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10 Incredibly important business basics EVERYONE needs to know BEFORE they start a business!


In my career, I have had a total of 3 businesses myself and a few others where I am in partnerships. Each time you start a business the basics are pretty well the same. Here are 10 things I believe are really important for anyone starting up a business....

1. Don't waste your dollars on things you don't need. This alone is one of the biggest reasons people go under. You simply won't need expensive office equipment, computers, phone systems etc when starting out. You'll be surprised at how well a computer of 2 years will perform in caparison to one that's brand new for triple the price! Be real with your $$$$. The basic here is that if it's not going to make money for you, build or protect your business then simply AND quickly look/walk away so you're not tempted to buy it - extravagance has no place when your starting a business on a budget. If you've got hundreds of thousands to splurge though, forget all of the above and go to point 2!

2. Develop a plan of where you wish for you AND your business to be this time next year. You will need to think about such things as a basic marketing plan to so you know what marketing you need to do to achieve that outcome. Starting and building a business is like building a house without the framework it's bound to crumble. Think of your business plan as your roadmap - without it you don't know where you're headed or how to get there. So take a couple of hours and give it some consideration, if you're serious about developing a successful business then I'm sure you can get serious enough to schedule some time in to do it.

3. Ask and get advise - this is huge! This one factor if not done or acted upon can send you under in a quick way! Ask professionals for help and guidance, they will steer you clear of known traps that you just won't know about starting out (I've learnt this one the hard way!). You don't need to be a hero and do everything, and think of everything, yourself. Hate to tell you this but, when you start out you DON'T know everything ok - so don't embarrass yourself by thinking you do, as the only one you'll fool will be yourself(indeed years down the track I'm still learning something everyday)

4. Make sure your business look is congruent. Have a business name that explains what you do so you're customers are buying or dealing from you rather than trying to figure out what you do. BEFORE you register the name, check that you can also get the website domain for it too. It's a real inconvenience and creates dramas for your customer AND you having to explain it to everyone! Colours, style etc need to be the same throughout your website, stationary, business cards etc

5. Hire right - if you are in the retail sector than hire a people person with personality plus over someone with the skills - you can teach practical skills such as taking money etc - but you can't teach people skills. If you need someone for accounts or admin where they aren't dealing with your customers then obviously the skills are more important.

6. Base your business on how you can add value to your customers. You'd be surprised how your business it will grow by suiting the needs of your 'ideal' client AND looking after them each and every time.

7. Know, understand and keep in contact with clients you WANT to deal with - it will not only make business more pleasurable for you and the clients will love dealing with you as you're always happy etc too - happy clients, more business, more referrals, less money spent on advertising and marketing!

8. Get organised - for goodness sake, NO ONE enjoys being stuffed around by someone always giving excuses for their mess, un-organisation, forgetting to follow through, not implementing, lack of communication, being late etc etc etc - get yourself some solid an effective systems to back you up in business so you can do it right EVERY time.

9. Work WITHIN your budget - never above it. It is disastrous to think "Oh we'll get more money in, it'll be right, or oh such as such is expected to pay this month" etc - it won't be - be conservative in your spend otherwise you will go under before you can blink! Don't sign leases or contracts on anything based on a projected income - you're playing with fire and you'll be busy enough without the stress and pressure of this to add to your lot.

10. Outsource what you're not good at or don't like. I'll admit it I do not enjoy any form of admin - yet I'm a perfectionist and need everything to be systemised so it frees me up to be creative. So instead of learning how to do accounts in MYOB and instead of procrastinating for days on filing etc (after I gave both a go time and again) it was easier, quicker and more productive for me and my business to outsource it to someone who WAS passionate about doing it. Not only do they do it in a fraction of the time - but they do it well because they love doing it!

Of course I could easily keep going on - there's always something you learn in business - however I'm sure these 10 will give you a great place to start...

And one more thing ENJOY what you're doing - if you're not, you're definitely in the wrong game and now is a good time to change careers!

Abundant Success To You!

