Navigating Uncertainty: Business Continuity Planning for Small Businesses

Navigating Uncertainty: Business Continuity Planning for Small Businesses

In an increasingly unpredictable business environment, small businesses face numerous risks ranging from financial instability to natural disasters and, as recent times have shown, global health crises. Business continuity planning (BCP) becomes essential in such a landscape, enabling businesses to continue operations under adverse conditions. This article dives into the significance of business continuity planning for small businesses, outlining key strategies and steps to develop an effective BCP.

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Mastering Business Planning for Online Companies: A Comprehensive Guide

Mastering Business Planning for Online Companies: A Comprehensive Guide

Launching a startup in today's digital age has become common for entrepreneurs/founders looking to capitalize on the internet's vast potential. However, the convenience of launching a business online doesn't still need to eliminate the need for meticulous planning. A well-crafted business plan is crucial for any online business aiming to succeed amidst fierce competition and ever-changing consumer preferences. This article explores the essential components and strategies for developing an effective business plan tailored specifically for online ventures.

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Effective Business Planning: Your Roadmap to Success

Effective Business Planning: Your Roadmap to Success

Business planning is an essential process that helps entrepreneurs and corporate leaders structure, validate, and execute their business ideas. It lays a path toward achieving specific business goals and facilitates problem-solving and investor communication. This article shares the critical elements of effective business planning and offers practical tips to help you craft a plan that propels your business forward.

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From Blueprint to Reality: Starting Your Construction Venture on a Tight Budget

From Blueprint to Reality: Starting Your Construction Venture on a Tight Budget

Starting a construction venture is an exciting journey, and many have enjoyed it. According to IBISWorld, there are 3,962,222 construction businesses in the US. However, it often comes with significant financial considerations. From blueprints to turning your dreams into reality, managing costs is essential for success, especially when operating on a tight budget.

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How To Be More Proactive In Your Business 

How To Be More Proactive In Your Business 

You can be reactive when you run a business and you can be proactive - which one is best? The truth is that you’ll actually need to do a little of both because as much as you might put plenty of useful measures in place to help you be more proactive, unexpected things can still happen so you’ll need to be reactive as well, and that’s okay. It’s just how business (and life, come to that) works. 

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Questions to Consider Before You Grow Your Business

Questions to Consider Before You Grow Your Business

When you own a business, there will be a constant drive for growth so you can continue to attract customers and increase profits. This will always be there, especially if you are following your initial business plan. However, there may come a time when you believe you need to re-evaluate your position, you feel your business has plateaued, or you think it is time to step things up. Whatever the reason, you need to ensure that you are ready for the growth that is to come. It is all well and good to want to grow and increase your efforts to drive customers to your business, but there is a lot more to growing your business than increasing profits. 

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Moving Your Business Forward And What To Think About

Moving Your Business Forward And What To Think About

When it comes to your business, you want to do all that you can to move it forward quickly and successfully. However, starting the business can actually take its toll, and before you realize it, the first year is done and you need to start thinking about moving the business forward. The idea may have consumed you for some time, but the reality is that often what we think will happen isn’t always the case. So if you are in a position where you want to move your business forward then maybe these things can help.   

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What Every Astute Business Owner Needs in Terms of Backup Plans

What Every Astute Business Owner Needs in Terms of Backup Plans

You can do all in your ability to move your business ahead, yet things happen. Every entrepreneur's career will eventually experience a period when their business experiences a setback. By having backup plans ready for these situations, you can get back on track much more quickly and avoid losing too much money. Here are some business backups you should think about if you want to stay ahead of the competition.

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How to Choose the Best Medical Answering System for Your Practice

Adding a medical answering service to your medical practice can have many benefits. For patients, it allows them to connect with medical care 24/7, 365 days of the year. For providers, it can improve an office’s organization and give providers confidence that their patients are cared for outside of office hours. 

There are many different medical answering services available that a practice can choose from, each with its own unique service package. As you browse your options, here are some important questions to keep in mind to help choose the best medical answering system for your practice.

Is It HIPAA Secure?

Many businesses use answering services to handle calls after-hours. Medical office answering services are special because they must put a premium on security. A HIPAA secure answering system will require patients to verify their identity, provide secure messaging, and more. By using a HIPAA secure answering system, doctors and patients can be confident that sensitive medical information will remain private. 

What Does It Cost?

An after-hours answering service can be invaluable to your patients’ and providers’ peace of mind, but the cost could put a real dent in your budget. Depending on your practice’s needs and total budget, you may have to be strategic about which answering service you choose. Answering services often offer a number of different service bundles. For larger practices, an expansive bundle that offers mobile apps, doctor paging, and secure messaging may be ideal to maximize your office’s efficiency. For smaller practices, a mobile app alone might do the trick. 

