The Business Secrets That Could Take Your Business From Zero To Hero

Are you tired of experiencing less than amazing results in your business? You’ve come to the right place. By using the business secrets outlined here, you could take your business from zero to hero in no time.

Change Your Mindset

Your mindset might seem like the least important thing, but it’s actually the most important thing when it comes to your business. Mindset is everything, and it’s far more powerful than you think. If you have a negative mindset, your business will reflect that. Just ask any successful entrepreneur. Tony Robbins is a great person to look at.

Go Virtual

Going virtual can save you so much time and hassle. Virtual assistants can free up your time, and you’ll spend much less money than actually hiring somebody in house. Many successful businesses actually choose to hire somebody from the Philippines, as they are affordable and work super hard!

Automate Whenever You Can

Automating your business frees up your time so you can focus more on what you’re good at. Automate the processes you do in your business most often using software and apps. You’ll free up everybody’s time, and your business will begin to thrive. At first you’ll spend more money, but eventually, you’ll make it back. The software you purchase will pay for itself.

Take Your Business Offline

Taking your business offline can help you to become more successful sometimes too. Consider speaking at seminars, or writing a book to share your expertise. Don’t underestimate the power of offline marketing either! The following infographic can give you some insights from influential people in business:


credit to Red Stag

4 Business Mistakes You Don’t Realize You’re Making!

mistakesIf you are in business, then it’s likely that you want to be as successful as possible. But how can you do that if you are making errors that you don’t even realize you are doing. That are going to cause you problems and cost you money? Well, you’re not. That is why you have to be super aware of the thing that could be problematic as well as the thing that could be profitable. Keeping reading for some examples of what these things might be.

Not providing the right facilities

One major mistake that any sort of business can make is not providing the right facilities to their employees. Things such as changing rooms, lockers and safety gear.

Not only will this create a resentment between the workers and the owners. But it can also get you into serious trouble with the law. That is because it’s essential that you provide things for your workers’ health and safety.

In an office environment, this might be things like wrist supports for when they are typing, or back rests to help reduce strain on their joints. In an industrial environment, it may be things like providing the right signage, warning of dangerous, or giving them protective clothing to wear. Such as ear plugs.

Not disposing of waste properly

Another mistake that you will want to avoid with you business is not disposing of waste properly. Waste might not seem like a big deal to you, but there are few businesses out there that produce no waste at all. So you will need a plan in place of how to get rid of it.

In fact, some businesses produce a great deal of waste both in terms of items like boxes and paper, as well as dirty water waste that needs to be disposed of in a controlled way.

That means you need to be on top if the legislation about recycling and waste disposal. As well as offering things like separating bins, and installing tools like an Abest electronic water meter. To ensure that your waste disposal is running safely and effectively.

Not paying your employees enough

Now, as a shrewd business person, you may think that keeping wage low is the best way to maximize your profits. But this can be a real mistake, as it is only a false economy. What you save on wages you will probably spend on hiring anyway. As if you are not paying enough you will likely constantly have to re-recruit and train workers to meet your needs.

That is why it makes a lot more sane to pay a reasonable wage in the first place. As you have a better chance of keeping them in the long term.

Not investing in you marketing budget

Lastly, another mistake that you will want to avoid that can seriously affect your profit margins is forgetting to invest in a decent marketing budget.

Marketing, especially the online variety is vital for the success of any business in the current market, and you ignore this valuable way of generating revenue at your peril.

So ensure that all of your budget projection account for a decent marketing budget. That will allow your products to be placed in front of the people that are potential customers.

 

Top Mistakes People Make When Launching Their Own Business

 

mistakesGiven the rate of failure for startup companies, it goes without saying that this is just the tip of the iceberg in terms of problems new companies can experience. However, while this may not be a complete list, it is a good starting point to use as a “what not to do” when thinking of launching your new idea onto the business world.

Mistake #1: Entering An Area They Are Unqualified For

Let’s say that someone has heard that there is always a call for recruitment companies. It’s a profitable sector of society and there will always be a call for such kind of services. So, on the surface of it, that seems like a good business area to try and start a company.

