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Small Business Information |
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Small Business Information
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Cash Flow: Why Chaos Equals Poor Cash Flow Recently one of my customers told me the chaos swirling through his company was the result of poor cash flow. If only he had more money, his company would run better. The Key to Small Business Growth? Buyer Alignment Unfortunately for all buyers, each selling organization and their individual sales professionals are unique and often require immense amounts of energy to build a relationship with. This keeps buyers guessing, which in turn keeps the sales organization guessing. 3 Ways To Make Certain Your Business Fails Most small businesses incorporated in 2005 will fail by the year 2007. No matter the industry or the economic times in which the company was initially conceived, the fact remains that businesses fail on a daily basis due to general lack of knowledge and know-how. Franchise Rule to be Revised; Why? The FTC, Federal Trade Commission, is considering modifying the franchise rule. So far it has be a ten-year process; just imagine working that slow in your business? In 1995, 1997 and 1999 when the comments were first considered and taken in, which spans a ten-year period. Learning and Growing As you reflect on this year and prepare for next year, what are the lessons you have learned in business and how do you plan to use those lessons to grow your business in the year ahead?And remember, in every challenge there is opportunity for growth so even if you had a challenging year it can be a stepping stone to success.I know the hustle and bustle of the holiday season can seem overwhelming when you try to factor in end of year business planning. Business Reviews that Work What is the satisfaction & expectation review of the business history to date?You have spent a lot of time and effort gathering information about your clients and potential customers. You have kept track of everything that you need to know and have followed-up with precision. Keeping your Business Alive As long as you eat and breathe you will stay alive. But is that really living? In a crisis that may be enough. Franchising Industry Burdened in Over Regulation There were only an estimated 1800 active franchisors in this country at the end of 2002, that number down from 6000 in a single decade. It is not hard from this effort to increase regulations to see why. Small Businesses With Work Trucks; A Warning If you are a non-operator owner of many work trucks, you should keep your business credit card with you not leave it in one of the trucks. You should not issue them to employees without strict guidlines. There Are No Dumb Business Questions, Not! Q: I'm curious. What is the dumbest business question you've ever been asked? -- Norris W. Entrepreneurs Ask: What Can a Virtual Assistant Do For Me? Great question!Freeing your time is an indisputably key element in growing your business! When you delegate tasks to the capable hands of a professional Virtual Assistant (VA), you can quickly and easily refocus your energies on other aspects of business directly linked to generating revenue.Partnering with a professional Virtual Assistant will:Increase your revenue. Aircraft Washing Service Operations Manual Anyone who is serious about washing aircraft as a full time profession should be prepared to write a manual, which will insure proper procedures are followed during the washing process. Each crew team leader and manager should be well versed and trained in washing each type of aircraft. But Weve Always Done It This Way Sacred cows take a long time to die. We get comfortable in the way we do things and lose sight of how they could be improved. Is Your Business Profitable? What's your job profitability? Do you know?Many business owners are unsure of their profitability at a company or job level. They "think" they are making money because they have a few dollars in their checking account. The Types of Skip Trace Accounts First, we need to define the different kinds of skip trace. There are three basic types of skip trace accounts, they are:The Typo AccountThis account is really not a skip trace account. Small Business Failure? Nuts! Pardon my enthusiasm, but a large part of your small business' success is somewhere else. Namely, out among the company's important external audiences. The Skills Gap: It Pays to Use Experts By outsourcing to skilled professionals you'll be able to grow your business without adding overhead.Here are some of the costs associated with growing a business through acquiring staff:* recruitment* payroll and tax obligations* national insurance* employers liability* benefits (pension, car, medical, dental)* holiday pay / sick pay / maternity pay / water cooler pay!* office space* equipment or general office supplies* legal responsibilities that include employee policies on working hours, sexual harassment, sick time, leave of absence, holidays, benefits, performance reviews, grievances, terminations* training* managementDo not underestimate the time and money involved in recruiting and retaining staff. How Your Habits Control Your Small Business Success Habit: A consistent behavior you perform so frequently that it is automatic. For example, if you learned to drive a car with a standard transmission, the first few lessons were pretty jerky while you learned to synchronize the clutch with the accelerator pedal. Five Simple Software Tips for Small Business Owners The start of a new year is a time for a clean start. Resolutions are made, you clear your files of last year's paperwork, and you swear you are going to start the year off keeping your financial house in order. Small Business and Over Regulation Over regulation of small business is so intense it is getting hard to make a buck.For my example of the type of over regulation in small business, which turns the American Dream into an American Nightmare, I will use a simple business like a car wash.
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