Is Your Business Cash Flowing or Cash No Showing?

Excuse me, business owner, got cash flow?

Proper management of the cash flow in your business will determine the long-term success of your company. A business that is not cash flowing is considered a hobby, and we all know hobbies cost money. If you are a business owner and there is a cash flow issue, you will need to do a complete analysis of your business model from top – down.

Do you have a blueprint for success for your business? Got cash? Cash is King in Business. When cash is flowing in a business, it gives the business an opportunity for expansion, such hiring new team members to take the business to the next level, or maybe expanding the business to an international market. Many first – time business owners fail at properly managing cash flow, instead of reinvesting back into their business they take the cash and spend on it on personal use. I have seen this happen many of times with people who make that transition from being an employee to an entrepreneur. They’re used to having a paycheck coming in on consistent basis that when their business starts to cash flow they eat the first fruits from the tree instead of planting the seeds to grow a bigger tree.

Cash flow management is essential for businesses that succeed. Cash flow is one of the key elements to taking your business to the next level. A business that does not cash flow can cause a great deal of stress to first time business owners. Now with some businesses it may take some time to start generating a cash flow, and this is okay. But you must determine how much time you are willing to invest in a business that is not cash flowing? Is your team willing to stick and stay? If you are interested in laying a foundation for a profitable business currently and into the future, you must inspect what you expect. Put it all in writing so you can have it before you. If you need help analyzing the number seek counsel from someone who has experience in running a successful business. The objective for your business is to track your income and expenses so that you put your business in a position to prosper. And you do want to prosper, correct?

You must realize that your business is an asset that will thrive when you analyze where your business is currently and then move into the mode of creating a cash flow projection, Savvy business owners know how to create and come within the constraints of a cash flow analysis based on a weekly, monthly, yearly and long-term (5 year, 10 year etc.) projections. This will help you to retain modes of doing your business that are lucrative. It will also empower you to take action in your business to create innovative solutions to needs for your products and services in the marketplace. When you have been in business for a few years a review of your company cash flow patterns will help you to evaluate any areas that need to be amplified so your business can go to the next level. For more knowledge in the area of taking the capital that your business gains seek the advice of leaders in your industry, business bankers, and business financial planners that have attained high levels of success and are willing to empower you to reach your goals.

Ideas and Scrapbooks Make for a Great Home Business

Scrapbooking is one of the most popular crafts out there today, and there are more and more people starting to scrapbook every year. If you love to scrapbook, home based business might not be the first thing that springs to mind, but it is entirely possible to turn your love of scrapping into a profitable home business. In fact, there are several ways you could go about it.

Scrapbook, Home Based Business Idea 1: Teaching Scrapbooking

If you’re already adept at scrapping, and you’ve been creating beautiful mementos for a while, you might be able to make money teaching new scrappers how to create their own albums or pages. Consider advertising in your community, include the cost of a set of basic materials in the cost of training, and teach people how to get started.

An alternative would be to create a series of training videos, have them put onto DVD’s (or sell them as a downloadable product) and sell them through mail order or on a website.

Scrapbook, Home Based Business Idea 2: Your Own Online Store

Another great idea that can help you to turn your love of scrapbooking into a money spinner is to start an online scrapbook materials store. Look for websites that offer wholesale or dropshipped scrapping materials and tools, and create a site where you sell them to other scrappers online. You don’t have to have an expensive retail store, you can sell globally, and thanks to super easy to use site builders, anyone can create a professional looking online store these days!

Scrapbook, Home Based Business Idea 3: Scrap for Profit

If you love creating beautiful, creative memories by scrapping, then you might just be able to create custom commissions for clients. Advertise in your local newspaper, online or anywhere else where people might be looking for this type of service. You can specialize in one type of scrapping (weddings, christenings and other special occasions for instance) or you can offer a general ‘scrap to order’ service.

Scrapbook, Home Based Business Idea 4: Write a Book!

