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Posts Tagged ‘small business’

How An Operations Manager Helps Your Small Business Start-Up

Thursday, December 17th, 2009

Are you an early stage or start-up small business entrepreneur who’s so busy you’re running around trying to do ten jobs at once? Are you running out of time everyday and can’t seem to get caught up? Let’s discuss how an operations manager can make all the difference towards the success of your business.

“Operations Manager.”  The title sounds like something that is only suited for a large corporation.  No one really considers that there might be a need to staff for this position as soon as you’ve decided on your business idea, but frankly, it’s an essential part of running your own business.  As the entrepreneur, the feeling is going to be that you need to do everything yourself as the business ramps up and gets underway after funding.  Your fingers need to be in every transaction and every phone call needs to have your initials next to the schedule.  In some ways, this is true.  You should involve yourself with the business as it ramps up so that you are aware of what’s happening and you are taking responsibility for the direction.  You should also begin the act of staffing your business and there’s no better way to do that than the hiring of a competent and qualified operations manager to start handling the small day-to-day decisions for you while you handle the business itself.

The position of Operations Manager is defined as, “[being] concerned with managing the process that converts inputs (in the forms of materials, labor and energy) into outputs (in the form of goods and services).” This position generally translates to having someone whose job it is to make sure the day-to-day menial tasks of the business are run smoothly and make sure that the owner isn’t prone to micromanagement and spreading themselves too thin.  Deeming someone suitable for this role is daunting, but can usually be made slightly easier by following these requirements:

*Experience in the field: You want to have someone working with you who has a strong familiarity with the type of industry you’re embarking on.  This could lead to them having contacts in the field, personal experience with trouble shooting for this particular industry, or maybe just the general confidence from familiarity.

*Don’t work with friends/family:  We all want a familiar hand working next to us when we’re starting out, but once you’ve gotten to the point of staffing, putting someone in the position of operations who has close ties to you is not going to pan out well.  You have to be able to trust that this person is directly under you in terms of management hierarchy and willing to take orders and responsibility for the failures of others.  Having a personal history with that person tends to be counter-productive to that goal.

*How to read resumes:  Someone with previous experience under the title of “operations manager” might not have all of the skills you need for your particular venture.  Look for skills that show experience dealing with vendors, managing workflow and employees, and taking initiative regarding trouble-shooting.

Again, these are just key points to keep in mind for when you’re starting up your business and staffing this position.  People tend to forget that it’s important to have an operations manager of some kind in their company and that the position should be manned by an individual who has the required qualities required for the position.

Angel Investor Partnerships Lead To Business Success

Tuesday, December 15th, 2009

Angel investors are your partners.  Remember those words because they’re going to have to be put on a sign over your desk in case you have trouble.  When entrepreneurs finally make that leap into securing an angel investor, the thought that has escaped them during the entire process is, “Now I have another partner to help with the decisions and the running of the business!”  You didn’t think it would be that simple, did you?

What many entrepreneurs can seem to forget is that people aren’t going to just give you money to go off and start a business on your own.  They’re going to want a say in what’s happening, the decisions that are being made, and most likely even the stationary choice that you made.  Thinking that this wasn’t going to be a logical outcome to hitting up every angel investor in town is a tad bit short-sighted.  Let’s examine why.

You’ve got a great business idea, you’re confident you could get funding once being put before an investor, and you’re ready to present.  These are all the factors in your corner that you thought were important to get the preparation for opening the doors in place, but you forgot what to say when the investors nod, shake your hands, and go, “when do we get started?”  Wait, what’s this “we” nonsense?  The “we” is that these people are sinking a large sum of their money into the prospective success of your venture and, frankly, not realizing that giving them a say while they have however much percentage of a share of the business is going to look a little unprofessional.

The first thing that’s going to have to happen is for you to try to figure out what that percentage will equal in your comfort level for sharing a commanding say in the business.  Are you going to pick fights over things that you thought you were dead set on?  Are you open to input at all for any directions the business should go?  Do you respond to disapproval regarding your own plans?  You have to make sure that these questions don’t make the hairs on your back stand up.  If the thought of having to go head-to-head with some of these potential conflicts doesn’t sit well with you, you might want to rethink the concept of investment.  You’re giving up a say in the business by asking people to put their money where your mouth is and that comes with strings that maybe you’re not ready for.

