Your SlideShare is downloading. ×
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Surviving your first year  tips for small business owners
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Surviving your first year tips for small business owners

393

Published on

http://makingezmoneyathome.com

http://makingezmoneyathome.com

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
393
On Slideshare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide
  • Surviving your first year: tips for small business owners
  • Transcript

    • 1. Surviving your first year: tips for small business owners Ewon Whynes Dynasty Team Inc. S
    • 2. Surviving your first year: tips for small business owners S Many successful entrepreneurs can tell you that starting a business can be extremely rewarding but that it can also be stressful. S Everyone who starts a business enters with excitement and aspirations for success and while no two businesses are the same, success can be difficult to predict
    • 3. Surviving your first year: tips for small business owners S Many factors can contribute to the success of your business, but it’s important to understand that building a successful, profitable business takes patience, determination and focus.
    • 4. Surviving your first year: tips for small business owners S Here are some tips that can be applied to any new business, increasing your chance of success
    • 5. Surviving your first year: tips for small business owners S Make a Plan – Creating a business plan is essential to the survival of any business. It will help you identity your customers, your market, your competition, and other important aspects of your business. It will also help you identify potential opportunities and obstacles that might not have occurred to you. As your business grows, it will serve as the yardstick against which you can measure your business performance and make sure you’re staying on the right track.
    • 6. Surviving your first year: tips for small business owners S Establish a Support Network – Business owners tend to be independent-minded and are more inclined to solve problems on their own. However, it is important to not be shy when it comes to asking for advice. You’ll be surprised how many are willing to share industry information or serve as a sounding board for your ideas. Other people to consider for your professional network include suppliers, customers, accountants, lawyers, and financial advisors.
    • 7. Surviving your first year: tips for small business owners S Be a Student of your Business – To be successful, your business needs to stand out among the competition. Your “unique selling proposition” may be your product or service, price selection, or any number of things. Whatever it is, you need to understand the market, and know what your competition is doing, to ensure that whatever you are offering is more appealing to your customers than anything else out there. Research online, join industry associations and most importantly, talk to your clients.
    • 8. Surviving your first year: tips for small business owners S Keep an Eye on Your Cash Flow – Without a clear picture of your daily sales revenue and expenses, you won’t know how much your business is making. That’s why keeping an eye on your cash flow is crucial. It’s also essential for forecasting, as your predications and planning are based on what happened today. Over time your forecasting will become more accurate, so you can plan for fluctuations in your business due to seasonal or economic factors. It will also help you determine how much cash you need in reserve to keep you in the black through slower periods.
    • 9. Surviving your first year: tips for small business owners
    • 10. Surviving your first year: tips for small business owners S Start an online business today get the support and systems that you will need to survive your first year as a small business owner. S http://makingezmoneyathome.com

    ×