Monthly Archives: March 2016

Ways Businesses Can Increase Their Flow of Customers

The last several years have shown a great amount of economic distress and unknowns. Businesses have had their share of hard times and especially those who count on the tourism industry for them to survive and turn a profit. However many companies and businesses are quickly turning around to make their businesses just as successful, if not even more successful than they have ever been.

The recent increased trends in tourism have helped many business owners, both large and small, start to see profits again as they look for innovative ways to bring in customers and clients to their establishments. For example in many places, arguably one of the hardest hit areas of economic downfall, many club owners have called in consultancy services to help them decide what is working and what needs to be improved in their businesses. There are ways for businesses to drum up the business they need without having to do an entire overhaul of their businesses operation.

Perhaps one of the easiest and least expensive ways for business owners to drum up excitement and interest for their business is by starting a social media page for the business. By starting a page and linking it to a few initial friends it has the potential to expand to even more people. Post information not only about your own business but include links to other businesses in the area that may be interesting to someone wishing to travel there. It is possible that some people may have never heard about the area, so by including as many things as possible about the area will increase the likelihood that they would travel there.

Remember, if starting a social media account, to monitor the page and update it often. By keeping in contact and answering comments concerning the area and business being promoted it shows potential customers the type of care and customer service they will receive if they travel there. If someone has posted about their service it is also a good way to thank them for visiting or apologize for any of the businesses possible shortcomings and try to work on them.

Club consultancy services can be great options for businesses looking to do a major overhaul. There are great for larger businesses and restaurants looking to bring in a new demographic or a larger number of customers and clients. They work well because often a fresh pair of eyes looking over an existing business plan can see potential gaps in services or notice things that are not working well.

Most consultancy services have consultants who have a great deal of experience both in business as well as customer service. They have usually had their own businesses or worked at businesses where they had a great deal of insider knowledge therefore they know the inner workings of a successful business venture. They can help with many aspects of a business from hiring staff to renovating restaurants and clubs to be more appealing to larger groups of people.

Other options for businesses looking to bring people in are to offer coupons or samples by mail. Very often individuals may not even be aware that such a business exists. By offering coupons, special discounts or even offers for free and reduced samples can increase their interest. Some areas offer these services to small businesses for a nominal fee and will deliver postcards to all mailing addresses within a certain location or area. However big or small businesses decide to go, in order to drum up their sales and customers by taking any of these measures they can bring business to their area and communities.

Renaissance Club Advisors is a consulting firm based out of Pinckney, Michigan. With over 30 years of club experience they use their expertise and knowledge to lead private clubs and resorts to excel in service while increasing customer satisfaction. They offer leadership that is unsurpassed and empower their clients to delve into their business, business plan and decide what is working and where changes need to be made. They can offer assistance throughout the application and entire hiring processes. For a complete list of their services visit them at http://www.renaissanceclubadvisors.com and be sure to check out testimonials from several satisfied clients.

The Benefits of Good Credit Control Procedures in a Small Business

Credit control is important in a business especially for small businesses. This means that every small business should ensure that it collects its outstanding invoices. Some small businesses let their uncollected invoices accumulate which ultimately affects their cash flow and also the performance of the general business. This problem can be attributed to poor credit control and lack of knowledge on the benefits of good credit control procedures in a small business.

One of the primary benefits of good credit procedures in a small business is that there will be sufficient funds to ensure that the business runs smoothly. The outstanding uncollected invoices mean that the business has some money which is deemed to be available but cannot be used in the operations of the business. This is especially a major issue in a small business which might not have enough funds to run the various operations without collecting the outstanding invoices as required. This makes it paramount for a business to ensure that it has set down good procedures of credit control so as to ensure the business runs smoothly with sufficient funds available.

Having good procedures is also important since it enables the business to know its reliable and trustworthy clients. This is because having good procedures in place will enable the business to explain to its various clients when and how the invoices will be collected. The reliable clients will keep to the payment terms and will ensure that the invoices are ready by the time stipulated by the credit control procedure. Through this the business can identify the clients that keep to their payment terms and therefore it becomes easier to extend credit to such clients since they keep their word.

Another major benefit of having a good credit control procedure in place is that the businesses are able to plan properly. This is because a small business with good control procedures will be able to know the money it has and the money to expect. As a result, the business will be able to budget even on the uncollected invoices since the laid down procedure will ensure that the outstanding invoices are collected on time.

A business can even get outsourced providers of credit control services who will ensure that all the outstanding invoices are collected on time. Having outsourced providers will give the business time to concentrate on other issues regarding the growth of the business. Furthermore, some outsourced providers even pay for the uncollected invoices and then go ahead to collect the invoices after the stipulated dates. This gives the small business the assurance that funds will be available on time to run the various operations of the business.

Good credit control procedures that enhance collection of a businesses outstanding invoices are also beneficial because it allows a business to control credit limits. Small businesses should have a limit of the credit to be extended. This means that these businesses should have a limit of the outstanding invoices. When the outstanding invoices surpass the set limit, the business might not be able to extend credit to other clients.

But with good credit control procedures the small businesses will be able to set limits and therefore be able to extend credit to other customers and also to those whose outstanding invoices have been collected. Therefore, it is paramount for a small business to have good credit control procedures in place which will enhance their collection of outstanding invoices.