However, it’s only a good area to launch a business into if you have an experience in recruitment. If you don’t, then you’re not only going to be trying to learn an entirely new industry, but you’re going to be doing it when your business aspirations and finances are on the line.

A surprising number of people throw themselves into a sector as they have heard it’s profitable, with no further thought beyond that. To truly make a business work, you need a background of experience in that area to call on.

Mistake #2: Knowing It All = Knowing Nothing

If you’re a doctor, you might think that you know all there is to know about opening your own surgery. On some levels, that’s entirely true – you’ve avoided mistake number one by entering a sector you actually have some experience in. Added to that, there’s no doubt that you’ve got the medical skills that you need to get the job done.knowing nothing

However, this doesn’t mean that you know all there is to know about the various aspects that go into running a business. Knowing the ins and outs of the endocrine system doesn’t mean you have a clue about healthcare interior design; being able to diagnose an infection on the spot isn’t going to prep you for dealing with business finances.

As this example shows, just because you have requisite expertise doesn’t mean you know how to run a business. Don’t think you know everything; you’re going to need help and to be able to learn on the job. If that sounds like your idea of hell, you might want to think again about whether a business is a viable step for you.

Mistake #3: Starting Too Big

By far the biggest mistake you can make when launching a business is starting with ideas that are too grand. Even if you can convince investors to get on your side, you have to try and keep your thoughts in line with the realities of the situation. You’re new to the business world and while you might have the best idea in the world, that doesn’t mean you have a proven track record of making it a reality.

Always look to make your business planning begin with a small scale, just to prove that you can do it. Going small, to begin with, will give you the chance to problem solve without being overwhelmed, ironing out the kinks for the expansion that is inevitably in your future.

Best Businesses: Five Qualities That Will Help You Succeed

Tomes and tomes of business books have been written about ways that you can succeed in business, but the truth is actually a lot more simple than people would have you believe. Here are five qualities that any entrepreneur worth their salt needs in order to be successful.

A Knowledge Of Your Industry

First of all, you need to know your industry inside out. Expertise is something that will make you stand head and shoulders above other people in a similar position to you. A lack of expertise is also why a lot of businesses end up folding quickly.best business

There isn’t any point in opening a restaurant if you’ve never worked in food service, no matter how long you’ve been dreaming of it. Instead, stick to something that you know well and that you understand.

An Understanding Of Other People

Secondly, you need to be able to understand the way that other people operate. Trust is a great quality to have, but let’s face it: the business world can be cut-throat so you need to make sure that you focus on yourself and what you can get out of any situation.

It’s important to make sure that your employees are loyal to you and to your company: you can ensure this happens by treating them well, by listening to any concerns they might have, and by generally being the boss that you wish you had twenty years ago. It’s good to keep your cards close to your chest, but treating people well is always something you should prioritize.

The Ability To Delegate

A lot of people end up burning out if they don’t understand how important it is to delegate tasks to other people. Of course, your business is your baby and your priority and maintaining it feels like the most important thing in the world, but you also need to be aware of your own strengths and weaknesses, and anything that you don’t excel  at?

It’s a good idea to pass it along to someone else who does. IT services are something that generally take up a lot of time if you don’t know a lot about it so you could always delegate that to a company like Brennan IT. Likewise, if you’re more sales-minded, make sure that you get in communications professionals for any content that needs to be produced, and accountants to make sure your books are all correct.

Learning To Network

Networking is key to succeeding as an entrepreneur. It’s how you make connections, it’s how you make sales, it’s how you hook in clients. When you’re starting off in an industry, networking might feel strange and false but remember that no one is there to make lifelong friends – you all know that you’re there to make connections and advance in the business world. Keep your business cards in your wallet and a smile on your face.

Buckets Of Professional Charm

Finally, you need to make sure that you’re friendly at all times. Being approachable is important, and if you’re a pleasure to work with them people will come back to you time and time again.

