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10 Incredibly important business basics EVERYONE needs to know BEFORE they start a business!


In my career, I have had a total of 3 businesses myself and a few others where I am in partnerships. Each time you start a business the basics are pretty well the same. Here are 10 things I believe are really important for anyone starting up a business....

1. Don't waste your dollars on things you don't need. This alone is one of the biggest reasons people go under. You simply won't need expensive office equipment, computers, phone systems etc when starting out. You'll be surprised at how well a computer of 2 years will perform in caparison to one that's brand new for triple the price! Be real with your $$$$. The basic here is that if it's not going to make money for you, build or protect your business then simply AND quickly look/walk away so you're not tempted to buy it - extravagance has no place when your starting a business on a budget. If you've got hundreds of thousands to splurge though, forget all of the above and go to point 2!

2. Develop a plan of where you wish for you AND your business to be this time next year. You will need to think about such things as a basic marketing plan to so you know what marketing you need to do to achieve that outcome. Starting and building a business is like building a house without the framework it's bound to crumble. Think of your business plan as your roadmap - without it you don't know where you're headed or how to get there. So take a couple of hours and give it some consideration, if you're serious about developing a successful business then I'm sure you can get serious enough to schedule some time in to do it.

3. Ask and get advise - this is huge! This one factor if not done or acted upon can send you under in a quick way! Ask professionals for help and guidance, they will steer you clear of known traps that you just won't know about starting out (I've learnt this one the hard way!). You don't need to be a hero and do everything, and think of everything, yourself. Hate to tell you this but, when you start out you DON'T know everything ok - so don't embarrass yourself by thinking you do, as the only one you'll fool will be yourself(indeed years down the track I'm still learning something everyday)

4. Make sure your business look is congruent. Have a business name that explains what you do so you're customers are buying or dealing from you rather than trying to figure out what you do. BEFORE you register the name, check that you can also get the website domain for it too. It's a real inconvenience and creates dramas for your customer AND you having to explain it to everyone! Colours, style etc need to be the same throughout your website, stationary, business cards etc

5. Hire right - if you are in the retail sector than hire a people person with personality plus over someone with the skills - you can teach practical skills such as taking money etc - but you can't teach people skills. If you need someone for accounts or admin where they aren't dealing with your customers then obviously the skills are more important.

6. Base your business on how you can add value to your customers. You'd be surprised how your business it will grow by suiting the needs of your 'ideal' client AND looking after them each and every time.

7. Know, understand and keep in contact with clients you WANT to deal with - it will not only make business more pleasurable for you and the clients will love dealing with you as you're always happy etc too - happy clients, more business, more referrals, less money spent on advertising and marketing!

8. Get organised - for goodness sake, NO ONE enjoys being stuffed around by someone always giving excuses for their mess, un-organisation, forgetting to follow through, not implementing, lack of communication, being late etc etc etc - get yourself some solid an effective systems to back you up in business so you can do it right EVERY time.

9. Work WITHIN your budget - never above it. It is disastrous to think "Oh we'll get more money in, it'll be right, or oh such as such is expected to pay this month" etc - it won't be - be conservative in your spend otherwise you will go under before you can blink! Don't sign leases or contracts on anything based on a projected income - you're playing with fire and you'll be busy enough without the stress and pressure of this to add to your lot.

10. Outsource what you're not good at or don't like. I'll admit it I do not enjoy any form of admin - yet I'm a perfectionist and need everything to be systemised so it frees me up to be creative. So instead of learning how to do accounts in MYOB and instead of procrastinating for days on filing etc (after I gave both a go time and again) it was easier, quicker and more productive for me and my business to outsource it to someone who WAS passionate about doing it. Not only do they do it in a fraction of the time - but they do it well because they love doing it!

Of course I could easily keep going on - there's always something you learn in business - however I'm sure these 10 will give you a great place to start...

And one more thing ENJOY what you're doing - if you're not, you're definitely in the wrong game and now is a good time to change careers!

Abundant Success To You!

Rachael Bermingham

http://www.marketingtosuccess.com
http://globalsuccesscommunity.com

This article may be printed in full with author contacts and details - please send your details to info@marketingtosuccess.com if you wish to use for our records.

This article was written by Rachael Bermingham, Australian business woman, international marketing strategist and entrepreneur.


