Checklist for Starting a Crafts Business: Essential Ingredients for Success
If you are thinking about going into business, it is imperative that you watch this video first! it will take you by the hand and walk you through each and every phase of starting a business. It features all the essential aspects you must consider BEFORE you start a Crafts business. This will allow you to predict problems before they happen and keep you from losing your shirt on dog business ideas. Ignore it at your own peril!
For more insightful videos visit our Small Business and Management Skills YouTube Chanel.
A Step by Step
Guide to Starting a Small Business
This is a
practical manual in a PDF format, that will walk you step by step through all the
essential phases of starting your Crafts business. The book is packed with
guides, worksheets and checklists. These strategies are
absolutely crucial to your business' success yet are simple and
easy to apply.
Copy the following link to your browser and save the file to your PC:
https://www.bizmove.com/free-pdf-download/how-to-start-a-business.pdf
How to Improve
Selling in a Retail Store
This guide discusses Sales Skills and
Techniques. An important ingredient in the successful business
is good sales skills. Without it, many sales are lost - sales
that may mean the difference between success and failure. This
Guide tells how you can train yourself and your employees to
Boost Sales Techniques.
To many customers, the salesperson is
the business. Therefore, if the sales personnel are good, the
business if good. But if the sales personnel are bad, then so is
the firm. Although important to all businesses, effective sales
personnel are especially important to small businesses. Why?
Because, it is difficult for a small business to compete with
the big firms on things like assortment, price and promotion.
Sales effort, on the other hand, is one place where the small
product or service retail business can compete with larger
competitors - and win.
Effective sales skills doesn't happen
by accident. The small entrepreneur must work to achieve a high
level of sales effectiveness in his or her business. In order to
work toward this goal, the business person should be aware of
the different types of salespersons, the sales process, and the
attributes of effective salespersons. Applying such knowledge to
a business situation should result in the desired goal of
effective sales personnel - the competitive edge.
It is important to note that
retailing may involve sales services instead of products.
Appliance repair, beauty shop, lawn service, and photography
studio are all examples of service retailing. Even though
services are intangible, personal, non-standardized, and
perishable when compared to products, they are sold by retailers
either alone or in conjunction with the products. The effective
sales of services has the potential to give a business a
competitive advantage.
Types of Salespersons
Order-Handler
The ticket-taker at the concert, the
checker at the food store - these salespeople are working in a
routine sales environment. But due to the nature of their jobs,
they will be asked numerous questions by customers as well as
hear complaints about prices and service. A knowledgeable person
with a pleasant personality is especially needed for this job,
because this is usually the person who is dealing with the
customer when the customer's money (payment) is received.
Order-Taker
more creativity is found in this job
as compared to the order-handler. The counter attendant at the
fast food restaurant may take the order and then suggest that
the customer might also wish to buy a hot apple turnover.
Pleasant personality, fast service, and suggestion selling on
the part of the order-taker can result in many additional sales.
Order-Getter
For many businesses, the heart of the
sales process rests with the creative selling efforts of their
salespeople. Of course, one of the greatest problems is that
there are numerous order-handlers and order-takers in sales
positions that should have order-getters for optimum sales
effectiveness. Clothing, furniture, jewelry, and appliances are
just some of the many items that call for order-getters (a
person who can handle a transaction, take an order, and, most
importantly, get an order). As for services, the home security
salesperson, for example, who calls on a prospect because it is
observed that the house has no dead bolt locks, is making that
special effort to be an order-getter. Even though all sales
situations do not call for order-getters, all salespeople will
be called upon to sell creatively from time to time. It is for
this reason that all sales personnel need to have a working
knowledge of the creative selling process.
Creative Sales skills Process
the creative sales skills process
consists of eight steps, none of which is less important than
any other if the process is to be effective. It should be
emphasized to all employees that all steps are vital to the
achievement of effective sales.
1. Pre-Customer Contact
A smart builder would not attempt to
build a house without a good foundation. Likewise, a
businessperson should not place people on the sales floor or
telephone until these people know the business, merchandise,
services, and customers. Before any contact is made with the
customer, every salesperson should know:
Policies, Procedures, and Rules. Have
these in writing for all employees to see and to know.
Operation of Equipment. No matter
whether the register is electronic or mechanical, the time to
learn how it works is not after a sale while the customer waits
for the change.
Target Market Knowledge. The better
salesperson knows something of the likes and dislikes of the
firms primary customers. The business operator should tell all
sales personnel about the business's customers and their
lifestyles. Tell the salespeople about customer's interests and
their ability to buy.
Product Knowledge. A salesperson
gains confidence by knowing about the products and services he
or she is sales. If a person sells shoes, it helps to know the
merchandise as well as how to fit them. If a person sells
building materials, the sales job is probably more effective if
the salesperson can also help answer questions about home
repairs. It helps the person who sell clothes to know something
about fabrics and current fashions. If the person is in the lawn
service business, that person should know about lawn care. Most
sales personnel will not take the initiative to acquire product
on their own. It is management's responsibility to encourage
employees to gain product and service knowledge. Management
should make such knowledge available to them.
2. Prospecting
Although not appropriate to every
sales situation, prospecting should be used whenever possible.
