How often do you listen to a podcast or read a business blog and think, “That’s great but what does that mean for me?” The truth is, every business is different, but there are some universal, real-world tips for running your business smarter and better.
Starting a business is a big decision and you probably already know that you’re going to need a lot of help as you seek to get funding, get customers and to a grow a sustainable business. And you need that help to be free. Thankfully, there are a lot of resources out there to help new startups.
So let’s look at a few free tools every startup needs.
One of the biggest perks to running your own business is that you set the rules. You set hours and you set the pace. If you’re exploring what it takes to run your business remotely, yet still successfully, this blog and our upcoming webinar, can help you get started. So let’s look at what it takes to run your business from anywhere in the world.
You have an in-demand knowledge and a desire to work for yourself. But how do you know if you should quit everything and strike out on your own or indulge your entrepreneurial spirit with a side hustle? Ultimately, you’ll do what’s right for you but start by asking yourself these five questions.
So you want to start your own business? Congratulations! But be warned; it’s easy to get overwhelmed getting started. Breathe. Take it slow. And use this quick guide to starting your own business to get you on your way to owning a real business.
So you’ve started a new business. Or maybe you’ve taken a job as a new salesperson. Congratulations! Now the work begins to make your first sale and start a pattern of success. So here are ten tips to help you make your first sale.
#1. Sell It Top Down
When selling something available at different price points, start with the most expensive option and why it’s the best at alleviating key pain points. If you sense hesitation, make your way to the next best option and so on. This educates customers so they feel better about laying down their money, but it also anchors them to a more expensive choice. Just don’t overwhelm them with options.
Every business goes through hard times. Sometimes the business recovers and is better for the struggle. But other times, the business fails, leaving employees without a job, and owners with debt and doubt about their future. Oftentimes however, there are signs that you’re going out of business, so let’s look at five of them so if they look familiar, you can take immediate corrective action and keep the doors open for business.
- You see “out of stock” everywhere
If you go through your inventory and see many of your items “Out Of Stock,” it may be a sign that you’re going out of business. As an owner, you may not work with the financials every day, so when your CFO says you need more revenue to stock inventory to sell, you may not realize the extent of the problem until “Out of Stock” turns into “Out of Business.”
- You drastically slash your prices
In a last-ditch effort to gain new customers, many businesses will slash their prices. But bills are paid with margins so reducing prices on goods and services, which are already low enough to warrant such drastic action, will only exacerbate the problem and expedite your path to bankruptcy. Continue reading