Business Do’s and Don’ts: Tips on How to Do Well on Your Business

When you’re starting your own business, it can be exciting and even a little scary. You might have tons of ideas on how to run your business, but there are also things you can do that will hurt your business before it even has a chance to succeed. Here are some common pitfalls to avoid when running a small business:

Avoid cheap fixes and work with the best.

Don’t skimp on quality. As a business owner, you need to stay on top of the latest trends in your industry and make sure that you’re always working with the best. This means that when it comes to things like products or services, you should only work with quality providers who are experts in what they do. Don’t try to cut corners or save money by cutting out an important step–ultimately this will come back to bite you in the end! It’s better to pay for something once than pay for it over and over again because it doesn’t hold up over time (or worse yet, breaks entirely).

Don’t be afraid to ask for help when needed. You can always find someone who knows more than yourself about something – so if there’s something that feels beyond your ability level then go ahead and ask someone else how they would handle such situations! Having more minds working on one problem means more ideas coming together into viable solutions which means less stress overall while also saving time spent trying different methods until one works (which could take days).

Create a business plan.

A business plan is a blueprint for the future of your company. It should include the answers to questions like; What is your mission? How will you get there? Who are your competitors, and how do you differentiate yourself from them? Do you have enough money for supplies and equipment, or do you need financing to stay afloat until sales pick up?

A good business plan can help guide decisions as well as attract investors. If they see that you’ve put thought into what needs to be done in order for the company to succeed, they’ll be more likely to trust that it can happen. However, if they see that all of this information is missing from a business plan (or has yet to be written), this could indicate that it’s not going anywhere fast—and thus not worthy of investment dollars!

Create and follow a budget.

  • Create and follow a budget.
  • Be sure to set up a budget before you start your business, so you can see how much money is coming in and going out. It’s also important to make sure that the money is going where it should go, like paying rent and buying food and things for your business. You can use an Excel spreadsheet or Google Sheets to create your budget, but there are other tools available as well (like Mint). Make sure you know what expenses will be coming up so that they don’t surprise you later on! The real key here is being prepared so that when something comes up unexpectedly (and trust us—it will), then at least there won’t be any surprises about how much money has been spent on something else instead of whatever else needs attention right now.

Don’t let personal expenses overlap.

Personal and business expenses should be kept separate, but it’s not always easy to tell the difference. As a result, many small business owners end up mixing their personal and professional funds. This is not only bad for your finances but can also risk putting your business in jeopardy.

If you don’t already have an accountant on retainer, consider hiring one now to help you sort through the books. An accountant will be able to give you guidance on whether or not certain expenses are valid if they’re filed under either column; however, there are still some general guidelines as far as what types of things might fall into each category: Personal expenses include things like cell phones and cable bills; business-related expenses include office supplies (like pens) used exclusively for work purposes

Don’t become your own adversary.

One of the most important things to avoid is becoming your own worst enemy. Don’t be too hard on yourself, and don’t be unnecessarily critical of yourself. If you are starting a business today, it’s likely that there will be challenges along the way. These challenges can often feel overwhelming at first, but they will pass if you stay focused on your goals and put in the work necessary to achieve them.

So how can you avoid getting overwhelmed by these challenges? It’s simple: don’t become your own adversary! You are not your biggest critic; instead, look for allies who support and encourage you as much as possible so that when things get tough (and they inevitably do), there are people around who can help lift up your spirits and motivate you not just through words but also through example—because let’s face it: nothing beats seeing someone else succeed at something before believing in yourself enough to set out on an entrepreneurial journey yourself!

Get educated about all aspects of your business.

Learning about what you do is important. It’s how you can make sure the company is heading in the right direction and doing everything it can to succeed.

