Tag archive for ‘Business Tips’

3 Rookie Mistakes People Commit When Running a Business

by Admin - on Aug 8th 2018 - Comments Off on 3 Rookie Mistakes People Commit When Running a Business

a business meetingRunning a business, especially when you’re young, can be a challenge. There are so many hurdles that you have to overcome that it causes most people to quit a few months after starting their own business.

That’s why it’s essential to prepare yourself if you’re interested in starting an embroidery franchise of your own. To help ensure your success, we’ve listed a few of the most common mistakes people make when starting a franchise business.

1. Failure to plan the costs

One of the first things that you need to remember is to allocate enough budget to start your franchise business. Note that the embroidery business is cheaper compared with others. You still need to have enough budget to push through with your plans.

You could spend less than $12,000 for a good, commercial quality embroidery machine together with compatible software and supplies as well.

2. Rushing into things

Another reason why most franchise businesses crash and burn in their first year is their failure to plan things. Business owners who make abrupt decisions without taking the time to learn about the business can be problematic in the future.

So before you buy an embroidery machine, ensure that you take the time to learn about the machine and how it works. You could even consider asking your vendors for any advice or watch videos to learn how to operate the machine.

3. Poor time management

One of the biggest challenges for everyone who switched from a corporate setting to entrepreneurship is time management. Although your day can be quite flexible, you still have to learn how to schedule out your day to ensure that you’ll be able to run your business successfully.

These are just a few of the most common mistakes that you may want to avoid when starting up your own franchise business. You may want to check a few people that you know who are successfully running a franchise business to get more tips on how to ensure your success.

You might also want to take time in learning a few marketing strategies or even work with a marketing company to be able to reach out to your target market.

Create an Audiovisual Calling Card

by Admin - on Jul 27th 2018 - Comments Off on Create an Audiovisual Calling Card

making company videoYour business has an opportunity to penetrate the UK’s growing internet usage market by creating an online corporate video. If you are based in London or Manchester, corporate video production companies like The Mob Film offer services that produce corporate videos. A strong online presence will help propel your digital marketing strategy to greater heights.

A corporate video for your business will serve as your audiovisual calling card. Utilising this medium will propel awareness for your product and service, and generate revenue. Here’s why any business needs a corporate video online:

The UK is Online

We are Social, a global social media agency, conducted a study on the state of digital in 2018. Ninety-five per cent of the population in the United Kingdom are internet users. Almost half of this number watch videos on their mobile phones, with YouTube being the UK’s top social network of choice.

We will be seeing more people becoming consumers of online video in the near future. We are Social’s study also states that active internet users increased by 3 million, compared to 2017. With that, we can predict that businesses will have greater opportunities to market their products and services through online video.

Say More with Less

The highly versatile nature of online video makes it playable and available for use on any online platform and online device. You can put forth more messages in less time — and with greater impact.

Consistency is key in every form of promotional material from your business. Through online video, you have an opportunity to tell your brand’s story and invite more people to avail of your product and service.

Create Lasting Impact

Telling a compelling story through online video may increase brand awareness, especially if the video is shareable across your audience’s network. This, in turn, will help generate more revenue for you.

Your business has an opportunity to penetrate the UK’s growing internet usage market by creating an online corporate video. If you are based in London or Manchester, corporate video production companies like The Mob Film offer services that produce corporate videos. A strong online presence will help propel your digital marketing strategy to greater heights.

Talking Business: Help Your Business Recover in 3 Ways

by Admin - on May 26th 2018 - Comments Off on Talking Business: Help Your Business Recover in 3 Ways

business team having a meetingLike people, businesses also have their fair share of ups and downs. But if your business has been down for a long time, it might be time you consider making some changes. Below are some suggestions for helping your company recover.

Find a new location

The problem could be your business isn’t in the right location. Before you hire relocation services from companies like colonialvanlines.com, though, do your research to find the best possible new site. Consider all factors, including target market, foot traffic, and rental costs. If you have a pizzeria, for example, you can get a place near a university, so you’ll have foot traffic from students—your target market. Make sure the cost of rent is reasonable in relation to profits.

Update your marketing strategy

Another problem could be your marketing strategy doesn’t cut it anymore. Your business sign and posters and the flyers and leaflets you hand out to passersby may no longer be enough to promote your business. You should take advantage of social media then, especially if millennials make up your target market. Changing your logo can also attract attention to your brand. Special promotions like giving discounts or freebies are a great marketing tool as well.

Improve your products and services

A bigger problem could be the products and services themselves. If customers aren’t satisfied with what they paid for, they won’t support a business. Take the time to evaluate your products and services. Perhaps your milkshake is too sweet or your diners often wait for half an hour to be served. You can also ask for feedback from your customers by talking to them yourself or having suggestion boxes. The bottom line is you should know how to improve your products and services.

Help your business recover before it’s too late. Making some changes in your business might be all you need to get it back on track.

Friendly Advice For Startups: Reasons Why You Need a Finance Talent

by Admin - on Dec 15th 2017 - Comments Off on Friendly Advice For Startups: Reasons Why You Need a Finance Talent

paper bills and coins on top of a spreadsheetA typical start-up story begins with an entrepreneur coming up with an idea or product that they think will be beneficial for the consumers. They will spend months or years manufacturing the prototype, likely in their own garage or a small facility. To market their product or service, the entrepreneur will need to look for an investor who believes in the business idea and the goal.

Because starting a business requires you to make big financial decisions, it is wise to consider hiring a professional to help you. It could be an accountant, a clearing clerk, or an accounting head.

Working with a financial services recruitment agency is a good strategy. Read on to find out why.

They will draft the business plan for you, along with the budget proposal

business plan involves determining the possible revenue that you expect to receive in your first year. You will also have to decide on the amount you should devote to marketing. With the help of a financial expert, you do not have to worry about these considerations. They will help you handle the budget and determine the amount you will spend in areas that will help the business grow.

You will have a partner in managing your finances and running your business

Finance experts will not ruin the primary vision of the entrepreneur. They will have no intention of altering how they run the business. On the other hand, traditional investors may use their own skills and probably believe in their own knowledge regarding the market without giving the entrepreneur the freedom to decide or provide input.

You receive the advantage of their network

Finance talents have the expertise, as well as the vast connection that you will need no matter what industry you belong to. They have the contacts and reliability to convince their network to help raise cash for your business. In the end, networking does wonder to a start-up and this would not be possible without the assistance of a financial expert.

Entrepreneurs who are great at building new products can be successful if they get the help they need in creating business plans. If you have a business idea that you want to pursue, start looking for the right financial talent today.