It’s also important you understand how much you can expect to pay for actual calls. Check to see if you’ll be billed by call volume, call time, or some combination of the two. Some answering services also charge a fee to set up call integration software with your practice, so be sure to factor that into your budget as well and choose the service that offers your practice the most value. 

Who Is The Service Staffed By?

When patients need help after hours, the person they connect with through your chosen after hours answering service becomes a direct extension of your practice. You want to be sure your patients are receiving the same level of care and respect they would receive if they were sitting in your office. An answering service that provides a full call list and access to recorded calls for your review is a great option for ensuring your patients are receiving the care they deserve. By choosing a medical answering service that places customer service at a premium, you never need to worry that your patients aren’t getting outstanding service when your team is away.

Can It Integrate With Your Practice?

Many calls placed to medical practices after hours deal with appointment scheduling. If you don’t use an answering service, catching up on scheduling messages that may have been left after hours likely takes up a lot of your office staff’s mornings. If you choose an answering service that integrates with your office’s software, the service’s staff can handle after hours appointments and keep your scheduling clean and up to date. Instead of spending hours playing catch-up and returning phone calls the next morning, your in-office staff can pick up right where answering service operators leave off. By choosing an after hours answering service that can integrate with your practice’s workflow and procedures, your practice’s organization and efficiency will increase dramatically. 

Medical answering services are not one-size-fits-all. Your practice has unique needs, and by using these questions you’ll be able to find the answering service that best fits your office and your patients.

A short guide to setting up your own business

A short guide to setting up your own business

Making the decision to leave a stable position of employment and set up your own business is an exciting time for any would-be entrepreneur. Becoming self-employed gives you a huge amount of freedom: you can work to your own rules and working practices and organize exactly when and for whom you work. On top of all this, you can dedicate yourself to a business that you are truly passionate about and are consequently willing to put in 100% to make sure that you are successful. However, setting up your own business can also become exceedingly stressful and could prove to be a disaster if not thoroughly planned. Considering these points, read on for a short guide to setting up your own business.

1.   Education

You might have all the necessary expertise needed to create and carry out the products and services your business will offer, but product knowledge alone is not enough to ensure that your endeavor is successful. You will need a strong foundation of business practice knowledge that you can take into your own business practices. If you do not come from a business background, you could consider taking some online business courses. These online business courses will provide you with the essential skills required in areas that are much used when setting up a business, for example, bookkeeping, grant writing, and project management.

 

2.   Write a business plan

Writing a business plan is an essential task that should be undertaken when setting up any business and reviewed and updated every couple of years to reflect your current circumstances. There are plenty of guides available showing you how to write an effective business plan, but there are several points that you should always look to include. An analysis of the market which you are entering, for example, along with a detailed description of your business’s unique selling point, to clearly demonstrate how you will fit into that market.

3.   Secure financing

Setting up your own business is an undeniably expensive endeavor, and as such, you will need to make sure that you have secured financial backing. There are several federal loans you can apply for, such as the Small Business Administration Loan, to help you to set up your business. Alternatively, you could approach a bank for a loan, but make sure that you are able to pay your loan off and do not put your house as collateral, in order to prevent a disaster from occurring if your business does not prove to be successful.

4.   Premises

During the early days of your business, when you are just starting to get off the ground, you might decide to work from your own home in order to reduce overheads from expensive rented offices. However, you might require some extra space in order to house supplies and products for shipping. If this is the case, you could consider renting a storage space from which you can store and package items away from your home.

How to Plan a Wedding While Running a Business

How to Plan a Wedding While Running a Business

If you are running a growing empire, you might have placed your wedding plans on the backburner. However, a little research and delegation could make planning your dream day a breeze.

If you want to say “I do” to your other half soon, don’t allow your professional ambitions to stand in the way of your relationship. Read these top tips on how to plan a wedding while running a business.

Improve Your Time Management Skills

Do you not have time to visit various venues and attend cake tastings? Improving your time management skills could help you to plan a wedding without compromising on your career. For example, you could start work a little earlier or finish later, which will allow you to take a morning or afternoon off to browse ceremony locations or attend a wedding dress fitting.

Make Big Day Plans on Your Lunch Break

There’s no reason you can’t call a vendor or organize a wedding table plan on your lunch break. Rather than wasting your spare time browsing social media or reading the news online, use your time productively to book a venue viewing or order wedding favors online. Each call you make and product you buy will push you one step closer towards your dream day.

