Corporate Guide

Business Start

page 5

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source by: businesstown.com

STEP 5 Opening the Doors

Okay, it's time to get on the road to making some money; this of course means spending money. Where are you going to run your business? Will a home office do or is commercial space needed to service your customers? Do you need to hire employees to help you run the business?

What are your bookkeeping needs, do you need an accountant? Finally, who could forget taxes, what taxes do you have to pay and collect? Now that your business is through the start-up phase, you can now look forward to the issues of managing a small business.

Commerial Space
Moving into a commercial office space can be an exciting time for a small business owner. It signals a coming of age for a business that has outlived the usefulness of a home office. More space is needed to house new employees and more equipment, and to conduct meetings, conferences, and product demonstrations.

A commercial office gives a small business owner the feeling of taking the business to its next level of growth—with continued growth expected and eagerly anticipated.

Hiring Employee

"Be careful to hire the best candidate for the job-not merely the most talented job seeker."

Hiring Top Performers
" If you're trying to achieve excellent levels of performance in your organization, it's going to be a lot easier if you hire terrific people in the first place."

The Pyramid Hiring Technique
The caliber of people who work for your company will arguably have more impact on the sucess of your company than any other factor. The easiest way to create a terrific work force is to hire terrific people in the first place.

Keep Hiring Legal
If you think common sense is a good enough rule of thumb for keeping hiring legal, think again! All hiring managers need to have a basic understanding of the legalities of hiring. And some of the legal issues are probably not as straightforward as you may think.

Attracting Candidates

More and more often jobs are being found through electronic job banks such as Jobsd.com, and Jobstreet.com and any other job related websites. At this time companies may place ads for professional openings at no charge. Electronic job banks such as Jobsdb and Jobstreet are particularly effective for filling technical and career-oriented professional positions.

Managing Business

"Too often in business we get trapped into equating sales with profits. Yet there are many other ways you can dramatically impact your profitability!"

Quick Ways to Boost Profits
"Too often in business we get trapped into equating sales with profits. Yet there are many other ways you can dramatically impact your profitability!"

The Importance of Being Cheap
"It's more than a coincidence that when I entered the market for local city guidebooks, I decided to go for the low end under the brand name Mr. Cheap's."

Adams Rules for Small Business Success
"A good strategy immediately distinguishes your business from those of your competitors, and gives your customers a solid reason for choosing to do business with you. "

Think Success
" If you're like me, it might not always come naturally-but you can push yourself to think positive, and to talk success! "

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