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Monthly Archives: September 2011
Business Insurance: Critical to Your Success
Your business, like any other aspect of your life, deserves protection. In fact, the protection of your business is critical to the success of your business. Making sure that it is well protected in any eventuality is also critical. With so many different companies who offer the service out there from which to select, how can you be certain that you’re getting the right kind of business insurance and that you’re working with the right person to supply it?
Choosing the right kind of a company for your needs is imperative. With multiple different types of sales agents out there, the first decision must be yours. Will you use a broker or an agent for a specific company?
Typically, the larger that your company is, the more imperative it will be that you select a broker rather than a single agent for your business needs.
If your company has a very large number of employees, is in a high-risk business that needs extra coverage, if you have a great many company vehicles and employ multiple people to drive those vehicles, then you’re going to want to select a brokerage. This is as opposed to dealing with a single agent who has limited capacity to help you to find lower or better rates. Likewise, if you have do not have the time to go over your business insurance regularly and simply can not change it frequently, then a broker will be in your best interests.
Never select the first company or broker that you speak to when it comes to business insurance. Meet with multiple different brokers or companies and interview each one carefully. You need to be sure that they will meet your needs and that they can offer a good value for a reasonable price.
Typically the broker will be more sensitive to those who are seeking good solid services and want a price that is cost effective for the company. They are also more likely to assist you in monitoring when you may get lower cost services and to let you know that there may be a better deal out there for you.
Check out the companies that you are considering. Take into account any financial history that you may find. Also look for a broker or an agency to be registered and valid so that you know you’re dealing with a competent professional. Seek out any violations of ethics or legalities and find out if the company has been the recipient of any disciplinary actions against it. It’s not in the least uncommon that a larger company will have some complaints pending against, it, but how they answer those complaints will tell you a great deal about the company you are considering. Ethics charges or disciplinary actions will be a good incentive to look for another company to do business with.
Tagged Different Companies, Insurance, Specific Company
Small Business – Cutting Costs
How is the small business owner supposed to cope in today’s tough economy? Entrepreneurs and small business owners talk about this topic frequently. The gist of discussion is that the companies that need assistance are unable to get it, while large companies that are more secure to begin with are able to get the financial and practical assistance easily.
The number of firms with and without employees is a telling measure. In 2006, according to the Office of Advocacy, there were 6 million firms with employees on payroll. By 2007, the number of firms without employees had climbed to more than 21 million.
How, then, is there not a solution for the small business owner? When small businesses make up the majority of employers, why is there not a better way to ensure that their businesses survive, and thrive in a changing and difficult economy?
Consider that the average small business has a host of administrative and paperwork tasks that can fill an eight-hour workday easily. A business owner could do nothing but bookkeeping, paperwork, email, correspondence, customer service, data entry and so on, and not have any time left over for expanding the business.
But expanding the business is the critical task of the business owner. Unless the business owner is able to pursue opportunities to grow their client base and increase revenue, the business will not thrive.
The easy answer is ‘hire help.’ But hiring help is very expensive. In addition to salaries, an employer must provide training, equipment, and office space, if they are to hire additional personnel.
Instead, outsourcing work with the use of virtual assistants can be a viable alternative. To save money and maximize value, outsource administrative tasks through a virtual outsourcing firm.
By using a virtual assistant, you can have help with administrative tasks that can be done via telephone or Internet. Most of the tasks that take up so much of a workday can be outsourced virtually in this manner, leaving the business owner needed time to improve the business.
Don’t suffer another day with juggling business chores and struggling to increase revenue. Hire a virtual assistant, and free up your valuable time!
Tagged 6 Million, Office Space, Salaries
Small Business – Ten Traits All Small Business Owners Must Have To Be Successful
Winning in Small Business is as hard as running a race in the Olympics, actually I think harder, but the interesting fact is that the traits to succeed in small business are the same ones athletes use to succeed in any sport. Essentially the ten traits small business owners must have to succeed are the same ones we all must have if we ever think that we will achieve something in our lives.
Trait 1: Know Your Purpose
The first trait all small business owners must have is to know their purpose. First and foremost what is it that you want? What is it that youu want to achieve? Once you know what your purpose is then this will be the force and motive behind you taking this journey.
Trait 2: Have a Desire to Succeed
How many people do you know want to win Lotto? Probably a lot … Did you know that most people who win the lotto actually spend every cent of it in the first 12 months? Why, because they have not got a desire to use this money to succeed. To be truly successful you must have the desire to want it so bad that you will do anything to achieve your objectives
Trait 3: Have Faith That You Can Achieve What You Want
Just like an athlete, you must have faith that you can and will achieve your objective. If you do not have faith that you can achieve success in your business, then you will simply give up when the things get tough and let me assure you as a 10 year veteran in small business, things at some point will get tough and you will skate along the edges of losing everything. You may even fall over the cliff, but you have to have faith to climb up the cliff and continue on your journey.
Trait 4: Have a Clear Plan
Without a plan, you will simply be like a lost animal in the wilderness. Let me ask you this,do you go on holidays without a plan of what you want to do and where you want to go? Absolutely not, because you would simply be lost and would probably see and do nothing. It amazes me though how many small business owners plan their holidays more rigorously than they plan their small business. Remember the old clich