Maintain your old Siemens Hipath system

The Failures Guide to Small Business Success

How many "get rich schemes" have you joined? Or have you invested in numerous legitimate business endeavors only to have them not work for you? Have you started you business and now facing a complete shut down? Do you consider yourself a failure? Are your loved ones pressing you to give up?

Risk-taking is a large part of entrepreneurship, in fact it is what drives it, and it's why so many people avoid small business, despite its many potential rewards. Those of us who have tried it only to have failed may find ourselves right back where we started, which could leave us feeling like total failures. Of course, this is no place to be.

If things have gotten rough, to the point you may have to close up shop or you're seriously thinking about it, then it is no accident that you've found this article.

Every small business owner will face difficulties from time to time. According to http://sba.gov most small businesses can take up to two years before becoming profitable. But even so, knowing that won't pay your bills. So how can you turn things around? Below are some special tips that will help you through the tough times:

Volunteer:You might be wondering how could volunteering help my struggling business? But it is a great way to expand your networking circle while business is slow. Find organizations that could use your help. Contribute your best work. This is especially helpful for service businesses. Your non-profit contributions lend credibility to your business that money can't buy. Your non-profit work can provide you with valuable references, add to your portfolio, help you gain additional experience, help you with networking, receive free press, and many other benefits. Not to mention the great feeling you get from knowing you've contributed to a good cause.

Moonlight: One great way to keep money flowing is to take a part-time or temporary job until you can fully support yourself with your business. Your various skills are quite useful to other businesses; many of which would love to have a self-starter a part of their team. In some cases, you may be able to work for your previous or current employer on a part-time or temporary basis. You can spend the time you need for your business working on existing projects, volunteering and the like while making sure you have money for bills and other essentials.

Subcontract:Your business may not be doing what you'd like but there are many other businesses that are doing quite well. So well in fact, that they need outside help to keep going. You can offer your services to these businesses by checking out your local yellow pages, classified ads, or even a web site like http://elance.com, which allows you to bid on projects and services posted by other companies and individuals.

Lower Overhead Costs:Evaluate your accounts payables and try to determine ways you can lower costs. Can you reduce how much you spend on long distance? Can you find a cheaper host? Can you share office space so you get afford your lease payment?

Customer Loyalty Promotions:Offer incentives to your existing clients. Provide offers that you know they could use and are at reduced prices. Special pricing for existing clients fosters loyalty and is often your best source for new funds and generating new clients through referrals.

Pay Special Attention to Accounts Receivables:Always stay on top of who owes you money. You should develop a step-by-step system to approach clients or vendors that need to send you any funds. In many cases, a simple oversight is the reason you haven't received what's due to you from your business associates so keep reminding them!

Stay Active in Marketing:Despite the fact you may have no current clients right now don't discontinue your marketing efforts. Keep networking, submitting press releases, and following your marketing plan.

Save for Rainy Days:If you follow these tips, you're bound to get new customers or clients. Avoid getting too excited. Put some of your profits away to ensure you have some to last you through any dry spells you may encounter in the future.

Don't Give Up:Failure is not an option. Keep reminding yourself of this little phrase each time you feel the temptation to succumb to negative thinking. Negative thinking is more powerful then you think. But the best part is that positive thinking is just as powerful if not more. Remember, if you believe you will fail, you will.

Follow these tips and you're sure to see your business turn-around. There is tons of free help available on the Internet and there are many people who have been where you have been. Don't be afraid to ask for help.

Copyright © 2005 Rhonda Winn - All Rights Reserved. Rhonda Winn has been helping small business owners since 2000. She is the author of the popular eBook, "How to Live Your Dreams and Achieve Unlimited Wealth in Small Business" Receive the first chapter free, when you join her bi-monthly newsletter today: SmallBizStartupKit.com. Her site contains dozens of free downloads, articles, forums, resources, journals, and more.

You are free to publish this article as long as the content remains unchanged and copyright notice and byline is not removed from article.

In The News:

Starving Venezuelan children forced to feed off rubbish dumps
Sun, 24 Mar 2019 14:23:00 +0000
The swarm of flies gives the game away.

