A Guide to Business

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To Run A Small Business

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Can you believe it's aleady May next week! Where is that time going? We'll be half way through the year before we know it and isn't it rushing past? Have you achieved your goals so far this year or is it all just zooming past in a blur and without anything significant being achieved?



One subject that comes up repeatedly with my clients is that of time ' or rather the lack of it. Finding the time to spend developing your business whether you are pre-launch and at the preparation/research stage; or you're up and running and fitting it around your children, a full time job or life in general, can be tricky.

Working from home isn't easy. There's no boss to keep you on the straight and narrow and there are so many distractions calling out for your attention ' 'I'll just load the washing machine', 'the lawn needs mowing'. Finding the time your business needs and then actually keeping it can be an uphill struggle.

GOOD NEWS! I'm going to give you a strategy that really works. I have made use of this strategy many times and it always ensures that I spend the time necessary on my current project and at the same time still maintain that essential healthy work/life balance.

The first thing to do is to decide how many hours each week you want to spend developing your business. Sounds logical doesn't it? But so many of us fall into the trap of working on it as and when we can fit it in, or when we're in the right mood. That will get you absolutely nowhere and fast!

It is absolutely essential that you first fix the number of hours you want to work on developing your business and then work backwards from there to see how you can fit those hours in!

The number of hours you plump for will vary according to the stage your business is at right now. What does your business really need right now that you can afford to give? If it's pre-launch and you are researching, studying and preparing you may decide that 2, 5 or 10 hours a week is just right. If you're up and running then maybe it's 20, 25 or 30 hours a week.

Always bear in mind that it is essential to maintain a healthy work/life balance. After all what on Earth is the point of running your own business if you're going to work yourself into the ground doing it? So no answers of 60 hours please! When your business is fully fledged what is your goal for the number of hours you want to be working on it? Start as you mean to go on.

My aim is to work 25 hours per week on my business. Quite tricky at the moment with my youngest child at the age of 1, but it can be done. And yes I can do it and still maintain a great work/life balance.

Now get a piece of paper and turn it sideways into landscape orientation. Write the 7 days of the week across the top and divide the page into columns, one column for each day. We are going to plan each day hour by hour, so you will position each entry within any given day according to its time (so if you do something at 1.00 til 2.00 on any given day write it about half way down the column).

To start your Time Plan first write down at the top of the page the number of hours you have decided to spend on developing and working on your business and put a big circle around it.

Next within each day write down any regular weekly events which are immovable. These will include things like doing the school run; being at work if you are developing your business around a full time job; regular commitments required by your business (running a course; coaching a client).

Now decide where you are going to place every other event which has to occur at some point every week and add them in. These could be doing the housework or shopping ' anything that is not time spent on your business. Block out the rough amount of time these events take up.

Now block out some extra time to allow for things which don't come up every week but which do need to be done every now and then ' a contingency time if you like where you can fit in mowing the lawn if it needs it.

Next you need to make sure you block out the right amount of time for you and your family. Remember that work/life balance!

When you've come up with everything that you must spend time on each week, look at your plan so far. Ask yourself:

* Where can I realistically fit in the hours I want to work on my business?

* What could I do to fit them in?

* What else could I do?

Once again always ensure that you keep a healthy work/life balance! If you cannot do this without exhausting yourself then re-visit some things on your plan:

* Do all these things really have to be done every week?

* Is there anything I could drop or do fortnightly?

* Are the number of hours I've chosen to work on my business necessary and are they realistic at this time?

Once you have completed your time plan, pin it up where you will see it every day ' AND STICK TO IT. Ok if it's not working then by all means re-visit it and make some changes, but if it does work then NO EXCUSES!

There is one last thing that is absolutely vital! When you are in one of your allocated work times ' YOU ARE AT WORK. Treat that time as sacrosanct. Treat it as if you are employed and the boss is looking. Make sure you will not be disturbed by anything or anyone unrelated to your business. Do not be tempted to think 'I'll just empty the washing machine' or 'That lawn really does need mowing'. Everything is accounted for and has its own place in the Time Plan. YOU ARE AT WORK.

