Best Business Tips and Strategies information channel:
We would like to thank the local libraries, schools, and universities for recommending students
to visit us when doing research on any of our information topics.
If you are thinking of starting a new business, or if you are just about to take the plunge, you will know that there is a lot that you have to do. But where do you start? It is a good idea to get some of the groundwork done before you start, possibly this will often mean things that you hadn't thought about, things that most people do as a reaction to circumstances rather than as a planned activity. However, in practice you will almost certainly find that it is easier to set things up right at the beginning, so that systems grow with the business, rather than find yourself "firefighting" later on.
Here are a few things to think about and do, before you dive straight into running your new business. Get the foundations right and you will be well on the way to a successful business.
This is by no means an exhaustive list, but should be enough to start you off.
1. Think about your goals. What are you setting out to achieve? Write them down. Did you know that only 3% of people have written goals? ..and did you also know that these people earn up to TEN times more than people without written goals!
2. Why are you setting up in business? What do you ultimately want from your business? Write down your exit strategy. Do you want to sell eventually or pass on to your family? Are you aiming for big profits, to create a 'name' or just fulfil a need that you have identified?
3. Find a good accountant, someone who is proactive and forward thinking. (See "10 Things To Ask Your Accountant")
4. Find a mentor. Either your accountant or other business advisor, someone in the same field who has done it already or perhaps someone from the local enterprise agency.
5. Research your market. Make sure there is demand, do people want what you have to sell? Also check pricing and packaging options, what would people pay, how do they want it delivered and with what choices?
6. Write your Business Plan. It may sound obvious, but lots of people don't do it. There are lots of places where you can find free help and advice, just do a search on the internet, or ask your business advisor.
7. Decide where you are going to work. You have many choices - at home, in an office, in a warehouse, near to customers, out of town?.. What is right for you and your business?
8. Make sure you know how you are going to finance your new business. Have you plans to survive the first 3-6 months whatever happens?
9. Open a bank account. Keep all your business transactions separate from your personal ones. You will find it much easier to manage - your accountant will like it too!
10. Read The E-Myth Revisited By Michael E Gerber. It has to be THE book for new business owners.
As I said, this is not a comprehensive list, there are probably hundreds of other things that people might add. But this should give you a good base to start from.
Julia McDaid is a business coach and author, specialising in helping business start ups. For more information on these issues or on coaching for new business owners, see http://www.startupright.co.uk or enrol on Julia's unique Start Up 101 ecourse, where you can go into each question in a lot more depth. Julia also publishes a free ezine 'Secrets of the Successful Entrepreneur' - to sign up just send an email to firstname.lastname@example.org
The 10 Benefits of Cross Cultural Training
Cross cultural differences can and do impede upon communication and interpersonal relationships. In the business world this occurs daily, where people from different cultures interact and are expected to perform and make decisions.
Top Ten Tips When Business is Slow
How's your business going to keep growing with the holidays just around the corner? What can you do when most people don't want to spend money now? If you are concerned the cash flow won't flow and you won't have enough income for the next months, check out these ten tips:1. Create written copy to email your subscribers and other email lists.
10-Point Checklist for High Visibility in Google
Google is the pre-eminent search engine (SE) with no close competitor. Given that inclusion is free, your Web pages must be in it.
No More Lists To Remember
Are the endless lists of Top-7's and Top-10's taxing your brain and your memory? Do you ever feel like trying to keep all these ideas straight, let alone apply them properly at the correct moment in time an overwhelming chore? How often do you find yourself having to review these lists? Perhaps endlessly until the next list comes out and then it's back to square one again. Wouldn't you rather live, work and be spontaneously effective, without having to pull out your "how to" lists? Just imagine for a moment being able to live this way.
My 7 Most Important Business Lessons
Millions of people start new small businesses in the United States every day. Many fail at running a small business every day.
11 Things Small Business Owners Can Learn From Michael Dell
1. Think Big - In college, Michael Dell said he wanted to "beat IBM.
Ten Tips to Build a Culture of Inspirational Leadership
Leadership, leadership development and leadership training are "Hot" issues in today's business world. A recent Internet search uncovered over 44 million hits on leadership, over 20 million hits on leadership development and 15.
Top Ten Tips for Online Publishing Success
Use the checklist below to make sure your article, tip, or book excerpt will get published and make you a household name on the Internet. 1.
Seven Ways to Get the Most Out of the Next Training You Attend
Sometime soon you will be attending some training. It may be a one hour tele-seminar, a one day class, professional conference, or a weekend retreat.
5 Tips to Manage and Organize E-Mail
How do you focus on your urgent e-mail and organize the rest for your review? Think about how you handle your paper mail. You probably sort your paper mail quickly before you read it to figure out what to look at first, what to read later, and what to throw away.
11 Things Small Business Owners Can Learn From Star Wars
1. Great Things Take Time - Three years passed between the release of each movie in the two trilogies, and a lot of work went in to them.
Making Money over the Internet : 5 Cool Tips
The Internet is a fast growing medium, transcending the personal ,geographical, political and cultural barriers. Because of its popularity and diversity, for an ambitious and hard working person, it is the right medium to make unlimited wealth the only thing is that you should know how to do it, the knack of doing it comes only with practice ,but a non-starter doesn't get any practice.
International Shipping/Freight for Dummies
There are lots of benefits for some businesses to import or export goods. Manufacturers and distributors can order directly from the overseas manufacturer and save money on their purchases.
The Hidden Power Of Understanding: A Secret To Building Massive Momentum In Your Business
You're busy with your business today, aren't you? You're pushing your mind and body to the limit just about everyday to handle all the activities that need to be done. But something's missing.
Seven Questions to Improve Your Business, Your Relationships, and Your Life
Seven Questions to Improve Your Business, Your Relationships, and Your Life One of the most powerful tools we have as humans is our ability to ask questions. The more adept we are at asking them (and waiting for and listening to the answers), the more effective we will be.
How To Eliminate Your Competition Without Bloodshed
So how do you eliminate your competition without bloodshed? You must create a niche for your business. A niche is something that makes your business different from your competitors.
How to Apply the 12 Steps for Managment Conflict and Resolution
1. Admit there is a problem.
How To Make Money With Your Junk Mail
The term "junk mail" is a well-known term. To the common guy or gal on the street, "junk mail" to them is advertising flyers from the local grocery store and pizza shop that arrive in their mail every day.
Positioning Your Company for Debt Financing
Positioning Your Company for Debt Financing: There was a time in the old days when going to the bank was the only way to get outside capital for your business. These days with the explosion of raising equity investment, many of the guidelines for running a company have been revolutionized.
Top 10 Items For A 21st Century Toolbox!
Skilled workers of every age have prized their tools. I recently visited a Museum of Natural History and was amazed at the craftsmanship and precision of the sextants and chronometers that allowed explorers to map our world in the 18th and 19th centuries.
Akron City Directory
© 2012 - 2019 All Rights Reserved