Hire Services of Business Consultants

The experts will have the capacity to convey better outcomes for your business when you unmistakably recognize what your objectives are and when you have absolutely characterized your ventures.

  • The specialists will help you get the data and learning that can’t be found inside your association in a brief timeframe.
  • Advisors would have the capacity to offer you the administrations that don’t exist in your association in light of the fact that there is no master or division that can help you with certain business perspectives.
  • Business specialists help to discover answers for the distinctive difficulties that emerge every once in a while. Each time the way of the test can be distinctive. You may confront the issue interestingly yet because of their boundless introduction to the different issues in different organizations, they can take care of issues in speedy, effective and safe techniques.
  • They can help you approve your as of now made or executed thoughts.
  • They will go about as the autonomous and master body that will dissect and scrutinize distinctive parts of your business. The feedback will be productive and they will help you discover answers for the issues
  • They will help in hunting down new thoughts and making arrangements remembering future nature of your business.
  • They can help create and execute frameworks and techniques to expand the proficiency of your business forms.
  • At the point when your business needs to connect with outer contacts, business experts will help you get to government bodies and business systems
  • When you procure the administrations of business experts, you can see and assess your business from the point of view of an outcast. This implies the expert would be better ready to address the issues and weaknesses, helping you to locate the best arrangements.

Business Success Checklist

Crystal clear purpose

The most common reason companies run into trouble is losing sight of the customer and their needs. Having a crystal clear purpose helps keep the focus from becoming too internally fixated, instead articulating why the business exists from the customer’s perspective. A clear and inspiring purpose will also give your employees a reason to be connected with their hearts, not just their minds.

Discipline

Sometimes this is an unpopular topic, but it is critical. Discipline means having a sharp and constant focus on your objectives, whether they be growth, profits or customer objectives. Successful businesses build continual monitoring into their processes, constantly aware of the gap between where they are and where they should be.

Goals that compel action

Most people are motivated to work for a cause of some sort. The business must continually paint a picture of what the future may hold. And it needs to be more compelling than ‘surviving’ or ‘selling lots more’. Goals that challenge without being unrealistic, and that inspire people to go above and beyond, will reinforce a culture of innovation, effort and excitement.

Prepare for several futures

Successful businesses are rarely taken by surprise. They spend time thinking about “what if” scenarios, and planning their responses. It’s a fact that most business owners don’t think beyond the next quarter or six month period. This can lead to sticking with products and services for too long and failing to identify shifts in the market – making change and innovation almost impossible.

Leadership

The leader’s job is not only to inspire effort and provide direction. They also carry the task of meeting the psychological needs of their employees while they are at work. Leaders that are emotionally mature, energetic and future oriented are an absolute necessity, if the business is to thrive rather than plateau.

Excellence in everything

Companies will not survive long today if they are “just average”. What does it take to foster a culture of excellence? High standards, accountability, a willingness to learn and a continual focus on creating value for customers. If these things are in place, excellence becomes a by-product.

Where to Get Bonding Assistance

A bid bond is submitted when you bid on a project, and obligates a firm to honor its pricing if it is awarded a contract. A performance bond obligates a company to complete a project according to the contract terms. A payment bond is a guarantee that the firm will pay all its subcontractors, craftspeople, and suppliers. If you fail to honor the terms of the surety bond, then the surety company that issued the bond will be responsible for paying.

Because of the risk involved, surety companies review detailed credit and financial information about your firm before issuing a bond. Your company has to prove to the surety company that it is capable of honoring its commitment. If you are granted a bond, you pay a premium (similar to an insurance premium) for the surety bond.

The Small Business Administration has programs in place to help small businesses get the bonds they need. The agency’s Surety Bond Guarantee Program will guarantee bonds as high as $2 million, and is open to all small businesses. Bonds are issued by a surety company, and the SBA will guarantee 70% to 90%, depending upon the program.

About Business Logistics

I speak to individuals about the companies they work for, and they refer to different departments, such as Planning, Purchasing, Warehousing, Inventory Control, and Transportation. These are many of the roles within the scope of Business Logistics, yet their companies have not realized they are all intertwined and can be banked against each other; traded and bartered for better company discounts. Additionally, they mention Returns, which is actually referred to as Reverse Logistics.

