Wednesday, February 22, 2006

7 Habits of Highly Successful Small Business Owners

In the E-Myth Mastery Program their are 7 areas of a business, Leadership, Marketing, Money, Management, Client Fulfillment, Lead Generation, and Lead Conversion.

Do you spend every waking minute in your business? Do you find it difficult to take time out for you? Are you constantly working in a mess?

Unfortunately there are far too many business owners working too long and too hard. They tend to be involved in every aspect of their business from being the bookkeeper, marketer, human resources manager, mediator, customer liaison officer and cleaner. more ...

Small Business Success: Thriving During Change

We have found that successful businesses that properly implement the strategies of the E-Myth actually thrive on change and are innovating, quantifying, and orchestrating their businesses. For more information go to www.smallbizware.com

If I had $1.00 every time I heard someone say " I don't like change or, change makes me uncomfortable" I'd be a millionaire. Some people thrive on change - they love it and even create more of it. Others view change with anxiety and resistance.

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Sunday, February 19, 2006

Hone Your Edge, Stay Focused

A common hazard faced by new entrepreneurs is a lack of faith in the power of their offer. Many business people lose focus because they are worried they wont generate enough cash flow from their core product.

They attract potential customers with outstanding expertise but then muddy the water by trying to sell anything those customers want, regardless of how it fits into their business plan.

This is confusing, both for the customer, who doesnt really know what type of business you have, and for yourself. Heres how to stay on track.

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Small Business Owners - 7 Reasons You Should Change Your Accountant

One of the first things I do with clients of the E-Myth Mastery Program is to insure that they have a budget in Quickbooks and that Quickbooks is up-to-date each day. The Budget to Actual report then becomes

A recent survey showed that only 28.7% of small business owners were happy with their accountant, and only half of those would recommend him to their friends because he was too busy already. Most new businesses start out with an accountant, but Michael Gerber, author of "The E-Myth Revisited" and "E-Myth Mastery" notes that 80% of small businesses go out of business the first 5 years. So why are accountants not that successful with their clients?

The following are the most common reasons small business owners give for their dissatisfaction. Do any apply to you?

1. The accountant in charge is not accessible and never returns phone calls. In the early stages he couldn't do enough. He used to come out to the factory at least once a year to have a look. Now he seems to have time only for the big fellows. It seems I'm too small for him to be bothered with.

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