Eladio had come far. After finishing his career and work in various jobs, 5 years ago decided to open his own business. To do so, had the help of a Risk Capital who fell for its Business Plan and had great support from your personal brand, which of an entrepreneur convinced of his ideas, open-minded, visionary.

The first two years, still no return of investment, Eladio business was taking up positions and increasing their revenues in a progressive manner. Eladio got to give value to your company, its services and products. To give greater impetus to business, Eladio soon found it necessary to enlist the help of some “senior” to help him channel the business plan. Hired 5 people who, although not yet gathered enough experience in the business sector, were carriers of energy, enthusiasm and motivation.

Shortly after it, ZAP! shows the worst side of Eladio crisis and is forced to take measures to safeguard the company. To begin, cut wasteful spending. Being an inadequate measure, decided to dispense with some executives. The criterion was to choose those who dismiss it cost less money, regardless of its value. Later cut salaries by 20% and eliminated allowances and bonus. Called a computer to prevent their employees could connect to Facebook, Linkedin, YouTube, and Twitter …, which won with a simple manipulation of the server.

The morale of other workers began to decline. At the time Eladio decided to hire an outside consultant to help their employees find the motivation they had lost. Eladio forwarded to the consultant should further engage their people in decision-making processes, which should delegate more so that they feel share in the company and that should give a greater role in external activities of the company. The consultant considered that in this way get Eladio regain motivation and would also have much more support in project management.

The consultant’s ideas were scorned as Eladio all I wanted was to convince employees to work longer hours without demanding anything in return. Eladio was afraid of promoting their people. In the background thought that if he did, soon abandon taking all the secrets of the company.

Today, the company has closed. The worst is that could have prevented it. Just needed to believe in your team, provide leadership and improve internal communication. That would get motivated.

The fear of career-enhancing the key people in a company is common. We do not understand that our people can become ambassadors for the company, passing like no VISION, MISSION and VALUES, helping to generate a value chain.

The moral of the story? The machines are only resources and require that people are back to work, to pay. If we must go for something is by the people without any fear.

We still have many things to improve, but I want to share things that I consider essential to do so. The business has had its ups and downs, but every day we learn something new and that is important.

Here is a list of tips that everyone, no matter the business, you can take:

Organization

I do not know how to say this easier. The most notable problem I’ve had in my business is that at first we were all excited by the business, but we forget to have a plan of organization. At first you’ll have many heads, have to be an accountant, secretary, messenger, collector, publisher, etc. All areas are important and all need to have a development plan. You have to know how to take the minutes of meetings, regardless of where the money is being spent, who should meet, etc.. For this you need several tools:

* A bank account for business. You can go to any bank and open a business account to your name. In the United States each person is a business.
* A system of how to record the output and input of money (Excel is sufficient.) This will help you know where your money goes and where it goes.
* An agenda to find things to do, who is going to do and the next steps to take. Arrive late or miss a business meeting can cost thousands of dollars.
* A file cabinet to store important documents, but even if your business has to do with confidential information of your customer.
* A tracking system to customers.

Define your business with a plan

Should, in your mind, make your business a reality by defining all the aspects they may have. Although the process of making a business plan automatically goes through your mind, the problem comes because we do a good job of putting it in writing. A business plan is also essential to obtain a loan for a small company, but at least you should put in writing:

* The product / service you’re offering.
* To whom are you going to offer product / service.
* Where will the facility.
* The types of licenses and registrations you have to get (if applicable).
* Where will the money go for business.
* How are you going to promote the business.
* Someone offers this product / service. If the answer is yes they can be your competitors or could guide you on things that were challenging to open the business.
* How many employees need and how you will carry the payroll.
* Try to visualize your business (high and low) in operation for several years.

Stay calm

Not everything in the business will go as expected. Going to see losses, customer dissatisfaction, and other things beyond your control that could adversely affect the success of your business. Try to remain calm and seek solutions to the problem, there is no business in the world but has its ups and downs. There are many days that I think would be better for me to quit the business and continue my career, but I stay calm ahead. It’s also good to know your limits, if the business shows no signs of life and is only giving more losses than you can bear you should reevaluate your strategy.

