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Guest Blogger=Kissing Your Business Goodbye

  • Posted on August 20, 2014 at 11:57 pm

It is  Wednesday, and that means guest blogger on FND blog.

Today’s guest blogger is businesswoman Carol Staines.

 

Generally, there are warning signs but these are often overlooked until it’s too late.

Watch for the following fatal signs:

 — A business is like a baby.

— It needs consistent  attention to help it healthy.
Note the word ‘consistent’. Not an on-and-off process or, ‘when I feel like it’.

 — Apply your brain

          Know why you do certain processes.

          What you hope to achieve from it.

          Then if you actually achieved your goal.

          If you didn’t, then take stock.

 — Watch your cash flow.

You can’t spend more than you earn. And no, using a credit card at 19-21% interest charged is not smart.

Find out the reason there is not enough cash flow:

          Are your outgoings too high?  What can you do about it?

          Can you work more consistently  to get more money in?

          Can you work smarter to become more productive?

          Are you targeting the wrong market?

— Open your mind to new relationships that compliment your business.

          For example, a beautician and a hairdresser are aligned industries with the same market—’Beauty’.

 — Act like you are alive and professional when dealing with customers.

          They are not a ‘disruption’ but a source of income.

 — People like to speak to real people

          If you rely on automated messages or internet responses you are missing opportunities on on-sell and also    promote your business.

 — Grow your business in increments

         Businesses, like kids grow in an orderly fashion…babies, toddlers, teens, adults and need treatment that suits that stage.

        Don’t expect to become a millionaire over night regardless of what many ‘inspirational’ books tout. They are only telling part of the story.

Guest Blogger= The business of money and how you can save

  • Posted on August 13, 2014 at 7:38 pm

It is going to be a fairly regular occurrence here on Wednesdays to have a guest blogger on FND blog.

Today’s guest blogger is businesswoman Carol Staines.

 

3003286245_f670b3103b_qMoney is like water that flows through a tap. If the tap is leaking, the water will be wasted.

Sometimes the drip is just that, drip, drip, drip so it isn’t noticed. That is, until the water bill comes in.

It’s the same in business. Except a leaking tap drips money…your money.

Although it may not be noticed because…come off it…it’s only a drip.

 

 

Drips like:

— Leaving lights on when not needed running up the electricity account.

— Like using air con which is really a drip,drip,drip that really adds to the electricity account.

— Then there’s leaving electronic gear on for hours without using.

Hey, that electricity bill is really adding up now.


What about your paper usage?

How much do you recycle. Yeah, I know they tell us it’s a ‘green issue’.

Well, it’s also a money issue…your money.

Not sure? Check your waste paper bin for weekly usage and decide if

your really did need to print out that extra something.


Then there’s the ink to print it

Do you print out stuff in colour when black is sufficient because you

were too lazy, busy, forgetful to change to B/W. Well, the tap is dripping away your money.

Then there’s account checking.

You may be surprised at the mistakes you may have paid for. $20 here, $50 there, even $2 ones. Well, it’s your money so why fling it away.

No you don’t have to turn into a scrooge but checking these little details can provide money for the places you really want to spend it.

 

Photo credit: afoncubierta / Foter / Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)

 

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