Sometimes it is hard to keep up with a business and all of the responsibilities that come along with it. For some people, the business profit does not work out to be in their favor. It is sad when you see another small business close its doors. 50% of small businesses fail within the first five years.
There are a few things you can do to try and save your business from closing up for good. The first is to find what the root of the problem is. There has to be a reason as to why the business is failing. Is it not being able to collect invoices? Does the business model need to be restructured? Once you are able to find the problem, you will be able to fix it.
After you have found the problem that has been causing your business to fail, find what opinions would be best for you. Just because the business is failing does not mean you cannot turn it around and start making profit again. Come up with the best solution to the problem and act upon it ASAP. The quicker you act on fixing the issue, the faster your business will make a turn around.
Some of the best advice giving to those who own a small business is not what you would normally think of. When starting your own business, there is a lot of stress that comes along with it. Worrying about this and that is a constant day to day struggle. One tip about owning a small business is to not stress about the systems and the protocol at the business, but rather worry more about connecting with people. The networking that you make will help your business grow more. Clients, colleagues, and business partners will judge on how well you connect with them. Relationships are your greatest assets. Having great customer communication will only boost your business in the right direction.
Networking is a huge part in owning your own business. With the networking, you will be able help the business develop more. Not everyone that you connect with for your business will help advance your business, but everything you do can be motivated by the purpose to grow your business.
Over the past 5 to 10 years, business etiquette has made some big changes. Work attire, attitude, and work environments are all evolving with the change in technology. The increase in today’s technology has taken away the formal side of business. A lot of companies today do not require business attire at the work place. The more casual a person is dressed, the more casual their attitude and work ethic becomes.
First impressions are the most important when working in business. The attire that employees wear says a lot about their business. If someone was to walk into a law firm to find everyone in jeans and t-shirts, you would not find their business professional. Do not make the error of doing this with your business. Attire for the work place at a business depends on the business itself, so do not make the mistake of giving the wrong impression.
It was a pleasure to have Diane Helbig guest speak at our lunch and learn yesterday July 10, 2013. Those who attended learned much about how social media can impact a business and help company profit. Social media is a growing tool in today’s world, which businesses need to be using to their advantage.
One tip Diane spoke about stood out to me. Everyone knows how great social media can be to help their business grow, but there are a lot of mistakes a company can make when using social networking sites. First would be focusing on sales, and not connections. When a company is just starting out on social media, they put an emphasis on increasing their sales. This is the wrong way to be approaching it, for the word “social” within a phrase means the users wants to be social on these sites. If your business is only posting about products and sales, you will off-put your viewers. Be smart when using Facebook and Twitter, your company is looking for connections on these sites not selling a product. When you have effectively connected with a viewer, they will be more likely to purchase one of your products. Making sure you are taking the right steps on social media will help your business expand more.
Looking to gain knowledge of social media marketing and email marketing for your business? Come join us on Wednesday July 10, 2013 for a Lunch and Learn with Diane Helbig, the author of Lemonade Stand Selling.
The event will start with lunch at 11:45 a.m. and Diane speaking from 12:15 p.m. to 1:00 p.m. After will be a 15 minute Q & A with Diane.
Tickets are worth a $30 value. Attendance is free! LIMITED SEATING so reserve your seat now!
To reserve a seat, click here to RSVP or call (330) 836-2937.