Essentially, prospecting involves not waiting for the customer
to show up at a store or to phone about a service. It is
concerned with taking the initiative by going to the customer
with a product or service idea. Prospecting may be of two types:
new or regular customer prospecting.
New Customer Prospecting.
A salesperson sees that a person is getting married. Action is
taken on this knowledge by contacting the person and telling her
about appropriate items (or services) that might be of
assistance to a new bride. By using newspapers and personal
contacts, a salesperson can take the initiative to contact and
create new customers.
This article offers managing your Company
tips and manage business advice. But you aren't ready to start
your own company till
you've given any thought to managing
it. A company is a continuous activity that doesn't run itself.
As the supervisor you will
need to set goals, decide how to
achieve those goals and also make all the required decisions.
You will have to purchase or create
your product, cost it,
advertise it and sell it.
You'll need to keep documents,
and determine prices. You'll Have to Control stock, make the
right buying decisions and keep costs
down. You'll have to
hire, train and motivate employees now or as you develop.
Setting Business Management Goals. Great small business
management Is the secret to success and great management begins
with
establishing goals. Set goals for yourself for the
achievement of the many activities necessary in establishing and
managing your
business successfully. Be specific. Write down
the goals in measurable terms and conditions of performance.
Break big goals down
to sub-goals, showing exactly what you
expect to attain in the next two to three weeks, the next six
months, another year, and the
subsequent five years. Beside
each goal and sub-goal place a specific date showing as it is to
be achieved.
Plan the action you must take to attain the
goals. While the attempt Needed to achieve each sub-goal ought
to be great enough to
challenge you, it shouldn't be so good
or foolish as to discourage you. Do not plan to reach too many
goals all at one time.
Establish priorities.
Plan in
advance how to quantify results so you can know exactly the way
Well you're doing. This is what's meant by"measurable"
goals.
If you can't keep score as you move along you're very likely to
lose motivation. Re-work your plan of activity to allow for
obstacles that might stand on your way. Try to foresee obstacles
and plan ways to avert or minimize them.
Buying.
Skillful purchasing is an important essential of profitably
Managing a business. This is true whether you're a wholesaler
or retailer of merchandise, a producer or a service business
proprietor. Some retailers say it's by far the most important
single
element. Merchandise that's carefully purchased is not
difficult to sell.
Deciding what to buy means finding
out the type, kind, quality, Brand, size, colour, fashion
-whatever applies to a specific
inventory - which will sell
the very best. This requires close attention to salespeople,
trade journals, catalogs, and notably the
preferences of your
regular clients. Analyze your sales records. The manufacturer
should see the issue through the eyes of clients
before
deciding what materials, components, and materials to buy.
Know your regular clients, and also make a Fantastic
evaluation of this People you hope will become your clients.
Just what
socioeconomic category are they? Are they
homeowners or renters? Are you currently searching for price,
style or quality? What is
the predominant age group?
The age of your clients can be a prime consideration in
Establishing a purchasing pattern. Young people buy more
frequently than
most elderly folks. They need more, have
fewer duties, and invest more on themselves. They're more
conscious of fashion trends
whether in wearing apparel,
automobiles or electronic equipment. If you choose to appeal to
the young trade only because they seem
dominate in your area,
your purchasing pattern will be completely different than when
the more conservative middle-aged customers
seem to be in the
majority.
Study trade journals, newspaper advertising,
catalogs, window Displays of companies like yours. Ask advice of
salespeople
supplying you merchandise, but buy sparingly from
several providers instead of one, testing the water, so to
speak, until you know
what your best lines would be.
Locating suitable merchandise sources isn't simple. You may buy
Directly from producers or manufacturers, from wholesalers,
distributors or jobbers. Select the suppliers who sell exactly
what you need and can deliver it when you need it. (Distributors
and jobbers are utilized by most business people for fast
fill-ins involving factory shipments.)
You may
distribute purchases among many providers to gain more Favorable
prices and promotional stuff. Or you may concentrate your
purchases one of a few providers to reevaluate your credit
problems. This may also allow you to become known as the seller
of a
particular brand or line of merchandise, and to maintain
a fixed standard in your products, if you are shopping for
materials for
manufacturing functions.
When to
purchase is essential if your company will have seasonal
Variations in sales volume. More inventory will be needed prior
to the seasonal upturn in sales volume. As earnings decline,
less merchandise is needed. This means purchases of goods for
resale
and materials for processing must change accordingly.
At the outset, how much to buy is speculative. The best
policy is To be frugal until you've had enough experience to
judge your
needs. On the flip side, you can't sell product if
you don't have it.
To help solve purchasing issues, you
should Start to maintain stock Control records simultaneously.
This can help you maintain the
inventory in equilibrium -
neither too large nor too little - with a suitable proportion
and decent assortment of merchandise,
sizes, colours, styles
and attributes.
Fundamentally, there are two types of
stock control - control in Bucks and control in physical units.
Dollar controllers reveal
the amount of money invested in
each merchandise category. Unit controllers indicate the amount
of individual items when and from
whom bought by category. A
fantastic inventory control system can help you determine what,
from whom, when, and how much to buy.
Pricing. A lot of
your success manage a business will depend on How you price your
services. If your prices are too low, You Won't
pay Expenses;
too high and you'll lose sales quantity. In both cases, you
won't Make a profit.
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