Tag: Businesses

The Most Profitable Home-Based Businesses #bank #business #loans

#home based business

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The Most Profitable Home-Based Businesses

When art major Melissa Schmechel graduated from Smith College in 2004, she chose to cut her teeth at two small shops in San Francisco. But she also had grander entrepreneurial designs.

“I saw small studios and letter-press printers make it work on their own,” says Schmechel. “I felt like there was a big enough market out there.”

Skills honed, the entrepreneurial 26-year-old launched her own graphic design shop, Darling Design, out of her apartment last year. She figures that an office lease would have cost an extra $1,000 per month. Sure, the home office can get a bit crowded–Schmechel shares the cramped three-bedroom rental with two roommates–but she’s happy she did it. “I couldn’t have started the business without doing it in my house,” she says.

In Pictures: The 10 Most Profitable Home-Based Businesses

Schmechel charges $50 an hour to spruce up brochures, business cards, catalogs, case studies and occasionally Web sites. Her tools of the trade include a computer and basic printer. (For high-end printing, she heads to Kinko’s.) Additional overhead: a mere $10 per month for a Web site hosting service. Initial marketing amounted to posting an ad on Craigslist. Darling Design’s first-year profits. about $50,000, she says.

Who needs a nasty commute when you can make a decent buck but a few feet from your kitchen? Over half of all U.S. businesses are now based out of an owner’s home, according to the U.S. Census Bureau. With the economy shedding jobs, the ranks of the self-employed may well keep swelling. Plenty more entrepreneurs may look to eliminate rent and fuel costs to pinch pennies.

With the help of Sageworks, a Raleigh, N.C.-based private-company data provider, Forbes.com has assembled a list of the 10 most profitable businesses–on a pretax basis–that could be run out of a home. The data were drawn from eight years worth of financial statements (nearly an entire business cycle) for tens of thousands of privately held U.S. companies with annual revenues under $1 million and bucketed by Internal Revenue Service classifications. Average pretax profits ranged from 8% to 14%.

We included only industries for which Sageworks had data from at least 35 companies, and we eliminated categories too broad to be meaningful. One big caveat: The data have an inherent positive survivorship bias, as some companies captured in earlier years may have failed along the way.

Facilitators–from brokerages to consultancies–nabbed five of the 10 spots; creators, such as specialty design shops, earned three; and repair outfits rounded out the rest. To be sure, not all will fare equally (or well) in the economic downturn.

Case in point: securities and commodities brokers, who stand atop the list with an average pretax margin of 14%. While confidence in the markets is shaken and competition from E*Trade and Charles Schwab is stiff, trusted brokers able to develop a book of business by giving financial advice (not simply executing trades) can still do well. All it takes is a computer, a speedy Internet hookup and some trading software from the likes of Automatic Data Processing. Typical commissions: 2% to 3% of the value of each trade.

To get started, first you’ll need approval from the Financial Industry Regulatory Authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about $5,000, depending on the types of securities you deal with. If you haven’t already bagged your broker’s license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the Series 63 or 66. One caveat: You can only take these exams after working for several months at a registered firm–and all of your employees must pass the same tests.

Consulting is good work, if you can get it. Consultants give guidance to companies looking for help with everything from marketing to environmental remediation–and for that they clock an average 10% operating margin. Many consultants can easily work from home when they’re not with clients on site, and most charge on a per-project basis rather than by the hour. Two big challenges: marketing and pricing the service. For more on the first, check out “Twelve Innovative Marketing Techniques “; for more on pricing, try “How To Figure Out Your Daily Rate .”

If you’d rather create than facilitate, learn how to code. Software is a very scalable business–simply write a program once and sell lots of copies. But it’s a hits business, too. Consider that the most expensive applications for the Apple iPhone typically sell for around $10–of which the programmer might get 70%–but most are free.