Simplify the Planning Process

Believe it or not, you don’t need to spend hours upon hours attending cake tastings or watching different wedding entertainment acts. Instead, browse the market for reputable companies to make an informed choice at the click of a button. For example, a dependable entertainment company will often feature footage of their wedding bands, pianists, harpists, caricaturists, and DJs to help you choose your tastes and wedding style. Visit https://www.alivenetwork.com/wedding-entertainment to find out more. Adding to this is planning for the wedding decorations. If you want to be trendy, add or display your wedding hashtags. And if you aren't sure about the perfect wedding hashtag that you are going to choose, definitely a free wedding hashtag generator is the best tool that you can lean on this with a lot of options you choose from.

Get Organized

As a business owner, you likely possess exceptional organization skills that you can transfer to wedding planning. Remove some of the stress by writing a list of various important dates and deadlines, and then aim to tick them off your checklist on schedule.

Similar to your professional life, keep a binder to store important contracts and information, which you can turn to when needed. Plus, you could launch a Trello board or Google Drive folder that you can share with loved ones, a wedding planner, or vendors. Don’t forget to add key dates to your smartphone calendar to remind you of important actions or appointments you won’t want to miss.

Assemble a Wedding Team

Your delegation skills could serve you well when planning your special day with your other half. Make the process a breeze by recruiting relatives, friends, and/or professional planners to help you create a perfect wedding. For example, you could ask a loved one to pick up your wedding cake, post save the date invitations, or for their opinion when picking wedding entertainment or a dress.

A busy career shouldn’t stand in the way of your wedding day. Follow the above advice to simplify the planning process while running your growing business.

Why Is Communication So Important In Business In 2020?

Why Is Communication So Important In Business In 2020?

Communication is indeed part of our nature and our lives, with companies incorporating it from the outset into their strategic tools because they promised alternative ways of approaching the public over the familiar and commonplace. In today’s world, following the devastating effects of COVID-19, communication is more important than ever.

 It keeps us up to date with changes, keeps us doing our jobs, and keeps staff happy. This is just the start of what it can do for businesses. Secondly, its bigger objectives include the cultivation of human relations, the creation of an organizational climate and corporate culture, the regulation and control of employee behaviors and also being able to inform and understand. It’s all about being a focused entrepreneur

Important criteria that shape this communication and determine the means that will be used on a case by case basis are the size of the organization/company, the characteristics of the team to be communicated (such as size, hierarchy, level of training), the content of the objectives of this communication, the corporate culture and of course the cost. One thing remains the same regardless, however, is great commercial systems. If you don’t have this, then companies are likely to face some issues. Communication problems come in many forms, such as: 

  • Serious and well-known companies give an image of mediocrity in telephone communication with customers and suppliers.

  • Executives with significant studies and professional skills fail to stand out in the business environment due to reduced ability to communicate and manage unavoidable work conflicts.

  • The inability to implement organizational changes in companies, like the vision, goals and relevant messages of the Management are transmitted in the wrong way. 

  • Despite the obvious desire of many managements to create an environment of friendliness and increased satisfaction and motivation of the staff, the result in some cases is moderate to negative, due to the lack of proper communication tactics resulting in a low level of staff satisfaction. 

Communication on the road is also vital and with issues from cell phones on the road, it may just be that this hinders your business. If you try WilsonPro for cell signal problems you may be able to eliminate this and keep the business ticking over; especially when your employees are on the road or communicating from their vehicles on the road.

If we visit the websites of large companies, we notice that they all dedicate a special space to inform everyone interested in the variety of media they use to achieve and continuously improve internal communication, which - as they inform us - they consider a top strategic priority. 

Why is communication online important? 

If you keep in mind the Inbound Marketing methodology, then you will know that consumers now have more control over the content they consume, more choices, and higher expectations. Modern consumers demand direct communication and human contact when it comes to their service. When they want to meet a need, they start their research online, contact the company directly via chat or social media, in order to solve any questions, may choose telephone communication as the last alternative but this does not mean that some companies do not still use this as a big method. Of course, people do not hesitate to share their experience online also, so ensuring that you have a great telephone manner and excellent communication will keep your business in good shape. 