Rachael Bermingham

http://www.marketingtosuccess.com
http://globalsuccesscommunity.com

This article may be printed in full with author contacts and details - please send your details to info@marketingtosuccess.com if you wish to use for our records.

This article was written by Rachael Bermingham, Australian business woman, international marketing strategist and entrepreneur.


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Mon. July / 06 / 2020
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6 home remedies for mosquito bites to stop your itch and provide relief - Insider  INSIDER

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5 home remedies to treat cold and flu caused by the sudden change in weather  Times of India

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Here are some home remedies to get rid of tanning  NewsBytes

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Home Remedies for Migraine Relief and Prevention | Shape  Shape Magazine

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Home Remedies for Dandruff and Itchy Scalp  Shape Magazine

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Home Remedies For Sore Throat: Try This Simple Ginger-Garlic Drink For Quick Relief  NDTV

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Pearly whites: Simple home remedies for a sparkling white smile  The South African

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Ministry of Ayush shares home remedies to stay safe from flu, other monsoon infections  Times Now

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Home remedies to soothe an upset stomach  Times of India

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Here are some quick and easy home remedies for acne  NewsBytes

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TC Elderberry: Wellness and Home Remedies - 9 & 10 News  9&10 News

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Home Remedies: Ginger-Honey-Pepper-Lemon Water May Help Ease Cold And Cough  NDTV Food

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COVID-19: Home Remedies For Oral Health Care During Lockdown  NDTV Food

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- Fighting pandemic-related MALT losses, medical crisis  Chestnut Hill Local

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Experiencing Too Much Hair Fall? Opt For These Home Remedies  India.com

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Avoid home remedies, use insecticide correctly when going after spotted lanternflies, expert advises  Daily Local News

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Hair Care Tips: Try These Quick Home Remedies To Get Rid Of Dull, Dry And Lifeless Hair  NDTV Doctor

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Constipation Home Remedies: 16 Natural ways to soften your stool for normal bowel movement  PINKVILLA

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Skincare Tips: Don't Squeeze, Use These Simple Home Remedies to Get Rid of Blackheads  India.com

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Malaika Arora Shares Her Homemade Immunity 'Nuskha' And It's Something To Try This Monsoon  NDTV Food

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Hina Khan to Divyanka Tripathi: TV actresses REVEAL their DIY home remedy tricks for a glowing skin  PINKVILLA

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A Covid-19 survivor’s recipe for an immunity-boosting kadha that helped her  The Indian Express

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Beauty Tips: How to Get Rid of Pimples on The Scalp  India.com

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Coronavirus Cure: Can coconut oil protect against COVID-19? Here's what doctors have to say  Jagran English

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Aloe vera for hair care: Here are some natural home remedies for healthy hair  NEWS HEADS

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Coronavirus: Karnataka guidelines for home isolation for asymptomatic patients  The Indian Express

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Irregular Periods: 5 Quick Home Remedies  IWMBuzz

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Oli continues to downplay Covid-19 and propagate home remedies, earning ridicule on social media  The Kathmandu Post

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How to Control High Blood Pressure Through Home Remedies?  Krishi Jagran

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DIY beauty products can make skin glow  Atlanta Journal Constitution

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5 Ayurveda-approved homemade teas that can help you boost immunity  Times of India

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These home remedies will help you to get rid of oily skin  BOL News

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Keep Your Lungs Healthy With These Simple Methods  Doctor NDTV

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Coffee Queen: 3 DIY ways to use coffee powder in your skincare routine to get glowing skin  PINKVILLA

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Meghan Markle's favourite anti-acne remedy is an essential oil you already have at home  VOGUE India

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Secret beauty services continue at home  Daily Pioneer

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Beauty tips: Homemade foot scrubs | theindependentbd.com  theindependentbd.com

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The lockdown has been an unusual time of frayed nerves and bonding for millennials  Economic Times

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When COVID Hits Too Close To Home  Pajiba

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Ranveer Singh birthday special: The 'insider' who was mistaken as an 'outsider'  Free Press Journal