Passengers relive 'scary' ordeal after tornado-like winds hit cruise ship
Sat, 23 Mar 2019 14:36:00 +0000
A cruise ship which was evacuated after getting into difficulties in stormy weather has reached port under its own steam.

Pro-military party edging ahead in Thai election
Sun, 24 Mar 2019 01:04:00 +0000
Thailand's pro-military party is edging ahead in the first general election since a coup in 2014.

Second survivor of Parkland shooting 'takes own life'
Sun, 24 Mar 2019 16:51:00 +0000
A second survivor of the Parkland school shooting has taken their own life, according to a local report.

Four missing after being buried by avalanche in Swiss Alps
Sun, 24 Mar 2019 12:26:00 +0000
Four people are missing after being buried in an avalanche near Bovernier in the Swiss Alps.



tikatoshop.it

Erfahrungen mit Pallhuber Wein
Agen Bola SBOBET Terpercaya

Travel in comfort and at your leisure with CT Airlink Limousine & Car Service for top quality private transportation and exceptional customer service. We operate Sedans, SUVs & Vans for CT Car Services to covering all Connecticut airports including Car Service from CT to Newark Airport , Mohegan Casino Uncasville CT, Foxwoods Casino Mashantucket CT, Manhattan Cruise Terminal NYC, Brooklyn Cruise Terminal NYC and Bayonne Cruise Terminal NJ. CT Airlink hire licensed and friendly chauffeurs who have in-depth knowledge of the Areas.

Home Based Franchise; What About Future Expansion?

As a franchisor I am always asked by new and... Read More

How to Promote Yourself to Small Business Riches

You've heard it before; we're living in an information age.... Read More

Pressure Washing Business and Post Fire Cleanups

Many have not experienced a fire up close. One year... Read More

Business Checks are an Added Cost to Your Small Business - Try Making Them Yourself!

Starting and managing a small business is no fun chore,... Read More

A Business Plan Is Not Worth A Cracker To A Struggling Business - A Plans The Last Thing It Needs

Before you start a business we encourage you to prepare... Read More

Image of Your Franchise Automotive Outlet is So Important

Image of your franchise automotive outlet is so important. Some... Read More

How to Give Informative Talks

Why should you do informative talks to smaller groups?Informative talks... Read More

Expanding A Mobile Car Wash Business

What is the best time to expand a mobile car... Read More

Quality Controls for Franchising Companies Sample Outline

Quality control in franchising companies is paramount and all franchising... Read More

Six Sigma for Small Business

It is not surprising that some people may perceive Six... Read More

Pressure Washing Companies; Pricing Dock and Deck Cleaning

If you own a Pressure Washing Company and wish to... Read More

The Truth About Government Grants for Your Business

Free money! Receive up to $25,000 that never has to... Read More

How To Accept Credit Cards

If you plan to do business online, then your website... Read More

Top 10 Lessons for Small Business Success - As learned From My Twin 3 Year Olds

Small business success is very similar to learning to walk,... Read More

How to Find Success in the Import Export Business

Take advantage of world politics today and start your own... Read More

Cleaning Service Stations with a Pressure Washer

Fuel prices these days are quite high and they take... Read More

Arranging Your Fundraiser

When deciding to host a fundraiser for your company or... Read More

Overcoming Your Biggest Competitor

Before you read any further in this article, I'd like... Read More

Specialty Advertising in C-Stores

It appears the mini-blimp indoor theme and concept is making... Read More

Doing Business With Friends: Five Tips for Preserving the Friendship... and Your Sanity!

My colleague, Jane, recently lamented to me an all too... Read More

Reaping the Rewards of Cost Cutting

In these days of insecurity and uncertain futures, the tendency... Read More

Where to Find a Cash Windfall of $10,000 to $1,000,000 -- You Never Knew You Had

There is a rather famous true story called "Acres of... Read More

Looking into the Future for Profits

How to identify future solutions and opportunities?Your power page, if... Read More

Hard Money Lenders -- No Money Down The Easy Way

Would it help you as a real estate investor to... Read More

How to Raise Your Fees and Thrill Your Customers

Think the best way to get more customers is to... Read More