A Small Business Advisor Makes Good Business Sense by Susan L Reid

Let’s face it. When you’re first starting up a business, you need help and advice. Even if you have an MBA from Harvard or are an experienced entrepreneur, you need someone to bounce ideas off of and check in with to make sure you’re on track for business success.

Technically, there are only three times during the life of your business when you absolutely need a Small Business coach: when you’re first starting up, when you’re ready to grow and expand, and when you’re ready to move on.

What do most people do? They hire one Small Business coach to help them start up. Then, they hire another specialty coach when they’re ready to expand and, finally, another business transition coach to help them close out their business.

That’s three different coaches for three different stages. And, each time you hire a different business coach, you lose continuity. Is that really what you want?

After all, your start-up coach has been with you from the very beginning, through thick and thin. She knows everything about you and your business. She’s walked with you through your fears, she’s pulled from you the heart of your business plan, and she knows what dreams you secretly hold for your business.

Do you have any idea how valuable that kind of knowledge is?

Well, let’s say you phase out your relationship with your start-up coach, and it takes you 40 hours to bring your next business coach up to speed. At approximately $200 per hour, that’s at least $8,000. And we haven’t even added a dollar amount for your valuable time spent “training” your new coach.

At that price, wouldn’t it be more cost-effective to have one business coach who could start up your business, help it grow, and stay with it through its entire life cycle?

Enter, the Small Business advisor.

What to Look for in a Small Business Advisor

Why do we treat hiring a business coach differently from hiring a financial advisor? You don’t hire three different financial advisors-one at the beginning of your investment years, one in the middle, and another when you retire-do you? No, you hire one financial advisor with the intent of maintaining a lifetime relationship with him, from beginning investments to retirement dividends.

The same should be considered when hiring a business coach. Instead of thinking “business coach”, think “business advisor.” Instead of thinking “short-term coach”, think “long-term relationship” with a Small Business advisor who can be with you through the entire life of your business.

Do you think that’s impossible? Think again!

A Small Business advisor is the golden egg of Small Business know-how. She’s not only capable of helping you write your business plan, she can carefully analyze your business circumstances, assess the business market environment, and help you develop a long-term strategic plan that will take you from start-up to exit plan.

Some Small Business coaches are actually Small Business advisors, whether or not the title “advisor” is on their business card. Don’t be afraid to ask questions to find out whether or not the coach you’re considering has the desire and the skills to work with your business from beginning to end.

A skilled small-business advisor has the training and insight to:

· Understand your goals, your dreams, and your reasons for starting up, growing, and transitioning your business.

· Create a Small Business growth strategy that meets your short and long-term needs.

· Understand the nature of business and offer wise counsel and continuous monitoring that will help ensure that your Small Business is positioned for success whether the market is booming or fraught with uncertainty.

Best yet, she is someone you can trust who will be with you from start to finish.

What You Can Expect from a Small Business Advisor

First and foremost: a comprehensive approach.

The first thing she’ll do is sit down with you in order to obtain a thorough understanding of your current business situation and find out what you want to accomplish.

Much like a financial advisor, your Small Business advisor will ask you questions about your current business, the future of your business, your growth timeline, the level of risk you’re comfortable with, and the return you expect to get when you sell your business.

Periodically, your small-business advisor will meet with you to revisit your business strategy to make sure your business is on track. She’ll also work with you to make any necessary adjustments. That way, you can be sure to reach your business goals.

Just as having a financial advisor manage your investment portfolio makes good financial sense, having a Small Business advisor who offers a comprehensive, long-term approach makes good business sense. A trusted Small Business advisor can add an enormous amount of value by guiding you through the many complicated business challenges you’ll face from start to finish.

So, take advantage of all the expertise your Small Business advisor has to offer. Share your dreams and goals with her to build a valuable relationship that goes beyond traditional Small Business coaching to encompass the whole life of your business.

Dr. Susan L. Reid is a business coach and consultant for entrepreneurial women starting businesses. She is the award-winning author of “Discovering Your Inner Samurai: The Entrepreneurial Woman’s Journey to Business Success,” and has a free chapter PDF of her most popular chapter, “Doing What You Love: Multiple Streams of Passion” for those who want see how persistence, patience and practice can really pay off, at http://www.YourInnerSamurai.com

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Small Business Loans – A Must Read by Bill Drew

If you happen to just start a Small Business enterprise or want to expand your existing business to fully take the advantage of positive opportunities, your business enterprise will need the right kind of financing just at the right moment in order to develop and succeed.

Small Business Loans can immensely help small scale business establishments, which essentially form the backbone of the economy of a country, thrive. Many institutional partners or lenders can get associated with a federal authority in order to provide the right kinds of Small Business loans for varied types of industries that have varied interest areas.

Let us first discuss the eligibility of getting a small scale business loan. Repayment ability of the borrower, as evident from the flow of cash in the entire business is the most primary consideration. However, evidence of good and honest character, good management capability, sound collateral, and the business house owner’s contribution to equity are also very important factors considered before loan approval.

Usually, owners of business houses with more than a specified ownership will need to provide a personal guarantee of loan repayment. This is mainly because a certain percentage of loans disbursed become an unsecured business loan.

Varied types of Small Businesses can apply for financial assistance in the form of Small Business loans. However, there are certain conditions that must be fulfilled:

* All applicant business houses must demonstrate the profit motive;

* All applicant business houses must be doing, or at least plan to operate in the United States

* All applicant business houses must show good owner equity in order to invest;

There are several types of Small Business loans that enable Small Business establishments acquire working capital.

One assistance program can provide for financing on a fixed rate on a long-term basis to facilitate acquisition of fixed assets (for example equipment or real estate) for modernization or expansion. It is specifically aimed at Small Business houses.

One assistance program can provide for loans that are short-term for so that the business establishments can purchase supplies, furniture, equipment or inventory. Such programs are specifically designed for all kinds of Small Business houses that need financing on a small-scale and also assistance on the technical front for expansion or start-up, and the loan is given through specifically named intermediary lenders (for example, nonprofit organizations that have experience in technical assistance and lending).

Another loan program provides for loans on low-interest basis to renters, all size business houses, homeowners, and many private non-profit organizations to replace or repair personal property, equipment or machinery that was destroyed because of natural calamity.

This is hence, established that Small Business loans can play an important role in improving the overall business scenario of the business houses.

Unsecuredbizloan.com provides the business owners a perfect financial solution with which they can fulfill all their business oriented financial needs with a Business Line of Credit. For more information visit http://www.unsecuredbizloan.com/small-business-loans/about-small-business-loans

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Health Reform Changes Affecting Small Business by Sandy Botkin

“Don’t tax him. Don’t tax me. Tax the guy behind the tree”- attributed to Former Congressmen Rostenkowski

Owners of Small Businesses and their workers could be severely impacted by the recently enacted health reform legislation. Some key provisions related to tax credits, new excise taxes, penalties, and some higher taxes, all of which depend on a number of factors such as number of full time employees in the business, average incomes of the employees etc. This article will provide you an overview of its significance to self employed taxpayers who have less than ten full time employees.

