Showing posts with label Small. Show all posts

The Importance Of Small Business Getting Online And Developing a Web Presence

It is extremely important for all business, big or small to have a web presence in these high-tech times of computers, tablets and smartphones. With all the technological advances that have happened over the last few years it is even more important to keep up with the times or you are going to be left behind.

Almost everybody has access to smartphones, tablets or computers these days and they no longer need to use bulky phone books to find businesses or services because they can search online, anytime or anywhere for any business, any service or any information they desire.

In the past whole communities have lost customers due to progress for example; Motorways have created ghost towns and put bustling shopping centers out of business, the only thing left for them to do was to move or go out of business.

If you are not online then your business is off the main drag and at best will only attract local customers and the occasional passerby.

Luckily moving online is not as complicated or as expensive as moving your business location to meet the motorway nor would it be as expensive, in fact it can be very inexpensive and quit simple to do with the right information and help.

If you have a small business and have looked at getting online you may have been overwhelmed by all the options you have as well you may know very little or nothing about the internet and websites or just don't have the time. It can be very daunting, time-consuming and confusing to get your business online.

There are hundreds even thousands of professional website services offering to build you a website and get you online, some even give you a free website, others charge a fortune and they all will get you online.

What they do not do is give you a web presence! That takes a bit more work.

Just having your business online is not good enough, how are your customers going to find you from possibly millions of other similar websites?

That is why you need to develop a web presence!

For a lot of businesses just a simple webpage or basic website can be enough providing contact details, basic information outlining what your business does and perhaps a picture or two. Other business might require something a little more advanced like an e-commerce website so they can sell directly.

At Web Start Business we do consulting work specializing in getting Australian small businesses online through helping you to understand how it all works and by developing a web presence for your business.
By listening to our customers needs we can formulate a plan that best suits your individual needs and budget.


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Some Marketing Guidelines to Grow Your Small Business

Businesses cannot remain stagnant, but must continue to grow in order to maintain their position in the market industry. What are some of the considerations that small business must consider as they gaze ahead to the future? It is essential so that you use your valuable time to increase business strategies for navigating your company, setting clear goals and objectives, and achieving your desired results. Marketing is a way of managing SMEs so that each critical business decision is made with full knowledge of the impact it will have on the customer. Internet marketing is the best to increase your company growth. You have a lot to take into consideration when deciding how to expend your marketing budget, but there are a few things to keep in the front of your mind:

Advertise your business online: Your aim is to let everyone know what you are offering, and why those offerings are better to what your competitors may be offering. If you are not advertising your small business online, you can guarantee at least one of your competitors is miles ahead of you. Millions of SMEs are already advertising online in some respect, and those businesses come from every imaginable market.

Make connection to local businesses: If you want to find out where people from your local area hang out and can be found, stay connected with them. It is also reasonably common for consumers to make connections with local businesses through the Internet. If someone down the street were looking online for products you can provide, would they be likely to find you efficiently and determine that you are their best option?

Email Marketing: After creating your product and building your website, the next thing you should do on priority is to start building a mailing list. These are the people who visit your website and then sign up for your newsletter. You can then build a relationship with them by sending useful content in your mails and then generate revenue too by occasionally promoting some relevant product in your mail.

Not spending too much money And make strong small business strategies: You don't have to give up a lot of money to gain a rewarding online presence today. You need to prepare strong small business strategies in terms of growth. If you are willing to sacrifice a bit of time, or have an employee dedicate some time, you can establish an online presence without sacrificing a large portion of your marketing budget. Social marketing is a good place to start.

Search Engine Optimization: By ranking highly in the search engines, your site can attract hundreds of visitors on a daily basis all without costing a red cent. Of course, there is work involved in adding quality content to your site and building links to it, but that's a small price to pay in return of a consistent stream of targeted visitors that turn into buyers.

Take reminder of these strategy pay special attention to how they each tie specifically to a customer need or want. If you're thinking like your customers, you're more likely to be successful at each and every one of these elements.

The writer is expert about the way for business perfective as well as how to grow local businesses. He has written many articles that provide enough information about small business strategies. In this article, he has discussed about several small businesses to get more customers and grow their business via internet through a website.


