Trustworthy Support for Your Small Business

Small business owners wear all the hats required by their operation, and for many, that’s part of the fun. Who wants to do the same thing every day? Besides, you’re a holistic thinker, you like to keep your attention on the big picture, your finger in every pie.

Because you’re excited about your product or service, and even more importantly because you’re a wide-angle thinker, your business is doing okay, maybe even well. If you’ve been at it a while, perhaps you really take pride in its smooth operation; and when you hit any bumps in the road, you’re ready for them. You may even venture to say that you feel fulfilled, connected, and satisfied.

On the other hand, perhaps you’re just starting a new business, or you’ve been struggling to get one off the ground, or maybe you’ve been noticing declining sales, not to mention your own declining energy in a business you’ve had for some time. For just about everyone, there comes a point in your career when you’re working hard at something and you’re dedicated to it, but somehow you do not feel fulfilled, connected, or satisfied.

You could use some support. How ridiculous that this is not everyone’s first thought when personally perplexed in any way. We carry some ancient taboo against asking for help. Rather than seek assistance, people will assume tons of guilt over the fear that they’re not capable of doing it all themselves. If this describes you, here’s a news flash for you: No Man or Woman is an Island! You may feel like one, but that’s an illusion.

Finally – or better, right in synch with your business plan timeline – you decide to get that support. You think about hiring employees. The logic appears to be seamless: I will pay people to be at my place of business and do work for me. This will reduce my work load and support the health and growth of my business.

This system has been in place from time immemorial, although there’s always been an inherent flaw. The business owner replaces his/her previous work load with new tasks associated with staff management; and though the return on your hiring investment can benefit your bottom line, is it by a convincing margin?

The problem is that an employee’s self-image differs so widely from the business owner’s that there’s little realistic hope of shared conviction about the business. An employee is supported by you; it is not a situation in which, technically speaking, you are supported by them. Your employees may like you, be respectful and skilled, and fulfill your work needs well, and still not be a support to you beyond the specifics of their job description.

Nor should you, the business owner, expect any more. As one who has endured the rigors of business start-up, you should know that what it takes to own the operation is entirely removed from what it takes to be an employee. Your fundamental motivations and personality types are very different.

Instead of hiring a traditional employee, think about the merits of working with a virtual assistant (VA) for your small business. A VA is a business owner just like you, and understands what it is to be self-employed.

Though many VAs specialize, for the most part a VA is not a coach, or consultant, or therapist. But because you and the VA are collegial small business owners, you may well come to rely on this relationship for the motivational, organizational, and even emotional support it can provide.

A VA accomplishes administrative tasks for you through an independent B2B contract; and if you work over time with one, not only will your work get done professionally, but the VA will likely also become a virtual partner in your business! You can turn to him/her for advice, friendship, and peer feedback almost as you would with an honest-to-goodness partner.

VAs often declare: My success is your success. VAs encourage a cooperative market, where everyone wins. Go ahead, get online and find a virtual assistant company that looks right for you. The internet connects islands to one another!

Youth Business Entrepreneurs – Useful Tips

Who is a Youth Entrepreneur?

A youth business entrepreneur is a passionate industrialist, who produces certain selected products and distributes them to consumers to make a handsome profit.

Youth entrepreneurs are usually more energetic to take part in all the commercial activities of their entrepreneurship. They work hard to establish themselves from a very young age in the commercial sector.

The legitimate acceptable age for youth business entrepreneurs to start any commerce is 16. The ideal time for youth entrepreneurs to undergo business training is during their academic term, when they are pursuing a degree or diploma.

Health of young enterprisers has to be stable since, business activities are demanding and can have a bad effect on the health. They are also required to work for longer hours, to achieve the set objectives of the day.

Youth entrepreneurs need to supervise almost all the business activities, and hence they have to be accessible at any time. They also need to prepare themselves to work and conclude the task effectively and successfully.