Generally, the present Obama administration and Congress have noted that the new health reform proposals will provide better insurance for Small Businesses at a lower cost, which will create more jobs. However, there is also a lot of strongly negative feelings among the business community. Let me present some of the provisions so that you can judge for yourself and plan accordingly.

Benefits to Small Businesses: Despite the negative press about the law, there really are some positive changes that will affect Small Businesses.

  1. Small Business Exchanges: Small Business will be able to pool their resources in state exchanges called “Shop exchanges” in order to buy insurance. Normally these exchanges apply to companies who have less than 100 employees by 2014;however, states have the option to limit access to these exchanges for companies of under 50 full time employees. Premium expectations are expected to reduce overall insurance costs by 1-4% per year for each employee, which is a very good provision under this plan.
  2. Tax Credits for certain small employers who provide insurance. Generally, if you have fewer than 50 full-time employees, you don’t have to provide health insurance for your workers. However, if you do provide insurance, you might be eligible for a yummy tax credit, which is a dollar-for-dollar reduction in your taxes.

To be eligible for this credit, you have to have less than 25 full-time employees whose annual average earnings (not counting the owner) of no more than $50,000. For companies of 10 or fewer employees, you would be eligible for a 35% tax credit (which goes up to 50% after 2013) in later years, if your average full time equivalent wages are less than $25,000 per year. This credit begins in 2010 and goes till 2014. There is a second phase of the credit that Small Business would get up to 2016. Thus, qualifying Small Businesses can get this credit for up to six years.

Sandy’s elaboration: This credit sounds great, but having it apply to Small Businesses (of no more than 10 full-time workers) and who average under $25,000 of wages will substantially reduce its applicability to most businesses. Estimates are that this will benefit about 7% of self employed businesses.

  1. No more lifetime caps: For most health insurance, there is a $2,000,000 lifetime cap for usage. Starting immediately, these caps are to be removed. This could allow coverage for a number of Small Business folks who might have exceeded the cap.
  2. No pre-existing conditions: starting in 2014, there will not be any pre-existing conditions. Thus, even if you have a major medical problem, you will be guaranteed to get health insurance. This is a great provision that will allow coverage for those Small Business folks and their employees who might not have been able to get insurance coverage.
  3. Dependent children can be kept on parent’s insurance through age 26: Normally, kids who turn age 21 have to get their own insurance and can’t be kept on their parent’s insurance. This will be changed so that dependent children who are under age 27 can be kept on the parent’s insurance. This becomes effective on March 30, 2010. I should note that although dependents under age 27 can be added to the parent’s insurance e policy, there is no requirement that an employer add them to the policy.
  4. Small Businesses are exempt from penalties for failing to provide health insurance: Generally only companies that have 50 or more full-time employees need to provide health insurance coverage or face penalties. However, since Small Businesses of under 50 full-time employees don’t need to provide any coverage, they are exempt from these “Pay or Play” penalties.

Sandy’s elaboration: If you have a business with 50 more more full-time employees, you are indeed required to provide health insurance.

As you can see, there are some good provisions for both the business owner and for Small Businesses. Thus, why the strongly, negative comments from the business community? The reason is that there are a lot of congressional “gotchas” that affect everyone.

Problems with the healh reform legislation

  1. New taxes: There are a number of new taxes and costs that will beef up the overall insurance costs for Small Businesses. For example, there is an income tax increase starting in 2010 of between 5%-10% for those who make over $200,000 of adjusted gross income. In addition, Medicare has been increased for everyone by.9% for all employees and for the owner who make over $200,000 of adjusted gross income and is single. Married taxpayers filing joint returns have to make of $250,000 of adjusted gross earnings in order for this.9% Medicare surcharge to kick in. This may not sound like a lot, but, for someone earning $300,000 in salary, this could result in a $900 increase in Medicare taxes for each employee in that income bracket regardless of profitability of the business! In addition, if the adjusted gross income of the worker or the owner is over $200,000 ( for single taxpayers) or over $25,,000 (for married filing joint taxpayers), there will be a 3.8% Medicare surcharge on all of their interest, dividends, rents and royalties. This will also apply to dividends from S Corporations. So much for saving costs!
  2. New excise taxes: In order to help pay for this new law, there are some additional excise taxes on many medical devices that ordinarily aren’t purchased by most people. Thus, there will be no excise taxes on glasses, hearing aids, and contact lenses. Most other devices, however, will probably have the excise taxes apply to them. In addition, there will be additional taxes on the health insurance companies, some insurance plans and pharmaceutical companies. You might wonder how these additional taxes apply to self employed taxpayers. The reason is that these additional costs will be passed through to everyone including the self employed.
  3. Additional 40% excise tax on Cadillac health insurance: The new law places a whopping 40% excise tax on high-cost employer-sponsored health coverage, often referred to as “Cadillac” health plans. This tax applies to premiums that exceed $10,200 for single coverage and those that exceed $27,500 for family coverage. There are some increased thresholds for retired taxpayers who are age 55 and older and for those engaged in “high risk occupations.” Thus, if you want top notch expensive insurance coverage, you will pay a lot more to get it. This even assumes that an insurance company will even offer it at all.
  4. Increased paperwork: Generally those who do provide insurance through the exchange for their workers will need to fill out some potentially new paperwork showing the name of the employee, the amount of premium paid the contribution by the employee, notification to the employee about the coverage etc.
  5. Midsize to large companies much provide health insurance: If you have a company consisting of 50 or more full- time employees (part time will be counted on a fractional basis depending on their hours), you are required to provide medical insurance or face big penalties. However, this is required regardless of profitability. Think about this. This could result in a number of unprofitable or marginally profitable companies going broke, which could actually substantially reduce jobs. In addition, this would spur either the hiring of more part time at the cost of reducing the number of full time employees or increase the sucking sound of companies going to places like China or India. The result of all this would mean a lot less jobs.

Bottom Line: Although there are some great provisions in the new law such as waiving pre-existing conditions and lifetime benefit caps, the increased taxes and costs incurred for most Small Businesses will probably exceed the decrease in health premiums resulting in an overall increase in total health costs and taxes to self employed businesses. Thus, I don’t see any job creation resulting from this law. In fact, it may well cost a lot of jobs.

P.S. Check out my free lesson on “How to write off all your medical expenses!” Free Lesson http://www.PocketbookProfessor.com

By Sandy Botkin CPA. Esq

About this Author

Sandy Botkin is the Chief Learning Officer for Pocketbook Professor, an online training center where entrepreneurs, Small Business owners, and home based business owners can learn how to lower their taxes big time, get out of debt, and increase revenue.