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Voting for the Small Business

It is just around the corner, no, not the pharmacy, the national election. In fact, I just got back from early voting. There were a lot of voters and voting machines. The process was fairly painless. As a small business owner you have the right and the obligation to vote for the candidate who will help your business survive or at least will not create road blocks that cause you to stumble and fall.

I can't tell you which party or candidate or issue to vote for, or against, but you need to know that the persons you vote for, both nationally and locally, may be in a position that can help you or hinder you and your business. Different parties have different agendas, and depending on what kind of business you have, may make the difference in your long term success or failure.

Here are my suggestions:

· Study the issues - Find the issues that affect you and your business. Read about them from opposing sides of the argument. Learn how they could affect you over time.

· Investigate each candidate - Is this a trustworthy individual? How is their track record? Where do they come down on each issue that affects you?

· Visit with others - What are your employees saying about the issues and candidates? Is there a clear choice? Try discussing the issues and candidates with competitors and major customers. Maybe you are part of a trade association and that group has an opinion to think about.

· Make a decision - This can be the hard part. Sometimes it comes down to a gut feeling while you are standing in the polling both. Or it could be a cut and dry thing. Either way, you need to "make your mark" and "pull the lever" for the candidate and or proposition that favors your business and your livelihood.

Some elections are more important than others. If you live in a State that is "already decided" one way or another, certain votes might not be as important as others. Maybe a local issue, like a tax hike for the creation of a bond to spend your money, is more important this year than other issues and offices. If so, that is where you should spend your time and energy.

We are lucky in America to have the right to vote on so many different things and people. It is part of the reason we have been a leader in the world and have been able to keep going for so long. So this year and in future elections do your duty as a citizen and business owner and vote for the person who will help you and not get in your way. Good luck.

Randal Roberts has over 30 years of commercial and international banking experience. He has helped more than 2,500 different companies with their businesses. He is willing to help you find the resources you need to start your own business or improve the one that you already have. Visit http://www.accelfs.com/ for more information.


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Selling Receivables for Small Businesses: Is It Right For You?

You need cash. You just landed the big account you've been working on, but don't have the funds needed to complete the service promised in the first place. Maybe you have payroll due in the next few days and are still awaiting payments from your customers. Regardless of the context, one thing is for certain: you're strapped for cash and the banks are refusing to give your business a loan. What can you do? In such circumstances, more and more small businesses are considering selling receivables to solve their cash-flow woes. Operating under the same philosophy as credit cards, factoring (or receivables financing) involves selling your receivables to a third party in return for upfront payment. Factoring companies will thus buy your receivables at a discount, usually between 75 to 80 cents per dollar, and in exchange give you the hard cash you so desperately need. As of late, this method has been gaining a lot of steam within the small business community, for its ability to produce quick results-regardless of a company's size, credit score or status. While certainly effective, it must be noted that this service does indeed come at a price. If not used properly, it can lead to a pretty sticky mess for you and your small business. Start considering how selling receivables can help your business but also, how to do it wisely and efficiently.

Selling Receivables for Small Businesses: Is it Right For You?

WHY?

- Fast Cash - As senior financial analyst Mike Lubansky points out in Business Week, "In the past, some may have seen factoring, because of its higher cost, as associated with troubled situations. But now it's just another source of financing, especially for funding that businesses need to grow when banks that have tightened credit standards and are focused on preserving capital are not able to lend as much." In this light, selling receivables can be a great way to get the quick financing you need. In the words of Cindy Phillips, "Accounts receivable is the lifeblood of all business," but cash flow sometimes doesn't always function the way we have intended it. Bills come in at different times, payments are collected late, all in all, sometimes the cash isn't there at the exact moment when we need it. What we do have are receivables and by selling them we can get fast access to an immediate source of cash to use on urgent matters. In this way, your small business can get the money needed to, let's say, pay your employees, take on that new account or simply stay afloat when otherwise you wouldn't have been able to.

- Collection Agency Alternative - Selling your receivables can also we a good way to get rid of some of your delinquent accounts. While granted you won't be able to get all of your money back from the invoice, you could at least recover some of it through selling receivables to a third party. Remember that these factoring agencies make their price based on your customers' credit, size of accounts and time it takes your customers to pay, so chances are, with delinquent accounts, the fee will be a little higher.

HOW?

- Use Sparingly - As appealing as the prospect of immediate cash sounds, when selling receivables you must to be careful. It can often be the start of a slippery slope-especially when operating at already reduced profit margins. As Bill Hettinger, principal at the Institute for Finance and Entrepreneurship, warns, "Once you start factoring, it's a difficult process to break. The key to a factoring or discounting decision is a complete analysis of all the financial implications of the decision. It's more complicated to analyze than a bank loan." Selling receivables comes at a price and you must weigh the costs inherent when making the decision. There is something to say about receiving money upfront, but you must also remember that by selling receivables you are also eating away your profits. Therefore, only consider going the factoring route in cases of extreme urgency. Sometimes the discount can be so great that you will end up selling receivables for less money than it actually costs you to perform in the first place. Making a habit of this could eventually get you into financial trouble.

- Do Your Homework - Just like trying to find a debt collection lawyer, when choosing whom to sell your receivables to, make sure to do your homework. Sometimes it isn't as simple as who is going to give you the best price. When it comes to selling receivables there is a little more at stake then selling your beloved Jordan jersey on eBay. Remember, whoever buys your receivables thereby assumes control of that invoice, including the process of collecting payment from your customer. For this reason, you should do your research on the methods that particular company uses to collect money. Do they use a collection agency? Do they badger customers? Are they friendly to work with? Do they require you to only use their services? Is it through a broker? These are all important questions to consider when choosing who you sell to. Remember, they aren't just dealing with you but with your customers as well. Check references, talk to past clients, talk to your bank for recommendations, ask questions, anything you can to understand as much of their collections process as possible before you sell. The last thing you want is to hurt the relationships you have worked so hard build with your customers.

Have a problem with late paying customers? Want to improve your chances and get the money you actually deserve? Email one of our receivables coaches for FREE expert One-on-One advice at coaching@fundinggates.com or see how we can help at http://www.fundinggates.com/

Let's face it,
You deserve to get paid!


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What Small Business Owners Need to Know About Technology - Part 1

I feel that I have to write this. I love small business and I am passionate about helping entrepreneurs succeed and grow their business. As a business owner, I understand how much blood, sweat and tears people put into making their business a success. It pains me to see just how close some of these businesses are to a complete technology disaster and the business owners have no idea. I have seen it work a couple of ways. The business owner has a friend that can spell "PC", no budget for technology, bad advice, internal staff gets burdened with IT Support, or the business owners assume that everything is OK with the technology systems. Whatever the situation is, I see it all the time. The company is on the brink of a disaster and the business owners have no idea. Well, that is why I am going to write this blog series. I want to provide business owners with simple to ask questions, things to look for, items to review and some simple technology advise presented in a non-technical way.

In part 1 of this series, let's start at the edge of your company's computer network. In most cases your company is going to have some type of connection to the internet. Most companies will have a DSL line, T1, cable, or some other type of high speed internet access. As a business owner, you need to understand what type of connectivity you have, and make sure it is the correct fit for your business. This will depend greatly on the number of employees that you have and how much your employees are online. If you feel your internet access is slow, then I recommend that you look at adding a cable to your existing internet connection.

Cable is a very inexpensive way, typically around $100-$120, to add high speed internet to your office. For a lot of our clients, we leave the existing T1 connection in place for the reliability, and add a cable modem for speed. A great way to understand internet speed is to think of it as a lead pipe. The larger the pipe the faster your internet speeds will be. A T1 is going to be around 1.5 inch pipe and cable is going to be between a 20 and 50 inch pipe. So you might be asking yourself, if you are paying $400 -$500 for a T1 and cable cost $100-$120, why do I need the T1? The answer will vary, but in most cases your telephone service probably runs over the T1 as well as your Internet connectivity. Plus, the reliability of cable is not as good as a commercial grade T1 circuit.

So, find out what type of connectivity your office has. Review your contracts with your providers. Prices for these services continue to decrease, so if you have a contract that is 2, 3 or 4 years old, chances are you can renew it at a cheaper rate.

If you have questions about your internet connectivity, please ask. In our next post in this series, we will take about Firewalls. We'll explain what they are and why you need a good one.

