10 Things Your Small Business Consultant Can Do for You - PowerPoint PPT Presentation

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10 Things Your Small Business Consultant Can Do for You

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Starting and running your own business can be incredibly rewarding, but it’s not easy—especially if you’re doing it with little or no money. Without the backing of investors or funding from large institutions, starting and running your own business can seem all but impossible. Website - – PowerPoint PPT presentation

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Title: 10 Things Your Small Business Consultant Can Do for You


1
How To Start A Small Business With Little Or No
Money
2
  • Starting and running your own business can be
    incredibly rewarding, but its not
    easyespecially if youre doing it with little or
    no money. Without the backing of investors or
    funding from large institutions, starting and
    running your own business can seem all but
    impossible. However, there are many ways to start
    and run a successful small business with very
    little money. If you have an idea that you think
    can make money, here are some tips on how to
    start a small business without any outside
    funding.

3
Start Small
  • Starting on your own? Dont expect to open
    your doors and make millions. Starting any
    business, especially one without much capital, is
    hard work. You wont become an overnight success
    it can take months before you start seeing
    regular revenuebut by starting small and making
    smart decisions from day one, you can ensure that
    your business has a steady growth trajectory. It
    may not be glamorous, but it will be sustainable.
    Even if you end up generating only 100 per month
    in profit for a few years, thats better than
    nothing at all! And every new customer is more
    reason to believe in your business concept. This
    mindset is what separates successful
    entrepreneurs from others as soon as they hit a
    rough patch (which happens sooner than most
    people would like), they figure out ways to
    smooth things over rather than throw in the
    towel. They keep growing their business because
    they never stop believing in it themselves.

Use Your Resources
4
Stay Focused
  • Although it might seem obvious, before you
    can create something new, you have to have
    something (anything) in place. In terms of
    business funding, that means taking a look at
    your finances and identifying what resources are
    available to you. If youre saving money for your
    venture, dont withdraw everythingyou might want
    to keep some cash on hand for day-to-day living
    expenses. And if you plan on using personal
    credit cards as part of funding your business
    idea, only borrow whats reasonable for what you
    need. A balance transfer card can help lower
    interest payments and make financing more
    manageable. Taking a look at your financial
    situation first can provide insight into how much
    initial capital is really necessary.

One of the biggest challenges facing
businesses today is staying focused. If youre
trying to get a new business off of the ground,
youll find that its almost impossible to keep
your attention on just one thing. With so many
new ideas and responsibilities hitting you at
once, staying focused on your goal may seem
nearly impossible at times.
5
Generate Revenue Quickly
  • But if you can push through those times when
    getting things done feels nearly impossible, stay
    focused on what you want and how youre going to
    make it happen, then making that goal a reality
    will be much easier than expected. You wont be
    able to go from 0-100 in a single step instead,
    break down each of your goals into simple,
    manageable tasks and take care of each piece
    individually until they all come together as one
    big success story.
  • You might have an idea for a business venture
    that seems like it would have wide appeal but
    requires some particular skill set before you can
    even begin to think about really putting any work
    into it.

When starting, you might not have enough cash
on hand to pay for everything upfront. If thats
your situation, dont worry. Depending on your
business model, there are several ways you can
generate revenue quickly while slowly spending
down your initial investment. One example is
operating as a consultant and charging per hour
of work rather than relying on fixed project
fees.
6
Find Partnerships
  • For example, if you needed 3,000 worth of
    tools to get started and plan to use them daily
    in your new business, charge by the hour until
    theyre paid off. In these cases, funds arent
    about paying for equipment upfront but about
    supporting your businessand helping bring it
    into existencein other ways.

7
Get Invested in Others' Success
  • Starting a business isnt easy and it
    definitely wont happen overnight. With so many
    ups and downs, entrepreneurs sometimes get
    discouraged. In moments like these, its good to
    remember why you started your business in the
    first place. Take a moment to reflect on what got
    you into entrepreneurship in the first place,
    then do what you can (both financially and
    personally) to keep learning and growing. Most
    importantly, trust that things will fall into
    place as long as you stay dedicatedand patient!
    This is your dream after all dont let anyone
    take that away from you. Happy growing!

Find someone else in your niche, who is just
starting, and help them get started. Even if you
dont have any funds of your own, you may be able
to help them in other ways. For example, are they
having trouble finding an affordable place for an
office? Do they need business legal services? Are
they looking for a mentor? Are they running their
campaign on social media platforms like Facebook
and Twitter and could use some advice about how
to expand it? Offer your services in exchange for
theirs or find another mutually beneficial
arrangement.
8
Delight Customers
  • Its tempting to try and save costs by
    cutting back on things like customer service, but
    youll end up paying for it in other ways. For
    example, if customers arent delighted with your
    product or service, they wont be willing to pay
    full price. Also, happy customers are likely to
    share their positive experiencesmeaning your
    business could pick up word-of-mouth referrals
    that lead directly to sales. So dont skimp on
    customer satisfactionits one of many easy ways
    small businesses can attract more customers.

Show More than Tell
For your business funding needs, contact
Foreseeable Resource Group, LLC. This
organization is designed for new businesses who
need help getting funding for all their hard work
and ideas, especially since these companies
normally have limited operating funds of their
own.
9
Keep Learning and Growing
  • This organization will give you everything
    from financing to marketing expertise and even
    advice on how to run your business so that it is
    successful. They are actually like an ongoing
    advisory board that is made up of seasoned
    experts in various fields such as finance,
    marketing, HR, technology, and management. They
    can tell you just about anything you could want
    to know about starting a business without needing
    any kind of specialized training on what would be
    considered very advanced topics outside of your
    industry.

Starting a business requires passion,
patience, and perseverance. Though it may be
tempting to drop everything and go for it, youll
make better decisions when you take your time and
learn as much as possible before making any major
changes in your life. Keep reading about business
planning and research other entrepreneurs
stories for inspiration. Take classes at a local
company or online through websites like
Foreseeable Resource Group, LLC, listen to
podcasts from successful business owners. Dont
worry about rushing into something youll soon
find that if you keep learning and growing your
ideas will solidify into something truly great!
10
Contact Us
  • Address - 710 Buffalo St. Ste. 802 Corpus
    Christi, Texas 78401
  • Email - info_at_foreseeableresourcegroup.com
  • Phone - (361) 748-0711
  • Website - https//foreseeableresourcegroup.com
  • Blog https//foreseeableresourcegroup.com/how-to-
    start-a-small-business-with-little-or-no-money/
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