Determining your worth is important and empowering. All professionals should conduct salary research every year or two, and small business owners are no exception. Knowing what to charge for your time and services is important if you want to stay competitive and satisfied. Nailing down the numbers as an independent business owner, however, requires more steps and consideration than would be required of an in-house employee. Because you are your own boss, it can be difficult to objectively determine how much you should make. Additionally, small business owners have to consider more factors when determining what to charge than HR…
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One of the best ways to generate new business is by tapping into your target market through another business that caters to it. I am not talking about poaching clients from a fellow business, but strengthening your network of small businesses in your market so that together you can offer clients a complete package of services and/or products, which results in a win-win-win for you, your clients, and your fellow business owners. Business to business, or B2B, networking offers all kinds of benefits for entrepreneurs including increased brand exposure, greater professional credibility, and more efficient marketing leading to higher profits.…
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When there is SO much to do that there’s barely enough time to do it in, we have an odd tendency to put off doing anything at all. Procrastination is tempting for many reasons: overwhelm, fear of failure, disorganization, or simply not knowing where to start. As an entrepreneur, it’s best to nip your procrastination habit in the bud before it derails your budding enterprise. Here are a few tools I’ve picked up that can help keep entrepreneurs from procrastinating. 1. Get OrganizedIf your workspace is a mess and pens, papers, and wires don’t have their own designated space, you…
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“Branding”, a term that once meant simply stamping your business logo on everything, has evolved into the process of building a company’s identity and personality. While branding still involves developing a name and symbol or design that sets your business apart from the rest, it is so much more than that. Effective, strategic branding gives you an advantage over competitors and makes it possible for your company to target markets as tight or broad as you like. Because branding is so foundational to success, I thought I would offer a few more tips for creating a strong brand that I’ve…
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Whatever your industry and experience, a small business mentor will increase your confidence, your chance of succeeding, and your knowledge base. It is both empowering and validating to receive insight and encouragement from someone who has “been there” and can relate. Additionally, many mentees feel inspired by their mentors’ successes and can learn a great deal from their failures, as well. Whether you are starting out in small business or well established, with shaky confidence or a strong professional identity, a small business mentor can help move you to the next level. When you have found someone you might like…
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You’ve worked so, so hard to get clients—now it’s time to do everything in your power to keep them! Keeping clients is much less expensive than getting new ones, and client loyalty strengthens business. In addition, word of mouth, testimonials, and referrals are still some of the best methods to attract new clients who want your products or services. What this all adds up to is that it’s important, from time to time, to show your existing clients you appreciate them. I hope that you are already providing exceptional, personalized service and have great client relations, but it’s also important…
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Technology has given us so many incredible things, like modern medicine, instant toast, and spaceships, for example. For me and many other entrepreneurs, one of the greatest gifts technology has given society is the virtual office. We now enjoy the ability to instantly access just about any person, piece of information, and resource imaginable—all from the comfort of a home office. In addition to the virtual container of the Internet, cloud-based small business software has made it possible to hold online calls and meetings, erect storefronts in cyberspace, and share schedules, data, and media of all kinds. Here are my…
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Like most women, you have probably heard that you can’t do it all—and you probably try to anyway. It is easy to run ragged trying to juggle your business, social life, family, and household. Remember, though, that you are your company’s most valuable asset! Successfully managing all aspects of your life requires balance and prioritizing self-care. Healthy habits help us to be more effective in both business and life. When we are healthy and balanced, we can “do more”—and in less time (which is always the goal). Here are 5 healthy habits for women in business. 1. Healthy Diet and…
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More and more small businesses these days are home-based or physically scaled down, operating out of a small office with minimal equipment. Additionally, more businesses start with modest budgets and aim to cut overhead costs in order to develop into successful startups more quickly. Because small businesses still need a team to operate, the cost-effective, simple solution is to partner with a virtual team of workers instead of staffing an office with salaried employees, which requires a bigger office rental, bulkier payroll, and an HR department—to name a few things. Even though virtual support teams are non-traditional (though they are…
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Small businesses need to utilize these digital marketing tips—period! In the days before the internet, companies spent huge sums on visual campaigns. Nowadays, this type of marketing is not only old-fashioned and expensive but becoming irrelevant, too. The majority of consumers read, shop, and communicate on their devices. The average adult’s attention span is around 6-8 seconds, so you have to grab their attention quickly. Today’s small business owners can benefit from a wide, growing variety of platforms to market their businesses. You now have the ability to learn so much more about your target audience and market specifically to…
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