Entrepreneurial, Management, Planning

Small money ideas that can help you get your small business started!

You don’t need big bucks to start a business.  But, you do need to get the word out about your business.  And no, it doesn’t have to come with a huge cost.  Here are some small money ideas that can help you get started:

Blogging:  You can create a blog for free.  And if you’re not good at writing, then perhaps someone on your team (or a friend) can help you out.  

Website:  You can create a website for free too.  If you are not a professional coder, don’t worry.  There are many template websites you can create that look great!

Ads:  Try using Facebook or Google Ads.  They can help boost your business on a small budget.

Social Networks:  Twitter, Linkedin, and Pinterest are great for social networking.  And they’re free to use!

Photography:  Make sure to use visual images.  Try to be unique or funny!  Stand out to get noticed!

Offer a Freebie:  A free month of service will draw attention to anyone reading your ad.

Referrals:  Word of mouth from friends and family can help you get started too.

Partner Up:  You can always find another business professional that is in the same industry as you.

Business Cards:  Make them colorful and snazzy and be sure to pass them out to everyone you come in contact with.

These tips should not cost you an arm and a leg but they should help you get recognized and a give you a good start to your new business.

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YOUR CHALLENGE:  Make a list of the 9 ideas listed above.  Tackle one idea each week for the next 9 weeks.  How does it improve your new business?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Entrepreneurial, Management, Productivity, Uncategorized

Because Entrepreneurs are extremely busy, we need to learn the art of time management. It’s not something we are all born with, but we sure can learn it.  Here are some helpful tips that may make your life a little bit easier:

  • Make out a daily schedule with all the activities that need to be done.  This way you can make the most of every hour and be more efficient throughout the day.
  • The most difficult task should be done in the morning.  That is the time you are at your best performance.  Accomplish this early and then put it behind you.
  • Organization is very important. Keep thing organized as you do them.  Don’t put them off or pile them up. This way you can go back and look them up which will save you time.
  • You can’t do everything whether you’re at the office or at home.  So you need to delegate some of these tasks to others whom you know and trust will get them done.
  • Technology is here to stay so you need to take advantage of this.  Use your smartphone to download applications or to put reminders in your calendar.  All of this is at your fingertips and easy to use.
  • Preparing for the next day should be done at night. This way you are not scrambling around or forgetting something important.
  • There are times where you’ll be somewhere other than work, and you’ll need to kill some time. Having your laptop handy will allow you to download documents or check/respond to emails.
  • Keep from getting distracted by shutting your door and telling everyone to respect your time because you need to focus on your tasks at hand.
  • Sometimes your time is demanded by others or by meetings. Ask for an agenda for the meetings. If it is not suitable for your business then politely decline the offer. This way you are not wasting your time or theirs.
  • Always keep focused on the task you are doing or at a meeting you are attending. This way you will never miss important information or overlook any details.

Remember, just changing some of the ways you manage your time can increase productivity at work (and at home)!

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YOUR CHALLENGE:  Change just one of the above items each week for a month.  How much more productive are you at work?  Relay these tips to your co-workers for even more workplace productivity.

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Appreciation, Leadership, Management, Productivity

A professional may be in their work environment just as much, or even more than they are at home.  So, as a manager, you want your employees to feel comfortable and productive in their work environment.

Open communication and getting to know your employees are strong factors for good productivity in the workplace.  Here are a few tips to ensure sound employer-employee relationships:

1.  Have a weekly meeting with your employees to discuss problems and solutions.

2.  Always welcome your employees’ feedback to encourage loyalty within the company.

3.  Support your employees and recognize their achievements to show appreciation.

4.  Take the time to know your employees personally. Ask about their personal life, their needs, and their goals.

5.  Be there for your employees and treat them the way you would want to be treated.

A supportive manager will always have employees that are more productive and who enjoy their job and work surroundings.   Good employer-employee relationships are imperative for building a positive workplace. 

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YOUR CHALLENGE:  Invite one employee in your office each day for the next week.  Ask them their goals as your employee.  Get to know them.  Then see how the work environment changes. Are your employees happier and more productive?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

 

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Entrepreneurial, Management, Planning

Money Management

When opening a business, not only is your business important but managing your money is also important.  Getting paid and keeping the books straight can be a challenge.  You need to know bookkeeping, money management principles, bank statements, tax forms, and understanding credit.  You could hire a bookkeeper or an accountant, or simply just try this yourself.

Here’s a good place to start:

  1.  The first thing you need to do is open a commercial bank account.  Shop around for a friendly bank or credit union.
  2.  Then set an appointment to open the account.  Make sure to take all the necessary papers with you such as personal identification, business name registration papers, and business license.
  3.  If your credit is good, make sure to ask about a line of credit for the business.
  4.  Also, ask about a credit card merchant account.  There are many different ways customers will pay, so you’ll need to provide them with these options (cash, debit card, credit card, electronic cash).

