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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. You can leave a response , or trackback from your own site.
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. You can leave a response , or trackback from your own site.
Small Business Start-Up Idea – Weight Loss Consultation by Stefan Töpfer on Apr 30, 2008 In recent years there has been a far greater emphasis placed on the importance of living a healthy lifestyle. Many people wish to get fit and lose some weight and you may be able to help them do this whilst also earning some money.
I will give examples and will let you fill in the rest for yourself. Examples are rent, some employee costs, property taxes, telephone, heating and interest/bank expense. Let me give you an obvious example to make my point. What are “Fixed Costs&# ? Why should I keep my “Fixed Costs&# as low as possible?
Keep stakeholders (customers, staff, suppliers etc.) You must set an example with your work ethic. I would add something to number 4: set an example with work-ethic, your attitude and how you communicate ie. Leo Thornton Said on June 1st, 2010 at 4:28 pm Yeah I agree that you have to lead by example.
by Stefan Töpfer on Feb 17, 2010 “Setting an example is not the main means of influencing another. Set an example – bosses have always expected a lot from their employees and, in today’s day and age, employees are expecting a lot from their bosses. Getting Fired Up! It is the only means.” Here are a few ideas: 1.Set
The recent downturn has made companies think twice about who they are dealing with and has made them potentially more likely to switch suppliers. It also sets a great example with the sales team. Perhaps to your firm? Here are a few ideas to get you and your sales team fired up! Digg Furl Netscape Yahoo!
In both cases it is true to say, it does not matter what kind of small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants, you run. Digg Furl Netscape Yahoo!
Examples of teams are: Work Teams Sales Teams Customer Service Teams Virtual Teams I would suggest that small business owners need to form teams around their small business and start-up business , like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses, too.
These examples and 40 million more are generated on the MBA Writer web-site by Mike Shor (Humor), he writes: Automatically generate sentences ready for inclusion into your business memos without all of the thinking!! Say something profound today. Digg Furl Netscape Yahoo!
Online Examples: Babet Style Consultancy – an example of the services you could offer. Notes : Ensure that your advice is tailor-made to each individual and that it is job specific so that they can actually use it to advance their career. Do not over-charge for your services. Digg Furl Netscape Yahoo!
Consider forming a partnership with websites relating to the local area in order to offer discount coupons for your service (e.g. 10% off on orders over £50). Digg Furl Netscape Yahoo!
For example, one of these mentors runs one of 1-800-GOT-JUNK?’s Here are a few examples: • An employee conducts him/herself inappropriately with your competitor – wouldn’t you rather a friendly call from your competitor to inform you so you can nip it in the bud? This example shows that competitors do not have to be ruthless rivals.
You need to pay attention to your credit control all the time, if you can’t do that get someone else to do it for you, outsource it to a virtual assistant , for example. Hope this helps, otherwise get back to me. Digg Furl Netscape Yahoo!
Notes: Make sure that the work you are going to undertake is set out in a contract between you and the client, specifying any requests or conditions that are critical to the event. This way the client cannot refuse to pay you as long as you satisfactorily complete the contract. Digg Furl Netscape Yahoo!
I should remind you that when I talk about small business, I mean 1 to 5 people businesses, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professionals, contractors, freelancers, self-employed, sole-traders and virtual assistants. Digg Furl Netscape Yahoo!
For example, having to fire people because the economy is in recession is no fun for anyone and quite easy to prevent in most cases. I have seen some good examples, longer working hours fewer working days is one example that has proved working when trying to cope with the recession. Digg Furl Netscape Yahoo!
There are unlimited examples om the internet. Notes: It seems obvious, but do not deliver the finished product until you receive payment. Take extra care with regards to packaging if you need to physically ship the product to them. With employment getting more difficult to find the quality of C.V.’s ’s will become more important.
The truth is that charging by the hour is terribly customer unfriendly and is therefor very bad for your small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants.
Here you could say if the company had enough reserves it would have survived, but an early start-up will not have the resources to survive – there are many more examples where this is also true. However, let us look at your example of say a big customer failing and not paying you.Is this a financ eproblem.
It’s relatively inexpensive and can be very effective is used the correct way (and there are many examples of companies misusing social media!). Use all methods of social media to spread the work about what your company does and get as much coverage as possible this way. Digg Furl Netscape Yahoo!
An ideal example of people in this category are parents, childcare is hugely expensive and allowing people the flexibility to work from home means you can gain the staff others are missing out on! Tap in to an undiscovered work source – There are groups of people for whom working in an office is not a practical. Digg Furl Netscape Yahoo!
E.g. google documents, calendars, etc…just one example of the changing trends… Baseball Bats For Sale Said on November 12th, 2008 at 2:40 pm I think that it is interesting that many businesses like SAP and Oracle had some of their early success rooted in “Medium&# sized businesses. Digg Furl Netscape Yahoo!
