Amanda Krill https://amandakrill.com Intuitive Alchemist Fri, 17 Jan 2020 11:08:22 +0000 en-US hourly 1 https://amandakrill-com.exactdn.com/wp-content/uploads/2015/06/cropped-akfav.png?strip=all&lossy=1&resize=32%2C32&ssl=1 Amanda Krill https://amandakrill.com 32 32 171411553 Avoid These Small Business Disasters https://amandakrill.com/avoid-these-small-business-disasters/ https://amandakrill.com/avoid-these-small-business-disasters/#respond Fri, 17 Jan 2020 11:08:22 +0000 https://amandakrill.com/?p=6249 Any company can suffer disruptions and disasters, but these can be more catastrophic for smaller businesses. When you have a limited number of resources and are reliant on your current cash flow to maintain operations, any business disaster could put your enterprise under threat.  Fortunately, there are strategies you can use to minimize the risk […]

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Any company can suffer disruptions and disasters, but these can be more catastrophic for smaller businesses. When you have a limited number of resources and are reliant on your current cash flow to maintain operations, any business disaster could put your enterprise under threat. 

Fortunately, there are strategies you can use to minimize the risk of a business disaster occurring. By being prepared for every eventuality, you can ensure that your organization is ready to weather any storm. To disaster-proof your business, take a look at these top tips now…

Inaccurate budget

When it comes to your figures, it pays to be hypervigilant. Cash flow is a major issue for small businesses, so overestimating your income or underestimating your expenditure could bring your firm to a standstill. 

Instead of guesstimating your expenses or simply replicating last month’s figures, take a more analytical approach. Using last year’s, rather than last month’s figures, may give you a more accurate estimate of your costs, as this will seasonal changes into account. In addition to this, online budget planners can be a useful way of integrating common business expenses, such as increased accountancy costs towards the end of the financial year. 

Prevent data loss

Losing business data can be catastrophic for your business. As well as losing valuable information, you can face additional fines and sanctions if you lose customer data. Furthermore, any type of data loss can cause customers to lose faith in your business, which may result in you losing some or all of your customer base.

Data loss is typically caused by hardware faults or some form of malware. Having appropriate maintenance, backup and security procedures in place can mitigate the risk of losing critical data. Click here for more information if you want to learn how to protect your business in a digital age. Accessing expert help will ensure your organization is operational at all times, regardless of online threats or hardware malfunctions, which means your turnover and profitability won’t be in jeopardy. 

Lack of funding

The vast majority of businesses require some type of funding, particularly when they are first starting out and during growth phases. However, some business owners are too quick to take out commercial business loans. If you’re struggling due to a lack of funding, explore every option to determine what works best for your business model. 

If repayments on a commercial loan are too high, it could cause your business to go under. As well as negotiating a better rate, look for alternatives, such as Peer-to-Peer lending, angel investors and family and friends becoming shareholders. 

Minimizing the Risk of Business Disasters 

Although you can’t always avoid an unexpected business disaster, you can be prepared for it. With the right strategies in place, you can future-proof your business and ensure business continuity. This means you will be able to keep trading and generating profits, regardless of internal or external threats to your firm. As well as staying afloat, this will enable you to operate more successfully throughout the year and could increase your profits by a considerable amount.

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What Skills Are Needed To Run A Business? https://amandakrill.com/what-skills-are-needed-to-run-a-business/ https://amandakrill.com/what-skills-are-needed-to-run-a-business/#respond Wed, 15 Jan 2020 20:24:59 +0000 https://amandakrill.com/?p=6207 Anyone can start a business. However, for a business to be successful, possessing a certain skill set can often be handy. Here are some of the key skills that you may want to develop before pursuing your entrepreneurial dreams. Problem solving Running a business is not a smooth ride. Problems will arise along the way […]

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Anyone can start a business. However, for a business to be successful, possessing a certain skill set can often be handy. Here are some of the key skills that you may want to develop before pursuing your entrepreneurial dreams.

Problem solving

Running a business is not a smooth ride. Problems will arise along the way – it’s how you deal with these problems that determines whether your business is successful or not. Ignoring problems and hoping that they will work themselves out isn’t the way to run a business. You need to be proactive in coming up with solutions. Such problems could involve anything from an employee suddenly leaving without notice to a competitor outpricing you.  

