Here are a few small business tips for new business owners in the area or for those of you who have been planning on beginning their own business. This is certainly rewarding and exciting for most people who plan on doing this.Write down your budget plan. You need to know what you can afford vs. business items that are optional. Only focus on what you need now before. You can always pick up other products for your business once you are more established and the money starts flowing on.If it is a bakery business you have set up, why not offer catalogs for special seasonal ordering. I am sure a few people who love your breads will certainly show their friends as well. This way you will get more customers. You do not have to invest in a full time catalog book until later though. About 1-2 pages of the top bakery breads will be sufficient or you could even do brochures if that is more cost effective.Marketing is crucial for business. Without visitors you your website or no one walking into the store you will not get anywhere in life. You should send out a powerful message to let people know you are alive. This is why some business owners fail because they are only getting 3 clients each month or not even that. However, if it is a web design business and your 3 clients buy 3 websites at $1,000 each – this may suffice for you depending on your standards or goals.Choosing or creating the right logo is critical when establishing yourself as a well recognized business. You want something that you can use online as well as offline so people can identify your company. Try to go for a logo that is clean and elegant for your type of business. Stay away from any types of logos that are by any means inappropriate and do not send the correct message concerning your business. If you have a flower business, why would you want a logo of two city buildings? Does that make sense, right?It is crucial that you watch your cash flow. Your daily or weekly sales figures may be looking good, but if your cash flow is not there, it will determine if you will stay in or out of business. Always make sure that you are able to cover all of you business expenses, even if business slow down all of a sudden.
If you meet prospects that have a problem with their monthly income, and it will take them a long time to consider joining your online business, here is the tips for you:1. Let them know that to get the initial investment for internet marketing is from their SAVING, not from their monthly INCOME. Most of the time I always mention to my teammates “It doesn’t matter how much money you can earn, but the most important thing is how much money you can save from your INCOME”. So, its worth to have $2000 as your monthly but you can save $500 monthly, compare to have $5000 monthly income, but your monthly expenses are also $5000.2. Convince your prospects that as their up line, you will help them. If your prospect said to you “OK, I will use my saving as the Initial Investment, but I only have several hundreds dollar which is only enough for my 6 months investment in home-based business; what if after 6 months I still do not get my down line, then what should I do?” It means that you as their Up line, you have to pay extra attention to them so that within the shortest time, they will be able to get their bonus that can cover their monthly internet business expenses. But again, if you have prospects afraid that their saving will running out before they success, then here is my tips: tell them “As your up line, I can not promise you anything, but I will help you as far as I can so that you will be able to get your bonus that can cover up your monthly online business expenses.3. If the prospect have a very minimum saving, or even do not have saving, ask them to start saving their money, so that they will be able to have a minimum investment to start their online business. If they really do not have saving and not intend to save, just forget them and move to your other prospects. But if they do have intention to save, encourage them again and again, probably in a couple of weeks or months, they will be able to have an enough saving to start their online business. What will you do if you want to open a cafeteria that need $ 550 as the initial investment meanwhile you do not have money now? Of course you will start to save right? If it is necessary you will try to get a loan. It is the same with your online business. If your prospects have a minimum income and minimum saving, keep motivate them to save their income, so they will have enough saving to start online business. It doesn’t matter how much money your income is, but it is really matter how much money you can save from your income.