While all businesses are different, there are some things that every business needs to learn about:

  • Your industry and competitors. What makes your industry unique? How do other companies compete with each other? Who are they competing against today, and who will they be competing against tomorrow? This information helps you understand what customers expect from your company and its competitors—and how to deliver on those expectations.
  • Your customers. Who buys from your business (or services)? Why do they buy from you instead of someone else? What would make them happier as customers of yours? This information tells you how much effort should go into building relationships with these people so that they become repeat customers.
  • Your suppliers. Whom does your business rely on for supplies or services that aren’t provided internally? What would happen if one of those suppliers stopped providing their service to you (or raised prices)? By learning this information now, rather than when things go south later on in a crisis situation, it’s easier for everyone involved to work together toward solutions before any damage occurs.

Find good people to help you with things you aren’t good at.

There are some things that you just can’t do. And that’s OK. You’re a human being, not a superhero.

So find good people to help you with the things that aren’t your strengths. Don’t be afraid to ask for help, and don’t be afraid to pay someone else to do something if it makes sense for the business. Getting good at hiring the right people and keeping them around is one of the most important skills any successful entrepreneur can have—and it’s a skill that takes time and practice to develop! So take this advice from someone who knows: don’t be afraid of hiring others into your team; instead, make sure they’re right for their roles before bringing them on board so both sides are happy in the long run!

Have a marketing strategy in place.

Marketing is not a one-time thing. It’s not a one-person job, either. It’s also not a one-time expense or event, and it doesn’t always happen in the blink of an eye. Marketing isn’t even always successful (or unsuccessful!).

Instead, marketing takes time, patience, and dedication to succeed. You need to have a plan in place that has multiple steps so you can keep improving over time as your business grows.

Choose the right location.

Location is a key factor in how successful your business will be. If you’re starting out, it may seem like the perfect location for retail businesses would be downtown, but if customers aren’t able to find you or get there easily, then that’s not going to work. You should choose a location that has access to utilities (electricity and water) as well as transportation options such as public transit and roads so that potential customers can get to your store easily.

Don’t expect perfection; expect good enough to do the job it needs to do while you learn and improve the next time around.

When you’re first starting out, don’t expect perfection. Instead, expect good enough to do the job it needs to do while you learn and improve the next time around.

That’s not to say this isn’t a good time for your business—it most certainly is! However, there are going to be times when things aren’t perfect and that’s okay! You’re going through this process so that you can come out on top in the end.

If your website isn’t up yet or if something goes wrong with it (like an email never gets sent), don’t get stressed out. Take some deep breaths and remember that this is just a learning experience for your business; it’s not going to ruin anything permanently (unless someone finds out).

You can run your own business once you know what pitfalls to avoid.

As a business owner, you’ll have to make decisions on your own and often feel like you are alone in the process. You can run your own business once you know what pitfalls to avoid.

Remember: don’t be afraid to ask for help when it comes to making decisions. You’re not alone! Your friends and family may have some great ideas that could really help out with your business. Don’t be afraid of criticism or asking for advice from others because, in the end, it will only benefit your company and its growth potential down the line.

Conclusion

The bottom line is that running a business can be difficult, but it doesn’t have to be. If you follow these tips, you’ll be well on your way to creating and running an amazing business that will give you the freedom and flexibility you’ve always wanted. Imagine working from home or anywhere else in the world where there’s internet access! The possibilities are endless!

Do you need help or advice in setting up your business? Whether you need a website click funnel created, business structure, bookkeeping, help with your business credit, or even on getting your own virtual assistant.

Take advantage of this FREE business check-up.

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Top Reasons on Why You Need a Business Coach

If you’ve ever owned your own business, had to make an important decision, or simply been a human being on this planet, chances are you could have used the help of a great mentor or coach. Having someone who can encourage you and support you in moving forward to achieve your goals is invaluable. That’s what coaching does for my business.

Have you struggled before with certain parts of your business?

The right coach will help you address any and every aspect of your business. They can help you with marketing, sales, workflow—any area where you feel like you need support.

Your coach can also be a sounding board to bounce ideas off of or get feedback on new products or services. They can help you with your team and hiring process so that everyone works well together, they’ll even give advice on creating an employee handbook if needed! A great coach will also advise on financial planning, including saving money for future growth opportunities and creating budgets for each department that align with the company goals.

