3 Indispensable Things to Know When Starting a Business

I’ve been speaking to people, and I don’t know if it’s because we’re in the first quarter of a new year or if there’s more confidence in the economy, but I’ve realized that many more people are looking to start their own businesses. As a business owner and social entrepreneur, I think that’s a great thing.

I’m often asked about my thoughts about starting a new venture, and candidly, I love the adrenaline rush, vision driving and strategy development of a new business opportunity. If you’ve been thinking about beginning a new company, there’s no time like the present to start to get yourself into the entrepreneurial mindset to consider if it makes sense for you.

If I were speaking to someone right now starting off as a new business owner for the first time, there are three essential things I would suggest they keep in mind:

  • Do You Really Want to Be an Entrepreneur?

The first question is the toughest, but you’ve got to sit with it for a while. I’ve spoken to many people along the way who have started a business, and then have fallen flat on their face and returned to the safe embrace of a 9 to 5 job. Being a business owner is not as “glamorous” as it may appear.

Sure, you’ll have a flexible schedule (on occasion) and are the final decision maker on large and small decisions, but being an entrepreneur is not for everyone. The truth is you will never work as hard as you do than when you’re a business owner, particularly in the early years. Twelve hour plus days, including weekends, is not uncommon.

Being a business owner means it’s all on you. You may have other people working with you. You may be one of those leaders who allows his team of professionals to be the professionals they are, but as an entrepreneur, your responsibility is to understand every area of your business: sales, marketing, legal, finance and accounting, administrative, marketing, research and development, product development, etc. It takes a great deal of time to know all areas of your business and make sure they are working correctly. It’s an endless process.

  • Do You Really Want to go into Business with Your Friends and Family?

Many times, particularly with small businesses, you’ll have friends or family members decide to go into business together. It makes sense to want to go into business with people you know and trust, but do you want to do that? If there is anything that comes up your relationships can be affected.

A great scenario is this one: you’re working 12 hour days and doing great in your areas of responsibility. Your business partner, and good buddy, perhaps is not as hard working and as disciplined as you are and so resentment begins to build. That’s a recipe for conflict and the likelihood that your business will survive with internal friction exponentially decreases with the increase in tension.

Another possibility is that you don’t go into business with any friend or family as your partner, but perhaps you decide to hire that same good buddy to be one of your first employees because you trust him. Again, what happens if he’s not putting in the hours or work that you think is essential for business success? There have been countless examples of business owners who partnered or hired friends or family only to be in a situation where the business has suffered (as well as the relationship) because of anything from work styles to fraud. It’s very tough to separate your business from your relationships without potentially ruining them.

  • Decide if You’re the Cupcake Baker or the Business Owner

Many people have a passion for something in their lives, and that’s great. Perhaps they love making cupcakes, or they love music and want to sell instruments. Whatever is your passion or interest, if you have one, you will not be only doing that work. As the business owner, the most crucial part of your business is a vision, sales, etc. and the path the company as laid out in your business plan.

If you love painting and you decide to open up a paint shop, you will not be spending your day painting. You will spend your day selling paint, dealing with customers and managing the books. Same goes for cupcakes or even widgets. The business owner that wants to grow his or her company is not going to be baking cupcakes exclusively but also running the business.

If you’re looking to grow, you’ve got to focus on the total “business.” As a business owner, the cupcake making, painting, music or widget making will be only one element, but it’s certainly not the “business.” The business is the promotion of your product, the price point, finances, customers, cash register, accounts receivables and payables, and payroll, etc.

In conclusion, don’t get me wrong. For me, I wouldn’t change anything in the world for my life as an entrepreneur. I love being a business owner and digging into all elements of my companies and brands. It’s invigorating, exciting and no day is the same. Any business owner will tell you, however, that the points mentioned earlier are essential for seeing if the entrepreneurial path is genuinely what you want.

3 Tips For Surviving Commercial Driver Shortage

The shortage of commercial drivers is no longer a news. In 2015, there was a report of over 30 000 empty seats which needed to be filled in the United States and the problem has kept escalating since then. It so surprising that there is a shortage of commercial drivers when commercial driving schools, as well as trucking companies, have been pumping out newly trained drivers. Statistics have shown a good number of certified commercial drivers who are unemployed but they aren’t lining up to fill the empty seats in trucking companies. As a trucking company, the following tips can enable you to survive the shortage of commercial drivers.

