Three tips to engineer small business growth

In today’s business world, competition becomes tighter and tighter everyday. This is why small business owners need to be focused on your goals, mission and objectives. In order to achieve those, you need to invest your times on improvement and learning.

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Growing a Small Business

As an entrepreneur or business manager, you know that focusing on your growth opportunities can be quite challenging especially when with imminent crises that distract you away from strategic business planning. Thus, it is crucial that you spend quality time to develop business strategies for navigating your enterprise to achieve your desired results.

Keep in mind that no business can achieve growth without having a good plan. Make sure that you invest some time and effort in your business planning activities if you want to achieve business growth. If you already have one, it is important also to revise it and update with current trends.

Another important factor that helps achieve business growth is effective leadership. When you’re the owner and manager, you are responsible for almost everything in your business. To avoid losing concentration on the things you need in order to grow your business, don’t put yourself in the habit of switching from one goal to another. Focus on your goals, roles and responsibilities. Otherwise, you’ll invariably position your business to fail. You must always focus on your core priority functions to maintain your effectiveness.

Once you have set your plans and leadership strategies, the next step for you is to think of how you’ll make sales. Keep in mind that you need to make sales in order for you to cover all your business cost and make profit. If you can’ make sales, you can’t grow even if you lead for employees outstandingly. Marketing and sales are the key elements of business survival and should be properly planned.

For more tips on how to grow your small business, read this post:

Chickens are coming home to roost

Are you looking for a home-based business idea? Do you love to breed and take care of chickens? Taking care of chickens is truly a nice and fun hobby. Chickens running towards you during feeding time help reduce your stress and whenever your hens hatch their eggs, you become so excited to see your newly hatched chicks.

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Apart from the joy your chickens bring, they can also be a good source of food. You can eat chicken meat as well as their eggs. Not only they are delicious, they are also good sources of protein and other minerals essential to the body. And if you have too much chicken meat and eggs more than your family needs, you can also use them as an extra source of income by selling them. And if you really want to get a full-time income, then you can breed large amount of chickens for commercial use.

When taking care of chickens however, you want to make sure that you know how to care for them properly in all aspects to ensure that you have happy healthy chickens at all times.

Taking care of chickens starts with the coop. Chickens simply were not made for wandering, especially in our day and age. Sight out a clear area that is overgrown with grass and bushes, as these are ideal hiding places for predators and would simply invite them to come in for a closer look. Chickens ideally grow on clear area, with perhaps a little shade from a nearby tree, especially if you live in a hot climate.

The best coop will also include a chicken house where the animals can go for shelter during inclement weather and nest in, so that you can gather those fresh eggs.

Chickens are not easy to grow; they multiply fast and mature faster than most animals. However, they have high mortality rate. That is why you really need to know how to clean their cages, how to use medicines, etc.

For more on taking care of your chickens, check out this post:

Home-based business

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Nowadays, more and more Australians are setting up a home-based business compared to those who choose to set up a viable one. That’s because they have found the many benefits home businesses can bring.

Apart from the tax advantages, running a home-based business saves you from daily transportation expenses. You also have unlimited flexibility in balancing work and family commitments. Using technology for communication and business processes makes working from home a sensible and practical solution to the high price of gasoline, commuting time and costs of buying new clothes.

But just like any kind of business, you need to have a comprehensive business plan. It will focus your efforts from selecting a product to sell all the way to the actual marketing of the product. This plan will cause ideas to generate and perhaps new methods of distribution for your business.

For the long term, the overhead costs for starting an online business in your home are very low. The government provides several tax incentives for individuals who have businesses set up in their home. However, are some strict rules and regulations that must be met to qualify for the home-based business deduction but once confirmed, the tax refunds for having a home based business are very lucrative.

To learn more about home-based businesses in Australia, read this:

The Effects of Leadership Styles on the Organisation

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Leadership in business takes many forms and styles. But whatever your style of leadership is, it is important in order to properly manage and motivate your employees and achieve your business goals. Good leaders do not take one form and stick to it. Rather, they look for the right situations for each style. However, good leaders do know what their dominant style is and capitalise on the benefits of that style.

So if you want to become a good leader, you need to understand the leadership styles and the potential pitfalls of each. Think about which style is yours – and how you can modify it in various situations.

Autocratic leadership, also referred to as authoritarian leadership, is the style where the leader normally outlines what he or she wants and how this is to be achieved. In many ways, autocratic leadership isn’t leadership at all but a form of disciplinarian management. Participative or democratic leadership is a style in which the leader still outlines a goal but allows some input from the business as far as how the goal will be achieved. Finally is the delegative leadership which is the most empowering form.

Knowing the best type of leadership that fits your organisation is important. If you want to learn more about the effects of leadership styles in your organisation, check this out:

How To Quit Your Job With Dignity

Quitting your job and having to start your own business can be very challenging especially if you are looking for stability. This is the reason why not every person is able to reach their highest potential because they are trapped in a job that is not really rewarding.