Until next time,

Shawn Brown, CEO

Snap Technology

About Shawn Brown - Shawn Brown is the CEO of Snap Technology, Inc., a technology consulting firm located just north of Atlanta, GA that focuses on helping small businesses make the most of their technology investment.


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How To Profit More By Thinking Small

Can you actually profit more by thinking small? The answer is absolutely and there are countless small business owners working online who can confirm this! The fact is these successful entrepreneurs, most of whom work alone, are experiencing financial success that many larger businesses can only dream about! The point here is so can you and here are 3 reasons why, provided you're willing to invest some time and effort!

Less Overhead

The internet is the only platform that allows you to access a global community and all for next to nothing in terms of cost! This enables small business owners the chance to market their goods and/or services in a much more competitive fashion without the large expenses typically involved to do so! This therefore levels the playing field for all companies no matter their size to have an equal chance at making a profit! No matter whether you work alone or have many employees, the costs involved in using the internet as your marketing platform is very inexpensive! In fact the smaller your company the higher you can expect your profit margins due to the size of your payroll!

Niche Specific

Oh yeah a smaller market does means less competition but it's up to you to do the research to locate these 'gold nuggets' and this requires patience and diligence! In so many words you're watching the crowd and going in the OPPOSITE direction and this takes nerve along with a bit of faith! What typically sets successful entrepreneurs aside from the rest of the crowd is their self confidence and vision! Testing new markets or opportunities online dramatically reduces the risks involved since the largest investment is usually just time and effort! On the other hand when the niche proves to be profitable, these small business owners are able to enjoy the financial rewards and with less competition!

Taking the Leap

Do you possess the 'moxie' to take chances and test the findings your research has uncovered? Many people are reluctant to take action primarily due to the 'unknown' or the necessary commitment involved if they do! Once again successful entrepreneurs possess a 'gun ho' attitude due to their self confidence and usually don't think twice about putting their plans into action! Being the internet greatly reduces any financial risks, many who aspire to business success experience a boost in their own confidence as well! This results in more people taking the necessary actions required and experiencing the rewards associated with the steps they've taken!

By using the internet as your primary marketing platform it is indeed possible to profit more than many larger businesses! Small business owners, most of whom work alone, have proven this point in a very convincing fashion and just about anybody can join their ranks! The 3 underlying reasons there are so many successful entrepreneurs found online are reviewed above and cost, or lack thereof, is the dominant factor! Although you may not be required to make a heavy financial investment to get started or even operate your own business, both your time and effort will still be needed! Do you have the motivation it takes to join the ranks of these successful entrepreneurs and enjoy similar financial rewards? If so get busy!

TJ Philpott is an author and Internet entrepreneur based out of North Carolina.

To learn more about how to profit more by thinking small and to also receive a free instructional manual that teaches valuable niche research techniques for your online marketing needs simply visit: http://blogbrawn.com/


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Want Small Business Success? Understand Your State's Competitiveness

There's lots of competition for funding, talent, and customers. Business leaders have to create vision, execute strategy, and deliver high quality products and services at the best price and lowest cost available.

With all of those challenges, it's important to understand the competitive position of the state in which you do business. Understanding what's happening in the state will help you guide your business through any situation.

From a state competitiveness perspective, here's what to look for:

1. Economic Climate - cost of doing business and overall state economy

2. Regulatory / Tax Environment - how tax and regs impact business

3. Employment Climate - workers comp costs, unemployment, insurance, etc.

4. Education / Worker Training - college and career prep

5. Quality of Life - how health and well-being ranks against other states

6. Infrastructure - condition of roads, bridges, etc.

7. Govt Policy - government spending and debt levels

Your state might score high or low on several of those factors. The key is to make sure you understand the true climate within the state, and build enough agility in your business to take advantage of those factors that are in your favor.

Let's dig a little deeper on economic climate, and understand the primary pieces.

1. Cost of doing business - wages, taxes, utilities, and real estate (purchase and lease)

2. Cost of living - food, utilities, transportation, and housing are the primary components

3. Income / Poverty - per capita income and poverty rates tell consumer spending capabilities

4. Exports - defines state production of various products - consumer, industrial, chemicals, etc.

5. Economic Growth - state gdp

6. Unemployment Rate - where is your state positioned versus others?

7. Business Incubation - venture capital, employer start-ups

8. Economic Mobility - are residents moving up, down or sideways economically?

9. Energy Costs - electric, natural gas, water costs

It's a rewarding and interesting exercise to study and understand where you state falls against others. If your small business has an opportunity for expansion outside the current state in which you do business, make sure you study these critical success factors.

Make sure to incorporate this analysis into your strategic planning, too. Not only can conditions within your state improve or worsen in a very short period of time, but your business must be equipped to respond quickly to these macro changes.

The macro environment, from the state to national and world economies, will impact your success. Understand their influences, and most importantly, identify what you can do take advantage of the structure in place.

My name is John Sipple, and I am the President of Ignite Business Coaching. As a business coach, I work with business owners, leaders, and entrepreneurs to grow businesses profitably in stable and uncertain times, and still attain the quality of life you want outside of work.

Visit Ignite Business Coaching at BusinessIgnite.com, or contact me today! Call 859-420-5950, or email me at John@BusinessIgnite.com.


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Forecasting - A Tool for Small Business Success

Putting together a budget has left me feeling both satisfied and empty. When I was wearing my finance hat, I enjoyed seeing how all parts of the organization were putting together strategies and action plans to accomplish goals that would help grow the business.

The other positive was that as a finance team, we had a tangible output - a budget. We consolidated all the inputs from other departments, asked questions, challenged assumptions, performed what-if analysis, and put together a pretty package that was sent to the executive teams and department heads.

After the "high" of completing the budget, reality soon set in. In working with colleagues from other departments, I could see the budget package on a shelf, under a stack of papers, and in some cases, the budget wasn't to be found. Talk about a cold dose of reality.

Budgets will always have a place in business, but to increase their effectiveness, you have to incorporate forecasting into your business planning. The forecast helps take into consideration the changes that are happening in the business right now and those you expect to happen very soon.

A budget is static, and serves as a baseline. The forecast is evergreen - it changes each time you take a look at conditions, and provides you with the ability to make small gains in your business, hit a homerun, or protect your current position.

In volatile times, forecasting is an essential tool. Pull together your sales, marketing, and service and operations team. Ask them to take a look at the market, and analyze and develop a 4 quarter or 12 month rolling forecast. When you do this, you can optimize your investments, and pare back those that just won't cut it in the current market.

Along with the sales piece, review the expenses. When people have a budget, many will spend to the budget. It's human nature. Have your department heads or key leaders reevaluate their spending, and tie it back to the new direction that the forecast is dictating.

Budgeting is a baseline. From the CFO chair, it will always have a place in business. Drive innovation and resource optimization, you MUST do the forecast. Forecasting leads to agility - being quick on your feet to respond to threats, and take advantage of the opportunities that are right there.

With your business and the economy in a constant state of fluctuation, can you really afford to rely solely upon a static budget?

My name is John Sipple, and I am the President of Ignite Business Coaching. As a business coach, I work with business owners, leaders, and entrepreneurs to grow businesses profitably in stable and uncertain times, and still attain the quality of life you want outside of work.

Visit Ignite Business Coaching at BusinessIgnite.com, or contact me today! Call 859-420-5950, or email me at John@BusinessIgnite.com.


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9 Marketing Tips for Small Businesses

Businesses are never predictable. Though forecasting is done often by business and marketing analysts, the fact remains that it is forever changing and the trends come and go.

It is, therefore, essential for every business owner to know these trends so that the company's marketing tips will be suited to the needs of the people, his customers.

1. According to a Forrester Research, online purchase will influence about 50 percent of transactions. Therefore, it is imperative for business owners to also engage in online marketing because even as early today, or this coming Christmas, people are already going online to initially get a price check of the items they want and then eventually buy them there. So don't be lagged, make your business available online as well.

2. With the increasing number of people trading their cell phones for smart phones like the iPhone, Blackberry, and Samsung, there is a need for your business to be accessible on the mobile phone. With the apps that can be download for free, not conforming to this trend would mean losing a great part of your clientele.