Sandy is a CPA, Tax Attorney, and the #1 tax trainer in the country. Sandy has been training millions of Small Businesses how to get their taxes down to the legal limit for over 30 years. He has taught tax reduction at Donald Trump and Tony Robbins seminars and is a bestselling author of the book “Lower Your Taxes Big Time” and several other bestselling books. Sandy is a frequent guest tax expert on NBC, ABC, Fox, and CNN.

Our sole mission is to educate Small Business owners about the huge tax breaks available with fun and entertaining lessons. As a young man, Sandy worked for the IRS training their corporate tax lawyers. That is where he learned just how little the average Small Businessperson new about the huge tax savings legally available them. Seeing a big opportunity he left the IRS and started the Tax Reduction Institute and now http://www.PocketbookProfessor.com to help millions more save on their taxes.

Sandy’s enthusiastic approach to taxes, great depth of knowledge and his unorthodox Colombo like style have made him a legend on the public speaking circuit. He has earned the reputation as the number one tax expert for Small Business and home based business owners. The real proof of any product or service, is the value the users place on it.

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Top Ways to Turn Your Small Business Into a Business Empire by Susheel Deora

Top ways to turn your Small Business into a profitable business empire.

Small Businesses are those businesses which may be started with small capital investments. There are millions of people who are running small or home businesses. Nearly 70% of newly started Small Businesses fail due to lack of capital, competitions and various other reasons.

Before we look into the reason for success or failure of Small Businesses let us look into some of the most successful businesses that were started with some powerful and innovative ideas. if you start any Small Business in a routine way then you may earn just hand to mouth. To take your Small Business on top you must provide something new and innovative.

How some of the ordinary people turned their Small Business into a global business empire:

(1). King c. Gillette: A traveling salesman found that his straight razor had dulled and it has become impossible for him to make a close shave. Many time his dulled razor use to cut his skin as there was no sharpness left so he started thinking about new safety razor. A new idea about making a twin blade razor was born in which disposable blade may be put and replaced. Even though many engineers rejected the idea but he continued to experiment and today Gillette have become a billion dollar company. He introduced a low cost, disposable blade that can make close and safe shave.

Summary: He faced a problem and wanted to find an innovative solution to that problem. Although he was a salesman with limited resources but he knew that idea can be turned into money. He realized that if his dreams can be realized then he can turn it into a profitable business empire. This is the power of innovative idea. An innovative idea can make unlimited wealth. Any Small Business can be turned into a big business empire if you try to introduce some new concepts.

(2). Tory Kumon: A high school mathematics teacher in Japan, Toru Kumon, became concerned because his second grade school son was bringing home poor grades in mathematics. Encouraged by his wife to find a better way to teach his son, Kumon began to examine the textbooks and exercises being used. Kumon felt that there were better ways and looked for a different method for his son. The Kumons worked together and while his wife supervised the home work of their son, Toru Kumon re-wrote the exercises and drills for his son, giving him a slightly more difficult set of problems every day. By the time the son had finished eighth grade, he was working through calculus problems, easily and correctly, and could handle work found on university entrance examinations.

Toru Kumon realized that if his son was having this problem, there would be other children in the same situation. Kumon then decided to take his methods to other parents whose children were having these same challenges. He did this by opening Kumon Learning Centers throughout Japan. Kumon was not without his critics, though. Members of the educational establishment were against him – primarily because it was not their idea. They could not refute the fact that the Kumon system works. Today kumon have more then 26000 centers in 46 countries. This is the power of a small and powerful idea!

Summary: Kumon saw a problem – poor academic performance and defined it as an opportunity – opportunity to create a learning system that would resolve the poor academic performance problems. After working with his son and finding something that work, he found he could provide this service to other parents that were having the same challenges. At the same time, he could create income for himself. He provided something of value and a lower cost than many of the alternatives.

(3)Amancio ortega: Amancio Ortega was born in the year 1936 in Spain. His father was a railway worker and his mother worked as a maid to support the family. Due to the financial problems that his family was facing, at the tender age of 13 he started working as a delivery boy at a shirt makers shop. Thereafter he worked for a lot of stores and tailors and closely studied as to how the products and cost of the products changed as they traveled from the manufacturer to the consumer. As a result of this study he became focused on the importance of getting the products directly to the consumer by eliminating the middleman. During his experience of working as a manager of a local clothing shop he realized that only rich people were able to afford high fashion clothes because of the high prices they came with. Having observed this, he was determined to manufacture high fashion clothes that were low priced and accessible to all. He continued to gain experience and knowledge while working until 1963 when he started his own company with just $25. He started designing and making fine bathrobes and started selling it to customers and also started supplying them at various stores. Later on with the profits that he earned with the help of this business he started his own factory. Today his personal worth is more then $20 billions. This is the power of innovative ideas on which a Small Business is developed into a business empire.

Let us try to shed some light on the innovative ideas that he used to turn his Small Business into a fortune.

(A)He realized that the high end fashion clothes were only accessible to rich people as only they could afford it. A major portion of the price margin was consumed by the middlemen. To eliminate this problem, he started creating high end fashion clothes or rather look-alike of top fashionable clothes for the masses at affordable prices by eliminating the middlemen. In this way then number of people who bought his clothes increased and in turn he became very popular.

Benefits to the consumer: Due to Amancio’s innovative idea, the middle class people who could not normally afford costly and latest designs were able to avail these fashionable clothes at reasonable rates.

(B)Direct Retailing: Amancio realized that middle men like wholesalers, semi wholesalers were deciding the final selling prices of these clothes and thus they ended up being very costly. Thus he opened his own string of stores called ZARA where he passed the margin that was being taken by the middle men to the customers.

(C)When Amancio started his business; the industry standard was to introduce new fashion twice a year. Thus people had to wait for a very long span of time and would visit the shop only twice a year to buy the new fashionable clothes. Amancio introduced the unique concept of instant fashion by introducing latest designs and new fashions within 2-3 weeks. This in turn pulled people to his shops many times in a month. This also helped customers by bringing new designs to them and the shopkeepers were benefited too because of the constant visits by the customers.

(D)Modifying unsold designs: Some designs do not sell as much as the popular ones. What Amancio did was to change and alter the failed designs so that they would be sold. He did this by putting up new patterns and accessories on the old designs.

(E)Advantage of information technology: To know more about what type of designs sell and what type does not sell and also to know more about the unsold stocks, Amancio took advantage of information technology that allowed him to monitor the unsold inventories. This also helped him realize the actual taste of the customers.

Summary: Amancio ortega started a Small Business with just $25 but today his personal net worth is more then $20 billions. At the time he started his business there were already thousands of businessmen, designers, and established fashion houses but only he was able to make it to the top because he introduced something new in his Small Business and rest is history.

