Top Four Superpower Business Tips 2022

Top Four Super Power Small Business Tips 2022

By: Margaret Jackson I Publisher & Radio Personality I https://smallbusinessconcierge.biz/

1. Understand your business model. Small business owners need to complete a business model canvas to identify how they make money, identify the target audience, specify essential expenses, partners and collaborative relationships, required resources, overarching daily activities, and relationships building with their customers. If someone asks about your business model, you should state it in a strong 1-3 sentence response. It is how you make money. The key ingredients to a Business Model are sustainability, product, and price. The Business Model is the cornerstone of a business plan. Mural is a great SAAS program to help entrepreneurs, existing business owners, and startups complete a Business Model Canvas. The first 30 days are free. MURAL is a digital-first visual collaboration platform | MURAL

2. Create a solid business plan. A business plan is genuinely your road map to success. It is not just used to attract funding, although it certainly can. If that is all you are looking for, you have the wrong understanding of a business plan and its power. In December 2021, the latest data published by the SBA Office of Advocacy indicated that business opens and closes are nearly at the same rates? "In 2019, prior to the pandemic, 1.04 million business establishments opened, and 928,000 establishments closed. About 13 percent of business establishments are startups" (U.S. Small Business Administration, 2021, December). Having a solid business plan can help you anticipate obstacles be it political, economic, social, technological, legal, or environmental or better-called PESTLE. It will also require taking a closer look at your strengths and continuing building upon them, weaknesses areas needing improvement, opportunities to capitalize on, and threats oppositions that a business need to be prepared to face.

The business plan is your intellectual property, the secret weapon to power moves. Planning never stops in a business. So start with the essential plan, the business plan. Palo Alto SAAS Live Plan is the #1 small business plan writing software on the planet. The Small Business

Concierge Communications and Digital Media is a proud collaborating partner. It has instructional videos to walk you through your best business plan writing experience. Business Plan Software With Performance

Tracking | LivePlan

3. Create a Solid financial plan.

Understanding your business finances is a nobrainer. The bottom line is to do it. Create a financial plan that is realistic to the business goals and is achievable. A financial plan should include your startup costs; we call this year zero. Chances are, you may require a loan and a payback schedule. The financial plan should consist of an expense model, and do not forget to include the employee taxes, worker's compensation estimates; these are often overlooked. The financial plan should consist of the revenue model, gross profits, COGS, Income Before Taxes, Federal and State Taxes, Net Profit(Loss), Net Sales, Cash Reserves Needed (if Net Profit is <$0), and Net Return on Investment (ROI). Palo Alto SAAS Live Plan is the #1 small business plan writing software on the planet and has a tremendous financial model plan. Business Plan Software With Performance Tracking | LivePlan If you need help with your business accounting and bookkeeping. A partner to Palo Alto Software is Business Cents or Bcents, a superb solution to helping you understand and build your financial structure. Bcents

4. Invest in marketing and advertising. Here is the mind-blower—the stuck-in-the-mud thinking. Small businesses do not market and advertise well. Developing your brand is critical to your businesses' survival. It is like water to the human body; you need it. Do you know or understand your 7P Marketing Mix for digital marketing, product, placement, promotion, price, people, process, and physical environment? "Driving sales (51.3%) and building brand awareness (48.4%) are the two top digital marketing priorities for small businesses" (Leadpages, 2017). Do not miss opportunities to expand your brand online. It is a brave new world for small businesses and online commerce. Covid-19 has forced small businesses to engage in more substantial online opportunities. It is necessary to reach an audience around the globe. "Place and promotion overlap when organizations extend their presence online with links from other sites or with microsites in relevant places as the brand gets wider promotion, and simultaneously increases its distribution (place) as the brand is, effectively, available for purchase more widely online" (Chaffey, 2017, p. 78). Back-linking is a clever way to show up in organic searches. Digital advertising brings customers by backlinking to your website. The SBC Magazine and Digital Catalog are backlink marketing and advertising powerhouses. Our digital advertising subscriptions offer small business brand visibility, awareness, and development, encourage customer connections and engagement, advertise and market on a mass-media scale, opportunities to go on LIVE broadcast radio around the globe from Silicon Valley. Small businesses must keep themselves in front of the eyes that matter, your customer. As a partner and collaborative with Palo Alto Software, advertising subscribers gain access to the member portal that gives them 30-days free of the Live Plan and a special offer from Live Plan after the 30-days. The portal includes business resources, power pod videos, quick tips to support small businesses, and many partners that want to help your small business succeed.

The Most Important Business in the World

by: Jesse L. Lee, Jr. | Editor-in-Chief | https://smallbusinessconcierge.biz/

When your business idea crystallizes, becomes legal, and begins the journey to become profitable your business becomes the most important business in the world. Why? Because you’re in charge and how well your business does reflect entirely upon you, your business acumen, and your leadership skills. You have vetted the market research, developed pro-forma financial statements, business, and financial models, and formed a small team of experts or are working with business intermediaries to help you in your (ad)venture. Only a few open issues remain that involve matters that are uncertain, complex, and ambiguous. You’ve made it, congratulations! You may not feel as if this is a proper time to celebrate. Despite, your business is officially off the ground and running. Now the task-at-hand is to grow a sustainable organization, increase sales, and manage your resources. Consider, for instance, that there are valuable lessons to learn along the way. What you may believe to be true about your business, your industry, and how to increase value for your current

the task at-hand is to grow a sustainable organization, increase sales, and “ manage your resources

reflecting on daily activities, and allowing your creativity to flourish is vitally important. The degree to which you are knowledgeable and understand accounting, finance, economics, sales, marketing, information technology, human resources, purchasing, research, and development will enable you to make the wisest decisions. You will want to both invest in your business as well as in yourself to grow and become the best organizational leader possible. Be encouraged. You can do it!

customers may be biased. If so, your assumptions may be distorted, and the business outcomes you hope for may miss the mark.Problem-solving,