Posts Tagged ‘small business’
Consulting firms in Indonesia is not so prevalent as in neighboring countries. However the role of consulting firms, consultants, marketing and business consultants are now increasingly feels the importance with increasing competition in the business world. Anything noteworthy to choose business consultant, marketing consultant for your company?
In General, existing business consultants are those who are academically trained and lacking experience as a businessman. Although there are arguments that the consultant is reliable is not always used to be a successful businessman, but you need to consider. Coach basketball success in the NBA, a professional basketball league in America, giant football clubs Club coaches on the continent of Europe, is a former professional football and basketball player. They have experienced a bitter become professional players, so it can guide the professional players of their orphanage. It is worthy of you as businesses consider, whether you want to receive a briefing from them claiming to be professional, but less experience or even never do business, let alone become a successful businessman.
Consulting firms or consultants that have already become marketing entrepreneur or business people, and most have never successfully manages his company, would be an asset for your business. If they haven’t been doing business, or even once a businessman who failed, what they can contribute to the effort and your business?
If you only want to hear the business theory theory, which mostly just giving you homework and the chart table and the form you have to fill in, it might be more efficient for the price, if you buy a book like the Pocket MBA guide MBA and so on. The choice is in your hands. Many consulting firms, marketing or business that is well known, but not necessarily they have what you need to become more successful.
Consulting firms that can actually help You are those who understand the theory and practice of business practices comprehensively, both theory and its application on the road. Large companies such as Unilever, even require prospective top executive works starting from the bottom and never done canvasing on the market traditional market
Creative business owners who are just starting, assumed the role of consultants are often not important. Or the reason is “the consultant is expensive”. In fact, if a businessman thinking of employing a consultant in economical, start-up company you instead many cost-saving. What costs can be saved? The cost of failure and ignorance.
A good business consultant, will share his knowledge of managing the business with you. That is, you are helped gone through some critical stages of entrepreneurial without having to actually get through. Because one of the roles of the entrepreneurial consultant is primarily to advise and tips on how to manage the company to get through these times.
There are several pros and cons to hire consultants, as follows:
Creative entrepreneurs establish businesses according to what she liked. As a photographer, then he will set up a business that deals with photography. With the hiring of consultants, the entrepreneur can focus on the field of photography is preferred, photography. In the meantime, the problems of business operations, can be submitted on business consultant.
Pros: Cost Effective
Hiring a consultant is relatively cheaper than hiring employees remain. A professional in the field of management, usually will require relatively high salaries, even if your business is a start-up. In addition, the attractiveness of a professional is hired to want to work allowance. In the meantime, contractual consultant contract normally off. You don’t need to spend the cost benefits are high. In addition, as a freelancer, consultant fees so flexible.
Each consultant has a background job specialties of each. If the consultant has worked in the field of Human Resource, then he will use the approach of Human Resource. And so on. Rarely has the knowledge of general management, if it is, a lot of knowledge in particular only half-half.
A business plan has the following advantages
It helps to convince others of the planned projects: If someone has worked out a business plan, one can assume that he is intellectually engaged intensively with the project and has the serious intention to implement the project.
It is essential to raise capital: Without representation of the economics of the concept, it would be extremely difficult to attract investors.
It offers the opportunity for success: The plan is the starting point for each controlling. Each step can be retraced. Any deviation requires an evaluation and possible adjustment of the plan. Imbalances at an early stage, appropriate measures are taken.
He forces us to systematically approach: When creating a business plan, the author is forced to think through everything logically and systematically. Knowledge gaps are visible. Problems are identified. Decisions must be made. It must be considered alternatives.
It gives an overview: The finished business plan pieces together into a whole. All parts must fit. The dimension of the proposed project is visible.
It increases the chances of success: A nobody would begin construction without a blueprint. This means that a per-elaborated business plan makes the implementation of a business idea very much easier. That increase the chances of success by creating a business plan, is now confirmed by the practice. Because a faulty plan, serious deviations from the plan or a non-existent plan is the most common causes for the failure of an establishment in Germany.
It helps to better assess risks: The implementation of a business idea is always associated with risks. Risks may arise within the company itself or from the market. Risks can not be excluded. But careful planning and an awareness that in one case or another there is a risk, mitigate the negative consequences of declining significantly. Identified risks can be mitigated or eliminated, for example through financial reserves.
It helps identify dependencies: Even if a business plan is divided into separate modules, so it is important that all the chapters fit together content and the project is consistent. Make statements to the target group have an impact on the marketing plan. The communication plan must deal with corresponding figures in the budget are back. Planned revenues affect the capital requirements. If the business plan is completed, it becomes clear whether all the chapters fit together at the end of a business plan.
