Free 8 Start-Up Basics for Small Business @Home Success Webinar

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Instant Replay : Free Small Business @Home Start Up Success Webinar. Learn 'How To' implement the Eight Small Business Basics to optimize your small business start up success. Attendees of this Free Webinar receive a Free copy of The Profit Puzzle Start Up Success Story and a Complimentary 45 minute Start Up Planning Session.

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Free 8 Start-Up Basics for Small Business @Home Success Webinar

  1. 1. Free Session<br />8 Start-Up Basics<br />Small Business @Home Success<br />By Don Osborne : ProfitPuzzle.com<br />
  2. 2. #1. Objectives#2. Management#3. Finance#4. Personnel#5. Marketing#6. Operations#7. Production#8. Resources<br />
  3. 3. #1Clarify Objectives Constantly<br />
  4. 4. #1. OBJECTIVES<br />personal<br />A.<br />Write down your personal reasons for successful small home based business ownership.<br />
  5. 5. #1. OBJECTIVES<br />business<br />B.<br />Clearly state your business goals regardless of your personal talents or skills.<br />
  6. 6. #1. OBJECTIVES<br />lifestyle<br />C.<br />Schedule lifestyle area activities: individual, family, spiritual, career, financial.<br />
  7. 7. #1. OBJECTIVES<br />time<br />D.<br />Plan your use of time in 30 minute increments with an emphasis on mandatory items.<br />
  8. 8. #2Enhance Management Skills<br />
  9. 9. #2. MANAGEMENT<br />plan<br />A.<br />Develop a step-by-step action plan for each of your personal and business goals.<br />
  10. 10. #2. MANAGEMENT<br />report<br />Report the results of your action plan activities on a regularly scheduled basis.<br />B.<br />
  11. 11. #2. MANAGEMENT<br />evaluate<br />C.<br />Evaluate your results against the targets you set in your action plans.<br />
  12. 12. #2. MANAGEMENT<br />develop<br />D.<br />Develop alternative steps for areas of your action plans which are under performing.<br />
  13. 13. #3Improve Finance Opportunities<br />
  14. 14. #3. FINANCE<br />entity<br />A.<br />Select a business entity which reflects your personal goals and facilitates funding.<br />
  15. 15. #3. FINANCE<br />budget<br />B.<br />Create a budget and compare your actual numbers to your forecast numbers.<br />
  16. 16. #3. FINANCE<br />statements<br />C.<br />Setup, maintain and regularly review an accurate set of statements.<br />
  17. 17. #3. FINANCE<br />cashflow<br />D.<br />Project cashflow using a time frame which allows you to prepare for shortfalls.<br />
  18. 18. #4Review Personnel Needs<br />
  19. 19. #4. PERSONNEL<br />structure<br />A.<br />your business structure by identifying the jobs required to meet your objectives.<br />
  20. 20. #4. PERSONNEL<br />hire<br />B.<br />Only hire people who capabilities and interests match your job description.<br />
  21. 21. #4. PERSONNEL<br />compensate<br />C.<br />Compensate people based on the revenue or savings they generate in their positions.<br />
  22. 22. #4. PERSONNEL<br />motivate<br />D.<br />Motivate people by understanding why they are working and what they want from their jobs.<br />
  23. 23. #5Increase Marketing Effectiveness<br />
  24. 24. #5. MARKETING<br />products<br />A.<br />Identify why people or companies buy your products and services and how they use them.<br />
  25. 25. #5. MARKETING<br />customers<br />B.<br />Understand who your customers are and how they make buying decisions.<br />
  26. 26. #5. MARKETING<br />competition<br />C.<br />Develop a strategy for differentiating your offerings for your competition.<br />
  27. 27. #5. MARKETING<br />sales<br />D.<br />Use sales and promotional methods you can consistently and persistently execute with results.<br />
  28. 28. #6Streamline Operations Regularly<br />
  29. 29. #6. OPERATIONS<br />administration<br />A.<br />Adopt an efficient administration system for keeping your business records.<br />
  30. 30. #6. OPERATIONS<br />facilities<br />B.<br />Make sure every square foot of your business facilities are working for you.<br />
  31. 31. #6. OPERATIONS<br />equipment<br />C.<br />Invest in equipment and technology only after determining its ROI (Return On Investment).<br />
  32. 32. #6. OPERATIONS<br />requirements<br />D.<br />Identify and meet the expense of all business requirements in a timely manner.<br />
  33. 33. #7Reduce Production Costs<br />
  34. 34. #7. PRODUCTION<br />components<br />A.<br />Breakdown each of your products / services into their basic components.<br />
  35. 35. #7. PRODUCTION<br />process<br />B.<br />Outline the steps and costs of your production process for each of your products / services.<br />
  36. 36. #7. PRODUCTION<br />distribution<br />C.<br />List the steps and costs for the distribution activities for each of your products / services.<br />
  37. 37. #7. PRODUCTION<br />pricing<br />D.<br />Add up and add on margins to all of your steps and costs to determine your profitable pricing.<br />
  38. 38. #8Leverage Resources Always<br />
  39. 39. #8. RESOURCES<br />internal<br />A.<br />Make use of the internal people and information resources you&apos;re already paying for.<br />
  40. 40. #8. RESOURCES<br />external<br />B.<br />Don&apos;t be afraid to pay for the appropriate external experience required to grow your business.<br />
  41. 41. #8. RESOURCES<br />industry<br />C.<br />full advantage of all the industry information offered by organization you&apos;ve paid to join.<br />
  42. 42. #8. RESOURCES<br />universal<br />D.<br />Universal business knowledge is all around you - ask questions and listen.<br />
  43. 43. The Profit Puzzle<br />8 Start-Up Basics for Small Business @Home Success<br />By Don Osborne : ProfitPuzzle.com<br />

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