Ian C Tough is the owner and operator of a business that provides outsourced credit control services to small businesses throughout the UK.

Why Small Business Funding Can Be the Answer to Your Problems

Over the past few years, unemployment rates have increased to higher levels than ever before, which has resulted in many people deciding to start up their own small businesses instead. While small business ownership is a good thing, many entrepreneurs can in fact benefit greatly from using small business loans or other types of business funding to help them get ahead.

It Acts as a Safety Net

Many small businesses have not been in operation for long enough to have been able to build up a reasonably-sized company savings account. As a result, they often run into severe financial difficulties if their businesses experience more than one or two quiet months in a row. Being able to secure some sort of funding to cover necessary running expenses during these times will often make all the difference between businesses being able to keep their doors open or having to close up shop permanently.

It Provides Investment Capital

At some time or other, almost every small business owner dreams of the day where he or she will be able to stand head and shoulders above competing businesses in their industry. However, in order to do this, additional funding is required, which most small businesses simply do not have. Funds obtained by means of small business loans can normally be used to improve or enhance any infrastructure and business-related equipment or cover the cost of any training courses that may be required to improve business skills.

It’s a Low-Interest Loan Option

Although numerous smaller businesses desperately require additional funding, many of their owners make the mistake of applying for the first loan option that they can find. This can become extremely costly because of the fact that the business does not yet have any proven financial track record, credit rating or any form of collateral to offer. Dedicated small business loans can sometimes be quite challenging to qualify for; however, business owners who are successful in receiving them will normally find that interest rates and repayment terms tend to be far more favorable than those of standard loans.

An Alternative to Traditional Business Funding

Unlike regular loans where fixed repayments have to be made each month, a business cash advance provides small business owners who use merchant credit card services with additional cash when it is most needed. This is done by enabling business owners to receive a cash lump sum in lieu of future card sales that will be made. The amount that is borrowed can then be repaid as funds become available to the small business owner, and two of the only restrictions to being allowed to apply for this type of funding are that a business needs to have been in operation for 12 months or longer and that it has to have at least one brick and mortar location.

If you are a small business owner that has been operating for longer than a year and you have an excellent credit record, your chances of being approved for a business cash advance are relatively high. At the end of the day, it makes far more sense to use a business cash advance than it does to apply for traditional loans. Before applying for any other type of loan, feel free to contact us to determine whether you will qualify for a business cash advance.

The Merchant Access Group comprises of loan brokers who specialize in the provision of business cash advance services to qualifying businesses.

How to Start a Coffee Shop or Coffee Business

So you’ve decided to get into the World of Coffee! Coffee can provide a multitude of opportunities and can also apply to anyone wanting to start up a Sandwich Bar, Cafe or Deli. Infact anyone wanting to open any business that features Coffee. Many types of business serve coffee these days, with either a Traditional Espresso Machine or automatic Bean to Cup Machine. Bookshops, Bicycle Shops, Motor Cycle Dealers to name but a few. Any business that attracts like minded people who share common interests is a great place to start a Coffee Shop. It gives people the chance to socialise and talk about their shared interests. This business diversification also provides an additional income for these businesses that are not “out and out” Coffee Shops.

Like any business that people want to start up, it’s usually because they have an interest in some element of their chosen business idea. It’s always a good idea to do something you like doing or have a skill at, otherwise what’s the point? However, just because you have a “passion” and a dream of setting up your own Coffee Shop doesn’t mean that it will be automatically successful. The same rules apply for any business – Doesn’t matter how good your idea is, you need to make sure there is a “need” in your town or geographic area. This research will form part of your “Business Plan”. A business plan is more than just putting a few figures together to get finance. “Your Business Plan” is just that. It’s about getting your thoughts and ideas down on paper and creating a plan of action for business research, marketing research, project managing and forecasts for getting your business open. It should also be business planning for the future to make sure you stay open! There is an old saying in business; “If You Fail to Plan You Plan to Fail”. It’s a known fact that a large proportion of new businesses fail within the first 3 Years.

Get a clear vision of what you would like your business to be. Try and picture it in your mind. Where would you like it to be? What does it look like? What’s the decor and style? Who are your customers? Apart from Coffee what other offering will you have? What is your USP (Unique Selling Point)? Basically, you have to identify how you can be a bit different from any competition that will also appeal to your potential customers. The most important thing to find out from as many people as possible within your “market place” is; Do they agree with your “vision”? and; Are they prepared to become a customer and pay for it? Put a questionnaire together and go and talk to as many people as you can to find out if your coffee business idea is what they would spend their money on. Also ask open questions about what “they” would like to see in their area. They might suggest some things you never thought of. They may also criticise some of your ideas, don’t take it personally. If their criticism is valid learn by it. Remember, it’s not about what you want. Give them what they want and they will spend their money with you rather than someone else. Check out other Coffee Shops to see how they do it. Not only your local “competition” but further a field. Make several visits at different times of the day if possible. Also, try and look at them from a customers point of view. Make notes of not only the things they seem to do right, but what you think they do wrong. Do they have a steady stream of customers all day or just at lunchtimes? Make a note of prices. Once you are aware of the costs of products then you can guess their “mark up”. Do you think they have the customers they need to make a good return from their prices? Of course, this is not the whole profit story. You have to consider overheads and staff wages etc. You will have a better idea once you “cost out” your own business which we will come to shortly. Correlate all of the “plus” points you have found in the competition and combine them with your USP and VISION for your business and see if you think you can do things a bit better.