Remember, there are fees:

  1.    Account fees
  2.    Transaction fees
  3.    Equipment rental fees
  4.    Merchant fees

If customers pay in cash, you’ll need to give them a receipt so you have some sort of paper trail.  If they pay by check, make sure the date is correct and the written amount is the same as the numerical amount.  Always get their driver’s license number and put that on the back of the check.  Accepting credit cards are also good for the business. This can increase your business by 50 percent.  Accepting credit card payments online, over the telephone, by mail or in person will come with a fee…but this is profitable for the business.

Payment Options:

  1.  Some businesses require advance payments, especially if the business is a service business.
  2.  Another payment option is a progress payment (arranging payments due at various stages of the project).
  3.  Another option is extending credit, if you deliver a service that is billed monthly.

All of these start-up tips for managing money for your business should be helpful and provide you with different options for a successful business.

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YOUR CHALLENGE:  How good are you at managing money?  For one week keep a record of where your money is being spent.  How is it impacting your business?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Entrepreneurial, Leadership, Teamwork

leadership

You recently started your own business but seem to be struggling with your newfound leadership role.  Becoming a great leader doesn’t come from just dreaming, it also comes from doing!  Have faith in yourself.  Believe in yourself so your new business can succeed. And it will!

11 Leadership Tips:

  1. Hire people that are honest and see the same vision for your product/service as you see in your product/service.
  2. Make a list of values and beliefs and share them with your employees.
  3. It is important to delegate tasks to employees.  This shows them that you trust them and know they will get the job done.
  4. Never ask an employee to do a task that you would not do.
  5. Show your employees that you are willing to do and work with them no matter what it takes to finish the task.  This shows trust and equality in each other.
  6. Always have good communication with your employees. Have frequent meetings or make your office an open door policy for discussion.
  7. Allow short breaks from tasks and joke around to break any tension or stress.
  8. Talk to your employees on a personal level.  Become more than a boss…become a friend.
  9. If you say you are going to do something, make sure to follow through to show your employees honesty.
  10. If mistakes are made, then let your employees know that we are all human and this can be corrected.
  11. Show your employees you have confidence in them and let them know as a team your business will be productive and will stay on the right track for success.

Remember your employees are a reflection of you and your business!

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YOUR CHALLENGE:  Which one of these 11 tips do you need to work on?  Are there more than one?  Work on one of these leadership skills each week!  See how far they will take your business.

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Entrepreneurial, Goal Setting, Success

#Business Tips

  • If you are thinking of starting your own business, make sure the business is something you really enjoy doing.
  • Some people will start a business and think it is a get rich quick business but they really don’t enjoy what they are doing.  This usually leads to failure.
  • If you enjoy your business, your profits will come in time and your business will be a success.
  • Never be afraid to take a risk and always challenge yourself to do more and to be better.
  • If you believe in yourself and are ready to face all the fears this business may bring, then you are on the right track towards a positive future.
  • Keep in mind when hiring a team that character and value are two solid features for your team. You can always help with their skills as the business grows.

For more business tips, read this article by Will Smale, a business reporter for BBC News. Top business tips for 2016

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YOUR CHALLENGE:  Write down all your fears for your new business.  Are you ready to face them?  Do you believe in yourself?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Entrepreneurial, Goal Setting, Networking

If you share the entrepreneur spirit, you most likely succeed in networking. (2)

 

 

 

 

 

Networking is extremely important for entrepreneurs.  Communication is a productive approach to building strong relationships with others.  Networking helps professionals feel inspired and gets them motivated.  Exceptional opportunities can occur if you impress potential business partners.  Networking is powerful!

Organized events bring together highly-skilled and talented entrepreneurs who want to unite, share common interests, create and develop ideas, and meet potential clients/investors.  You are all looking for connections, inspiration, advice, and opportunities.

Remember, when attending a networking event, you need to be yourself.  Present your company the way you want other people to see it.  Approach networking as any other part of your business.  Create an action plan…with specific goals to accomplish during your networking time.  Since your time is very important, you don’t want to waste it.

Be ready to impress…be active and memorable.  Provide value to others.  Make them want to introduce themselves to you and stay in touch with you even after the event. Be remembered!

Follow-through with what you get out of the event.  Once you meet others and establish a relationship, make sure you get their business card.  Stay in touch and manage to continue communication outside of the event…this is the foundation for a strong relationship.

If you share the entrepreneur spirit, you’ll most likely succeed in networking.  Don’t just show up!  Don’t expect others to come to you!  Be present and use your uniqueness to build a strong network.  Your business will thank you!

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YOUR CHALLENGE:  Attend at least one local networking event each week for one month.  Does it make a difference in your business?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

 

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Appreciation, Management, Teamwork, Uncategorized

Employee 1

Are your employees unmotivated?  Are they listless?  Maybe they’re disinterested in their work?  Then it’s time to inspire them!  Inspired employees want to use their skills to their fullest potential.  And you want them to passionately strive to achieve company goals.

