|Small Business Information|
A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs
Before you start a business we encourage you to prepare a business plan. Without it your business has a 92% chance of failing within the first 12 months. Sometimes your business plan tells you that you should not go into business at all!
Sometimes we encourage you to think seriously before you decide to go ahead with a risky business. But we always encourage the preparation of a business plan.
If you use a professional to assist, the fee can be between $3,000 and $10,000. Or you can purchase off-the-shelf plans that give you the form and you do the research for information to fill in the 'blanks'. Either way, it will take at least three weeks for you to come up with the completed plan and normally much longer.
So the chief reason is that you probably don't have $3,000 to $10,000 for the professional. If your business is struggling it's probably got very little money to pay existing creditors without incurring further expense with no immediate return.
Another problem is that you will definitely not have the time to prepare one. You need something done now, not in three weeks or more time.
What is your biggest hassle? Is it creditors ringing? Do you hate to answer the phone? Could you get on with some productive work if only they would leave you alone? After all, they know you are a good person and would pay if you could. Don't they?
Then let's focus on this. There are strategies to take all that pain away and your professional CPA knows them.
At one seminar a participant said that her accountant knew all the right answers but she did not know the right questions. By the time she found at what she should have done it was too late and did not matter anymore.
That's not good enough.
Consider the thousands of small firms that fail each year and note that 99% of them were being advised by professional accountants. It's obvious that the accounting profession generally has failed small business.
Find one who can and will help you. One that will stand in the background ready to advise when you face those business problems. An accountant should really make a difference in your business life.
Do you need more sales? Would things be easier then? Let your CPA show you some simple low-cost marketing tactics to work on that problem.
Your problem may not be lack of sales. Extra sales may even put you into a worse situation. I was called in to rescue a printer which was kept so busy with sales they couldn't keep up. But their debtors were so slow in paying that the more sales they made the worse their cash position became.
What about staff? Are they a pain? It's probably because the boss is a pain at the moment.
The point I am making is that rather than a plan which will bring future results, you need tactics which will bring immediate results. Let's worry about the business plan when we know the business will survive.
If you think nothing can be done. If you think it's all too late. You are wrong! There is always something that can make things better.
You just need a little help. You will find it at http://www.profitstrategies4business.com
Kelvyn Peters is one of Australia's longest serving Tax Agents. Kelvyn was registered in February 1962. He is a director of Restaurant Catering Qld Inc the peak employer representative in Queensland, and advised the hospitality industry for many years. His speciality is moving in to rescue ailing restaurants.
Kelvyn Peters CPA has spent over 20 years experimenting and researching methods to help small business in meaningful ways that are affordable.
Kelvyn and his associates have perfected it with their local clients now they are going global. http://www.profitstrategies4business.com
ADH Will Make Your Life More Productive & Your Life More Profitable
What is a Virtual Assistant?
Building Your Business for Success in 2005
It's a strange anomaly.
6 of 1, Half Dozen of the Other
Motivational author and speaker Jim Rohn says that for a business to succeed it takes about ahalf dozen things. Of all the millions of things you do, it's really that half dozen that count.
Take a Break - Have a Pity Party
Pity parties are nothing new. In fact, we do it all the time and I'm guessing that you probably go to many... you know, you get together with some friends and you'll bemoan the state of your industry. No one understands what we do and how we can help them. Companies are always spending less and less on the services I have to offer. I only get called in to sort things out when it's too late. Then they expect me to work miracles. Why don't people plan ahead?
How to Manage Your Pipeline
How is your pipeline structured?
How To Choose A Franchise
You'd like to go into business for yourself, and believe that the best way for you to become your own boss is to buy a franchise. You know it will takes time and money to be successful, and that's OK. But which franchise should you buy? Which makes the most sense for you?
How Your Habits Control Your Small Business Success
Habit: A consistent behavior you perform so frequently that it is automatic.
Keep TRACK of your Business Relationships and Gain Profits
How do you know when an alliance needs to be monitored and tracked?
Is Your Business Legally Prepared?
It is imperative to have your business legally prepared. How you ask? You need to have a business license, a home occupation license, if running your business from home, a city or county license, (depending on what State you live) plus you need to register your business as fictious if you are not using your name as a business. For instance, If John Doe has a business name as John Doe's Grooming Parlor, a fictious name isn't necessary.
Incorporating a Small Business: S corporations versus C corporations
If you've been considering incorporating your small business, you've probably been confused about the difference between S and C corporations.
Boat Detailers; Add-on Products and Services
As a Boat Detailing Specialist, you may want to offer services such as making sure your clients' boat's batteries are charged and offering to charge them or test the boat before they arrive for their departure. This is an easy service to provide and will keep you on the top of the boat owners list of reputable and reliable service companies. Battery Chargers can be purchased at:
How to Handle Rejection When You Start an Office Cleaning Business
"If at first you don't succeed, then skydiving definitely isn't for you."
Success Tips for Small Business Owners
Running a small business requires many skills. However, to do this successfully you need to organize yourself first. Avoid procrastination - read the following and take action.
More Business Card Uses
Why would you use an event pass?
How to Profit from a Concrete Roof Tile Business
Concrete Roof Tile Business: During the 2004 summer season, storms plagued the United States. Damages from the Hurricanes in Florida alone sent resources in the southern states scrambling. The shortage of qualified roofing professionals and supplies were felt immediately. Roofers from all over the United States began hunting down supplies and heading south. There were also many people who saw a roofing business opportunity and invested in roof tile businesses.
Boat Hull Cleaning Procedures for Owners and Detailers
For really tough boat hull cleaning you will need to break out the acid. Muratic acid is the best for this. You'll want to have a 50/50 mix of muratic acid of 6-8% concentrated (12% is the highest concentration you can legally buy over the counter), water and a good strong sprayer. You can purchase muratic acid at Wal*Mart, K-Mart, Pool Supply Stores, Home Depot, Lowe's, Van Waters and Rogers Chemicals. Sears Craftsman makes a nice strong sprayer or try a local store for another brand of commercial pump-up sprayer.
A Great Logo Is A Marketing Must-Have. But Is It Affordable For Small Business Owners?
And is having a logo really that important?
Uncover Free Veins Of Gold By Prospecting Online Guru Newsletters (Part 1 of 2)
Incredible as it sounds, you have a goldmine of free business advice and resources available to you for starting an online business. Many entrepreneurs are taking advantage of the unbelievable opportunity of financial independence by starting an Internet business.
Hiring A Virtual Assistant Can Help Your Business Grow
Are you a home or small business owner and you're Webmaster, receptionist, and assistant all in one, but you've found that there isn't enough time in the day to complete all of these administrative tasks? A "Virtual Assistant" could be your answer.
Internships: Good for Everyone
Many job applicants want a job but often do not have the prerequisite experience, experience that they can only have by getting a job. Managers who take the chance and hire them may have to spend considerable time and effort training them, only to find the new recruits unsuitable or unhappy with the jobs and looking for employment elsewhere. One way around this problem for many organizations is an internship program. For professionals in career transition as well as students and recent graduates, such programs provide working experience that otherwise would never be supplied to someone interested in a specific field.
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