| |
| |
|
Small Business Information |
|
|
|
A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs
Before you start a business we encourage you to prepare a business plan. Without it your business has a 92% chance of failing within the first 12 months. Sometimes your business plan tells you that you should not go into business at all! Sometimes we encourage you to think seriously before you decide to go ahead with a risky business. But we always encourage the preparation of a business plan. If you use a professional to assist, the fee can be between $3,000 and $10,000. Or you can purchase off-the-shelf plans that give you the form and you do the research for information to fill in the 'blanks'. Either way, it will take at least three weeks for you to come up with the completed plan and normally much longer. So the chief reason is that you probably don't have $3,000 to $10,000 for the professional. If your business is struggling it's probably got very little money to pay existing creditors without incurring further expense with no immediate return. Another problem is that you will definitely not have the time to prepare one. You need something done now, not in three weeks or more time. What is your biggest hassle? Is it creditors ringing? Do you hate to answer the phone? Could you get on with some productive work if only they would leave you alone? After all, they know you are a good person and would pay if you could. Don't they? Then let's focus on this. There are strategies to take all that pain away and your professional CPA knows them. At one seminar a participant said that her accountant knew all the right answers but she did not know the right questions. By the time she found at what she should have done it was too late and did not matter anymore. That's not good enough. Consider the thousands of small firms that fail each year and note that 99% of them were being advised by professional accountants. It's obvious that the accounting profession generally has failed small business. Find one who can and will help you. One that will stand in the background ready to advise when you face those business problems. An accountant should really make a difference in your business life. Do you need more sales? Would things be easier then? Let your CPA show you some simple low-cost marketing tactics to work on that problem. Your problem may not be lack of sales. Extra sales may even put you into a worse situation. I was called in to rescue a printer which was kept so busy with sales they couldn't keep up. But their debtors were so slow in paying that the more sales they made the worse their cash position became. What about staff? Are they a pain? It's probably because the boss is a pain at the moment. The point I am making is that rather than a plan which will bring future results, you need tactics which will bring immediate results. Let's worry about the business plan when we know the business will survive. If you think nothing can be done. If you think it's all too late. You are wrong! There is always something that can make things better. You just need a little help. You will find it at http://www.profitstrategies4business.com Kelvyn Peters is one of Australia's longest serving Tax Agents. Kelvyn was registered in February 1962. He is a director of Restaurant Catering Qld Inc the peak employer representative in Queensland, and advised the hospitality industry for many years. His speciality is moving in to rescue ailing restaurants. Kelvyn Peters CPA has spent over 20 years experimenting and researching methods to help small business in meaningful ways that are affordable. Kelvyn and his associates have perfected it with their local clients now they are going global. http://www.profitstrategies4business.com
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
7 Essentinal Resources for Small Business So you want to start a business but you don't have a lot of money? Start your business online, and it won't be a problem.There are some pretty terrific resources you can use. Old Data in Database Marketing Software Database Problems in MarketingI have been working on a direct mail campaign for our team in many areas and we are finding that the yellow page listings and business list CDROMS contain so many closed companies that we are spending too much on the mailings, which are opened a little less because of the anthrax scare. Even customized lists are of little value. Fleet Washing Operations Manual Sample Outline In the Truck Washing Business every single type of vehicle is washed differently. If you are going to run a mobile onsite fleet washing business with multiple trucks in multiple cities you will in fact need a comprehensive manual to keep your crews and equipment running at an optimum. Organizing Tips for Small Business Success If you discovered the bottom line in your business depended on the organization in your office, your reaction could range from complete composure to sheer terror. Organization certainly has an effect on your bottom line - and just as significantly - on your peace of mind. Who Makes the BEST Business Partner How do you find the best business partners?Finding a good business partner (outside partner, such as an alliance) requires an amount of due diligence. This simply means you will need to look at all aspects of the other person's business and sometimes a bit of their personal life. Collaborative Negotiating: A Win-Win Strategy COLLABORATIVE NEGOTIATING:Collaborative negotiating is a win-win strategy that can focus the resources of the people involved in the process towards strengthening results, productivity, quality, creativity, and innovation in problem-solving. To use the collaborative approach to negotiating you will have to agree on the aim of negotiations. Window Cleaning Business Future Challenge With Self Cleaning Glass Self-cleaning glass has been talked about a lot, with such a catchy name in his hit the headlines of not only the trade journals, but also the mass media. Does self-cleaning glass mean that all the window cleaners and small businesses across this country are doomed? No, not yet. Does Your Business Need a Toll-Free 800 Number? Should your business have a toll free number for customers to make sales, service and billing inquirers? The industry began in the early 1970's and today most customers expect you to have it. Providing a toll free line can bring in a number of benefits to your business. If You Want To Be Remembered... Send handwritten notes. That applies whether you're a guy or a gal. Comparing Boston Area for a mobile car wash business The Boston suburbs seem to be rich with possible locations to wash cars and a mobile car wash would be well served in that market. The customers have good jobs, high paying salaries and indeed demand such personal car washing services. Why Clean Mobile Homes for a Business? Manufactured and Mobile Home owners know that the weather this year will be quite harsh. It's imperative these owners to clean out rain gutters and debris from on top of their homes. Explode Your Consulting Income Here are just a few ways to increase and diversify your income from your consulting business.1. How to Give FREE Advice and Make Money When is advice free and when should you charge for it?A question is often asked as to when to charge for information. This is not an easy question to answer as it really depends on the situation. Maintaining Your Carpet Extractor in Your Auto Detail Shop Auto Detailing: Maintaining A Commercial Carpet ExtractorYou should drain your carpet extractor at the end of each use or at least by the end of the day. Do not dump the excess dirty water or soap into a storm drain. Increase Productivity and Business Success - Take Responsibility Are you responsible for your results?What comes to mind when I say that?When you hear that you're totally responsible for the results you produce in your business and in your life---you might jump to a conclusion. You may think that I'm suggesting that you should take the blame for your results. Loose Lips Sink Ships - The Fastest Way to Put Yourself Out of Business I agree that knowledge should be free, but the next person I see revealing their hard attained business practices in a public forum, I am going to feel the need to approach them, make them choose their own switch from an outside tree, then whip them with it.This is the mistake I see most small businesses make: running their mouths too much. Small Business Ideas - Your Image Can Lose You Business What image do you and your people portray to your prospects and clients? Here's a situation that happened to me recently and hopefully you'll glean useful small business ideas that will make you money instead of costing you money.January is always a good time to grab bargains so when I noticed that two well-known blind companies were advertising 35% off their blinds, I decided to give them a call? and it was an interesting experience. 7 Tips to Improving Your Cash Flow Cash is King.. Starting an Aircraft Washing Service To wash an airplane there are many items you will need to keep in mind. The first is safety while working on the tarmac of an airfield. Awning Cleaning Business Case Study: Entrepreneurship 101 It is most fascinating to study how entrepreneurs spot opportunity in the market place. "My name is Lance Winslow and I am a serial entrepreneur, I admit I am addicted and need help.
|
| home | site map |
| © 2006 |