3. With the sprouting of different social media networks - from Facebook and Twitter, to MySpace and LinkedIn, reaching your target market has never been easier. And with every customer spending at least 4 hours on the internet everyday, these platforms have become an interesting and effective online business tool.

4. Though websites are an effective tool for selling your business to prospective customers, there are many factors like bounce rate that could keep people from reaching your business. This is where email comes in. Though not anymore new, these have intensified throughout the years wherein email management systems are rising, like MailChimp, that create nicer and more effective communication.

5. Though the internet is increasingly influencing even the way people do business, you should not also take for granted the early forms of marketing such as print. You can print on small cards your business and the products and services you offer and send these to prospective clients through mail.

6. Try the buddy system. If it works for camping and other endeavors, then it will surely also work for business. Try to partner for marketing with another business you know and then send through email brochures of your own company and that of your partner. Then let him do the same.

7. As soon as a purchase has been made by a customer, do a follow up by sending another offer. This will definitely make the customer remember and retain the products you are selling.

8. Conduct seminars or in-house trainings either for free or for a fee. Just make sure it is affordable to entice people to register. With this, your business will be talked about and understood and media coverage may even be called for optimum exposure.

9. Change your tactics every now and then. When you overdo it by doing the same thing to all customers, they may end up feeling pestered. So change your strategy to make them not expect the same thing.

Indeed, businesses have to observe trends so that they may survive the tough competition today.

Shoebooks software for accounting is a premium provider of accounting solutions for SME businesses in Australia. Check out the features of Shoebooks with payroll and invoicing software modules and experience the advantages of Shoebooks software for bookkeeping. Shoebooks is located at 127 Chestnut St, Cremorne VIC 3121, Australia. Call Shoebooks at +613-9818-1515.


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Prepare for Take-Off - Pilot Your Own Small Business Like a Pro!

You've never flown a small plane before but you are on your way to your first ever flight lesson. How do you feel? Nervous, apprehensive and dare I say, excited!

Preparing to take-off in a new business venture may feel very much the same. You are bound to feel a little nervous because you are embarking on an unfamiliar journey, but once you get started you will feel the excitement kicking in. The adrenalin will begin to flow and if you are really passionate about what you want to do, then there will be nothing that can hold you back.

Taking to the sky in a small plane for the first time gives you a panoramic view that can be quite breathtaking and can give you a sense of control, your vision is vastly improved and you see things in a completely different perspective, obstacles below no longer seem so insurmountable.

This is exactly what you want to feel when you launch your new Small Business, and the thing that will help you have this feeling is having put together a detailed plan of just what your vision is. Being up high in a plane gives you an overall view of things below and a business plan gives you that perspective view of where you want your business to go.

Reach for a pen and paper and jot down your basic ideas of what you want to achieve, these only need to be rough notes, just to give you something to work on. Then assemble these notes into a logical order so that you can make up a list of topics you need to do research on. If you are thinking of offering a service you need to look at what is already on offer, if it is a physical product you need to look at what is already on the market.

Research is the key! Use the internet, look at websites that are already doing similar things and take notes of what you would like to use. Read any books or articles that give you an insight into your chosen subject and increase your knowledge and expertise so that you will have something positive to offer your customers.

When your initial researches are complete sit down and take a careful look at all the information you have acquired and try to assemble it into categories so that you can begin to put an action plan together. There will be different aspects of your business that you can assemble together, some parts you will need to deal with straight away and others you can attend to later.

Try to think ahead, that is something a pilot has to do when going out on a flight. For instance, what is the weather forecast! When you launch your business ask yourself, is this the right time of the year? Is the economic climate right? Am I starting off in the right direction?

Another very important consideration for any pilot on a trip is the fuel, have I enough to complete the distance? You might compare fuel in your business to money. Do I have sufficient funds available to finance the business, have I given attention to the cash-flow situation? All very important details, because running out of fuel in a plane will have disastrous consequences!

If you can just get all the planning done very carefully and have a complete flight plan in place before your business takes-off, you will be able to pilot your new Small Business like a Pro and build a successful future for yourself. You will need to be passionate about what you do and that passion will animate you, it will keep you alive and enthusiastic as you travel to your destination.

http://www.roadmap4business.co.uk/


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