Your Entrepreneurial To-Do List – Ways to Make Sure…

Your Entrepreneurial To-Do List  – Ways to Make Sure Your Business is a Success

Let’s say you have started your own business; now comes the hard part, keeping the company going. Aspiring entrepreneurs need to learn as much as possible about everything and anything that has to do with business to really achieve. And there is a to-do list! Of course, this to-do list won’t make your business the most successful out there; that is up to you! But it can help you along the way. 

Step 1: Get a Mentor

A business mentor can help you develop a stronger and more sustainable business. Mentored businesses and organisations report many benefits, including increases in turnover, productivity and employee numbers resulting from working with a mentor. By mentor matching, you can find a mentor to help you with your business and your niche. By providing an impartial view, mentors encourage you to look at your business or organisation with a fresh perspective and a confidential sounding board. The mentor’s role is to support, develop, stimulate and challenge. This could be a very effective tool to help you to achieve your objectives. 

Step 2: Know The Numbers, Yours and Competitors

Numbers are a great and motivating force in your business. They are the language of business, so you need to become fluent in them. In addition, you need to familiarise yourself with several different formulas and key benchmarks if you want your business to be successful. So what are some important numbers you need to learn and know?

Knowing the size of your targeted marketer, the number of companies currently competing in that space, the type of revenues they are generating, and the profit marks they are now running. This helps you assess your business and keeps you on your toes. 

Also, remember that expenses are usually 30 to 35% more than expected in any sort of set-up, and revenues are always less than planned. So, do not panic and adjust accordingly and be prepared to alter your plans if the numbers do not add up. 

Competition breeds the best results. So to be successful, you can’t be afraid to study and learn from your competitors. After all, they may be doing something right that you can implement in your business to make more money.

Step 3: Work More Jobs

Would you open a clothes shop without having to work in one yourself? It is a good idea to work in the type of business that you are hoping to develop. 

Think of it this way, you could bring more experience to this particular expertise, where the person you worked for went wrong or went right, what business models worked! But, on the other hand, who are customers and yourself going to trust, someone who has only worked one job in the industry or someone who has worked twenty? Business at its core, it’s a numbers game and the more you can make the numbers work in your favour, the better your chances at success, so that means covering all of your bases! 

Step 4: Learn the Rules

If you do not know the rules or the objective of a game, you cannot play it. So when developing your business further, you need to learn all of the legal aspects of business, such as local tax codes, licencing requirements and jurisdictions. This is also important for home-based businesses. For example, there may be rules against operating companies out of a home or have special requirements and tests to sell accounting, legal or financial services. 

Step 5: Keep Detailed Records

Accounting records are all of the documentation and books preparing financial statements or records relevant to audits and financial reviews. They include a description of assets and liabilities, monetary transactions, ledgers, journals and any supporting documents such as checks and invoices. So it is obvious that these are very important! 

All successful businesses keep detailed records; by doing so, you are also keeping your businesses in check legally. You also know where the company stands financially and what potential challenges you will be facing. Just knowing this gives you time to create strategies to overcome those challenges. 

Step 6: Learn Systems

Systems are the key to creating better and more profitable businesses. This can take the form of a script for answering phones to overall sales, marketing processes, and phone systems, IT and internet configurations. Learning systems can help you work smarter, not harder!

It is important to systemise fundamental processes, and they are vital and key to success! 


How To Build A Stronger Team For A Better…

How To Build A Stronger Team For A Better Business

The value of a strong workforce is arguably greater than ever as businesses look to restore a sense of normality. Consequently, then, it’s imperative that you do everything in your power to maximise the quality of yours.

Building a stronger team may seem like an added hassle, particularly in these stressful times. Still, the rewards that it will bring for productivity and profitability will vindicate your efforts. Here are four simple steps that will lead you to greatness.

Focus On Character Traits

Throughout the recruitment process, it’s only natural that your initial focus will be on a candidate’s experience and education. While their skills are crucial, talent counts for little without the right work ethic.