Most of the self made billionaires possessed or developed the following qualities to become rich and these are necessary for success in any business: They started with a Small Business and developed into a business empire. Some of the qualities required to develop a Small Business into a business empires are as follow.

1. A burning desire to become rich
2. A fixed goal and a sound business plan to materialize it.
3. The faith and persistence in your efforts and making the tough decision of never to give up even after many failures.
4. A practical plan of action
5. Developing the ability to organize information and creating something new out of it.
6. The ability to innovate
7. Working towards developing new ideas and innovations instead of worrying about the investments required for the business.
8. Compensating for lack of education with self education and mastering all specialized knowledge with practical experience.
9. Finding ways to make money without any capital
10. Trying to create something new that would provide additional benefits to the customers or to the industry.
11. They are never ashamed to take up even a small job so as to learn in and outs of the business and to sharpen their skills in the field.
12. The ability to turn even $1 into thousands.
13. Creates opportunities for themselves instead of waiting for them to happen
14. They mastered all the specialized knowledge that is required for the selected business and tried to learn everything that is necessary to make a fortune
15. Developed their ability to create the best.
16. Creates and develops only such things that have a demand or that will be sold for sure.
17. They are never afraid of competition and beat it with the help of better products.
18. They always think and plan 10-20 years ahead of the time
19. They develop a profitable idea to attract investment.
20. They start initially with a knowledge based or skill based business.
21. They learn how to think like a customer and constantly try to find ways to provide goods and services at a low cost and with high value.

Summary: whatever Small Businesses you want to start first of all make a research about the ideas that are being used by top and successful companies. Now try to find some loop holes or better solutions and try to introduce them in your Small Business.

About this Author

For more details as how to develop a Small Business into a business empire please visit: http://www.moneymakingexpress.com

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Starting a Small Business – How to Work Smart, Not Hard by Roy J Derrick

More people dream about starting a Small Business than they do about going to college or seeking promotion.

However, owning a Small Business is more than just a full time job, it can become your lifestyle.

The lifestyle you create depends on the Small Business that you create. It is important to find the best Small Business to start.

There are two types of businesses namely the one where you have to work incredibly hard or the other where you work smart and not hard.

Owing a Small Business can become your life if you are not careful and disciplined. For example a typical store owner can be in demand twenty four hours a day. His or her day doesn’t end when they go home or when the store closes. Even if they are fortunate enough to be able to afford sufficient staff and are able to successfully delegate, it can be difficult to find staff that you can trust. There are times when it can seem that everyone needs their attention – the staff, the customers, the reps, the family and even the mobile phone. Often business owners are seen to the outside world as being wealthy, prosperous and extremely lucky. Little do they know the hard work and effort required to succeed in a Small Business. There can be many sleepless nights and worry over how to pay the bills, wages and to buy new stock not to mention the responsibility for the health and safety of staff to comply with the Employment Law. There are also the issues of ensuring equal opportunities and of paying the business taxes and insurances on time on top of bank loans for the business. No wonder many Small Business owners have health problems due to the pressures that they face.

There is however another type of Small Business that is less costly to set up and less stressful to run namely a home based Small Business. The main advantage of this type of business is that it is open to ordinary people as most Small Businesses can be run from any small room in a house like a study, bedroom or even a garage without incurring huge costs that other businesses and franchises incur. There are no costs for staffing, travelling or rent for the business premises. The turnover, profits and return on your investment can be as big or small as you choose. There are no limits to what you can achieve with this type of Small Business.

Many choose to start a Small Business as it offers independence. Many business owners left their jobs to become their own boss as they wanted to make their own decisions, take their own risks but more importantly to reap their own rewards from their effort.

There are many home based business opportunities and it is important to carry out research to establish the best Small Business to start. There are many internet home based opportunities now available, many of which offer the opportunity to make sales from home. There are unlimited trading possibilities with these types of Small Businesses due to the global market available. The overheads for these types of businesses are low as there is often only the need to own a computer and a phone. You can also work flexible hours based around your own needs because an internet business does not close down. It is open for business twenty four hours a day. You can even be earning money as you sleep!

This type of Small Business is often an easy business to start. It can be the best home based business to start as often one to one coaching is offered to help you start a business from home.

This type of business is a successful alternative to a “bricks and mortar business”. It can provide the opportunity to earn more money, work less hours and help provide more time to spend with friends and family. However as with any other Small Business your business success will be determined by the time and commitment you put into your business but with the right mindset and motivation it is possible to achieve great rewards both financially and on a personal level.

About this Author

Being a successful business entrepreneur I now work full time from home. The freedom this has created for me enables me to mastermind and share my company and the opportunities I have created with other people who seriously want to change their life. The services I provide are FREE and dedicated to those who have the passion to get up and make a difference.

“To get what we want in life, we have to do what we have never done”.

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Business Ethics – Why Are They Important in Small Business? by Rebecca Stigall

Rarely is there the individual who does not encounter an ethical or moral dilemma at some point in his or her business life. Whether that individual is the owner of a multinational corporation, a Small Business entrepreneur, or a new or established employee, everyone is likely to have to face such an instance eventually. Much like a personal ethical dilemma, an individual is faced with making a decision based on how it will affect not only himself, but on how it will effect the organization as a whole. One of the major problems when dealing with an ethical dilemma in business is that individuals are often swayed by business profits and the legality of a decision.

The Institute of Business Ethics, whose slogan is “doing business ethically makes for better business”, describes the term business ethics as such.

Business ethics is the application of ethical values to business behaviour. It applies to any and all aspects of business conduct, from boardroom strategies and how companies treat their suppliers to sales techniques and accounting practices. Ethics goes beyond the legal requirements for a company and is, therefore, discretionary. Business ethics applies to the conduct of individuals and to the conduct of the organisation as a whole. It is about how a company does its business, how it behaves intrinsically.

As clear as this definition is, it is certainly open to interpretation. Therefore it must be understood that the application of business ethics to any situation is entirely subjective.

One can also understand business ethics, and ethics of any kind, as applying a sense of fairness to a situation. Even with a sense of clarity applied to the use of business ethics, reaching a just and moral decision can be a complex process for most individuals. The subject of business ethics has been a source of great debate in recent years as the heads of major (and minor) corporations are revealed as less than ethical characters both in the way they do business and in their personal conduct. However, it may be said that any individual who does not practice business ethics cannot be personally ethical even though the reverse may not also be true. Ethics in generally has a long history of applications. Centuries ago a man’s ethical practices defined who he was as an individual. However, as populations grew, the necessity for incorporating the best business practices into a company became somehow less important because there was always another customer around the corner and the owner of a business was rarely the focus of attention in a community the way he or she may have been in the past. A company’s administration took a seat in the background and hired representatives to deal with any fallout. Ethics rely on several factors, one of the most important of which is culture. Again, like the business person of the past, a culture’s ethics practices will largely depend upon the value that is placed on them. Business ethics have the unappealing conflict of often being contrary to what is legal. Often what is “right” is not necessarily what is legal, and a business must consider this conflict when making ethical judgments. Although there are many in the business world who believe that a business has no room for ethics if it is to function competitively, the numbers of corporate whistleblowers indicate that there is still room for ethics in business.

