Posts Tagged ‘grow’

How To Start A New Business That Offers More For Less

Thursday, October 14th, 2010

I’m confused by the question. Are you hoping to find a mentor that will come beside you and show you exactly what to do to start a new business? Maybe you’re looking for a business opportunity that comes with some clear instructions and/or a mentor to guide you along?

I have started a number of new businesses through the years, so perhaps I can give you some insight as to how you can also start a new business yourself. Some businesses you can spend very little to get started, while others will cost tens of thousands.

Lets ask some questions How much money are you willing to invest? This is a fair question. If you are hoping to find a business that makes you a living, chances are you will need to invest some money. You may not want to hear that, but you know it’s the truth. Lets come back to this later and see if there are new business opportunities that require less up front investment.

A new business requires your time. Sure you are going to find a number of opportunities that will promise a few hours a week of your time, but if you really want to start a new business that will grow, and grow strong, you will need to invest your time to build a strong foundation. Try to get around this and your business will fail.

Who are your customers? Do you want to start a new business that you love, of course! But if there is a limited client base? I don’t recommend it. Or, do you want a new business that has millions of client potential? Simply asked, do you want a business that makes a little money or a lot of money?

You can tell I am guiding you down a specific road can’t you? Let me ask you this question… Do you think that every sales person selling products and services, love and believe in their product or service? They should.

Years ago I worked at a tool and die plant. I walked into the office one day and heard a hardy laugh to my left. Ben was just off the phone and couldn’t contain himself. He said, “I just got off the phone with a guy who was telling me that I really need his product. I asked him what company he worked for and he couldn’t remember.” Everyone needs to start somewhere, you can bet the fellow found the company name before his next call.

When starting a new business, you better believe in your company, and proud to put your name on it. Let that sink in. There is a lot of junk, and it doesn’t take much to spot them. Cash images in the page header, fast and beautiful cars… These businesses are working on your emotions and greed. I’m certainly not against the finer things in life, but if that is the foundation of your business, it is going to fail.

If flashy websites are what it takes to get you to sign up, then flashy websites will be what you have to use to sell to the next person. Be careful.

If you really want to know how to start a new business, you first need to have a business to start. So lets look at that.

I grew up in the construction industry. My father and brothers were all into home building, and on the side before I went full time, I designed house plans. I later also went into home building and built a number of million dollar homes on the Lake Michigan shoreline.

Along with these businesses came employees, liability insurance and huge overhead costs. There is always that occasional unhappy customer that doesn’t pay, and quit frankly, the thing you were passionate about, is now your nightmare. You know what? That is business.

Or is it? Is there another way to start a new business without all these expenses? Yes!

You don’t even know it, but you are a part of one of the businesses that I am very proud of. You see, one of the businesses that I enjoy the most is getting the word out to people just like you. I enjoy writing to let people know who are interested in starting a new business that promoting this company is as simple as writing an article, which by the way happens to be free, and you’re reading it.

Do you think you could write an article like this to tell others about what you found and believe in? If yes, then you can start a new business today.

I lost you didn’t I? What is a business? Business is the transaction of services between two or more people or entities. You have something to sell that someone else wants to buy. It is as simple as that. The next question is what you have to sell, and who would want to buy it.

What do you want? What are you looking for? Would you believe me if I said, join XYZ company, sell widgets, you’re in business… No.

The business I want to introduce you to is CarbonCopyPRO. An Internet marketing company that uses marketing such as article writing as one of many marketing avenues to promote the wealth education services by Wealth Master International. If you want to learn more about a company that I am very impressed with and proud to add my name to, click on the link at the bottom.

But your question was, how to start a new business. So that is what I am answering. Do you really want to sell health products or cell phone gadgets? I don’t! People selling health products do not really care about or want to sell health products. Not really. They want to sell the system, that is where they make their money… The system.

CarbonCopyPRO is a marketing system that promotes an educational service that teaches you and others over time how to build real and lasting wealth. I don’t know how to say it any simpler than that. In the years ahead, you will be taught by millionaires and billionaires how to invest your money like the rich and famous do.

The rich are not interested in buying and selling health products or cell phones. They are interested in Real Estate, stocks, bonds and other money leveraging commodities.

However, CarbonCopyPRO is the marketing avenue that can take a person like yourself, with an investment of less than $50 to check it out, and only $395 to join and will teach you everything you need to know on how to start and grow a new business that in time through the education of the wealthy expand into much more. Nothing on earth comes close to what is offered in a business. And it’s guaranteed or you get your money back.

