Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Being an entrepreneur is not easy and there are several pitfalls. A couple of keys can ensure that you’ll be among the successful few. The following contributed post is entitled, 3 Things Every Entrepreneur Needs To Be Successful.
Being an entrepreneur is a demanding task. Having to juggle an array of responsibilities and managing a heavy workload is not something everyone can achieve. While many people aspire to become entrepreneurs and run a string of businesses, not everyone has what it takes to do this successfully.
Becoming a successful entrepreneur requires a wide range of skills. To be a successful entrepreneur, you need tenacity, the ability to problem solve, and the desire to work hard. But, as well as dedicating your time to your business and being incredibly productive, there are several other factors you need to make your business a success. Here are the things every entrepreneur needs to be successful:
1. Reliable Technology
Almost every modern business is dependent on technology. Without technology, many business functions would likely be impossible to complete. Technology helps companies work quickly and accurately to maintain high standards and keep everything running efficiently. Without the right technology to support everyday business functions, running your company at full capacity is almost impossible. So, ensuring your technology is reliable and up to the task of supporting your business is essential.
Using a company such as computer repair by casey will ensure you have help on hand when problems strike with your business computers. Having a reliable company that can fix your computers quickly is a must to ensure your business does not get hit by extended downtime when a problem strikes.
2. Robust Accounting System
A robust accounting system is essential for every entrepreneur. Failing to keep up with accounts and not managing cash flow effectively can cause serious problems. When accounting systems are not updated regularly, keeping track of the business’s finances can quickly become a significant issue. Not knowing how much money you are owed, and becoming confused about which payments you have received and which you have not can be a recipe for disaster.
Cash flow issues, especially those caused by poor accounts receivables management, are often the reason behind businesses closing. When you are constantly waiting for outstanding payments to be received, it becomes impossible to pay your debts, which can cause your business to make late payments. So, understanding your company’s financial position at every stage is essential to prevent it from running into cash flow issues.
3. High-Quality Products
Whatever industry you operate in, it is always essential to deliver the highest quality products possible. Producing low-quality products that take little time and expense to manufacture may provide you with increased profits in the short term. However, if you plan to take a long-term approach to your business, you need to ensure your products deliver on quality. While low-quality products may be fast to produce and provide a high-profit margin, they will damage your reputation in the long term, and the profits they deliver are likely to be short-lived. Consumers can quickly spot a badly-made product, so it won’t be long before you get demands for refunds and lots of complaints. So, producing quality products should always be your priority.
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. If you’re thinking about starting a business or have already started one, one of your key considerations will be being your most productive self. The following contributed post is entitled, How to Become Your Most Productive Self to Better Your Business.
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Being self-employed can be a blessing and a curse. On the one hand, you are your own boss and can therefore come and go as you please. However, on the other hand, there is no one but yourself to motivate you, and consequently, it can be easy to fall into procrastination. Procrastination is dangerous, as it can lead to a vicious circle of stress and cause you problems further down the line. Procrastination can also come in many forms. This could be scrolling on your phone when you’re meant to be working or even doing household chores to avoid doing what you should be doing. In this post, you’ll hopefully find some tips that will aid you in becoming more productive.
This technique is also known as time-blocking and is designed for focus. It works by your work expanding to the timeslot, instead of the individual squeezing in the task to fit somewhere in the day. The slot also guards against distraction, as 100% of your focus is directed towards a singular job. This technique tends to work the best if you are super-specific in what you are doing within each slot. Start each day by writing out the day’s hours and precisely putting down what you will be doing in each one. For example, you can be as specific as “meeting with Baumgartner Law Office” at 4.25 and at 4:45, you are replying to emails until 5:15. The secret to this is to make sure you block out your time at the start of the day, as you are more likely to stick to the plan and are more clear about what needs to get done. This is especially useful for starting up a business, as it can often feel like you are juggling 100 things simultaneously but not getting enough done. By focusing entirely on a single task at a time, you can eliminate procrastination effectively as you don’t feel too overwhelmed. There are lots of different ways to time block, and you can find exactly what works best for you.
