Small Business Can http://www.smallbusinesscan.com Share ideas, get advice and promote your business today. Fri, 29 Aug 2014 08:00:33 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.2 5 Tips on Incorporating a Small Business http://www.smallbusinesscan.com/5-tips-incorporating-small-business/ http://www.smallbusinesscan.com/5-tips-incorporating-small-business/#comments Fri, 29 Aug 2014 08:00:33 +0000 http://www.smallbusinesscan.com/?p=26404 Incorporating a business is a relatively simple process that often goes overlooked as a way of creating solid foundations for growth at small or medium-sized companies. Incorporating has a number of benefits and advantages for individuals or teams leading a small business, not the least of which is that it leads your company to be taken more seriously as an organisation moving forward. As with every aspect of business development, [...]

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blog img 945 5 Tips on Incorporating a Small Business

Incorporating a business is a relatively simple process that often goes overlooked as a way of creating solid foundations for growth at small or medium-sized companies.

Incorporating has a number of benefits and advantages for individuals or teams leading a small business, not the least of which is that it leads your company to be taken more seriously as an organisation moving forward.

As with every aspect of business development, incorporating should be approached diligently and with a full appreciation of the details involved. Here are some tips to have in mind as you approach the incorporation process:

1. Decide if incorporation is right for you

This has to be the starting point for anyone considering their options with regard to incorporation. Objectively speaking, the process is primarily beneficial if you, as a business founder or director, are keen to avoid the prospect of having your personal assets or belongings seized in the event that your company starts to struggle or fail financially.

If you are happy to keep your own and your company’s finances entwined then there is probably no need for you to incorporate your business. However, if you want to access new potential routes to funding and to create a new legal entity then incorporation is for you.

2. Identify your shareholders early

A corporation operates on the basis of having shareholders in place at the top to oversee and assess all other aspects involved in running a successful and profitable business. It is possible for a single individual to be the sole shareholder at a company but having more people with smaller holdings allows you to raise money to invest in your business in any relevant way.

The important point though as you approach the process of incorporating is to decide early on who your key shareholders are going to be and to make sure there is transparency about what’s going on every step of the way. Remember that your shareholders will ultimately have to agree to the appointment of company directors before your company can be officially incorporated.

3. Hire an attorney to help draw up your paperwork

However good you may or may not be in handling paperwork, it will usually make your life a lot easier to enlist the services of an experienced attorney as you come to incorporate a company. This is particularly true in the context of drawing up Articles of Incorporation, a process which varies from state to state and entails a considerable amount of detailed form filling.

The articles of incorporation essentially inform the state you will be headquartered in of certain key details about your company and the work you intend it to carry out. It’s certainly possible to complete all the relevant documentation without the help of an attorney but the costs associated with fixing any errors could well be greater than hiring specialist help in advance.

4. Seize the moment to reward key staff

Regardless of the reasons behind a decision to incorporate, the process should be viewed as an important milestone and as an opportunity to reward key contributors to the progress you’ve made. Talented individuals are always likely to be in demand elsewhere and potentially by some of your keenest rivals. So can be smart for business leaders to award equity shares to their most valued staff during the incorporation process as an incentive to stay and work towards the continued improvement of the company.

5. Get advice on taxation issues

Once you’ve incorporated your organisation and created a new legal entity, you are obliged to inform the IRS of your corporation’s existence and apply for a new tax status. This process is straightforward enough but it can be well worth getting help and advice from accounting experts in order to remain fully aware of all and any pertinent issues relating to taxation.

By getting the right support at the right moments, it is easier for company directors to focus on doing more of what they do best and what got them to the point of incorporating a new business in the first place.

 

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A Good Shopping Experience Makes Good Online Customers http://www.smallbusinesscan.com/good-shopping-experience-makes-good-online-customers/ http://www.smallbusinesscan.com/good-shopping-experience-makes-good-online-customers/#comments Fri, 29 Aug 2014 08:00:01 +0000 http://www.smallbusinesscan.com/?p=26353 A good shopping experience depends on numerous factors including good execution, a great brand experience, a fast and secure checkout process and an efficient problem recovery system. Implementing a solid e-commerce capability in your business is not only a great way to create a good shopping experience for your customers, it is also an important tool that can ensure that your business remains super relevant and competitive in today’s increasingly [...]

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blog img 938 A Good Shopping Experience Makes Good Online Customers

A good shopping experience depends on numerous factors including good execution, a great brand experience, a fast and secure checkout process and an efficient problem recovery system. Implementing a solid e-commerce capability in your business is not only a great way to create a good shopping experience for your customers, it is also an important tool that can ensure that your business remains super relevant and competitive in today’s increasingly digital world.

