Tag Archives: Business

Setting Goals

I have hundreds of things running through my head. I take several put them down on paper or scribble them on a Word doc. and put a rough draft together.

Goals

  • Timetable
    • long, med, immediate steps
  • Resources
  • Reminders
  • Stay motivated!
  • Learn and evaluate
  • Visualize
  • Accomplish!

Business Blog – What can it do for you?

As more and more people are geting involved in the blogging world the benefits are becoming more obvious.

What is a blog? “A blog is a web page made up of usually short, frequently updated posts that are arranged chronologically—like a what’s new page or a journal.”

Blogs fall into two general categories:

Personal Blogs: a combination of a personal diary, opinion posts and research links.

Business Blogs: a corporate tool for communicating with customers or employees to share knowledge and expertise.

Blogs are an excellent method to share a company’s expertise, build additional web traffic, and connect with potential customers..

What does Blogging Provide to Small Business?

# Blog software is easy to use. Simply write your thoughts, link to resources, and publish to your blog, all at the push of a few buttons. Blog software companies such as: Movable Type, Blogger.com and Typepad all offer easy blogging tools to get started.

# Blogging is a low-cost alternative to having a web presence. For small business owners without the time to learn web html or the money to hire a designer/developer, blogging offers an inexpensive method to get your company’s name out on the Internet.

# Updating the weblog is a much quicker process than contacting a web designer with changes or doing the coding and uploading yourself.

# Business blogs provide your small business with a chance to share your expertise and knowledge with a larger audience. A powerful benefit for consultants and knowledge workers.

Maybe bloging is in your future?

Source About.com


Starting Your Own Business- are you ready?

I think most of us in the world today would prefer to run our own business for many reasons.

Potential Positives:

1-You are your own boss

2-You directly impact everything within the company

3-You decide how much you are paid.

4-You have control and make the decisions

5-You reap the benefits of success.

Potential Negatives:

EVERYTHING NEGATIVE THAT CAN HAPPEN IS ON YOUR SHOULDERS!

That being said…

Are you ready to start your own business?

If you feel you are ready, some steps in starting your own business.


Avoid Legal Issues

Legal issues are something that most of us want to avoid of course unless your an attorney.

Some basic tips for anybody that owns their own business or is involved in a leadership role:

Arm yourself with basic knowledge of business law so that you’re alert to your company’s obligations and rights.

Practice prevention. Have your attorney review contracts and agreements before they’re signed.

Get your attorney’s opinions on documents you have drafted—such as employee policies—before you put them in place. You want to make sure they meet the requirements of the law.

Familiarize yourself with trademark and patent laws so that you don’t violate them. Learn how to apply for a trademark or copyright should you need to do so.

Understand the law as it pertains to your organizational structure. Your legal obligations as a C corporation, for example, will differ from those as a sole proprietor.

Some very basic tips, but the more you know the more prepared you are.


Sales Support

A solid sales team will continue to drive new business:

Make sure sales representatives have adequate training. They should have a thorough understanding of how your products or services can help potential customers.

Develop an annual sales plan. It should include sales and gross-profit goals and plans for increasing sales to current customers and developing new ones. See that sales reps implement the plan and modify it as necessary.

Make everyone in your company understand that they are part of the selling team. Courteous treatment of customers, quick responses to telephone calls and e-mails, and pleasant demeanors go a long way toward supporting the sales staff.

Offer meaningful incentives. One company told salespeople they could go home at 2 p.m. the rest of the month once they hit their monthly goals; the first sales rep to sell more than $50,000 would get the last two days of the month off. Result: broken sales records.

Encourage salespeople to put a lost sale in perspective. Getting angry yourself only adds to their frustration. Help them concentrate on making the next sale.

Very important to keep the lines of communication open in all depts. far too often the sales team doesn’t understand the product.


Approaching Your Bank

Understand that your primary responsibility is the proper use of capital and that you are in business to make a profit.

Test the economics of your product or service. Make sure that it is profitable and that the gross profit percent is in line with that of the industry.

Know how you will finance your business. Visit lenders (banks) prior to seeking financing to gather information. Ask your lenders what they will want to see before you apply for a loan.

Develop a personal financial evaluation. Determine your net worth and your annual, personal cash flow needs.

Develop realistic financial forecasts for income statements, cash flow and balance sheets for three years. Forecast monthly for the first year.


How to Cultivate Employee “Ownership”

Some basic tips that could assist in your employees taking ownership their daily duties.
1.Include your employees in long- and short-term planning efforts.

2.Ask for input/feedback on their projects consistently.

3.Include them on top-level discussions, conferences and meetings when appropriate.

4.Allow them to byline the work they wrote or to speak at the presentation they helped prepare.

5.Help them to become more vested in the work by asking for their opinion. Ask what, if anything, should be done to make the next project easier.

An employee that takes ownership in their work will usually perform better and add to a positive environment.


Mason Salinas

Better an oops than what if

Calista Salinas

Random Bits of my Journey