2. Block out any distractions.
There are so many things demanding your attention in this day and age. From phones and constant notifications to emails and more, it can be hard to block out a properly focus on anything. It can be worth maybe outsourcing some processes your business shouldn’t have to deal with so you can focus on the core parts of building your business. To block out anything else distracting you, you can download apps that stop you from checking your phone constantly whilst you are trying to work. If you are really struggling with procrastination, it can help to step away from your work for five minutes for some fresh air. This way, when you return, you are less likely to procrastinate after you have had a break. Make your time work for you!
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. A key component of your business is its insurance. Your business insurance can help you stay open and generating profit for a long time. The following contributed post is entitled, Is Your Business Insurance Fit For Purpose.
There is a lot that needs to be considered when looking for insurance for your business. Depending on the nature of your company, there are going to be various policies that you may require. In this blog post, we are going to focus on some of the main ones, helping you to find a policy that is fit for purpose.
Insurance for your office Office property insurance, also known as business owners insurance, is something that is widely considered a necessity for all businesses. It is vital to have all areas covered to ensure that you do not experience a massive loss in the case of an unpredictable event or circumstance at your office. If you don’t have one of these policies already then you certainly need to look into getting one.
Office insurance will cover you, your employees, the building, the equipment and more. Therefore, it is certainly worth its weight in gold. Moreover, policies such as this one are pivotal to giving you peace of mind. You know what if something happens which is out of your control – you won’t lose everything.
Nevertheless, finding the right policy for your business can be a very difficult, complex and frustrating process. After all, there are so many different policies available. Obviously, in one sense, this is great because it means that there is a lot of choice. However, for most people, it simply confuses them as they don’t know what to go for. The best thing to do is to make a list of the aspects that you need to be covered by your policy. These are your requirements and you will not go for an insurance policy if these are not covered.
Protecting yourself if something happens to a key person This is one area of insurance that a lot of businesses have a tendency to overlook. However, have you ever wondered what would happen if one of your key owners or employees fell ill? It would have a serious impact on your company, right? Well, there is insurance in place to assist with this, and it is something that we certainly recommend considering carefully.
When looking for this type of insurance, you need to carefully consider the key person disability risk to determine what level of cover is going to be the most suitable for you. The policy will protect you from the monetary loss that you would experience if a key employee, business owner, or executive was to experience a disabling illness, injury, or accident. You will receive a cash benefit that is designed to help you through this difficult period. This can cover the likes of keeping your business viable, any overtime pay you need to cover staff working longer hours, and the cost of training and hiring a replacement.
Advice for all business policies It is crucial that you read everything in the policy. This sounds like an obvious point but it is something that a lot of people overlook. It’s understandable; after reading through five different policies you may want to skip a couple of lines. But don’t do it – you may end up regretting it.
When searching for a policy it is important to look around on different websites and compare different deals. You can even use a price comparison website if you find it easier. This is good because it will give you a basic understanding of the price options available, and it will also help you narrow down your search in order to find the best deals and make the best savings. You should also look at ways to secure your premises, as this can then result in your premiums being lowered as well.
In addition to finding the best-priced policy that covers all the aspects you require, it is also highly important that the company you buy the policy from is credible and has a good reputation. In order to decipher whether this is the case, you should type the name of the company in a Google search box and then go to the relevant comment forums. If people have been dissatisfied with the service that they have received then they will be more than happy to express them and to warn people from using the insurance company in question. Nevertheless, remember to use the comments as a whole – you want a general overview. If there are 60 good comments and one bad one, don’t acknowledge the negative review as it is likely to be a one-off.
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Businesses have different stages. There different considerations during the “start-up” phase versus when your business is further along. The following contributed post is entitled, Making The Right Decisions For Your Business Start-up.
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If you’re like most people and dreaming of starting up your own business, it’s important that you get things right from the very start. Of course, they’ll never be perfect, as that requires experience, but you can’t afford to make huge mistakes right out of the gate.
If your business is going to see a smooth start, you need to properly evaluate what’s right for you, and what would put your business in the best position. What could improve your chances of success, and what might hinder you?