Western societies place a great deal of emphasis on success. However, in business, there are often conflicts between ethical behavior and business success. This disparity is often multiplied for the Small Business owner. To compete with larger businesses, it may be tempting to abandon ethics just to make an adequate profit. Additionally, the Small Business person is relatively autonomous in his or her decision making; he or she does not have to answer to a large employee base or a corporate governing board. It is also interesting to note that the Small Business leader often has his or her decisions impact a greater number of individuals than does the employee of the Small Business. For instance, a Small Business owner may have his or her decision affect his or her customer base as well as his or her employee base. The employee will likely find that his or her decision will only directly impact his or her immediate circle of coworkers. However, the pressure to succeed is both an internal and an external pressure and often leads individuals to make ethical decisions that are based more on those pressures than their own moral judgment. As consumers grow wary of those that they do business with, one must understand that there is just cause for such wariness. The cynical American consumer has learned, often the hard way, that there is little room in business for ethics. In a society where the customer used to be king, the consumer has more often than not experienced several distasteful experiences with business both large and small.

Some experts argue that any focus on profitability is bound to test the limits of ethical practices. They assert that to assume that the primary function of a business is to serve its client base in an ethical manner is idealistic and that the nature of a free economy dictates that ethics must take a back seat to increasing profits. Although it is rarely the conscious intent of a business to harm the public interest, reality dictates that the businesses ability to increase profits will determine its success. Publicly owned companies experience extra pressure in this arena. It is difficult to draw investors to a company based on its ethics. Investors are looking for a return on their investment and ethical performance does not equal dollars. There are economists that assert that, in any competitive economy, ethics are impossible to uphold; that a company can legitimately bypass ethics with the excuse that unethical practices are the only way to make a profit.

Unlike the larger corporations, the Small Business leader is in a unique position to shape the ethical practices of his or her business. Small Businesses have a smaller employee base to police when applying ethical policies than do larger businesses. It is important to understand that, similar to the ethical dilemmas of the large corporations, although an individual surely knows the difference between the correct ethical decision and the wrong road, the choice to throw ethics to the wind is often made because the unethical choice is more profitable. This may, however, happen much less often in smaller organizations because the individual or individuals who are harmed by the unethical decision and someone is always harmed, is more visible to the Small Business. Major corporations and their decision making machines are often far removed from the individuals that their immoral and/or unethical decisions effect. This may make the wrong decision much easier to make.

The unique position that the Small Business owner is in regarding the formation of an ethics policy yields a great responsibility. A proactive business leader formulates a statement of organizational values that employees of the company are expected to embrace – at least while performing duties in the service of the company. An organizational ethics policy is an announcement to the employees, the customer base and the community as a whole that the business is prepared to conduct itself and its practices on an ethical level. Such statements invite the respect of all parties involved in doing business with such an entity. However, it is imperative that the Small Business owner not make the same mistake that larger organizations often do; the ethical policies that a business develops must not be in conflict with the organizational goals. It is unethical in itself to develop an ethical policy that an employee cannot possibly follow and maintain his or her employment. When faced with the decision between an ethical decision and his or her job, an employee will almost always choose the job.

Therefore the policy must be in reasonable alignment with the organizational goals of the business. It is equally important, and maybe more so, that the Small Business leader lead by example. Employees, especially in a smaller organization, are less likely to conduct themselves ethically if they receive implicit permission not to. The end result of such a practice is that the Small Business owner can be assured that he or she is conducting business in a manner that encourages the trust of his or her customers as well as his or her employees. And since consumers have become very wary of doing business with an entity they feel they cannot trust, the Small Business can enjoy the profits of a loyal customer base. The Small Business owner has an advantage over the larger corporations in that it can elicit the trust of the consumer by applying ethical business practices that give the customer the feel of an equal business relationship rather than one where the consumer buys based on need alone. There are many that believe that such practices are capable of drawing business away from the large corporate entities and back into a customer-focused business format.

Rebecca J. Stigall is a full-time freelance writer, author, and editor with a background in psychology, education, and sales. She has written extensively in the areas of self-help, relationships, psychology, health, business, finance, real estate, fitness, academics, and much more! Rebecca is a highly sought after ghostwriter with clients worldwide, and offers her services through her website at http://www.forewordcommunications.com/

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Small Business Lending – Where Manufacturers Should Go When the Banks Say “No” by Jeffrey Sweeney

The good news: Most manufacturing companies expect growth opportunities in the coming 12 months. According to the 2010 CFO Outlook, published by Bank of America, 69% of manufacturing company CFOs are considering financing in 2010, up significantly from last year. The top two reasons for Small Business financing are working capital and capital expenditures.

The bad news: Two years ago, getting six-figure traditional financing for a smaller manufacturing business was fairly straightforward. Today, it remains about as difficult as when the financial crisis first began to unfold. Banks are as reluctant as ever to finance Small Businesses, as they continue trying to limit their risk amid the economic turmoil. According to the FDIC, the volume of bank loans dropped in 2009 by $587.3 billion, or 7.5%, from 2008-the biggest full-year decline since World War II.

The result: Many small manufacturing companies are either struggling to stay afloat or finding it difficult to capitalize on upcoming commercial growth opportunities. According to the 2009 Year-End Economic Report published by the National Small Business Association, 39% of Small Businesses report they are unable to get adequate financing for their business. No doubt many of these are manufacturing companies.

So where should smaller manufacturing companies go to get the financing they need? The answer is to the most experienced and competitive private banks and alternative lending groups for Small Businesses.

Alternative Financing Options: Unlocking the value of your assets

If you’re a manufacturing company, there is simply no need to let your business be held hostage to the ongoing credit crisis. This is because there is already a well-developed market for alternative lending that can provide working capital for Small Businesses with assets. Loans can be secured against cash flow, accounts receivable, inventory, purchase orders, premises, machinery and equipment, and even the intellectual property associated with a brand or patent.

What many businesses don’t realize is the extent to which they can leverage their business assets to secure funding. Help for Small Business lending is not on the way: it’s already here. Alternative financing options can help many businesses get the backing they need when the banks say “No.” Best of all, this type of financing is now affordable. Loans from the most competitive private banks and Small Business lenders are priced at bank-like rates upwards, depending on the level of risk of the business being financed.

Securing traditional financing through banks and other financial organizations has now become highly challenging. As banks pull back more traditional commercial-and-industrial lending, they are no longer willing to lend even to Small Businesses with solid financials. Their security demands have also increased. This has pushed some companies to distress. It is preventing many others from taking advantage of commercial growth opportunities that lie ahead.

