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Selasa, 04 Desember 2007

3 Essential Tools for Starting and Maintaining a Small Business

We believe that there are 3 factors that drive the success of small businesses.

1) Acquiring start-up capital
2) Finding customers
3) Accounting for, budgeting and controlling sales and expenses



The following resources will help your small business achieve these success factors.

Acquiring Start-Up Capital


An adequate supply of capital is essential as many profitable businesses fail because they don’t have enough cash to pay their employees and suppliers. But what is an adequate supply of capital? The only way to tell is by doing a significant amount of research on your potential market and formally documenting this in a business plan. I’m sure you know that a business plan is a very important document that is crucial to convincing your banker to lend you money.


There are two ways to obtain a business plan.


1) Do it yourself by amending a business plan template, or
2) Hire a professional to do it for you.


Obviously obtain 1) will be a great deal cheaper.


Our research led to a website that has over 60 high quality and free business plan templates. We also found a directory that you can use to easily find a business plan writer in your city – where ever you live in the world.


Finding Customers


Finding customers is a difficult and expensive task for service business owners such as accountants, lawyers and plumbers. We believe that a cost effective marketing strategy for service business owners is to simply give all their personal contacts a few business cards.


Our research led to a few websites that have pre-designed business card templates. We felt that the diversity and quality of these designs was outstanding. In addition, we found that you can obtain a significant saving by finding a printing service on the Internet. We found that you could get 2,000 full color business cards for as little as US $150.


Accounting For, Budgeting and Controlling Revenue and Expenses


Accurate accounting is very important for small business owners. It’s essential that you have timely access to information that could make or break your business. If stocks are running low – you need to know about it. If a large proportion of your debtors haven’t paid – you need to know about it. If you do not react to these situations quickly you may have a situation where you don’t have enough money to pay your employees – or worse still someone is stealing cash out the till.


Our research led to a website that compares and reviews top accounting software for small businesses. The cheapest software cost US $89.99 and the most expensive software cost US $1,499. It was interesting to note that the top 3 ranked websites were not the most expensive and cost between US $250 - US $300.


Hopefully you now have an idea of some of the tools that you can use to grow and maintain your small business. If you would like to benefit from our research please visit our website. We do not charge for this research and offer the content freely on our website.


About the author:
http://www.best-quality-small-business-resources.com/

Ryan Hough is the webmaster of best quality small business resources.com, who's aim is to help you save time and money by finding reviews and case studies that will enable you to choose the best resources at the right price.

10 Businesses: Will Your Business Be the One Winner Or Part of the Nine Losers?

A business coach is a person who helps you grow personally and professionally. A business coach bridges the gap between where you are now and where you want to go. If you want to expand your business and want to set high goals, your business coach can help you in achieving, what you want with some advice and encouragement. Business coaches work with entrepreneurs, executives, managers and employees to motivate them and accelerate business process with their professional skills, knowledge and experience, thus helping them to achieve the goals of the organization. Business coach not only addresses business issues and processes related with business, they also focus on the personal desires, needs, characteristics and goals of the individual. A business coach helps business owners to learn the tips and tricks of business, expertise of delegating more work to managers, motivating employees and achieving business goal with optimum utilization of limited resources. The coaching gives encouragement, motivation, and accountability to the business owners and helps them to achieve maximum out of their life.

A business coach helps in following ways:

  • Provides quick solutions to your problems.
  • Facilitates process of learning techniques and ideas.
  • Offer customized solution to specific personal needs of business owner.
  • Helps in drawing business goal and providing direction to achieve goals.
  • Provides techniques of maximum utilization of limited resources.
  • Concentrates on the important issues of the business.
  • Provides efficiency to business activities with minimum wastage.
  • Cater to personal needs of business owner.
  • Leads to a productive, happy and satisfied business and personal life of business owner.

Thus a business coach provides solutions to all problems of business owner. A business coach sorts the communication problems at different levels of the organization and helps in running business at optimum level, with business skills and knowledge. A business coach redefines goals; breaks down the goals in small chunks and works scientifically to achieve them. A business coach paves the path of success for business by helping realise its full effectiveness.

Learn more about the advantages of executive coaching:
http://www.hjventures.com/executive-coaching/Business-Coach.htm



About the author:

Howard Schwartz is a partner in several business strategy groups, including HJ Ventures International, Inc. Howard has worked with hundreds of entrepreneurs worldwide with a focus on writing Business Plans for companies interested in raising capital from Venture Funds and Angel Investors. Howard’s business plans have secured several million dollars in funding. For more information: http://www.hjventures.com/executive-coaching/Business-Coach.htm


 

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