Satisfied customers are an opportunity for any type of business

To get happy customers, you need to do two things: focus on your customers and offer them the ultimate service experience. You should be constantly looking for ways to save time and resources in order to focus your efforts on increasing your company's revenue. These are the types of boxes you should look at, for any SME business in 2020: 

  • Quick response to consumer demands

  • Improve the productivity of the customer service team

  • Meeting the needs of the company's customers

  • Conversion of customers into promoters

Lead generation and happy customers will increase sales. This path is followed by the increase of your sales: The marketing strategy in the company's channels stimulates the interest of your customers and also brings them to your site more frequently. Your visitors express their interest in a service or a product of yours and those who take action, that is, show interest, are known as leads. Having completed this step, tailor-made campaigns for leads through marketing automation will follow, and so, once the targeting is done specifically for the audience, the leads will come closer to becoming your customers. 

The most effective solution is marketing automation

Marketing tips

Once upon a time, lead generation could be done by filling out a printed form on the spot in a store. However, with the rise of the internet and digital marketing, the way users interact with the process of buying a service or product has also changed. This means that a user can now operate autonomously and the purchase steps may not be clear and they may not be able to turn a contact into a lead, making the collection of customer data even more complicated.

Fortunately, marketing automation has already developed strategic leads retrieval applications, and the companies that use it make a profit by increasing their customer base. Now, marketing actions are not general, massive and impersonal, but aim to appear to the right buyers and develop strong relationships between company and customers - and in 2020, customers need to feel more trust than ever before. 

Better budget management

In addition to increasing revenue through the trust relationship, companies can make a significant profit in managing advertising costs, as the actions are aimed at an audience that is already in the first stage of attraction. This audience is also already to some extent familiar with the company and its services and is in the process of thinking about the final market. This makes marketing automation actions even more effective. If you have decided to implement lead generation actions in your company, it is good to choose the right partner who can bring results using all the means of your corporate communication, balancing the marketing strategy and increasing sales. 

Shake things up in 2020! 

So, you will see what topics you need to cover in the first phase. Keep a record of all the content you have published in the last year and study recurring topics. It is advisable to divide your content into the following categories:

  • Type of content

  • Audience category

  • Campaign/goal it serves

  • Date of creation

Based on this list you will see which content serves your goals and which holds you back. Also, if an article or page has a lot of traffic, but its content is outdated, you can update and republish it. This is a very good practice, especially when you feel that you have said it all!

Make sure you promote your company in the right place at the right time! Now more than ever, you need to rethink strategies to focus on what is important. It’s also vital that your content appears in search results or even appears in the right place at the right time so people can reach you. So, your audience will treat you as a reliable source of knowledge and information and of course will advertise you to their friends. Do not forget the success of influencer marketing in recent years or the old fashioned "word of mouth"! Again, all down to excellent communication. 

For a successful Content Marketing strategy, you need:

  • To know who you are addressing

  • To organize your content wisely

  • To create a content calendar to better organize your content

The content you create is the only "tool" you have in your hands to bring the audience to your website and increase traffic, leads, and your customers. Give it the importance it needs! 

How else to communicate?

Utilize your internet to the best of its ability. Infographics simplify any large amount of information with a creative aesthetic, which is why they are always interesting - statistics, surveys, and information on any field are presented in a way that is easy to share, more understandable, and more attractive too. As a matter of fact, an infographic is shared three times more often on social media than other types of content according to online research which is why you need to start designing this year!

Designing an infographic is an art form, so many elements must be taken into account in its design and maybe even hiring someone to assist you with it could be beneficial. For example, the use of white space is considered necessary to give a sense of simplicity and organization. In many, the content is also divided into color sections, so that the categories are clear. Each category should have its own title and use a clean font. Once you find new ways to connect, including email, you can reconnect with your client base and change things up to communicate more effectively following COVID-19 and counteract the destruction of the economy. 

Are You Forgetting These Important Things In Your Business?

efficiency

The sheer number of things that you need to think about when you're running a business is staggering. It's, by far, one of the most complex, difficult, and intense undertakings that you'll ever experience in your life. Now, don't think that this is some attempt to discourage any prospective business owners from attempting to follow their dream, but it is important to get a sense of perspective.

The worst thing that you can do is to go into business with rose-tinted glasses. It's pretty likely that you have a lot of great ambitions for what you want your business to be and how it's going to succeed. While this is fantastic and it's important to have something that you're constantly trying to strive for with your business, you can't let your focus rest on that stuff alone. There are so many elements to running a business that, if you're not careful, you could well end up feeling completely overwhelmed.

One of the most common reasons that many organizations end up failing is because they fail to predict the kinds of things that they will inevitably have to deal with. Far from trying to be discouraging, the point of this article is to help you understand what kinds of things you should expect to come up against when you set up your own business.