There is a bright side, though. By allowing these investors to take this percentage you’re getting the potential years of knowledge and experience that they have under their belt and the suggestions and guidance that can come along with that.  Also, besides the money, the angel investors might even have suggestions for organizational solutions, marketing plans, and alternate revenue opportunities.

If you can break yourself into the idea of looking at investors as more than “free money without interest,” and a potential way to advance the business forward, then their suggestions and decisions won’t feel like they’re taking control of your dream.

Awesome New Baby Book iPhone Application From Emmbook

Saturday, December 12th, 2009

Parents love sharing every detail of their baby’s growth and development. Picking up your fancy new 3g internet enabled cell phone allows anyone to quickly snap a picture or shoot a short video of their baby mugging for the camera or doing something super-cute. Within seconds this special moment is disseminated to friends and family across a plethora of media platforms utilizing a variety of delivery services, such as, email, SMS or post the picture or video to their Facebook page or YouTube. It has never been easier to create your own videos, manage photos and share information with friends and family. Technology and Steve Jobs has made it happen, but it’s also become more time consuming and confusing than ever.

In my family anyone under the age of 10 already has a full command of how to quickly work and leverage all of the technological advances to their advantage. What about the grandparents or the parents who didn’t grow up with social networking or upgrading to the coolest cell phone every six months? My 10 year old nephew can easily embarrass me with his knowledge of how all of these different entertainment and communication apparatuses interact along with how to effectively leverage them.

Now there’s a user friendly wonderfully simple solution called Emmbook. Emmbook is a new iPhone and iPod app that will let you capture every single memory related to your baby and save it for posterity. In a certain sense, it is not that inaccurate to call it a mobile baby book.

Using such an app you will be able to set down just everything, from the time your little one was first introduced to relatives to his first steps. The way this is done is very intuitive, as each and every picture of you baby that you take is added to the Photo Book and you can then tap the screen to display the different images that you have added so far.

In addition to that, the app comes with some features such as a diary of feeding and sleeping and a tracker of “thank you” notes for the gifts your baby has received. That is interesting for sure, and it raises the VFM appeal of the whole package considerably.

When all is said and done, this is quite a fitting way to save your baby’s best moments without going overboard. Emmbook can be downloaded from the App Store at a price which is specified on the site. Watch the introductory video below to learn more or visit www.Emmbook.com to check it out.

This start-up is HOT and gaining traction.

Before You Launch Your Start-Up Stop And Think

Wednesday, December 9th, 2009

Prior to starting a business, it is important to take some time and understand the cost of the project, your cost of living, and where you have some wiggle room. Staying in shape (financially) when you start a business is not just important; it might actually the determining factor in the success or failure of your business.

The following tips have been collected from a number of our clients. Their experiences are helpful as you try your hand in being an entrepreneur. Read on, learn from their mistakes, and imitate their success stories.

Do what you love
Ahhh, this is the most important advice that you can get. As you are going to devote a lot of time and energy to starting a business and building it, it is really important that you truly, deeply enjoy what you do. I have a friend who loves drinking. Guess what he got into? Right! Well, he made use of his passion for the lager to build a very successful beer joint for all the beer guzzling people in his town.

Start your business while you are still employed
This is a sound advice for anyone who is contemplating on starting a business. As money is very important, you should ask yourself how long you can survive without money because it might be a long time before you actually realize some profit.

Do not do it alone
Use those color business cards and start networking. You absolutely need a support system if you are starting a business. It is a good idea to have a buddy, preferably someone you trust very well, to partner with. Family members are not recommended though because of issues that might be difficult to resolve on a personal level. However, a close friend, a college buddy, or somebody who enjoys the same passion might be a good partner. Even better – find a mentor; if you qualify, apply for a business start-up program. Experience is the best support system you can ever get.

Do not wait until you have officially started your business to line these up because your business cannot survive with them. Apart from those listed above, start networking with potential clients. Immediately place an online business card printing to get you started. Make the contacts. Sell or even give away samples of your products or services. As a piece of advice, you cannot start marketing too soon!