Tip 1 – Creating Opportunity for Growth in your Company

Working for a company and remaining in the same position for several years can be discouraging. One of the ways to reduce the turnover of drivers and attract new ones is by providing growth opportunities. Based on the performance of the driver, they can be promoted to other roles such as team captains and supervisors. However, the criteria for promoting the drivers should be made known to every driver on the field in other to prevent those who went promoted from getting frustrated and upset. Also, a company where there are growth opportunities are quite attractive to the younger generation of drivers. Better equipped trucks, automatic transmissions, and improved sleeping cabins are few of the other ways to attract young drivers who seek more comfort and convenience.

Tip 2 – Offering Better Compensations and Performance-Based Incentives.

Offering better compensations to drivers is not an added expense but a means of reducing cost. It reduces your cost of recruiting and training because you get to attract more experienced drivers while reducing the turnover of your existing drivers. Also, drivers who do their job well, arrive on time, drive safely, and are efficient and productive should be given bonuses. This keeps them motivated.

Tip 3 – Making the Job Easy

There are new technologies such as the route optimization software which helps in planning accurate and well-optimized routes. This ensures that drivers never get stuck on the road. It assists them in increasing their productivity and timeliness thus making the job easy and seamless. Also, the software comes with a tracking device which enables the company to know the location of their drivers in real time. This enables the company to be able to send assistance to the driver in case of any problem or breakdown of the vehicle while on the road.

Today, if you are looking for a website with good games. We have our website to recommend. It is a website specially designed for game lovers, with over 1000 games from many famous brands. that everyone is able to choose to play at any time Whether คาสิโนออนไลน์ playing through a mobile phone or playing through a computer, it can be played all the time. and if stuck any problem We have staff to answer questions 24 hours a day to help you around the clock. that choose to use our services

How To Grow A Small, But Resilient Business

Small businesses, particularly those looking for an organic growth fail more often than they think. The success rate being fairly low, startups and small businesses need a foolproof strategy to be successful in the long-run. There are several things a small business owner can do to take her business to the next level. While on one hand, setting up of goals, planning in that direction and organizing the tasks is imperative, staying put with the latest technology is also equally important on the other.

The latest trend that small businesses have been seen to follow is embracing the cloud technology. The bookkeeping technology has taken a sharp turn, moving up from the traditional methods to accounting on the cloud.

QuickBooks Cloud: A New Way of Managing Finances

QuickBooks Cloud is bookkeeping software that serves the users with all of the necessary accounting tools at a single platform. It has not only made accounting and bookkeeping easier for its users but also made documenting simpler for CPAs, entrepreneurs and owners. Here is how an entrepreneur can grow a small but resilient business with the help of QuickBooks Cloud.

  • Embrace The Cloud, Once and For All

To compete with the larger firms and make a mark in the market, firms need to move to the cloud already. QuickBooks Cloud is an innovative way that offers anywhere, anytime accessibility along with a slew of unique benefits such as printing checks, managing payroll, keeping a track of inventory, managing the invoice etc on a single platform, without depending on paper.

  • Enjoy Increased Productivity Finally

Small firms need to work on their productivity. Since the workforce is comparatively smaller, SMBs need to work out a system that helps them to grow. QuickBooks cloud is highly scalable, thus when a firm grows, the growing functions can be easily managed without increasing the firm’s expenditure.

  • Make Tracking A Habit

In the traditional methods of bookkeeping, entrepreneurs would keep a lot of tasks on the mind instead of on record. This can be classified as an inefficient method of running a business as it is a careless method of tracking the tasks. With QuickBooks Cloud, tracking can be done on the software in no time. The software unfailingly reminds the users to make the payments on time, to track the inventory and to schedule or/and attend the upcoming events.

  • Keep Up With The Taxes

QuickBooks Cloud helps its users to stay updated with the changes in tax laws. Along with that, tax payments have also become a lot easier as QuickBooks software helps to organize the taxes beforehand. Tax payments with QuickBooks are a stress greatly reduced for the firms.

  • Be A Learner

A successful entrepreneur understands the importance of being up-to-date with what’s latest. Learn where the competitors and leaders are going. The customers need keep on changing and so does the market. Thus, a SMB must keep up with the market to be in business in the long run.

  • Backup and Backup

Cloud means multiple backups. And with QuickBooks Cloud, an entrepreneur is making sure that he has several backups for his most valuable company’s data. Loss of data owing to any possible cause can mean a loss of thousands of dollars to the firm. Thus, every company is required to keep its data safe.