Many are trapped in a job that is not really rewarding which is why not every person is able to reach their highest potential. There are a number of reasons why someone will choose to work under a contract than gamble and take some risks in business. Having a job means securing your family, being able to pay the bills, and providing a better future for yourself or family.

Unfortunately, any job that is not personally rewarding will wear out any person in the long run, physically or mentally. Hence, it is important that you understand when is the best time to quit your job and start focusing on your business.

There are many rewards to starting your own business. Aside from becoming your own boss, you get the chance to earning a lot of money – this is of course if you become successful entrepreneur. Therefore, it is best to prepare yourself. But if you are 100% sure that you need to quit your job and start your own business, then go!

If you are in trouble finding a way to quit your job with dignity, you should read this:

Selling a Business Involves More Than Money

Some things have to end. Just like when you run a business where success is not a guarantee and risk is always present. When it comes to business, there are some instances that make you realise you have to quit because your business is not performing the way you expected. This is the time when you have to sell it.

So you have already decided to sell your business. Now what? Do you know where to start? Most small business owners have never sold a business before and have many questions about the selling process.

When selling a business, one of the first and most important things to know is the worth of your small business – this is the most commonly asked question. The value of a business depends on many factors including the profit, the current economic situation, the market and much more. Although this is a very straight forward question, the answer is not straight forward.

Secondly, it is also important for you to know the length of time it will take for you to sell your business. Usually, it takes a year or longer for a business to be sold. Finding the ideal buyer takes time and choosing the wrong buyer can leave you wishing you never sold the business in the first place. It is well worth the time to find the right buyer and only sell when there is a qualified buyer.

For more on selling a business, you can read this article from NY Times:

Online business ideas: what’s the best online business you could start?

Online business is a blooming industry that allows many people to earn comfortable living without even leaving their home. Home based online business may be difficult and something impossible to do for many individuals, is a very reachable thing everyone can accomplish.

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Do you have the right knowledge on the fundamentals of running an online business? If you do, there is no reason that you could not succeed in this field.

The first major advantage to an at home career is that while not having to go through the grind of a normal 9-5 job, you can make good money. You don’t need to up early, have a long commute with traffic, and do the same thing all day every day can wear down even the most optimistic person. Home based online business, though it does require hard work, does create a lot of time for relaxation and greatly reduced the stress of working.

Another advantage of running business online is the additional time that becomes available to spend with family and friends. Doing anything whenever you want is a very realistic thing because you make your own schedule. Having a home based online business can be especially rewarding when you have children because of the time you have to enjoy them. Making money while doing what you want is a truly wonderful thing.

Doing business at home is surely an advantageous move. For more online business ideas, read this article:

The entrepreneur teaching Japan how to take more risks

Business owners are some of the most optimistic and sometimes the craziest people in the world. Of course, they will not take risks and start their own business if they think it will fail.

Perth NewsAll entrepreneurs are convinced their idea is a great one, and it will be one of the few that will succeed. It is important to feel this way, otherwise we would never take the risk to invest our own money, or borrow from others to start our business.

The success of a business greatly depends on its owner. When the owner fails, the business will also fail. Your business must compete to succeed. There is always someone out there, trying to win over as many of the customers that you are targeting.

Business is a competitive struggle so you must do your best in making decisions and coming up with creative ideas to make your business grow and eventually succeed.

Therefore, you need to have discipline and motivation. Anywhere there is competition, there must be discipline. You could have the most unique skill, or the best product idea, but your business will never achieve its full potential, if you do not have discipline – discipline as to when to take or not to take risk.

When talking about risk, has an interesting article about a man from Japan who is teaching his country to take more risk. His name is William Saito.

Read it here:

The 5 Motivations That Drive People to Choose Entrepreneurship

There are many motivations that drive people to quit their jobs and choose entrepreneurship instead. One of the primary advantages is the fact that the success of your business lies in your own hands. In entrepreneurship, failure is normal and a common occurrence. But even though many entrepreneurs fail, that failure is mainly due to lack of experience and knowledge.

Perth Business NewsOf the motivations of entrepreneurship that drives people is money. When you start your own business, your potential is unlimited. An entrepreneur has the ability to create new products and ideas to meet the needs of an existing market. This is known as innovation. By being innovative, an entrepreneur can develop new profitable industries just like Zuckerberg and Branson.

Another reason why some people love starting their own business is flexibility with their time schedule. Being your own boss in the world of entrepreneurship frees you from those restraints. You set your own schedule and responsibilities. You also have control over everything around your business.

Furthermore, when you run your own business, you become your own boss so you become the leader of your team. This way, you can practice your leadership skills. For some, they just want to lead his or her company so that they can create a legacy that the whole world will know.

To learn more about the motivations that drive people to choose entrepreneurship, check out this article posted at Entrepreneur: