Comments on: 7 Ways to Improve the Success of Your New Business http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/ Making more money...Saving more money Thu, 17 May 2012 06:42:29 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Kevin M http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-104489 Kevin M Tue, 06 Sep 2011 18:22:21 +0000 http://outofyourrut.com/blog/?p=775#comment-104489 Thanks Wayne. I think some people believe that being self employed is almost magic, as if you'll get business coming to your door just by hanging a shingle. If only that were true! There are even solicitations for entrepreneurial ventures that will say "No Selling!"--who are they kidding??? One factor though that can work in your favor even if you aren't a sales person by nature...if it's your business, you'll probably find it much easier to sell. Maybe this is just a personal opinion, but I think most people can sell when it's the right product, and if it's you or your products you probably can sell it. But you have to bring a willingness to sell to the table in order for that to happen. Thanks Wayne. I think some people believe that being self employed is almost magic, as if you’ll get business coming to your door just by hanging a shingle. If only that were true! There are even solicitations for entrepreneurial ventures that will say “No Selling!”–who are they kidding???

One factor though that can work in your favor even if you aren’t a sales person by nature…if it’s your business, you’ll probably find it much easier to sell. Maybe this is just a personal opinion, but I think most people can sell when it’s the right product, and if it’s you or your products you probably can sell it. But you have to bring a willingness to sell to the table in order for that to happen.

]]> By: Wayne Jordan http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-104448 Wayne Jordan Tue, 06 Sep 2011 14:38:58 +0000 http://outofyourrut.com/blog/?p=775#comment-104448 All your tips are good, but number 3 (Get Ready to Sell) is a standout. I've seen hardworking people with great ideas and a sound business plan fall flat on their faces because they were afraid of selling. All your tips are good, but number 3 (Get Ready to Sell) is a standout. I’ve seen hardworking people with great ideas and a sound business plan fall flat on their faces because they were afraid of selling.

]]> By: Axl Midas http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-9756 Axl Midas Thu, 03 Jun 2010 16:20:45 +0000 http://outofyourrut.com/blog/?p=775#comment-9756 Wow some really interesting stuff on this site! Keep up the good work... .-= Axl Midas´s last blog ..<a href="http://axlmidas.com/why-we-dont-set-goals/" rel="nofollow">Why We Don’t Set Goals…</a> =-. Wow some really interesting stuff on this site! Keep up the good work…
.-= Axl Midas´s last blog ..Why We Don’t Set Goals… =-.

]]> By: Michelle http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-8332 Michelle Fri, 30 Apr 2010 03:12:42 +0000 http://outofyourrut.com/blog/?p=775#comment-8332 Great article, I agree with Number 5, 6 as well as with John. A lot of people just think about the starting capital, but they forget that they also need the cash flow for everyday business operations. That's when the problem starts, if you don't have the cash you need to run the daily operations, all efforts will go down the drain. Every business will take years before it will actually earns what you want it to earn. It doesn't just happen overnight. .-= Michelle´s last blog ..<a href="http://merchantadvancefinancing.com/merchant-advance/what-is-merchant-advance" rel="nofollow">Merchant Advances: 10 Things You Didn’t (But Should) Know</a> =-. Great article, I agree with Number 5, 6 as well as with John. A lot of people just think about the starting capital, but they forget that they also need the cash flow for everyday business operations. That’s when the problem starts, if you don’t have the cash you need to run the daily operations, all efforts will go down the drain. Every business will take years before it will actually earns what you want it to earn. It doesn’t just happen overnight.
.-= Michelle´s last blog ..Merchant Advances: 10 Things You Didn’t (But Should) Know =-.

]]> By: Black Coffee: My Favorite Blogs, Money News & Opinions #28 http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-4336 Black Coffee: My Favorite Blogs, Money News & Opinions #28 Thu, 28 Jan 2010 04:11:53 +0000 http://outofyourrut.com/blog/?p=775#comment-4336 [...] [...] [...] [...]

]]> By: Ralph http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-3795 Ralph Sat, 09 Jan 2010 15:01:57 +0000 http://outofyourrut.com/blog/?p=775#comment-3795 Great tips thanks! Having cash flow is important for any startup. Great tips thanks! Having cash flow is important for any startup.

]]> By: John D. Buerger, CFP® http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-3794 John D. Buerger, CFP® Fri, 08 Jan 2010 17:25:54 +0000 http://outofyourrut.com/blog/?p=775#comment-3794 Kevin - another great post. From my experience as a financial planner helping biz owners and entrepreneurs and (before that) as a retail business owner and small business consultant ... there is one other element that really needs to be addressed: Long Range Cash Reserves. Folks always expect their business to flourish from the get-go (or at worst, after only a couple of months), but it almost always takes years (3-5). You touched on it with your "Cash Flow" and "Savings Cushion" points, but the mindset really needs to be longer range. Can you survive for years without taking anything out of your fledgling business? In the early going, every dollar in profit needs to be put back into the business. Otherwise you'll wind up like that 96% of American small businesses that fail. .-= John D. Buerger, CFP® ´s last blog ..<a href="http://www.richandfulfilling.com/index.php?option=com_content&view=article&id=202:control&catid=13:blog&Itemid=69" rel="nofollow">Money Control</a> =-. Kevin – another great post.

From my experience as a financial planner helping biz owners and entrepreneurs and (before that) as a retail business owner and small business consultant … there is one other element that really needs to be addressed: Long Range Cash Reserves.

Folks always expect their business to flourish from the get-go (or at worst, after only a couple of months), but it almost always takes years (3-5). You touched on it with your “Cash Flow” and “Savings Cushion” points, but the mindset really needs to be longer range.

Can you survive for years without taking anything out of your fledgling business? In the early going, every dollar in profit needs to be put back into the business. Otherwise you’ll wind up like that 96% of American small businesses that fail.
.-= John D. Buerger, CFP® ´s last blog ..Money Control =-.

]]> By: Kevin M http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-3784 Kevin M Tue, 05 Jan 2010 14:12:49 +0000 http://outofyourrut.com/blog/?p=775#comment-3784 Paul, in that case doing it as a side business is probably the way to go. That's one of the great things about self-employment, it's a chance to self actualize, which I think we all need to do. But working on it part time until we know the ropes, and can eventually do it full time is definately a way to lower the risk. Paul, in that case doing it as a side business is probably the way to go. That’s one of the great things about self-employment, it’s a chance to self actualize, which I think we all need to do.

But working on it part time until we know the ropes, and can eventually do it full time is definately a way to lower the risk.

]]> By: Lucy http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-3781 Lucy Tue, 05 Jan 2010 07:08:44 +0000 http://outofyourrut.com/blog/?p=775#comment-3781 I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often. Lucy I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

Lucy

]]> By: Paul @ FiscalGeek http://outofyourrut.com/7-ways-to-improve-the-success-of-your-new-business/#comment-3778 Paul @ FiscalGeek Mon, 04 Jan 2010 22:11:30 +0000 http://outofyourrut.com/blog/?p=775#comment-3778 What if the very reason that you are starting a business of your own is to get away from the things you know? That's me for sure. What if the very reason that you are starting a business of your own is to get away from the things you know? That’s me for sure.

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