Running a small business can be very costly at times without you realizing what is happening. This is why having a bookkeeping software and keeping a running budget is essential in gaining financial success. We as owners do not realize how they can add up and they’re adding up in the wrong categories. Today, however I want to share six small investments that can help you grow your business.
For the last three years, I have focused on consulting women entrepreneurs and I have learned a lot during this time. 30% of my clients are actually mompreneurs focused on building their dreams and taking care of their family at the same time. Today, I am sharing some simple tips I have given my clients to help them streamline their small business as mompreneurs.
Last month, Unilever bought The Dollar Shave Club for $1 Billion dollars cash. Let me just say I celebrated their win with so much joy as if it was my start up. The founders of this business solved a problem that men all over the world were having. They leveraged it into a Unicorn business. What’s crazy you can do the same thing starting with the $1,000 a month in revenue you make. You see after you make your first $1,000 in one month it energizes you to continuously do it.
The saying goes that ideas are a dime a dozen, what truly matters is the execution of those said ideas. However, I beg to differ with that notion for the fact I met people constantly who are struggling to determine what type of business they want to launch. They know for fact they want to run to launch their own company and change the climate of the small business industry. Personally, I can sit down with someone and listen to them talk non stop and formulate a list of business ideas and action steps. So, if you’re looking for a side hustle or an actual business concept today’s post is dedicate to you.
As of today, we are under the 200 day count down for Christmas 2016. I truly want you as business owners to succeed. That means establishing a plan now verses later. Which a plethora of small business owners do. They wait until November 1st to think about holiday season. You need to be creating plans now, getting imagery ready and more. Let me break it down for you.
For the last four years, I have lived in my small town that I grew up in. At first, I resented living here truly not understanding how I could truly thrive in a town where everyone wanted to do MLM (Multi Level Marketing), think ItWorks, Herblife, Mary Kay and ACN verse building their own companies. Then I really started focusing on excelling at what I do verse the size of town I live in. No matter if you live in a small town or a large one these six points can help you grow your business locally.
Social media is forever changing and there is no sure fire way to know that the platforms we love will be here a year or five years from now. Heck, I remember when I first joined Twitter as an early adopter it was totally different than it was today. My first user name was email account before the gmail part, then I changed to TeeBaby and now to the present name of TashaICB. One thing we do now is your local community is forever growing and you needed to be apart of it.
Millions of women are wanting to launch businesses this year. Seven years ago, launching an online business was a greater task than most people might assume. I always share with people high end designers were not even using their own websites. One serious issues that women are running into when launching however, is the actual plan. As I consult an average of 15 women of a month with ICB Consults, I notice most are just taking huge leaps with no actually thought out plan on how to achieve everything. This is the very dangerous part because you become really overwhelmed very quickly.
In this How To Make four part series, I have covered $35,000 in sales and $50,000 in sales thus far. Today, we are taking a leap up to making $75,000 in sales a year which is a dream for a lot of small business owners who want to quit their 9 to 5 in order to pursue their dreams. For almost two years I was stuck between $50,000 and $75,000 in sales a year. When you break a financial cap it motivates you to go to the next level. Finally, I will share how you can achieve $100,000 or more in sales a year for your small business.
One of my favorite thing to do is work with people one on one to help them understand how to grow or launch their businesses. Next favorite thing would be to host workshop were I am able to help a group of people at one time comprehend what is going on in their business and how they can fix it. Hosting workshop has become the new style conference for entrepreneurs or future business owners who want to learn. They are easy to attend most times you can find them locally without having to spend thousands of dollars.