Once you have a clear picture about your business then apply what is known as the “Four P’s of Marketing”. Product, Price, Place and Promotion. This can expand to the seven P’s for the service industry. There’s lots of information online but basically all the P’s have to match to get the right “Marketing Mix” for the product and/or service. For example: A high cost perfume couldn’t be sold on a market stall. It’s unlikely that the correct pricing could be achieved and there’s a good chance that shoppers wouldn’t believe the perfume to be the “real” thing anyway. The “marketing mix” is all wrong. If you consider the four P’s when seeing how an expensive perfume is sold you will see what I mean. The Product (a top brand), Place (where – high class perfumeries and shops in some of the worlds most exclusive Cities). Promotion (TV, Cinema, Product placement and the Worlds most exclusive media magazines). Therefore the Price is set according to the social and financial level of the customer being promoted to. Basically, it’s that old saying that “If you have to ask the price then you can’t afford it”. The fours P’s match and you have the right marketing mix. Decide what market sector you want your Coffee business to fit in to. If you want your business to be “classy” with a “stylish” decor and serving a range of “top quality” goodies served by immaculate, polite and efficient staff (Product) then to get the “Price” you need or want then you will have to ensure you are in the right upmarket area or Town (Place) that has an upmarket level of customers. The way your business looks on the High Street and your high level of service that would be expected by your upmarket clientele is the correct Promotion in itself. People tend to mix in the same circles as themselves thereby promoting your business by “word of mouth” within an exclusive group of people. These days this process is strengthened with “social media”.

So where do you find all this information if you don’t really know the area where you want to set up? Within the UK, County Councils will have a wealth of information available within the NATIONAL CENSUS reports for the area. For example it can tell you property values and where they are. Socio Economic Groups (A, B, C1 etc). What their Income levels are and where they live in the area. It can tell you the age groups, how many in each group and where they live. All this information and more can be used to find out where to locate your business for the market sector you are looking for.

Time to look at yourself and any partners there might be. You need to determine everybody’s “Strengths and Weaknesses”. Make a list under each heading. A strength doesn’t have to be a fully fledged “Barista” at this stage. You can be trained in that area – more on Barista Training later. However, for now, coffee making skills might be a weakness until you receive training. For example; a strength is any quality or skill you may already have that can be applied to your new coffee shop business. You might naturally be a good organiser and have great “people skills”. These are great for managing your business and staff. People skills are pretty important in a “hospitality” business! The same theory applies to your “Weaknesses” list. If you are a disorganised person then you need to be able to delegate to someone who is a good organiser or learn the skills required to discipline yourself into the everyday management of your business. “People skills” is a skill that can be learnt. There are many courses and books available in this are of personal and business communications, customer service and hospitality industry courses. In general, analyse yourself and partners to determine if there are any qualities, knowledge or skills that are lacking to run your business then get the training you need. Don’t forget Accounting skills. This seems an obvious skill that a business needs but can easily get brushed aside in the midst of excitement about starting a new business. No matter how big your dream is of being part of the “Cafe Culture” you need to know how to look after the “pennies” and control your “Cashflow Forecasts” and “Profit + Loss” Accounts. Continue building your list of Strengths and Weaknesses with anything you can think of that will be required to run your business. If you’re not sure how to think about, and compile your list, then once again guidance is available in many business books etc.

Before discussing Barista Coffee Skills; an area which you need to explore depending upon your location and the nature of products that you may sell is food hygiene. Check out the relevant Food Standard Authority in your geographic location. In the UK it’s the Food Standards Agency. See http://www.food.gov.uk You need to consider Food Hygiene training and learn about the regulations in this area. Back to making coffee; You don’t need to be a fully qualified Barista before you can make excellent Espresso based coffees and have customers flocking back for more. However, if you have no previous experience, you will need some training and time for some practice before you open your door to customers. With my business, you would be taught some basic skills at the time of your Espresso machine installation. This would involve training on the machine and coffee bean grinder; how to operate them and “best practice” use of the equipment. Day to day maintenance and cleaning schedules will be explained to ensure trouble free use of the equipment. The next step is to show how to prepare a range of the most popular speciality coffees I. e. Lattes, Cappuccinos, Espressos, Latte Macchiato, Mochas etc. including Steaming and Stretching the milk to obtain the perfect micro-foam. Once you get some work experience and have an understanding of the processes then you can take advantage of more advanced Barista Training if you feel the need.

I’ve already suggested you visit other Coffee businesses in your area for market research and gathering vital intelligence on the competition. At the same time decide if you need other “Coffee Shop Skills” by being a “customer”. If it’s a good Coffee Shop then observe the general skills that the staff have and how they attend to customers. Now we come to the cost!