All of these roles are components of the Supply Chain in every industry. Logisticians help companies realize cost savings throughout the Supply Chain. Speaking with Logisticians about the Supply Chain encourages businesses to locate and differentiate the savings their companies could reap. This leads to new profit opportunities for their organizations.

Once I speak to individuals about the scope of Business Logistics and what it entails, they are fascinated by it. They tell me I should speak to their Management about the cost savings they can make through tradeoffs of services. There should be more high profile papers and articles on Business Logistics to educate the business world. It’s not just something students should learn about in college.

Supply Chain assists organizations with cost savings by streamlining the Planning and Purchasing roles so that the right materials are at the right place at the right time, so manufacturing can continue in order to exceed Customer expectations. No manufacturing down time is the goal of many businesses, in order to achieve just in time advantages. JIT can either reduce or eliminate inventory carrying costs of the organization, and can promote lean manufacturing processes. Lean manufacturing processes initiate cost savings throughout the Supply Chain, and savings can be transferred to Customers.

Benefits of Balanced Content

This may seem like a counterintuitive concept but let me explain. In my global work with leading speakers, authors, and thought leaders, I’ve noticed that most content is out of balance. Authors and thought leaders have a tendency or a bias. They are either incredibly academic or hyper focused on business, and this makes sense, given that many thought leaders come from either the hallowed halls of academia or the shining towers of the corporate world. Their world view and perspectives are shaped by their experiences.

Now there’s nothing inherently wrong with leaning towards business or academia. The content market admires, appreciates, and consumes content that leans in either direction. That being said, the best content I’ve seen is balanced. It has hard data to support the theories and it is peppered with stories and anecdotes based on the content’s real world business application. All too often I’ve heard academics snobbishly dismiss a business book written by a world renowned CEO because it doesn’t have an academic underpinning or data. I’ve also heard many C level execs discount the potential value of content that comes from academia as they claim that it wouldn’t work in “the real world” of business.

I’d use the Switzerland strategy. Be neutral and open to the needs and concerns of both sides and respect them both. For example, if you’re a less academic thought leader, put the effort in to finding some academic research to validate your concepts and theories. Chances are there is academic work that has been done that you can cite and it will neutralize the darts that academics may toss at you. Conversely, if you’re an academic you need to get out into the field and talk to business leaders and run experiments in the real world to validate your claims. Oftentimes things that should work just don’t for a variety of reasons; the lab is not the same as the market place.

Now you have one more thing to keep balanced in your life, however, the benefits of cross pollinating your work will make it stronger and reduce the resistance as it spreads across an organization.

Importance of Business Systems

Business systems are documented procedures setting out how your organisation operates. They are processes, usually combining actions taken by people and some form of automated application, organised in such a way so as to meet a given set of business objectives. Such systems can generally take place without the business founder / owner’s direct action, over and over again, as efficiently as possible.

Examples of processes may include how your staff should answer the telephone, how they take and pass on messages; the procedure for raising, approving, placing and receiving orders; the process for generating, checking and sending out client invoices, as well as receiving payments and following up on outstanding bills etc.

Regardless of the size or type of your business, it is likely that you already have set procedures in place covering many functions within your organisation, which employees follow out of habit or as directed by their supervisor / manager.

Business systems are the manual for your business; the “know-how” of any business that many business founders / owners usually hold in their head, and have not got round to putting onto paper.

There are many reasons and just as many benefits for having established and documented systems in your business, some of which include the following:

  • They provide a framework for your operations and an effective structure to support your business.
  • They improve consistency: production, delivery, customer service, after-sales care etc.
  • They improve results and/or productivity, because you and your employees don’t have to re-invent the wheel every time.
  • They provide a better work environment for your employees, as an effective system will contribute to clarifying roles and responsibilities as well as providing staff with some guidelines to refer to.
  • They ensure compliance with legislation, safety regulations or any other legal requirement specific to your type of business operations.
  • They give your business the ability to expand and they facilitate business growth, as they will make your business more attractive to any potential investor or buyer.

Although there are similarities across many functions, such as Accounts, Human Resources, Sales, Stores, Logistics etc., unfortunately there is no one perfect, one size fits all system that works for all companies. Any system will need to integrate the company’s business objectives, its people and the way it provides its products or services.