Problem solving involves using logic and creativity – you need a good understanding of the rules and an ability to think outside the box. There are usually three steps to problem solving: identifying the problem, researching solutions and making a decision. There are guides online as found at sites like Business Insider that can help you to develop your problem-solving skills.

Communication

Being a good communicator involves being able to convey your ideas and opinions in a fast and concise manner. Even if you plan to run a one-man-band and never take on employees, communication skills could still be important for conversing with customers and suppliers.

There are two main types of communication: written and verbal. Most businesses require a combination of the two. There are courses that you can take in communication to help you become more articulate. Becoming a good listener is also important.

Leadership

Leadership skills could be essential if you plan to take on employees. There’s more to leadership than simply giving out orders – a good leader is able to get the best out of their team by understanding each employee’s strengths and weaknesses, while also constantly offering support and motivation.

You can take courses in management as found at colleges such as the University of Alabama Birmingham. Such courses can teach you everything you need to know about managing people. There are also plenty of books worth reading on leadership, as well as online guides. 

Negotiation

Being a good negotiator can also come in handy when running a business. There could be times when it allows you to save money such as buying work equipment. In other cases, negotiating could be essential for defusing conflict such as calming down an angry customer or helping two bickering employees to get along.

Negotiating ties into communication skills but can also involve an ability to weigh up value fast so that you can make quick calculated decisions. There are plenty of guides to negotiating in business online.

Time management

Business owners often have to juggle multiple responsibilities. Being able to dedicate enough time to all of these involves having good time management skills.

You can develop good time management skills by learning to schedule everything and by knowing when to delegate and when to prioritise certain tasks. Calendars and alarms can be useful tools for keeping you on a schedule. There are courses that you can take to develop your time management skills.

Budgeting

Knowing where and when to spend money is also a valuable business skill. By becoming good at budgeting, you can minimise the need for unnecessary debts. As a result, you could save a lot of money in the long run. On top of this, keeping a record of expenses could be essential for filing tax.

Many of us can become good at budgeting simply by keeping track of personal expenses. If you can keep to a tight personal budget, it’s likely that you’ll be able to do the same with a business. Learning to use business accounting software could also be useful. On top of this, there are plenty of courses that you can take to improve your financial management in business. 

Sales and marketing

Attracting new customers and encouraging previous customers to return involves marketing. This could include everything from designing a website to hosting a sales conference.

Sales and marketing is all about the art of persuasion – it involves understanding your customers and appealing to their needs. There are various hard skills that you can learn to become skilled at marketing such as social media marketing and SEO. Being able to build a strong brand identity is also important so that your business stands out.

Do I really need to master all of these skills?

It helps to try and develop all of these skills, but you don’t have to be a master of all of them to succeed in business.

It’s possible to hire and outsource people who are already experts in these skills to help you run your business. For instance, if you’re terrible at managing money, you could always hire an in-house accountant and financial advisor to help you budget. Personal assistants meanwhile could be hired to handle all your time management, while a marketing company could be outsourced to handle your marketing.

You can’t delegate and outsource all skills. Communication for instance is essential – even if you hire someone to handle all phone calls or manage all PR, you still need to be able to communicate clearly with these people who you hire. For this reason, you should try to develop each of the above skills to a point where you feel relatively competent.

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Making Clients Feel Comfortable In A Sales Meeting https://amandakrill.com/making-clients-feel-comfortable-in-a-sales-meeting/ https://amandakrill.com/making-clients-feel-comfortable-in-a-sales-meeting/#respond Wed, 15 Jan 2020 13:23:17 +0000 https://amandakrill.com/?p=6196 Are you deep in talks with your B2B client hoping they will buy your products or services? Maybe you’re in negotiations with an investor that is almost at tipping point in favor of a big sale. Or, perhaps you’re striking a meaningful relationship with an official authority. Whatever kind of situation you’re in, a sale […]

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Are you deep in talks with your B2B client hoping they will buy your products or services? Maybe you’re in negotiations with an investor that is almost at tipping point in favor of a big sale. Or, perhaps you’re striking a meaningful relationship with an official authority. Whatever kind of situation you’re in, a sale is not final until they’ve made the transaction. Anything other than that, you must keep your guard up and be ready to answer any questions. But the whole point of a sales meeting for you is to make your client feel welcome and comfortable. Bear in mind, you’re asking them to trust you and part with their money. A number of factors play into this proposition, but you can always rely on certain rules to make your clients feel they are making the right choice in you.

