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Tips for running business

Active Member

1. Know what you want to achieve. Having definite objectives will help you to work towards your goals. Break them down into smaller goals that you can achieve as you work towards your ultimate goals. It is much better than having everything going round in your head and being unsure whether you are actually achieving anything.

2. If you haven't already you need to research your market. Keep abreast of what your competitors are doing. Many times I talk to people who are in business and yet have no idea even of who their competitors are.

Also find out about your customers. Who are they? What and why they purchase from you? This will help you to get more of the right type of customers.

3. Review and Improve. This is critical. On a regular basis you need to continuously review and monitor your progress and where you are. Monitoring the progress means that if something isn't working you can modify it immediately. This will help you to take your business to the next level.

4. Discard the myth that you can do it all yourself - you will pay a high price if you do.

Get help from experts - use their knowledge to help you grow your business. Recruit a PR person,
a bookkeeper, an admin person etc. Check out the expert advice and list of recommended experts
contained in the Business Essentials section of the Mums in Business website.

Ensure you have the support network – family, friends and of course Mums in Business.

5. Balance your time. Plan your family and business time. Make a clear distinction between the two and avoid working in family time.

6. Get yourself a'buddy'. Surrounding yourself with other like-minded people is a must and so is getting yourself a'buddy'. This has been one of the best things I did. My'buddy' is now my dear friend, Sharon Wood from Natural Baby Expo. I know Sharon will agree with me that having each other to talk to on a regular basis (well everyday), bounce ideas off and also get a'kick' when needed has helped us both to take our businesses to the next level.

7. Take time out for yourself. We often get lost in our businesses, especially when it is new so try and take time out for yourself on a regular basis. Treat yourself to lunch with friends, get your hair/nails done, play golf, go shopping etc.

8. Believe in yourself. Every one of us has the ability to achieve our goals and dreams. So believe in yourself, believe that you can do it and with help and support from your friends and family this is possible.

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Topic starter Posted : 27/10/2009 5:55 am
Active Member

Re: Tips for running business

Hello to all

Starting a business is often an extremely rewarding experience, although it's not always a profitable one — and therein lies the risk.

1 – When you’re first starting out, focus on creating a guaranteed stream of income for at least the first few months.
2 – Maintaining focus on a business whilst you’re surrounded by some of the most exotic scenery you’ve ever seen in your life can be hard; it’s easy to get distracted, lose focus on your business and fall into a false sense of security. You just have to remind yourself that if you don’t keep the income flowing in, you’ll have to go home and get a job…there’s no better motivation than that!
3 – The most valuable skill you can learn is marketing and how to attract clients. Once you’ve learned these skills, it doesn’t matter what business you run or how many times you change what you do, you’ll know how to attract customers in the first place and get the money coming in.
4 – Always ensure you keep the lines of communication open; if you’re servicing clients and customers from afar, you are going to need to be contactable.
5 – Consider multiple streams of income. Useful if one starts to dry up or you decide you want to drop one and start something new, multiple streams of income spread the risk of being left with nothing.
6-If you’ve no prior business experience, marketing skills nor have any idea about how to set up your own website/blog and market yourself online, then it might just take you a bit longer…but once you’ve learned these skills, you’ll have them for life.

Have a nice day


Posted : 31/10/2009 3:33 am
Active Member

Re: Tips for running business

Thanks for this wonderful tips.This is very useful for all of us.


Posted : 31/10/2009 4:13 am
Active Member

Re: Tips for running business

Hello to all

I am very thankful to all for sharing valuable information with all. Please keep sharing more and more .

Have a nice day

Satellite Systems Installers

Posted : 11/11/2009 3:25 am
Active Member

Re: Tips for running business

His new book, "Lucky or Smart?," offers both a roadmap for starting a new business and proven methods for bringing creativity and passion into an existing enterprise. Peabody's tips from "Lucky or Smart?" will help point you in the right direction:

"Train yourself not to shut down when you hear the word 'no.' That is in fact just the time to really start fighting."

"In every meeting, in every situation, you must always, always, always be gracious. The business world is a small place: what goes around comes around."
Day after big rally, stocks end trading mixed Caution returned to the stock market Tuesday as investors decided to slow an advance that has lifted the Dow Jones industrial average 475 points in five days.

