Business

Small Businesses We Have Advice For You!

The world can be a daunting place for a small business. There can often be times where you feel as though there is no where to turn, or that you’re just never going to get to a stage where you feel as though you’re going to make the transition from small business to a big one. But we’re here to tell you you’re wrong. Yes, it is hard to find your feet. But that isn’t always going to be the case. As time goes on you’ll get much more confident with the way things are run and what moves you need to make next. If you feel as though you don’t have much advice in business, we’re here to change that. To help you get off the ground quicker, we’ve got some advice for you. Follow it and we guarantee your life will become easier. Read on to find out more.

Be Professional

You would think this would be a given. But when you’re a small business feeling lost in the world, you can often forget that you are in fact, running a business. Your customers and the wider public are going to be judging you right from the very start. They’ll be looking for ways that they can scrutinise your business. Don’t give them an opportunity to. No matter what you’re interacting with, you always need to remain professional. A service with a smile is fine, but don’t go too relaxed. There are things you can do within your business to boost the professional image as well. One being invoicing. If you invoice right from the very start people will admire you. It is an official document stating how much you either owe, or they owe you. Giving one to your customers just looks so much better than you telling them over the phone. It helps you both remember the amount owed, and is good to keep for reference when you’re managing your finances. If you’ve never wrote out an invoice before, just use this proforma template to get you started. As long as the basic information is on the invoice such as the amount owed, what for, and the business address, it’ll be fine. When you start hiring employees is when you really need to start honing in your professional side. If it was just you and your business partner before, it might have been easy for standards to slip. But when employees come into the picture you don’t want to give them the wrong impression. Your business head should be on most of the time around them. But don’t be afraid to have a laugh and a joke with them so you aren’t seen as the scary horrible boss. Lead by example and you’ll have a great team behind you.

Find Funding

If a small business fails the chances are it has failed due to lack of money. Pretty much everyone will have got some form of a loan in the beginning to start their business. If you didn’t, then you were obviously very lucky. Once the business is up and running and profits don’t seem to be rising, panic can set in. Rather than letting it consume you, find other ways of getting funding. Small business investment is something bigger businesses tend to do. You could reach out to a few and see if you can get funding through other investments. If not, then as a last resort you could always consider getting another loan to pump money into the areas of your business that are failing. This is a massive risk however. If the money doesn’t work and it is just the case that it wasn’t the right time to set up the business, you’re going to have loan after loan to try and pay back with no business bringing in income. When you do start to make money, always put it to good use to grow your business until you get to a stage where you’re comfortable. Don’t rush to spend it just because you’re getting a taste of the highlife.

Take Baby Steps

This is a really important bit of advice. Never take on more than you can handle just because you want to get further quicker. It doesn’t work this way. The more time you take to make calculated moves, the better you’re going to be in the long run. You need to make sure that you’re starting off small and working your way up. For example, if you’ve started to make a bit of profit, don’t rush into things such as big investments into other area. Wait until your profits are so high you have a lot of money to spare. Then you can start wasting it.

Market From The Start

This is the most important bit of advice from the whole article. Marketing yourself right from the beginning is what will give you the exposure you need. The more exposure you get, the more money you’re going to make. So why do so many people leave marketing until they feel they’re more established? Well, because they don’t know what they’re doing, or they believe it is just for successful businesses. This is definitely not the case, and it isn’t as hard as you would think once you give it a try. So, you’ve got the simpler methods such as social media marketing. These are easy to understand and there’s plenty of help guides on the internet. It is getting the word of your business around to a wider variety of people. Just always make sure you’re connecting with and following the people who you think would actually be interested in your business. Then you’ve got the next level of marketing, billboard advertising. This is an effective tool to use, but it isn’t always the most popular. We truly do believe you should try it however. The more people that see your business, the more money you’re going to bring in. It is easy to spot a billboard as well, so it’s not like it’ll never reach anyone.

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elliott

elliott

Ive been blogging now for 5 years on various sites for the love of knowledge share. I decided to start my own blog a few years back to share everything from tech to business news. Follow me on twitter for more.