Over at your place

If you’re going to finalize a sale, make sure you’re inviting your client over to your place. The contract should be signed in your offices, with a few hours dedicated to making your client feel welcome. Fly or transport your client in if they wish. If they’re an international client, put them up in a great hotel close to your business. In the morning have a car pick them up and drive them to your offices. Make sure there’s a welcoming party at the reception and that they don’t have to be told to be let in by security or your front desk. They should already be known and welcomed with open arms. Once they’ve arrived, offer them refreshments and escort the client to the signing room. You should personally be waiting outside the room for them and show them in with a smile and light conversation.

The final details

The client will be doing exactly what you would be doing if you were in their position. They’ll be running every single detail through their mind over and over just to make sure they’re making the right decision. You should be doing this for them. Go over some of the details they initially had issues with and read through the lines of the contract that have been amended or perhaps offered more clarity from a re-write. Finally, offer your clients an opportunity to read through the contract one more time if they wish and then get down to settling the bill.

Immediate initial order

You never know the situation of the client, despite what they might have told you up until this point. They may, in fact, need your products and or services right now and payment cannot wait for the sale. Tell them that you can accept payments via a VPOS and offer to fulfill any immediate initial orders right then and there. With this kind of virtual point-of-sale terminal, you can make card transactions, authorizations, voids, and even adjustments. Many clients will want a small batch of products or access to your services as soon as possible, so accommodate them if you can by making a quick but small sale.

Putting your client at ease just before a sale is finalized truly is an art form. Take your time, make the whole experience memorable and even give them an immediate sale if you can. 

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Buying The Best Machinery For Your Business https://amandakrill.com/buying-the-best-machinery-for-your-business/ https://amandakrill.com/buying-the-best-machinery-for-your-business/#respond Wed, 15 Jan 2020 13:18:19 +0000 https://amandakrill.com/?p=6190 Whether you’re buying computers for an office or manufacturing equipment for a factory, it’s important that you plan out your purchase and do your homework. Here are just a few steps for helping you to buy the best machinery for your business. Understand your needs There’s no point wasting money on machinery that you don’t […]

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Whether you’re buying computers for an office or manufacturing equipment for a factory, it’s important that you plan out your purchase and do your homework. Here are just a few steps for helping you to buy the best machinery for your business.

Understand your needs

There’s no point wasting money on machinery that you don’t need. If you’re buying machinery for an office, consider whether you really need an industrial printer capable of printing 60 pages per minute? In fact, you may not need a printer at all – many companies are now outsourcing printing when they need it, adopting a paperless work environment.

Know your budget

It’s easy to overspend on equipment. Have a clear budget in mind so that you’re not tempted to blow all your funds on premium machinery. If you plan to buy machinery on finance, know exactly how much you’ll be willing to spend each month so that can choose the right lender. Used machinery could be cheaper to buy, but you should factor in the possibility that it could be less reliable than a new machine.

Read reviews

Reviews of commercial machinery such as this Boss laser cutter review are worthwhile reading. They can help you to identify the pros and cons of a particular model so that you end up buying a machine that is reliable and suitable for your needs. Reading reviews could be particularly important when opting for cheap machinery – many low-end models may sacrifice quality, which is something that you don’t want when using a machine for professional purposes.

Buy from a reputable seller

It’s also important that the seller has a good reputation. There may also be reviews of the seller online that you can take a look through. Other signs that a seller is reputable could include award badges on their website or a social media page with lots of followers. All in all, it’s best to use an official company rather than buying from an independent seller on Gumtree. While you can sometimes get a cheap deal buying office equipment second-hand from a closing company, there’s less guarantee that you’ll be getting machinery in good condition. Official companies may be able to offer perks like warranties so that even if machinery breaks, your purchase is protected.

Think green

Companies around the world are now being urged to think environmentally. When purchasing machinery, try to consider factors such as energy efficiency. You’ll not only reduce your carbon footprint by purchasing a energy efficient machine, but you’ll also save yourself money. In the case of manufacturing, it could be worth looking into machinery that helps your reduce waste. There could even be machinery out there made of recycled materials to consider. 

