August 2007
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Month August 2007

Small Business Failure – Reason: Funding

if you are don't start a business, because you are not ready and whatever you do do not borrow any money from anyone.If you read this and think this is all b*** s*** - and you may be right, of course - let me know why you think you need to borrow money? Maybe we could come up with an idea that would allow you start your small business, without having to borrow money and loosing some of the control in your small business.You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

Been saying it for years……

It seems finally people are waking up to the fact that small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses wants to stay small.... Question is why nobody ( apart from WinWeb) is really catering for these types of small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants.

Stop Worrying – Start Thinking Through Your Small Business Problems.

People have different strategies for dealing with this problem and clearing their head:going for a walkjust taking a break and read about something elsewatching a filmgoing to do some exerciseWhen you run a small business or start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal business, you can also talk to people associated with you or your business - people you trust: your staffyour accountantyour bookkeeperyour virtual assistantyour friendsyour business advisor or mentorWe all need advice from time to time - worrying about a problem has never solved anything. But be selective who you ask and remember what Blaise Pascal once said:"What a difficult thing it is to ask someone's advice on a matter without colouring his judgement by the way in which we present our problem."So make sure, when you ask people for advice not to waste your and their time by "colouring" your problem - you will quickly learn there is solution to almost any problem.

Remember Why You Started Your Small Business

Sometimes it can get pretty stressful starting, running and especially growing your small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal business.... I have never really worked for anyone full-time, but your own motivation for starting a business may be reasons like: having a better livehigher standard of livinglaunch your own product and see it succeedescape the corporate rat-race spend more time with your familylook after a family member can't stand being retiredAnd the list could go on and on, compared to your goal the stress may seem more bearable, stress is apart of live not only for business owners, but anyone.

SaaS Benefits for Business Start-Up and Small Business

ClimateByte™ TechnologyOur environment is in trouble - by using our on-demand Small Business Infrastructure™, you can help to reduce your carbon footprint and help our environment - we are dedicated to develop our future products and services with this in mind.Our Software as a Service products provide your small business with a on-demand Small Business Infrastructure™ helping you to concentrate on your business, while we run your office and IT. This makes your business more mobile and competitive while saving you time, money and helping the environment.When you run a small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants you probably benefit even more from using SaaS technology - program your business for success.

Small Business Infrastructure For Business Start-Up.

WinWeb On-Demand Software Solutions - Anywhere At Anytime.AccountsOffice and OnlineOffice are our two software offerings, which are based on the SaaS - Software as a Services model, to allow for the following key business benefits:• tight inclusion of business advisors from the start,• cultivating outsourcing techniques at the outset, i.e. virtual assistants,• no IT knowledge needed and hassle free operation,• real-time multi-user access from anywhere, increasing mobility.2.... WinWeb Live - Networking Community for Small Business Only.To foster collaboration and outsourcing we have expanded our WinWeb Live™ offering to allow for small business community networking - thus enabling the business owner to make decisions about his / her current needs, with the following benefits:• timeshare virtual assistants for professional results,• offer contracts of work to contractors on a case-by-case basis, • promote the business to a large audience or even locally,• find new work and contracts online4.

Small Business Failure – Reason: Management Control

You can pick and choose what you do work-wise everyday, you can not pick and choose what you should know about and make decisions about - this is your business, not your staffs business - act like it.Am I running my business or is it running "itself"?... When I hire people I always hire people who do something better than I, but you have to stay involved.You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

If You Work All Day, You Have No Time To Make Any Money!

His answer was:Remember always, if you work all day, then you have no time to make any money, you are too busy.As you can well imagine, here is was about 20 years old and this guy came out with a statement like this, I thought he was completely mad and insane.... He was talking about having time to have a vision and dream, think about your small business and not about your products, standing back and getting out of the proverbial forrest, so the trees are not in the way.So why not use this weekend, stop working and do some dreaming about what could be - nurture your vision for your small business and see where it takes you.

Cost Cutting for Small Business – Payment Terms

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. Most businesses do not expect small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses to negotiate payment terms, so you have the element of surprise on your side - and it makes you look more professional.Firstly there is the extended payment term, of 60, 90 and 180 days - see if your supplier will allow any of those terms.

Small Business Failure – Reason: Cash-Flow

Check your cash-flow each time before you make a bigger purchase or hire staff which is not in the plan, you will quiet easily see if you can afford to do it or not.How much reserves does my business have?... On those terms you should get an overdraft, even if you do not need it, so if something unexpected happens you got the cash-flow reserve.The importance of your cash-flow situation can not be overestimated, as long as you can pay your bills you are in business - as the saying goes: Cash Is King!You can see other reasons for small business and personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants failures in my Health Check Category, if you can add to this list please do so, I would welcome your comments.

