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While labour shortage-related bankruptcies are a small portion of the total, the surge will ripple through to these companies’ suppliers and customers, potentially causing a “chain of bankruptcies or mergers, according to Takayasu Otomo, a researcher at Teikoku Databank.
Cost Cutting for Small Business – Payment Terms by Stefan Töpfer on Aug 24, 2007 There are two ways to get better payment terms from your suppliers – make sure you know what the pricing is and negotiate the payment terms last, without warning. This is like a 24% p.a. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
Cost Cutting for Small Business – Payment Terms by Stefan Töpfer on Aug 24, 2007 There are two ways to get better payment terms from your suppliers – make sure you know what the pricing is and negotiate the payment terms last, without warning. This is like a 24% p.a. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
If the supplier knows you are ready to buy for the right price they will cut you a deal. Promise to buy from one supplier for better payment terms, like 60 or 90 days. Getting a better price is especially easy to do right now, since suppliers are tripping over themselves to get business. Get better payment terms by negotiation.
by Stefan Töpfer on Oct 18, 2007 A sole trader is totally responsible for the small business in every aspect. Webmasters feeds : THE SMALL BUSINESS BLOG» Blog Archive » Top 5 Website Design Tips Indinero.com Blog : Your Business, Your Cash: More Small Business Resources Mark Rosemans Blog : Kudos for 20 years in the internet business!
Small Business Failure – Reason: Fixed Cost by Stefan Töpfer on Aug 23, 2007 I have decided to write a little mini series on why small business and personal businesses, like contractors, freelancer, self-employed, sole-trader and virtual assistants , fail and how to find out if your small business is in danger, too.
by Stefan Töpfer on Oct 31, 2007 When you have internal meetings try to keep them short. Suppliers will probably thank you for short meetings, so they too can get more done. feed. . &# THE SMALL BUSINESS BLOG » Blog Archive » Time Management for Small Business: Cut to the Chase Said on November 2nd, 2007 at 8:19 am [.]
This will allow you to stay in close touch with your supplier, and get real time up-dates and feed-back – there are other benefits too. If it becomes a distraction, deal with it immediately, if need be change supplier. Anything else could and probably should be outsourced ( see: outsourcing options for small business ).
by Stefan Töpfer on Oct 18, 2007 How long is a string? Even if you need the service or product from your supplier, check others all the time, insurance, telephone, utilities, etc. Q & A: What are successful cost-cutting solutions in small business? Analyze your fixed cost every month. Compare and get new quotes.
New Small Business Startup Idea: Virtual Import/Export Assistant by Stefan Töpfer on Nov 13, 2007 You may speak more languages and have market segment knowledge about a certain product or service. So now I had my supplier with whom by this stage I had built up a good base for a trustworthy supplier by way of emails.
Low Staff Turnover in SME/SMB Businesses by Stefan Töpfer on Aug 09, 2007 Not so long ago I wrote about small business being less volatile and that employees see small or personal business as less risky than working for bigger companies. Hat-tip to Jeff Cornwell – Retention of Employees Strong Among Small Businesses.
First Small Business Export Summit in Washington, DC » « Previous Entries This entry was posted on Sunday, November 11th, 2007 at 3:32 pm and is filed under Accounting , Office - IT , WinWeb , bootstrap , plan cash-flow , plan your business , use online IT. WinWeb’s Free Accounting Software For Every Small Business.
Kat started her own business in 2007, after many years of dreaming about running her own company. WinWeb Pitch of the Week – Lily Waring Intimates by Stefan Töpfer on May 29, 2010 WinWeb ’s Pitch of the Week winner this week is Kat Waring, the owner of Lily Waring Intimates. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
by Stefan Töpfer on Aug 24, 2007 If you can’t think of something to say, don’t worry – how about this: Based on structural considerations, our physical distribution strategy broaden our horizons tpwards our platform robustness – or this - In the final analysis, performance-based positioning energizes 24/7 architectures.
Small Business Checklist: Business Costing by Stefan Töpfer on Aug 15, 2007 Do you know what your overheads and variable costs are in your business – have every worried about that? If you have then you must keep up-dating your costing every few month, as they will change as the business grow and changes. Digg Furl Netscape Yahoo!
by Stefan Töpfer on Oct 14, 2007 I had the above question emailed to me over the week-end. » « Previous Entries This entry was posted on Sunday, October 14th, 2007 at 7:43 am and is filed under How to. Q & A: What do you mean by credit control? « The Week Ender: Do you see RED on Monday? Digg Furl Netscape Yahoo!
The recent downturn has made companies think twice about who they are dealing with and has made them potentially more likely to switch suppliers. Turbocharge Your Sales by Stefan Töpfer on Feb 03, 2010 With better economic conditions coming soon, there couldn’t be a better time to brush up on your sales skills. Perhaps to your firm?