The location of your business will play a huge role in your ability to bring in customers. If you set up in an area where it’s difficult to find people who are interested in what you’re selling, you can only rely on your reputation. If you don’t yet have a reputation, then it’s going to hinder your ability to make the sales necessary. You want to be in plain view of your customers, not hidden away somewhere out of sight.
The kind of building you pick is also important. A lot of businesses at the moment are opting in to set up industrial steel buildings. There are a lot of benefits to the different materials used for a building, and it would depend on what your business specializes in. if you’re not in need of a huge amount of space, you could choose something smaller and cheaper.
Start-up capital
The amount of money that your business has to start with is going to determine what you’re capable of from the point of opening. The supply you can stock, the marketing you can afford, and the equipment and location you can pick for your building. If you haven’t got the money but you’re confident that your idea for the business is promising, you might be interested in approaching an investor. Sure, they would like to see a return on their investment, but if the investment is going to mean the difference between failure and success, it’s a benefit to your business.
Establishing online presence
Something you should be doing as soon as possible is taking advantage of all of the free resources that are available to you. Luckily, businesses have been able to use social media for years to promote their business and gain a following. Businesses with an online presence have an easier time finding customers, as it’s a great way for them to advertise themselves. Even small businesses that don’t distribute their businesses through online sales can use it to make themselves more known to the public.
Product evaluation
Your product matters the most out of everything, and even if you’re confident in it yourself, you should still get some more opinions. There are a lot of businesses that start on the idea that their product is going to be the next trend, only to fail because they misjudged the popularity of what they were selling. Getting second opinions on your product can help to further develop a more promising item to sell instead.
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. No matter what business you’re running, it’s import understand what processes you need to take care of in house versus those which can be done by some other entity. The following contributed post is entitled, 4 Processes Your Business Does Not Need To Handle.
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Running a small business can have your hands full at all times, and you don’t always need to take care of everything yourself. Just because your team isn’t big enough to handle all that needs to be done, doesn’t mean you need to take that responsibility on yourself. You can entrust a lot of your work to other companies for a fee, and find that it’s cheaper than having your employees doing it and that you have a lot more time to focus on things that are more important.
Outsourcing is something that many businesses take advantage of, and it’s the logical solution when it comes to growth. If you were to start delivering your products over a broader area, would you invest in your own fleet of delivery vehicles? It’s impractical and much cheaper to entrust that to another business entirely.
Looking for new employees can take a long time, and that’s time you could be spending working on something else. The whole process can be stressful, especially if you’re going to approve applications and be present for the interview process. You don’t have to do that, and there are plenty of recruitment companies out there that can work with you. They can find applicants that are a good fit for your job, all you need to do is communicate with them on your own needs.
Distribution
If your business is small and struggling to gain an audience in your local area, a logical answer would be to try and broaden your consumer base. To do this, you would have to be able to deliver your products, and when your store is online; finding those customers is no problem at all. The only issue is, a new fleet to deliver your products would be incredibly expensive. Looking into a freight forwarding company to help you take care of that can save you a lot of money, and it’s a load off of your mind.
Manufacture
Most retail businesses don’t manufacture all of the supplies that they sell, and they’re usually taken care of by the supplier. It’s impractical to manufacture everything yourself when a business that’s well-equipped could mass-produce what you’re aiming to sell. To be equipped enough to meet demands would take years of preparation and a lot of investment. Your business doesn’t need to be in charge of this, and there are many manufacturers you could work with.
Marketing
Marketing is something that requires a lot of experience if you want to get it right. Connecting with your audience is challenging, and getting the message right is going to take some experimenting. It’s expensive, and you could save yourself a lot of money and resources if you were to leave it to a marketing firm. They have the experience, the tools, and the people to help your business gain the recognition it needs, and not only is it good for your own time; but you’re more likely to see a positive ROI if you’re no marketing expert.
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. Many forms of business require travel. Likewise traveling for business isn’t a vacation and must be treated accordingly. The following contributed post is entitled, Tips For Heading Away On Business Travel.
If you are frequently on the road travelling for business, then making the journey as easy and comfortable as possible will make the whole process more enjoyable. Unfortunately, travelling for work can be a necessity for a job and you might need to travel in a truck if you are a delivery driver, or head to meetings if you work in sales. You might have to regularly fly around the world, or you could just have to travel to different places in the country where you live. No matter where you have to travel, it is important that you are as organised as you can. Here we have put together some top tips for heading away on business travel.