By knowing what you expect, you're that much better prepared to deal with any problems that happen to rear their heads. Don't assume that this only applies to new businesses either. Many well-established companies can end up getting themselves into trouble because of things that they fail to pay attention to. With that in mind, here are some of the things that even the most experienced businesses often neglect, and how to avoid letting them trip you up, no matter what stage you're at.

Efficiency

Let's face it, running a business is complicated. A business can be an extremely complex mechanism with a whole lot of moving parts.

Because of that, you want to be sure that you're running your business as efficiently as possible. If you don't you could well end up getting buried by everything involved in it. You want to be sure that any given task is something that you can achieve quickly and efficiently, whether you want to be able to generate a document or send out information to every member of staff, you don't want to end up having to waste time on every little thing. You might not think that the little things will have that much of an impact on your business as a whole but the truth is that these things can often add up to a whole lot of wasted time and energy.

Lead generation

There's a fairly good chance that you're pretty aware of just how important marketing is to your business. Companies spend huge amounts of money every year on crafting the most effective marketing strategies possible, and that simply wouldn't happen if it weren't such a crucial element of their success. However one of the things that even the most experienced businesses often forget about is the importance of lead generation.

Lead generation is essentially the process of identifying potential customers for your business, usually those who have expressed some form of interest in your business in the past. It truly cannot be underestimated just how important this is. If you don't know who your potential customers are, if you aren't aware of who is most likely to respond to your marketing, then you're never going to effectively reach the kinds of customers that your business really needs.

If you spend your time trying to reach out to people who have no interest whatsoever in your business, then you're going to end up wasting both your time and theirs. This is where things like cold calling end up coming from. No one likes to be disturbed by a company who they have never expressed any interest in and have no desire to engage with. But through lead generation, your company is far more likely to only interact with the kinds of people who are ready and willing to engage with it. It doesn't matter what kind of business you're running; lead generation is important across the board, whether you're a retail store finding customers or an insurance company looking for potential policyholders. 

Office security

police-blue-sky-security-surveillance-96612.jpg

Security is one of those things that often seems to be ignored for no other reason than the fact that there are plenty of other, much more exciting elements of a business that people would rather focus on. This might sound like a completely ridiculous reason, but it's surprisingly easy to get wrapped up in particular elements of your business once all of the wheels are turning. That's part of the reason why things like this are so crucial to pay attention to from the very start. Your office is the hub of your business. Even in the modern, internet-driven world, your business still needs somewhere to act as a sort of home base, and that is almost always going to be your office space. This means that you need to keep your premises safe and protected with the use of alarms and security cameras. Make sure that you're covering any potential blind spots that intruders could potentially exploit. Not only that but your cybersecurity needs to be a major priority as well. 

Clear communication

If you're not communicating effectively throughout your business, then there's no way it's ever going to run as efficiently as you might want it to. You can't create a business that is functioning properly if your right hand has no idea what your left hand is doing. Make sure that, even if they're divided into smaller teams, your employees are always communicating with each other. Nine times out of ten interdepartmental issues and problems could have been easily avoided simply by improving the level of communication between employees. It's not just internally where you will find that communication is absolutely crucial.

You should make sure that there are open lines of communication between your business and your customers at all times. This means that you need a great customer service team, ready to speak directly to customers, but you should also make sure to use social media and your website to keep customers informed as to new developments within the business itself. By doing this, you'll be able to create a far stronger bond between you and your customers than you ever would have been able to otherwise. No matter what it is that drives your business forward, strong and open lines of communication are always going to make things run more smoothly and efficiently.

Many of these things might seem very simple, and perhaps even a little insignificant, but do not underestimate the difference that they can make to your business. If well implemented, these kinds of things can take your business to the next level with ease. But if they are left ignored then you could very quickly find some serious issues cropping up in your business. Hopefully, this article, at the very least, gives you an idea of just how important it is to pay close attention to every last detail in your business and never to let anything fall by the wayside, no matter how small and unimportant it might seem. Your business is a vast, complex machine and if even one single gear falls out of place, then it could lead to the entire thing grinding to a halt, or worse, falling apart entirely. 

6 Steps To Creating Your 2020 Business Plan

business planning

Whether you currently have a business or you’re thinking of starting one, you should have a business plan to carry you through. A business plan isn't a legal necessity like insurance, for example, but it should be viewed as compulsory by anybody who is serious about starting a business. 

Before you start your 2020 business plan, take the time to put in some preparation. What would you like to accomplish in the next year? What are your strengths and weaknesses? What does your financial situation look like? When you have a clear idea of what you want everything to look like, move on to the below six steps:

Step 1: Define Your Goals

The first step of any business plan should be to define and identify your goals. Think of what you hope to achieve by the end of 2020, and every six months after that. See if you can come up with some goals based on current business trends and market opportunities that you’ve found, too. 