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The Secret To Sealing Deals During Afternoon Meetings https://amandakrill.com/the-secret-to-sealing-deals-during-afternoon-meetings/ https://amandakrill.com/the-secret-to-sealing-deals-during-afternoon-meetings/#respond Thu, 09 Jan 2020 17:42:59 +0000 https://amandakrill.com/?p=6067 Meeting with big-time clients or investors is the crux of what you do as a business owner. As such, it’s hardly surprising that you put a great deal of planning into the process. While there’s no such thing as the ‘perfect’ meeting, most managers know that an early morning appointment tends to be the most […]

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Meeting with big-time clients or investors is the crux of what you do as a business owner. As such, it’s hardly surprising that you put a great deal of planning into the process.

While there’s no such thing as the ‘perfect’ meeting, most managers know that an early morning appointment tends to be the most productive time for sealing successful deals. This is when your team and theirs are at peak performance. By comparison, arranging fundamental meetings during the notorious afternoon slump can lead to much lower acceptance rates.

Sometimes, though, a client won’t be available to meet until mid-afternoon, and declining upfront would be madness. The solution? Putting the following pointers in place to guarantee that you’re able to seal deals during afternoon sessions, too. 

# 1 – Let your employees take a break beforehand

Employee peak performance is never so important as in a meeting like this. As such, you may fall foul to making them work through until that afternoon appointment. This is fatality number one. As studies are continually proving, breaks in the workplace are fundamental to everything from productivity to focus. If your employees have worked non-stop, they’ll experience burnout, decision fatigue, and even potential memory problems. Make sure that doesn’t happen by guaranteeing they take a decent break, preferably out of the office, at least an hour before the presentation is set to start. 

# 2 – Tackle the sun

The sun can become a real business nemesis where afternoon meetings are concerned. It’ill be at just the right place to stream through those office windows and send everyone sleepy. This is a problem considering that sleepy employees won’t exactly be on the ball as required, and dosing clients are never going to bite. Solutions here could be as easy as moving to a north-facing meeting room. If that’s not an option, something like sun-blocking windows or the installation of retractable awnings for shade may be necessary. These small steps can keep things cool, and help everyone focus on the matter at hand. 

# 3 – Pitch to the point

A pitch with clarity always matters but never more than when you’re pitching during an afternoon session. By this point, your clients are likely tired, and this may not even be their first meeting of the day. If you try to dress your pitch up or include a load of information that isn’t relevant, there’s a high chance they’re going to switch off. Perhaps the most essential key to getting afternoon meetings right is, therefore, to get to the point as soon as possible. The more concise, clear, and short your pitch manages to be, the more chance that even meeting-fatigued clients take enough interest to sign that contract.

Morning meetings are always going to be a preferable choice, but don’t freak out if an afternoon slot is the only one available. With these simple pointers to hand, you should find that you can wow the right people no matter the time of day.

 

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3 Ways You Can Be Your Own Worst Enemy In Business https://amandakrill.com/3-ways-you-can-be-your-own-worst-enemy-in-business/ https://amandakrill.com/3-ways-you-can-be-your-own-worst-enemy-in-business/#respond Mon, 06 Jan 2020 18:08:07 +0000 https://amandakrill.com/?p=6059 Who is your worst enemy in business? Chances are, you will probably cite a rival business owner, be that your local supermarket, or one of today’s trending online behemoths. These troublesome foes can do much to limit the success you experience. But what if we suggested you were your own worst enemy? Would that surprise […]

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Who is your worst enemy in business?

Chances are, you will probably cite a rival business owner, be that your local supermarket, or one of today’s trending online behemoths. These troublesome foes can do much to limit the success you experience.

But what if we suggested you were your own worst enemy? Would that surprise you? It shouldn’t, especially if you fall prey to the same bad habits that many business owners are guilty of. So, check out the previously linked article, and read on below. It’s time to reflect on your actions as a business leader.