It is important to have a well-designed system, customised to your type of operation, and thought out by people at all levels within the organisation.

Such a system will be more likely to be followed by all employees, because they have been involved in its design, and they understand the value that having a system in place brings to the quality of their work and the service they provide to customers.

One point to keep in mind is that having great people working with poorly designed systems – or no systems – is likely to lead to an under-performing business. On the other hand, great systems without good people won’t work either, hence the additional benefit of involving employees in designing a system, or simply in documenting the processes they are following.

Equally so, employees who have been trained in your business systems should also feel empowered enough so that they don’t feel they just have to follow a given script without using their head.

For this reason, it is important to encourage feedback not just from your customers, but also from your employees and to use such comments to review and to continuously improve and develop your business systems.

Start Home Based Travel Businesses

Home based travel businesses that fall into the referral agency category do just that: they refer people to a travel agency. They may have several agencies they refer people to, but most generally have one travel agency that they work with on a regular basis. In return for the referrals from a home based business travel agent, the travel agency pays a referral fee or commission percentage on what the travel agency receives from the supplier. Part-time referral agents can earn up to $500 on each sale, and sometimes even more.

The home based travel businesses that fall into the booking and selling agencies category usually work with one travel agency. These booking and selling travel agencies actually do the booking and planning involved in making all the necessary arrangements for great trips.

These are people who enjoy attending to all the little details. They serve, more or less, as facilitators between their clients and a travel agency. Booking and selling home based travel business agents earn a lot higher percentage of the overall commission-but they DO do a great deal more work. A full-timer at this, however, can earn $50,000 or more a year.

Some things you want to consider before you decide to open your own home based travel business are:

  • Do I need any special training or education?
  • Should I pursue this part-time or full-time?
  • Is my family supportive of my decision?
  • Do I have a room in my home where I can set up an office?
  • Should I get an extra phone line?
  • What sort of office equipment do I need?
  • What will I do about accounting?
  • How do I manage my tax needs?
  • Is this a job I will love?
  • How much money do I want to make?
  • Should I do any advertising?
  • Do I have the contacts I need to pursue this business opportunity?
  • If I don’t, how do I make the contacts I need?
  • Am I willing to put the necessary effort into this business?
  • Does my state require me to have a business license?

Once you’ve answered all or at least most of these questions, you will need to make a business plan, outlining the steps you’ll have to take to achieve your goal of having your own home based travel business. And a plan just isn’t any good unless you follow it.

You also need to make sure your business plan is realistic. If you have to take a course to run the type of travel agent home business you want to have, deciding to open up shop next week isn’t reasonable. By being realistic in your business plan, you will save yourself an untold amount of frustration as you start and grow your business.

And starting your own business, whether it’s a cruise travel home business or a European vacation home travel business, can be frustrating. Be prepared for obstacles to raise their ugly little heads when you least expect them to, and roll with them as much as you can.

Your goal is to offer superior, professional travel services. Don’t let a cranky client get to you. Always keep a pleasant, cheerful demeanor. You can scream later. Better yet, you have a laugh or two over it with friends, while sipping a glass of fine wine that you bought with the money you’ve earned as a home based business travel agent.

Find a Good Accountant for Your Cleaning Business

Perhaps you’re a sole-proprietor who is thinking of incorporating your business. Your accountant will be able to advise you about how this move would affect your taxes and business growth. Or maybe you have questions on whether you should buy or lease a new truck for your business. Once again, your accountant will be able to help.

So how do you go about finding an accountant who is a good fit for you and your cleaning business? Here are a few tips:

  • Ask other business owners for references. Find out who their accountants are and how happy they are with the services their accountant provides.
  • If you can’t get any references, go to the yellow pages and search the listings for several firms to contact. Call their offices and ask for the names of accountants who are familiar with cleaning businesses. Call four or five of the accountants on your list and ask them to tell you about their experience with working with clients in your industry and about their fees. From that information, narrow down your list to two or three accountants to interview in person.
  • Prepare a list of questions to ask at the interviews, including:
  1. Do you have experience working with cleaning companies? (As a cleaning business you have unique expenses, including cleaning supplies and equipment, so it’s helpful to find an accountant who understands your business.)
  2. How long have you been an accountant?
  3. What certifications do you hold?
  4. What continuing education or workshops do you attend?
  5. What is the hourly billing rate and what are the charges for extra services such as completing tax returns or helping with payroll?
  6. Who will I be working with and will I always be working with the same person?
  7. How accessible will my contact person be? Can he be reached by phone and e-mail? If I have to leave a message, how soon will he return my call? Will I be charged for every phone call?
  8. What other services do you provide and at what fees?
  9. If my cleaning business is audited, what are your responsibilities?
  10. What type of insurance do you have? (They should carry liability and errors and omission insurance.)
  11. Look for an accountant who is forward thinking. Ask what problems he might foresee and what he would do to correct those problems.
  12. Also remember to ask for references and then be sure to call those references.
  • Meet with several prospective accountants and ask your questions. An accountant should be willing to meet with you for a brief “get to know you meeting” at no charge. A face-to-face meeting will help you to assess if you are comfortable with him or her and if you can establish a long-term relationship. As you are asking the accountant your questions, watch their body language. Do they seem interested in you and your business? Have they communicated with you in a language that you understand and not used accounting language jargon?

Service is important. If the accountant doesn’t seem interested in you and your business or takes calls during the meeting, it might be best to move on to the next candidate who will devote his full attention to you and your business.

After interviewing several candidates sit down and decide which one you are comfortable with and that you are confident has the knowledge and abilities to keep your business finances on track. Once you have decided on who you want to work with request a written estimate of costs that spells out what your responsibilities are and what your accountant’s responsibilities cover. Knowing what you will be doing and what your accountant will be doing can eliminate confusion and save you time and money.

Remember, your accountant should be more than just someone who prepares your tax return. He or she should be able to help you in making important financial decisions that guides your business and makes your business profitable. Spending time and effort in finding the right accountant when starting your business can help to assure your cleaning business is successful in the long run.

About Thyself and Thy Business

If you can’t describe yourself, your ideal client and your business in brief, simple language, how is anyone going to hire you or give you a referral? As an entrepreneur, business owner or independent professional, you need to be able to tell advocates, clients and networking participants what you do, how you do it, who you do it for and why they should choose you.

If what you do is help people build their business and how you do it is: a) one-on-one, b) training and c) workshops, this information presents a clear picture to prospective clients. The next section, who you help grow businesses for, is self-explanatory. The only question remaining is the size of the business. Let us choose businesses that generate up to $20,000,000 in revenue per year and independent professionals who earn $100,000.00 or more per year.

Positioning yourself by concept or model removes the stress for you and your clients. Create a model that motivates, excites and attracts. Your model could be that you work with people for a specific amount of time, say ninety days, for an established fee (received up front!) and you have a predetermined number of conferences with them.

This method makes it very easy for the right person to say “Yes!”.

A model or environment that clients can connect and feel safe with is essential. If it is presented as “work”, they won’t hire you. The experience for each of you needs to be rich, fulfilling and enjoyable.

Here’s an example of positioning by concept. It’s one thing to say you’re a website designer. A more definitive statement would be to say you design websites for people who are ready for a revised website; know who they want to reach with this website; and have text ready to serve this audience as well as the resources to pay for your expertise.

It’s specific and would attract the perfect client to you as well as your method of working.

The last question is, why choose you.

A simple answer is that you have the knowledge, skills and experience critical to their success. Go for it!

Legal Issues of Starting a Business

Other issues that you have to look at when starting a business relate to finding a suitable location, a building and the staff that you can work with. Of course, you do have to have insurance on the building and the stock if you sell products and if you provide services, you will need to have your equipment insured. You might say that you plan to run an Internet business out of your home so none of these issues will apply to you. No matter what kind of business you have, you need to have a business taxation number that allows you to collect taxes from your customers. You also have to pay taxes on the income that your business generates.

If you plan on opening a business where you prepare or serve food, then you have to deal with health and safety issues. Government inspectors will do regular inspections to make sure that your premises are clean and that you prepare the food in the proper way. If you wish to serve alcohol, you will have to obtain a special licence.

Having your own business also means that you have to deal with issues of hiring and paying staff. Accurate financial records are necessary in order for you to determine whether or not your business is making a profit. If you don’t have the talents to do this on your own, you will have to hire an accountant to help you out. These are all issues that you have to consider when you decide to start your own business.