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Home » Small Business Articles
 

Small Business Articles

 
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Top 10 Mistakes to Avoid When Joining a Professional Association
I'll be the first to admit that I went a little nuts when I moved I moved recently in terms of going all-out to participate in a variety of professional associations. I had some experience with most of the groups that I visited in other places I had lived, or had clients who had positive experiences with certain groups. I was so eager to become involved again in professional associations that instead of really paying attention to a group as it exists locally, I made decisions to join groups base More..
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Do I Have to Do EVERYTHING Myself?!
The air in my client's office nearly crackled with her irritation. A scheduling snafu had left a client without important services. "I guess I just have to do everything myself," she ranted. My calling as a small business consultant requires that I maintain objectivity in the face of a client's frustration and anger. My calling as a human being and a small business owner myself leads me to empathize with what she was feeling at the moment. It often seems, as small business owners, that we do i More..
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Marketing Your Small Business - The Top 10 Brilliant Ideas
A Brilliant Marketing Idea... sounds great but what is it? Is it the idea that results in the mailman ringing your doorbell, signaling in a caravan of postal workers with mounds of letters (all in response to your latest advertisement)? Is it the idea that brings a 20% response rate on your direct mail campaign? Surely these ideas would be considered brilliant marketing ideas...right? Well, maybe. It depends on the costs incurred generating the response. If the cost of the marketing was greater More..
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A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs
Before you start a business we encourage you to prepare a business plan. Without it your business has a 92% chance of failing within the first 12 months. Sometimes your business plan tells you that you should not go into business at all! Sometimes we encourage you to think seriously before you decide to go ahead with a risky business. But we always encourage the preparation of a business plan. If you use a professional to assist, the fee can be between $3,000 and $10,000. Or you can purchase o More..
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How To Ruin Your Business
If you're like the rest of us, you've spent a lot of time trying different things to make your online business come together. There are countless methods of conducting a viable marketing career, but there are also as many ways to destroy one as well. In any endeavor, there are costs. You need to weigh the costs before even getting started. Oh, you know about up front capital, advertising costs, webhosting monthly rental fees, and the like, but. . . The costs that many entrepreneurs aren't thin More..
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A Lesson From ?The Apprentice? That Can Make You A Master
I have to admit, I was curious. When I saw previews of a new show called "The Apprentice," it made me want to at least watch the premiere to see what was going on. Immediately, I was hooked. The whole idea of candidates - from all walks of life, not just college grads fresh from their commencement ceremonies - vying for a position in one of Donald Trump's organizations piqued my interest. What kept my interest were the real-life advertising lessons every business owner needs to be reminded of. More..
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7 Card Tricks That Improve Your Personal Networking Power
CARD SHARK 7 Card Tricks That Improve Your Personal Networking Power The humble business card has been a mainstay of business and industry for years. But despite it's small size and cost, it's one of the most powerful marketing tools you will ever possess. Because of it's low cost many people take the business card for granted and don't even think of the effect it can have on their networking and sales success. Here are a few tips for making your card do the business for you... Card Tricks Y More..
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Top Ten Tips for Leveraging Conferences for Big SUCCESS!
As I am preparing for my attendance to the CoachVille's Third Annual Coaching Conference, I have been considering how I can make the most of my conference attendance. These ten tips will support you in leveraging those conference you will attend in the future and for creating an unforgettable experience! 1. Connect, connect, connect! Some of the most valuable time spent at a conference can be the time you spend in conversation with others outside of the speaker presentations/breakout sessions. More..
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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. What follows are my opinion on three very common methods to ensure not only mediocrity but failure as a business entity in today's world. 1. Lack of vision and focus Most business, like most people today, lack a clear vision for their More..
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Shortcuts Will Kill Your Business
Think of your business as a living, breathing, organism. It requires you to give it a large portion of your time and effort in order for it to grow and flourish. You must spend time "feeding" it fresh content and searching for ways to improve it. I remember growing up as a child, all I ever wanted was a puppy. When I finally received it, I realized that it was a large responsibility to feed it, groom it, and provide it with attention. At times I felt like just "skipping" a day in order to hav More..