Do you have trouble getting traction when launching a new product or service?

Is your launch a success or a failure? Does it seem like no one is buying what you’re selling, even though your product/service is great and you work hard to ensure that it’s up to par? You may be looking at the wrong thing. It could be that people are just not familiar with what you have to offer because they haven’t heard about it before. This is where having a coach can help.

Coaches will provide advice on how to get traction when launching any new product or service, whether it’s an app, website, physical product, or service-based business (such as coaching). They’ll provide guidance on how best to present yourself as an authority figure in your industry so that more prospects will be interested in hearing about what you do for them. Coaches are also experts at marketing — so if there’s one thing they know how to do well …

Are you looking for support in reaching the next level in your business?

Are you looking for support in reaching the next level in your business?

Do you want to achieve more and be better at what you do?

If so, a business coach can help. A business coach will work with you to identify your goals, develop a plan to reach them, keep you motivated and focused on what matters most, and help set realistic expectations for yourself.

Do you have a dream to be an entrepreneur but aren’t sure what to focus on or where to begin?

Do you have a dream to be an entrepreneur but aren’t sure what to focus on or where to begin?

Business coaching is a great way to help you focus on what is important.

It can also help you set your priorities and create a plan to achieve your goals.

Do you want to make an impact in your industry and need someone to help keep you on track?

What if you could work one-on-one with someone who has been where you want to go? Someone who knows exactly what it takes to get there. A coach can help keep you on track. They will guide and support you in setting goals and working towards achieving those goals.

A coach can help guide and support you in setting goals and working towards achieving those goals. Coaching is about creating a plan for success, then providing resources for accomplishing that plan so that the client takes ownership of their growth process.

Business coaching can help at every stage of your company’s growth.

One of the great things about business coaching is that it can help you at every stage of your company’s growth. A coach will be able to provide guidance and support as you get your business off the ground, but he or she can also be there for you when things become challenging.

When starting a new business, it’s easy to get overwhelmed by all of the decisions that need to be made during launch. Whether it’s planning a new product launch or hiring employees for the first time, having someone on your side who knows how overwhelming this process can feel will make all the difference in helping you reach your goals.

As an established entrepreneur, one thing I hear often from my clients is how they want more clarity around what their next big step should be in growing their businesses—and sometimes even if they should grow or stay put! Having an outside perspective helps me see where they are stuck and where they might benefit from some outside guidance so we can devise a plan together based on these discoveries.

Conclusion

Just like you would train to run a marathon or hire a personal trainer to get in shape, a business coach can help you reach your goals faster, avoid making costly mistakes and stay accountable. Taking the time and investing in yourself will help you reach your entrepreneurial dreams more quickly, with more support along the way.

Do you need help or advice in setting up your business? Whether you need a website click funnel created, business structure, bookkeeping, help with your business credit, or even on getting your own virtual assistant.

Take advantage of this FREE business check-up.

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AVOID THESE 6 MONEY MISTAKES IN YOUR 30s!

As you get into your 30s, you’ll realize that they’re a crucial decade of your life. You may be past the point where you don’t know what to do but you can still find ways to be proactive with your money.

Here are money mistakes you should learn to avoid in your 30s:

1. NOT HAVING AN EMERGENCY FUND

It is important to have an emergency fund to avoid debt in later life. Ideally, this account should cover three to six months of your essential expenses so you can cover any unexpected events such as losing your job or costly medical issues. It is highly suggested to put your emergency fund in a saving account so you can access it immediately and do not need to worry about a downturn in the markets affecting how much money you have.

2. BEING UNDERINSURED

Most people don’t like to buy insurance because it means paying for something that they hope to never happen/use. However, the consequences of being uninsured are so large that they can wipe you out financially. One accident on the job or medical emergency can change your financial structure just in the blink of an eye.

