| |
| |
|
Small Business Information |
|
|
|
Three Ways to Add Leverage to Your Small Business
Remember those drawings from science class of how a lever works? The lever was a long bar that rested atop a triangularly shaped fulcrum. One end of the lever was underneath the object to be raised. The other end of the lever was where downward force was applied to raise the object at the other end. The keys to whether or not the lever could raise the object were: 1) the distance of the fulcrum from the object to be raised, 2) the length of the lever, and 3) the force applied to the fulcrum. In short, the longer the lever and the more force applied, the easier and faster you can move the object. When mapping this diagram to the business of an independent professional, we find:
Here are 3 of the many ways in which you can employ leverage in your business:
The ultimate purpose of applying leverage in your business is to achieve your desired objectives with more speed and less effort. Where are you missing opportunities to apply the power of leverage in your business? Copyright 2004, Rose Hill, Inc ____________________________________________ Rose Hill, Founder and Owner,of Biz Whiz Expert (http://www.SoloBizVille.com) and Team Member of Solo-E.Com (http://www.Solo-E.Com) has been self-employed since 1990. Knowing how to run corporate departments and how to market corporate entities, products, and services did nothing to prepare her for successfully running and marketing a one-person business. That is why Rose created the SoloBizVille and SoloBizU community - to specifically to help solo entrepreneurs jumpstart their business success without all the trial-and-error learning. ____________________________________________ *********** Find more articles like this at http://www.Solo-E.com - Keeping Solo Entrepreneurs Juiced in Business and in Life. Our team of Solo Entrepreneurs are comprised of small business experts who support others in finding business success with the flexibility and freedom to have a life, too. Network with other freelancers, self-employed and Solo Entrepreneurs in our forums, enjoy our articles and newsletter, and find other online training opportunities. *****
MORE RESOURCES:
Small-Business - Google News |
|
|
|
RELATED ARTICLES
How to Start Home Based Travel Businesses Home based travel businesses are no longer the wave of the future. Home travel businesses are the hot trend right now. What Happened to the Money and Freedom? Ask anyone trapped in a cubical about their entrepreneurial dream and they will tell you, "I want to own my own business. I'll make more and have more time. Age Old Marketing Technique Improves Business Plan Executive Summaries Every business plan book tells you how the Executive Summary is your opportunity to provide a brief overview of your business plan; capture your readers' attention and imagination; and, summarize the plan's highlights and key selling points.So, why am I telling you these 3 things when you probably already know them?Because it's useless advice unless you employ one, not so obvious, age old marketing technique to make these points come alive. Computer Related Habits From Small Business Owner - Be Prepared, Avoid Despair Aside from the fear of losing a spreadsheet or research project prepared for a client, what prompted me to write this article was the realization that it takes nothing short of persistent follow up to stay ahead of computer threats which could ruin my business. I also accepted the fact that keeping my computer free of viruses and spam is paramount to ensuring my computer is not going to harm others. Going Public: Now that You Have Successfully Made the Transition, What Do You Do? Ok, you have successfully accomplished your dream of being the CEO of a public company. The stock of your company has a symbol and you are continually going to the computer to check the price, you tell all your relatives and friends and you even tried to encourage them to buy the stock. Build Your Small Business by Building Relationships -- The One Pager Shortcut Series --People do business with people that they know and trust. As a solo entrepreneur, your goals will be to make yourself known to your target market and then elevate the relationship to the trust level. Franchising Companies Relationship Strategies Franchising Corporations need to maintain an iron fist when it comes to certain things in order to maintain absolute integrity of the system; Consistency, Quality, Cleanliness and Customer Courtesy or Service. Ray Kroc in his book; "Grinding it Out" made that point perfectly clear, some called him a hard ass on the details and indeed it served him well and turned 11,000 franchisees into millionaires along with some 1500 executives early on. The Advisory Board: A Business Owners Most Valuable Resource As a company grows, the owner's role begins to change. More and more of the owner's time is spent "in the shop or in the field" handling day-to-day operations rather than focusing on high-level planning and strategic issues. The SBAs Savviest Program Forget everything you've ever heard about the U.S. The Hidden Treasure in Your Business I started working with another new client last week. He has been in business for about a year and a half. Perception: What Are Your Patients REALLY Hearing? Never underestimate the power of perception! Perception plays a major part in what is actually said -vs- how it is heard. And to patients. How to Remove Stress from Owning a Business... Forever! I meet and talk to hundreds and hundreds of business owners every year and do you know what I've discovered? Virtually all of them are regularly suffering from stress.It dawned on me while running a seminar one day. Mobile Detailing Expansion Considerations Expanding your business requires you to take a good hard look at your business (checking under the hood). You need to ask yourself. Using Holidays to Put Some Extra Cheer in Your Cash Box No matter your age or station in life, we all look forward to holidays. They give us a reason to decorate, celebrate, and most of all, spend. Awning Cleaning Business Case Study: Entrepreneurship 101 It is most fascinating to study how entrepreneurs spot opportunity in the market place. "My name is Lance Winslow and I am a serial entrepreneur, I admit I am addicted and need help. Procrastinate Your Way To A Successful Small Business What will your business look like a year from today?If you're like most small business owners, you have many things to do and not enough time to do them. Can't you just ignore them and procrastinate your way to success?Not likely. SBIR - A Nice Add-on Business If you are a small business and qualify to participate in the SBIR program, it is a natural enhancer to your existing business. If you are small enough you may be able to start a company using SBIR funding, but you will soon come to realize that if your sources of income are not diversified (with SBIR being only one source) you might fall victim to funding cycles and no income. 11 Things Small Business Owners Can Learn From Tiger 1. There Are No "gimmes" - They count two-foot putts on the PGA Tour. Common Mistakes When Planning Your Medical Spa Everything starts with a business plan: If you don't have one. Write it. Why Small Business Must Turn to PR If small business had no important outside audiences, it wouldn't exist.But since they do have external "publics," it's doubly unfortunate when those same small business owners seem unconcerned about the very outside folks whose behaviors can place a choke-hold on their business!And worse, are so casual about public relations, the best way to move those behaviors in their direction.
|
|
|
|
|
