business widget

business

Home - Category: Uncategorized (Page 2)

Category: Uncategorized

Outsourcing Small Business Bookkeeping – Key Business Advantages

Posted on May 27, 2019 in Uncategorized

All businesses require a bookkeeping system. If you have a small business, you will need a consistent, chronological and accurate small business bookkeeping system so that information is always available and reliable whenever it is needed. Your bookkeeping system will be the key to your company’s success. Any mistakes and miscalculations will tremendously cost you and your small business.

Outsourcing small business bookkeeping needs can help you avoid the mistakes of bookkeeping. By allowing an experienced bookkeeper to handle your small business bookkeeping needs, all the information you need will be available at your fingertips the moment you ask for it. Many companies today are making a move to outsource jobs to offshore destinations because it provides a more reliable and accurate way of handling small business bookkeeping.

There are many advantages of outsourcing your small business bookkeeping system. Outsourcing assures you that special attention is given to your background operations and you can concentrate more on your core business. Listed below are just a few of the advantages of outsourcing your small business bookkeeping system:

1. Experience: Many small business owners still insist on handling the books themselves instead of hiring a competent and experienced bookkeeper. This eventually results in significant errors because there is no way for them to double check whether they have done things correctly. Outsourcing your small business bookkeeping system assures you that you have an experienced bookkeeper who is able to handle your books in the most efficient and productive way. They can easily find errors and suggest corrective actions right away.

2. Books are reconciled: If you decide to outsource your small business bookkeeping system, you are assured that your books are always reconciled monthly with the bank statement. There are still businesses that fail to do this either because they forget to do it or they just do not have the time to do it monthly.

3. Backup books: Many small business owners think that small business bookkeeping is a simple process that does not need a backup only to find out that once technical and computer problems arise, they have no backup books to trace the paper trail. Outsourcing small business bookkeeping can do the backups for you. And because they are offshore, you are assured that your data is easily recoverable in the event of a disaster in your area.

4. Wrong entries: There is a set of standard bookkeeping categories for expenses. Hiring an experienced bookkeeper through outsourcing assures you that your expenses are filed under the right categories and that there are no redundant categories created. Small business bookkeeping by inexperienced people can result in mis-categorization of entries resulting in erroneous data.

Responsible small business owners understand that outsourcing their small business bookkeeping system will help keep their business on top of its competition and they can easily monitor how the business is progressing. By maintaining and outsourcing your small business bookkeeping needs offshore, you are assured that your data is always available and accurate come tax reports and returns time.

In the end, outsourcing small business bookkeeping requirements will be worth your investment.

Coaching For Small Business Owners

Posted on May 25, 2019 in Uncategorized

Business coaching is a relatively new discipline. As a result, many small business owners are probably not aware of the coaching process and why they might consider coaching as a resource to fuel their business growth and personal leadership development.

What benefits can a coach bring to you and your small business? Will a coach help you become more effective in the day to day management of your small business? What specific skills or experience should you look for in a business coach? How do you find a business coach?

Benefits of Coaching

Coaching can offer a number of benefits to those that embrace the possibilities and enter into the experience with a positive attitude. Ed Rankin, Executive Coach and Founder & President at Manera Group in Dallas Texas, believes that coaching offers small business owners an increased level of self-awareness with respect to their strengths and weaknesses, better focus, and tangible strategies and tactics for addressing real-world concerns. He also states that “coaching helps people become more effective by bringing clarity to real challenges and opportunities.”

Virg Setzer, President and Executive Coach at Performance Point Solutions LLC, has many years experience as an internal and external business and executive coach. He feels that coaching offers up the following benefits for small business owners:

  • A fresh and objective view of a small business owners situation
  • A unique, competent and confidential resource that may not be available within the organization
  • The opportunity to have a “partner” in your small business that is focused on your success
  • A confidential partner that is available to test ideas and brainstorm possibilities
  • Assistance in looking at the “big picture” and long term results as well as short term goals
  • The opportunity to get challenged and receive candid feedback

Opportunity for Strategic Thought

It is a well known fact that owning a small business can be all consuming – so much time is spent on managing the day to day tasks that little thought ever goes into strategic planning. Gina Duvall, Owner of Business Sculpting, expands on the benefits of generating new ideas and focusing on strategic thought. “Coaching is a great opening for this kind of thinking. Left to their own devices, small business owner won’t get off the merry-go-round of finding the next customer, or producing more widgets, long enough to engage in critical thought,” says Duvall. “Having a business coach allows this to happen and have it happen within a partnership. It’s easier for a business owner to do this kind of thinking in partnership with a coach, as opposed to locked in their office alone hoping to not be interrupted.”