Condense Your Packing
Whether you are flying, travelling in a car/truck or using public transport, the last thing you want to be doing is lugging around a large suitcase. Before heading off make a list of the key things you need for your business trip. Try to be strict with what you are picking and if there is any doubt, the chances are that you don’t need it. The lighter you travel the smaller your case can be making the journey a lot easier. If you are able to reduce your suitcase size to a carry-on when flying, you then won’t need to wait in the ques when checking in. Plus, always remember, if you have forgotten something you can always purchase it whilst you are away.
Ensure you have all the relevant insurance
As well as being prepared for the actual meetings and things when you are travelling for business, you will also need to have other insurances in place. If you are travelling abroad you will need travel insurance that will cover you in the instance that your flight or ferry gets delayed, if your luggage is lost and if you fall ill for any reason while you are out there. You will also need to know what to do if you are driving and get into an accident. In this case, it would be a good idea to look into getting a truck accident attorney who will help you.
Think carefully when book accommodation
When you are heading away on business, you will probably need to book accommodation to stay in if it is a long journey from home. When choosing your hotel there are many things you will want to consider. Price will probably be a factor as if your company is substituting they will likely give you a budget. For this, you can consider using a hotel booking engine to help you. You will also need to think about where your hotel is based. It is a good idea to be near the place where you will be having meetings or attending conferences to make it convenient for getting there and back during the day.
These are just a few top tips that can help you be more prepared the next time you are heading away on business. Business travel is necessary but these tips can help to make it more bearable.
This blog post is going to involve the areas of Blogging/Writing, Business/Entrepreneurship, and Technology. As many of you know, I was able to monetize my blogging platform a couple of years ago. With multiple projects, I only have a little bit of time throughout the year to generate pieces here for myself now. Much of the content is generated by customers/collaborators. By the way, my new blog entitled, ‘Big Words Authors’ is now up and running and has a more literary/storytelling focus. Take look if you want to read creative writing narratives, stories, poetry, and my new book project entitled, “The Engineers: A Western New York Basketball Story”, and the many supporting promotional pieces that are on the way.
This piece, while it will discuss how I monetized my blogging platform, will also talk about two important aspects of starting your own enterprise: monitoring your business receipts and customer service. Over the years I’ve heard that systems are an important part of any successful business, and I’ve found that to be true. I will thus also discuss what happens if some of your critical systems breakdown, compromising important aspects of your business like your customer service.
There are currently numerous documents on the Big Words Blog Site involving blogging. Some were written by me, and some were written by a customer. A year or two after starting the Big Words Blog Site, I unexpectedly entered the business of Search Engine Optimization (SEO). I plan to discuss SEO in greater detail in a separate post. For now, however, I’ll just say that I started collaborating with other entities to publish content, for which I’ve been compensated. I’ve worked with several collaborators, and each involved the generation of business receipts and customer service.
Checking Your Business Receipts
In one of my Fathers’ Day posts (2017), I shared a memorable experience where my father reprimanded me for not taking my receipt and counting my change – a life changing experience for me. It turns out there’s a business context for checking your receipts. As I’ll describe in the business context, checking your receipts not only ensures a given transaction was executed properly, but it can ultimately save your business.
In short, I was able to monetize my blogging activities through the area of SEO. I’m no expert in SEO, by any means, but essentially it involves increasing your rank in the Google search engine by being linked to other websites. This is a big thing in our modern digital age and there are companies that specialize in this. The client/company/partner I started working with created short informational pieces of all kinds, linking companies in them.
Our partnership involved my publishing the content they sent to me perfectly, meaning that the final published version needed to match the draft they sent me in terms of content, structure and the weblinks inserted in the original piece. Once I sent them the published link and it was satisfactory, they would send me a receipt letting me know that the piece was perfect. I have partnered with other customers performing the same service, and still others who simply want their links added to specific contents. When the partnership with my main customer started a couple of years ago, I couldn’t believe it. It involved me publishing large amounts of content and it became profitable.
Interestingly, in some instances with large numbers of pieces being generated and passed back and forth, inevitable mistakes occurred. These were either on my end or on theirs. This was understandable as they were generating thousands of pieces (from me and others), and I was publishing as many as they could send me. Occasionally, I would unintentionally leave a link out, to which I’d receive a polite message saying, “Can you please put the X link back into the piece?”. In some instances, they’d send me an apology and would ask me to change something to update it from the draft they sent me – an error on their part.
In some cases, a link that was anchored to text would need to be changed to a naked link (the actual ‘https’ web address), or sometimes the other way around. Either way, the receipts were communications that we were good to go, and that I would be paid, or that a change needed to be made, and typically, quickly. These communications also occurred when I was offered a piece, when I accepted it, and in some instances, when they needed me to delete a narrative for whatever reason. They were very important communications for our partnership.
The Importance of Customer Service in Any Business
Up to this point I’ve discussed an important element for any business/organization without explicitly stating it, Customer Service. Depending on the office in which you work, many federal employees are rated for their level of customer service every year. Simply put, customer service is the proficiency, quality, and speed with which you see to the needs of your customers.
An example from a McDonald’s restaurant comes to mind. Years ago in a McDonald’s Restaurant I ordered an extra value meal. I could taste the food as I ordered it and was set to scarf it down as I picked the tray up from the register. Somehow, I tipped my tray in such a way that my fries all fell on the floor, spilling out everywhere in front of me. Embarrassed and sure that I’d have to pay some more, I turned back to the register.
“Can I have another medium french fry, please?” Within seconds the girl working at the register got me my new fries fresh out of the fryer, and she didn’t charge me for it. This was an example of stellar customer service.
In terms of bad customer service, how many of us have had to call technical support for your cable/internet provider? Maybe you’ve had to call for your new technology device you just purchased. How long did you have to wait on the line and did the person even speak English? Was your problem resolved or did it linger for hours, days and weeks? Depending on your answers, you may have experienced poor customer service and have either complained about that particular business, or you may have never returned to do business with them.
In a nutshell, they say that the reputation of your business spreads by word of mouth. Thus, if your customer service is poor, the word could spread quickly. The same is true if your customer service is stellar. You want to stay in the latter group as it can affect your profits. That goes for whether you’re in the food service industry or SEO.
Business Receipts, Your Business Systems, and Your Customer Service
It is said that the most important part of your business is its systems. When I started the Big Words Blog Site, I set up a Microsoft Outlook account to handle the email correspondence for the site. I eventually downloaded the Outlook app onto my smartphone and upon using it, I could quickly see the notifications my customers sent to me once we started working together. From the palm of my hand, I could see if the published pieces were satisfactory or if something needed to be changed. Outlook and its app allowed me lots of agility, so to speak.
Unfortunately, there is generally at least one technical glitch per year for my business. Earlier this year something disappointing happened. My Outlook account was hacked and I could receive emails, but I couldn’t send them. This threw a major wrench in my operation. If I couldn’t send emails, how was I going to accept and confirm the documents from my customers? Immediately, I had a light-bulb moment and decided to set up a G-mail account to conduct my business while the host attempted to fix my Outlook account.
In short, it worked, but it wasn’t the same. Fortunately, my customers started sending their content to my new G-mail account so that aspect of our partnership continued. One problem I encountered though was the functionality of the G-mail account wasn’t the same as the functionality of the Outlook account. With the G-mail account, I could see when new emails were coming in, but I couldn’t quickly differentiate when an action was needed. Also, when I opened the account on both my PC and my phone, it was difficult to differentiate between the new posts that were sent, when they were sent, and if they were satisfactory.
Because I was multitasking and was a little lax in terms of checking my business receipts, I was slow to accept documents and slow to react to errors in the pieces I published. My response time had become embarrassingly slow, and frustration built for both me and my customers. One issue went unresolved for a week and half, which was unfortunate because my customer worked according to deadlines. This was confounded by the fact that my blogging software didn’t always update in the most expedient way. A customer wrote me back once saying that they would slow down sending content and I came to the sobering realization that I may have permanently destroyed our collaboration.
