As a teenager I worked for my father's small business. At 18 I worked for a small video rental business owned by two partners; there were 4 employees. At 23 I worked for an auto body shop, the owner was from Greece; there were 8 employees. At 25 I became CEO of my family's small business; we have 15 employees. Today, I own a 3-employee automotive repair shop; an online business; a promotional licensing business and I still consult for my family's business.
Today working in large firms with hundreds of employees or even 50 employees is rare. Like most people I grew up around small business and worked in small business. The transition to a business of my own seemed a natural progression. The time has never been better to get your feet wet. Small business is booming.
Consider these facts from the U.S. Bureau of the Census:
· 23 million small businesses in the U.S.; 75% of which have no employees
· Small businesses represent 99.7% of all employer firms
· Small businesses employ half of all private sector
employees
· 44.3% of U.S. private payroll is paid by small businesses
· 60%-80% of all new job created annually are by small businesses
Today, small business is the standard.
If you've ever dreamed of owning or starting your own business, clearly the climate has never been better. But making your dream come true takes a few key strategies.
First, before starting any endeavor, do your research, education is the single most important factor to a successful new business. If no one wants your product or if no market exists for your service you will spin your wheels trying to survive.
Know your market, who are they? Does your product or service exist? If so, how can you make it better? What is your competitive edge? What are your competitors doing?
If your service or product doesn't exist, why should it? This is a tough question but if you cannot justify the purpose of your product or service and the need it fills how will you find customers?
The next step is planning. What will you need? How will you get started? What is your first step?
When I'm looking to start a new endeavor, I jot down the goal and then write down each and every task I can think of that will need to be accomplished in order to achieve the goal. Organize all those items into an Action Plan and then get started, one step at a time.
Getting started is probably the most difficult step. We all have fear of the unknown. You need only one ability or skill? courage. Take the step, even if you feel like you're falling from a tall building. I promise once you get started, you'll wonder why you didn't do so before.
Execution is where all the research and planning pay off. You've made your marketing plan; now just take it one step at a time. Keep at it. Even if your first marketing tactic works, keep at each and every one. If you send out 100 fliers and start getting customers, do not stop. Follow through on the next mailer or article. You must continue executing your marketing plan; this tactic will ensure long- term success.
Clearly it has never been a better time to start a small business. There are millions of small businesses out there; you are not alone. Seek out others for support. Start small to get your feet wet and start accumulating accomplishments. With small businesses creating 50% of the gross domestic product you can't go wrong.
Tired of watching others succeed? Discover how to achieve a more prosperous life. Yolanda A. Facio, entreprenuer and author, has created a new ebook that provides a road map for optimum results, every time. Click Here Now => http://www.newrulesforsuccess.com
A suggestion box is a really good idea for your... Read More
Mr/Ms, 'not me' is often on holidays in your business.... Read More
It is not surprising that some people may perceive Six... Read More
Cash is King... That is what everyone tells us and... Read More
Obtaining a business credit card enables the small business owner... Read More
CARD SHARK7 Card Tricks That Improve Your Personal Networking PowerThe... Read More
That sizzling sound you're hearing may be a symptom of... Read More
As you reflect on this year and prepare for next... Read More
Canon City, Colorado is known for it's 6 Prisons; State... Read More
Franchising is the fastest way to build small businesses, provide... Read More
Back when I owned an inventory-based business, one of my... Read More
Last week we discussed the importance of performing an autopsy... Read More
What types of companies do you want to align yourself... Read More
If you are just starting your business, or if you... Read More
In the Truck Washing Business every single type of vehicle... Read More
BioTechs even with the latest news had shed over 1000... Read More
Whether your target audience is in your neighborhood or across... Read More
When a person knows and knows not that he knows.... Read More
When you feel like you're always busy working on your... Read More
Some of the very qualities that attract people to the... Read More
Take advantage of world politics today and start your own... Read More
Would you rather have one good client paying you five... Read More
You've come up with the best idea since sliced bread,... Read More
Disclosure laws in franchising are suppose to help the consumer.... Read More
If your home business is not performing the way you... Read More
It's just like a marriageTo expect a bank manager or... Read More
Business owners rarely go into business to deal with the... Read More
Most business owners do not think of selling their companies... Read More
Is this you?You dreamed of owning your own business, doing... Read More
The FTC, Federal Trade Commission, is considering modifying the franchise... Read More
No matter how small your small business is, it is... Read More
A Private Investigator is a professional trained in the art... Read More
1. Everyone Makes A Difference ? Despite not letting him... Read More
If you're organized, smart, capable and willing to work with... Read More
We very much like what we see in Lubbock, TX... Read More
Having their own business is something many millions of people... Read More
Many pressure washing companies will be glad to take on... Read More
Did you ever have one of those days or weeks... Read More
No matter what kind of small business you have, you... Read More
Tammy, a skilled and gifted horticulturist, called me to discuss... Read More
Am I the only one that does not have an... Read More
Traditional advertising methods are still being used for almost 90%... Read More
Many have not experienced a fire up close. One year... Read More
If you interviewed business owners of failed businesses, a majority... Read More
Often smart entrepreneurs look for out of the way businesses,... Read More
You know what makes me really happy? Drinking a Starbucks... Read More
What makes a business relationship?What really makes a business relationship?... Read More
Are you a home or small business owner and you're... Read More
IntroductionIt is widely recognised that Email and the Internet is... Read More
Have you been searching for the perfect home-based business? I... Read More
Many auto detailers fall short in their sales presentations. I... Read More
There are many choices when thinking about a small business... Read More
Here is an interesting case study of a company, which... Read More
Before you read any further in this article, I'd like... Read More
Many government department heads are on the take. Oh they'll... Read More
Treat your business as a serious, full-time business and be... Read More
For really tough boat hull cleaning you will need to... Read More
Franchising Directory Sites-Paid Advertising, Lead Generation for FranchisingFranchising Directory Sites... Read More
Recently one of my customers told me the chaos swirling... Read More
If an organization lacks a mission statement, it is worthwhile... Read More
You're a small business owner with a hot new product... Read More
More sales and more profit. Isn't that what you want... Read More
In my 18 years of consulting I have heard it... Read More
Before you want to build your business, you need to... Read More
As a practise gets larger & larger the associated problems... Read More
Work smarter, not harderWhat is one of the best ways... Read More
Small Business |