So you now have a clear vision of your business. You can now see your “dream” more vividly in your minds eye but can you afford it? Your initial SET UP costs are going to be for “Premises” – Lease costs. Rent will be a “Fixed Cost”. Property renovations and fixtures, fittings and equipment and potentially uniforms with be “Set Up” costs. Make a list of ALL the equipment you are going to need. Not to mention a Coffee Machine and all related coffee equipment. If your business is to be a Coffee Shop, Coffee Lounge or any business dedicated to the excellence of coffee then you will require a Traditional Espresso Machine set up. If it’s going to be Fast Food, Takeaway etc where staff are doing several jobs at once. McDonalds staff for example, then a Bean to Cup machine would be a better choice because of operational needs. See my article on How to Choose Commercial Coffee Machines – Espresso Machines, Bean to Cup, Bulk Brew. If you are starting from absolute scratch you are going to need counters, chilled display cabinets and serve over counters. Food prep equipment (Stainless Steel tables etc. )#) Grills, Ovens, Refridgerators, Water Boilers, Dishwashers; the list goes on and will be specific for your business. All will have to be “commercial” specification as opposed to domestic equipment. FIXED COSTS, surprise, surprise, are those costs that will hopefully not change too much and are not related to sales. The “cost” of sales is a “variable cost”. Fixed costs are Shop Rent, Business Rates, Insurance, Electric and Gas services if arranged on a fixed monthly plan, Staff Wages, National Insurance (check out all costs relating to employment). Don’t forget your own wages! Telephone Rental, Broadband tariff, WiFi costs – you get the idea. VARIABLE COSTS are related to the cost of producing and providing anything that you sell. For example: Coffee beans, milk, sugar, coffee syrups and sauces, disposable cups. Crockery cups would be a fixed cost but that would depend upon if you and staff have “butter fingers”. All other drinks, food and any other consumables that are used as a result of you making “sales”. Other variables that are not quite as obvious are Advertising and Promotion. It may not be something you do all the time therefore it is “variable”. Please note that any advertising and promotion should be monitored to establish success of campaign and cost per customer. Over time you will have an idea of your customers average spend. Relate that to the average cost of getting a customer and will be able to evaluate if your “campaigns” are worthwhile. All these “variable” costs need to be built in to your Financial Projections which should be for at least 12mths and beyond. Financial Projections should be in the form of a “Profit + Loss” spreadsheet. This is important in assessing the viability of the business. A “Cashflow” Forecast is also very important in the real world, not only for your initial projections but also as a working “day to day” document once you get your business open. There is plenty of information available in business books and online on how to put these projections together. If you have an Accountant, discuss all things financial with them. There is an old business saying that “Turnover is Vanity”. Make sure you are always looking at the “bottom line” of Profit in any financial figures you put together. As mentioned; your Business Plan should extend into the future. A 5 year plan is a good idea. Outline your ideas and vision for future growth. Set business goals and evaluate if you achieved them. Your Business Plan should be a “dynamic document” to respond to the “marketplace” and your ideas. If you you don’t know where your going how will you ever get there!

Building Your Business With A Purpose

Building my business has been a fun yet challenging journey. My Business journey began in 1998 and 15 years later, I have discovered that the only way to build a successful business is with a Purpose. In fact, I believe that a business without a purpose is a business that is destined to fail.

When I wrote my business plan, it was written with my purpose in mind and that was, “To provide High Quality Childcare. ” In fact, my purpose was the glue that held the business plan together. Moreover, as I completed each section of the business plan, it was completed with my purpose in mind.

Building a Business on purpose, takes lot of planning, lots of energy and lots of focus. Most importantly, you must be willing to persevere… no matter what comes your way. Adversity seems to attach itself to every business with a purpose; however, you must stay focused and stay the course.

I must say, it is an awesome feeling to write the purpose for your business and see it in action! Are you ready to build to discover how to build a business with a Purpose? Today I am going to share with you some of the strategies that I used to build my business on purpose.

A business without a purpose is like playing basket ball without a ‘Rim”… it’s pointless!

Master Your Time. You must take some time at the beginning of every week and make a list of your business priorities. Be sure to add your most important duties at the top of the list. Delegate time wasters. As you do this… You will develop a sense of accomplishment for every week. Moreover you will become a master of your time.
Personal Development. If you are not growing as an individual, your business will suffer or if you have character flaws, it will show and could even destroy your business. I recommend that you read a personal development book 2-3 times a year, so that you are able to develop a mindset that will sustain not destroy your success.
Master Your Money. You must have a plan for how you will spend the money that comes into and leaves your business! Money is the life line of your business and you must learn how to manage it well. Only buy what you need, invest in your business on a regular basis and keep a close eye on your money.
Business Associates. Hang around other successful business owners. In fact, get an Accountability partner; someone who will hold you accountable for your business success. If you are hanging around millionaires… you will begin to think like, talk like, look like and eventually become, “A Millionaire. ”
Evaluation system. Be sure to create an evaluation system for your business, to evaluate if you are really operating based on your purpose or if you are even accomplishing your business “mission. ” As you evaluate your business, keep this in mind; Only use methods and systems that are working for you and stop doing what is not working.
Take some time for you! After working 5-6 days a week on building your business; take some time for you. I find that, the more rest that I get; the more productive I am on Monday morning. Also, plan to travel! I believe that travel is a great way to spark your creativity and give you new ideas for your business!
I challenge you to take a moment to reflect on the purpose of your business? Your purpose is your “why”; it is the reason you are in business, so be sure to never stop building your business with a purpose. In fact, as you focus on building your business with a purpose; you will attract to you what you need for your business and what you need for the business will come to you sooner than you think it will!

