How to kick-start your small business - 10 more ideas
Ideas without action are not going to grow your business or get you to where you want to be.
The first part of this post looked at 10 ideas to kick start your small business and to help bring your goals and ideas to fruition.
We continue the theme here: there are so many great tools to help you achieve what you set out to do. Failure to use them is likely to mean that you’ll get constantly busy in the business again and let it control you (instead of you controlling it).
So here’s another 10 tips for getting active…
1. Want to focus on what really matters?
Get help with focusing on the most important aspects of your business with the right small business advice.
Otherwise, you risk getting lost or running round in circles.
There are few things more frustratingly time-consuming than burying your head in bookkeeping when your time could be much better spent building your business - or with the family.
Cloud-based accounting systems like Xero integrate real-time, automatic importation of your bank account transactions, so your financial data is up-to-date at all times.
There’s only one version of it – tied to your secure login details – so you can access your accounts from the office, at home, at a work site or anywhere with an internet connection. There’s no more being tied to your desktop!
6. Looking to reduce your business overdraft and debt?
Not all growth is good. Growing too fast without getting cash flow right can do some serious damage to your business.
Set up cash flow projection and targets for when you want to reduce your overdraft by - and by how much.
Commit to paying more attention to your cash flow by having up-to-date and fully reconciled accounting and financial systems; and prepare and review monthly financial reports and Key Performance Indicators.
7. Committed to finding out how healthy your business really is?
Then you need a comprehensive business development plan.
As part of such a plan, we can help identify the kinds of skills or resources your business could utilise to improve in a variety of areas: from expanding your marketing presence to streamlining your IT systems. Investment in these areas could reap enormous benefits.
From a pool of networked resources, we can connect you to experienced professionals with the exact skills needed to fill the most important pieces of your overall business development strategy.
No matter how big or small your plans are, they all begin with a single step. Take this first step towards a stronger, more profitable business with our range of business assessment tools.
8. Looking to keep a better handle on the key numbers?