Take a survey

We are in the information age and most likely you can find on the internet a wide range of information on how to start your own business, how to find financial assistance, industry information, etc. help you make more educated and concise about your business. On the internet training courses are free of an employer, information on regulations, etc. Use your resources (including this page) to achieve your dreams of an entrepreneur.

Do not forget to check out the continuation of this article here: Tips to Open Your Own Business: Part 2

]]> http://www.sharpastoast.com/business-ideas/tips-to-open-your-own-business/feed/ 2 http://www.sharpastoast.com/business-news/recession-expectations-and-other-gifts-for-this-year/ http://www.sharpastoast.com/business-news/recession-expectations-and-other-gifts-for-this-year/#comments Wed, 25 Aug 2010 14:43:19 +0000 admin http://www.sharpastoast.com/?p=962 Continue reading →]]> We have not yet begun the year and are almost without realizing economic truce with the sword of Damocles: The BBC published an article about the recession in USA which does not quite know whether to laugh or mourn. In recent months, ordinary people have not known with certainty whether it was going terribly wrong, if we go on vacation or buy prawns for Christmas, judging by the queues in the supermarket, all who were able to be have opted for the consumption side spent with them. However, those who still have doubts about what to expect, having access to this article: “The U.S. recession has already arrived.”

It goes well. Merrill Lynch says that USA-and we know about the U.S. sneezing and the global cold-and has spent his first month of recession confirmed. Not only has come, the phrase that stands out is that “the recession is already part of everyday life.” Dan chills. Thank goodness that has come his way which is supposed to decide formally how things are: the President of the National Bureau of Economic Research. Where appropriate, the phrase that highlights the news is “I think right now we are not in a recession, but I think we run a serious risk of worse things that can happen and a real fall.” (Instead, it appears that ) but after all what does it matter? This man has felt bad that someone is ahead in the formal prediction … The fact is that in a couple of weeks we will have again a crowd of employees worldwide fearing for their jobs.

It seems that USA has already experienced this kind of falls eleven times since the Second World War, we have some widely known in recent times. Recessions are followed restructuring, if we look at the expert studies and Wayne Cascio, more and more irrational and radical. An excellent study published in Castilian in Revista de Empresa, “Strategies for responsible restructuring”, demonstrates how devastating that companies resort to layoffs to offset recessions do not have better corporate results in the medium term.

But besides that fact that executives should consider, at this particular time there is a new paradox: the famous battle for talent should be a halt to the layoffs. There are many studies indicating that the priorities of the executives are the retention and talent development. Does it make sense rid of employees when the labor market has no demand? How will you resolve this contradiction from the world of business, especially in times of corporate social responsibility fashion? It will be interesting to follow, those who know examples of companies that address these situations from a consideration of the employee to say it loudly, please. To improve the expectations, nothing better than concrete examples.

Many employees fail to manage a career because they do not consider the basic concepts of career planning, employee was not ready for positions available within the organization. Employees do not realize that career goals can boost your career and make a great success. Understanding of the concepts of career planning is expected to lead to a career goal setting and career planning tends to be achieved.

This planning process allows the employees to identify career goals and paths toward those goals, then through the activities or the development of its employees to look for ways to improve and develop goals of their careers. In short, his career should be managed through a careful planning. If not, employees will often not prepare to take advantage of career opportunities available within the organization.

In a company, the employees are the most important asset had. Because without any employees, no matter how big the company is it will never running. Because employees are the most important asset, a company should the best compensation to the employees. Giving the correct amount of compensation will make the employees feel like home.

Although employees are the most important thing in a company, it does not mean that employee can do anything they like to the company, they also need to follow the rules in the company. The basic rules of the employee are the working hour. Before the employee takes the job, they should be told about what time they should start working and what time they should stop. To monitor this, usually company will use time recorders. The function of time recorders is to monitor the working hour of each employee in a company. Although time recorder has many names like employee time clocks or electronic time recorder, they have the same function, which is to monitor the working time.

If you are the owner of a newly growth company and seek for employee time clocks you can visit SamsClub.com, select the category and browse the products. There are many products sold, starts from the simplest analog time clock into the newest, most modern product like biometric time clock.