Checklist for Starting a Keto 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 Keto 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 Keto 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
When faced with fear, we often talk ourselves out of
taking action. Most of the time, we have nothing to lose and
everything to gain!
1. Breathe!
When we are excited, we get body sensations that can
stop us. Stop, take some deep breaths and then proceed. This is
especially important to help your voice sound calm when your
knees are shaking.
2. Remember, it isn't about you!
When you get rejection, it is usually because the other
person doesn't need what you are offering. It isn't personal.
They may just be having a bad day. Or if they are genuinely a
nasty person, they gave you a break by not prolonging the
relationship!
3. Picture The WORST
Can you live through that? We awfulize most things and
imagine the outcome far worse than it usually is. Ask yourself,
what is the worst that can happen? Most of the time, you can
handle it!
4. Master The Topic
If we feel confident in our knowledge, the fear about
sharing it with others decreases. Even if they don't see value
or agree with us, we feel okay, because we have developed an
expertise that gives us confidence in ourselves.
5. Put something at stake or give yourself
reward
A reward or penalty that is big enough will motivate
sometimes. A sales trainer coached a real estate agent in making
regular prospecting calls to write a check for $1000 to his
ex-wife and have his secretary send it any day he did not make
the number of prospecting calls he said he would.
6. Get a Buddy
Taking on something fearful with another person often
will get you through it and keep you from having those dialogues
in your head that try to talk you out of it. A coach can also
help shine light into those dark areas!
7. Talk about it out loud
Once you identify the fear and talk about it out loud,
it will often diminish. Another technique is to close your eyes
and picture yourself doing that thing you are afraid to do. Now
run through the same scene but do it very fast. Now run through
it very slow, next make it silly, make it brighter, make it
dimmer. Has some of the fear dissipated?
8. Read something inspirational or listen to
tapes.
Play your favorite motivational tape or read something
inspirational right before you take action to help your mind
focus on what is POSSIBLE rather than what could derail you.
Think about how you will feel when you have taken action. Write
down the top 10 feelings you'll have when you have done this
thing!
9. Use your strengths-take the easy way!
Sometimes we focus on thinking we "should" do things
that just aren't our strengths. Take a look to see if you can
accomplish what you want some other way. What easy ones can you
do first? How can you leverage what you already have without
having to tackle an unknown.
10. If you have a frog to swallow, do it
quickly
Don't look at it too long. Sometimes, there is no way
around the fact, you are going to have to take an action that is
fearful. The longer you fret about it, there more energy you
waste. JUST DO IT!!!!
Predict Your Future. Do not use a crystal
ball to make forecasts of your small business. By carefully
analyzing the historic
trends of your business enterprise, as
shown in your records for the previous five years, you can
predict for the year ahead. Your
listing of sales, your
experience with the markets in which you sell, and your general
understanding of the economy should allow
you to forecast a
sales figure for the following year.
When You've Got a
Sales forecast figure, make a budget demonstrating your costs as
a proportion of that figure. Within the next
year, you can
compare actual P&L amounts to your budgeted figures. Thus, your
financial plan is an important tool for determining
the
health of your enterprise.
Make Timely Decisions.
Without action, predictions and conclusions about the future are
not worth the paper they're written on. A
decision that
doesn't result in action is a bad one. The pace of business
needs timely in addition to informed decision making. If
the
owner-manager is to stay ahead of competition, you must move to
control your destiny.
Powerful Decision making from the
small business requires a number of things. The owner-manager
must possess as much accurate
information as you can. With
these details, you need to determine the consequences of all
possible courses of actions and the time
requirements. When
you've created the decision, you've set up your company so that
the choices you make can be transmitted into
action.
Control Your Small Business. To be effective, the owner-manager
must have the ability to motivate key people to get the outcomes
intended for within the cost and time constraints allowed. In
working to attain results, the small business owner-manager has
an
advantage over large business. You can be flexible and
fast while many large businesses need to await committee action
before a
decision is made. You do not need to get consent to
behave. And equally important, bottlenecks to implementing new
methods may
receive your personal attention.
One of
the Secrets is in deciding what items to restrain. Even in a
small company, the owner-manager should not attempt to be all
things to everyone. You should keep close control on
individuals, products, cash, and some other resources that you
consider
important to maintaining your performance pointed
toward profit.
Manage Your Folks. Most companies realize
that their biggest expense is labor. Yet because of the close
contact with workers, a
few owner-manager of small businesses
do not pay sufficient attention to direct and indirect labor
costs. They tend to consider
these prices in terms of people
as opposed to relate them to gain in terms of dollars and
pennies.
Here are a few Suggestions regarding personnel
handling:
Gradually Review each position in your company.
Take a glimpse in the job. Is work being duplicated? Can it be
structured so that
it motivates the worker to become
concerned? Can the tasks be given to another employee or
employees along with a position
removed? Can a part-time
person fill the occupation.
Play A modest private mental
game. Imagine you have to eliminate one employee, If you needed
to let 1 person go, who'd it be? How
can you realign the jobs
to make out? You could get a real solution to the fanciful
difficulty is possible to your financial
advantage.
Use Compensation for a tool rather than viewing it as a
essential evil. Reward Superior work. Investigate the potential
for using
raises and bonuses as incentives for greater
productivity. By way of example, can you schedule bonuses as
morale boosters through
seasonal slacks or other dull
periods?
Remember There are new ways of controlling
absenteeism through incentive compensation plans. For example,
the owner-manager of a
small company eliminated vacations and
sick leave. Rather, this owner-manager gave each worker thirty
days annual leave to use as
the worker saw fit. In the end of
the calendar year, the employees were paid at regular prices for
the leave they did not use. To
qualify for the yearlong pay,
the worker had to prove that sick leave was shot solely for that
purpose. Non-sick leave needed to
be applied for in advance.
As a result, unscheduled absences and overtime pay were
decreased significantly. In addition, workers
were happier
and more productive than they had been under the old system.
Control Your Inventory. Don't tie up all your cash in
inventory. Use a perpetual inventory system for a cost control
as opposed to
a system just for taxation purposes. Establish
use patterns or buy patterns on the substances or items you must
stock to keep the
minimum number needed to supply your
clients to maintain production. Excessive inventory, whether it
is finished merchandise or
raw materials, ties up capital
that may be used to better advantage, for instance, to open a
new sales territory or to buy new
machines.
Centralize your Purchases and avoid duplications. Be a
comparative shopper. Verify orders in writing. Get the price and
amount
straight right away.
Check what you Get for
condition and quality. Check bills from suppliers against
quotes. You don't want to be the victim of their
error.
You Ought to, However, keep one fact in mind when you set up
your inventory control system. Don't spend more on the
management
system than it can return in savings.
Control Your Products. From charge of stock to control of
merchandise is but a step. Make sure your sales people recognize
the
value of promoting the products that are the most
profitable. Align your service coverages along with your own
markup in mind.
Arrange your products so that low markup
things need the cheapest handling.
Control Your Cash.
It's good policy to handle checks and cash as though they were
perishable commodities. They are. Cash on your
safe earns no
recurrence; and it Can be stolen. Bank promptly.
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