Techies can hedge their bets by doing some trouble-shooting work, too. On the service side, “the margins can be high because you’re not competing with global operators,” says Avron Barr, principal at Aldo Ventures, a software technology consulting firm in Aptos, Calif. Taken together, the “software publishing” bucket–which the IRS takes to mean both coders and help-desk types–boasts an average 14% pretax margin.

The nasty economy could put some coin in cobblers’ coffers, as consumers look to fix up furniture, appliances and leather goods rather than shell out for the new stuff. According to Sageworks, the average pretax margin of firms under the “Personal and Household Goods Repair and Maintenance” classification is 10%.

Maintenance work from the comfort of your garage or basement is challenging on two fronts: overall set-up (equipment, ventilation) and finding clients. Take shoe repair. Ben Roush, a cobbler in Omaha, Neb. says that used finishing machines (with the proper buffering and sanding devices) go for $10,000; stitchers, $1200; and hydraulic presses for adding glue, $300. Some repair work requires more electrical power, too: 220 volts versus the typical 110 volt capacity in most houses.

One warning about working from home: The walls may start closing in. “I’m looking to move into a studio space for part of the week,” says Schmechel. “It was really great at first to work from home, but each day, I find it harder and harder psychologically to do it.” For an unvarnished look at home entrepreneurship, check out “The Highs And Horrors Of Home-Based Businesses .”





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8 Easy, Low-Cost Businesses Any College Student Can Start #business #game

#business ideas for college students

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8 Easy, Low-Cost Businesses Any College Student Can Start

Hi there, you can call me Aaron. I’m cofounder at livecube and I’m based in Greater New York City Area.

Let’s face it: summer internships aren’t the best route for all students. Some with an entrepreneurial side and a business-savvy mindset just need more—both in terms of real-life experience and dollars. For students who want a high return, low barrier to entry, freedom to be their own boss and something that will look great on an MBA application, here are nine low-cost starter businesses that college students can start.

Food Cart

There are only three things you need to create a food cart: a cart/kiosk, a license to sell and food to cook. Sites like GigMasters.com offer food carts for rent across the U.S. or you could set up your own table. The key is to finding a good location such as near a college campus or shopping area. Permits range depending on the location. For instance, a permit in Philadelphia is $150, while a permit for New York City is $200. Hot dogs, baked goods and tacos sell well due to low-cost supplies and minimal labor.

Avon Sales Rep

If you’re good with sales and you want to be your own boss without the added costs of starting your own business, being a sales rep for Avon is a good bet. With just $10, you’re on the way to getting things started and unlike other direct sales companies, the starter kit is included in this fee. Set your own hours, a space for yourself in your house and run your business as you please.

SAT Tutoring

No one is more qualified to tutor prospective college students on the SATs than a college student who did well on it. SAT prep books cost between $20 and $30. Set aside money for advertising in your local paper and put up your own ads in public places. Set your hourly rate at a reasonable price. TestMagic charges $85 per hour while others go as high as $200 per hour.

T-shirt Company

Raymond Lei, creator of ooShirts. created his own custom T-shirt business while in college. If you’ve got a funny sense of humor or great design style, starting your own shirt company is a great venture. After you’ve drafted a few ideas, the next step is to find a printer. Depending on how many shirts you’re printing, costs can run high, but as long as the demand is even higher, you’ll continue to be profitable. Think about getting a stand at a local flea market or street festival to boost sales.

Moving Service

All you need to begin your own moving services is a moving truck, a valid license and some brawny friends. U-Haul trucks typically between $20 to 40 per day (plus mileage) and most movers charge about $200 to $400 for a local move. Advertise your “man with a van” service on Craigslist and on public bulletin boards. Also use the Web by posting on Facebook and Foursquare, as well as asking friends or clients to review your business on Yelp. You can also find dollies, hand-trucks, blankets, and other moving supplies on Craigslist.

Childcare

Starting your own babysitting service can be easy, as long as you invest in the proper resources and become qualified. First, obtain a childcare license which can cost up to $100. You should be first aid and CPR trained, and these certificates cost about $50 (though some places, like the Red Cross, offer this for free). Advertise your service locally, or on trusted babysitter websites such as Sittercity.com and Care.com. Your best chance of success is by having a flexible schedule, such as availability on evenings and weekends. Parents will be especially impressed with students majoring in education, child psychology or art therapy.

Arts and Crafts

If you’re an artist, selling your work can be the perfect entrepreneurial venture for you. You can set up a profile on Etsy and sell your work there, as well as at arts and crafts festivals and school campuses. It might be helpful to have a website you can direct people to for photos of your work and contact information. Look at the most popular items on Etsy and at craft fairs, such as jewelry, hats, clothing and other objects. And to keep costs low, look for materials that can be repurposed (and possibly even donated by local businesses—”reclaimed” is hot these days).

Website Design

Almost every small business wishes it had a better website. If you have skills and experience with HTML, WordPress, Flash or other site-building platforms (and some graphic design chops), you can freelance your work for a hefty profit. If you want a simple projects, logos can be sold for over $300 apiece. Create packages in which you offer bundled services, such as revamping a site and starting a blog for a flat fee. Build a portfolio of mock-up home pages and bring your iPad to prospect meetings to show it off.

Did you have an enterprise to raise money for college?

Image by OPEN Forum





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What are the top 10 most profitable businesses in India? #get #a #business #loan

#most successful businesses

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Despite being a huge economy that ranks at number 3 in the GDP (PPP) league globally, India is a nation where the agriculture and unorganized sectors dominate employment generation. Contrary to what a lot of people may believe, we do not have a majority of our workforce employed by the organized sector.

The Indian workforce can be categorized by a simple and approximate formula – 65-35-15-85. Of the entire workforce, around 65% are engaged directly or indirectly in Agriculture, a massive number. This number will include farmers, farm labourers, transport workers, mandi workers, marketing people, rural business persons of all types etc. That leaves around 35% of Indian workforce, which we can call non-farm workforce. Of this 35%, not more than 15% are employed by the organized sector. They are paid salaries on fixed dates (almost), enjoy statutory benefits and can associate their work with some brandname of some credible size. The remaining 85% (of this 35%) are engaged in unorganized sector, that does not enjoy any of these characteristics. Are these not shocking statistics, for India, after nearly seven decades of economic independence? By the way, I have not counted homemakers and housewives, whose contribution anyway does not get counted in the GDP calculations.

We are a nation of 1.3 billion people (that’s 130,00,00,000 people). So it is clear there is abundance of labour available in India, that is untrained, unskilled (or at best partially skilled) and has a poor chance of making it in the formal organized sector. What do these people do? Well, they create small businesses of their own, and get on with their lives quietly.

Mainstream academia and media often speak disparagingly of these millions as “Mom-and-Pop” shops, because the comparison yardstick is the West, where most of retail is organized. But if these millions were to give up their businesses, and start pestering the governments of India (central and state) forSarkarijobs, the whole system will crumble and break down in no time. We should be very thankful to these entrepreneurs who quietly create opportunities for themselves, and even employ many more.

I assume by small. the question means really small, even micro. And “top 10” must be the range and spread. The ones I am listing below, are usually proprietorships of the most unstructured format. I am intentionally not counting the Small-scale enterprises in the manufacturing sector. I am also leaving out individual contractors that use the internet economy to work from home, on projects anywhere in the world (these are educated and very capable people).

