Things to remember starting a small business

If you notice all of the successful businesses started on a certain product or service. It is also one way to test an entrepreneur on field of business.

A-Having a one kind of business

Start-up business that offers one product or service is more practical compare to a start-business that offers a lot of products and services. It is better to start at one product or a specific service to render, because of the following reason:

1. Improvement on your product or service
2. Prevent many problems associate with your business that you manage
3. Having a more to be an expert on the business that you manage
4. Chances to be recognize in the field of business that you specialize with


B-Imitation in business and limitation
Having an originality and own specialization is very important in business. Following the footsteps of those people who are successful in business is an idea to have your own business and the chance to exceed on others.

Being a service-oriented in managing your business is one thing that you need to consider, because every business is also a service. There is no successful business entity if they don't have service to their clients. In business, it is a big help if you learn to smile, having a courtesy, diplomacy, and to have a good relationship with other people, it is also called public relation, pr, or customer relation. Having a pr is one of the easiest to manage in small-business because, it is very simple and easy to do. It is already proven and effective way to give a good service to the consumer or customer service.

C-Ways to give a good customer service

1. Personalized Service. Giving a personal attention to the needs of your customers.
2. Being open to opinions. Being open in exchanging opinion of your customers on how to improve your product or service.
3. Accepting complains from the customers properly. Having a time on handling customer complain is very essential to have a harmonious relationship between customers and the business entity.
4. Investing on your employee on trainings. It is very essential especially for sales to be fluent to individual, whether its a consumer or supplier.

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Important Principles that you need to consider when starting a small-business

Starting a small business. It is better to start a small business eventhough you have a big capital. It is more economical; starting small in business is a practical approach to those individuals who are just starting their path as a entrepreneur.

If you do not have the experience or lack of knowledge in business, the first trial that you are going is also be your ladder in acquiring the proper knowledge that you need. If you are just starting on a business that is big, there is a chance that you are going to encounter big problems along the way which there is a possibility thatyou cannot handle.

Focus or Full-time. It means giving a a lot of time on your business. Some people who are just starting to their business are just giving a small amount of time and focus on their business; in short, part-time. This is considered a fatal mistake which leads to the bankruptcy or closure of the company due to lack of time to manage the business.

It is very common to every business to have a problem which everyone need to face it, give time to resolve the said problem. You need to prioritize your business in order to give you broad knowledge about it. It is a myth, that if you have money, the business is easy. This is a common mistake, eventhough you have the money which you can use to start a business, it does not mean assurance that you are going to be successful.

If you are new to business and you don't have the proper knowledge and experience on this, it is better to fund a small-business, because the reason of having a small-business are:
1. You can manage the business more efficiently and more time to research on it
2. Small chances of being bankcrupt
3. Easily manage
4. Easily work out by a small workforce or employee

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Starting and Managing a Small-Business

The main principle that will guide you when engaging into business, especially when you are just starting, is to have enough knowledge on that specific business that you are going to start. It is small or big? Do you need to outsource, employ people, or you are the one who will implement the policies which is needed to your business.

When starting a small business you will need knowledge on specific field:

1. Establishing a Business Organization
This is the most important decision of every individual who will establish their own business, whether small-business or big-business; it is very obvious they commit mistakes at the start. To avoid mistake when establishing you own business at the start, you need to establish your own business-organization, and register to the appropriate government agencies.

2. Selecting the right Business Organization
This would be the second step on establishing your own business and you are prepare to establish it. Make sure that when selecting a business organization is within the line of your business. You need to research carefully if you will be on your own, to have a business partner, established your own company, or joining a company.

3. Partnership
Partnership is very common on professionals. Business who renders service. Example are partnership of doctors, dentist, lawyers, insurance underwriter, accountants, engineers, architects, financial consultants, and more. In partnership it is important to matched and balanced the capacity and the capital of the two parties.

Things you need to remember when starting a business

They are many things that you need to remember regarding start-up business, but you need to remember and consider the following:

1. The amount of Capital
How much the Capital you are going to spend on starting you own business. If the Capital is big, look for the opportunity on it, and it happened that your Capital is small, their will be also business that will fit on that amount.

2. Years of Experience
This part tackles the level of your experience in business. It doesn't mean that your friend or your acquaintance profits from their business it will also be the same on your planned business. It is better to start a business that you are familiar instead of managing a business that you are not familiar with. You will encounter many problems because you are not familiar or ready to manage that field business. There is a quote "familiarity of the business in addition to capital."

3. Demand
The success of your business will rely if there is a demand on product or service. If there is no need for a product or service, eventhough you will start a business that have enough capital and the capability that you can run the business, chances are that business will fail if there is no demand on your product or service. Consider the area and know if there is a demand for product or service.


Must-Have Software for your Business

Intuit QuickBooks Pro 2011- Small package

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Microsoft Office for Mac Home and Business 2011 - 2 Licenses

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Microsoft Word 2010 - Complete package - 1 PC - DVD - Win - English - 32/64-bit

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Recommended Laptop Computers for your business

HP Pavilion g7-1075dx

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HP Smart Buy 620

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HP Smart Buy ProBook 4530s

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Importance of small-business

Small business like the online marketing or internet business and other business that you can start at home is one of the foundation of the economy of a country. In progressive countries, the strenght of the economy comes from their small-business sector. If a business had a good margin of profit, it gives more business to new-comer and the countries trading is becoming more active.
Many of us is seeking opportunity in business. Everyone has its skills and knowledge in business, but we are anxious on entering in business because the knowledge regarding on this. Maybe you need a guide, financial-assistance, and incentives from the government or the private sector before we engaged in business.

Qualities of a business man

1. Knowledge on the current trends in business
2. New and unique approach in business
3. Must be hardworking
4. Must posses perseverance
5. Has the objective of helping and established new jobs
6. Risk taker
7. Self-Confidence
8. Has a good intention of establishing a business


Important things before staring a business
To ensure that the business fits your lifestyle and you can manage the business, you need to ask and asses yourself carefully and follow the procedures before you establish your business and become a full business person.

Some of the guides regarding self-assesment before you engaged in business are the following:

1. Is your attitude fits to you planned business?
2. Are you careful or detailed in work?
3. Are you those people who seeks opportunity which will help you business?
4. Do you have the capacity to establish the business?
5. Do you have enough capital? Or money?
6. Do you have full dedication of work that is vital to business
7. Do you have the knowledge; enough studies regarding on the business that you will establish
8. Are you creative?
9. Are you patient?
10. Enough self-confidence that is vital to business
11. Are you responsible enough to face big problems that you will encounter on your business
12. Do you posses being to get along with your employees?


Desktop computers for Small-Business

HP Computers:HP Desktop Computers
HP Smart Buy 8200 Elite

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HP Smart Buy 6200 Pro

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HP Smart Buy 500B

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HP Pavilion P6715f

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