With this in mind, you must learn to analyse personality traits too. A motivated and hardworking employee won’t only produce better results themselves. Their natural characteristics will influence the mood of team members. The entire workforce will be upgraded.

Besides, it is always better when you have a team of employees that you actually like and respect. Sometimes, it pays to make your life easier as an employer. When you can trust your staff to perform, it enables you to achieve more in your daily tasks too.

Diversify The Team

Society has changed. The world feels smaller and our population is now represented by a far wider range of cultures. Your business needs to embrace the beauty of this society by having a workforce that reflects the modern world.

Recruiting workers from different genders, age groups, ethnicities, and social backgrounds is key. You can take the process to an even greater level by completing an application for sponsor licence permits. Diversification will enrich the working day for employees.

In turn, this should inspire better morale and productivity. Crucially, it ensures that employees can relate to the brand, which can subsequently grow the audience size. It is a hugely beneficial outcome that will boost your bottom line.

Encourage Responsibility

As a business owner, you have a natural inkling to take care of all matters yourself. In reality, though, you’ve invested time and money in recruiting the best candidates. Therefore, restricting their productivity would be a disaster.

Allowing them to take responsibility and work with autonomy can have a huge influence. A strong employer-employee bond underpinned by great communication is vital too. This will encourage workers to approach you about any new tools or ideas that are needed.

When the experts in their fields are able to showcase their full potential, the company’s performance won’t only improve today. It will also give your firm the best chance of staying ahead of the competition at all times.

Invest In Development

It’s one thing to create a strong team, but maintaining it is another. Business landscapes evolve at a rapid pace. Your continued investment into the team will ensure that they are familiar with the latest tech and techniques.

The most obvious way to invest in development is to upgrade their skills. Applying for staff training courses can open the door to new software. It can also have a positive impact on your bid to build consistency across the brand.

Another way to develop this trait is to use staff away days or team-building exercises. When supported by group perks and rewards for good work, there’s no limit to what can be achieved by your team. You’ve got this!


Top Tips To Help Improve Your Content

If you have done your market research you will already know that marketing heavily relies on the content that you provide to your customer online. Whether it’s Instagram, Tiktok, your website, or a blog, you need to make sure that you are providing the best content possible. It needs ot be relevant, good quality, and never spammy. 

But, what do you do if your content isn’t hitting the mark? You improve it! Let’s have a look below at some of the ways you can improve your content online: 

Have A Look At Your Competition

Do you look at your competition and see that their customer (who should be your customers) are engaging with and enjoying their content? Then look at what they are doing and try to provide the same or better. You can learn a lot from watching your competition. Whether they are doing really well or are failing you will be able to identify a lot of do’s and don’t from watching them and assessing their content over few months. Once you have done this you can use the information to build on your marketing content. 

Improve The Picture Quality 

When it comes to online marketing especially on Platforms such as Instagram, you need to make the quality of the pictures and videos the main focus point. You aren’t going to get anywhere using a bad quality, unplanned, piece of content, so make sure you invest in what you need to make your content great. Whether it’s hiring models such as Natasha Eklove, vetting your influencers to make sure they follow standards or hiring a professional photographer, they will all help you to create content that will be good quality and stand out. 

Make It Relevant 

Some businesses fall down on their content because it’s just not relevant to what their customer wants to see. You need to make sure that all your content is right for your audience. It’s no good creating content based on sports if your readers have signed up or shopping with your for parenting or baby products so, make sure anything you post online engages and is relatable for your audience. 

Re-Look At Old Content 

This could be one of the best things you do when it comes to your content especially if you have learned a lot and the quality of your content is better now than it was 12 months ago, make sure you re-look at all your old content. There may be some that you want to remove, others you can tweak, and some you want to reuse in the future. You may also want to look at old offers, dates, and references to make sure that they are still applicable. 

These are four great tips that should help you to improve both your current and old content. Remember it’s about consistency and quality over quantity. If you stick to these rules you should always create good quality content that engages your customers. Do you have any other tips that could help?