The types of insurance that are highly recommended are:

– Term life insurance

– Health insurance

– Disability insurance

– Renter’s insurance

3. MAKING MINIMUM PAYMENTS ON HIGH-INTEREST DEBT

If you have high-interest personal loans or credit card debt, it is suggested to pay them down as aggressively as possible before you focus on a low-interest loan or a mortgage. The faster you can pay those high-interest loans off, the more money you can put towards other financial goals that become increasingly important as you progress in your 30s.

4. BUYING TOO MUCH PROPERTY/HOUSE

Home/property ownership is gratifying and can lead to wealth creation. However, it is not guaranteed. You have to make sure that your housing budget includes room for things like unexpected repairs, maintenance, and potential changes to your future income if you start a family.

5. NOT AGGRESSIVELY SAVING FOR RETIREMENT

Retirement can seem far away when you are in your 30s. But every dollar you save for retirement now will be 10 to 20 extra years to accumulate compound interest than money saved in your 40s and 50s. You can set up an IRA (Individual Retirement Account) that will automatically move money from your checking account on payday.

6. SAVING FOR YOUR KIDS BEFORE SAVING FOR YOURSELF

When you become a parent, it is natural to want to put your kids’ needs in front of your own. However, saving for your children’s college education before you save for your own retirement is a terrible mistake. There are many ways to pay for college such as scholarships or applying to less expensive institutions but there is no way to pay for retirement other than saving.

When people enter their thirties, there are typically 20-30 common money mistakes they’re making. However, we’ve narrowed it down to the 6 most important money mistakes that need to be fixed if you want significant financial improvement.

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How to Save Money by Organizing Your Life

Organizing your finances will make you better at making spending choices. Organizing your purchases will help you deal with personal debt. Generating wealth is not always about having the most assets or money to spend. Sometimes analyzing your assets and planning for their future use pays off in an unexpected way. A lack of organization can harm your finances as much as being short on cash.

How you are potentially losing money because of disorganization.

Duplicate Items

You may have purchased duplicate items because you can’t find what you need when your need it OR you don’t even know you have it.

Late fees

23% of adults say they pay late fees because they can’t find the bills. How many late fees have you paid in the last year?

Excess Stuff

Just looking around your house, I bet you can see things you no longer use, or in reality, never used. How many hundreds of dollars are represented in your stuff?

Subscriptions

Do you have more than one streaming service subscription? Now, how often do you really use them?

Eating Out

This is an easy way to get food on the table, but it is definitely not the healthiest or the best financial decision.

What you can do starting TODAY

Go on a treasure hunt

Put like items together and see what duplicates are lurking. Visit your storage unit and make a plan to eliminate your dependence on this space.

Become more mindful of your future purchases.

You could even create a 30-day list and see if you still want the item(s) after 30 days. This reduces the spontaneous buying that is so easy to get caught up in.

Create a meal plan

One week I spent $30 on groceries because I already had most of the items at home. If I didn’t have a list or a meal plan, I would have certainly spent more than that!

Take really good care of your stuff

This includes your car, lawnmower, computer, sports equipment, children’s toys, etc. For example, it costs less to replace a spark plug and air filter every year than to buy a lawnmower every 3 years.

If your own peace of mind wasn’t enough to motivate you, maybe knowing there is a direct financial benefit to getting organized will do the trick!

Other financial benefits of organizing your life:

Make money on the items you are willing to sell. Have more time to spend on money-generating activities such as starting your dream business or pursuing a higher-paying job.

Have more time and energy to devote to your own self-care for better emotional and physical health.

More time and energy to explore free and active hobbies such as walking, yoga, library trips, journaling, biking, etc.

You may feel like money is a topic that has nothing to do with your life. However, it’s important to not think this way as personal finance has a huge impact on every aspect of your life. Regardless of your financial situation, whether you’re looking to make more money or trying to save money, it’s worth staying organized. It is crucial that you make financial organization a priority in your life. This will allow you to get a better understanding of the different aspects of your finances, create more wealth, and keep it over time.