Unsurprisingly, businesses are increasingly turning to suitable private banks and other alternative lenders for Small Businesses. According to Bank of America Business Capital, 49% of manufacturing firms expect to use asset-based lines of credit in 2010, up from 42% last year. This type of alternative financing, once considered a last-resort option, is now regarded as a fundamental financing solution. Since alternative lenders in this space generally focus on collateral rather than credit-worthiness, they are able to do deals that more traditional lenders shy away from.

Getting the financing you need

When times are difficult, unlocking the inherent value of your assets, especially intangible assets, is attractive. Today, Small Business financing is affordable, offers flexible loan structures, and can provide the borrowing power that cash-flow lending alone may no longer be able to supply. With alternative financing solutions, businesses can borrow money using their liquid, current assets or their fixed assets as collateral. These Small Business loans may be priced competitively with cash-flow loans, and may come with fewer financial covenants. They can be used to secure working capital, but also to finance growth or acquisitions.

Getting the right financing can make all the difference for a small manufacturing business. It is important that your Small Business lender is able to provide you with service that matches your company’s specific needs to appropriately priced capital. It can also be helpful and cost-effective to work with a firm that not only arranges asset-based financing for Small Businesses, but is also able to offer funding-especially in situations where they can provide additional sources of capital from their own fund to “fill the gap” in your required capital.

If your manufacturing company is struggling to stay afloat or finding it difficult to capitalize on upcoming commercial growth opportunities, know that there is new and affordable financing available despite these tough times for Small Business lending.

If you would like to know more about how your business can secure the funding it needs, visit http://www.uscapitalpartners.net or call (415) 882-7160.

Jeffrey Sweeney is an investment banker with years of experience in direct lending and corporate finance for smaller businesses. He is the CEO and Managing Director of US Capital Partners, Inc., an innovator in affordable Small Business lending. Since 1998, US Capital has been providing prompt and reliable financing solutions, including lending, corporate financing, and debt restructuring, to businesses across the United States and abroad. The company’s innovative approach allows it to provide the best financing available, not only for companies in excellent financial condition, but also for companies who may have been refused credit by traditional lenders.

Article Source: EzineArticles.com

10 Compelling Reasons Why You Should Learn How to Start a Small Business In 2010 by Dave Fraser

Small Business’s are spreading widely around the world and have now become extremely popular as the most wanted business’s to start for several reasons. Contemplate for a few minutes what it will be like to work from home and never worry about waiting in heavy traffic jams or to be at your boss’s beck and call. Maybe now is the time to learn how to start a Small Business. Wouldn’t that be tremendous? In today’s fast moving world, a bit of extra income doesn’t hurt, that allows the regular person to get ahead in life so they can enjoy the little extra’s life provides that their existing job doesn’t enable them to do.

I am very aware from my own experience as that is what made me take the action required for me to enjoy the type of life I wanted to live and also to be able to provide for my family. But, the thing that usually comes up is people must be encouraged by something or pushed just to do something. Well, the reason for the next few paragraphs be to do exactly that, inspire you to do something. I’m going to cover with you the 10 best reasons why you should learn “how to start a Small Business” and the benefits behind each of them. I promise once you study them you’ll recognize that your own ‘Small Business’ might be worthwhile considering. Having said that, let’s go to reason #1.

1. Work for yourself.

Have you ever dreamed of being your own Boss? Well learning “how to start a Small Business” is a step in the right direction and what’s really outstanding is, you’ll never have to follow anyone else’s screaming orders, just your own.

2. Freedom to do what you want, when you want.

By being your own boss and with the ability to plan your own work hours, you now have the freedom to enjoy what you want, when you want to and with whom you wish at anytime. How about that for a great reason to get started right away. It’s liberating to be in control of your own life and do what you dream about when you want to.

3. Work when you choose to..

This is probably one of the best reasons in my opinion for learning “how to start a Small Business” just because you get to set your schedule for what hours you wish to work. This is particularly beneficial for stay at home mums or dads who have children to tend to and require some versatility in their work schedules.

4. Job security worries are a thing of the past.

By having you own “Small Home Business” you never have to concern yourself with receiving a “pink slip” from your boss or a “SORRY”, but the company has to reduce its employee numbers and you happen to be among the one’s who have to go.

5. It doesn’t put pressure on your existing job.

You better believe it, you don’t have to quit your current job in order to get started. You can start on a part- time basis until you’re in a position to replace your current income by using the income you generate from your new Small Business. Remember, you are able to to set your own working hours for when you wish to work on your business.

6. It builds a “feel good factor”.

Wouldn’t it be great to be able to tell all your pals and relatives or just anybody you meet that you’re an entrepreneur and you now run and manage your own flourishing ‘Small Business’. Pride can also work as a motivator. The more successful a person gets the harder they’ll want to work just to achieve the further goals they will have set for the business.

7. Cash is a powerful motivator.

Cold hard cash is a pretty understandable reason for running a ‘Small Home Business’ because why would you otherwise start an enterprise if you weren’t planning on making any MONEY. It also builds a feeling of security for your standard of living and the things you enjoy doing because the facts are… nothing is free of charge. Everything has a price.

8. You can take advantage of Tax breaks.

You heard right, you receive Tax benefits with running your own “Small Business” because now you’re eligible for your Small Business tax deductions. This is a category in it’s own and getting a good accountant who has knowledge of home business tax returns will be important in order for you to get the maximum return for the year.

9. You will get a confidence boost.

By setting up and starting your own business venture you will become a more confident person since it takes confidence to start something when you have no idea what the outcome will be as well as the what risks are involved, whether or not they are financial or personal.

10. The business could become your retirement package.

If the business turns out to be a SUCCESS and you invest wisely and put your hard earned dollars to work for you, wouldn’t it be great to retire early and do the things you’ve always dreamed of doing, but never had the time or money to do so. There you have it, “10 Compelling Reasons Why You Should Learn How to Start a Small Business… In 2010″

Now, if those 10 reasons don’t get you excited about starting a new “Small Home Business” then I haven’t got you fired up enough and you might need to study them again. If that is the case I suggest you do so now. I was once where you are now and those were the reasons that got me and many other people I know hooked on finding out “How To Start a Small Business”.

Take a paper and pencil and jot down why you’d most likely want to learn “How to Start a Small Business”, I”m sure you will match a number of the reasons above with me. Having said that, there’s a further thing I would like to mention and that is if you’re seriously talking to friends and family about how to start a Small Business, whether it be on the internet or high street, ensure you put together a “Step-By-Step” business plan with all the actions you will need to take and you should definitely start with a business you will enjoy running.

Want more “Step-by-step” advice on how to start your own Small Business working from home and have it up and running in as little as 2 weeks? Click how to start your own business to get a business plan and more valuable tips to get you started quickly.

