Christine Syquia's Blog

Learn How to Create Your Own Income

Emerging Business Owners-Avoid These Common Mistakes

Setting up a business and making it profitable is often a difficult task. There are many aspects to consider and deal with before you can actually run your business in an efficient way. Reaching your objectives depends a great deal on the way you devise and implement a series of strategic plans, which can ensure the profitability of your business and increase its performance. However, this is not all it takes for your emerging business to be successful. In order to maximize efficiency, you also need to give a great deal of thought to the execution of such plans. Furthermore, as an emerging business owner, you also need to focus a series of common mistakes that usually prevent businesses from reaching the desired status.

First of all, you should make sure that the company is set up properly. There are a multitude of issues to arrange such as the structure of the business (LLC, S-corp, etc), partnership rules if applicable and in some cases which state the company is established. You have to make a number of small decisions which will not only affect your business in a critical way, but will certainly make a big difference in terms of productivity and efficiency.

Second of all, do everything you can to ensure a correct setup for your financials. When it comes to bookkeeping, you can go wrong in many ways. It is never a good idea to do the bookkeeping by yourself, even if you have the necessary skills and knowledge. You can easily overlook important aspects such the registration for taxable sales, making a backup for your data or updating your books. Each of these can have a negative impact on the growth of your business. You may some doubts towards spending your money on the best bookkeeping software or bartering with an excellent bookkeeper, but this money would be very well spent.

Additionally, speaking of money well spent, you should make sure that all your money is spent wisely, especially if we’re talking about your start-up cash. There are more important things to invest in, i.e. a good marketing campaign, than whims such as a downtown office space or expensive furniture. You should not make unnecessary purchases and expenditures until you have ensured a steady cash flow. You may end up using debt for further financing of your business and a positive cashflow will be all the more difficult to attain.

Furthermore, set a budget and stick to it. The amount of cash required to start a business varies from case to case, but a good budget plan is very important irrespective of the size and scope of your business. Always keep in mind that your business should be generating cash for you, and not the other way around.

There are many things to consider when starting a business. In the beginning, there are many challenges which may affect a small business owner, but the benefits of being your own boss are second to none.  With small businesses being the lifeblood of this country, if you have a good idea and the drive to operate your own business, I urge you to follow your dreams.


January 1, 2010 Posted by | Uncategorized | Leave a comment

Profit By Following Internet Marketing Trends

 Just like physical advertising has trends, there are internet marketing trends that can, if taken advantage of, make you hundreds of dollars and really up your customer base. But just like real world trends, if you don’t jump on these online trends quickly enough, you’ll find yourself left behind.

One of the biggest marketing trends going on right now involved social networks like Twitter, Friendster, and Facebook. These networks are all fairly similar; users sign up for a free profile and can post information about themselves, their likes, what they do for a living, etc. Most let users also post pictures and videos. Once they’ve made their profile, they can search for other people and add them as their friends.

The whole point of these networking sites is to get in contact with friends, family, and, sometimes, total strangers. It’s the total stranger’s part that really interests us. By creating a profile for your business and adding people as your friends, you can get the word out there to millions.

Some of these sites, like MySpace, even include special profiles for bands, authors, and filmmakers. This makes it even easier for people to find your profile and add you as their friend. It’s great when people add you, but when you invite people to be your friend, beware of looking like spam. There are enough fake spam profiles on these sites that they’ve all cracked down on people sending out mass invites. Be sure the people you invite want to see what you have to offer.

 Another of the internet marketing trends is the use of keywords. Search engine optimization, or SEO, is something everyone wants these days. It involves using keywords, or words that describe your site and your products/services, a certain number of times on your website and in your site’s titles and metadata.

By using these keywords so often, your site will be much more appealing to search engines like Google and Yahoo. The theory here is that if your site is listed on the first page of search results, you’ll get more views and more business than if your page was listed on the third or fourth page. Of course, this isn’t always true. If your page doesn’t include what the user is looking for, they aren’t going to buy anything from you. Still, there is merit to the part of the theory that says you’ll get more traffic.

You can optimize your website yourself after studying a bit about SEO, but there are many companies out there ready to do it for you. Be careful here: you don’t want someone writing text for your page that is nothing but keywords. If your page doesn’t sound natural to a human reader, chances are they will pass it by in favor of one that does.

Taking advantage of both social networks and SEO practices can result in your website getting many more hits. While, as stated earlier, hits don’t always convert over to dollars, it is important to get people to your website. Following these internet marketing trends is one way to up your hits which, in turn, often does result in more business.

Article source: WebTipsPro.com

January 1, 2010 Posted by | Uncategorized | Leave a comment