  • Enjoy Better Planning For Your Business

Cloud helps the firms to plan its future in a better way. The scalability feature of cloud helps firms to expand and contract their functions easily. With easy access from anytime, anywhere, the entrepreneurs can carry out the work with the clients and CPAs even if they are located at a remote location in any part of the world. Thus, better planning and problem solving made easier on multiple levels.

QuickBooks Cloud has helped young entrepreneurs, CPAs and owners of small and medium sized businesses to do more at a single platform. With cloud computing technology, the users will not only save their time and money, but will also stay up-to-date with the latest advancements in the field of bookkeeping. Businesses thus looking to compete with the larger companies can start with accepting QuickBooks Cloud server for running their accounting operations in a more resilient manner.

How Innovation Can Yield Results

Innovation requires being profitable besides being realistic. Innovation must earn some positive consequence. In a different approach innovation is the use of improved way out to get fresh needs, incoherent or active needs. For your business, it can be a great mechanism for the expansion and achievement of. It helps in becoming accustomed and developing in the business field. In order to save money as well as time in your business integrating, innovation can help. Innovation can also provide the competitive lead to grow and settle in your business in the suitable marketplace.

The Key Factors

To become innovative doesn’t indicate inventing. Businesses receive an enhanced output and performance when innovation is implemented besides creating a better efficiency in work processes. Therefore the integral element of your business approach must carry successful innovation. This implies inducing fresh thoughts, making dynamic products and also getting better the ongoing services. Connecting with consumers so that they can provide with some innovative ideas for the upgrading of various processes or services or products is a viable step. Engaging employees to innovatively think and work can be a turning factor. Market analysis of the requirements of consumers can bring forward new adoptions for change. Other than all of these the factor that boosts innovation is ‘inspirational leadership’.

The Pioneers

Innovative entrepreneurs have something called creative brainpower. This facilitates innovation yet varies from other kinds of aptitude. It is more than the cognitive skill of being right-brained. Innovators bring into use their understanding and intelligence as they influence the innovation agility to generate innovative thoughts. Innovators cautiously, deliberately and without a fail observe for minute conduct particulars in the doings of a customer, supplier, and others. They do so that they can get insights regarding innovative means of performing things. These innovators constantly engage in some sort of dynamic experimentation. It may be logical study, substantial fiddling with or engagement in a new environment. Dedicating energy and time to set and assessing ideas using a system of varied individuals offers the innovators very changed outlook. The knack to bond effectively with apparently dissimilar queries, initiatives or dilemmas from diverse grounds is what formulates an innovator.

The Results

Innovation signifies looking at a dilemma in a dissimilar way to trace the answers that elude straight requirements practices. There are modus operandi, devices, and tactics which you can put together with your ongoing development procedure to be the element of your innovation. Innovation isn’t a supplementary task rather it is a factor of what you carry out. The intention of innovation is to come across an improved link connecting your business and other processes. Your innovative solution should be reasonable financially. It should offer more consumer fulfillment when conveyed and think likely of your necessities for tomorrow.

While there are innumerable mobile apps that are someway similar to each other there are many which stand out. The one which is exceptional must have been out of an innovative brain. The reason why we see a large number of gaming apps is a repetition of an idea over and over. Striking a strategy totally out of the blues can be lucrative. With the prosperity increasing in technology, besides the cut-throat competition, only a revolutionary innovation can bring forward a mobile app profitably.

10 Profound Insights From Impactful Entrepreneurs

Wouldn’t you love to have Seth Godin, Marianne Williamson, and Prince Ea give you advice about your impact?

You can!

Those are just three of the impactful entrepreneurs I’ve interviewed on the Work Alchemy podcast. And every time, I ask them: what advice would you give an entrepreneur who wants to make a difference, to contribute more, to have more impact?

So here are 10 profound insights from the famous and not-so-famous, all impactful entrepreneurs and leaders. (Note: slightly edited to make the conversion from conversation to the written word more easily understood, but it’s as close as can be):

  1. Look inward. We were put on this planet with gifts, talents, a perspective that no one has. It’s our obligation, our duty, to find out what that is, to do that. Loving, serving, or giving or all 3 is why we’re here.

~Prince Ea, rapper, filmmaker, speaker, activist

  1. Don’t wait. Get started. Be brave and jump. But admit when something’s not working. You’ll find a way around obstacles.

~Kate Groch, educator & changemaker

  1. Don’t see your business as separate from your spiritual life. Business plays an important part in the world today, so it’s important to recognize your ethical responsibility. How will their life be affected by your business? Positively? If you take care of that domain, if you water those roots, blossoms will emerge.