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Serious About Writing A Business Plan... Start A Business Plan Library
Tap these treasures of ideas. The best money you can spendis money invested in your business plan education. Don'tshortchange yourself when it comes to investing in yourdream. Start gathering samples of business plans and collectbusiness plan books and get a business plan library started,it can change your future. Here's what your library needs toshow: that you're a serious student of business strategy andplanning, finance and economics, selling, and writing. Sample Business Plans Start by gat More..
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Business Failure, The 8 Traps Causing Failure And The One Attribute Which Ensures Business Survival
It is estimated that 78% of all small business start-ups fail within the first twelve months years, and long-term survival is likely for only 22% of all new business start-ups. At the same time huge corporations with seemly vibrant trade suddenly close their doors. Why is this so? An analysis of the reasons for business failure suggests that over 60% of all business failure is due to poor management practices. The one attribute which must exist in every firm The only rule to survival is that More..
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Small Business - Is The Accounting Profession Ripping Them Off?
My 16 year-old daughter said, "Gee Dad! You look just like an accountant" And she wasn't being complimentary. Accountants are perceived to be boring, stodgy and conservative. Over the years we've been the butt of many jokes. I've heard them all. Why did the accountant cross the road? Because he looked up the file and that's what they did last year! Ha Ha! What do accountants use as a contraceptive? Their personality! Ha Ha!" Why do accountants become accountants? They don't have the charis More..
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Building A Business That Works For You
Before you want to build your business, you need to know why you are in this business. Many of us entered business as a technician. You know the technical nature of this business; you do it everyday; over and over again. The question is: How can you do this technical work with the highest level of efficiency and effectiveness so that you'll have a great business? Some of you entered the business as the manager. You plan, you quantify, and you implement it with and through others. The question More..
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But This Is Just My Opinion
Hi, Charles...here, Your Cap and t-shirt guy From Texas. How are you doing today. I have been doing that for the last 18 years. Taking care the needs of my customers and becoming Con fondant and friend. Now I want to be your friend and take care of you. But first I want to tell you a story. I want to tell you a story about a customer of mine. Keith lives in Florida he has been a customer of mine for 6 or 7 years. He always get's tshirts for his crew, and has them printed with one print just More..
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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. If your business is in crisis - deal with it. But the secret to keeping your business alive is growth. That is the litmus test of keeping your business alive. Look at nature. Everything that is alive continues to grow. Growing your business is the best way of keeping it alive in the long term. How do you continue to grow your business? Feed it, nurture it, invest in it and treat the bu More..
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Build Credibility, Value, and Trust on a Shoestring
Setting priorities in your business? Your first job is to sell. Selling is - writing the orders; receiving the cash; feeding the beast. If you don't sell; the beast, (your business), dies. The impact of selling is immediate. You may love it, but it is a beast. You need to feed it and control it. Your second priority is marketing. Marketing is taming and grooming the beast. Marketing is everything that makes it easier to sell. Marketing is about sending messages - and everything you do or don't More..
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Advertising - For Small Businesses (Part 1)
Is it right for you? If you decide to advertise your product or service then you must ask yourself - "Will potential customers read this publication and will they take action having read my ad?" National newspapers - Read by a huge cross section of the population. If you're inserting a display ad then it would need to be professionally designed and you'd need to be in it for the long run. It would be expensive and I don't see any small to medium sized business justifying the cost. It may suit More..
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Advertising - For Small Businesses (Part 2)
How to do it People skim through newspapers and magazines and they aren't necessarily looking for information on products or services (unless they're reading the classifieds) It's therefore absolutely vital that your advertisement grabs their attention and encourages them to read more. Many ads are designed merely to create awareness of a product or service, however, small to medium size businesses need a result. Use words that attract attention in your headline - The two most powerful words i More..
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Q and A: Personalized Birthday Cards from Paul Leonard
Paul Leonard's BirthdayCards2Go.com paid greeting card service offers convenience when you're rushing to send birthday wishes. While nothing can beat a personalized poem to add that extra touch of thoughtfulness, we can all agree that in this busy world, any connection we can make with each other, even just to say "Thinking of you," is worthwhile. Plus, when you consider the cost of gas, driving to the store, buying the cards, and buying the stamps, you can't beat the price of $3.16 and up incl More..
