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3 Essential Tools
for Starting and Maintaining a Small Business
We believe that there are 3 factors that drive the success
of small businesses.
1) Acquiring start-up capital
2) Finding customers
3) Accounting for, budgeting and controlling sales and
expenses
The following resources will help your small business
achieve these success factors.
Acquiring Start-Up Capital
An adequate supply of capital is essential as many
profitable businesses fail because they don't have enough
cash to pay their employees and suppliers. But what is an
adequate supply of capital? The only way to tell is by doing
a significant amount of research on your potential market
and formally documenting this in a business plan. I'm sure
you know that a business plan is a very important document
that is crucial to convincing your banker to lend you money.
There are two ways to obtain a business plan.
1) Do it yourself by amending a business plan template, or
2) Hire a professional to do it for you.
Obviously obtain 1) will be a great deal cheaper.
Our research led to a website that has over 60 high quality
and free business plan templates. We also found a directory
that you can use to easily find a business plan writer in
your city where ever you live in the world.
Finding Customers
Finding customers is a difficult and expensive task for
service business owners such as accountants, lawyers and
plumbers. We believe that a cost effective marketing
strategy for service business owners is to simply give all
their personal contacts a few business cards.
Our research led to a few websites that have pre-designed
business card templates. We felt that the diversity and
quality of these designs was outstanding. In addition, we
found that you can obtain a significant saving by finding a
printing service on the Internet. We found that you could
get 2,000 full color business cards for as little as US
$150.
Accounting For, Budgeting and Controlling Revenue and
Expenses
Accurate accounting is very important for small business
owners. Its essential that you have timely access to
information that could make or break your business. If
stocks are running low you need to know about it. If a large
proportion of your debtors haven't paid you need to know
about it. If you do not react to these situations quickly
you may have a situation where you don't have enough money
to pay your employees or worse still someone is stealing
cash out the till.
Our research led to a website that compares and reviews top
accounting software for small businesses. The cheapest
software cost US $89.99 and the most expensive software cost
US $1,499. It was interesting to note that the top 3 ranked
websites were not the most expensive and cost between US
$250 - US $300.
Hopefully you now have an idea of some of the tools that you
can use to grow and maintain your small business. If you
would like to benefit from our research please visit our
website. We do not charge for this research and offer the
content freely on our website.
About the Author
Best Quality Small Business Resources
Ryan Hough is the webmaster of best quality small business
resources.com, who's aim is to help you save time and money
by finding reviews and case studies that will enable you to
choose the best resources at the right price.
Written By: Ryan Hough
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