Pay attention to the reason why your customer is buying your product – if it is for a regular event you should make note of this and contact them again prior to the next time it takes place and offer them a discount. Digg Furl Netscape Yahoo!
For example, if you are an independent financial advisor (IFA) then a good ‘big fish’ for you may be an accountancy firm who has many clients that will have financial and investment needs. those businesses that you could build mutually beneficial relationships such that over time you may be able to cross refer. Digg Furl Netscape Yahoo!
Stefan Töpfer Said on November 30th, 2008 at 10:27 am Laura, As this example shows you that will not prevent some unscrupulous people to scam others, our name, reputation and business suffers greatly because of this. I’ve read on several trademark resource pages that this is the best thing to do for a business name.
This applies to all aspects of your business – for example you could save around a thousand dollars by purchasing a very cheap computer for the office. It is also generally a big mistake to think that you can save money by under-investing in technology. Digg Furl Netscape Yahoo!
As an example, Bookkeeping will start at £9.85 We have been training a large number of virtual assistants in all aspects of our service offerings for months and we are very confident we can provide a professional and extremely cost-effective service to all our clients. Digg Furl Netscape Yahoo!
I could give you many more examples, but you get the picture. There are many more examples. Similarly I spend much more time with my wife, going for lunch, doing some “essential&# gardening – I hated gardening, but love it now. This whole process began with the “Industrial Revolution&# some 150 years ago.
For example, a purchase of petrol. Mairdh Kshatriya Said on December 13th, 2009 at 8:37 am Good Blogs Quentin Pain Said on August 9th, 2010 at 12:58 am Doing your own bookkeeping is not that hard, but it really helps if you know a few simple memory aids. Know that and you will rarely have trouble entering transactions. Revolutionary eh!
Developing markets are a key example of an opportunity and a threat may be a new competitor in your marketplace. If an area such as accounting is your weakness, rather than wasting time learning the skill it may be more cost-effective and time efficient to outsource the service. Digg Furl Netscape Yahoo!
Steve Said on January 26th, 2010 at 3:38 pm I often find that CI is overlooked by small businesses especially regarding restaurants for example. Competition analysis is not only important when you’re launching a business but it’s important not to become complacent and keep a watchful eye on the competition.
I also think another issue to consider is small business people doing tasks inhouse that they should outsource like their bookkeeping for example. Focus on the things you are good at and outsource the things that you are not. I would add that an inability to listen can be cause of failure. Digg Furl Netscape Yahoo!
For Example – Ads in women’s magazines discuss the weight-loss and calorie burn from cross-country skiing. You should not make advertisement just everywhere. Choose the particular media and place carefully where you are sure that your message will reach to your targeted audience. Always focus the message to the target group.
For example, if you learn about products that are doing well in other countries then you may be able to adapt them for sale here if no-one else is doing it. Although these sectors will be crowded, at least there is a guaranteed market there for you to fight for a share. Digg Furl Netscape Yahoo!
This is what we often have to get across to our clients when registering a company and it’s great to see this information elsewhere online in an easy-to-understand and -read format with examples that everyone can relate to. Great post! Digg Furl Netscape Yahoo!
7 Comments » | Trackback | Share This 7 Responses to “ Takeover Disasters &# Chris Burgoyne Said on April 22nd, 2008 at 9:59 am As a real example to this, I worked for a large UK company who purchased a company based on the culture and sales figures. You can leave a response , or trackback from your own site.
You need to make sure you find an accountant/CPA who concentrates on small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants before you make any appointments.
For example, “small_business_bookkeeping.jpg” instead of a digital camera’s default “123.jpg” Have photos and label them – a web page with a photo relevant to a given search will outrank the same page without one, providing you label the photo with the appropriate tag. jpg” will be more effective. Digg Furl Netscape Yahoo!
Wayne Hancock Said on August 15th, 2009 at 9:38 pm I think one good example of success through passion is Pret a Manger. There is no way to build your business without passion. Passion will help you if nothing else can help. Well, may be also a little bit luck.! As a Realtor I have a true passion for my business. Digg Furl Netscape Yahoo!
Building a support network community for your small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses is essential to your survival. THE SMALL BUSINESS BLOG » Blog Archive » Q & A: Can You Give Me A Cost Example For A Small Home Office?
This is a question that is very much based on individual circumstance; I, for example, started my first business whilst at university and have been doing so ever since! Quit the day job and take the plunge, or build up steadily until you have the security you need to enter fully in to the world of the self-employed?
For example, InsureMyTrip CEO Suzanne Morrow advises if you’re traveling domestically, not checking a bag and staying at a friend or relative’s house, a travel insurance policy may not be necessary. As a result, she was responsible for the cost of the new flight the next day and the hotel room in Boston.
Allowing staff to work flexible hours is an example; at WinWeb.com my staff work from home, with flexibility and consideration for their families needs. For example because I don’t have any authority over them I can only suggest rather than tell them to do something. Digg Furl Netscape Yahoo!
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