One might assume that the primary benefit of having a business coach would be an ample supply business advice. Not really – the benefits of a good coach extend beyond management consulting. “Many people start a business without understanding their real motivation and a good business coach can do much more than just work o the business process – a good consultant could do that. We ask different kinds of questions and have a different quality of conversation,” says Anne Wilkinson, Managing Director at Executive Playground Ltd in Birmingham, UK. “A coaching relationship is based on skilfully guiding a client through a process of increasing self awareness backed up by solid business acumen. This has the added value of increasing confidence and establishing a better process for making decisions in the long term.”

The Coaching Relationship

In my opinion, a key benefit of coaching is the opportunity for small business owners to develop a special relationship that adds real value to their organization. Francis Laleman, International Consultant, Coach and Trainer at Beyond Borders Training and Consultancy in Antwerp, Belgium, believes that “the mere fact of having an objective outsider at hand, someone who delivers insights from experience, who asks the right questions, who doubts the answers given, who suggests alternatives and ponders over chances and opportunities, can really have a miraculous effect.” In Laleman’s opinion “the key strength is in the mutual process of the business owner and the coach, working gently together in order to understand the dynamics of growth and change.” What to Look for in a Business Coach

There are some set criteria that you should look for when hiring a business coach. As with any other position within your small business, experience, is a key factor. Gil Gerretsen, President at BizTrek International, Inc in Greenville, South Carolina, suggests that you look for a combination of business experience and a history of proven results and warns that “too many coaches shoot from the hip with counsel based on a limited set of experiences in one venue/industry.”

Anne Wilkinson advises that you look for a coach that has general business experience as well as specific experience in the areas of your business that you know you need to develop. “I personally don’t agree with some of the coaching purists that say you can be a good coach without the business experience. My clients expect me to understand their business issues and wouldn’t tolerate a coach they couldn’t respect.”

In addition to business experience, Ed Rankin reminds small business owners to not forget that coaching in itself is a special and important skill. “A coach should be educated and trained in the process of coaching. Coaching is not mentoring, consulting, advising or counselling. It’s something different.”

Coaching Case Study

Merri Bame, an Executive Communications Coach, shares the following real life coaching story:

The owner of a small business came to me with a common, yet fragile matter. He had been an owner for several years while his mother remained board president.

What “John” experienced was the demotion of his authority every time his mother was present. From John’s perspective, his staff, managers and board all viewed him with little respect in her presence. He came to me, (an outsider; a neutral third party) for fresh perspective on how to have a very honest talk with her because he was intent on releasing her from her duties. With two major relationships hinging on this outcome, “John” was at a loss on how to proceed. Since this was a single circumstance, we met for an hour to give him guidance on focusing on the intent (restoring good relations) while broaching a difficult subject, and also wanting a good outcome.

John learned he could speed up (in his career and influence) if he chose to slow down (to address things properly and with care). Without a third party coach, he didn’t feel neutrally supported. And using one, he experienced a new way to address both conflict resolution and professional growth.

How to Find a Business Coach

Your needs and comfort level will have some bearing on searching out a business coach. For example, if you prefer face to face coaching, you will need to search locally, whereas, telephone coaching presents the opportunity to engage in a coaching relationship outside your geographic area.

In Gil Gerretsen’s opinion, face to face coaching offers more value to small business owners. He suggests looking for someone in your area by checking with your local Chamber of Commerce or asking for referrals from other local small business owners. He adds “if there is no one available locally, check the nearest big city and drive to see them there. Before I first launched my business, I flew to Los Angeles once per quarter to meet with my coach. It was worth every penny!”