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Small Business Owners - Form a Relationship with Your Bank Manager
It's just like a marriage To expect a bank manager or officer to play such close attention to your account that he (or she) knows when you intend to deposit money and to know when to hold back a cheque is a hopeless dream. He has neither the time nor the resources, and you can complain until your blue in the face but, in the end, you have the sole responsibility to manage your bank account. All small business owners have a relationship with their bank and like a marriage, the relationship can More..
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Get In Touch With Your Competition!
We all know that competition is an ugly word but competitors are a fact of life in business. If your business can't compete with other businesses, don't start it. You have to have some type of an edge. You may have an excellent product or service, but if everyone else is selling a product or service similar to yours, just how much of the market can you expect to capture? You will have to learn everything there is to know about your competition and understand their marketing strategies. The be More..
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Six Essential Skills to Business Success!
The following are six essential skills to business success. You may not have developed all of these skills, but like most things in life, you can by learning, practicing and determination. Implement these skills and you'll be on the right track. 1. Personal Skills A healthy self esteem is necessary for you to tackle the day to day tasks of business. As an entrepreneur, you will spend a great deal of time working solo. Listen to your heart but consult your head before making final business deci More..
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Is Your Business Legally Prepared?
It is imperative to have your business legally prepared. How you ask? You need to have a business license, a home occupation license, if running your business from home, a city or county license, (depending on what State you live) plus you need to register your business as fictious if you are not using your name as a business. For instance, If John Doe has a business name as John Doe's Grooming Parlor, a fictious name isn't necessary. When opening a business in your residence, additional inform More..
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How Do I Choose The Right Business Opportunity For Me?
First you have to start with knowing your budget and how much you can afford to spend on a business opportunity. There are ways of starting a business opportunity online for as little as $50 as an affiliate; this figure goes all the way up to $1 Million dollars with a McDonalds restaurant. You need to look at all the things you're interested in and see if they have a market potential to turn into a business opportunity. Then you have to look at the style of personality you have, some people li More..
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Restaurant Operators - What Skills do you Need
A tongue-in-cheek look at the skills required to operate a restaurant but?on he whole they come pretty close to the truth. People Skills, You need to be good with people, because you will have different customers almost every day, you will have repeat customers who have higher expectations, a high-maintenance shift-based staff to manage, suppliers who won't always meet your expectations or time frames and creditors who want their money now. Accountancy skills You will have to balance the boo More..
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Your Practice is Only as Valuable as Your Referral Base
Many physical therapists in private practice have the appearance of a very successful business that is built on the backs of about four to five doctors. Now if anything would happen to any of these guys, the value of these practices would drop markedly. How can you run a practice for many years and then take a good look at it and realize that you have five doctors that represent more than 50% of the referral base? Exactly how can that happen? Well, it's quite simple really. When you start your More..
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Building Your Business for Success in 2005
It's a strange anomaly. Most people who set out to start their own business, no matter what type, build it for failure, not success. Crazy isn't it? But true. The saddest part in all this, is that they don't even know that they are destined for failure long before their dreams shatter and break apart. Statistics tell us that within 5 years of start up 90% of all small business will go under. My personal experience shows me that 98% of all home based business will do the same. Why? Because More..
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What is Business Process Automation?
Business Process Automation or BPA for short. This was a buzzword a few years back with anyone and everyone claiming they were experts in this area. Maybe so. But to really realize its true potential you need to understand what business process automation is and why you will need it? If you own/run/manage a business, take a look around yourself at the daily activities you perform to run your business effectively and efficiently. If you do observe closely, you will quickly notice that you (or yo More..
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An Example of Business Automation - eCards with pizazz
The last time I spoke and went into a bit of detail on business automation. Today I would like to give you some details of how I actually used it personally so you get to see first-hand what I wanted, how I went about doing it and finally executing it. Last month was Christmas. Of course, having a lot of customers, friends, family and associates I wanted to send Christmas greetings and/or Holiday wishes. So I thought about this and came up with the following criteria. 1. I wanted to send greet More..
