Making (small business coaching) Your Business Profitable
No commentsBy Dillon Norris
As a small business, your focus on the bottom line is always crucial. But how do you increase your bottom line? Increasing the bottom line can happen two ways. One way is to reduce expenses. The other is to increase sales. Of course - that’s Business 101, right? But how does a small or home-based business on a shoe string budget do those things?
Reducing expenses
It all adds up! Five dollars here, ten dollars there, maybe a couple hundred somewhere else. Take a good hard look at the services you’re using. Are they all optimized for what you use? A good example is your phone service. Are you signed up for an unlimited long distance calling plan? If not, you should! If you’re using a service like eFax, be sure that you’re on a plan that matches your monthly usage. Same goes for a service like Freedom Voice. Be sure that the number of minutes you’re signed up for each month is in line with how much you use the service.
You can also reduce expenses by making good use of a virtual assistant. A professional virtual assistant can not only help keep an eye on your bottom line, but s/he can save you money because you only pay for what you use. There’s no need to hire a bricks-and-mortar temp service and pay for four hours each time you need a one hour task completed. A virtual assistant is essentially on stand-by for whenever you need her and she only clocks in when she’s working on your tasks. This saves huge amounts of money over in-office assistance and bricks-and-mortar staffing agencies.
Hiring a virtual assistant also helps reduce, actually eliminate, the cost of hiring an assistant. When you make the decision to hire a staff member, if you’re considering an in-house person, you need to factor in the cost of an additional phone line (or two), an additional computer, desk, office chair, etc. With a virtual assistant you don’t need any of those things. All virtual assistants come with their own equipment to get the job done!
Increasing sales
Not enough of you to go around? Write up the sales procedure you use, along with the phone script, give her the qualifiers (what makes a good customer for you), send your virtual assistant the names and phone numbers you want called, and have her cold call and qualify leads for you. Imagine being out and about during the day following up on all those leads she finds you! Talk about saving you time and helping you make more money. You can even take it one step further and ask your virtual assistant to send out the preliminary information to your potential customers. Now that’s making good use of your time and your virtual assistant’s time!
Sending out letters and postcards? Have your virtual assistant do it! As a business owner you shouldn’t be spending your time licking envelopes and stamping cards - it should be selling or servicing your customers. What dollar amount do you bill for your time? $50 per hour? $75 or $100 an hour? Isn’t it more cost effective to have a $20 per hour assistant handling those menial tasks for you?
Have your virtual assistant answer your inbound calls for you. How many times during the day does someone call that you don’t really need to talk to - that someone else could handle. How about the time wasters who call just wanting to chit chat? Let your virtual assistant screen those out for you. Better still - train her on the types of calls that come into your office and teach her how to handle each call type. Again, this frees up your time to do what you do best!
A virtual assistant cannot only help you save money, which of course impacts the bottom line, but he or she can also help you make more money.
Read up on low calorie foods at the Low Calorie Meals Online website. Find information on glycemic index foods at the Low GI Foods Online website. For info on white blood cell problems, visit the Low White Blood Cells site.
Popularity: 3% [?]
Making Your (business coaching) Business Profitable
No commentsBy Dillon Norris
As a small business, your focus on the bottom line is always crucial. But how do you increase your bottom line? Increasing the bottom line can happen two ways. One way is to reduce expenses. The other is to increase sales. Of course - that’s Business 101, right? But how does a small or home-based business on a shoe string budget do those things?
Reducing expenses
It all adds up! Five dollars here, ten dollars there, maybe a couple hundred somewhere else. Take a good hard look at the services you’re using. Are they all optimized for what you use? A good example is your phone service. Are you signed up for an unlimited long distance calling plan? If not, you should! If you’re using a service like eFax, be sure that you’re on a plan that matches your monthly usage. Same goes for a service like Freedom Voice. Be sure that the number of minutes you’re signed up for each month is in line with how much you use the service.
You can also reduce expenses by making good use of a virtual assistant. A professional virtual assistant can not only help keep an eye on your bottom line, but s/he can save you money because you only pay for what you use. There’s no need to hire a bricks-and-mortar temp service and pay for four hours each time you need a one hour task completed. A virtual assistant is essentially on stand-by for whenever you need her and she only clocks in when she’s working on your tasks. This saves huge amounts of money over in-office assistance and bricks-and-mortar staffing agencies.