Important Factors:

Entrepreneurs have to take lot of risks, if they wish to grow and establish themselves in the market. For this, it is important that youth business entrepreneurs prepare themselves mentally to take tough trade decisions.

To start with, entrepreneurs can examine the administration and technical support system of a couple of small business development centers and participate in special management programs. Several universities, colleges, and business schools around the globe conduct venture capital forums, youth business programs, and entrepreneurship seminars.

With the assistance from several collegiate entrepreneur associations, youth business entrepreneurs can educate themselves on myriad topics. Such associations, notify, encourage, and support youth’s business ideas to mold them into successful capitalists of tomorrow.

Further, they can also extend their commercial talent by surfing the internet. They can browse several sites devoted to tips and tricks related to youth entrepreneurships, to educate both the business and mind. Some sites also entail inspirational stories of victorious young entrepreneurs to inspire upcoming youths.

Youth entrepreneurs can hone their skills for executing the business by undergoing training for manufacturing the goods, marketing, packaging, and managing good customer rapport

Youth entrepreneurs need to march beyond the boundaries to achieve huge success in their industrial venture. Therefore, it is essential for them to gain knowledge through reading, experimenting, studying, and observing.

Youth Entrepreneurs Program:

Youth entrepreneurs program motivates young people to initiate their own full-time businesses and pursue self-employment as a career option. Such program accepts applications all through the year from youth aging between 18-29 years.

Young entrepreneurs under this program are eligible to meet a grant of up to $4000 to aid in paying their business start-up costs and capital expenses.

Youths interested in such a program are required to submit a complete program application and a business plan.

The young entrepreneurs program offers grant to repay approved applicants, for suitable business startup costs and capital investments. The grant depends upon the capability of the applicant.

Business Growth – Ethical Best Practices, Part Two

“It’s not hard to make decisions when you know what your values are.”
Roy Disney

Ethics are worth working on. Would you want to do business with McNeil-PPC, Inc., the manufacturer of Tylenol? The company took immediate responsibility when several customers died after using Tylenol that had been tampered with. The company acted to ensure that tampering wouldn’t happen again. Remember six years ago when the combination of separating Firestone tire treads and Ford Explorer rollovers onto weak roofs caused more than 60 deaths? Firestone took total responsibility and replaced all tires pretty quickly at a tremendous financial drain. Ford, on the other hand, initially took no responsibility. Instead, Ford blamed Firestone and repeatedly tried to cover up known manufacturing problems. As a result, Firestone cut off its 100-year long relationship with Ford. There was a conflict of values.

Though these are simplified accounts of complex events, they demonstrate how businesses deal with ethical issues differently.

Here are ways you can provide ongoing ethical best practices for your businesses:

  • Identify and communicate values. Let everyone know inside and outside your organization what the standards and values are for operating your company. Then be sure to live by them.
  • Play by the rules. Shortcuts are the fast route leading to dishonesty. Respect, live and work by the rules you make. Doing otherwise communicates that you believe you are more important than others.
  • Insist that people take responsibility for actions. First lead by example. Implement consequences for inappropriate actions. If you make mistakes, own up to what you did, others will be more likely to do the same. Covering up mistakes or wrongdoing destroys trust. Once that happens, it is difficult to repair.
  • Lead with a moral compass. Expect and deliver integrity in all your interactions. People who act the same when no one is looking as when being watched demonstrate strong character. Actions should not be based on individual situations, but rather on core values.
  • Take action against unethical behavior . Change vendors if they don’t meet your standards. Renounce companies that use child labor to make their products, pollute the environment, mistreat people. Don’t just talk about it; take action, show commitment. An international boycott of companies that invested in South Africa during apartheid is just one example of people and companies standing up for their beliefs. Hitting a target financially can be the impetus that changes the behavior of businesses and even a society.

Keep your eye on the ball. As a business owner, you are responsible for the actions of everyone connected with your business. Make sure they know your values. Your business will be more successful if it works with partners, employees and customers with shared values. If you and your business live by your values, you will feel good about what you do and it will affect the bottom line.