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Not feeling well? Here are some practical home remedies  Houston Chronicle

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Eat these foods during pneumonia for speedy recovery  TheHealthSite

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Does Sushant Singh Rajput's character die in 'Dil Bechara'?  Free Press Journal

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Try these natural pain relievers as quick home remedies  The Indian Express

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5 natural home remedies to get relief from flu  Times of India

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Coronavirus home remedies: separating fact from fiction  FOX13 Memphis

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Get rid of your migraine pain with the help of this simple ingredient  Times of India

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Myth-busting: Which of these DIY home remedies for coronavirus are actually effective?  KPRC Click2Houston

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9 clinically proven natural remedies for common ailments  MD Linx

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How to Grow Your Hair Quickly with  Explica

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Coronavirus Fact Check: Do these 'home remedies' actually help?  NBC2 News

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11 Home Remedies for Glowing Skin and Mistakes to Avoid  Greatist

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Dangerous Home Remedies for COVID-19  Everyday Health

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Home Remedies for Allergies: Natural Ways to Ease Symptoms  Shape Magazine

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Being young and dark — in an unfair world  The Indian Express

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Home remedies: Herbal supplements may not mix with heart medicines  Medical Xpress

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Question of the day: Can home remedies such as garlic, red pepper, saline, hot baths or alcohol protect a person from catching COVID-19?  Victoria Advocate

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Mayo Clinic Minute: Easing the Itch of a Mosquito Bite  RisMedia.com

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Best Natural Remedies for Common Health Issues That Work  Prevention.com

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Chloroquine, home remedies are not the answer to treat coronavirus, experts say  TribLIVE

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Coronavirus Prevention: Make hand sanitizer at home using these three ingredients  Times of India

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Do home remedies work to fight the flu?  Siouxland News

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5 effective home remedies for vaginal itching  Times of India

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Four home remedies to get rid of a toothache when you can't see a dentist - Insider  INSIDER

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Using home remedies to treat the common cold  kjrh.com

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13 Home Remedies for Acne, According to Dermatologists  Men's Health

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6 home remedies for mosquito bites and itches  Times of India

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Home remedies can ease symptoms of cough, sore throat  Daily Herald

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10 natural and home remedies for ulcers  Medical News Today

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Diverticulitis: 8 home remedies and natural treatments  Medical News Today

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Psoriasis: 12 home remedies and how to avoid triggers  Medical News Today

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Listeners Ask About Home Remedies, Carry-Out Food and Warm Weather When Dealing with Coronavirus  WKSU News

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Home remedies doctors swear by  Mumbai Mirror

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15 natural remedies for a sore throat: Marshmallow root and more  Medical News Today

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7 best home remedies to get rid of knee pain  Times of India

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Ginger, turmeric won't cure coronavirus or other diseases  Guardian

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Home remedies — did mother know best?  tnonline.com

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10 home remedies to treat dark circles  Times of India

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Home remedies: high blood pressure and cold remedies  Medical Xpress

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Stuck at home during lockdown? Home remedies to cure minor illnesses  Times of India

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Home remedies for cold feet and palms  Times of India

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Do Any Bronchitis Home Remedies Actually Work?  Health Essentials from Cleveland Clinic

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Say Thanks To Honey Because Of These 5 Amazing Home Remedies  NDTV Swirlster

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Honey-pepper and water boiled with tulsi-haldi — Modi bats for Covid-19 ‘home remedies’  ThePrint

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Natural home remedies that can help you with kidney stones  Times of India

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Science-backed home remedies you can rely upon  TheHealthSite

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3 Home Remedies for an Ear Infection  Health Essentials from Cleveland Clinic

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Chronic cough? Count on these simple home remedies for immediate relief  The Indian Express

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6 easy and effective home remedies for body pain  Firstpost

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5 home remedies to deal with the problem of low blood pressure  Times of India

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Thirteen old-fashioned home remedies using everyday food which really work  Mirror Online

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