A Guide To Being A New Business Owner

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StrategyDriven Starting Your Business Article |Being your own boss| A Guide To Being A New Business OwnerBeing your own boss is an exciting adventure and an accomplishment to be proud of. However, know that there’s a lot to think about as you open your doors and try to build up a book of business.

It’s normal to be hesitant and unsure of yourself and what you’re exactly doing at first. Use this guide to help you determine what areas you should be focusing your time and energy as you begin your journey as a new business owner. Avoid worrying about all that may or may not go wrong and instead enjoy your new position and having the power and authority to call the shots and make the tough decisions.

Set up Your Office Space

One of the first things you need to do as a new business owner is to figure out where you’re going to be working and want to set up shop. It’s a good idea to make sure you have the essentials at your building, such as desks to work at and bathrooms to use. If you need new bathroom stalls, then contact partitionplus.com and allow them to assist you with this project. You want an environment that’s welcoming, configured for productivity and where your employees feel comfortable coming to work each day.

Focus on Client Service

As a new business owner, you’re also going to want to focus on offering excellent customer service. Doing so is a way to get more clients and attract business to your company so you can increase your profits. Keep in mind that without satisfied customers, your entire business may suffer and you could end up having to shut your doors. Ask those who are pleased with your services to leave online reviews for you so others can get a better feel for what it’s truly like to work with you.

Organize Your Finances

You’re not going to get too far in business without you having your finances in order and being wise with your money. As a new business owner, this is one area you’re going to want to pay special attention to as you begin to grow your company over time. If you find this task difficult to do or don’t have the time, then consider hiring a finance director to help you out. This way you can keep tabs on your books and be notified of any red flags immediately.

Practice Work-Life Balance

Being a new business owner means you’re going to be spending a lot of time at the office trying to get your company up and running. However, it’s important to practice work-life balance and take care of yourself and your health if you want to succeed in your role. Burning yourself out and feeling exhausted each day will only cause you unwanted problems over the long-term. Get in the habit of using your vacation days and finding a routine where you can live a healthy lifestyle and manage a profitable business. It’s possible to do, but you have to be willing to prioritize your tasks and have good time management skills.

5 Things To Remember When Starting A Chemical Manufacturing Business

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A chemical manufacturing company is a potentially very lucrative business idea, however, it does require a lot of initial investment. You need to cover the cost of finding a prime location, buying and setting up all of the equipment, and hiring a lot of specialist employees. You’ll have to put a lot of money into this business if you want to get it going which means the risk is very high and if you fail, you will find yourself in a very difficult financial position. That’s why you need to think carefully about it and make sure that you know exactly what is involved in setting up a successful chemical manufacturing business. If you think that it’s the right idea for you, make sure that you have considered these things.

StrategyDriven Starting Your Business Article | 5 Things To Remember When Starting A Chemical Manufacturing Business | Entrepreneurship

What Is Your Niche Going To Be?

Unless you want to spend huge amounts of money on different types of equipment, you need to pick a fairly narrow niche for your chemical manufacturing business. Starting out with one or two products is the best thing to do, otherwise, your overheads will get out of control before you even get started. The first decision that you need to make is whether you’re going to make intermediate chemicals or finished products for market. Intermediate chemicals will be sold to other businesses which will use them during the manufacturing process to make products that go straight to market. Alternatively, you could make products like cleaning chemicals, soap or toothpaste etc. for companies that will then sell them direct to retailers.

If you’re making intermediate chemicals, the manufacturing process is usually simpler and cheaper. You’ll also have more choice of customers, especially if you make a product that is used to manufacture a lot of different things. However, the profit margins on these products tend to be smaller so you’ll be selling in larger quantities but not necessarily making as much money on each unit.

Manufacturing finished products for market does tend to give you a higher profit margin, the only problem is that the overheads are also a lot higher. When you’re manufacturing more complex products, you’ll need a lot more lab equipment and at this point, you probably can’t afford that. It’s best to start out with intermediate chemicals and move on to more complex products once you’re well established and you have the money to cover the increased overheads.