If you need any financial help or advice, check out Ingram Taxes. They offer FREE Financial Consultation and FREE BUSINESS CHECK-UPs, and credit repair assistance, 24/7.

 Call or text 866-824-1440 to join the Ingram Taxes Club or visit www,ingramtaxes.com to know more about the services they offer.

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4 Key tips to Get Better With Your Money

Get a Better Financial Mindset

You need to work on your mindset to succeed financially. Keep a journal, read books, watch motivational videos, or get a mentor.

Define Measurable Goals

Make sure your goals are measurable. Break down your big goals into small, easily digestible chunks so you don’t get overwhelmed

Prepare Your Financial Plan

Then, set up a plan for allocating funds to each of your goals based on the priority you have assigned to them

Budgeting is Your Friend!

If you want to get better with money, you have to love it. A budget helps you track your spending and income.

If you want financial tips and information regarding your taxes, 📩 text 866-824-1440 to join the Ingram Taxes Club. they will answer any financial questions you have.

Need someone to answer business credit questions? Book a FREE consult on ingramtaxes.com.

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7 Ways to Increase your Income

You’re building your career and figuring out your future; amidst these processes, it’s likely that you’re encountering some periods where opportunities to make a little extra money would come in handy. Have you been saving up to buy something expensive, like a car or a house? Or maybe you simply want to have an emergency fund in place. Whatever your goals, there are lots of ways to save more on your budget by looking for ways you can make some extra money. Here are seven ways to increase your income.

Side Business

With a side business, you have another source of income. While it won’t make up for the loss of a lucrative day job, it can go a long way toward helping you as you look for another job. Plus, you can use the extra income to build up your emergency fund for just these situations.

Voiceover Work

Voiceover work is a way to make extra money by having your voice recorded.

How to Make Money at Home Using Your Voice

  • Voice Overs for Videos. One of the most popular at-home jobs using your voice is to voice over for videos.
  • Voice Overs for Commercials. Voicing commercials is another way you can make money at home using your voice.
  • Sell Radio Ads.
  • Create Audio Books.

Make money from your hobbies

If you do something you love, it can be turned into a new stream of income.

Here are 12 Profitable Hobbies that make money

  • Writing
  • Illustration and design
  • Music
  • Cooking
  • Gardening
  • Photography
  • DIY crafts
  • Comedy
  • Coffee
  • Memberships
  • Brewing beer
  • Gaming

Share your Ride

You can apply for Uber or other rideshare companies if you have a reliable vehicle and a good driving record.

Sell clothes online

The way to bring in extra money is by listing your old clothing on an online platform like Poshmark.

Online Surveys

Many companies are hiring people to answer surveys, so you can increase your income by doing them.

Share skills

Suppose you have any unique skills. You can share your skills online like Upwork, Fiverr, and others to increase your income.

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Tips for Success in Starting a Small Business

Starting a small business is a massive but rewarding undertaking. Part of starting a small business is doing things in a way that makes the most sense to you, but a little guidance can help as well. Consider these tips for starting your own company and incorporate them as needed:

Start with a simple business plan and grow it as needed

One of the first things you should do as a small business owner is to develop a business plan. It’s vital that you develop this essential document to steer future work and hold yourself accountable, but it’s also important to not go too in-depth during the early stages of developing your concept.

Recognize your strengths and weaknesses

Every small business owner has certain skills, abilities, knowledge and experience that give them an edge when it comes time to build up a business and start operating it.

Understand your target customers and existing market

It’s possible to develop an excellent business concept and deploy it in the wrong area. That’s why it’s important to understand the area in which you want to start your small business as well as your target customers.

Focus on something you have a passion for

Having a passion for something doesn’t necessarily mean it’s your all-time favorite activity or type of business. It does mean that you won’t quickly grow tired of running that type of business, that parts of it appeal to you and, ideally, you can use some combination of existing knowledge or skills

Don’t be afraid to ask for help

Even when a business is on the right track, unexpected issues and chances for growth and improvement can quickly pop up. Addressing these problems and opportunities is critical for long-term stability and prosperity.

