1) The acquisition of initial capital
2) Finding customers
3) accounting, budgeting and monitoring of sales and expenses
The following resources will help your small business achieve these success factors.
Acquire seed capital
An adequate supply of capital is essential as many profitable businesses fail because they do not have enough money to pay their employees and suppliers. But what is an adequate supply of capital? The only way to tell is by doing a considerable amount of research on your potential market and formally documenting this in a business plan. I'm sure you know the company is a very important document that is crucial to convincing your banker to lend you money.
There are two ways to get a business plan.
1) Do it yourself by amending a business plan template, or
2) Hiring a professional to do it for you.
Obviously obtain 1) will be much cheaper.
Our research has led to a site that has more than 60 business plans and high quality free templates. We also found a directory that allows you to easily find business plan writer, the city - where people live all over the world.
Finding customers
Finding customers is a difficult and expensive for owners of service businesses such as accountants, lawyers and plumbers. We believe that a profitable marketing strategy for service business owners is simply to give all their personal contacts a few card.
Our research has led to some websites that have pre-designed card. We felt that the diversity and quality of these designs was outstanding. In addition, we found that you can have a significant saving by finding a printing service on the Internet. We found that we could get 2000 business cards for as little as U.S. $ 150
Accounting for budgeting and revenue and expenditure control
Accurate records are very important for small business owners. It is important that you have access to timely information that can make or break your business. If inventories are low - you need to know about it. If much of your debtors have not paid - you need to know about it. If you do not respond to these situations quickly you may have a situation where you do not have enough money to pay your employees - or worse someone stealing cash out of the box.
Our research has led to a site that compares and reviews top accounting software for small businesses. The cheapest software cost $ 89.99 and most expensive software cost U.S. $ 1,499. It is interesting to note that the first 3 classified sites are not the most expensive and cost between $ 250 - USD 300th
I hope you now have an idea of some of the tools you can use to develop and maintain your small business.
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