Category avoid growing pain

Q & A: What is “Staff Turnover” and how large or small would it be for Small Business?

Here it would be desirable to have a large turnover, of cause.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. It may be more related to things like: Market segment;Management environment;Staff experience, to name but a few.You can always speak with some other small business owners or get some market segment data from information agencies, maybe they can give you a better idea of where you should be with numbers, comparing yourself to your peers is always a good idea.I like the question, it makes for some interesting planning exercises for bootstrappers.

Q & A: Does Small Business Need a Disaster Plan?

To be perfectly blunt about the subject, it is not made easier by confusing technology and more to the point terminology, that even we have difficulty understanding some time.We should not expect business start-ups and small business in general to be accountants, bookkeepers, IT specialist, lawyers, marketing & PR gurus and so on. We should provide small business with an infrastructure in which it can concentrate on core business tasks, while at the same time enabling the business owner to stay informed of all relevant business facts like cash flow, sales, HR issues, tax position and more.... Have a look at virtual assistants in your area.There are other questions you could ask yourself, just take 30 minutes, get a peicJust to mention it, a disaster plan in a burned out house is of no value to anyone, again keep it online.Answer: YES, a small business needs a disaster plan, just like any other business.

Q & A: What does “Fixed Costs” mean and why should they be as low as possible in a Small Business?

Examples are rent, some employee costs, property taxes, telephone, heating and interest/bank expense.As opposed to "Variable Costs", they only occur in proportion to activity within the business and hopefully that will lead to sales and revenue.Why should I keep my "Fixed Costs" as low as possible?So when I talk about outsourcing, I'm talking about changing fixed cost into variable cost.... And depending how often you are in or out of your office, the 50 inclusive calls are probably enough to cover your needs.Should that not be the case, then you have "variable costs" of $1 per call, which means you are out of the office, working or enjoying life while it is quiet, for example during holiday season.

Bookkeeping for Small Business

More important than that, you will learn new things about your business: You may have higher (good) or lower (bad) sales, than you expected?Your cost in your business may be higher (bad) or lower (better) than you expected?Your cash-flow may be better or worse do to the above two points?You may need to outsource some business processes to lower your fixed cost structure, to make your business more recession proof or just more profitable?You may need to ramp up your sales and marketing activities for your small business products or services?You may also have to adjust your SWOT analysis and your business goals?You will be surprised how creative you can be, once you know about and understand a problem in your business plan.... There is no excuse not to do it, all the tools are available for free, for anyone.If you feel the initial process of business planning is too much for you, than get your accountant or bookkeeper to help you to set your cash-flow fore-casting, SWOT analysis with you, doing it online will give you strategic advantages, like you can work with your accountant or bookkeeper in real time in different places, this lowers your cost, no time wasted and is good for the environment.I would like to make one more point here, the aim of all this planning is not to get it spot on - no, the aim is to understand what is happening in your business, that is why you should be doing it.

Coworking and Small Business

If you don't know what co-working is then let me quote from the Coworking Wiki:"Co-working is cafe-like community/collaboration space for developers, writers and independents.Or, it's like this: start with a shared office and add cafe culture.... More information can be found in an article by Small Biz Labs " Nerd Values and Small Business".It is a great way to work for yourself, bootstrapp and have a social life while working.

Planning Your Small Business And Start-up

For me small business planning centers around some very basic questions and I always aim to answer those first: How much is my business going to cost to set-up?What are the monthly running costs of my start-up?Is anyone willing to buy what I have to sell?What other problems or challenges does my business face?What are my best selling points or strength?You may thing that these are all very basic questions and you would be right - but can you really answer them for your small business?... Even if you have no staff to begin with, it will help you to make the right decisions and stay focused.Strength and Weaknesses are "internal" factors where you need to be honest with yourself and write down what you do well and what you do badly - writing it down is almost therapeutic - enabling you base future decisions on these facts, building on your strength, while avoiding your weak spots.Opportunities and Threats are all about "external" factors and deal with issues like your unique differentiators for your products and services in the market place, as well as your competitors, red-tape, funding issues, etc. Again just writing them down will move you forward.Last but not least I find it helpful to have a "Mission Statement" for my business, what do I want to achieve, so my customers, partners and others understand what my business is all about.The "Goals Statement" is more personal, I write down why I run my small business or why I want to start a business.

Small Business Bootstrapping Techniques

To put is simply, bootstrapping is the art of running a small business with no or very little money and/or funding.So if you are thinking about starting your small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses, but are worried about if you can be successful, worried about failing, worried about giving up your job, etc. than bootstrapping is for you.Especially if your aim is to build a personal business, like contractors, freelancer, self-employed, sole-trader and virtual assistants, working from home, creating an income and keeping it small and manageable, then bootstrapping is definitely for you.... Cash-flow, SWOT, list of goals and they are in business.Bootstrapping is the lowest risk strategy to start a business, you can start your business with a Small Business Infrastructure for about $20 / £10 per month, get ready in peace find customers in your spare time and build your business on the side.Bootstarppers don't follow the herd, they use unconventional thinking to move forward and succeed.Bootstrappers focus on their business goals, outsource and build networks to grow their small business.It is never too late to start with bootstrapping even if you have been running your small business for years.

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

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