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Top 5 Mistakes That New Business Owners Make and How to Overcome Them

Thursday, August 5th, 2010

If you’re thinking of starting your own small business, then I can assure you that you have every chance of becoming successful. However, your chances could be seriously jeopardized by making one of the mistakes most new small business owners’ make.

Don’t for one moment think that the success of your business depends on its size. Rather it is your ability to successfully create and execute strategies that will attract, keep and expand your customer base that will significantly impact the success of your business.

Discover the usual mistakes most new business owners make and determine not to repeat any of them with your business.

5 Common Mistakes Made by New Business Owners

1. Focusing on Non-Critical Tasks

Many new business owners sometimes come from a 9-5 setting where they are used to doing a set agenda of tasks throughout the day. These tasks while useful are not the driving force behind the success of the business they worked for. Unfortunately, when they cross over to being a business owner, they give more importance to daily tasks that are not critical to the growth of their business.

2. Not Counting the Cost

Some new business owners seriously under-estimate the requirements of running a full time business. These include implementing systems that can run without your presence, keeping staff morale high, finding and keeping new customers, dealing with conflict between your staff members, balancing your accounts etc and the list goes on and on. Sit down before you start your business and write down every process or task you will have to do. This is not an excuse to procrastinate launching your business but rather an exercise to make you aware of the challenges you might encounter down the road.

3. Not Setting Systems in Place

Even though you might start your business as a one-man show, you should always have your eye on a day when the business will grow. If you have a great service or product and have a regular clientele that are happy, then your business will surely grow. However, growth for some businesses comes too soon as they are ill prepared for the pressures and commitments that come with expansion. Systemize everything you do, so that when you are not around, your staff members can maintain the standards that you already have in place.

4. Not Rewarding Yourself

This does not necessarily have to be monetary but you must have a way to reward yourself for all the hard work you put into your business. Being a small business owner can be a lonely atmosphere to inhabit. Therefore you need to make your sweat, money and time equity count by providing yourself a reasonable form of compensation on a regular basis.

5. Not having a Good Work-Life Balance

Having a business should not be an excuse for ignoring your marriage, family and the important relationships in your life. The truth is that if you include your family in your daily and weekly agenda, they will ultimately support you in your business and give you the encouragement to keep moving on those lonely nights you feel like quitting.

There is no reason why you should make any of the mistakes listed above. Countless business owners have made these mistakes and paid dearly for them. You don’t have to be a part of the negative statistics. I would to share more tips and advice on how you can grow your small business into an entity you can be proud of.

M.D. Chuka has several online businesses and has had his fair share of successes and failures. Click on the link below to join his mailing list and receive more insightful tips and advice.

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Business Coach Shows Business Owners How To 'let-go' Of Their Business – And Let Their Employees Run It

Thursday, June 17th, 2010

By Casey Gollan

Okay, so you want to move out of the day to day running of the business – and you know that you have to ‘let-go’ of certain jobs to let your employees run your business.

I understand that contemplating this is very scary for most business owners.

Rest assured even for the best business owners, going through this phase can be a little challenging at times – yet the rewards of doing it far outweigh not letting go.

I guess you’re wondering how you can possibly rely on your staff to run your business the way you want, and expect, it to be run.

Here’s the key.

Your staff must be up to it.

And for them to be ‘up-to-it’ there are a few things that you need to have in place…

So let’s get into it…

Most business owners start their business doing ‘everything’ yet as the business grows they come to the realization that they can’t do everything anymore.

It just isn’t possible.

Yet it can be pretty scary handing things over to someone else to do.

Because you’ve done it so well, you may be thinking “what if the person stuffs it up”… or what if they don’t do it as well as you do it?

What will your customers think?

After all, you know all the hard work you’ve done to grow your business to this point – so you definitely don’t want anyone to stuff it up now!

This is especially the case if the business isn’t making great money. In fact that’s probably the most difficult time to ‘let-go’.

The thing that bugs most business owners that are in this position is this…

You know that to grow you’ve got to let go, but in letting go you’ve got to pay someone to do it, and if they stuff it up it’ll cost you money…

And you don’t want to lose money. And you don’t want your ‘baby’, your business to suffer.

It’s certainly an emotional time.

And because most business owners tend to be ‘control freaks’ and it can be hard letting go of the ‘control’.