Would you like to make sure your business is operating efficiently? Whether you need a website click funnel created, business structure, bookkeeping, help with your business credit, or even on getting your own virtual assistant.

Take advantage of this FREE business check-up.

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Travel to Las Vegas at a low & affordable price | Round-trip tickets starting at $90! Fly on a budget!

Las Vegas is by far one of the most popular trips to make when it comes to having a good time. But it’s difficult to make it an affordable one. Whether it’s throwing your cash and gambling on the casino floor. The plane tickets alone could definitely cost you a pretty penny. But not today, tickets are going for $90 depending on your locations. Which is a steep discount when it comes to air travel. There’s a plethora of things to do in Las Vegas, you could visit A-list nightclubs, Michelin-starred restaurants and designer boutiques. Sign up with this free link, to receive flight deals on trips to Las Vegas, or other states such as California, New Orleans, and more.

**Limited time offer**

Las Vegas is a destination full of signs and elaborate architecture. In the center of the city stands the largest glass pyramid on the planet; one of the largest hotels as well, with well over 5,000 rooms. Taking a trip here is definitely worth the money, especially at this price. Check out our other blog posts, and download our app on the google play store. Unlimited- Cheap Flights & Hotels.

Rental Alert: Huge 3 bedroom 1 bathroom Condo in Riverside Paterson, NJ – 30 mins from NYC and half the price of a New York City apartment!

Located 30 minutes away from NYC driving. This condo is a large open space with 3 bedrooms and 1 bathroom. Open floor kitchen with huge island and stainless steel appliances including stove, microwave, and dishwasher. Plenty of closet space in this unit, and lots of amenities and of course your own laundry washer + dryer in your unit!

Located 30 minutes away from NYC, driving. This condo is a large open space with 3 bedrooms and 1 bathroom. Open floor kitchen with huge island and stainless steel appliances including stove, microwave, and dishwasher. Plenty of closet space in this unit, and lots of amenities and of course your own laundry washer + dryer in your unit! This condo is Minutes from NJ train, bus, Trader Joe’s, plenty of colleges,and also the Great Falls National Historic park. With signing you are entitled to a parking lot, Entertainment room with ping pong tables, pool tables, and treadmills/fitness equipment.

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Upon signing lease you are given key remote to open secure gate to parking lot. Building has security cameras throughout complex. There’s is also a community room to throw pre-scheduled birthday party’s. First months and last month’s rent. No security deposit. Tenant pays electric and gas. Rental price $2100. Virtual tour here.

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Negative Interest Rates May Be Happening – This Is What To Expect If They Do – Cheaper Loans And Higher Bank Fees

Negative interest rates are something the United States has never seen before, I repeat never have seen or done before. When rates dip below 0, there are three things that generally happens. One major effect of negative rates, is banks will have to pay you to take out a loan. This is one thing I’m looking forward to as a real estate investor, because I’m currently paying 4 percent interest on my $111,636 mortgage that I owe. Which is historically low, a couple years ago you couldn’t get an mortgage rate lower than 15 percent! However these rates are hovering around 3.38. The second effect, would be that you would be charged a fee to save your money in a bank. In the long run, I would expect people to pull all of they’re money out and invest all it. The Third effect, would result in stimulating the economy.

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Negative interest rates have been around for years, just not in America. Countries such as Japan and a few other European nations have implemented the idea but in limited form. “Negative interest rates are inevitable in the U.S.,” said Bankrate’s Greg McBride. President trump has also tweeted numerous times that he suggests some form of negative rates would benefit the United States, especially in a time like this.

With the possibility of these types of rates coming, the economy may benefit from stimulation due to a increase in lending. As a result it would become more affordable to borrow, and more expensive to save. You may see a increase in gold investing and even bitcoin being that there have been talks out creating a digital dollar in the past couple of months. It is uncertain whether this would affect the nation in a positive or negative way, because simply; this has not been done.

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