Most aspirational or established entrepreneurs will know that there is no shortage of "How To" articles that reiterate the same business tips for starting a business and succeeding as an entrepreneur. This is not one of those articles. This article looks at 10 uncommon business tips that entrepreneurs probably have not come across before.
Staying in Business
The lessons in this article are based on the work of Anthony Robbins who has written many books on personal achievement. He believes that you will get from life what you ask of it. So if your requests are small and limited so will your successes and rewards be. Find out how to reach personal and professional success using five key lessons.
You may think that because you have good bookkeeping and accounting processes in place and your cash flow is under control, you can sit back and relax. Unfortunately, you'd be wrong. This is the perfect time to do an in-depth analysis of where your business stands financially. If you're not so clued up about the accounting and financial side of your business, you may not realise how an in-depth financial analysis can benefit your company. Learn how to get the most out of your financial information.
If you are a veteran in the SME sector, are running a very successful business or just feel you have something to offer a budding entrepreneur, you may consider becoming a mentor. Let's look at the characteristics of a good business mentor. Use your experience and expertise to help other small business owners
There is something to be said for making the time to investigate, evaluate and think about some critical elements impacting on the success of our businesses. These elements include service experience, business premises, staff, and the business image, which are discussed in this article.
The Business Fitness Analysis (BFA) culminating in the Business Fitness Report (BFR), assists the SME owner identify their own high level business needs. The BFA is a questionnaire (created and provided by Sanlam) that requires mainly YES/NO answers and takes approximately 20 to 30 minutes to complete. It does not seek any private or business financial information, and covers financing/finances, business continuity, business management, wealth creation, employee benefits.
The Business Fitness Analysis (BFA), which culminates in the Business Fitness Report (BFR), assists the business owners to identify their own high-level business needs. The BFA is a questionnaire that requires mainly YES/NO answers and takes approximately 20 to 30 minutes to complete. It does not seek any private or business financial information and covers the following areas: financing/finances, business continuity, business management, wealth creation, and employee benefits.
Owning and running a small business is an impressive feat. For some, however, reaching this point can be difficult and confusing. You might not be sure of your business concept or you might still be figuring out how to manage your finances. But, if you follow these simple tricks and tips, you will become the success you have always dreamed of.
Just like individuals draw up a list of New Year’s resolutions to steer their life in a desired direction, the small business owner should jot down resolutions that’ll make for a successful financial year. But where to start? With the basics, of course. Here are four financial resolutions that you can make for your business every January or at the start of every financial year.
A profit margin is an indicator of a company's pricing strategies and how well it controls costs. Differences in competitive strategy and product mix cause the profit margin to vary among different companies. The easiest way to remember it, is that the margin is the difference (financially) between what everything costs and what you charge. If your margins are too low, you will never make a profit and on the other hand if you set your margins too high, you run the risk of never making a sale. This article looks at how best to increase your profit margin.
Before we can meet and exceed the expectations of our clients, we first have to determine and re-examine what their real needs are.
As a manager, entrepreneur, or business owner, you (along with your management team, if you have one) often set strategic goals for your business. While these goals are crucial to your business's success and the vision you have for your business, they are not always achieved successfully if at all. These tips are intended to help you reach those goals more successfully.
The most obvious strategy for staying in the black during tough economic times is to control costs. But how do you know where to cut down without compromising on the quality of your products and the efficiency of your business? When looking for ways to manage expenses, you first have to determine if you are incurring losses, breaking even or just barely making a profit. If you are losing money, it may make sense to trim enough costs to offset those losses.
Keeping clients happy
With the ever-growing world of online communication, at some point or another you may decide to establish a presence on the Internet. It is however, important to first make the distinction between the Internet and the World Wide Web and whether or not having a presence in cyberspace will benefit your business. Not many people realise that there is a difference between the Internet and the World Wide Web. This article explores this difference.
National Business Initiative - a voluntary group of companies promoting sustainable growth & development in SA
Goal-setting is crucial to any business's success. Review this article to help you set short-term and long-term business goals and successfully achieve them.
Hints and tips for improving one's business
Here is some good news for business owners who are more comfortable with machines and production processes than with people: successful networking with people is every bit as systematic as networking with computers. All that is required to network successfully with potential clients, suppliers and business associates, is a strategy, some dedication, order and maintenance. Here are some general principles on how to master networking, as well as some tips on what to do when you are at a networking event.
A mentor can be a valuable guide and sounding board when you are running a small business on your own. If you feel you need the services of a mentor, it's important to find one with a good reputation, the appropriate experience in your industry or problem area, and one you can trust and get along with. So, where do you start looking?