Today business success is a critical challenge to every business man. Investment looks phonetic with returns. To run a successful business is not so easy. On the way of business competitors are the fighters. To meet them you need sufficient planning & proper business strategies. Business run over marketing, network & knowledge. To win the success we have to research our Business. Think Business, Dream Business & Stay busy to do Business. In this session let us share some Successful Business Secrets for Small Businesses.
Plan your Business
Before start a small business plan your business well. Prepare flow charts for your investments & the areas you are thinking to gain business. Flow chart helps in easy understanding. What ever business you do keep planning for the beginning 6 months your business will not return you profits. During this duration from employee payments to transport expenses you have to add all in with Capital. Planned budget gives freedom to do wise business. Take an excel sheet, note down the heads of investments. Put an another column with your planned path of returns. Study well. Update if required. While you study think in all directions. It can be negative or positive too.
Start your business while you are in job
Job provides constant & sure monthly income. As we discussed above in the baby days of your Business you are not going to earn as you required. In this matter job helps to meet your regular expenses. You can take this as a suggestion “Start your business while you do job”. Practically this is not so easy to do maintain job & business together. You have to work hard until the business make you stand.
Care your Business Assets
Business Assets are the tools for your Successful Business. Care them well. Instruct your office boy to keep them clean regularly. Provide quality maintenance to the assets if required. To count your business assets use sticker number system. There are several asset management tools are freely available in Internet. Download them & use them to track your assets better.
Appoint Experienced Employees
Take time to deal with Human Resource. Review suitable candidates career profile before the final round interview. Trend your interviewers to judge core candidates. While appointing a new employee try to meet his/her expected salary figure. It helps to boost them in job. If technologies are the part of your Business, stay update regularly. Provides training & knowledge sharing sessions to employees.
Put all agreements in writing
On the way we do Business from shop agreement to customers deal do all in written statement. Oral agreements can be difficult or impossible to prove if any thing will go wrong. Make this a habit of getting & giving receipts for all goods, services & deposits regardless of how much.
Clear your bills early & your taxes on time
Business moves with network. Like telephone, news papers, cable & internet bills practice to pay early. The mode of payment you can choose Cheques. Save Tax. File your income tax return.
To maintain your Business more secure & accurate software helps a great. From employee management to time-sheet management you can use software’s. MS-Office is a very essential tools for small scale business. To maintain your accounting system you can prefer Tally. Instant messaging (IM) helps to save communication expenses. Use IM in your network to communicate each others. Open your business website. Using a website you collect orders from the customers. Do better SEO to get more leads.
Advertise your Business
Advertisement brings popularity & growth in sales. Advertise you Business Good. Show up your key features & top qualities. There are various medias working 24 x 7 to run your business ads. Depending upon your advertisement budget choose correct channel to advertise your products. Leaflets, Brochures, Visiting cards & Banner Ads are few of the magical tips to your business advertisements. To advertise in web use Google Adwords.