Escalator Helps Small Business Fill Labour Gap With Ready-For-Hire, Fully Trained Youth

The time for a paradigm shift for Canadian small and medium-sized business leaders and owners has arrived.

By 2012, 1, 105, 972 SMEs in Canada created, on average, 10, 000 jobs annually, and spent $10. 5 billion on research and development. Yet because of minimal exporting efforts, contributed 27% to annualized Canadian GDP, a figure unchanged since 2002. (Statistics Canada, Key Small Business Statistics, August, 2013).

Yes, it is and has been a difficult local market for SMEs. And of the 10. 2% of small business and 34. 4% of medium-sized businesses engaged in exporting, over 80% is shipped to the United States. Business leaders and owners must learn to diversify and tap into the potential purchasing power of a vastly growing emerging markets and beyond.

In Accentures’ recent study, many SME business owners suggested difficulty in developing connections and the local knowledge necessary to break into foreign markets. I would expect the Canadian Federation of Independent Business, with over 100, 000 members, to assume a leadership role in helping SMEs better understand each market. How to navigate the connections, operational requirements, financing and selling opportunities to markets abroad.

If not the CFIB, there are local chambers of commerce, regional government offices for business and consultants that specialize in navigating exporting.

But business expansion efforts require resources. Resources many owners complain are at a minimum. In order to expend valuable time learning of and chasing export opportunities, owners would have to delegate some day-to-day duties to others. Others who may not be on current payrolls. Others who cost money business owners cannot spare.

In some instances, expansion requires skill sets the owner or current staff are lacking.

Fortunately, both the federal government and Ontario governments heard the pleas for incentives and programs, in the form of funding to hire much-needed help.

For those SMEs requiring skill sets in science, math, technology and engineering, Ottawa launched a $40 million internship program earlier this year. The national internship program funds 3000 post-secondary students interested in pursuing a career in STEM and skilled trades funds fully paid internships for a six to twelve month period in the hope that business steps forward and hires these students once their paid-for training and learning is complete.

Additionally, the Ontario government created a Youth Ministry and invested a robust $295 million for a Youth Jobs Strategy after the recent election.

Civic Action, in partnering with Premier Wynne’s Liberals, launched a highly practical program that connects youth with the private sector. A private sector that includes SMEs.

Specifically for small business owners with little time or know-how where to seek prospective hires, the Escalator program assists in posting job listings online. It also provides employer/industry-designed training and internships to close the knowledge gap businesses suggest prevents hires. Further, for those business owners who understand the merit and powerful benefits of mentoring, it connects SMEs with social agencies that have actual mentoring programs for youth in their respective communities.

I encourage all business owners to strongly consider the programs listed above. I can tell you from first-hand experience, youth bring vitality, drive, unaffected zeal and potential. They can also offer a fresh set of eyes or knowledge in a specific area, complementing the rest of your team.

In my business career, I mentored and hired many youth for my teams. We typically brought in and paid one or two cooperative placement students per school year. Those placements were mentored and trained from the day they started, and we hired the better ones on a full-time basis in entry-level roles once their studies were completed.

Because we mentored and trained them during their coop time, when they joined us on a full-time basis, they were ready to tackle the expectations of their new roles, much like seasoned staff. Further, they were also expected to take on a role in mentoring the next year’s coop students, strengthening their own leadership skills in the process.

What did I look for in youth, beyond a specialized skill if the specific need warranted it? First and foremost healthy curiosity, both for the new and old. A brightness that cannot be taught, usually exemplified in critical thinking. A strong desire to see things through to the end, demonstrating heart. An expanse of interests. Lastly, thriving on a team in any capacity and community participation.

We’re talking about a culture change in SME ownership thinking. Yes, valuable time will be required to train youth, time that you will insist you do not have. If you’re unhappy with the sales or profit picture of your business, I suggest you cannot afford to continue on a status quo basis.

Investing that time now can net positive contribution to your business on a longer-term basis, rather than short-term costly temporary foreign workers or part-time, contract staff. Most owners don’t capture the net costs, merely the hourly wage differential. Temporary staff are not invested in your business, rarely making the extra effort required in seeing a problem through to its remedy, recognize a business opportunity when they come upon it, or seek efficiencies and reduction in operational costs.

The investments made in full-time employee hires, training and mentoring will pay off in huge dividends. As will a concerted focus on exporting your product or service to global markets teaming with customers currently with unmet and un-serviced demand.

One of the coop students I brought into Sunbeam arrived as a quiet, shy, awkward young man who was whip-smart in numbers and highly driven to assist our new team in our pursuit of turning around a previously poor performing business unit.

Upon graduation, I hired him full-time. Within 8 months, he developed a comprehensive, complex Excel spreadsheet that allowed the entire company to execute the zero-based budgeting model we migrated to.

He noted the inefficient, highly time-consuming current model that took us away from the business, and worked on his own time to develop the new model. We may have taught him the overall business, its challenges, marketing and supply chain aspects, and allowed him the challenges and space to grow, but you cannot teach desire and critical thinking.

The return on this young man, and the many others hired by small businesses I consulted, is measurable by the bottom line, the change in office and business culture, and the time business owners free up to either work on business or personal pursuits.

Lastly, it benefits society by saving the $1 million each unemployed youth costs, be it welfare, healthcare, or lack of buying power. Buying power which SMEs depend upon. Buying power generated from employment. New employment which requires business in an expansionary, investment, market acquisition mode.

In providing accessible mechanisms, the talent pool, training resources, and mentoring avenues, Premier Wynne, and to an extent the federal government, require business, non-profit agencies, and others looking to hire staff to now step forward and engage in Escalator and the federal internship program.

The time for excuses is over. The incentives are on the table. Reach for them and make the difference for your own business.

Innovator, consumer and trend savvy, value creator, turnaround specialist, operational enthusiast, profit maximizer, and market developer, I was an accomplished business leader and decision-maker for notable consumer goods companies such as Sunbeam Global, McCain Foods, Daymond Building Products, Beam, and Stanley.

In 2005, I created Sui Generis Consult to assist small and medium sized businesses capture their market and profit potential in a dynamic marketplace. Auditing and enhancing sales, marketing, operational and innovation processes, I encouraged business owners to add agility, productivity and pursuit of growth opportunities through customer and market acquisition.

Today, I’m a freelance business storyteller and advisor, writing and sharing successful sales, marketing, differentiational positioning, branding, operations, working capital and financial strategies, any business can implement to achieve market growth and success..

I also write both non-fiction and fiction works and essays, interpreting the world through blurred lines of business, politics, socioeconomics, humanity and social justice.

How Can Business Plan Services Help You?

Are you interested in starting your own business, but you have a very small budget to start with? The idea of starting a business has long been viewed as a very expensive venture and is only a common practice among a small group of people. Thankfully, the technology era has leveled the playing field for starting a business. It is now possible to get started with very little cash. And by gaining the right knowledge and skills, you can own a very lucrative business. In this article, I have compiled a list of 4 profitable online business ideas that you can start, with just a laptop and internet access.

1. Become A Website Developer.

Website development has created many business opportunities over the past couple of decades. Now that there are open source platforms like WordPress, it is quite possible for anyone with a computer/laptop and an internet connection can become a website developer, even if you have basic technical skills. If you are uncertain of whether or not you are able to start a business, creating websites for clients, then a short, informal online course in WordPress can fill in the blanks and give you the confidence to offer your service to potential clients.

In addition to, website development, you can offer hosting services to your clients. And no, you don’t have to own a server. You can get hosting services for very little money. You can then offer the service as part of your package for website development. This price is usually set a bit higher than what you pay for the hosting.

Online business ideas like website development, don’t require that you have a business space, so if you are strapped for cash and don’t want to incur the monthly cost of an internet bill, then this is the kind of business for you. You can take your laptop to your favorite cafe shop, and make use of their free internet service. Make sure you buy something from the shop, as this will keep you and the business owner happy.

2. Start An Online Store.

This is one of the most lucrative online business ideas I know of. You can start a business online, selling your own products, or selling other people’s products. The clear advantage of this business model is that you are not restricted by creativity, or location. If you do not have a product, and don’t have the slightest idea how to come up with one, then you can earn huge commissions from selling other people’s product. This is one of the few online business ideas that you can start with no money.

If you don’t have an online store, it would cost very little for you to set one up for yourself, or have someone set one up for you. As mentioned before, open source platforms like WordPress and Joomla makes it possible for anyone to create a website. WordPress has great support along with free plugins that can make it very easy for you to create an online store with a shopping cart and an automated checkout system.

However, if the monthly cost of hosting is still above your budget, then you can make use of free e-Commerce platforms like eBay, Etsy and Amazon. There is no monthly fee to sell your products, and you only pay a small fee for listing your product.

3. Become a Social Media Manager.

New social media platforms are springing up all over the internet. These social media platforms have huge audiences at any given time of the day. This makes it important for businesses to create and maintain a social presence on these social media platforms if they want to be visible to potential customers.

This need for a social media presence has created a new and unique business opportunity. It is very tedious to spend time creating content to add to the social media platforms. And with so many platforms to have to keep track of, it can be a full-time job.

Many companies are in need of a social media manager, and you can help. This is one of the online business ideas that will not become saturated. New companies are emerging every day and need to maintain a social media presence. So you will never run short of a potential client list.

It is very easy to create content and maintain a several social media accounts. You can use platforms like Hootsuite to manage several social media accounts simultaneously.

You can schedule posts and content for several weeks in advance. You can then charge clients a monthly fee for managing these accounts, which will be a lot less than having to hire an employee to provide this service full-time.

4. Become a Mobile App Developer.

Before you decide that mobile app development is only for those individuals who have spent years or more pursuing a formal education in coding, you might want to read this.

It is possible for non-techs to create mobile apps for clients with no coding skills. You can use mobile content management platforms like MAPS – Mobile Apps Productions Software.

These platforms allow you to create mobile apps and publish them to the Google Play and Apple app stores. In addition to publishing the apps on the app stores, the content management platforms allow you to provide back-end access to clients so that they can manage and update their mobile apps. You can also maintain the apps on the client’s behalf and charge an additional monthly fee for management and hosting of the mobile app.

More than 91% of the world’s population have a cell phone or mobile device. And as consumers become more attached to their mobile devices and more demanding of what it can provide and provide quickly, the demand for mobile apps will be even greater. More than 95% of businesses do not have a mobile app for their business. You can create a mobile app for these businesses at a price that they can afford. This is one of the online business ideas that has very little competition and huge earning potentials.

Looking for More Online Business Ideas?

