income is crucial so you can plan for a steady progression toward your financial goals and to monitor your results.
Estimating Expenses
Here are some basic costs to consider:
Advertisement
How will you advertise your business? Internet or newspaper ads, buying leads, mailing out flyers or postcards, etc.
Marketing materials Business cards, brochures, website, etc.
Operational expenses Utility bills, equipment such as a new computer or fax machine, registering your business name, etc.
Estimated Income I suggest estimating your income by month for the next 12 months. I recommend asking several people in your business what their income is. This is not to determine what you will make, but give you a rough idea of what others are generating in your specific industry.
3. ESTABLISH your operation
Especially if you are transitioning from a current job, it is important for you to establish when and where you will conduct your business. If you have children, will you work when they are in school or after you put them to bed at night? If you currently working a full time job, will you set aside a half an hour of your lunchtime to market the business, or reserve some time on your days off? Also determine where you will work the business and, if possible, designate a specific area in your home. This could be a home office, or perhaps a corner of your bedroom. Communicate your needs with your family members or housemates and establish boundaries of your ‘do not disturb’ times when you are working, so that you can receive the support and cooperation you deserve.
4. ENVISION your ideal business
Get in touch with what your strengths and talents are so that you can create a business that reflects yourself as an individual, and therefore will be natural and enjoyable. How do you do that? One fun way is to sit down in a quiet spot and write down what an ideal day in your business would be.
Do you see yourself talking with people in person? Or are you one of those persons who feel more comfortable talking on the phone to prospects in your bunny slippers and robe? Maybe you’re a natural at speaking in front of groups, or you want to market your business through writing informative articles on your product and services.
What are the traits of your ideal client? (ie: timely for appointments, professional, communicative, positive, etc.) Perhaps you feel drawn to focus on a specific group of people, such as stay-at-home-moms, retirees who want to generate more money, or other like-minded entrepreneurs.
What ideas come to mind? For this exercise, don’t worry about how it will be accomplished, just let your ideas flow. Feel free to come back to this list for inspiration and add to it from time to time. If you really let yourself explore ideas you should feel a sense of excitement!
5. ELECT your board of directors
Many home based businesses, networking and multilevel marketing groups in particular, offer motivational speakers as a part of their training. For a moment, imagine a football team. These trainers would be the cheerleaders, who are important in the initial phase of starting your biz as well as when you find yourself wanting a boost about your business. However, like any great team, you need more than cheerleaders. You need coaches, people that will offer you objective feedback, brainstorm new strategies with you and give practical advice.
Firstly consider the person that introduced you to the business (in network marketing groups, your upline or your director) as well as others that are in your team. It is also imperative to find guidance from others that are not affiliated with your company/association. Remember you want objective feedback. So try joining a local networking or leads group, or your Chamber of Commerce. There are also online business organizations that offer forums and resources for professional assistance. We are in the land of free enterprise, and there are many resources and professionals out there to help you succeed.
6. EVALUATE your business
Plan to evaluate. In my opinion, many businesses fail to execute this important step. This includes short term as well as long term evaluations. I suggest a 3 month, a 6 month and a end of year evaluation.
Have a simple system previously set up, in order to evaluate regularly. First, write what success would mean for you in different areas. Remember that profits are just one way to measure success! So besides financially (what you want to earn), include areas like emotionally (how you want to feel), growing in product knowledge, developing effective communication skills, etc. Then, use a scoring system of numbers 1 to 10 to gauge your progress: 1 is no progression at all, 5 you are midway at manifesting your goal and 10 bei
Look around today, labels are everywhere. With tighter regulatory rules, better labeling is becoming compulsory. Labels should provide the end user with useful information to them. A great label can also make your company or product stand out. Walk down any isle in a grocery store or pharmacy, and you can see many brands for every product. How does the consumer choose? One way is the packaging. A sharp, professionally designed label can increase the chances that your product will be the one selected. Study after study shows that the packaging can increase the likelihood of selection from 20 to 65% among undecided shoppers.Do your labels save you time, effort, and money? Do they make your company look good and help you sell more? Do they adhere well, look beautiful, and last as long you need them? Or do they just stick? Discover everything your labels can do for you. You invest a lot in your labels--shouldn't they do a lot for you?Nearly every industry uses labels. They perfo
Also be sure to list all the reasons why you chose the particular service/product and company/association for your home based business. Hopefully, you have done your due diligence on the product, company and industry you are entering in. (For more information on this topic please refer to my article entitle: Home Based Business Seekers: You Must Read This Before You Choose Your Business!)
