How to Create Your Business Bucket List for 2019

How to Create Your Business Bucket List for 2019

As I’m sure you know, goals are incredibly important to set, not only in your personal life but also for your business. When you specifically identify where you want to be in the future and how you’d like to grow, you’re able to create plans for achieving success. A bucket list of sorts is an enjoyable way to set goals, meet them, and also have a lot of fun along the way, all while keeping track of your progress. So, if you’ve been looking for some New Year’s resolutions to get your business booming or even some fun accomplishments to add to your experience, then check out these tips! Here are 6 things to add to your Business Bucket List for 2019, as well as some suggestions on how to build your own personalized list. Business Bucket List Making For 2019 First things first when creating your business bucket list: you have to undergo a combined time of dreaming and brainstorming. Take out a physical piece of paper or open a new word document on your computer and start writing down all of your ideas for the new year. Remove all limitations and focus on allowing your mind to be as free as possible, jotting down every idea that comes to you as a good goal for your business in this coming year. You’re allowed to edit for feasibility and reasonability later. For now, though, just write down a bunch of ideas! If you’re having trouble coming up with your own fresh ideas, then consider these six ideas for inspiration: Start a blog. But not just any blog about...
How to become a more profitable small business owner

How to become a more profitable small business owner

As a small business owner, turning a profit is paramount to keeping your business above ground and feeling comfortable and satisfied as an entrepreneur. If profits drop, it leads to stress, overtime, and a depleting savings account. Today I’ve pulled some tips together for you on how to make your small business more money! It’s not about what you bring in, but what you keep. Take a look these strategies for increasing your profit without increasing your effort. #1 Connect With Inactive Customers Your inactive customer base is a goldmine. They already know your product, many of them like your product, and they are familiar with your brand. It is much easier (and cheaper!!) to sell to an inactive client than a completely new client. Find creative ways to connect with your inactive customers. Send them a message letting them know you noticed they’ve been absent, and you would love to see them again. Send them a special, rockin’ discount. Shoot them a newsletter detailing new products/services you are now offering that they might not know about. You’ll likely find several people who need your service/product but needed a nudge or reminder that you’re there. You’ll find others who thought you might have gone out of business because they haven’t heard from you. Get connected with your list! #2 Organize & Know Your Numbers For some business owners, numbers are scary or overwhelming. But it is important to have an organized spreadsheet of your company budget, income, and expenses. You should be updating this monthly or even weekly. You want to budget SMARTand EFFECTIVELY so that you are not losing profit. Every...
How To Create An Effective Quarterly Action Plan On One Page

How To Create An Effective Quarterly Action Plan On One Page

Are you stepping back every quarter to examine your business from a bird’s eye view and creating a revised, intentional action plan? If not, implementing this could be a MASSIVE game changer for your company! If you are, good work! Let’s dive in and make sure your quarterly planning meetings are as effective as possible. If you want to scale your company and become a long-term, profitable business, it is paramount to keep everyone focused, balanced and committed to the same big goals. The quarter is an excellent spot to step back and re-evaluate everything you’ve done to gauge effectiveness and efficiency. If you fail to do so, you will easily lose money to projects or people who are simply not providing value to your company. A quarter is a long enough to accomplish meaningful work and measure marketing strategy but short enough that you can course correct and make important adjustments as needed if things are headed in the wrong direction. I’ve seen fellow entrepreneurs go a full year without really digging into the details of their long-term goals, marketing efforts, budget, employee tasks and projects, etc…only to realize they were making some major mistakes as a company and losing thousands of dollars because they never sat down to go over the numbers and properly or review/revise strategy. Don’t let this be you!! So what is the best way to go about making an effective quarterly action plan? After running my own business for over 5 years and working with hundreds of clients, I’ve come to the conclusion that an action plan needs to be: Short- I prefer...
4 Ways To Encourage Cross Collaboration In Your Business

4 Ways To Encourage Cross Collaboration In Your Business

***Contributed Post Every single department in your company has a very specific role to play. All of those roles build toward the common goal of the business and when one department isn’t working effectively, the whole company suffers. But a lot of business owners fail to see that and they think of all of the departments as separate entities, rather than parts of a larger whole. If you think of your business like that, you’ll end up with departments striving for different goals and working against one another rather than pulling together to push the business forward. The key is to encourage cross collaboration between all of the different departments in your company. If you’re worried that they’re not working well together, here are some simple ways you can change that. Pxhere An Open Plan Office One of the reasons that departments don’t work well together is that they’re stuck on opposite sides of the building. They can still collaborate over email but it’s a lot easier if you bring everybody together. That’s why a lot of companies are moving toward an open plan office instead of separate ones. It’s a lot easier for people from different departments to work together if they’re all in one big office. You should also create some group working areas to encourage people to collaborate on projects. Share Information Knowing what other departments are working on and having access to information makes it a lot easier for employees to make suggestions about projects outside their department and suggest collaborations with other people. Implementing a knowledge transfer program is the best way to share...
4 Ways For Small Businesses To Protect Their Profit Margins

4 Ways For Small Businesses To Protect Their Profit Margins

***Contributed Post It’s a truly wonderful thing to be able to go into business for yourself. To see an idea that began life as a sketch in your notebook slowly blossom into a living, breathing and fully functioning enterprise. To develop a product that could change the world or at least shake up your chosen industry. To give up the rat race and carve out a niche for yourself in your chosen market, making a living on your own terms and taking your career into your own hands. But while this can be extremely liberating, it’s not without its risks. Benefits and paid vacations become a thing of the past and your personal fortunes are tied inextricably to those of your business. In order to make your enterprise viable in the long term you need to be able to invest sufficiently for stability and growth while still ensuring that your profit margins are healthy enough to facilitate easy cash flow. Image by Pixabay And that’s much easier said than done. Here are some ways in which new startups can protect their profits and reduce the risk of cash flow problems that could see them sink in a quagmire of debt… Outsource your IT support IT provision is likely an essential facet of your business, no matter what industry or field you choose to apply your skills to. But investing heavily in IT infrastructure not only represents a significant overhead, it can become a black hole as you constantly upgrade and renovate your systems. Using Outsourced IT Support is often far more cost effective. You will be afforded proactive monitoring...
Just What Does It Take To Grow A Company?

Just What Does It Take To Grow A Company?

Whether you are interested in growing your blog to start to make some money off it, or whether you already have a small business and want to try and increase its profits, it will take some similar steps to grow and develop. Of course, growing a blog will be a lot easier and quicker than developing an entire company, but both of these are great examples of growing businesses. Do you already have a small business or organization that you are interested in developing and improving? You might be worried that it could entail a very complicated process, but that isn’t always the case. Here are a few things that can help you grow your company - you might be surprised at how simple some of them are! Streamlined IT Services First of all, you need to check on your tech and IT. No matter the type of company you run, I’m sure that you will be using a variety of tech devices and processes. In fact, you might even have a complete computer network. Before you start to grow your business, you need to make sure that you have all the latest tech and that all online and network processes are streamlined. If you aren’t sure how to do this, you can always discuss it with Refresh Technologies or a similar IT firm. If required, they’ll be able to help you update your whole network so that it’s ready for increased usage. A Customer Loyalty Program You might find that it is easy to attract customers to your company, but getting them to return can be quite challenging....