"Learn to keep your ego in check. That's how you'll be able to distinguish the crucial difference between being lucky and being smart. Your ego is both the most dangerous and the most useful weapon

Investment Risk

Posted : 11/11/2009 5:27 am
Active Member

Re: Tips for running business

That's a Great tips Which You all Members Have Shared With us thanks For Sharing,all Of These Tips All are Very Informative.

Keep Sharing,
Thanks & Regards,

Post Boxes

Posted : 13/11/2009 10:32 am
Eminent Member

Re: Tips for running business


Awesome Tips. Thanks for sharing these tips. These tips are really very useful...... I appreciate your post. you really doing great job.

Have a nice time ahead.

Internal Doors

Posted : 14/11/2009 11:41 am
Active Member

Re: Tips for running business

Hello everyone

Thank you all for sharing such informative information. These tips are really useful to all.

Thanks for sharing

Cafe Furniture

Posted : 17/11/2009 3:32 am
Active Member

Re: Tips for running business

1) Do what you love.
You're going to devote a lot of time and energy to starting a business and building it into a successful enterprise, so it's really important that you truly deeply enjoy what you do, whether it be running fishing charters, creating pottery or providing financial advice.

2) Start your business while you're still employed.
How long can most people live without money? Not long. And it may be a long time before your new business actually makes any profits. Being employed while you're starting a business means money in your pocket while you're going through the starting a business process.

3) Don't do it alone.
You need a support system while you're starting a business (and afterwards). A family member or friend that you can bounce ideas off and who will listen sympathetically to the latest business start up crisis is invaluable. Even better, find a mentor or, if you qualify, apply for a business start up program such as The Self-Employment Program. When you're starting a business experienced guidance is the best support sytem of all.

4) Get clients or customers first.
Don't wait until you've offically started your business to line these up, because your business can't survive without them. Do the networking. Make the contacts. Sell or even give away your products or services. You can't start marketing too soon. (See Attracting New Business on a Shoestring Budget and Just Do These Two Things to Get More Clients for tips.)

5) Write a business plan.
The main reason for doing a business plan first when you're thinking of starting a business is that it can help you avoid sinking your time and money into starting a business that will not succeed. (See Why You Need A Business Plan for other good reasons.)

Remember, you don't have to work through a full scale business plan for each new business idea you come up with; my Quick-Start Business Plan, for instance, will let you test the potential of your business idea much more quickly.

6) Do the research.
You'll do a lot of research writing a business plan, but that's just a start. When you're starting a business, you need to become an expert on your industry, products and services, if you're not already. Joining related industry or professional associations before you start your business is a great idea.

7) Get professional help.
On the other hand, just because you're starting a business, doesn't mean you have to be an expert on everything. If you're not an accountant or bookkeeper, hire one (or both).(These Tips for Finding a Good Accountant may be useful.) If you need to write up a contract, and you're not a lawyer, hire one. You will waste more time and possibly money in the long run trying to do things yourself that you are not qualifed to do.

8) Get the money lined up.
Save up if you have to. Approach potential investors and lenders. Figure our your financial fall-back plan. Don't expect to start a business and then walk into a bank and get money. Traditional lenders don't like new ideas and don't like businesses without proven track records.

9) Be professional from the get-go.
Everything about you and the way you do business needs to let people know that you are a professional running a serious business. That means getting all the accoutrements such as professional business cards, a business phone and a business email address, and treating people in a professional, courteous manner.

10) Get the legal and tax issues right the first time.
It's much more difficult and expensive to unsnarl a mess afterwards. Does your business need to be registered? Will you have to charge GST or PST? Will you have to have Workers' Compensation Insurance or deal with payroll taxes? How will the form of business you choose affect your income tax situation? Learn what your legal and tax responsibilities are before you start your business and operate accordingly.

Lyle And Scott Jumpers

Posted : 18/11/2009 4:10 am
Active Member

Re: Tips for running business

Hi Jessica,

Thanks for sharing such cool tips.
I think you must be having so much to share as you are very experienced.
I hope you share more of your knowledge and experiences with us here.
I am looking forward to read all your posts.

Frank Slade


Posted : 01/12/2009 8:12 am
Eminent Member

Re: Tips for running business

I have recently started my own business so these tips are really helpful for me in long run

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Posted : 04/12/2009 6:38 pm