~Marianne Williamson, spiritual teacher, lecturer, author (& all-around sage)

  1. Put your creativity first. First in the day. It only takes 10 minutes a day to play with what it is that I love most to do. It may not look like anything to do with your business. It will open more magic for you than any single thing you can do.

~Katie Hendricks, conscious living and loving trainer & author

  1. I would love it if people would be able to identify people they love in their lives who they love and admire, and turn that same intensity on themselves. Bring as much admiration and open-eyed joy to yourself. Then say, now let me look around my business to see what small change could I do to effect positive change.

~Indrani Goradia, nonprofit leader dedicated to empowering women around the world

  1. In my integrity cleanse, I decided I will ask myself every time I take an action, I stop and check, what’s truest for me? I don’t just agree with people idly anymore. I only say what I think is true. That’s quite challenging! Sometimes what you have to say is not socially welcome. It does immediately begin changing your social world in a way that takes you to the people you love, and then your business becomes the people you love. It’s a poorly kept secret that people who love each other in business do better.

~Martha Beck, life coach (the original), speaker, best-selling author

  1. Two things: 1) Check your broadcast. What are you broadcasting to other people? Start with what I call the power lead. Start conversations, emails, meetings, phone calls by saying something positive and meaningful. Those sentences can set the tone for the conversation. ‘Meaningful’ creates social connection, one of the greatest predictors of long-term happiness. 2) Before you read any emails in your inbox, write a 2-minute email to someone thanking them for something they’ve done recently, why they’re important to you, praising them. It tells people they matter to you. It also communicates to your brain how robust your social support is. That alone will change the rest of your day.

~Michelle Gielan, national CBS News anchor turned positive psychology researcher

  1. You’re not creating something, you’re steward-ing something. Something wants to come through you, to be born, to express itself. Think, ‘how can I steward that, ease the path for this thing’, instead of ‘how can I be me’. You happen to be the vessel. It can’t happen without you. With any shift you can make from create/manufacture to steward/guide, more wisdom comes from looking at it that way.

~Susan Piver, meditation teacher, bestselling author

  1. Here’s my simple 3-part formula for social media success that’s in alignment with your values and your available resources: 1) content – tell the story of your brand, yourself, making of your product, and also putting the spotlight on your customers; 2) engagement – respond to people, proactively start discussions, proactively reach out to people, and 3) conversion – ultimately, the purpose of business is to make money/profit, and it’s challenging for women to own that piece. Ask for the sale, include a call to action. Have that 3-part system permeate your emails, social media. Integrate your personality into your communications, your heart, your love – that’s a wonderful impact on the world at large.

~Mari Smith, marketing expert, keynote speaker, brand evangelist, author

  1. Don’t worry about the larger world. Start with 10 people, 5 people. Change 5 people. If you can change 5 people, you’re on your way.

~Seth Godin, author, speaker, marketing sage

Stop Managing Your Time and Do This Instead

Racing to the next meeting. Hurrying to finish the project.

That can define your days. And busy as you are, it can still leave you feeling that you haven’t used your time well.

With all our many time management systems, time still seems to slip by. You haven’t accomplished everything you wanted to.

The fundamental basis of time management is that it’s a limited resource, something to be managed and every drop squeezed out of it.

That can leave you feeling exhausted.

I’m here to recommend an alternative.

Instead of clock-watching, focus on your priorities instead. What is most important to you in terms of the impact that you want to have?

In order to do that, you’ll have to clearly define for yourself and for your company what your intended impact is. How will you grow and develop your amazing self and company and contribute to making the world better for all of us? That’s the essential question about your impact.

To focus you in, it’s valuable to develop one statement that, on a high level, encompasses the impact you want to have.

You may already have that clarity. If you do, write it down! That’s your Impact Purpose statement.

If you don’t, one way to start to access that clarity is to think back on the things you’ve done that have felt very fulfilling for you. Is there a common thread?

Once you have your Impact Purpose statement, incorporate a focus on impact into your planning, and each quarter, each week, and each day will give you the opportunity to have more impact.

If you can include at least one impactful thing in your day, you’ll make a big impact over time.

Ursula Jorch is a speaker, business coach and consultant who helps entrepreneurs grow a successful business that makes a difference in the world.

Find Ursula on her podcast, Work Alchemy: The Impact Interviews where she interviews impactful entrepreneurs and leaders like Seth Godin and Marianne Williamson, and at WorkAlchemy.com for free resources for you and your business.