There Is More To It Than Just Getting The Right Merchandise

merchandiseOne of the questions that always pops up on retail forums is about knowing what merchandise is right for your store, and they’re right to ask this. Getting the merchandise right is going to be a huge factor in your success, maybe even the biggest factor.

But it isn’t just about what you put on your shelves, it is also about choosing the right vendor, the standards you put in place and all sorts of other variables.

Basically, there is a horizon full of factors that need to be considered when setting up shop. Don’t despair, though, because we have come up with a menu full of food for thought that will hopefully help you ascertain what decisions you need to make when buying merchandise.

Always Consider The Customer

The best way of knowing what to stock in your store is to properly understand your target audience. This isn’t as impossible as it may sound. It could be that you look at current trends and focus on a niche area within this, or it could be that you use a trial and error strategy by keeping a close eye on what sells and what doesn’t.

If you sell jewelry, and you know that rose gold is all the rage, then stock up on rose gold plated jewelry your clients will love | ELF925. As a golden rule, though, don’t buy based on what you like. Buy based on what they like, what they are buying or what the big trends are telling them to buy.

Your Best Friend Is Value

All too often retailers think that value means cheap. It doesn’t. Please don’t fall into that trap. Value means getting the best something for that price. People know that something cheap is less likely to last long, which means they will probably end up buying it for longer. So latch onto that fact and celebrate it.

Look for deals among suppliers, or manufacturers getting rid of stock or overstocking opportunities, anything that will keep your buying prices down. This will then allow you to offer your customers better value too, and that is often the thing that will separate you from your competitors.

Always Consider Your Supplier

Another big factor always worth considering is what your supplier or vendor offers you. It is all well and good going with a vendor that offers good brands or great prices or even a vast selection of products, but don’t overlook their service. Their service affects your service in the same way their quality control affects yours.

Do they always deliver on time? Do they offer refunds? What authorisations do you have to go through? Is it easy to reorder with them? Do they support your store? Can you trust them? All of these things should weigh in when considering a vendor because all of these things will affect your bottom line, and that is all that matters at the end of the day; your sales, your profits, your margins.

Know How A Brand Fits With your Store

This can be a tricky thing to balance because, while some brands may be big-sellers, they may, in fact, harm the reputation of your store. A great way to know if they will or won’t is to look at the other brands you stock in store, make a list of which ones are popular and then list some features about that brand.

From there you can get an idea of what will or won’t fit in with the rest of merchandise. How you brand your store is just as important as the brands you carry; remember that.

3 Legitimate Side Hustles To Earn Money From Home

If you search ‘earn money from home,’ all kinds of weird and wonderful results come up. Many of these even promise that you’ll earn thousands in a week sounds fantastic, right?! Of course, much of this stuff is completely false, set up by con artists to either steal your details, the money from your bank account or to get you to do something illegal on their behalf.onk 5

The good news is, there are ways to earn money on the side that are completely legitimate, safe and legal. If all goes well, these things could even go on to be your full-time job!

Here are three side hustles that actually earn you money.

Freelance Work

There are lots of great freelancing websites out there these days which allow people to earn money from their skills. Writing, proofreading, design work and art are just a few examples of skills you can utilize by selling online.

There are often lists of jobs in each category which you can ‘bid’ on if you’re accepted you complete the work in a set timeframe for an agreed fee. Over time you will build up a rating and gain feedback which means you’re more likely to get accepted for jobs in the future.

Many of these won’t pay a great deal, but it’s something you can easily dip into in your spare time. As you can control you own workflow it’s a flexible way to earn cash, and can be done around childcare duties, other work or whatever else you have going on in your life.

Set Up a Business

Set up a business in an area that you’re passionate about, and you will enjoy every second of it. You could start from scratch, creating your own website or e-commerce stall. Or you could set up your own virtual stall and sell on an online marketplace such as Etsy or eBay.