You are your own worst enemy in business if…

#1: You do way more than you should be doing during your business day

There is much to do each day, we know. With a team to manage, accounts to figure out, customers to speak to, and investors to impress, it might be that your to-do list is never-ending. You might then start work early in the morning, finish late at night, and even spend your ‘time off’ engaged in business activities. The upshot of all of this? Stress, tiredness, and even burnout. Your health will suffer, and so will that of your business when you are too tired to carry on.

Our advice? Dwindle down your to-do list by outsourcing to others, delegating to your team, and automating some of your responsibilities using the tools provided by Fourth, or any other that is relevant to your business. You will then have less to do, you will have more time to commit to quality work with your other tasks, and your business will have a chance to prosper and grow because of your renewed energy.

#2: You give up easily

Running a business is hard, and there will be times when you make mistakes, suffer defeat, and experience a lack of confidence. During these times, you might give up. You might resign yourself to your failings, and decide to stay in your safety bubble instead. As a result, you will never grow, your business will never grow, and you will never experience the success that could be awaiting you. Sucks, right? 

Our advice? Remember that you’re only human. You aren’t perfect, so you will make mistakes. But rather than let them limit you, face them head-on instead. Commit to a period of self-analysis and work out what might have gone wrong. Seek the support of the people around you, and ask them to lend you a hand. And better yourself by taking the relevant courses or by reading the relevant books or website articles. You have the potential to be better, so don’t give up. You can do it!!

#3: You do the same things over and over again

Hey, if these same things are working out for you, then great. But if they’re not, it’s time to stop relying on them, as your business will never grow, and you will fall behind your nearest business competition.

Our advice? Conduct your own business audit, or bring in an outside professional to do it for you. Figure out what’s working and what isn’t, and if any changes need to be made, change them. It might be that you need to alter your marketing strategy, for example, or you might need to invest in new business technology. When changes have been made, and you start to approach your business with fresh thinking, you might be one step closer to achieving your business goals. 

So, are you your own worst enemy in business? You might be, especially if you have related to the points we have made. Be your own best friend instead, and make the necessary changes to improve the future of your business.

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Why Increasing The Number Of Women Healthcare Execs Will Help Us All https://amandakrill.com/why-increasing-the-number-of-women-healthcare-execs-will-help-us-all/ https://amandakrill.com/why-increasing-the-number-of-women-healthcare-execs-will-help-us-all/#respond Thu, 02 Jan 2020 14:13:52 +0000 https://amandakrill.com/?p=6055 For many years, women have played a prominent role in the healthcare industry. Data suggests that upwards of 78 percent of the total healthcare workforce in the US is female.  But there’s a problem: while the overall level of female participation is high, the number of women in top-flight executive positions is low. Only 11.2 […]

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For many years, women have played a prominent role in the healthcare industry. Data suggests that upwards of 78 percent of the total healthcare workforce in the US is female. 

But there’s a problem: while the overall level of female participation is high, the number of women in top-flight executive positions is low. Only 11.2 percent of healthcare CEOs are women, and only 17.3 percent are COOs. 

Evidence collected to date, however, suggests that the performance of the industry as a whole would rise if there were more women in senior positions. Thus, companies could stand to gain a great deal if they can find competent women to take over the running of their enterprises. 

Data from a variety of sources mentioned in the infographic below add weight to this argument. In general, the more female representation that there is at the top of healthcare companies, the better they perform, both for patients and investors.

These findings are incredibly important for the future of our society. We need to develop tools today that allow us to administer healthcare efficiently to a rapidly aging population. New medical developments may keep costs from rising exponentially, but that is by no means guaranteed. Female leadership may be a critical tool, therefore, in the fight against healthcare sector bloat, driving the innovations the industry so desperately needs to keep costs down. 

Take a look at the infographic below. It delves into the reasons why having more female healthcare executives will help the economy and provides examples of women already proving that it can be done.  9th


Page for this infographic

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How To Create A Website That Will Help Your Business Grow https://amandakrill.com/how-to-create-a-website-that-will-help-your-business-grow/ https://amandakrill.com/how-to-create-a-website-that-will-help-your-business-grow/#respond Mon, 30 Dec 2019 02:49:21 +0000 https://amandakrill.com/?p=6047 If you own or run a business, you probably know that your website is one of the most important pieces of the business, but the shocking thing is that you probably don’t know why the website is so incredibly important to the success of your business and its success. In today’s post, we are going […]

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If you own or run a business, you probably know that your website is one of the most important pieces of the business, but the shocking thing is that you probably don’t know why the website is so incredibly important to the success of your business and its success.