Recent studies by market research firm Forrester have shown that online retail sales are expected to climb up to $370 billion by 2017 compared to $262 billion in 2013. Consumers between the ages of 25 and 34 years of age are more likely to use their smartphones to read online reviews, compare pricings and interact with companies via social media platforms such as Facebook and Twitter.

These trends highlight a huuuge opportunity for companies to capture a greater portion of their market share and take their business to the next level by using e-commerce. The following tips are sure-fire ways to develop an effective e-commerce strategy…

Establish an Easy-To-Use and Reliable E-Commerce Capability

E-commerce offers a low-cost way of doing business and provides both business owners and clients numerous benefits. The cost savings that e-commerce can provide to business owners allows them to cut costs on the promotion of their products and services. Customers gain the benefit of being able to shop online at any time from the convenience of their home or from their smartphone or other mobile device. It’s a win-win!

A great shopping experience always involves making things easier for the customer when they are browsing your online store. Making the registration process as painless as possible will be helpful in getting clients to go from “browse mode” to “click and buy mode”. In addition, offering alternative methods of payment, like PayPal, is another smart way to convert browsers into buyers.

Building Trust and Providing Convenience with E-Commerce

Online shoppers tend to have a much shorter attention span than when they are physically at a store location. Making sure your online store is up and running smoothly day and night, everyday builds trust among online customers who tend to be easily discouraged by error messages or inaccessible accounts. Fortunately, some companies can provide businesses with the systems, staff, skills and backup plans that ensure your website is open for business on a continual basis and that your customer’s information remains confidential.

Maintain a Great Customer Service Support Team

In addition to a reliable online system, a great customer service team can add significant value to your business. Although customers can have access to all the information related to your business’ products and services on your company website, talking to a friendly and knowledgeable customer service staff member can help build the confidence with clients to close the transaction. In addition to adding a human element to your online business, customer service teams are able to engage with customers and answer any enquiries or concerns they may have with your products and/or services.

Provide Transparent Documentation and Easy Tracking

When placing an order online, it is crucially important that clients get some form of receipt in their inbox which confirms their transaction with your business. In addition, leaving a digital paper trail provides a form of protection for both the customers and the business by ensuring that purchase details are closely monitored and that the delivery status of the purchased item can be easily tracked.

Having a good checkout system has been found to significantly reduce the amount of sour visitors who end up leaving before paying. A smooth checkout system will encourage customers to come back for more purchases and are more likely to recommend your site to their family and friends! Business owners gain the benefits of not having to spend time and money fixing customer problems and dealing with a bad reputation.

E-Commerce is No Longer Just an Option for Businesses

Recent trends have shown an 11% increase in online retail and 13% in orders during the first quarter of this year. Mobile purchases were responsible for a 35% increase in retail sales during the same period. These figures clearly show the rapidly increasing importance of e-commerce in today’s business environment. Making sure your business is committed to providing a great online shopping experience to your customers is the best way to ensure they keep coming back for more and more! They’ll love you for it… And your bottom line won’t be too shabby either.

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Must-Have Project Management Skills http://www.smallbusinesscan.com/must-have-project-management-skills/ http://www.smallbusinesscan.com/must-have-project-management-skills/#comments Fri, 29 Aug 2014 07:00:16 +0000 http://www.smallbusinesscan.com/?p=26424 The work of a project manager seems like a dream job on paper. The pay is really good and you get to give orders. You have to understand that project managers that are really good at their job are paid a lot of money because of the fact that they do bring in great results. In order to achieve very good results, you need to hold some vital skills. That [...]

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blog img 939 Must Have Project Management Skills

The work of a project manager seems like a dream job on paper. The pay is really good and you get to give orders. You have to understand that project managers that are really good at their job are paid a lot of money because of the fact that they do bring in great results. In order to achieve very good results, you need to hold some vital skills. That is what we will talk about in the following lines. In the event you believe that you lack in some of these areas, try to improve so that you can actually get better. Many of the great mangers go through project management courses like those offered by changequest.co.uk because they need extra skills to climb the career ladder.

Risk Management

The best project manager is the one that is capable of dealing with things that are unexpected in a way that is proactive. It is not at all difficult to gain risk management skills. However, a certain degree of discipline is needed in order to be able to properly analyze the situation and make a very good decision.

Contrary to what you may think, risk management is not just about identifying what possible risks appear. It is also necessary to have plans in place in order to actually come up with a suitable mitigation plan for risk responses. This is one team management element that is highly connected to leadership.

Resource Allocation

This sounds so simple at first glance. You cannot just click some buttons in order to update project schedules or change who will do a specific task. Dealing with all resources is a necessary task for the professional project manager. You can use software that is really good in giving you a helping hand. However, this will not aid you much if you have no idea how to properly allocate resources.

Budgeting

The finance department is the one that has the overall responsibility for project expenses but you have to track all expenditure on the project you manage so that you are sure everything goes properly. The project manager requires budget management skills. This will sometimes be the difference between success and failure.