Another thing to remember is to ask any prospective coach for references, training background and accreditation. “The best way, really, is to find a coach on personal recommendation because then you know what you are getting,” says Anne Wilkinson, “Certainly go for a professionally trained coach, even if they are not certified.”

The Heart of Coaching by Thomas G. Crane states the following: “As coaching becomes a predominant cultural practice, it will create a performance-focused, feedback-rich organization capable of creating and sustaining a competitive advantage.” If you are open to the process, coaching can provide you and your small business with a number of great benefits – and offer a new perspective on how to plan, manage and grow your organization.

Top 5 Resources For Small Businesses

Posted on May 24, 2019 in Uncategorized

When running a small business, resources to help you plan, maintain and succeed in your business are pretty plentiful. Yet, like many other things in life, some are better than others. Knowing which ones work, or offer the most useful information, can often be like looking for a needle in a haystack. So here, in no particular order, are my Top 5 resources for small businesses.

Small Business Administration

Although primarily for the North American market, the Small Business Administration, or SBA, continues to offer one of the best support networks for small businesses everywhere. Now over 50 years old, the SBA promotes free competitive enterprise so that even the smallest business can succeed. They offer numerous invaluable services, including sourcing financing for your project, expert advice from successful small business owners themselves, SBA programs on employment and business laws, special interest business groups and much, much more. If you are serious about starting or running a small business in America, this should be one of your first ports of call.

Inc.com

Almost every small business starts off as an entrepreneurial idea. Sure, it may turn into a large multi-national conglomerate (just look at Richard Branson and his Virgin empire), but 8 times out of 10 any small business starts as a one-man band. So the information to be found at Inc.com is well worth your time. Offering you the opportunity to sign up for free and advertise your business via IncBizNet, Inc.com is designed exclusively for small businesses to find like-minded business people and network. The site also allows you to host a blog, post free press releases and much more. For any small business owner it is an excellent starting point.

All Business

Just like the name says, All Business is a fantastic website that has pretty much everything and anything you need to help you start, run and expand your small business. The site is very well laid out and shares expert advice on franchising, labor laws, marketing and advertising and how to complete legal forms, as well as offering tutorial videos from experts in your industry. It even has a Business Purchase Free Quote Center, enabling you get a free, no-obligation quote from vendors that sell the products you need.

Microsoft Small Business

Okay, so it might seem strange to recommend a behemoth like Microsoft – yet as much as he is often a figure of fun for many, Bill Gates is one of the key proponents of helping small businesses get off the ground. Whether it is making anonymous donations to thousands of small businesses with great ideas, or providing excellent small business tools with his various software solutions, his Microsoft Small Business Center is an extremely useful stopover for any small business owner. One of the prime reasons for this is that it is truly international – simply select your country from the menu, and you will be taken to a hub that is full of the business information you need. With articles, tips and software all leading to your success, the Microsoft Small Business Center should be added to your bookmarks today.

Smart Biz

With the Internet playing such a large role in allowing more small businesses the chance to start up in the first place, the Smart Biz website is a well of information for online resources. This includes useful information on how to choose an e-commerce partner (very important if you are selling anything from your website), what software is best to run your back office, what telecom networks are best for your business, what advertising or PR agency [http://www.pressreleasepr.com/] to use and much more. Although you can certainly take some of the advice on display here and transfer it to your offline business, Smart Biz is perfect for the online entrepreneur or small business owner.

While there are literally thousands of small business resources, I have found that these offer the best choice and knowledge, particularly for free resources. Of course, if you find they are not for you, a quick search on Google will soon get you where you need to go. But for anyone looking for online resources to help you get started whether your small business is online or bricks-and-mortar, the companies listed here are some of the best.