Entrepreneurs- Modern Day Visionaries

Monday, November 2nd, 2009

If we take the look to carefully at businesses nowadays, we will inevitably realize a clear global tendency: entrepreneurs are taking over the industry. And they are doing it fast!

And there is a perfectly good reason for that, which is easily explained by the revolutionary characteristics of successful entrepreneurs.

They are what I like to call business visionaries instead of the common and partly misleading tag of business owners associated with them.

Industry visionaries, as their name implies, differ from the broad conception of business owners in that they have a clear vision, an exact picture of how a business or online opportunity is going to behave at any given time and under most circumstances. And that is due to the fact that they are willing to learn and take action as they go and also because most of them work on a business that is not in their field of knowledge or expertise. Entrepreneurs are constantly stepping out of their comfort zone and innovating different business models every day.

In the current modern day commercial industry, visionaries excel in taking an ordinary business and making it perform in an extraordinary way. How? Well, take a look at the following points:

1. Entrepreneurs do more with less. They use leverage to achieve success.

2. They have long and short term goals. They live by those objectives and finally create a genuine mission statement.

3. Visionaries aim at developing systems that will work on autopilot. Automation is vital to any modern day business.

4. They are not afraid of looking beyond risks and seeing the big picture. They will compensate for lack of experience on certain fields with innovation and creativity, leveraging existing business opportunities or programs.

Even though most Internet marketers will consider themselves entrepreneurs, in essence, many work against the very same principles that define visionaries. Just like with everything else in life, there are things that will get people closer to becoming real entrepreneurs and things that will not.

- You should always work towards doubt avoidance.

Take action and make decisions. Be a leader! What worked for somebody might not work for you, but you will never know until you try it.

- Incite curiosity and learn as you go.

If you are in affiliate marketing, then innovate! You are part of an existing system with hundreds of people in it. Make unique videos with interesting animations, offer free gifts of real value and finally make your offers more attractive than what your clients or prospects expect.

- Work positively for a bigger and better industry instead of fighting over a small market.

We finally want to become business visionaries and not only self proclaimed business gurus. Share knowledge and show the advantages of your business instead of pointing out bad things regarding other programs. Help your colleagues without hesitation and you will achieve success online.

Even after stating all of the above, modern day Internet marketers will still embrace misleading concepts regarding their own business, mainly because of fear of taking risks and standing out from the rest. That is very unfortunate since true entrepreneurs are unique in their niche and should ultimately possess an educated global judgment. Visionaries can tell the difference between improving a not so effective marketing method, from pointless persistence. As you have probably noticed, in modern day businesses, we should avoid destructive waste of time and effort, and focus entirely on succeeding with techniques that are of second nature to us to finally generate and, most importantly, KEEP as much profit as possible.

These are some examples of steps that entrepreneurs should take as soon as they get their business going:

1. Billionaire bloggers – visit these blogs to get a glimpse of their mindset, and get inspired. Visit billionaire Mark Cuban’s blog here  www.blogmaverick.com.

2. Selected www.Twitter.com streams – follow a few, high standard and knowledgeable visionaries and follow their blueprint.

3. Read, write and make videos – doing this correctly, will never compromise the quality of your service or deteriorate your business image in any way.

4. Ask questions and get mentoring – ask your mentor or business tutor as many questions as you want and do not be afraid of doing so. Get everything off your chest and start without doubt; otherwise you will literally choke later on.

These are a few steps that will provide a correct learning curve to becoming real business visionaries. There are many more, but these will definitely start you off in the right direction.

Entrepreneurs should know that wanting something to happen is not enough, it will not magically come to life without the proper hard work and dedication. To become part of the exclusive visionaries group, marketers have to develop their skills consistently every day. Statistics say that people who do this show a much higher rate of success (80-90%) than the average business owners we see every day.

So, true entrepreneurs and visionaries aspire to great things, they transform themselves and are always willing to learn and are never afraid of taking the necessary steps towards innovation. Again, read, get informed, make videos, use the amazing power offered by web 2.0 and only then take real action. But do it today! The world is in need of more and more visionaries every single day and it is entirely up to us to either embrace the idea or simply look the other way. If I can do it, so can you.

To your success.