Your Choices for the Best Business Endeavors
Clear
your mind, doing small jobs, maybe whitewashes the house, to start from a fresh
and clean physical place. The idea can come at any time, so buy a notebook and
always keep it with you.
Investigate the competition
Some
companies publish financial statements, organization charts and reports on the
Internet. You can also take a look at the competitors secretly, putting what
they offer to the test. Fancy yourself customers.
Prepare a concise but complete business plan
He must trust you and anyone who reads it. Define goals and potential for success, with figures for turnover, profits and customers. With the Dynamics Report now you can have the best deals available and that also within the budget that you have.
Determine if you are solvent
The
quick ratio is the simplest accounting data to calculate, and perhaps the most
important. It is equal to the total of the money you owe the most to those you
have in the bank, divided by the sum you owe your creditors.
Don’t forget about taxes
There
is VAT on purchases and turnover. Quarterly tax payments must be made. VAT can
strengthen or damage liquidity. And delaying the payment of taxes or
contributions you deduct from your employees’ salaries is a thoughtless choice.
Emphasize the benefits of the product, even with the
name
He
must clearly communicate what you do. Choose the colors of the brand well,
green refers to the environment, red to aggression and blue to cold. Register
the trademark at the Chamber of Commerce.
Choose direct sales
When few orders are enough to reach the goal; when the product-service is complex or tailor-made; when you operate on a local basis.
Use a distributor
In
this way you reduce the risk of finding yourself with outstanding debts. A
distributor must be paid by all customers. And when he succeeds, reward him.
Make a list
At
the end of the day, list the things you need to do the next day. But devote at
least 20% of the time to administrative matters, the disposal of requests and
the resolution of problems.
Charge the price of an extra if you have to pay extra
For
example, environmental protection laws complicate life when it comes to
packaging. If you take care of deliveries, collect the used packaging and
recycle it, or reuse it.
Choose a specialist accountant
If
you work with companies similar to yours (or the one you plan to reach), they
will have a greater sensitivity and more consistent with your real needs.
Get a commission
If
the deal you are proposing is too big to handle, let your supplier make a
direct agreement with the customer, then ask for a commission.
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