While you may find lots of online business ideas on the internet, it is important to note that being successful in any business requires that you acquire the skills and knowledge of creating the business or service.

4 Online Business Ideas With Low Start-Up Cost

Are you interested in starting your own business, but you have a very small budget to start with? The idea of starting a business has long been viewed as a very expensive venture and is only a common practice among a small group of people. Thankfully, the technology era has leveled the playing field for starting a business. It is now possible to get started with very little cash. And by gaining the right knowledge and skills, you can own a very lucrative business. In this article, I have compiled a list of 4 profitable online business ideas that you can start, with just a laptop and internet access.

1. Become A Website Developer.

Website development has created many business opportunities over the past couple of decades. Now that there are open source platforms like WordPress, it is quite possible for anyone with a computer/laptop and an internet connection can become a website developer, even if you have basic technical skills. If you are uncertain of whether or not you are able to start a business, creating websites for clients, then a short, informal online course in WordPress can fill in the blanks and give you the confidence to offer your service to potential clients.

In addition to, website development, you can offer hosting services to your clients. And no, you don’t have to own a server. You can get hosting services for very little money. You can then offer the service as part of your package for website development. This price is usually set a bit higher than what you pay for the hosting.

Online business ideas like website development, don’t require that you have a business space, so if you are strapped for cash and don’t want to incur the monthly cost of an internet bill, then this is the kind of business for you. You can take your laptop to your favorite cafe shop, and make use of their free internet service. Make sure you buy something from the shop, as this will keep you and the business owner happy.

2. Start An Online Store.

This is one of the most lucrative online business ideas I know of. You can start a business online, selling your own products, or selling other people’s products. The clear advantage of this business model is that you are not restricted by creativity, or location. If you do not have a product, and don’t have the slightest idea how to come up with one, then you can earn huge commissions from selling other people’s product. This is one of the few online business ideas that you can start with no money.

If you don’t have an online store, it would cost very little for you to set one up for yourself, or have someone set one up for you. As mentioned before, open source platforms like WordPress and Joomla makes it possible for anyone to create a website. WordPress has great support along with free plugins that can make it very easy for you to create an online store with a shopping cart and an automated checkout system.

However, if the monthly cost of hosting is still above your budget, then you can make use of free e-Commerce platforms like eBay, Etsy and Amazon. There is no monthly fee to sell your products, and you only pay a small fee for listing your product.

3. Become a Social Media Manager.

New social media platforms are springing up all over the internet. These social media platforms have huge audiences at any given time of the day. This makes it important for businesses to create and maintain a social presence on these social media platforms if they want to be visible to potential customers.

This need for a social media presence has created a new and unique business opportunity. It is very tedious to spend time creating content to add to the social media platforms. And with so many platforms to have to keep track of, it can be a full-time job.

Many companies are in need of a social media manager, and you can help. This is one of the online business ideas that will not become saturated. New companies are emerging every day and need to maintain a social media presence. So you will never run short of a potential client list.

It is very easy to create content and maintain a several social media accounts. You can use platforms like Hootsuite to manage several social media accounts simultaneously.

You can schedule posts and content for several weeks in advance. You can then charge clients a monthly fee for managing these accounts, which will be a lot less than having to hire an employee to provide this service full-time.

4. Become a Mobile App Developer.

Before you decide that mobile app development is only for those individuals who have spent years or more pursuing a formal education in coding, you might want to read this.

It is possible for non-techs to create mobile apps for clients with no coding skills. You can use mobile content management platforms like MAPS – Mobile Apps Productions Software.

These platforms allow you to create mobile apps and publish them to the Google Play and Apple app stores. In addition to publishing the apps on the app stores, the content management platforms allow you to provide back-end access to clients so that they can manage and update their mobile apps. You can also maintain the apps on the client’s behalf and charge an additional monthly fee for management and hosting of the mobile app.

More than 91% of the world’s population have a cell phone or mobile device. And as consumers become more attached to their mobile devices and more demanding of what it can provide and provide quickly, the demand for mobile apps will be even greater. More than 95% of businesses do not have a mobile app for their business. You can create a mobile app for these businesses at a price that they can afford. This is one of the online business ideas that has very little competition and huge earning potentials.

Looking for More Online Business Ideas?

While you may find lots of online business ideas on the internet, it is important to note that being successful in any business requires that you acquire the skills and knowledge of creating the business or service.

Business Vs IT Business Requirement

Information technology professionals describe requirements first in terms of system requirements. These are the technical specifications of hardware, software and networking systems to support business applications. To produce accurate and reliable assessments of these and other information systems requirements, we need to understand the business requirements first. Information technology can make dramatic contributions to productivity growth. Misaligned requirements can lead to expensive disasters.

The more that IT leaders and analysts can learn about the business, the better. Start at the top with the business context. The context includes key foundations such as the purpose or mission of the business. It also includes the business strategy with regard to markets, customers, products and services. The next element is the management of the business including goal setting, metrics, and leadership style. Finally, the business context includes change management processes and communications.

Collectively, the business context serves to filter ideas, decision-making and the support structure to execute the ideas. It further serves to define how work is performed in the company and, as a result, how information is managed. The purpose or mission of the business clarifies the raw potential of the business. Think of ideas like ore, which is raw material that has a higher value in the context of a purpose or solution. The mission aligns all of the energy and effort of the people inside the company to achieve a common purpose.