Remember, your goals should be SMART: specific, measurable, attainable, realistic, and timely. If you make sure your goals fit that criteria you’ll have a much better chance of meeting them.

Step 2: Revisit The Basics

This is important for any business owner. Revisiting the basics every so often to ensure you’re on track could make a big difference to your overall success. 

  • What is your USP (unique selling point) and how do you differ from your competition?

  • Who is your ideal customer? 

  • What is your mission statement? 

  • What are the top five places that have helped you to generate the best leads?

Step 3: Establish Your Marketing Budget

Your marketing budget is the amount of money you’re willing to allocate to various platforms so that you can capture the attention of your ideal customer. Don’t confuse this with your overall budget. Allocate as much to marketing as possible and don’t try to cut corners. 

Step 4: Note Who You’re Working With

A business can only be as good as its suppliers sometimes, so make sure you outline who you’re working with. How will you build relationships with each of your key suppliers to ensure a smooth service and perhaps even a better deal in the future? Whether you need delivery logistics or you’re looking at packaging manufacturers, make sure you include your suppliers and partners and information on how they help your business model work. 

Step 5: Include An Operational Improvement Plan

There are many aspects you want to cover in your operational improvement plan. Facilities, equipment, culture, sales, customer satisfaction and more should all be covered. You could even get your team involved in this discussion - see if you can define any ‘quick wins’ to help you improve.

Step 6: Develop A Financial Plan

Now it’s time to analyze your income. When did it come in, where did it come from, and do you think your previous marketing had an impact on it? Having a clear picture of your month on month cash flow throughout the year will allow you to utilize your performance.

Leveling Up Your Small Business

Running a small business is notoriously challenging. It takes commitment and a lot of hard work to get off the ground, and from there, the difficulties multiply. For most small enterprises, finding their feet in the middle-ground of the marketplace is a significant achievement, especially when we consider the statistics. 

Failure rates for small businesses are staggering:

  • 20% fail in their first year.

  • 30% fail in their second year.

  • 50% fail within five years.

  • 70% fail within ten years.

These failures are down to a myriad of reasons. Many become owner dependent, leading to a poor delegation of tasks or burn out. Other businesses fail to budget efficiently and go bust. The list of challenges facing small businesses is endless, and so, failure is common.

It’s important to note that amongst the failures, there are even more successes. Small businesses can thrive. Adaptability is critical, and stagnation should be avoided at all costs. Small business owners can’t afford to get comfortable and should frequently consider the possibility of pushing their company to the next level. 

With this in mind, here are 10 ways of leveling up your small business.

Expand your client base

Many small businesses fall into the trap of relying on a small core customer base. Although these clients should be valued, they shouldn’t be relied on. A more extensive customer base is the first step in leveling up a business. More customers mean more sales, reach, recognition, and opportunity for growth. 

Establish your target market and reach them through your marketing channels.

Get analytical

Analytics can be used to spot strengths, weaknesses, problems, and opportunities in businesses. Data should be at the forefront of all decision making, whether it’s to do with social media posting or major investment. 

If your business is ignoring the data, you’re in danger of falling behind. Use analytics when and where possible. 

Install cybersecurity

More and more of our data and information is stored on computer programs, mobile apps, and the cloud. This makes them highly vulnerable to cyber theft.

Small business owners may not be aware that they are potential targets of cybercriminals. Fortunately, there is reliable technology available that helps prevent cyber theft. Protect yourself, your businesses, and your customers by taking responsibility for your company’s cybersecurity.

Use social media the right way

Social media has come a long way in business. It is a crucial marketing tool and an essential communication vessel. All companies should have a content calendar that is well organized and managed. Quality content is a must. Posts should be varied, and hard selling should be avoided.

Don’t ignore the phone

In the social media age, people are ignoring a useful phone-based marketing avenue - phone calls, SMS messaging, and voicemails. These are direct marketing tools that have a high rate of engagement. However, this straightforward approach must be made professionally.

Services like Call Cowboy Business Dialing Platform provide packages that help streamline direct communication systems like calls, messaging, and voicemails in a professional and organized way.

Time management

Many small businesses are run by one or two people. With heavy workloads, they tend to focus on the areas where they are most proficient. Being more diligent with time management can help to get on top of all aspects of the business. 

