|Small Business Information|
Entrepreneur to Employer
You make the decision to go into business and for some time work from home or in leased premises and your business starts to grow.
Like all businesses you experience growing pains. Cash Flow is sometimes tight, customers come in ebbs and flows but you continue to make progress.
You win a few major contracts and at the back of your mind you realise you need to make some important decisions for the future.
Your hours at work have been steadily increasing and the reason you went into business, lifestyle, more time with the children, sport, or whatever your passion is, these important parts of your life have been dropping off lately and you find yourself getting resentful. Take control!
So how do you make the jump from entrepreneur to employer?
Employing someone in your business for the first time brings with it obligations and responsibilities. It is exciting, has possibilities and can result in considerable reward! Do your planning and sums first before making the leap.
Some responsibilities you need to consider are;
1. Cash Flow
1. Cash Flow
2. Work Flow
3. Business Plan, Mission & Value Statements
4. Federal & State Employment Laws
5. Workplace Health & Safety
8. Business cards marketing, office supplies
9. Assets and Equipment
10. Your personal stress tolerances
Take advice sooner than later and be encouraged. Many others have trod the same path and succeeded.
Finally employing someone is exciting and while there are challenges there are opportunities. Sales, Profit and more time for you can become a possibility and reality.
Just do your sums and plan your opportunity with eyes open.
Biz Momentum has helped a number of businesses with their transition to employer status. Speak to us today to see what we can do for you! WE can be your one stop shop.
Visit www.biz-momentum.com for other free helpful small business articles. For further information email firstname.lastname@example.org
Philip Lye is Director of Biz Momentum, Brisbane, Australia. He is a Certified Professional Human Resources Advisor and an Accountant. Biz Momentum provides strategic human resource management and employee relations advice to small to medium enterprises assisting them to grow their business. Training, Coaching, Consultation is practical and immediately actionable into your business. Biz Momentum undertakes international work and business coaching. See http://www.biz-momentum.com for more helpful articles or email Philip at email@example.com for assistance
Postcard Marketing Your Small Business
One of the best marketing strategies a business or organization can use is postcards. Even before the arrival of online postcard printing and mailing services, postcards had a good reputation amongst guerilla marketers because:
Business Success - The 42 Greatest Business Tips
What does it take to grow a business and run it successfully? The main ingredient is attention to the basics, operating with integrity and following the way other successful people have run their operations.
Franchise Territories are Generally Delineated On a Map; Why?
If you own a mobile service or home based franchise your exclusive territory will be delineated on a map in the attachment of your franchise agreement. You will be assigned generally a single city, county or region and another franchisee or team member of the same system will not compete with your although may be right around the corner. You will only drive or be required to service clients as far as your exclusive territory boundaries. Unless of course there is no franchisee in the next city over, then might be willing to temporarily expand your market region if it is okay with the franchisor. You may go to that city periodically for special people or special clients that have needs of services. This is why we have exclusive territories in the franchising industry.
So What? How to Elicit Benefits from Features
"So what?" is a lovely question.
Franchise Company Operations Manual Sample Outline
Many companies wish to expand and a few wish to use franchising as a method of expansion. Not a bad idea, but one must consider the importance of the fine details. One book I recommend you read is the "E-Myth" by Gerber it is available at all the usual places. You see when going from a small business to a franchise company it is important to make sure you take out all the mistakes you have made in the past in building your small business and insure that your future franchisees never make those mistakes themselves. After all they need not go thru the rigorous minefields and brick walls you had to in order to be successful. Especially considering you will most likely be charging them a substantial upfront franchise fee.
Growing Your Small Business Through Alliances and Joint Ventures
-- Beyond Cold Calling, "Warm" Calling and Sending E-mails --
Business Debt Collection Letter Writing Secrets
Debt collection letters--an overview
Franchisor Prospect Checklist Sample Form
Due to the over regulation in the Franchising Industry and the litigation it is important to keep impeccable records. From the first phone call, email to the signing of the franchise agreement everything should be documented. Below is a checklist we created for our franchise company and one I wish you would consider when creating your own. I recommend you copy this article and then modify it to fit your business model.
Choosing A Business Thats Right For You
Q: I really want to start my own business, but I have no idea what business would be best suited for me. I'm also eager to get started, but I don't want to pick the wrong business just because I'm impatient. How should I go about deciding what business would be best for me? -- Samuel J.
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.
Reaping the Rewards of Cost Cutting
In these days of insecurity and uncertain futures, the tendency is to manage for survival but the smart business leaders are actively hunting for profits.
Franchise Buyers Lying On Forms
The Federal Trade Commission which governs the franchise industry thru the franchise rule, which enforces Franchise Disclosure laws seems to think that consumers need to be protected even when they lie. Often The FTC takes complaints from consumers who claim they had been ripped off or lied to from someone selling a Biz-OP or some corporation, which sells franchises. The Federal Trade Commission will not admit that at least two-thirds of the incoming complaints are made in falsehood by consumers; as a participant in the industry I can safely say that much misrepresentation comes from the buyers side and not from the sellers.
The Virtual Assistant
As a small business owner, outsourcing work to Virtual Assistants is fast becoming a popular and intelligent decision. The business owner saves enormous amounts of money by cutting the costs of offices and equipment overhead as well as expensive benefits packages.
Top 10 Lessons for Small Business Success - As learned From My Twin 3 Year Olds
Small business success is very similar to learning to walk, talk and spell. The basics have to be understood before moving on to the next step. I am blessed to have twin 3 year old girls in my life and am amazed constantly how much I learn from them on a daily basis. As I watch them run around and explore, I find myself realizing just how much my observations apply to being successful and happy in life and in business.
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.
Small Business - Big Business...Whats the Diff?
Small Business, Big Business ? What's the Diff?
Small Business Server Business Tips
Top 3 Ways to Maximize Your Small Business Server Consulting Profits
Nevada Incorporation: The Advantages of Incorporating in Nevada
Incorporation in Nevada has become an attractive option for savvy business entrepreneurs, and for good reason. Nevada corporations enjoy many benefits just not available anywhere else. We will not only investigate why this is so, but you will also know what to be aware of when incorporating in Nevada, and how to avoid the most common first-time mistakes.
11 Things Small Business Owners Can Learn From Punxsutawney Phil
1. Look Over Your Shoulder ? Of course, Punxsutawney Phil has to look over his to search for his shadow. You should, too, every so often, to check out your competition?and see whether they're gaining on (or leading) you.
Essex Accountants: Top Things to Look For
One of the most common horrific mistakes a business can make is hiring the wrong accountant. Once hired, it can be very costly to hire a replacement accountant due to the nature of the job which inherently and directly impacts your bottom line. Choosing the right accountant for your business can mean the difference between success and failure. Read on to find out how you can keep from making the same costly mistakes tens of thousands of businesses make every year.
|home | site map|