Archive for the ‘Business Management’ Category

In starting your business, there are a few things that can be very helpful to you as you develop your business management process so that it can flow smoothly. The 7 basic tips below will help you build a solid foundation for your start-up business.

• Create a strategy plan that will help you develop your business and create objectives or goals that you want to reach within your business.
• Make sure that you choose a business legal structure that will incorporate what you need for your business and for you personally (for more details visit “Choose a Business Structure“).
• Create a marketing plan that incorporates online and offline activities so that you can gradually build your business brand.
• Figure out if you want to have your business office located in your home where you have a special place allocated for this purpose or outside of your home.
• Map out who you need for your support team, which will be made of people that you can outsource tasks to so that you can continue to grow your business.
• Finally, identify the people who will be part of your support group when you need to turn to someone for advice.

In the video below, additional tips are shared to help you continue creating a solid foundation for your start-up business.

Image: Flickr & lumaxart

If you like using WordPress,
then you’ll love the resource that I just came across:

Many people have tried to turn WordPress into a membership site but in the past it’s been quite tricky.

There are some fabulous plugins out there but you had to “tweak this” and “tweak that” and if you aren’t technical, it becomes very frustrating. That’s why I was very excited when I saw WishList Member. It’s a membership solution that was specifically built for WordPress.

The best part is, it has all the features you would want in a membership solution AND it is compatible with all of your other favorite plugins! So you get the best of both worlds  Plus, they’ve added some very cool features to make running and managing a membership site a whole lot easier.

Like I said, if you like using WordPress,
then you’ll love WishList Member.

Enjoy!

As you access your ability and mindset for starting your own business, make sure that you have a business champion to cheer you on. A business champion is someone who will support you as you develop your business. He or she will always have an encouraging word and will give you constructive criticism that will help you grow your business.

Examples of business champions would be people who you feel comfortable talking to about your dreams or hopes of starting your own business. Keep in mind that not everyone will understand your desire to start your own business and leave the 9 to 5 business world. Just make sure that you will be able to make a commitment to staying on task and on target.

Your business champion can also be someone who mentors you in a specific area, such as finance, marketing or business development. To help you choose a mentor, I’ve include a video below that featured Jack Canfield sharing keys points that you should keep in mind when selecting a mentor.

As you manage your business, having the right attitude is important. Having the right attitude can help you get through a difficult situation such as dealing with an upset client. A right attitude means that you keep negative thoughts, actions and speech away from you when dealing with difficult situations.

For example, if you have a virtual assistance business and one of your clients decides that he or she does not  like the work that you have preformed for him or her, what do you do? What will your attitude be in handling this difficult situation? Having a good attitude means that you don’t get upset and say something that you might regret. You should keep a level head and deal with this client from the standpoint that you are willing to work things through.

Having a competitive edge over your competition is very important when you are operating a business. Understanding what it takes to have this competitive edge sometimes takes researching your industry. As you research your industry, you may find ways that can help you to standout among your competition.

In developing a way for you to become unique in your industry, make sure that you monitor and document your progress. This will allow you to see if you have a return on the investment (ROI) of time and effort that you may put into standing out among your competition.

To help you comprehend how to create a competitive edge, I have included a video below.