Keep in mind that budgeting skills normally value from putting together a list of what is needed for your project to buying through a forecasted budget in order to make sure you do not spend too much. Accruals may even be needed if projects are longer than two years.

Influencing

Many project managers will work with a team and individuals are not always directly required to file a report. This makes it quite hard to manage a team. There are various situations in which you will notice that the team members are influenced by something else and that will make them perform improper work for your projects. With this in mind, make sure that you learn how to be a strong influencer.

Influencing skills are far more important than many believe. It is a skill that is quite tough to learn. Courses are definitely available for various skills but when referring to influencing, everything gets better with practice.

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5 Technology Essentials for Small Business http://www.smallbusinesscan.com/5-technology-essentials-for-small-business/ http://www.smallbusinesscan.com/5-technology-essentials-for-small-business/#comments Thu, 28 Aug 2014 08:00:55 +0000 http://www.smallbusinesscan.com/?p=26450 Whether it’s building log cabins in the Alaskan wilderness or offering self-defence classes in the local gym, technology is going to play an integral role in your business. However non-technological your business seems it is still a business and all businesses can benefit from technology. It is vital for small business owners to recognise which technologies can genuinely improve their business and help them grow. Beyond the basic desktop there [...]

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blog img 946 5 Technology Essentials for Small Business

Whether it’s building log cabins in the Alaskan wilderness or offering self-defence classes in the local gym, technology is going to play an integral role in your business. However non-technological your business seems it is still a business and all businesses can benefit from technology.

It is vital for small business owners to recognise which technologies can genuinely improve their business and help them grow. Beyond the basic desktop there are some very useful technologies that often get overlooked. There may also be one or two you have thought about but decided not to implement. Here are five technology essentials that you may not have noticed or may need to re-evaluate.

1. Tablets

Tablets are the quintessential technology that nobody thinks they need until they get one. Then they can’t imagine how they ever got on without one. The applications of tablets to any given business aren’t always readily apparent. Not designed for one particular task, they are capable of many.

Sales demonstrations are one of the most useful applications of tablets in business but the range of apps specifically designed for tablets means that everything from stock checks to organizing leads can be carried out more easily.

2. Collaboration Capability

The internet has made a lot of things possible. One of the more useful for the small business person is online collaboration. This might be as simple as sharing a draft brochure with a designer through Google docs or you might use a more comprehensive collaboration utility that allows you to complete a whole project with a wide group of people.

The essential benefit of collaborative technology is that it gives you access to expertise and advice that you would not otherwise have without spending a lot of money on private consultants. As a bonus it can stop your inbox from getting choked with emails.

3. A (Good) Website

Surely every modern business has a website? It seems obvious that every modern business needs a website but not everyone recognises how critical an element of the business it is. About the only thing that should come before the website is a name.

Often, business owners think they can wait until the business is well established before they need to invest in a website. Others think a placeholder website will suffice rather than implementing a fully featured site. The simple fact is that your competition will have websites that do an excellent job of promoting their product or service. Until you do the same you will always be catching up.

4. Data Storage and Back Up

Businesses such as banks that store other people’s critical data have a wealth of measures to ensure the safety of that data. But even small businesses now need to recognise the value of the data they store, especially when it is digital.

Sales records, leads and client data are not just useful when you need to compile tax returns or send an invoice. Over the years that data will grow into an invaluable resource that can inform you in making better business decisions.

There are many relatively inexpensive options available depending on the extent of your back up requirements. A physical onsite server may be enough for some or data can be stored directly on the cloud. Managed IT services and even disaster recovery services can be engaged for those with broader back up requirements.

5. Smart Hardware

Not computers that can think for themselves but hardware that is designed intelligently, that is economical, energy efficient and flexible. When you purchase new hardware such as computers or laptops you should consider what tasks you need it to carry out, if a different device could carry out multiple roles at once, how much energy a particular device will use over its lifetime, if a more expensive machine might offer better value overall.

By spending just a little extra time considering your hardware choices you can potentially get a lot more out of the technology you buy.

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5 Apps for Planning Success http://www.smallbusinesscan.com/6-apps-planning-success/ http://www.smallbusinesscan.com/6-apps-planning-success/#comments Thu, 28 Aug 2014 08:00:46 +0000 http://www.smallbusinesscan.com/?p=26388 Working in a small business has its advantages and disadvantages. On one hand you can get to know your small team well and on the other you don’t have an enormous budget or personal assistant at your disposal. As busy business women we are always on the go and time is precious. In this post we talk about great apps for planning. You may be a marketer, wedding planner or [...]

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blog img 940 5 Apps for Planning Success

Working in a small business has its advantages and disadvantages. On one hand you can get to know your small team well and on the other you don’t have an enormous budget or personal assistant at your disposal. As busy business women we are always on the go and time is precious. In this post we talk about great apps for planning.