Restoration Of My Outlook Account, Moving Forward and Lessons Learned
It took my webhost about three months to fix my Outlook account. In the meantime, my troubles using the G-mail account with my business taught me a valuable lesson. I paid much closer attention to every piece my customers sent to me, as they had not abandoned me. I refocused and attacked problems with a renewed intensity. I closely watched my business receipts and responded to customer emails expeditiously. Once my Outlook account was restored, things were pretty much back to normal and hopefully they will stay that way.
Closing Thoughts and Conclusions
I learned several lessons from the entire turn of events. They are as follows:
• Check your business receipts and ratings regularly. • Make sure your customer service ratings are as high as possible. • Have a backup plan should one or many of your business systems go down. • In the business arena, you must remain ever vigilant.
Thank you for reading this piece. For the next phase of my writing journey, I’m starting a monthly newsletter for my writing and video content creation company, the Big Words LLC. In it, I plan to share inspirational words, pieces from this blog and my first blog, and select videos from my four YouTube channels. Finally, I will share updates for my book project The Engineers: A Western New York Basketball Story. Your personal information and privacy will be protected. Click this link and register using the sign up button at the bottom of the announcement. Regards.
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. As a business owner, one of the things you’ll want to think about is the practicality of your business’ products. The following contributed post is entitled, Dealing With The More Practical Side Of Your Business’ Products.
Running a business can be a grand new adventure. Many people are opting to start up their own companies following the pandemic, whether that’s due to job loss through company collapse and redundancy, or because they simply had enough time to realise their previous career path wasn’t for them. If you fall into this category and are getting involved in your own start up, chances are, you’ve already spent a lot of time learning new skills, areas of business management and more. There’s a lot to take on board, but all too many business owners get overly focused on more fun and engaging elements of running their company, such as market research, marketing and brand building. This is important, of course. But you do need to take time to focus on some of the more practical elements of creating your products. You can have the best ideas in the world and the best products ever, but if you don’t bring them to life, you’ll have nothing to offer your customers. Here are a few areas of focus that can help you to get the ball rolling.
Product Development
The product development stage of setting up your business may feel long and drawn out. Often, you’ll need to go through several rounds of suggesting products, receiving feedback and tweaking things until you’ll come up with your final design. But it’s absolutely essential that you grant this step the time, investment and focus it needs. It’s what will help to create a desirable, functional and sellable product that will prove the staple of your business’ success.
Manufacturing
Once you have ideas for your products, you’re going to need to bring them to life. This is where manufacturing comes into play. Manufacturing is the process of taking raw materials and transforming them into your final product. Now, you have a couple of options when it comes to manufacturing. The first is to outsource the process. When you outsource your manufacturing process, you will hand the work over to a third party who can create your products on your behalf. This will come at a cost, but it means you don’t have to invest in factory spaces, machinery, equipment or staff to create your products. Alternatively, you can invest in all these industrial supplies and bring your manufacturing in-house. Most startups find that starting out by outsourcing and then bringing things in house once they’re making profits and have created demand for their products works best.
Product Testing
Remember that all of your products will need to be tested. This will make sure that they are safe for the consumer market, saving you from liability if something goes wrong with any of your products once they reach the consumer. Product testing can also ensure that your products work and are up to standard.
These steps will take some time to get through, but the effort will all be worth it in the end. You should find yourself with a great product to confidently launch onto the consumer market!
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. As a business owner, one of your tasks is managing the finances of the business. Thus you want to determine how and where you can save the business money. The following contributed post is entitled, How An Industry Can Make Savings.
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Saving money in business is one of the best ways to ensure growth, but making sure that savings are made can be a difficult thing to do – there always seems to be something else to purchase or invest in that means anything you are able to save suddenly needs to be used, leaving you with very little. However, you will find that the more you can save, the easier it will become, and anything you do need to buy won’t leave your company short of funds. Here are some of the best ways to save money.
Using the correct software to run your business can be an expensive upfront cost, but it is a wise investment. Although it is possible to buy software that will do a similar job to something that is more specific to your sector, in the end it just won’t have all the functions you need to do your work to a high enough standard. If there is something that has been made especially for your industry to use, then it is likely that it will be worth the money to start with, and it will save you money in the long term because you won’t need to buy additional software, and neither will your quality of work suffer.