Location In Relation To Raw Materials

Choosing the right location for your manufacturing plant is very important. You need to make sure that you have adequate space for all of the equipment that you’ll need but you also need to think about your location in relation to the raw materials that you’re going to need. If your manufacturing plant is located too far away from companies that supply the raw materials then you’re going to be spending a lot of money on shipping and that will eat into your profits. The best thing to do is to decide what you want to manufacture and work out what raw materials you will need and then find a location where they are easily accessible.

Storing Chemicals

When you’re choosing a location, you don’t just need to consider how you’re going to get your raw materials and then manufacture new products with them, you also need to think about where you’re going to store all of those chemicals. You will need to store the raw materials before manufacture and the finished product afterwards. That’s why it’s important that you find a location that has plenty of space for storage as well as manufacturing. Get in touch with a company like Tuffa Tanks that supply storage tanks for chemicals so you can get an idea of what it will cost and what kind of size you can get. This will give you an idea of the cost of storage and how much space you will need so you can make sure you choose a suitable location.

Packaging And Shipping

Storing the chemicals at your own facility is one thing, but you also need to deal with packaging and shipping the chemicals. If they are hazardous in any way, this can be quite a challenge and it might cost you quite a lot of money. Some of this cost can be factored into the price when you sell the chemicals but you don’t want to push the prices up too high and lose customers. There are certain regulations around the packaging and shipping of certain chemicals so it’s essential that you do your research beforehand and find out whether this applies to you or not. If you are found to be breaking these regulations, even without realizing, it’s likely that your business will be shut down temporarily, if not permanently, and you’ll be hit with a big fine.

StrategyDriven Risk Management Article |Ship Hazardous Materials|We Answer the Top 9 Most Commonly-Asked Questions About Hazardous Materials PackagingEnvironmental Concerns

Manufacturing chemicals can have a big impact on the environment, especially if you’re using hazardous materials, and that’s something that you need to think about when you’re setting up your business. Disposing of waste properly is so important because if you just dump it, you’ll do a lot of damage to the surrounding ecosystems. If you’re found to be disposing of waste in the wrong way, you could get yourself into a lot of legal trouble. There are proper channels for disposing of your waste in a safe manner that doesn’t damage the environment so it’s important that you follow them properly. This is usually going to cost you more than standard waste disposal for a business so make sure to factor that in as well.

Ideally, you should try to use less harmful chemicals where possible because this will improve your public image. Consumers are very concerned with environmental issues and a lot of people cite it as a major factor in their purchasing decisions. If you can find different ways to manufacture your products and reduce your impact on the environment, you’re far more likely to make sales.

If you don’t consider these things before you start your own chemical manufacturing company, you’re likely to fail before you even get off the ground.

Starting a Business at Home: A Guide

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StrategyDriven Starting Your Business Article|Home Business|Starting a Business at Home: A GuideIf you’ve got that entrepreneurial spark, why not start your own business from your very own home? The best business you could build from home are the ones you start yourself from scratch, not the ones you buy into (talking to you, multi-level marketing schemes!). Even if you’re starting from absolutely nothing with little money, it’s definitely possible to build up your business idea into a successful and profitable company. Here is a guide on how to get started.

Step 1: Pick your niche

Come up with a business idea and choose what sort of business you want to start based on your experiences. This is most likely going to be the most difficult step, as you need to identify the idea behind your business and what your unique selling proposition is. You don’t have to necessarily have professional experience as long as the work you do is rooted in proper knowledge or expertise, so you can turn a hobby into a business as long as the quality is there.

Also consider that if you have a criminal record, there are a few fields you can’t start a business in, including medicine, law, finance, or anything that uses hazardous materials. If you want to be sure about your options, speak to an attorney to get a better understanding of what limitations you have if you’ve been convicted of a crime before getting started.

Step 2: Determine your target market and your competitors

Understanding whom you’re trying to sell to is a big factor in the success of your business, as is knowing who your competitors are and what they’re offering. By identifying your target market early on in the process, you can determine what kind of demand there is for your product or service and adjust accordingly. Also, every business has a competitor, and you want to make yours stand out so you must know what the competition is doing in order to offer something different than them. It’s beneficial to do a competitive analysis to help figure out what your company’s edge is.