Top
lawyerabundant.us lawyeradaptive.us lawyerafter.us lawyeragenda.us lawyeramazing.us lawyeranchor.us lawyerappeal.us lawyerarrow.us lawyeratlantic.us lawyeravatar.us lawyerback.us lawyerbad.us lawyerbattle.us lawyerblaster.us lawyerblender.us lawyerblod.us lawyerbody.us lawyerboulevard.us lawyerbounce.us lawyerbrite.us lawyerbrowse.us lawyerbrowser.us lawyerbuddies.us lawyerbuller.us lawyerbunny.us lawyercache.us lawyercalculator.us lawyercamel.us lawyercanal.us lawyercaptive.us lawyercarnival.us lawyercaster.us lawyercatch.us lawyercatcher.us lawyercellar.us lawyercharm.us lawyercharte.us lawyercharts.us lawyerchase.us lawyercheaper.us lawyercheapest.us lawyercircus.us lawyerclassy.us lawyerclearance.us lawyerclient.us lawyercollect.us lawyercollections.us lawyercollector.us lawyercolor.us lawyercommission.us lawyercompanion.us lawyerconstruct.us lawyercorporation.us lawyercounty.us lawyercourier.us lawyercrafter.us lawyercrawler.us lawyercreativity.us lawyercrown.us lawyercrunch.us lawyercrystal.us lawyercupcake.us lawyercupid.us lawyercurious.us lawyercustom.us lawyerdelta.us lawyerdepot.us lawyerdesigning.us lawyerdestination.us lawyerdish.us lawyerdivine.us lawyerdodge.us lawyerdollar.us lawyerdollars.us lawyerdowntown.us lawyerdragon.us lawyerdraw.us lawyerduck.us lawyereagle.us lawyereastbay.us lawyereastside.us lawyerebony.us lawyerecho.us lawyerecono.us lawyerelectra.us lawyerenvy.us lawyerepic.us lawyerescrow.us lawyeressence.us lawyerexcel.us lawyerfalcon.us lawyerfame.us lawyerfeature.us lawyerfiesta.us lawyerfighter.us lawyerflag.us lawyerflavor.us lawyerfleet.us lawyerflower.us lawyerfolder.us lawyerformula.us lawyergang.us lawyergecko.us lawyergeo.us lawyerglamour.us lawyerglory.us lawyergoddess.us lawyergorilla.us lawyergrab.us lawyergrabber.us lawyergrace.us lawyergram.us lawyergratis.us lawyergroove.us lawyergrow.us lawyerguerilla.us lawyerguerrilla.us lawyergun.us lawyerhands.us lawyerhandsome.us lawyerhandy.us lawyerhard.us lawyerhotrod.us lawyerhusky.us lawyerice.us lawyerimagine.us lawyerintergrity.us lawyeriron.us lawyerjackpot.us lawyerjewel.us lawyerjoker.us lawyerjust.us lawyerkayak.us lawyerkiss.us lawyerknight.us lawyerlast.us lawyerlastminute.us lawyerlegacy.us lawyerless.us lawyerlightning.us lawyerlimited.us lawyerlion.us lawyerlittle.us lawyerloco.us lawyerlowprice.us lawyerlucky.us lawyermain.us lawyermarks.us lawyermatche.us lawyermeasure.us lawyermember.us lawyermessenger.us lawyermeta.us lawyermetric.us lawyermillions.us lawyerminer.us lawyermuscle.us lawyermystical.us lawyernano.us lawyernational.us lawyernations.us lawyernatural.us lawyernight.us lawyernobel.us lawyernormal.us lawyernorthamerican.us lawyernumber.us lawyerocity.us lawyeroffline.us lawyeroftheday.us lawyeromatic.us lawyeromega.us lawyeroneday.us lawyeropedia.us lawyeropplis.us lawyerorama.us lawyeroriginal.us lawyerother.us lawyerouter.us lawyerover.us lawyerovernight.us lawyerpart.us lawyerpassport.us lawyerpatch.us lawyerpeace.us lawyerpeach.us lawyerpearl.us lawyerpermanent.us lawyerpersonal.us lawyerphase.us lawyerpicker.us lawyerpickup.us lawyerpipe.us lawyerpirates.us lawyerplatinum.us lawyerplum.us lawyerpositive.us lawyerprecision.us lawyerpremier.us lawyerpremium.us