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The
Small
Business Advisor
Newsletter for March,
2003
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CONTENTS
Notes, tips, etc
I want to start a _______ business!
Image is really Important!
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NOTES/TIPS/etc
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VETERAN OWNED BUSINESS. If you are a vet-owned business you should
visit the Center for Veterans Enterprise at http://www.vetbiz.gov
to learn about their services. They work with the SBA’s Office
of Veterans Business Development. Find out how they can help by
visiting http://www.sba.gov/VETS.
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If you have employee’s fraud can be a problem. Take steps
to prevent and detect:
1. Make sure employees have a way to report fraud.
2. Examine your books periodically
3. Set a good example
4. Prescreen employees carefully
5. Perform regular bank reconciliation’s
6. Have a written code of ethics
7. Secure inventory and supplies
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See if you qualify as a “small business.”
https://eweb1.sba.gov/naics/dsp_naicssearch2.cfm
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Check out some ideas on how to be successful with your business:
http://www.sba.gov/starting/indexsuccess.html
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I want to start a _______ business!
by Robert Sullivan
One of my most frequently asked questions is, "I
want to start a (insert specific business here) business - where
do I start and/or find information."
AFTER you have schooled yourself in the basics
of starting a (any) business such as by reading articles available
on The Small Business Advisor (http://www.isquare.com) or on many
other small business related websites including the SBA at http://www.sba.gov,
here are some hints on finding information that relates to the specific
business you are interested in:
1. Visit similar businesses that are nearby - talk
to the owners. You might be surprised at how much information you
can find with this technique. Small business owners love to talk
about their business - even if they view you as a possible competitor.
2. Visit a local large bookstore such as a Borders
or Barnes & Noble and browse the small business shelves. You
will find many books devoted to specific businesses. Here are a
couple we like:
101 Best Home-Based Businesses for Women by Priscilla
Y. Huff
100 Low-Cost Businesses You Can Start Today by Entrepreneur Magazine
Both are available at bookstores or Amazon (http://www.amazon.com)
3. Visit your local library and ask at the reference
desk for a copy of their periodical reference. This thick volume
will contain listings of periodicals covering specific business
areas. Contact the appropriate periodicals and get a sample issue.
4. While at the library also review their association's
reference. Here you will find hundreds of associations devoted to
every imaginable topic. One or more might be useful to you. Industry
specific associations generally have a variety of information available
that will be useful to you. There are Associations for everything,
for example;
American Alligator Farmers Association
American Art Pottery Association
American Beauty Association
American Furniture Manufacturers Association
Clowns of America
National Association of Child Care Professionals
National Chimney Sweep Guild
…. There are thousands ….!
5. Do an online search for your specific business
- the Internet is a fantastic source of information and data.
6. For wholesale product information for many businesses
check out The Thomas Register. The library will have this reference
(about 20 volumes!) and it is online at http://www.thomasregister.com.
========================
Some really good advice … ed:
IN BUSINESS, IMAGE ISN'T EVERYTHING; IT'S THE ONLY
THING!
by Chuck and Sue DeFiore
We have all heard this lament, but how much do
we practice it. With all the relaxed rules today, do we really present
ourselves in the best light. It seems all the articles I see today
are about how old fashioned today's workers find their supervisors
or bosses to be in the way they dress, the policies they implement
and the old fashioned ways in which they conduct their business.
I am of the belief, and will continue to believe,
that the first impression I make is the lasting one. Whether it
is by phone, web site or in person, I want to present myself in
the best possible light. But then again, I am from the old school,
the one today's workers are complaining about.
Let's look at the companies that are still standing.
After all the hoopla has passed, the companies that have used the
fundamental principles of Business 101 are the ones still among
us. The Intels, IBMs, Burger Kings, AT&Ts, Sears, Microsofts,
Dells, Gateways, etc.
I am not advocating living in the dark ages. I
believe for a company to survive it has to move with the times,
but the basic structure and foundation on which we have built our
business - image, courtesy, ethics, the customer being right, are
the cornerstones to running a successful business, whether it is
home-based or not.
Too many home-based business have taken the pajama
mentality into all of their business practices. I have called on
businesses that have cute messages on their machines, music that
is obnoxious, children answering the telephone, screaming televisions,
radios in the background. This does not inspire confidence in me
to do business with this person.
That is not to say I have not had reservations
about companies that have offices outside the home. In fact, it
was a call placed to one that inspired this article. When I called
and spoke to the owner of this business, she had no idea on how
a particular process worked or what it's cost would be. Wow, it's
her business and she doesn't know how it works or what it costs.
Guess who I didn't do business with. I am not saying you have to
be an expert, but at least know the basics and tell me you employ
an expert in that area that will be better able to help me, don't
hem and haw and tell me you don't have a clue. This does not give
me a good impression of you or your company.
There are businesses in corporate offices that
are more fun houses than companies...and they don't inspire any
confidence in me either, so I am not picking on home-based businesses.
The purpose of this article is to remind all of
us (home-based and non-home-based) that how we present ourselves
is of paramount importance.
When you answer your telephone, answer it in a
professional manner. When you go to an outside meeting, if you are
home- based, dress for the meeting, not for home. If you have clients
come to your home, be sure it is presentable, and that you are too.
Just because you work out of your home, does not mean, shorts and
a T-shirt are appropriate for meeting a client. Have your identity
package (business cards, letterhead, brochure) done professionally,
proofread and spell check any correspondence that leaves your office.
Your first impression, whether in person, over
the web, by phone, or correspondence is a lasting one. Make it a
good one and you'll have clients for life if you treat them right
- the old fashioned way.
The only place
I've ever found I was wrong is with restaurants. Some of those little
holes in the wall have turned out to have the best service and the
best food, so I guess when it comes to businesses, you can't judge
all books by their covers, just most of them.
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