In addition to learning about the business, effective IT leaders also learn the language of their business counterparts. Learn to bridge the communication gaps between business processes and functional models, and information flow and system requirements. Learn to adopt the business leader’s definition of a business problem and desired outcome to guide the development of process maps, modules and detailed requirements.

Finally, to connect with the ultimate value to the business, learn to connect information systems requirements to business outcomes, as expressed by business management. There are only two critical desired outcomes to any business, increased sales and increased profits. All of the other measures in the business support these two critical outcomes. IT leaders must align every IT project not only to the critical outcomes but also to one or more of the measures that contribute to them.

Examples of these business measures include:

• a measured reduction in response time to customer issues
• a measured reduction in the cost of technical support
• a measured decrease in cycle time; a measured increase in sales performance and closure rates
• a reduction in the time to deliver products or services
• a measured cost reductions to production including the cost of products, people, suppliers and time.

In designing solutions to business process problems, begin with the business requirements first. Determine whether the proposed solution will produce the desired business outcomes. Make design choices that lead to specific outcomes and measureable business improvements. Link investment needs to these business outcomes. In other words, “follow the path to the money”.

Create a believable roadmap to deliver business results in measureable phases. Large monolithic projects with multi-year development cycles face the greatest risk of cancellation, as the business grows weary with the financial outlay for no perceived return or improvement. Finally, to gain the confidence of the business leaders, share the technical knowledge, experience and project management discipline of the team that will implement the system.

What a Business Can Do to Gain a Competitive Edge Over Its Competitor

An enterprise can increase its revenue better than their competitor by evaluating its business strategies and making a perfect goal. It can be possible by the professionals who can sketch a business properly. It is suggested to hire a professional consultant to accelerate your business in a proper manner.

Probable problems:

• Do you want to compete in the market?

• Are you facing loss in your business?

• Do you want to increase your income?

If you are facing loss through your selling methods and cannot compete in the market, then you definitely need some help. You can invest a large amount for your venture implementation and cover up your immediate losses, but it is not the solution, because you will face the same problem again in the future. Several companies can help you to increase your business in a perfect way because they are the most efficient profitable career consultants in the market.

Business consultant: heighten your business instantly

• Consultation: Commercial consultant does a magnificent job for your task improvement. Their expertise will sketch your business strategies according to the market updates, identify the exact problems and solve in instantly, decide a perfect goal and motivate your management to achieve it within stipulated time and increase your business potential on a high level which in impossible to reach by your competitor. So, do not waste your time and money to build up your important strategies because it can be a failure for you and it is suggested to hire a professional consultant to do that job.

• Brokerage: if you want to buy a franchise then you should know about suitable and blooming industry according to the current market popularity. If you hire business brokers then they will solve your entire problems. They can advise you about some potential areas that can provide highest benefits. Apart from that, they will search some exciting opportunities according to your need and recommend you to the seller. The entire legal documentation and projection will be looked after by the business consultant only.

• Business for sale: It is really tough to sell a business because the procedure will take much time. The whole process will go through a proper legal agreement and both party negotiation. Business consultant can help you to sell your business within a short span because they can prepare all the required documentation and legal formalities by their expertise quickly and properly.

What to do when your current commercial expertise is failing?

It is true that you can only understand your profit-making strategy but if you face loss in your business then there might be some minor problems. It may happen that due to the busy schedule, you did not concentrate on all aspects of your professional up gradation. If you hire a business consultant to make your business goals then it will help you a lot.

• Is your output failing?

• Is your income decreasing day by day?

• Are you facing problem to run your venture properly?

• Do you want to increase your turnover?

If yes, then you should contact a commodity or logistics consultant immediately. Do not waste your time to analyze your strategy because you cannot know the key parts of the present market improvement scale.

How does it work?

Company experts first analyze your skill and positive aspects of your enterprise and sketch a perfect goal. It is very important to improve the goal according to the market updates. Maybe you are facing loss because you overlook some market clause. If you hire a business broker then he can assure you to solve the problem quickly.

• Commercial analysis starts from your operations desk. Because your sole strategy and end result mainly depends on your production and operation team members. The business consultant motivates your staff to reach the appropriate goals.

• The expert team members identify the exact problem of your business. They will sketch your business proficiency and introduce your business in a perfect manner.

• They will boost up your business and increase your revenue instantly.

• If you want to achieve huge success in your efforts then you should have a perfect vision or target. You management and employees do their jobs according to your decided vision. Business consultant does the entire work for your income expansion and they make a perfect arrangement for your output.

• If you want to buy companies to expand your existing one, then professional brokers help you to buy a profitable company without any hassle.

or selling your business:

If you want to sell your product or company patent then you should know all the criteria and meet a perfect buyer. It is quiet impossible to sell your exclusive company within a short time and through a smooth process, because lot of paper works is needed to sell a business. It is suggested to hire an experienced broker because he/she will do the entire work for you.

If creativity implies the flight of imagination, then I am the one who can make you acquainted with the greatest creative bonanza. I am an academic lecturer and a creative writer, and I have also published my essays and stories both online and offline. I can deliver good-quality articles, blog contents, press releases and different types of other creative writing samples. Quality matters to you, and it also matters to me. So, both of us should give it a try!