2. ESTIMATE income and expense
Remember, this is a business not a hobby! Listing your projected monthly expenses and desired income is crucial so you can plan for a steady progression toward your financial goals and to monitor your results.
Estimating Expenses
Here are some basic costs to consider:
Advertisement
How will you advertise your business? Internet or newspaper ads, buying leads, mailing out flyers or postcards, etc.
Marketing materials Business cards, brochures, website, etc.
Operational expenses Utility bills, equipment such as a new computer or fax machine, registering your business name, etc.
Estimated Income I suggest estimating your income by month for the next 12 months. I recommend asking several people in your business what their income is. This is not to determine what you will make, but give you a rough idea of what others are generating in your specific industry.
3. ESTABLISH your operation
Especially if you are transitioning from a current job, it is important for you to establish when and where you will conduct your business. If you have children, will you work when they are in school or after you put them to bed at night? If you currently working a full time job, will you set aside a half an hour of your lunchtime to market the business, or reserve some time on your days off? Also determine where you will work the business and, if possible, designate a specific area in your home. This could be a home office, or perhaps a corner of your bedroom. Communicate your needs with your family members or housemates and establish boundaries of your ‘do not disturb’ times when you are working, so that you can receive the support and cooperation you deserve.
4. ENVISION your ideal business
Get in touch with what your strengths and talents are so that you can create a business that reflects yourself as an individual, and therefore will be natural and enjoyable. How do you do that? One fun way is to sit down in a quiet spot and write down what an ideal day in your business would be.
Do you see yourself talking with people in person? Or are you one of those persons who feel more comfortable talking on the phone to prospects in your bunny slippers and robe? Maybe you’re a natural at speaking in front of groups, or you want to market your business through writing informative articles on your product and services.
What are the traits of your ideal client? (ie: timely for appointments, professional, communicative, positive, etc.) Perhaps you feel drawn to focus on a specific group of people, such as stay-at-home-moms, retirees who want to generate more money, or other like-minded entrepreneurs.
What ideas come to mind? For this exercise, don’t worry about how it will be accomplished, just let your ideas flow. Feel free to come back to this list for inspiration and add to it from time to time. If you really let yourself explore ideas you should feel a sense of excitement!
5. ELECT your board of directors
Many home based businesses, networking and multilevel marketing groups in particular, offer motivational speakers as a part of their training. For a moment, imagine a football team. These trainers would be the cheerleaders, who are important in the initial phase of starting your biz as well as when you find yourself wanting a boost about your business. However, like any great team, you need more than cheerleaders. You need coaches, people that will offer you objective feedback, brainstorm new strategies with you and give practical advice.
Firstly consider the person that introduced you to the business (in network marketing groups, your upline or your director) as well as others that are in your team. It is also imperative to find guidance from others that are not affiliated with your company/association. Remember you want objective feedback. So try joining a local networking or leads group, or your Chamber of Commerce. There are also online business organizations that offer forums and resources for professional assistance. We are in the land of free enterprise, and there are many resources and professionals out there to help you succeed.
6. EVALUATE your business
Plan to evaluate. In my opinion, many businesses fail to execute this important step. This includes short term as well as long term evaluations. I suggest a 3 month, a 6 month and a end of year evaluation.