The 60/20/20 principle recommends allocating 60% of your time to core tasks, 20% to planning, and 20% to strategizing. This forces your hand to look beyond the everyday struggle and allows for future thinking.

Delegate

A trait of a good leader is that they trust in their subordinates and delegate specific tasks to them. Many businesses over-rely on owners or managers, spreading them too thin. This is detrimental to an organization. Owners or managers should consider delegating responsibility to other employees. 

If there aren’t enough employees, perhaps it’s time to take on some new ones.

Get customer feedback

Nothing can help you level up your business, like getting feedback from your customers. Remember that 100 percent of your sales are to your customers, so their opinion is important. Create an online survey, an e-mail campaign, or simply ask for their two cents. Take their views on board and consider acting on them.

Set bigger goals

Something that holds many small businesses back is a tendency to settle for where they are. If your goals are small and don’t involve growth, then a lack of growth is inevitable. 

Ask for help

Running a small business is challenging enough; don’t make it harder by taking all decisions on your own. Join a local business network, reach out to friends and family, seek advice from consultants, or approach companies that inspire you. There are experts out there who are happy to talk and give you advice for free. You might be surprised at who’s willing to talk to you.

Ensure Your Starting Business Momentum Is Strong

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When preparing before the launch of a big project, ensuring you’re ready for any eventuality is a great idea. However, it’s also important to start strong and jump out of the gate with momentum. For instance, an athlete may prepare as much as she can in training, working hard, stretching carefully, and recovering well, but all of that must inform the action as that starting gun fires, rather than simply prepare for it. There comes a time where all the training turns into guidance as you lay your proper effort down and move forward in the best sense.

But how can you ensure your starting business momentum is strong? After all, it’s unlikely that too many people are aware of your brand before you have launched and marketed it publicly, or it may be that securing the funding to get you started can be harder than it seems. 

Thankfully, there are methods you can take to ensure this process is streamlined, and that starting out is more akin to a graceful glide rather than a churning, aggressive effort. Here’s what that may look like:

Adequate Funding

Adequate funding is important to hold for a variety of obvious reasons, but it’s also essential to have some emergency backup just in case things are slow to start. Think of your business as an off-road vehicle slowly trudging its way through the wastes. Before it can find a smooth paved road and begin a regular cycle of continuous motion, a range of debris, obstacles or slow-starting pursuits must be taken into account first. A small business loan for women may help you add fuel canisters to said vehicle, allowing you to further refuel, resupply, and redirect should things be spluttering or struggling to take form.

Of course, it’s essential to only take out a loan if you have the guaranteed means of repaying it, and so it’s important to factor this into your financial planning. If you can justify it, and you have enough debtors willing to pay by a select date, then this plan could be a fantastic means of providing that cash boost. Additionally, some loans may help an enterprise finally get the wheels turning and off the ground, so it’s essential to consider and curate the potential you’re going for.

Absolute Clarity In Presentation

Finding clarity in your presentation is important before any business launch, because not only do you hope for potential customers to digest who you are, but what you do in a matter of minutes at most.

This means using outsourced professionals to provide you with the best marketing copy, using outreach services such as SEO-ready content houses, as well as planning your social media following approach and post content can be a great idea. Dripfeeding can sometimes be a preferable development when launching, as it’s important to generate hype. However, do not overly rely on this, because most people do not wish to read a fifty-page thesis just to become aware of the new product or business in town. It’s your job to seek out a new audience in an active setting, and it’s impossible to do that without absolute clarity in presentation.

For instance, consider a new snack product launching in a supermarket. The owners decide to provide samples of the product for free to those conducting their weekly grocery shop. Due to how new the product is, and the vegan ethos behind it, an untrained or unrefined employee offering the taste test may give overblown descriptions of what the foodstuff is before giving it out. Would you take a sample of something that cannot be described in a sentence or two and then put that in your body? Likely not. This example emphasizes that to build trust, you have to have absolute confidence in your idea, and absolute confidence often translates to (and is impressed by) surety, brevity, and routine clarity.

Hiring Perfection

It’s important to hire well when developing your services in the best possible context. Stocking your ranks with bodies is not as important as gaining staff that is skilled in what they do, at least initially, as they will provide the driving ingenuity of your firm. Additionally, hiring perfection is determined by how easily you can indoctrinate them to your ecosystem of workflow, or the particulars of their working environment.

A benefits and package policy, HR policy adjustment, and other contractual considerations should also be taken into account if hoping to hire and curate the best skill sets within your firm. If you can do that, you’ll be sure to notice just how satisfied and skilled newcomers to your firm will be, especially aided by a carefully calibrated interview process. Remember that as a new enterprise hoping to start strong with stellar momentum, sometimes it’s about aggressively recruiting and becoming appealing to a wide array of professional skillsets rather than holding your cards close to your chest and shoo’ing many worthy candidates in hope of finding the perfect one.

