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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.

Outsourcing Options For Small Business

The only other option is employing staff full time into your business.Virtual Assistants will enable you to outsource - what I call non core business processes, like bookkeeping, call handling, typing, etc. - to a professional person, well equipped to perform these tasks for you in a cost-effective manner and I do not mean cheap, I mean cost-effective.... If times are harder for your business and you need save cost it is often easier and faster to terminate a virtual assistant - but remember to explain your decision, so that when your small business is doing better again you can start working with your virtual assistant again.Employing people full time should only be considered for "essential, ongoing and full-time" work, this way you can provide a more secure workplace for your employee and look forward to a peaceful and unstressed work environment.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.

Security Alert for Small Business and Start-Ups

Taking the seriousness of this matter into consideration the House of Lordsí science and technology committee published a proposal to protect people against cyber crime and hold start-up-, personal- and small business, and IT security vendors responsible.The proposal focuses on protecting customers data and personal information.... That includes the IT industry and the software vendors, the banks and internet traders, and the internet service providers," said Lord Broers, chairman of the committee.Small businesses, internet services, banks, software vendors and the IT industry need to start taking responsibility for e-crime and protect themselves and their customers against them.

Health Warning for Small Business and Start-Ups.

A chain is as strong as its weakest link, and this saying holds true for a small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Personal businesses also.... Peninsula Businesswise conducted a survey to study the health of office workers and 82% respondents said that their working hours and conditions did not allow them time to exercise and this was affecting their health and well being.

No believe in themselves.

Yesterday I wrote "What the hell, let's do it" and today there is a story about people in the United Kingdom not believing in themselves enough to start a business.Whether it is their natural tendency to stick to the time tested and traditional route research indicates that while the British have great business ideas they don't have enough faith or belief to make turn them into reality.... The Director of Inventva, David Thomas says that potential entrepreneurs need to ask themselves five basic question before they decide if they should do something about their business idea and these include:* Does the business idea fill a gap in the market or is there a need for it?* Is it worthwhile to try to make the business work?* Would you enjoy working on the start-up?* Is it viable from a business point of view?* Do you have the resources to make it possible?Budding entrepreneurs need to make the most of the technology that is available to them and should look for a business infrastructure and IT solutions for accounting, cash-flow, etc. They should also consider outsourcing certain business processes that would leave them free to focus on core business activities.As I wrote before if your fail, who cares(?)

Big business less flexible than SMALL BIZ

An interesting research study by Mitel indicates that small businesses are more open to adopting flexible working conditions not only for the employees but also for the business owners.... Since the internet can be accessed at any time it really doesnít matter where one is and can log on and make crucial business decisions.Working styles are changing globally and on-demand small business infrastructure is paving the way, not to forget it is more eco-friendly too.

Myth Buster: Health & Safety Executive

Here is an example of some good advice for small business, the Health & Safety Executive has a web-page called "Myth of the Month", you should have a look at it .... The law requires employers to assess risks and take appropriate action.HSE’s advice is that for most office electrical equipment, visual checks for obvious signs of damage and perhaps simple tests by a competent member of staff are quite sufficient.

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