Step 3: Decide what your budget is

Every business needs capital to get it off the ground, so figure out how much that is before you start spending. Consider how much you’ll be spending on your office space, including rent, utilities, equipment, and administrative services like conference calling, and be realistic about these costs. Also, consider other expenses like marketing costs and employee salaries and benefit packages. Do plenty of research and compare prices to make sure you get a good understanding of what your budget will be.

Step 4: Finance your business

The preferred way to finance your new business would be through personal savings, but understandably, this isn’t always a reality or a viable option. In 2018, nearly half of all small business owners went to the bank for a loan to help finance their company. There are other ways to obtain some capital, including:

Don’t forget to keep your business finances and personal finances separate for legal reasons. Make sure to establish your business as its own entity and set up an LLC for easy accounting when it comes time to file your taxes.

Step 5: Advertise

How are people going to know you exist unless you market your brand or product? Make sure your company has a website and you’re on social media platforms like Facebook, Instagram, Twitter, or LinkedIn (or all of the above – whatever makes sense for your brand and target audience) and understand the strategies involved for each platform, because yes—they’re all different. Traditional advertising is fine too, but the real bread and butter comes from social media these days, so get your profiles up and get that website functioning as soon as possible.

5 Key Tips for Starting Your Own Office Cleaning Business

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StrategyDriven Starting Your Business Article | Entrepreneurship | 5 Key Tips for Starting Your Own Office Cleaning Business | Office Cleaning BusinessSmall businesses are booming and there’s no end in sight. According to the U.S. Small Business Administration Office of Advocacy, there were 30.2 million small businesses in the US during 2018.

So why not use the opportunities available to pursue your dream of opening an office cleaning service.
But what do I know about starting a business? No one is born with all the knowledge necessary to thrive in business. But if you are willing to put in the time and effort you can learn what you need to start your business.

Read on to learn more.

How to Start an Office Cleaning Business

There are no foolproof steps to begin a successful office cleaning business. Businesses grow and flourish through effort.

But be sure to ask yourself some questions such as “what do I need to start a cleaning business.” You may even consider starting a cleaning business checklist.

Gathering information is key to beginning a business. However, there are some tips you should use to get going on the road to success.

Choose Your Target Client

When deciding to start a business you should consider who you will serve. Offices come in many shapes, sizes, and locations.

Will you have the manpower to clean large, corporate offices? Or do you want to focus on smaller operations like daycares or banks?

Perhaps cleaning universities or shopping centers sparks your interest.

Whichever offices you want to clean do your research on the types of cleaners you can use in schools or hospitals.

Select the Services You Will Provide

Now that you know where you want to clean select the services you’ll provide.

Some of the cleaning your business offers may include:

  • Commercial Carpet Cleaning
  • Doors and Windows
  • Green Cleaning with environmentally safe products
  • Interior and Exteriors
  • Restrooms

Now that you’ve chosen your services it’s time to decide where you’ll work.

Select Your Office Location

In the early days of your business, you may decide to work out of your home to cut down on costs. Yet, this may not be an option if you need storage space for cleaning equipment and products. Plus an area for hiring and training employees.

But if you have space in your home and begin with a small crew of people you may be able to use your place.

Handle the Business Details

Now comes the not-so-fun part of beginning your business. Each business must go through growing pains in order to evolve.

The following are steps to creating your business:

  • Name your business
  • Get small business insurance
  • Price your services
  • Open a Business Checking Account
  • Register your business with your state
  • Consult an attorney
  • Choose if your business will be a single owner LLC, multi-owner LLC or corporation
  • Hire and train employees

Market and Get Customer

After all the paperwork tasks are complete you can focus on marketing and gaining customers.

Getting your website setup, order flyers and distribute them, advertise on social media, and tell your friends and family are helpful was to get your business brand’s name out to the public.

Continue to Grow

Running an office cleaning business is tricky but also beneficial. You get to be your own boss and help keep people work in a clean environment.

Yet, over time the fruits of your labor will result in profits and popularity among your peers. It just takes patience.

If you enjoyed this article continue reading our website for information on creating a successful business.

