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Archive - 2021

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1
Starting A Small Business – Make Sure You Know Why
2
Your Employees: Performance Reviews
3
7 Ways Of Financing A Small Business
4
How To Action Your Business Plan Strategies
5
Writing Your Business Plan In One Day

Starting A Small Business – Make Sure You Know Why

This the first of a series of posts about the life-cycle of a business.

First, we will start with the things you need to know and consider when you are starting your small business.

But don’t stop reading if you have already started your business, or if you believe you are operating a “mature” business! You may still learn a thing or two about setting up successful businesses, and you can still use some of these strategies to improve your growth or spurt the next cycle of expansion.

In this post, I will start with making sure you understand why you are starting your small business. In the next few weeks, I will talk about all the things you need to consider, and then later the “how” or steps to take, how to check your business idea through a feasibility check, planning, hiring your first employee, and setting up standard operating procedures.

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Your Employees: Performance Reviews

What is the biggest asset in your business?

Your employees.

Good employees are valuable in any small business. Even if you don’t employ anyone right now, you will. Employees scale your business, doing what you alone cannot do.

Good employees can mean added productivity. They can mean experience. Good employees can help you grow because they become integral to how your business serves customers. Good employees make your business capable of growth because they do more work than you can, and they can be used to supervise and train even more employees as the need to hire continues with growth.

In time, good employees take over management, and you can finally achieve your dream of running your business – without fixing the nuts and bolts every day!

How do you build a team of good employees?

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7 Ways Of Financing A Small Business

Whether you are starting your small business, or planning to invest to grow an already existing business, you will come to a time when you need to find extra cash.

Here are seven ways you could finance your small business.

But first, we should discuss the good and bad reasons why you are seeking the extra cash to invest in your business.

Good reasons to invest in your business include starting a business with a proven market or product and expanding a profitable business. Starting a business with a totally new idea is riskier, so if you are borrowing money or investing your own savings, you should be aware of the higher risk involved.

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How To Action Your Business Plan Strategies

All this month, I have been offering new members access to my One Day Business Plan Program, at a discount of 20% from the usual price of $499. You can read more about the One Day Business Plan Program here, and if you want to take advantage of what the program offers you, you can use the discount coupon to obtain the 20% discount – but only until the end of July 2021.

To get the discount, purchase the Program and at checkout, enter the code ODBP0721.

At the same time over the last few weeks, I have been writing about how a Business Plan can help you grow your business and create order and organisation in the day to day strategies of your business.

Some people have written to me to ask how they can implement their strategies once they have written them out in their Business Plan, so let’s look at how to do this.

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Writing Your Business Plan In One Day

I offer an online Business Planning product called “Your One Day Business Plan.”

It is a timed, video-based training and workshop product to guide small business owners in the step-by-step preparation of their Business Plan.

When I tell people about it, their immediate reaction is, “How on earth can you prepare a Business Plan in one day?”

Well, you can, because it is based on using your knowledge of your business and inserting it into a step-by-step formula that considers your goals and how to achieve them. If you bring your intimate knowledge about your business and where you want to take it, I will bring the formula that you follow.

But first, let me show you how you can prepare your Business Plan in one day.

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