Have a simple system previously set up, in order to evaluate regularly. First, write what success would mean for you in different areas. Remember that profits are just one way to measure success! So besides financially (what you want to earn), include areas like emotionally (how you want to feel), growing in product knowledge, developing effective communication skills, etc. Then, use a scoring system of numbers 1 to 10 to gauge your progress: 1 is no progression at all, 5 you are midway at manifesting your goal and 10 bei
If you really want to make a decent living and want to have a good, successful, viable computer consulting business, sooner or later you have to narrow down your focus and develop a keen intuition. Additionally, you have to become good at spotting the best small businesses accounts.The Small Business MyriadThere are millions of small businesses in the U.S. and there are millions of small businesses abroad. There’s a pretty good chance that there are thousands, if not tens of thousands, of companies that would qualify as small businesses in your local area.The sad fact is, if you latch onto the wrong ones, you’re not going to have a very good computer consulting business.Finding the Best AccountsYou need to know where to find these best accounts. In the computer consulting business you also need to know how to say "no," and when to say "no."It’s extremely important that you know where to look, and how to verify that a small business is going to be
3. ESTABLISH your operation
Especially if you are transitioning from a current job, it is important for you to establish when and where you will conduct your business. If you have children, will you work when they are in school or after you put them to bed at night? If you currently working a full time job, will you set aside a half an hour of your lunchtime to market the business, or reserve some time on your days off? Also determine where you will work the business and, if possible, designate a specific area in your home. This could be a home office, or perhaps a corner of your bedroom. Communicate your needs with your family members or housemates and establish boundaries of your ‘do not disturb’ times when you are working, so that you can receive the support and cooperation you deserve.
4. ENVISION your ideal business
Get in touch with what your strengths and talents are so that you can create a business that reflects yourself as an individual, and therefore will be natural and enjoyable. How do you do that? One fun way is to sit down in a quiet spot and write down what an ideal day in your business would be.
Do you see yourself talking with people in person? Or are you one of those persons who feel more comfortable talking on the phone to prospects in your bunny slippers and robe? Maybe you’re a natural at speaking in front of groups, or you want to market your business through writing informative articles on your product and services.
What are the traits of your ideal client? (ie: timely for appointments, professional, communicative, positive, etc.) Perhaps you feel drawn to focus on a specific group of people, such as stay-at-home-moms, retirees who want to generate more money, or other like-minded entrepreneurs.
What ideas come to mind? For this exercise, don’t worry about how it will be accomplished, just let your ideas flow. Feel free to come back to this list for inspiration and add to it from time to time. If you really let yourself explore ideas you should feel a sense of excitement!
5. ELECT your board of directors
Many home based businesses, networking and multilevel marketing groups in particular, offer motivational speakers as a part of their training. For a moment, imagine a football team. These trainers would be the cheerleaders, who are important in the initial phase of starting your biz as well as when you find yourself wanting a boost about your business. However, like any great team, you need more than cheerleaders. You need coaches, people that will offer you objective feedback, brainstorm new strategies with you and give practical advice.
Firstly consider the person that introduced you to the business (in network marketing groups, your upline or your director) as well as others that are in your team. It is also imperative to find guidance from others that are not affiliated with your company/association. Remember you want objective feedback. So try joining a local networking or leads group, or your Chamber of Commerce. There are also online business organizations that offer forums and resources for professional assistance. We are in the land of free enterprise, and there are many resources and professionals out there to help you succeed.
6. EVALUATE your business
Plan to evaluate. In my opinion, many businesses fail to execute this important step. This includes short term as well as long term evaluations. I suggest a 3 month, a 6 month and a end of year evaluation.
Have a simple system previously set up, in order to evaluate regularly. First, write what success would mean for you in different areas. Remember that profits are just one way to measure success! So besides financially (what you want to earn), include areas like emotionally (how you want to feel), growing in product knowledge, developing effective communication skills, etc. Then, use a scoring system of numbers 1 to 10 to gauge your progress: 1 is no progression at all, 5 you are midway at manifesting your goal and 10 bei
My entrepreneur life begins in year 1990. The first day I took my first step into the unknown world in business, it seems to me everybody are the tall giants stood tall looking over me and say: hey you little green horn what do you want? I met with not very nice giants tried to take advantage of the little green horn but also met with many nice giants that had given me a lift along the way.I remember once someone told me this: I know you just start up, I choose to work with you because I admire your spirit.The main reason that kicks me out of the working 9-5 job is FREEDOM. I was angry at myself of having only 1 hour for lunch and expecting to work till late hours unwillingly and holidays have to be approved.I realized I have only 2 choices then, continue to be angry or get out. I choose the lather because I thought if I do not try I never know and what if I can really make it? The worse scenario is just going back to work but at least I tried.Looking back, h
What are the traits of your ideal client? (ie: timely for appointments, professional, communicative, positive, etc.) Perhaps you feel drawn to focus on a specific group of people, such as stay-at-home-moms, retirees who want to generate more money, or other like-minded entrepreneurs.
