Best Business Tips and Strategies information channel:
We would like to thank the local libraries, schools, and universities for recommending students
to visit us when doing research on any of our information topics.
As the holiday season starts to settle in, the workload for many Micro-Businesses can slow down.
Service-based businesses in particular consider this a slow time of the year. But, in reality, it's a great time for us to step back and reconsider the direction of our businesses.
Here is our top 10 list of "to do" items to get your business ready for next year:
1. Catch up on Correspondence
Respond to or file any and all business correspondence. This includes snail mail, voice mail, and e-mail. This would also include invoices, bills, and business leads. Make sure that you are organized and ready for after the holiday season.
2. Make Major Business Purchases
Research those business purchases you've been considering for awhile. Now, you can divert some of your attention away from clients to concentrate on these items. Invest in yourself and your business with computer software upgrades, training, workshops or Web site updates and improvements. You might be able to get some good deals and deduct the purchases off this year's taxes.
3. Review Your Strategic Plan
Business plans and marketing plans are dynamic documents. They can change depending on your needs or your target market's needs. Now, you can reflect on where you've been. Start planning where you'd like to be with an eye toward challenging yourself to achieve bigger and better goals for next year.
4. Read the Latest News and Books
Now is a good time to keep up with trends in your industry as well as local business news. You can familiarize yourself with topics that affect your business and your clients. Also, there are probably a ton of business books you've been wanting to read. Set a goal to read 2 of them by the beginning of next year.
5. Plan Advertising Spots
Set up next season's advertising opportunities. Consider including a mixture of traditional print, radio, Internet, upcoming tradeshows or events. This time of year, many are focused on the holiday season and wait until it's too late to plan their advertising campaign. Also, if you commit now, you might be lucky enough to get a holiday discount off the usual rates.
6. Re-evaluate Memberships in Business Associations and
Do they provide support? Camaraderie? Education? Referrals? Customers? If they aren't helping you meet one of your goals, the cost of membership may not be worth it.
7. Look at Your Customer Mix
Make a list of the types of customers you've been marketing to. Then, make a list of your actual customers. Do you see some key differences? If so, it might be worth tweaking your marketing plan or even some of your products and services.
8. Commit to Expanding Your Marketing into 1 New Area
Do you want to start marketing online? Holding workshops? Sending mailings? Writing articles? Pick 1 new area and add that to your marketing mix for next year.
9. Consider Alliances with Other Businesses
It's difficult to do everything when you are a Micro-Business owner. Building alliances can save time and money for everyone involved. They allow you to work with businesses that: 1) have products/services that complement yours or 2) have a similar target market.
10. Take a Mental Break From Business
Most of all, enjoy this time to yourself. Take in a sunset. Go to holiday parties. Spend time with family and friends. And, be thankful for all the wonderful events from the past year!
Some Micro-Businesses look at slow business periods in a negative light. Instead, do the opposite. Take this time to reflect on the past year's highs and lows and begin to change the direction of your company to better position itself for the coming new year.
Brett and Leila Johnson own Data-Scribe(tm), a New Mexico-based firm empowering Micro-Businesses through technology, the written word & training. To get more tips like this, visit their Micro-Business E-Library or sign up for their Micro-Business Gazette at http://www.datascribe.biz.
Top 7 Ways to Profit from Foreign Trade
Here are seven excellent ways to earn income from international trade.1.
The Top Ten Ways to Attract Buyers, Not Just Visitors to your Web Site
Have you put a lot of effort, time, and money into your site and are frustrated with low sales? If you are like many professionals out there, you know your subject; you are excellent at your craft. You have a great service and maybe a great product to sell.
Surviving When Clients Aren't Rolling In
As the holiday season starts to settle in, the workload for many Micro-Businesses can slow down. Service-based businesses in particular consider this a slow time of the year.
Ten Ways to Manage a Rapidly Growing Business
While some new business owners face the issue of not enough customers, others face the issue of too many customers/clients. Both are serious issues and must be dealt with carefully.
The Lazy Person Secrets To Overnight Wealth And Fame
There are so many simple, yet really sure-fire ways of acquiring wealth, it's a wonder everybody with even the least bit of ambition isn't already rich. When you come right down to it, the only things needed for anyone to make bundles of money are the long-range vision and the energy to put a money-making plan into force.
Event Planning: Seven Best Practices Successful Planners Use
Do you plan events for the corporate world like product launches, conferences, seminars, etc? If so, check out these seven practices of successful event planners.It's easy to dismiss these points thinking they're trivial.
7 Money Saving Tips to Decrease Home Business Expenses
We all know that running a home business is highly satisfying, and at times downright liberating! No clock to punch, no dress code, and best of all, no boss to answer to. But there are also many facets of business ownership that entrepreneurs must stay on top of.
Entrepreneurs - 7 Business Mistakes You Must Avoid
Many mistakes can be made in business and if you are able to avoid some of them by reading and taking note of these warnings, then the time taken to put these together will be worth while. Here are some business mistakes that are common to many entrepreneurs.
How To Make $20.00 For Every $1.00 Invested
It has been said you can lift the Rock of Gibraltar if you have a fulcrum point and long enough lever. When we refer to "financial leverage" we are talking about the same principle.
How to Become an Expert in Your Niche Business
What is a niche business? A niche business is one that caters to the common needs and interests of a focused group of people. For instance, people who play golf forms a niche market and people who are golf instructors form an even tighter and smaller niche.
Top Seven Questions for Starting Projects More Effectively
We all are project managers. Some of us manage projects like vacations or reunions, while others run implementations of new software systems, consolidation divisions of companies, launch new products, or build buildings.
How to Counsel Your Non-Performing Team Members - 10 Tips
Counseling non-performing team members is a tough part of any managers role. This article is full of tips to help you perform this difficult role.
Your Leadership Shopping List
'Tis the season to give. And finding the right gift to give the people on your team can be challenging.
Business Meeting Etiquette
Business etiquette is essentially about building relationships with colleagues, clients or customers. In the business world, it is these people that can influence your success or failure.
I WANT IT NOW - 10 Tips for Freight & Drayage at Trade Shows
Gas prices continue to go through the roof and increased transportation costs will increase trade show costs across the board. Here are 10 Tips for saving time, money and your sanity.
Management, Balance & Time - 10 Tips for Managing Overwhelm in your Business
How many of us have been in a position where we have more to do than can realistically fit into one day, or week. So we spend all of our time feeling rushed, being rushed, and wondering how on earth we are going to manage.
11 Things Small Business Owners Can Learn From Star Wars
1. Great Things Take Time - Three years passed between the release of each movie in the two trilogies, and a lot of work went in to them.
How to Hold An Extremely Successful Event - 10 Tips
Every event you hold can be extremely successful. Apply these 10 tips to guarantee a memorable event for everyone who attends.
Top 7 Strategies for Writing Accounting Procedures
Part Two of Cash to Cash Cycle Series. Next: Sales; We've already found $250,000?so let's find another $250,000?Laying the Foundation. Last week, we raised the question: what would your business do with $1,000,000? To lay the foundation we introduced inventory as the first of four areas that will lead toward our million dollar goal. And you saw exactly how to achieve the first $250,000 in cash savings by avoiding delays with an increase in velocity, as well as an increase in discipline and competency.
Top Ten Tips for Improving Your Cash Flow
Cash is king-so they say. If you work for yourself or someone else, you need to be aware of ways to improve the cash flow.
Akron City Directory
© 2012 - 2023 All Rights Reserved