You may be a marketer, wedding planner or project manager and have to set up networking events, client meetings or product launches. Whatever it is communication is vital.  Within a small business outsourcing some of these areas is often an option and allows additional resources to a project. But how do you manage those relationships when you are constantly on the move all day?

Here are five apps that will help you plan your projects and events better than before.

Basecamp

Basecamp is a fantastic app, used for collaborations on projects. You can use this in the office or on your phone. What is good about this is that it emails you every time someone posts in the project group which means you are reminded via email too. Use it to liaise with other partners or colleagues within the project. You can even upload a nice photograph of yourself to make it more personable.

Asana

If you are outsourcing an area to a company or individual it can be difficult to communicate and you can be left with numerous emails going back and forth. Asana simplifies this process and takes emails out of the equation by assigning tasks to people instead. It also allow you to link any CRM system you may have, so if you are out of the office you can contact your clients on the move too.

Sqwiggle

Have you ever had a video call but not been able to see everyone’s faces? Sqwiggle allows to hold multiple video chats with your whole office from your mobile device.  Just select your co-workers face and it will contact them straight away. This allows you to engage on a more personal note even when you aren’t around.

HeyTell

The day of a big event can be daunting and extremely stressful. Everything must be perfect and your job is to ensure everybody is doing the right things. HeyTell allows you to do just this at the push of a button. Think of this app like a walkie-talkie, it is literally that simple to use. Press the button and talk to anyone on your contacts list. So if you need staff in a hurry, just use HeyTell instead of waiting on your mobile for someone to pick up.

Scanner Pro

Working out of the office can be a challenge especially when dealing with suppliers who are dropping invoices at you left, right and centre. Queue the scanner pro. This app is your very own portable scanner and allows you to send your documents or receipts to recipients instantaneously. Choose whether you want to fax, email or share with other people, you can even upload it to your online document share. Scanner pro by Readdle is a time-saving app that will ensure you keep track of all your expenses even on the busiest of days.

These 6 planning apps will enable you to reach suppliers and communicate with your project staff more efficiently no matter where you are.

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Best Business Smartphone: Android vs. iOS http://www.smallbusinesscan.com/best-business-smartphone-android-vs-ios/ http://www.smallbusinesscan.com/best-business-smartphone-android-vs-ios/#comments Thu, 28 Aug 2014 07:00:52 +0000 http://www.smallbusinesscan.com/?p=26434 For quite some time, the only option available for businessmen and women looking to carry out work tasks on their smartphones was to buy a BlackBerry. However, the rapid development in touch-screen technology, and consequentially user interfaces, has allowed devices running on Android and iOS software to claim a substantial slice of the market share. Let’s look at the best business smartphone… Handsets If Apple’s iOS models are the sort [...]

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blog img 941 Best Business Smartphone: Android vs. iOS

For quite some time, the only option available for businessmen and women looking to carry out work tasks on their smartphones was to buy a BlackBerry. However, the rapid development in touch-screen technology, and consequentially user interfaces, has allowed devices running on Android and iOS software to claim a substantial slice of the market share. Let’s look at the best business smartphone…

Handsets

If Apple’s iOS models are the sort of thing you are looking for, then you only really have two choices: the iPhone 5C and the iPhone 5S. The slightly older (and cheaper) iPhone 5 model will get you by, but the regularity of new firmware updates causes each model to date at an alarming rate, and it won’t be long before you find your processor struggling to host the latest mobile apps.

When it comes to choosing between the 5C and 5S models, there really is not a lot of difference. The 5S model is the more expensive of the two, with its defining feature being the ability to gain entry to the device with fingerprint recognition. However, many people perceive this function to be somewhat gimmicky, and are not swayed by the fractionally more powerful processor and more defined camera.

After the market domination by Apple’s iOS devices, Android did not take long to catch up. Their strategy was to provide software for smartphone models which were available at varying costs, therefore making them accessible to a much broader market. The leading models running on Android software, including the Samsung Galaxy and HTC One, quickly became hugely popular amongst business users, mainly thanks to their larger screen sizes and the seemingly limitless functionality offered by apps available on Google Play.

Email

Most business mobile phones that you can buy today offer impressive email platforms, and Android and iOS devices are certainly no exception.

Slightly confusingly, Android devices offer two email apps: Email and Gmail. And unless you require integration with other Google features, including Google Docs and Google Drive, you won’t have any need for the latter.

Things are a little simpler for iPhone users, who are offered one simple, yet powerful, app. You can add all of your different email accounts and receive all messages in a single inbox. And if things are starting to get a little cluttered, you can easily add rules to dictate what actions should be applied to new messages.