» « Previous Entries This entry was posted on Friday, November 2nd, 2007 at 8:42 am and is filed under Business Books , Comments. Said on November 2nd, 2007 at 9:12 am [.] Phil Connolly Said on November 2nd, 2007 at 10:24 am One company has taken that title too seriously as I’ve actually got a duct tape wallet.
by Stefan Töpfer on Oct 26, 2007 Well, two things come to mind: Often the term “ staff turnover &# is used in connection with fluctuation in staff levels , which means staff leaves the company – for whichever reason. Q & A: What is “Staff Turnover&# and how large or small would it be for Small Business?
by Stefan Töpfer on Nov 20, 2007 Many worries in a small business are centered about sales and the need to earn money in order to pay for over-heads like rent, wages and so on. Stefan Töpfer Said on November 24th, 2007 at 9:24 am Craig, I do that still wrong and always have to stop myself. Benefits, Not Features is what sells!
Restructuring – a word used by BIG Business to lower cost, fire employees and squeeze suppliers. . ‘Restructuring’ or Cost-Cutting For Small Business Enterprise With WinWeb OnlineOffice. The small business owner was at a clear disadvantage – until now! Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
by Stefan Töpfer on Nov 07, 2007 A few years ago I decided to change over to Apple computers from Windows based computers and up until now it seemed the right decision. UPDATE Nov 8, 2007 – 19.38 Apple – a customer support nightmare! Personally I think Michael underestimated the numbers considerably.
Smart Business Start-Up by Stefan Töpfer on Aug 08, 2007 Whatever you are planning a personal business or a small business, like SOHO-, SME, SMB-, Micro-, Home-, DIY-, Hobby-, Boomer businesses, the time has never been better for starting a business. What business would you like to start today ? Digg Furl Netscape Yahoo!
by Stefan Töpfer on Oct 29, 2007 I was kindly invited by 3 Network & Skype to attend the launch of the new 3 Skypephone in London today. » « Previous Entries This entry was posted on Monday, October 29th, 2007 at 8:10 pm and is filed under Comments , Mobile Technology , Web Technology , use online IT.
No you are not – the former customers or clients have lost a supplier too. Now you and your colleagues are unemployed and you lost your income. BUT think about it – are you the only party that is suffering here? Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
Smart Business Start-Up » « Previous Entries This entry was posted on Wednesday, August 8th, 2007 at 6:03 am and is filed under Business Infrastructure , Outsourcing , Personal Business , Small Business / SOHO , Start-Up. « What The Hell, Let’s Do It. You can follow any responses to this entry through the RSS 2.0
Shop around : Make sure you are getting the best deals from all you suppliers- right down to your electricity, broadband and gas bills. If your business has an inventory make sure you source the best suppliers at the right price, and don’t be afraid to haggle ! Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
Small Business Failure – Reason: Management Control by Stefan Töpfer on Aug 28, 2007 The typical scenario is you work hard all week , have no live and at the end of it all little money to show for it. « If You Work All Day, You Have No Time To Make Any Money! Small Business Infrastructure For Business Start-Up.
Teamwork for Small Business Is Way To Success by Stefan Töpfer on Aug 22, 2007 If you have a group of people working with you – in your office or from home, employed or outsourced – does that mean you have a team? Well that depends how you work together. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
by Stefan Töpfer on Oct 25, 2007 I’m answering three questions here, emailed to me during last week, so excuse the long headline. Q & A: What does “Fixed Costs&# mean and why should they be as low as possible in a Small Business? I will give examples and will let you fill in the rest for yourself. Digg Furl Netscape Yahoo!
by Stefan Töpfer on Nov 19, 2007 WinWeb has just updated their OnlineOffice accounting module , to include cost centre functionality. » « Previous Entries This entry was posted on Monday, November 19th, 2007 at 7:57 pm and is filed under Accounting , Small Business / SOHO , WinWeb , do bookkeeping. , do cost cutting.
‘Restructuring’ or Cost-Cutting For Small Business Enterprise With WinWeb OnlineOffice : Restructuring – a word used by BIG Business to lower cost, fire employees and squeeze suppliers. The small business owner was at a clear disadvantage – until now! — ST. Digg Furl Netscape Yahoo! Digg Furl Netscape Yahoo!
by Stefan Töpfer on Oct 29, 2007 This question was emailed the other day, and I must say, in my mind this is only half the question – but first things first. » « Previous Entries This entry was posted on Monday, October 29th, 2007 at 7:16 am and is filed under Failure , How to. Digg Furl Netscape Yahoo!
Keep stakeholders (customers, staff, suppliers etc.) Even if you have brilliant staff, standards will inevitably start to slip if you are not around to keep an eye on things. Make sure that you understand every detail of your business, right down to the everyday minutiae. You must set an example with your work ethic.
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