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Thu. November / 21 / 2019
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Do Home Remedies Actually Work for Yeast Infections?  Health Essentials from Cleveland Clinic

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This Ayurvedic home remedy is excellent to treat dry cough  Times of India

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Tired of Dandruff? 5 Natural, Home Remedies to Dust the Flakes Away  The Better India

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Best home remedies for a sore throat  Times of India

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These home remedies will help you erase bad breath  Pulse Nigeria

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7 Best Home Remedies to Soothe Itchy Skin - How to Relieve Itching  Prevention.com

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The Best At-Home Remedies For Dry & Chapped Lips  Bustle

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Ask the Doc: Common Cold? Home Remedies That Help!  Georgia Voice

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Flaky eyebrows: Here are 7 natural ways to get rid of brows dandruff  Times of India

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Empowering Winter Health: At-Home Remedies to Support Your Clinical Care  Acupuncture Today

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What causes a stuffy nose and how to clear it out fast  INSIDER

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Get a glowing skin with these amazing home remedies  TheHealthSite

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World Diabetes Day 2019: Control Your Blood Sugar Levels Naturally With These Effective Home Remedies  NDTV News

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What causes wheezing? Know about its signs, treatment and home remedies to help ease your breathing  Times Now

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6 Home Remedies for Cystic Acne That Work  YouBeauty

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Natural treatments for fibroids: Diet, herbal remedies, and lifestyle  Medical News Today

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Knee Pain: Try THESE home remedies to treat this health problem  PINKVILLA

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Struggling with cough and cold? Try THESE home remedies for immediate relief  PINKVILLA

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How to use a neti pot and whether it's safe, according to doctors  Business Insider

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Food Poisoning: Easy and effective home remedies to help cure it - Republic World  Republic World

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Top ten home remedies passed down through the generations  Wales Online

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Hair Care Tips: THESE home remedies can help you treat winter hair problems  PINKVILLA

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What causes dry mouth? Prevention, treatment and 8 home remedies to ease the symptoms  Times Now

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What is Gingivitis? Know about causes, symptoms and home remedies to fix the gum disease  Times Now

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Diwali 2019: Home remedies for burns  TheHealthSite

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These home remedies can control diabetes, will definitely improve your health  News Track English

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Cold and cough DIY remedies to try this season  The Statesman

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Skincare problem before your big day? Try THESE home remedies to treat it before your wedding  PINKVILLA

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How To Harness The Placebo Effect When You Have A Cold  Lifehacker Australia

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What causes hiccups: Doctors find link to brain development  Atlanta Journal Constitution

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Home remedies to avoid, cure neck pain - Yoga asanas, exercises a big help  Times Now

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Why does anaemia recur? Here are 5 effective natural home remedies to treat the condition once and for all  Times Now

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Why deworming is important: Home remedies to get rid of intestinal worms  Times Now

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6 best home remedies for lice  Medical News Today

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10 Home Remedies Proven To Get Rid Of A Cough Naturally  Version Weekly

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15 Home Remedies for Oily Skin  Greatist

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The best home remedies for laryngitis  Medical News Today

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Home remedies for pigmentation  Medical News Today

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Home remedies for heat rash: 12 natural methods  Medical News Today

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Home remedies for chickenpox: How to get quick relief  Medical News Today

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Home remedies for kidney infection: Safety and effectiveness  Medical News Today

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Natural home remedies for bad breath  Medical News Today

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Pregnancy acne: Treatments and home remedies  Medical News Today

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10 Natural Remedies for Sore Throat — How to Cure a Sore Throat Fast  GoodHousekeeping.com

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How to get rid of pimples fast: Home remedies and prevention  Medical News Today

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Here are some ancient home remedies that are worth trying  Times of India

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Home remedies and natural treatments for gout  Medical News Today

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Skin Care Tips: THESE bizarre remedies can help treat your pimples  PINKVILLA

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How to get rid of a blister: 5 natural home remedies  Medical News Today

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The best home remedies for cold and flu  Medical News Today

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11 effective home remedies for arthritis  Medical News Today

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Try 7 All-Natural Home Remedies For Fat Loss  Version Weekly

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How to prevent skin tags: Safe methods of removal  Pulse Nigeria

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6 Milk Home Remedies You Didn't Know You Could Use — Including For Your Workouts And Sunburns  Bustle

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Home Remedies — short stories full of urgency and understanding  Financial Times

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