What ideas come to mind? For this exercise, don’t worry about how it will be accomplished, just let your ideas flow. Feel free to come back to this list for inspiration and add to it from time to time. If you really let yourself explore ideas you should feel a sense of excitement!
5. ELECT your board of directors
Many home based businesses, networking and multilevel marketing groups in particular, offer motivational speakers as a part of their training. For a moment, imagine a football team. These trainers would be the cheerleaders, who are important in the initial phase of starting your biz as well as when you find yourself wanting a boost about your business. However, like any great team, you need more than cheerleaders. You need coaches, people that will offer you objective feedback, brainstorm new strategies with you and give practical advice.
Firstly consider the person that introduced you to the business (in network marketing groups, your upline or your director) as well as others that are in your team. It is also imperative to find guidance from others that are not affiliated with your company/association. Remember you want objective feedback. So try joining a local networking or leads group, or your Chamber of Commerce. There are also online business organizations that offer forums and resources for professional assistance. We are in the land of free enterprise, and there are many resources and professionals out there to help you succeed.
6. EVALUATE your business
Plan to evaluate. In my opinion, many businesses fail to execute this important step. This includes short term as well as long term evaluations. I suggest a 3 month, a 6 month and a end of year evaluation.
Have a simple system previously set up, in order to evaluate regularly. First, write what success would mean for you in different areas. Remember that profits are just one way to measure success! So besides financially (what you want to earn), include areas like emotionally (how you want to feel), growing in product knowledge, developing effective communication skills, etc. Then, use a scoring system of numbers 1 to 10 to gauge your progress: 1 is no progression at all, 5 you are midway at manifesting your goal and 10 bei
Leaf shredders are used to recycle yard and garden leaves into mulch. Shredded leaves produces fine materials that composts faster. Most common type of leaf shredders are electric leaf shredders. Advanced electric leaf shredders can shred more amounts of leaves into mulch in no time.In electric leaf shredders, leafs are mounted directly on a trash container. They consist of a leaf bag liner for instant disposal. Most electric leaf shredders have heavy duty flexible double cutting lines. The large funnel in electric leaf shredders allow easy loading of leaves. They can convert as much as 8 bags of leaves into mulch at once. Most electric leaf shredders have built in carrying handles and are easy to transport. Electric leaf shredders are easy to assemble and maintain.Advanced electric leaf shredders consist of a string trimmer unit built into the base of a large funnel. They have five shredding settings from coarse to super fine. These shredders can shred dry leaves as well as
Firstly consider the person that introduced you to the business (in network marketing groups, your upline or your director) as well as others that are in your team. It is also imperative to find guidance from others that are not affiliated with your company/association. Remember you want objective feedback. So try joining a local networking or leads group, or your Chamber of Commerce. There are also online business organizations that offer forums and resources for professional assistance. We are in the land of free enterprise, and there are many resources and professionals out there to help you succeed.
6. EVALUATE your business
Plan to evaluate. In my opinion, many businesses fail to execute this important step. This includes short term as well as long term evaluations. I suggest a 3 month, a 6 month and a end of year evaluation.
Have a simple system previously set up, in order to evaluate regularly. First, write what success would mean for you in different areas. Remember that profits are just one way to measure success! So besides financially (what you want to earn), include areas like emotionally (how you want to feel), growing in product knowledge, developing effective communication skills, etc. Then, use a scoring system of numbers 1 to 10 to gauge your progress: 1 is no progression at all, 5 you are midway at manifesting your goal and 10 being you have achieved your goal. With this technique, you can easily see the areas that require attention while also acknowledging your achievements and growth.
7. ENJOY the process
Yes, Enjoy! While having your own business requires discipline and diligence, it doesn’t mean that you can’t have fun! Celebrate your wins! Calling your first set of leads, getting a press release in a local paper, placing your first newspaper or internet ad, your first sale, deciding on your business name, these are all milestones in your enterprise! Give yourself a well-deserved pat on the back, share your accomplishments with others and reward yourself for your achievements, however big or small they appear.
Discovering your unique way of doing business is a process, so relax and enjoy the journey! Know that with each action you take, you are one step closer to creating the business of your dreams.
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