11 Experts That Can Help Your Startup Soar

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StrategyDriven Starting Your Business Article |Successful Business|11 Experts That Can Help Your Startup SoarSo you’ve had an idea for a long time and you’ve finally decided to give it a real go. You’ve spent long enough thinking ‘what if’ and grinding away at a job you hate or those textbooks you’ve exhausted, and you’re ready to turn into a tangible project.

Starting up a business, whilst a freeing and exciting process, is a feeling of being dropped into the deep end. You may have learned a lot about it in your school days, but once you’re out there trying to make something out of nothing, it’s like starting all over again – you can learn all the theory in the world, but when it comes to actually putting it into practice, the real world can throw up some surprises.

In life you’re not going to know everything, you’re going to be limited in some aspects and you’re going to need some assistance. The same applies to when you’re attempting to start and maintain a successful business. In order to find even a bit of success, you’re going to need a bunch of facets to be operating smoothly, and a way to solidify that is to get the appropriate help that can get you off the ground or over the line. Let’s have a little chat about the different types of help you can solicit and how it can benefit you as you look to make real strides in the world of business.

An Accountant

When you’re up and running, you’re obviously going to be bringing in quite a bit of money. Handling the money side of things can be a little tricky – even if you’re quite competent already. Hiring an accountant would be beneficial to you as you can let them deal with the nitty-gritty bits that may be concerning you whilst you get on with the work you know how to do. They won’t just help you in terms of doing their initial job, you can also pick up pieces of information and wisdom off of them for future reference.

An Assistant

If you’re in need of an extra body to lighten the load, you can absolutely bring someone in to work with you. There are many people out there trained in admin; they can handle the basic, tedious and necessary formalities that you need to get out of the way. Nowadays, you can look online and find a virtual assistant to help you – even from the other side of the world.

A Copywriter

If you need someone to write content for your website or anything like that, then you could get in touch with a copywriter. They place your content on your page so that you can get on with everything else. They also do blog posts with appropriate links that can boost search engine optimization. The content on emails is another way in which they provide service.

A Graphic Designer

If you’re not too versed in creating logos, heading and other fancy design on different pieces of software, then you can always find an artistic graphic design whiz. The stuff they can conjure up these days is magical and if you need someone to make a near perfect and stunning design for you, then you can get one of these guys/gals.

A Marketer

There are people out there who live and breathe marketing. They know all there is to know about promoting products and services. They also know how best to build relationships with customers so that the brand stays in their minds. If you work with someone like this, they will create a strategy for you and execute it all.

A Social Media Expert

Social media is a huge part of life now – for better or for worse. You can take a product or service and get its name out there relatively simply thanks to some of the platforms. There are people out there that specialize in the way social media operates and the way in which people behave. It’s quite as hard-hitting or as broad as getting in someone whose expertise spans throughout the entire marketing and digital marketing spectrum, but this specialist could help you score big points in terms of exposure.

An SEO Specialist

SEO stands for search engine optimization. It’s basically a way of making sure your website is soon on search engines like Google. It’s done by a bunch of ways, including inputting relevant and quality content and link building. If you want your brand to be seen more and more, then hiring local SEO experts could put you on the right path.

A Consultant

You’ve probably thought about every little nook and cranny that goes into your start-up. But like we’ve said before, you won’t perfect it, and there’s always something that can be added to it or something that can be improved upon. That’s where a business consultant can come in. Even if a certain aspect isn’t exactly wrong or failing, they can approach it from another angle and provide a little more insight for you.

A Lawyer

There will be a lot of legal stuff that you need to sort out when you run a business. The law can be a confusing and messy world at times, so getting in touch with a corporate lawyer wouldn’t be a stupid thing to do. They can help you set up the business without any legal issues, and they can also help you sort out things like contracts.

A Sales Specialist

If you’re not exactly the best salesman/saleswoman in the world, then there’s always someone out there who with a smooth and charming demeanour ready to help close out deals. Someone who has worked in sales for years will know everything there is to know about getting a deal or a sale over the line.

A Customer Service Firm

Finally, you can outsource this aspect of the job to a firm that’s dedicated to it entirely. You’ll want your customers to be taken care of when they have problems or when they need to inquire about something. Certain firms deal with stuff like emails and chatbots.