Whenever a business idea to be implemented concretely in a start-up projects, a business plan is needed. It does not matter how big the foundation’s projects. If someone opened a flower shop, the person needs a business plan just as if a new innovative production process was developed. The questions are the same. Only the scope of the plan will vary. But start-ups are contrary to popular opinion now no longer the only area of business plans. In large corporations it has become conventional to work with product launches, corporate expansions or purchases with the tool “business plan”.
Business plans are used for the following occasions:
Company sale or acquisition
Structural change and realignment
new product introduction
Expansion into other markets
Applying for public funding
Obtaining extension of credit from the bank
Strategic planning and operational business plan update
Before the fresh funds in the cash they hurried out to finance all their operations .. Then the business shall immediately obtain new revenue from the sale of product-product that they sell as soon as possible, and certainly in quantities large enough to just cover all their expenditures .. . In order business will not be hurried out of their reserves of fresh funds, which of course would also make it difficult to run their operations.
Meaning .. A newly established business must immediately focus on himself to survive immediate first .. (Survive) as soon as possible to generate sales. Ideally .. Once the business is in the open day .. Later that day business has been able to generate sales ..
And what with the re-organization, staffing .. etc. ..
That can wait for later .. What matters is the last first .. It’ll clean up the problem that the business has managed to survive ..
Because .. if it can not survive .. What that must fix it ..
To be able to survive .. Then the business must have a minimum income equal to expenditures that should he have to cover every month. This means that business as quickly as possible should be able to develop the ability to be able to record the sale as quickly as possible in large enough quantities to make it stand strong enough and fresh enough to hoard a lot of money to be able to make enough energy to enter the next phase .. Namely GROW / GROW .. !
The greater the number of sales they can get. The more healthy and grow many fresh funds which they can store up as food reserves needed to grow the business later.
Well .. Therein lies the problem …
Business had just stood up .. generally do not have personnel experienced and reliable enough to sell .. Especially if they are dealing with product-product that is not much needed by the market .. Then they will soon enter the deadly trap that will make them hard to earn ..
Because according to my observation, very few business people who sell the product-product exclussive who managed to survive in the early days of their business, compared with the number of businesses that fail (80% fail .. and only 20% are successful .. Michael E. Gerber ).
If this rate is how dong .. Experienced many years in sales it is still problematic in getting the sales figures are high enough let alone who are beginners .. A newly established business it yesterday afternoon?
Well for that you should understand the following raw sense ..
Business is a simple game to make your money grow and grow all the time, the road to meet market needs better than could be done by your competitors.
Any need or problem being faced by the market .. So that’s where your best opportunities to make your money grow and grow …
A successful business, is a business that has high sales figures, while the business is failing, is the business that have a low sales figures.
How was the continued high sales would have if the new company does not have a high ability of salesmanship?
Easy .. You should start with product-products that are needed by the market in large enough quantities. This is because, product-products that fall into this category .. Always have a tendency not require special skills to sell it to market.
Be careful with fresh money you have. Once he was out of cash your business. You can never predict when he’ll return.
Even the opportunities that look very nice though. In fact it is not easy to get it. “
As we discussed earlier, that all business start-up at all do not have enough income from their sales. As a new player, they do not have customers in sufficient quantities, which can guarantee a regular income for them in large numbers. Likewise with your new business.
In conditions like these are still very critical, a new business you will need a reserve fund in a very large number. Even bigger than you ever planned before.
When you start a business, here would be Murphy’s Law applies. That everything that has your forecast and plan. Everything will take 2 to 3 times longer to be in reach. Likewise with the funding requirements in make it happen .. You would need 2 to 3 times more than you ever forecast and plan ahead.
Therefore, it is not wise if you spend new funds you have on your business inception. It is precisely in order not to make the money grow. But it is allocated to inventory holdings company that has nothing to do with selling such an expensive office rental, office furniture of luxury, service vehicles that have not really needed. Vehicle facilities for employees and all other expenses that have nothing to do directly with sales.
Typically, in starting a business. You use your savings or savings of the people close to you like a family or a loan from your peers.
They have taken the risk to lose their savings to lend their money to your new business. A new effort is still very risky to fail. A new venture in which the Bank was not willing to finance it.
As I mentioned earlier. Banks would only lend to a new business after seeing the ability of the business, in record sales during the first 6 to 12 months the business stands. And not when the new venture will stand.
Therefore, you must realize how very precious fresh funds in your hands right now to start a business. Loss of these funds, but will destroy your reputation and life, are also potentially damaging to your relationships with people you love.
Therefore, one of the most important tasks you as the owner of a startup business is, keeping your business fresh funds are very tight and be careful in spending it.