In my opinion, ten of the smallest of businesses (not counting agriculture related work) that are widespread across India, totally taken for granted, and where literally crores of Indians (1 crore = 10 million) are self-employed, can be listed as:

  1. Small retail shops – Millions of them spread across the length and breadth of India. They are usually owned by a single family, and entire work is done by two or three members of the same family. They do not formally book every transaction, and issue no receipts. Hence, they generally pay no taxes at all. In fact, if they are forcibly dragged in the tax net, many of them will simply become unviable! So what will happen? Right now we have around 1 million young people entering the workforce each month. Or 1.2 crore each year. We will substantially increase the number if these shops collapse.
  2. Paan ki dukaan – Indians love their paan, supari, cigarettes, tobacco, and gutkha! And this gives birth to the legion of Paan Shops we see everywhere. They form a key part of the marketing plans of consumer goods giants like Unilever etc. As they say, the Ps of marketing are Product-Price-Promotion-P lace-and-Paan shops.
  3. Readymade Garment shops – Thousands of these small shops cater to the needs of the local communities they serve. While all conceivable brands are available in big malls, the small shops cater at an atomic level to their customers’ needs. And they are busy all year round. One can be often surprised at the economical rates these offer.
  4. Tea stalls – Popularly called chai-ki-tapri. these are hangout places (for a few minutes) for the local small office-goers, daily wage labourers, and anybody passing by. Usually run by a single entrepreneur, they employ chhotus, young boys barely 8 or 10 years of age. It can be seen everywhere in India. They serve tea (of coffee), some basic snacks like pakoras, etc. Wholesomely unhealthy if taken on a daily basis.
  5. Auto Repair shops – If you do not wish to spend a lot of money to get your vehicle (2 wheeler or 4 wheeler) repaired at the branded sales outlet or service centre, then the roadside repair shop is always at your disposal. Business is always brisk, and the technicians working can be amazingly skilled.
  6. Mobile repair / accessories shops – The past few years have seen employment generation through this route. Tiny shops that are run by just one or two people can cater to a vast range of your repair / recharging needs. Found almost everywhere.
  7. Grocery Daily need shops – A type of the small retail shops. Some of them are organizedkirana stores, others much smaller but equally useful. They develop customer relationships through home delivery, some credit, and informal support for a range of needs. Usually have dedicated and loyal clienteles. The arrival of organized retail has, so far, not affected them much.
  8. Small restaurants / coffee shops – Lots of them dot the highways as dhabas. or all commercial roads in cities of all sizes. They are usually much cheaper compared to branded cafes. I remember enjoying a hearty meal (for a family of four) for Rs 36 when we hungrily went to a very small “south Indian” restaurant on a mountain side in Munnar, Kerala. What a meal it was! And what a rush the restaurant was handling. Such experiences make you want to become a food entrepreneur (the yummy margins! ).
  9. Seasonal shops – Every festival in India brings unique buying needs, and that leads to sprouting of such shops in specific areas of all towns and cities. So, during the Ganesh Chaturthi festivals, shops spring up overnight selling pooja samagri (material for religious prayers) and idols. Similarly, Deepawali sees fire-cracker shops and Holi brings with it gorgeously colourful temporary shops. All dealings are naturally in pure cash!
  10. Hawkers of all types – Not to be outdone by the above, we have a whole range of hawkers who shout themselves hoarse strutting their stuff door-to-door, all day long. They do this on bicycles, or thelas, and it must be very exhausting work.

I personally feel that society ought to respect these individuals much more that it currently does. They are the most basic building blocks of our goods and services markets. The entrepreneurial streak of these unsung heroes can be very motivating if we see the sheer struggle their daily lives entail.

As India moves forward, while our economy will get more structured, the simultaneous growth of our population is going to make formal employment generation a huge challenge. Interesting times ahead!

There is a contradiction in the question: What are the top 10 internet business models that are currently the most profitable and easiest to copy in a new market?

The most profitable business model will not be the easiest to copy since by definition anyone can copy that business model, compete with the original business model and so bring down the profits of the business model as a whole.

Examples of most profitable internet business models typically depend on dominating the long-tail. This requires these businesses to operate at a lower cost than if manual / human processing was required, and capitalize on improving the signal to noise ratio using algorithms at scale. It is difficult for substitute businesses to develop the same scale later as collecting huge amounts of long-tail data takes a long time (years)

Google search: Have data on long-tail search terms and creates a market place where participants can bid to reach most relevant customers.