Hiring a virtual assistant also helps reduce, actually eliminate, the cost of hiring an assistant. When you make the decision to hire a staff member, if you’re considering an in-house person, you need to factor in the cost of an additional phone line (or two), an additional computer, desk, office chair, etc. With a virtual assistant you don’t need any of those things. All virtual assistants come with their own equipment to get the job done!
Increasing sales
Not enough of you to go around? Write up the sales procedure you use, along with the phone script, give her the qualifiers (what makes a good customer for you), send your virtual assistant the names and phone numbers you want called, and have her cold call and qualify leads for you. Imagine being out and about during the day following up on all those leads she finds you! Talk about saving you time and helping you make more money. You can even take it one step further and ask your virtual assistant to send out the preliminary information to your potential customers. Now that’s making good use of your time and your virtual assistant’s time!
Sending out letters and postcards? Have your virtual assistant do it! As a business owner you shouldn’t be spending your time licking envelopes and stamping cards - it should be selling or servicing your customers. What dollar amount do you bill for your time? $50 per hour? $75 or $100 an hour? Isn’t it more cost effective to have a $20 per hour assistant handling those menial tasks for you?
Have your virtual assistant answer your inbound calls for you. How many times during the day does someone call that you don’t really need to talk to - that someone else could handle. How about the time wasters who call just wanting to chit chat? Let your virtual assistant screen those out for you. Better still - train her on the types of calls that come into your office and teach her how to handle each call type. Again, this frees up your time to do what you do best!
A virtual assistant cannot only help you save money, which of course impacts the bottom line, but he or she can also help you make more money.
Read up on low calorie foods at the Low Calorie Meals Online website. Find information on glycemic index foods at the Low GI Foods Online website. For info on white blood cell problems, visit the Low White Blood Cells site.
Popularity: 3% [?]
Review of the (executive coaching) Citi Professional Card
No commentsBy Raul Levine
Citibank renders its quality services to students, business personnel and the frequent travelers. It has brought for the business people, the Citi Professional Card to assist you in running (and managing the finances) your own business.
Features Of The Card
The Citi Professional Card has no annual fee, a reasonable annual percentage rate (APR) and theft protection options. For the initial nine months, there is a 0% APR on the balance transfers. No balance-transfer fee is applicable.
The card acts as the personal assistant.
Benefits Of The Card
The credit card enables you make business expenses, also helping in categorizing these expenses under suitable heads in your monthly statement. This option helps you during tax calculations. The card gives you the opportunity to create separate accounts for all your clients, equipment, supplies and materials.
The credit card can also help you with a phone number, restaurant information, travel arrangements and other office needs. You can avail of the services of amicable assistants for making hotel and travel reservations for you.
The Citi Professional Card provides you with online banking services, helping you pay your bills on time and track your outgoing expenses. This enables you to save your money and time if you are in the habit of missing out on payments.
The card allows you earn rebates and many more benefits from your daily business related purchases. Moreover, you can determine categories for expenses and every time you get a credit card statement, the purchases you made will be placed within your designated categories.
Points And Rewards
The beneficial online expense reporting tool enables you to set up reports for certain clients for helping you observe the transactions that are related to a specific category. The card demands no redemption fees for the points and no fees for the Thank You Network rewards program. The first purchase you make with your card will give you 10000 reward points, which are redeemable for a $100 gift card.
With spending every dollar at the participating retail establishments, like gas stations, supply stores and restaurants, you obtain 3 points. However, for spending every dollar at other locations, you earn one point. The points can always be added to your Thank You Network points balance.
Card Features
In case you already have a business credit card, you can transfer your balance to the Citi Professional Card in order to enjoy 9 months of 0% interest.
The card also provides you with access to a customer service 24/7. You can avail of the toll free number for speaking to a representative or gaining access to your online account for making payments, viewing minute statement details and gaining information on the unbilled activity.
Perks
The card offers you many Internet account related services, fraud and security protection services, lost and stolen card reporting and access to the online expense reporting tool.
It further provides many travel and emergency assistant services, a maximum of $1000000 in travel accident insurance, emergency card and cash replacement, quarterly and end of the year financial statements and many more benefits.
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Popularity: 4% [?]