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Analyzing Customers in Your Business Plan
The Customer Analysis section of the business plan assesses the customer segments that the company serves. In it, the company must 1) identify its target customers, 2) convey the needs of these customers, and 3) show how its products and services satisfy these needs. The first step of the Customer Analysis is to define exactly which customers the company is serving. This requires specificity. It is not adequate to say the company is targeting small businesses, for example, because there are sev More..
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How to Effectively Design Your Business Image
In many industries, image is one of the last things business owner looks at. If business is not booming, they assume there is something wrong with the sales method, as opposed to the image. "If we just sent out a few thousand more fliers" they say, "we will get some more clients". When in reality, they should be looking at how the message they're sending to their target market is perceived in the first place. Here are a few pointers to look at: -Color- Colors evoke innate responses, which mean More..
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Where to Find a Cash Windfall of $10,000 to $1,000,000 -- You Never Knew You Had
There is a rather famous true story called "Acres of Diamonds". It is about a successful farmer who risks everything searching the African continent for diamonds. Ultimately he dies sick and penniless, while the new owner of his farm uncovers on his property the largest single diamond ever known to man. Point of fact: After helping hundreds of thousands of entrepreneurs and business owners, I'll lay odds that this story is true for YOU in more ways than you are currently willing to admit to yo More..
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Find Your Niche & Follow It - Part 1
In this series of articles I'm going to show you how to find out if there's a hungry crowd for your information product BEFORE you write a single word. Mark Twain once said: "Find out where the people are going and get there first". With the advent of the internet you can certainly find out what folks are wanting. Being the first at the front of the line to bill them might not be quite so easy. But there are ways to find out if there's an existing hungry crowd for your information product, an More..
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How To Get Slightly Famous in Print
Early in my career, I wrote an article for a small business magazine about self-publishing as a marketing tool for businesses. Because I specialize in helping businesses get into print, the article only took a few hours to write. A few months later it was published. Almost immediately, my phone began to ring and my email box filled up with inquires. As a result of "Be An Expert, Get More Business" I landed two clients, submitted several proposals, and added dozens of names to my mailing list. L More..
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Creative Marketing Tips: Simple Things You Can Use In Your Business To Attract More Clients
The single most important activity you can do in your small business is create a unique marketing strategy and plan. When was the last time you saw a company marketing themselves in an outrageous way? In this day and age it looks like everyone has read the same book on marketing - and sorry to say - that book doesn't work! What does work - is a little creativity, a little personality and a lot of effort to make yourself so different from your competition - that there is no real competition. 1. More..
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Top 10 Lessons for Small Business Success - As learned From My Twin 3 Year Olds
Small business success is very similar to learning to walk, talk and spell. The basics have to be understood before moving on to the next step. I am blessed to have twin 3 year old girls in my life and am amazed constantly how much I learn from them on a daily basis. As I watch them run around and explore, I find myself realizing just how much my observations apply to being successful and happy in life and in business. So take heart in the following tips - they may come from little people but t More..
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Frodos Journey: What It Can Teach You About Marketing Your Small Business
Just recently, I took a break and caught "The Return of the King" at the movie theater. At the same time, I was pondering a topic for this article. As often happens, the themes and timing converged. Here are 10 things you can learn about marketing your small business from the Lord of the Rings trilogy. 1) The task is primarily yours. In the Lord of the Rings, Frodo must complete the task that is primarily his (i.e. to destroy the ring at Mount Doom). In the same vein, marketing your business is More..
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Where Can I Get Clients From?
The following tips have come from a wide variety of sources; some from other successful businesses we know, some from our Home-Based and Small Business Support Group meetings and some we've developed by trial and error. Some of the ways to get clients are: contact previous employers; mailing lists; cold call your target market; attend group meetings and seminars for your target market (conventions for doctors, lawyers; computer seminars); attend local Chamber of Commerce meetings; join gr More..
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Using Technology to Manage Customer Loyalty
Don't let your customer satisfaction research initiative collect dust on a shelf. Integrate technology with research to optimize the use of customer information. The typical company spends 80% of customer research time and effort gathering information, and only 20% of that time using it. Companies conduct research to gather information, but it is only useful if it can be turned into positive action. In the audio book, "Sound Advice on Customer Loyalty," author Steve Walker suggests that integr More..
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Perception: What Are Your Patients REALLY Hearing?