Amazon.com: Have organized information of long-tail products for sale and offer unparalleled selection, prices are reasonable, inventory overheads are low (they need to stock a few items globally compared to a few items per physical store)

Ebay: Created an auction marketplace where buyers can bid for long-tail products offered by sellers world-wide. The larger the number of buyers, the larger the number of sellers and Ebay makes a cut off each transaction.

Wikipedia or Yahoo Answers: Long-tail content is generated by users at little / low expense to the company, content is relevant and used years after it was originally created. Bulk of the content is accessed only a few times every month but collectively drives billions of page views a month. This can be harvested by basic online advertising.





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Free Business Documents, Templates, and Forms for Small Businesses #business #tax #software

#free business forms

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Free Business Forms

Welcome to The Frugal Entrepreneur s collection of free business forms, letters, and templates for small and home-based businesses. While there are currently numerous sites online offering thousands of printable business documents and templates that are free to download, I have found that most of these offerings are poor in quality or are unsuitable to the needs of either small and home-based companies or the self-employed.

I therefore decided to put together this collection of essential business documents. I hand picked and adapted all of these forms, templates, and sample business letters to specifically suit the needs of small and home businesses. Most of these documents are from my growing personal collection of files that I have used over the years for my own business transactions. (Where any document is from an outside source, the source and link are provided.)

If there are any small business templates, forms, or letters that are not listed here, but you cannot find a suitable example or free, printable download of it anywhere, then let me know, either by leaving a comment in the box below or by sending an email (you can click the email icon on the upper right-hand side of this page), and I ll see what I can do.

And a final note You may notice that I have conspicuously left out most legal-type business documentation. When it comes to these kinds of forms, which as mentioned above, are freely available on several websites, my advice is: do yourself a favor and hire a qualified attorney or CPA to make sure you don t make a regrettable mistake down the road.
You can preview the documents by hovering over them.

If you have any questions or comments regarding this collection of free business forms, documents, and templates for entrepreneurs, and small and home-based business owners, please let me know.

Disclaimer: I m not a certified legal or financial professional. Frugality does not mean you skimp in those areas where a qualified professional, such as an attorney or CPA should be consulted. The small business tips, small business resources, and other information on this site including this collection of free business documents, templates, and forms are for educational purposes; they are meant to get you started in the right direction; but it s up to you to do the appropriate research.

Comments

Thanks so much for this list! I haven t started reviewing the list but from what I assume they are all useful. Thanks for the effort! More power!

Thanks so much for these forms. They re just what I needed to get me started (^





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Chapter 7 Bankruptcy for Small Businesses #franchising #your #business

#business bankruptcy

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Chapter 7 Bankruptcy for Small Businesses

Many small business owners find that a personal Chapter 7 case is best.

If you are a small business owner struggling with debt, Chapter 7 bankruptcy may help. Chapter 7 bankruptcy can eliminate most or all of the debts for which you are personally liable. If you are a sole proprietor or your business is a general partnership, you are personally liable for your business’s debts, and Chapter 7 may work well for you. If, on the other hand, your business is a separate legal entity, such as a corporation or LLC, you must file a bankruptcy on behalf of the business. While you may be able to use Chapter 7 in this situation, you’ll need a lawyer to represent you.

Get Informed Articles Information

Overview Articles

Overview Articles

If you are a struggling small business owner, filing for Chapter 7 bankruptcy may help save your business or provide a simple way to liquidate it.

Chapter 7 bankruptcy can help you eliminate personal liability for business debts.

If you have primarily business debts, you don’t have to pass the means test in order to qualify for Chapter 7 bankruptcy.

Chapter 7 for Different Business Structures

Chapter 7 for Different Business Structures

Find out how Chapter 7 bankruptcy works for sole proprietors, partnerships, LLC, and corporations.