Keyboard

Much like the iOS email app, Apple users are provided with a single keyboard. This ticks all the boxes, including helpful autocorrecting and the ability to undo an action with a shake. The benefit of the in-built keyboard for iPhone users is that you know exactly what you’re getting.

Android, as well as providing the default keyboard, allows users to download and try out a large number of alternatives through Google Play. There are both free and paid keyboard apps available, and if you try a few of them out, you’ll likely find something which is particularly well suited to your style of typing. For those who are always sending text messages and emails from their mobile device, it’s highly recommended that you opt for a model with a 4 inch display.

Conclusion

Both Android and iOS have a lot to offer for business users, and the advanced functionality allows for more productivity than ever before. iPhones may be the favoured option for those seeking a simple and seamless experience, whereas Android models are likely the preferred choice for those looking to delve a little further into a smartphone’s true potential.

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5 Tips for Small Business Success http://www.smallbusinesscan.com/5-tips-small-business-success/ http://www.smallbusinesscan.com/5-tips-small-business-success/#comments Wed, 27 Aug 2014 08:00:59 +0000 http://www.smallbusinesscan.com/?p=26174 According to Forbes more entrepreneurs than ever will start up their own business in 2014. The research shows that over 90% of small start-ups fail within the first two years. In this post we talk about tips that can help you on your path to small business success. But then again – every week we hear success stories about entrepreneurs who have managed to make it big. It can be [...]

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blog img 942 5 Tips for Small Business Success

According to Forbes more entrepreneurs than ever will start up their own business in 2014. The research shows that over 90% of small start-ups fail within the first two years. In this post we talk about tips that can help you on your path to small business success.

But then again – every week we hear success stories about entrepreneurs who have managed to make it big.

It can be scary starting up a new business from scratch. You always wonder – “Is it going to be successful?”, “Is my idea unique?”

Every business can be successful if it is carefully planned, developed and maintained. It also takes a lot of enthusiasm, hard work, creativity and a little luck.

We have some carefully selected tips for you to make your start-up business even more successful. Each of you will find different tips more useful than others. Very often it will be linked to the nature of the business.

We have put together some points that could come in handy when making your small business a success and I hope you find at least some of them useful.

Build relationships

Building relationships with current and potential customers on a local, regional, national and even global level is an essential part of strengthening your business.

Work on developing and maintaining relationships with potential business partners. Partnerships inside and outside of the industry are crucial in today’s economic climate. Keep up with the trends and engage in conversations with the key people in your industry.

By building relationships you are one step closer to becoming successful. It could turn out to be life changing and have a very positive effect on your company.

We cannot stress enough how important is it for your business to network and build strong life-long relationships.

Relationships can be easily built using social media. Take this into account and create yourself strong, informative social media accounts.

It is all about the product/service

Your customers turn to you because they are interested in the specific product/ service you provide which means they are more likely to wait for you to develop the product/ service of their dreams.

Grab your customers’ attention. The product/ service needs to make the lives of your customers easier and solve their problems.

Your customers must feel happy that they have just purchased your product/ service so make it special and worth every penny they have spent.

The product needs to distinguish itself in the market and also help you gain competitive advantage.

Make sure the product/ service you provide is consistent. Depending on what your clients’ experiences are, they will have certain things they expect from you. Never let your customers down by sacrificing the quality.

Build yourself a good reputation by being known as the industry expert in providing your specific products/ services.

You won’t accomplish it without your customers

Your customers deserve a personalised approach. They have chosen you for a reason and therefore they should be rewarded for it.

Leave the potential customers feeling like they must have your product or use your service in order to change their lives and experience something new.

Get to know your customers and make sure you don’t fail to surprise them, providing them with what they are looking for.

Clearly define who your target audience is and establish the best ways of getting in touch with them. If you choose to use social media then make sure the information you post is relevant and of interest to your customers.

Pay attention to detail, especially all the needs and wants of your customers.

Be constantly involved with building your customer base. Follow up with your current customers, ask for feedback and recommendations. It shows that you care about your customers and want to make them happy.

Thank your loyal customers for their loyalty by letting them know you appreciate their support. This could be done in the form of loyalty schemes, newsletters or discount cards, all of which can be used to offer discounts and special offers.

Develop the habit of improving the quality of your customer service and customer satisfaction.

Do you have what it takes?

Do you have the characteristics to be successful? Can you sell yourself to your potential clients and can you manage the accounts once you have brought them into the business?

Have you got the right skills to be able to recruit the right people for your company?

A successful person is a success-orientated individual who is focused and works very harder. The person who learns from their mistakes and the mistakes of others is far more likely to succeed. It is a successful person who follows the lead of others who have succeeded already.

An owner of a successful business will have undertaken a sufficient amount of research and understand the market, its target customers and competitors.