When you follow these guidelines it's amazing how much you can suddenly get done; it's amazing how your motivation to work on your business (even those things you've procrastinating over) suddenly shoots through the roof; it's amazing how much you move forward!
To Run A Small Business
Making the decision to go into business for yourself is a complex decision that most likely took a lot of thought and consideration. Now the only decision left to make is which business franchise is the right opportunity for you. Maybe the choice seems obvious, or maybe you think it won't matter what kind of business you run as long as you get to be the boss. But, a small business franchise can be a tricky thing, and which small business opportunity you choose may end up being the deciding factor in whether your career as a small business owner is a success or a failure.

It is very important to choose a franchise in an area that you have knowledge, expertise or strong passion. Franchises need to be run by people who like and appreciate the product or service being provided and must continually hold the interest and passion of those people who are operating them. Your employees, customers, clients and business contacts must be able to see and feel your passion for the franchise that you own. To that end, the selection of a franchise opportunity becomes as important as the initial decision to purchase a franchise . Here are a few options for franchises that offer a wide range of specified interest areas and passions.

One of the first things that you might want to consider as a potential small business franchise owner is whether or not you want to purchase a low cost franchise. There are several different options within that category but a low cost franchise is usually a good option for a first time franchise owner because it requires a relatively small amount of risk and offers good experience for someone that is prepared to learn what it takes to run a small business franchise. A good, low cost option for an up and coming franchiser would include Goin? Postal which is a shipping and packaging franchise that offers training and support. Goin? Postal can be run as a full shipping store location or as a Kiosk business which requires a very low level of time and capital to get started. The low cost franchise market also includes businesses such as DVDNow, which is an automated DVD rental kiosk business. Or a less tech savvy entrepreneur might appreciate the hands on business approach of VacuVent duct and air cleaning. Each of these franchises is relatively low cost to start up and provides a quick cash flow, very detailed training as well as support. The added benefit of these franchises, DVDNow, VacuVent, and the kiosk option of Goin? Postal is that they can be run from home as a home based franchise which will allow the new franchise owner to eliminate overhead costs, and ease into these franchises as schedule and commitment allow. Other Franchises along the lines of DVDNow include Video Franchises such as Infinite Marketing which creates video business cards that contains personal video messages on a business card sized CD. There are so many different types of small business franchises to choose from; you need to ask yourself three main questions:

1. Is the Franchise something that I think is important and would use if I needed it?

Don't find yourself in the situation of owning and operating a franchise business that you don't appreciate. Typically if you don't see a need for a particular service you should avoid going into that market. Franchise owners are almost always more successful when the product they sell and the service they provide is something that they believe in and can stand beside.

2. How much can I afford to invest, and how much time can I commit to the investment?

Franchise owners need to carefully determine what capital level is realistic for them to invest especially when financing through a third party provider, as many low cost franchises will provide. Also the franchise business owner needs to carefully determine how much time is going to be available to the new business. If you are adding this franchise to your current workload perhaps you should consider a franchise that will only take a few hours out of your week. Vendstar vending machine franchise is a good example because you can choose to operate and service as few or as many vending machines as you desire. If your franchise is going to be your full time job and sole source of income then make sure that you are investing in a franchise that will produce the level of profitability that you will require for it to be a success.

3. Do I understand the product and service I am providing?

While almost every franchise that you can own will provide you with some level of training and support, it is particularly important to have a competent grasp of the productin a franchise where you will be hiring employees and explaining your product to future customers. In order to ensure that you will be successful and continue to grow more and more profitable, you must have confidence in your business and be able to concisely explain to people what it is that makes your franchise worthwhile.

Don't be overwhelmed, a franchise is a great option for an excited and motivated businessman or woman who is looking to expand their experiences and increase their profitability. Just make sure that as you move forward with your decision to enter the world of small business franchising that you are stopping along the way to examine what you are doing, why you are doing it, and how you are going to continue to do it well.
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About Author
Both Emma Wortt & Candice Clem are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Emma Wortt has sinced written about articles on various topics from Business and Finance, Computers and The Internet and Breast Cancer. © Emma Wortt of Em-powering U, April 2008. All Rights Reserved. Emma Wortt is a qualified Professional Coach and NLP Practitioner. She created her business Em-powering U to coach and support those who have started or who want to start their own small bus. Emma Wortt's top article generates over 6600 views. to your Favourites.

Candice Clem has sinced written about articles on various topics from Work From Home, Online College and Work From Home. Find ,
Cons Of Arranged Marriages
From the early childhood of the women they were taught that men are always superior to women. So whatever decisions were taken by the parents was accepted by the girls.
 
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