As a sole proprietor, you may be able to wipe out both your personal and business debts by filing Chapter 7 bankruptcy.

Learn about Chapter 7 bankruptcy for partnerships and how it may affect you as a partner.

Chapter 7 bankruptcy can help corporations and LLCs going out of business by providing an orderly liquidation of the business.





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Government grants for small businesses #e #business

#government grants for small businesses

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Mr Mark Brennan commenced in his role as the Australian Small Business Commissioner on 2 January 2013.

Dr Craig Latham commenced in his role as Deputy Small Business Commissioner on 21 May 2013.

The role of the Australian Small Business Commissioner is to represent small business interests and concerns to the Australian Government.

There are Small Business Commissioners in Victoria, New South Wales, Western Australia and South Australia.

If you are in a business dispute, Dispute Support can assist you to find the right dispute resolution service

A good understanding of your dispute will help you to make informed decisions about the best way to try to resolve the dispute.

Tips from the Australian Small Business Commissioner to help you build strong business relationships and avoid disputes

Find out about dispute resolution services available in your state or territory.

There are publications available to assist you to understand, manage and prevent disputes.

It is difficult to know where to begin when starting your own business. It’s important to consider whether you really understand what’s involved and that you are aware of your tax and legal obligations.

Are you are thinking about expanding your business? Here are some suggestions that could help you grow your business.

Once you decide to sell or pass on your business, you need to consider how much your business is worth, the best time to sell and whether you should make use of a broker or other professionals to maximise selling opportunities.

There are resources available to assist you with starting and growing your business.

The family business sector accounts for 70% of all businesses in Australia.

Family Business Australia’s top ten tips for surviving a family business.

Family Business Australia’s best practice principles for family business.

Read case studies from family businesses.

Find out about upcoming events and training tailored for family businesses

Find answers to the most frequently asked questions about starting, growing and exiting a business.

Planning should always be the first step in developing a business.

Checklists that contain a series of questions to guide you through the various stages of setting up your business including before you start, when you start, when you buy and when you run your business.

Links to help guide your business.

View news articles from the Australian Small Business Commissioner.

Find out about upcoming small business events that Commissioner and his Office are involved in.

Keep up to date with the Commissioner’s newsletter.

View submissions and reports by the Office of the Australian Small Business Commissioner

The latest small business news from across the Australian Government, including ACCC, ASIC, ATO and business.gov.au

View blog posts from the Australian Small Business Commissioner.

View series of related blog posts.

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Chris Brogan says the Most Successful Small Businesses Do THIS #investor #business #daily

#most successful small businesses

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Chris Brogan says the Most Successful Small Businesses Do THIS

Many people work 9-to-5 jobs for 30 years — praying only for the day they can retire.

And they complain the whole time on Facebook about how much they hate their jobs.

Yuck! I can’t fathom that.

I love working for successful small businesses. And luckily, I don’t have a regular job.

But what does it take to REALLY succeed as an entrepreneur?

Chris Brogan says the Most Successful Small Businesses Do This

And during a recent interview with MSNBC, Chris dropped some serious knowledge about staying weird making your customers feel like they belong to your tribe.

Pay attention here:

One of Brogan’s best small business tips is that you’ll attract opportunities by standing out being different.

Follow outgoing examples from free-spirited entrepreneurs like Richard Branson, he says.

Here are 4 other juicy nuggets from this stellar interview:

1. Business is About Belonging

People want to be part of a tribe or community.

2. Share the Passion Not Just the Product

Passion drives folks to do what they love. How can you leverage that passion for your business?

3. Make Your Buyer the Hero

Discuss how your product or service makes your customers heroes — not too promotional, though.

4. Tell Their Story, Not Yours

Our product helped Johnny make $100k this year.