Do what makes you happy and it will have a great reflection on your business’ success. If you don’t enjoy what you do then chances are – you won’t succeed. Truly believe in your business and the products/services that you sell.

Personal satisfaction, drive, ambition, financial gain, stability and enjoyment will definitely help with making your business successful.

In order to succeed you need to be open to new things – learning how others run their businesses. What do they do right? What mistakes do they make? What works and what doesn’t?

To succeed you need to actively seek out the best practices on how to manage a business as well as finding and retaining, motivated employees.

We all know time is money! Are your sales procedures or software applications causing costly mistakes? How efficient are the measurements, procedures and systems currently in place?  Analyse the competitors – what are they doing that is different to what you do? They might be doing something better, something innovative, which could be a great opportunity to learn from.

Planning: Lists, lists, lists!!

The title of this section is self-explanatory. To succeed you need to be extremely organised. You need to be flexible, have good planning and organisational skills.

You will probably notice yourself writing lists and ticking off the jobs you have completed. You could manage your tasks a little bit easier by using different tools, such as mind maps and certain apps.

The planning stage is crucial when it comes to managing the finances, scheduling meetings, appointments and planning your day.

The act of planning in your business is very important because it gives you the opportunity to ensure all tasks are completed in good time and in the most effective manner making your new business as profitable and efficient as possible.

To conclude, it is important to mention that there is not one general rule for making your small business successful. It is a combination of a hard work and a pinch of luck that makes you successful and places you ahead of everyone else.

Make sure to learn from people who are already successful. They will agree that success doesn’t happen overnight and that there was a lot of hard work involved.

Be ahead of the game and persevere with it even throughout the difficult times.

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5 Steps to Make Your Employees Happy http://www.smallbusinesscan.com/5-steps-to-make-your-employees-happy/ http://www.smallbusinesscan.com/5-steps-to-make-your-employees-happy/#comments Wed, 27 Aug 2014 08:00:31 +0000 http://www.smallbusinesscan.com/?p=26463 Finding proper motivation for your employees is one of the most important things in business, if not the most important one. When you have a happy and motivated worker on your staff, you have a properly functioning business on your hands. The sooner you realize the better – your business depends on two factors primarily: Customers and your Employees. So, in order to work well and prosper even better, focus [...]

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blog img 947 5 Steps to Make Your Employees Happy

Finding proper motivation for your employees is one of the most important things in business, if not the most important one. When you have a happy and motivated worker on your staff, you have a properly functioning business on your hands. The sooner you realize the better – your business depends on two factors primarily: Customers and your Employees. So, in order to work well and prosper even better, focus your nourishing instinct on your employees.

Here are some steps you could take in order to get your employees happy. Let’s start with basics:

1. Think big

No matter how much we love our jobs, sometimes it feels like we’ve collectively fallen into a rut. In order for all of us to stay motivated it is important to always focus on the big picture and what all we can accomplish with joint effort. It helps to remind your employees of their beginning at the firm. Remind them who they used to be – young, fresh, motivated entrepreneurs hungry for success and advancement. What drives true business people is a goal towards which they are heading, not the daily to-dos. So, make it your priority to be your team’s main supporter and motivator. Explain it to them that together you can do anything!

2. Quality process is everything

Both teams and individuals procrastinate, there’s no secret there. We are all human, we get tired. But putting off certain tasks is sometimes more harmful than your employees realize. What’s yet another task to them may be a cornerstone for your next success. In order to motivate them, your job is to explain the chain of events. Talk to your employees and have them realize that such notion as small steps doesn’t exit. Everybody needs to be as engaged as they can be in order to achieve something. Hence, you should all collectively value the process and work on its advancement together.

3. Observe, note, act

The best way to motivate people you work with is to know them. You don’t need to go to dinners with them or play golf together, but you should at least observe them not just as people who make you money but as p.e.o.p.l.e. What excites them, what makes them productive… what are their likes and dislikes, do they prefer black coffee or nes coffee or both, and so on. Try to interact and engage with them the best way possible. When you are talking to them – listen to what they have to say. Big chances are they themselves will give you answers to how to motivate them.

4. Place of work

The place of our work is the place we spend most of our time at. This only means such place needs to be a space that doesn’t influence negatively our productivity, morale, but on the contrary – that lifts our spirits up and helps us give out best. So, make a couple of changes that will bring your office to life. Think ergonomics, think style, think novelty! Buy comfortable furniture for your employees, paint the space, and buy some modern rugs to complement the office. It is all very easy and it will make your colleagues more than happy and satisfied!

5. Be positive

Using positive reinforcement has proven to be super successful. If you note and acknowledge people’s work, how else will they know they are valued? If you keep negative attitude, notice every little thing that’s wrong while omitting to notice huge success not only will your employees hate your gut (yes,  that’s right) but they will secretly be looking for another job where their employer will actually have a nice word here and there. So, remember your colleagues’ past successes, notice their new ones, praise them in front of everybody, have them realize they are valued!