Learning, Refining, Improving

Prepare to be humbled, because you will be. A business is not akin to an art form, in that multiple viewpoints and perspectives are important, but the perspective of the artist often holds the most fruit. If your business isn’t working, it doesn’t matter how sure of the idea you may be. This is where (even during bouts of success), learning to listen, refine and improve is an essential part of your offering.

Perhaps your product is perfect, but your audience is having trouble paying through your third-party payment processors on your website. Turning to PayPal or refining your payment and privacy policy to support direct card purchases (which also adds an air of legitimacy) can be important. Shifting and developing as a firm means always identifying your best forward point, and then using your best-curated wisdom and intelligence to make that a reality, not only covering symptoms but address the source of all issues.

With this advice, we hope you can ensure your starting business momentum is as strong as it can be.

Top Things Your Business Needs To Succeed

Financial and operational success are two of the most important goals for any business owner. You don’t put your time, money, and sanity into a business idea with the hope that it will be a failure, right? Well, that means that you need to get your head down and start to consider the things that your business needs the most to be well received by the audience you’re aiming for, despite how boring and laborious those tasks may be.

You want a solid business foundation, a strong support system, effective marketing campaigns, and a superior IT strategy to ensure that you can input the ideas that mean the most to you and your business bottom-line. So, that means that you need to know exactly what will make sense for your business to be a successful one and thrive in the future. With that in mind, let’s take a closer look at the items things that your new business needs to grow and succeed.

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Cash on Hand. Let’s be honest, without hard cash or some type of financial reserve, you’re not getting anywhere fast! A lot of small business owners fail at money management, though, so while it feels like something that should be common sense, you’d be surprised at how many entrepreneurs aren't sorting and spending their business funds properly. In many instances, they spend more than they earn and lack a fundamental understanding of bookkeeping and how to balance a budget. So the lesson here is to know what your finance options are, and make sure that you are always prepared for challenges or economic downturns. Keeping at least $5K in reserve in the bank can help weather unpredictable challenges.

Marketing Strategy. When it comes to investing in marketing, digital advertising, PR, or social media strategy development and execution, most small business owners and entrepreneurs view it as another expense or something that they’ll only invest in when they get time, or after they’ve launched other important initiatives. However, for your business to stand out against your competition and build your brand, you need to invest in a diverse array of marketing activities. Marketing can be complex and difficult if you don’t have the skills, knowledge, or experience to develop and implement such strategies.

Fortunately, you don’t have to do it alone. You can partner with a digital marketing agency or publicity firm that will help guide you throughout your marketing journey. A strong agency partner will develop your short and long-term strategies and execute those tactics. This means that you’ll still have enough time to handle the other essential business processes and operations. As an aside note, we usually tell clients they should allocate seven percent of their net revenue to spend on marketing for the year.

Strong and Supportive Staff. You may be the brains and leader of the operation, but without knowledgeable and experienced staff, your business is not going anywhere. You need people—good people at that—to help you to run each department of your business. You cannot be successful without a strong team working in the right positions, and so you need to take the time to interview the right candidates. Once you determine right people for the right positions and onboard them, then, you need to support them in any way they need! You also need to think outside the box and outsource some of your tasks to experts, and you can see more information here about who you could need. It’s important to research your options so that you get the best of the best every single time.

The Right Tools and Equipment. You cannot operate successfully without the right equipment, resources, and tools, so take as much advice as possible about what you need in terms of technology, furniture, marketing materials, and everything else that your business could require to keep running and growing. Conducting the right research is key, and you can be ahead of the game simply by knowing you are using the right tools to run your business correctly. Don’t be fooled that all you need is a laptop and yourself—it’s so much more than that! This is especially true if you’re selling products as you need to maintain inventory, fulfillment, and many other operations.

Excellent Mentors and Coaches. Your staff is an excellent support system for you—you know that already, but starting and running a business is HARD work. You need cheerleaders—a strong support structure to keep YOU motivated and inspired to weather the tough and unpredictable times. Every business experiences it.

While you’re over there motivating everyone else on your team, you need to ensure that you also have the motivation to keep going yourself. Don’t be fooled about what you think you may need, and instead invest in what you know you will need. Personal cheerleaders are a must, but maybe with fewer pom-poms.

Your business can be a success if you’re focused and input what you need the most. Don’t be afraid!