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How Business Intelligence Helps Small Businesses Make Better Decisions #business #jobs

#business intelligence

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How Business Intelligence Helps Small Businesses Make Better Decisions


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We often talk about the benefits of business intelligence, but we rarely explain what business intelligence is and why you should even consider it. More often than not, we are faced with this dilemma as we find ourselves excited at the “prospect” of what our business intelligence (BI) tools should offer, without knowing what it really can do.

In a recent blog post published by Panorama, they tackled an important yet simple business question, “What is Business Intelligence ?”

BI is a tool that helps organizations improve decision making by tracking, processing, storing and analyzing data and transforming it into insights. Business users can in turn use these insights to make the right decisions in the right time, cutting costs, identifying new business opportunities and improving their organization’s performance.

Do we need business intelligence?

Today we live in a world where organizations collect and store huge amounts of data. If that data is not put to good use to serve the company for a specific purpose, it becomes a heavy and expensive burden for the organization. It is very easy to get lost in all the data as the analysis process can be long and tedious; but with BI, the process becomes optimized plus with solutions like panorama NECTO 16. it has become almost automatic! Users can get knowledge that will improve their decision making in just two clicks!


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Not only large corporations need BI. Small businesses do too!

When most of us started our businesses, business intelligence (BI) was a special treat only the big-chip companies could enjoy, because well, employing analytics software required building data centers and hiring IT specialists and consultants.

If it helps big organizations make better business decisions, then it should be able to help small business make sound and effective decisions for their businesses too!

Times have changed, and today, small business BI is a booming industry. The same technological explosion that made the whole world fit into our pockets; in the shape of a smartphone or a tablet, also drastically reduced the size and cost of analytical solutions. For the first time, it is possible for small businesses to deploy BI to fulfill different needs, analyze their performance, predict their future, and make better decisions.

For small businesses where one person is a jack of all trades, it means that your employees can pull out the particular piece of information they need even if it exceeds their immediate area of expertise.

Through this, members of your team are empowered to view the same data from multiple locations and make data-driven decisions together. Business intelligence for small business doesn’t require any programming knowledge; neither need you to invest in trainings. All you need to do is to create a dashboard that will make everybody, from the top of the ladder to the bottom, understand that regular data analysis pays off. Gathering high-quality data is not a one-time effort and you must re-evaluate your goals periodically to determine whether your BI setup is helping you achieve them. The more you empower individuals to use and share data, the better their access to vital customer and financial information, then the more effective they will be in contributing to the achievement of your goal.

Also, getting visual is one of the best ways to explore and understand data, particularly when presenting it to customers, investors or other stakeholders. To present data in a digestible and persuasive way and not to lose your audience’s attention, it’s advisable to use infographics – best choice of BI for small businesses. With this smart solution you can display business data on compelling charts without spending too much time on chart formatting and design.

Furthermore, it helps you to grow your business. How is it possible? BI tools are smart and will help you reveal some trends in your past performance that could otherwise go unnoticed. You can identify crucial trends in your data with the potential to unlock new growth opportunities. By analyzing your past performance in context and trying to understand the factors that influenced the best or worst results, you can discover the key to the future growth.

However, please note.

When small businesses go shopping for BI and analytics solutions. the tendency can be to take a giant leap. The prospect of having all your data integrated and available to end users sounds exciting.
Also, management may think the system they buy should accommodate any future needs that may arise as the business grows. This may make many of them to lose sight of the fact that the solution must be simple and easy to manage in order to be successful in the long term.

Of course, the sweet talking salesmen from different solution providers also play a role in confusing the decision makers and making them sway from their immediate needs, and they sell a complicated system that’s far too expansive for a small business that basically only needs to analyze little data.

Therefore, the best approach for a small business is to consider a BI suite that provides the best data connectors for their most important data. Business intelligence solutions with straight-forward incorporation requirements and immediate impact, is a much better alternative for small companies.

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Free business advertising for businesses in the UK #new #business

#free business advertising

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FreeIndex for Businesses

Free advertising that really works!