If you have a great idea but don’t have the cash to set everything up, you could look into business funders. They will loan you the money for things like equipment, materials, marketing and other expenses that any business needs to get off the ground.

Things might be slow to start off with, allowing you to keep your day job. But eventually, the goal would be to go at it full time and invest your time and energy into this thing you love.

Write a Blog

A blog is a fun way to connect with others, talk about your passions and have your voice heard. It’s a platform where you can be creative and just a fantastic hobby to get into. But as well as being fun, blogging can also be lucrative.

While the money won’t be rolling in right away, work hard on building up a great site with a loyal following and eventually you’ll start securing sponsorship deals. It’s an additional source of income and for many people is their sole source of income since it can pay so well.

 

 

Digital Tools Business Owners Can’t Miss Out On

Modern businesses need to get digital if they want to keep up in a fast-paced world. Whether your business is just you or you manage a team of employees, you need to stay current so that you can compete with others in the industry. There are many digital tools that can be extremely useful for businesses of any size. Networking Communication Internet Digital Networked

As your business grows, you might change the approach you take to different areas of your business. For each element, you can find different tools suitable for managing businesses of varying sizes. If you need to make your business more digital, try these tools on for size.

Communication

Communication is the key to good business, whether you’re communication with your employees, customers, or business partners. How we communicate has changed a lot over the last hundred years, and even over the last ten. There are now lots of convenient ways to communicate online, from sending emails to making video calls.

Email is still an essential way of contacting people, even with tools like instant messaging available. For businesses, being able to manage contacts and email lots of people is essential. Email management and marketing tools like MailChimp and Constant Contact are essential digital tools to consider.

Information Storage and Management

Any business or organization needs to store information and data of some kind. Some businesses might deal with more information than others. Everything was once done on paper, but there’s no need for that anymore.

Modern businesses should make sure they’re using digital methods when they can, especially because it’s more environmentally-friendly. It also saves space and money.

For businesses dealing with a lot of information, there are enterprise records management services that can help. They can store your records both physically and digitally, and allow you to view them digitally when you need to. Smaller companies might only need a cloud storage system, such as Google Drive or DropBox.

Financial Management

Managing money is, of course, one of the most important parts of running a business. Digital tools make it easier to do it with accuracy and could mean that people running smaller businesses don’t need to hire an accountant or bookkeeper.

While many small business owners start off managing their accounts using a spreadsheet, they often quickly move onto something more sophisticated by still easy to manage. For example, Quickbooks is a popular choice to manage finances in an easy manner. It makes it easier to keep track of everything and to send accounts to an accountant when it’s time to do your taxes.

Productivity

Businesses need to focus on being productive if they want to make the most of the time they have. Maximizing productivity is something many business people strive for. They want to be as productive as they can in shorter periods of time, instead of having to spend all hours getting work done. Whether you’re a single person running a business or you have employees, you can find digital productivity tools that are useful for your business.

One major thing that helps productivity is being more organized, which is why many business people use tools like Evernote. It can also be useful to automate certain tasks to cut out unnecessary effort. For example, a tool like ITTT (or If This Then That) helps to automate workflow so that when one action is performed, another follows.

Marketing and Promotion

Promoting your business is at the core of its success. If you can’t get the word out, you can’t find new customers and keep your current ones. There are various digital marketing tools that can be very useful for businesses of different sizes.

Some of them can cross over with areas like communication, such as MailChimp. Other digital tools include Google’s platforms, like Adwords and Analytics, which help businesses to advertise and to analyze their website traffic.

Customer Relations

Relationships with customers need to be managed so that each customer can remain a valuable asset to the company. There are lots of tools that can be used to manage sales, customer contact, and customer relations digitally and online. For example, Salesforce provides a number of customer relationship management solutions for businesses of different sizes and industries.

Nimble is particularly suitable for small businesses and combines customer relations with social media. Businesses should look for the digital tools that meet their needs when it comes to customer relationship management.

If you’re not already using a variety of digital tools for your business, you need to consider which ones are right for you. You could improve your business in a number of different ways.