Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Are You Ready to Own and Operate a Business? > NetSparsh - Viral Content you Love & Share

Are You Ready to Own and Operate a Business?

How often has someone thought of starting a business based solely on the fact they think it will be easier than working for someone else. Fact is, owning and operating a business can be one of the most grueling experiences you will have. Granted, there are many advantages, but unless someone has actually run a business there is much to consider before you make that decision.

The following information will help you operate a business more professionally. With today's technology there is no reason you cannot have the look of a large company even if you are working off your kitchen table. If you have a home based business it is suggested you have a room dedicated to your business. This helps you to stay focused and there are some major tax benefits in doing this.

PROFESSIONALISM

-Choose voicemail rather than an answering machine. There is a major difference in the perception to the caller.

-Toll free number. Check with your local telephone company to find out if this is available to you if you will have a lot of clients/customers from outside your calling area.

-Have a separate business phone line. You do not appear very professional if your children answer the phone.

-Email. Avoid using free services due to limitations and perceptions. -Dedicated fax line. A small business will appear as such if the fax number and phone number are the same.

RUNNING AN OFFICE

-Stay organized. The more you can keep yourself organized the easier it will be to respond to customer's requests in a timely fashion.

-Color file folders. A great way to organize your file system. Each color indicates a category.

-Dedicated file cabinets. Separate personal papers from business.

-Form letters. Don't reinvent the wheel with every letter you write. Keep form letters on a disc or your hard drive.

FINANCIAL END of running the business. There will be many costs to running a business. The following are some of the investments you will need to consider.

-Medical insurance
-Separate phone lines
-Taxes
-Marketing material
-Office supplies
-Products
-Service fees
-Accountant
-Financial Planner
-Bookkeeper
-Keep excellent records
-Keep all receipts
-Advertising

THINGS YOU WILL NEED IF YOU WANT TO STAY COMPETATIVE

-Business license
-Incorporate
-Bookkeeper
-Financial planner
-Marketing material
-Business cards
-Letterhead
-Envelopes
-Folders
-Letters of referral
-Bio sheet
-Product or service sheet
-Web site

PROFESSIONAL ORGANIZATIONS

-Which ones are most beneficial for you to join? To get the biggest benefit from any organizations you need to get involved. Use the monthly meetings to network.

-Dues and fees. How much are the annual dues and cost for monthly meetings?. Figure that in your budget.

-Conventions. Are there any conventions you need to go to? What is the time and cost investment? Talk to others who have gone to find out if it will be worth the investment.

-Network. Most of your business will come from referrals.

QUALIFYING THE BUYER

-Who is my customer?

-Do they have a budget for my product or service their budget?

-Do I want to work with them?

PAPERWORK

-Invoices

-Contracts

-Service agreements

-Letters

MANAGE PROFESSIONAL IMAGE

-Responding to requests by providing what the customer needs. If you are not the person for the job, who can you refer (that's why networking is so important)

-Follow-up. Do your follow-up in a timely fashion

-Develop a good relationship with the client

-Return calls as soon as possible

-Send information in a timely fashion

-Priority mail is often less expensive than first class. And it can be more impressive to your client.

-Keep in touch after the fact. A mistake a lot of people make in doing business is they do a job for a client and then seem to forget the client. It is easier to get repeat business than it is to find new business, and yet, so often business owners and salespeople (which is what you are if you own a business) will look for the new customer and forget about their existing clientele.

Kathleen Gage is a keynote speaker, author and business advisor specializing in marketing and promotions. Access Gage's's FREE eBook about how to gain visibility on the Internet with Street Smarts Internet Marketing at http://www.streetsmartsmarketing.com/free -ebook.htm

In The News:

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Forbes

For Small Business Growth, Pick The House Pass-Through Cut, Says Tax Expert
Forbes
But the issue on his mind was which of the two competing tax cuts would help spur more entrepreneurship and small-business growth. He had no doubt about the answer: The House's version. Not only that, but no other part of the House bill, in his view ...

and more »

South Bend Tribune

Beyond Black Friday: Small Business Saturday gains momentum in ...
South Bend Tribune
Becky Reimbold, owner of Just Goods in South Bend, says her sales on Small Business Saturday doubled between 2013 and 2016.

and more »

My Panhandle

Lewis chamber to serve as Small Business Saturday welcome center
WatertownDailyTimes.com
LOWVILLE β€” The Lewis County Chamber of Commerce will be open on Small Business Saturday to help promote local shopping on that day. β€œIt's so important to support your local businesses,” chamber Executive Director Kristen F.W. Aucter said.
Support Local Businesses on Small Business Saturday!My Panhandle
Small Business Saturday hits this weekendKFDI
Black Friday better for retailers, including small stores, than Small Business SaturdayDuluth News Tribune
HuffPost -whnt.com -Rochester Democrat and Chronicle -Small Business Administration
all 296 news articles »

Forbes

Top Benefits Of Focusing On Internal Growth For Your Small Business
Forbes
Growing your business organically has its benefits. Not only will you see the results first hand, but you may end up being happier as a result. According to a report by Advantage, 77% of small business owners are happy to be running their own business ...