In today’s post, we are going to be taking a look at why your website is so important, what it’s capable of, and also what can happen if your website isn’t doing what it should.

Why Is The Website Important?

While most people presume that a website is just a way to let people know that you exist, its importance stretches far beyond just this, and when you realize just how far it stretches, you may be shocked.

Nowadays, a website acts as the storefront of your business, and when people start to look around, you need to be sure that the experience is quick and that everything can be located with ease. 

If you are not sure of where to begin when it comes to your website, then this post is going to be ideal for you as it will be presenting a few ideas that you should consider attaching to your website, so your business page has the best possible impact.

Make Sure It’s Easy To Navigate

If there is one mistake that people make when creating a website, it’s that it’s not as easy to navigate as they believe it is.

The main issue will often come that many things are bundled as categories of sub-categories, and this has been detrimental to websites for many years now. When it comes to navigation, you should be making sure that it’s not only easy for your visitors to find where they want to go, but you should also be taking the might of Google into account.

If there is one thing that Google hates it’s having to crawl a site with subcategories under services and similar bulking issues; more often than not, this will not pan out well for your site, and your search results will suffer because of it. 

When creating your site, you need to put SEO at the top of your priority list. Remember, when people want something, they will often turn to Google. If you are unsure of where to start when it comes to SEO, then you should consult with an agency and take into account a detailed list of SEO Pricing Plans that suit you best.

Make Sure It’s Clear

The one thing you should always have at the forefront of your mind during website creation is how to avoid a high bounce rate.

If you are unfamiliar with what a bounce rate is, put simply it’s the people that land on your site and then leave. When it comes to bounce rates, this can be down to many things with your website.

The most notable thing that causes people to leave is if they cannot tell what you offer within a few seconds of them landing on your webpage. While this may sound like something obvious, many websites aren’t clear enough about what they do.

When creating your website, you should always have a grasp on the message your website conveys within a few seconds. You should make sure your company headline is clear and delivers the right message, and this message should also be relayed somewhere else on the main page.   

Make Sure It Looks Professional

The final thing we are going to talk about in today’s post is how important it is to have a website that looks professional

Your company could be amazing, but if your website looks amateur, you will find that nobody will stick around longer than a minute at risk of losing their data or even their money. Nowadays, having a professional-looking website is the very least you should be providing to your customers.

If you aren’t confident about building your own website, you shouldn’t be afraid to reach out to a web designer. Web designers aren’t as costly as you may think, and if the success of your business depends on your website, then it would be the most sensible option to employ the services of a professional.

Conclusion

So, there it is, just a few things you should be looking at when it comes to creating a website that will serve your business well.

While there are many ways you can improve your website to ensure business growth, these are a few of the basics that often go ignored.

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Do You Want To Start A Business In The New Year? Here Are Some Steps To Take https://amandakrill.com/start-a-business-in-the-new-year-here-are-some-steps-to-take/ https://amandakrill.com/start-a-business-in-the-new-year-here-are-some-steps-to-take/#respond Mon, 23 Dec 2019 14:53:53 +0000 https://amandakrill.com/?p=6041 The new business that you may have dreamt about could be on the cards when it comes to your new year. January always presents a time of the year where you can take a fresh approach to your goals and resolutions, and that might mean starting a new business. It could be an idea that […]

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The new business that you may have dreamt about could be on the cards when it comes to your new year. January always presents a time of the year where you can take a fresh approach to your goals and resolutions, and that might mean starting a new business. It could be an idea that has just come to you, or one that you have been nurturing for some time. Either way, here are some of the steps to take. 

Having the right plan

One of the first things to think about would be the plan that you have in place for the new business. It could be that you have had an idea for some time, or maybe that you just like the idea of starting your own business and coming up with an idea that you feel passionate about. The thing you must have in place is a plan of action and a business plan can be a great way to finalise your ideas, your goals and the steps that you plan on taking. 