Review Your Expenses
When you’re in the middle of running your business, you might not notice how much you’re spending. This is why it is essential to have a spending review once a month in order to determine what you are paying for and how much you are spending. Once you know this, you can work on reducing those costs. It also means that you can make sure your bank account tallies with your receipts, and if you do this on a regular basis rather than when tax time comes, it will save you a lot of worry and stress. Alternatively, you can hire an experienced accountant to help you do this.
Make Your Employees Responsible
If you have employees and they are tasked with finding new suppliers, searching for services, or even if they have a company credit card, it’s a good idea to make them responsible for their own spending. That doesn’t mean they have to use their own money, but it does mean that you should try to instill a sense of ownership in them. If they feel more involved in the business and they understand what it takes to run it, they will be less likely to spend without thinking, and more likely to come up with sensible ways to make savings, such as buying used ambulances for sale or renting essential equipment that only needs to be used occasionally. This can prevent unnecessary purchases and therefore save the business money.
Find Partners
Not all businesses will want or need to find partners to work with, but it can be a good thing for some companies, and it is a good way to save money. If you are working closely with someone, you can split the costs, and you will immediately have a good saving in place. As time goes on, you will be able to work together to boost your businesses as well, bringing more money into the company as a whole.
Two focuses of my blog are Financial Literacy/Money and Business/Entrepreneurship. As a business owner, one of the things you’ll want is for your customers to feel comfortable. The following contributed post is entitled, 3 Tips For Getting Customers To Feel Comfortable.
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To break down barriers and start selling your product or service, you first need to make potential customers and clients feel comfortable about your business. Customers need to feel safe as they want to know where they’ll be putting their money towards. It also helps if they’re able to see the product, service, or even have a one-on-one conversation. Customers and clients don’t want to feel ripped off. Nowadays, it’s so easy to scam people, unfortunately.
Anyone can build a website, create ads, and begin “selling” on the internet. In-person and online shopping are both completely different experiences but both need to be presentable so potential customers and clients can feel at ease when making their decisions. Here are some tips for making your target audience get comfortable with you.
If your business has a physical location, utilize this. You want your business, whether it be a shop, service, or anything else, to look professional. Some customers and clients want to meet and have a discussion face to face. Some are old-fashioned and it should be something that’s respected. If your physical location doesn’t look the best, such as lacking curb appeal or lacking any visually appealing qualities then you’ll want to look into fixing that. Having a comfortable and professional-looking space is vital. Not only will potential customers enjoy this, but it helps employees work more efficiently as well.
You may want to look into a skip bin hire and then make some changes to your workspace. Adding some nice furniture, painting the walls, and changing up the flooring can truly transform the space. Lighting and décor are important as well, as these help out in setting a desired atmosphere to the space. You may even want to add something to the exterior such as plants so the outside looks presentable too. It may seem like a lot of work but first impressions matter as they are long-lasting.
Have a Contact Page on Your Website
If you have a business website (and you should), you need to get yourself a contact page. Yes, a professional and up-to-date website is very important but it’s also important to have the appropriate pages on there too. This contact page should contain information about the company so customers and clients can reach you. You should provide a number as well, and answer any incoming calls. Sure, there may be challenges of using articulate speech during phone calls but it’s crucial to let customers know they’re real humans and you’re running a real business.
Utilize Customer Testimonials
Reviews are one of the most important components for a customer. This is what will help them in deciding on what to purchase or who to hire. You’ll find reviews on social media ( such as Facebook), Google Business Reviews, The Bom, YouTube, and even on a website testimonials page. Whether customers want to compliment you or criticize your service, they should be allowed to. Both positive and negative reviews will let customers know that you’re a real business and it will raise their comfort levels.
Make Sure They Know How To Use Your Products or Services
It’s important that your customers know how to use the4 services or products you’re selling. That’s why demonstrations and customer training processes can be very useful, particularly in certain niches. Software as a service is the perfect example of a niche that requires customer training in order for them to get the most out of the product. Good saas customer success training makes a real difference to outcomes in the industry.
