Did you ever complained to a business owner is a product or service exceeded expectations? How about returning the product because it performed better than advertised? Sent a letter to the Better Business Bureau because the company was not cheating you?
Of course not.
As a small business owner the one thing people will never complain about is under promising and over delivering. A customer may complain about color, style, shape or even price but if you always offer excellence you would build your business’s reputation and thus increase your business’s bottom line. A quality product or service may not be what every consumer in your industry is looking to purchase and you will usually not get that person to shop with you and that is perfectly fine.
There are outlets for that client and those outlets are legitimate Continue reading Why Excellence in Business is A Must!
Whew! Now that 2013 has officially come to a close it is time to kick your entrepreneurial spirit into high gear for 2014! Staying ahead of small business trends can be a tough task if a self-employed individual is unwilling to sharpen his or her skill set regularly. Here are three ways entrepreneurs can innovate this year:
Become a Social Media Influencer, not a Social Media Junkie.
Spending time creating tweets and like-ing Facebook pages can only market a business so far. To achieve greatness, entrepreneurs must become social media influencers. Shrewd social media enthusiasts understand to make an online impression, he or she must participate in conversations not just release information out into the wide blue social yonder.
Reply to fellow Tweeters with insightful commentary relevant to your market niche.
Don’t just pin for the sake of pinning, add your thoughts and comments to the image.
Make your Facebook page work for you, add widgets and links back to your Continue reading Top 3 Small Business Goals of 2014 to Stay Ahead of Trends
Late-night TV brings out some interesting and now those TV commercials are permeating the daytime airwaves as well. The particular kind of late-night television commercial is the one that touts a vocational school, a technical school or a can’t miss business opportunity. The schools tell you that they will train you for a particular job such as a motorcycle mechanic, computer repair person or perhaps how to become a welder. The small business opportunities that you see on late-night television are usually real estate related, a perfect business that anyone can make money in, or any other variety of sure thing in the business opportunity world.
I’m not going to disparage or endorse into the schooling or the business opportunities. I’m just going to give you some advice if you think that becoming students of one of those schools or investing in one of those business opportunities or business opportunity books is good or bad based on my experience as well as my research.
When considering a school that will teach her how to do a particular job, you want to look for a few things and compare some of them to what it would take to achieve the same result if you rely on the typical on-the-job training one would get as opposed to a full complement of schooling. Going to school full time costs more than just a tuition, it also costs the money you don’t earn while in school so the economic factor is multifold and not one-dimensional. Schools that teach mission critical skills are important and may be the best option despite a fairly high costs for the tuition as well as the ancillary expenses.
First on the block you want to see the end result of the education. Examine Continue reading Late-Night TV Business Opportunities
Something is saved me and many others a whole lot of money was failing and failing fast. The faster you fail when you launch new business, product or service, the faster you stop leaking oil and stops spending to keep that particular move from putting a hurt on your wallet.
Many times a businessperson would get ahead that what they have is a “can’t miss deal” and will throw money after money after that idea. That often turns into throwing good money after bad. He may have done the proper research, did surveys and studies, checked online and even hired an outside firm to make sure that what they were about to embark upon the work and yet is still a business failure. Sometimes that happens and has happened more than you would expect and will happen again in the future.
New business launches are often an art and not a science.
Knowing you can and will fail at times, you need to know when to throw in the towel because if you do not throw in the towel at some point, you may have to wear that towel because you would end up and Continue reading Smart Business People Fail Fast
The old axiom that you do not make money when you sell rather when you buy is very true in one way to make sure your business is in the black is to negotiate properly. Before you get to the negotiation table you want to work out a few things in your mind.
The first thing you need to consider is your bottom line. If you do not have a line in the sand drawn in your mind will not be prepared to present and defend your case with the proper convictions. Be prepared to walk if things are going to cross that line in the sand and be prepared with a plan B if such an event happens. Remember, your goal is for your business to be profitable siege I can emotionally charged during the negotiation process and forget when the bottom line position is.
When drawing that line in the sand be realistic in your expectations. Odds are you’ll not be able to purchase something you need for your business at 50% below market value. That would be unrealistic goal to set as your standard in most situations and will blow your goals out of the water. Study the landscape and see what the worldis offering and try to improve on that was not only your price but terms as well. Also remember that you may need to go back to the seller time and time again if this Continue reading Proper negotiating business can make you money