Washington Post

Two big reasons the House's tax reform bill benefits small ...
Washington Post
The House tax reform bill passed last week is really not much, if any, of a middle-class tax cut. Even the Joint Committee on Taxation β€” a bipartisan ...

and more »

Retailers prepare for Small Business Saturday
NRF News (press release) (blog)
The majority of retailers are small businesses, with more than 98 percent of all retail companies employing fewer than 50 people. Considering the impact small businesses have on the American economy, Small Business Saturday is a great way to celebrate ...


Fresno Bee

Like to buy local? Try these stores on Black Friday and Small Business Saturday
Fresno Bee
Whether it's a desire to boost the local economy or just wanting to see their friendly neighborhood store owners succeed, more shoppers are making a point about buying local on Small Business Saturday and other days of the year. Of course, you don't ...


Republic Bank Releases Small Business Pulse Survey Results, Plans to Surprise & Delight Haddonfield Shoppers
GlobeNewswire (press release)
PHILADELPHIA, Nov. 22, 2017 (GLOBE NEWSWIRE) -- Republic First Bancorp, Inc. (NASDAQ:FRBK), the parent company of Republic Bank, today released the results of its Small Business Pulse Survey, which surveyed more than 200 small business ...

and more »

Today.com

Small Business Steals and Deals: Jewelry, body scrubs, throw blankets and more
Today.com
Please click on the following website links to be directed to the offers from the companies we featured, and be sure to read the details. Conditions and restrictions may apply. If you have any specific questions about these details, please contact with ...


Rochester Democrat and Chronicle

Your guide to the best deals on Black Friday, Small Business Saturday and Cyber Monday
Rochester Democrat and Chronicle
It's known as the trifecta of shopping. Black Friday, Small Business Saturday and Cyber Monday make for the busiest shopping week of the entire year. For many retailers, fourth-quarter sales could account for up to 40 percent of the yearly total. Each ...

and more »
Google News

From Birth to Death

Your product is dying. With the same inevitability that we... Read More

The More you GIVE the More you GET

Why give freebies?We have all seen freebies at trade shows... Read More

We Know Who THEY Are

Am I the only one that does not have an... Read More

Setting Up a Pressure Washer Rig to Clean Concrete

Maximum efficiency in the cleaning industry is a key to... Read More

Small Business Debt Collection Laws

In your small business debt collection laws will eventually become... Read More

Business Plans - What Consultants Don?t tell You!

Do you have a Business Plan? Congratulations, but you are... Read More

Challenging the Gospel of Growth -- Must Business Grow to Survive?

A cherished business doctrine is that growth must be a... Read More

Venus Transit - and Small Business?

On June 8, 2004, the world witnessed what no one... Read More

Provide Affordable Health Care To Employees At Little To No Cost To You

You can provide affordable health care plans to your employees.... Read More

Small Business Secrets: Self-Confidence Can Be Arranged

At first blush this idea might be difficult to wrap... Read More

Analyzing Customers in Your Business Plan

The Customer Analysis section of the business plan assesses the... Read More

Joint Venture Your Way to Extraordinary Sales!

You know what makes me really happy? Drinking a Starbucks... Read More

SBAs 8(a) Program Can Help Some Companies Compete

Q: A friend told me that as a woman of... Read More

So You Don?t Believe in Outsourcing

Entrepreneurs are hardy stock. But sometimes hardiness can get you... Read More

Hard Money Lenders -- No Money Down The Easy Way

Would it help you as a real estate investor to... Read More

Franchise Buyers Lying On Forms

The Federal Trade Commission which governs the franchise industry thru... Read More

Mobile Carwash; Senior Citizens and Mobile Homes

Senior citizens are generally not a large marketing segment for... Read More

Franchisor; Ongoing Support and Ideas

Ongoing support for a franchise system is omnipotent. A major... Read More

Keeping your Business Alive

As long as you eat and breathe you will stay... Read More

Getting City Contracts; Local Government Contracting

All cities have a purchasing office and/or a procurement officer.... Read More

Mobile Truck Washing, Case Study

Most folks in the pressure washing business are happier to... Read More

Practical Money-Saving Tips For Small Businesses

One of the primary concerns all small businesses have is... Read More

Making Your Product Desirable For Alliance Partners

How do you make sure you have the business solutions... Read More

The Perfect Mission Statement

One way to determine your companies mission statement is based... Read More

Work is a Four Letter Word

I love work, I can watch it all day.I am... Read More