Archive for April, 2010
The Key to Business Expansion is Networking
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In today’s world, the key to running a solid, ever-growing business is networking. However, not many business owners comprehend the purpose of networking nor do they know how to do it. The fear of socializing with others seems to stop certain people in their tracks, and you cannot allow that to occur. There is a technique to networking successfully, and here is a basic guideline to keep in mind next time you attend your next networking event.
Dump the Sales Attitude
When you are going to network with other colleagues and business owners, think about connecting with as many people as you can without selling to them directly. You are not going to make sales to these people. However, they may be connected to your target market without you realizing it.
For instance, if you are a kitchen cabinet distributor and attend a local interior designer association meeting it is not because you are going to sell directly to the members. You are going to talk about your product in hopes one of the interior designers has clients who will purchase your product. You are not in the mindset to sell, sell, sell. You are thinking about how to make connections ensuring sales will be made down the line.
Follow-Up Regularly
Once you make these connections, do not drop the ball. Stay in touch with these people. Send follow up emails. Visit an interior designer’s office you met during your networking event and bring breakfast or sweets for afternoon snacks. Keep reminding them that you exist. Food is an effective way of attaining this goal.
If you are in a financial bind and need a small business loan to cover expansion costs, talk to a lender today.
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Top 4 Ways to Reduce Employee Theft
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All companies have to address employee theft prevention. It is a common issue to deal with amongst small business and large corporations but with proper preparation, setting guidelines, and discussing the issues with employees stealing odds decrease from occurring at your workplace.
Write a Theft Prevention Policy
Putting expectations and punishment in writing seems to do the trick with most businesses. You have an outline for employees to follow ensuring they do not engage in or repeat any unacceptable behavior in this arena. The law of the land is clear when it is in text.
Conduct Background Checks
It is common for a potential employee candidate to sign permission documents allowing employers to conduct background checks. It is part of regular practice in today’s hiring world. Check for criminal activity. Utilize it to verify educational background, and past employment positions. It is part of creating a healthy, safe, positive work environment by filling the posts with honest and truthful people. This type of environment encourages a cohesive workforce that will be more adapt to elevating each other’s work rather than tearing it down.
Generate a Happy Work Setting
When employees feel valued, positive, and appreciated then the chances of employee theft drop significantly. In addition, be sure you are paying your employees fair wages. The better wages offered the less likely chances of stealing cash occurs.
Check the Books
Furthermore, check the accounting books regularly. Be certain client checks are being deposited into the correct banking accounts. Make sure no employees are skimming off the top.
All of these are great tips to help employee theft from unfolding at your small business. If your business is low on cash flow or operating costs then consider an unsecured business loan today.
The Secrets to Starting a Cleaning Business
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Everyone is trying to discover new ways to make money in this lousy economy. One way is to start your own cleaning business. You could concentrate on foreclosure homes and sprucing them up for realtors, focus on offices and businesses or target homes in your area. Either way, there are universal tips on how to progress in such a field. If you have the cash flow then these tips will kick you off in the right direction.
Know the Market
You need to ask around regarding what are people currently paying for regarding cleaning services. Is it based on square footage? What services are expected for specific prices? How long does it take to clean a certain size home? These are relevant questions to ask for you need to know your market before jumping into the industry. Plan price points at competitive positions ensuring you get the job over competitors, but make sure it is worth your time.
Prepare Cash Flow
It is going to take some cash to cover operating expenses, start-up costs, materials and transportation. Organize for these costs prior to distributing any marketing, advertising and/or promotional material. Do not spread the word about your business until the money is ready to go.
Starting your own cleaning business is a great way to earn additional income in such a slow economy. Talk to a small business loan expert today and find out what options are available to you.
