Tag: running a business
Steps to Starting a Small Business
by Business Coach in 2009, under Small Business Help, Starting a Small Business
Steps to Starting a Small Business
Are you looking to start a small business or looking for help with your startup Business ?
Starting a business takes courage and skill, and often the initial personnel involved in the startup business will lack some of the less critical skills or experience, eg office administration etc plus often the workload involved does not warrant a full time person in the role. This is the perfect situation for outsourcing particular roles or tasks to those experienced in providing such roles.
However there is one task that must at least be overseen by the originator of the business.
It is that of creating the Business plan, the method of taking the ideas of the business originator and putting them into some sort of structure that defines what the business is about and where it is intended to go.
First step with any Business is the Business Plan
Without even the simplest of plans the business is unlikely to be successful, as it will be directionless.
The Business Plan is just like a Road map.
If you know where you are going, because you have been there before, then you already have the plan in your head.
If you have not been there before then you need to look at the map, plan a route to get to where you want to go (do you want to provide an ongoing income or build the business up in preparation for sale or combination of both etc) and how you are going to get there, ie using what mode of transport(product or service), where will you buy fuel (money), will you need others to help you get there (co investors, co directors) or need to have someone drive you there (workers, contractors, outsourced services etc).
The Business plan makes you at least consider the important aspects of the business, and you can choose to determine if they are relevant at that point, or if some planning needs to be put in place to take care of them later.
The Process makes you think
When writing a business plan, the very thought process of considering one aspect will often bring up another that had previously not been even thought about.
For instance, when considering how your business will market its product or service, (normally with very little budget), all sorts of opportunities should come to mind that are suited to the particular product, such as local papers, free websites, direct marketing letter box drops or targeted prospect offers, Trade-me, Trade & Exchange, Clubs & associations, Joint Ventures with complementary businesses etc
Without going through the plan building process, the chances are that many of these sources would not have occurred to you, or appear when you are half way through an expensive marketing campaign.
Everyone is on the same path
It is well worth spending some time developing a decent business plan so that everyone involved knows where the business is heading and how it is expected to get there, and of course you will know when the goals have been reached.
From the top level business plan will be generated the lower level working procedures, which will make them congruent with the overall plan, rather than being developed in isolation and at risk of being at a tangent to the master plan.
However, realise also that the Business plan should be flexible and will often change due to business environment, law, cultural factors or financial constraints etc. If the plan is written in such a way as to make change easy, then it provides a useful reference of the majority of issues that need to be reconsidered in the new direction.
So the first step to Starting a Small Business (and many existing businesses that have evolved uncontrolled) is the Business Plan
There are many Business plan tools available. The trial version of this one may be useful to you for checking on the financial viability of your projected sales and business overall.
.
.
.
.
Small Business Help
by Business Coach in 2009, under Business Mentor, Small Business Help
Small Business Help
What is a Small Business and what Help do they need ?
Small Business is traditionally 1 to 50 employees, which encompasses a huge number of businesses and business types.
From a one man band running a business from home, to a contractor doing subcontract work for a bigger company, to much larger companies employing many staff, each business type has a lot of similarities and generally only a few specific differences.
Common problems in most businesses are as follows:
- Cashflow
- Funding
- Operating Funds
- Cashflow compensation funds
- Expansion Funds
- Sales
- Sales Training
- Marketing and Advertising
- Supplies
- Local
- Imports
- Accounting and Tax / GST /VAT
- Staff problems
- Skilled staff shortage
- Personality conflicts
- Productivity
So how is a small Business going to address these issues of administration and management ?
Getting help requires overcoming some issues in itself, before the real issue is addressed.
1) the business needs to recognise that it needs help in some area
2) the business must commit to providing time and probably money to address the issue.
3) the business needs to be willing to listen to outside help and be willing to act on the advice.
Once these issues have been addressed, then the task of finding relevant help for the Small business begins.
Methods of Help can range from employing Consultants, to training or re-assigning tasks within existing staff, to self help type programs or courses.
There are many Free or low cost self help courses available from local training institutions such as after hours school. There is also a huge amount available for free or low cost on the internet.
Outsourcing Small Business Administration, from all areas, Management to Operations is viable with the availablity of Small Business Consultants for the individual areas, whether it be Strategic Decision making, day to day Administration or Management, dealing with financial difficulties, or Human resources issues. There is Help for Small Business when the business is ready to ask for it.
1. If you need high quality and confidential advice for your struggling business!
2. If your business is suffering from your customers paying slowly!
3. If you personally feel stress because your business is under stress!
4. If your business administration is lacking!
5. If your business needs restructuring!
6. If your staff are not performing!
7. If you can’t see the true profitability of your business!
8. If you have a good business but you want to improve profitability!
9. If your marketing isn’t working that well!
10. If your cash flow isn’t working!
GET HELP NOW


















