| |
| |
|
Small Business Information |
|
|
|
Entrepreneur to Employer
You make the decision to go into business and for some time work from home or in leased premises and your business starts to grow. Like all businesses you experience growing pains. Cash Flow is sometimes tight, customers come in ebbs and flows but you continue to make progress. You win a few major contracts and at the back of your mind you realise you need to make some important decisions for the future. Your hours at work have been steadily increasing and the reason you went into business, lifestyle, more time with the children, sport, or whatever your passion is, these important parts of your life have been dropping off lately and you find yourself getting resentful. Take control! So how do you make the jump from entrepreneur to employer? Employing someone in your business for the first time brings with it obligations and responsibilities. It is exciting, has possibilities and can result in considerable reward! Do your planning and sums first before making the leap. Some responsibilities you need to consider are; 1. Cash Flow 1. Cash Flow 2. Work Flow 3. Business Plan, Mission & Value Statements 4. Federal & State Employment Laws 5. Workplace Health & Safety 6. Insurances 7. Premises 8. Business cards marketing, office supplies 9. Assets and Equipment 10. Your personal stress tolerances Take advice sooner than later and be encouraged. Many others have trod the same path and succeeded. Finally employing someone is exciting and while there are challenges there are opportunities. Sales, Profit and more time for you can become a possibility and reality. Just do your sums and plan your opportunity with eyes open. Biz Momentum has helped a number of businesses with their transition to employer status. Speak to us today to see what we can do for you! WE can be your one stop shop. Visit www.biz-momentum.com for other free helpful small business articles. For further information email phil@biz-momentum.com Philip Lye is Director of Biz Momentum, Brisbane, Australia. He is a Certified Professional Human Resources Advisor and an Accountant. Biz Momentum provides strategic human resource management and employee relations advice to small to medium enterprises assisting them to grow their business. Training, Coaching, Consultation is practical and immediately actionable into your business. Biz Momentum undertakes international work and business coaching. See http://www.biz-momentum.com for more helpful articles or email Philip at phil@biz-momentum.com for assistance
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
Q and A: Personalized Birthday Cards from Paul Leonard Paul Leonard's BirthdayCards2Go.com paid greeting card service offers convenience when you're rushing to send birthday wishes. ADH Will Make Your Life More Productive & Your Life More Profitable What is a Virtual Assistant?? A Virtual Assistant is that indispensable element of your office staff - a professional that provides high quality administrative services in a highly scalable, value added format.? A Virtual Assistant is not an employee of your company, but rather an independent 1099 contractor who can work either by the hour or by retainer. Pressure Washing Graders and Tractor Motors When pressure washing heavy equipment each piece of equipment has a slightly different procedure to ensure efficiency. When a pressure washing company is bidding such jobs by the piece of equipment instead of the hour, they must be cognizant of this so they can maximize profits. How to Increase the Cash Flow in Your Private Practice in 30 Days If you have a busy private practice, chances are you also have pockets of cash lying around available for the plucking. It simply hasn't been collected yet, and may even have been overlooked. The Types of Skip Trace Accounts First, we need to define the different kinds of skip trace. There are three basic types of skip trace accounts, they are:The Typo AccountThis account is really not a skip trace account. Top 7 Small Business Tax Tips Here are seven ways for owners of small businesses to save money on their taxes.1. Promote Yourself More Successfully One of the great challenges for independent professionals and small businesses, especially when starting out, is generating visibility to ultimately lead to generating sales.One of the specific challenges, I have found, is knowing what to say about yourself and your operations and services when asked "so what do you do?"? Have you ever stumbled over your words when asked what you do?? Have you ever received the response, "Oh, I see", followed by silence?? Do you ever feel as though you do not know what to say about yourself?I am reminded of the 'elevator speech theory' (I do not know to whom to attribute its invention), which simply poses "if you were in a lift that opens on the tenth floor and in walks Bill Gates who asks what you do - what would you say, and you have only until the elevator gets to the bottom?"I have personally struggled with this at times, and equally have found that when I get it right, results flow - which initially could be as simple yet important of getting more time to converse with the person asking the question of you. Secrets Revealed To Having The Most Professional Staff On The Telephone! Do you have all the customers your business can use?The seemingly simple task of taking phone calls is a hidden liability for not just some, but most businesses. You've invested precious dollars in advertising and marketing. Marketing Your Small Business - The Top 10 Brilliant Ideas A Brilliant Marketing Idea.. Small Business Computer Security, the Basics Anyone in business today realizes both the natural dependency on computers in the workplace, and also the potential dangers associated with storing important data on them. Today's business owners are constantly being reminded that their company's data is at risk by the daily reports on various news stations, or even their favorite business-related website. Five Tips for First Time Entrepreneurs It seems so long ago that I started my first business. Since that time, I've created several successful businesses and learned a lot of lessons along the way. How to Find A Group that Needs Speakers How do you find groups that are in need of speakers (at no charge)?Finding groups that use speakers is not difficult. I find that most organized service groups use speakers for their regular meetings. How To Accept Credit Cards If you plan to do business online, then your website will need to accept credit cards. For many, the idea of applying for a merchant account sounds like a daunting task, but the truth is that building an online store is incredibly easy these days. How to Get Started As A Government Contractor Becoming a contractor or sub-contractor for the U.S. City Wide Garage Sales: Hidden Riches! Most of us remember going to at least one garage sale in our lives. It may have been called a yard sale, garage sale or flea market. How the Humble Ice Cube Made Business History Gather round while I tell you the story of Kennebec Ice. It's a story full of valuable business lessons even though it happened long ago. The Perfect Mission Statement One way to determine your companies mission statement is based on a general overview of the company. Some important questions are asked like: Why does the company exist and what kind of business is it in? Is there a particular market or niche that it will concentrate upon? How will the company be distinctive in its business methods? Once these questions are answered, the focus moves to the accomplishment of these broadly expressed objectives. Postcard Marketing Your Small Business One of the best marketing strategies a business or organization can use is postcards. Even before the arrival of online postcard printing and mailing services, postcards had a good reputation amongst guerilla marketers because: They are fast, easy and relatively cheap - making them a boon to small business owners who are short on cash and time, yet need to build their brand and stay in front of their customers. Secrets to Washing Fleets of Trucks from a Nationwide Fleet Washing Service Washing the exterior of a truck. Sounds easy right? Well, it's not really. Is This The Way Its Always Been Done? Let's face it, we all tend to get stuck in doing things 'the way they've always been done', and creating products, or services, in a similarly conservative mode.But there is another way.
|
| home | site map |
| © 2006 |
