How to kick-start your small business - 10 ways to convert ideas into action
You’ve finally got some time to sit back, put your feet up and think about nothing…
But it’s a busy, high tech world. So your quiet moment quickly moves to active contemplation of your inbox, skips ahead to worry about next week’s meeting, then flips into full-out panic mode as you look at the year ahead.
But you’ve managed to switch off from the busy-ness of your business, your job and the day to day grind for five sweet minutes.
And then the thought hits you: a brief moment of clarity when you experience a blinding flash of genius: how to kick start your business in the year ahead.
Brilliant! You have the great idea you’ve been looking for. The solution to your problem. You have the resolution to act now and make a change. The answer has become clear in that moment of calmness.
And then… busy-ness takes over again
The trouble with that brilliant idea is: if you don’t do it now, will the idea or plan be lost forever?
The return to work after a break often means hectic days. Great ideas need to be acted upon if they are to turn into great results but things can get too busy.
Thankfully, help is at hand to get started turning these great ideas into actions that deliver results.
The following 10 tips are designed to help you kick start your business by turning your great ideas into action…
The first step is to get advice from a recognized professional on the best structure for your new business, the accounting and other systems you should use, and implementing a plan for how you are going to make it happen.
It takes most business owners considerable time, money, and hard work to win new customers. Yet some are throwing customers away by not coming to grips with why the business is losing customers in the first place.
The profitability of your business may depend on retaining and increasing the number of your best existing customers.
You might be the business owner but, with so much of your time and effort (both mental and emotional) going into your business. you aren’t always the best person to give an unbiased review of your business’s performance.
Before anything else, get a comprehensive and unbiased review.
This could include your business structure, team management, cashflow, marketing and financial strategies, and how you stack up against your competition.
Do you often run late with tax lodgements and payments? This is a symptom of not having efficient, accurate and effective financial systems in place.
Not being chased by the ATO is not the only benefit of being up to date. Having up-to-date and accurate business finances helps you make informed decisions that help run your business more effectively.