 

 

 

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The Irish Recovery: Stronger and More Broadly Based http://www.smallbusinesscan.com/irish-recovery-stronger-broadly-based/ http://www.smallbusinesscan.com/irish-recovery-stronger-broadly-based/#comments Wed, 27 Aug 2014 07:42:54 +0000 http://www.smallbusinesscan.com/?p=26580 The Irish recovery is strengthening: following a stronger-than-expected Q1 performance, we have upgraded our growth forecasts and now expect real GDP growth of 3.1% this year vs. 2% previously Just as significantly, the recovery is also becoming more broadly based: 2014 will mark the first year since 2007 that exports, consumer spending and investment will all be growing together – an important sign that the recovery is looking more sustainable [...]

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simon barry The Irish Recovery: Stronger and More Broadly Based

The Irish recovery is strengthening: following a stronger-than-expected Q1 performance, we have upgraded our growth forecasts and now expect real GDP growth of 3.1% this year vs. 2% previously

Just as significantly, the recovery is also becoming more broadly based: 2014 will mark the first year since 2007 that exports, consumer spending and investment will all be growing together – an important sign that the recovery is looking more sustainable

The improvement underway in international growth patterns supports the outlook for Irish exports where recent momentum has been impressive

Meanwhile, the ongoing improvement in the labour market is a key barometer of a better domestic economy.  We note that over half of all the jobs created over the past two years were recorded outside of Dublin, indicating that the labour market recovery itself has a breadth to it that extends beyond the capital

Ø  The Irish recovery dynamic is strengthening.  Following the historical upward revisions and stronger-than-expected first quarter performance revealed in the latest national accounts release, we have upgraded our growth forecasts, and now expect real GDP growth of 3.1% this year.  This is about one percentage point higher than our previous estimate, and we expect a continuation of solid growth of 3.2% in 2015.  We expect the unusually large gap between growth in GDP and GNP of late to narrow, and expect GNP to also grow by over 3% this year and next.

Ø  The main driver of the stronger near-term outlook is a much improved export performance, aided by   the combination of improved growth momentum in Ireland’s main trading partners (especially in the UK and US) and better trends in the pharma-chem sector as the drag from the patent cliff looks to have eased.  From a subdued 1.1% annual gain in 2013, we expect Irish export volumes to grow by around 5% this year.

Ø  While high private and public sector debt levels imply some lingering downside risk to Irish growth prospects over the medium term, the near term risk skew looks more balanced: downside risks come from the potential for further disappointment in the euro zone recovery and from international geopolitical tensions, but recent Irish export momentum has been impressive and an upside surprise from this source is a clear possibility.

Ø  We expect the recovery to not only strengthen but also to become more broadly-based this year.  In addition to positive export growth, we also expect both consumer spending and investment to expand in 2014, marking the first year since 2007 that each of these three key areas of spending will all be growing together.

Ø  Trends in overall consumer spending volumes up to Q1 of this year have been somewhat disappointing. However, having declined by 0.8% in 2013, we expect a return to positive growth of over 1% in 2014, and a further acceleration to 2% in 2015, with more timely indicators on car and non-car retailing as well as consumer confidence broadly pointing to better trends of late.  The expected improvement relative to last year is being driven by the strength in key labour market trends with solidly expanding employment now beginning to underpin better underlying income dynamics for the Irish household sector.

Ø  Building on the stronger-than-expected 2.4% rise in employment in 2013, we expect further healthy increases of around 2% both this year and next.  Such gains in employment will continue to exert meaningful downward pressure on the unemployment rate which we expect to average 11.5% and 10.4% this year and next, down from 13.1% last year and the annual cycle peak of 14.7% reached in 2012.

Ø  Beyond the headline labour markets developments, we take additional encouragement from two other features of the recent figures.  First is the continued strength of full-time employment where annual growth has been above 3% for the past three quarters – an important sign of rising employer confidence in the durability of the recovery.  Second is the evidence that the improvement that is being registered is not confined to Dublin.  While jobs growth in Dublin is outpacing that outside the capital, six of the seven non-Dublin regions have experienced some pick-up in employment over the past two years.  Indeed, over half of the 63,000 net new jobs created in the economy since early 2012 have been recorded outside Dublin.

Ø  Turning to investment, while growth in overall capital formation and its components has been extremely volatile, trends in home-building, non-residential construction and core business capital spending point to the likelihood of total investment reversing last year’s 2.4% fall.  We expect growth of 8-9% in 2014 and 2015 as capital formation makes gradual inroads into recouping the 40% losses experienced over the 2007-11 period.