Give your workers an added jolt of energy.  Help them love coming to work every day!  You may be asking, “How do I accomplish this?”

If your employees are filling their basic needs with their paychecks, then they often need meaningful work to stay motivated.  They need to see their ability to make a difference and a contribution.  Meaningful work helps employees perform at their peak and to play a vital role in the success of your business.

Look at yourself first:
If you are not passionate about your business, then chances are, you are not able to inspire your employees. Re-energize your own enthusiasm about your business!

Focus on the talents of the employees:
When people get to do what they love and what they do best, they often perform at their highest abilities, giving your employees the option to shine.

Reward your employees:
If you have motivated employees who take smart risks and help achieve a company goal, make sure you reward them.  It will not only boost their morale, but it will inspire them to do achieve again and again.

Thank your workers:
Remember to express your gratitude.  Inspired employees are worth their weight in gold. Do what you must to keep them happy…and on the payroll.

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YOUR CHALLENGE:  Create an employee program to motivate your workers.  Set a goal so you can measure their work.  Do you see a difference in your business?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

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To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Appreciation, Customer Service, Management, Sales

-Ideally, you need to have a life that's congruent and harmonized. (2)There is a false belief out there that being available to your customers 24/7 is the best service you can provide.  For some reason, professionals believe they should be available to their customers at all times, take their calls immediately, always see them when they appear, and be there at the drop of a hat.  This is actually a recipe for disaster.  Here is why…

It’s dysfunctional to make yourself available anytime, day or night.  Actually, it’s impossible. Ideally, you need to have a life that’s congruent and harmonized.  You need to get a good night’s sleep.  You need to exercise, relax, and eat healthy.  You need clarity around your values and your daily activities need to be aligned with those values.

I bet you’re wondering this:  “My customers expect me to be available when they need me. People don’t like to be put off.”  You believe that if your customers want it, they want it NOW.  You believe that by being available to them 24/7, you stay ahead of your competition in a competitive market.

I ask you this:  Are you Superman?  Are you a machine?  Even machines need downtime for maintenance.  And cell phones need to be charged.  Well rested, fit, and happy people provide the best customer service.

Now you’re probably thinking:  “How can I change?  What about my spouse, my children, my friends…they all expect me to be there for them when they need me.”  This is a great response.  Here’s the thing…you have taught them all to expect you to be there 24/7.  It is now time to re-educate everyone!!  But you must start with YOU!

Step 1:  Define your values and what is most important to you.
Step 2:  Create a few simple rules and habits that will support those values.
Step 3:  Schedule some great conversations with your family, friends, and customers.

The purpose of the conversations is to create agreements on how you can best serve and relate to them, without make them upset or hurting their feelings.  And you must include a clean understanding of your limitations and availability.  The result will bring better customer service, and a better YOU!

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YOUR CHALLENGE:  Set a goal (timeline) for yourself when it comes to re-defining your values. Consider the conversations you need to have with others to get to the result! Is your goal reasonable?   Can you create a better YOU?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

Build a Business image 3 (small title)

To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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Leadership, Management, Success, Teamwork

How to Convert Employees into Team Members (2)

Wondering why your employees don’t take more ownership?  Do your employees have an entitlement mentality?  Want to know how to get your workers to care more about their jobs? Does it seem as if everyone just works for a paycheck?

These questions come up often in my business.  I hear many complaints about work ethic and mentality issues.  I do believe the root cause of this is a LACK of strong leadership!

Yes…YOU are the reason your workers are not stepping up!

Reality:  You currently have the team that you deserve.  Want a better team?  Then learn how to build one.  Ultimately you want the RIGHT people in your business.

Ask yourself these two questions:

1.  If any of your workers left your business today, would you feel good or bad?
2.  If you knew when you hired your worker what you know about them now, would you hire them today?

Your answers will tell you if you have the RIGHT people in your business.  If you want a great business team, then you have to be proactive and make sure all your workers are RIGHT for your business.

Once you have the RIGHT workers, then you will need to decide what position is RIGHT for them.  You are the one who will determine this!  As a leader, you need to build your team around the strengths of each worker.  It is crucial to create, define, and clearly communicate descriptions for each worker/role in your business.

A strong team starts with a strong leader.  Share what spires common vision, missions, and values.  Make sure that each team member knows their role, how they are going to be measured and compensated, and facilitate clear action plans for the team.

You need to work ON the business.  It will bring huge returns in profit and happiness.

Feel free to contact me if you need help getting rid of mediocre employees…roll up your leadership sleeves and work ON your business…today!!

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YOUR CHALLENGE:  Take a good, hard look at your team members.  Are they working up to your expectations?  Is it time to wean out the old and make way for a new, more productive team?

If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

For your complimentary business coaching session visit, www.bestchicagobusinesscoach.com.

Build a Business image 3 (small title)

To register for our complimentary workshop, How to Build a Business you can Sell, visit www.workingonthebusiness.com. Let’s work together to help your business grow. 

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