These days, it’s easier than ever to create an e-book, or even a book that you publish on demand. You can sell your book through online stores like Amazon and Barnes and Noble, and if you can’t write very well, then there are plenty of freelancers out there who will take your ideas and put them in words. Self publishing costs very little to set up, and there are people who make a good living off of their self published books.

Whether you choose to start one of these types of scrapping businesses, or whether you have another idea up your sleeve, there are a few things you should do before you leap right in.

Scrapbook, Home Based Business Idea 5: Scrapping Kits

Another great idea is to make up scrapping kits for a variety of occasions, and for different skill levels. Sell them in your community, or by mail order. Include a variety of different scrapping safe papers, embellishments and other items, and include basic instructions for designing and making your own scrapping pages or albums.

Create a Business Plan

The first step in creating any business, including a home based scrapbooking business, such as the ones we’ve mentioned above, is to create a business plan. If you’re not applying for financing, it doesn’t have to be complicated. Just write down what you plan to do, and how you plan to do it. Work out how much you need to make to make your business idea worthwhile, and then work out how you plan to make that. Keep referring to and updating your business plan as you go along too.

Find Suppliers

Whether you’re offering scrap book training or selling products, you’re going to need suppliers for the materials required. The internet is full of sites for companies and wholesalers who offer a wide variety of scrapbooking products. Spend some time finding the best quality, best value products out there, so that you can maximise your profit.

Market Your Products or Services

Scrapbooking businesses are just like any other business, and you need to market them if you want them to work. Think about places that you can advertise your services. Community notice boards, local newspapers and public libraries are good for offline, local businesses. Social networks are good for any type of business, and free online classified sites also work well for all kinds of scrapbooking businesses. Look for cost effective marketing ideas for your home scrapbooking business, especially while you’re getting started!

Partner With Related Businesses

Another good idea, when launching a home based scrapbooking business is to partner up with businesses in your area that offer related products and services.

For instance, if you are going to be offering commissioned scrap book services for special occasions, talk to local photographers about referrals from their clients, and offer them a commission in return. If you plan to offer scrapping lessons, find out if their are any other local craft trainers who would consider a reciprocal marketing service, where you each market each other’s programs.

Slow and Steady Wins the Race

When it comes to building a successful home business, including a scrapbook business, you want to make sure that you start small, and grow at a pace you can handle. Work out what you capacity is to begin with (how many people you can teach at once, for instance) and base your planning on that. You can always expand later on, but if you try to start too big, too soon, you run the risk of burning out. Home based businesses are supposed to be profitable AND fun after all, so you don’t want to stress yourself out before you’ve even started!

The good news is that there are plenty of possibilities for home based scrapping businesses, and with a little creativity, a little effort, and very little initial investment, you can grow your business into a very lucrative one! In fact, just about any hobby or activity you enjoy can become a business, if you think about it a little, so whatever it is that you love, think about how you can turn it into your career or business.

Why Even Small Businesses Should Have A Website

In this day and age, computer usage is increasing by leaps and bounds. Every business considers website design at some point or other, even small businesses.

When you consider the computer literacy level of the younger generation, the trend of the future becomes clear. We can imagine that as the future approaches, computers will become a much more dominant influence in all our lives, even more than it already is.

Face it, computers provide entertainment, information, and shopping fun! But you still ask yourself, do I really need a website? As a business, you have to realize that your competitors most likely do, or if they don’t, they will! This means that they might have an edge over you right off the bat. (Of course, if their website is unattractive, full of grammatical errors, uninformative, etc., it will drive customers away…..but more on that later.)

Your competitors with a website have that additional exposure, credibility, and opportunity to have their potential clients get to know them and their products in order to lure them into their store before yours!

Being on the internet allows anyone with a computer, smartphone, iPad, or android, etc. to be able to look you up and read about your products or services. When you give out business cards, pass out flyers, or place advertisements with your website name on it, you have another way to put more information about yourself into your potential customer’s thought process. Remember, the more they know about you and think about you, the better chances are that they will become your customer. And that’s the goal of any business.

