How Small Businesses Operate

Published on May 2016 | Categories: Types, Presentations | Downloads: 62 | Comments: 0 | Views: 1315
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How Small Businesses Operate

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HOW SMALL BUSINESSES OPERATE

Learn To Get Started

THE NUMBER ONE REASON

67% Personal passion
21% A way to pay the bills 8% In between jobs

QUICK STATISTICS
 Businesses spend 14 hours a week conducting everything related to business service.

 6 hours a week are spent attracting and retaining customers.
 5 hours are spent on communication - phone calls, emails, text messages.  3 hours on managing finances  Only 3 hours are dedicated to Web Marketing.
 This includes social media, company website, and blogs.

 2 hours are spent on contact manage and 2 hours are spent on employee management such as recruiting and hiring.

TIME SPENT A WEEK MANAGING A BUSINESS

21 hours are spent in the office
keeping organized, such as utilizing various desk supplies is key to higher productivity!

-

12 hours are spent managing the business
“On the go”

WHERE WORK IS DONE
50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Office/ Place of Business At Home Client's Location In the Car At Events
Intuit Small Business Survey

Where Work Is Done

HOW TO GET STARTED
Think about starting a business?  Number one question.
 Do you know enough about the industry you are going into?
 For example: if you are going into the business of selling office supplies look into who are the major competitors?  What products are they offering?  What is their branding campaign?

10 STEPS TO STARTING A BUSINESS
 1) Write a Business Plan  2) Get business assistance and training
 www.sba.gov

      

3) 4) 5) 6) 7) 8) 9)

Chose a business location Finance your business Determine the legal structure of your business Register a business name Get a tax identification number Register for space and local taxes Obtain business licenses and permits

CONTINUED..
 10) Lease an office space & go shopping!
When you start purchasing the supplies your business needs first and foremost MAKE A LIST.

Here is a list of the basics:  Copy Paper  Ball pens, Pencils, & Markers  File cabinets for organization and storage  Presentation boards  Electronics and Technical Supplies

ABOUT THE AUTHOR
Shoplet is the leading purely online office supply retailer. Founded in 1994, Shoplet is one of the original e-marketplaces.

Our specialties include office supplies, Ink and Toner Supplies, and Cleaning and Maintenance Equipment.

SOURCES
 http://www.ritholtz.com/blog/2012/02/how -small-businessoperate/  http://www.sba.gov/content/follow -these-steps-startingbusiness

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