Ø  The recent improvement in residential activity is particularly welcome, for two reasons.  First, the fact that home-building is now rising and not falling means that one major headwind which had held the economy back over a deep, seven year construction correction has now become a tailwind, thus contributing to both a strengthening and broadening of the wider recovery.  And second, with price pressures building in some areas of the housing market (particularly Dublin), rising supply is badly needed to keep pace with strong demand.

Ø  So far this year, completions are running about 30% higher than 2013 levels nationally indicating that a supply response is now getting underway.  Furthermore, the geographic mix of that supply response is favourable, in that completions in Dublin are up 190% y/y compared with a rise of just 7.5% outside Dublin indicating that new dwellings are now being brought on stream at a faster pace where they are needed most.  The problem is that supply is likely to continue to struggle to keep up with demand, in the short term at least.  Fewer than 1,400 new units were completed in Dublin last year, for example, which falls a long way short of recent ESRI estimates of the medium-term requirement for housing in the capital of around 7,000 per annum.

Ø  Combining price-supportive supply-demand dynamics in Dublin in particular with continued improvement in key underlying labour market fundamentals along with the strong momentum evident in recent trends argues in favour of further solid growth in house prices.  Following a return to positive (2%) growth last year, we expect the CSO residential property price index to rise by a further 10.5% on average this year, and by another 8% in 2015.

Ø  The strengthening of the economy’s recovery dynamic is also benefiting the public finances which were close to Eur1bn (0.5% of GDP) ahead of expectations at end July.  Aided further by the helpful effect of the recent large upward revisions to nominal GDP, this leaves Ireland on track to record an underlying general government deficit of under 4% of GDP this year – well ahead of both the government’s planned 4.8% and the 5.1% ceiling set by Europe.  That would also mark a fourth consecutive year of budgetary outperformance relative to target as Ireland continues her journey back to fiscal balance from the peak underlying deficit of just below 12% of GDP in 2009.  This more favourable deficit profile opens the door for some material easing back on the planned Eur2bn of fiscal tightening in the coming October budget while still getting the 2015 deficit below the long-standing 3% target.

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Promote Your Business With a Business Event http://www.smallbusinesscan.com/promote-your-business-with-a-business-event/ http://www.smallbusinesscan.com/promote-your-business-with-a-business-event/#comments Wed, 27 Aug 2014 07:00:48 +0000 http://www.smallbusinesscan.com/?p=26383 Getting more people to know about your business is not an easy task. Consumers these days are getting more and more averse towards direct promotional tactics. That is why it’s very important that if you are a business owner, you need to become creative in your promotional approach. One of the most effective ways to generate chatter about a business these days is by staging a well-planned business event. Business [...]

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featured img 831 Promote Your Business With a Business Event

Getting more people to know about your business is not an easy task. Consumers these days are getting more and more averse towards direct promotional tactics. That is why it’s very important that if you are a business owner, you need to become creative in your promotional approach. One of the most effective ways to generate chatter about a business these days is by staging a well-planned business event.

Business Event

The event can be anything or it could be geared towards any goal. It could be an event to introduce new products or services. It could be an event to attract prospective business partners. Or it could simply be an event aimed at giving back to your most loyal customers.

The biggest advantage of this marketing technique is the fact that you get to personally meet the people and customers who have been supporting your business. To attract more people to attend your event, you need to flex some muscles by getting the word out. You can do this by hiring a printing services firm to take care of the posters and banners that you need. If the event is to be held in Sydney, there are many local printing services in the area that you can hire. Printing services in Sydney are also not that expensive so there’s nothing you should worry about.

You can choose from various poster sizes. According to some printing services (like Print2Day), most marketers would recommend A0 posters so it’s probably best that you start with these first.

The benefits of staging an event for your business

  1. It’s a good way to build your brand. Branding is about proving to people that you are the best and the most trusted name in your field or niche. With a well-planned and successful event, consumers and even competitors will look up to you. In essence, you become the standard of quality service in your niche. This in turn leads to more customers and sales for your business.
  2. It allows you to get to know more about your customers. For a lot of events, the goal is to get to understand how your customers think about your business products and services. This opens up opportunities for you to gather ideas from your customers on how you can further improve the quality of your products and services.
  3. Events attract media attention which could lead to free publicity for your business. You can use an event as bait to attract the media for publicity and exposure. It doesn’t matter what kind of media you attract. Whether it’s print, online, radio, or television, publicity is publicity. You still get the attention you need free at cost.
  4. Running an event is not too expensive. The major expenses related to staging an event include rent for the venue, food and snacks, and fee for the keynote speaker (if there is one). But if you are creative enough, you can minimize the costs of these by looking for sponsors.

Here you can read interesting article “How to make the most of meetings and events”.

In conclusion, if you want more people to get to know about your business, it’s highly recommended that you consider staging an event. Your business has a lot of benefits to reap from it.

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