Article Source: EzineArticles.com

Small Business Phone Service is Turning to Hosted PBX – 4 Reasons Why by Dave Gilbert

Introduction: As businesses around the world emerge from a devastating economic period, many are reevaluating their office phone systems and looking for new ways to gain a competitive advantage. Small Business phone service has always been judged by three financial criteria: initial capital expense, ongoing operating costs, and features. Through the next recovery period office phone systems will continue to be evaluated even more rigorously by these criteria.

Businesses all over the world have already seen business expectations regarding their office phone systems increase over the last 10 years as budgets have steadily decreased. Doing “more with less” and making their existing equipment last longer is not new to CIOs, CFOs or IT administrators, which have been squeezing efficiencies from existing systems and teams since the last economic downturn. The biggest difference? For the unforeseeable future, budget restraints are demanding more cost-effective, yet innovative solutions for office phone systems.

VoIP for business, also known as hosted business PBX is transforming the way IT departments build and deploy Small Business phone systems during lean times. By offering a fundamentally faster, less risky, and more cost-effective alternative to on-premises application development, hosted Small Business PBX will forever change the economics of voice communication.

Why choose a Hosted VoIp Small Business phone service? Choosing the right hosted PBX from a quality service provider makes available a platform that supports innovative voice applications so companies can build a customized business VoIP phone system in record time.

The most innovative and fast growing companies are looking for more efficient and cost-effective alternatives to traditional office phone systems and PBX equipment. The lessons of the last 3 years are clear. Businesses must continue to deliver additional business value in the face of consistent budget cuts. The old models for Small Business phone service increased complexity and generated additional cost. IT departments of all sizes are “looking to the cloud” to break the cycle. For those that have made the shift to hosted VoIP PBX and for those that are still on the fence, here are the four reasons why thousands of companies are betting that a hosted IP phone system is the right technology strategy for 2010 and beyond:

1. Delivers faster time to value
2. No initial capital outlay
3. Minimizes operational costs
4. Simplifies integration

1. Delivers faster time to value – During economic downturns, saving money monthly and conserving capital becomes more critical than ever. Many projects have been postponed or cancelled if they can’t show an immediate a very quick return on investment. With hosted VoIP Small Business phone service, a company can start saving money monthly on their Small Business phone service immediately and exchange their old lease payment on their equipment for a much lower one. One of the most overlooked advantages of installing a VoIP internet phone service is how much faster and less expensive it is to scale to multiple offices. Because a business VoIP phone is based on subscription pricing, there are no additional costs in servers or equipment in each of the offices. All that is needed is an IP phone. This model is the inverse of on-premises PBX equipment, which requires additional infrastructure and resources.

2. No initial capital outlay – A hosted VoIP PBX allows a business to begin with no initial capital outlay and easily scale the office phone system as their business grows. Rather than laying out large sums of money up front as a capital expense, you get to pay as you go and expense the service as an operating expense. This difference makes it a compelling option for CFOs who are intensely focused on financial predictability and project accountability. The pay-as-you-go model minimizes both project and financial risk because customers can scale their office phone systems based on business results and also ensure that vendors are held accountable over the project’s lifetime. There are no large up-front investments that lock a project into a specific technology. That means CFOs can account for the business value generated by the service during the same financial period as costs are incurred. In other words, VoIP internet phone service provides a better way for IT departments and CFOs to match investments in an office phone system with business value or return. Small Business phone service based on hosted PBX has the advantage of no up-front costs and therefore lower risk, in addition to leveraging more advanced PBX technology for less money. And because hosted business PBX charges from usually go in the column of business expenses rather than capital expenses, a business can invest in cloud-based projects even while IT budgets are being slashed.

3. Minimizes operational costs – With a hosted PBX there is no software and little hardware to purchase initially. Perhaps even more important,VoIP for business reduces overall maintenance and support substantially over time. With hosted VoIP Internet phone service, multiple environments are immediately available to developers, testers, trainers, and end users. Quality hosted PBX phone services include user administration, security, globalization, and centralized governance, all of which help to reduce project time and cost. Once the phones are installed, the hosted PBX provider manages the burden of operational maintenance. QOS, patches, and upgrades are delivered as part of the service, with minimal demands on IT staff. As a result, the IT team can focus on building business value instead of keeping busy with standard Small Business phone system maintenance and administration tasks. Such operational efficiencies are the result of a true multi-tenant PBX. Multi-tenant PBX makes possible a pace of innovation and collaboration that’s simply not achievable with on-premises platforms.

For example, instead of providing one upgrade every other year, at considerable expense to the customer, a quality hosted PBX Small Business phone service delivers three or four major upgrades every year that cost customers nothing. Whenever a feature or innovation is added to the system, everyone on the platform benefits.

4. Simplifies integration – Because a hosted PBX lives online in a secure server (the cloud) integrating your Small Business phone system is faster, easier, and less risky than ever before. It’s also easy to integrate and extend legacy environments, and with built-in toolsets for connecting to other cloud services including Salesforce, Act!, Microsoft Outlook and Exchange, Google, and Facebook. One of the most exciting trends in hosted IP phone systems is the innovation of phone and voice apps. Much like the apps available for the iPhone, these apps, developed by a growing number of third party developers adds amazing new capabilities to your business PBX.

Summary: In today’s economy, with limited budgets and a highly dynamic market, it’s critical to be able to refocus a Small Business phone system quickly, with minimal resources. Hosted business PBX architecture works together to speed IT productivity, while automatic upgrades ensure all customers always have access to the latest business PBX innovations.

Copyright (c) 2010 SimpleSignal

Dave Gilbert is President, CEO of SimpleSignal, the premier hosted PBX and SIP Trunking provider in the US. SimpleSignal provides reliable, money-saving, feature packed Small Business phone service to tens of thousands of business users nationwide. Find more articles and information on a range of topics and features of business VoIP and hosted PBX Small Business phone service at SimpleSignal’s Business VoIP Blog

Article Source: EzineArticles.com

7 Keys on How to Communicate Your Small Business Marketing Strategy by Sandra L Lee

Men and women in Small Businesses don’t have the same marketing muscle as large businesses. Trying to create a brand and image like big corporations – on a Small Business budget is a recipe for disaster. A Small Business simply doesn’t have the advertising budget needed to build a big corp brand and to gain recognition in the market through branding in the big-boy budget way.

So how is a Small Business to compete with the “big guns?”

The answer is by utilizing effective communication strategies with their customers and clients. It is by using strategies and means that are affordable and practical for Small Business owners. These are very different from the big corporate model.

As a Small Business owner, communicating with your customers or clients should be at the top of your agenda. Your customers will give you feedback which may help you improve your business. And, as the business owner, you must be sure that someone is listening because the most common loss of current customers… and new prospects, is indifference on the part of your service team.