Placing a value on your time 

It is also important for you to ensure that you place a value on your time. When working for yourself and starting your own business, it can be so tempting to want to work on every aspect of your business, but this can be counterproductive as you end up trying to do too much. Instead, outsourcing certain aspects of your business from the get go can be a great move to make. You could look at IT services where you can visit this website for more information or even things like social media management to help you get things moving and allow you to focus on the areas where you can make the most difference. 

Do you need any investment?

You also need to ensure that you have the right level of investment in place when it comes to your business. Many new startups require funds to get off the ground, so a business plan can be an essential step to help you get in front of potential investors to secure it. You may also want to look at your own savings options and even investment from friends, family or the bank could be an option. 

When are you most productive?

Working for yourself means that you need to have the right level of productivity in your day, so when do you think you work at your best? Is it during the morning or first thing? Is it at night when you are more awake and alert? Knowing when you are most productive means you can make the most of these times to work on your business ideas and ventures.  

Helping yourself 

Finally, you also need to help yourself when it comes to starting your own business, and often this begins at home. You may be working from home when it comes to getting started, so a decent area to work in could be beneficial. It can help you to differentiate between work and home life. At this stage the more you can help yourself to succeed the greater chance you will have at success. 

Let’s hope these tips help you when it comes to starting a business in the new year. 

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The Bad Business Habits That Could Limit Your Success https://amandakrill.com/the-bad-business-habits-that-could-limit-your-success/ https://amandakrill.com/the-bad-business-habits-that-could-limit-your-success/#respond Sun, 22 Dec 2019 02:25:55 +0000 https://amandakrill.com/?p=6037 Bad habits: We all have them, and considering the word ‘bad’ in relation to them, they clearly aren’t very good for us.  Now, you can probably list the bad habits that pertain to you in your personal life. Be it smoking, watching too much TV, or eating junk food, we are sure you can relate […]

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Bad habits: We all have them, and considering the word ‘bad’ in relation to them, they clearly aren’t very good for us. 

Now, you can probably list the bad habits that pertain to you in your personal life. Be it smoking, watching too much TV, or eating junk food, we are sure you can relate to something.

But what about those bad business habits you have? Many business owners are guilty of one or two (or possibly even more), and chances are, you are guilty of a few too. While some of these might impinge on your personal health and wellbeing, they might also be responsible for damaging the health of your business too. As a result, you might be limiting your chances of success!

Here are a few of the bad business habits that you need to be aware of. Can you relate to any of them?

1: Not taking any breaks

With a lot of work to do in the day, you might neglect your need to take a break. On an occasional level, this shouldn’t be too much of a problem, but if it becomes a habit? Well, you will get tired, your quality of work might suffer, and you might end up spending longer in the office putting things right or getting through your to-do list.

Our advice? Take those breaks, because you will then regain your energy levels, and you will consequently work more productively and to a better standard of quality. 

2. Not asking for help in your business

Be it because of pride, an unwillingness to show your weaknesses, or the inability to trust others; you might decide not to ask for help in your business. As a result, you might persevere alone, make mistakes in those tasks that you struggle with, and consequently, endanger the reputation of your business.

Our advice? Ask for help! If you have employees working for you, delegate your worst tasks to them. Alternatively, why not consider outsourcing? For those complicated tasks, such as anything related to your taxes and finances, you could hire an accountancy or bookkeeping service. Xero Bookkeepers are an excellent example. Consider your worst tasks then, and research those firms who could help you. You will benefit from the help, and your business will benefit too!

3. Over-promising to your customers

To win customers over to your side, you might make them all kinds of promises. You might tell them that your product is better than that offered by the competitors, for example. You might also promise them faster shipping and fairer deals than that offered by your rivals. And while some promises will be made with truthful intent, you might also bend the truth occasionally to attain new customers.

You can already see the problem here, we’re sure. If you over-promise on something that isn’t true or that is hard to achieve, then you are only going to get your customers backs up. So, rather than win new customers, the opposite will happen, as once word gets out about your failure to stick to your promises, people will avoid your business.

Our advice? Under-promise! This way, if you are able to exceed what you have offered, you will do more to impress your customers. And be truthful too. If you know you can’t live up to the promises you intend to make, don’t make them! After all, telling lies or half-truths is a terrible habit to get into. 

So, have you related to any of these bad business habits? Now is the time to eliminate them from your life if so, as the health of your business depends on it!

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