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- How much money do you need when starting a Business?
- How to start a business on a limited Budget
- Understanding intellectual Property
- Why do you need accountant and how to choose one
- Finding Good mentor and Business Advice
- Eight Management Priorities when you start your Business
- Do you have what it takes to run your own business?
- Developing employee skills
- Decide on your exporting channels
- Dealing with cash flow problems
- Creating value in your business
- Creating an export business plan
- Five ways to increase your profit
- Cost-reduction tactics for small businesses
- How to handle debt so you always get paid on time
- What to do if your business is operating at a loss
- Choosing payment terms for your business
- Calculating your break-even point
- Calculating start-up costs – how much money do you need?
- Break-event analysis
- Advertising that works
- Weighing Up successful Plaining Options
- Deciding to keep your business in the family or to sell up
- Build your marketing plan by creating awareness
- How to write a customer Questionnaire
- Identifying your target market
- Sure-Fire Marketing plan in eight easy steps
- 10 ways to build a competitive advantage
- Testing the market before taking the plunge
- Use focus group to understand your Customers
- Ways to identify new markets and Customers
- Creating Promotional Plan
- Gain Customer Loyalty and Keeps your regular For Life
- How to accurately Forecast Sales
- Improving the effectiveness of your advertising
- Ten Marketing priorities when you start your business
- How to raise capital for your business
- How to get great advice
- Key management skills to grow your business
- Nine ways to retain great Employees
- Growing your business-checklist
- Building an online Distribution channel
- Get better deals from your suppliers
- How does depreciation affect small businesses?
- How to make your fixed assets work Harder and provide a better ROI
- When to invest in more Equipment
- Protect Yourself and your data-Proactive steps for Living Safely in the Digital Age.
- Why it can pay to buy an existing Business
- Five Top Ways to research your Market
- Buying a Business how much should you invest?
- Undertaking your own market research
- How to avoid three common Profit Mistakes
- The Power of cash Flow Forecasts
- The Difference between cash flow and profit.
- Ten steps to successfully Franchise your Business
- Key Drivers To Boost Profitability and cash Flow
- Increase your profit in 90 Days
- How to scale your business for growth
- Cross-selling and upselling to increase your sales.
- Changing your business model
- Handy Tips for improving your cash flow
- What to do if your business is operating at a loss
- Should you lease or Buy Assets
- How to handle debt so you always get paid on time
- How to reduce your tax Bill
- How to set up a cash reserve
- Build and grow your online Revenue stream
- Five Ways to increase your Profit
- Grow your Business by raising your cash potential
- How to increase your profit margin
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- Service pricing calculator
- Trading, profit and loss forecast
- Cash flow forecast
- Labor charge out rate calculator
- Fixed cost summary calculator
- Profit increase calculator
- Break even calculator
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Most business owners receive plenty of well-intentioned advice and ‘helpful opinion’ from family and friends. However, good business advice spoken from commercial experience is another matter entirely.
That’s not to say it’s hard to find, but finding a reputable source in the Internet age is sometimes less than straightforward – especially if you have specific problem to solve and time is limited.
This is why, for good times or bad, developing a network of peers or seeking out a business mentor can be a great idea.
Networking
Businesses owners shouldn’t feel they need to operate in isolation. Developing a network of peers and colleagues is a good way to keep in touch with new developments, and you’ll have a great resource to access when you need input and advice. There are a number of options to consider and you’re not limited to only one or a few.
Your local chamber of commerce
Your local chamber of commerce is likely to be a useful resource. They should be able to put you in touch with industry bodies and refer you to people who will be able to give you professional advice. In addition, they might also have information and resources to help you deal with the issues you are facing. Attending meetings and events is also a good way to brush up on skills, and meet and network with other business people operating in your area. Local chambers can be found online through the US Chamber of Commerce.
Your industry body
Most industry sectors have some sort of organization representing the collective interests of businesses operating in the sector; some will have more than one. They will be able to give you industry-specific advice and put you in touch with other people in your line of business for input.
These sources should also be able to refer you to reputable outside professionals if you need the help of an accountant or a lawyer, for example. They will generally also hold regular meetings where you can meet and get to know other small business owners.
Once you’ve met or made contact with a business peer or business professional, swap business cards and keep their details on file. While you can do this manually, it would be more effective to include their details in your contacts on your computer and mobile, and to connect with them through other networks like the business-focused LinkedIn or even Twitter. If you keep people’s contact details, you can give them a call whenever you need assistance. Even if they are not able to help you, they might be able to suggest someone who can.
LinkedIn is a great networking resource for business people. There are a number of online groups you can join where you can ask relevant questions and get good advice. If you can’t find a forum to suit your needs, you can also create your own.
Credible online sources of advice
For financial or legal advice, it would probably be best to meet face to face with your banker, accountant or lawyer, depending on the sort of advice you need. But there are a number of additional resources you can turn to for assistance.
- business.usa.gov has been designed to help small and medium businesses.
- The United States Patent and Trademark Office website allows you to do a number of functions online.
- If you’re looking for advice on breaking into the export market or export issues, then it’s worth visiting the USA Department of Agriculture website.
- For the answers to a number of employment or health and safety issues, have a look at the United States Department of Labor website.
Business mentors
If you’re not looking for business advice on a particular problem but are more interested in long-term advice to help you grow and develop your business, you should consider getting a business mentor.
Mentors can act as an experienced sounding board for ideas and help you consider long-term strategies, assess your business from an independent but supportive point of view, and even connect you with others from their own business networks.