Get found online and win new business

FreeIndex receives over 2.5 million page views every month.

Every UK business regardless of size or budget can win business and gain new customers for FREE by advertising on FreeIndex. You’ll get your own page and your own traffic.

Yes – it really is FREE, and over 1,500 testimonials shows you that it really works. For more info on how it’s free click here .

Free Business Leads

The ONLY site in the UK to send you FREE business leads

Once you’ve registered. we’ll send you genuine business leads by email and text message for free.

You can choose which types of leads you want to be notified about.

Every month, around 2 million worth of new business is generated through the FreeIndex MultiQuote system.

No one else provides businesses with FREE leads.

Create an amazing business profile

Your FreeIndex business profile is your shop window to the world, giving potential customers all the information they need to choose your business.

You can add all kinds of information to your profile including photos and videos and you can make changes whenever you want.

You also get a free web address, and so if you haven’t got a website yet, your FreeIndex profile will do the job perfectly.

Collect and manage your customer reviews

80% of consumers check online reviews before making a purchase

FreeIndex provides a perfect, independent platform for collecting and managing your customers’ comments.

Good reviews not only provide you with a powerful selling tool, but also boost your business up the rankings on FreeIndex.

You can also display your reviews on your own website using a range of tools we provide.

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As requested by our members we have developed an optional Premium Membership package which gives you a highlighted listing, priority on business leads, no 3rd party Ads and other benefits helping you win more business.

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10 businesses named after family members – Mollie Makes #business #proposal #format

#creative business names

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Choosing a name for a business is tricky it s got to be catchy, memorable and sum up ‘you’ too. We searched the web for crafty companies who took family names as the ultimate personal inspo. Find out how this line-up of crafty businesses came up with their shop names.

So you re looking for a business name. How about naming it after Nan, or combining your name with your partner s like celebrity power couples? If all else fails use our trusty craft business name game. take your favourite colour and find the quirky paint name for it, use one word from the colour name, add your craft of choice and the name of the street you grew up on (or a family member s name). Shuffle them round until they make no sense! So, Dayroom Crochet Orange or Henrietta Embroidery Villa. Huzzah, it works! Now you try.

1. Flossie Limejuice

Shelagh called her business “Flossie Limejuice after her mother-in-law s nickname for her grandson’s toy rabbit. Aww!

2. Anais Aiyla

Mish named her business after her daughters Zoie Amelia Anais and Emilie Aiyla Aeon. She says: “When we moved back to the UK from the Cayman Islands, one way I found to help them adjust to their new (very cold) surroundings was to crochet for them.”

3. Bobostitch

Cross stitch queen Hannah Sturrock named Bobostitch after her son’s mispronunciation of his sister Baby Olive s name. “She was born around the same time, says Hannah. The name is a constant reminder for me that the business is totally intertwined with our family life.

4. Lily Val

Owner Valerie McKeehan says: “Lily is a nod to my mother. We both share a love of flowers, in particular, stargazer lilies!”

5. Mingo Grace

Designer Farrah Gee named her children’s clothing brand after her little twins’ middle names.

6. Kit and Nancy

Maker Laura named her business after her grandmas: Kit and Nancy.

7. Bob John Knitwear

Jonie Worton’s knitwear company is named after her equally hands-on grandfathers, engineer John and builder Edgar known as Bob.

8. Clarise Crafts

Alyssa borrowed her business name from her mother Denise, who set up a jewellery business with her friend Claire under the name Clarise , merging the two friends names. Alyssa says: “I do get called Clarise but I see it as my crafty alter-ego!”

9. Holly and Evie

Let’s not forget the most important family members of all! Lucy Vernon named her knitwear company after her first dog Holly, and her current pooch, Evie.

10. Lily Dot

Aussie “vintage whimsy” store Lily Dot was named after two very creative grandmas.

Named your business after loved ones too? Leave your business name and link in the comments below and tell us why you chose the name.





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