If you use the right communication strategies, and team training, you can also cement your business in people’s minds so that they become repeat customers and loyal referral champions. So, their loyalty builds with you more and more. And, they become evangelists for your cause, ongoing.

Unfortunately, all too often Small Businesses miss this step and conduct themselves in a manner more reminiscent of large corporate companies. Number one: indifferent. Number two: impersonal. Number three: we’re right and “sorry about that” attitude. And, the list goes on. This can spell disaster for the Small Business owner. Unfortunately, big business often gets away with this. You won’t for long!

Here are a few tips to help you avoid these traps and communicate effectively with your customers and clientele:

#1 – Ask for feedback. Good or bad, feedback from customers can be the saving grace for any Small Business. You can’t fix things when you don’t realize they are broken. So negative feedback is good to have, versus working in the blind.

It will help you improve, tweak, and keep what’s working and get rid of what isn’t working within the business. It’s important to never become a “legend in your own mind,” or in the minds of your team, when it comes to customer satisfaction. First, and always, ask your customers or clients how they feel about your service. How do they think it could be improved? It is really only their perception and opinion that matters.

You can ask customers to fill in a simple survey card or a fun poll about their preferences, their experience, and so on. It may help to make the feedback anonymous and to make it easier for the customer to state their true feelings about your business. Adding a small incentive to do so doesn’t hurt either. Just remember it is what “they think” that matters. Not just patting yourselves, one another, on the back and saying, “We’re doing great!”

You simply are not the judge in this that matters. In this end, the customer is always right. Since, if made wrong, they’ll simply leave you! So, guess who wins.

#2 – Stay in touch. It’s a battle these days. You are fighting, whether you know it, or not – to stay in the minds of your customers – versus thousands of other marketing messages they are hit with every single day.

Even if the customer was impressed with your business in the first instance, it’s easy for them to forget about it or go somewhere more convenient when they’re in a rush. However, if you stay at the forefront of your customer’s mind then you’ll up the chances of them becoming repeat customers.

Local internet marketing, social media marketing and offer many free marketing strategies for Small Business owners to profit from. And, this is another big opportunity and area to explore for Small Business owners!

Send your customers reminders about your business and news about special offers that will benefit them. You can also offer repeat customers a discount voucher and other incentives to get them to come back to you. But keep in mind that the best incentive for customers to return is often a simple “thank you” and great customer service. And, this is a team effort. Not just an idea, or a once-in-a-while happening. Consistence in all forms of business marketing is key.

#3 – Differentiate yourself and dominate your market. You can do this by treating each and every customer as though they are your only customer and making them feel special. Send out birthday or Christmas cards to your customers – when everyone else is “too busy.” Look for ways to be memorable and remarkable, in your market, versus others who just copy cat one another.

It is unique distinctions that set you ahead of your competition. Whereas, most business owners just copy what their competitors do and soon they all look alike (to the prospect). That’s when price becomes the primary question for the prospect, since there isn’t anything else that really makes you unique or special in their minds.

#4 – Show constant appreciation. After all, if it weren’t for your customers and clients, you and your team have no reason to be there. Right? So, freely let your customers know you appreciate them by sending a simple thank you card, perhaps with a discount voucher inside. Or, maybe an online option through your own newsletter through services like Constant Contact. And in some cases a small thank you gift may be a worthwhile investment for major loyalty and return business – depending upon your customer’s contributions to your business.

Treating customers well is one sure way to stand out from the competition in any economy – in any business.

#5 – Get creative. Many businesses use the same old boring marketing strategies. Why not stand out from the crowd by “juicing” up your marketing? Humor goes a long way in marketing – come up with a funny campaign that will grab your customer’s attention. Or, something engaging your customer like a “quiz” night at your restaurant, or bar, for example.

What may seem “crazy” to some can catch the eyes of potential customers or clients and get them interested in your business. Being at your place a particular night of the week, versus home, or somewhere else. The first step is always getting the customer through the door – a creative marketing campaign will help you do this. Once they’re in the door it’s up to you to WOW them with your services and keep them coming back.

Communicating effectively with customers and clients doesn’t have to be difficult. It’s all about connecting with people on a more personal level and setting up your business to help your customers to receive exceptional value. A few simple strategies can help you achieve this and stand out from the competition.

#6 – Use local marketing online. This is one of the most front running marketing gold mines today. As of this writing, 43% of all searches on Google are for local businesses, by city, state and zip code. This is people using local search, to buy services and products offline, at brick and mortar stores like yours. Online search has taken over internet yellow pages and print yellow page use and is growing daily.

Google is the king of local search marketing these days. You may, or may not be part of “page one” on Google. If you’re not, it is wise to find out how you can be – since this is the “king of search engine traffic” and people finding your local business via Google is money in the bank. Our clients absolutely love this solution with us, since they begin seeing new traffic in their doors almost immediately.

In any case, reach out to local business experts in your area, or online, and find a coach or mentor to help you speed your business success. Learn how you can optimize local marketing online. There are too many options today, to be an expert is every area, and run your business, too! So, look for experts who can help you take advantage of local online marketing options at reasonable fees. They may even offer you a customized marketing plan to use as your monthly map to business growth.

#7 Every “pro” has a coach. To help speed your marketing success along, you will be wise to find one or more mentors, to help you in your business ownership journey. And, Lord knows, it is a journey! Personally, I’d say do it now. Find a business and personal coach sooner than later. It can speed your success by years ahead of your competitors… and, probably save you thousands of dollars, if you connect with the “right one for you.”

All that is wasting is your time, money and loss of customers in the meantime… if you don’t really have the marketing expertise you need, in addition to your specific business know how. Most business owners I’ve met over the years know their “business expertise” very well. Other things, like marketing, is another matter. And, often since they are week in marketing, they simply don’t do it. Big mistake!

As I say, find a coach, a pro to help you… and, watch your business grow beyond your competition! Much in successful marketing includes a practical, systematized plan, that is consistently acted upon. No time like the present to ACT upon your success! My best wishes to you in that end!

Sandra is an experienced mentor in business growth strategies and practical Small Business marketing systems. Her target market is business service professionals. A business management and marketing consultant since 1987 – practical marketing and leadership coaching for independent business professionals are Sandra’s passion and expertise. She is a Small Business success systems pro. She offers over 20 years of proven experience: practical and affordable business solutions. Sandra has served hundreds of Small Business professionals to prosper nationwide.

Lee says, “Frankly, if you don’t get people the results they want, making their business or personal lives better overall, they simply don’t invite you back, or come back to see you!” Sandra has long term clients, most over 10 years. Why? Because of the results they enjoy with Sandra’s coaching and guidance. Learn how you, as a service professional, can enjoy greater success with your team, with business success strategies with Sandra Lee at http://www.profitwithsandralee.com!

Article Source: EzineArticles.com