Now, a new technology is becoming more and more prevalent. It is called QR codes. In essence, it is a type of barcode that you can print onto your business cards, flyers, etc., that people can scan with their smartphones. When they scan these codes, the mobile page that the QR code is internally linked to pops up on their phone!! This is a great marketing tool that can be implement into your website design.

Not only is an attractive website appealing, but if done well, the proper website designer can help you create your special business identity. Your website can help you identify and focus your business persona that sets you apart from other businesses similar to yours.

There are many websites on the internet that do nothing but give a bad impression of the business or organization that it represents. Face it, people are influenced by attractiveness whether it’s people, houses, clothes, or websites! Therefore, it’s important that your website has a good look.

Beware web design companies that just throw up a website for you without the thought and creative marketing ideas that are required to develop a website design specifically tailored for you. Some web designers are designers strictly because they have the technical know-how. However, technical know-how does not translate into marketing savvy or creative ability. Be sure that your website looks professional and suited for your needs and type of business while still being attractive and pleasing to the eye.

After all, it’s always better to be more attractive than unattractive! Of course, beauty is in the eye of the beholder, but in general, a thing of beauty usually appeals to the majority.

A professional, appealing website which provides pertinent and relevant information about its business contributes greatly in establishing credibility. People automatically tend to believe that the business is established and substantial. This website does not look like a do-it-yourself freebie job. It looks as if the business took time and resources to have a professional website created. It portrays the idea that this business is an established business that will stand behind its products and treat you like a valued customer!

In the same way that an attractive, professional website adds credibility and substance to your business, it adds prestige. For example, many people subconsciously feels that a business that has a very professional website is a better business than one that does not.

This is much like the idea that a doctor that has better bedside manner is a better doctor than one who does not. This may or may not be true, but that’s what our hearts feel when we speak with the doctor with the great bedside manner. We feel and say to ourselves, This is a great doctor.

The same psychological pattern holds true for a business with a great website versus one that only has its name in the yellow pages directory. It’s human nature. Your website design, image, and content play an important part in drawing clients and customers.

A well designed website can help identify and focus the image you want to have in your area of business.

Who are the target customers you are looking for? Are you the exclusive designer of the clothing industry, i.e., an exclusive boutique wanting wealthy patrons? Or are you the discount house wanting customers who wants to save a dollar by purchasing floor items?

Your website should make it easy for your target audience to identify you as a business they are interested in dealing with. It should improve your reputation and image in its respected area. It is an extension of you and your business. One of the most important website functions is to connect with the website visitor, provide the website visitor with the information they want to see and find interesting, and provide this information with a clear and easy navigation of the website. Your website may also be a vehicle to connect those interested in the subject matter of your business or organization as a group. Blogs and/or forums are great for allowing your group of visitors communicate with each other and you. Ultimately, communication with your website visitors will result in turning the visitors into customers. As trust is developed, and they get to know you and your business, they will be more willing to do business with you.

Many websites are used as a method to market products. The online shopper is a large pool of potential customers. A company website is often a primary tool used to sell products online to that large pool. They do so with the use of photos, descriptions, sale prices, and shopping carts. Again, a well designed website accomplishes these tasks. Clear navigation and ease of use are important in preventing customers from getting frustrated when they cannot complete a purchase due to confusion caused by your website. So be sure that your website is well designed!

Websites are also used to draw people into the store to see the product for themselves. Again, an attractive professional website accomplishes this task. Whether you decide to have a shopping cart on your website, or focus to draw the customers into your local store, a website helps to sell.

In conclusion, the reasons for having a well designed website developed for your business or organization are persuasive. Ultimately, it improves your business and your business image, spreads knowledge of your business, and increases the involvement of the public with your business with the bottom line being that your organization grows. And that is what we all want, isn’t it?