Say something profound today.

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.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!!Here you go b*** s*** at the press of a button, you can use it in your memos, emails (or not) it will impress the readers - as long as they don't come back and ask you what that means.

Small Business Failure – Reason: Fixed Cost

Even if you have staff - outsourced of employed - doing your bookkeeping and organize the payments for you, you need to make the decisions of when your suppliers get paid, so you can control your cash-flow.There are many more questions you could ask yourself, here I just wanted to get you going. If you have any more issues or are uncomfortable with any of your costs and answers to the above questions, then you should get some professional advice.Running out of money is the reason most small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses fail, not controlling your fixed costs is one of the main reasons for this.

Small Business Checklist: Home Office & Home Business

As part of a bootstrapping exercise or a business start-up phase, working from home is a great way to work, so I thought of some points to consider when setting up your office or small business at home: Cost - you will save a lot of money and be very eco-friendly when you decide not to rent an office, this saving can be used in other areas of your business, like marketing, better web-site or better IT.Family - I suspect that many of you work from home because of your family, it allows you to be around when your kids come home from school or look after relatives, while still earning a living.Commuting - again a very eco-friendly approach and saves money and time.... I use social network communities to linkedIn to build out my professional network, utilizing our online office, skype and other tools to communicate worldwide.More and more of my friends work from home so we have nice "pub-lunches" locally, no traveling, less stress and a much better work/life balance - how is your work/life balance?For more of my checklists see the Small Business Checklists category and as always please add to my list with your comments, tell us what works for you.

Accounting and Accountants for Business Start-Ups and Small Business

Do you want to:Do you just want to collect your receipts and other documents and than hand it over to someone else?Are you happy to fill in a simple online forms and have the double entry done by an bookkeeper or accountant?Or do you want to do the accounting yourself and have the accountant prepare your tax-returns for you?Each of these options is OK, as long as you do not relinquish all your responsibility to the other party when you outsource.... then their are products on the market that can help you, one of them is our AccountsOffice- Lite Edition ( currently still called CashBook), for a full tri-ledger accounting system you can use our AccountsOffice Standard Edition, both of the single user versions are free BTW.For small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal business, the only way to go is online - I'm sure you think I would say that - but consider this.

Competitive Edge for Small Business

So if you need reassurance that it's good to be a small start-up business - here are some of my thoughts - and I'm sure you could add to these:Low overheads - especially if you use bootstrapping techniques your value proposition to your customers is unbeatable for big business, who have to factor in a much higher cost infrastructure.People - contracting a big company is not easy, one person will make the deal with you as the client and other will come and do the work. With small business you often talk to the person who also does the work - you can see how he or she works before you spend any money.Flexibility and mobility - small business is not hampered by infrastructure and paper pushing, short decision processes combined with more mobility is key to keep customers happy.Talk to the boss - with a small business you can always talk to the boss - try to talk to the Chairman of BT!

Marketing for Small Business and Business Start-Up

Starting, owning and growing a small business calls for many skills sets to be used by the owner, financial planning, people management, having a vision and development of a strategy, operational skills, technical, sales and marketing skills.... A fundamental marketing concept is Customer Value Proposition (CVP) - to succeed with your small business your must: Offer the right product or serviceTo your targeted clients and customersAt the right priceCreating the perception of valueIn a profitable mannerConsider these points when developing your marketing plan - a CVP should be part of your strategic plan and be inline with your efficiency efforts for your small business.If you have more than one customer/client segments your small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal business, is active in than you need to have more than one CVP, but most of the time small business will focus on one customer group and develop into a niche:the newspaper shop - to provide newspapers and a small selection of consumer goods in a local (convenient) community with convenient opening hours and a good customer service (friendly) which can demand a slightly higher priceorthe online business - to provide a complete range of products within a market segment, which is available to purchase 24 hrs a day, every day at the lowest possible price with fast delivery using user-friendly online shopping technologyCreate your own CVP - Customer Value Proposition for your own small business - again it will help you to focus on what is important (core) and what can be outsourced (non-core).

Blog Action Day About Our Environment

I just registered my blog to join in on the Blog Action Day for our Environment - if you have a blog - please do the same.WinWeb will publish it's ClimateByte™ Technology Guidelines - in connection with our software release 3.4 - early next month and we are pleased to be associated with this BLOG ACTION DAY FOR OUR ENVIRONMENT On October 15th, 2007when everyone should post something about green/environmental issues on their blog.Please join us and be part of the solution.... One day.

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