Small Business Score – Are You Doing it Right?

A small business can be a good source of income for many people. Since the business is able to pay its bills and still make a profit, then it will have a good credit standing. Unfortunately in the business world, there are times when business can be good and other times when there is no money coming in. You have to be ready for this kind of situation.

If you have been in business for a while, you should have at least mastered the money making months and those that are not. When you do this you will be able to survive through the bad months using the profits of the good ones. You have to be organized and know how your business inside out. If you have no structure in your business, you may be caught unaware and find yourself in a difficult situation. This could stem from debts, or a certain need to expand your business.

Whatever the case may be if you have no savings, you may be forced to borrow money. When you approach lending institutions there are specific requirements they look for before they can give you funds. Your credit score is a very important aspect that is assessed by these institutions. If you have gone through a rough patch recently and you need funding, fear not. There are ways to improve and build your small business score. Ensure that you pay your bills on time. It will be evident to the lenders that the business is operating as it should.

Another way for you to build your small business score is to keep good financial records with a solid accounting structure in place. This way you will be able to keep track of money coming in and that going out. You will also be in a position to project any financial problems before they arise. This can cushion you from future financial disaster. This will reflect on your business score and lenders will be more inclined to give you money.

3 Benefits to Using a Newsletter For Your Small Business Marketing

Your small business can reap many benefits from having a newsletter to offer to your current customers or potential clients. See the top three reasons why you should offer an ezine (electronic magazine) to your mailing list subscribers to help increase your profits and utilize this effective form of small business marketing.

Continued Contact

Without your customers, you would have no business. Keeping in contact with your clients enables you to continue your relationship with them. You will also have the opportunity to easily offer discounts, coupons, special subscriber only sales, introduce new products or services, and encourage referrals.

Gain New Customers

Using an ezine can assist in turning a one time visitor to your web site or store into a client for life. People tend to shop around and compare companies, products or services before deciding to purchase. If these same people see that you offer a free newsletter, you are giving them an opportunity to learn additional information about your business and products or services. Once you have shown them how great your company is, you will have them hooked.

Show Your Expertise

You know your business inside and out. No one else knows more about this than you. You are the expert. Grow your relationship with your clients by sharing some of your knowledge and win over potential clients by showing you have the answer to their problems.

Running your business does not leave you with much time for an additional marketing technique; however, offering an e-zine for your subscribers can be very profitable. Just keep in mind the following tips:

  • Keep it short – include a tip or two, some information about a product or service, and offer a coupon or discount.
  • Send it out weekly, bi-weekly, or monthly. More often than that will tend to aggravate your subscriber base and possibly cause them to unsubscribe.
  • Write several ezines at one tip and set them up to be sent them out automatically on your desired dates. You could even write a year’s worth at one time.
  • Offer easy sign up form on your website for your subscribers.

Begin using this effective small business marketing technique and realize the potential increased profits you could be receiving.

How to Become a Successful Business Networker

As a business professional, you bring different talents and personalities to the table when you meet people. However, not everyone has an outgoing personality and sometimes feel lost when faced with networking (especially amongst large groups of people). However, these easy steps will help you successfully network at social functions and business events.

o Keep it real – The main ingredient to successful networking is to be genuine and authentic. People can spot a fake immediately. The only way to build trust and rapport is to keep it real and be honest.

o Prioritize your networking goals – Ask yourself what you want to accomplish when you network in particular groups. Some networking groups lean towards education/learning purposes. Define what meetings/groups will help you achieve your particular business and/or networking goals.

o Know your business inside and out – Have a clear understanding of your business and how your services and products help others. You need to articulate clearly what sets your business/company apart from your competitors. This is very important in referral-based businesses such as real estate. This is essential when you belong to a new group and have to give your “30 second” introduction about your business.

o Volunteer for organizations – Volunteering for a position in a networking group is a great way to become involved. It’s also a great way to give back to a group/organization that has helped you, or has helped the community.

o Visit networking groups that catch your interest – You don’t have to join every group, but it helps to visit groups to see if they are a good match. If you have friends or colleagues who belong to certain groups you like, ask them if you can be their guest at the next meeting. When you visit groups, ask yourself the following questions: Is the group supportive? Does it fit your industry/business scope?

o Ask open-ended questions during meetings – A key trick during group meetings is to ask open-ended questions. Open-ended questions address the following: “who, what, when, why and how.” These questions also engage other group members in a lively discussion (as opposed to just asking yes or no questions). It also makes group members feel important, and shows you are really interested in their opinions and feedback.

o Become a viable resource for others in your group – Offer suggestions, advice and be looked upon as a viable, informative resource in your networking group. When people look to you as an expert in your field, you become more visible and they will turn to you for help (which equates to more referrals and business in the future).

o Always follow through on referrals – No matter how busy you are, it’s important to follow through quickly and efficiently when you receive referrals from other group members. Remember that your actions are a direct reflection of the person who gave you the referral – don’t let that person down. It’s also seen as professional courtesy and respect, and further builds your credibility as a member of your business networking group.

Dream! Believe! Survive! – Philippines’ Booming Level in the Field of Business Process Outsourcing

Philippines has been endowed with several talents and resources that made its popularity in business increased. In the same way, talents and resources are the prime factors that made the country on top of business venture globally. Making it to the point of getting into the next level of business process outsourcing, the country’s edge has now becoming a big apple of one’s eye and slicing a larger pie in the global economic market and seems to lead in every way.

Indeed, Business Process Outsourcing in the Philippines has evolved quickly as it dominates every business sector made it possible to access in every way. Aside from BPO’s becoming a global sought phenomenon, it has leverage every business operation to stick on its cost efficiency and time saving factor which made it sparkled in the Philippines as a number one booming business inside the country.

Many businesses still crave for the BPO operations because of its usability and practicability in uplifting every small business’ abilities to compete and do better towards economic stardom in the field of global outsourcing business. It is a mere fact that with BPO as a an operation of delegating of one or more non-core business process to an offshore service provider with a certain field of specialization, one is accountable of the benefit it can brought to business development and growth and that is cost reduction and flexibility which are made possible in every business way.

Moreover, being a cost cutting antidote to the pressing tough economic situation, BPO leads by example of a business competition which have motivated most modern small and larger business in a way that every quality of services offered are being increased thus it lead to greater productivity and profit gaining. In fact, Philippines has been wowed for its exemplary performance in the field of business process outsourcing being the topmost outsourcing services hub in the Asia Pacific region and ranked 3rd in the world. That is due to increasing talent pool and proficiencies of the country’s populace enough to hurdle the demands of business process business worldwide.

Many have said that the overwhelming population of most call centers in the Philippines has raised the country’s fame in the field of business process outsourcing. The country has been a spotlight for BPO commercial and dealings because of the capability and advantage of gaining highly qualified, proficient in English and capacity of Filipino talents to handle business process tasks and compete in the global business outsourcing plus the hard work, loyalty, determination and dedication of the country’s service provider are factors to the country’s development and continuing success.

In this global milieu of global outsourcing, Philippines has equipped itself to offered exemplary performance in other outsourcing services such as accounting, software outsourcing, HR, and other outsourcing related tasks which have put the country’s rank on top of the so many business dealings giving them an edge over the others.
Philippines is still surviving and still pursuing its dream to successful global outsourcing now and in the years to come.