According to Brian Tracy, fresh money is the life blood of life for a business. If the business you run out of fresh funds into reserves, then the business is quickly coming to an end.
The core game of financial management activities of a business is. How to make all expenditures will always result in measurable revenue. Required payments strategy and allocation of funds to create new funds in a business continues to grow. And another great, not all marketing efforts costly. In fact, many efforts are very effective even with almost no cost.
If you are a novice businessman .. Or just want to start your first business ..
Where should you begin to move when you first want to run a business?.
This simple question, was not so easily answered by many people .. Included also from academia ..
Each person has a different perspective of looking at a start-up business .. Business is just beginning .. Where should startup business in the beginning ..
80% of business start-up bankrupt in their first year standing and 80% of the amount remaining following the bankrupt before the end of the fifth year according to Michael E. Gerber in his book E-Myth is famous for.
This is because they started their business from the wrong direction .. From the direction they should not live .. And this is not only experienced by the layman alone .. In fact it is not uncommon, many of Professor was still making the same mistake ..
In some training and also the number of incoming emails to me .. Many are asking one thing,
“Mr. Laksita .. From where should we start a business? Which will not fail and certainly succeed if the lead, although we really do not have experience in running it? “.
The question is wholesale .. But the answer to this question is the most in waiting by most people who are getting ready to set up their business .. But still hesitate because do not know, from the point where they should go.
And of course the answer is very simple .. Because it is starting a successful business and not something that requires a high intellectuality of the owner, which often makes it even they are trapped in their own natural intellectualitas and eventually make their business more quickly bankrupt ..
Back to .. where you should start your business .. My answer is always .. START FROM THE MARKET ..
The market is needed today?
And what can you do to meet these needs better than could be done by your competitors
The market is facing a problem today?
And what solutions can you offer to this problem could be better than that offered by your competitors.
If you follow these simple instructions, then before you have stretched the ocean chance you take as a first step to your new business ..
The accounting software small business can indicate which parts of the business are doing well, which is necessary if underperforming and may also indicate the action where measures need to be taken. Precise control of the money due in and out of money because it is extremely difficult without the information to know these figures are significant. But may be critical for some businesses and use accounting software for small businesses that provide this information is crucial.
A disadvantage of accounting software for small business is that it may sound like a foreign language but do not have to be so difficult. The accounting software using a database may require some accounting skills to get the most from the system but there are other alternatives. A solution of accounting software small business written on excel spreadsheets that produces all the main requirements for all transactions visible might be an ideal solution for small companies with little or no knowledge of accounting or accounting.
Many employers who run a small business respect the role of accounting and recording of financial transactions and administrative burden. The accounting software small business should not be viewed in this way but instead as a tool to assist the creation of a safer rail benefits and early warning system to deal with problems if the business not performed.
Use accounting software small business for updating financial records at least once a month. With sales recorded each month peaks and troughs in performance are obvious and can then be examined to replicate those actions that produced higher levels of sales and cut those actions that produced few results. Hopefully the result is continued growth in sales.
Record all monthly costs and sales as the trend to higher costs or more efficient cost control will be apparent from the financial accounts. Also of importance is the profit margin is achieved and this can be viewed against the level of sales and justified. The performance of small firms born sellers reach high sales statistics but at the cost of lower margins as the business operation of the accounting tends to achieve higher profit margins but lower sales.
This statistic is also really like the fact that most small businesses are run by accountants and not the sellers but by skilled worker who applies his trade or field of specialization. Using accounting software for small business employers may judge what he would like the figures demonstrate against what they show and actually take steps to change the future and to produce the desired result. Without accounting software entrepreneur works in the dark depending on hunches something financial facts.
No matter how good or bad a business is cash flow or lack of them may well determine the future growth or in the worst case scenario, survival. Many small businesses that do not use a package and operation of the accounting solution for small enterprises in difficulties have often been in financial problems for many months before it is obvious because the reduction in profitability are hidden by credit extended suppliers or to tighten credit lines to customers.
Functions of each business through a range of disciplines, sales and marketing, operational skills, purchasing and management. The accounting software for small business are also an essential tool to bring financial discipline to the business. No matter how skilled and well trained business every small business needs a full range of functions to achieve the highest levels of success.
The first lesson in business is to ensure that the business has enough cash to negotiate the next day. It is just not being able to solve this target and the business that is why, particularly considering the accounting software should look for small business management as an essential piece of kit.
The accounting software for small businesses come in many ways some of which are more suitable for a particular business than others. However, the option to take a solid form of financial control is vital to ensure that sales are high enough to generate profit margins are sufficient, the costs are controlled, the benefits generated net cash flow is under control and losses can be identified and reversed or halted. No big business survive without a sophisticated system of financial control and small businesses have the same requirements albeit on a different scale.