Never underestimate the power of perception! Perception plays a major part in what is actually said -vs- how it is heard. And to patients...perception is reality! For example, lets look at broken appointments, one of the biggest problems in your practice. Last minute changes and no show appointments account for thousands of dollars a month in lost revenue for the practice! Are you sending signals to your patients that it's all right to break appointments? When the patient calls and says they More..
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Increase Productivity and Business Success - Take Responsibility
Are you responsible for your results? What comes to mind when I say that? When you hear that you're totally responsible for the results you produce in your business and in your life---you might jump to a conclusion. You may think that I'm suggesting that you should take the blame for your results. Nothing could be further from the truth. By taking responsibility for your results and your outcomes--- you grant yourself great power. If you acknowledge that you're truly responsible for the way More..
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Naming Your Business: 3 Tips To Ensure Success
If you are just starting your business, or if you have just developed a new product or service for an existing business, one of the first questions you need to answer is, "What should I name it?" And while you may feel pressure to make this decision quickly, I caution you to not make it lightly. What kind of things should you take into consideration when choosing a name? (1) Don't Use Your Own Name Well, first of all, use a name other than your own name. I often see service business profession More..
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Creating Lists to Learn About Yourself, Your Business and Your Customers
I love lists. I make them for everything. And I'm not just talking about groceries, things to do this week or places to see before I die; but more important lists that help me learn about myself, my business and my life. A few years ago when I began writing books, giving speeches and publishing articles, I became obsessed with lists; mainly because they're easier for other people to follow, and easier for me to write. But the science behind lists is a fascinating thing. It all started with my More..
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Looking for a New Office Chair?
Perhaps you are building a new home office or you are redoing the one you have. Or, maybe you are looking for an office chair to replace that broken down model sitting in your office. Regardless, the office chairs of today offer more then just comfort. Choosing an office chair can be as much fun as getting a raise! Well, maybe it's not that good, but it's still a great moment! You're sitting in your old office chair and it's uncomfortable. It may be worn and barely movable. Or, it may be too ti More..
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Small Businesses with BIG NAMES: Protect Your Trademarks and Reap the Rewards
You're a small business owner with a hot new product or service and you're deciding what to name it. Perhaps you've even hired a graphic designer to create a flashy logo to go with it. You may have ruled out trademark registration as too expensive or even unnecessary because you only plan to sell in your local area. This article will show why nearly every business can benefit from trademark protection, and how a new option makes professional trademark assistance affordable for most small busines More..
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Can Your Business Run Without You?
What would happen if you decided to take an extended vacation? Would you still have the same business results when you returned? I met a business owner recently who told me an interesting story. His business was 15 years old and he had approximately 50 employees. A couple of years ago, he decided to take a vacation to Europe for a month. After all, his business had turned a profit every month for 13 years. He deserved it. Off he went to enjoy the fruits of his many years of labor. He had a gra More..
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The End -- Fireworks or Fizzle?
Seems as though there are a lot of business closings going around lately. Everywhere I look small businesses -- one on top of another -- are closing their doors. On small marquee signs, empty storefronts, and in the newspaper it's common to see the message, "ABC Company Closes It's Doors After 35 Years." Is that what you want the newspaper to print about your business? Somewhat deflating, isn't it? Like a balloon leaking air. So where will your business be in 35 years? Have you decided what " More..
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Tell Me The Reasons Why I Should Believe You?
Have you ever heard the phrase, 'PREPONDERANCE OF PROOF'? I recently heard it to describe a situation where a person was backed up against a wall (legally speaking) and needed a way out of the mess. The legal guy came in and said, 'I feel we may win this case'. The defendant was furious with his lawyers. I want you to have an abundance, a 'preponderance of proof' so that we bury them in evidence. I want them to 'surrender' because of the unending proof we can give them! That real life example More..
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Creating Time the Virtual Way
Time. As a small business owner, it's the commodity you covet most but never seem to have enough of. If you had more time, you could complete all the administrative chores required to operate your business. With enough time, you could do more marketing, more networking, more planning and systemizing. If you had just a little more, you'd be a whole lot less hurried and stressed. But how on earth do you create more time to do all the things necessary to run smoothly, build business, and create More..
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