Can you relate to that?

Well here’s the great thing…

… You don’t have to let go of the ‘control’

That’s right – you don’t have to let go of the ‘control’

… You just need to learn new skills that can help you ‘keep control’ when you have people working with you.

In fact I can show you how to have even more control over your business than you have right now… with the new skills and the new systems that I can teach you to put into your business – in just a few weeks, or months time – depending on your situation – you can ‘let go’ and at the same time gain more control

Is that something that would be of benefit to you?

Well let’s talk about it…

You see, when you ‘let go’ to enable someone else to do a job for you – you’re probably wanting to know a few things.

1. That they can do a great job

2. That they will do a great job

3. That the money you’re spending on them will pay off

4. And that they’ll continue to do a great job, without you having to continually check up on them.

So to help achieve these 4 things lets go through them.

Now – it’s going to sound really simple. The truth always is simple.

And that’s how I get a million or more in growth for the clients I work with…

# 1 – You want to know that they can do a great job.

To ease your mind on this, make sure you recruit someone with the right skills and test them on it so that they are up to your standard. If they aren’t, train them up, or get someone new. Simple – the key there is that you must have a great recruitment system – I’ll talk more about this in an upcoming business growth article.

#2. – That they will do a great job.

If you’ve followed a top notch recruitment system like the one I teach my clients – rest assured your employee will most definitely have the skill set… and they’ll also exceed another four key criteria that you must take every employee through.

If they you have done that – the employ will do what you require.

If they can’t you either train them up, or trade them out and get someone new that can do it.

#3. – You’ll want to know that the money you’re spending on them will pay off.

How will you know and measure this?

Well, once again, a top notch recruitment system is crucial for your employee to be able to breeze through this step. Let’s assume you’re following my recruitment system.

And you’re also following my recommendations on having key performance indicators so that you know exactly what returns you’re getting from each employee.

Now for any employee, you can put them on for a trial period. So trial them to make sure you’re getting your moneys worth.

If they’re not up to scratch train them up, or trade them for someone new.

#4. – You’ll want to know that they’ll continue to do a great job, without you having to continually check up on them.

Well, if you follow my recruiting system, my behaviour test method, and set up your business with 3 crucial elements to attract the right people … you’ll be home and hosed.

As well as the 3 key things I’ve just mentioned – there’s one key element that brings all 3 together – and if works brilliantly. Yet I reserve that especially for my 1-on-1 clients.

When you combine all 4 you can successfully let go seemingly effortlessly.

Be warned though…

Once you find a good person, they’ll fly through all your old jobs in just a matter of hours… the same jobs that used to take you weeks to do!

If you’ve ever hired someone good, you’ll know what I mean.

At this point you’ll have a new fear… which will be.

‘Can I bring in enough work to keep this person busy?’

Well that’s what I work with my clients on, growing your business to keep them busy!

It’ll force you to grow… and if you don’t you’ll lose money.

So it’s a lot of responsibility.

You need to look at the impact ‘letting go’ can have on your business.

All of a sudden, if you do it right – your business can lunge forward. Or if you do it wrong – it can drive you down.

Look at things like the impact of the extra wages you’ll be paying and work out your weekly, monthly and annual financial’s to calculate your new break evens and how much more you need to bring in so that the business will make a profit on employees working for you.

As well, figure out your marketing to bring in the additional business to coincide with their employment so that the business can be profitable and cash flow positive every step of the way.

Sound daunting?

Well that’s fine, that’s where I help my clients in my 1-on-1 business coaching program. And that’s how they can grow and keep profitable, and cash flow positive.

I have successfully stepped dozens and dozens of business owners through this phase so that they can grow their business.

I go through all the situations t

hat may occur when you ‘let go’ and we plan and prepare you for it – so that if any of the situations arise, are prepared for it, and you deal with it effectively and efficiently.

Thus saving inordinate amounts of time, money and of course any emotional heart ache, and or stress. You’ll thank me for this!

You can let go when you have reliable employees.

We look at the impact of it.

The business owners were excited because they now had someone that could reliably do the tasks (and in most cases the new person could do it better)… now that they had let go they had more free time… so they had to go and grow the business.

When you do let go – you have no more excuses- it’s now up to you to grow the business – which is what you always wanted and that can be daunting… because everyone does it in a fraction of the time – now you have to create work to keep them busy – and that is scary.

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